Aberdeen Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Aberdeen averaged
6.87%
for the week of 2024-11-07, compared to the national average of
6.79% for the same period.
The average rate for the prior week (2024-10-31) was
6.9% and
one month ago for the week of 2024-10-03, the
average rate was 6%.
Aberdeen's average rate one year ago was 7.94%.
For refis of the same type during the week of 2024-11-07, the average rate
was 6.79%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2024-11-07 | 6.79% |
| Aberdeen 30 Year Fixed Rate | 2024-11-07 | 6.87% |
| Aberdeen 30 Year Fixed Rate Refi | 2024-11-07 | 6.79% |
| Aberdeen 15 Year Fixed Rate | 2024-11-07 | 5.8% |
| Aberdeen 15 Year Fixed Rate Refi | 2024-11-07 | 6.2% |
| Aberdeen 30 Year FHA | 2024-11-07 | 6.46% |
| Aberdeen 30 Year FHA Refi | 2024-11-07 | 6.23% |
| Aberdeen 30 Year USDA | 2024-11-07 | 6.48% |
| Aberdeen 30 Year USDA Refi | 2024-11-07 | 6.68% |
| Aberdeen 30 Year VA | 2024-11-07 | 6.32% |
| Aberdeen 30 Year VA Refi | 2024-11-07 | 6.14% |
Aberdeen Top Lenders by Rates & Fees
The below table looks at the consensus average rates and fees provided by each lender, for only loans originated in the Aberdeen, WA market. This includes FHA, Conventional, USDA and VA loans, as well as refis. All terms in the below chart are 30 year fixed rate. Unless noted otherwise, other data is all inclusive (FHA, ARM, 15-yr, etc.).
Aberdeen Average Closing Costs & Other Stats
Aberdeen, WA's 125 lenders originated 1,694
loans during 2023. The total origination value was $427,470,000, with an average loan value of
$252,344.
Aberdeen's average closing costs are $6,175.
The top Aberdeen lender as defined by loan originations is QUICKEN LOANS, LLC, with
56 loans originated. Their average total fees are
$7,848, which is $1,176
lower than the next largest lender,
GUILD MORTGAGE COMPANY.
The lowest fee Aberdeen lenders (with over 10 loans originated) are
TWINSTAR ($4,120), KeyBank ($5,486), Timberland Bank ($5,921), Boeing Employees Credit Union ($6,357) and U.S. Bank ($6,500).
The lowest rate Aberdeen lenders (with over 10 loans originated) are
Boeing Employees Credit Union (6.38%), KeyBank (6.45%), TWINSTAR (6.51%), Bank of the Pacific (6.65%) and Timberland Bank (6.71%).
Aberdeen, WA Mortgage Market Share & Volume
Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.
| Name | 2022 Loan Value | 2023 Loan Value | % Change | 2023 Market Share |
|---|---|---|---|---|
| GUILD MORTGAGE COMPANY | $48,000,000 | $33,220,000 | -30.8% | 7.8% |
| ACADEMY MORTGAGE CORPORATION | $37,795,000 | $27,035,000 | -28.5% | 6.3% |
| QUICKEN LOANS, LLC | $49,860,000 | $26,730,000 | -46.4% | 6.3% |
| UNITED WHOLESALE MORTGAGE, LLC | $22,345,000 | $22,675,000 | 1.5% | 5.3% |
| Timberland Bank | $17,750,000 | $12,745,000 | -28.2% | 3.0% |
| Boeing Employees Credit Union | $17,080,000 | $12,255,000 | -28.2% | 2.9% |
| TWINSTAR | $20,135,000 | $11,540,000 | -42.7% | 2.7% |
| MOVEMENT MORTGAGE, LLC | $8,260,000 | $10,550,000 | 27.7% | 2.5% |
| Mortgage Research Center, LLC | $12,535,000 | $10,080,000 | -19.6% | 2.4% |
