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 mid-sized mortgage company specializing in Home Improvement, 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, Phoenix, Ogden, and St. George among others. We have data for 112 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% | 4/28/24 |
| 30 Year Conventional Purchase | 6.74% | 4/28/24 |
| 30 Year Conventional Refi | 6.51% | 4/28/24 |
| 30 Year Cash-out Refi | 6.63% | 4/28/24 |
| 30 Year FHA Purchase | 7.33% | 4/28/24 |
| 30 Year FHA Refi | 6.65% | 4/28/24 |
| 30 Year VA Purchase | 6.17% | 4/28/24 |
| 30 Year VA Refi | 6.27% | 4/28/24 |
| 30 Year USDA Purchase | 6.46% | 4/28/24 |
| 15 Year Conventional Purchase | 6.01% | 4/28/24 |
| 15 Year Conventional Refi | 6.19% | 4/28/24 |
| 15 Year Cash-out Refi | 6.19% | 4/28/24 |
| 15 Year FHA Purchase | 5.68% | 4/28/24 |
| 15 Year FHA Refi | 5.68% | 4/28/24 |
| 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
21,746Origination Dollar Volume (All Markets)
$3,756,790,000Awards
MOUNTAIN AMERICA - 2022
MOUNTAIN AMERICA is a 2022 , due to their low .
For 2022, 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) | 6,255 | $1,004,875,000 | $160,651 | $3,196 | 5.35% |
| PROVO-OREM, UT (FHA|USDA|VA) | 3,166 | $571,250,000 | $180,433 | $3,884 | 5.38% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 2,073 | $347,555,000 | $167,658 | $4,323 | 5.62% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 2,220 | $345,500,000 | $155,631 | $2,959 | 5.45% |
| ST. GEORGE, UT (FHA|USDA|VA) | 1,371 | $236,475,000 | $172,484 | $3,874 | 5.30% |
| Outside of Metro Areas | 1,023 | $162,455,000 | $158,803 | $3,614 | 5.27% |
| BOISE CITY, ID (FHA|USDA|VA) | 938 | $160,200,000 | $170,789 | $3,622 | 5.36% |
| Heber, UT (FHA|USDA|VA) | 460 | $135,370,000 | $294,283 | $6,756 | 5.06% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 579 | $102,915,000 | $177,746 | $4,135 | 5.63% |
| LOGAN, UT-ID (FHA|USDA|VA) | 418 | $66,480,000 | $159,043 | $2,875 | 5.59% |
| Vernal, UT (FHA|USDA|VA) | 458 | $64,460,000 | $140,742 | $3,422 | 5.47% |
| Cedar City, UT (FHA|USDA|VA) | 440 | $64,310,000 | $146,159 | $3,949 | 5.44% |
| IDAHO FALLS, ID (FHA|USDA|VA) | 388 | $61,500,000 | $158,505 | $3,222 | 5.38% |
| RENO, NV (FHA|USDA|VA) | 259 | $50,245,000 | $193,996 | $3,476 | 5.40% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 194 | $33,920,000 | $174,845 | $4,289 | 5.30% |
| Rexburg, ID (FHA|USDA|VA) | 118 | $30,680,000 | $260,000 | $6,122 | 5.70% |
| POCATELLO, ID (FHA|USDA|VA) | 174 | $23,170,000 | $133,161 | $3,793 | 5.62% |
| Bozeman, MT (FHA|USDA|VA) | 8 | $17,450,000 | $2,181,250 | $0 | 5.81% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 42 | $16,910,000 | $402,619 | $12,108 | 5.32% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 32 | $14,730,000 | $460,313 | $14,089 | 6.19% |
| FLAGSTAFF, AZ (FHA|USDA|VA) | 48 | $13,580,000 | $282,917 | $7,725 | 5.59% |
| Blackfoot, ID (FHA|USDA|VA) | 81 | $13,425,000 | $165,741 | $3,403 | 5.16% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 74 | $11,910,000 | $160,946 | $3,925 | 5.60% |
| Price, UT (FHA|USDA|VA) | 96 | $11,900,000 | $123,958 | $3,258 | 5.69% |
| TWIN FALLS, ID (FHA|USDA|VA) | 85 | $11,425,000 | $134,412 | $3,031 | 6.01% |
| BILLINGS, MT (FHA|USDA|VA) | 76 | $10,490,000 | $138,026 | $4,608 | 5.66% |
| Show Low, AZ (FHA|USDA|VA) | 33 | $9,455,000 | $286,515 | $8,083 | 5.26% |
| Outside of Metro Areas | 32 | $9,370,000 | $292,813 | $7,289 | 5.31% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 22 | $8,710,000 | $395,909 | $10,526 | 5.89% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 19 | $8,335,000 | $438,684 | $12,160 | 5.50% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 33 | $8,085,000 | $245,000 | $6,140 | 4.99% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 26 | $7,750,000 | $298,077 | $10,168 | 5.49% |
| TUCSON, AZ (FHA|USDA|VA) | 42 | $7,650,000 | $182,143 | $4,868 | 5.73% |
| Evanston, WY (FHA|USDA|VA) | 13 | $6,745,000 | $518,846 | $2,589 | 5.94% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 14 | $6,480,000 | $462,857 | $5,019 | 4.62% |
