Shelton Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Shelton averaged
7.06%
for the week of 2023-12-07, compared to the national average of
7.03% for the same period.
The average rate for the prior week (2023-11-30) was
7.15% and
one month ago for the week of 2023-11-02, the
average rate was 7.49%.
Shelton's average rate one year ago was 6.62%.
For refis of the same type during the week of 2023-12-07, the average rate
was 6.22%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2023-12-07 | 7.03% |
| Shelton 30 Year Fixed Rate | 2023-12-07 | 7.06% |
| Shelton 30 Year Fixed Rate Refi | 2023-12-07 | 6.22% |
| Shelton 15 Year Fixed Rate | 2023-12-07 | 6.39% |
| Shelton 15 Year Fixed Rate Refi | 2023-12-07 | 6.39% |
| Shelton 30 Year FHA | 2023-12-07 | 6.97% |
| Shelton 30 Year FHA Refi | 2023-12-07 | 6.62% |
| Shelton 30 Year USDA | 2023-12-07 | 6.82% |
| Shelton 30 Year USDA Refi | 2023-12-07 | 6.92% |
| Shelton 30 Year VA | 2023-12-07 | 6.39% |
| Shelton 30 Year VA Refi | 2023-12-07 | 6.54% |
Shelton 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 Shelton, 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.).
Shelton Average Closing Costs & Other Stats
Shelton, WA's 155 lenders originated 2,569
loans during 2022. The total origination value was $849,855,000, with an average loan value of
$330,812.
Shelton's average closing costs are $6,050.
The top Shelton lender as defined by loan originations is ACADEMY MORTGAGE CORPORATION, with
78 loans originated. Their average total fees are
$8,270, which is $1,491
higher than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Shelton lenders (with over 10 loans originated) are
WASHINGTON STATE EMPLOYEES Credit Union ($4,138), Olympia Federal Savings & Loan Association ($4,296), KeyBank ($4,581), Boeing Employees Credit Union ($4,596) and Wells Fargo Bank ($5,516).
The lowest rate Shelton lenders (with over 10 loans originated) are
LOANDEPOT.COM, LLC (3.86%), Olympia Federal Savings & Loan Association (3.94%), KeyBank (4.15%), Flagstar Bank, FSB (4.16%) and PENNYMAC LOAN SERVICES, LLC (4.26%).
Shelton, 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 |
|---|---|---|---|---|
| VERITY | $80,005,000 | n/a | 9.4% | |
| ACADEMY MORTGAGE CORPORATION | $80,130,000 | $42,210,000 | -47.3% | 5.0% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $85,120,000 | $41,415,000 | -51.3% | 4.9% |
| QUICKEN LOANS, LLC | $95,050,000 | $35,950,000 | -62.2% | 4.2% |
| CALIBER HOME LOANS, INC. | $68,360,000 | $32,730,000 | -52.1% | 3.9% |
| EVERGREEN MONEYSOURCE MORTGAGE COMPANY | $49,395,000 | $30,890,000 | -37.5% | 3.6% |
| MOVEMENT MORTGAGE, LLC | $48,295,000 | $24,105,000 | -50.1% | 2.8% |
| Olympia Federal Savings & Loan Association | $22,430,000 | $23,120,000 | 3.1% | 2.7% |
| CROSSCOUNTRY MORTGAGE, LLC | $25,710,000 | $20,280,000 | -21.1% | 2.4% |
