Oak Harbor Mortgage Rates & Closing Costs

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

30 Year Fixed Rate mortgages in Oak Harbor averaged 6.78% for the week of 2025-07-03, compared to the national average of 6.67% for the same period.

The average rate for the prior week (2025-06-26) was 7.08% and one month ago for the week of 2025-05-29, the average rate was 7%.

Oak Harbor's average rate one year ago was 7.17%.

For refis of the same type during the week of 2025-07-03, the average rate was 7.12%.

Loan Type Date Rate
US 30 Year Fixed Rate 2025-07-03 6.67%
Oak Harbor 30 Year Fixed Rate 2025-07-03 6.78%
Oak Harbor 30 Year Fixed Rate Refi 2025-07-03 7.12%
Oak Harbor 15 Year Fixed Rate 2025-07-03 5.9%
Oak Harbor 15 Year Fixed Rate Refi 2025-07-03 5.9%
Oak Harbor 30 Year FHA 2025-07-03 0.1%
Oak Harbor 30 Year FHA Refi 2025-07-03 0.1%
Oak Harbor 30 Year USDA 2025-07-03 0.1%
Oak Harbor 30 Year USDA Refi 2025-07-03 -0.2%
Oak Harbor 30 Year VA 2025-07-03 -0.19%
Oak Harbor 30 Year VA Refi 2025-07-03 -0.4%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Oak Harbor, WA.

