Othello Mortgage Rates & Closing Costs

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

30 Year Fixed Rate mortgages in Othello averaged 7.13% for the week of 2025-04-24, compared to the national average of 6.81% for the same period.

The average rate for the prior week (2025-04-17) was 7.05% and one month ago for the week of 2025-03-20, the average rate was 6.79%.

Othello's average rate one year ago was 7.02%.

For refis of the same type during the week of 2025-04-24, the average rate was 7.01%.

Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Othello, WA.

Othello 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 Othello, 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
GESA 15 6.92% $5,933
GUILD MORTGAGE COMPANY 8 6.92% $7,171
1st Security Bank of Washington 7 6.38% $13,896
UNITED WHOLESALE MORTGAGE, LLC 5 6.83% $8,996
PRIMELENDING, A PLAINSCAPITAL COMPANY 4 6.59% $7,325
QUICKEN LOANS, LLC 4 6.50% $4,922
Boeing Employees Credit Union 3 6.08% $4,153
AMERICAN PACIFIC MORTGAGE CORPORATION 2 6.75% $10,536
The Loan Store, Inc. 2 7.75% $5,953
CMG MORTGAGE, INC. 2 6.56% $5,587
LENDSURE MORTGAGE CORP. 1 8.50% $8,150
MOVEMENT MORTGAGE, LLC 1 5.88% $5,928
NUMERICA CREDIT UNION 1 7.88% $4,696
OCMBC, INC. 1 8.50% $10,032
PROVIDENT FUNDING ASSOCIATES, L.P. 1 6.88% $5,138
T2 FINANCIAL LLC 1 7.50% $7,285
Umpqua Bank 1 7.63% $3,671
Wallick & Volk, Inc. 1 6.50% $812
WASHINGTON STATE EMPLOYEES Credit Union 1 6.75% $2,504
Washington Trust Bank 1 7.00% $10,121
Wells Fargo Bank 1 6.25% $6,047
ZILLOW HOME LOANS, LLC 1 7.13% $7,895
Century Mortgage Company DBA Century Lending Company 1 7.50% $2,837
CHURCHILL MORTGAGE CORPORATION 1 8.13% $9,016
Citadel Servicing Corporation 1 7.13% $11,858
Cornerstone First Mortgage, Inc 1 7.38% $4,937
CROSSCOUNTRY MORTGAGE, LLC 1 7.50% $6,640
EVERGREEN MONEYSOURCE MORTGAGE COMPANY 1 6.99% $8,294
First Interstate Bank 1 7.13% $11,470
HORIZON 1 8.25% $6,147
JPMorgan Chase Bank 1 6.49% $0

Othello Average Closing Costs & Other Stats

Othello, WA's 31 lenders originated 264 loans during 2024. The total origination value was $69,840,000, with an average loan value of $264,545.

Othello's average closing costs are $6,762.

The top Othello lender as defined by loan originations is GESA, with 15 loans originated. Their average total fees are $5,933, which is $1,238 lower than the next largest lender, GUILD MORTGAGE COMPANY.

The lowest fee Othello lenders (with over 10 loans originated) are GESA ($5,933), .

The lowest rate Othello lenders (with over 10 loans originated) are GESA (6.92%), .

