Washington Federal Bank Mortgage Rates, Fees & Info
Seattle, WALEI: D38AC76TAMYI50NBPX33
Tax ID: 91-0135860
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Washington Federal Bank is a mid-sized bank specializing in Home Purchase loans. Washington Federal Bank has a high proportion of conventional loans. Their top markets by origination volume include: Seattle, Phoenix, Boise City, Dallas, and Provo among others. We have data for 112 markets. (Some data included below & more in-depth data is available with an active subscription.)Washington Federal Bank 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. Washington Federal Bank is typically a high 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.85% | 9/25/23 |
| 30 Year Conventional Purchase | 6.39% | 9/25/23 |
| 30 Year Conventional Refi | 6.37% | 9/25/23 |
| 30 Year Cash-out Refi | 6.35% | 9/25/23 |
| 15 Year Conventional Purchase | 6.27% | 9/25/23 |
| 15 Year Conventional Refi | 6.39% | 9/25/23 |
| 15 Year Cash-out Refi | 6.39% | 9/25/23 |
| 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. | ||
Washington Federal Bank Mortgage Calculator
Your Estimates
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
3,903Origination Dollar Volume (All Markets)
$3,223,225,000Relative Rate
Washington Federal Bank's average 30 year fixed mortgage rate was
4.55%.
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
This yields a difference of -0.21%.
Relative Fees (Closing Costs)
Washington Federal Bank's average total fees/closing costs for a 30 year fixed rate
mortgage were $11,781.
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 $4,750.
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 |
|---|---|---|---|---|---|
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 698 | $524,390,000 | $751,275 | $17,617 | 4.80% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 254 | $293,780,000 | $1,156,614 | $14,624 | 4.57% |
| BOISE CITY, ID (FHA|USDA|VA) | 160 | $172,470,000 | $1,077,938 | $11,858 | 4.79% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 47 | $147,705,000 | $3,142,660 | $13,310 | 4.27% |
| PROVO-OREM, UT (FHA|USDA|VA) | 45 | $129,215,000 | $2,871,444 | $19,651 | 4.57% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 102 | $115,580,000 | $1,133,137 | $17,432 | 4.65% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 137 | $104,835,000 | $765,219 | $17,749 | 4.76% |
| EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) | 39 | $99,635,000 | $2,554,744 | $14,439 | 4.84% |
| BEND, OR (FHA|USDA|VA) | 109 | $97,135,000 | $891,147 | $14,964 | 4.69% |
| Outside of Metro Areas | 210 | $87,890,000 | $418,524 | $12,324 | 4.85% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 142 | $84,470,000 | $594,859 | $20,208 | 4.84% |
| SALEM, OR (FHA|USDA|VA) | 71 | $79,225,000 | $1,115,845 | $13,549 | 4.68% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 54 | $71,140,000 | $1,317,407 | $14,925 | 4.46% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 58 | $70,770,000 | $1,220,172 | $12,320 | 4.70% |
| RENO, NV (FHA|USDA|VA) | 8 | $67,040,000 | $8,380,000 | $13,668 | 4.46% |
| BELLINGHAM, WA (FHA|USDA|VA) | 136 | $62,030,000 | $456,103 | $11,167 | 4.65% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 12 | $49,060,000 | $4,088,333 | $34,412 | 4.27% |