| Payson, AZ (FHA|USDA|VA) | 18 | $6,100,000 | $338,889 | $10,130 | 5.62% |
| Jackson, WY-ID (FHA|USDA|VA) | 17 | $5,905,000 | $347,353 | $10,488 | 5.82% |
| FORT COLLINS, CO (FHA|USDA|VA) | 13 | $5,195,000 | $399,615 | $15,131 | 5.33% |
| GRAND JUNCTION, CO (FHA|USDA|VA) | 24 | $5,190,000 | $216,250 | $4,874 | 5.72% |
| MISSOULA, MT (FHA|USDA|VA) | 27 | $5,095,000 | $188,704 | $2,652 | 5.33% |
| GREELEY, CO (FHA|USDA|VA) | 17 | $5,015,000 | $295,000 | $11,726 | 5.40% |
| ANCHORAGE, AK (FHA|USDA|VA) | 1 | $3,905,000 | $3,905,000 | $0 | 4.10% |
| Burley, ID (FHA|USDA|VA) | 20 | $3,310,000 | $165,500 | $4,214 | 5.35% |
| KENNEWICK-RICHLAND, WA (FHA|USDA|VA) | 9 | $3,065,000 | $340,556 | $16,173 | 6.26% |
| Mountain Home, ID (FHA|USDA|VA) | 14 | $2,900,000 | $207,143 | $4,699 | 5.72% |
| YUMA, AZ (FHA|USDA|VA) | 15 | $2,805,000 | $187,000 | $0 | 5.56% |
| SALEM, OR (FHA|USDA|VA) | 6 | $2,630,000 | $438,333 | $12,881 | 5.69% |
| Rock Springs, WY (FHA|USDA|VA) | 15 | $2,445,000 | $163,000 | $5,270 | 5.23% |
| Ontario, OR-ID (FHA|USDA|VA) | 17 | $2,435,000 | $143,235 | $2,922 | 6.01% |
| Fernley, NV (FHA|USDA|VA) | 17 | $2,355,000 | $138,529 | $4,957 | 5.54% |
| Shelton, WA (FHA|USDA|VA) | 5 | $2,065,000 | $413,000 | $13,298 | 6.13% |
| Port Angeles, WA (FHA|USDA|VA) | 5 | $1,975,000 | $395,000 | $10,003 | 5.90% |
| SANTA FE, NM (FHA|USDA|VA) | 7 | $1,885,000 | $269,286 | $7,866 | 4.70% |
| GREAT FALLS, MT (FHA|USDA|VA) | 5 | $1,695,000 | $339,000 | $7,761 | 5.80% |
| Centralia, WA (FHA|USDA|VA) | 5 | $1,655,000 | $331,000 | $10,783 | 5.75% |
| Glenwood Springs, CO (FHA|USDA|VA) | 3 | $1,565,000 | $521,667 | $16,035 | 5.46% |
| Elko, NV (FHA|USDA|VA) | 10 | $1,510,000 | $151,000 | $5,008 | 5.25% |
| Aberdeen, WA (FHA|USDA|VA) | 5 | $1,435,000 | $287,000 | $10,750 | 6.88% |
| PUEBLO, CO (FHA|USDA|VA) | 4 | $1,380,000 | $345,000 | $7,799 | 5.09% |
| Winnemucca, NV (FHA|USDA|VA) | 7 | $1,355,000 | $193,571 | $5,002 | 5.03% |
| MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) | 3 | $1,315,000 | $438,333 | $6,796 | 5.75% |
| WALLA WALLA, WA (FHA|USDA|VA) | 3 | $1,315,000 | $438,333 | $10,494 | 6.17% |
| ALBANY-LEBANON, OR (FHA|USDA|VA) | 3 | $1,115,000 | $371,667 | $6,656 | 6.00% |
| Gardnerville Ranchos, NV (FHA|USDA|VA) | 7 | $1,095,000 | $156,429 | $5,650 | 5.05% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 4 | $1,050,000 | $262,500 | $10,136 | 5.97% |
| Kalispell, MT (FHA|USDA|VA) | 6 | $1,040,000 | $173,333 | $5,686 | 6.39% |
| Pahrump, NV (FHA|USDA|VA) | 8 | $1,030,000 | $128,750 | $4,195 | 5.09% |
| YAKIMA, WA (FHA|USDA|VA) | 4 | $1,020,000 | $255,000 | $9,824 | 6.25% |
| Oak Harbor, WA (FHA|USDA|VA) | 2 | $980,000 | $490,000 | $8,111 | 4.63% |
| LAS CRUCES, NM (FHA|USDA|VA) | 10 | $940,000 | $94,000 | $743 | 5.02% |
| Montrose, CO (FHA|USDA|VA) | 4 | $900,000 | $225,000 | $0 | 5.69% |
| Sandpoint, ID (FHA|USDA|VA) | 5 | $855,000 | $171,000 | $6,561 | 4.62% |
| Butte-Silver Bow, MT (FHA|USDA|VA) | 3 | $835,000 | $278,333 | $7,008 | 6.04% |
| Hermiston-Pendleton, OR (FHA|USDA|VA) | 5 | $825,000 | $165,000 | $8,481 | 5.20% |
| SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) | 8 | $820,000 | $102,500 | $1,793 | 6.16% |
| Ellensburg, WA (FHA|USDA|VA) | 2 | $710,000 | $355,000 | $0 | 5.88% |
| EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) | 2 | $630,000 | $315,000 | $8,086 | 4.81% |
| BEND, OR (FHA|USDA|VA) | 2 | $630,000 | $315,000 | $0 | 5.44% |
| LONGVIEW, WA (FHA|USDA|VA) | 3 | $625,000 | $208,333 | $5,616 | 5.50% |
| CARSON CITY, NV (FHA|USDA|VA) | 10 | $580,000 | $58,000 | $0 | 5.70% |
| CHEYENNE, WY (FHA|USDA|VA) | 2 | $570,000 | $285,000 | $1,309 | 5.37% |
| Gallup, NM (FHA|USDA|VA) | 2 | $550,000 | $275,000 | $8,506 | 4.00% |
| FARMINGTON, NM (FHA|USDA|VA) | 5 | $525,000 | $105,000 | $4,848 | 5.80% |
| Brookings, OR (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $0 | 5.63% |
| Edwards, CO (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $0 | 5.75% |
| Newport, OR (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $3,776 | 5.75% |
| Steamboat Springs, CO (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $0 | 3.75% |
