Sammamish Mortgage Company Rates, Fees & Info

FALL CITY, WA

LEI: 5493009HUMWCHFRDKF12

Tax ID: 91-1569077

5 stars - Updated: 6/22/25 - out of 5 stars, based on 29 reviews

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Relative Rates
  • Relative Fees
  • 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

    Sammamish Mortgage Company is a smaller mortgage company specializing in Home Purchase loans. Sammamish Mortgage Company has a high proportion of conventional loans. Their top markets by origination volume include: Seattle, Portland, Bremerton, Bellingham, and Wenatchee among others. We have data for 43 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Sammamish Mortgage Company 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. Sammamish Mortgage Company is typically a low 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 6.72% 6/22/25
    30 Year Conventional Refi 6.83% 6/22/25
    30 Year VA Purchase 6.20% 6/22/25
    30 Year VA Refi 5.86% 6/22/25
    15 Year Conventional Purchase 5.92% 6/22/25
    15 Year Conventional Refi 5.82% 6/22/25
    15 Year Cash-out Refi 5.82% 6/22/25
    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.

    Sammamish Mortgage Company Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from Sammamish Mortgage Company. 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

    842

    Origination Dollar Volume (All Markets)

    $478,290,000
    Show all (7) awards

    Relative Rate

    Sammamish Mortgage Company's average 30 year fixed mortgage rate was 6.48%.

    The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.

    This yields a difference of -0.07%.

    Relative Fees (Closing Costs)

    Sammamish Mortgage Company's average total fees/closing costs for a 30 year fixed rate mortgage were $6,052.

    The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $8,356.

    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) 550 $347,800,000 $632,364 $6,248 6.47%
    PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 98 $46,560,000 $475,102 $5,745 6.28%
    BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 30 $13,110,000 $437,000 $7,245 6.38%
    BELLINGHAM, WA (FHA|USDA|VA) 12 $6,340,000 $528,333 $5,499 6.48%
    WENATCHEE, WA (FHA|USDA|VA) 10 $5,960,000 $596,000 $5,337 6.33%
    SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 14 $5,010,000 $357,857 $3,986 6.51%
    OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 11 $4,815,000 $437,727 $6,124 6.24%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 5 $4,185,000 $837,000 $11,045 6.35%
    BEND, OR (FHA|USDA|VA) 9 $3,945,000 $438,333 $4,030 6.31%
    Outside of Metro Areas 11 $3,755,000 $341,364 $3,515 6.43%
    Oak Harbor, WA (FHA|USDA|VA) 6 $2,840,000 $473,333 $5,556 6.75%
    Aberdeen, WA (FHA|USDA|VA) 6 $2,650,000 $441,667 $5,764 6.81%
    Shelton, WA (FHA|USDA|VA) 6 $2,600,000 $433,333 $7,264 6.48%
    Sandpoint, ID (FHA|USDA|VA) 7 $2,595,000 $370,714 $4,773 6.73%
    MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) 5 $2,065,000 $413,000 $6,807 6.10%
    BOISE CITY, ID (FHA|USDA|VA) 4 $2,040,000 $510,000 $4,774 6.47%
    Port Angeles, WA (FHA|USDA|VA) 6 $2,010,000 $335,000 $3,626 7.00%
    KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 4 $1,970,000 $492,500 $3,825 6.66%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 3 $1,625,000 $541,667 $6,634 6.08%
    MEDFORD, OR (FHA|USDA|VA) 4 $1,460,000 $365,000 $4,737 6.47%
    Centralia, WA (FHA|USDA|VA) 3 $1,315,000 $438,333 $7,521 7.08%
    Ellensburg, WA (FHA|USDA|VA) 3 $1,295,000 $431,667 $8,516 6.79%
    WALLA WALLA, WA (FHA|USDA|VA) 4 $1,180,000 $295,000 $3,001 6.56%
    EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 3 $1,155,000 $385,000 $2,847 6.67%
    GREELEY, CO (FHA|USDA|VA) 2 $1,090,000 $545,000 $12,280 6.63%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 2 $1,080,000 $540,000 $5,525 6.69%
    YAKIMA, WA (FHA|USDA|VA) 3 $945,000 $315,000 $4,840 6.63%
    Newport, OR (FHA|USDA|VA) 2 $840,000 $420,000 $5,060 7.06%
    IDAHO FALLS, ID (FHA|USDA|VA) 2 $730,000 $365,000 $4,004 6.63%
    Moses Lake, WA (FHA|USDA|VA) 2 $600,000 $300,000 $2,948 7.06%
    SALEM, OR (FHA|USDA|VA) 2 $530,000 $265,000 $3,752 6.25%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 1 $485,000 $485,000 $3,312 6.13%
    SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 1 $435,000 $435,000 $5,216 6.00%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $435,000 $435,000 $8,051 5.75%
    Coos Bay, OR (FHA|USDA|VA) 2 $400,000 $200,000 $2,538 6.31%
    Roseburg, OR (FHA|USDA|VA) 1 $365,000 $365,000 $11,560 6.50%
    Astoria, OR (FHA|USDA|VA) 1 $365,000 $365,000 $10,462 6.38%
    SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 1 $355,000 $355,000 $1,714 6.13%
    Brookings, OR (FHA|USDA|VA) 1 $305,000 $305,000 $5,404 6.63%
    LEWISTON, ID-WA (FHA|USDA|VA) 1 $305,000 $305,000 $4,797 6.88%
    ALBANY-LEBANON, OR (FHA|USDA|VA) 1 $305,000 $305,000 $5,310 6.88%
    CORVALLIS, OR (FHA|USDA|VA) 1 $255,000 $255,000 $2,443 6.25%
    Klamath Falls, OR (FHA|USDA|VA) 1 $185,000 $185,000 $2,173 6.38%
    Sammamish Mortgage Company's top markets include Seattle, Portland, Bremerton, Bellingham, and Wenatchee among others.