| U.S. Bank | $11,025,000 | $9,595,000 | -13.0% | 2.2% |
| EVERGREEN MONEYSOURCE MORTGAGE COMPANY | $11,810,000 | $8,870,000 | -24.9% | 2.1% |
| CMG MORTGAGE, INC. | $2,930,000 | $8,695,000 | 196.8% | 2.0% |
| CROSSCOUNTRY MORTGAGE, LLC | $14,700,000 | $8,495,000 | -42.2% | 2.0% |
| 1st Security Bank of Washington | $9,530,000 | $8,055,000 | -15.5% | 1.9% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $32,090,000 | $7,480,000 | -76.7% | 1.7% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $7,520,000 | $7,105,000 | -5.5% | 1.7% |
| Bank of the Pacific | $11,195,000 | $6,925,000 | -38.1% | 1.6% |
| HIGHLANDS RESIDENTIAL MORTGAGE, LTD. | $2,855,000 | $6,260,000 | 119.3% | 1.5% |
| GUARANTEED RATE, INC. | $1,420,000 | $6,255,000 | 340.5% | 1.5% |
| WASHINGTON STATE EMPLOYEES Credit Union | $8,730,000 | $6,125,000 | -29.8% | 1.4% |
| PREMIER MORTGAGE RESOURCES, L.L.C. | $10,725,000 | $5,550,000 | -48.3% | 1.3% |
| BROKER SOLUTIONS, INC. | $5,890,000 | $4,935,000 | -16.2% | 1.2% |
| KeyBank | $7,445,000 | $4,770,000 | -35.9% | 1.1% |
| Paramount Residential Mortgage Group, Inc. | $3,280,000 | $4,645,000 | 41.6% | 1.1% |
| NEWREZ LLC | $1,475,000 | $4,370,000 | 196.3% | 1.0% |
| BAY EQUITY LLC | $3,985,000 | $4,140,000 | 3.9% | 1.0% |
| Wells Fargo Bank | $13,070,000 | $4,120,000 | -68.5% | 1.0% |
| Umpqua Bank | $12,705,000 | $4,035,000 | -68.2% | 0.9% |
| Olympia Federal Savings & Loan Association | $18,235,000 | $3,800,000 | -79.2% | 0.9% |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $7,820,000 | $3,675,000 | -53.0% | 0.9% |
| Morgan Stanley Private Bank | $2,090,000 | $3,330,000 | 59.3% | 0.8% |
| MLD MORTGAGE INC. | $2,165,000 | $3,300,000 | 52.4% | 0.8% |
| LOANDEPOT.COM, LLC | $10,820,000 | $3,215,000 | -70.3% | 0.8% |
| JPMorgan Chase Bank | $5,090,000 | $3,120,000 | -38.7% | 0.7% |
| MANN FINANCIAL INC. | $3,115,000 | $3,040,000 | -2.4% | 0.7% |
| PENNYMAC LOAN SERVICES, LLC | $2,275,000 | $2,670,000 | 17.4% | 0.6% |
| MARION AND POLK SCHOOLS CREDIT UNION | $2,660,000 | n/a | 0.6% | |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $4,710,000 | $2,260,000 | -52.0% | 0.5% |
| SUMMIT FUNDING, INC. | $1,860,000 | $2,205,000 | 18.5% | 0.5% |
| Flagstar Bank, FSB | $4,865,000 | $2,190,000 | -55.0% | 0.5% |
| MID AMERICA MORTGAGE, INC. | $3,000,000 | $2,160,000 | -28.0% | 0.5% |
| The Federal Savings Bank | $2,185,000 | $2,130,000 | -2.5% | 0.5% |
| FREEDOM MORTGAGE CORPORATION | $5,375,000 | $2,060,000 | -61.7% | 0.5% |
| NFM, INC. | $3,290,000 | $2,045,000 | -37.8% | 0.5% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $2,495,000 | $1,995,000 | -20.0% | 0.5% |
| O BEE | $3,575,000 | $1,990,000 | -44.3% | 0.5% |
| NAVY FEDERAL CREDIT UNION | $3,980,000 | $1,965,000 | -50.6% | 0.5% |
| CARDINAL FINANCIAL | $1,385,000 | $1,890,000 | 36.5% | 0.4% |
| CORNERSTONE HOME LENDING, INC. | $3,125,000 | $1,890,000 | -39.5% | 0.4% |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | $430,000 | $1,885,000 | 338.4% | 0.4% |
| Bank of America | $4,475,000 | $1,795,000 | -59.9% | 0.4% |
