Twinstar Mortgage Rates, Fees & Info

LACEY, WA

LEI: 549300UBGGLZLZEY0M18

Tax ID: 91-0440744

5 stars - Updated: 7/11/24 - out of 5 stars, based on 38 reviews

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

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Mortgage Data

Review & Overview

Twinstar is a smaller mortgage company specializing in Home Improvement, Other, and Home Purchase loans. Twinstar has a high proportion of conventional loans. Their top markets by origination volume include: Olympia, Portland, Eugene, Roseburg, and Medford among others. We have data for 33 markets. (Some data included below & more in-depth data is available with an active subscription.)

Twinstar 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. Twinstar 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 relatively high 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.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
Home Equity Line of Credit (HELOC) 5.76% 7/11/24
30 Year Conventional Purchase 6.64% 7/11/24
30 Year Conventional Refi 6.42% 7/11/24
30 Year Cash-out Refi 6.57% 7/11/24
15 Year Conventional Purchase 5.82% 7/11/24
15 Year Conventional Refi 5.64% 7/11/24
15 Year Cash-out Refi 5.64% 7/11/24
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.

Twinstar Mortgage Calculator






Your Estimates

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

This is not an official calculator from Twinstar. 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

1,444

Origination Dollar Volume (All Markets)

$195,360,000
Show all (5) awards

Relative Rate

Twinstar's average 30 year fixed mortgage rate was 7.37%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of 0.89%.

Relative Fees (Closing Costs)

Twinstar's average total fees/closing costs for a 30 year fixed rate mortgage were $6,405.

The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $9,089.

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
OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 259 $30,715,000 $118,591 $3,598 8.09%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 156 $30,040,000 $192,564 $8,039 7.43%
EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 263 $29,015,000 $110,323 $7,197 6.67%
Roseburg, OR (FHA|USDA|VA) 119 $14,865,000 $124,916 $8,060 6.56%
MEDFORD, OR (FHA|USDA|VA) 88 $12,050,000 $136,932 $7,491 6.80%
Aberdeen, WA (FHA|USDA|VA) 112 $11,540,000 $103,036 $3,903 7.86%
Centralia, WA (FHA|USDA|VA) 109 $10,565,000 $96,927 $2,609 8.24%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 54 $9,100,000 $168,519 $5,784 8.41%
SALEM, OR (FHA|USDA|VA) 30 $8,750,000 $291,667 $7,364 6.72%
Coos Bay, OR (FHA|USDA|VA) 51 $6,425,000 $125,980 $7,143 6.77%
ALBANY-LEBANON, OR (FHA|USDA|VA) 61 $6,005,000 $98,443 $10,363 6.83%
LONGVIEW, WA (FHA|USDA|VA) 9 $5,995,000 $666,111 $5,090 7.63%
BEND, OR (FHA|USDA|VA) 49 $4,925,000 $100,510 $6,998 6.46%
Outside of Metro Areas 17 $2,505,000 $147,353 $5,738 7.17%
MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) 4 $1,780,000 $445,000 $0 7.78%
GRANTS PASS, OR (FHA|USDA|VA) 21 $1,745,000 $83,095 $11,978 7.10%
Astoria, OR (FHA|USDA|VA) 2 $1,550,000 $775,000 $0 6.56%
SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 4 $1,460,000 $365,000 $1,653 6.49%
Shelton, WA (FHA|USDA|VA) 8 $1,140,000 $142,500 $4,466 8.11%
WALLA WALLA, WA (FHA|USDA|VA) 1 $1,005,000 $1,005,000 $0 4.00%
BELLINGHAM, WA (FHA|USDA|VA) 3 $905,000 $301,667 $7,228 7.67%
CORVALLIS, OR (FHA|USDA|VA) 6 $790,000 $131,667 $10,386 6.95%
WENATCHEE, WA (FHA|USDA|VA) 2 $780,000 $390,000 $3,146 6.81%
Klamath Falls, OR (FHA|USDA|VA) 4 $490,000 $122,500 $10,074 5.90%
Brookings, OR (FHA|USDA|VA) 2 $330,000 $165,000 $0 7.37%
BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 1 $285,000 $285,000 $2,948 7.50%
Newport, OR (FHA|USDA|VA) 3 $195,000 $65,000 $0 6.99%
Oak Harbor, WA (FHA|USDA|VA) 1 $115,000 $115,000 $0 8.50%
Prineville, OR (FHA|USDA|VA) 1 $85,000 $85,000 $0 7.99%
YAKIMA, WA (FHA|USDA|VA) 1 $75,000 $75,000 $0 8.50%
Hermiston-Pendleton, OR (FHA|USDA|VA) 1 $65,000 $65,000 $0 5.74%
Moses Lake, WA (FHA|USDA|VA) 1 $55,000 $55,000 $0 5.74%
La Grande, OR (FHA|USDA|VA) 1 $15,000 $15,000 $0 5.49%
Twinstar's top markets include Olympia, Portland, Eugene, Roseburg, and Medford among others.