| IDAHO FALLS, ID (FHA|USDA|VA) | 18 | $47,530,000 | $2,640,556 | $14,139 | 4.53% |
| TUCSON, AZ (FHA|USDA|VA) | 102 | $45,490,000 | $445,980 | $10,817 | 4.61% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 90 | $44,400,000 | $493,333 | $14,297 | 4.82% |
| WENATCHEE, WA (FHA|USDA|VA) | 81 | $43,975,000 | $542,901 | $13,944 | 4.31% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 7 | $41,545,000 | $5,935,000 | $25,489 | 4.31% |
| Heber, UT (FHA|USDA|VA) | 40 | $38,060,000 | $951,500 | $17,750 | 4.67% |
| MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) | 100 | $38,030,000 | $380,300 | $10,973 | 4.86% |
| YUMA, AZ (FHA|USDA|VA) | 30 | $37,030,000 | $1,234,333 | $9,292 | 4.56% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 58 | $35,470,000 | $611,552 | $14,931 | 4.60% |
| Ellensburg, WA (FHA|USDA|VA) | 38 | $34,250,000 | $901,316 | $22,248 | 4.75% |
| Hailey, ID (FHA|USDA|VA) | 43 | $29,835,000 | $693,837 | $18,031 | 4.56% |
| Traverse City, MI (FHA|USDA|VA) | 1 | $24,455,000 | $24,455,000 | $0 | 4.39% |
| Oak Harbor, WA (FHA|USDA|VA) | 57 | $24,435,000 | $428,684 | $13,989 | 4.75% |
| MEDFORD, OR (FHA|USDA|VA) | 29 | $23,785,000 | $820,172 | $9,557 | 4.79% |
| SANTA FE, NM (FHA|USDA|VA) | 39 | $20,195,000 | $517,821 | $15,657 | 4.63% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 1 | $20,005,000 | $20,005,000 | $0 | 3.69% |
| SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) | 23 | $18,175,000 | $790,217 | $5,742 | 5.07% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 9 | $17,375,000 | $1,930,556 | $0 | 4.54% |
| LOGAN, UT-ID (FHA|USDA|VA) | 26 | $15,130,000 | $581,923 | $14,747 | 4.25% |
| KENNEWICK-RICHLAND, WA (FHA|USDA|VA) | 8 | $14,400,000 | $1,800,000 | $12,425 | 4.80% |
| TYLER, TX (FHA|USDA|VA) | 1 | $14,275,000 | $14,275,000 | $0 | 5.25% |
| ALBANY-LEBANON, OR (FHA|USDA|VA) | 19 | $13,885,000 | $730,789 | $13,415 | 4.66% |
| Show Low, AZ (FHA|USDA|VA) | 23 | $13,715,000 | $596,304 | $13,369 | 4.69% |
| ST. GEORGE, UT (FHA|USDA|VA) | 23 | $13,655,000 | $593,696 | $13,419 | 3.93% |
| Moses Lake, WA (FHA|USDA|VA) | 44 | $13,330,000 | $302,955 | $9,322 | 4.54% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 42 | $11,740,000 | $279,524 | $8,794 | 4.81% |
| LAS CRUCES, NM (FHA|USDA|VA) | 50 | $11,700,000 | $234,000 | $9,044 | 4.79% |
| VICTORIA, TX (FHA|USDA|VA) | 1 | $11,405,000 | $11,405,000 | $0 | 4.00% |
| Prineville, OR (FHA|USDA|VA) | 22 | $11,330,000 | $515,000 | $16,452 | 4.52% |
| FLAGSTAFF, AZ (FHA|USDA|VA) | 12 | $11,250,000 | $937,500 | $29,764 | 5.06% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 30 | $10,660,000 | $355,333 | $11,932 | 4.65% |
| Newport, OR (FHA|USDA|VA) | 28 | $10,630,000 | $379,643 | $11,463 | 4.42% |
| Sandpoint, ID (FHA|USDA|VA) | 23 | $10,185,000 | $442,826 | $15,471 | 4.68% |
| LONGVIEW, TX (FHA|USDA|VA) | 1 | $9,175,000 | $9,175,000 | $0 | 3.45% |
| Port Angeles, WA (FHA|USDA|VA) | 19 | $8,685,000 | $457,105 | $14,728 | 4.71% |
| WALLA WALLA, WA (FHA|USDA|VA) | 21 | $8,305,000 | $395,476 | $14,660 | 4.46% |
| CORVALLIS, OR (FHA|USDA|VA) | 22 | $8,240,000 | $374,545 | $10,888 | 4.32% |
| POCATELLO, ID (FHA|USDA|VA) | 17 | $8,015,000 | $471,471 | $5,354 | 4.17% |
| Outside of Metro Areas | 11 | $7,975,000 | $725,000 | $20,623 | 4.57% |