Oak Harbor 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 Oak Harbor, 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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
UNITED WHOLESALE MORTGAGE, LLC 50 6.57% $7,295
QUICKEN LOANS, LLC 50 6.69% $7,054
GUILD MORTGAGE COMPANY 43 6.56% $9,234
CMG MORTGAGE, INC. 42 6.90% $8,373
MOVEMENT MORTGAGE, LLC 35 7.00% $7,631
Boeing Employees Credit Union 28 6.62% $6,013
Peoples Bank 18 7.14% $5,286
AMERICAN PACIFIC MORTGAGE CORPORATION 18 6.81% $8,447
Alaska USA Federal Credit Union 17 6.59% $5,453
The Loan Store, Inc. 16 6.71% $8,622
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 16 6.90% $7,661
CROSSCOUNTRY MORTGAGE, LLC 15 6.98% $7,345
EVERGREEN MONEYSOURCE MORTGAGE COMPANY 13 6.78% $9,158
NAVY FEDERAL CREDIT UNION 13 6.12% $6,531
BROKER SOLUTIONS, INC. 10 6.66% $7,068
ENVOY MORTGAGE, LTD 10 6.86% $6,719
Washington Federal Bank 10 6.94% $15,088
BAY EQUITY LLC 8 6.17% $7,481
GUARANTEED RATE, INC. 8 6.79% $7,240
U.S. Bank 7 6.57% $5,998
Bank of America 7 6.07% $6,385
DAS Acquisition Company, LLC 7 7.32% $9,549
PENNYMAC LOAN SERVICES, LLC 7 6.73% $7,847
Morgan Stanley Private Bank 7 5.80% $4,424
PRIMELENDING, A PLAINSCAPITAL COMPANY 6 6.58% $17,359
NEWREZ LLC 6 6.94% $7,685
NorthWest Plus Credit Union 5 6.40% $6,254
LOANDEPOT.COM, LLC 5 6.82% $8,136
PROVIDENT FUNDING ASSOCIATES, L.P. 5 6.08% $9,559
CORNERSTONE HOME LENDING, INC. 5 7.17% $6,238
NFM, INC. 5 6.70% $9,631
Mr. Cooper ( Nationstar Mortgage ) 5 6.50% $7,213
SAMMAMISH MORTGAGE COMPANY 4 6.81% $5,177
Paramount Residential Mortgage Group, Inc. 4 7.18% $6,225
Century Mortgage Company DBA Century Lending Company 4 7.06% $4,203
JPMorgan Chase Bank 4 7.00% $7,144
1st Security Bank of Washington 4 6.78% $8,221
WASHINGTON STATE EMPLOYEES Credit Union 4 6.88% $4,946
Wells Fargo Bank 4 6.06% $5,429
Charles Schwab Bank, SSB 3 5.29% $5,297
Washington Trust Bank 3 7.04% $5,934
HOMESIDE FINANCIAL, LLC 3 6.08% $12,541
USAA Federal Savings Bank 3 6.38% $5,946
MUTUAL OF OMAHA MORTGAGE, INC. 3 6.41% $15,840
GESA 3 6.29% $10,081
HomeStreet Bank 3 7.08% $3,642
LEADERONE FINANCIAL CORPORATION 3 7.13% $5,497
NEXERA HOLDING LLC 2 8.19% $21,583
ALLIANT CREDIT UNION 2 6.75% $3,907
American Mortgage & Equity Consultants, Inc. 2 6.62% $15,684
Armed Forces Bank 2 6.06% $14,781
Cornerstone First Mortgage, Inc 2 7.94% $5,494
DIRECTORS MORTGAGE, INC. 2 6.88% $10,833
LENDSURE MORTGAGE CORP. 2 7.44% $11,917
ON Q FINANCIAL, INC. 2 6.56% $7,989
RESIDENTIAL WHOLESALE MORTGAGE, INC. 2 7.37% $3,846
STAR ONE CREDIT UNION 2 6.13% $3,852
UBS Bank USA 2 6.38% $4,089
INTELLILOAN, INC. 1 6.99% $5,650
MORTGAGE EXPRESS, LLC 1 7.63% $5,975
HARBORSTONE 1 6.38% $4,996
Goldman Sachs Bank USA 1 6.05% $5,425
FUNDLOANS CAPITAL 1 7.75% $25,506
Flagstar Bank, FSB 1 6.88% $6,602
NBKC BANK 1 5.99% $12,659
FIRST TECHNOLOGY 1 6.88% $4,760
NexBank 1 7.88% $4,169
First National Bank Texas 1 7.38% $6,335
First Federal Savings Bank of Twin Falls 1 6.99% $7,850
NMSI, INC. 1 6.88% $10,359
Northwest Farm Credit Services, FLCA 1 6.25% $7,851
FIRST COLONY MORTGAGE CORPORATION 1 6.88% $4,362
OAKTREE FUNDING CORP. 1 7.75% $13,652
Old National Bank 1 6.13% $3,534
AMERICAN FINANCING CORPORATION 1 6.25% $5,876
First-Citizens Bank & Trust Company 1 6.48% $4,959
Evolve Bank & Trust 1 6.38% $4,023
Equity Prime Mortgage LLC 1 7.38% $16,003
Plains Commerce Bank 1 7.13% $12,191
PLANET HOME LENDING, LLC 1 6.99% $8,907
PLAZA HOME MORTGAGE, INC. 1 6.13% $4,365
PNC Bank 1 6.50% $10,701
PREMIA MORTGAGE, LLC 1 6.35% $2,121
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 6.50% $5,819
Commerce Home Mortgage, Inc. 1 7.88% $5,694
Coastal Community Bank 1 6.25% $1,479
Qualstar Credit Union 1 8.13% $5,868
BAY-VALLEY MORTGAGE GROUP 1 5.63% $3,836
Ally Bank 1 6.63% $7,967
S1L, Inc. 1 6.99% $8,883
Barrington Bank & Trust Company, N.A. 1 5.99% $9,194
SCENIC OAKS FUNDING, INC. 1 8.63% $4,447
Seattle Metropolitan Credit Union 1 7.00% $0
Sierra Pacific Mortgage Company, Inc. 1 7.63% $4,327
SOUND 1 6.63% $7,167
SPOKANE TEACHERS 1 8.13% $13,654
ALAMEDA MORTGAGE CORPORATION 1 7.49% $7,554
Stifel Bank and Trust 1 6.00% $3,706
Banner Bank 1 7.38% $4,508
TRISTAR FINANCE, INC. 1 6.63% $5,284
WHATCOM EDUCATIONAL CREDIT UNION 1 5.88% $10,211
Bank of the Pacific 1 6.63% $3,127
ARC HOME LLC 1 7.88% $5,744
ANGEL OAK MORTGAGE SOLUTIONS LLC 1 9.00% $21,795
LAKEVIEW LOAN SERVICING, LLC 1 5.99% $2,566
LADERA LENDING, INC. 1 6.63% $4,704
AMERISAVE MORTGAGE CORPORATION 1 6.63% $7,506
LENOX FINANCIAL MORTGAGE CORPORATION 1 6.00% $3,027
KeyBank 1 6.50% $4,978

