Penrith Home Loans Mortgage Rates, Fees & Info

WILMINGTON, DE

LEI: 5493008GYZEYGLI3NQ97

Tax ID: 47-0933090

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • 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 Oak Harbor among others. We have data for 26 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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.52% 4/21/24
    30 Year Conventional Refi 6.74% 4/21/24
    30 Year Cash-out Refi 6.78% 4/21/24
    30 Year FHA Purchase 7.51% 4/21/24
    30 Year VA Purchase 6.00% 4/21/24
    15 Year Conventional Purchase 6.16% 4/21/24
    15 Year Conventional Refi 6.29% 4/21/24
    15 Year Cash-out Refi 6.29% 4/21/24
    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






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Penrith Home Loans. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    1,638

    Origination Dollar Volume (All Markets)

    $638,900,000

    Awards

    PENRITH HOME LOANS FHA Loans silver PENRITH HOME LOANS 30 Year Conventional Loans bronze
    Show all (2) awards

    Top 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) 1,032 $461,320,000 $447,016 $6,934 4.18%
    PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 186 $62,520,000 $336,129 $5,504 4.25%
    SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 173 $43,175,000 $249,566 $5,557 4.21%
    BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 110 $33,430,000 $303,909 $6,340 4.35%
    Oak Harbor, WA (FHA|USDA|VA) 18 $6,140,000 $341,111 $5,149 4.61%
    Outside of Metro Areas 20 $4,930,000 $246,500 $5,066 4.11%
    EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 16 $3,820,000 $238,750 $4,831 4.38%
    WALLA WALLA, WA (FHA|USDA|VA) 16 $3,650,000 $228,125 $5,471 4.52%
    OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 9 $2,825,000 $313,889 $4,638 4.18%
    BELLINGHAM, WA (FHA|USDA|VA) 9 $2,465,000 $273,889 $4,940 4.04%
    MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) 7 $2,375,000 $339,286 $6,910 4.16%
    WENATCHEE, WA (FHA|USDA|VA) 8 $2,330,000 $291,250 $4,567 4.31%
    LONGVIEW, WA (FHA|USDA|VA) 7 $2,285,000 $326,429 $7,726 4.23%
    Ellensburg, WA (FHA|USDA|VA) 3 $1,415,000 $471,667 $4,830 4.13%
    Shelton, WA (FHA|USDA|VA) 5 $1,155,000 $231,000 $4,052 4.20%
    FORT COLLINS, CO (FHA|USDA|VA) 3 $925,000 $308,333 $6,730 4.42%
    SALEM, OR (FHA|USDA|VA) 3 $845,000 $281,667 $8,186 3.75%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $615,000 $615,000 $3,674 4.88%
    KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 2 $570,000 $285,000 $16,512 4.13%
    BEND, OR (FHA|USDA|VA) 1 $485,000 $485,000 $5,711 4.25%
    Moses Lake, WA (FHA|USDA|VA) 1 $325,000 $325,000 $3,791 4.00%
    GREELEY, CO (FHA|USDA|VA) 1 $295,000 $295,000 $8,824 5.63%
    Hermiston-Pendleton, OR (FHA|USDA|VA) 2 $280,000 $140,000 $3,893 4.44%
    Aberdeen, WA (FHA|USDA|VA) 2 $270,000 $135,000 $3,494 3.75%
    Port Angeles, WA (FHA|USDA|VA) 2 $260,000 $130,000 $4,145 4.25%
    MEDFORD, OR (FHA|USDA|VA) 1 $195,000 $195,000 $7,248 5.00%
    Penrith Home Loans's top markets include Seattle, Portland, Spokane, Bremerton, and Oak Harbor among others.

    Their top states include:
  • Washington (FHA|USDA|VA)
  • Oregon (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)

    • 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.