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

    • Similar Lenders

    We use machine learning to identify the top lenders compared against SAMMAMISH MORTGAGE COMPANY based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Olympia Federal Savings & Loan Association
    Similarity Rank: 56
    CAPITAL EDUCATORS FEDERAL CREDIT UNION
    Similarity Rank: 253
    Yakima Federal Savings and Loan Association
    Similarity Rank: 294
    KITSAP Credit Union
    Similarity Rank: 380
    INROADS
    Similarity Rank: 552
    Clackamas Federal Credit Union
    Similarity Rank: 558
    First Federal Savings Bank of Twin Falls
    Similarity Rank: 688
    SOUND
    Similarity Rank: 774
    Bank of the Pacific
    Similarity Rank: 777
    O BEE
    Similarity Rank: 833

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 802 $455,170,000 $567,544 $5,816 6.48%
    VA 40 $23,120,000 $578,000 $10,382 5.97%

    For 2024, Sammamish Mortgage Company's most frequently originated type of loan was Conventional, with 802 originations. Their 2nd most popular type was VA, with 40 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 720 $410,280,000 $569,833 $6,266 6.47%
    Refi 112 $63,920,000 $570,714 $4,510 6.30%
    Home Improvement 10 $4,090,000 $409,000 $6,258 6.44%

    For 2024, Sammamish Mortgage Company's most frequently cited loan purpose was Home Purchase, with 720 originations. The 2nd most popular reason was Refi, with 112 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 799 $458,635,000 $574,011 $6,052 6.48%
    15 Year 30 $13,720,000 $457,333 $5,105 5.81%
    20 Year 13 $5,935,000 $456,538 $6,954 5.97%

    For 2024, Sammamish Mortgage Company's most frequently cited loan duration was 30 Year, with 799 originations. The 2nd most popular length was 15 Year, with 30 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 514 $298,890,000 $581,498
    $5k+ 167 $97,775,000 $585,479
    $1k-2k 67 $33,815,000 $504,701
    $3k-4k 38 $20,590,000 $541,842
    $2k-3k 37 $17,755,000 $479,865
    $4k-5k 19 $9,465,000 $498,158

    Sammamish Mortgage Company's average total fees were $6,052, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 514 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 546 $311,100,000 $569,780
    5-6% 190 $103,510,000 $544,789
    7-8% 97 $60,185,000 $620,464
    4-5% 6 $2,240,000 $373,333
    Over 8% 3 $1,255,000 $418,333