Othello, 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
Yakima Federal Savings and Loan Association $9,475,000 n/a 13.6%
GUILD MORTGAGE COMPANY $7,070,000 $8,725,000 23.4% 12.5%
1st Security Bank of Washington $7,250,000 n/a 10.4%
UNITED WHOLESALE MORTGAGE, LLC $2,740,000 $6,030,000 120.1% 8.6%
GESA $2,780,000 $5,890,000 111.9% 8.4%
SPOKANE TEACHERS $5,190,000 $3,095,000 -40.4% 4.4%
QUICKEN LOANS, LLC $2,945,000 $2,360,000 -19.9% 3.4%
Umpqua Bank $2,380,000 $1,740,000 -26.9% 2.5%
PRIMELENDING, A PLAINSCAPITAL COMPANY $1,520,000 $1,540,000 1.3% 2.2%
PENNYMAC LOAN SERVICES, LLC $55,000 $1,270,000 2,209.1% 1.8%
OCMBC, INC. $1,225,000 n/a 1.8%
U.S. Bank $1,335,000 $1,100,000 -17.6% 1.6%
The Loan Store, Inc. $985,000 n/a 1.4%
CARDINAL FINANCIAL $2,370,000 $930,000 -60.8% 1.3%
AMERICAN INTERNET MORTGAGE, INC. $895,000 n/a 1.3%
MOVEMENT MORTGAGE, LLC $265,000 $865,000 226.4% 1.2%
AMERICAN PACIFIC MORTGAGE CORPORATION $350,000 $835,000 138.6% 1.2%
CHURCHILL MORTGAGE CORPORATION $715,000 $835,000 16.8% 1.2%
Cornerstone First Mortgage, Inc $795,000 n/a 1.1%
FREEDOM MORTGAGE CORPORATION $285,000 $790,000 177.2% 1.1%
NEWREZ LLC $995,000 $775,000 -22.1% 1.1%
LOANDEPOT.COM, LLC $240,000 $760,000 216.7% 1.1%
First Interstate Bank $720,000 n/a 1.0%
CMG MORTGAGE, INC. $515,000 $670,000 30.1% 1.0%
Boeing Employees Credit Union $315,000 $655,000 107.9% 0.9%
EVERGREEN MONEYSOURCE MORTGAGE COMPANY $1,625,000 $615,000 -62.2% 0.9%
Banner Bank $1,360,000 $575,000 -57.7% 0.8%
Washington Trust Bank $50,000 $545,000 990.0% 0.8%
BROKER SOLUTIONS, INC. $485,000 n/a 0.7%
AMERICAN FINANCING CORPORATION $405,000 n/a 0.6%
Sierra Pacific Mortgage Company, Inc. $635,000 $355,000 -44.1% 0.5%
FINANCE OF AMERICA REVERSE LLC $350,000 n/a 0.5%
WASHINGTON STATE EMPLOYEES Credit Union $350,000 n/a 0.5%
ZILLOW HOME LOANS, LLC $325,000 n/a 0.5%
USAA Federal Savings Bank $315,000 n/a 0.5%
T2 FINANCIAL LLC $295,000 n/a 0.4%
JPMorgan Chase Bank $310,000 $285,000 -8.1% 0.4%
LOANPAL, LLC $285,000 n/a 0.4%
HAPO COMMUNITY CREDIT UNION $85,000 $280,000 229.4% 0.4%
SIRVA MORTGAGE, INC. $445,000 $275,000 -38.2% 0.4%
CANOPY MORTGAGE, LLC $265,000 n/a 0.4%
Wells Fargo Bank $85,000 $255,000 200.0% 0.4%
CROSSCOUNTRY MORTGAGE, LLC $245,000 n/a 0.4%
HORIZON $515,000 $230,000 -55.3% 0.3%
21ST MORTGAGE CORPORATION $225,000 n/a 0.3%
Barrington Bank & Trust Company, N.A. $225,000 $225,000 0.0% 0.3%
HOMEBRIDGE FINANCIAL SERVICES, INC. $145,000 $225,000 55.2% 0.3%
Wallick & Volk, Inc. $225,000 n/a 0.3%
Citadel Servicing Corporation $380,000 $215,000 -43.4% 0.3%
LENDSURE MORTGAGE CORP. $215,000 n/a 0.3%
PROVIDENT FUNDING ASSOCIATES, L.P. $195,000 n/a 0.3%
DIAMOND RESIDENTIAL MORTGAGE CORPORATION $180,000 n/a 0.3%
NUMERICA CREDIT UNION $835,000 $180,000 -78.4% 0.3%
PLANET HOME LENDING, LLC $165,000 n/a 0.2%
First National Bank of America $530,000 $155,000 -70.8% 0.2%
Mortgage Research Center, LLC $145,000 n/a 0.2%
Century Mortgage Company DBA Century Lending Company $105,000 n/a 0.2%
IDAHO CENTRAL $85,000 n/a 0.1%
SPRING EQ, LLC $55,000 $75,000 36.4% 0.1%
Rivermark Community Credit Union $65,000 n/a 0.1%
Mr. Cooper ( Nationstar Mortgage ) $245,000 $45,000 -81.6% 0.1%
ROYAL UNITED MORTGAGE LLC $65,000 $35,000 -46.2% 0.1%
AMERISAVE MORTGAGE CORPORATION $25,000 n/a 0.0%

