KENNEWICK - RICHLAND Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Kennewick - Richland averaged
6.69%
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
6.72% and
one month ago for the week of 2024-10-03, the
average rate was 5.92%.
Kennewick - Richland's average rate one year ago was 7.86%.
For refis of the same type during the week of 2024-11-07, the average rate
was 7.1%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2024-11-07 | 6.79% |
| Kennewick - Richland 30 Year Fixed Rate | 2024-11-07 | 6.69% |
| Kennewick - Richland 30 Year Fixed Rate Refi | 2024-11-07 | 7.1% |
| Kennewick - Richland 15 Year Fixed Rate | 2024-11-07 | 5.8% |
| Kennewick - Richland 15 Year Fixed Rate Refi | 2024-11-07 | 6.4% |
| Kennewick - Richland 30 Year FHA | 2024-11-07 | 6.44% |
| Kennewick - Richland 30 Year FHA Refi | 2024-11-07 | 6.63% |
| Kennewick - Richland 30 Year USDA | 2024-11-07 | 6.38% |
| Kennewick - Richland 30 Year USDA Refi | 2024-11-07 | 6.68% |
| Kennewick - Richland 30 Year VA | 2024-11-07 | 6.06% |
| Kennewick - Richland 30 Year VA Refi | 2024-11-07 | 6.44% |
KENNEWICK - RICHLAND 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 KENNEWICK-RICHLAND, 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.).
KENNEWICK - RICHLAND Average Closing Costs & Other Stats
KENNEWICK-RICHLAND, WA's 164 lenders originated 5,715
loans during 2023. The total origination value was $1,633,745,000, with an average loan value of
$285,870.
KENNEWICK - RICHLAND's average closing costs are $6,077.
The top KENNEWICK - RICHLAND lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with
306 loans originated. Their average total fees are
$8,805, which is $476
higher than the next largest lender,
CMG MORTGAGE, INC..
The lowest fee KENNEWICK - RICHLAND lenders (with over 10 loans originated) are
Wells Fargo Bank ($4,172), U.S. Bank ($4,464), Yakima Federal Savings and Loan Association ($5,196), Bank of America ($5,848) and LPMC, LLC ($6,079).
The lowest rate KENNEWICK - RICHLAND lenders (with over 10 loans originated) are
Yakima Federal Savings and Loan Association (5.75%), HOMEBRIDGE FINANCIAL SERVICES, INC. (6.20%), HOMESIDE FINANCIAL, LLC (6.23%), ENVOY MORTGAGE, LTD (6.31%) and Umpqua Bank (6.33%).
KENNEWICK-RICHLAND, 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 |
|---|---|---|---|---|
| UNITED WHOLESALE MORTGAGE, LLC | $178,270,000 | $177,440,000 | -0.5% | 10.9% |
| CMG MORTGAGE, INC. | $16,840,000 | $107,545,000 | 538.6% | 6.6% |
| GESA | $239,480,000 | $97,155,000 | -59.4% | 5.9% |
| QUICKEN LOANS, LLC | $128,320,000 | $80,590,000 | -37.2% | 4.9% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $39,570,000 | $66,805,000 | 68.8% | 4.1% |
| SUMMIT FUNDING, INC. | $82,440,000 | $60,670,000 | -26.4% | 3.7% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $72,335,000 | $58,250,000 | -19.5% | 3.6% |