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

    We use machine learning to identify the top lenders compared against TWINSTAR based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Bank of the Pacific
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    CU HOME MORTGAGE SOLUTIONS, LLC
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    COLUMBIA COMMUNITY CREDIT UNION
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    ADVANTIS
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 1,227 $99,715,000 $81,267 n/a 7.47%
    Conventional 211 $93,815,000 $444,621 $6,170 6.43%
    VA 6 $1,830,000 $305,000 $5,785 6.23%

    For 2023, Twinstar's most frequently originated type of loan was HELOC, with 1,227 originations. Their 2nd most popular type was Conventional, with 211 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 583 $45,195,000 $77,521 $3,908 7.44%
    Other 555 $44,115,000 $79,486 $0 7.46%
    Home Purchase 172 $72,500,000 $421,512 $6,515 6.68%
    Refi 88 $12,620,000 $143,409 $5,547 7.43%
    Cash Out Refi 46 $20,930,000 $455,000 $5,226 6.09%

    For 2023, Twinstar's most frequently cited loan purpose was Home Improvement, with 583 originations. The 2nd most popular reason was Other, with 555 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    10 Year 769 $90,435,000 $117,601 $2,748 7.61%
    30 Year 345 $73,575,000 $213,261 $6,405 7.37%
    20 Year 271 $24,475,000 $90,314 $4,999 6.74%
    15 Year 56 $6,600,000 $117,857 $4,535 5.87%
    Other 2 $260,000 $130,000 $0 6.62%
    5 Year 1 $15,000 $15,000 $0 5.49%

    For 2023, Twinstar's most frequently cited loan duration was 10 Year, with 769 originations. The 2nd most popular length was 30 Year, with 345 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 62 $18,590,000 $299,839
    $5k+ 45 $17,665,000 $392,556
    $3k-4k 30 $9,650,000 $321,667
    $4k-5k 23 $6,475,000 $281,522
    $2k-3k 19 $4,875,000 $256,579
    $1k-2k 13 $3,265,000 $251,154

    Twinstar's average total fees were $6,405, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 62 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    Over 8% 473 $41,325,000 $87,368
    6-7% 358 $55,680,000 $155,531
    7-8% 322 $36,790,000 $114,255
    5-6% 278 $56,010,000 $201,475
    4-5% 11 $3,475,000 $315,909
    3-4% 2 $2,080,000 $1,040,000

    During 2023, Twinstar's average interest rate for loans was 7.37%, while their most frequently originated rate bucket for loans was Over 8%, with 473 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 906 $47,980,000 $52,958 $3,516 7.41%
    $100k-200k 278 $36,610,000 $131,691 $4,118 7.43%
    $200k-400k 197 $53,905,000 $273,629 $6,436 7.09%
    $400k-600k 38 $17,940,000 $472,105 $6,890 6.59%
    $1MM+ 13 $29,595,000 $2,276,538 $18,885 5.53%
    $600k-1MM 12 $9,330,000 $777,500 $9,739 5.73%

    2023 saw Twinstar place emphasis on $100,000 or less loans with 906 originations, totaling $47,980,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 408 $50,460,000 $123,676 $6,288 7.37%
    $75k-100k 294 $28,940,000 $98,435 $6,431 7.35%
    $50k-75k 269 $21,195,000 $78,792 $4,937 7.15%
    $150k-250k 265 $37,595,000 $141,868 $7,375 7.40%
    $50k or less 108 $6,390,000 $59,167 $3,431 7.29%
    $250k+ 69 $15,765,000 $228,478 $8,332 7.47%

    Twinstar lent most frequently to those with incomes in the $100k-150k range, with 408 originations. The second most popular income band? $75k-100k, with 294 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 314 $31,230,000 $99,459 $6,231 7.17%
    30-36% 290 $34,120,000 $117,655 $6,993 7.20%
    <20% 100 $10,310,000 $103,100 $4,997 6.99%
    42% 81 $11,525,000 $142,284 $7,009 7.31%
    43% 70 $6,580,000 $94,000 $4,586 7.43%
    41% 65 $8,335,000 $128,231 $6,234 7.17%
    39% 65 $9,285,000 $142,846 $5,069 7.08%
    38% 61 $7,585,000 $124,344 $9,257 7.58%
    40% 56 $8,090,000 $144,464 $5,212 7.12%
    50-60% 54 $5,980,000 $110,741 $6,755 8.19%
    37% 54 $6,930,000 $128,333 $4,397 7.28%
    44% 46 $3,850,000 $83,696 $3,495 7.51%
    36% 43 $4,005,000 $93,140 $8,210 7.19%
    46% 33 $3,845,000 $116,515 $4,953 8.07%
    45% 29 $3,015,000 $103,966 $5,460 8.56%
    47% 23 $2,455,000 $106,739 $5,964 8.04%
    49% 23 $2,815,000 $122,391 $4,765 8.12%
    48% 16 $1,320,000 $82,500 $11,453 8.04%
    >60% 1 $105,000 $105,000 $0 8.50%

    Twinstar lent most frequently to those with DTI ratios of 20-30%, with 314 originations. The next most common DTI ratio? 30-36%, with 290 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,187 $130,655,000 $110,072 $5,972 7.34%
    Not applicable 20 $33,980,000 $1,699,000 $0 5.70%
    Not provided 166 $23,070,000 $138,976 $7,364 7.22%
    Asian 28 $3,460,000 $123,571 $2,861 7.71%
    American Indian 26 $2,580,000 $99,231 $5,538 7.08%
    Black 11 $1,115,000 $101,364 $4,653 7.57%
    Other Pacific Islander 2 $190,000 $95,000 $0 6.49%
    Native Hawaiian or Islander 2 $180,000 $90,000 $0 10.38%
    Filipino 2 $130,000 $65,000 $0 7.75%

    Approval Rates

    Total approvals of all applications
    68.96%

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

    Pick Rate

    Approvals leading to origination
    83.73%

    Twinstar has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,444 $195,360,000 $135,291

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,444 $195,360,000 $135,291

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 326 $42,800,000 $131,288 $3,089 7.60%
    40-60% 83 $26,705,000 $321,747 $5,206 7.02%
    60-80% 74 $40,890,000 $552,568 $6,811 6.29%
    80-100% 95 $34,535,000 $363,526 $6,919 6.80%
    Under 20% 866 $50,430,000 $58,233 $3,539 7.38%