Sammamish Mortgage Company Rates, Fees & Info
FALL CITY, WALEI: 5493009HUMWCHFRDKF12
Tax ID: 91-1569077
2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Overview
Sammamish Mortgage Company is a smaller mortgage company specializing in Refi and Home Purchase loans. Sammamish Mortgage Company has a high proportion of conventional loans. Their top markets include Seattle, Portland, Bremerton, Boise City, and Olympia among others. Sammamish Mortgage Company has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Sammamish Mortgage Company is typically an average fee lendor.Originations
1,153Origination Dollar Volume (All Markets)
$473,875,000Awards
SAMMAMISH MORTGAGE COMPANY - 2021
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For 2021, less than of lenders were eligible for this award.
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Relative Rate
Sammamish Mortgage Company's average 30 year fixed rate mortgage of loans were
2.95%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of -0.2%.
Relative Fees
Sammamish Mortgage Company's average total fees for a 30 year fixed rate
mortgage are $4,630.
The average total origination fees for 30 year fixed rate mortgages (for all loan values, including
both points & up-front fees in addition to origination fees) are $4,750.
Top Markets
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 832 | $363,140,000 | $436,466 | $4,488 | 2.84% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 94 | $32,930,000 | $350,319 | $4,442 | 2.87% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 31 | $11,335,000 | $365,645 | $4,838 | 2.88% |
| BOISE CITY, ID (FHA|USDA|VA) | 23 | $8,515,000 | $370,217 | $5,998 | 2.92% |
| Outside of Metro Areas | 15 | $6,225,000 | $415,000 | $5,282 | 2.83% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 16 | $4,670,000 | $291,875 | $3,492 | 2.82% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 9 | $4,415,000 | $490,556 | $5,139 | 2.72% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 13 | $3,885,000 | $298,846 | $3,488 | 3.04% |
| BELLINGHAM, WA (FHA|USDA|VA) | 13 | $3,755,000 | $288,846 | $2,539 | 3.27% |
| BEND, OR (FHA|USDA|VA) | 11 | $3,245,000 | $295,000 | $3,605 | 2.87% |
| WENATCHEE, WA (FHA|USDA|VA) | 8 | $2,930,000 | $366,250 | $6,226 | 3.09% |
| Outside of Metro Areas | 8 | $2,810,000 | $351,250 | $3,346 | 2.76% |
| EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) | 8 | $2,710,000 | $338,750 | $2,939 | 2.89% |
| Oak Harbor, WA (FHA|USDA|VA) | 9 | $2,625,000 | $291,667 | $3,444 | 3.00% |
| MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) | 6 | $2,520,000 | $420,000 | $3,759 | 2.88% |
| KENNEWICK-RICHLAND, WA (FHA|USDA|VA) | 7 | $2,455,000 | $350,714 | $6,539 | 2.80% |
| YAKIMA, WA (FHA|USDA|VA) | 5 | $1,725,000 | $345,000 | $3,574 | 2.95% |
| Shelton, WA (FHA|USDA|VA) | 5 | $1,505,000 | $301,000 | $3,679 | 2.85% |
| SALEM, OR (FHA|USDA|VA) | 4 | $1,130,000 | $282,500 | $4,871 | 2.81% |
| Ellensburg, WA (FHA|USDA|VA) | 2 | $1,000,000 | $500,000 | $2,771 | 3.06% |
| Port Angeles, WA (FHA|USDA|VA) | 3 | $895,000 | $298,333 | $5,718 | 2.67% |
| Aberdeen, WA (FHA|USDA|VA) | 4 | $870,000 | $217,500 | $3,802 | 3.50% |
| Roseburg, OR (FHA|USDA|VA) | 3 | $845,000 | $281,667 | $3,529 | 3.08% |
| Newport, OR (FHA|USDA|VA) | 2 | $780,000 | $390,000 | $3,046 | 2.62% |
| Brookings, OR (FHA|USDA|VA) | 2 | $750,000 | $375,000 | $5,797 | 2.88% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 3 | $735,000 | $245,000 | $3,219 | 3.12% |
| Hermiston-Pendleton, OR (FHA|USDA|VA) | 2 | $650,000 | $325,000 | $3,715 | 2.50% |
| Astoria, OR (FHA|USDA|VA) | 3 | $615,000 | $205,000 | $7,157 | 2.63% |
| GRAND JUNCTION, CO (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $5,266 | 2.31% |
| Edwards, CO (FHA|USDA|VA) | 1 | $565,000 | $565,000 | $5,569 | 2.88% |
| LONGVIEW, WA (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $2,379 | 2.99% |
| FORT COLLINS, CO (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $2,995 | 2.88% |
| MEDFORD, OR (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $2,992 | 3.31% |
| CORVALLIS, OR (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $2,512 | 2.88% |
| Pullman, WA (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $3,298 | 3.12% |
| Moscow, ID (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $17,218 | 2.25% |
| GRANTS PASS, OR (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $1,672 | 3.50% |
Sammamish Mortgage Company's top markets include Seattle, Portland, Bremerton, Boise City, and Olympia among others.
