Global Mortgage Rates, Fees & Info

Spokane, WA

LEI: 5493006XP2M53G3AP658

Tax ID: 91-0620799

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Global is a smaller mortgage company specializing in Cash Out Refi, Refi, and Home Purchase 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, Sandpoint, Seattle, Wenatchee, and Pullman among others. We have data for 26 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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.


    Originations

    364

    Origination Dollar Volume (All Markets)

    $102,830,000

    Awards

    GLOBAL 30 Year Conventional Loans bronze GLOBAL VA Loans gold GLOBAL VA Loans silver GLOBAL VA Loans silver
    Show all (4) 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) 191 $52,475,000 $274,738 $4,274 3.13%
    Outside of Metro Areas 87 $26,585,000 $305,575 $5,483 3.05%
    Sandpoint, ID (FHA|USDA|VA) 21 $7,105,000 $338,333 $6,190 2.99%
    Outside of Metro Areas 15 $3,325,000 $221,667 $5,294 2.91%
    Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 9 $3,135,000 $348,333 $3,843 4.28%
    WENATCHEE, WA (FHA|USDA|VA) 4 $1,670,000 $417,500 $7,213 2.94%
    Pullman, WA (FHA|USDA|VA) 6 $1,660,000 $276,667 $6,362 3.15%
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 6 $1,120,000 $186,667 $0 5.75%
    KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 2 $980,000 $490,000 $1,798 3.63%
    OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 3 $945,000 $315,000 $4,151 2.96%
    BOISE CITY, ID (FHA|USDA|VA) 1 $575,000 $575,000 $9,691 2.99%
    LEWISTON, ID-WA (FHA|USDA|VA) 1 $545,000 $545,000 $4,836 2.75%
    WALLA WALLA, WA (FHA|USDA|VA) 2 $380,000 $190,000 $3,185 3.00%
    Moscow, ID (FHA|USDA|VA) 1 $335,000 $335,000 $5,687 2.88%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 2 $300,000 $150,000 $0 6.00%
    Moses Lake, WA (FHA|USDA|VA) 2 $280,000 $140,000 $2,706 2.81%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 2 $260,000 $130,000 $0 5.88%
    Shelton, WA (FHA|USDA|VA) 1 $205,000 $205,000 $3,908 2.88%
    SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 1 $185,000 $185,000 $0 6.25%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 1 $175,000 $175,000 $0 5.50%
    Truckee-Grass Valley, CA (FHA|USDA|VA) 1 $175,000 $175,000 $0 6.25%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 1 $125,000 $125,000 $0 5.50%
    NAPA, CA (FHA|USDA|VA) 1 $95,000 $95,000 $0 5.50%
    PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 1 $85,000 $85,000 $0 6.50%
    SALEM, OR (FHA|USDA|VA) 1 $75,000 $75,000 $0 6.25%
    YAKIMA, WA (FHA|USDA|VA) 1 $35,000 $35,000 $0 5.75%
    Global's top markets include Spokane, Sandpoint, Seattle, Wenatchee, and Pullman among others.

    Their top states include:
  • Washington (FHA|USDA|VA)
  • Idaho (FHA|USDA|VA)
  • California (FHA|USDA|VA)
  • Oregon (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: 360
    WASHINGTON STATE EMPLOYEES Credit Union
    Similarity Rank: 1184
    SAMMAMISH MORTGAGE COMPANY
    Similarity Rank: 2220
    SUMMIT MORTGAGE CORPORATION
    Similarity Rank: 4067
    GLOBAL
    Similarity Rank: 4940
    PENRITH HOME LOANS LLC
    Similarity Rank: 5258
    SUN WEST MORTGAGE COMPANY, INC.
    Similarity Rank: 5368
    Potlatch No. 1 Financial Credit Union
    Similarity Rank: 5684
    Stifel Bank and Trust
    Similarity Rank: 5980
    Boeing Employees Credit Union
    Similarity Rank: 7426

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 324 $91,830,000 $283,426 $4,768 3.34%
    VA 36 $10,180,000 $282,778 $5,086 2.49%
    FHA 4 $820,000 $205,000 $5,577 3.03%

    For 2021, Global's most frequently originated type of loan was Conventional, with 324 originations. Their 2nd most popular type was VA, with 36 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 171 $43,505,000 $254,415 $4,453 3.25%
    Refi 101 $29,055,000 $287,673 $5,913 2.93%
    Home Purchase 92 $30,270,000 $329,022 $4,103 3.60%

    For 2021, Global's most frequently cited loan purpose was Cash Out Refi, with 171 originations. The 2nd most popular reason was Refi, with 101 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 269 $77,585,000 $288,420 $4,361 3.02%
    15 Year 32 $5,910,000 $184,688 $3,473 2.53%
    20 Year 19 $3,885,000 $204,474 $3,276 4.57%
    30+ year 18 $8,840,000 $491,111 $15,541 3.70%
    Other 18 $2,740,000 $152,222 $0 5.88%
    10 Year 8 $3,870,000 $483,750 $2,888 3.72%

    For 2021, Global's most frequently cited loan duration was 30 Year, with 269 originations. The 2nd most popular length was 15 Year, with 32 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 119 $28,465,000 $239,202
    $1k-2k 91 $21,385,000 $235,000
    $5k+ 39 $18,725,000 $480,128
    $2k-3k 38 $11,790,000 $310,263
    $3k-4k 27 $8,065,000 $298,704
    $4k-5k 23 $7,625,000 $331,522

