Sandpoint Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Sandpoint averaged
7.02%
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
6.85% and
one month ago for the week of 2024-10-03, the
average rate was 6.25%.
Sandpoint's average rate one year ago was 7.69%.
For refis of the same type during the week of 2024-11-07, the average rate
was 7.29%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2024-11-07 | 6.79% |
| Sandpoint 30 Year Fixed Rate | 2024-11-07 | 7.02% |
| Sandpoint 30 Year Fixed Rate Refi | 2024-11-07 | 7.29% |
| Sandpoint 15 Year Fixed Rate | 2024-11-07 | 6% |
| Sandpoint 15 Year Fixed Rate Refi | 2024-11-07 | 6.3% |
| Sandpoint 30 Year FHA | 2024-11-07 | 6.33% |
| Sandpoint 30 Year FHA Refi | 2024-11-07 | 6.63% |
| Sandpoint 30 Year USDA | 2024-11-07 | 6.68% |
| Sandpoint 30 Year USDA Refi | 2024-11-07 | 6.48% |
| Sandpoint 30 Year VA | 2024-11-07 | 6.14% |
| Sandpoint 30 Year VA Refi | 2024-11-07 | 6.24% |
Sandpoint 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 Sandpoint, ID 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.).
Sandpoint Average Closing Costs & Other Stats
Sandpoint, ID's 92 lenders originated 1,164
loans during 2023. The total origination value was $408,320,000, with an average loan value of
$350,790.
Sandpoint's average closing costs are $6,878.
The top Sandpoint lender as defined by loan originations is Glacier Bank, with
74 loans originated. Their average total fees are
$11,835, which is $966
higher than the next largest lender,
Willamette Valley Bank.
The lowest fee Sandpoint lenders (with over 10 loans originated) are
GUARANTEED RATE, INC. ($6,777), IDAHO CENTRAL ($8,271), U.S. Bank ($8,473), PRIMELENDING, A PLAINSCAPITAL COMPANY ($8,863) and QUICKEN LOANS, LLC ($9,188).
The lowest rate Sandpoint lenders (with over 10 loans originated) are
Willamette Valley Bank (6.57%), QUICKEN LOANS, LLC (6.58%), U.S. Bank (6.61%), PRIMELENDING, A PLAINSCAPITAL COMPANY (6.65%) and GUARANTEED RATE, INC. (6.66%).
Sandpoint, ID 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 |
|---|---|---|---|---|
| Glacier Bank | $112,830,000 | $53,160,000 | -52.9% | 13.0% |
| EVERGREEN MONEYSOURCE MORTGAGE COMPANY | $32,030,000 | $23,335,000 | -27.1% | 5.7% |
| Willamette Valley Bank | $34,325,000 | $20,535,000 | -40.2% | 5.0% |
| IDAHO CENTRAL | $29,265,000 | $19,775,000 | -32.4% | 4.8% |
| QUICKEN LOANS, LLC | $28,965,000 | $15,430,000 | -46.7% | 3.8% |
| U.S. Bank | $21,370,000 | $13,885,000 | -35.0% | 3.4% |
| Washington Trust Bank | $20,175,000 | $13,865,000 | -31.3% | 3.4% |
| UNITED WHOLESALE MORTGAGE, LLC | $16,845,000 | $13,230,000 | -21.5% | 3.2% |
| SPOKANE TEACHERS | $29,480,000 | $11,665,000 | -60.4% | 2.9% |
| Boeing Employees Credit Union | $3,220,000 | $8,500,000 | 164.0% | 2.1% |
