Cashmere Valley Bank Mortgage Rates, Fees & Info

Cashmere, WA

LEI: 549300DU4JZVSGF3G964

Tax ID: 91-0168460

5 stars - Updated: 2/25/24 - out of 5 stars, based on 14 reviews

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

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Mortgage Data

Review & Overview

Cashmere Valley Bank is a smaller bank specializing in Home Purchase loans. Cashmere Valley Bank has a high proportion of conventional loans. Their top markets by origination volume include: Wenatchee, Seattle, Ellensburg, Yakima, and Moses Lake among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)

Cashmere Valley Bank 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. Cashmere Valley Bank 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.

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SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.83% 2/25/24
30 Year Conventional Refi 7.08% 2/25/24
30 Year Cash-out Refi 6.97% 2/25/24
15 Year Conventional Purchase 6.23% 2/25/24
15 Year Conventional Refi 6.30% 2/25/24
15 Year Cash-out Refi 6.30% 2/25/24
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.

Cashmere Valley Bank Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Cashmere Valley Bank. 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

204

Origination Dollar Volume (All Markets)

$88,190,000

Awards

Cashmere Valley Bank 30 Year Conventional Loans gold Cashmere Valley Bank 30 Year Conventional Loans gold Cashmere Valley Bank 30 Year Conventional Loans silver
Show all (3) awards

Relative Rate

Cashmere Valley Bank's average 30 year fixed mortgage rate was 5.05%.

The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

This yields a difference of 0.29%.

Relative Fees (Closing Costs)

Cashmere Valley Bank's average total fees/closing costs for a 30 year fixed rate mortgage were $4,219.

The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $4,750.

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
WENATCHEE, WA (FHA|USDA|VA) 138 $46,740,000 $338,696 $4,124 4.65%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 5 $21,845,000 $4,369,000 $5,965 4.59%
Ellensburg, WA (FHA|USDA|VA) 33 $11,005,000 $333,485 $3,069 4.73%
YAKIMA, WA (FHA|USDA|VA) 16 $5,890,000 $368,125 $5,213 5.47%
Outside of Metro Areas 6 $1,020,000 $170,000 $3,390 5.46%
Moses Lake, WA (FHA|USDA|VA) 2 $590,000 $295,000 $2,086 5.06%
SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 1 $325,000 $325,000 $6,150 5.25%
Aberdeen, WA (FHA|USDA|VA) 1 $285,000 $285,000 $4,263 6.63%
BELLINGHAM, WA (FHA|USDA|VA) 1 $265,000 $265,000 $2,437 4.00%
KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 1 $225,000 $225,000 $2,222 2.88%
Cashmere Valley Bank's top markets include Wenatchee, Seattle, Ellensburg, Yakima, and Moses Lake among others.

Their top states include:
  • Washington (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against Cashmere Valley Bank 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 204 $88,190,000 $432,304 $4,015 4.75%

    For 2022, Cashmere Valley Bank's most frequently originated type of loan was Conventional, with 204 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 111 $63,415,000 $571,306 $4,381 5.11%
    Cash Out Refi 52 $15,070,000 $289,808 $3,603 4.36%
    Refi 26 $5,420,000 $208,462 $3,042 4.04%
    Other 11 $3,325,000 $302,273 $4,155 4.58%
    Home Improvement 4 $960,000 $240,000 $5,184 5.06%

    For 2022, Cashmere Valley Bank's most frequently cited loan purpose was Home Purchase, with 111 originations. The 2nd most popular reason was Cash Out Refi, with 52 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 146 $54,820,000 $375,479 $4,219 5.05%
    15 Year 36 $7,260,000 $201,667 $2,996 3.62%
    20 Year 12 $2,840,000 $236,667 $4,882 4.66%
    5 Year 6 $2,200,000 $366,667 $0 4.78%
    10 Year 4 $21,070,000 $5,267,500 $0 4.54%

    For 2022, Cashmere Valley Bank's most frequently cited loan duration was 30 Year, with 146 originations. The 2nd most popular length was 15 Year, with 36 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 88 $32,300,000 $367,045
    $1k-2k 32 $6,940,000 $216,875
    $2k-3k 21 $5,585,000 $265,952
    $5k+ 16 $7,750,000 $484,375
    $3k-4k 15 $5,485,000 $365,667
    $4k-5k 9 $3,725,000 $413,889

