Moses Lake Mortgage Rates & Closing Costs

30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

30 Year Fixed Rate mortgages in Moses Lake averaged 6.24% for the week of 2024-10-10, compared to the national average of 6.32% for the same period.

The average rate for the prior week (2024-10-03) was 6.04% and one month ago for the week of 2024-09-05, the average rate was 6.37%.

Moses Lake's average rate one year ago was 7.51%.

For refis of the same type during the week of 2024-10-10, the average rate was 6.92%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-10-10 6.32%
Moses Lake 30 Year Fixed Rate 2024-10-10 6.24%
Moses Lake 30 Year Fixed Rate Refi 2024-10-10 6.92%
Moses Lake 15 Year Fixed Rate 2024-10-10 5.61%
Moses Lake 15 Year Fixed Rate Refi 2024-10-10 6.01%
Moses Lake 30 Year FHA 2024-10-10 6.33%
Moses Lake 30 Year FHA Refi 2024-10-10 6.4%
Moses Lake 30 Year USDA 2024-10-10 6.08%
Moses Lake 30 Year USDA Refi 2024-10-10 6.28%
Moses Lake 30 Year VA 2024-10-10 5.54%
Moses Lake 30 Year VA Refi 2024-10-10 5.95%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Moses Lake, WA.

Moses Lake 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 Moses Lake, 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.).

