BELLINGHAM Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Bellingham averaged
6.69%
for the week of 2024-07-18, compared to the national average of
6.77% for the same period.
The average rate for the prior week (2024-07-11) was
7.01% and
one month ago for the week of 2024-06-13, the
average rate was 6.77%.
Bellingham's average rate one year ago was 6.68%.
For refis of the same type during the week of 2024-07-18, the average rate
was 7.62%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2024-07-18 | 6.77% |
| Bellingham 30 Year Fixed Rate | 2024-07-18 | 6.69% |
| Bellingham 30 Year Fixed Rate Refi | 2024-07-18 | 7.62% |
| Bellingham 15 Year Fixed Rate | 2024-07-18 | 6.25% |
| Bellingham 15 Year Fixed Rate Refi | 2024-07-18 | 6.45% |
| Bellingham 30 Year FHA | 2024-07-18 | 6.57% |
| Bellingham 30 Year FHA Refi | 2024-07-18 | 6.49% |
| Bellingham 30 Year USDA | 2024-07-18 | 6.63% |
| Bellingham 30 Year USDA Refi | 2024-07-18 | 6.63% |
| Bellingham 30 Year VA | 2024-07-18 | 6.15% |
| Bellingham 30 Year VA Refi | 2024-07-18 | 6.1% |
BELLINGHAM 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 BELLINGHAM, 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.).
BELLINGHAM Average Closing Costs & Other Stats
BELLINGHAM, WA's 151 lenders originated 3,937
loans during 2023. The total origination value was $1,411,685,000, with an average loan value of
$358,569.
BELLINGHAM's average closing costs are $5,464.
The top BELLINGHAM lender as defined by loan originations is EVERGREEN MONEYSOURCE MORTGAGE COMPANY, with
226 loans originated. Their average total fees are
$9,684, which is $41
lower than the next largest lender,
MOVEMENT MORTGAGE, LLC.
The lowest fee BELLINGHAM lenders (with over 10 loans originated) are
RBC Bank, (Georgia) ($2,001), First Federal Savings and Loan Association of Port Angeles ($4,220), Morgan Stanley Private Bank ($4,401), JPMorgan Chase Bank ($5,084) and RESIDENTIAL WHOLESALE MORTGAGE, INC. ($5,462).
The lowest rate BELLINGHAM lenders (with over 10 loans originated) are
Morgan Stanley Private Bank (5.86%), Heritage Bank (6.00%), RBC Bank, (Georgia) (6.00%), Boeing Employees Credit Union (6.13%) and Bank of the Pacific (6.19%).
BELLINGHAM, 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 |
|---|---|---|---|---|
| WHATCOM EDUCATIONAL CREDIT UNION | $241,010,000 | $139,480,000 | -42.1% | 9.9% |
| EVERGREEN MONEYSOURCE MORTGAGE COMPANY | $9,960,000 | $127,910,000 | 1,184.2% | 9.1% |
| Peoples Bank | $195,565,000 | $100,690,000 | -48.5% | 7.1% |
| MOVEMENT MORTGAGE, LLC | $29,360,000 | $90,960,000 | 209.8% | 6.4% |
| Boeing Employees Credit Union | $61,630,000 | $87,155,000 | 41.4% | 6.2% |
