Sammamish Mortgage Company Rates, Fees & Info
FALL CITY, WALEI: 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.30% | 12/16/24 |
| 30 Year Conventional Refi | 6.35% | 12/16/24 |
| 30 Year VA Purchase | 5.52% | 12/16/24 |
| 30 Year VA Refi | 5.79% | 12/16/24 |
| 15 Year Conventional Purchase | 5.73% | 12/16/24 |
| 15 Year Conventional Refi | 6.12% | 12/16/24 |
| 15 Year Cash-out Refi | 6.12% | 12/16/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
270Origination Dollar Volume (All Markets)
$95,330,000Awards
SAMMAMISH MORTGAGE COMPANY - 2018
SAMMAMISH MORTGAGE COMPANY is a 2018 , due to their low .
For 2018, less than of lenders were eligible for this award.
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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% |
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.
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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
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
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
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
2018 saw Sammamish Mortgage Company place emphasis on $200k-400k loans with 160 originations, totaling $47,250,000 in origination value.
Applicant Income
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
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
Approval Rates
Total approvals of all applications94.62%
Sammamish Mortgage Company has an average approval rate.
Pick Rate
Approvals leading to origination65.56%
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
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% |