Moses Lake Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Moses Lake averaged
6.88%
for the week of 2023-11-30, compared to the national average of
7.22% for the same period.
The average rate for the prior week (2023-11-22) was
7.15% and
one month ago for the week of 2023-10-26, the
average rate was 7.45%.
Moses Lake's average rate one year ago was 6.54%.
For refis of the same type during the week of 2023-11-30, the average rate
was 6.39%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2023-11-30 | 7.22% |
| Moses Lake 30 Year Fixed Rate | 2023-11-30 | 6.88% |
| Moses Lake 30 Year Fixed Rate Refi | 2023-11-30 | 6.39% |
| Moses Lake 15 Year Fixed Rate | 2023-11-30 | 6.66% |
| Moses Lake 15 Year Fixed Rate Refi | 2023-11-30 | 6.66% |
| Moses Lake 30 Year FHA | 2023-11-30 | 6.67% |
| Moses Lake 30 Year FHA Refi | 2023-11-30 | 6.85% |
| Moses Lake 30 Year USDA | 2023-11-30 | 6.9% |
| Moses Lake 30 Year USDA Refi | 2023-11-30 | 7% |
| Moses Lake 30 Year VA | 2023-11-30 | 6.42% |
| Moses Lake 30 Year VA Refi | 2023-11-30 | 6.57% |
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.).
Moses Lake Average Closing Costs & Other Stats
Moses Lake, WA's 138 lenders originated 2,536
loans during 2022. The total origination value was $712,800,000, with an average loan value of
$281,073.
Moses Lake's average closing costs are $5,806.
The top Moses Lake lender as defined by loan originations is GUILD MORTGAGE COMPANY, with
95 loans originated. Their average total fees are
$7,500, which is $1,665
higher than the next largest lender,
GESA.
The lowest fee Moses Lake lenders (with over 10 loans originated) are
JPMorgan Chase Bank ($3,861), Washington Trust Bank ($4,219), Boeing Employees Credit Union ($4,498), SPOKANE TEACHERS ($4,666) and Wells Fargo Bank ($5,019).
The lowest rate Moses Lake lenders (with over 10 loans originated) are
Washington Federal Bank (4.23%), HOMEBRIDGE FINANCIAL SERVICES, INC. (4.25%), Umpqua Bank (4.26%), GESA (4.27%) and Mr. Cooper ( Nationstar Mortgage ) (4.41%).
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 | 2021 Loan Value | 2022 Loan Value | % Change | 2022 Market Share |
|---|---|---|---|---|
| GUILD MORTGAGE COMPANY | $108,280,000 | $58,410,000 | -46.1% | 8.2% |
| VERITY | $175,000 | $40,005,000 | 22,760.0% | 5.6% |
| GESA | $39,480,000 | $32,520,000 | -17.6% | 4.6% |
| MOVEMENT MORTGAGE, LLC | $75,020,000 | $31,885,000 | -57.5% | 4.5% |
| QUICKEN LOANS, LLC | $71,375,000 | $30,720,000 | -57.0% | 4.3% |
| Washington Trust Bank | $28,030,000 | $28,820,000 | 2.8% | 4.0% |
| Umpqua Bank | $24,200,000 | $26,090,000 | 7.8% | 3.7% |
| CALIBER HOME LOANS, INC. | $33,585,000 | $22,625,000 | -32.6% | 3.2% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $36,325,000 | $20,565,000 | -43.4% | 2.9% |
| EVERGREEN MONEYSOURCE MORTGAGE COMPANY | $44,425,000 | $20,365,000 | -54.2% | 2.9% |
| Banner Bank | $31,010,000 | $19,970,000 | -35.6% | 2.8% |
| UNITED WHOLESALE MORTGAGE, LLC | $16,940,000 | $17,280,000 | 2.0% | 2.4% |
| Wheatland Bank | $22,995,000 | $17,095,000 | -25.7% | 2.4% |
