Global Mortgage Rates, Fees & Info

Spokane, WA

LEI: 5493006XP2M53G3AP658

Tax ID: 91-0620799

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

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Mortgage Data

Review & Overview

Global is a smaller mortgage company specializing in Home Purchase, Refi, and Cash Out Refi loans. Global has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Spokane, Sandpoint, Los Angeles, San Francisco, and Wenatchee among others. We have data for 39 markets. (Some data included below & more in-depth data is available with an active subscription.)

Global 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. 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

440

Origination Dollar Volume (All Markets)

$95,000,000
Show all (9) 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
SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 165 $39,445,000 $239,061 $3,343 3.16%
Outside of Metro Areas 118 $31,410,000 $266,186 $4,503 3.10%
Sandpoint, ID (FHA|USDA|VA) 14 $4,070,000 $290,714 $5,675 2.95%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 20 $2,640,000 $132,000 $0 6.64%
Outside of Metro Areas 14 $2,400,000 $171,429 $2,715 4.12%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 14 $2,290,000 $163,571 $0 6.64%
WENATCHEE, WA (FHA|USDA|VA) 6 $1,910,000 $318,333 $3,156 2.73%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 14 $1,390,000 $99,286 $0 6.95%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 10 $1,390,000 $139,000 $0 6.00%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 7 $1,015,000 $145,000 $0 6.39%
KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 5 $985,000 $197,000 $5,052 4.55%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 11 $905,000 $82,273 $0 6.98%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 8 $630,000 $78,750 $0 6.28%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 4 $590,000 $147,500 $8,209 4.69%
BOISE CITY, ID (FHA|USDA|VA) 1 $575,000 $575,000 $9,691 2.99%
NAPA, CA (FHA|USDA|VA) 2 $360,000 $180,000 $0 7.00%
BELLINGHAM, WA (FHA|USDA|VA) 1 $305,000 $305,000 $4,937 3.00%
Pullman, WA (FHA|USDA|VA) 1 $265,000 $265,000 $2,841 3.50%
Moscow, ID (FHA|USDA|VA) 1 $215,000 $215,000 $3,264 2.75%
WALLA WALLA, WA (FHA|USDA|VA) 1 $215,000 $215,000 $2,093 3.00%
YAKIMA, WA (FHA|USDA|VA) 2 $210,000 $105,000 $271 5.00%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 2 $200,000 $100,000 $0 5.99%
Roseburg, OR (FHA|USDA|VA) 1 $165,000 $165,000 $0 7.00%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 1 $145,000 $145,000 $0 5.99%
BEND, OR (FHA|USDA|VA) 2 $140,000 $70,000 $0 7.38%
FARMINGTON, NM (FHA|USDA|VA) 1 $125,000 $125,000 $0 5.99%
STOCKTON, CA (FHA|USDA|VA) 1 $115,000 $115,000 $0 7.00%
TUCSON, AZ (FHA|USDA|VA) 1 $105,000 $105,000 $0 7.00%
LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 1 $105,000 $105,000 $0 6.75%
FRESNO, CA (FHA|USDA|VA) 1 $105,000 $105,000 $0 7.25%
MODESTO, CA (FHA|USDA|VA) 1 $95,000 $95,000 $0 6.50%
REDDING, CA (FHA|USDA|VA) 2 $80,000 $40,000 $0 6.25%
EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 1 $75,000 $75,000 $0 6.50%
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 1 $65,000 $65,000 $0 5.99%
Centralia, WA (FHA|USDA|VA) 1 $65,000 $65,000 $0 6.25%
LONGVIEW, WA (FHA|USDA|VA) 1 $55,000 $55,000 $0 7.75%
Newport, OR (FHA|USDA|VA) 1 $55,000 $55,000 $0 6.50%
BAKERSFIELD, CA (FHA|USDA|VA) 1 $45,000 $45,000 $0 7.00%
SALEM, OR (FHA|USDA|VA) 1 $45,000 $45,000 $0 5.75%
Global's top markets include Spokane, Sandpoint, Los Angeles, San Francisco, and Wenatchee among others.

Their top states include:
  • Washington (FHA|USDA|VA)
  • Idaho (FHA|USDA|VA)
  • California (FHA|USDA|VA)
  • Oregon (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • 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.

    SPOKANE FIREFIGHTERS CREDIT UNION
    Similarity Rank: 231
    Solarity Credit Union
    Similarity Rank: 2678
    SAMMAMISH MORTGAGE COMPANY
    Similarity Rank: 2800
    Columbia State Bank
    Similarity Rank: 2840
    1st Security Bank of Washington
    Similarity Rank: 2907
    MID AMERICA MORTGAGE, INC.
    Similarity Rank: 2920
    PLANET HOME LENDING, LLC
    Similarity Rank: 3305
    Wyndham Capital Mortgage, Inc.
    Similarity Rank: 3808
    BAYSHORE MORTGAGE FUNDING, LLC
    Similarity Rank: 4356

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 381 $79,705,000 $209,199 $3,701 4.21%
    VA 35 $9,645,000 $275,571 $4,221 2.72%
    FHA 23 $5,365,000 $233,261 $5,809 3.16%
    USDA 1 $285,000 $285,000 $2,879 3.25%