| Banner Bank | $4,340,000 | $1,795,000 | -58.6% | 0.4% |
| AXIA FINANCIAL, LLC | $895,000 | $1,780,000 | 98.9% | 0.4% |
| MOUNTAIN AMERICA | $1,435,000 | $1,765,000 | 23.0% | 0.4% |
| Loan Simple, Inc. | $1,665,000 | n/a | 0.4% | |
| CALCON MUTUAL MORTGAGE LLC | $580,000 | $1,580,000 | 172.4% | 0.4% |
| FIRST TECHNOLOGY | $3,390,000 | $1,515,000 | -55.3% | 0.4% |
| GENEVA FINANCIAL, LLC | $585,000 | $1,435,000 | 145.3% | 0.3% |
| NBKC BANK | $2,040,000 | $1,280,000 | -37.3% | 0.3% |
| Wallick & Volk, Inc. | $3,215,000 | $1,280,000 | -60.2% | 0.3% |
| LEADERONE FINANCIAL CORPORATION | $1,875,000 | $1,240,000 | -33.9% | 0.3% |
| Washington Trust Bank | $1,255,000 | $1,190,000 | -5.2% | 0.3% |
| CALIBER HOME LOANS, INC. | $22,585,000 | $1,165,000 | -94.8% | 0.3% |
| American Airlines Federal Credit Union | $1,125,000 | n/a | 0.3% | |
| Ixonia Bank | $215,000 | $1,120,000 | 420.9% | 0.3% |
| JMJ FINANCIAL GROUP | $1,410,000 | $995,000 | -29.4% | 0.2% |
| Carrington Mortgage Services, LLC | $1,230,000 | $990,000 | -19.5% | 0.2% |
| HomeStreet Bank | $5,835,000 | $990,000 | -83.0% | 0.2% |
| Equity Prime Mortgage LLC | $455,000 | $985,000 | 116.5% | 0.2% |
| DEEPHAVEN MORTGAGE LLC | $970,000 | n/a | 0.2% | |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $960,000 | n/a | 0.2% | |
| T2 FINANCIAL LLC | $610,000 | $945,000 | 54.9% | 0.2% |
| Mr. Cooper ( Nationstar Mortgage ) | $4,635,000 | $925,000 | -80.0% | 0.2% |
| FINANCE OF AMERICA REVERSE LLC | $625,000 | $890,000 | 42.4% | 0.2% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $2,420,000 | $880,000 | -63.6% | 0.2% |
| First Interstate Bank | $1,715,000 | $870,000 | -49.3% | 0.2% |
| DAS Acquisition Company, LLC | $855,000 | n/a | 0.2% | |
| Strong Home Mortgage, LLC | $1,015,000 | $845,000 | -16.7% | 0.2% |
| AMERICAN FINANCIAL NETWORK, INC. | $830,000 | n/a | 0.2% | |
| First Financial Northwest Bank | $830,000 | n/a | 0.2% | |
| American Mortgage & Equity Consultants, Inc. | $825,000 | n/a | 0.2% | |
| USAA Federal Savings Bank | $1,325,000 | $825,000 | -37.7% | 0.2% |
| Northpointe Bank | $475,000 | $805,000 | 69.5% | 0.2% |
| AMERISAVE MORTGAGE CORPORATION | $3,650,000 | $770,000 | -78.9% | 0.2% |
| NOVA FINANCIAL & INVESTMENT CORPORATION | $205,000 | $765,000 | 273.2% | 0.2% |
| Charles Schwab Bank, SSB | $695,000 | $725,000 | 4.3% | 0.2% |
| First National Bank of America | $725,000 | n/a | 0.2% | |
| Republic Bank & Trust Company | $725,000 | n/a | 0.2% | |
| Citadel Servicing Corporation | $205,000 | $720,000 | 251.2% | 0.2% |
| VERITAS FUNDING, LLC | $235,000 | $720,000 | 206.4% | 0.2% |
| NATIONS DIRECT MORTGAGE, LLC | $670,000 | $710,000 | 6.0% | 0.2% |
| HighTechLending Inc | $695,000 | $700,000 | 0.7% | 0.2% |
| OnPoint Community Credit Union | $590,000 | $700,000 | 18.6% | 0.2% |
| First Federal Savings and Loan Association of Port Angeles | $3,300,000 | $695,000 | -78.9% | 0.2% |
| Sierra Pacific Mortgage Company, Inc. | $515,000 | $695,000 | 35.0% | 0.2% |
| Prosperity Home Mortgage, LLC | $255,000 | $690,000 | 170.6% | 0.2% |
| PROVIDENT FUNDING ASSOCIATES, L.P. | $155,000 | $680,000 | 338.7% | 0.2% |