| UNITED WHOLESALE MORTGAGE, LLC | $70,105,000 | $55,865,000 | -20.3% | 4.0% |
| GUILD MORTGAGE COMPANY | $51,820,000 | $44,595,000 | -13.9% | 3.2% |
| QUICKEN LOANS, LLC | $78,375,000 | $41,550,000 | -47.0% | 2.9% |
| Banner Bank | $66,970,000 | $39,825,000 | -40.5% | 2.8% |
| CROSSCOUNTRY MORTGAGE, LLC | $32,180,000 | $34,640,000 | 7.6% | 2.5% |
| First Federal Savings and Loan Association of Port Angeles | $42,435,000 | $24,650,000 | -41.9% | 1.7% |
| CMG MORTGAGE, INC. | $6,680,000 | $23,010,000 | 244.5% | 1.6% |
| LEADERONE FINANCIAL CORPORATION | $27,185,000 | $21,375,000 | -21.4% | 1.5% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $40,010,000 | $21,185,000 | -47.1% | 1.5% |
| Washington Federal Bank | $62,030,000 | $20,150,000 | -67.5% | 1.4% |
| U.S. Bank | $51,075,000 | $19,920,000 | -61.0% | 1.4% |
| JONES LANG LASALLE MULTIFAMILY, LLC | $18,575,000 | n/a | 1.3% | |
| Bank of the Pacific | $18,110,000 | $18,190,000 | 0.4% | 1.3% |
| SaviBank | $16,595,000 | n/a | 1.2% | |
| JPMorgan Chase Bank | $71,235,000 | $16,450,000 | -76.9% | 1.2% |
| PENNYMAC LOAN SERVICES, LLC | $16,365,000 | $16,335,000 | -0.2% | 1.2% |
| Bank of America | $18,940,000 | $16,245,000 | -14.2% | 1.2% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $12,525,000 | $15,645,000 | 24.9% | 1.1% |
| Heritage Bank | $35,145,000 | $14,930,000 | -57.5% | 1.1% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $35,340,000 | $13,975,000 | -60.5% | 1.0% |
| Wells Fargo Bank | $25,710,000 | $13,925,000 | -45.8% | 1.0% |
| Mortgage Research Center, LLC | $11,530,000 | $13,065,000 | 13.3% | 0.9% |
| Umpqua Bank | $334,150,000 | $12,575,000 | -96.2% | 0.9% |
| CANOPY MORTGAGE, LLC | $20,885,000 | $12,455,000 | -40.4% | 0.9% |
| KeyBank | $36,510,000 | $12,240,000 | -66.5% | 0.9% |
| Morgan Stanley Private Bank | $22,195,000 | $10,435,000 | -53.0% | 0.7% |
| RESIDENTIAL WHOLESALE MORTGAGE, INC. | $3,895,000 | $10,010,000 | 157.0% | 0.7% |
| NAVY FEDERAL CREDIT UNION | $18,610,000 | $8,545,000 | -54.1% | 0.6% |
| INDUSTRIAL CU OF WHATCOM COUNTY | $8,510,000 | n/a | 0.6% | |
| Alaska USA Federal Credit Union | $2,710,000 | $7,755,000 | 186.2% | 0.5% |
| Coastal Community Bank | $7,425,000 | n/a | 0.5% | |
| North Coast Credit Union | $7,190,000 | n/a | 0.5% | |
| BMO Harris Bank | $2,120,000 | $7,080,000 | 234.0% | 0.5% |
| BROKER SOLUTIONS, INC. | $10,350,000 | $6,815,000 | -34.2% | 0.5% |
| WASHINGTON STATE EMPLOYEES Credit Union | $2,730,000 | $6,790,000 | 148.7% | 0.5% |
| BAY EQUITY LLC | $7,490,000 | $6,345,000 | -15.3% | 0.4% |
| ENVOY MORTGAGE, LTD | $760,000 | $6,150,000 | 709.2% | 0.4% |
| PNC Bank | $8,720,000 | $6,030,000 | -30.8% | 0.4% |