    Yakima Federal Savings and Loan Association
    Similarity Rank: 414
    KITSAP Credit Union
    Similarity Rank: 418
    INROADS
    Similarity Rank: 549
    Ukrainian Federal Credit Union
    Similarity Rank: 657
    iQ Credit Union
    Similarity Rank: 851
    Clackamas Federal Credit Union
    Similarity Rank: 918
    OREGONIANS CREDIT UNION
    Similarity Rank: 948
    Sno Falls Credit Union
    Similarity Rank: 1090
    O BEE
    Similarity Rank: 1162
    CASTPARTS EMPLOYEES
    Similarity Rank: 1170

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,300 $524,210,000 $403,238 $5,739 4.17%
    FHA 146 $48,330,000 $331,027 $10,449 4.19%
    VA 142 $57,740,000 $406,620 $8,588 3.87%
    HELOC 44 $6,930,000 $157,500 n/a 6.70%
    USDA 6 $1,690,000 $281,667 $6,427 4.04%

    For 2019, Penrith Home Loans's most frequently originated type of loan was Conventional, with 1,300 originations. Their 2nd most popular type was FHA, with 146 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,178 $463,120,000 $393,141 $6,779 4.24%
    Refi 242 $103,470,000 $427,562 $4,821 3.82%
    Cash Out Refi 175 $61,105,000 $349,171 $6,869 4.28%
    Home Improvement 26 $7,710,000 $296,538 $5,547 4.85%
    Other 17 $3,495,000 $205,588 $4,276 5.84%

    For 2019, Penrith Home Loans's most frequently cited loan purpose was Home Purchase, with 1,178 originations. The 2nd most popular reason was Refi, with 242 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,551 $619,045,000 $399,126 $6,483 4.16%
    Other 45 $7,105,000 $157,889 $6,668 6.63%
    15 Year 40 $12,250,000 $306,250 $5,413 3.64%
    20 Year 2 $500,000 $250,000 $5,298 4.13%

    For 2019, Penrith Home Loans's most frequently cited loan duration was 30 Year, with 1,551 originations. The 2nd most popular length was Other, with 45 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 599 $237,625,000 $396,703
    $2k-3k 290 $99,050,000 $341,552
    $5k+ 237 $131,385,000 $554,367
    $3k-4k 206 $73,540,000 $356,990
    $4k-5k 122 $50,440,000 $413,443
    $<1k 67 $19,355,000 $288,881

    Penrith Home Loans's average total fees were $6,483, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 599 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 882 $358,710,000 $406,701
    4-5% 623 $241,645,000 $387,873
    5-6% 93 $31,295,000 $336,505
    6-7% 24 $4,140,000 $172,500
    7-8% 10 $1,370,000 $137,000
    2.5-3% 4 $1,610,000 $402,500
    Over 8% 2 $130,000 $65,000

    During 2019, Penrith Home Loans's average interest rate for loans was 4.16%, while their most frequently originated rate bucket for loans was 3-4%, with 882 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 761 $225,855,000 $296,787 $5,789 4.19%
    $400k-600k 481 $230,895,000 $480,031 $7,086 4.08%
    $600k-1MM 184 $130,800,000 $710,870 $8,701 4.10%
    $100k-200k 166 $26,480,000 $159,518 $4,509 4.59%
    $100,000 or less 27 $2,065,000 $76,481 $3,421 5.46%
    $1MM+ 19 $22,805,000 $1,200,263 $9,131 4.27%

    2019 saw Penrith Home Loans place emphasis on $200k-400k loans with 761 originations, totaling $225,855,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 412 $168,490,000 $408,956 $6,898 4.19%
    $150k-250k 362 $178,880,000 $494,144 $7,099 4.32%
    $75k-100k 326 $109,800,000 $336,810 $6,306 4.16%
    $50k-75k 284 $76,500,000 $269,366 $5,893 4.12%
    $250k+ 121 $73,015,000 $603,430 $7,393 4.50%
    $50k or less 95 $16,915,000 $178,053 $4,476 4.18%