| HAPO COMMUNITY CREDIT UNION | $86,785,000 | $51,870,000 | -40.2% | 3.2% |
| 1st Security Bank of Washington | $96,050,000 | $47,730,000 | -50.3% | 2.9% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $213,255,000 | $45,825,000 | -78.5% | 2.8% |
| NUMERICA CREDIT UNION | $86,650,000 | $41,485,000 | -52.1% | 2.5% |
| Boeing Employees Credit Union | $9,380,000 | $38,415,000 | 309.5% | 2.4% |
| Banner Bank | $45,820,000 | $34,260,000 | -25.2% | 2.1% |
| Umpqua Bank | $156,380,000 | $32,110,000 | -79.5% | 2.0% |
| Yakima Federal Savings and Loan Association | $48,840,000 | $29,175,000 | -40.3% | 1.8% |
| CHURCHILL MORTGAGE CORPORATION | $48,840,000 | $28,855,000 | -40.9% | 1.8% |
| SPOKANE TEACHERS | $60,970,000 | $28,765,000 | -52.8% | 1.8% |
| ENVOY MORTGAGE, LTD | $96,500,000 | $28,545,000 | -70.4% | 1.7% |
| MOVEMENT MORTGAGE, LLC | $7,970,000 | $28,520,000 | 257.8% | 1.7% |
| Community First Bank | $23,160,000 | $25,225,000 | 8.9% | 1.5% |
| CARDINAL FINANCIAL | $9,260,000 | $24,665,000 | 166.4% | 1.5% |
| Flagstar Bank, FSB | $42,585,000 | $22,325,000 | -47.6% | 1.4% |
| EVERGREEN MONEYSOURCE MORTGAGE COMPANY | $37,345,000 | $21,675,000 | -42.0% | 1.3% |
| Mortgage Research Center, LLC | $23,895,000 | $20,180,000 | -15.5% | 1.2% |
| LOANDEPOT.COM, LLC | $29,630,000 | $20,020,000 | -32.4% | 1.2% |
| JPMorgan Chase Bank | $28,335,000 | $16,080,000 | -43.3% | 1.0% |
| U.S. Bank | $22,630,000 | $14,435,000 | -36.2% | 0.9% |
| Cornerstone First Mortgage, Inc | $13,525,000 | n/a | 0.8% | |
| NAVY FEDERAL CREDIT UNION | $18,120,000 | $13,265,000 | -26.8% | 0.8% |
| BROKER SOLUTIONS, INC. | $8,695,000 | $11,205,000 | 28.9% | 0.7% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $14,955,000 | $10,880,000 | -27.2% | 0.7% |
| Bank of America | $14,445,000 | $10,600,000 | -26.6% | 0.6% |
| GUILD MORTGAGE COMPANY | $13,655,000 | $10,045,000 | -26.4% | 0.6% |
| Wheatland Bank | $1,885,000 | $9,315,000 | 394.2% | 0.6% |
| Wells Fargo Bank | $31,950,000 | $9,070,000 | -71.6% | 0.6% |
| DHI MORTGAGE COMPANY, LTD. | $7,995,000 | n/a | 0.5% | |
| HOMESIDE FINANCIAL, LLC | $40,555,000 | $7,935,000 | -80.4% | 0.5% |
| Washington Trust Bank | $17,510,000 | $7,905,000 | -54.9% | 0.5% |
| Mr. Cooper ( Nationstar Mortgage ) | $21,535,000 | $7,040,000 | -67.3% | 0.4% |
| PENNYMAC LOAN SERVICES, LLC | $31,080,000 | $6,675,000 | -78.5% | 0.4% |
| NEWREZ LLC | $6,950,000 | $6,670,000 | -4.0% | 0.4% |
| KeyBank | $22,380,000 | $6,550,000 | -70.7% | 0.4% |
| CROSSCOUNTRY MORTGAGE, LLC | $10,040,000 | $6,075,000 | -39.5% | 0.4% |
| LPMC, LLC | $8,520,000 | $5,670,000 | -33.5% | 0.3% |
| GUARANTEED RATE, INC. | $825,000 | $5,620,000 | 581.2% | 0.3% |
| ACADEMY MORTGAGE CORPORATION | $20,850,000 | $5,050,000 | -75.8% | 0.3% |