| Centralia, WA (FHA|USDA|VA) | 19 | $7,795,000 | $410,263 | $12,397 | 4.67% |
| Ontario, OR-ID (FHA|USDA|VA) | 17 | $7,325,000 | $430,882 | $5,549 | 4.80% |
| Klamath Falls, OR (FHA|USDA|VA) | 34 | $7,250,000 | $213,235 | $7,087 | 4.82% |
| Payson, AZ (FHA|USDA|VA) | 24 | $6,490,000 | $270,417 | $9,980 | 4.58% |
| GRANTS PASS, OR (FHA|USDA|VA) | 25 | $6,475,000 | $259,000 | $7,057 | 4.75% |
| Astoria, OR (FHA|USDA|VA) | 4 | $5,620,000 | $1,405,000 | $13,309 | 5.31% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 1 | $5,525,000 | $5,525,000 | $0 | 3.95% |
| Blackfoot, ID (FHA|USDA|VA) | 16 | $5,510,000 | $344,375 | $13,220 | 4.03% |
| Shelton, WA (FHA|USDA|VA) | 13 | $5,345,000 | $411,154 | $12,127 | 4.90% |
| Gallup, NM (FHA|USDA|VA) | 4 | $5,110,000 | $1,277,500 | $4,193 | 5.66% |
| Roswell, NM (FHA|USDA|VA) | 18 | $5,040,000 | $280,000 | $5,251 | 4.53% |
| Brookings, OR (FHA|USDA|VA) | 3 | $4,395,000 | $1,465,000 | $11,211 | 3.35% |
| Rexburg, ID (FHA|USDA|VA) | 10 | $4,320,000 | $432,000 | $17,899 | 4.40% |
| Nogales, AZ (FHA|USDA|VA) | 15 | $4,245,000 | $283,000 | $12,822 | 4.83% |
| TWIN FALLS, ID (FHA|USDA|VA) | 19 | $4,105,000 | $216,053 | $9,567 | 4.70% |
| Aberdeen, WA (FHA|USDA|VA) | 15 | $4,055,000 | $270,333 | $8,926 | 5.08% |
| Los Alamos, NM (FHA|USDA|VA) | 3 | $3,755,000 | $1,251,667 | $30,283 | 4.89% |
| Hermiston-Pendleton, OR (FHA|USDA|VA) | 22 | $3,600,000 | $163,636 | $5,462 | 4.76% |
| Pullman, WA (FHA|USDA|VA) | 9 | $3,445,000 | $382,778 | $12,242 | 4.06% |
| Ardmore, OK (FHA|USDA|VA) | 1 | $3,185,000 | $3,185,000 | $0 | 5.15% |
| LEWISTON, ID-WA (FHA|USDA|VA) | 13 | $3,065,000 | $235,769 | $8,791 | 4.44% |
| Ruidoso, NM (FHA|USDA|VA) | 14 | $3,050,000 | $217,857 | $4,225 | 5.05% |
| Hood River, OR (FHA|USDA|VA) | 8 | $2,650,000 | $331,250 | $10,549 | 4.88% |
| Alamogordo, NM (FHA|USDA|VA) | 8 | $2,450,000 | $306,250 | $4,871 | 5.41% |
| Price, UT (FHA|USDA|VA) | 8 | $2,290,000 | $286,250 | $8,837 | 4.36% |
| Elko, NV (FHA|USDA|VA) | 9 | $2,005,000 | $222,778 | $8,723 | 4.81% |
| Taos, NM (FHA|USDA|VA) | 4 | $1,820,000 | $455,000 | $13,637 | 4.69% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 8 | $1,810,000 | $226,250 | $10,143 | 4.84% |
| Brenham, TX (FHA|USDA|VA) | 1 | $1,755,000 | $1,755,000 | $0 | 3.00% |
| LONGVIEW, WA (FHA|USDA|VA) | 3 | $1,725,000 | $575,000 | $14,275 | 5.00% |
| WACO, TX (FHA|USDA|VA) | 1 | $1,675,000 | $1,675,000 | $0 | 3.59% |
| Roseburg, OR (FHA|USDA|VA) | 4 | $1,510,000 | $377,500 | $16,212 | 5.13% |
| Nacogdoches, TX (FHA|USDA|VA) | 1 | $1,395,000 | $1,395,000 | $0 | 5.25% |
| Burley, ID (FHA|USDA|VA) | 4 | $1,360,000 | $340,000 | $7,315 | 4.38% |
| The Dalles, OR (FHA|USDA|VA) | 5 | $1,185,000 | $237,000 | $8,314 | 5.03% |
| EL PASO, TX (FHA|USDA|VA) | 3 | $1,105,000 | $368,333 | $4,552 | 4.35% |
| Safford, AZ (FHA|USDA|VA) | 5 | $1,035,000 | $207,000 | $9,946 | 4.23% |
| Silver City, NM (FHA|USDA|VA) | 1 | $1,025,000 | $1,025,000 | $18,766 | 4.00% |
| Española, NM (FHA|USDA|VA) | 3 | $925,000 | $308,333 | $11,805 | 4.63% |
| Fernley, NV (FHA|USDA|VA) | 3 | $865,000 | $288,333 | $4,450 | 4.88% |
| Hobbs, NM (FHA|USDA|VA) | 2 | $860,000 | $430,000 | $0 | 4.59% |
| YAKIMA, WA (FHA|USDA|VA) | 5 | $855,000 | $171,000 | $8,260 | 5.73% |