| Boeing Employees Credit Union | $18,815,000 | $19,710,000 | 4.8% | 2.3% |
| GUILD MORTGAGE COMPANY | $30,885,000 | $16,645,000 | -46.1% | 2.0% |
| UNITED WHOLESALE MORTGAGE, LLC | $32,575,000 | $15,970,000 | -51.0% | 1.9% |
| Wells Fargo Bank | $20,795,000 | $15,610,000 | -24.9% | 1.8% |
| Umpqua Bank | $22,065,000 | $14,875,000 | -32.6% | 1.8% |
| CORNERSTONE HOME LENDING, INC. | $9,755,000 | $14,840,000 | 52.1% | 1.7% |
| NAVY FEDERAL CREDIT UNION | $14,795,000 | $14,555,000 | -1.6% | 1.7% |
| FREEDOM MORTGAGE CORPORATION | $31,260,000 | $14,015,000 | -55.2% | 1.6% |
| LOANDEPOT.COM, LLC | $28,565,000 | $13,090,000 | -54.2% | 1.5% |
| CIVIC FINANCIAL SERVICES, LLC | $690,000 | $11,495,000 | 1,565.9% | 1.4% |
| WASHINGTON STATE EMPLOYEES Credit Union | $15,355,000 | $11,160,000 | -27.3% | 1.3% |
| Mortgage Research Center, LLC | $17,465,000 | $10,480,000 | -40.0% | 1.2% |
| BROKER SOLUTIONS, INC. | $18,845,000 | $10,125,000 | -46.3% | 1.2% |
| JPMorgan Chase Bank | $8,105,000 | $9,925,000 | 22.5% | 1.2% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $10,885,000 | $9,780,000 | -10.2% | 1.2% |
| KeyBank | $19,785,000 | $9,625,000 | -51.4% | 1.1% |
| PENNYMAC LOAN SERVICES, LLC | $18,340,000 | $9,480,000 | -48.3% | 1.1% |
| Banner Bank | $6,825,000 | $9,385,000 | 37.5% | 1.1% |
| KITSAP Credit Union | $10,255,000 | $8,700,000 | -15.2% | 1.0% |
| 1st Security Bank of Washington | $12,450,000 | $8,350,000 | -32.9% | 1.0% |
| BAY EQUITY LLC | $7,680,000 | $8,055,000 | 4.9% | 0.9% |
| AMERISAVE MORTGAGE CORPORATION | $9,185,000 | $7,745,000 | -15.7% | 0.9% |
| Flagstar Bank, FSB | $9,850,000 | $6,910,000 | -29.8% | 0.8% |
| HomeStreet Bank | $8,240,000 | $6,630,000 | -19.5% | 0.8% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $18,505,000 | $6,275,000 | -66.1% | 0.7% |
| Paramount Residential Mortgage Group, Inc. | $3,860,000 | $6,085,000 | 57.6% | 0.7% |
| FINANCE OF AMERICA MORTGAGE LLC | $11,200,000 | $6,030,000 | -46.2% | 0.7% |
| Timberland Bank | $12,405,000 | $5,630,000 | -54.6% | 0.7% |
| HOME POINT FINANCIAL CORPORATION | $13,590,000 | $5,550,000 | -59.2% | 0.7% |
| Bank of America | $7,780,000 | $5,520,000 | -29.0% | 0.6% |
| Washington Federal Bank | $10,475,000 | $5,345,000 | -49.0% | 0.6% |
| O BEE | $5,215,000 | n/a | 0.6% | |
| U.S. Bank | $8,185,000 | $5,170,000 | -36.8% | 0.6% |
| Truist | $970,000 | $5,060,000 | 421.6% | 0.6% |
| The Federal Savings Bank | $3,300,000 | $4,540,000 | 37.6% | 0.5% |
| AXIA FINANCIAL, LLC | $9,910,000 | $3,910,000 | -60.5% | 0.5% |
| PNC Bank | $495,000 | $3,695,000 | 646.5% | 0.4% |
| Mr. Cooper ( Nationstar Mortgage ) | $13,855,000 | $3,565,000 | -74.3% | 0.4% |
| TWINSTAR | $4,870,000 | $3,495,000 | -28.2% | 0.4% |
| NFM, INC. | $1,595,000 | $3,490,000 | 118.8% | 0.4% |