    For 2020, Global's most frequently originated type of loan was Conventional, with 381 originations. Their 2nd most popular type was VA, with 35 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 201 $38,795,000 $193,010 $3,223 5.05%
    Refi 124 $30,900,000 $249,194 $4,455 3.15%
    Cash Out Refi 115 $25,305,000 $220,043 $3,859 3.23%

    For 2020, Global's most frequently cited loan purpose was Home Purchase, with 201 originations. The 2nd most popular reason was Refi, with 124 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 258 $64,740,000 $250,930 $3,855 3.04%
    20 Year 106 $12,080,000 $113,962 $2,242 6.07%
    15 Year 32 $4,850,000 $151,563 $3,278 3.25%
    Other 25 $3,745,000 $149,800 $0 6.59%
    30+ year 11 $4,105,000 $373,182 $12,222 4.19%
    10 Year 8 $5,480,000 $685,000 $863 4.13%

    For 2020, Global's most frequently cited loan duration was 30 Year, with 258 originations. The 2nd most popular length was 20 Year, with 106 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 148 $33,290,000 $224,932
    $1k-2k 62 $13,520,000 $218,065
    $2k-3k 58 $13,270,000 $228,793
    $3k-4k 27 $7,425,000 $275,000
    $5k+ 17 $6,695,000 $393,824
    $4k-5k 6 $2,190,000 $365,000

    Global's average total fees were $3,855, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 148 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 135 $34,045,000 $252,185
    3-4% 119 $29,705,000 $249,622
    6-7% 58 $6,850,000 $118,103
    <2.5% 49 $11,575,000 $236,224
    5-6% 39 $4,275,000 $109,615
    7-8% 23 $2,345,000 $101,957
    4-5% 17 $6,205,000 $365,000

    During 2020, Global's average interest rate for loans was 3.04%, while their most frequently originated rate bucket for loans was 2.5-3%, with 135 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 186 $50,450,000 $271,237 $4,138 3.24%
    $100k-200k 151 $22,335,000 $147,914 $3,282 4.35%
    $100,000 or less 73 $5,015,000 $68,699 $1,776 5.76%
    $400k-600k 24 $11,050,000 $460,417 $6,072 3.05%
    $1MM+ 3 $3,645,000 $1,215,000 $0 3.71%
    $600k-1MM 3 $2,505,000 $835,000 $11,760 3.92%

    2020 saw Global place emphasis on $200k-400k loans with 186 originations, totaling $50,450,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 114 $21,870,000 $191,842 $3,713 3.94%
    $75k-100k 97 $19,785,000 $203,969 $4,289 4.33%
    $100k-150k 90 $21,520,000 $239,111 $4,450 4.33%
    $50k or less 77 $11,575,000 $150,325 $3,269 3.56%
    $150k-250k 40 $10,710,000 $267,750 $4,224 4.07%
    $250k+ 8 $2,350,000 $293,750 $5,086 4.06%

    Global lent most frequently to those with incomes in the $50k-75k range, with 114 originations. The second most popular income band? $75k-100k, with 97 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 108 $23,260,000 $215,370 $3,393 3.82%
    30-36% 84 $16,600,000 $197,619 $4,257 4.34%
    <20% 40 $7,790,000 $194,750 $3,392 3.28%
    41% 31 $5,725,000 $184,677 $3,559 4.72%
    40% 28 $5,440,000 $194,286 $4,595 4.56%
    36% 22 $3,690,000 $167,727 $5,052 4.86%
    42% 20 $3,520,000 $176,000 $3,344 4.54%
    44% 17 $4,405,000 $259,118 $4,486 3.32%
    38% 16 $3,300,000 $206,250 $3,868 3.88%
    37% 16 $3,020,000 $188,750 $3,537 3.80%
    39% 16 $2,980,000 $186,250 $2,451 5.13%
    43% 10 $2,480,000 $248,000 $4,085 3.11%
    48% 9 $2,445,000 $271,667 $4,126 3.01%
    49% 7 $1,785,000 $255,000 $5,600 3.27%
    45% 4 $1,560,000 $390,000 $9,107 3.22%
    46% 3 $805,000 $268,333 $3,534 2.96%
    47% 2 $440,000 $220,000 $5,699 3.19%
    50-60% 1 $325,000 $325,000 $2,631 3.50%

    Global lent most frequently to those with DTI ratios of 20-30%, with 108 originations. The next most common DTI ratio? 30-36%, with 84 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 358 $73,670,000 $205,782 $3,994 3.98%
    Not provided 50 $11,260,000 $225,200 $3,539 4.22%
    Not applicable 6 $5,430,000 $905,000 $0 3.65%
    Asian 12 $2,360,000 $196,667 $2,235 4.36%
    Black 6 $1,100,000 $183,333 $2,769 4.10%
    American Indian 4 $690,000 $172,500 $1,953 5.87%
    Native Hawaiian or Islander 3 $415,000 $138,333 $12,222 5.67%
    Asian Indian 1 $75,000 $75,000 $4,029 1.75%

    Approval Rates

    Total approvals of all applications
    93.02%

    Global has an average approval rate.

