Penrith Home Loans Mortgage Rates, Fees & Info
WILMINGTON, DELEI: 5493008GYZEYGLI3NQ97
Tax ID: 47-0933090
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Mortgage Data
Review & Overview
Penrith Home Loans is a smaller mortgage company specializing in Home Purchase loans. Penrith Home Loans has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Seattle, Portland, Spokane, Bremerton, and Mount Vernon among others. We have data for 31 markets. (Some data included below & more in-depth data is available with an active subscription.)Penrith Home Loans has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Penrith Home Loans is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.
We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.52% | 11/22/24 |
| 30 Year Conventional Refi | 6.74% | 11/22/24 |
| 30 Year Cash-out Refi | 6.78% | 11/22/24 |
| 30 Year FHA Purchase | 7.51% | 11/22/24 |
| 30 Year VA Purchase | 6.00% | 11/22/24 |
| 15 Year Conventional Purchase | 6.16% | 11/22/24 |
| 15 Year Conventional Refi | 6.29% | 11/22/24 |
| 15 Year Cash-out Refi | 6.29% | 11/22/24 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
Penrith Home Loans Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,434Origination Dollar Volume (All Markets)
$521,750,000Top Markets
Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 821 | $352,415,000 | $429,251 | $7,141 | 4.85% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 138 | $43,890,000 | $318,043 | $5,899 | 4.79% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 155 | $35,105,000 | $226,484 | $5,732 | 4.89% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 113 | $32,365,000 | $286,416 | $6,069 | 4.75% |
| MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) | 38 | $11,590,000 | $305,000 | $5,871 | 4.72% |
| Oak Harbor, WA (FHA|USDA|VA) | 17 | $6,345,000 | $373,235 | $4,924 | 4.97% |
| EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) | 21 | $5,825,000 | $277,381 | $6,317 | 4.99% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 15 | $4,915,000 | $327,667 | $4,331 | 5.03% |
| SALEM, OR (FHA|USDA|VA) | 18 | $4,520,000 | $251,111 | $5,749 | 4.82% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 11 | $2,895,000 | $263,182 | $7,769 | 4.74% |
| Outside of Metro Areas | 11 | $2,425,000 | $220,455 | $4,551 | 4.88% |
| BEND, OR (FHA|USDA|VA) | 9 | $2,405,000 | $267,222 | $4,991 | 4.53% |
| Shelton, WA (FHA|USDA|VA) | 9 | $2,385,000 | $265,000 | $5,561 | 4.94% |
| FORT COLLINS, CO (FHA|USDA|VA) | 8 | $2,230,000 | $278,750 | $6,144 | 5.06% |
| Ellensburg, WA (FHA|USDA|VA) | 6 | $1,940,000 | $323,333 | $5,775 | 4.85% |
| WENATCHEE, WA (FHA|USDA|VA) | 5 | $1,935,000 | $387,000 | $7,296 | 4.13% |
| WALLA WALLA, WA (FHA|USDA|VA) | 5 | $1,275,000 | $255,000 | $5,670 | 5.00% |
| CORVALLIS, OR (FHA|USDA|VA) | 5 | $1,215,000 | $243,000 | $5,125 | 4.85% |
| BELLINGHAM, WA (FHA|USDA|VA) | 4 | $1,020,000 | $255,000 | $3,617 | 4.59% |
| Aberdeen, WA (FHA|USDA|VA) | 4 | $990,000 | $247,500 | $6,213 | 4.91% |
| Moses Lake, WA (FHA|USDA|VA) | 5 | $845,000 | $169,000 | $3,336 | 4.60% |
| LONGVIEW, WA (FHA|USDA|VA) | 3 | $495,000 | $165,000 | $5,399 | 4.71% |
| BOULDER, CO (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $3,484 | 4.69% |
| Centralia, WA (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $5,269 | 4.81% |
| Port Angeles, WA (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $5,093 | 4.63% |
| KENNEWICK-RICHLAND, WA (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $3,332 | 4.44% |
| GREELEY, CO (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $4,875 | 4.75% |
| YAKIMA, WA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $3,347 | 4.50% |
| MEDFORD, OR (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $7,248 | 5.00% |
| ALBANY-LEBANON, OR (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $5,707 | 4.88% |
| Hermiston-Pendleton, OR (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,585 | 4.88% |
Similar Lenders
We use machine learning to identify the top lenders compared against PENRITH HOME LOANS based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
For 2018, Penrith Home Loans's most frequently originated type of loan was Conventional, with 1,111 originations. Their 2nd most popular type was VA, with 150 originations.