| ENVOY MORTGAGE, LTD | $15,525,000 | $16,170,000 | 4.2% | 2.3% |
| HORIZON | $16,520,000 | $13,480,000 | -18.4% | 1.9% |
| Washington Federal Bank | $16,440,000 | $13,330,000 | -18.9% | 1.9% |
| JPMorgan Chase Bank | $15,445,000 | $13,300,000 | -13.9% | 1.9% |
| U.S. Bank | $16,520,000 | $11,515,000 | -30.3% | 1.6% |
| Boeing Employees Credit Union | $9,045,000 | $9,995,000 | 10.5% | 1.4% |
| LOANDEPOT.COM, LLC | $24,785,000 | $9,770,000 | -60.6% | 1.4% |
| SPOKANE TEACHERS | $7,385,000 | $8,140,000 | 10.2% | 1.1% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $18,135,000 | $7,800,000 | -57.0% | 1.1% |
| Columbia State Bank | $3,795,000 | $7,565,000 | 99.3% | 1.1% |
| Peoples Bank | $4,935,000 | $7,370,000 | 49.3% | 1.0% |
| HOME POINT FINANCIAL CORPORATION | $12,065,000 | $7,095,000 | -41.2% | 1.0% |
| Mortgage Research Center, LLC | $8,525,000 | $7,085,000 | -16.9% | 1.0% |
| Wells Fargo Bank | $9,435,000 | $6,910,000 | -26.8% | 1.0% |
| KeyBank | $15,990,000 | $6,790,000 | -57.5% | 1.0% |
| FINANCE OF AMERICA MORTGAGE LLC | $7,215,000 | $6,360,000 | -11.9% | 0.9% |
| CHURCHILL MORTGAGE CORPORATION | $3,440,000 | $6,270,000 | 82.3% | 0.9% |
| BROKER SOLUTIONS, INC. | $10,950,000 | $6,210,000 | -43.3% | 0.9% |
| FREEDOM MORTGAGE CORPORATION | $18,510,000 | $5,590,000 | -69.8% | 0.8% |
| PENNYMAC LOAN SERVICES, LLC | $12,605,000 | $5,555,000 | -55.9% | 0.8% |
| CROSSCOUNTRY MORTGAGE, LLC | $6,685,000 | $4,960,000 | -25.8% | 0.7% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $9,285,000 | $4,810,000 | -48.2% | 0.7% |
| Mr. Cooper ( Nationstar Mortgage ) | $8,685,000 | $4,375,000 | -49.6% | 0.6% |
| NUMERICA CREDIT UNION | $4,290,000 | $4,300,000 | 0.2% | 0.6% |
| AMERISAVE MORTGAGE CORPORATION | $7,770,000 | $4,205,000 | -45.9% | 0.6% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $3,305,000 | $4,200,000 | 27.1% | 0.6% |
| Flagstar Bank, FSB | $6,795,000 | $3,535,000 | -48.0% | 0.5% |
| NAVY FEDERAL CREDIT UNION | $3,255,000 | $3,455,000 | 6.1% | 0.5% |
| GUARANTEED RATE, INC. | $985,000 | $3,225,000 | 227.4% | 0.5% |
| CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $5,255,000 | $3,025,000 | -42.4% | 0.4% |
| LAKEVIEW LOAN SERVICING, LLC | $4,200,000 | $3,010,000 | -28.3% | 0.4% |
| ACADEMY MORTGAGE CORPORATION | $4,975,000 | $2,950,000 | -40.7% | 0.4% |
| NFM, INC. | $5,375,000 | $2,825,000 | -47.4% | 0.4% |
| HOMESIDE FINANCIAL, LLC | $2,650,000 | $2,710,000 | 2.3% | 0.4% |
| America's Credit Union | $2,540,000 | n/a | 0.4% | |
| SUMMIT FUNDING, INC. | $5,180,000 | $2,500,000 | -51.7% | 0.4% |
| WASHINGTON STATE EMPLOYEES Credit Union | $1,455,000 | $2,305,000 | 58.4% | 0.3% |
| The Federal Savings Bank | $3,420,000 | $2,290,000 | -33.0% | 0.3% |
| JONES LANG LASALLE MULTIFAMILY, LLC | $2,265,000 | n/a | 0.3% | |
| CMG MORTGAGE, INC. | $3,465,000 | $2,240,000 | -35.4% | 0.3% |
| Sunflower Bank | $295,000 | $2,200,000 | 645.8% | 0.3% |
| Paramount Residential Mortgage Group, Inc. | $2,015,000 | $2,190,000 | 8.7% | 0.3% |
| Strong Home Mortgage, LLC | $585,000 | $2,170,000 | 270.9% | 0.3% |
| First Interstate Bank | $1,420,000 | $2,110,000 | 48.6% | 0.3% |