| PacWest Funding Inc. | $4,795,000 | n/a | 0.3% | |
| FREEDOM MORTGAGE CORPORATION | $21,820,000 | $4,600,000 | -78.9% | 0.3% |
| LIMA ONE CAPITAL, LLC | $3,345,000 | $4,240,000 | 26.8% | 0.3% |
| Citadel Servicing Corporation | $4,220,000 | $4,010,000 | -5.0% | 0.2% |
| USAA Federal Savings Bank | $6,550,000 | $3,940,000 | -39.8% | 0.2% |
| AMERISAVE MORTGAGE CORPORATION | $11,090,000 | $3,920,000 | -64.7% | 0.2% |
| The Huntington National Bank | $3,660,000 | n/a | 0.2% | |
| PROVIDENT FUNDING ASSOCIATES, L.P. | $6,775,000 | $3,500,000 | -48.3% | 0.2% |
| Discover Bank | $1,070,000 | $3,495,000 | 226.6% | 0.2% |
| CORNERSTONE HOME LENDING, INC. | $4,270,000 | $3,395,000 | -20.5% | 0.2% |
| GENEVA FINANCIAL, LLC | $520,000 | $3,385,000 | 551.0% | 0.2% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $5,310,000 | $3,185,000 | -40.0% | 0.2% |
| The Federal Savings Bank | $4,955,000 | $3,105,000 | -37.3% | 0.2% |
| Mechanics Bank | $3,035,000 | n/a | 0.2% | |
| Alaska USA Federal Credit Union | $3,915,000 | $2,870,000 | -26.7% | 0.2% |
| FINANCE OF AMERICA REVERSE LLC | $1,680,000 | $2,870,000 | 70.8% | 0.2% |
| American Mortgage & Equity Consultants, Inc. | $2,850,000 | n/a | 0.2% | |
| Seattle Metropolitan Credit Union | $1,290,000 | $2,820,000 | 118.6% | 0.2% |
| BMO Harris Bank | $1,010,000 | $2,795,000 | 176.7% | 0.2% |
| Figure Lending LLC | $2,875,000 | $2,730,000 | -5.0% | 0.2% |
| Sunflower Bank | $4,930,000 | $2,645,000 | -46.3% | 0.2% |
| LAND HOME FINANCIAL SERVICES, INC. | $5,965,000 | $2,545,000 | -57.3% | 0.2% |
| SIRVA MORTGAGE, INC. | $3,035,000 | $2,445,000 | -19.4% | 0.1% |
| IDAHO CENTRAL | $780,000 | $2,430,000 | 211.5% | 0.1% |
| Paramount Residential Mortgage Group, Inc. | $1,910,000 | $2,270,000 | 18.8% | 0.1% |
| MEMBER FIRST MORTGAGE, LLC | $1,145,000 | $2,200,000 | 92.1% | 0.1% |
| PREMIER MORTGAGE RESOURCES, L.L.C. | $2,675,000 | $2,160,000 | -19.3% | 0.1% |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $1,515,000 | $2,140,000 | 41.3% | 0.1% |
| Self-Help Federal Credit Union | $1,525,000 | $2,140,000 | 40.3% | 0.1% |
| PLANET HOME LENDING, LLC | $1,010,000 | $2,065,000 | 104.5% | 0.1% |
| NEW DAY FINANCIAL, LLC | $4,700,000 | $2,000,000 | -57.4% | 0.1% |
| Northwest Farm Credit Services, FLCA | $4,080,000 | $1,985,000 | -51.3% | 0.1% |
| BETTER MORTGAGE CORPORATION | $9,975,000 | $1,965,000 | -80.3% | 0.1% |
| TRIAD FINANCIAL SERVICES, INC. | $2,650,000 | $1,950,000 | -26.4% | 0.1% |
| BAY EQUITY LLC | $770,000 | $1,945,000 | 152.6% | 0.1% |
| Equity Prime Mortgage LLC | $1,890,000 | n/a | 0.1% | |
| FIRST TECHNOLOGY | $1,110,000 | $1,835,000 | 65.3% | 0.1% |
| Carrington Mortgage Services, LLC | $5,790,000 | $1,825,000 | -68.5% | 0.1% |
| Plains Commerce Bank | $1,765,000 | n/a | 0.1% | |
