Golden Plains Mortgage Rates, Fees & Info

Garden City, KS

LEI: 5493003P55WOWIBVUF09

Tax ID: 48-0587457

5 stars - Updated: 11/17/24 - out of 5 stars, based on 23 reviews

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Golden Plains is a smaller mortgage company specializing in Home Purchase loans. Golden Plains has a high proportion of conventional loans. Their top markets by origination volume include: Garden City, Hays, Wichita, Dodge City, and Liberal among others. We have data for 16 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Golden Plains has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Golden Plains is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have relatively high rates.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    Home Equity Line of Credit (HELOC) 8.73% 11/17/24
    30 Year Conventional Purchase 6.70% 11/17/24
    30 Year Conventional Refi 6.79% 11/17/24
    30 Year Cash-out Refi 6.81% 11/17/24
    30 Year USDA Purchase 6.60% 11/17/24
    15 Year Conventional Purchase 6.15% 11/17/24
    15 Year Conventional Refi 6.09% 11/17/24
    15 Year Cash-out Refi 6.09% 11/17/24
    15 Year USDA Purchase 5.68% 11/17/24
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

    Golden Plains Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Golden Plains. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    527

    Origination Dollar Volume (All Markets)

    $51,455,000
    Show all (12) awards

    Relative Rate

    Golden Plains's average 30 year fixed mortgage rate was 6.39%.

    The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

    This yields a difference of -0.09%.

    Relative Fees (Closing Costs)

    Golden Plains's average total fees/closing costs for a 30 year fixed rate mortgage were $2,222.

    The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $9,089.

    Top Markets

    Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

    Market Originations Total Value Average Loan Average Fees Average Rate
    Outside of Metro Areas 165 $15,775,000 $95,606 $2,339 6.74%
    Garden City, KS (FHA|USDA|VA) 147 $15,195,000 $103,367 $1,852 7.15%
    Hays, KS (FHA|USDA|VA) 71 $7,875,000 $110,915 $2,469 6.89%
    WICHITA, KS (FHA|USDA|VA) 72 $6,430,000 $89,306 $1,645 7.12%
    Dodge City, KS (FHA|USDA|VA) 22 $2,280,000 $103,636 $1,855 7.29%
    Liberal, KS (FHA|USDA|VA) 31 $1,775,000 $57,258 $1,823 7.76%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 2 $370,000 $185,000 $1,835 6.81%
    Pittsburg, KS (FHA|USDA|VA) 3 $325,000 $108,333 $1,982 6.54%
    LAWRENCE, KS (FHA|USDA|VA) 1 $275,000 $275,000 $1,680 7.50%
    Parsons, KS (FHA|USDA|VA) 3 $255,000 $85,000 $1,519 6.21%
    MANHATTAN, KS (FHA|USDA|VA) 1 $255,000 $255,000 $1,975 6.25%
    Salina, KS (FHA|USDA|VA) 3 $255,000 $85,000 $1,390 6.77%
    Ottawa, KS (FHA|USDA|VA) 1 $145,000 $145,000 $1,620 6.88%
    Great Bend, KS (FHA|USDA|VA) 2 $140,000 $70,000 $2,464 6.44%
    Winfield, KS (FHA|USDA|VA) 1 $55,000 $55,000 $0 7.32%
    McPherson, KS (FHA|USDA|VA) 2 $50,000 $25,000 $2,209 6.94%
    Golden Plains's top markets include Garden City, Hays, Wichita, Dodge City, and Liberal among others.

    Their top states include:
  • Kansas (FHA|USDA|VA)
  • (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against GOLDEN PLAINS based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    PANHANDLE FEDERAL CREDIT UNION
    Similarity Rank: 6
    HOME BANK AND TRUST COMPANY
    Similarity Rank: 60
    GOLDEN PLAINS
    Similarity Rank: 240
    Intrust Bank
    Similarity Rank: 315
    MID AMERICAN
    Similarity Rank: 341
    Emprise Bank
    Similarity Rank: 361
    Wichita Federal Credit Union
    Similarity Rank: 413
    Landmark National Bank
    Similarity Rank: 468
    MERITRUST Federal Credit Union
    Similarity Rank: 494
    Members Mortgage Services, L.L.C.
    Similarity Rank: 551

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 276 $14,490,000 $52,500 n/a 7.61%
    Conventional 223 $33,235,000 $149,036 $1,950 6.33%
    USDA 28 $3,730,000 $133,214 $3,787 6.48%

    For 2023, Golden Plains's most frequently originated type of loan was HELOC, with 276 originations. Their 2nd most popular type was Conventional, with 223 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 304 $37,400,000 $123,026 $2,185 6.68%
    Other 81 $4,175,000 $51,543 $0 7.61%
    Cash Out Refi 75 $5,595,000 $74,600 $1,976 7.47%
    Home Improvement 55 $2,575,000 $46,818 $0 7.47%
    Refi 12 $1,710,000 $142,500 $1,806 6.23%