| BETTER MORTGAGE CORPORATION | $1,075,000 | $665,000 | -38.1% | 0.2% |
| PENRITH HOME LOANS LLC | $265,000 | $665,000 | 150.9% | 0.2% |
| SAMMAMISH MORTGAGE COMPANY | $185,000 | $660,000 | 256.8% | 0.2% |
| Sunflower Bank | $650,000 | n/a | 0.2% | |
| ENVOY MORTGAGE, LTD | $640,000 | n/a | 0.1% | |
| Washington Federal Bank | $4,055,000 | $640,000 | -84.2% | 0.1% |
| DIRECTORS MORTGAGE, INC. | $1,320,000 | $610,000 | -53.8% | 0.1% |
| Bank of England | $255,000 | $605,000 | 137.3% | 0.1% |
| 21ST MORTGAGE CORPORATION | $75,000 | $585,000 | 680.0% | 0.1% |
| RESIDENTIAL HOME FUNDING CORP. | $585,000 | n/a | 0.1% | |
| Figure Lending LLC | $365,000 | $575,000 | 57.5% | 0.1% |
| NEW DAY FINANCIAL, LLC | $795,000 | $570,000 | -28.3% | 0.1% |
| PENTAGON FEDERAL CREDIT UNION | $115,000 | $565,000 | 391.3% | 0.1% |
| UNION HOME MORTGAGE CORP. | $540,000 | n/a | 0.1% | |
| DIGITAL Federal Credit Union | $535,000 | n/a | 0.1% | |
| Coastal Community Bank | $505,000 | n/a | 0.1% | |
| SPRING EQ, LLC | $470,000 | $500,000 | 6.4% | 0.1% |
| TRIAD FINANCIAL SERVICES, INC. | $985,000 | $500,000 | -49.2% | 0.1% |
| Seattle Metropolitan Credit Union | $935,000 | $485,000 | -48.1% | 0.1% |
| PLANET HOME LENDING, LLC | $2,185,000 | $480,000 | -78.0% | 0.1% |
| SALAL | $135,000 | $480,000 | 255.6% | 0.1% |
| CREDIT HUMAN FEDERAL CREDIT UNION | $590,000 | $475,000 | -19.5% | 0.1% |
| TOP FLITE FINANCIAL, INC. | $400,000 | $460,000 | 15.0% | 0.1% |
| Evolve Bank & Trust | $215,000 | $450,000 | 109.3% | 0.1% |
| Cornerstone First Mortgage, Inc | $435,000 | n/a | 0.1% | |
| Stifel Bank and Trust | $305,000 | $435,000 | 42.6% | 0.1% |
| Uwharrie Bank | $435,000 | n/a | 0.1% | |
| TJC Mortgage, Inc. | $580,000 | $415,000 | -28.4% | 0.1% |
| LADERA LENDING, INC. | $235,000 | $410,000 | 74.5% | 0.1% |
| LAND HOME FINANCIAL SERVICES, INC. | $930,000 | $410,000 | -55.9% | 0.1% |
| CHURCHILL MORTGAGE CORPORATION | $1,340,000 | $405,000 | -69.8% | 0.1% |
| SOUND | $475,000 | $395,000 | -16.8% | 0.1% |
| SUN WEST MORTGAGE COMPANY, INC. | $295,000 | $395,000 | 33.9% | 0.1% |
| PNC Bank | $1,265,000 | $390,000 | -69.2% | 0.1% |
| V.I.P. MORTGAGE, INC. | $375,000 | $390,000 | 4.0% | 0.1% |
| Farmers Bank & Trust | $445,000 | $385,000 | -13.5% | 0.1% |
| Alaska USA Federal Credit Union | $110,000 | $375,000 | 240.9% | 0.1% |
| HomeTrust Bank | $240,000 | $360,000 | 50.0% | 0.1% |
| Chickasaw Community Bank | $355,000 | n/a | 0.1% | |
| PRIORITY HOME LENDING, LLC | $885,000 | $355,000 | -59.9% | 0.1% |
| Servion, Inc. | $1,145,000 | $355,000 | -69.0% | 0.1% |
| Nations Lending Corporation | $770,000 | $350,000 | -54.5% | 0.1% |
| CITY FIRST MORTGAGE SERVICES, L.L.C. | $335,000 | n/a | 0.1% | |
| LOANPAL, LLC | $335,000 | n/a | 0.1% | |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $460,000 | $335,000 | -27.2% | 0.1% |
| General Mortgage Capital Corporation | $325,000 | n/a | 0.1% | |
| GESA | $1,835,000 | $320,000 | -82.6% | 0.1% |
| CU HOME MORTGAGE SOLUTIONS, LLC | $410,000 | $315,000 | -23.2% | 0.1% |