| HSBC BANK USA, NATIONAL ASSOCIATION | $465,000 | $1,700,000 | 265.6% | 0.1% |
| LOANPAL, LLC | $855,000 | $1,680,000 | 96.5% | 0.1% |
| Third Federal Savings and Loan Association of Cleveland | $1,390,000 | $1,670,000 | 20.1% | 0.1% |
| General Mortgage Capital Corporation | $1,640,000 | n/a | 0.1% | |
| SAMMAMISH MORTGAGE COMPANY | $1,800,000 | $1,620,000 | -10.0% | 0.1% |
| Potlatch No. 1 Financial Credit Union | $760,000 | $1,585,000 | 108.6% | 0.1% |
| NATIONS DIRECT MORTGAGE, LLC | $1,195,000 | $1,450,000 | 21.3% | 0.1% |
| NBKC BANK | $4,975,000 | $1,450,000 | -70.9% | 0.1% |
| PENTAGON FEDERAL CREDIT UNION | $3,505,000 | $1,415,000 | -59.6% | 0.1% |
| WASHINGTON STATE EMPLOYEES Credit Union | $16,725,000 | $1,375,000 | -91.8% | 0.1% |
| MICHIGAN MUTUAL, INC. | $1,275,000 | $1,340,000 | 5.1% | 0.1% |
| PLAZA HOME MORTGAGE, INC. | $1,335,000 | n/a | 0.1% | |
| HIGHLANDS RESIDENTIAL MORTGAGE, LTD. | $945,000 | $1,315,000 | 39.2% | 0.1% |
| AMERICAN FINANCING CORPORATION | $4,770,000 | $1,305,000 | -72.6% | 0.1% |
| ON Q FINANCIAL, INC. | $1,300,000 | n/a | 0.1% | |
| ZILLOW HOME LOANS, LLC | $405,000 | $1,285,000 | 217.3% | 0.1% |
| Loan Simple, Inc. | $1,260,000 | $1,265,000 | 0.4% | 0.1% |
| AMERICAN FINANCIAL NETWORK, INC. | $1,240,000 | n/a | 0.1% | |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $1,500,000 | $1,240,000 | -17.3% | 0.1% |
| CHERRY CREEK MORTGAGE, LLC | $12,500,000 | $1,210,000 | -90.3% | 0.1% |
| SPRING EQ, LLC | $1,565,000 | $1,205,000 | -23.0% | 0.1% |
| HomeStreet Bank | $6,855,000 | $1,185,000 | -82.7% | 0.1% |
| OCMBC, INC. | $1,180,000 | n/a | 0.1% | |
| MOUNTAIN AMERICA | $3,065,000 | $1,175,000 | -61.7% | 0.1% |
| CREDIT HUMAN FEDERAL CREDIT UNION | $295,000 | $1,165,000 | 294.9% | 0.1% |
| Northpointe Bank | $2,995,000 | $1,155,000 | -61.4% | 0.1% |
| TOP FLITE FINANCIAL, INC. | $1,325,000 | $1,130,000 | -14.7% | 0.1% |
| Century Mortgage Company DBA Century Lending Company | $295,000 | $1,085,000 | 267.8% | 0.1% |
| Nations Lending Corporation | $1,920,000 | $1,085,000 | -43.5% | 0.1% |
| 21ST MORTGAGE CORPORATION | $1,455,000 | $1,080,000 | -25.8% | 0.1% |
| HOMEXPRESS MORTGAGE CORP. | $670,000 | $1,080,000 | 61.2% | 0.1% |
| S1L, Inc. | $8,180,000 | $1,065,000 | -87.0% | 0.1% |
| VILLAGE CAPITAL MORTGAGE | $1,255,000 | $1,065,000 | -15.1% | 0.1% |
| Logan Finance Corporation | $1,050,000 | n/a | 0.1% | |
| OnPoint Community Credit Union | $1,805,000 | $1,050,000 | -41.8% | 0.1% |
| Commerce Home Mortgage, Inc. | $580,000 | $1,020,000 | 75.9% | 0.1% |
| GUARANTEED RATE AFFINITY, LLC | $1,910,000 | $980,000 | -48.7% | 0.1% |
| Sierra Pacific Mortgage Company, Inc. | $1,300,000 | $960,000 | -26.2% | 0.1% |
| LAKEVIEW LOAN SERVICING, LLC | $11,650,000 | $935,000 | -92.0% | 0.1% |