| CORNERSTONE HOME LENDING, INC. | $6,410,000 | $5,510,000 | -14.0% | 0.4% |
| AMERICAN FINANCIAL NETWORK, INC. | $4,965,000 | n/a | 0.4% | |
| LOANDEPOT.COM, LLC | $27,200,000 | $4,825,000 | -82.3% | 0.3% |
| PROVIDENT FUNDING ASSOCIATES, L.P. | $2,945,000 | $4,475,000 | 52.0% | 0.3% |
| GUARANTEED RATE, INC. | $2,300,000 | $3,880,000 | 68.7% | 0.3% |
| RBC Bank, (Georgia) | $4,405,000 | $3,870,000 | -12.1% | 0.3% |
| Washington Trust Bank | $3,805,000 | $3,760,000 | -1.2% | 0.3% |
| 1st Security Bank of Washington | $3,885,000 | $3,720,000 | -4.2% | 0.3% |
| RF Renovo Management Company, LLC | $3,670,000 | n/a | 0.3% | |
| USAA Federal Savings Bank | $4,530,000 | $3,520,000 | -22.3% | 0.2% |
| NFM, INC. | $5,255,000 | $3,105,000 | -40.9% | 0.2% |
| FIRST TECHNOLOGY | $2,285,000 | $2,965,000 | 29.8% | 0.2% |
| HOMEXPRESS MORTGAGE CORP. | $870,000 | $2,860,000 | 228.7% | 0.2% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $3,500,000 | $2,845,000 | -18.7% | 0.2% |
| Mr. Cooper ( Nationstar Mortgage ) | $5,860,000 | $2,825,000 | -51.8% | 0.2% |
| PENTAGON FEDERAL CREDIT UNION | $4,870,000 | $2,820,000 | -42.1% | 0.2% |
| MID AMERICA MORTGAGE, INC. | $2,860,000 | $2,740,000 | -4.2% | 0.2% |
| SAMMAMISH MORTGAGE COMPANY | $1,330,000 | $2,650,000 | 99.2% | 0.2% |
| NEWREZ LLC | $3,630,000 | $2,525,000 | -30.4% | 0.2% |
| NEXERA HOLDING LLC | $3,655,000 | $2,510,000 | -31.3% | 0.2% |
| FREEDOM MORTGAGE CORPORATION | $6,615,000 | $2,455,000 | -62.9% | 0.2% |
| INSPIRE HOME LOANS INC. | $205,000 | $2,315,000 | 1,029.3% | 0.2% |
| PREMIA MORTGAGE, LLC | $2,665,000 | $2,300,000 | -13.7% | 0.2% |
| Sierra Pacific Mortgage Company, Inc. | $1,820,000 | $2,290,000 | 25.8% | 0.2% |
| Third Federal Savings and Loan Association of Cleveland | $2,450,000 | $2,250,000 | -8.2% | 0.2% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $2,030,000 | $2,170,000 | 6.9% | 0.2% |
| Discover Bank | $1,050,000 | $2,095,000 | 99.5% | 0.1% |
| First-Citizens Bank & Trust Company | $2,590,000 | $2,080,000 | -19.7% | 0.1% |
| ACADEMY MORTGAGE CORPORATION | $3,165,000 | $2,045,000 | -35.4% | 0.1% |
| NBKC BANK | $4,380,000 | $2,045,000 | -53.3% | 0.1% |
| AMERISAVE MORTGAGE CORPORATION | $7,305,000 | $1,985,000 | -72.8% | 0.1% |
| NexBank | $2,625,000 | $1,975,000 | -24.8% | 0.1% |
| NATIONS DIRECT MORTGAGE, LLC | $820,000 | $1,960,000 | 139.0% | 0.1% |
| ALLIANT CREDIT UNION | $3,305,000 | $1,880,000 | -43.1% | 0.1% |
| FINANCE OF AMERICA REVERSE LLC | $5,035,000 | $1,865,000 | -63.0% | 0.1% |
| HomeTrust Bank | $1,205,000 | $1,855,000 | 53.9% | 0.1% |
| The Federal Savings Bank | $1,755,000 | $1,825,000 | 4.0% | 0.1% |
| Charles Schwab Bank, SSB | $2,615,000 | $1,800,000 | -31.2% | 0.1% |
