Twinstar Mortgage Rates, Fees & Info

LACEY, WA

LEI: 549300UBGGLZLZEY0M18

Tax ID: 91-0440744

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Mortgage Data

Review & Overview

Twinstar is a smaller mortgage company specializing in Other and Home Purchase loans. Twinstar has a high proportion of conventional loans. Their top markets by origination volume include: Olympia, Centralia, Seattle, Aberdeen, and Portland among others. We have data for 17 markets. (Some data included below & more in-depth data is available with an active subscription.)

Twinstar 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. Twinstar 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.

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% 3/28/24
30 Year Conventional Purchase 6.64% 3/28/24
30 Year Conventional Refi 6.42% 3/28/24
30 Year Cash-out Refi 6.57% 3/28/24
15 Year Conventional Purchase 5.82% 3/28/24
15 Year Conventional Refi 5.64% 3/28/24
15 Year Cash-out Refi 5.64% 3/28/24
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.

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

1,218

Origination Dollar Volume (All Markets)

$135,600,000

Awards

TWINSTAR 30 Year Conventional Loans silver TWINSTAR 30 Year Conventional Loans bronze
Show all (2) awards

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) 554 $60,560,000 $109,314 $4,726 5.18%
Centralia, WA (FHA|USDA|VA) 229 $28,335,000 $123,734 $4,723 5.21%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 106 $13,830,000 $130,472 $5,542 5.37%
Aberdeen, WA (FHA|USDA|VA) 142 $12,680,000 $89,296 $4,217 5.18%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 135 $12,235,000 $90,630 $5,690 5.40%
Shelton, WA (FHA|USDA|VA) 21 $2,915,000 $138,810 $5,232 5.02%
Outside of Metro Areas 8 $1,800,000 $225,000 $7,248 4.67%
BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 5 $1,065,000 $213,000 $7,733 5.90%
LONGVIEW, WA (FHA|USDA|VA) 5 $865,000 $173,000 $3,601 4.85%
CORVALLIS, OR (FHA|USDA|VA) 1 $325,000 $325,000 $5,311 4.75%
YAKIMA, WA (FHA|USDA|VA) 2 $230,000 $115,000 $4,170 4.31%
BELLINGHAM, WA (FHA|USDA|VA) 2 $200,000 $100,000 $3,698 4.69%
MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) 2 $150,000 $75,000 $0 4.75%
SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 1 $125,000 $125,000 $0 5.00%
SALEM, OR (FHA|USDA|VA) 3 $115,000 $38,333 $0 6.17%
Moses Lake, WA (FHA|USDA|VA) 1 $105,000 $105,000 $2,939 4.63%
Port Angeles, WA (FHA|USDA|VA) 1 $65,000 $65,000 $0 6.50%
Twinstar's top markets include Olympia, Centralia, Seattle, Aberdeen, and Portland among others.

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

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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 842 $53,870,000 $63,979 n/a 5.48%
    Conventional 376 $81,730,000 $217,367 $4,823 4.64%

    For 2018, Twinstar's most frequently originated type of loan was HELOC, with 842 originations. Their 2nd most popular type was Conventional, with 376 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Other 466 $27,740,000 $59,528 $2,294 5.61%
    Home Improvement 280 $17,940,000 $64,071 $1,400 5.36%
    Home Purchase 220 $50,340,000 $228,818 $5,470 4.76%
    Refi 132 $15,980,000 $121,061 $4,026 4.83%
    Cash Out Refi 118 $22,970,000 $194,661 $4,164 4.66%
    NA 2 $630,000 $315,000 $0 5.50%

    For 2018, Twinstar's most frequently cited loan purpose was Other, with 466 originations. The 2nd most popular reason was Home Improvement, with 280 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    10 Year 857 $57,335,000 $66,902 $2,312 5.46%
    30 Year 249 $54,915,000 $220,542 $4,618 4.74%
    15 Year 43 $6,535,000 $151,977 $3,911 4.08%
    20 Year 30 $5,500,000 $183,333 $3,988 4.43%
    30+ year 30 $9,360,000 $312,000 $9,892 4.91%
    Other 7 $1,575,000 $225,000 $3,217 5.24%
    5 Year 2 $380,000 $190,000 $1,400 4.81%

    For 2018, Twinstar's most frequently cited loan duration was 10 Year, with 857 originations. The 2nd most popular length was 30 Year, with 249 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 119 $16,945,000 $142,395
    $2k-3k 111 $24,455,000 $220,315
    $3k-4k 56 $15,700,000 $280,357
    $<1k 30 $3,520,000 $117,333
    $4k-5k 26 $8,550,000 $328,846
    $5k+ 25 $9,165,000 $366,600

