Peninsula Community Mortgage Rates, Fees & Info
Shelton, WALEI: 549300TEBV514KLDE180
Tax ID: 91-0533444
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Peninsula Community is a smaller mortgage company specializing in Other, Home Purchase, and Cash Out Refi loans. Peninsula Community has a high proportion of conventional loans. Their top markets by origination volume include: Shelton, Bremerton, Seattle, Olympia, and Port Angeles among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)Peninsula Community 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. Peninsula Community is typically an average 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 7.28% | 4/28/24 |
| 30 Year Conventional Refi | 6.58% | 4/28/24 |
| 30 Year Cash-out Refi | 6.90% | 4/28/24 |
| 30 Year VA Purchase | 7.11% | 4/28/24 |
| 15 Year Conventional Refi | 6.22% | 4/28/24 |
| 15 Year Cash-out Refi | 6.22% | 4/28/24 |
| 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. | ||
Peninsula Community Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
45Origination Dollar Volume (All Markets)
$6,675,000Top 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 |
|---|---|---|---|---|---|
| Shelton, WA (FHA|USDA|VA) | 21 | $3,325,000 | $158,333 | $4,292 | 4.90% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 17 | $2,205,000 | $129,706 | $2,649 | 4.95% |
| Outside of Metro Areas | 3 | $435,000 | $145,000 | $3,703 | 5.17% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $6,150 | 4.75% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $5,487 | 4.88% |
| Port Angeles, WA (FHA|USDA|VA) | 2 | $200,000 | $100,000 | $4,265 | 5.00% |
Their top states include:
Similar Lenders
We use machine learning to identify the top lenders compared against PENINSULA COMMUNITY 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 | 44 | $6,220,000 | $141,364 | $3,778 | 4.95% |
| VA | 1 | $455,000 | $455,000 | $2,065 | 4.63% |
For 2018, Peninsula Community's most frequently originated type of loan was Conventional, with 44 originations. Their 2nd most popular type was VA, with 1 originations.
Loan Reason
For 2018, Peninsula Community's most frequently cited loan purpose was Other, with 22 originations. The 2nd most popular reason was Home Purchase, with 12 originations.
Loan Duration/Length
For 2018, Peninsula Community's most frequently cited loan duration was 10 Year, with 18 originations. The 2nd most popular length was 30 Year, with 12 originations.
Origination Fees/Closing Costs
Peninsula Community's average total fees were $5,035, while their most frequently occuring range of origination fees (closing costs) were in the $3k-4k bucket, with 11 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 21 | $4,585,000 | $218,333 |
| 5-6% | 15 | $1,445,000 | $96,333 |
| 3-4% | 6 | $450,000 | $75,000 |
| 6-7% | 2 | $100,000 | $50,000 |
| 7-8% | 1 | $95,000 | $95,000 |
During 2018, Peninsula Community's average interest rate for loans was 4.98%, while their most frequently originated rate bucket for loans was 4-5%, with 21 originations.
Loan Sizing
2018 saw Peninsula Community place emphasis on $100,000 or less loans with 19 originations, totaling $905,000 in origination value.
Applicant Income
Peninsula Community lent most frequently to those with incomes in the $100k-150k range, with 12 originations. The second most popular income band? $50k or less, with 11 originations.
Applicant Debt to Income Ratio
Peninsula Community lent most frequently to those with DTI ratios of 30-36%, with 10 originations. The next most common DTI ratio? 20-30%, with 9 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications72.73%
Peninsula Community has a below average approval rate.
Pick Rate
Approvals leading to origination64.44%
Peninsula Community has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 1150.12 | 1 | $55,000 | $55,000 |
| 474.5 | 1 | $35,000 | $35,000 |
| 524.75 | 1 | $25,000 | $25,000 |
| 569.88 | 1 | $75,000 | $75,000 |
| 635.17 | 1 | $55,000 | $55,000 |
| 842.98 | 1 | $25,000 | $25,000 |
| NA | 39 | $6,405,000 | $164,231 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 4 | $470,000 | $117,500 |
| Single Family (1-4 Units):Site-Built | 41 | $6,205,000 | $151,341 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| PENNYMAC LOAN SERVICES, LLC. | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 11 | 4.2% |
| PENNYMAC LOAN SERVICES, LLC. | Conventional home mortgage | Closing on a mortgage | 3 | 1.2% |
| PENNYMAC LOAN SERVICES, LLC. | Conventional home mortgage | Incorrect information on your report | 2 | 0.8% |
| PENNYMAC LOAN SERVICES, LLC. | Conventional home mortgage | Problem with a credit reporting company's investigation into an existing problem | 1 | 0.4% |
| PENNYMAC LOAN SERVICES, LLC. | Conventional home mortgage | Struggling to pay mortgage | 36 | 13.8% |
| PENNYMAC LOAN SERVICES, LLC. | Conventional home mortgage | Trouble during payment process | 41 | 15.8% |
| PENNYMAC LOAN SERVICES, LLC. | FHA mortgage | Applying for a mortgage or refinancing an existing mortgage | 10 | 3.8% |
| PENNYMAC LOAN SERVICES, LLC. | FHA mortgage | Closing on a mortgage | 3 | 1.2% |
| PENNYMAC LOAN SERVICES, LLC. | FHA mortgage | Incorrect information on your report | 4 | 1.5% |
| PENNYMAC LOAN SERVICES, LLC. | FHA mortgage | Struggling to pay mortgage | 42 | 16.2% |
| PENNYMAC LOAN SERVICES, LLC. | FHA mortgage | Trouble during payment process | 42 | 16.2% |
| PENNYMAC LOAN SERVICES, LLC. | Home equity loan or line of credit (HELOC) | Closing on a mortgage | 1 | 0.4% |
| PENNYMAC LOAN SERVICES, LLC. | Other type of mortgage | Closing on a mortgage | 2 | 0.8% |
| PENNYMAC LOAN SERVICES, LLC. | Other type of mortgage | Struggling to pay mortgage | 20 | 7.7% |
| PENNYMAC LOAN SERVICES, LLC. | Other type of mortgage | Trouble during payment process | 9 | 3.5% |
| PENNYMAC LOAN SERVICES, LLC. | VA mortgage | Applying for a mortgage or refinancing an existing mortgage | 2 | 0.8% |
| PENNYMAC LOAN SERVICES, LLC. | VA mortgage | Struggling to pay mortgage | 5 | 1.9% |
| PENNYMAC LOAN SERVICES, LLC. | VA mortgage | Trouble during payment process | 26 | 10.0% |