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 Home Purchase and Cash Out Refi loans. Peninsula Community has a high proportion of conventional loans. Their top markets by origination volume include: Bremerton, Shelton, Port Angeles, Seattle, and Olympia among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)Peninsula Community 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. Peninsula Community 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 7.28% | 12/16/24 |
| 30 Year Conventional Refi | 6.58% | 12/16/24 |
| 30 Year Cash-out Refi | 6.90% | 12/16/24 |
| 30 Year VA Purchase | 7.11% | 12/16/24 |
| 15 Year Conventional Refi | 6.22% | 12/16/24 |
| 15 Year Cash-out Refi | 6.22% | 12/16/24 |
| 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
Your Estimates
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
36Origination Dollar Volume (All Markets)
$4,590,000Top 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) | 12 | $1,720,000 | $143,333 | $3,180 | 4.91% |
| Shelton, WA (FHA|USDA|VA) | 14 | $1,370,000 | $97,857 | $3,027 | 4.55% |
| Outside of Metro Areas | 4 | $480,000 | $120,000 | $2,941 | 5.63% |
| Port Angeles, WA (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $4,345 | 4.50% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $4,784 | 4.13% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $5,587 | 3.63% |
| Centralia, WA (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $2,328 | 5.38% |
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 | 35 | $4,345,000 | $124,143 | $3,165 | 4.77% |
| VA | 1 | $245,000 | $245,000 | $8,158 | 4.50% |
For 2019, Peninsula Community's most frequently originated type of loan was Conventional, with 35 originations. Their 2nd most popular type was VA, with 1 originations.
Loan Reason
For 2019, Peninsula Community's most frequently cited loan purpose was Other, with 12 originations. The 2nd most popular reason was Home Purchase, with 11 originations.
Loan Duration/Length
For 2019, Peninsula Community's most frequently cited loan duration was 30 Year, with 19 originations. The 2nd most popular length was 10 Year, with 6 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $2k-3k | 13 | $2,345,000 | $180,385 |
| $1k-2k | 6 | $550,000 | $91,667 |
| $<1k | 2 | $310,000 | $155,000 |
| $3k-4k | 2 | $570,000 | $285,000 |
Peninsula Community's average total fees were $4,436, while their most frequently occuring range of origination fees (closing costs) were in the $2k-3k bucket, with 13 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 18 | $2,600,000 | $144,444 |
| 3-4% | 8 | $1,250,000 | $156,250 |
| 5-6% | 5 | $435,000 | $87,000 |
| 6-7% | 3 | $165,000 | $55,000 |
| 7-8% | 2 | $140,000 | $70,000 |
During 2019, Peninsula Community's average interest rate for loans was 4.47%, while their most frequently originated rate bucket for loans was 4-5%, with 18 originations.
Loan Sizing
2019 saw Peninsula Community place emphasis on $100,000 or less loans with 16 originations, totaling $810,000 in origination value.
Applicant Income
Peninsula Community lent most frequently to those with incomes in the $50k or less range, with 11 originations. The second most popular income band? $100k-150k, with 8 originations.
Applicant Debt to Income Ratio
Peninsula Community lent most frequently to those with DTI ratios of 20-30%, with 11 originations. The next most common DTI ratio? 30-36%, with 7 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications55.56%
Peninsula Community has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick Rate
Approvals leading to origination25.00%
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 |
|---|---|---|---|
| NA | 36 | $4,590,000 | $127,500 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 6 | $640,000 | $106,667 |
| Single Family (1-4 Units):Site-Built | 30 | $3,950,000 | $131,667 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| PENNYMAC LOAN SERVICES, LLC. | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 8 | 2.8% |
| PENNYMAC LOAN SERVICES, LLC. | Conventional home mortgage | Closing on a mortgage | 9 | 3.1% |
| PENNYMAC LOAN SERVICES, LLC. | Conventional home mortgage | Incorrect information on your report | 1 | 0.3% |
| PENNYMAC LOAN SERVICES, LLC. | Conventional home mortgage | Problem with a credit reporting company's investigation into an existing problem | 1 | 0.3% |
| PENNYMAC LOAN SERVICES, LLC. | Conventional home mortgage | Struggling to pay mortgage | 21 | 7.3% |
| PENNYMAC LOAN SERVICES, LLC. | Conventional home mortgage | Trouble during payment process | 76 | 26.4% |
| PENNYMAC LOAN SERVICES, LLC. | FHA mortgage | Applying for a mortgage or refinancing an existing mortgage | 7 | 2.4% |
| PENNYMAC LOAN SERVICES, LLC. | FHA mortgage | Closing on a mortgage | 5 | 1.7% |
| PENNYMAC LOAN SERVICES, LLC. | FHA mortgage | Incorrect information on your report | 1 | 0.3% |
| PENNYMAC LOAN SERVICES, LLC. | FHA mortgage | Problem with a credit reporting company's investigation into an existing problem | 4 | 1.4% |
| PENNYMAC LOAN SERVICES, LLC. | FHA mortgage | Struggling to pay mortgage | 28 | 9.7% |
| PENNYMAC LOAN SERVICES, LLC. | FHA mortgage | Trouble during payment process | 51 | 17.7% |
| PENNYMAC LOAN SERVICES, LLC. | Other type of mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 0.3% |
| PENNYMAC LOAN SERVICES, LLC. | Other type of mortgage | Closing on a mortgage | 2 | 0.7% |
| PENNYMAC LOAN SERVICES, LLC. | Other type of mortgage | Struggling to pay mortgage | 4 | 1.4% |
| PENNYMAC LOAN SERVICES, LLC. | Other type of mortgage | Trouble during payment process | 11 | 3.8% |
| PENNYMAC LOAN SERVICES, LLC. | VA mortgage | Applying for a mortgage or refinancing an existing mortgage | 8 | 2.8% |
| PENNYMAC LOAN SERVICES, LLC. | VA mortgage | Struggling to pay mortgage | 5 | 1.7% |
| PENNYMAC LOAN SERVICES, LLC. | VA mortgage | Trouble during payment process | 45 | 15.6% |