Twinstar Mortgage Rates, Fees & Info

LACEY, WA

LEI: 549300UBGGLZLZEY0M18

Tax ID: 91-0440744

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

Jump to:

Mortgage Data

Review & Overview

Twinstar is a smaller mortgage company specializing in Refi and Cash Out Refi loans. Twinstar has a high proportion of conventional loans. Their top markets by origination volume include: Olympia, Centralia, Portland, Aberdeen, and Seattle among others. We have data for 21 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

1,469

Origination Dollar Volume (All Markets)

$252,065,000

Awards

TWINSTAR 30 Year Conventional Loans bronze 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) 640 $116,100,000 $181,406 $4,296 3.61%
Centralia, WA (FHA|USDA|VA) 293 $45,905,000 $156,672 $4,318 3.70%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 150 $29,710,000 $198,067 $5,299 3.78%
Aberdeen, WA (FHA|USDA|VA) 190 $24,930,000 $131,211 $4,178 3.57%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 120 $20,900,000 $174,167 $4,708 3.92%
Shelton, WA (FHA|USDA|VA) 34 $7,070,000 $207,941 $4,799 3.43%
Outside of Metro Areas 15 $2,745,000 $183,000 $4,519 3.48%
WENATCHEE, WA (FHA|USDA|VA) 3 $665,000 $221,667 $5,869 4.50%
Ellensburg, WA (FHA|USDA|VA) 3 $655,000 $218,333 $4,572 3.79%
LONGVIEW, WA (FHA|USDA|VA) 3 $565,000 $188,333 $4,305 3.75%
SALEM, OR (FHA|USDA|VA) 4 $550,000 $137,500 $4,638 3.81%
YAKIMA, WA (FHA|USDA|VA) 4 $520,000 $130,000 $6,765 4.06%
SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 1 $475,000 $475,000 $7,252 3.38%
CORVALLIS, OR (FHA|USDA|VA) 1 $255,000 $255,000 $5,234 3.13%
BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 2 $240,000 $120,000 $0 4.25%
Coos Bay, OR (FHA|USDA|VA) 1 $215,000 $215,000 $6,237 3.13%
WALLA WALLA, WA (FHA|USDA|VA) 1 $195,000 $195,000 $3,286 2.88%
Hood River, OR (FHA|USDA|VA) 1 $145,000 $145,000 $4,031 2.88%
MEDFORD, OR (FHA|USDA|VA) 1 $105,000 $105,000 $0 4.75%
Moses Lake, WA (FHA|USDA|VA) 1 $85,000 $85,000 $2,025 2.88%
BEND, OR (FHA|USDA|VA) 1 $35,000 $35,000 $0 6.75%
Twinstar's top markets include Olympia, Centralia, Portland, Aberdeen, and Seattle 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.

    TRISTAR FINANCE, INC.
    Similarity Rank: 378
    CASTPARTS EMPLOYEES
    Similarity Rank: 524
    OREGONIANS CREDIT UNION
    Similarity Rank: 948
    LOANSNAP, INC.
    Similarity Rank: 1106
    Pacific NW Federal Credit Union
    Similarity Rank: 1344
    Wauna Federal Credit Union
    Similarity Rank: 1644
    COAST 2 COAST FUNDING GROUP, INC.
    Similarity Rank: 1653
    INROADS
    Similarity Rank: 1680

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 872 $205,990,000 $236,227 $4,437 3.22%
    HELOC 593 $44,795,000 $75,540 n/a 4.31%
    VA 4 $1,280,000 $320,000 $2,850 3.22%

    For 2020, Twinstar's most frequently originated type of loan was Conventional, with 872 originations. Their 2nd most popular type was HELOC, with 593 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 426 $87,630,000 $205,704 $3,857 3.18%
    Cash Out Refi 370 $87,550,000 $236,622 $4,553 3.34%
    Other 329 $24,355,000 $74,027 $2,951 4.34%
    Home Improvement 199 $13,315,000 $66,910 $3,294 4.31%
    Home Purchase 145 $39,215,000 $270,448 $5,658 3.43%

    For 2020, Twinstar's most frequently cited loan purpose was Refi, with 426 originations. The 2nd most popular reason was Cash Out Refi, with 370 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    10 Year 615 $54,415,000 $88,480 $3,308 4.28%
    30 Year 519 $130,085,000 $250,645 $4,686 3.37%
    15 Year 210 $41,120,000 $195,810 $3,796 2.84%
    20 Year 111 $21,935,000 $197,613 $3,891 3.22%
    30+ year 10 $3,490,000 $349,000 $11,717 3.93%
    Other 3 $815,000 $271,667 $6,166 3.63%
    5 Year 1 $205,000 $205,000 $0 0.00%

    For 2020, Twinstar's most frequently cited loan duration was 10 Year, with 615 originations. The 2nd most popular length was 30 Year, with 519 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $2k-3k 267 $59,655,000 $223,427
    $1k-2k 240 $34,860,000 $145,250
    $3k-4k 160 $46,620,000 $291,375
    $4k-5k 74 $25,750,000 $347,973
    $<1k 69 $11,125,000 $161,232
    $5k+ 54 $20,410,000 $377,963