Oak Harbor Average Closing Costs & Other Stats

Oak Harbor, WA's 109 lenders originated 2,050 loans during 2024. The total origination value was $753,970,000, with an average loan value of $367,790.

Oak Harbor's average closing costs are $6,624.

The top Oak Harbor lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 50 loans originated. Their average total fees are $7,295, which is $241 higher than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Oak Harbor lenders (with over 10 loans originated) are Peoples Bank ($5,286), Alaska USA Federal Credit Union ($5,453), Boeing Employees Credit Union ($6,013), NAVY FEDERAL CREDIT UNION ($6,531) and ENVOY MORTGAGE, LTD ($6,719).

The lowest rate Oak Harbor lenders (with over 10 loans originated) are NAVY FEDERAL CREDIT UNION (6.12%), GUILD MORTGAGE COMPANY (6.56%), UNITED WHOLESALE MORTGAGE, LLC (6.57%), Alaska USA Federal Credit Union (6.59%) and Boeing Employees Credit Union (6.62%).

Oak Harbor, 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 2023 Loan Value 2024 Loan Value % Change 2024 Market Share
UNITED WHOLESALE MORTGAGE, LLC $38,525,000 $56,475,000 46.6% 7.5%
CMG MORTGAGE, INC. $27,035,000 $50,220,000 85.8% 6.7%
GUILD MORTGAGE COMPANY $42,705,000 $49,005,000 14.8% 6.5%
QUICKEN LOANS, LLC $32,825,000 $40,190,000 22.4% 5.3%
NAVY FEDERAL CREDIT UNION $23,405,000 $37,830,000 61.6% 5.0%
Boeing Employees Credit Union $33,010,000 $36,725,000 11.3% 4.9%
MOVEMENT MORTGAGE, LLC $21,520,000 $28,265,000 31.3% 3.7%
Peoples Bank $27,730,000 $25,350,000 -8.6% 3.4%
ENVOY MORTGAGE, LTD $24,610,000 $22,905,000 -6.9% 3.0%
Alaska USA Federal Credit Union $21,255,000 $19,525,000 -8.1% 2.6%
Mortgage Research Center, LLC $13,400,000 $18,255,000 36.2% 2.4%
AMERICAN PACIFIC MORTGAGE CORPORATION $15,005,000 $15,235,000 1.5% 2.0%
Washington Federal Bank $17,945,000 $14,300,000 -20.3% 1.9%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $13,385,000 $12,545,000 -6.3% 1.7%
EVERGREEN MONEYSOURCE MORTGAGE COMPANY $10,160,000 $12,290,000 21.0% 1.6%
Heritage Bank $11,285,000 $11,420,000 1.2% 1.5%
PENNYMAC LOAN SERVICES, LLC $7,070,000 $11,395,000 61.2% 1.5%
CROSSCOUNTRY MORTGAGE, LLC $18,580,000 $11,065,000 -40.4% 1.5%
U.S. Bank $14,340,000 $9,765,000 -31.9% 1.3%
FREEDOM MORTGAGE CORPORATION $1,580,000 $9,020,000 470.9% 1.2%
SaviBank $11,525,000 $8,780,000 -23.8% 1.2%
Banner Bank $5,675,000 $7,955,000 40.2% 1.1%
NEWREZ LLC $3,240,000 $7,840,000 142.0% 1.0%
Bank of America $7,555,000 $7,830,000 3.6% 1.0%
The Loan Store, Inc. $1,695,000 $6,785,000 300.3% 0.9%
BROKER SOLUTIONS, INC. $3,365,000 $5,540,000 64.6% 0.7%
GUARANTEED RATE, INC. $2,325,000 $5,535,000 138.1% 0.7%
