Wyhy Mortgage Rates, Fees & Info
Cheyenne, WYLEI: 5493004JDNBZNOT8PR69
Tax ID: 83-0176464
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Mortgage Data
Review & Overview
Wyhy is a smaller mortgage company specializing in Refi and Cash Out Refi loans. Wyhy has a high proportion of conventional loans. Wyhy has a low ratio of conventional loans. Their top markets by origination volume include: Cheyenne, Casper, Riverton, Gillette, and Laramie among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)Wyhy has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 7.71% | 12/4/24 |
| 30 Year Conventional Refi | 6.27% | 12/4/24 |
| 30 Year Cash-out Refi | 6.27% | 12/4/24 |
| 15 Year Conventional Purchase | 5.68% | 12/4/24 |
| 15 Year Conventional Refi | 5.68% | 12/4/24 |
| 15 Year Cash-out Refi | 5.68% | 12/4/24 |
| 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. | ||
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Originations
234Origination Dollar Volume (All Markets)
$32,390,000Top 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 |
|---|---|---|---|---|---|
| CHEYENNE, WY (FHA|USDA|VA) | 117 | $15,885,000 | $135,769 | $1,891 | 3.27% |
| CASPER, WY (FHA|USDA|VA) | 67 | $10,475,000 | $156,343 | $2,505 | 3.27% |
| Outside of Metro Areas | 30 | $3,450,000 | $115,000 | $0 | 3.26% |
| Riverton, WY (FHA|USDA|VA) | 11 | $1,895,000 | $172,273 | $1,470 | 3.06% |
| Gillette, WY (FHA|USDA|VA) | 4 | $370,000 | $92,500 | $905 | 3.25% |
| Laramie, WY (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 2.70% |
| Rock Springs, WY (FHA|USDA|VA) | 2 | $110,000 | $55,000 | $0 | 2.86% |
| Evanston, WY (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 3.72% |
| Sheridan, WY (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 3.00% |
Product Mix
For 2020, Wyhy's most frequently originated type of loan was Conventional, with 221 originations. Their 2nd most popular type was Conventional, with 6 originations.
Loan Reason
For 2020, Wyhy's most frequently cited loan purpose was Refi, with 102 originations. The 2nd most popular reason was Cash Out Refi, with 93 originations.
Loan Duration/Length
For 2020, Wyhy's most frequently cited loan duration was 10 Year, with 121 originations. The 2nd most popular length was 20 Year, with 68 originations.
Origination Fees/Closing Costs
Wyhy's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 13 originations.
Interest Rates
During 2020, Wyhy's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 2.5-3%, with 92 originations.
Loan Sizing
2020 saw Wyhy place emphasis on $100k-200k loans with 103 originations, totaling $14,735,000 in origination value.
Applicant Income
Wyhy lent most frequently to those with incomes in the $100k-150k range, with 52 originations. The second most popular income band? $75k-100k, with 52 originations.
Applicant Debt to Income Ratio
Wyhy lent most frequently to those with DTI ratios of 20-30%, with 66 originations. The next most common DTI ratio? 30-36%, with 58 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 232 | $32,260,000 | $139,052 | $1,984 | 3.24% |
| Asian | 2 | $130,000 | $65,000 | $0 | 4.53% |
Approval Rates
Total approvals of all applications94.49%
Wyhy has an average approval rate.
Pick Rate
Approvals leading to origination71.37%
Wyhy has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 204 | $27,870,000 | $136,618 |
| NA | 30 | $4,520,000 | $150,667 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 5 | $445,000 | $89,000 |
| Single Family (1-4 Units):Site-Built | 229 | $31,945,000 | $139,498 |