Product Mix
| Loan Type | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Conventional | 1,129 | $462,645,000 | $409,783 | $4,394 | 2.87% |
| VA | 24 | $11,230,000 | $467,917 | $8,045 | 2.47% |
For the 2021 period, Sammamish Mortgage Company's most frequently originated loan type of loans were Conventional, with 1,129 originations. Their 2nd most popular type is VA, with 24 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Refi | 749 | $286,925,000 | $383,077 | $3,962 | 2.82% |
| Home Purchase | 266 | $132,330,000 | $497,481 | $5,747 | 2.92% |
| Home Improvement | 138 | $54,620,000 | $395,797 | $4,772 | 2.91% |
For the 2021, Sammamish Mortgage Company's most frequently cited loan purpose of loans were Refi, with 749 originations. The 2nd most popular reason of loans were Home Purchase, with 266 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 911 | $388,485,000 | $426,438 | $4,630 | 2.95% |
| 15 Year | 151 | $54,175,000 | $358,775 | $4,041 | 2.41% |
| 20 Year | 59 | $21,145,000 | $358,390 | $3,954 | 2.73% |
| 10 Year | 20 | $5,420,000 | $271,000 | $2,991 | 2.21% |
| Other | 12 | $4,650,000 | $387,500 | $2,753 | 2.94% |
For the 2021, Sammamish Mortgage Company's most frequently cited loan length of loans were 30 Year, with 911 originations. The 2nd most popular length of loans were 15 Year, with 151 originations.
Origination Fees
| Origination Fee | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 692 | $277,900,000 | $401,590 |
| $5k+ | 195 | $94,385,000 | $484,026 |
| $3k-4k | 119 | $45,685,000 | $383,908 |
| $1k-2k | 79 | $28,895,000 | $365,759 |
| $2k-3k | 68 | $27,010,000 | $397,206 |
$4,630 of loans were Sammamish Mortgage Company's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 692 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 671 | $283,015,000 | $421,781 |
| 3-4% | 262 | $104,920,000 | $400,458 |
| <2.5% | 218 | $85,300,000 | $391,284 |
| 4-5% | 2 | $640,000 | $320,000 |
During 2021, Sammamish Mortgage Company's average interest rate of loans were 2.95%, while their most frequently originated rate bucket of loans were 2.5-3%, with 671 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $200k-400k | 507 | $152,445,000 | $300,680 | $3,816 | 2.86% |
| $400k-600k | 397 | $192,265,000 | $484,295 | $4,270 | 2.82% |
| $600k-1MM | 151 | $106,695,000 | $706,589 | $7,557 | 2.87% |
| $100k-200k | 92 | $14,990,000 | $162,935 | $3,254 | 2.97% |
| $1MM+ | 5 | $7,385,000 | $1,477,000 | $15,933 | 3.15% |
| $100,000 or less | 1 | $95,000 | $95,000 | $4,215 | 3.49% |
2021 saw Sammamish Mortgage Company place emphasis on $200k-400k loans with 507 originations, totaling $152,445,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $150k-250k | 388 | $177,360,000 | $457,113 | $4,590 | 2.86% |
| $100k-150k | 313 | $124,575,000 | $398,003 | $4,305 | 2.86% |
| $75k-100k | 156 | $52,760,000 | $338,205 | $3,942 | 2.88% |
| $250k+ | 137 | $75,195,000 | $548,869 | $5,936 | 2.83% |
| $50k-75k | 124 | $33,990,000 | $274,113 | $3,632 | 2.84% |
| $50k or less | 30 | $8,110,000 | $270,333 | $4,270 | 2.90% |
Sammamish Mortgage Company lent most frequently to those with incomes in the $150k-250k range, with 388 originations. The second most popular income band? $100k-150k, with 313 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-30% | 339 | $139,815,000 | $412,434 | $4,356 | 2.83% |