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
GUILD MORTGAGE COMPANY 66 6.97% $9,465
QUICKEN LOANS, LLC 41 6.79% $6,933
MOVEMENT MORTGAGE, LLC 31 6.92% $9,768
CMG MORTGAGE, INC. 26 6.57% $9,660
GESA 24 6.57% $6,029
Wheatland Bank 23 6.50% $9,167
EVERGREEN MONEYSOURCE MORTGAGE COMPANY 20 7.00% $8,960
UNITED WHOLESALE MORTGAGE, LLC 20 6.32% $10,068
HORIZON 16 7.27% $5,704
U.S. Bank 15 6.64% $4,801
AMERICAN PACIFIC MORTGAGE CORPORATION 15 7.01% $9,884
Banner Bank 14 6.71% $7,944
Washington Trust Bank 12 6.81% $4,205
JPMorgan Chase Bank 9 6.64% $4,399
CARDINAL FINANCIAL 7 7.27% $13,360
Boeing Employees Credit Union 7 6.82% $7,010
SPOKANE TEACHERS 7 6.68% $6,565
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 7 7.07% $7,901
CHURCHILL MORTGAGE CORPORATION 6 6.96% $7,967
NEWREZ LLC 5 7.15% $6,206
PENNYMAC LOAN SERVICES, LLC 5 6.95% $6,676
Wells Fargo Bank 5 6.23% $3,125
HOMEBRIDGE FINANCIAL SERVICES, INC. 5 6.20% $9,328
PREMIER MORTGAGE RESOURCES, L.L.C. 5 7.00% $11,405
PRIMELENDING, A PLAINSCAPITAL COMPANY 4 6.69% $11,072
CROSSCOUNTRY MORTGAGE, LLC 4 7.01% $8,388
Northwest Farm Credit Services, FLCA 4 7.26% $8,488
ACADEMY MORTGAGE CORPORATION 4 7.06% $9,342
BROKER SOLUTIONS, INC. 3 7.08% $8,696
LOANDEPOT.COM, LLC 3 7.54% $6,233
IDAHO CENTRAL 3 7.13% $7,834
NFM, INC. 3 6.87% $7,130
KeyBank 3 8.44% $3,022
Alaska USA Federal Credit Union 3 6.50% $4,561
Washington Federal Bank 3 6.71% $12,516
Flagstar Bank, FSB 3 6.58% $5,920
HAPO COMMUNITY CREDIT UNION 3 6.25% $6,101
SIRVA MORTGAGE, INC. 3 6.17% $0
LAKEVIEW LOAN SERVICING, LLC 2 6.56% $9,437
American Mortgage & Equity Consultants, Inc. 2 7.44% $9,457
AMERISAVE MORTGAGE CORPORATION 2 6.44% $12,288
BAY EQUITY LLC 2 6.81% $9,416
CORNERSTONE HOME LENDING, INC. 2 7.00% $4,693
DAS Acquisition Company, LLC 2 7.31% $10,542
DIRECTORS MORTGAGE, INC. 2 7.58% $12,138
ENVOY MORTGAGE, LTD 2 6.94% $4,058
GUARANTEED RATE, INC. 2 6.05% $4,292
Heritage Bank 2 6.56% $4,530
HomeStreet Bank 2 7.00% $10,907
NAVY FEDERAL CREDIT UNION 2 6.19% $5,621
NexBank 2 7.56% $6,428
North American Savings Bank, F.S.B. 2 6.50% $4,722
PACIFIC RESIDENTIAL MORTGAGE, LLC 2 7.06% $8,386
SAMMAMISH MORTGAGE COMPANY 2 6.81% $2,576
Umpqua Bank 2 6.38% $9,140
USAA Federal Savings Bank 2 7.50% $3,841
Mortgage Research Center, LLC 1 6.75% $0
First National Bank of America 1 8.99% $9,195
Mr. Cooper ( Nationstar Mortgage ) 1 6.38% $9,425
MUTUAL OF OMAHA MORTGAGE, INC. 1 6.13% $9,136
Cashmere Valley Bank 1 7.50% $3,067
First Interstate Bank 1 6.13% $4,648
AMERICAN FINANCING CORPORATION 1 5.99% $10,672
Evolve Bank & Trust 1 6.24% $4,088
CANOPY 1 7.13% $4,389
Northpointe Bank 1 7.25% $5,293
EVERETT FINANCIAL, INC. 1 7.50% $6,842
ON Q FINANCIAL, INC. 1 7.00% $6,902
AXIA FINANCIAL, LLC 1 8.00% $3,797
Discover Bank 1 7.74% $0
PENRITH HOME LOANS LLC 1 7.38% $4,432
Peoples Bank 1 7.75% $9,890
PLANET HOME LENDING, LLC 1 6.63% $7,178
PREMIER LENDING, INC. 1 7.50% $6,449
CU HOME MORTGAGE SOLUTIONS, LLC 1 6.63% $3,812
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 6.75% $875
Cornerstone First Mortgage, Inc 1 6.99% $8,462
Prosperity Home Mortgage, LLC 1 7.13% $6,660
PROVIDENT FUNDING ASSOCIATES, L.P. 1 5.75% $6,106
Qualstar Credit Union 1 7.00% $3,389
CITY FIRST MORTGAGE SERVICES, L.L.C. 1 8.38% $1,611
RANLIFE, INC. 1 5.88% $7,554
RESIDENTIAL MORTGAGE, LLC 1 7.13% $7,023
S1L, Inc. 1 7.25% $5,909
ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 6.25% $8,098
Servion, Inc. 1 7.13% $100
Citizens Bank 1 6.75% $2,883
Citadel Servicing Corporation 1 9.38% $11,500
SUMMIT FUNDING, INC. 1 7.38% $10,369
Sunflower Bank 1 7.75% $7,902
The Federal Savings Bank 1 6.88% $21,357
The Huntington National Bank 1 6.13% $3,182
The Loan Store, Inc. 1 7.00% $11,182
UBS Bank USA 1 6.50% $4,142
UIF CORPORATION 1 7.88% $3,499
ARC HOME LLC 1 7.38% $5,395
Ixonia Bank 1 5.99% $5,772
HOMEXPRESS MORTGAGE CORP. 1 7.25% $13,076
GUARANTY HOME MORTGAGE CORPORATION 1 7.13% $2,775
FREEDOM MORTGAGE CORPORATION 1 6.38% $9,669
MANN FINANCIAL INC. 1 7.63% $5,361
MICHIGAN MUTUAL, INC. 1 5.99% $8,225
MLD MORTGAGE INC. 1 6.88% $11,473

Moses Lake Average Closing Costs & Other Stats

Moses Lake, WA's 103 lenders originated 1,571 loans during 2023. The total origination value was $414,425,000, with an average loan value of $263,797.

Moses Lake's average closing costs are $6,150.

The top Moses Lake lender as defined by loan originations is GUILD MORTGAGE COMPANY, with 66 loans originated. Their average total fees are $9,465, which is $2,531 higher than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Moses Lake lenders (with over 10 loans originated) are Washington Trust Bank ($4,205), U.S. Bank ($4,801), HORIZON ($5,704), GESA ($6,029) and QUICKEN LOANS, LLC ($6,933).