    Cashmere Valley Bank's average total fees were $4,219, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 88 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 63 $42,615,000 $676,429
    4-5% 48 $18,350,000 $382,292
    5-6% 43 $12,965,000 $301,512
    6-7% 23 $7,665,000 $333,261
    2.5-3% 15 $2,675,000 $178,333
    7-8% 11 $3,785,000 $344,091
    <2.5% 1 $135,000 $135,000

    During 2022, Cashmere Valley Bank's average interest rate for loans was 5.05%, while their most frequently originated rate bucket for loans was 3-4%, with 63 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 80 $23,340,000 $291,750 $3,899 4.88%
    $400k-600k 48 $22,750,000 $473,958 $4,880 4.92%
    $100k-200k 44 $6,630,000 $150,682 $3,010 4.37%
    $600k-1MM 15 $10,495,000 $699,667 $4,717 4.38%
    $100,000 or less 12 $870,000 $72,500 $3,075 5.20%
    $1MM+ 5 $24,105,000 $4,821,000 $5,803 4.54%

    2022 saw Cashmere Valley Bank place emphasis on $200k-400k loans with 80 originations, totaling $23,340,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 45 $16,065,000 $357,000 $4,408 4.89%
    $75k-100k 37 $11,225,000 $303,378 $4,368 5.00%
    $150k-250k 34 $14,280,000 $420,000 $4,217 4.86%
    $50k-75k 33 $7,395,000 $224,091 $3,312 4.41%
    $50k or less 25 $3,635,000 $145,400 $3,026 4.80%
    $250k+ 23 $12,865,000 $559,348 $4,399 4.53%

    Cashmere Valley Bank lent most frequently to those with incomes in the $100k-150k range, with 45 originations. The second most popular income band? $75k-100k, with 37 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 53 $17,735,000 $334,623 $3,549 4.42%
    30-36% 39 $10,765,000 $276,026 $3,220 4.71%
    <20% 19 $6,155,000 $323,947 $3,988 4.34%
    41% 10 $3,040,000 $304,000 $4,544 5.49%
    37% 10 $3,370,000 $337,000 $3,583 4.69%
    45% 10 $3,890,000 $389,000 $4,517 5.13%
    42% 6 $2,710,000 $451,667 $5,702 5.31%
    36% 6 $2,240,000 $373,333 $4,270 4.79%
    44% 6 $2,220,000 $370,000 $4,801 5.10%
    46% 6 $2,160,000 $360,000 $6,460 5.31%
    39% 5 $1,525,000 $305,000 $4,466 5.45%
    50-60% 5 $1,685,000 $337,000 $5,368 4.70%
    47% 5 $1,275,000 $255,000 $2,730 4.50%
    48% 4 $1,620,000 $405,000 $8,732 6.25%
    49% 4 $1,060,000 $265,000 $3,852 6.00%
    40% 3 $1,425,000 $475,000 $4,449 4.88%
    43% 3 $1,285,000 $428,333 $5,126 4.92%
    38% 3 $1,305,000 $435,000 $3,999 3.92%

    Cashmere Valley Bank lent most frequently to those with DTI ratios of 20-30%, with 53 originations. The next most common DTI ratio? 30-36%, with 39 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 174 $59,060,000 $339,425 $4,063 4.79%
    Not applicable 7 $22,725,000 $3,246,429 $0 4.24%
    American Indian 15 $3,875,000 $258,333 $3,703 4.81%
    Not provided 7 $2,285,000 $326,429 $3,204 4.27%
    Black 1 $245,000 $245,000 $6,486 3.75%

    Approval Rates

    Total approvals of all applications
    92.45%

    Cashmere Valley Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    79.90%

    Cashmere Valley Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 204 $88,190,000 $432,304

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    204 $88,190,000 $432,304

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 50 $9,060,000 $181,200 $2,930 4.33%
    40-60% 50 $38,210,000 $764,200 $4,150 4.66%
    60-80% 73 $30,385,000 $416,233 $4,145 4.93%
    80-100% 22 $9,770,000 $444,091 $5,886 5.41%
    Under 20% 9 $765,000 $85,000 $3,247 4.67%