| Northwest Farm Credit Services, FLCA | $1,720,000 | $2,075,000 | 20.6% | 0.3% |
| KEYPOINT | $1,925,000 | n/a | 0.3% | |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $6,415,000 | $1,870,000 | -70.8% | 0.3% |
| Bank of America | $2,530,000 | $1,860,000 | -26.5% | 0.3% |
| Hometown Lenders, Inc. | $435,000 | $1,775,000 | 308.0% | 0.2% |
| PREMIER MORTGAGE RESOURCES, L.L.C. | $1,810,000 | $1,770,000 | -2.2% | 0.2% |
| LENDINGHOME FUNDING CORPORATION | $1,190,000 | $1,615,000 | 35.7% | 0.2% |
| DIRECTORS MORTGAGE, INC. | $4,325,000 | $1,610,000 | -62.8% | 0.2% |
| EVERETT FINANCIAL, INC. | $1,585,000 | n/a | 0.2% | |
| BETTER MORTGAGE CORPORATION | $7,180,000 | $1,565,000 | -78.2% | 0.2% |
| MANN FINANCIAL INC. | $2,545,000 | $1,560,000 | -38.7% | 0.2% |
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $810,000 | $1,495,000 | 84.6% | 0.2% |
| FIRST TECHNOLOGY | $1,205,000 | $1,445,000 | 19.9% | 0.2% |
| NEW DAY FINANCIAL, LLC | $3,030,000 | $1,440,000 | -52.5% | 0.2% |
| BAY EQUITY LLC | $1,945,000 | $1,365,000 | -29.8% | 0.2% |
| 1st Security Bank of Washington | $3,850,000 | $1,310,000 | -66.0% | 0.2% |
| NEWREZ LLC | $4,970,000 | $1,275,000 | -74.3% | 0.2% |
| CREDIT HUMAN FEDERAL CREDIT UNION | $840,000 | $1,250,000 | 48.8% | 0.2% |
| CORNERSTONE HOME LENDING, INC. | $5,825,000 | $1,185,000 | -79.7% | 0.2% |
| PNC Bank | $250,000 | $1,150,000 | 360.0% | 0.2% |
| Carrington Mortgage Services, LLC | $2,945,000 | $1,120,000 | -62.0% | 0.2% |
| HAPO COMMUNITY CREDIT UNION | $230,000 | $1,110,000 | 382.6% | 0.2% |
| AMERICAN ADVISORS GROUP | $1,000,000 | $1,090,000 | 9.0% | 0.2% |
| USAA Federal Savings Bank | $2,855,000 | $1,090,000 | -61.8% | 0.2% |
| PROVIDENT FUNDING ASSOCIATES, L.P. | $840,000 | $1,000,000 | 19.0% | 0.1% |
| HIGHLANDS RESIDENTIAL MORTGAGE, LTD. | $1,230,000 | $975,000 | -20.7% | 0.1% |
| ON Q FINANCIAL, INC. | $660,000 | $955,000 | 44.7% | 0.1% |
| VELOCITY COMMERCIAL CAPITAL, LLC | $920,000 | n/a | 0.1% | |
| Solarity Credit Union | $1,350,000 | $905,000 | -33.0% | 0.1% |
| GENEVA FINANCIAL, LLC | $1,270,000 | $885,000 | -30.3% | 0.1% |
| THRIVE MORTGAGE, LLC | $475,000 | $865,000 | 82.1% | 0.1% |
| MUFG Union Bank | $370,000 | $840,000 | 127.0% | 0.1% |
| Grandbridge Real Estate Capital LLC | $835,000 | n/a | 0.1% | |
| TRIAD FINANCIAL SERVICES, INC. | $85,000 | $835,000 | 882.4% | 0.1% |
| CIVIC FINANCIAL SERVICES, LLC | $1,035,000 | $820,000 | -20.8% | 0.1% |
| Nations Lending Corporation | $2,345,000 | $800,000 | -65.9% | 0.1% |
| The Huntington National Bank | $790,000 | n/a | 0.1% | |
| LADERA LENDING, INC. | $1,660,000 | $765,000 | -53.9% | 0.1% |
| SIRVA MORTGAGE, INC. | $610,000 | $760,000 | 24.6% | 0.1% |
| Prosperity Home Mortgage, LLC | $740,000 | n/a | 0.1% | |
| VILLAGE CAPITAL MORTGAGE | $1,665,000 | $735,000 | -55.9% | 0.1% |
| PENRITH HOME LOANS LLC | $2,125,000 | $730,000 | -65.6% | 0.1% |
| Glacier Bank | $1,435,000 | $720,000 | -49.8% | 0.1% |
| Discover Bank | $360,000 | $710,000 | 97.2% | 0.1% |
| PLANET HOME LENDING, LLC | $125,000 | $705,000 | 464.0% | 0.1% |
