Sammamish Mortgage Company Rates, Fees & Info

FALL CITY, WA

LEI: 5493009HUMWCHFRDKF12

Tax ID: 91-1569077

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Mortgage Data

Review & Overview

Sammamish Mortgage Company is a smaller mortgage company specializing in Home Purchase and Refi loans. Sammamish Mortgage Company has a high proportion of conventional loans. Their top markets by origination volume include: Seattle, Portland, Bremerton, Olympia, and Bellingham among others. We have data for 28 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 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 6.30% 3/28/24
30 Year Conventional Refi 6.35% 3/28/24
30 Year VA Purchase 5.52% 3/28/24
30 Year VA Refi 5.79% 3/28/24
15 Year Conventional Purchase 5.73% 3/28/24
15 Year Conventional Refi 6.12% 3/28/24
15 Year Cash-out Refi 6.12% 3/28/24
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.

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

270

Origination Dollar Volume (All Markets)

$95,330,000

Awards

SAMMAMISH MORTGAGE COMPANY 30 Year Conventional Loans bronze SAMMAMISH MORTGAGE COMPANY 30 Year Conventional Loans gold
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) 173 $68,575,000 $396,387 $5,167 4.48%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 26 $7,580,000 $291,538 $4,460 4.59%
BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 12 $3,890,000 $324,167 $3,837 4.44%
OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 10 $2,600,000 $260,000 $5,745 4.46%
BELLINGHAM, WA (FHA|USDA|VA) 8 $2,420,000 $302,500 $3,358 4.59%
SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 7 $2,125,000 $303,571 $3,079 4.23%
WENATCHEE, WA (FHA|USDA|VA) 3 $915,000 $305,000 $3,723 4.42%
BOISE CITY, ID (FHA|USDA|VA) 4 $820,000 $205,000 $4,843 4.37%
EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 2 $640,000 $320,000 $3,332 4.63%
BEND, OR (FHA|USDA|VA) 2 $580,000 $290,000 $4,819 4.19%
Aberdeen, WA (FHA|USDA|VA) 2 $500,000 $250,000 $8,962 3.94%
Outside of Metro Areas 2 $470,000 $235,000 $3,002 4.56%
Astoria, OR (FHA|USDA|VA) 2 $460,000 $230,000 $3,097 4.19%
SALEM, OR (FHA|USDA|VA) 2 $460,000 $230,000 $2,974 4.81%
YAKIMA, WA (FHA|USDA|VA) 1 $385,000 $385,000 $4,387 5.75%
Centralia, WA (FHA|USDA|VA) 2 $380,000 $190,000 $3,782 4.75%
Ellensburg, WA (FHA|USDA|VA) 1 $325,000 $325,000 $3,496 4.75%
MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) 1 $285,000 $285,000 $2,952 4.75%
Shelton, WA (FHA|USDA|VA) 1 $265,000 $265,000 $6,330 3.75%
MEDFORD, OR (FHA|USDA|VA) 1 $215,000 $215,000 $3,329 4.63%
WALLA WALLA, WA (FHA|USDA|VA) 1 $205,000 $205,000 $3,137 3.75%
Oak Harbor, WA (FHA|USDA|VA) 1 $205,000 $205,000 $2,658 4.25%
KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 1 $205,000 $205,000 $7,484 4.00%
Roseburg, OR (FHA|USDA|VA) 1 $195,000 $195,000 $3,468 4.63%
Port Angeles, WA (FHA|USDA|VA) 1 $195,000 $195,000 $3,052 4.25%
Coos Bay, OR (FHA|USDA|VA) 1 $165,000 $165,000 $3,598 4.50%
Burley, ID (FHA|USDA|VA) 1 $145,000 $145,000 $3,018 5.25%
Moses Lake, WA (FHA|USDA|VA) 1 $125,000 $125,000 $2,849 5.75%
Sammamish Mortgage Company's top markets include Seattle, Portland, Bremerton, Olympia, and Bellingham among others.

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

    KITSAP Credit Union
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 262 $92,130,000 $351,641 $4,730 4.50%
    VA 8 $3,200,000 $400,000 $7,827 4.02%

    For 2018, Sammamish Mortgage Company's most frequently originated type of loan was Conventional, with 262 originations. Their 2nd most popular type was VA, with 8 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 140 $52,160,000 $372,571 $5,470 4.50%
    Refi 123 $40,545,000 $329,634 $4,028 4.48%
    Home Improvement 7 $2,625,000 $375,000 $5,819 4.32%

    For 2018, Sammamish Mortgage Company's most frequently cited loan purpose was Home Purchase, with 140 originations. The 2nd most popular reason was Refi, with 123 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 232 $83,400,000 $359,483 $4,833 4.57%
    15 Year 25 $8,065,000 $322,600 $5,178 3.90%
    20 Year 12 $3,660,000 $305,000 $4,015 4.22%
    10 Year 1 $205,000 $205,000 $3,137 3.75%