| DIAMOND RESIDENTIAL MORTGAGE CORPORATION | $920,000 | n/a | 0.1% | |
| NFM, INC. | $1,815,000 | $915,000 | -49.6% | 0.1% |
| VELOCITY COMMERCIAL CAPITAL, LLC | $910,000 | n/a | 0.1% | |
| Citibank | $85,000 | $875,000 | 929.4% | 0.1% |
| PNC Bank | $16,695,000 | $860,000 | -94.8% | 0.1% |
| iQ Credit Union | $4,340,000 | $855,000 | -80.3% | 0.1% |
| PREMIA MORTGAGE, LLC | $1,550,000 | $850,000 | -45.2% | 0.1% |
| DAS Acquisition Company, LLC | $840,000 | n/a | 0.1% | |
| Willamette Valley Bank | $2,045,000 | $840,000 | -58.9% | 0.1% |
| ALLIANT CREDIT UNION | $375,000 | $830,000 | 121.3% | 0.1% |
| HomeTrust Bank | $810,000 | n/a | 0.0% | |
| Barrington Bank & Trust Company, N.A. | $715,000 | $790,000 | 10.5% | 0.0% |
| GUIDANCE RESIDENTIAL, LLC | $790,000 | n/a | 0.0% | |
| Heritage Bank | $785,000 | n/a | 0.0% | |
| A&D Mortgage LLC | $775,000 | n/a | 0.0% | |
| T2 FINANCIAL LLC | $750,000 | n/a | 0.0% | |
| Qualstar Credit Union | $195,000 | $735,000 | 276.9% | 0.0% |
| Summit Mortgage Corporation | $1,255,000 | $720,000 | -42.6% | 0.0% |
| GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION | $710,000 | n/a | 0.0% | |
| The Loan Store, Inc. | $710,000 | n/a | 0.0% | |
| First National Bank of America | $1,845,000 | $705,000 | -61.8% | 0.0% |
| Lakeview Community Capital, LLC | $3,655,000 | $700,000 | -80.8% | 0.0% |
| MID AMERICA MORTGAGE, INC. | $410,000 | $695,000 | 69.5% | 0.0% |
| Washington Federal Bank | $14,400,000 | $690,000 | -95.2% | 0.0% |
| Ixonia Bank | $375,000 | $685,000 | 82.7% | 0.0% |
| CALCON MUTUAL MORTGAGE LLC | $285,000 | $680,000 | 138.6% | 0.0% |
| Strong Home Mortgage, LLC | $3,465,000 | $665,000 | -80.8% | 0.0% |
| Truist | $640,000 | n/a | 0.0% | |
| Morgan Stanley Private Bank | $2,675,000 | $620,000 | -76.8% | 0.0% |
| LENDINGONE, LLC | $1,010,000 | $600,000 | -40.6% | 0.0% |
| Hometown Equity Mortgage, LLC | $245,000 | $590,000 | 140.8% | 0.0% |
| MASON MCDUFFIE MORTGAGE CORPORATION | $425,000 | $585,000 | 37.6% | 0.0% |
| Evolve Bank & Trust | $285,000 | $565,000 | 98.2% | 0.0% |
| BAY-VALLEY MORTGAGE GROUP | $555,000 | n/a | 0.0% | |
| Watermark Capital, Inc. | $155,000 | $555,000 | 258.1% | 0.0% |
| AMWEST FUNDING CORP. | $545,000 | n/a | 0.0% | |
| Ameris Bank | $535,000 | n/a | 0.0% | |
| Avista Corporation Credit Union | $185,000 | $525,000 | 183.8% | 0.0% |
| Coastal Community Bank | $525,000 | n/a | 0.0% | |
| NP, Inc. | $875,000 | $525,000 | -40.0% | 0.0% |
| O BEE | $265,000 | $525,000 | 98.1% | 0.0% |
| SUN WEST MORTGAGE COMPANY, INC. | $3,500,000 | $510,000 | -85.4% | 0.0% |
| MANN FINANCIAL INC. | $805,000 | $505,000 | -37.3% | 0.0% |
| CIVIC FINANCIAL SERVICES, LLC | $490,000 | n/a | 0.0% | |
| AMERICAN INTERNET MORTGAGE, INC. | $255,000 | $485,000 | 90.2% | 0.0% |