The lowest rate Moses Lake lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC (6.32%), Wheatland Bank (6.50%), CMG MORTGAGE, INC. (6.57%), GESA (6.57%) and U.S. Bank (6.64%).

Moses Lake, 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 $58,410,000 $44,725,000 -23.4% 10.8%
Banner Bank $19,970,000 $28,220,000 41.3% 6.8%
MOVEMENT MORTGAGE, LLC $31,885,000 $24,700,000 -22.5% 6.0%
QUICKEN LOANS, LLC $30,720,000 $22,445,000 -26.9% 5.4%
GESA $32,520,000 $21,205,000 -34.8% 5.1%
CMG MORTGAGE, INC. $2,240,000 $18,060,000 706.3% 4.4%
EVERGREEN MONEYSOURCE MORTGAGE COMPANY $20,365,000 $15,475,000 -24.0% 3.7%
Wheatland Bank $17,095,000 $14,915,000 -12.8% 3.6%
UNITED WHOLESALE MORTGAGE, LLC $17,280,000 $13,855,000 -19.8% 3.3%
Washington Trust Bank $28,820,000 $9,960,000 -65.4% 2.4%
HORIZON $13,480,000 $9,110,000 -32.4% 2.2%
Boeing Employees Credit Union $9,995,000 $8,390,000 -16.1% 2.0%
Umpqua Bank $26,090,000 $8,320,000 -68.1% 2.0%
AMERICAN PACIFIC MORTGAGE CORPORATION $4,810,000 $8,315,000 72.9% 2.0%
U.S. Bank $11,515,000 $8,140,000 -29.3% 2.0%
Washington Federal Bank $13,330,000 $6,265,000 -53.0% 1.5%
CARDINAL FINANCIAL $3,025,000 $6,190,000 104.6% 1.5%
Mortgage Research Center, LLC $7,085,000 $5,765,000 -18.6% 1.4%
WASHINGTON STATE EMPLOYEES Credit Union $2,305,000 $5,725,000 148.4% 1.4%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $7,800,000 $3,695,000 -52.6% 0.9%
CHURCHILL MORTGAGE CORPORATION $6,270,000 $3,560,000 -43.2% 0.9%
KeyBank $6,790,000 $3,475,000 -48.8% 0.8%
PENNYMAC LOAN SERVICES, LLC $5,555,000 $3,420,000 -38.4% 0.8%
JPMorgan Chase Bank $13,300,000 $3,255,000 -75.5% 0.8%
Wells Fargo Bank $6,910,000 $3,165,000 -54.2% 0.8%
NUMERICA CREDIT UNION $4,300,000 $3,115,000 -27.6% 0.8%
NEWREZ LLC $1,275,000 $3,095,000 142.7% 0.7%
HOMEBRIDGE FINANCIAL SERVICES, INC. $20,565,000 $3,020,000 -85.3% 0.7%
SPOKANE TEACHERS $8,140,000 $3,005,000 -63.1% 0.7%
NAVY FEDERAL CREDIT UNION $3,455,000 $2,990,000 -13.5% 0.7%
IDAHO CENTRAL $170,000 $2,830,000 1,564.7% 0.7%
Seattle Metropolitan Credit Union $2,755,000 n/a 0.7%
CROSSCOUNTRY MORTGAGE, LLC $4,960,000 $2,560,000 -48.4% 0.6%
Community First Bank $2,500,000 n/a 0.6%
PREMIER MORTGAGE RESOURCES, L.L.C. $1,770,000 $2,485,000 40.4% 0.6%
PRIMELENDING, A PLAINSCAPITAL COMPANY $4,200,000 $2,460,000 -41.4% 0.6%
Alaska USA Federal Credit Union $45,000 $2,440,000 5,322.2% 0.6%
American Mortgage & Equity Consultants, Inc. $2,435,000 n/a 0.6%
Citadel Servicing Corporation $665,000 $2,410,000 262.4% 0.6%
Northwest Farm Credit Services, FLCA $2,075,000 $2,125,000 2.4% 0.5%
SUMMIT FUNDING, INC. $2,500,000 $1,785,000 -28.6% 0.4%
FREEDOM MORTGAGE CORPORATION $5,590,000 $1,670,000 -70.1% 0.4%
GUARANTEED RATE, INC. $3,225,000 $1,615,000 -49.9% 0.4%
The Federal Savings Bank $2,290,000 $1,575,000 -31.2% 0.4%
LENDINGHOME FUNDING CORPORATION $1,615,000 $1,400,000 -13.3% 0.3%
NFM, INC. $2,825,000 $1,390,000 -50.8% 0.3%
PLANET HOME LENDING, LLC $705,000 $1,385,000 96.5% 0.3%