| AMERICAN FINANCING CORPORATION | $1,070,000 | $700,000 | -34.6% | 0.1% |
| HOMEXPRESS MORTGAGE CORP. | $700,000 | n/a | 0.1% | |
| MARION AND POLK SCHOOLS CREDIT UNION | $425,000 | $695,000 | 63.5% | 0.1% |
| RANLIFE, INC. | $1,230,000 | $685,000 | -44.3% | 0.1% |
| Arvest Bank | $475,000 | $675,000 | 42.1% | 0.1% |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | $670,000 | n/a | 0.1% | |
| Wyndham Capital Mortgage, Inc. | $985,000 | $670,000 | -32.0% | 0.1% |
| Citadel Servicing Corporation | $665,000 | n/a | 0.1% | |
| Amerifirst Financial, Inc. | $305,000 | $660,000 | 116.4% | 0.1% |
| SOUND | $1,660,000 | $645,000 | -61.1% | 0.1% |
| CITYWIDE HOME LOANS, LLC | $2,375,000 | $635,000 | -73.3% | 0.1% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $2,185,000 | $635,000 | -70.9% | 0.1% |
| Equity Prime Mortgage LLC | $630,000 | n/a | 0.1% | |
| First Guaranty Mortgage Corporation | $625,000 | n/a | 0.1% | |
| CITY FIRST MORTGAGE SERVICES, L.L.C. | $610,000 | n/a | 0.1% | |
| HomeStreet Bank | $3,310,000 | $600,000 | -81.9% | 0.1% |
| PRIORITY HOME LENDING, LLC | $625,000 | $600,000 | -4.0% | 0.1% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $390,000 | $590,000 | 51.3% | 0.1% |
| Cashmere Valley Bank | $3,215,000 | $590,000 | -81.6% | 0.1% |
| North American Savings Bank, F.S.B. | $2,780,000 | $590,000 | -78.8% | 0.1% |
| MID AMERICA MORTGAGE, INC. | $585,000 | n/a | 0.1% | |
| Morgan Stanley Private Bank | $575,000 | n/a | 0.1% | |
| Self-Help Federal Credit Union | $215,000 | $570,000 | 165.1% | 0.1% |
| NexBank | $565,000 | n/a | 0.1% | |
| Qualstar Credit Union | $1,360,000 | $550,000 | -59.6% | 0.1% |
| Wallick & Volk, Inc. | $550,000 | n/a | 0.1% | |
| Deseret First Credit Union | $535,000 | n/a | 0.1% | |
| OAKTREE FUNDING CORP. | $535,000 | n/a | 0.1% | |
| Peoples Bank | $4,935,000 | $530,000 | -89.3% | 0.1% |
| NEXERA HOLDING LLC | $525,000 | n/a | 0.1% | |
| MLD MORTGAGE INC. | $505,000 | n/a | 0.1% | |
| First National Bank of America | $1,595,000 | $500,000 | -68.7% | 0.1% |
| Cathay Bank | $495,000 | n/a | 0.1% | |
| Loan Simple, Inc. | $2,010,000 | $490,000 | -75.6% | 0.1% |
| Evolve Bank & Trust | $475,000 | n/a | 0.1% | |
| First Home Bank | $480,000 | $460,000 | -4.2% | 0.1% |
| First Western Bank & Trust | $455,000 | n/a | 0.1% | |
| FARMERS INSURANCE GROUP FEDERAL CREDIT UNION | $450,000 | n/a | 0.1% | |
| Servion, Inc. | $425,000 | $445,000 | 4.7% | 0.1% |
| AMERICAN FINANCIAL RESOURCES, INC. | $770,000 | $435,000 | -43.5% | 0.1% |
| The Central Trust Bank | $435,000 | n/a | 0.1% | |
| Ally Bank | $685,000 | $425,000 | -38.0% | 0.1% |
| MEMBER FIRST MORTGAGE, LLC | $425,000 | n/a | 0.1% | |
| Greenbox Loans, Inc. | $215,000 | $415,000 | 93.0% | 0.1% |
| LONGBRIDGE FINANCIAL, LLC | $125,000 | $415,000 | 232.0% | 0.1% |
| ZILLOW HOME LOANS, LLC | $950,000 | $410,000 | -56.8% | 0.1% |
| FINANCE OF AMERICA REVERSE LLC | $645,000 | $400,000 | -38.0% | 0.1% |
| DAS Acquisition Company, LLC | $1,660,000 | $395,000 | -76.2% | 0.1% |
| PREMIA MORTGAGE, LLC | $395,000 | n/a | 0.1% | |