| V.I.P. MORTGAGE, INC. | $1,075,000 | $485,000 | -54.9% | 0.0% |
| FINANCE OF AMERICA MORTGAGE LLC | $21,175,000 | $480,000 | -97.7% | 0.0% |
| NEXERA HOLDING LLC | $1,030,000 | $480,000 | -53.4% | 0.0% |
| Goldwater Bank, N.A. | $465,000 | n/a | 0.0% | |
| AXIA FINANCIAL, LLC | $935,000 | $460,000 | -50.8% | 0.0% |
| EMM LOANS LLC | $600,000 | $440,000 | -26.7% | 0.0% |
| Ally Bank | $245,000 | $435,000 | 77.6% | 0.0% |
| TEMPLE VIEW CAPITAL FUNDING, LP | $365,000 | $420,000 | 15.1% | 0.0% |
| Axos Bank | $415,000 | n/a | 0.0% | |
| Citizens Bank | $355,000 | $415,000 | 16.9% | 0.0% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $415,000 | n/a | 0.0% | |
| EagleBank | $405,000 | n/a | 0.0% | |
| LEADERONE FINANCIAL CORPORATION | $580,000 | $405,000 | -30.2% | 0.0% |
| Deere Employees Credit Union | $565,000 | $390,000 | -31.0% | 0.0% |
| MEGASTAR FINANCIAL CORP. | $385,000 | n/a | 0.0% | |
| COLUMBIA COMMUNITY CREDIT UNION | $55,000 | $375,000 | 581.8% | 0.0% |
| Glacier Bank | $1,305,000 | $375,000 | -71.3% | 0.0% |
| GUARANTY HOME MORTGAGE CORPORATION | $375,000 | n/a | 0.0% | |
| RESIDENTIAL MORTGAGE, LLC | $375,000 | n/a | 0.0% | |
| CANOPY MORTGAGE, LLC | $2,450,000 | $365,000 | -85.1% | 0.0% |
| Cashmere Valley Bank | $225,000 | $365,000 | 62.2% | 0.0% |
| WHATCOM EDUCATIONAL CREDIT UNION | $100,000 | $360,000 | 260.0% | 0.0% |
| BOKF | $355,000 | n/a | 0.0% | |
| First Western Trust Bank | $495,000 | $355,000 | -28.3% | 0.0% |
| CALIBER HOME LOANS, INC. | $37,355,000 | $335,000 | -99.1% | 0.0% |
| CANVAS CREDIT UNION | $335,000 | n/a | 0.0% | |
| FIRST COLONY MORTGAGE CORPORATION | $335,000 | n/a | 0.0% | |
| LENDSURE MORTGAGE CORP. | $335,000 | n/a | 0.0% | |
| NETWORK CAPITAL FUNDING CORPORATION | $2,495,000 | $335,000 | -86.6% | 0.0% |
| TOTAL MORTGAGE SERVICES, LLC | $335,000 | n/a | 0.0% | |
| LIBERTY HOME MORTGAGE CORPORATION | $305,000 | $325,000 | 6.6% | 0.0% |
| LONGBRIDGE FINANCIAL, LLC | $825,000 | $320,000 | -61.2% | 0.0% |
| Rivermark Community Credit Union | $320,000 | n/a | 0.0% | |
| ARC HOME LLC | $265,000 | $305,000 | 15.1% | 0.0% |
| Bank of the Pacific | $1,790,000 | $305,000 | -83.0% | 0.0% |
| Prosperity Home Mortgage, LLC | $385,000 | $305,000 | -20.8% | 0.0% |
| SOUND | $265,000 | $305,000 | 15.1% | 0.0% |
| PHH Mortgage Corporation | $3,475,000 | $300,000 | -91.4% | 0.0% |
| First Interstate Bank | $1,270,000 | $295,000 | -76.8% | 0.0% |
| RANLIFE, INC. | $310,000 | $295,000 | -4.8% | 0.0% |
| Raymond James Bank | $295,000 | n/a | 0.0% | |
| PENRITH HOME LOANS LLC | $1,055,000 | $285,000 | -73.0% | 0.0% |
| Bank of Eastern Oregon | $280,000 | n/a | 0.0% | |
| Armed Forces Bank | $275,000 | n/a | 0.0% | |
| HOMEOWNERS FINANCIAL GROUP USA, LLC | $275,000 | n/a | 0.0% | |
| BEEHIVE | $265,000 | n/a | 0.0% | |