    During 2024, Sammamish Mortgage Company's average interest rate for loans was 6.48%, while their most frequently originated rate bucket for loans was 6-7%, with 546 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $400k-600k 326 $162,200,000 $497,546 $6,047 6.40%
    $600k-1MM 308 $229,510,000 $745,162 $6,683 6.46%
    $200k-400k 171 $54,485,000 $318,626 $4,826 6.48%
    $1MM+ 21 $29,635,000 $1,411,190 $7,850 6.84%
    $100k-200k 15 $2,375,000 $158,333 $3,770 6.51%
    $100,000 or less 1 $85,000 $85,000 $3,148 6.50%

    2024 saw Sammamish Mortgage Company place emphasis on $400k-600k loans with 326 originations, totaling $162,200,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 363 $209,285,000 $576,543 $5,772 6.46%
    $250k+ 228 $163,880,000 $718,772 $6,822 6.54%
    $100k-150k 168 $76,870,000 $457,560 $5,746 6.38%
    $75k-100k 60 $21,860,000 $364,333 $5,803 6.31%
    $50k-75k 18 $4,930,000 $273,889 $5,591 6.25%
    $50k or less 5 $1,465,000 $293,000 $2,932 6.50%

    Sammamish Mortgage Company lent most frequently to those with incomes in the $150k-250k range, with 363 originations. The second most popular income band? $250k+, with 228 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 187 $100,775,000 $538,904 $5,772 6.41%
    30-36% 142 $83,120,000 $585,352 $5,833 6.40%
    <20% 50 $22,610,000 $452,200 $4,905 6.35%
    49% 41 $26,315,000 $641,829 $5,874 6.40%
    41% 38 $20,710,000 $545,000 $6,357 6.66%
    48% 37 $21,115,000 $570,676 $6,536 6.53%
    43% 36 $21,500,000 $597,222 $5,850 6.47%
    39% 35 $22,125,000 $632,143 $6,747 6.56%
    37% 35 $19,475,000 $556,429 $6,557 6.54%
    42% 33 $19,495,000 $590,758 $6,763 6.42%
    40% 33 $20,475,000 $620,455 $5,616 6.42%
    47% 32 $17,410,000 $544,063 $6,191 6.52%
    44% 31 $16,415,000 $529,516 $7,280 6.44%
    46% 27 $15,825,000 $586,111 $6,317 6.60%
    38% 25 $16,025,000 $641,000 $5,248 6.50%
    45% 25 $13,345,000 $533,800 $5,590 6.52%
    36% 24 $14,150,000 $589,583 $5,739 6.51%
    50-60% 10 $6,920,000 $692,000 $11,273 6.04%
    >60% 1 $485,000 $485,000 $1,817 6.25%

    Sammamish Mortgage Company lent most frequently to those with DTI ratios of 20-30%, with 187 originations. The next most common DTI ratio? 30-36%, with 142 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 481 $264,285,000 $549,449 $5,887 6.42%
    Asian 184 $117,020,000 $635,978 $6,528 6.54%
    Not provided 152 $85,040,000 $559,474 $5,899 6.42%
    Black 11 $5,765,000 $524,091 $7,152 6.55%
    Asian Indian 6 $3,220,000 $536,667 $5,245 6.58%
    American Indian 6 $2,230,000 $371,667 $5,155 6.65%
    Native Hawaiian or Islander 2 $730,000 $365,000 $4,567 5.94%

    Approval Rates

    Total approvals of all applications
    97.54%

    Sammamish Mortgage Company 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
    65.68%

    Sammamish Mortgage Company has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 842 $478,290,000 $568,040

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    842 $478,290,000 $568,040

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 47 $16,595,000 $353,085 $4,207 6.39%
    40-60% 108 $55,620,000 $515,000 $5,321 6.27%
    60-80% 410 $246,320,000 $600,780 $6,043 6.48%
    80-100% 261 $151,305,000 $579,713 $6,347 6.49%
    Over 100% 9 $5,435,000 $603,889 $16,742 6.26%
    Under 20% 7 $3,015,000 $430,714 $3,154 6.68%