Mountain America Mortgage Rates, Fees & Info
Sandy, UTLEI: 5493006S869XKIESMV41
Tax ID: 87-0172956
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Mortgage Data
Review & Overview
Mountain America is a small mortgage company specializing in Refi and Home Purchase loans. Mountain America has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets by origination volume include: Salt Lake City, Provo, Ogden, St. George, and Boise City among others. We have data for 73 markets. (Some data included below & more in-depth data is available with an active subscription.)Mountain America 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. Mountain America is typically an average 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.48% | 4/18/24 |
| 30 Year Conventional Purchase | 6.74% | 4/18/24 |
| 30 Year Conventional Refi | 6.51% | 4/18/24 |
| 30 Year Cash-out Refi | 6.63% | 4/18/24 |
| 30 Year FHA Purchase | 7.33% | 4/18/24 |
| 30 Year FHA Refi | 6.65% | 4/18/24 |
| 30 Year VA Purchase | 6.17% | 4/18/24 |
| 30 Year VA Refi | 6.27% | 4/18/24 |
| 30 Year USDA Purchase | 6.46% | 4/18/24 |
| 15 Year Conventional Purchase | 6.01% | 4/18/24 |
| 15 Year Conventional Refi | 6.19% | 4/18/24 |
| 15 Year Cash-out Refi | 6.19% | 4/18/24 |
| 15 Year FHA Purchase | 5.68% | 4/18/24 |
| 15 Year FHA Refi | 5.68% | 4/18/24 |
| 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. | ||
Mountain America Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
11,766Origination Dollar Volume (All Markets)
$1,486,280,000Awards
MOUNTAIN AMERICA - 2018
MOUNTAIN AMERICA is a 2018 , due to their low .
For 2018, less than of lenders were eligible for this award.
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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 |
|---|---|---|---|---|---|
| SALT LAKE CITY, UT (FHA|USDA|VA) | 4,111 | $496,325,000 | $120,731 | $2,783 | 5.54% |
| PROVO-OREM, UT (FHA|USDA|VA) | 1,696 | $229,630,000 | $135,395 | $3,278 | 5.56% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 1,163 | $134,715,000 | $115,834 | $2,417 | 5.63% |
| ST. GEORGE, UT (FHA|USDA|VA) | 754 | $93,540,000 | $124,058 | $3,181 | 5.42% |
| Outside of Metro Areas | 710 | $84,680,000 | $119,268 | $3,152 | 5.15% |
| BOISE CITY, ID (FHA|USDA|VA) | 615 | $84,245,000 | $136,984 | $3,509 | 5.57% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 516 | $67,150,000 | $130,136 | $3,374 | 5.74% |
| Heber, UT (FHA|USDA|VA) | 319 | $61,385,000 | $192,429 | $4,610 | 5.41% |
| Vernal, UT (FHA|USDA|VA) | 267 | $34,425,000 | $128,933 | $3,542 | 4.97% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 204 | $34,190,000 | $167,598 | $4,868 | 5.52% |
| Cedar City, UT (FHA|USDA|VA) | 261 | $25,835,000 | $98,985 | $2,738 | 5.33% |
| IDAHO FALLS, ID (FHA|USDA|VA) | 223 | $24,685,000 | $110,695 | $3,167 | 5.52% |
| LOGAN, UT-ID (FHA|USDA|VA) | 243 | $23,155,000 | $95,288 | $1,924 | 5.55% |
| RENO, NV (FHA|USDA|VA) | 130 | $13,830,000 | $106,385 | $2,142 | 5.74% |
| Rexburg, ID (FHA|USDA|VA) | 52 | $11,800,000 | $226,923 | $3,889 | 5.15% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 77 | $9,985,000 | $129,675 | $3,163 | 5.33% |
| POCATELLO, ID (FHA|USDA|VA) | 106 | $9,880,000 | $93,208 | $2,683 | 5.25% |
| TWIN FALLS, ID (FHA|USDA|VA) | 39 | $4,835,000 | $123,974 | $2,562 | 5.32% |
| FLAGSTAFF, AZ (FHA|USDA|VA) | 21 | $4,515,000 | $215,000 | $6,809 | 5.07% |
| Blackfoot, ID (FHA|USDA|VA) | 42 | $4,310,000 | $102,619 | $2,894 | 5.27% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 1 | $4,305,000 | $4,305,000 | $0 | 5.20% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 30 | $3,980,000 | $132,667 | $3,966 | 5.14% |
| Price, UT (FHA|USDA|VA) | 45 | $3,955,000 | $87,889 | $2,812 | 5.24% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 13 | $2,275,000 | $175,000 | $5,390 | 4.99% |
| Show Low, AZ (FHA|USDA|VA) | 9 | $1,485,000 | $165,000 | $6,608 | 5.19% |
| TUCSON, AZ (FHA|USDA|VA) | 9 | $1,085,000 | $120,556 | $3,730 | 5.62% |
| Evanston, WY (FHA|USDA|VA) | 6 | $980,000 | $163,333 | $2,542 | 4.99% |
| Hailey, ID (FHA|USDA|VA) | 4 | $870,000 | $217,500 | $3,612 | 5.25% |
| CARSON CITY, NV (FHA|USDA|VA) | 5 | $835,000 | $167,000 | $10,603 | 5.55% |
| GRAND JUNCTION, CO (FHA|USDA|VA) | 3 | $725,000 | $241,667 | $5,181 | 4.92% |
| Ontario, OR-ID (FHA|USDA|VA) | 6 | $650,000 | $108,333 | $3,477 | 5.23% |
| Mountain Home, ID (FHA|USDA|VA) | 3 | $595,000 | $198,333 | $6,720 | 4.83% |
| Glenwood Springs, CO (FHA|USDA|VA) | 1 | $595,000 | $595,000 | $2,323 | 5.00% |
| Pahrump, NV (FHA|USDA|VA) | 5 | $575,000 | $115,000 | $4,347 | 5.03% |
| Burley, ID (FHA|USDA|VA) | 3 | $545,000 | $181,667 | $4,386 | 5.71% |
| Winnemucca, NV (FHA|USDA|VA) | 4 | $540,000 | $135,000 | $0 | 6.36% |
| Carlsbad-Artesia, NM (FHA|USDA|VA) | 3 | $515,000 | $171,667 | $5,376 | 5.63% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 7 | $515,000 | $73,571 | $1,315 | 6.23% |