| Figure Lending LLC | $2,275,000 | $1,760,000 | -22.6% | 0.1% |
| GUARANTEED RATE AFFINITY, LLC | $465,000 | $1,725,000 | 271.0% | 0.1% |
| Citadel Servicing Corporation | $1,060,000 | $1,670,000 | 57.5% | 0.1% |
| First Federal Bank | $1,625,000 | n/a | 0.1% | |
| PREMIER MORTGAGE RESOURCES, L.L.C. | $4,505,000 | $1,625,000 | -63.9% | 0.1% |
| Paramount Residential Mortgage Group, Inc. | $4,265,000 | $1,620,000 | -62.0% | 0.1% |
| LENDINGHOME FUNDING CORPORATION | $2,500,000 | $1,570,000 | -37.2% | 0.1% |
| Northwest Farm Credit Services, FLCA | $760,000 | $1,525,000 | 100.7% | 0.1% |
| HomeStreet Bank | $3,825,000 | $1,510,000 | -60.5% | 0.1% |
| OCMBC, INC. | $1,465,000 | n/a | 0.1% | |
| CALIBER HOME LOANS, INC. | $228,225,000 | $1,445,000 | -99.4% | 0.1% |
| ZILLOW HOME LOANS, LLC | $1,025,000 | $1,435,000 | 40.0% | 0.1% |
| 21ST MORTGAGE CORPORATION | $295,000 | $1,395,000 | 372.9% | 0.1% |
| Flagstar Bank, FSB | $10,925,000 | $1,325,000 | -87.9% | 0.1% |
| Farmers Bank & Trust | $455,000 | $1,310,000 | 187.9% | 0.1% |
| CALCON MUTUAL MORTGAGE LLC | $2,050,000 | $1,305,000 | -36.3% | 0.1% |
| GESA | $4,065,000 | $1,260,000 | -69.0% | 0.1% |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $480,000 | $1,260,000 | 162.5% | 0.1% |
| DIGITAL Federal Credit Union | $1,240,000 | n/a | 0.1% | |
| NEW DAY FINANCIAL, LLC | $1,410,000 | $1,235,000 | -12.4% | 0.1% |
| DEEPHAVEN MORTGAGE LLC | $1,135,000 | n/a | 0.1% | |
| AMERICAN FINANCIAL RESOURCES, INC. | $705,000 | $1,100,000 | 56.0% | 0.1% |
| Northpointe Bank | $2,175,000 | $1,100,000 | -49.4% | 0.1% |
| REDWOOD RESIDENTIAL ACQUISITION CORPORATION | $1,085,000 | n/a | 0.1% | |
| OnPoint Community Credit Union | $135,000 | $1,080,000 | 700.0% | 0.1% |
| SUMMIT FUNDING, INC. | $2,775,000 | $1,080,000 | -61.1% | 0.1% |
| LONGBRIDGE FINANCIAL, LLC | $1,425,000 | $1,070,000 | -24.9% | 0.1% |
| American Mortgage & Equity Consultants, Inc. | $1,060,000 | n/a | 0.1% | |
| BETTER MORTGAGE CORPORATION | $9,170,000 | $1,020,000 | -88.9% | 0.1% |
| HIGHLANDS RESIDENTIAL MORTGAGE, LTD. | $2,695,000 | $1,015,000 | -62.3% | 0.1% |
| EMBRACE HOME LOANS, INC. | $465,000 | $1,005,000 | 116.1% | 0.1% |
| MASON MCDUFFIE MORTGAGE CORPORATION | $970,000 | n/a | 0.1% | |
| LOANPAL, LLC | $605,000 | $925,000 | 52.9% | 0.1% |
| TWINSTAR | $55,000 | $905,000 | 1,545.5% | 0.1% |
| TRIAD FINANCIAL SERVICES, INC. | $815,000 | $895,000 | 9.8% | 0.1% |
| Bethpage Federal Credit Union | $290,000 | $870,000 | 200.0% | 0.1% |
| Wyndham Capital Mortgage, Inc. | $1,420,000 | $870,000 | -38.7% | 0.1% |
| Valley National Bank | $865,000 | n/a | 0.1% | |
| MORTGAGE ACCESS CORP. | $860,000 | n/a | 0.1% | |