| 30-36% | 211 | $87,115,000 | $412,867 | $4,291 | 2.87% |
| <20% | 158 | $61,360,000 | $388,354 | $4,298 | 2.78% |
| 36% | 40 | $17,590,000 | $439,750 | $4,814 | 2.87% |
| 43% | 40 | $17,520,000 | $438,000 | $4,475 | 2.99% |
| 39% | 39 | $15,275,000 | $391,667 | $5,275 | 3.06% |
| 37% | 35 | $14,925,000 | $426,429 | $5,474 | 2.89% |
| 49% | 34 | $12,560,000 | $369,412 | $4,700 | 2.85% |
| 41% | 34 | $14,330,000 | $421,471 | $5,370 | 2.73% |
| 42% | 31 | $13,155,000 | $424,355 | $4,979 | 2.88% |
| 47% | 31 | $11,515,000 | $371,452 | $3,696 | 2.95% |
| 45% | 29 | $12,885,000 | $444,310 | $4,642 | 2.84% |
| 48% | 28 | $11,630,000 | $415,357 | $3,301 | 2.89% |
| 38% | 28 | $12,040,000 | $430,000 | $3,632 | 2.87% |
| 40% | 25 | $9,575,000 | $383,000 | $4,597 | 2.90% |
| 44% | 23 | $9,605,000 | $417,609 | $3,288 | 3.03% |
| 46% | 19 | $8,745,000 | $460,263 | $6,319 | 2.90% |
| >60% | 7 | $3,505,000 | $500,714 | $7,830 | 2.52% |
| 50-60% | 2 | $730,000 | $365,000 | $9,292 | 3.06% |
Sammamish Mortgage Company lent most frequently to those with DTI ratios of 20-30%, with 339 originations. The next most common DTI ratio? 30-36%, with 211 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 772 | $314,750,000 | $407,707 | $4,487 | 2.85% |
| Not provided | 180 | $70,640,000 | $392,444 | $4,360 | 2.89% |
| Asian | 134 | $60,890,000 | $454,403 | $4,468 | 2.89% |
| American Indian | 13 | $6,495,000 | $499,615 | $4,824 | 2.91% |
| Asian Indian | 13 | $4,785,000 | $368,077 | $3,573 | 2.85% |
| Black | 11 | $4,355,000 | $395,909 | $4,578 | 2.90% |
| Filipino | 8 | $2,940,000 | $367,500 | $5,004 | 2.75% |
| Chinese | 5 | $2,755,000 | $551,000 | $4,897 | 2.85% |
| Vietnamese | 6 | $2,000,000 | $333,333 | $5,052 | 2.77% |
| Other Asian | 4 | $1,930,000 | $482,500 | $7,746 | 2.75% |
| Native Hawaiian | 3 | $1,485,000 | $495,000 | $3,340 | 2.79% |
| Japanese | 3 | $445,000 | $148,333 | $2,464 | 2.92% |
| Korean | 1 | $405,000 | $405,000 | $3,647 | 2.87% |
Approval Rates
Total approvals of all applications97.16%
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 origination74.02%
Sammamish Mortgage Company has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 1,153 | $473,875,000 | $410,993 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 1,153 | $473,875,000 | $410,993 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-40% | 209 | $63,575,000 | $304,187 | $3,417 | 2.79% |
| 40-60% | 470 | $186,660,000 | $397,149 | $3,719 | 2.82% |
| 60-80% | 316 | $146,190,000 | $462,627 | $5,591 | 2.95% |
| 80-100% | 139 | $71,975,000 | $517,806 | $6,027 | 2.87% |
| Over 100% | 2 | $1,230,000 | $615,000 | $15,625 | 2.75% |
| Under 20% | 17 | $4,245,000 | $249,706 | $3,323 | 2.84% |
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| SIMMONS FIRST NATIONAL CORPORATION | Conventional home mortgage | Closing on a mortgage | 1 | 20.0% |
| SIMMONS FIRST NATIONAL CORPORATION | Conventional home mortgage | Trouble during payment process | 2 | 40.0% |
| SIMMONS FIRST NATIONAL CORPORATION | Other type of mortgage | Applying for a mortgage or refinancing an existing mortgage | 2 | 40.0% |