| Heritage Bank | $685,000 | $3,475,000 | 407.3% | 0.4% |
| LAKEVIEW LOAN SERVICING, LLC | $14,295,000 | $3,300,000 | -76.9% | 0.4% |
| Hometown Lenders, Inc. | $3,950,000 | $3,250,000 | -17.7% | 0.4% |
| Carrington Mortgage Services, LLC | $3,785,000 | $3,230,000 | -14.7% | 0.4% |
| PREMIER MORTGAGE RESOURCES, L.L.C. | $1,765,000 | $3,210,000 | 81.9% | 0.4% |
| First Federal Savings and Loan Association of Port Angeles | $7,355,000 | $3,100,000 | -57.9% | 0.4% |
| NBKC BANK | $4,210,000 | $2,695,000 | -36.0% | 0.3% |
| NEW DAY FINANCIAL, LLC | $4,235,000 | $2,340,000 | -44.7% | 0.3% |
| First Savings Bank | $1,370,000 | $2,310,000 | 68.6% | 0.3% |
| AMERICAN ADVISORS GROUP | $3,040,000 | $2,305,000 | -24.2% | 0.3% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $4,065,000 | $2,250,000 | -44.6% | 0.3% |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $9,265,000 | $2,235,000 | -75.9% | 0.3% |
| AMERICAN FINANCIAL RESOURCES, INC. | $4,385,000 | $2,165,000 | -50.6% | 0.3% |
| BETTER MORTGAGE CORPORATION | $10,185,000 | $2,140,000 | -79.0% | 0.3% |
| NEWREZ LLC | $7,355,000 | $2,085,000 | -71.7% | 0.2% |
| MID AMERICA MORTGAGE, INC. | $1,470,000 | $2,075,000 | 41.2% | 0.2% |
| MOUNTAIN AMERICA | $175,000 | $2,065,000 | 1,080.0% | 0.2% |
| Alaska USA Mortgage Company LLC | $1,615,000 | $2,000,000 | 23.8% | 0.2% |
| MANN FINANCIAL INC. | $2,060,000 | $1,945,000 | -5.6% | 0.2% |
| CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $4,595,000 | $1,935,000 | -57.9% | 0.2% |
| Northpointe Bank | $705,000 | $1,920,000 | 172.3% | 0.2% |
| DIRECTORS MORTGAGE, INC. | $2,365,000 | $1,905,000 | -19.5% | 0.2% |
| EVERETT FINANCIAL, INC. | $475,000 | $1,890,000 | 297.9% | 0.2% |
| PENINSULA COMMUNITY | $7,295,000 | $1,865,000 | -74.4% | 0.2% |
| SUMMIT FUNDING, INC. | $1,090,000 | $1,760,000 | 61.5% | 0.2% |
| ZILLOW HOME LOANS, LLC | $2,420,000 | $1,735,000 | -28.3% | 0.2% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $5,335,000 | $1,700,000 | -68.1% | 0.2% |
| GUARANTEED RATE, INC. | $2,895,000 | $1,650,000 | -43.0% | 0.2% |
| Sound Community Bank | $1,095,000 | $1,650,000 | 50.7% | 0.2% |
| CMG MORTGAGE, INC. | $3,050,000 | $1,545,000 | -49.3% | 0.2% |
| Columbia State Bank | $1,415,000 | $1,545,000 | 9.2% | 0.2% |
| LEADERONE FINANCIAL CORPORATION | $1,050,000 | $1,545,000 | 47.1% | 0.2% |
| LONGBRIDGE FINANCIAL, LLC | $420,000 | $1,545,000 | 267.9% | 0.2% |
| Ally Bank | $610,000 | $1,525,000 | 150.0% | 0.2% |
| MLD MORTGAGE INC. | $1,270,000 | $1,500,000 | 18.1% | 0.2% |
| HIGHLANDS RESIDENTIAL MORTGAGE, LTD. | $3,345,000 | $1,475,000 | -55.9% | 0.2% |
| AMCAP MORTGAGE, LTD. | $1,660,000 | $1,460,000 | -12.0% | 0.2% |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $1,210,000 | $1,405,000 | 16.1% | 0.2% |
| RELIANCE FIRST CAPITAL, LLC | $1,385,000 | n/a | 0.2% | |
