Washington Savings Bank Mortgage Rates, Fees & Info
PHILADELPHIA, PALEI: 549300CHNWFL158WI547
Tax ID: 23-0747842
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Washington Savings Bank is a smaller bank specializing in Home Purchase loans. Washington Savings Bank has a high proportion of conventional loans. Their top two markets are Philadelphia and Ocean City .Washington Savings Bank has an average approval rate when compared to the average across all lenders. They have an average pick rate when compared to similar lenders.
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.
Originations
69Origination Dollar Volume (All Markets)
$11,135,000Top 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 |
|---|---|---|---|---|---|
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 68 | $10,790,000 | $158,676 | $0 | 0.00% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $0 | 0.00% |
Their top states include:
Similar Lenders
We use machine learning to identify the top lenders compared against WASHINGTON SAVINGS BANK based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 122
Similarity Rank: 162
Similarity Rank: 180
Similarity Rank: 440
Similarity Rank: 528
Similarity Rank: 678
Similarity Rank: 774
Similarity Rank: 780
Similarity Rank: 1026
Similarity Rank: 1176
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 69 | $11,135,000 | $161,377 | $0 | 0.00% |
For 2019, Washington Savings Bank's most frequently originated type of loan was Conventional, with 69 originations.
Loan Reason
For 2019, Washington Savings Bank's most frequently cited loan purpose was Home Purchase, with 21 originations. The 2nd most popular reason was Home Improvement, with 18 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 69 | $11,135,000 | $161,377 | $0 | 0.00% |
For 2019, Washington Savings Bank's most frequently cited loan duration was Other, with 69 originations.
Loan Sizing
2019 saw Washington Savings Bank place emphasis on $100,000 or less loans with 29 originations, totaling $1,435,000 in origination value.
Applicant Income
Washington Savings Bank lent most frequently to those with incomes in the $150k-250k range, with 19 originations. The second most popular income band? $100k-150k, with 18 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 69 | $11,135,000 | $161,377 | $0 | 0.00% |
Washington Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 69 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications84.78%
Washington Savings Bank has a below average approval rate.
Pick Rate
Approvals leading to origination92.75%
Washington Savings Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 69 | $11,135,000 | $161,377 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Multifamily:Site-Built | 1 | $235,000 | $235,000 |
| Single Family (1-4 Units):Site-Built | 68 | $10,900,000 | $160,294 |
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| WASHINGTON FEDERAL BANK, NATIONAL ASSOCIATION | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 20.0% |
| WASHINGTON FEDERAL BANK, NATIONAL ASSOCIATION | Conventional home mortgage | Trouble during payment process | 3 | 60.0% |
| WASHINGTON FEDERAL BANK, NATIONAL ASSOCIATION | Other type of mortgage | Trouble during payment process | 1 | 20.0% |