Othello's top lender by overall market share is Yakima Federal Savings and Loan Association, with 13.6% market share. In second place, with 12.5%, is GUILD MORTGAGE COMPANY, having originated $8,725,000 in loans. In third place, with 10.4%, is 1st Security Bank of Washington, having originated $7,250,000 in loans. In fourth place, with 8.6%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $6,030,000 in loans. In fifth place, with 8.4%, is GESA, having originated $5,890,000 in loans.


Othello Housing Market Trends (Median, Average Prices & Listing Count)

Realtor.com - Othello (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
2018-01-01 $165,000 (25.2%) $196,195 (33.2%) 0.00 26
2018-02-01 $155,750 (42.9%) $180,403 (43.3%) 0.00 22
2018-03-01 $154,000 (37.8%) $172,823 (22.0%) 0.00 23
2018-04-01 $153,000 (38.5%) $174,502 (14.5%) 0.00 27
2018-05-01 $159,500 (49.1%) $182,981 (14.2%) 0.00 30
2018-06-01 $187,500 (73.6%) $219,032 (32.5%) 0.00 33
2018-07-01 $167,500 (35.2%) $209,928 (21.9%) 0.00 40
2018-08-01 $187,725 (20.0%) $235,200 (27.6%) 0.00 39
2018-09-01 $183,500 (5.5%) $234,375 (19.1%) 0.00 40
2018-10-01 $190,750 (3.7%) $229,345 (13.9%) 0.00 37
2018-11-01 $195,500 (6.3%) $227,424 (16.4%) 0.00 35
2018-12-01 $193,000 (10.0%) $242,765 (22.5%) 0.00 31
2019-01-01 $170,000 (3.0%) $227,021 (15.7%) 0.00 34
2019-02-01 $161,175 (3.5%) $216,276 (19.9%) 0.00 37
2019-03-01 $153,871 (-0.1%) $222,173 (28.6%) 0.00 30
2019-04-01 $170,171 (11.2%) $225,207 (29.1%) 0.00 30
2019-05-01 $166,250 (4.2%) $215,735 (17.9%) 0.00 31
2019-06-01 $170,000 (-9.3%) $211,119 (-3.6%) 0.00 38
2019-07-01 $170,000 (1.5%) $216,536 (3.2%) 0.00 39
2019-08-01 $176,818 (-5.8%) $218,275 (-7.2%) 0.00 42
2019-09-01 $173,545 (-5.4%) $214,388 (-8.5%) 0.00 47
2019-10-01 $169,250 (-11.3%) $211,426 (-7.8%) 0.00 47
2019-11-01 $169,950 (-13.1%) $214,715 (-5.6%) 0.00 36
2019-12-01 $174,950 (-9.4%) $214,717 (-11.6%) 0.00 39
2020-01-01 $193,600 (13.9%) $216,346 (-4.7%) 0.00 36
2020-02-01 $199,500 (23.8%) $219,422 (1.5%) 0.00 29
2020-03-01 $189,950 (23.5%) $236,238 (6.3%) 0.00 25
2020-04-01 $199,500 (17.2%) $238,527 (5.9%) 0.00 21
2020-05-01 $202,000 (21.5%) $228,673 (6.0%) 0.00 22
2020-06-01 $201,108 (18.3%) $228,222 (8.1%) 0.00 27
2020-07-01 $225,000 (32.4%) $228,578 (5.6%) 0.00 37
2020-08-01 $233,000 (31.8%) $225,527 (3.3%) 0.00 50
2020-09-01 $237,021 (36.6%) $233,656 (9.0%) 0.00 59
2020-10-01 $239,221 (41.3%) $234,482 (10.9%) 0.00 56
2020-11-01 $218,453 (28.5%) $226,908 (5.7%) 0.00 20
2020-12-01 $212,450 (21.4%) $235,915 (9.9%) 0.00 16
2021-01-01 $265,000 (36.9%) $251,715 (16.4%) 0.00 13
2021-02-01 $273,750 (37.2%) $266,623 (21.5%) 0.00 13
2021-03-01 $253,748 (33.6%) $247,533 (4.8%) 0.00 12
