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
  • 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 and Refi loans. Penrith Home Loans has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets by origination volume include: Seattle, Portland, Bremerton, Spokane, and Wenatchee among others. We have data for 25 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.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.52% 12/3/24
    30 Year Conventional Refi 6.74% 12/3/24
    30 Year Cash-out Refi 6.78% 12/3/24
    30 Year FHA Purchase 7.51% 12/3/24
    30 Year VA Purchase 6.00% 12/3/24
    15 Year Conventional Purchase 6.16% 12/3/24
    15 Year Conventional Refi 6.29% 12/3/24
    15 Year Cash-out Refi 6.29% 12/3/24
    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

    2,307

    Origination Dollar Volume (All Markets)

    $923,495,000

    Awards

    PENRITH HOME LOANS 30 Year Conventional Loans silver PENRITH HOME LOANS 30 Year Conventional Loans silver PENRITH HOME LOANS FHA Loans bronze
    Show all (3) 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) 1,424 $655,420,000 $460,267 $5,891 3.10%
    PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 301 $99,515,000 $330,615 $5,504 3.06%
    BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 193 $63,265,000 $327,798 $5,598 3.00%
    SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 233 $55,295,000 $237,318 $4,871 2.99%
    WENATCHEE, WA (FHA|USDA|VA) 17 $6,075,000 $357,353 $5,212 3.19%
    Oak Harbor, WA (FHA|USDA|VA) 15 $5,585,000 $372,333 $5,490 2.99%
    OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 19 $5,585,000 $293,947 $5,518 2.97%
    Outside of Metro Areas 16 $5,320,000 $332,500 $4,868 3.10%
    LONGVIEW, WA (FHA|USDA|VA) 14 $4,830,000 $345,000 $7,410 2.87%
    MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) 13 $4,675,000 $359,615 $5,972 2.85%
    BELLINGHAM, WA (FHA|USDA|VA) 12 $4,340,000 $361,667 $4,148 2.97%
    Ellensburg, WA (FHA|USDA|VA) 9 $3,265,000 $362,778 $4,910 3.21%
    Shelton, WA (FHA|USDA|VA) 10 $2,600,000 $260,000 $5,351 2.84%
    KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 7 $2,095,000 $299,286 $4,641 3.00%
    BEND, OR (FHA|USDA|VA) 3 $1,085,000 $361,667 $4,615 3.04%
    CORVALLIS, OR (FHA|USDA|VA) 2 $860,000 $430,000 $5,719 3.00%
    Moses Lake, WA (FHA|USDA|VA) 3 $715,000 $238,333 $4,037 3.08%
    Centralia, WA (FHA|USDA|VA) 3 $635,000 $211,667 $3,457 3.33%
    Port Angeles, WA (FHA|USDA|VA) 3 $515,000 $171,667 $2,500 2.50%
    The Dalles, OR (FHA|USDA|VA) 1 $395,000 $395,000 $5,057 2.88%
    YAKIMA, WA (FHA|USDA|VA) 2 $390,000 $195,000 $4,842 2.56%
    Pullman, WA (FHA|USDA|VA) 2 $370,000 $185,000 $6,700 2.94%
    WALLA WALLA, WA (FHA|USDA|VA) 2 $300,000 $150,000 $2,805 3.31%
    EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 2 $270,000 $135,000 $4,833 3.00%
    MEDFORD, OR (FHA|USDA|VA) 1 $95,000 $95,000 $3,169 3.38%
    Penrith Home Loans's top markets include Seattle, Portland, Bremerton, Spokane, and Wenatchee among others.

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

    SPOKANE FIREFIGHTERS CREDIT UNION
    Similarity Rank: 231
    TRISTAR FINANCE, INC.
    Similarity Rank: 378
    People's Community Federal Credit Union
    Similarity Rank: 434
    CASTPARTS EMPLOYEES
    Similarity Rank: 524
    OREGONIANS CREDIT UNION
    Similarity Rank: 948
    LOANSNAP, INC.
    Similarity Rank: 1106
    Potlatch No. 1 Financial Credit Union
    Similarity Rank: 1232
    Pacific NW Federal Credit Union
    Similarity Rank: 1344
    Yakima Federal Savings and Loan Association
    Similarity Rank: 1565
    Wauna Federal Credit Union
    Similarity Rank: 1644

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 2,112 $852,020,000 $403,419 $5,235 3.06%
    VA 101 $40,305,000 $399,059 $9,714 2.92%
    FHA 86 $29,700,000 $345,349 $11,410 3.10%
    HELOC 6 $910,000 $151,667 n/a 5.76%
    USDA 2 $560,000 $280,000 $7,680 3.31%

    For 2020, Penrith Home Loans's most frequently originated type of loan was Conventional, with 2,112 originations. Their 2nd most popular type was VA, with 101 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,009 $447,295,000 $443,305 $6,675 3.01%
    Refi 927 $347,495,000 $374,860 $4,624 3.03%
    Cash Out Refi 296 $103,720,000 $350,405 $5,518 3.24%
    Home Improvement 42 $13,640,000 $324,762 $5,993 3.15%
    Other 33 $11,345,000 $343,788 $5,731 3.87%

