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

Jump to:

  • 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 and Home Purchase loans. Sammamish Mortgage Company has a high proportion of conventional loans. Their top markets by origination volume include: Seattle, Portland, Bremerton, Boise City, and Olympia among others. We have data for 37 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 a low 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% 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

    1,153

    Origination Dollar Volume (All Markets)

    $473,875,000
    Show all (7) 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) 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.

    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.

    People's Community Federal Credit Union
    Similarity Rank: 86
    SPOKANE FIREFIGHTERS CREDIT UNION
    Similarity Rank: 360
    Cashmere Valley Bank
    Similarity Rank: 408
    O BEE
    Similarity Rank: 447
    CASTPARTS EMPLOYEES
    Similarity Rank: 660
    CONNECTIONS
    Similarity Rank: 750
    Olympia Federal Savings & Loan Association
    Similarity Rank: 840
    PIONEER
    Similarity Rank: 999
    Yakima Federal Savings and Loan Association
    Similarity Rank: 1065
    BEEHIVE
    Similarity Rank: 1080

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. 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 2021, Sammamish Mortgage Company's most frequently originated type of loan was Conventional, with 1,129 originations. Their 2nd most popular type was VA, with 24 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. 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 2021, Sammamish Mortgage Company's most frequently cited loan purpose was Refi, with 749 originations. The 2nd most popular reason was 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 2021, Sammamish Mortgage Company's most frequently cited loan duration was 30 Year, with 911 originations. The 2nd most popular length was 15 Year, with 151 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 692 $277,900,000 $401,590
    $5k+ 195 $94,385,000 $484,026
    $1k-2k 79 $28,895,000 $365,759
    $2k-3k 68 $27,010,000 $397,206
    $3k-4k 66 $25,990,000 $393,788
    $4k-5k 53 $19,695,000 $371,604

    Sammamish Mortgage Company's average total fees were $4,630, while their most frequently occuring range of origination fees (closing costs) 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 for loans was 2.95%, while their most frequently originated rate bucket for loans was 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 or Islander 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 applications
    95.60%

    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
    85.34%

    Sammamish Mortgage Company has an 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%