Sammamish Mortgage Company Rates, Fees & Info
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Mortgage Data
Review & 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 by origination volume include: Seattle, Portland, Boise City, Bremerton, and Olympia among others. We have data for 38 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% | 4/22/24 |
| 30 Year Conventional Refi | 6.35% | 4/22/24 |
| 30 Year VA Purchase | 5.52% | 4/22/24 |
| 30 Year VA Refi | 5.79% | 4/22/24 |
| 15 Year Conventional Purchase | 5.73% | 4/22/24 |
| 15 Year Conventional Refi | 6.12% | 4/22/24 |
| 15 Year Cash-out Refi | 6.12% | 4/22/24 |
| 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
868Origination Dollar Volume (All Markets)
$339,130,000Awards
SAMMAMISH MORTGAGE COMPANY - 2019
SAMMAMISH MORTGAGE COMPANY is a 2019 , due to their low .
For 2019, 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) | 580 | $247,030,000 | $425,914 | $4,891 | 3.89% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 104 | $34,670,000 | $333,365 | $4,653 | 3.96% |
| BOISE CITY, ID (FHA|USDA|VA) | 23 | $6,865,000 | $298,478 | $4,104 | 4.08% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 19 | $6,645,000 | $349,737 | $6,486 | 3.76% |
| Outside of Metro Areas | 12 | $4,500,000 | $375,000 | $4,311 | 3.84% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 13 | $3,965,000 | $305,000 | $4,372 | 4.04% |
| WENATCHEE, WA (FHA|USDA|VA) | 11 | $3,675,000 | $334,091 | $4,434 | 3.97% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 10 | $3,400,000 | $340,000 | $3,783 | 4.03% |
| BELLINGHAM, WA (FHA|USDA|VA) | 10 | $3,050,000 | $305,000 | $2,976 | 4.29% |
| BEND, OR (FHA|USDA|VA) | 8 | $2,420,000 | $302,500 | $3,664 | 3.83% |
| SALEM, OR (FHA|USDA|VA) | 8 | $2,390,000 | $298,750 | $3,954 | 4.17% |
| Oak Harbor, WA (FHA|USDA|VA) | 6 | $2,300,000 | $383,333 | $3,770 | 3.88% |
| Outside of Metro Areas | 7 | $2,055,000 | $293,571 | $4,633 | 4.02% |
| Ellensburg, WA (FHA|USDA|VA) | 5 | $1,845,000 | $369,000 | $3,666 | 3.93% |
| Port Angeles, WA (FHA|USDA|VA) | 5 | $1,495,000 | $299,000 | $3,824 | 3.73% |
| EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) | 4 | $1,340,000 | $335,000 | $5,676 | 3.56% |
| MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) | 4 | $1,230,000 | $307,500 | $5,810 | 3.25% |
| MEDFORD, OR (FHA|USDA|VA) | 5 | $1,215,000 | $243,000 | $4,146 | 4.25% |
| LONGVIEW, WA (FHA|USDA|VA) | 3 | $1,055,000 | $351,667 | $5,470 | 3.50% |
| Hailey, ID (FHA|USDA|VA) | 2 | $990,000 | $495,000 | $6,774 | 3.81% |
| Newport, OR (FHA|USDA|VA) | 4 | $850,000 | $212,500 | $3,953 | 4.09% |
| KENNEWICK-RICHLAND, WA (FHA|USDA|VA) | 3 | $755,000 | $251,667 | $2,699 | 4.08% |
| Centralia, WA (FHA|USDA|VA) | 3 | $745,000 | $248,333 | $3,162 | 4.25% |
| Pullman, WA (FHA|USDA|VA) | 3 | $675,000 | $225,000 | $3,031 | 4.83% |
| CORVALLIS, OR (FHA|USDA|VA) | 2 | $630,000 | $315,000 | $3,818 | 4.00% |
| Roseburg, OR (FHA|USDA|VA) | 2 | $620,000 | $310,000 | $9,579 | 3.50% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $10,424 | 3.75% |
| IDAHO FALLS, ID (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $2,473 | 3.63% |
| Jackson, WY-ID (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $3,270 | 3.63% |
| YAKIMA, WA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $2,306 | 3.63% |
| ALBANY-LEBANON, OR (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $6,494 | 3.75% |
| Moscow, ID (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $7,615 | 3.63% |
| POCATELLO, ID (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $8,272 | 3.88% |
| Klamath Falls, OR (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $3,088 | 4.38% |
| GRANTS PASS, OR (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $6,175 | 4.25% |
| TWIN FALLS, ID (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $2,956 | 3.88% |
| Aberdeen, WA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $4,658 | 4.75% |
| Moses Lake, WA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,958 | 5.88% |
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 | 827 | $320,525,000 | $387,576 | $4,727 | 3.94% |
| VA | 41 | $18,605,000 | $453,780 | $5,711 | 3.45% |
For 2019, Sammamish Mortgage Company's most frequently originated type of loan was Conventional, with 827 originations. Their 2nd most popular type was VA, with 41 originations.
Loan Reason
For 2019, Sammamish Mortgage Company's most frequently cited loan purpose was Refi, with 458 originations. The 2nd most popular reason was Home Purchase, with 375 originations.
Loan Duration/Length
For 2019, Sammamish Mortgage Company's most frequently cited loan duration was 30 Year, with 740 originations. The 2nd most popular length was 15 Year, with 99 originations.
Origination Fees/Closing Costs
Sammamish Mortgage Company's average total fees were $4,852, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 516 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 577 | $234,375,000 | $406,196 |
| 4-5% | 266 | $96,030,000 | $361,015 |
| 2.5-3% | 19 | $7,255,000 | $381,842 |
| 5-6% | 6 | $1,470,000 | $245,000 |
During 2019, Sammamish Mortgage Company's average interest rate for loans was 3.98%, while their most frequently originated rate bucket for loans was 3-4%, with 577 originations.
Loan Sizing
2019 saw Sammamish Mortgage Company place emphasis on $200k-400k loans with 434 originations, totaling $130,330,000 in origination value.
Applicant Income
Sammamish Mortgage Company lent most frequently to those with incomes in the $100k-150k range, with 285 originations. The second most popular income band? $150k-250k, with 262 originations.
Applicant Debt to Income Ratio
Sammamish Mortgage Company lent most frequently to those with DTI ratios of 20-30%, with 234 originations. The next most common DTI ratio? 30-36%, with 168 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.30%
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 origination63.71%
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 | 868 | $339,130,000 | $390,703 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 868 | $339,130,000 | $390,703 |