| Old National Bank | $860,000 | n/a | 0.1% | |
| SUMMIT MORTGAGE CORPORATION | $850,000 | n/a | 0.1% | |
| Citibank | $3,975,000 | $835,000 | -79.0% | 0.1% |
| AMWEST FUNDING CORP. | $385,000 | $830,000 | 115.6% | 0.1% |
| T2 FINANCIAL LLC | $375,000 | $810,000 | 116.0% | 0.1% |
| V.I.P. MORTGAGE, INC. | $545,000 | $810,000 | 48.6% | 0.1% |
| DAS Acquisition Company, LLC | $790,000 | n/a | 0.1% | |
| Nations Lending Corporation | $1,160,000 | $780,000 | -32.8% | 0.1% |
| Evolve Bank & Trust | $775,000 | n/a | 0.1% | |
| Prosperity Home Mortgage, LLC | $445,000 | $770,000 | 73.0% | 0.1% |
| VILLAGE CAPITAL MORTGAGE | $830,000 | $765,000 | -7.8% | 0.1% |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | $815,000 | $730,000 | -10.4% | 0.1% |
| The Loan Store, Inc. | $730,000 | n/a | 0.1% | |
| TOP FLITE FINANCIAL, INC. | $1,470,000 | $730,000 | -50.3% | 0.1% |
| ARC HOME LLC | $835,000 | $725,000 | -13.2% | 0.1% |
| CREDIT HUMAN FEDERAL CREDIT UNION | $240,000 | $725,000 | 202.1% | 0.1% |
| DRAPER AND KRAMER MORTGAGE CORP. | $1,630,000 | $725,000 | -55.5% | 0.1% |
| ONY GLO, INC. | $495,000 | $725,000 | 46.5% | 0.1% |
| SPRING EQ, LLC | $1,395,000 | $720,000 | -48.4% | 0.1% |
| Timberland Bank | $705,000 | n/a | 0.0% | |
| INTERNATIONAL CITY MORTGAGE, INC. | $685,000 | n/a | 0.0% | |
| GENEVA FINANCIAL, LLC | $720,000 | $675,000 | -6.3% | 0.0% |
| Sound Community Bank | $2,280,000 | $660,000 | -71.1% | 0.0% |
| MEMBER FIRST MORTGAGE, LLC | $635,000 | n/a | 0.0% | |
| United Fidelity Funding Corp. | $525,000 | $625,000 | 19.0% | 0.0% |
| Plains Commerce Bank | $505,000 | $595,000 | 17.8% | 0.0% |
| RESIDENTIAL MORTGAGE, LLC | $555,000 | n/a | 0.0% | |
| Sunflower Bank | $355,000 | $555,000 | 56.3% | 0.0% |
| Ixonia Bank | $545,000 | n/a | 0.0% | |
| Loan Simple, Inc. | $265,000 | $545,000 | 105.7% | 0.0% |
| Century Mortgage Company DBA Century Lending Company | $535,000 | n/a | 0.0% | |
| Citizens Bank | $535,000 | n/a | 0.0% | |
| ALAMEDA MORTGAGE CORPORATION | $525,000 | n/a | 0.0% | |
| The Huntington National Bank | $3,330,000 | $525,000 | -84.2% | 0.0% |
| RESIDENTIAL BANCORP | $520,000 | n/a | 0.0% | |
| NUMERICA CREDIT UNION | $575,000 | $515,000 | -10.4% | 0.0% |
| Fidelity Bank | $485,000 | n/a | 0.0% | |
| Ally Bank | $5,030,000 | $475,000 | -90.6% | 0.0% |
| KINECTA | $215,000 | $475,000 | 120.9% | 0.0% |
| SUN WEST MORTGAGE COMPANY, INC. | $465,000 | $475,000 | 2.2% | 0.0% |
| LENDSURE MORTGAGE CORP. | $465,000 | n/a | 0.0% | |
| Zions Bank | $3,425,000 | $465,000 | -86.4% | 0.0% |
| City National Bank | $3,745,000 | $455,000 | -87.9% | 0.0% |
| Commerce Home Mortgage, Inc. | $1,580,000 | $455,000 | -71.2% | 0.0% |