Peoples Bank $530,000 $1,350,000 154.7% 0.3%
Mr. Cooper ( Nationstar Mortgage ) $4,375,000 $1,305,000 -70.2% 0.3%
ACADEMY MORTGAGE CORPORATION $2,950,000 $1,295,000 -56.1% 0.3%
SIRVA MORTGAGE, INC. $760,000 $1,275,000 67.8% 0.3%
Flagstar Bank, FSB $3,535,000 $1,205,000 -65.9% 0.3%
Paramount Residential Mortgage Group, Inc. $2,190,000 $1,180,000 -46.1% 0.3%
DAS Acquisition Company, LLC $395,000 $1,135,000 187.3% 0.3%
CREDIT HUMAN FEDERAL CREDIT UNION $1,250,000 $1,125,000 -10.0% 0.3%
USAA Federal Savings Bank $1,090,000 $1,115,000 2.3% 0.3%
SAMMAMISH MORTGAGE COMPANY $1,090,000 n/a 0.3%
ENVOY MORTGAGE, LTD $16,170,000 $1,030,000 -93.6% 0.2%
Prosperity Home Mortgage, LLC $740,000 $1,020,000 37.8% 0.2%
LAKEVIEW LOAN SERVICING, LLC $3,010,000 $1,010,000 -66.4% 0.2%
MEMBER FIRST MORTGAGE, LLC $425,000 $1,005,000 136.5% 0.2%
UBS Bank USA $1,005,000 n/a 0.2%
Bank of America $1,860,000 $985,000 -47.0% 0.2%
AMERISAVE MORTGAGE CORPORATION $4,205,000 $980,000 -76.7% 0.2%
HOMEXPRESS MORTGAGE CORP. $700,000 $980,000 40.0% 0.2%
A&D Mortgage LLC $965,000 n/a 0.2%
LOANDEPOT.COM, LLC $9,770,000 $955,000 -90.2% 0.2%
HomeStreet Bank $600,000 $935,000 55.8% 0.2%
MANN FINANCIAL INC. $1,560,000 $925,000 -40.7% 0.2%
First National Bank of America $500,000 $880,000 76.0% 0.2%
BAY EQUITY LLC $1,365,000 $860,000 -37.0% 0.2%
DIRECTORS MORTGAGE, INC. $1,610,000 $850,000 -47.2% 0.2%
FIRST TECHNOLOGY $1,445,000 $840,000 -41.9% 0.2%
Sunflower Bank $2,200,000 $835,000 -62.0% 0.2%
EVERETT FINANCIAL, INC. $1,585,000 $830,000 -47.6% 0.2%
Mechanics Bank $805,000 n/a 0.2%
PACIFIC RESIDENTIAL MORTGAGE, LLC $785,000 n/a 0.2%
BROKER SOLUTIONS, INC. $6,210,000 $775,000 -87.5% 0.2%
MUTUAL OF OMAHA MORTGAGE, INC. $635,000 $775,000 22.0% 0.2%
CORNERSTONE HOME LENDING, INC. $1,185,000 $755,000 -36.3% 0.2%
Northpointe Bank $725,000 n/a 0.2%
O BEE $705,000 n/a 0.2%
ZILLOW HOME LOANS, LLC $410,000 $650,000 58.5% 0.2%
HAPO COMMUNITY CREDIT UNION $1,110,000 $630,000 -43.2% 0.2%
Heritage Bank $625,000 n/a 0.2%
PENTAGON FEDERAL CREDIT UNION $85,000 $605,000 611.8% 0.1%
UIF CORPORATION $605,000 n/a 0.1%
Century Mortgage Company DBA Century Lending Company $135,000 $600,000 344.4% 0.1%
FIBRE FEDERAL CREDIT UNION $260,000 $590,000 126.9% 0.1%
North American Savings Bank, F.S.B. $590,000 $560,000 -5.1% 0.1%
NexBank $565,000 $550,000 -2.7% 0.1%
Qualstar Credit Union $550,000 $550,000 0.0% 0.1%
TRIAD FINANCIAL SERVICES, INC. $835,000 $520,000 -37.7% 0.1%
PRIMARY RESIDENTIAL MORTGAGE, INC. $1,870,000 $515,000 -72.5% 0.1%
T2 FINANCIAL LLC $505,000 n/a 0.1%
Self-Help Federal Credit Union $570,000 $500,000 -12.3% 0.1%
Cashmere Valley Bank $590,000 $495,000 -16.1% 0.1%
Discover Bank $710,000 $495,000 -30.3% 0.1%
MICHIGAN MUTUAL, INC. $315,000 $495,000 57.1% 0.1%
AMERICAN FINANCING CORPORATION $700,000 $480,000 -31.4% 0.1%
CITY FIRST MORTGAGE SERVICES, L.L.C. $610,000 $480,000 -21.3% 0.1%
HOMESIDE FINANCIAL, LLC $2,710,000 $455,000 -83.2% 0.1%
Equity Prime Mortgage LLC $630,000 $425,000 -32.5% 0.1%
