Twinstar Mortgage Rates, Fees & Info
LACEY, WALEI: 549300UBGGLZLZEY0M18
Tax ID: 91-0440744
2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Overview
Twinstar is a smaller mortgage company specializing in Cash Out Refi and Refi loans. Twinstar has a high proportion of conventional loans. Their top markets include Olympia, Centralia, Seattle, Portland, and Aberdeen among others. Twinstar has an average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Twinstar is typically an average fee lendor.Originations
1,355Origination Dollar Volume (All Markets)
$234,245,000Awards
TWINSTAR - 2021
TWINSTAR is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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Relative Rate
Twinstar's average 30 year fixed rate mortgage of loans were
3.07%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of -0.08%.
Relative Fees
Twinstar's average total fees for a 30 year fixed rate
mortgage are $3,374.
The average total origination fees for 30 year fixed rate mortgages (for all loan values, including
both points & up-front fees in addition to origination fees) are $4,750.
Top Markets
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 613 | $109,185,000 | $178,116 | $3,019 | 3.18% |
| Centralia, WA (FHA|USDA|VA) | 265 | $45,225,000 | $170,660 | $3,136 | 3.23% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 109 | $24,015,000 | $220,321 | $3,684 | 3.38% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 144 | $23,480,000 | $163,056 | $3,264 | 3.44% |
| Aberdeen, WA (FHA|USDA|VA) | 163 | $21,805,000 | $133,773 | $3,246 | 3.29% |
| Shelton, WA (FHA|USDA|VA) | 28 | $4,870,000 | $173,929 | $3,495 | 3.25% |
| SALEM, OR (FHA|USDA|VA) | 6 | $1,080,000 | $180,000 | $3,393 | 3.67% |
| LONGVIEW, WA (FHA|USDA|VA) | 6 | $1,040,000 | $173,333 | $3,166 | 3.06% |
| MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) | 4 | $910,000 | $227,500 | $3,513 | 3.03% |
| Outside of Metro Areas | 3 | $465,000 | $155,000 | $4,728 | 3.13% |
| Oak Harbor, WA (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $3,694 | 3.13% |
| Ellensburg, WA (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $1,755 | 2.75% |
| Port Angeles, WA (FHA|USDA|VA) | 3 | $335,000 | $111,667 | $3,465 | 2.88% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 3 | $315,000 | $105,000 | $3,457 | 3.63% |
| BEND, OR (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $4,104 | 2.50% |
| Moses Lake, WA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $4,709 | 2.88% |
| YAKIMA, WA (FHA|USDA|VA) | 2 | $180,000 | $90,000 | $2,698 | 2.88% |
| Coos Bay, OR (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,449 | 3.13% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 3.25% |
Twinstar's top markets include Olympia, Centralia, Seattle, Portland, and Aberdeen among others.
Product Mix
| Loan Type | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Conventional | 1,355 | $234,245,000 | $172,875 | $3,162 | 3.25% |
For the 2021 period, Twinstar's most frequently originated loan type of loans were Conventional, with 1,355 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Cash Out Refi | 415 | $100,835,000 | $242,976 | $3,224 | 2.91% |
| Other | 321 | $26,675,000 | $83,100 | $4,632 | 3.77% |
| Refi | 270 | $53,430,000 | $197,889 | $2,881 | 2.79% |
| Home Improvement | 240 | $21,470,000 | $89,458 | $2,268 | 3.68% |
| Home Purchase | 109 | $31,835,000 | $292,064 | $3,770 | 3.18% |
For the 2021, Twinstar's most frequently cited loan purpose of loans were Cash Out Refi, with 415 originations. The 2nd most popular reason of loans were Other, with 321 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 10 Year | 595 | $52,045,000 | $87,471 | $2,445 | 3.73% |
| 30 Year | 466 | $122,730,000 | $263,369 | $3,374 | 3.07% |
| 15 Year | 190 | $36,210,000 | $190,579 | $2,817 | 2.37% |
| 20 Year | 98 | $21,580,000 | $220,204 | $2,985 | 2.86% |
| 5 Year | 3 | $255,000 | $85,000 | $2,900 | 5.83% |
| Other | 3 | $1,425,000 | $475,000 | $1,293 | 2.56% |
For the 2021, Twinstar's most frequently cited loan length of loans were 10 Year, with 595 originations. The 2nd most popular length of loans were 30 Year, with 466 originations.