Loan Reason
For 2018, Penrith Home Loans's most frequently cited loan purpose was Home Purchase, with 1,207 originations. The 2nd most popular reason was Cash Out Refi, with 145 originations.
Loan Duration/Length
For 2018, Penrith Home Loans's most frequently cited loan duration was 30 Year, with 1,344 originations. The 2nd most popular length was Other, with 57 originations.
Origination Fees/Closing Costs
Penrith Home Loans's average total fees were $6,598, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 480 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 1,041 | $393,745,000 | $378,237 |
| 5-6% | 295 | $93,965,000 | $318,525 |
| 3-4% | 60 | $26,980,000 | $449,667 |
| 6-7% | 31 | $6,305,000 | $203,387 |
| 7-8% | 7 | $755,000 | $107,857 |
During 2018, Penrith Home Loans's average interest rate for loans was 4.79%, while their most frequently originated rate bucket for loans was 4-5%, with 1,041 originations.
Loan Sizing
2018 saw Penrith Home Loans place emphasis on $200k-400k loans with 700 originations, totaling $206,690,000 in origination value.
Applicant Income
Penrith Home Loans lent most frequently to those with incomes in the $100k-150k range, with 395 originations. The second most popular income band? $50k-75k, with 287 originations.
Applicant Debt to Income Ratio
Penrith Home Loans lent most frequently to those with DTI ratios of 30-36%, with 243 originations. The next most common DTI ratio? 20-30%, with 196 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.54%
Penrith Home Loans has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination72.32%
Penrith Home Loans has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 1,434 | $521,750,000 | $363,842 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 50 | $10,640,000 | $212,800 |
| Single Family (1-4 Units):Site-Built | 1,384 | $511,110,000 | $369,299 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| PHH Mortgage Services Corporation | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 2 | 1.2% |
| PHH Mortgage Services Corporation | Conventional home mortgage | Closing on a mortgage | 2 | 1.2% |
| PHH Mortgage Services Corporation | Conventional home mortgage | Credit monitoring or identity theft protection services | 1 | 0.6% |
| PHH Mortgage Services Corporation | Conventional home mortgage | Improper use of your report | 1 | 0.6% |
| PHH Mortgage Services Corporation | Conventional home mortgage | Incorrect information on your report | 2 | 1.2% |
| PHH Mortgage Services Corporation | Conventional home mortgage | Struggling to pay mortgage | 26 | 15.6% |
| PHH Mortgage Services Corporation | Conventional home mortgage | Trouble during payment process | 80 | 47.9% |
| PHH Mortgage Services Corporation | FHA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 0.6% |
| PHH Mortgage Services Corporation | FHA mortgage | Closing on a mortgage | 5 | 3.0% |
| PHH Mortgage Services Corporation | FHA mortgage | Struggling to pay mortgage | 9 | 5.4% |
| PHH Mortgage Services Corporation | FHA mortgage | Trouble during payment process | 7 | 4.2% |
| PHH Mortgage Services Corporation | Home equity loan or line of credit (HELOC) | Struggling to pay mortgage | 3 | 1.8% |
| PHH Mortgage Services Corporation | Home equity loan or line of credit (HELOC) | Trouble during payment process | 1 | 0.6% |
| PHH Mortgage Services Corporation | Other type of mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 0.6% |
| PHH Mortgage Services Corporation | Other type of mortgage | Closing on a mortgage | 2 | 1.2% |
| PHH Mortgage Services Corporation | Other type of mortgage | Credit monitoring or identity theft protection services | 1 | 0.6% |
| PHH Mortgage Services Corporation | Other type of mortgage | Incorrect information on your report | 2 | 1.2% |
| PHH Mortgage Services Corporation | Other type of mortgage | Struggling to pay mortgage | 1 | 0.6% |
| PHH Mortgage Services Corporation | Other type of mortgage | Trouble during payment process | 10 | 6.0% |
| PHH Mortgage Services Corporation | VA mortgage | Struggling to pay mortgage | 5 | 3.0% |
| PHH Mortgage Services Corporation | VA mortgage | Trouble during payment process | 5 | 3.0% |