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, Cash Out Refi, and Home Purchase loans. Peninsula Community has a high proportion of conventional loans. Their top markets by origination volume include: Bremerton, Shelton, Seattle, Aberdeen, and Olympia among others. We have data for 8 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% | 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
63Origination Dollar Volume (All Markets)
$7,495,000Top 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) | 23 | $2,235,000 | $97,174 | $1,317 | 5.54% |
| Shelton, WA (FHA|USDA|VA) | 21 | $1,865,000 | $88,810 | $1,917 | 5.00% |
| Outside of Metro Areas | 9 | $1,655,000 | $183,889 | $4,205 | 4.89% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 3 | $765,000 | $255,000 | $4,811 | 4.77% |
| Aberdeen, WA (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $6,730 | 5.75% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 3 | $355,000 | $118,333 | $709 | 6.42% |
| KENNEWICK-RICHLAND, WA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,972 | 7.13% |
| Port Angeles, WA (FHA|USDA|VA) | 2 | $80,000 | $40,000 | $1,544 | 3.40% |
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 | 61 | $6,815,000 | $111,721 | $1,948 | 5.21% |
| VA | 2 | $680,000 | $340,000 | $9,463 | 5.81% |
For 2022, Peninsula Community's most frequently originated type of loan was Conventional, with 61 originations. Their 2nd most popular type was VA, with 2 originations.
Loan Reason
For 2022, Peninsula Community's most frequently cited loan purpose was Other, with 30 originations. The 2nd most popular reason was Home Improvement, with 11 originations.
Loan Duration/Length
For 2022, Peninsula Community's most frequently cited loan duration was 10 Year, with 28 originations. The 2nd most popular length was 30 Year, with 12 originations.
Origination Fees/Closing Costs
Peninsula Community's average total fees were $4,966, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 9 originations.
Interest Rates
During 2022, Peninsula Community's average interest rate for loans was 5.04%, while their most frequently originated rate bucket for loans was 4-5%, with 24 originations.
Loan Sizing
2022 saw Peninsula Community place emphasis on $100,000 or less loans with 40 originations, totaling $2,320,000 in origination value.
Applicant Income
Peninsula Community lent most frequently to those with incomes in the $75k-100k range, with 19 originations. The second most popular income band? $100k-150k, with 13 originations.
Applicant Debt to Income Ratio
Peninsula Community lent most frequently to those with DTI ratios of 20-30%, with 15 originations. The next most common DTI ratio? 30-36%, with 14 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications78.07%
Peninsula Community has a below average approval rate.
Pick Rate
Approvals leading to origination60.32%
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 | 63 | $7,495,000 | $118,968 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2022 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| PENNYMAC LOAN SERVICES, LLC. | Conventional home mortgage | Struggling to pay mortgage | 2 | 40.0% |
| PENNYMAC LOAN SERVICES, LLC. | FHA mortgage | Trouble during payment process | 1 | 20.0% |
| PENNYMAC LOAN SERVICES, LLC. | VA mortgage | Incorrect information on your report | 1 | 20.0% |
| PENNYMAC LOAN SERVICES, LLC. | VA mortgage | Struggling to pay mortgage | 1 | 20.0% |