    Pick Rate

    Approvals leading to origination
    21.36%

    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
    1497.3 1 $35,000 $35,000
    1676.0 1 $35,000 $35,000
    1852.0 1 $35,000 $35,000
    1955.0 1 $45,000 $45,000
    2021.5 1 $45,000 $45,000
    2069.22 1 $45,000 $45,000
    2092.9 1 $45,000 $45,000
    2111.68 1 $65,000 $65,000
    2125.04 1 $45,000 $45,000
    2301.42 1 $55,000 $55,000
    2359.0 1 $55,000 $55,000
    2366.5 1 $55,000 $55,000
    2419.28 1 $55,000 $55,000
    2420.65 1 $55,000 $55,000
    2458.06 1 $55,000 $55,000
    2509.0 1 $55,000 $55,000
    2539.0 1 $55,000 $55,000
    2550.0 1 $55,000 $55,000
    2599.0 2 $160,000 $80,000
    2669.37 1 $65,000 $65,000
    2699.0 1 $95,000 $95,000
    2737.0 1 $65,000 $65,000
    2770.0 1 $65,000 $65,000
    2794.0 1 $65,000 $65,000
    2869.0 1 $65,000 $65,000
    2936.5 1 $75,000 $75,000
    2959.0 1 $75,000 $75,000
    2993.5 1 $75,000 $75,000
    3064.75 1 $75,000 $75,000
    3076.0 1 $75,000 $75,000
    3076.15 1 $75,000 $75,000
    3102.5 1 $85,000 $85,000
    3134.0 1 $65,000 $65,000
    3135.0 1 $65,000 $65,000
    3164.5 1 $75,000 $75,000
    3195.7 1 $75,000 $75,000
    3229.0 1 $85,000 $85,000
    3232.0 1 $85,000 $85,000
    3243.18 1 $95,000 $95,000
    3246.32 1 $85,000 $85,000
    3262.86 1 $105,000 $105,000
    3272.8 1 $85,000 $85,000
    3274.59 1 $105,000 $105,000
    3274.87 1 $105,000 $105,000
    3275.54 1 $105,000 $105,000
    3292.06 1 $105,000 $105,000
    3292.99 1 $85,000 $85,000
    3296.22 1 $95,000 $95,000
    3296.75 1 $105,000 $105,000
    3297.0 9 $905,000 $100,556
    3359.0 1 $125,000 $125,000
    3480.0 1 $115,000 $115,000
    3599.0 1 $145,000 $145,000
    3779.0 1 $145,000 $145,000
    4076.5 1 $105,000 $105,000
    4079.0 1 $165,000 $165,000
    4130.56 1 $165,000 $165,000
    4168.03 1 $115,000 $115,000
    4181.0 1 $165,000 $165,000
    4190.5 1 $115,000 $115,000
    4216.15 1 $115,000 $115,000
    4219.0 1 $115,000 $115,000
    4264.0 1 $175,000 $175,000
    4309.63 1 $175,000 $175,000
    4432.75 1 $125,000 $125,000
    4441.12 1 $125,000 $125,000
    4503.96 1 $125,000 $125,000
    4637.36 1 $125,000 $125,000
    4646.5 2 $250,000 $125,000
    4752.58 1 $135,000 $135,000
    4760.5 1 $135,000 $135,000
    4996.6 1 $135,000 $135,000
    5059.0 1 $145,000 $145,000
    5216.5 1 $145,000 $145,000
    5287.0 1 $145,000 $145,000
    5593.0 1 $155,000 $155,000
    5837.32 1 $165,000 $165,000
    5886.25 1 $165,000 $165,000
    5929.0 1 $175,000 $175,000
    5999.0 1 $175,000 $175,000
    6151.0 1 $175,000 $175,000
    6288.72 1 $185,000 $185,000
    6295.0 1 $185,000 $185,000
    6553.0 1 $195,000 $195,000
    6584.5 1 $195,000 $195,000
    6727.0 1 $195,000 $195,000
    6866.87 1 $205,000 $205,000
    7375.0 1 $215,000 $215,000
    7639.0 2 $450,000 $225,000
    7917.85 1 $235,000 $235,000
    799.0 13 $1,605,000 $123,462
    8779.0 1 $265,000 $265,000
    8921.5 1 $275,000 $275,000
    NA 324 $81,820,000 $252,531

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 6 $5,430,000 $905,000
    Single Family (1-4 Units):Manufactured 127 $15,435,000 $121,535
    Single Family (1-4 Units):Site-Built 307 $74,135,000 $241,482

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 45 $6,195,000 $137,667 $2,941 3.26%
    40-60% 76 $14,150,000 $186,184 $3,478 3.17%
    60-80% 138 $36,700,000 $265,942 $4,608 3.74%
    80-100% 173 $36,535,000 $211,185 $3,758 4.87%
    Over 100% 3 $1,065,000 $355,000 $10,388 2.79%
    Under 20% 5 $355,000 $71,000 $901 4.50%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    Global Trust Finance VA mortgage Closing on a mortgage 1 100.0%