Sammamish Mortgage Company Rates, Fees & Info

FALL CITY, WA

LEI: 5493009HUMWCHFRDKF12

Tax ID: 91-1569077

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

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • 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 Refi loans. Sammamish Mortgage Company has a high proportion of conventional loans. Their top markets by origination volume include: Seattle, Portland, Bremerton, Olympia, and Wenatchee among others. We have data for 40 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.

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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






    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

    1,462

    Origination Dollar Volume (All Markets)

    $595,780,000

    Awards

    SAMMAMISH MORTGAGE COMPANY 30 Year Conventional Loans silver SAMMAMISH MORTGAGE COMPANY VA Loans gold SAMMAMISH MORTGAGE COMPANY VA Loans bronze
    Show all (3) 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) 1,110 $478,930,000 $431,468 $4,668 3.09%
    PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 88 $31,960,000 $363,182 $4,562 3.11%
    BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 39 $13,985,000 $358,590 $4,031 3.17%
    OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 25 $8,135,000 $325,400 $5,537 3.06%
    WENATCHEE, WA (FHA|USDA|VA) 26 $7,490,000 $288,077 $4,604 3.35%
    SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 22 $6,820,000 $310,000 $3,871 3.22%
    BELLINGHAM, WA (FHA|USDA|VA) 15 $4,785,000 $319,000 $3,682 3.12%
    Oak Harbor, WA (FHA|USDA|VA) 11 $3,975,000 $361,364 $3,918 3.15%
    BOISE CITY, ID (FHA|USDA|VA) 11 $3,785,000 $344,091 $5,530 3.16%
    Outside of Metro Areas 12 $3,600,000 $300,000 $4,792 3.20%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 9 $2,825,000 $313,889 $3,441 3.58%
    EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 8 $2,790,000 $348,750 $6,374 2.98%
    Shelton, WA (FHA|USDA|VA) 9 $2,685,000 $298,333 $4,641 3.15%
    MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) 7 $2,475,000 $353,571 $3,920 3.23%
    KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 7 $2,355,000 $336,429 $6,855 2.87%
    LONGVIEW, WA (FHA|USDA|VA) 6 $2,260,000 $376,667 $3,030 3.42%
    BEND, OR (FHA|USDA|VA) 7 $2,185,000 $312,143 $4,804 3.07%
    SALEM, OR (FHA|USDA|VA) 7 $1,875,000 $267,857 $4,764 3.29%
    Ellensburg, WA (FHA|USDA|VA) 4 $1,820,000 $455,000 $3,628 3.34%
    Outside of Metro Areas 4 $1,410,000 $352,500 $4,695 3.75%
    YAKIMA, WA (FHA|USDA|VA) 5 $1,265,000 $253,000 $3,294 3.20%
    Moses Lake, WA (FHA|USDA|VA) 4 $1,180,000 $295,000 $8,309 3.19%
    ALBANY-LEBANON, OR (FHA|USDA|VA) 3 $995,000 $331,667 $6,507 3.37%
    Centralia, WA (FHA|USDA|VA) 3 $835,000 $278,333 $5,571 3.29%
    WALLA WALLA, WA (FHA|USDA|VA) 2 $560,000 $280,000 $3,442 3.19%
    Pullman, WA (FHA|USDA|VA) 2 $490,000 $245,000 $2,211 3.75%
    Aberdeen, WA (FHA|USDA|VA) 2 $490,000 $245,000 $8,845 3.06%
    Durango, CO (FHA|USDA|VA) 1 $425,000 $425,000 $2,587 3.25%
    Hermiston-Pendleton, OR (FHA|USDA|VA) 1 $425,000 $425,000 $2,909 3.37%
    Hood River, OR (FHA|USDA|VA) 1 $405,000 $405,000 $4,350 3.38%
    CORVALLIS, OR (FHA|USDA|VA) 2 $390,000 $195,000 $3,489 3.19%
    IDAHO FALLS, ID (FHA|USDA|VA) 1 $355,000 $355,000 $5,537 3.38%
    Cañon City, CO (FHA|USDA|VA) 1 $335,000 $335,000 $3,297 4.13%
    Sandpoint, ID (FHA|USDA|VA) 1 $315,000 $315,000 $2,824 3.50%
    Hailey, ID (FHA|USDA|VA) 1 $245,000 $245,000 $7,724 2.75%
    GRANTS PASS, OR (FHA|USDA|VA) 1 $245,000 $245,000 $2,407 3.50%
    Astoria, OR (FHA|USDA|VA) 1 $225,000 $225,000 $7,929 2.50%
    Brookings, OR (FHA|USDA|VA) 1 $195,000 $195,000 $2,899 3.75%
    MEDFORD, OR (FHA|USDA|VA) 1 $165,000 $165,000 $2,149 3.63%
    Klamath Falls, OR (FHA|USDA|VA) 1 $95,000 $95,000 $4,971 4.38%
    Sammamish Mortgage Company's top markets include Seattle, Portland, Bremerton, Olympia, and Wenatchee among others.