    Twinstar's average total fees were $4,686, while their most frequently occuring range of origination fees (closing costs) were in the $2k-3k bucket, with 267 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 766 $142,870,000 $186,514
    2.5-3% 286 $60,480,000 $211,469
    4-5% 196 $19,600,000 $100,000
    5-6% 101 $7,165,000 $70,941
    6-7% 56 $3,760,000 $67,143
    <2.5% 52 $9,340,000 $179,615

    During 2020, Twinstar's average interest rate for loans was 3.37%, while their most frequently originated rate bucket for loans was 3-4%, with 766 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 490 $25,580,000 $52,204 $2,437 4.23%
    $200k-400k 487 $132,155,000 $271,366 $5,002 3.30%
    $100k-200k 434 $63,930,000 $147,304 $3,394 3.46%
    $400k-600k 53 $24,045,000 $453,679 $7,622 3.39%
    $600k-1MM 3 $2,145,000 $715,000 $0 0.00%
    $1MM+ 2 $4,210,000 $2,105,000 $0 0.00%

    2020 saw Twinstar place emphasis on $100,000 or less loans with 490 originations, totaling $25,580,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 355 $62,865,000 $177,085 $5,009 3.68%
    $50k-75k 326 $51,570,000 $158,190 $3,965 3.55%
    $75k-100k 309 $52,695,000 $170,534 $4,466 3.66%
    $150k-250k 235 $44,065,000 $187,511 $5,313 3.92%
    $50k or less 188 $22,850,000 $121,543 $3,413 3.46%
    $250k+ 39 $8,215,000 $210,641 $5,711 3.95%

    Twinstar lent most frequently to those with incomes in the $100k-150k range, with 355 originations. The second most popular income band? $50k-75k, with 326 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 370 $58,980,000 $159,405 $4,127 3.53%
    30-36% 314 $55,670,000 $177,293 $4,733 3.68%
    <20% 160 $25,030,000 $156,438 $4,138 3.43%
    42% 60 $10,900,000 $181,667 $4,560 3.59%
    43% 55 $8,515,000 $154,818 $4,108 4.08%
    44% 54 $10,040,000 $185,926 $4,732 3.70%
    37% 52 $9,020,000 $173,462 $4,702 3.92%
    38% 50 $9,180,000 $183,600 $4,419 3.69%
    36% 49 $8,135,000 $166,020 $4,318 3.63%
    41% 47 $7,615,000 $162,021 $4,689 3.70%
    45% 45 $6,795,000 $151,000 $4,564 4.02%
    40% 42 $7,780,000 $185,238 $4,735 3.83%
    39% 40 $6,840,000 $171,000 $4,078 3.93%
    49% 38 $5,960,000 $156,842 $5,092 3.73%
    46% 24 $3,480,000 $145,000 $4,024 3.92%
    48% 23 $4,085,000 $177,609 $5,357 3.90%
    50-60% 17 $1,635,000 $96,176 $4,989 3.59%
    47% 13 $2,695,000 $207,308 $5,453 3.69%
    >60% 2 $260,000 $130,000 $0 3.25%

    Twinstar lent most frequently to those with DTI ratios of 20-30%, with 370 originations. The next most common DTI ratio? 30-36%, with 314 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,212 $197,150,000 $162,665 $4,400 3.68%
    Not provided 182 $35,570,000 $195,440 $4,597 3.52%
    Not applicable 11 $8,245,000 $749,545 $0 0.00%
    Asian 29 $4,615,000 $159,138 $3,932 3.84%
    American Indian 16 $2,560,000 $160,000 $4,094 3.74%
    Black 11 $2,135,000 $194,091 $5,476 3.78%
    Other Asian 2 $590,000 $295,000 $5,138 3.00%
    Native Hawaiian or Islander 2 $330,000 $165,000 $2,952 3.31%
    Filipino 1 $305,000 $305,000 $4,831 2.50%
    Other Pacific Islander 1 $225,000 $225,000 $4,119 3.63%
    Korean 1 $215,000 $215,000 $4,963 2.50%
    Vietnamese 1 $125,000 $125,000 $3,828 2.50%

    Approval Rates

    Total approvals of all applications
    80.02%

    Twinstar has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    76.79%

    Twinstar has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,469 $252,065,000 $171,590

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 10 $8,230,000 $823,000
    Single Family (1-4 Units):Manufactured 27 $4,205,000 $155,741
    Single Family (1-4 Units):Site-Built 1,432 $239,630,000 $167,339

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 286 $31,970,000 $111,783 $3,161 3.99%
    40-60% 307 $55,955,000 $182,264 $3,709 3.24%
    60-80% 398 $103,060,000 $258,945 $4,815 3.37%
    80-100% 142 $41,850,000 $294,718 $5,715 3.39%
    Under 20% 329 $15,445,000 $46,945 $2,494 4.24%