Banner Bank Mortgage Rates, Fees & Info

Walla Walla, WA

LEI: WE0I402RW25AU38DTI13

Tax ID: 91-1645638

5 stars - Updated: 2/25/24 - out of 5 stars, based on 72 reviews

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

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Mortgage Data

Review & Overview

Banner Bank is a small bank specializing in Home Purchase loans. Banner Bank has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets by origination volume include: Seattle, Portland, Los Angeles, Spokane, and Wenatchee among others. We have data for 79 markets. (Some data included below & more in-depth data is available with an active subscription.)

Banner 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. Banner Bank is typically an average 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) 6.27% 2/25/24
30 Year Conventional Purchase 5.90% 2/25/24
30 Year Conventional Refi 6.29% 2/25/24
30 Year Cash-out Refi 6.61% 2/25/24
30 Year FHA Purchase 6.88% 2/25/24
30 Year FHA Refi 7.44% 2/25/24
30 Year VA Purchase 5.83% 2/25/24
30 Year VA Refi 6.03% 2/25/24
30 Year USDA Purchase 6.13% 2/25/24
15 Year Conventional Purchase 5.97% 2/25/24
15 Year Conventional Refi 6.70% 2/25/24
15 Year Cash-out Refi 6.70% 2/25/24
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.

Banner Bank Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Banner Bank. 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

5,172

Origination Dollar Volume (All Markets)

$2,007,900,000
Show all (10) awards

Relative Rate

Banner Bank's average 30 year fixed mortgage rate was 4.27%.

The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

This yields a difference of -0.49%.

Relative Fees (Closing Costs)

Banner Bank's average total fees/closing costs for a 30 year fixed rate mortgage were $7,443.