| Potlatch No. 1 Financial Credit Union | $17,710,000 | $7,965,000 | -55.0% | 2.0% |
| Umpqua Bank | $11,135,000 | $7,930,000 | -28.8% | 1.9% |
| NUMERICA CREDIT UNION | $15,980,000 | $7,710,000 | -51.8% | 1.9% |
| GUARANTEED RATE, INC. | $20,930,000 | $7,080,000 | -66.2% | 1.7% |
| BMO Harris Bank | $580,000 | $6,200,000 | 969.0% | 1.5% |
| LOANDEPOT.COM, LLC | $12,510,000 | $5,880,000 | -53.0% | 1.4% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $11,440,000 | $5,800,000 | -49.3% | 1.4% |
| Banner Bank | $6,915,000 | $5,745,000 | -16.9% | 1.4% |
| HIGHLANDS RESIDENTIAL MORTGAGE, LTD. | $2,855,000 | $5,210,000 | 82.5% | 1.3% |
| NAVY FEDERAL CREDIT UNION | $2,460,000 | $5,005,000 | 103.5% | 1.2% |
| UBS Bank USA | $1,450,000 | $4,535,000 | 212.8% | 1.1% |
| CMG MORTGAGE, INC. | $1,210,000 | $4,485,000 | 270.7% | 1.1% |
| Wells Fargo Bank | $14,660,000 | $4,450,000 | -69.6% | 1.1% |
| JPMorgan Chase Bank | $9,715,000 | $4,335,000 | -55.4% | 1.1% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $4,190,000 | $4,315,000 | 3.0% | 1.1% |
| PRIORITY HOME LENDING, LLC | $1,095,000 | $4,100,000 | 274.4% | 1.0% |
| MOVEMENT MORTGAGE, LLC | $1,110,000 | $3,875,000 | 249.1% | 0.9% |
| Citibank | $3,835,000 | n/a | 0.9% | |
| Bank of America | $4,425,000 | $3,735,000 | -15.6% | 0.9% |
| EVERETT FINANCIAL, INC. | $1,025,000 | $3,725,000 | 263.4% | 0.9% |
| Sunflower Bank | $3,720,000 | $3,540,000 | -4.8% | 0.9% |
| Flagstar Bank, FSB | $7,225,000 | $3,240,000 | -55.2% | 0.8% |
| PREMIER MORTGAGE RESOURCES, L.L.C. | $6,965,000 | $2,990,000 | -57.1% | 0.7% |
| HORIZON | $8,325,000 | $2,985,000 | -64.1% | 0.7% |
| 1st Security Bank of Washington | $2,035,000 | $2,775,000 | 36.4% | 0.7% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $12,270,000 | $2,775,000 | -77.4% | 0.7% |
| First Interstate Bank | $15,015,000 | $2,710,000 | -82.0% | 0.7% |
| FINANCE OF AMERICA REVERSE LLC | $2,525,000 | $2,660,000 | 5.3% | 0.7% |
| Commerce Home Mortgage, Inc. | $1,865,000 | $2,525,000 | 35.4% | 0.6% |
| Heritage Bank | $2,520,000 | n/a | 0.6% | |
| GESA | $11,165,000 | $2,470,000 | -77.9% | 0.6% |
| Platinum Home Mortgage Corporation | $5,320,000 | $2,350,000 | -55.8% | 0.6% |
| PLANET HOME LENDING, LLC | $235,000 | $2,290,000 | 874.5% | 0.6% |
| Mortgage Research Center, LLC | $2,455,000 | $2,155,000 | -12.2% | 0.5% |
| LENDSURE MORTGAGE CORP. | $995,000 | $2,045,000 | 105.5% | 0.5% |
| PENNYMAC LOAN SERVICES, LLC | $3,970,000 | $2,030,000 | -48.9% | 0.5% |
| CROSSCOUNTRY MORTGAGE, LLC | $3,085,000 | $2,005,000 | -35.0% | 0.5% |
| American Mortgage & Equity Consultants, Inc. | $1,950,000 | n/a | 0.5% | |
| Paramount Residential Mortgage Group, Inc. | $2,015,000 | $1,940,000 | -3.7% | 0.5% |
