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, 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% | 4/28/24 |
| 30 Year Conventional Purchase | 5.90% | 4/28/24 |
| 30 Year Conventional Refi | 6.29% | 4/28/24 |
| 30 Year Cash-out Refi | 6.61% | 4/28/24 |
| 30 Year FHA Purchase | 6.88% | 4/28/24 |
| 30 Year FHA Refi | 7.44% | 4/28/24 |
| 30 Year VA Purchase | 5.83% | 4/28/24 |
| 30 Year VA Refi | 6.03% | 4/28/24 |
| 30 Year USDA Purchase | 6.13% | 4/28/24 |
| 15 Year Conventional Purchase | 5.97% | 4/28/24 |
| 15 Year Conventional Refi | 6.70% | 4/28/24 |
| 15 Year Cash-out Refi | 6.70% | 4/28/24 |
| 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
5,172Origination Dollar Volume (All Markets)
$2,007,900,000Awards
Banner Bank - 2022
Banner Bank is a 2022 , due to their low .
For 2022, 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.
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% |
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: 10
Similarity Rank: 30
Similarity Rank: 48
Similarity Rank: 77
Similarity Rank: 236
Similarity Rank: 248
Similarity Rank: 396
Similarity Rank: 437
Similarity Rank: 589
Similarity Rank: 609
Product Mix
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
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
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
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
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
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
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
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
Approval Rates
Total approvals of all applications73.40%
Banner Bank has a below average approval rate.
Pick Rate
Approvals leading to origination74.17%
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 |