| LADERA LENDING, INC. | $2,015,000 | $265,000 | -86.8% | 0.0% |
| NuVision Federal Credit Union | $265,000 | n/a | 0.0% | |
| SUMMIT MORTGAGE CORPORATION | $265,000 | n/a | 0.0% | |
| UBS Bank USA | $2,760,000 | $265,000 | -90.4% | 0.0% |
| QUORUM FEDERAL CREDIT UNION | $280,000 | $255,000 | -8.9% | 0.0% |
| RF Renovo Management Company, LLC | $255,000 | n/a | 0.0% | |
| Stifel Bank and Trust | $255,000 | n/a | 0.0% | |
| WINGS FINANCIAL | $255,000 | n/a | 0.0% | |
| Eagle Bank and Trust Company | $245,000 | n/a | 0.0% | |
| VERITAS FUNDING, LLC | $940,000 | $245,000 | -73.9% | 0.0% |
| LENDINGHOME FUNDING CORPORATION | $1,975,000 | $235,000 | -88.1% | 0.0% |
| First Financial Northwest Bank | $225,000 | n/a | 0.0% | |
| ALL REVERSE MORTGAGE, INC. | $185,000 | $215,000 | 16.2% | 0.0% |
| First State Bank of St. Charles, Missouri | $215,000 | n/a | 0.0% | |
| Greenbox Loans, Inc. | $265,000 | $215,000 | -18.9% | 0.0% |
| Bethpage Federal Credit Union | $760,000 | $210,000 | -72.4% | 0.0% |
| GEORGIA'S OWN | $1,120,000 | $210,000 | -81.3% | 0.0% |
| RED CANOE CREDIT UNION | $195,000 | $205,000 | 5.1% | 0.0% |
| HORIZON | $270,000 | $195,000 | -27.8% | 0.0% |
| RBC Bank, (Georgia) | $375,000 | $195,000 | -48.0% | 0.0% |
| Bank of Idaho | $25,000 | $185,000 | 640.0% | 0.0% |
| UIF CORPORATION | $185,000 | n/a | 0.0% | |
| UNION HOME MORTGAGE CORP. | $660,000 | $180,000 | -72.7% | 0.0% |
| FIRST COMMUNITY | $165,000 | n/a | 0.0% | |
| AmeriHome Mortgage Company, LLC | $255,000 | $155,000 | -39.2% | 0.0% |
| Baker Boyer National Bank | $2,580,000 | $155,000 | -94.0% | 0.0% |
| Grand Bank for Savings, FSB | $145,000 | n/a | 0.0% | |
| CIS Financial Services, Inc. | $345,000 | $125,000 | -63.8% | 0.0% |
| Connexus Credit Union | $125,000 | n/a | 0.0% | |
| HARBORSTONE | $150,000 | $75,000 | -50.0% | 0.0% |
| KITSAP Credit Union | $75,000 | n/a | 0.0% | |
| RESIDENTIAL BANCORP | $1,745,000 | $75,000 | -95.7% | 0.0% |
| ROYAL UNITED MORTGAGE LLC | $195,000 | $65,000 | -66.7% | 0.0% |
| DIGITAL Federal Credit Union | $55,000 | n/a | 0.0% | |
| America's Credit Union | $6,285,000 | $45,000 | -99.3% | 0.0% |
| Baxter Credit Union | $25,000 | $45,000 | 80.0% | 0.0% |
| FIBRE FEDERAL CREDIT UNION | $210,000 | $45,000 | -78.6% | 0.0% |
| Utah Power | $35,000 | n/a | 0.0% |
KENNEWICK - RICHLAND's top lender by overall market share is UNITED WHOLESALE MORTGAGE, LLC, with 10.9% market share. In second place, with 6.6%, is CMG MORTGAGE, INC., having originated $107,545,000 in loans. In third place, with 5.9%, is GESA, having originated $97,155,000 in loans. In fourth place, with 4.9%, is QUICKEN LOANS, LLC, having originated $80,590,000 in loans. In fifth place, with 4.1%, is AMERICAN PACIFIC MORTGAGE CORPORATION, having originated $66,805,000 in loans.
