Golden Plains Mortgage Rates, Fees & Info

Garden City, KS

LEI: 5493003P55WOWIBVUF09

Tax ID: 48-0587457

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

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • 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 12 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 about average 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% 12/16/24
    30 Year Conventional Purchase 6.70% 12/16/24
    30 Year Conventional Refi 6.79% 12/16/24
    30 Year Cash-out Refi 6.81% 12/16/24
    30 Year USDA Purchase 6.60% 12/16/24
    15 Year Conventional Purchase 6.15% 12/16/24
    15 Year Conventional Refi 6.09% 12/16/24
    15 Year Cash-out Refi 6.09% 12/16/24
    15 Year USDA Purchase 5.68% 12/16/24
    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

    324

    Origination Dollar Volume (All Markets)

    $37,550,000
    Show all (11) awards

    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
    Garden City, KS (FHA|USDA|VA) 105 $12,855,000 $122,429 $1,533 4.57%
    Outside of Metro Areas 106 $10,140,000 $95,660 $1,830 4.52%
    Hays, KS (FHA|USDA|VA) 53 $7,395,000 $139,528 $2,452 4.60%
    WICHITA, KS (FHA|USDA|VA) 24 $3,460,000 $144,167 $1,507 4.60%
    Dodge City, KS (FHA|USDA|VA) 20 $2,150,000 $107,500 $1,391 4.83%
    Liberal, KS (FHA|USDA|VA) 7 $525,000 $75,000 $1,587 4.46%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 2 $440,000 $220,000 $1,843 4.50%
    Ottawa, KS (FHA|USDA|VA) 1 $225,000 $225,000 $2,055 4.25%
    Pittsburg, KS (FHA|USDA|VA) 2 $130,000 $65,000 $2,219 5.00%
    Parsons, KS (FHA|USDA|VA) 2 $110,000 $55,000 $1,922 4.81%
    Winfield, KS (FHA|USDA|VA) 1 $65,000 $65,000 $1,830 4.63%
    Coffeyville, KS (FHA|USDA|VA) 1 $55,000 $55,000 $1,693 4.50%
    Golden Plains's top markets include Garden City, Hays, Wichita, Dodge City, and Liberal among others.

    Their top states include:
  • Kansas (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.

    The Halstead Bank
    Similarity Rank: 64
    MID AMERICAN
    Similarity Rank: 128
    WHITE EAGLE Credit Union
    Similarity Rank: 130
    SKYWARD
    Similarity Rank: 132
    Members Mortgage Services, L.L.C.
    Similarity Rank: 165
    Landmark National Bank
    Similarity Rank: 203
    HOME BANK AND TRUST COMPANY
    Similarity Rank: 261
    MERITRUST Federal Credit Union
    Similarity Rank: 330
    Emprise Bank
    Similarity Rank: 420
    GOLDEN PLAINS
    Similarity Rank: 444

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 277 $32,455,000 $117,166 $1,588 4.55%
    USDA 47 $5,095,000 $108,404 $2,927 4.76%

    For 2018, Golden Plains's most frequently originated type of loan was Conventional, with 277 originations. Their 2nd most popular type was USDA, with 47 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 248 $29,590,000 $119,315 $1,845 4.63%
    Refi 44 $4,980,000 $113,182 $1,627 4.44%
    Cash Out Refi 30 $2,730,000 $91,000 $1,496 4.38%
    Home Improvement 1 $125,000 $125,000 $1,606 3.88%
    Other 1 $125,000 $125,000 $1,860 4.13%

    For 2018, Golden Plains's most frequently cited loan purpose was Home Purchase, with 248 originations. The 2nd most popular reason was Refi, with 44 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 209 $26,585,000 $127,201 $1,895 4.72%
    15 Year 58 $5,480,000 $94,483 $1,605 4.17%
    20 Year 37 $4,495,000 $121,486 $1,684 4.56%
    10 Year 20 $990,000 $49,500 $1,307 4.38%