| Washington Federal Bank | $10,185,000 | $1,885,000 | -81.5% | 0.5% |
| T2 FINANCIAL LLC | $1,310,000 | $1,865,000 | 42.4% | 0.5% |
| Alaska USA Federal Credit Union | $5,265,000 | $1,715,000 | -67.4% | 0.4% |
| Cache Valley Bank | $1,635,000 | n/a | 0.4% | |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $6,680,000 | $1,595,000 | -76.1% | 0.4% |
| GUILD MORTGAGE COMPANY | $4,195,000 | $1,550,000 | -63.1% | 0.4% |
| DEEPHAVEN MORTGAGE LLC | $1,330,000 | n/a | 0.3% | |
| RED CANOE CREDIT UNION | $35,000 | $1,315,000 | 3,657.1% | 0.3% |
| First National Bank of America | $1,240,000 | n/a | 0.3% | |
| Wheatland Bank | $1,230,000 | n/a | 0.3% | |
| ACADEMY MORTGAGE CORPORATION | $3,445,000 | $1,195,000 | -65.3% | 0.3% |
| Mr. Cooper ( Nationstar Mortgage ) | $3,030,000 | $1,175,000 | -61.2% | 0.3% |
| Morgan Stanley Private Bank | $1,160,000 | n/a | 0.3% | |
| CARDINAL FINANCIAL | $1,055,000 | $1,125,000 | 6.6% | 0.3% |
| AMERISAVE MORTGAGE CORPORATION | $2,490,000 | $1,105,000 | -55.6% | 0.3% |
| Charles Schwab Bank, SSB | $325,000 | $1,040,000 | 220.0% | 0.3% |
| AmeriHome Mortgage Company, LLC | $365,000 | $1,015,000 | 178.1% | 0.2% |
| Northpointe Bank | $420,000 | $985,000 | 134.5% | 0.2% |
| Stifel Bank and Trust | $1,915,000 | $975,000 | -49.1% | 0.2% |
| The Loan Store, Inc. | $920,000 | n/a | 0.2% | |
| BROKER SOLUTIONS, INC. | $2,415,000 | $880,000 | -63.6% | 0.2% |
| MOUNTAIN AMERICA | $855,000 | $875,000 | 2.3% | 0.2% |
| KeyBank | $2,760,000 | $830,000 | -69.9% | 0.2% |
| FIRST TECHNOLOGY | $815,000 | n/a | 0.2% | |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $505,000 | $785,000 | 55.4% | 0.2% |
| NEWREZ LLC | $1,380,000 | $760,000 | -44.9% | 0.2% |
| Northwest Farm Credit Services, FLCA | $325,000 | $760,000 | 133.8% | 0.2% |
| Citadel Servicing Corporation | $755,000 | n/a | 0.2% | |
| CORNERSTONE HOME LENDING, INC. | $605,000 | $745,000 | 23.1% | 0.2% |
| FREEDOM MORTGAGE CORPORATION | $2,055,000 | $740,000 | -64.0% | 0.2% |
| BOKF | $325,000 | $725,000 | 123.1% | 0.2% |
| NOVA FINANCIAL & INVESTMENT CORPORATION | $725,000 | n/a | 0.2% | |
| Century Mortgage Company DBA Century Lending Company | $1,590,000 | $720,000 | -54.7% | 0.2% |
| USAA Federal Savings Bank | $1,640,000 | $710,000 | -56.7% | 0.2% |
| PREMIER LENDING, INC. | $345,000 | $650,000 | 88.4% | 0.2% |
| BETTER MORTGAGE CORPORATION | $1,290,000 | $620,000 | -51.9% | 0.2% |
| Zions Bank | $1,470,000 | $620,000 | -57.8% | 0.2% |
| PACIFIC RESIDENTIAL MORTGAGE, LLC | $355,000 | $555,000 | 56.3% | 0.1% |
| ENVOY MORTGAGE, LTD | $445,000 | $540,000 | 21.3% | 0.1% |
| NFM, INC. | $545,000 | $540,000 | -0.9% | 0.1% |
| LONGBRIDGE FINANCIAL, LLC | $830,000 | $510,000 | -38.6% | 0.1% |
| BAY EQUITY LLC | $1,805,000 | $495,000 | -72.6% | 0.1% |
