Banner Bank Mortgage Rates, Fees & Info
Walla Walla, WALEI: WE0I402RW25AU38DTI13
Tax ID: 91-1645638
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
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, San Diego, Riverside, and Spokane among others. We have data for 69 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 relatively high 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% | 11/17/24 |
| 30 Year Conventional Purchase | 5.90% | 11/17/24 |
| 30 Year Conventional Refi | 6.29% | 11/17/24 |
| 30 Year Cash-out Refi | 6.61% | 11/17/24 |
| 30 Year FHA Purchase | 6.88% | 11/17/24 |
| 30 Year FHA Refi | 7.44% | 11/17/24 |
| 30 Year VA Purchase | 5.83% | 11/17/24 |
| 30 Year VA Refi | 6.03% | 11/17/24 |
| 30 Year USDA Purchase | 6.13% | 11/17/24 |
| 15 Year Conventional Purchase | 5.97% | 11/17/24 |
| 15 Year Conventional Refi | 6.70% | 11/17/24 |
| 15 Year Cash-out Refi | 6.70% | 11/17/24 |
| 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
2,968Origination Dollar Volume (All Markets)
$1,379,270,000Awards
Banner Bank - 2023
Banner Bank is a 2023 , due to their low .
For 2023, less than of lenders were eligible for this award.
Work for Banner Bank?
Use this award on your own site. Either save and use the images below, or pass the provided image embed code to your development team.
Relative Rate
Banner Bank's average 30 year fixed mortgage rate was
5.88%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of -0.6%.
Relative Fees (Closing Costs)
Banner Bank's average total fees/closing costs for a 30 year fixed rate
mortgage were $7,217.
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 $9,089.
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) | 536 | $258,940,000 | $483,097 | $9,109 | 7.33% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 243 | $116,685,000 | $480,185 | $12,588 | 8.05% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 120 | $104,850,000 | $873,750 | $9,033 | 9.11% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 115 | $71,065,000 | $617,957 | $13,082 | 9.25% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 207 | $70,185,000 | $339,058 | $9,376 | 8.18% |
| WENATCHEE, WA (FHA|USDA|VA) | 149 | $57,665,000 | $387,013 | $10,827 | 7.17% |
| BOISE CITY, ID (FHA|USDA|VA) | 69 | $54,705,000 | $792,826 | $7,291 | 7.75% |
| MEDFORD, OR (FHA|USDA|VA) | 56 | $53,990,000 | $964,107 | $9,617 | 7.93% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 90 | $52,130,000 | $579,222 | $18,566 | 9.53% |
| Outside of Metro Areas | 155 | $45,135,000 | $291,194 | $9,668 | 7.95% |
| BELLINGHAM, WA (FHA|USDA|VA) | 115 | $39,825,000 | $346,304 | $9,575 | 7.61% |
| KENNEWICK-RICHLAND, WA (FHA|USDA|VA) | 86 | $34,260,000 | $398,372 | $8,378 | 7.87% |
| Moses Lake, WA (FHA|USDA|VA) | 40 | $28,220,000 | $705,500 | $9,561 | 7.73% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 1 | $26,185,000 | $26,185,000 | $0 | 7.32% |
| EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) | 96 | $25,490,000 | $265,521 | $7,283 | 7.45% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 57 | $24,225,000 | $425,000 | $13,820 | 8.22% |
| VISALIA, CA (FHA|USDA|VA) | 3 | $22,675,000 | $7,558,333 | $16,257 | 7.84% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 2 | $22,110,000 | $11,055,000 | $0 | 8.34% |
| Coos Bay, OR (FHA|USDA|VA) | 106 | $19,470,000 | $183,679 | $8,083 | 8.06% |
| FRESNO, CA (FHA|USDA|VA) | 8 | $17,010,000 | $2,126,250 | $0 | 9.12% |
| SALEM, OR (FHA|USDA|VA) | 15 | $17,005,000 | $1,133,667 | $8,216 | 8.13% |
| MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) | 77 | $16,735,000 | $217,338 | $6,535 | 7.68% |
| EL CENTRO, CA (FHA|USDA|VA) | 1 | $16,695,000 | $16,695,000 | $0 | 7.47% |
| WALLA WALLA, WA (FHA|USDA|VA) | 73 | $15,815,000 | $216,644 | $7,841 | 8.14% |
| TWIN FALLS, ID (FHA|USDA|VA) | 6 | $14,750,000 | $2,458,333 | $8,236 | 6.12% |
| YAKIMA, WA (FHA|USDA|VA) | 76 | $14,000,000 | $184,211 | $8,039 | 8.43% |
| BEND, OR (FHA|USDA|VA) | 11 | $13,155,000 | $1,195,909 | $12,772 | 7.94% |
| Hermiston-Pendleton, OR (FHA|USDA|VA) | 72 | $12,620,000 | $175,278 | $8,984 | 8.17% |
| REDDING, CA (FHA|USDA|VA) | 20 | $9,330,000 | $466,500 | $11,991 | 7.79% |
| Ellensburg, WA (FHA|USDA|VA) | 17 | $9,275,000 | $545,588 | $17,386 | 8.39% |
| La Grande, OR (FHA|USDA|VA) | 33 | $6,695,000 | $202,879 | $9,722 | 7.86% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 19 | $6,365,000 | $335,000 | $11,985 | 7.69% |
| Sandpoint, ID (FHA|USDA|VA) | 15 | $5,745,000 | $383,000 | $12,912 | 8.17% |
| Oak Harbor, WA (FHA|USDA|VA) | 17 | $5,675,000 | $333,824 | $12,404 | 8.24% |
| Outside of Metro Areas | 22 | $5,590,000 | $254,091 | $7,564 | 8.24% |