    For 2020, Penrith Home Loans's most frequently cited loan purpose was Home Purchase, with 1,009 originations. The 2nd most popular reason was Refi, with 927 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,919 $818,425,000 $426,485 $6,076 3.18%
    15 Year 259 $75,365,000 $290,985 $3,799 2.64%
    20 Year 71 $22,215,000 $312,887 $3,941 2.90%
    Other 55 $6,545,000 $119,000 $1,689 1.43%
    10 Year 3 $945,000 $315,000 $3,924 2.46%

    For 2020, Penrith Home Loans's most frequently cited loan duration was 30 Year, with 1,919 originations. The 2nd most popular length was 15 Year, with 259 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 922 $363,700,000 $394,469
    $2k-3k 401 $135,795,000 $338,641
    $5k+ 353 $205,195,000 $581,289
    $3k-4k 292 $106,620,000 $365,137
    $4k-5k 186 $77,730,000 $417,903
    $<1k 103 $20,395,000 $198,010

    Penrith Home Loans's average total fees were $6,076, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 922 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 1,020 $420,680,000 $412,431
    2.5-3% 956 $394,540,000 $412,699
    <2.5% 271 $85,625,000 $315,959
    4-5% 51 $20,845,000 $408,725
    5-6% 7 $1,665,000 $237,857
    6-7% 2 $140,000 $70,000

    During 2020, Penrith Home Loans's average interest rate for loans was 3.18%, while their most frequently originated rate bucket for loans was 3-4%, with 1,020 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 1,032 $310,590,000 $300,959 $4,982 3.10%
    $400k-600k 668 $322,660,000 $483,024 $6,195 3.11%
    $600k-1MM 294 $210,970,000 $717,585 $8,532 3.09%
    $100k-200k 221 $35,885,000 $162,376 $3,574 3.14%
    $100,000 or less 60 $2,390,000 $39,833 $1,407 1.42%
    $1MM+ 32 $41,000,000 $1,281,250 $10,497 3.38%

    2020 saw Penrith Home Loans place emphasis on $200k-400k loans with 1,032 originations, totaling $310,590,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 633 $259,215,000 $409,502 $5,633 3.08%
    $150k-250k 541 $269,985,000 $499,048 $6,083 3.08%
    $75k-100k 410 $136,610,000 $333,195 $5,545 3.04%
    $50k-75k 375 $99,995,000 $266,653 $4,902 3.02%
    $250k+ 191 $126,295,000 $661,230 $7,537 3.18%
    $50k or less 146 $26,600,000 $182,192 $4,223 2.99%

    Penrith Home Loans lent most frequently to those with incomes in the $100k-150k range, with 633 originations. The second most popular income band? $150k-250k, with 541 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 521 $211,805,000 $406,536 $5,250 3.00%
    30-36% 432 $189,930,000 $439,653 $5,547 3.11%
    <20% 168 $57,270,000 $340,893 $4,390 2.97%
    44% 116 $42,170,000 $363,534 $5,779 3.14%
    49% 101 $40,655,000 $402,525 $6,424 3.06%
    43% 100 $38,160,000 $381,600 $5,986 3.02%
    42% 96 $39,400,000 $410,417 $6,436 3.14%
    41% 93 $35,525,000 $381,989 $5,802 3.10%
    40% 90 $37,350,000 $415,000 $5,979 3.06%
    38% 88 $36,690,000 $416,932 $5,599 3.01%
    39% 82 $33,160,000 $404,390 $6,238 3.14%
    45% 78 $26,760,000 $343,077 $5,366 3.07%
    37% 77 $30,395,000 $394,740 $5,895 3.09%
    36% 70 $28,480,000 $406,857 $6,285 3.16%
    48% 69 $28,365,000 $411,087 $6,387 3.12%
    46% 57 $23,525,000 $412,719 $5,950 3.18%
    47% 46 $15,710,000 $341,522 $6,565 3.04%
    50-60% 20 $6,790,000 $339,500 $10,279 2.78%
    >60% 1 $205,000 $205,000 $2,889 3.25%

    Penrith Home Loans lent most frequently to those with DTI ratios of 20-30%, with 521 originations. The next most common DTI ratio? 30-36%, with 432 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,809 $704,605,000 $389,500 $5,568 3.06%
    Not provided 324 $138,300,000 $426,852 $5,845 3.08%
    Asian 116 $58,320,000 $502,759 $6,466 3.08%
    Black 27 $9,385,000 $347,593 $6,576 2.98%
    American Indian 22 $9,130,000 $415,000 $6,600 3.00%
    Native Hawaiian or Islander 4 $1,640,000 $410,000 $3,450 3.41%
    Other Asian 3 $1,205,000 $401,667 $3,818 3.04%
    Chinese 1 $595,000 $595,000 $5,525 3.13%
    Filipino 1 $315,000 $315,000 $10,463 2.75%

    Approval Rates

    Total approvals of all applications
    96.74%

    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
    79.58%

    Penrith Home Loans has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 2,307 $923,495,000 $400,301

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 24 $6,870,000 $286,250
    Single Family (1-4 Units):Site-Built 2,283 $916,625,000 $401,500

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 195 $51,115,000 $262,128 $3,789 2.90%
    40-60% 510 $188,440,000 $369,490 $4,501 2.99%
    60-80% 842 $366,430,000 $435,190 $5,845 3.19%
    80-100% 674 $302,140,000 $448,279 $6,777 3.16%
    Over 100% 26 $10,230,000 $393,462 $15,446 2.96%
    Under 20% 60 $5,140,000 $85,667 $1,657 1.39%