HighTechLending Inc $400,000 n/a 0.1%
NEXERA HOLDING LLC $525,000 $400,000 -23.8% 0.1%
MLD MORTGAGE INC. $505,000 $395,000 -21.8% 0.1%
RESIDENTIAL BANCORP $395,000 n/a 0.1%
The Huntington National Bank $790,000 $395,000 -50.0% 0.1%
Loan Simple, Inc. $490,000 $390,000 -20.4% 0.1%
Evolve Bank & Trust $475,000 $385,000 -18.9% 0.1%
Figure Lending LLC $275,000 $385,000 40.0% 0.1%
INTERNATIONAL CITY MORTGAGE, INC. $385,000 n/a 0.1%
GUARANTY HOME MORTGAGE CORPORATION $375,000 n/a 0.1%
Timberland Bank $375,000 n/a 0.1%
ALLIANT CREDIT UNION $355,000 $355,000 0.0% 0.1%
AMERICAN FINANCIAL RESOURCES, INC. $435,000 $355,000 -18.4% 0.1%
CHEVRON $355,000 n/a 0.1%
Cornerstone First Mortgage, Inc $345,000 n/a 0.1%
RESIDENTIAL MORTGAGE, LLC $345,000 n/a 0.1%
FINANCE OF AMERICA REVERSE LLC $400,000 $340,000 -15.0% 0.1%
ARK-LA-TEX FINANCIAL SERVICES, LLC. $590,000 $315,000 -46.6% 0.1%
The Loan Store, Inc. $315,000 n/a 0.1%
1st Security Bank of Washington $1,310,000 $305,000 -76.7% 0.1%
Potlatch No. 1 Financial Credit Union $305,000 n/a 0.1%
VILLAGE CAPITAL MORTGAGE $735,000 $305,000 -58.5% 0.1%
CALIBER HOME LOANS, INC. $22,625,000 $290,000 -98.7% 0.1%
PENRITH HOME LOANS LLC $730,000 $285,000 -61.0% 0.1%
RANLIFE, INC. $685,000 $285,000 -58.4% 0.1%
VISION ONE MORTGAGE, INC. $285,000 n/a 0.1%
First Interstate Bank $2,110,000 $280,000 -86.7% 0.1%
CANOPY MORTGAGE, LLC $275,000 $245,000 -10.9% 0.1%
S1L, Inc. $375,000 $245,000 -34.7% 0.1%
Carrington Mortgage Services, LLC $1,120,000 $235,000 -79.0% 0.1%
MORTGAGE SOLUTIONS OF COLORADO, LLC $305,000 $235,000 -23.0% 0.1%
Commerce Home Mortgage, Inc. $225,000 n/a 0.1%
VANDERBILT MORTGAGE AND FINANCE, INC. $225,000 $225,000 0.0% 0.1%
BNC National Bank $215,000 n/a 0.1%
PROVIDENT FUNDING ASSOCIATES, L.P. $1,000,000 $215,000 -78.5% 0.1%
Ixonia Bank $195,000 n/a 0.0%
ON Q FINANCIAL, INC. $955,000 $195,000 -79.6% 0.0%
SOUND $645,000 $190,000 -70.5% 0.0%
AXIA FINANCIAL, LLC $375,000 $185,000 -50.7% 0.0%
CU HOME MORTGAGE SOLUTIONS, LLC $175,000 n/a 0.0%
Willamette Valley Bank $175,000 n/a 0.0%
CANOPY $95,000 $165,000 73.7% 0.0%
Citizens Bank $165,000 n/a 0.0%
Servion, Inc. $445,000 $165,000 -62.9% 0.0%
PREMIER LENDING, INC. $155,000 n/a 0.0%
PNC Bank $1,150,000 $150,000 -87.0% 0.0%
ROYAL UNITED MORTGAGE LLC $65,000 $140,000 115.4% 0.0%
ARC HOME LLC $135,000 n/a 0.0%
CONTOUR MORTGAGE CORPORATION $135,000 n/a 0.0%
NATIONS DIRECT MORTGAGE, LLC $135,000 n/a 0.0%
21ST MORTGAGE CORPORATION $100,000 $100,000 0.0% 0.0%
Advisors Mortgage Group, L.L.C. $95,000 n/a 0.0%
GTE Federal Credit Union $75,000 n/a 0.0%
Sound Community Bank $75,000 n/a 0.0%
Avista Corporation Credit Union $65,000 n/a 0.0%
Bethpage Federal Credit Union $55,000 n/a 0.0%
HARBORSTONE $45,000 $55,000 22.2% 0.0%
HomeTrust Bank $55,000 n/a 0.0%
SPRING EQ, LLC $85,000 $55,000 -35.3% 0.0%
TWINSTAR $55,000 n/a 0.0%
Glacier Bank $720,000 $35,000 -95.1% 0.0%
Lakeview Community Capital, LLC $360,000 $25,000 -93.1% 0.0%