    Global's average total fees were $4,361, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 119 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 142 $43,310,000 $305,000
    3-4% 119 $39,465,000 $331,639
    <2.5% 61 $13,895,000 $227,787
    5-6% 17 $2,315,000 $136,176
    4-5% 16 $2,800,000 $175,000
    6-7% 7 $895,000 $127,857
    Over 8% 2 $150,000 $75,000

    During 2021, Global's average interest rate for loans was 3.02%, while their most frequently originated rate bucket for loans was 2.5-3%, with 142 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 170 $47,520,000 $279,529 $4,632 3.08%
    $100k-200k 104 $15,870,000 $152,596 $3,315 3.39%
    $400k-600k 53 $25,575,000 $482,547 $7,238 2.94%
    $100,000 or less 24 $1,770,000 $73,750 $1,811 4.38%
    $600k-1MM 10 $7,400,000 $740,000 $11,621 3.39%
    $1MM+ 3 $4,695,000 $1,565,000 $26,624 3.58%

    2021 saw Global place emphasis on $200k-400k loans with 170 originations, totaling $47,520,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 91 $21,455,000 $235,769 $4,280 3.20%
    $100k-150k 84 $22,250,000 $264,881 $4,344 3.59%
    $75k-100k 78 $21,950,000 $281,410 $5,049 3.10%
    $150k-250k 50 $19,390,000 $387,800 $6,429 3.20%
    $50k or less 45 $7,045,000 $156,556 $3,332 2.91%
    $250k+ 9 $6,545,000 $727,222 $10,916 3.32%

    Global lent most frequently to those with incomes in the $50k-75k range, with 91 originations. The second most popular income band? $100k-150k, with 84 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 89 $22,155,000 $248,933 $4,302 3.34%
    30-36% 78 $21,170,000 $271,410 $4,452 3.23%
    <20% 34 $8,190,000 $240,882 $4,159 3.11%
    41% 20 $5,650,000 $282,500 $5,896 3.07%
    37% 16 $3,670,000 $229,375 $3,513 3.48%
    39% 15 $3,665,000 $244,333 $5,133 3.25%
    42% 14 $4,480,000 $320,000 $6,271 3.48%
    40% 14 $4,470,000 $319,286 $3,657 3.31%
    45% 12 $5,790,000 $482,500 $9,050 3.11%
    44% 11 $2,805,000 $255,000 $6,100 3.00%
    43% 10 $3,170,000 $317,000 $5,709 3.15%
    49% 8 $2,530,000 $316,250 $5,355 2.95%
    38% 7 $2,195,000 $313,571 $6,256 4.25%
    36% 7 $1,885,000 $269,286 $4,845 3.43%
    46% 7 $2,385,000 $340,714 $3,551 2.86%
    48% 7 $2,165,000 $309,286 $1,717 3.11%
    47% 6 $1,420,000 $236,667 $4,516 2.75%
    50-60% 4 $1,370,000 $342,500 $9,620 2.41%

    Global lent most frequently to those with DTI ratios of 20-30%, with 89 originations. The next most common DTI ratio? 30-36%, with 78 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 284 $78,380,000 $275,986 $4,880 3.22%
    Not provided 58 $15,430,000 $266,034 $4,156 3.42%
    Not applicable 5 $3,665,000 $733,000 $0 3.83%
    American Indian 7 $2,575,000 $367,857 $7,490 2.88%
    Asian 5 $1,415,000 $283,000 $1,722 2.80%
    Black 5 $1,365,000 $273,000 $6,990 3.23%

    Approval Rates

    Total approvals of all applications
    91.88%

    Global has an average approval rate.

    Pick Rate

    Approvals leading to origination
    72.53%

    Global has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    1683.01 1 $35,000 $35,000
    3186.0 1 $75,000 $75,000
    3589.56 1 $85,000 $85,000
    3646.67 1 $85,000 $85,000
    3714.6 1 $95,000 $95,000
    4071.0 1 $105,000 $105,000
    4374.0 1 $115,000 $115,000
    4522.75 1 $115,000 $115,000
    4617.43 1 $125,000 $125,000
    4941.0 1 $135,000 $135,000
    5454.0 1 $145,000 $145,000
    5724.0 1 $155,000 $155,000
    6099.0 1 $175,000 $175,000
    6271.5 1 $175,000 $175,000
    6357.0 1 $175,000 $175,000
    6414.0 1 $185,000 $185,000
    6939.0 1 $195,000 $195,000
    6951.0 1 $195,000 $195,000
    7381.27 1 $215,000 $215,000
    7884.0 1 $225,000 $225,000
    999.0 1 $125,000 $125,000
    NA 343 $99,895,000 $291,239

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    364 $102,830,000 $282,500

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 41 $6,215,000 $151,585 $3,317 3.39%
    40-60% 87 $18,645,000 $214,310 $3,957 3.00%
    60-80% 134 $46,260,000 $345,224 $5,563 3.17%
    80-100% 89 $29,365,000 $329,944 $5,216 3.49%
    Over 100% 4 $1,580,000 $395,000 $12,858 2.44%
    Under 20% 9 $765,000 $85,000 $1,829 4.21%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    Global Equity Finance, Inc. Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 3 50.0%
    Global Equity Finance, Inc. Conventional home mortgage Closing on a mortgage 2 33.3%
    Global Equity Finance, Inc. Conventional home mortgage Trouble during payment process 1 16.7%