    For 2023, Golden Plains's most frequently cited loan purpose was Home Purchase, with 304 originations. The 2nd most popular reason was Other, with 81 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 231 $14,155,000 $61,277 $1,789 7.60%
    30 Year 207 $31,265,000 $151,039 $2,222 6.39%
    Other 74 $4,590,000 $62,027 $2,046 7.04%
    10 Year 11 $765,000 $69,545 $1,486 5.60%
    1 Year 2 $420,000 $210,000 $1,895 7.25%
    20 Year 1 $205,000 $205,000 $5,170 5.50%
    5 Year 1 $55,000 $55,000 $0 10.00%

    For 2023, Golden Plains's most frequently cited loan duration was 15 Year, with 231 originations. The 2nd most popular length was 30 Year, with 207 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 240 $35,180,000 $146,583
    $1k-2k 9 $1,465,000 $162,778
    $2k-3k 2 $320,000 $160,000

    Golden Plains's average total fees were $2,222, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 240 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    7-8% 184 $13,000,000 $70,652
    6-7% 174 $20,640,000 $118,621
    5-6% 104 $13,700,000 $131,731
    Over 8% 58 $3,620,000 $62,414
    4-5% 6 $440,000 $73,333
    <2.5% 1 $55,000 $55,000

    During 2023, Golden Plains's average interest rate for loans was 6.39%, while their most frequently originated rate bucket for loans was 7-8%, with 184 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 328 $16,210,000 $49,421 $2,059 7.28%
    $100k-200k 142 $20,770,000 $146,268 $2,248 6.50%
    $200k-400k 55 $13,535,000 $246,091 $2,079 6.68%
    $400k-600k 2 $940,000 $470,000 $2,163 6.44%

    2023 saw Golden Plains place emphasis on $100,000 or less loans with 328 originations, totaling $16,210,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 127 $13,555,000 $106,732 $2,088 7.14%
    $50k-75k 126 $12,560,000 $99,683 $2,187 6.89%
    $75k-100k 116 $12,140,000 $104,655 $2,182 7.07%
    $50k or less 86 $6,080,000 $70,698 $2,132 6.81%
    $150k-250k 55 $5,005,000 $91,000 $2,005 7.14%
    $250k+ 15 $1,805,000 $120,333 $2,318 7.09%

    Golden Plains lent most frequently to those with incomes in the $100k-150k range, with 127 originations. The second most popular income band? $50k-75k, with 126 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 138 $11,710,000 $84,855 $2,206 6.96%
    30-36% 115 $10,985,000 $95,522 $2,029 6.89%
    <20% 79 $5,365,000 $67,911 $2,043 7.44%
    39% 24 $3,540,000 $147,500 $2,612 6.80%
    41% 23 $3,135,000 $136,304 $1,927 6.86%
    37% 23 $2,675,000 $116,304 $2,593 6.95%
    36% 22 $2,690,000 $122,273 $2,508 7.07%
    38% 20 $2,130,000 $106,500 $2,126 6.83%
    40% 17 $1,435,000 $84,412 $2,500 6.87%
    42% 14 $1,750,000 $125,000 $1,628 6.98%
    43% 13 $1,675,000 $128,846 $2,175 6.84%
    45% 9 $1,315,000 $146,111 $1,700 6.90%
    44% 9 $785,000 $87,222 $1,554 7.47%
    50-60% 8 $620,000 $77,500 $2,009 6.70%
    46% 4 $750,000 $187,500 $1,980 6.63%
    48% 4 $610,000 $152,500 $1,789 6.42%
    >60% 2 $80,000 $40,000 $150 7.94%
    47% 2 $190,000 $95,000 $3,427 8.53%
    49% 1 $15,000 $15,000 $0 6.50%

    Golden Plains lent most frequently to those with DTI ratios of 20-30%, with 138 originations. The next most common DTI ratio? 30-36%, with 115 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 448 $43,450,000 $96,987 $2,166 7.00%
    Not provided 38 $4,180,000 $110,000 $1,868 6.96%
    Asian 8 $1,240,000 $155,000 $2,234 6.96%
    Black 18 $1,180,000 $65,556 $3,090 7.36%
    Other Pacific Islander 11 $835,000 $75,909 $2,633 7.02%
    American Indian 2 $370,000 $185,000 $1,654 6.31%
    Native Hawaiian or Islander 1 $135,000 $135,000 $2,437 8.00%
    Not applicable 1 $65,000 $65,000 $1,841 6.38%

    Approval Rates

    Total approvals of all applications
    83.07%

    Golden Plains has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    65.65%

    Golden Plains has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 527 $51,455,000 $97,638

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    527 $51,455,000 $97,638

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 113 $6,115,000 $54,115 $1,681 7.56%
    40-60% 59 $5,575,000 $94,492 $1,956 6.99%
    60-80% 89 $11,845,000 $133,090 $2,036 6.78%
    80-100% 155 $23,775,000 $153,387 $2,264 6.46%
    Over 100% 6 $650,000 $108,333 $3,433 6.74%
    Under 20% 96 $3,050,000 $31,771 $941 7.51%