    For 2018, Golden Plains's most frequently cited loan duration was 30 Year, with 209 originations. The 2nd most popular length was 15 Year, with 58 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 315 $36,155,000 $114,778
    $1k-2k 6 $800,000 $133,333
    $2k-3k 2 $380,000 $190,000
    $5k+ 1 $215,000 $215,000

    Golden Plains's average total fees were $1,895, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 315 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 255 $30,205,000 $118,451
    3-4% 38 $4,530,000 $119,211
    5-6% 30 $2,780,000 $92,667
    6-7% 1 $35,000 $35,000

    During 2018, Golden Plains's average interest rate for loans was 4.72%, while their most frequently originated rate bucket for loans was 4-5%, with 255 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 149 $20,805,000 $139,631 $1,839 4.57%
    $100,000 or less 145 $9,575,000 $66,034 $1,679 4.61%
    $200k-400k 30 $7,170,000 $239,000 $1,999 4.48%

    2018 saw Golden Plains place emphasis on $100k-200k loans with 149 originations, totaling $20,805,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 111 $12,675,000 $114,189 $1,858 4.62%
    $50k or less 105 $8,645,000 $82,333 $1,758 4.56%
    $75k-100k 49 $7,045,000 $143,776 $1,658 4.68%
    $100k-150k 47 $6,975,000 $148,404 $1,819 4.47%
    $150k-250k 10 $2,020,000 $202,000 $1,619 4.36%
    $250k+ 2 $190,000 $95,000 $1,877 4.69%

    Golden Plains lent most frequently to those with incomes in the $50k-75k range, with 111 originations. The second most popular income band? $50k or less, with 105 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 96 $11,200,000 $116,667 $1,816 4.54%
    30-36% 76 $9,020,000 $118,684 $1,637 4.66%
    <20% 27 $2,785,000 $103,148 $1,691 4.37%
    39% 19 $2,495,000 $131,316 $2,036 4.75%
    37% 17 $2,065,000 $121,471 $2,020 4.51%
    40% 16 $1,440,000 $90,000 $1,763 4.57%
    36% 14 $1,860,000 $132,857 $2,098 4.46%
    43% 14 $1,690,000 $120,714 $1,720 4.55%
    38% 11 $1,175,000 $106,818 $1,877 4.68%
    41% 11 $1,225,000 $111,364 $1,873 4.68%
    44% 10 $1,190,000 $119,000 $1,610 4.58%
    42% 5 $755,000 $151,000 $2,030 4.48%
    45% 4 $260,000 $65,000 $1,391 4.69%
    46% 4 $390,000 $97,500 $1,330 4.94%

    Golden Plains lent most frequently to those with DTI ratios of 20-30%, with 96 originations. The next most common DTI ratio? 30-36%, with 76 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 305 $35,635,000 $116,836 $1,797 4.59%
    Not provided 9 $755,000 $83,889 $1,621 4.60%
    Asian 6 $720,000 $120,000 $1,260 4.23%
    Black 2 $310,000 $155,000 $1,463 4.50%
    American Indian 2 $130,000 $65,000 $2,185 4.25%

    Approval Rates

    Total approvals of all applications
    79.12%

    Golden Plains has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    67.90%

    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 324 $37,550,000 $115,895

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 12 $1,070,000 $89,167
    Single Family (1-4 Units):Site-Built 312 $36,480,000 $116,923

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 14 $660,000 $47,143 $1,344 4.38%
    40-60% 19 $1,505,000 $79,211 $1,388 4.27%
    60-80% 114 $12,840,000 $112,632 $1,680 4.57%
    80-100% 177 $22,545,000 $127,373 $1,926 4.63%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    GOLDEN 1 CREDIT UNION, THE Other type of mortgage Closing on a mortgage 1 50.0%
    GOLDEN 1 CREDIT UNION, THE Conventional home mortgage Trouble during payment process 1 50.0%