    For 2018, Sammamish Mortgage Company's most frequently cited loan duration was 30 Year, with 232 originations. The 2nd most popular length was 15 Year, with 25 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 164 $56,220,000 $342,805
    $5k+ 42 $17,600,000 $419,048
    $1k-2k 22 $7,390,000 $335,909
    $2k-3k 18 $6,180,000 $343,333
    $3k-4k 14 $4,440,000 $317,143
    $4k-5k 10 $3,500,000 $350,000

    Sammamish Mortgage Company's average total fees were $4,833, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 164 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 190 $69,750,000 $367,105
    3-4% 50 $17,260,000 $345,200
    5-6% 30 $8,320,000 $277,333

    During 2018, Sammamish Mortgage Company's average interest rate for loans was 4.57%, while their most frequently originated rate bucket for loans was 4-5%, with 190 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 160 $47,250,000 $295,313 $4,490 4.47%
    $400k-600k 69 $33,125,000 $480,072 $5,778 4.43%
    $100k-200k 25 $4,235,000 $169,400 $3,528 4.70%
    $600k-1MM 15 $10,645,000 $709,667 $6,235 4.48%
    $100,000 or less 1 $75,000 $75,000 $3,192 5.88%

    2018 saw Sammamish Mortgage Company place emphasis on $200k-400k loans with 160 originations, totaling $47,250,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 92 $33,370,000 $362,717 $4,694 4.49%
    $150k-250k 59 $26,525,000 $449,576 $5,264 4.36%
    $75k-100k 51 $15,255,000 $299,118 $4,177 4.62%
    $50k-75k 34 $8,700,000 $255,882 $3,982 4.42%
    $250k+ 18 $7,600,000 $422,222 $6,666 4.55%
    $50k or less 16 $3,880,000 $242,500 $5,698 4.61%

    Sammamish Mortgage Company lent most frequently to those with incomes in the $100k-150k range, with 92 originations. The second most popular income band? $150k-250k, with 59 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 65 $22,145,000 $340,692 $4,722 4.41%
    30-36% 47 $15,665,000 $333,298 $5,128 4.43%
    40% 17 $5,815,000 $342,059 $4,088 4.61%
    49% 15 $5,185,000 $345,667 $5,087 4.59%
    <20% 15 $4,525,000 $301,667 $4,218 4.42%
    42% 14 $5,680,000 $405,714 $3,561 4.86%
    43% 14 $5,340,000 $381,429 $5,281 4.41%
    39% 10 $4,080,000 $408,000 $5,276 4.31%
    37% 10 $3,940,000 $394,000 $5,096 4.40%
    41% 9 $3,515,000 $390,556 $4,405 4.40%
    48% 8 $2,880,000 $360,000 $4,473 4.44%
    47% 8 $2,930,000 $366,250 $3,273 4.63%
    36% 7 $2,765,000 $395,000 $7,504 4.29%
    45% 7 $1,945,000 $277,857 $4,345 4.61%
    46% 6 $2,390,000 $398,333 $4,764 4.54%
    38% 5 $1,505,000 $301,000 $5,404 4.45%
    44% 5 $1,455,000 $291,000 $3,094 4.93%
    50-60% 4 $1,940,000 $485,000 $10,022 4.66%
    >60% 4 $1,630,000 $407,500 $5,433 4.91%

    Sammamish Mortgage Company lent most frequently to those with DTI ratios of 20-30%, with 65 originations. The next most common DTI ratio? 30-36%, with 47 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 170 $58,140,000 $342,000 $4,550 4.50%
    Not provided 76 $27,890,000 $366,974 $4,853 4.49%
    Asian 19 $7,585,000 $399,211 $6,532 4.45%
    American Indian 3 $1,215,000 $405,000 $9,510 4.21%
    Filipino 1 $275,000 $275,000 $2,899 4.50%
    Asian Indian 1 $225,000 $225,000 $4,103 4.50%

    Approval Rates

    Total approvals of all applications
    94.62%

    Sammamish Mortgage Company has an average approval rate.

    Pick Rate

    Approvals leading to origination
    65.56%

    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 270 $95,330,000 $353,074

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 270 $95,330,000 $353,074

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 20 $6,520,000 $326,000 $3,839 4.16%
    40-60% 63 $21,975,000 $348,810 $4,606 4.40%
    60-80% 110 $38,040,000 $345,818 $5,065 4.55%
    80-100% 74 $28,170,000 $380,676 $5,003 4.56%
    Under 20% 3 $625,000 $208,333 $2,563 4.21%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    SIMMONS FIRST NATIONAL CORPORATION Conventional home mortgage Trouble during payment process 1 50.0%
    SIMMONS FIRST NATIONAL CORPORATION Home equity loan or line of credit (HELOC) Trouble during payment process 1 50.0%