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

    INDUSTRIAL CU OF WHATCOM COUNTY
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    SPOKANE FIREFIGHTERS CREDIT UNION
    Similarity Rank: 231
    FIRST MORTGAGE COMPANY, INC.
    Similarity Rank: 280
    TRISTAR FINANCE, INC.
    Similarity Rank: 378
    People's Community Federal Credit Union
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    CASTPARTS EMPLOYEES
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    PIONEER
    Similarity Rank: 553
    CONNECTIONS
    Similarity Rank: 585
    OREGONIANS CREDIT UNION
    Similarity Rank: 948
    LOANSNAP, INC.
    Similarity Rank: 1106

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,431 $581,525,000 $406,377 $4,582 3.12%
    VA 31 $14,255,000 $459,839 $7,492 2.75%

    For 2020, Sammamish Mortgage Company's most frequently originated type of loan was Conventional, with 1,431 originations. Their 2nd most popular type was VA, with 31 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 1,145 $458,345,000 $400,301 $4,216 3.12%
    Home Purchase 211 $96,575,000 $457,701 $6,555 3.10%
    Home Improvement 106 $40,860,000 $385,472 $5,468 3.10%

    For 2020, Sammamish Mortgage Company's most frequently cited loan purpose was Refi, with 1,145 originations. The 2nd most popular reason was Home Purchase, with 211 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,185 $492,225,000 $415,380 $4,722 3.17%
    15 Year 166 $62,600,000 $377,108 $4,712 2.75%
    20 Year 63 $25,395,000 $403,095 $3,601 3.14%
    Other 36 $11,740,000 $326,111 $3,904 2.99%
    10 Year 12 $3,820,000 $318,333 $3,747 2.63%

    For 2020, Sammamish Mortgage Company's most frequently cited loan duration was 30 Year, with 1,185 originations. The 2nd most popular length was 15 Year, with 166 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 728 $304,340,000 $418,049
    $5k+ 301 $131,365,000 $436,429
    $1k-2k 169 $60,365,000 $357,189
    $2k-3k 108 $40,420,000 $374,259
    $4k-5k 76 $27,600,000 $363,158
    $3k-4k 75 $29,895,000 $398,600

    Sammamish Mortgage Company's average total fees were $4,722, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 728 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 689 $282,595,000 $410,152
    2.5-3% 605 $243,305,000 $402,157
    <2.5% 140 $58,900,000 $420,714
    4-5% 28 $10,980,000 $392,143

    During 2020, Sammamish Mortgage Company's average interest rate for loans was 3.17%, while their most frequently originated rate bucket for loans was 3-4%, with 689 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 676 $206,920,000 $306,095 $4,124 3.12%
    $400k-600k 582 $279,590,000 $480,395 $4,789 3.08%
    $600k-1MM 143 $98,145,000 $686,329 $6,793 3.18%
    $100k-200k 56 $9,570,000 $170,893 $3,952 3.30%
    $100,000 or less 4 $360,000 $90,000 $3,938 3.59%
    $1MM+ 1 $1,195,000 $1,195,000 $5,935 3.00%