| Morgan Stanley Private Bank | $515,000 | $1,370,000 | 166.0% | 0.2% |
| PLANET HOME LENDING, LLC | $2,975,000 | $1,355,000 | -54.5% | 0.2% |
| GESA | $1,110,000 | $1,335,000 | 20.3% | 0.2% |
| MUFG Union Bank | $415,000 | $1,330,000 | 220.5% | 0.2% |
| FIRST TECHNOLOGY | $1,260,000 | $1,320,000 | 4.8% | 0.2% |
| GSF Mortgage Corporation | $3,475,000 | $1,315,000 | -62.2% | 0.2% |
| SOUND | $3,385,000 | $1,260,000 | -62.8% | 0.1% |
| Wallick & Volk, Inc. | $2,060,000 | $1,190,000 | -42.2% | 0.1% |
| Strong Home Mortgage, LLC | $2,485,000 | $1,125,000 | -54.7% | 0.1% |
| Wyndham Capital Mortgage, Inc. | $1,200,000 | $1,085,000 | -9.6% | 0.1% |
| REVERSE MORTGAGE FUNDING LLC | $505,000 | $1,065,000 | 110.9% | 0.1% |
| Austin Capital Bank SSB | $1,035,000 | n/a | 0.1% | |
| CALCON MUTUAL MORTGAGE LLC | $345,000 | $1,035,000 | 200.0% | 0.1% |
| Figure Lending LLC | $535,000 | $1,030,000 | 92.5% | 0.1% |
| Servion, Inc. | $4,225,000 | $950,000 | -77.5% | 0.1% |
| NexBank | $905,000 | $945,000 | 4.4% | 0.1% |
| HOMESIDE FINANCIAL, LLC | $745,000 | $940,000 | 26.2% | 0.1% |
| SPRING EQ, LLC | $450,000 | $940,000 | 108.9% | 0.1% |
| ON Q FINANCIAL, INC. | $1,925,000 | $925,000 | -51.9% | 0.1% |
| LAND HOME FINANCIAL SERVICES, INC. | $1,590,000 | $895,000 | -43.7% | 0.1% |
| America's Credit Union | $810,000 | $885,000 | 9.3% | 0.1% |
| ROUNDPOINT MORTGAGE SERVICING CORPORATION | $265,000 | $875,000 | 230.2% | 0.1% |
| MORTGAGE MASTER SERVICE CORPORATION | $3,430,000 | $870,000 | -74.6% | 0.1% |
| LADERA LENDING, INC. | $1,770,000 | $860,000 | -51.4% | 0.1% |
| Arvest Bank | $370,000 | $840,000 | 127.0% | 0.1% |
| Mid-Continent Funding, Inc. | $225,000 | $840,000 | 273.3% | 0.1% |
| Kitsap Bank | $2,955,000 | $830,000 | -71.9% | 0.1% |
| PHH Mortgage Corporation | $1,105,000 | $815,000 | -26.2% | 0.1% |
| GENEVA FINANCIAL, LLC | $1,420,000 | $790,000 | -44.4% | 0.1% |
| Neighborhood Loans, Inc. | $790,000 | n/a | 0.1% | |
| DEEPHAVEN MORTGAGE LLC | $780,000 | n/a | 0.1% | |
| PRIORITY HOME LENDING, LLC | $1,810,000 | $780,000 | -56.9% | 0.1% |
| BNC National Bank | $415,000 | $765,000 | 84.3% | 0.1% |
| Goldman Sachs Bank USA | $765,000 | n/a | 0.1% | |
| 21ST MORTGAGE CORPORATION | $185,000 | $750,000 | 305.4% | 0.1% |
| Bank of the Pacific | $1,925,000 | $735,000 | -61.8% | 0.1% |
| SECURITYNATIONAL MORTGAGE COMPANY | $720,000 | n/a | 0.1% | |
| USAA Federal Savings Bank | $3,345,000 | $720,000 | -78.5% | 0.1% |
| North American Savings Bank, F.S.B. | $650,000 | $710,000 | 9.2% | 0.1% |
| OPEN MORTGAGE, LLC | $625,000 | $700,000 | 12.0% | 0.1% |
| Prosperity Home Mortgage, LLC | $620,000 | $695,000 | 12.1% | 0.1% |
| FINANCE OF AMERICA REVERSE LLC | $2,405,000 | $685,000 | -71.5% | 0.1% |
| PENRITH HOME LOANS LLC | $2,665,000 | $680,000 | -74.5% | 0.1% |