| STANFORD Federal Credit Union | $395,000 | n/a | 0.1% | |
| Charles Schwab Bank, SSB | $385,000 | n/a | 0.1% | |
| AXIA FINANCIAL, LLC | $205,000 | $375,000 | 82.9% | 0.1% |
| S1L, Inc. | $250,000 | $375,000 | 50.0% | 0.1% |
| WHATCOM EDUCATIONAL CREDIT UNION | $370,000 | n/a | 0.1% | |
| GSF Mortgage Corporation | $335,000 | $365,000 | 9.0% | 0.1% |
| Lakeview Community Capital, LLC | $145,000 | $360,000 | 148.3% | 0.1% |
| ALLIANT CREDIT UNION | $55,000 | $355,000 | 545.5% | 0.0% |
| RBC Bank, (Georgia) | $345,000 | n/a | 0.0% | |
| Low VA Rates, LLC | $335,000 | n/a | 0.0% | |
| NATIONS RELIABLE LENDING, LLC | $335,000 | n/a | 0.0% | |
| NBKC BANK | $800,000 | $335,000 | -58.1% | 0.0% |
| PANORAMA MORTGAGE GROUP, LLC | $590,000 | $335,000 | -43.2% | 0.0% |
| HOMEOWNERS FINANCIAL GROUP USA, LLC | $325,000 | n/a | 0.0% | |
| Sierra Pacific Mortgage Company, Inc. | $165,000 | $325,000 | 97.0% | 0.0% |
| MICHIGAN MUTUAL, INC. | $315,000 | n/a | 0.0% | |
| OPEN MORTGAGE, LLC | $650,000 | $315,000 | -51.5% | 0.0% |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $305,000 | n/a | 0.0% | |
| NATIONWIDE MORTGAGE BANKERS, INC. | $125,000 | $305,000 | 144.0% | 0.0% |
| Barrington Bank & Trust Company, N.A. | $1,545,000 | $275,000 | -82.2% | 0.0% |
| CANOPY MORTGAGE, LLC | $725,000 | $275,000 | -62.1% | 0.0% |
| Figure Lending LLC | $265,000 | $275,000 | 3.8% | 0.0% |
| LEADERONE FINANCIAL CORPORATION | $1,400,000 | $275,000 | -80.4% | 0.0% |
| NP, Inc. | $255,000 | $275,000 | 7.8% | 0.0% |
| EMM LOANS LLC | $290,000 | $265,000 | -8.6% | 0.0% |
| FIBRE FEDERAL CREDIT UNION | $260,000 | n/a | 0.0% | |
| First Federal Bank | $245,000 | $255,000 | 4.1% | 0.0% |
| SWBC MORTGAGE CORPORATION | $255,000 | n/a | 0.0% | |
| LOANLEADERS OF AMERICA, INC. | $315,000 | $245,000 | -22.2% | 0.0% |
| SECURITYNATIONAL MORTGAGE COMPANY | $245,000 | n/a | 0.0% | |
| Stifel Bank and Trust | $235,000 | n/a | 0.0% | |
| AMERICAN INTERNET MORTGAGE, INC. | $225,000 | n/a | 0.0% | |
| CHERRY CREEK MORTGAGE, LLC | $440,000 | $225,000 | -48.9% | 0.0% |
| FirstBank | $240,000 | $225,000 | -6.3% | 0.0% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $135,000 | $225,000 | 66.7% | 0.0% |
| SILVER HILL FUNDING, LLC | $215,000 | n/a | 0.0% | |
| Truist | $410,000 | $215,000 | -47.6% | 0.0% |
| EAST IDAHO Credit Union | $205,000 | n/a | 0.0% | |
| FOUR POINTS | $205,000 | n/a | 0.0% | |
| REVERSE MORTGAGE FUNDING LLC | $175,000 | $185,000 | 5.7% | 0.0% |
| IDAHO CENTRAL | $170,000 | n/a | 0.0% | |
| MORTGAGE MASTER SERVICE CORPORATION | $795,000 | $165,000 | -79.2% | 0.0% |
| RESIDENTIAL WHOLESALE MORTGAGE, INC. | $165,000 | n/a | 0.0% | |
| Third Federal Savings and Loan Association of Cleveland | $300,000 | $155,000 | -48.3% | 0.0% |
| Century Mortgage Company DBA Century Lending Company | $135,000 | n/a | 0.0% | |
| First Western Federal Savings Bank | $135,000 | n/a | 0.0% | |
| UNIVERSITY CREDIT UNION | $135,000 | n/a | 0.0% | |
| ADVANCIAL | $125,000 | n/a | 0.0% | |
| DEEPHAVEN MORTGAGE LLC | $125,000 | n/a | 0.0% | |