    2020 saw Sammamish Mortgage Company place emphasis on $200k-400k loans with 676 originations, totaling $206,920,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 478 $217,830,000 $455,711 $4,503 3.10%
    $100k-150k 454 $181,140,000 $398,987 $4,573 3.12%
    $75k-100k 200 $67,310,000 $336,550 $4,573 3.11%
    $250k+ 174 $85,270,000 $490,057 $5,574 3.14%
    $50k-75k 121 $34,835,000 $287,893 $4,270 3.13%
    $50k or less 32 $8,300,000 $259,375 $4,822 3.03%

    Sammamish Mortgage Company lent most frequently to those with incomes in the $150k-250k range, with 478 originations. The second most popular income band? $100k-150k, with 454 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 476 $195,890,000 $411,534 $4,533 3.09%
    30-36% 263 $111,325,000 $423,289 $4,480 3.12%
    <20% 222 $84,200,000 $379,279 $4,397 3.08%
    37% 55 $23,145,000 $420,818 $4,938 3.02%
    42% 49 $22,065,000 $450,306 $4,877 3.18%
    40% 42 $16,710,000 $397,857 $4,597 3.25%
    36% 40 $16,070,000 $401,750 $5,013 3.11%
    41% 38 $15,740,000 $414,211 $4,511 3.27%
    39% 34 $12,580,000 $370,000 $4,427 3.23%
    38% 34 $14,140,000 $415,882 $5,444 3.03%
    43% 32 $12,620,000 $394,375 $5,385 3.12%
    48% 31 $12,275,000 $395,968 $5,156 3.18%
    44% 31 $13,645,000 $440,161 $4,840 3.14%
    49% 29 $11,165,000 $385,000 $4,509 3.09%
    46% 27 $10,535,000 $390,185 $5,241 3.29%
    45% 24 $8,520,000 $355,000 $4,698 3.05%
    47% 22 $9,500,000 $431,818 $4,635 3.16%
    50-60% 7 $2,775,000 $396,429 $8,193 3.30%
    >60% 6 $2,880,000 $480,000 $6,632 2.83%

    Sammamish Mortgage Company lent most frequently to those with DTI ratios of 20-30%, with 476 originations. The next most common DTI ratio? 30-36%, with 263 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,015 $409,175,000 $403,128 $4,647 3.10%
    Not provided 227 $92,005,000 $405,308 $4,647 3.14%
    Asian 137 $59,005,000 $430,693 $4,498 3.15%
    Asian Indian 26 $11,690,000 $449,615 $5,695 3.05%
    Black 14 $5,570,000 $397,857 $4,779 3.33%
    American Indian 10 $4,170,000 $417,000 $3,280 3.30%
    Korean 7 $2,745,000 $392,143 $3,429 3.11%
    Filipino 6 $2,700,000 $450,000 $5,045 3.08%
    Chinese 6 $2,460,000 $410,000 $2,690 3.00%
    Native Hawaiian or Islander 4 $2,060,000 $515,000 $6,271 3.47%
    Other Asian 4 $1,980,000 $495,000 $7,629 2.88%
    Vietnamese 3 $965,000 $321,667 $5,324 3.17%
    Japanese 2 $830,000 $415,000 $5,196 2.75%
    Other Pacific Islander 1 $425,000 $425,000 $2,208 3.00%

    Approval Rates

    Total approvals of all applications
    98.75%

    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
    72.78%

    Sammamish Mortgage Company has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,462 $595,780,000 $407,510

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 1,462 $595,780,000 $407,510

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 165 $50,945,000 $308,758 $3,546 3.01%
    40-60% 657 $254,375,000 $387,177 $3,987 3.05%
    60-80% 483 $218,005,000 $451,356 $5,461 3.24%
    80-100% 145 $68,485,000 $472,310 $5,897 3.16%
    Over 100% 3 $1,325,000 $441,667 $17,143 2.75%
    Under 20% 9 $2,645,000 $293,889 $4,499 3.03%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    SIMMONS FIRST NATIONAL CORPORATION Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 2 33.3%
    SIMMONS FIRST NATIONAL CORPORATION Conventional home mortgage Closing on a mortgage 1 16.7%
    SIMMONS FIRST NATIONAL CORPORATION Conventional home mortgage Trouble during payment process 2 33.3%
    SIMMONS FIRST NATIONAL CORPORATION Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 1 16.7%