Peninsula Community Mortgage Rates, Fees & Info

Shelton, WA

LEI: 549300TEBV514KLDE180

Tax ID: 91-0533444

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Peninsula Community is a smaller mortgage company specializing in Refi, Cash Out Refi, and Home Purchase loans. Peninsula Community has a high proportion of conventional loans. Their top markets by origination volume include: Shelton, Bremerton, Seattle, Olympia, and Wenatchee 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.

    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 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






    Your Estimates

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

    This is not an official calculator from Peninsula Community. 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

    41

    Origination Dollar Volume (All Markets)

    $8,955,000

    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
    Shelton, WA (FHA|USDA|VA) 20 $4,320,000 $216,000 $3,351 3.58%
    BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 11 $1,815,000 $165,000 $3,337 4.22%
    Outside of Metro Areas 4 $950,000 $237,500 $5,148 3.50%
    Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 2 $670,000 $335,000 $4,952 2.81%
    OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 2 $470,000 $235,000 $4,918 3.13%
    WENATCHEE, WA (FHA|USDA|VA) 1 $395,000 $395,000 $6,551 2.88%
    Aberdeen, WA (FHA|USDA|VA) 1 $335,000 $335,000 $1,852 3.50%
    Peninsula Community's top markets include Shelton, Bremerton, Seattle, Olympia, and Wenatchee among others.

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

    • 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.

    TWINSTAR
    Similarity Rank: 987
    WASHINGTON STATE EMPLOYEES Credit Union
    Similarity Rank: 1332
    HomeStreet Bank
    Similarity Rank: 1900
    1st Security Bank of Washington
    Similarity Rank: 2337
    Boeing Employees Credit Union
    Similarity Rank: 2760
    BETTER MORTGAGE CORPORATION
    Similarity Rank: 3375
    LAKEVIEW LOAN SERVICING, LLC
    Similarity Rank: 3970
    The Federal Savings Bank
    Similarity Rank: 5173
    Umpqua Bank
    Similarity Rank: 6100
    PRIMARY RESIDENTIAL MORTGAGE, INC.
    Similarity Rank: 8320

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 37 $7,415,000 $200,405 $3,749 3.73%
    VA 4 $1,540,000 $385,000 $3,593 3.09%

    For 2020, Peninsula Community's most frequently originated type of loan was Conventional, with 37 originations. Their 2nd most popular type was VA, with 4 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 12 $3,150,000 $262,500 $3,945 3.02%
    Cash Out Refi 12 $2,780,000 $231,667 $4,005 3.43%
    Other 9 $1,085,000 $120,556 $2,016 5.24%
    Home Purchase 8 $1,940,000 $242,500 $5,175 3.23%

    For 2020, Peninsula Community's most frequently cited loan purpose was Refi, with 12 originations. The 2nd most popular reason was Cash Out Refi, with 12 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 21 $5,305,000 $252,619 $3,875 3.39%
    15 Year 10 $2,250,000 $225,000 $4,625 3.32%
    10 Year 5 $425,000 $85,000 $1,474 5.37%
    20 Year 3 $835,000 $278,333 $3,362 3.21%
    5 Year 1 $25,000 $25,000 $388 4.75%
    Other 1 $115,000 $115,000 $8,056 4.75%

    For 2020, Peninsula Community's most frequently cited loan duration was 30 Year, with 21 originations. The 2nd most popular length was 15 Year, with 10 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $2k-3k 13 $3,005,000 $231,154
    $<1k 7 $1,995,000 $285,000
    $1k-2k 7 $1,315,000 $187,857
    $3k-4k 4 $1,140,000 $285,000
    $4k-5k 2 $740,000 $370,000
    $5k+ 1 $215,000 $215,000

    Peninsula Community's average total fees were $3,875, 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
    3-4% 18 $4,490,000 $249,444
    2.5-3% 11 $2,795,000 $254,091
    <2.5% 4 $960,000 $240,000
    4-5% 3 $365,000 $121,667
    5-6% 3 $235,000 $78,333
    7-8% 1 $55,000 $55,000
    Over 8% 1 $55,000 $55,000

    During 2020, Peninsula Community's average interest rate for loans was 3.39%, while their most frequently originated rate bucket for loans was 3-4%, with 18 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 18 $5,160,000 $286,667 $4,441 3.31%
    $100k-200k 14 $2,040,000 $145,714 $3,939 3.35%
    $100,000 or less 6 $330,000 $55,000 $1,024 5.85%
    $400k-600k 3 $1,425,000 $475,000 $4,240 2.96%

    2020 saw Peninsula Community place emphasis on $200k-400k loans with 18 originations, totaling $5,160,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 14 $3,770,000 $269,286 $3,209 3.52%
    $75k-100k 9 $2,035,000 $226,111 $4,910 3.40%
    $150k-250k 7 $1,475,000 $210,714 $4,007 4.20%
    $50k-75k 6 $1,010,000 $168,333 $3,041 4.25%
    $50k or less 5 $665,000 $133,000 $3,692 3.10%