    Twinstar's average total fees were $4,618, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 119 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 753 $91,695,000 $121,773
    6-7% 257 $14,545,000 $56,595
    5-6% 124 $17,950,000 $144,758
    3-4% 53 $9,555,000 $180,283
    7-8% 31 $1,855,000 $59,839

    During 2018, Twinstar's average interest rate for loans was 4.74%, while their most frequently originated rate bucket for loans was 4-5%, with 753 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 735 $35,825,000 $48,741 $2,619 5.48%
    $100k-200k 264 $36,960,000 $140,000 $3,728 4.89%
    $200k-400k 199 $53,025,000 $266,457 $5,735 4.76%
    $400k-600k 18 $8,090,000 $449,444 $9,389 4.69%
    $1MM+ 1 $1,075,000 $1,075,000 $0 5.10%
    $600k-1MM 1 $625,000 $625,000 $0 5.11%

    2018 saw Twinstar place emphasis on $100,000 or less loans with 735 originations, totaling $35,825,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 351 $42,785,000 $121,895 $5,629 5.36%
    $50k-75k 282 $29,320,000 $103,972 $4,403 5.15%
    $75k-100k 246 $26,740,000 $108,699 $4,830 5.26%
    $150k-250k 156 $19,300,000 $123,718 $6,604 5.33%
    $50k or less 155 $12,345,000 $79,645 $3,413 4.86%
    $250k+ 21 $2,955,000 $140,714 $0 5.11%

    Twinstar lent most frequently to those with incomes in the $100k-150k range, with 351 originations. The second most popular income band? $50k-75k, with 282 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 297 $28,875,000 $97,222 $4,298 5.10%
    30-36% 241 $27,945,000 $115,954 $5,253 5.30%
    <20% 91 $7,975,000 $87,637 $3,755 4.81%
    44% 59 $6,825,000 $115,678 $5,534 5.65%
    37% 52 $6,640,000 $127,692 $5,252 5.18%
    42% 50 $7,100,000 $142,000 $4,609 5.06%
    45% 50 $5,500,000 $110,000 $5,397 5.51%
    40% 47 $4,675,000 $99,468 $3,813 5.30%
    39% 46 $5,640,000 $122,609 $5,612 5.32%
    41% 45 $5,735,000 $127,444 $4,935 5.27%
    43% 44 $4,980,000 $113,182 $5,751 5.45%
    36% 37 $4,905,000 $132,568 $4,706 5.23%
    38% 36 $3,270,000 $90,833 $4,098 5.60%
    46% 32 $2,980,000 $93,125 $5,472 5.48%
    50-60% 27 $1,645,000 $60,926 $3,652 4.75%
    47% 22 $3,170,000 $144,091 $6,161 5.31%
    48% 16 $2,250,000 $140,625 $4,923 4.76%
    49% 16 $2,070,000 $129,375 $5,590 5.07%
    >60% 4 $1,330,000 $332,500 $0 5.37%

    Twinstar lent most frequently to those with DTI ratios of 20-30%, with 297 originations. The next most common DTI ratio? 30-36%, with 241 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,056 $115,720,000 $109,583 $4,816 5.19%
    Not provided 82 $10,860,000 $132,439 $5,017 5.22%
    Asian 37 $3,645,000 $98,514 $4,514 5.45%
    Not applicable 6 $2,090,000 $348,333 $0 5.68%
    American Indian 17 $1,255,000 $73,824 $3,069 5.46%
    Native Hawaiian or Islander 9 $705,000 $78,333 $9,646 5.99%
    Black 8 $560,000 $70,000 $0 6.13%
    Vietnamese 1 $285,000 $285,000 $5,279 5.25%
    Filipino 1 $275,000 $275,000 $6,955 4.25%
    Other Asian 1 $205,000 $205,000 $3,748 5.63%

    Approval Rates

    Total approvals of all applications
    80.62%

    Twinstar has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    79.72%

    Twinstar has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,218 $135,600,000 $111,330

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 3 $2,065,000 $688,333
    Single Family (1-4 Units):Manufactured 16 $2,040,000 $127,500
    Single Family (1-4 Units):Site-Built 1,199 $131,495,000 $109,671

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 301 $23,305,000 $77,425 $2,936 5.44%
    40-60% 113 $15,715,000 $139,071 $3,573 4.72%
    60-80% 187 $39,595,000 $211,738 $4,933 4.75%
    80-100% 151 $36,975,000 $244,868 $5,603 4.75%
    Under 20% 465 $19,925,000 $42,849 $2,173 5.54%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    Townstone Financial Inc Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 100.0%