| Nations Lending Corporation | $2,735,000 | $670,000 | -75.5% | 0.1% |
| FirstBank | $1,195,000 | $660,000 | -44.8% | 0.1% |
| PENTAGON FEDERAL CREDIT UNION | $1,025,000 | $650,000 | -36.6% | 0.1% |
| Lakeview Community Capital, LLC | $910,000 | $625,000 | -31.3% | 0.1% |
| RANLIFE, INC. | $560,000 | $610,000 | 8.9% | 0.1% |
| SUN WEST MORTGAGE COMPANY, INC. | $8,190,000 | $610,000 | -92.6% | 0.1% |
| TOP FLITE FINANCIAL, INC. | $205,000 | $580,000 | 182.9% | 0.1% |
| UBS Bank USA | $755,000 | $575,000 | -23.8% | 0.1% |
| First National Bank of America | $245,000 | $565,000 | 130.6% | 0.1% |
| Equity Prime Mortgage LLC | $225,000 | $555,000 | 146.7% | 0.1% |
| Franklin Loan Corporation | $555,000 | n/a | 0.1% | |
| Bank of England | $305,000 | $535,000 | 75.4% | 0.1% |
| Loan Simple, Inc. | $355,000 | $530,000 | 49.3% | 0.1% |
| RED CANOE CREDIT UNION | $750,000 | $520,000 | -30.7% | 0.1% |
| TRIAD FINANCIAL SERVICES, INC. | $520,000 | n/a | 0.1% | |
| Charles Schwab Bank, SSB | $720,000 | $505,000 | -29.9% | 0.1% |
| Washington Trust Bank | $375,000 | $485,000 | 29.3% | 0.1% |
| PREMIA MORTGAGE, LLC | $475,000 | n/a | 0.1% | |
| SOFI LENDING CORP. | $235,000 | $465,000 | 97.9% | 0.1% |
| VELOCITY COMMERCIAL CAPITAL, LLC | $465,000 | n/a | 0.1% | |
| CHURCHILL MORTGAGE CORPORATION | $1,355,000 | $460,000 | -66.1% | 0.1% |
| HighTechLending Inc | $455,000 | n/a | 0.1% | |
| SIRVA MORTGAGE, INC. | $455,000 | n/a | 0.1% | |
| AMERICAN FINANCING CORPORATION | $490,000 | $445,000 | -9.2% | 0.1% |
| CU HOME MORTGAGE SOLUTIONS, LLC | $250,000 | $445,000 | 78.0% | 0.1% |
| Willamette Valley Bank | $265,000 | $445,000 | 67.9% | 0.1% |
| CHEVRON | $435,000 | n/a | 0.1% | |
| Pinnacle Bank | $415,000 | n/a | 0.0% | |
| UNITED SECURITY FINANCIAL CORP | $415,000 | n/a | 0.0% | |
| IDAHO CENTRAL | $410,000 | n/a | 0.0% | |
| BKCO MORTGAGE, LLC | $1,365,000 | $405,000 | -70.3% | 0.0% |
| Great Southern Bank | $395,000 | n/a | 0.0% | |
| MORTGAGE EXPRESS, LLC | $395,000 | n/a | 0.0% | |
| ALL REVERSE MORTGAGE, INC. | $385,000 | n/a | 0.0% | |
| City National Bank | $385,000 | n/a | 0.0% | |
| Magnolia Bank | $835,000 | $385,000 | -53.9% | 0.0% |
| First Guaranty Mortgage Corporation | $830,000 | $380,000 | -54.2% | 0.0% |
| NATIONS RELIABLE LENDING, LLC | $640,000 | $375,000 | -41.4% | 0.0% |
| PACIFIC RESIDENTIAL MORTGAGE, LLC | $660,000 | $375,000 | -43.2% | 0.0% |
| SAMMAMISH MORTGAGE COMPANY | $1,505,000 | $375,000 | -75.1% | 0.0% |
| V.I.P. MORTGAGE, INC. | $1,455,000 | $375,000 | -74.2% | 0.0% |
| First Internet Bank of Indiana | $365,000 | n/a | 0.0% | |
| U S WIDE FINANCIAL LLC | $270,000 | $355,000 | 31.5% | 0.0% |
| VERITAS FUNDING, LLC | $235,000 | $355,000 | 51.1% | 0.0% |
| Discover Bank | $340,000 | $350,000 | 2.9% | 0.0% |
| CITYWIDE HOME LOANS, LLC | $265,000 | $345,000 | 30.2% | 0.0% |