PRIMELENDING, A PLAINSCAPITAL COMPANY $3,120,000 $5,395,000 72.9% 0.7%
BAY EQUITY LLC $4,455,000 $5,360,000 20.3% 0.7%
Mr. Cooper ( Nationstar Mortgage ) $1,995,000 $5,315,000 166.4% 0.7%
Morgan Stanley Private Bank $5,770,000 $5,190,000 -10.1% 0.7%
WASHINGTON STATE EMPLOYEES Credit Union $2,725,000 $4,885,000 79.3% 0.6%
LOANDEPOT.COM, LLC $5,760,000 $4,790,000 -16.8% 0.6%
Washington Trust Bank $255,000 $4,355,000 1,607.8% 0.6%
NFM, INC. $2,580,000 $3,695,000 43.2% 0.5%
DAS Acquisition Company, LLC $4,560,000 $3,685,000 -19.2% 0.5%
MUTUAL OF OMAHA MORTGAGE, INC. $5,545,000 $3,575,000 -35.5% 0.5%
LAKEVIEW LOAN SERVICING, LLC $825,000 $3,565,000 332.1% 0.5%
CORNERSTONE HOME LENDING, INC. $8,215,000 $3,505,000 -57.3% 0.5%
Charles Schwab Bank, SSB $1,655,000 $3,265,000 97.3% 0.4%
Wells Fargo Bank $8,970,000 $3,195,000 -64.4% 0.4%
ALLIANT CREDIT UNION $1,055,000 $3,050,000 189.1% 0.4%
USAA Federal Savings Bank $2,390,000 $3,015,000 26.2% 0.4%
Umpqua Bank $4,495,000 $2,985,000 -33.6% 0.4%
VILLAGE CAPITAL MORTGAGE $2,895,000 n/a 0.4%
NEXERA HOLDING LLC $405,000 $2,890,000 613.6% 0.4%
JPMorgan Chase Bank $8,675,000 $2,885,000 -66.7% 0.4%
SAMMAMISH MORTGAGE COMPANY $2,730,000 $2,840,000 4.0% 0.4%
PROVIDENT FUNDING ASSOCIATES, L.P. $3,405,000 $2,770,000 -18.6% 0.4%
1st Security Bank of Washington $1,585,000 $2,705,000 70.7% 0.4%
Arbor Realty Trust, Inc. $2,525,000 n/a 0.3%
UBS Bank USA $3,425,000 $2,525,000 -26.3% 0.3%
Century Mortgage Company DBA Century Lending Company $1,695,000 $2,475,000 46.0% 0.3%
NBKC BANK $1,345,000 $2,450,000 82.2% 0.3%
Paramount Residential Mortgage Group, Inc. $2,310,000 $2,380,000 3.0% 0.3%
LONGBRIDGE FINANCIAL, LLC $950,000 $2,350,000 147.4% 0.3%
Carrington Mortgage Services, LLC $1,270,000 $2,075,000 63.4% 0.3%
Flagstar Bank, FSB $2,430,000 $2,000,000 -17.7% 0.3%
First Federal Bank $1,985,000 n/a 0.3%
NorthWest Plus Credit Union $855,000 $1,970,000 130.4% 0.3%
GESA $1,300,000 $1,920,000 47.7% 0.3%
The Federal Savings Bank $1,690,000 $1,860,000 10.1% 0.2%
Goldman Sachs Bank USA $1,805,000 n/a 0.2%
CANOPY MORTGAGE, LLC $1,760,000 n/a 0.2%
Coastal Community Bank $2,535,000 $1,630,000 -35.7% 0.2%
DIRECTORS MORTGAGE, INC. $2,995,000 $1,630,000 -45.6% 0.2%
Armed Forces Bank $255,000 $1,605,000 529.4% 0.2%
ON Q FINANCIAL, INC. $765,000 $1,565,000 104.6% 0.2%
MORTGAGE SOLUTIONS OF COLORADO, LLC $820,000 $1,560,000 90.2% 0.2%
SCENIC OAKS FUNDING, INC. $1,560,000 n/a 0.2%
Figure Lending LLC $825,000 $1,550,000 87.9% 0.2%
WHATCOM EDUCATIONAL CREDIT UNION $1,440,000 $1,545,000 7.3% 0.2%
Equity Prime Mortgage LLC $465,000 $1,500,000 222.6% 0.2%
FINANCE OF AMERICA REVERSE LLC $2,470,000 $1,485,000 -39.9% 0.2%