| Roseburg, OR (FHA|USDA|VA) | 32 | $5,430,000 | $169,688 | $5,433 | 7.89% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 11 | $4,715,000 | $428,636 | $16,276 | 7.59% |
| Centralia, WA (FHA|USDA|VA) | 11 | $4,465,000 | $405,909 | $15,066 | 6.90% |
| LEWISTON, ID-WA (FHA|USDA|VA) | 24 | $4,380,000 | $182,500 | $4,946 | 8.16% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 11 | $3,505,000 | $318,636 | $17,246 | 9.11% |
| Moscow, ID (FHA|USDA|VA) | 10 | $3,270,000 | $327,000 | $7,996 | 7.67% |
| Shelton, WA (FHA|USDA|VA) | 12 | $3,100,000 | $258,333 | $9,298 | 7.50% |
| HANFORD-CORCORAN, CA (FHA|USDA|VA) | 1 | $3,005,000 | $3,005,000 | $0 | 6.92% |
| Red Bluff, CA (FHA|USDA|VA) | 13 | $2,665,000 | $205,000 | $9,745 | 8.70% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 8 | $2,640,000 | $330,000 | $0 | 9.70% |
| ALBANY-LEBANON, OR (FHA|USDA|VA) | 7 | $2,295,000 | $327,857 | $11,376 | 7.88% |
| VALLEJO, CA (FHA|USDA|VA) | 3 | $2,245,000 | $748,333 | $33,232 | 7.96% |
| CHICO, CA (FHA|USDA|VA) | 9 | $2,235,000 | $248,333 | $11,261 | 8.73% |
| Prineville, OR (FHA|USDA|VA) | 4 | $1,910,000 | $477,500 | $12,364 | 8.06% |
| Aberdeen, WA (FHA|USDA|VA) | 7 | $1,795,000 | $256,429 | $6,853 | 5.93% |
| GRANTS PASS, OR (FHA|USDA|VA) | 8 | $1,760,000 | $220,000 | $15,106 | 9.28% |
| Newport, OR (FHA|USDA|VA) | 5 | $1,675,000 | $335,000 | $8,491 | 7.08% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 5 | $1,555,000 | $311,000 | $14,399 | 8.57% |
| Port Angeles, WA (FHA|USDA|VA) | 3 | $1,395,000 | $465,000 | $9,101 | 6.38% |
| Pullman, WA (FHA|USDA|VA) | 12 | $1,390,000 | $115,833 | $4,884 | 8.54% |
| Othello, WA (FHA|USDA|VA) | 4 | $1,360,000 | $340,000 | $16,477 | 8.00% |
| Brookings, OR (FHA|USDA|VA) | 6 | $1,160,000 | $193,333 | $6,600 | 9.12% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 2 | $870,000 | $435,000 | $16,438 | 8.93% |
| LONGVIEW, WA (FHA|USDA|VA) | 6 | $830,000 | $138,333 | $12,292 | 8.99% |
| Sonora, CA (FHA|USDA|VA) | 3 | $815,000 | $271,667 | $12,264 | 8.08% |
| YUBA CITY, CA (FHA|USDA|VA) | 3 | $785,000 | $261,667 | $0 | 8.50% |
| Klamath Falls, OR (FHA|USDA|VA) | 3 | $665,000 | $221,667 | $8,905 | 7.79% |
| STOCKTON, CA (FHA|USDA|VA) | 4 | $640,000 | $160,000 | $0 | 9.25% |
| SALINAS, CA (FHA|USDA|VA) | 3 | $565,000 | $188,333 | $4,036 | 8.79% |
| Burley, ID (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $15,311 | 6.25% |
| Ontario, OR-ID (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $5,458 | 6.56% |
| Clearlake, CA (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $0 | 8.50% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 3 | $325,000 | $108,333 | $0 | 10.08% |
| Astoria, OR (FHA|USDA|VA) | 2 | $140,000 | $70,000 | $0 | 10.13% |
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.
Similarity Rank: 45
Similarity Rank: 55
Similarity Rank: 66
Similarity Rank: 72
Similarity Rank: 93
Similarity Rank: 98
Similarity Rank: 126
Similarity Rank: 140
Similarity Rank: 238
Similarity Rank: 258
Product Mix
For 2023, Banner Bank's most frequently originated type of loan was HELOC, with 1,478 originations. Their 2nd most popular type was Conventional, with 1,352 originations.
Loan Reason
For 2023, Banner Bank's most frequently cited loan purpose was Home Purchase, with 1,423 originations. The 2nd most popular reason was Home Improvement, with 999 originations.
Loan Duration/Length
For 2023, Banner Bank's most frequently cited loan duration was Other, with 1,496 originations. The 2nd most popular length was 30 Year, with 963 originations.
Origination Fees/Closing Costs
Banner Bank's average total fees were $7,217, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 605 originations.
Interest Rates
During 2023, Banner Bank's average interest rate for loans was 5.88%, while their most frequently originated rate bucket for loans was Over 8%, with 1,326 originations.
Loan Sizing
2023 saw Banner Bank place emphasis on $100,000 or less loans with 786 originations, totaling $39,640,000 in origination value.
Applicant Income
Banner Bank lent most frequently to those with incomes in the $150k-250k range, with 723 originations. The second most popular income band? $100k-150k, with 649 originations.
Applicant Debt to Income Ratio
Banner Bank lent most frequently to those with DTI ratios of 20-30%, with 580 originations. The next most common DTI ratio? 30-36%, with 513 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications65.74%
Banner Bank has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick Rate
Approvals leading to origination72.81%
Banner Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 2,968 | $1,379,270,000 | $464,714 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2,968 | $1,379,270,000 | $464,714 |