Global Mortgage Rates, Fees & Info
Spokane, WALEI: 5493006XP2M53G3AP658
Tax ID: 91-0620799
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Mortgage Data
Review & Overview
Global is a smaller mortgage company specializing in Home Purchase and Refi loans. Global 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.) Their top markets by origination volume include: Spokane, Los Angeles, Riverside, San Jose, and Sandpoint among others. We have data for 35 markets. (Some data included below & more in-depth data is available with an active subscription.)Global 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. Global 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.
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Originations
253Origination Dollar Volume (All Markets)
$44,205,000Awards
GLOBAL - 2018
GLOBAL 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 |
|---|---|---|---|---|---|
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 65 | $14,985,000 | $230,538 | $3,390 | 4.90% |
| Outside of Metro Areas | 35 | $7,865,000 | $224,714 | $3,589 | 4.76% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 31 | $4,165,000 | $134,355 | $0 | 6.37% |
| Outside of Metro Areas | 14 | $3,080,000 | $220,000 | $3,333 | 5.64% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 18 | $1,800,000 | $100,000 | $0 | 6.80% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 10 | $1,770,000 | $177,000 | $0 | 6.07% |
| Sandpoint, ID (FHA|USDA|VA) | 6 | $1,580,000 | $263,333 | $6,531 | 5.31% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 10 | $1,100,000 | $110,000 | $0 | 6.25% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 11 | $1,005,000 | $91,364 | $0 | 6.66% |
| KENNEWICK-RICHLAND, WA (FHA|USDA|VA) | 3 | $865,000 | $288,333 | $3,533 | 4.17% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 5 | $855,000 | $171,000 | $5,459 | 5.87% |
| NAPA, CA (FHA|USDA|VA) | 4 | $750,000 | $187,500 | $0 | 6.81% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 10 | $640,000 | $64,000 | $0 | 6.35% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 4 | $520,000 | $130,000 | $0 | 6.50% |
| MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $50 | 5.13% |
| Moses Lake, WA (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $2,514 | 4.75% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $0 | 7.13% |
| MODESTO, CA (FHA|USDA|VA) | 3 | $285,000 | $95,000 | $0 | 7.00% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 7.00% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $0 | 6.50% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 3 | $215,000 | $71,667 | $0 | 6.25% |
| Brookings, OR (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 5.99% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 5.99% |
| BOISE CITY, ID (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,420 | 4.63% |
| Roseburg, OR (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 6.50% |
| VALLEJO, CA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 6.75% |
| Othello, WA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $3,329 | 4.88% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 5.99% |
| Taos, NM (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 5.99% |
| WALLA WALLA, WA (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 6.25% |
| FRESNO, CA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 6.75% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 7.25% |
| EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 7.25% |
| MEDFORD, OR (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 7.00% |
| BEND, OR (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 7.50% |
Similar Lenders
We use machine learning to identify the top lenders compared against GLOBAL based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 126
Similarity Rank: 275
Similarity Rank: 448
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Similarity Rank: 992
Similarity Rank: 1120
Similarity Rank: 1368
Similarity Rank: 2366
Similarity Rank: 2450
Similarity Rank: 2610
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 226 | $38,180,000 | $168,938 | $3,420 | 5.84% |
| VA | 16 | $3,870,000 | $241,875 | $3,332 | 4.52% |
| FHA | 11 | $2,155,000 | $195,909 | $4,854 | 4.61% |
For 2018, Global's most frequently originated type of loan was Conventional, with 226 originations. Their 2nd most popular type was VA, with 16 originations.
Loan Reason
For 2018, Global's most frequently cited loan purpose was Home Purchase, with 194 originations. The 2nd most popular reason was Refi, with 42 originations.
Loan Duration/Length
For 2018, Global's most frequently cited loan duration was 30 Year, with 110 originations. The 2nd most popular length was 20 Year, with 65 originations.