| Fallon, NV (FHA|USDA|VA) | 5 | $375,000 | $75,000 | $0 | 4.74% |
| STAUNTON, VA (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $0 | 5.50% |
| Grants, NM (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $3,600 | 4.75% |
| BELLINGHAM, WA (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $0 | 4.88% |
| Klamath Falls, OR (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $0 | 3.13% |
| Moscow, ID (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $4,840 | 6.19% |
| Nogales, AZ (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $0 | 6.81% |
| Silver City, NM (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $3,149 | 5.69% |
| Hailey, ID (FHA|USDA|VA) | 3 | $255,000 | $85,000 | $0 | 5.39% |
| Taos, NM (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $6,760 | 4.63% |
| CASPER, WY (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 4.25% |
| BOULDER, CO (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 4.75% |
| Safford, AZ (FHA|USDA|VA) | 2 | $180,000 | $90,000 | $2,347 | 5.63% |
| La Grande, OR (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 3.74% |
| Alamogordo, NM (FHA|USDA|VA) | 4 | $110,000 | $27,500 | $1,433 | 6.15% |
| Los Alamos, NM (FHA|USDA|VA) | 2 | $100,000 | $50,000 | $0 | 4.37% |
| WENATCHEE, WA (FHA|USDA|VA) | 2 | $90,000 | $45,000 | $0 | 6.50% |
| Helena, MT (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 5.50% |
| Craig, CO (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 4.25% |
| Roseburg, OR (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 9.00% |
| Durango, CO (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 4.25% |
| LEWISTON, ID-WA (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $1,687 | 6.63% |
| Gillette, WY (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 5.24% |
| Fort Morgan, CO (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 7.50% |
| Roswell, NM (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 3.49% |
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 2022, Mountain America's most frequently originated type of loan was HELOC, with 15,236 originations. Their 2nd most popular type was Conventional, with 6,389 originations.
Loan Reason
For 2022, Mountain America's most frequently cited loan purpose was Home Improvement, with 8,393 originations. The 2nd most popular reason was Refi, with 5,209 originations.
Loan Duration/Length
For 2022, Mountain America's most frequently cited loan duration was 20 Year, with 15,339 originations. The 2nd most popular length was 15 Year, with 2,178 originations.
Origination Fees/Closing Costs
Mountain America's average total fees were $7,490, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 2,894 originations.
Interest Rates
During 2022, Mountain America's average interest rate for loans was 4.79%, while their most frequently originated rate bucket for loans was 4-5%, with 6,309 originations.
Loan Sizing
2022 saw Mountain America place emphasis on $100,000 or less loans with 9,450 originations, totaling $518,990,000 in origination value.
Applicant Income
Mountain America lent most frequently to those with incomes in the $100k-150k range, with 6,079 originations. The second most popular income band? $75k-100k, with 4,452 originations.
Applicant Debt to Income Ratio
Mountain America lent most frequently to those with DTI ratios of 20-30%, with 4,382 originations. The next most common DTI ratio? 30-36%, with 4,328 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications75.41%
Mountain America has a below average approval rate.
Pick Rate
Approvals leading to origination79.00%
Mountain America has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 21,746 | $3,756,790,000 | $172,758 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 21,746 | $3,756,790,000 | $172,758 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2022 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| MOUNTAIN AMERICA FEDERAL CREDIT UNION | Home equity loan or line of credit (HELOC) | Applying for a mortgage or refinancing an existing mortgage | 1 | 100.0% |