| INTERNATIONAL CITY MORTGAGE, INC. | $315,000 | n/a | 0.1% | |
| ZILLOW HOME LOANS, LLC | $695,000 | $310,000 | -55.4% | 0.1% |
| AMCAP MORTGAGE, LTD. | $585,000 | $305,000 | -47.9% | 0.1% |
| Armed Forces Bank | $165,000 | $305,000 | 84.8% | 0.1% |
| TOTAL MORTGAGE SERVICES, LLC | $305,000 | n/a | 0.1% | |
| Century Mortgage Company DBA Century Lending Company | $395,000 | $295,000 | -25.3% | 0.1% |
| ON Q FINANCIAL, INC. | $295,000 | n/a | 0.1% | |
| ROYAL UNITED MORTGAGE LLC | $125,000 | $295,000 | 136.0% | 0.1% |
| HOMEXPRESS MORTGAGE CORP. | $1,280,000 | $290,000 | -77.3% | 0.1% |
| RELIANCE FIRST CAPITAL, LLC | $175,000 | $275,000 | 57.1% | 0.1% |
| Sound Community Bank | $365,000 | $275,000 | -24.7% | 0.1% |
| Credence Funding Corporation | $265,000 | n/a | 0.1% | |
| NETWORK CAPITAL FUNDING CORPORATION | $260,000 | $265,000 | 1.9% | 0.1% |
| Willamette Valley Bank | $265,000 | n/a | 0.1% | |
| RED CANOE CREDIT UNION | $35,000 | $260,000 | 642.9% | 0.1% |
| Axos Bank | $460,000 | $255,000 | -44.6% | 0.1% |
| Ally Bank | $740,000 | $250,000 | -66.2% | 0.1% |
| DOMINION FINANCIAL SERVICES, LLC | $245,000 | n/a | 0.1% | |
| MASON MCDUFFIE MORTGAGE CORPORATION | $245,000 | $245,000 | 0.0% | 0.1% |
| PHH Mortgage Corporation | $1,160,000 | $240,000 | -79.3% | 0.1% |
| MORTGAGEONE, INC. | $235,000 | n/a | 0.1% | |
| ALLIANT CREDIT UNION | $295,000 | $230,000 | -22.0% | 0.1% |
| First Federal Bank | $225,000 | n/a | 0.1% | |
| GUARANTY HOME MORTGAGE CORPORATION | $225,000 | n/a | 0.1% | |
| Third Federal Savings and Loan Association of Cleveland | $105,000 | $220,000 | 109.5% | 0.1% |
| STAR ONE CREDIT UNION | $215,000 | n/a | 0.1% | |
| Logan Finance Corporation | $205,000 | n/a | 0.0% | |
| Barrington Bank & Trust Company, N.A. | $235,000 | $195,000 | -17.0% | 0.0% |
| Discover Bank | $170,000 | $195,000 | 14.7% | 0.0% |
| FIBRE FEDERAL CREDIT UNION | $275,000 | $195,000 | -29.1% | 0.0% |
| LENDSURE MORTGAGE CORP. | $380,000 | $195,000 | -48.7% | 0.0% |
| MOUNTAIN WEST FINANCIAL, INC. | $195,000 | n/a | 0.0% | |
| Bethpage Federal Credit Union | $190,000 | n/a | 0.0% | |
| MORTGAGE EXPRESS, LLC | $570,000 | $185,000 | -67.5% | 0.0% |
| SOUTHWEST STAGE FUNDING, LLC | $570,000 | $185,000 | -67.5% | 0.0% |
| ALL REVERSE MORTGAGE, INC. | $175,000 | n/a | 0.0% | |
| BECKAM FUNDING CORP. | $175,000 | n/a | 0.0% | |
| LAKEVIEW LOAN SERVICING, LLC | $2,160,000 | $175,000 | -91.9% | 0.0% |
| AMERICAN FINANCING CORPORATION | $670,000 | $165,000 | -75.4% | 0.0% |
| iQ Credit Union | $1,115,000 | $165,000 | -85.2% | 0.0% |
| VERITY | $360,010,000 | $165,000 | -100.0% | 0.0% |
| AmeriHome Mortgage Company, LLC | $195,000 | $155,000 | -20.5% | 0.0% |
| COLUMBIA COMMUNITY CREDIT UNION | $230,000 | $145,000 | -37.0% | 0.0% |
| NEXERA HOLDING LLC | $265,000 | $145,000 | -45.3% | 0.0% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $145,000 | n/a | 0.0% | |
| HARBORSTONE | $240,000 | $140,000 | -41.7% | 0.0% |
| ADVANCIAL | $135,000 | n/a | 0.0% | |
| CIVIC FINANCIAL SERVICES, LLC | $1,935,000 | $135,000 | -93.0% | 0.0% |
| Citizens Bank | $125,000 | n/a | 0.0% | |