| Stifel Bank and Trust | $1,180,000 | $455,000 | -61.4% | 0.0% |
| AmeriHome Mortgage Company, LLC | $445,000 | n/a | 0.0% | |
| Bank of England | $155,000 | $445,000 | 187.1% | 0.0% |
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $2,900,000 | $435,000 | -85.0% | 0.0% |
| OPEN MORTGAGE, LLC | $1,635,000 | $435,000 | -73.4% | 0.0% |
| STAR ONE CREDIT UNION | $255,000 | $425,000 | 66.7% | 0.0% |
| UBS Bank USA | $7,220,000 | $415,000 | -94.3% | 0.0% |
| AXIA FINANCIAL, LLC | $640,000 | $405,000 | -36.7% | 0.0% |
| O BEE | $945,000 | $400,000 | -57.7% | 0.0% |
| BKCO MORTGAGE, LLC | $15,565,000 | $395,000 | -97.5% | 0.0% |
| GTE Federal Credit Union | $380,000 | n/a | 0.0% | |
| Access Bank | $375,000 | n/a | 0.0% | |
| MORIA DEVELOPMENT, INC. | $355,000 | n/a | 0.0% | |
| DIRECTORS MORTGAGE, INC. | $520,000 | $345,000 | -33.7% | 0.0% |
| GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION | $455,000 | $345,000 | -24.2% | 0.0% |
| Bank-Fund Staff Federal Credit Union | $335,000 | n/a | 0.0% | |
| Lakeview Community Capital, LLC | $45,000 | $335,000 | 644.4% | 0.0% |
| AMERICAN FINANCING CORPORATION | $720,000 | $325,000 | -54.9% | 0.0% |
| GEORGIA'S OWN | $675,000 | $315,000 | -53.3% | 0.0% |
| HighTechLending Inc | $1,845,000 | $315,000 | -82.9% | 0.0% |
| LADERA LENDING, INC. | $1,620,000 | $315,000 | -80.6% | 0.0% |
| BECKAM FUNDING CORP. | $305,000 | n/a | 0.0% | |
| M&T Bank | $1,130,000 | $305,000 | -73.0% | 0.0% |
| Origin Bank | $305,000 | n/a | 0.0% | |
| PHH Mortgage Corporation | $1,310,000 | $305,000 | -76.7% | 0.0% |
| Servion, Inc. | $345,000 | $295,000 | -14.5% | 0.0% |
| Southwest Airlines Federal Credit Union | $285,000 | n/a | 0.0% | |
| Carrington Mortgage Services, LLC | $1,350,000 | $275,000 | -79.6% | 0.0% |
| NOVA FINANCIAL & INVESTMENT CORPORATION | $265,000 | n/a | 0.0% | |
| Directions Credit Union, Inc. | $255,000 | n/a | 0.0% | |
| SOUND | $7,155,000 | $250,000 | -96.5% | 0.0% |
| Potlatch No. 1 Financial Credit Union | $2,900,000 | $245,000 | -91.6% | 0.0% |
| Raymond James Bank | $235,000 | n/a | 0.0% | |
| Bank of Hope | $515,000 | $205,000 | -60.2% | 0.0% |
| CHURCHILL MORTGAGE CORPORATION | $760,000 | $205,000 | -73.0% | 0.0% |
| LAKEVIEW LOAN SERVICING, LLC | $2,345,000 | $205,000 | -91.3% | 0.0% |
| SPOKANE TEACHERS | $1,415,000 | $205,000 | -85.5% | 0.0% |
| NorthWest Plus Credit Union | $215,000 | $185,000 | -14.0% | 0.0% |
| RED CANOE CREDIT UNION | $290,000 | $180,000 | -37.9% | 0.0% |
| Barrington Bank & Trust Company, N.A. | $315,000 | $155,000 | -50.8% | 0.0% |
| Equity Prime Mortgage LLC | $155,000 | n/a | 0.0% | |
| Hometown Equity Mortgage, LLC | $155,000 | n/a | 0.0% | |
