Banner Bank Mortgage Rates, Fees & Info
Walla Walla, WALEI: WE0I402RW25AU38DTI13
Tax ID: 91-1645638
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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, San Diego, Portland, Los Angeles, and Wenatchee among others. We have data for 65 markets. (Some data included below & more in-depth data is available with an active subscription.)Banner Bank has a below 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.72% | 4/5/25 |
| 30 Year Conventional Purchase | 5.73% | 4/5/25 |
| 30 Year Conventional Refi | 6.80% | 4/5/25 |
| 30 Year Cash-out Refi | 7.13% | 4/5/25 |
| 30 Year FHA Purchase | 7.10% | 4/5/25 |
| 30 Year FHA Refi | 6.38% | 4/5/25 |
| 30 Year VA Purchase | 6.20% | 4/5/25 |
| 30 Year VA Refi | 6.72% | 4/5/25 |
| 30 Year USDA Purchase | 6.52% | 4/5/25 |
| 15 Year Conventional Purchase | 6.25% | 4/5/25 |
| 15 Year Conventional Refi | 7.82% | 4/5/25 |
| 15 Year Cash-out Refi | 7.82% | 4/5/25 |
| 15 Year VA Purchase | 6.02% | 4/5/25 |
| 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
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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
3,140Origination Dollar Volume (All Markets)
$1,123,400,000Awards
Banner Bank - 2024
Banner Bank is a 2024 , due to their low .
For 2024, less than of lenders were eligible for this award.
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Relative Rate
Banner Bank's average 30 year fixed mortgage rate was
5.92%.
The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.
This yields a difference of -0.63%.
Relative Fees (Closing Costs)
Banner Bank's average total fees/closing costs for a 30 year fixed rate
mortgage were $7,801.
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 $8,356.
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) | 523 | $149,985,000 | $286,778 | $10,264 | 7.72% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 134 | $130,310,000 | $972,463 | $11,780 | 9.12% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 240 | $89,280,000 | $372,000 | $10,671 | 7.79% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 127 | $88,535,000 | $697,126 | $13,776 | 8.76% |
| WENATCHEE, WA (FHA|USDA|VA) | 146 | $60,560,000 | $414,795 | $11,094 | 7.45% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 232 | $53,990,000 | $232,716 | $10,057 | 8.12% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 148 | $52,680,000 | $355,946 | $10,858 | 8.82% |
| Outside of Metro Areas | 186 | $42,520,000 | $228,602 | $8,656 | 7.89% |
| BEND, OR (FHA|USDA|VA) | 13 | $32,125,000 | $2,471,154 | $12,424 | 8.16% |
| EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) | 130 | $31,740,000 | $244,154 | $8,491 | 7.86% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 99 | $31,115,000 | $314,293 | $14,163 | 8.80% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 4 | $30,440,000 | $7,610,000 | $0 | 8.71% |
| BELLINGHAM, WA (FHA|USDA|VA) | 106 | $29,650,000 | $279,717 | $7,651 | 7.75% |
| KENNEWICK-RICHLAND, WA (FHA|USDA|VA) | 96 | $25,950,000 | $270,313 | $8,918 | 7.72% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 4 | $25,760,000 | $6,440,000 | $0 | 8.22% |
| MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) | 92 | $23,380,000 | $254,130 | $6,641 | 7.63% |
| Coos Bay, OR (FHA|USDA|VA) | 101 | $20,755,000 | $205,495 | $9,266 | 7.87% |
| BOISE CITY, ID (FHA|USDA|VA) | 43 | $19,065,000 | $443,372 | $6,958 | 8.00% |
| YAKIMA, WA (FHA|USDA|VA) | 94 | $17,360,000 | $184,681 | $7,785 | 8.44% |
| SALEM, OR (FHA|USDA|VA) | 16 | $14,120,000 | $882,500 | $9,831 | 8.79% |
| MEDFORD, OR (FHA|USDA|VA) | 69 | $13,845,000 | $200,652 | $7,973 | 8.67% |
| WALLA WALLA, WA (FHA|USDA|VA) | 61 | $12,125,000 | $198,770 | $8,308 | 7.81% |
| Hermiston-Pendleton, OR (FHA|USDA|VA) | 82 | $11,590,000 | $141,341 | $8,791 | 8.58% |
| Ellensburg, WA (FHA|USDA|VA) | 17 | $10,055,000 | $591,471 | $22,463 | 8.61% |
| Moses Lake, WA (FHA|USDA|VA) | 39 | $9,315,000 | $238,846 | $9,178 | 8.14% |
| Outside of Metro Areas | 19 | $8,045,000 | $423,421 | $11,282 | 8.31% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 22 | $8,030,000 | $365,000 | $10,936 | 7.91% |
| Oak Harbor, WA (FHA|USDA|VA) | 27 | $7,955,000 | $294,630 | $14,552 | 8.09% |
| CHICO, CA (FHA|USDA|VA) | 11 | $6,565,000 | $596,818 | $10,008 | 8.42% |
| Roseburg, OR (FHA|USDA|VA) | 28 | $6,230,000 | $222,500 | $9,441 | 7.82% |
| GRANTS PASS, OR (FHA|USDA|VA) | 19 | $4,345,000 | $228,684 | $9,490 | 8.56% |