| OCMBC, INC. | $125,000 | n/a | 0.0% | |
| United Fidelity Funding Corp. | $125,000 | n/a | 0.0% | |
| WHATCOM EDUCATIONAL CREDIT UNION | $115,000 | $115,000 | 0.0% | 0.0% |
| CASTPARTS EMPLOYEES | $105,000 | n/a | 0.0% | |
| FIRST COMMUNITY | $105,000 | n/a | 0.0% | |
| ADVANTIS | $640,000 | $95,000 | -85.2% | 0.0% |
| America's Credit Union | $830,000 | $90,000 | -89.2% | 0.0% |
| MOUNTAINCREST CREDIT UNION | $85,000 | n/a | 0.0% | |
| TAPCO Credit Union | $85,000 | n/a | 0.0% | |
| SPOKANE TEACHERS | $50,000 | $75,000 | 50.0% | 0.0% |
| VELOCITY COMMERCIAL CAPITAL, LLC | $75,000 | n/a | 0.0% | |
| NORTHROP GRUMMAN Federal Credit Union | $55,000 | n/a | 0.0% | |
| QUORUM FEDERAL CREDIT UNION | $250,000 | $55,000 | -78.0% | 0.0% |
| SaviBank | $45,000 | n/a | 0.0% | |
| KITSAP Credit Union | $555,000 | $35,000 | -93.7% | 0.0% |
Aberdeen's top lender by overall market share is GUILD MORTGAGE COMPANY, with 7.8% market share. In second place, with 6.3%, is ACADEMY MORTGAGE CORPORATION, having originated $27,035,000 in loans. In third place, with 6.3%, is QUICKEN LOANS, LLC, having originated $26,730,000 in loans. In fourth place, with 5.3%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $22,675,000 in loans. In fifth place, with 3.0%, is Timberland Bank, having originated $12,745,000 in loans.
Aberdeen, WA Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 1,054 | $319,610,000 | $303,235 |
| Cash Out Refi | 234 | $54,280,000 | $231,966 |
| Home Improvement | 158 | $13,100,000 | $82,911 |
| Other | 144 | $15,240,000 | $105,833 |
| Refi | 104 | $25,240,000 | $242,692 |
Aberdeen's most frequently cited loan purpose was Home Purchase, with 1,054 originations. The 2nd most popular reason was Cash Out Refi, with 234 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 593 | $180,915,000 | $305,084 |
| 7-8% | 481 | $126,455,000 | $262,900 |
| Over 8% | 289 | $39,105,000 | $135,311 |
| 5-6% | 212 | $69,910,000 | $329,764 |
| <2.5% | 66 | $650,000 | $9,848 |
| 4-5% | 40 | $7,970,000 | $199,250 |
| 2.5-3% | 2 | $490,000 | $245,000 |
| 3-4% | 1 | $215,000 | $215,000 |
During 2023, Aberdeen's most frequently originated rate bucket was 6-7%, with 593 originations.
Loan Sizing (Aberdeen, WA MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 732 | $212,840,000 | $290,765 |
| $100,000 or less | 369 | $18,235,000 | $49,417 |
| $100k-200k | 341 | $51,885,000 | $152,155 |
| $400k-600k | 175 | $82,085,000 | $469,057 |
| $600k-1000k | 65 | $46,495,000 | $715,308 |
| $Over $1MM | 12 | $15,930,000 | $1,327,500 |
Aberdeen's loan sizing saw the bucket of loans from $200k-400k with 732 originations, totaling $212,840,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 645 | $214,505,000 | $332,566 |
| 60-80% | 368 | $125,090,000 | $339,918 |
| Under 20% | 287 | $12,755,000 | $44,443 |
| 40-60% | 188 | $40,880,000 | $217,447 |
| 20-40% | 177 | $23,885,000 | $134,944 |
| Over 100% | 22 | $8,280,000 | $376,364 |
Aberdeen's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 645 originations, totaling $214,505,000 in origination value.