Kitsap Bank Mortgage Rates, Fees & Info
Port Orchard, WALEI: 549300HGZNH5YBU04369
Tax ID: 91-0283150
Latest/2024 | 2023 Data | 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, Port Angeles, and Shelton among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)Kitsap Bank has an 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)
$20,440,000Top 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) | 51 | $8,725,000 | $171,078 | $0 | 0.00% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 9 | $8,215,000 | $912,778 | $0 | 0.00% |
| Outside of Metro Areas | 11 | $1,925,000 | $175,000 | $0 | 0.00% |
| Port Angeles, WA (FHA|USDA|VA) | 9 | $1,415,000 | $157,222 | $0 | 0.00% |
| Shelton, WA (FHA|USDA|VA) | 4 | $160,000 | $40,000 | $0 | 0.00% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 84 | $20,440,000 | $243,333 | $0 | 0.00% |
For 2024, Kitsap Bank's most frequently originated type of loan was Conventional, with 84 originations.
Loan Reason
For 2024, Kitsap Bank's most frequently cited loan purpose was Home Improvement, with 40 originations. The 2nd most popular reason was Other, with 22 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 84 | $20,440,000 | $243,333 | $0 | 0.00% |
For 2024, Kitsap Bank's most frequently cited loan duration was Other, with 84 originations.
Loan Sizing
2024 saw Kitsap Bank place emphasis on $100,000 or less loans with 38 originations, totaling $2,040,000 in origination value.
Applicant Income
Kitsap Bank lent most frequently to those with incomes in the $100k-150k range, with 21 originations. The second most popular income band? $75k-100k, with 16 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 84 | $20,440,000 | $243,333 | $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 applications73.81%
Kitsap Bank has a below average approval rate.
Pick Rate
Approvals leading to origination89.29%
Kitsap Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 84 | $20,440,000 | $243,333 |