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) 1,030 $434,080,000 $421,437 $10,391 4.96%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 449 $192,865,000 $429,543 $11,831 5.11%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 193 $167,335,000 $867,021 $10,594 5.81%
SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 392 $102,730,000 $262,066 $8,517 5.20%
WENATCHEE, WA (FHA|USDA|VA) 206 $97,380,000 $472,718 $11,612 4.82%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 274 $75,300,000 $274,818 $16,831 5.35%
BELLINGHAM, WA (FHA|USDA|VA) 184 $66,970,000 $363,967 $9,261 4.87%
Outside of Metro Areas 233 $60,055,000 $257,747 $8,915 5.04%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 117 $51,135,000 $437,051 $16,836 5.28%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 202 $49,840,000 $246,733 $13,930 6.05%
MEDFORD, OR (FHA|USDA|VA) 114 $47,890,000 $420,088 $7,570 4.85%
KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 162 $45,820,000 $282,840 $6,790 5.08%
EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 151 $39,235,000 $259,834 $7,375 4.68%
SALEM, OR (FHA|USDA|VA) 31 $38,965,000 $1,256,935 $9,783 5.35%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 4 $37,000,000 $9,250,000 $5,478 4.37%
CHICO, CA (FHA|USDA|VA) 32 $32,450,000 $1,014,063 $14,994 5.00%
YAKIMA, WA (FHA|USDA|VA) 129 $31,575,000 $244,767 $7,960 5.02%
BEND, OR (FHA|USDA|VA) 29 $29,545,000 $1,018,793 $13,713 5.10%
Coos Bay, OR (FHA|USDA|VA) 128 $27,310,000 $213,359 $7,743 5.36%
MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) 126 $26,660,000 $211,587 $6,958 5.24%
WALLA WALLA, WA (FHA|USDA|VA) 117 $25,795,000 $220,470 $8,314 5.25%
BOISE CITY, ID (FHA|USDA|VA) 87 $24,705,000 $283,966 $8,743 5.10%
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 2 $21,980,000 $10,990,000 $17,713 4.42%
Outside of Metro Areas 55 $20,535,000 $373,364 $11,214 5.13%
Moses Lake, WA (FHA|USDA|VA) 74 $19,970,000 $269,865 $9,712 4.95%
Hermiston-Pendleton, OR (FHA|USDA|VA) 103 $19,405,000 $188,398 $7,538 5.20%
Ellensburg, WA (FHA|USDA|VA) 29 $17,105,000 $589,828 $14,800 5.03%
VISALIA, CA (FHA|USDA|VA) 2 $15,740,000 $7,870,000 $12,002 3.83%
Oak Harbor, WA (FHA|USDA|VA) 33 $12,725,000 $385,606 $9,955 5.17%
SALT LAKE CITY, UT (FHA|USDA|VA) 4 $12,700,000 $3,175,000 $0 4.44%
GRANTS PASS, OR (FHA|USDA|VA) 31 $10,895,000 $351,452 $11,130 4.79%
La Grande, OR (FHA|USDA|VA) 48 $10,170,000 $211,875 $8,592 4.80%
Shelton, WA (FHA|USDA|VA) 21 $9,385,000 $446,905 $9,783 4.88%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 11 $8,585,000 $780,455 $17,311 4.62%
BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 19 $8,065,000 $424,474 $11,849 5.58%
OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 16 $7,340,000 $458,750 $13,597 4.48%
Sandpoint, ID (FHA|USDA|VA) 15 $6,915,000 $461,000 $12,698 5.32%
Roseburg, OR (FHA|USDA|VA) 37 $6,905,000 $186,622 $6,357 5.36%
Red Bluff, CA (FHA|USDA|VA) 43 $6,005,000 $139,651 $5,705 4.98%
MERCED, CA (FHA|USDA|VA) 1 $5,935,000 $5,935,000 $0 5.23%
REDDING, CA (FHA|USDA|VA) 21 $5,845,000 $278,333 $13,003 4.87%
TWIN FALLS, ID (FHA|USDA|VA) 9 $5,065,000 $562,778 $3,931 5.41%
LEWISTON, ID-WA (FHA|USDA|VA) 33 $4,955,000 $150,152 $6,249 4.25%
LONGVIEW, WA (FHA|USDA|VA) 13 $4,745,000 $365,000 $12,118 4.65%
Moscow, ID (FHA|USDA|VA) 21 $4,675,000 $222,619 $6,185 4.69%
Truckee-Grass Valley, CA (FHA|USDA|VA) 16 $4,400,000 $275,000 $15,773 5.95%
Pullman, WA (FHA|USDA|VA) 20 $4,400,000 $220,000 $6,033 4.27%
Aberdeen, WA (FHA|USDA|VA) 12 $4,340,000 $361,667 $10,332 4.65%
Centralia, WA (FHA|USDA|VA) 9 $3,705,000 $411,667 $8,732 3.92%
FRESNO, CA (FHA|USDA|VA) 5 $3,445,000 $689,000 $13,289 4.82%
OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 1 $3,105,000 $3,105,000 $0 4.15%
Payson, AZ (FHA|USDA|VA) 1 $3,105,000 $3,105,000 $0 5.25%
Prineville, OR (FHA|USDA|VA) 5 $2,885,000 $577,000 $15,134 4.43%
Newport, OR (FHA|USDA|VA) 5 $2,845,000 $569,000 $11,836 5.18%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 2 $2,700,000 $1,350,000 $0 3.81%
ALBANY-LEBANON, OR (FHA|USDA|VA) 9 $2,605,000 $289,444 $6,105 3.54%
Othello, WA (FHA|USDA|VA) 9 $2,145,000 $238,333 $8,848 4.98%
Brookings, OR (FHA|USDA|VA) 4 $2,100,000 $525,000 $5,747 3.72%
PROVO-OREM, UT (FHA|USDA|VA) 1 $1,385,000 $1,385,000 $0 4.73%
SALINAS, CA (FHA|USDA|VA) 1 $1,325,000 $1,325,000 $25,976 4.75%
STOCKTON, CA (FHA|USDA|VA) 3 $1,225,000 $408,333 $17,811 4.33%
YUBA CITY, CA (FHA|USDA|VA) 4 $1,210,000 $302,500 $0 5.44%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 2 $1,140,000 $570,000 $0 5.35%
Astoria, OR (FHA|USDA|VA) 4 $1,020,000 $255,000 $12,476 6.87%
Klamath Falls, OR (FHA|USDA|VA) 6 $1,010,000 $168,333 $5,004 4.87%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 3 $975,000 $325,000 $13,628 5.08%
Port Angeles, WA (FHA|USDA|VA) 3 $945,000 $315,000 $10,296 5.75%
Hailey, ID (FHA|USDA|VA) 1 $805,000 $805,000 $0 6.24%
Ontario, OR-ID (FHA|USDA|VA) 2 $760,000 $380,000 $0 5.62%
EL CENTRO, CA (FHA|USDA|VA) 1 $755,000 $755,000 $14,910 5.00%
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 1 $725,000 $725,000 $0 6.00%
VALLEJO, CA (FHA|USDA|VA) 2 $600,000 $300,000 $0 6.12%
CORVALLIS, OR (FHA|USDA|VA) 1 $515,000 $515,000 $15,120 4.25%
BAKERSFIELD, CA (FHA|USDA|VA) 3 $375,000 $125,000 $0 7.41%
IDAHO FALLS, ID (FHA|USDA|VA) 1 $355,000 $355,000 $8,449 5.38%
The Dalles, OR (FHA|USDA|VA) 1 $315,000 $315,000 $16,167 6.13%
Crescent City, CA (FHA|USDA|VA) 1 $235,000 $235,000 $9,928 5.25%
Hood River, OR (FHA|USDA|VA) 1 $85,000 $85,000 $0 5.25%
Jackson, WY-ID (FHA|USDA|VA) 1 $75,000 $75,000 $0 5.25%
Banner Bank's top markets include Seattle, Portland, Los Angeles, Spokane, and Wenatchee among others.