| La Grande, OR (FHA|USDA|VA) | 24 | $4,140,000 | $172,500 | $10,960 | 8.83% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 13 | $4,085,000 | $314,231 | $9,350 | 7.91% |
| LONGVIEW, WA (FHA|USDA|VA) | 14 | $3,980,000 | $284,286 | $10,061 | 7.64% |
| Centralia, WA (FHA|USDA|VA) | 8 | $3,500,000 | $437,500 | $13,774 | 8.45% |
| Moscow, ID (FHA|USDA|VA) | 12 | $2,870,000 | $239,167 | $6,928 | 7.53% |
| Red Bluff, CA (FHA|USDA|VA) | 11 | $2,815,000 | $255,909 | $13,718 | 8.43% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 4 | $2,450,000 | $612,500 | $24,155 | 8.96% |
| Newport, OR (FHA|USDA|VA) | 6 | $2,420,000 | $403,333 | $13,554 | 8.73% |
| Astoria, OR (FHA|USDA|VA) | 6 | $2,320,000 | $386,667 | $16,295 | 8.02% |
| Shelton, WA (FHA|USDA|VA) | 9 | $2,305,000 | $256,111 | $13,190 | 8.47% |
| LEWISTON, ID-WA (FHA|USDA|VA) | 12 | $2,290,000 | $190,833 | $4,327 | 8.54% |
| Sandpoint, ID (FHA|USDA|VA) | 9 | $2,275,000 | $252,778 | $9,199 | 8.10% |
| REDDING, CA (FHA|USDA|VA) | 9 | $1,995,000 | $221,667 | $7,212 | 8.17% |
| Pullman, WA (FHA|USDA|VA) | 11 | $1,865,000 | $169,545 | $8,366 | 8.77% |
| Port Angeles, WA (FHA|USDA|VA) | 4 | $1,800,000 | $450,000 | $9,991 | 7.72% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 10 | $1,740,000 | $174,000 | $13,422 | 9.74% |
| Prineville, OR (FHA|USDA|VA) | 4 | $1,620,000 | $405,000 | $24,006 | 7.69% |
| YUBA CITY, CA (FHA|USDA|VA) | 6 | $1,360,000 | $226,667 | $7,167 | 6.98% |
| ALBANY-LEBANON, OR (FHA|USDA|VA) | 7 | $1,355,000 | $193,571 | $10,138 | 8.80% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 8 | $1,250,000 | $156,250 | $0 | 9.40% |
| Klamath Falls, OR (FHA|USDA|VA) | 4 | $1,200,000 | $300,000 | $10,351 | 8.00% |
| Aberdeen, WA (FHA|USDA|VA) | 5 | $1,065,000 | $213,000 | $11,329 | 9.52% |
| VISALIA, CA (FHA|USDA|VA) | 1 | $825,000 | $825,000 | $19,669 | 8.63% |
| Brookings, OR (FHA|USDA|VA) | 1 | $785,000 | $785,000 | $9,328 | 7.13% |
| IDAHO FALLS, ID (FHA|USDA|VA) | 1 | $755,000 | $755,000 | $17,262 | 8.50% |
| Hood River, OR (FHA|USDA|VA) | 1 | $705,000 | $705,000 | $0 | 9.24% |
| Othello, WA (FHA|USDA|VA) | 1 | $575,000 | $575,000 | $14,608 | 8.38% |
| VALLEJO, CA (FHA|USDA|VA) | 4 | $480,000 | $120,000 | $1,358 | 9.81% |
| The Dalles, OR (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $0 | 11.74% |
| TWIN FALLS, ID (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $16,455 | 6.13% |
| FRESNO, CA (FHA|USDA|VA) | 2 | $140,000 | $70,000 | $0 | 10.24% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 9.24% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 9.99% |
| CORVALLIS, OR (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 11.99% |
Similar Lenders
We use machine learning to identify the top lenders compared against Banner 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
For 2024, Banner Bank's most frequently originated type of loan was HELOC, with 1,755 originations. Their 2nd most popular type was Conventional, with 1,209 originations.
Loan Reason
For 2024, Banner Bank's most frequently cited loan purpose was Home Purchase, with 1,313 originations. The 2nd most popular reason was Home Improvement, with 1,142 originations.
Loan Duration/Length
For 2024, Banner Bank's most frequently cited loan duration was Other, with 1,768 originations. The 2nd most popular length was 30 Year, with 938 originations.
Origination Fees/Closing Costs
Banner Bank's average total fees were $7,801, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 525 originations.
Interest Rates
During 2024, Banner Bank's average interest rate for loans was 5.92%, while their most frequently originated rate bucket for loans was Over 8%, with 1,634 originations.
Loan Sizing
2024 saw Banner Bank place emphasis on $200k-400k loans with 806 originations, totaling $236,000,000 in origination value.
Applicant Income
Banner Bank lent most frequently to those with incomes in the $150k-250k range, with 775 originations. The second most popular income band? $100k-150k, with 762 originations.
Applicant Debt to Income Ratio
Banner Bank lent most frequently to those with DTI ratios of 20-30%, with 552 originations. The next most common DTI ratio? 30-36%, with 527 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications66.50%
Banner Bank has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick Rate
Approvals leading to origination75.41%
Banner Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 3,140 | $1,123,400,000 | $357,771 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3,140 | $1,123,400,000 | $357,771 |