| Discover Bank | $400,000 | $490,000 | 22.5% | 0.1% |
| S1L, Inc. | $1,400,000 | $485,000 | -65.4% | 0.1% |
| CHURCHILL MORTGAGE CORPORATION | $1,050,000 | $460,000 | -56.2% | 0.1% |
| Farmers Bank & Trust | $435,000 | n/a | 0.1% | |
| Ixonia Bank | $430,000 | n/a | 0.1% | |
| HomeTrust Bank | $510,000 | $410,000 | -19.6% | 0.1% |
| ITHINK FINANCIAL Credit Union | $395,000 | n/a | 0.1% | |
| SUMMIT FUNDING, INC. | $795,000 | $395,000 | -50.3% | 0.1% |
| AXIA FINANCIAL, LLC | $385,000 | n/a | 0.1% | |
| GSF Mortgage Corporation | $385,000 | n/a | 0.1% | |
| MANN FINANCIAL INC. | $4,295,000 | $385,000 | -91.0% | 0.1% |
| Fidelity Bank | $365,000 | n/a | 0.1% | |
| LADERA LENDING, INC. | $205,000 | $365,000 | 78.0% | 0.1% |
| PNC Bank | $170,000 | $360,000 | 111.8% | 0.1% |
| PHH Mortgage Corporation | $1,290,000 | $350,000 | -72.9% | 0.1% |
| TRISTAR FINANCE, INC. | $335,000 | $345,000 | 3.0% | 0.1% |
| LEADERONE FINANCIAL CORPORATION | $990,000 | $325,000 | -67.2% | 0.1% |
| Summit Mortgage Corporation | $315,000 | n/a | 0.1% | |
| TOP FLITE FINANCIAL, INC. | $290,000 | n/a | 0.1% | |
| ON Q FINANCIAL, INC. | $405,000 | $285,000 | -29.6% | 0.1% |
| Wallick & Volk, Inc. | $2,005,000 | $285,000 | -85.8% | 0.1% |
| UNION HOME MORTGAGE CORP. | $275,000 | n/a | 0.1% | |
| SUMMIT MORTGAGE CORPORATION | $265,000 | n/a | 0.1% | |
| A&D Mortgage LLC | $255,000 | n/a | 0.1% | |
| SPOKANE FIREFIGHTERS CREDIT UNION | $45,000 | $255,000 | 466.7% | 0.1% |
| Avista Corporation Credit Union | $285,000 | $250,000 | -12.3% | 0.1% |
| CLEARPATH LENDING | $235,000 | n/a | 0.1% | |
| The Federal Savings Bank | $495,000 | $235,000 | -52.5% | 0.1% |
| 21ST MORTGAGE CORPORATION | $330,000 | $230,000 | -30.3% | 0.1% |
| MID AMERICA MORTGAGE, INC. | $325,000 | $215,000 | -33.8% | 0.1% |
| Plains Commerce Bank | $215,000 | n/a | 0.1% | |
| GTE Federal Credit Union | $410,000 | $210,000 | -48.8% | 0.1% |
| Carrington Mortgage Services, LLC | $465,000 | $195,000 | -58.1% | 0.0% |
| CREDIT HUMAN FEDERAL CREDIT UNION | $1,160,000 | $190,000 | -83.6% | 0.0% |
| FARMERS INSURANCE GROUP FEDERAL CREDIT UNION | $455,000 | $175,000 | -61.5% | 0.0% |
| WASHINGTON STATE EMPLOYEES Credit Union | $640,000 | $175,000 | -72.7% | 0.0% |
| PENTAGON FEDERAL CREDIT UNION | $1,210,000 | $170,000 | -86.0% | 0.0% |
| AMERICAN FINANCIAL NETWORK, INC. | $165,000 | n/a | 0.0% | |
| ALLIANT CREDIT UNION | $155,000 | n/a | 0.0% | |
| LAKEVIEW LOAN SERVICING, LLC | $480,000 | $145,000 | -69.8% | 0.0% |
| NEW DAY FINANCIAL, LLC | $2,195,000 | $145,000 | -93.4% | 0.0% |
| AMERICA FIRST | $600,000 | $135,000 | -77.5% | 0.0% |
| AMERICAN FINANCING CORPORATION | $1,560,000 | $105,000 | -93.3% | 0.0% |
| Figure Lending LLC | $410,000 | $95,000 | -76.8% | 0.0% |