| CREDIT HUMAN FEDERAL CREDIT UNION | $290,000 | $345,000 | 19.0% | 0.0% |
| OAKTREE FUNDING CORP. | $345,000 | n/a | 0.0% | |
| SOUTHWEST STAGE FUNDING, LLC | $335,000 | n/a | 0.0% | |
| Citizens Bank | $705,000 | $325,000 | -53.9% | 0.0% |
| HARBORSTONE | $325,000 | n/a | 0.0% | |
| S1L, Inc. | $325,000 | n/a | 0.0% | |
| VILLAGE CAPITAL MORTGAGE | $910,000 | $325,000 | -64.3% | 0.0% |
| Metro City Bank | $315,000 | n/a | 0.0% | |
| NETWORK CAPITAL FUNDING CORPORATION | $865,000 | $315,000 | -63.6% | 0.0% |
| Seattle Metropolitan Credit Union | $410,000 | $310,000 | -24.4% | 0.0% |
| Goldwater Bank, N.A. | $305,000 | n/a | 0.0% | |
| LENDINGHOME FUNDING CORPORATION | $305,000 | n/a | 0.0% | |
| TOWNE MORTGAGE COMPANY | $295,000 | n/a | 0.0% | |
| A&D Mortgage LLC | $285,000 | n/a | 0.0% | |
| BECKAM FUNDING CORP. | $285,000 | n/a | 0.0% | |
| HORIZON | $285,000 | n/a | 0.0% | |
| OnPoint Community Credit Union | $830,000 | $280,000 | -66.3% | 0.0% |
| WHATCOM EDUCATIONAL CREDIT UNION | $415,000 | $280,000 | -32.5% | 0.0% |
| ATHAS CAPITAL GROUP, INC. | $275,000 | n/a | 0.0% | |
| First Home Bank | $1,580,000 | $275,000 | -82.6% | 0.0% |
| M&T Bank | $275,000 | n/a | 0.0% | |
| PIKE CREEK MORTGAGE SERVICES, INC. | $275,000 | n/a | 0.0% | |
| T2 FINANCIAL LLC | $275,000 | n/a | 0.0% | |
| BEST FINANCE CAPITAL, INC. | $315,000 | $265,000 | -15.9% | 0.0% |
| Merchants Mortgage & Trust Corporation | $265,000 | n/a | 0.0% | |
| Unitus Community Credit Union | $265,000 | n/a | 0.0% | |
| NORTHWEST COMMUNITY | $35,000 | $260,000 | 642.9% | 0.0% |
| Gateway First Bank | $255,000 | n/a | 0.0% | |
| NATIONWIDE EQUITIES CORPORATION | $255,000 | n/a | 0.0% | |
| ONE NEVADA CREDIT UNION | $255,000 | n/a | 0.0% | |
| SPOKANE FIREFIGHTERS CREDIT UNION | $255,000 | n/a | 0.0% | |
| ALLIANT CREDIT UNION | $250,000 | $245,000 | -2.0% | 0.0% |
| AMERICAN HERITAGE LENDING, INC. | $245,000 | n/a | 0.0% | |
| BELEM SERVICING LLC | $245,000 | n/a | 0.0% | |
| LOANLEADERS OF AMERICA, INC. | $245,000 | n/a | 0.0% | |
| MORIA DEVELOPMENT, INC. | $245,000 | n/a | 0.0% | |
| SALAL | $1,255,000 | $220,000 | -82.5% | 0.0% |
| Advisors Mortgage Group, L.L.C. | $215,000 | n/a | 0.0% | |
| Alaska USA Federal Credit Union | $1,845,000 | $205,000 | -88.9% | 0.0% |
| Bell Bank | $205,000 | n/a | 0.0% | |
| OCMBC, INC. | $205,000 | n/a | 0.0% | |
| PROVIDENT FUNDING ASSOCIATES, L.P. | $2,000,000 | $205,000 | -89.8% | 0.0% |
| SKYONE Federal Credit Union | $190,000 | n/a | 0.0% | |
| Chickasaw Community Bank | $185,000 | n/a | 0.0% | |
| Colonial Savings, F.A. | $1,855,000 | $155,000 | -91.6% | 0.0% |
| Third Federal Savings and Loan Association of Cleveland | $130,000 | n/a | 0.0% | |
| iQ Credit Union | $155,000 | $105,000 | -32.3% | 0.0% |
| ADVANTIS | $75,000 | n/a | 0.0% | |
| BayCoast Bank | $75,000 | n/a | 0.0% | |