| iQ Credit Union | $155,000 | n/a | 0.0% | |
| UNIVERSITY CREDIT UNION | $590,000 | $135,000 | -77.1% | 0.0% |
| ON Q FINANCIAL, INC. | $535,000 | $125,000 | -76.6% | 0.0% |
| Qualstar Credit Union | $1,025,000 | $125,000 | -87.8% | 0.0% |
| CANVAS CREDIT UNION | $445,000 | $105,000 | -76.4% | 0.0% |
| HOMESIDE FINANCIAL, LLC | $1,235,000 | $105,000 | -91.5% | 0.0% |
| SALAL | $945,000 | $105,000 | -88.9% | 0.0% |
| State Department Federal Credit Union | $545,000 | $75,000 | -86.2% | 0.0% |
| WINGS FINANCIAL | $605,000 | $75,000 | -87.6% | 0.0% |
| AMERICAN INTERNET MORTGAGE, INC. | $415,000 | $65,000 | -84.3% | 0.0% |
| MOUNTAINCREST CREDIT UNION | $65,000 | n/a | 0.0% | |
| PLANET HOME LENDING, LLC | $1,765,000 | $65,000 | -96.3% | 0.0% |
| IDAHO CENTRAL | $730,000 | $55,000 | -92.5% | 0.0% |
| KITSAP Credit Union | $285,000 | $35,000 | -87.7% | 0.0% |
| VERITY | $983,025,000 | $25,000 | -100.0% | 0.0% |
BELLINGHAM's top lender by overall market share is WHATCOM EDUCATIONAL CREDIT UNION, with 9.9% market share. In second place, with 9.1%, is EVERGREEN MONEYSOURCE MORTGAGE COMPANY, having originated $127,910,000 in loans. In third place, with 7.1%, is Peoples Bank, having originated $100,690,000 in loans. In fourth place, with 6.4%, is MOVEMENT MORTGAGE, LLC, having originated $90,960,000 in loans. In fifth place, with 6.2%, is Boeing Employees Credit Union, having originated $87,155,000 in loans.
BELLINGHAM, WA Average Rent (2023)
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| Zip Code | Metro | Studio Apartment Rent | 1BR Apartment Rent | 2BR Apartment Rent | 3BR Apartment Rent | 4BR Apartment Rent |
|---|---|---|---|---|---|---|
| 98220 | Bellingham, WA MSA | $960 | $1,060 | $1,320 | $1,870 | $2,210 |
| 98225 | Bellingham, WA MSA | $1,070 | $1,140 | $1,400 | $1,990 | $2,380 |
| 98226 | Bellingham, WA MSA | $1,040 | $1,110 | $1,360 | $1,930 | $2,320 |
| 98227 | Bellingham, WA MSA | $1,040 | $1,110 | $1,360 | $1,930 | $2,320 |
| 98228 | Bellingham, WA MSA | $1,040 | $1,110 | $1,360 | $1,930 | $2,320 |
| 98229 | Bellingham, WA MSA | $1,070 | $1,140 | $1,400 | $1,990 | $2,380 |
| 98230 | Bellingham, WA MSA | $1,060 | $1,120 | $1,380 | $1,960 | $2,350 |
| 98231 | Bellingham, WA MSA | $1,040 | $1,110 | $1,360 | $1,930 | $2,320 |
| 98237 | Bellingham, WA MSA | $940 | $1,110 | $1,400 | $1,990 | $2,310 |
| 98240 | Bellingham, WA MSA | $1,090 | $1,150 | $1,420 | $2,020 | $2,420 |
| 98244 | Bellingham, WA MSA | $900 | $950 | $1,170 | $1,660 | $1,990 |
| 98247 | Bellingham, WA MSA | $1,040 | $1,110 | $1,360 | $1,930 | $2,320 |
| 98248 | Bellingham, WA MSA | $970 | $1,020 | $1,260 | $1,790 | $2,150 |
