Kitsap Bank Mortgage Rates, Fees & Info
Port Orchard, WALEI: 549300HGZNH5YBU04369
Tax ID: 91-0283150
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Kitsap Bank is a smaller bank specializing in Home Improvement, Refi, and Home Purchase loans. Kitsap Bank has a high proportion of conventional loans. Their top markets by origination volume include: Bremerton, Seattle, Shelton, Port Angeles, and Olympia among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)Kitsap Bank has a below average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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Originations
84Origination Dollar Volume (All Markets)
$17,310,000Top 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 |
|---|---|---|---|---|---|
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 44 | $6,770,000 | $153,864 | $0 | 0.00% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 8 | $6,300,000 | $787,500 | $0 | 0.00% |
| Shelton, WA (FHA|USDA|VA) | 11 | $1,875,000 | $170,455 | $0 | 0.00% |
| Port Angeles, WA (FHA|USDA|VA) | 9 | $1,145,000 | $127,222 | $0 | 0.00% |
| Outside of Metro Areas | 10 | $1,100,000 | $110,000 | $0 | 0.00% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
| Centralia, WA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| HELOC | 78 | $11,050,000 | $141,667 | n/a | 0.00% |
| Conventional | 6 | $6,260,000 | $1,043,333 | $0 | 0.00% |
For 2023, Kitsap Bank's most frequently originated type of loan was HELOC, with 78 originations. Their 2nd most popular type was Conventional, with 6 originations.
Loan Reason
For 2023, Kitsap Bank's most frequently cited loan purpose was Home Improvement, with 40 originations. The 2nd most popular reason was Refi, with 21 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 84 | $17,310,000 | $206,071 | $0 | 0.00% |
For 2023, Kitsap Bank's most frequently cited loan duration was Other, with 84 originations.
Loan Sizing
2023 saw Kitsap Bank place emphasis on $100,000 or less loans with 36 originations, totaling $2,040,000 in origination value.
Applicant Income
Kitsap Bank lent most frequently to those with incomes in the $150k-250k range, with 19 originations. The second most popular income band? $50k-75k, with 15 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 84 | $17,310,000 | $206,071 | $0 | 0.00% |
Kitsap Bank lent most frequently to those with DTI ratios of Exempt%, with 84 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications68.42%
Kitsap Bank has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick Rate
Approvals leading to origination76.19%
Kitsap Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 84 | $17,310,000 | $206,071 |