2021-04-01 $255,000 (27.8%) $272,504 (14.2%) 0.00 14
2021-05-01 $275,000 (36.1%) $317,143 (38.7%) 0.00 13
2021-06-01 $277,498 (38.0%) $305,449 (33.8%) 0.00 18
2021-07-01 $289,255 (28.6%) $332,479 (45.5%) 0.00 20
2021-08-01 $291,755 (25.2%) $347,383 (54.0%) 0.00 23
2021-09-01 $304,814 (28.6%) $355,671 (52.2%) 0.00 30
2021-10-01 $309,521 (29.4%) $362,562 (54.6%) 0.00 28
2021-11-01 $296,255 (35.6%) $351,939 (55.1%) 0.00 33
2021-12-01 $293,491 (38.2%) $361,240 (53.1%) 0.00 31
2022-01-01 $324,543 (22.5%) $375,393 (49.1%) 0.00 23
2022-02-01 $349,199 (27.6%) $377,960 (41.8%) 0.00 20
2022-03-01 $348,245 (37.2%) $403,059 (62.8%) 0.00 18
2022-04-01 $327,498 (28.4%) $386,210 (41.7%) 0.00 19
2022-05-01 $308,000 (12.0%) $361,445 (14.0%) 0.00 27
2022-06-01 $298,000 (7.4%) $352,852 (15.5%) 0.00 30
2022-07-01 $310,000 (7.2%) $365,861 (10.0%) 0.00 35
2022-08-01 $338,800 (16.1%) $362,690 (4.4%) 0.00 55
2022-09-01 $338,800 (11.2%) $355,565 (0.0%) 0.00 56
2022-10-01 $338,800 (9.5%) $358,303 (-1.2%) 0.00 55
2022-11-01 $332,500 (12.2%) $355,018 (0.9%) 0.00 50
2022-12-01 $338,800 (15.4%) $358,890 (-0.7%) 0.00 41
2023-01-01 $338,800 (4.4%) $366,021 (-2.5%) 0.00 41
2023-02-01 $349,650 (0.1%) $388,064 (2.7%) 0.00 43
2023-03-01 $355,400 (2.1%) $385,027 (-4.5%) 0.00 43
2023-04-01 $384,900 (17.5%) $400,501 (3.7%) 0.00 40
2023-05-01 $378,725 (23.0%) $425,041 (17.6%) 0.00 40
2023-06-01 $367,050 (23.2%) $417,972 (18.5%) 0.00 36
2023-07-01 $362,000 (16.8%) $407,851 (11.5%) 0.00 39
2023-08-01 $341,800 (0.9%) $390,124 (7.6%) 0.00 38
2023-09-01 $339,000 (0.1%) $410,477 (15.4%) 0.00 43
2023-10-01 $375,000 (10.7%) $426,763 (19.1%) 0.00 49
2023-11-01 $365,000 (9.8%) $416,631 (17.4%) 0.00 51
2023-12-01 $388,000 (14.5%) $438,371 (22.2%) 0.00 44
2024-01-01 $388,000 (14.5%) $436,898 (19.4%) 0.00 42
2024-02-01 $364,825 (4.3%) $400,461 (3.2%) 0.00 39
2024-03-01 $359,650 (1.2%) $378,124 (-1.8%) 0.00 40
2024-04-01 $353,225 (-8.2%) $355,146 (-11.3%) 0.00 45
2024-05-01 $330,000 (-12.9%) $345,008 (-18.8%) 0.00 48
2024-06-01 $330,000 (-10.1%) $359,858 (-13.9%) 0.00 45
2024-07-01 $344,925 (-4.7%) $366,799 (-10.1%) 0.00 51
2024-08-01 $335,000 (-2.0%) $361,817 (-7.3%) 0.00 58
2024-09-01 $348,900 (2.9%) $361,524 (-11.9%) 0.00 59
2024-10-01 $357,475 (-4.7%) $371,445 (-13.0%) 0.00 55
2024-11-01 $367,495 (0.7%) $382,461 (-8.2%) 0.00 50
2024-12-01 $358,749 (-7.5%) $396,579 (-9.5%) 0.00 44
2025-01-01 $359,974 (-7.2%) $407,060 (-6.8%) 0.00 39
2025-02-01 $362,250 (-0.7%) $420,175 (4.9%) 0.00 34
2025-03-01 $369,000 (2.6%) $422,056 (11.6%) 0.00 33
Othello's median listing price for 2025-03-01 was $369,000, a difference of $9,350 (2.6%) versus the prior year and $6,750 versus the prior month.