Origination Fees
| Origination Fee | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 383 | $89,145,000 | $232,755 |
| $1k-2k | 131 | $22,725,000 | $173,473 |
| $2k-3k | 119 | $27,455,000 | $230,714 |
| $3k-4k | 103 | $32,185,000 | $312,476 |
| $5k+ | 20 | $8,050,000 | $402,500 |
$3,374 of loans were Twinstar's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 383 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 616 | $87,140,000 | $141,461 |
| 2.5-3% | 393 | $95,055,000 | $241,870 |
| <2.5% | 180 | $34,630,000 | $192,389 |
| 5-6% | 152 | $11,330,000 | $74,539 |
| 4-5% | 8 | $2,130,000 | $266,250 |
During 2021, Twinstar's average interest rate of loans were 3.07%, while their most frequently originated rate bucket of loans were 3-4%, with 616 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100,000 or less | 442 | $23,920,000 | $54,118 | $2,199 | 3.70% |
| $100k-200k | 430 | $62,220,000 | $144,698 | $2,571 | 3.09% |
| $200k-400k | 413 | $113,795,000 | $275,533 | $3,463 | 2.97% |
| $400k-600k | 63 | $28,975,000 | $459,921 | $4,695 | 3.02% |
| $600k-1MM | 6 | $4,130,000 | $688,333 | $2,906 | 3.22% |
| $1MM+ | 1 | $1,205,000 | $1,205,000 | $0 | 0.00% |
2021 saw Twinstar place emphasis on $100,000 or less loans with 442 originations, totaling $23,920,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100k-150k | 343 | $64,195,000 | $187,157 | $3,528 | 3.36% |
| $50k-75k | 287 | $44,995,000 | $156,777 | $2,852 | 3.10% |
| $75k-100k | 283 | $46,725,000 | $165,106 | $3,414 | 3.25% |
| $150k-250k | 227 | $42,945,000 | $189,185 | $3,578 | 3.38% |
| $50k or less | 162 | $20,820,000 | $128,519 | $2,423 | 3.00% |
| $250k+ | 38 | $7,930,000 | $208,684 | $4,397 | 3.73% |
Twinstar lent most frequently to those with incomes in the $100k-150k range, with 343 originations. The second most popular income band? $50k-75k, with 287 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-30% | 339 | $60,145,000 | $177,419 | $3,263 | 3.09% |
| 30-36% | 293 | $50,765,000 | $173,259 | $3,031 | 3.32% |
| <20% | 146 | $21,830,000 | $149,521 | $2,705 | 2.98% |
| 41% | 61 | $10,515,000 | $172,377 | $3,403 | 3.30% |
| 42% | 54 | $10,000,000 | $185,185 | $3,368 | 3.36% |
| 45% | 54 | $6,230,000 | $115,370 | $2,724 | 3.71% |
| 44% | 53 | $7,795,000 | $147,075 | $3,591 | 3.54% |
| 43% | 50 | $8,790,000 | $175,800 | $3,777 | 3.41% |
| 40% | 49 | $9,425,000 | $192,347 | $3,296 | 3.26% |
| 37% | 47 | $8,635,000 | $183,723 | $3,442 | 3.45% |
| 39% | 41 | $7,235,000 | $176,463 | $3,056 | 3.30% |
| 38% | 39 | $7,105,000 | $182,179 | $3,294 | 3.24% |
| 36% | 38 | $5,880,000 | $154,737 | $3,016 | 3.53% |
| 46% | 23 | $3,175,000 | $138,043 | $2,623 | 3.18% |
| 48% | 21 | $4,565,000 | $217,381 | $3,242 | 3.12% |
| 47% | 19 | $3,235,000 | $170,263 | $3,576 | 3.49% |
| 49% | 15 | $3,465,000 | $231,000 | $3,099 | 2.96% |
| 50-60% | 5 | $765,000 | $153,000 | $4,052 | 3.05% |
Twinstar lent most frequently to those with DTI ratios of 20-30%, with 339 originations. The next most common DTI ratio? 30-36%, with 293 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 1,093 | $182,195,000 | $166,693 | $3,149 | 3.26% |
| Not provided | 174 | $33,160,000 | $190,575 | $3,298 | 3.23% |
| Asian | 31 | $5,445,000 | $175,645 | $3,090 | 3.10% |
| American Indian | 29 | $5,215,000 | $179,828 | $3,047 | 3.30% |
| Not applicable | 6 | $4,280,000 | $713,333 | $0 | 3.62% |
| Black | 11 | $2,055,000 | $186,818 | $2,203 | 3.39% |
| Other Asian | 3 | $735,000 | $245,000 | $4,109 | 2.83% |
| Native Hawaiian | 4 | $470,000 | $117,500 | $2,344 | 3.56% |
| Korean | 1 | $245,000 | $245,000 | $4,766 | 2.88% |
| Filipino | 1 | $175,000 | $175,000 | $1,641 | 3.00% |
| Other Pacific Islander | 1 | $135,000 | $135,000 | $3,710 | 2.50% |
| Asian Indian | 1 | $135,000 | $135,000 | $3,650 | 2.00% |
Approval Rates
Total approvals of all applications79.38%
Twinstar has a below average approval rate.
Pick Rate
Approvals leading to origination81.79%
Twinstar has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 1,355 | $234,245,000 | $172,875 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 1,355 | $234,245,000 | $172,875 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-40% | 328 | $40,050,000 | $122,104 | $2,327 | 3.29% |
| 40-60% | 327 | $68,645,000 | $209,924 | $2,814 | 2.87% |
| 60-80% | 269 | $76,205,000 | $283,290 | $3,673 | 3.07% |
| 80-100% | 91 | $28,355,000 | $311,593 | $4,206 | 3.11% |
| Under 20% | 335 | $17,315,000 | $51,687 | $1,854 | 3.77% |