KENNEWICK-RICHLAND, 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 |
|---|---|---|---|---|---|---|
| 98930 | Kennewick-Richland, WA MSA | $820 | $830 | $1,090 | $1,540 | $1,630 |
| 98944 | Kennewick-Richland, WA MSA | $830 | $840 | $1,100 | $1,560 | $1,640 |
| 99301 | Kennewick-Richland, WA MSA | $770 | $900 | $1,120 | $1,480 | $1,840 |
| 99302 | Kennewick-Richland, WA MSA | $780 | $920 | $1,140 | $1,510 | $1,870 |
| 99320 | Kennewick-Richland, WA MSA | $830 | $970 | $1,210 | $1,600 | $1,990 |
| 99326 | Kennewick-Richland, WA MSA | $720 | $850 | $1,060 | $1,400 | $1,740 |
| 99330 | Kennewick-Richland, WA MSA | $720 | $850 | $1,060 | $1,400 | $1,740 |
| 99335 | Kennewick-Richland, WA MSA | $640 | $770 | $960 | $1,290 | $1,620 |
| 99336 | Kennewick-Richland, WA MSA | $800 | $940 | $1,170 | $1,550 | $1,920 |
| 99337 | Kennewick-Richland, WA MSA | $920 | $1,080 | $1,340 | $1,770 | $2,200 |
| 99338 | Kennewick-Richland, WA MSA | $920 | $1,080 | $1,340 | $1,770 | $2,200 |
| 99343 | Kennewick-Richland, WA MSA | $640 | $770 | $960 | $1,290 | $1,620 |
| 99344 | Kennewick-Richland, WA MSA | $790 | $930 | $1,150 | $1,520 | $1,890 |
| 99345 | Kennewick-Richland, WA MSA | $700 | $820 | $1,020 | $1,350 | $1,680 |
| 99346 | Kennewick-Richland, WA MSA | $860 | $1,010 | $1,260 | $1,660 | $2,060 |
| 99350 | Kennewick-Richland, WA MSA | $700 | $810 | $1,010 | $1,350 | $1,660 |
| 99352 | Kennewick-Richland, WA MSA | $940 | $1,100 | $1,370 | $1,810 | $2,250 |
| 99353 | Kennewick-Richland, WA MSA | $1,110 | $1,310 | $1,630 | $2,160 | $2,680 |
| 99354 | Kennewick-Richland, WA MSA | $860 | $1,010 | $1,260 | $1,670 | $2,070 |
| 99359 | Kennewick-Richland, WA MSA | $780 | $920 | $1,140 | $1,510 | $1,870 |
| 99371 | Kennewick-Richland, WA MSA | $780 | $920 | $1,140 | $1,510 | $1,870 |
2022 Average & Median Rent Data Statistics
KENNEWICK-RICHLAND, WA average 1BR rent: $935, median: $920
KENNEWICK-RICHLAND, WA average 2BR rent: $1,168, median: $1,140
KENNEWICK-RICHLAND, WA average 3BR rent: $1,557, median: $1,520
KENNEWICK-RICHLAND, WA Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 3,315 | $1,228,155,000 | $370,484 |
| Home Improvement | 763 | $74,665,000 | $97,857 |
| Cash Out Refi | 757 | $194,475,000 | $256,902 |
| Other | 655 | $65,105,000 | $99,397 |
| Refi | 225 | $71,345,000 | $317,089 |
Kennewick - Richland's most frequently cited loan purpose was Home Purchase, with 3,315 originations. The 2nd most popular reason was Home Improvement, with 763 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 1,878 | $656,720,000 | $349,691 |
| Over 8% | 1,429 | $187,815,000 | $131,431 |
| 7-8% | 1,176 | $385,900,000 | $328,146 |
| 5-6% | 834 | $339,390,000 | $406,942 |
| <2.5% | 137 | $3,835,000 | $27,993 |
| 4-5% | 82 | $22,430,000 | $273,537 |
| 3-4% | 7 | $2,925,000 | $417,857 |
| 2.5-3% | 1 | $125,000 | $125,000 |
During 2023, Kennewick - Richland's most frequently originated rate bucket was 6-7%, with 1,878 originations.
Loan Sizing (KENNEWICK-RICHLAND, WA MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 2,263 | $697,195,000 | $308,084 |
| $100,000 or less | 1,287 | $66,395,000 | $51,589 |
| $400k-600k | 1,030 | $485,780,000 | $471,631 |
| $100k-200k | 891 | $124,055,000 | $139,231 |
| $600k-1000k | 208 | $145,980,000 | $701,827 |
| $Over $1MM | 36 | $114,340,000 | $3,176,111 |
KENNEWICK - RICHLAND's loan sizing saw the bucket of loans from $200k-400k with 2,263 originations, totaling $697,195,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 2,143 | $843,645,000 | $393,675 |
| Under 20% | 1,142 | $66,320,000 | $58,074 |
| 60-80% | 953 | $368,915,000 | $387,109 |
| 20-40% | 750 | $129,270,000 | $172,360 |
| 40-60% | 492 | $151,710,000 | $308,354 |
| Over 100% | 75 | $38,375,000 | $511,667 |
KENNEWICK - RICHLAND's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 2,143 originations, totaling $843,645,000 in origination value.