Origination Fees/Closing Costs
Global's average total fees were $3,544, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 58 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 5-6% | 87 | $15,215,000 | $174,885 |
| 4-5% | 76 | $17,670,000 | $232,500 |
| 6-7% | 68 | $8,700,000 | $127,941 |
| 7-8% | 13 | $1,035,000 | $79,615 |
| 3-4% | 9 | $1,585,000 | $176,111 |
During 2018, Global's average interest rate for loans was 4.91%, while their most frequently originated rate bucket for loans was 5-6%, with 87 originations.
Loan Sizing
2018 saw Global place emphasis on $100k-200k loans with 100 originations, totaling $15,100,000 in origination value.
Applicant Income
Global lent most frequently to those with incomes in the $50k-75k range, with 84 originations. The second most popular income band? $75k-100k, with 48 originations.
Applicant Debt to Income Ratio
Global lent most frequently to those with DTI ratios of 30-36%, with 62 originations. The next most common DTI ratio? 20-30%, with 49 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications89.76%
Global has an average approval rate.
Pick Rate
Approvals leading to origination40.71%
Global 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 |
|---|---|---|---|
| 1180.0 | 1 | $25,000 | $25,000 |
| 1211.0 | 1 | $25,000 | $25,000 |
| 1409.0 | 1 | $35,000 | $35,000 |
| 1457.0 | 1 | $35,000 | $35,000 |
| 1479.4 | 1 | $35,000 | $35,000 |
| 1538.0 | 1 | $35,000 | $35,000 |
| 1660.0 | 1 | $35,000 | $35,000 |
| 1730.0 | 1 | $35,000 | $35,000 |
| 1735.0 | 1 | $35,000 | $35,000 |
| 1740.41 | 1 | $15,000 | $15,000 |
| 1807.0 | 1 | $55,000 | $55,000 |
| 1920.78 | 1 | $45,000 | $45,000 |
| 1923.0 | 1 | $55,000 | $55,000 |
| 2044.45 | 1 | $65,000 | $65,000 |
| 2045.52 | 1 | $65,000 | $65,000 |
| 2077.22 | 1 | $65,000 | $65,000 |
| 2159.0 | 1 | $65,000 | $65,000 |
| 2231.2 | 1 | $75,000 | $75,000 |
| 2319.0 | 1 | $75,000 | $75,000 |
| 2341.52 | 1 | $75,000 | $75,000 |
| 2350.0 | 1 | $55,000 | $55,000 |
| 2401.72 | 1 | $85,000 | $85,000 |
| 2427.41 | 1 | $115,000 | $115,000 |
| 2457.15 | 1 | $85,000 | $85,000 |
| 2476.0 | 1 | $65,000 | $65,000 |
| 2483.69 | 1 | $85,000 | $85,000 |
| 2599.0 | 1 | $65,000 | $65,000 |
| 2611.0 | 1 | $55,000 | $55,000 |
| 2631.0 | 1 | $55,000 | $55,000 |
| 2689.0 | 1 | $95,000 | $95,000 |
| 2689.84 | 1 | $95,000 | $95,000 |
| 2699.0 | 1 | $95,000 | $95,000 |
| 2739.0 | 1 | $95,000 | $95,000 |
| 2760.0 | 1 | $95,000 | $95,000 |
| 2801.13 | 1 | $105,000 | $105,000 |
| 2855.93 | 1 | $105,000 | $105,000 |
| 2862.22 | 1 | $105,000 | $105,000 |
| 2869.0 | 1 | $105,000 | $105,000 |
| 2920.0 | 1 | $65,000 | $65,000 |
| 2999.0 | 1 | $115,000 | $115,000 |
| 3000.0 | 1 | $105,000 | $105,000 |