| Northwest Farm Credit Services, FLCA | $1,325,000 | $75,000 | -94.3% | 0.0% |
| GUARANTY HOME MORTGAGE CORPORATION | $1,140,000 | $65,000 | -94.3% | 0.0% |
| STANFORD Federal Credit Union | $65,000 | n/a | 0.0% | |
| WINGS FINANCIAL | $980,000 | $65,000 | -93.4% | 0.0% |
| Bethpage Federal Credit Union | $45,000 | $55,000 | 22.2% | 0.0% |
| UNIVERSITY CREDIT UNION | $55,000 | n/a | 0.0% | |
| DEPARTMENT OF THE INTERIOR FEDERAL CREDIT UNION | $45,000 | n/a | 0.0% | |
| TAPCO Credit Union | $240,000 | $35,000 | -85.4% | 0.0% |
Shelton's top lender by overall market share is VERITY, with 9.4% market share. In second place, with 5.0%, is ACADEMY MORTGAGE CORPORATION, having originated $42,210,000 in loans. In third place, with 4.9%, is FAIRWAY INDEPENDENT MORTGAGE CORPORATION, having originated $41,415,000 in loans. In fourth place, with 4.2%, is QUICKEN LOANS, LLC, having originated $35,950,000 in loans. In fifth place, with 3.9%, is CALIBER HOME LOANS, INC., having originated $32,730,000 in loans.
Shelton, WA Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 1,243 | $465,705,000 | $374,662 |
| Cash Out Refi | 594 | $174,390,000 | $293,586 |
| Refi | 316 | $80,160,000 | $253,671 |
| Home Improvement | 226 | $104,690,000 | $463,230 |
| Other | 190 | $24,910,000 | $131,105 |
Shelton's most frequently cited loan purpose was Home Purchase, with 1,243 originations. The 2nd most popular reason was Cash Out Refi, with 594 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 5-6% | 597 | $204,885,000 | $343,191 |
| 3-4% | 583 | $254,085,000 | $435,823 |
| 4-5% | 578 | $179,980,000 | $311,384 |
| 6-7% | 337 | $100,405,000 | $297,938 |
| 2.5-3% | 164 | $48,900,000 | $298,171 |
| 7-8% | 116 | $27,710,000 | $238,879 |
| <2.5% | 93 | $16,745,000 | $180,054 |
| Over 8% | 79 | $15,885,000 | $201,076 |
During 2022, Shelton's most frequently originated rate bucket was 5-6%, with 597 originations.
Loan Sizing (Shelton, WA MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 1,202 | $360,600,000 | $300,000 |
| $400k-600k | 448 | $209,640,000 | $467,946 |
| $100k-200k | 404 | $60,200,000 | $149,010 |
| $100,000 or less | 368 | $19,150,000 | $52,038 |
| $600k-1000k | 125 | $88,345,000 | $706,760 |
| $Over $1MM | 22 | $111,920,000 | $5,087,273 |
Shelton's loan sizing saw the bucket of loans from $200k-400k with 1,202 originations, totaling $360,600,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 833 | $331,575,000 | $398,049 |
| 60-80% | 627 | $238,835,000 | $380,917 |
| 40-60% | 406 | $102,960,000 | $253,596 |
| Under 20% | 352 | $19,890,000 | $56,506 |
| 20-40% | 260 | $44,440,000 | $170,923 |
| Over 100% | 65 | $107,155,000 | $1,648,538 |
Shelton's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 833 originations, totaling $331,575,000 in origination value.