HomeStreet Bank $3,640,000 $1,480,000 -59.3% 0.2%
Citadel Servicing Corporation $460,000 $1,455,000 216.3% 0.2%
LEADERONE FINANCIAL CORPORATION $3,175,000 $1,420,000 -55.3% 0.2%
ANGEL OAK MORTGAGE SOLUTIONS LLC $1,415,000 n/a 0.2%
Cornerstone First Mortgage, Inc $1,385,000 n/a 0.2%
PRIMARY RESIDENTIAL MORTGAGE, INC. $295,000 $1,310,000 344.1% 0.2%
PLANET HOME LENDING, LLC $385,000 $1,270,000 229.9% 0.2%
PENTAGON FEDERAL CREDIT UNION $315,000 $1,250,000 296.8% 0.2%
SOUND $395,000 $1,210,000 206.3% 0.2%
MLD MORTGAGE INC. $1,140,000 n/a 0.2%
American Mortgage & Equity Consultants, Inc. $670,000 $1,100,000 64.2% 0.1%
FUNDLOANS CAPITAL $1,075,000 n/a 0.1%
HOMESIDE FINANCIAL, LLC $995,000 n/a 0.1%
NATIONWIDE EQUITIES CORPORATION $815,000 $995,000 22.1% 0.1%
Barrington Bank & Trust Company, N.A. $505,000 $975,000 93.1% 0.1%
Third Federal Savings and Loan Association of Cleveland $370,000 $970,000 162.2% 0.1%
FIRST TECHNOLOGY $1,815,000 $950,000 -47.7% 0.1%
KeyBank $4,390,000 $935,000 -78.7% 0.1%
SUMMIT FUNDING, INC. $2,225,000 $930,000 -58.2% 0.1%
PLAZA HOME MORTGAGE, INC. $895,000 n/a 0.1%
INTELLILOAN, INC. $890,000 n/a 0.1%
First Federal Savings and Loan Association of Port Angeles $245,000 $875,000 257.1% 0.1%
PHH Mortgage Corporation $520,000 $870,000 67.3% 0.1%
T2 FINANCIAL LLC $630,000 $860,000 36.5% 0.1%
Qualstar Credit Union $655,000 $855,000 30.5% 0.1%
First-Citizens Bank & Trust Company $1,010,000 $835,000 -17.3% 0.1%
SUN WEST MORTGAGE COMPANY, INC. $285,000 $830,000 191.2% 0.1%
PNC Bank $5,375,000 $815,000 -84.8% 0.1%
North Coast Credit Union $790,000 n/a 0.1%
STAR ONE CREDIT UNION $790,000 n/a 0.1%
RESIDENTIAL WHOLESALE MORTGAGE, INC. $1,135,000 $780,000 -31.3% 0.1%
First National Bank Texas $765,000 n/a 0.1%
Commerce Home Mortgage, Inc. $495,000 $740,000 49.5% 0.1%
LENDSURE MORTGAGE CORP. $740,000 n/a 0.1%
PREMIA MORTGAGE, LLC $860,000 $740,000 -14.0% 0.1%
Stifel Bank and Trust $1,200,000 $660,000 -45.0% 0.1%
NexBank $1,170,000 $655,000 -44.0% 0.1%
Firefighters First Federal Credit Union $155,000 $640,000 312.9% 0.1%
CHURCHILL MORTGAGE CORPORATION $635,000 n/a 0.1%
First Federal Savings Bank of Twin Falls $635,000 n/a 0.1%
BNY Mellon $605,000 n/a 0.1%
SPOKANE TEACHERS $75,000 $605,000 706.7% 0.1%
TEMPLE VIEW CAPITAL FUNDING, LP $605,000 n/a 0.1%
CALCON MUTUAL MORTGAGE LLC $1,165,000 $595,000 -48.9% 0.1%
BAY-VALLEY MORTGAGE GROUP $585,000 n/a 0.1%
Discover Bank $1,450,000 $585,000 -59.7% 0.1%
AMERISAVE MORTGAGE CORPORATION $1,435,000 $545,000 -62.0% 0.1%
LENOX FINANCIAL MORTGAGE CORPORATION $545,000 n/a 0.1%
Plains Commerce Bank $790,000 $535,000 -32.3% 0.1%