| NETWORK CAPITAL FUNDING CORPORATION | $310,000 | $115,000 | -62.9% | 0.0% |
| First International Bank & Trust | $105,000 | n/a | 0.0% | |
| KELLER MORTGAGE, LLC | $950,000 | $105,000 | -88.9% | 0.0% |
| 21ST MORTGAGE CORPORATION | $285,000 | $100,000 | -64.9% | 0.0% |
| CANOPY | $95,000 | n/a | 0.0% | |
| NorthWest Plus Credit Union | $270,000 | $95,000 | -64.8% | 0.0% |
| PENTAGON FEDERAL CREDIT UNION | $290,000 | $85,000 | -70.7% | 0.0% |
| SPRING EQ, LLC | $145,000 | $85,000 | -41.4% | 0.0% |
| Gateway First Bank | $370,000 | $75,000 | -79.7% | 0.0% |
| ROYAL UNITED MORTGAGE LLC | $155,000 | $65,000 | -58.1% | 0.0% |
| BayCoast Bank | $55,000 | n/a | 0.0% | |
| KITSAP Credit Union | $55,000 | n/a | 0.0% | |
| Alaska USA Federal Credit Union | $3,405,000 | $45,000 | -98.7% | 0.0% |
| HARBORSTONE | $45,000 | n/a | 0.0% | |
| WINGS FINANCIAL | $25,000 | n/a | 0.0% |
Moses Lake's top lender by overall market share is GUILD MORTGAGE COMPANY, with 8.2% market share. In second place, with 5.6%, is VERITY, having originated $40,005,000 in loans. In third place, with 4.6%, is GESA, having originated $32,520,000 in loans. In fourth place, with 4.5%, is MOVEMENT MORTGAGE, LLC, having originated $31,885,000 in loans. In fifth place, with 4.3%, is QUICKEN LOANS, LLC, having originated $30,720,000 in loans.
Moses Lake, WA Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 1,310 | $407,460,000 | $311,038 |
| Cash Out Refi | 557 | $156,375,000 | $280,745 |
| Refi | 237 | $57,275,000 | $241,667 |
| Home Improvement | 227 | $26,885,000 | $118,436 |
| Other | 205 | $64,805,000 | $316,122 |
Moses Lake's most frequently cited loan purpose was Home Purchase, with 1,310 originations. The 2nd most popular reason was Cash Out Refi, with 557 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 5-6% | 592 | $181,350,000 | $306,334 |
| 3-4% | 580 | $191,960,000 | $330,966 |
| 4-5% | 572 | $171,690,000 | $300,157 |
| 6-7% | 286 | $78,810,000 | $275,559 |
| 2.5-3% | 215 | $39,645,000 | $184,395 |
| 7-8% | 125 | $27,705,000 | $221,640 |
| <2.5% | 107 | $13,875,000 | $129,673 |
| Over 8% | 56 | $7,560,000 | $135,000 |
During 2022, Moses Lake's most frequently originated rate bucket was 5-6%, with 592 originations.
Loan Sizing (Moses Lake, WA MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 1,205 | $351,095,000 | $291,365 |
| $100k-200k | 554 | $83,380,000 | $150,505 |
| $100,000 or less | 405 | $21,205,000 | $52,358 |
| $400k-600k | 297 | $139,525,000 | $469,781 |
| $600k-1000k | 60 | $41,020,000 | $683,667 |
| $Over $1MM | 15 | $76,575,000 | $5,105,000 |
Moses Lake's loan sizing saw the bucket of loans from $200k-400k with 1,205 originations, totaling $351,095,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 890 | $296,310,000 | $332,933 |
| 60-80% | 689 | $225,065,000 | $326,655 |
| 40-60% | 328 | $83,050,000 | $253,201 |
| 20-40% | 295 | $38,745,000 | $131,339 |
| Under 20% | 291 | $16,265,000 | $55,893 |
| Over 100% | 31 | $50,385,000 | $1,625,323 |
Moses Lake's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 890 originations, totaling $296,310,000 in origination value.