Their top states include:
  • Washington (FHA|USDA|VA)
  • California (FHA|USDA|VA)
  • Oregon (FHA|USDA|VA)
  • Idaho (FHA|USDA|VA)
  • Utah (FHA|USDA|VA)
  • Similar Lenders

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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 2,761 $440,145,000 $159,415 n/a 5.72%
    Conventional 2,267 $1,518,475,000 $669,817 $9,734 4.43%
    FHA 89 $28,895,000 $324,663 $10,755 4.44%
    VA 41 $16,995,000 $414,512 $13,194 3.89%
    USDA 14 $3,390,000 $242,143 $8,059 3.80%

    For 2022, Banner Bank's most frequently originated type of loan was HELOC, with 2,761 originations. Their 2nd most popular type was Conventional, with 2,267 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 2,095 $1,332,775,000 $636,169 $10,603 4.62%
    Home Improvement 1,881 $256,195,000 $136,201 $4,980 5.71%
    Other 451 $64,485,000 $142,982 $3,509 6.10%
    Cash Out Refi 414 $156,800,000 $378,744 $7,478 4.10%
    Refi 330 $197,640,000 $598,909 $7,919 4.77%
    NA 1 $5,000 $5,000 $226 0.00%

    For 2022, Banner Bank's most frequently cited loan purpose was Home Purchase, with 2,095 originations. The 2nd most popular reason was Home Improvement, with 1,881 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 2,794 $676,080,000 $241,976 $11,041 5.70%
    30 Year 1,449 $709,475,000 $489,631 $7,443 4.27%
    30+ year 673 $451,635,000 $671,077 $15,475 4.79%
    15 Year 111 $26,495,000 $238,694 $4,799 3.71%
    10 Year 75 $71,715,000 $956,200 $2,844 4.81%
    20 Year 55 $66,555,000 $1,210,091 $5,230 4.30%
    5 Year 9 $1,255,000 $139,444 $700 6.19%
    1 Year 3 $405,000 $135,000 $1,358 6.83%
    3 Year 3 $4,285,000 $1,428,333 $0 5.67%

    For 2022, Banner Bank's most frequently cited loan duration was Other, with 2,794 originations. The 2nd most popular length was 30 Year, with 1,449 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 938 $671,880,000 $716,290
    $<1k 299 $76,285,000 $255,134
    $2k-3k 246 $66,860,000 $271,789
    $1k-2k 225 $55,085,000 $244,822
    $4k-5k 214 $85,330,000 $398,738
    $3k-4k 211 $67,025,000 $317,654

    Banner Bank's average total fees were $7,443, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 938 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 1,153 $540,405,000 $468,695
    5-6% 1,103 $395,895,000 $358,926
    3-4% 1,042 $614,840,000 $590,058
    6-7% 603 $186,085,000 $308,599
    7-8% 383 $60,785,000 $158,708
    Over 8% 338 $36,210,000 $107,130
    2.5-3% 329 $140,595,000 $427,340
    <2.5% 221 $33,085,000 $149,706