| Baxter Credit Union | $85,000 | n/a | 0.0% | |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $4,685,000 | $85,000 | -98.2% | 0.0% |
| Coastal Community Bank | $80,000 | n/a | 0.0% | |
| TRIAD FINANCIAL SERVICES, INC. | $65,000 | n/a | 0.0% | |
| WESTMARK Credit Union | $65,000 | n/a | 0.0% | |
| Sierra Pacific Mortgage Company, Inc. | $2,300,000 | $55,000 | -97.6% | 0.0% |
| THRIVENT Federal Credit Union | $55,000 | n/a | 0.0% | |
| LOS ANGELES POLICE Federal Credit Union | $290,000 | $35,000 | -87.9% | 0.0% |
| American Airlines Federal Credit Union | $25,000 | n/a | 0.0% |
Sandpoint's top lender by overall market share is Glacier Bank, with 13.0% market share. In second place, with 5.7%, is EVERGREEN MONEYSOURCE MORTGAGE COMPANY, having originated $23,335,000 in loans. In third place, with 5.0%, is Willamette Valley Bank, having originated $20,535,000 in loans. In fourth place, with 4.8%, is IDAHO CENTRAL, having originated $19,775,000 in loans. In fifth place, with 3.8%, is QUICKEN LOANS, LLC, having originated $15,430,000 in loans.
Sandpoint, ID Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 574 | $260,720,000 | $454,216 |
| Home Improvement | 185 | $29,965,000 | $161,973 |
| Cash Out Refi | 168 | $49,140,000 | $292,500 |
| Other | 143 | $39,445,000 | $275,839 |
| Refi | 94 | $29,050,000 | $309,043 |
Sandpoint's most frequently cited loan purpose was Home Purchase, with 574 originations. The 2nd most popular reason was Home Improvement, with 185 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 367 | $158,835,000 | $432,793 |
| Over 8% | 319 | $60,665,000 | $190,172 |
| 7-8% | 269 | $107,405,000 | $399,275 |
| 5-6% | 154 | $66,180,000 | $429,740 |
| 4-5% | 32 | $10,150,000 | $317,188 |
| 3-4% | 4 | $880,000 | $220,000 |
During 2023, Sandpoint's most frequently originated rate bucket was 6-7%, with 367 originations.
Loan Sizing (Sandpoint, ID MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 397 | $118,825,000 | $299,307 |
| $400k-600k | 210 | $101,540,000 | $483,524 |
| $100,000 or less | 208 | $11,260,000 | $54,135 |
| $100k-200k | 195 | $27,325,000 | $140,128 |
| $600k-1000k | 115 | $84,325,000 | $733,261 |
| $Over $1MM | 39 | $65,045,000 | $1,667,821 |
Sandpoint's loan sizing saw the bucket of loans from $200k-400k with 397 originations, totaling $118,825,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| Under 20% | 280 | $24,820,000 | $88,643 |
| 60-80% | 264 | $140,960,000 | $533,939 |
| 80-100% | 207 | $102,095,000 | $493,213 |
| 40-60% | 202 | $86,560,000 | $428,515 |
| 20-40% | 181 | $43,015,000 | $237,652 |
| Over 100% | 5 | $3,965,000 | $793,000 |
Sandpoint's loan sizing saw loans grouped in the Under 20% Loan-to-value bucket with 280 originations, totaling $24,820,000 in origination value.