Othello's median listing price comes in at 0% of the national average.

Othello's average listing price for 2025-03-01 was $422,056, a difference of $43,932 (11.6%) versus the prior year and $1,881 versus the prior month.

For the 2025-03-01 period, Othello had 33 MLS listings, a difference of -1 listings (-3%) versus the prior month and -7 listings (-18%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Othello (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 2,112 sqft
2018-02-01 0 days 1,976 sqft
2018-03-01 0 days 1,710 sqft
2018-04-01 0 days 1,841 sqft
2018-05-01 0 days 1,836 sqft
2018-06-01 0 days 1,844 sqft
2018-07-01 0 days 1,851 sqft
2018-08-01 0 days 1,952 sqft
2018-09-01 0 days 1,963 sqft
2018-10-01 0 days 1,884 sqft
2018-11-01 0 days 1,863 sqft
2018-12-01 0 days 1,824 sqft
2019-01-01 0 days 1,798 sqft
2019-02-01 0 days 1,687 sqft
2019-03-01 0 days 1,732 sqft
2019-04-01 0 days 1,746 sqft
2019-05-01 0 days 1,804 sqft
2019-06-01 0 days 1,793 sqft
2019-07-01 0 days 1,755 sqft
2019-08-01 0 days 1,791 sqft
2019-09-01 0 days 1,771 sqft
2019-10-01 0 days 1,757 sqft
2019-11-01 0 days 1,840 sqft
2019-12-01 0 days 1,755 sqft
2020-01-01 0 days 1,721 sqft
2020-02-01 0 days 1,867 sqft
2020-03-01 0 days 2,197 sqft
2020-04-01 0 days 1,945 sqft
2020-05-01 0 days 1,680 sqft
2020-06-01 0 days 1,528 sqft
2020-07-01 0 days 1,505 sqft
2020-08-01 0 days 1,411 sqft
2020-09-01 0 days 1,416 sqft
2020-10-01 0 days 1,472 sqft
2020-11-01 0 days 1,517 sqft
2020-12-01 0 days 1,472 sqft
2021-01-01 0 days 1,597 sqft
2021-02-01 0 days 1,750 sqft
2021-03-01 0 days 1,718 sqft
2021-04-01 0 days 1,779 sqft
2021-05-01 0 days 1,724 sqft
2021-06-01 0 days 1,553 sqft
2021-07-01 0 days 1,586 sqft
2021-08-01 0 days 1,657 sqft
2021-09-01 0 days 1,649 sqft
2021-10-01 0 days 1,672 sqft
2021-11-01 0 days 1,666 sqft
2021-12-01 0 days 1,680 sqft
2022-01-01 0 days 1,744 sqft
2022-02-01 0 days 1,813 sqft
2022-03-01 0 days 1,849 sqft
2022-04-01 0 days 2,070 sqft
2022-05-01 0 days 2,023 sqft
2022-06-01 0 days 1,965 sqft
2022-07-01 0 days 1,964 sqft
2022-08-01 0 days 1,657 sqft
2022-09-01 0 days 1,695 sqft
2022-10-01 0 days 1,744 sqft
2022-11-01 0 days 1,695 sqft
2022-12-01 0 days 1,580 sqft
2023-01-01 0 days 1,657 sqft
2023-02-01 0 days 1,817 sqft
2023-03-01 0 days 1,752 sqft
2023-04-01 0 days 1,885 sqft
2023-05-01 0 days 1,926 sqft
2023-06-01 0 days 1,899 sqft
2023-07-01 0 days 1,972 sqft
2023-08-01 0 days 1,933 sqft
2023-09-01 0 days 1,944 sqft
2023-10-01 0 days 1,868 sqft
2023-11-01 0 days 1,811 sqft
2023-12-01 0 days 1,821 sqft
2024-01-01 0 days 1,744 sqft
2024-02-01 0 days 1,741 sqft
2024-03-01 0 days 1,744 sqft
2024-04-01 0 days 1,690 sqft
2024-05-01 0 days 1,718 sqft
2024-06-01 0 days 1,842 sqft
2024-07-01 0 days 1,903 sqft
2024-08-01 0 days 1,798 sqft
2024-09-01 0 days 1,710 sqft
2024-10-01 0 days 1,759 sqft
2024-11-01 0 days 1,800 sqft
2024-12-01 0 days 1,764 sqft
2025-01-01 0 days 1,793 sqft
2025-02-01 0 days 2,117 sqft
2025-03-01 0 days 2,145 sqft
Othello's median listing age (time on market) for 2025-03-01 was 0 days.