| 3040.0 | 1 | $75,000 | $75,000 |
| 3066.98 | 1 | $95,000 | $95,000 |
| 3080.0 | 1 | $105,000 | $105,000 |
| 3087.0 | 3 | $265,000 | $88,333 |
| 3153.0 | 1 | $75,000 | $75,000 |
| 3154.0 | 1 | $75,000 | $75,000 |
| 3155.0 | 6 | $550,000 | $91,667 |
| 3165.0 | 1 | $115,000 | $115,000 |
| 3288.53 | 1 | $125,000 | $125,000 |
| 3316.93 | 1 | $125,000 | $125,000 |
| 3329.27 | 1 | $125,000 | $125,000 |
| 3371.81 | 1 | $125,000 | $125,000 |
| 3432.92 | 1 | $135,000 | $135,000 |
| 3435.35 | 1 | $135,000 | $135,000 |
| 3499.0 | 1 | $135,000 | $135,000 |
| 3519.0 | 1 | $135,000 | $135,000 |
| 3557.5 | 1 | $135,000 | $135,000 |
| 3599.0 | 1 | $145,000 | $145,000 |
| 3677.4 | 1 | $145,000 | $145,000 |
| 3727.5 | 1 | $145,000 | $145,000 |
| 3749.23 | 1 | $145,000 | $145,000 |
| 3757.25 | 1 | $145,000 | $145,000 |
| 3766.7 | 1 | $145,000 | $145,000 |
| 3767.02 | 1 | $145,000 | $145,000 |
| 3848.02 | 1 | $155,000 | $155,000 |
| 3875.0 | 1 | $155,000 | $155,000 |
| 3894.0 | 1 | $135,000 | $135,000 |
| 3921.76 | 1 | $155,000 | $155,000 |
| 3949.0 | 1 | $155,000 | $155,000 |
| 3972.0 | 1 | $155,000 | $155,000 |
| 3983.0 | 1 | $155,000 | $155,000 |
| 4045.1 | 1 | $165,000 | $165,000 |
| 4129.0 | 1 | $165,000 | $165,000 |
| 4185.0 | 1 | $165,000 | $165,000 |
| 4219.0 | 1 | $175,000 | $175,000 |
| 4234.96 | 1 | $175,000 | $175,000 |
| 4275.91 | 1 | $175,000 | $175,000 |
| 4279.0 | 1 | $175,000 | $175,000 |
| 4300.0 | 1 | $145,000 | $145,000 |
| 4417.0 | 1 | $155,000 | $155,000 |
| 4651.03 | 1 | $195,000 | $195,000 |
| 4827.0 | 1 | $205,000 | $205,000 |
| 4858.85 | 1 | $205,000 | $205,000 |
| 4869.21 | 1 | $205,000 | $205,000 |
| 4921.0 | 1 | $205,000 | $205,000 |
| 5045.1 | 1 | $215,000 | $215,000 |
| 5100.0 | 1 | $185,000 | $185,000 |
| 5325.16 | 1 | $225,000 | $225,000 |
| 5409.0 | 1 | $185,000 | $185,000 |
| 5487.0 | 1 | $235,000 | $235,000 |
| 6032.85 | 1 | $265,000 | $265,000 |
| 7019.0 | 1 | $315,000 | $315,000 |
| 749.0 | 2 | $200,000 | $100,000 |
| 799.0 | 24 | $2,840,000 | $118,333 |
| NA | 127 | $29,625,000 | $233,268 |
Occupancy Type Mix
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Global Equity Finance, Inc. | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 16.7% |
| Global Equity Finance, Inc. | Conventional home mortgage | Trouble during payment process | 1 | 16.7% |
| Global Equity Finance, Inc. | FHA mortgage | Closing on a mortgage | 1 | 16.7% |
| Global Equity Finance, Inc. | Home equity loan or line of credit (HELOC) | Applying for a mortgage or refinancing an existing mortgage | 1 | 16.7% |
| Global Equity Finance, Inc. | Reverse mortgage | Closing on a mortgage | 1 | 16.7% |
| Global Equity Finance, Inc. | VA mortgage | Trouble during payment process | 1 | 16.7% |