| 98262 | Bellingham, WA MSA | $1,040 | $1,110 | $1,360 | $1,930 | $2,320 |
| 98264 | Bellingham, WA MSA | $1,140 | $1,200 | $1,480 | $2,100 | $2,520 |
| 98266 | Bellingham, WA MSA | $940 | $990 | $1,220 | $1,730 | $2,080 |
| 98276 | Bellingham, WA MSA | $1,010 | $1,070 | $1,320 | $1,880 | $2,250 |
| 98281 | Bellingham, WA MSA | $910 | $970 | $1,190 | $1,690 | $2,030 |
| 98283 | Bellingham, WA MSA | $940 | $1,110 | $1,400 | $1,990 | $2,310 |
| 98284 | Bellingham, WA MSA | $1,020 | $1,190 | $1,500 | $2,130 | $2,480 |
| 98295 | Bellingham, WA MSA | $840 | $900 | $1,130 | $1,610 | $1,940 |
| 98862 | Bellingham, WA MSA | $840 | $900 | $1,130 | $1,610 | $1,940 |
2022 Average & Median Rent Data Statistics
BELLINGHAM, WA average 1BR rent: $1,076, median: $1,110
BELLINGHAM, WA average 2BR rent: $1,331, median: $1,360
BELLINGHAM, WA average 3BR rent: $1,890, median: $1,930
BELLINGHAM, WA Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 2,274 | $1,096,010,000 | $481,974 |
| Home Improvement | 660 | $75,440,000 | $114,303 |
| Other | 413 | $61,945,000 | $149,988 |
| Cash Out Refi | 367 | $98,455,000 | $268,270 |
| Refi | 223 | $79,835,000 | $358,004 |
Bellingham's most frequently cited loan purpose was Home Purchase, with 2,274 originations. The 2nd most popular reason was Home Improvement, with 660 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 1,278 | $566,190,000 | $443,028 |
| 7-8% | 962 | $327,970,000 | $340,925 |
| Over 8% | 915 | $140,645,000 | $153,710 |
| 5-6% | 475 | $278,905,000 | $587,168 |
| 4-5% | 101 | $42,845,000 | $424,208 |
| <2.5% | 53 | $1,605,000 | $30,283 |
| 3-4% | 8 | $7,470,000 | $933,750 |
| 2.5-3% | 2 | $680,000 | $340,000 |
During 2023, Bellingham's most frequently originated rate bucket was 6-7%, with 1,278 originations.
Loan Sizing (BELLINGHAM, WA MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 1,099 | $330,565,000 | $300,787 |
| $400k-600k | 970 | $467,430,000 | $481,887 |
| $100,000 or less | 787 | $43,155,000 | $54,835 |
| $100k-200k | 581 | $79,975,000 | $137,651 |
| $600k-1000k | 402 | $288,210,000 | $716,940 |
| $Over $1MM | 98 | $202,350,000 | $2,064,796 |
BELLINGHAM's loan sizing saw the bucket of loans from $200k-400k with 1,099 originations, totaling $330,565,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 1,003 | $503,115,000 | $501,610 |
| Under 20% | 1,003 | $78,775,000 | $78,539 |
| 60-80% | 847 | $436,325,000 | $515,142 |
| 20-40% | 484 | $102,580,000 | $211,942 |
| 40-60% | 423 | $227,295,000 | $537,340 |
| Over 100% | 32 | $17,030,000 | $532,188 |
BELLINGHAM's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 1,003 originations, totaling $503,115,000 in origination value.