Othello's median square footage for active listings during the 2025-03-01 period was 2,145 sqft. One year prior, the average listing was 1,744 sqft.

Othello, WA Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 150 $49,940,000 $332,933
Cash Out Refi 43 $9,125,000 $212,209
Refi 28 $6,030,000 $215,357
Home Improvement 25 $2,635,000 $105,400
Other 18 $2,110,000 $117,222

Othello's most frequently cited loan purpose was Home Purchase, with 150 originations. The 2nd most popular reason was Cash Out Refi, with 43 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
6-7% 89 $25,435,000 $285,787
Over 8% 63 $8,845,000 $140,397
7-8% 44 $11,340,000 $257,727
5-6% 42 $21,260,000 $506,190
<2.5% 16 $200,000 $12,500
4-5% 8 $2,590,000 $323,750
2.5-3% 1 $155,000 $155,000

During 2024, Othello's most frequently originated rate bucket was 6-7%, with 89 originations.

Loan Sizing (Othello, WA MSA)

Loan Size Originations Total Value Average Loan
$200k-400k 130 $37,120,000 $285,538
$100,000 or less 57 $2,805,000 $49,211
$100k-200k 52 $8,190,000 $157,500
$400k-600k 20 $9,110,000 $455,500
$600k-1000k 3 $2,015,000 $671,667
$Over $1MM 2 $10,600,000 $5,300,000

Othello's loan sizing saw the bucket of loans from $200k-400k with 130 originations, totaling $37,120,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 113 $36,265,000 $320,929
60-80% 53 $12,985,000 $245,000
Under 20% 38 $1,260,000 $33,158
20-40% 30 $3,710,000 $123,667
40-60% 21 $3,855,000 $183,571
Over 100% 5 $10,935,000 $2,187,000

Othello's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 113 originations, totaling $36,265,000 in origination value.