    Penrith Home Loans lent most frequently to those with incomes in the $100k-150k range, with 412 originations. The second most popular income band? $150k-250k, with 362 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 310 $117,850,000 $380,161 $6,177 4.24%
    20-30% 263 $101,475,000 $385,837 $5,785 4.10%
    49% 103 $42,455,000 $412,184 $7,164 4.23%
    44% 87 $35,135,000 $403,851 $6,512 4.23%
    41% 77 $28,955,000 $376,039 $6,557 4.29%
    45% 75 $28,335,000 $377,800 $6,615 4.31%
    42% 73 $29,775,000 $407,877 $6,861 4.26%
    43% 67 $24,085,000 $359,478 $6,279 4.09%
    39% 66 $24,410,000 $369,848 $6,647 4.38%
    48% 63 $24,005,000 $381,032 $6,982 4.32%
    38% 58 $22,030,000 $379,828 $6,506 4.32%
    37% 56 $24,550,000 $438,393 $6,665 4.18%
    36% 55 $20,585,000 $374,273 $7,134 4.21%
    <20% 51 $20,185,000 $395,784 $4,680 4.06%
    40% 51 $21,925,000 $429,902 $6,971 4.43%
    47% 51 $20,695,000 $405,784 $6,471 4.25%
    50-60% 51 $21,615,000 $423,824 $10,349 4.07%
    46% 48 $17,320,000 $360,833 $6,437 4.29%
    >60% 2 $690,000 $345,000 $3,746 4.25%

    Penrith Home Loans lent most frequently to those with DTI ratios of 30-36%, with 310 originations. The next most common DTI ratio? 20-30%, with 263 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,284 $493,460,000 $384,315 $6,407 4.22%
    Not provided 240 $102,480,000 $427,000 $6,777 4.18%
    Asian 68 $26,410,000 $388,382 $6,386 4.17%
    Black 20 $6,220,000 $311,000 $6,056 4.07%
    Asian Indian 6 $3,460,000 $576,667 $6,904 4.50%
    American Indian 9 $2,905,000 $322,778 $7,725 4.10%
    Native Hawaiian or Islander 6 $2,320,000 $386,667 $5,766 4.25%
    Other Asian 2 $740,000 $370,000 $4,382 3.94%
    Korean 1 $405,000 $405,000 $3,180 3.75%
    Native Hawaiian 1 $325,000 $325,000 $4,173 5.50%
    Japanese 1 $175,000 $175,000 $6,117 4.38%

    Approval Rates

    Total approvals of all applications
    97.20%

    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 origination
    78.75%

    Penrith Home Loans has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,638 $638,900,000 $390,049

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 51 $14,115,000 $276,765
    Single Family (1-4 Units):Site-Built 1,587 $624,785,000 $393,689

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 69 $14,595,000 $211,522 $4,434 4.69%
    40-60% 153 $55,485,000 $362,647 $4,887 4.01%
    60-80% 546 $230,800,000 $422,711 $5,937 4.17%
    80-100% 787 $312,875,000 $397,554 $7,099 4.19%
    Over 100% 20 $8,470,000 $423,500 $15,193 3.86%
    Under 20% 32 $3,850,000 $120,313 $3,679 6.14%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    PHH Mortgage Services Corporation Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 6 2.4%
    PHH Mortgage Services Corporation Conventional home mortgage Closing on a mortgage 12 4.7%
    PHH Mortgage Services Corporation Conventional home mortgage Incorrect information on your report 1 0.4%
    PHH Mortgage Services Corporation Conventional home mortgage Struggling to pay mortgage 69 27.2%
    PHH Mortgage Services Corporation Conventional home mortgage Trouble during payment process 101 39.8%
    PHH Mortgage Services Corporation FHA mortgage Applying for a mortgage or refinancing an existing mortgage 5 2.0%
    PHH Mortgage Services Corporation FHA mortgage Closing on a mortgage 1 0.4%
    PHH Mortgage Services Corporation FHA mortgage Problem with a credit reporting company's investigation into an existing problem 1 0.4%
    PHH Mortgage Services Corporation FHA mortgage Struggling to pay mortgage 13 5.1%
    PHH Mortgage Services Corporation FHA mortgage Trouble during payment process 16 6.3%
    PHH Mortgage Services Corporation Home equity loan or line of credit (HELOC) Closing on a mortgage 1 0.4%
    PHH Mortgage Services Corporation Home equity loan or line of credit (HELOC) Trouble during payment process 3 1.2%
    PHH Mortgage Services Corporation Other type of mortgage Struggling to pay mortgage 4 1.6%
    PHH Mortgage Services Corporation Other type of mortgage Trouble during payment process 15 5.9%
    PHH Mortgage Services Corporation Reverse mortgage Trouble during payment process 1 0.4%
    PHH Mortgage Services Corporation VA mortgage Struggling to pay mortgage 3 1.2%
    PHH Mortgage Services Corporation VA mortgage Trouble during payment process 2 0.8%