| Gardnerville Ranchos, NV (FHA|USDA|VA) | 3 | $465,000 | $155,000 | $2,247 | 5.62% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 4 | $460,000 | $115,000 | $0 | 6.00% |
| Jackson, WY-ID (FHA|USDA|VA) | 3 | $455,000 | $151,667 | $4,776 | 5.16% |
| SANTA FE, NM (FHA|USDA|VA) | 5 | $445,000 | $89,000 | $1,325 | 5.50% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 3 | $425,000 | $141,667 | $5,768 | 5.04% |
| Roswell, NM (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $6,537 | 4.50% |
| Elko, NV (FHA|USDA|VA) | 3 | $405,000 | $135,000 | $5,008 | 5.33% |
| Bozeman, MT (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $6,296 | 4.13% |
| Riverton, WY (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $3,237 | 4.63% |
| Grants, NM (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $8,130 | 4.63% |
| Fallon, NV (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $4,587 | 4.75% |
| Fernley, NV (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $5,695 | 5.44% |
| Outside of Metro Areas | 2 | $280,000 | $140,000 | $4,306 | 5.06% |
| Payson, AZ (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $4,920 | 4.63% |
| LAS CRUCES, NM (FHA|USDA|VA) | 3 | $265,000 | $88,333 | $2,899 | 5.58% |
| Montrose, CO (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $4,772 | 5.00% |
| Rock Springs, WY (FHA|USDA|VA) | 3 | $255,000 | $85,000 | $3,496 | 5.46% |
| Safford, AZ (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $4,000 | 4.88% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $2,446 | 4.75% |
| Prineville, OR (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $5,836 | 4.63% |
| Sandpoint, ID (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $7,893 | 4.88% |
| LEWISTON, ID-WA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $4,058 | 5.38% |
| Nogales, AZ (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 5.75% |
| Durango, CO (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $5,225 | 4.75% |
| WALLA WALLA, WA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $3,827 | 4.63% |
| Española, NM (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $3,034 | 4.75% |
| Clovis, NM (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 5.24% |
| SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $3,350 | 5.13% |
| Silver City, NM (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $2,403 | 4.63% |
| Ruidoso, NM (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 5.50% |
| FARMINGTON, NM (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 7.00% |
| MEDFORD, OR (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 7.50% |
| Moscow, ID (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $20 | 5.74% |
| Portales, NM (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 5.75% |
| MISSOULA, MT (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 6.50% |
Similar Lenders
We use machine learning to identify the top lenders compared against MOUNTAIN AMERICA based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
For 2018, Mountain America's most frequently originated type of loan was HELOC, with 5,751 originations. Their 2nd most popular type was Conventional, with 5,714 originations.
Loan Reason
For 2018, Mountain America's most frequently cited loan purpose was Refi, with 4,117 originations. The 2nd most popular reason was Home Purchase, with 2,488 originations.
Loan Duration/Length
For 2018, Mountain America's most frequently cited loan duration was 20 Year, with 6,035 originations. The 2nd most popular length was 30 Year, with 2,260 originations.
Origination Fees/Closing Costs
Mountain America's average total fees were $5,246, while their most frequently occuring range of origination fees (closing costs) were in the $2k-3k bucket, with 961 originations.
Interest Rates
During 2018, Mountain America's average interest rate for loans was 4.74%, while their most frequently originated rate bucket for loans was 5-6%, with 5,022 originations.
Loan Sizing
2018 saw Mountain America place emphasis on $100,000 or less loans with 6,682 originations, totaling $315,710,000 in origination value.
Applicant Income
Mountain America lent most frequently to those with incomes in the $50k-75k range, with 3,148 originations. The second most popular income band? $75k-100k, with 2,555 originations.
Applicant Debt to Income Ratio
Mountain America lent most frequently to those with DTI ratios of 30-36%, with 2,587 originations. The next most common DTI ratio? 20-30%, with 2,378 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications78.38%
Mountain America has a below average approval rate.
Pick Rate
Approvals leading to origination67.26%
Mountain America 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 | 11,766 | $1,486,280,000 | $126,320 |
Occupancy Type Mix
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| MOUNTAIN WEST FINANCIAL, INC. | Conventional home mortgage | Trouble during payment process | 1 | 50.0% |
| MOUNTAIN WEST FINANCIAL, INC. | FHA mortgage | Trouble during payment process | 1 | 50.0% |