TRISTAR FINANCE, INC. $535,000 n/a 0.1%
AMERICAN INTERNET MORTGAGE, INC. $515,000 n/a 0.1%
Fidelity Bank $505,000 n/a 0.1%
AMERICAN FINANCING CORPORATION $265,000 $500,000 88.7% 0.1%
PENRITH HOME LOANS LLC $2,370,000 $495,000 -79.1% 0.1%
Seattle Metropolitan Credit Union $485,000 n/a 0.1%
CREDIT HUMAN FEDERAL CREDIT UNION $305,000 $475,000 55.7% 0.1%
Nations Lending Corporation $465,000 n/a 0.1%
MASON MCDUFFIE MORTGAGE CORPORATION $1,255,000 $450,000 -64.1% 0.1%
FIRST COLONY MORTGAGE CORPORATION $445,000 n/a 0.1%
ALAMEDA MORTGAGE CORPORATION $425,000 n/a 0.1%
Bethpage Federal Credit Union $625,000 $415,000 -33.6% 0.1%
Evolve Bank & Trust $405,000 n/a 0.1%
Timberland Bank $645,000 $405,000 -37.2% 0.1%
Ally Bank $395,000 n/a 0.1%
NMSI, INC. $375,000 n/a 0.0%
UNION HOME MORTGAGE CORP. $810,000 $375,000 -53.7% 0.0%
VERITY $25,000 $375,000 1,400.0% 0.0%
A&D Mortgage LLC $370,000 n/a 0.0%
AMERICAN FINANCIAL RESOURCES, INC. $490,000 $355,000 -27.6% 0.0%
BETTER MORTGAGE CORPORATION $580,000 $355,000 -38.8% 0.0%
First Financial Northwest Bank $65,000 $355,000 446.2% 0.0%
HARBORSTONE $200,000 $355,000 77.5% 0.0%
North American Savings Bank, F.S.B. $355,000 n/a 0.0%
MORTGAGE EXPRESS, LLC $335,000 n/a 0.0%
ARC HOME LLC $1,840,000 $325,000 -82.3% 0.0%
Old National Bank $325,000 n/a 0.0%
DEEPHAVEN MORTGAGE LLC $315,000 n/a 0.0%
HighTechLending Inc $315,000 n/a 0.0%
Ixonia Bank $315,000 n/a 0.0%
OAKTREE FUNDING CORP. $175,000 $315,000 80.0% 0.0%
S1L, Inc. $315,000 n/a 0.0%
Sierra Pacific Mortgage Company, Inc. $315,000 n/a 0.0%
ARK-LA-TEX FINANCIAL SERVICES, LLC. $310,000 n/a 0.0%
SPRING EQ, LLC $300,000 $305,000 1.7% 0.0%
GEORGIA'S OWN $300,000 n/a 0.0%
Farmers Bank & Trust $515,000 $285,000 -44.7% 0.0%
NETWORK CAPITAL FUNDING CORPORATION $595,000 $285,000 -52.1% 0.0%
HomeTrust Bank $180,000 $275,000 52.8% 0.0%
HOMEBRIDGE FINANCIAL SERVICES, INC. $8,620,000 $265,000 -96.9% 0.0%
Northwest Farm Credit Services, FLCA $265,000 n/a 0.0%
TRIAD FINANCIAL SERVICES, INC. $360,000 $225,000 -37.5% 0.0%
21ST MORTGAGE CORPORATION $185,000 n/a 0.0%
NEW DAY FINANCIAL, LLC $465,000 $165,000 -64.5% 0.0%
Baxter Credit Union $555,000 $105,000 -81.1% 0.0%
IDAHO CENTRAL $105,000 n/a 0.0%
LADERA LENDING, INC. $105,000 n/a 0.0%
SALAL $615,000 $105,000 -82.9% 0.0%
Bank of the Pacific $95,000 n/a 0.0%
BMO Harris Bank $2,265,000 $95,000 -95.8% 0.0%
COLUMBIA COMMUNITY CREDIT UNION $505,000 $55,000 -89.1% 0.0%
State Department Federal Credit Union $155,000 $55,000 -64.5% 0.0%
BayCoast Bank $45,000 n/a 0.0%
QUORUM FEDERAL CREDIT UNION $45,000 n/a 0.0%
RESIDENTIAL BANCORP $45,000 n/a 0.0%
Sound Community Bank $185,000 $25,000 -86.5% 0.0%

