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 a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Seattle, Portland, Spokane, Bremerton, and Mount Vernon among others. We have data for 23 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 a high 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% | 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
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This is not an official calculator from Penrith Home Loans. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
618Origination Dollar Volume (All Markets)
$300,740,000Top 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) | 339 | $195,395,000 | $576,386 | $9,577 | 4.91% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 84 | $35,900,000 | $427,381 | $6,098 | 4.92% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 96 | $29,140,000 | $303,542 | $6,142 | 4.56% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 42 | $18,090,000 | $430,714 | $8,001 | 4.71% |
| MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) | 9 | $4,095,000 | $455,000 | $6,909 | 5.08% |
| Outside of Metro Areas | 7 | $2,985,000 | $426,429 | $6,248 | 5.23% |
| WENATCHEE, WA (FHA|USDA|VA) | 8 | $2,380,000 | $297,500 | $6,260 | 5.39% |
| BELLINGHAM, WA (FHA|USDA|VA) | 4 | $1,970,000 | $492,500 | $8,725 | 4.75% |
| Oak Harbor, WA (FHA|USDA|VA) | 5 | $1,785,000 | $357,000 | $5,767 | 4.88% |
| LONGVIEW, WA (FHA|USDA|VA) | 4 | $1,500,000 | $375,000 | $6,861 | 5.00% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 3 | $1,495,000 | $498,333 | $17,183 | 5.92% |
| KENNEWICK-RICHLAND, WA (FHA|USDA|VA) | 3 | $1,055,000 | $351,667 | $3,815 | 4.33% |
| Ellensburg, WA (FHA|USDA|VA) | 2 | $790,000 | $395,000 | $9,369 | 5.88% |
| Moses Lake, WA (FHA|USDA|VA) | 2 | $730,000 | $365,000 | $5,158 | 4.63% |
| Shelton, WA (FHA|USDA|VA) | 2 | $680,000 | $340,000 | $6,829 | 3.88% |
| EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) | 1 | $645,000 | $645,000 | $11,795 | 3.63% |
| Moscow, ID (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $3,084 | 4.88% |
| SALEM, OR (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $6,072 | 3.13% |
| Centralia, WA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $7,907 | 5.75% |
| Aberdeen, WA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $4,297 | 5.25% |
| Pullman, WA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 6.99% |
| Outside of Metro Areas | 1 | $235,000 | $235,000 | $3,614 | 5.13% |
| BEND, OR (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $2,432 | 3.50% |
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
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 561 | $273,775,000 | $488,012 | $7,547 | 4.86% |
| VA | 33 | $17,555,000 | $531,970 | $15,014 | 4.83% |
| FHA | 24 | $9,410,000 | $392,083 | $14,390 | 4.81% |
For 2022, Penrith Home Loans's most frequently originated type of loan was Conventional, with 561 originations. Their 2nd most popular type was VA, with 33 originations.
Loan Reason
For 2022, Penrith Home Loans's most frequently cited loan purpose was Home Purchase, with 547 originations. The 2nd most popular reason was Cash Out Refi, with 49 originations.
Loan Duration/Length
For 2022, Penrith Home Loans's most frequently cited loan duration was 30 Year, with 586 originations. The 2nd most popular length was 15 Year, with 19 originations.
Origination Fees/Closing Costs
Penrith Home Loans's average total fees were $8,438, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 224 originations.
Interest Rates
During 2022, Penrith Home Loans's average interest rate for loans was 4.97%, while their most frequently originated rate bucket for loans was 5-6%, with 202 originations.
Loan Sizing
2022 saw Penrith Home Loans place emphasis on $400k-600k loans with 207 originations, totaling $102,105,000 in origination value.
Applicant Income
Penrith Home Loans lent most frequently to those with incomes in the $150k-250k range, with 177 originations. The second most popular income band? $100k-150k, with 163 originations.
Applicant Debt to Income Ratio
Penrith Home Loans lent most frequently to those with DTI ratios of 30-36%, with 104 originations. The next most common DTI ratio? 20-30%, with 96 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.46%
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 origination75.89%
Penrith Home Loans has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 618 | $300,740,000 | $486,634 |