Twinstar Mortgage Rates, Fees & Info
LACEY, WALEI: 549300UBGGLZLZEY0M18
Tax ID: 91-0440744
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Mortgage Data
Review & 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 by origination volume include: Olympia, Centralia, Seattle, Portland, and Aberdeen among others. We have data for 19 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 5.76% | 11/21/24 |
| 30 Year Conventional Purchase | 6.64% | 11/21/24 |
| 30 Year Conventional Refi | 6.42% | 11/21/24 |
| 30 Year Cash-out Refi | 6.57% | 11/21/24 |
| 15 Year Conventional Purchase | 5.82% | 11/21/24 |
| 15 Year Conventional Refi | 5.64% | 11/21/24 |
| 15 Year Cash-out Refi | 5.64% | 11/21/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
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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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) | 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% |
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.
Similarity Rank: 86
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 781 | $188,085,000 | $240,826 | $3,162 | 2.87% |
| HELOC | 574 | $46,160,000 | $80,418 | n/a | 3.77% |
For 2021, Twinstar's most frequently originated type of loan was Conventional, with 781 originations. Their 2nd most popular type was HELOC, with 574 originations.
Loan Reason
For 2021, Twinstar's most frequently cited loan purpose was Cash Out Refi, with 415 originations. The 2nd most popular reason was Other, with 321 originations.
Loan Duration/Length
For 2021, Twinstar's most frequently cited loan duration was 10 Year, with 595 originations. The 2nd most popular length was 30 Year, with 466 originations.
Origination Fees/Closing Costs
Twinstar's average total fees were $3,374, while their most frequently occuring range of origination fees (closing costs) 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 for loans was 3.07%, while their most frequently originated rate bucket for loans was 3-4%, with 616 originations.
Loan Sizing
2021 saw Twinstar place emphasis on $100,000 or less loans with 442 originations, totaling $23,920,000 in origination value.
Applicant Income
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
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
Approval Rates
Total approvals of all applications78.76%
Twinstar has a below average approval rate.
Pick Rate
Approvals leading to origination85.31%
Twinstar has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 1,355 | $234,245,000 | $172,875 |