Oak Harbor's top lender by overall market share is UNITED WHOLESALE MORTGAGE, LLC, with 7.5% market share. In second place, with 6.7%, is CMG MORTGAGE, INC., having originated $50,220,000 in loans. In third place, with 6.5%, is GUILD MORTGAGE COMPANY, having originated $49,005,000 in loans. In fourth place, with 5.3%, is QUICKEN LOANS, LLC, having originated $40,190,000 in loans. In fifth place, with 5.0%, is NAVY FEDERAL CREDIT UNION, having originated $37,830,000 in loans.

Oak Harbor, WA Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 1,049 $508,425,000 $484,676
Home Improvement 269 $37,475,000 $139,312
Refi 256 $95,270,000 $372,148
Cash Out Refi 249 $79,565,000 $319,538
Other 226 $32,890,000 $145,531
NA 1 $345,000 $345,000

Oak Harbor's most frequently cited loan purpose was Home Purchase, with 1,049 originations. The 2nd most popular reason was Home Improvement, with 269 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
6-7% 712 $320,790,000 $450,548
Over 8% 566 $90,870,000 $160,548
5-6% 337 $164,445,000 $487,967
7-8% 336 $144,660,000 $430,536
4-5% 24 $10,800,000 $450,000
<2.5% 22 $2,630,000 $119,545
2.5-3% 14 $5,060,000 $361,429
3-4% 3 $995,000 $331,667

During 2024, Oak Harbor's most frequently originated rate bucket was 6-7%, with 712 originations.

Loan Sizing (Oak Harbor, WA MSA)

Loan Size Originations Total Value Average Loan
$400k-600k 627 $304,885,000 $486,260
$200k-400k 532 $163,120,000 $306,617
$100,000 or less 336 $18,740,000 $55,774
$100k-200k 273 $36,285,000 $132,912
$600k-1000k 236 $171,510,000 $726,737
$Over $1MM 46 $59,430,000 $1,291,957

Oak Harbor's loan sizing saw the bucket of loans from $400k-600k with 627 originations, totaling $304,885,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 511 $264,435,000 $517,485
Under 20% 478 $40,270,000 $84,247
60-80% 364 $192,560,000 $529,011
20-40% 267 $65,835,000 $246,573
40-60% 240 $101,850,000 $424,375
Over 100% 118 $57,780,000 $489,661

Oak Harbor's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 511 originations, totaling $264,435,000 in origination value.