    Peninsula Community lent most frequently to those with incomes in the $100k-150k range, with 14 originations. The second most popular income band? $75k-100k, with 9 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 12 $2,600,000 $216,667 $3,883 3.30%
    30-36% 7 $1,355,000 $193,571 $3,189 3.56%
    42% 3 $515,000 $171,667 $2,152 4.13%
    40% 3 $965,000 $321,667 $4,122 4.51%
    <20% 3 $305,000 $101,667 $4,393 4.97%
    39% 2 $460,000 $230,000 $4,856 3.81%
    45% 2 $720,000 $360,000 $3,194 3.19%
    46% 2 $850,000 $425,000 $3,074 3.31%
    50-60% 1 $215,000 $215,000 $9,759 3.13%
    36% 1 $165,000 $165,000 $3,272 2.25%
    38% 1 $135,000 $135,000 $3,813 2.75%
    41% 1 $65,000 $65,000 $2,676 3.75%
    43% 1 $205,000 $205,000 $5,021 3.88%
    44% 1 $35,000 $35,000 $355 5.65%
    48% 1 $365,000 $365,000 $4,078 3.00%

    Peninsula Community lent most frequently to those with DTI ratios of 20-30%, with 12 originations. The next most common DTI ratio? 30-36%, with 7 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 33 $7,195,000 $218,030 $3,825 3.62%
    Not provided 4 $1,040,000 $260,000 $2,968 3.63%
    Asian 2 $490,000 $245,000 $4,943 3.56%
    American Indian 1 $195,000 $195,000 $4,214 3.50%
    Black 1 $35,000 $35,000 $355 5.65%

    Approval Rates

    Total approvals of all applications
    66.39%

    Peninsula Community has a low approval rate. They may have poor market targeting or stringent lending standards.

    Pick Rate

    Approvals leading to origination
    4.88%

    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 41 $8,955,000 $218,415

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 2 $510,000 $255,000
    Single Family (1-4 Units):Site-Built 39 $8,445,000 $216,538

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 8 $760,000 $95,000 $1,971 4.51%
    40-60% 10 $2,250,000 $225,000 $4,513 3.30%
    60-80% 15 $3,915,000 $261,000 $4,443 3.37%
    80-100% 6 $1,940,000 $323,333 $4,203 3.00%
    Under 20% 2 $90,000 $45,000 $822 6.40%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    PENNYMAC LOAN SERVICES, LLC. Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 32 9.8%
    PENNYMAC LOAN SERVICES, LLC. Conventional home mortgage Closing on a mortgage 12 3.7%
    PENNYMAC LOAN SERVICES, LLC. Conventional home mortgage Incorrect information on your report 3 0.9%
    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 16 4.9%
    PENNYMAC LOAN SERVICES, LLC. Conventional home mortgage Trouble during payment process 75 22.9%
    PENNYMAC LOAN SERVICES, LLC. FHA mortgage Applying for a mortgage or refinancing an existing mortgage 15 4.6%
    PENNYMAC LOAN SERVICES, LLC. FHA mortgage Closing on a mortgage 9 2.8%
    PENNYMAC LOAN SERVICES, LLC. FHA mortgage Incorrect information on your report 9 2.8%
    PENNYMAC LOAN SERVICES, LLC. FHA mortgage Problem with a credit reporting company's investigation into an existing problem 5 1.5%
    PENNYMAC LOAN SERVICES, LLC. FHA mortgage Struggling to pay mortgage 23 7.0%
    PENNYMAC LOAN SERVICES, LLC. FHA mortgage Trouble during payment process 46 14.1%
    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 1 0.3%
    PENNYMAC LOAN SERVICES, LLC. Other type of mortgage Incorrect information on your report 1 0.3%
    PENNYMAC LOAN SERVICES, LLC. Other type of mortgage Struggling to pay mortgage 2 0.6%
    PENNYMAC LOAN SERVICES, LLC. Other type of mortgage Trouble during payment process 6 1.8%
    PENNYMAC LOAN SERVICES, LLC. VA mortgage Applying for a mortgage or refinancing an existing mortgage 15 4.6%
    PENNYMAC LOAN SERVICES, LLC. VA mortgage Closing on a mortgage 5 1.5%
    PENNYMAC LOAN SERVICES, LLC. VA mortgage Incorrect information on your report 4 1.2%
    PENNYMAC LOAN SERVICES, LLC. VA mortgage Struggling to pay mortgage 10 3.1%
    PENNYMAC LOAN SERVICES, LLC. VA mortgage Trouble during payment process 36 11.0%