Moses Lake's top lender by overall market share is GUILD MORTGAGE COMPANY, with 10.8% market share. In second place, with 6.8%, is Banner Bank, having originated $28,220,000 in loans. In third place, with 6.0%, is MOVEMENT MORTGAGE, LLC, having originated $24,700,000 in loans. In fourth place, with 5.4%, is QUICKEN LOANS, LLC, having originated $22,445,000 in loans. In fifth place, with 5.1%, is GESA, having originated $21,205,000 in loans.

Moses Lake, WA Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 946 $300,690,000 $317,854
Cash Out Refi 207 $54,215,000 $261,908
Other 197 $23,265,000 $118,096
Home Improvement 150 $13,500,000 $90,000
Refi 71 $22,755,000 $320,493

Moses Lake's most frequently cited loan purpose was Home Purchase, with 946 originations. The 2nd most popular reason was Cash Out Refi, with 207 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
6-7% 496 $159,080,000 $320,726
Over 8% 369 $47,445,000 $128,577
7-8% 368 $130,650,000 $355,027
5-6% 211 $65,595,000 $310,877
4-5% 57 $7,955,000 $139,561
<2.5% 53 $625,000 $11,792
3-4% 3 $395,000 $131,667
2.5-3% 1 $125,000 $125,000

During 2023, Moses Lake's most frequently originated rate bucket was 6-7%, with 496 originations.

Loan Sizing (Moses Lake, WA MSA)

Loan Size Originations Total Value Average Loan
$200k-400k 723 $212,565,000 $294,004
$100,000 or less 365 $17,615,000 $48,260
$100k-200k 270 $40,230,000 $149,000
$400k-600k 156 $73,570,000 $471,603
$600k-1000k 39 $26,585,000 $681,667
$Over $1MM 18 $43,860,000 $2,436,667

Moses Lake's loan sizing saw the bucket of loans from $200k-400k with 723 originations, totaling $212,565,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 619 $205,935,000 $332,690
60-80% 324 $129,250,000 $398,920
Under 20% 295 $13,375,000 $45,339
20-40% 167 $22,425,000 $134,281
40-60% 136 $34,190,000 $251,397
Over 100% 18 $6,000,000 $333,333

Moses Lake's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 619 originations, totaling $205,935,000 in origination value.