| Fallon, NV (FHA|USDA|VA) | 5 | $775,000 | $155,000 | $13,339 | 4.85% |
| Coos Bay, OR (FHA|USDA|VA) | 2 | $760,000 | $380,000 | $14,800 | 5.38% |
| Mountain Home, ID (FHA|USDA|VA) | 2 | $690,000 | $345,000 | $9,793 | 3.56% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 1 | $685,000 | $685,000 | $0 | 4.25% |
| CARSON CITY, NV (FHA|USDA|VA) | 1 | $575,000 | $575,000 | $13,894 | 5.63% |
| FARMINGTON, NM (FHA|USDA|VA) | 5 | $565,000 | $113,000 | $5,203 | 4.80% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $16,126 | 3.50% |
| Clovis, NM (FHA|USDA|VA) | 3 | $345,000 | $115,000 | $3,958 | 3.29% |
| Pahrump, NV (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $11,279 | 6.13% |
| La Grande, OR (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $6,499 | 3.75% |
| Carlsbad-Artesia, NM (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $3,893 | 3.94% |
| Jackson, WY-ID (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $5,581 | 5.25% |
| WICHITA FALLS, TX (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $2,927 | 3.75% |
| Othello, WA (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $2,836 | 5.13% |
Similar Lenders
We use machine learning to identify the top lenders compared against Washington Federal Bank 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 |
|---|---|---|---|---|---|
| Conventional | 2,704 | $2,984,200,000 | $1,103,624 | $14,262 | 4.55% |
| HELOC | 1,199 | $239,025,000 | $199,354 | n/a | 5.01% |
For 2022, Washington Federal Bank's most frequently originated type of loan was Conventional, with 2,704 originations. Their 2nd most popular type was HELOC, with 1,199 originations.
Loan Reason
For 2022, Washington Federal Bank's most frequently cited loan purpose was Home Purchase, with 1,886 originations. The 2nd most popular reason was Cash Out Refi, with 722 originations.
Loan Duration/Length
For 2022, Washington Federal Bank's most frequently cited loan duration was 30 Year, with 1,531 originations. The 2nd most popular length was Other, with 1,310 originations.
Origination Fees/Closing Costs
Washington Federal Bank's average total fees were $11,781, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 1,604 originations.
Interest Rates
During 2022, Washington Federal Bank's average interest rate for loans was 4.55%, while their most frequently originated rate bucket for loans was 3-4%, with 1,451 originations.
Loan Sizing
2022 saw Washington Federal Bank place emphasis on $200k-400k loans with 1,040 originations, totaling $295,920,000 in origination value.
Applicant Income
Washington Federal Bank lent most frequently to those with incomes in the $150k-250k range, with 936 originations. The second most popular income band? $250k+, with 863 originations.
Applicant Debt to Income Ratio
Washington Federal Bank lent most frequently to those with DTI ratios of 20-30%, with 709 originations. The next most common DTI ratio? 30-36%, with 671 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications83.71%
Washington Federal Bank has a below average approval rate.
Pick Rate
Approvals leading to origination57.96%
Washington Federal Bank has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 3,903 | $3,223,225,000 | $825,833 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3,903 | $3,223,225,000 | $825,833 |