    During 2022, Banner Bank's average interest rate for loans was 4.27%, while their most frequently originated rate bucket for loans was 4-5%, with 1,153 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 1,283 $72,685,000 $56,652 $1,565 5.63%
    $200k-400k 1,245 $359,235,000 $288,542 $7,202 4.87%
    $100k-200k 1,193 $153,995,000 $129,082 $4,970 5.45%
    $400k-600k 700 $328,560,000 $469,371 $10,403 4.64%
    $600k-1MM 507 $382,735,000 $754,901 $14,272 4.57%
    $1MM+ 244 $710,690,000 $2,912,664 $21,558 4.40%

    2022 saw Banner Bank place emphasis on $100,000 or less loans with 1,283 originations, totaling $72,685,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 1,234 $403,030,000 $326,605 $12,462 5.22%
    $100k-150k 1,178 $288,680,000 $245,059 $9,636 5.28%
    $250k+ 961 $511,225,000 $531,972 $16,040 5.20%
    $75k-100k 657 $142,095,000 $216,279 $7,279 5.09%
    $50k-75k 634 $112,790,000 $177,902 $5,895 4.80%
    $50k or less 279 $33,255,000 $119,194 $4,466 4.70%

    Banner Bank lent most frequently to those with incomes in the $150k-250k range, with 1,234 originations. The second most popular income band? $100k-150k, with 1,178 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 1,187 $282,685,000 $238,151 $8,918 5.29%
    30-36% 872 $249,560,000 $286,193 $9,685 5.26%
    <20% 709 $170,035,000 $239,824 $9,265 5.11%
    42% 350 $110,700,000 $316,286 $11,652 5.29%
    43% 243 $93,195,000 $383,519 $10,424 4.94%
    41% 221 $86,575,000 $391,742 $11,647 5.10%
    38% 207 $63,285,000 $305,725 $9,753 5.20%
    40% 183 $65,165,000 $356,093 $9,844 4.98%
    37% 178 $56,010,000 $314,663 $9,890 5.19%
    39% 176 $59,700,000 $339,205 $9,452 5.27%
    44% 156 $65,510,000 $419,936 $9,338 4.20%
    36% 155 $42,605,000 $274,871 $8,956 5.43%
    45% 96 $44,630,000 $464,896 $9,416 4.35%
    46% 63 $30,105,000 $477,857 $10,438 4.54%
    49% 61 $22,835,000 $374,344 $8,848 4.40%
    47% 55 $24,785,000 $450,636 $9,309 4.44%
    48% 54 $23,820,000 $441,111 $10,178 4.32%
    50-60% 32 $12,000,000 $375,000 $10,983 4.64%
    >60% 3 $485,000 $161,667 $0 6.16%

    Banner Bank lent most frequently to those with DTI ratios of 20-30%, with 1,187 originations. The next most common DTI ratio? 30-36%, with 872 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 3,922 $1,182,750,000 $301,568 $9,920 5.14%
    Not applicable 139 $490,455,000 $3,528,453 $0 4.72%
    Not provided 694 $208,670,000 $300,677 $9,522 5.05%
    Asian 258 $85,100,000 $329,845 $10,807 5.03%
    Black 86 $21,000,000 $244,186 $6,868 4.95%
    American Indian 51 $14,585,000 $285,980 $9,034 5.16%
    Native Hawaiian or Islander 18 $3,210,000 $178,333 $13,340 6.61%
    Vietnamese 2 $980,000 $490,000 $0 5.44%
    Chinese 1 $935,000 $935,000 $21,350 3.75%
    Guamanian 1 $215,000 $215,000 $3,990 3.38%

    Approval Rates

    Total approvals of all applications
    73.40%

    Banner Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    74.17%

    Banner Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 5,172 $2,007,900,000 $388,225

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    5,172 $2,007,900,000 $388,225

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 963 $217,355,000 $225,706 $6,754 5.26%
    40-60% 687 $459,725,000 $669,178 $9,243 4.65%
    60-80% 1,089 $834,265,000 $766,084 $11,837 4.68%
    80-100% 710 $346,600,000 $488,169 $9,840 4.73%
    Over 100% 8 $3,800,000 $475,000 $20,990 4.55%
    Under 20% 1,713 $146,005,000 $85,234 $1,067 5.65%