Goldenwest Mortgage Rates, Fees & InfoOgden, UT
Tax ID: 87-0214471
Review & OverviewGoldenwest is a small mortgage company specializing in Home Improvement, Refi, and Cash Out Refi loans. Goldenwest 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: Ogden, Logan, Salt Lake City, St. George, and Provo among others. We have data for 20 markets. (Some data included below & more in-depth data is available with an active subscription.)
Goldenwest 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. Goldenwest 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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|Simulated Rate||Simulation Date|
|Home Equity Line of Credit (HELOC)||6.27%||1/29/23|
|30 Year Conventional Purchase||6.60%||1/29/23|
|30 Year Conventional Refi||6.33%||1/29/23|
|30 Year Cash-out Refi||6.45%||1/29/23|
|30 Year FHA Purchase||7.28%||1/29/23|
|30 Year FHA Refi||6.84%||1/29/23|
|30 Year VA Purchase||5.85%||1/29/23|
|30 Year VA Refi||5.62%||1/29/23|
|30 Year USDA Purchase||6.18%||1/29/23|
|30 Year USDA Refi||6.27%||1/29/23|
|15 Year Conventional Purchase||5.78%||1/29/23|
|15 Year Conventional Refi||5.74%||1/29/23|
|15 Year Cash-out Refi||5.74%||1/29/23|
|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.|
Origination Dollar Volume (All Markets)$1,001,900,000
Goldenwest's average 30 year fixed mortgage rate was
The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.
This yields a difference of -0.15%.
Relative Fees (Closing Costs)
Goldenwest's average total fees/closing costs for a 30 year fixed rate
mortgage were $4,062.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $4,750.
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|
|OGDEN-CLEARFIELD, UT (FHA|USDA|VA)||3,322||$600,690,000||$180,822||$3,531||3.17%|
|LOGAN, UT-ID (FHA|USDA|VA)||709||$129,535,000||$182,701||$3,346||3.14%|
|SALT LAKE CITY, UT (FHA|USDA|VA)||662||$125,380,000||$189,396||$3,888||3.27%|
|ST. GEORGE, UT (FHA|USDA|VA)||392||$73,510,000||$187,526||$3,667||3.26%|
|PROVO-OREM, UT (FHA|USDA|VA)||273||$50,195,000||$183,864||$3,695||3.29%|
|Outside of Metro Areas||45||$7,695,000||$171,000||$3,516||3.16%|
|Heber, UT (FHA|USDA|VA)||29||$6,545,000||$225,690||$3,191||3.20%|
|Cedar City, UT (FHA|USDA|VA)||20||$3,390,000||$169,500||$3,620||3.16%|
|Burley, ID (FHA|USDA|VA)||7||$1,715,000||$245,000||$5,639||2.96%|
|TWIN FALLS, ID (FHA|USDA|VA)||3||$615,000||$205,000||$4,852||3.00%|
|POCATELLO, ID (FHA|USDA|VA)||2||$540,000||$270,000||$4,590||2.50%|
|Rexburg, ID (FHA|USDA|VA)||1||$505,000||$505,000||$6,857||3.38%|
|Hailey, ID (FHA|USDA|VA)||1||$475,000||$475,000||$9,168||3.50%|
|Vernal, UT (FHA|USDA|VA)||2||$290,000||$145,000||$2,651||2.38%|
|GREENVILLE, NC (FHA|USDA|VA)||1||$235,000||$235,000||$4,820||4.25%|
|OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA)||1||$205,000||$205,000||$3,695||2.38%|
|LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA)||1||$145,000||$145,000||$2,173||2.75%|
|Price, UT (FHA|USDA|VA)||1||$125,000||$125,000||$2,531||2.75%|
|Blackfoot, ID (FHA|USDA|VA)||1||$75,000||$75,000||$2,615||2.63%|
|IDAHO FALLS, ID (FHA|USDA|VA)||1||$35,000||$35,000||$2,414||1.88%|
We use machine learning to identify the top lenders compared against GOLDENWEST based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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For 2021, Goldenwest's most frequently originated type of loan was HELOC, with 2,983 originations. Their 2nd most popular type was Conventional, with 2,368 originations.
For 2021, Goldenwest's most frequently cited loan purpose was Home Improvement, with 2,081 originations. The 2nd most popular reason was Refi, with 1,156 originations.
For 2021, Goldenwest's most frequently cited loan duration was 20 Year, with 3,126 originations. The 2nd most popular length was 30 Year, with 1,665 originations.
Origination Fees/Closing Costs
Goldenwest's average total fees were $4,062, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 1,142 originations.
|Loan Rate||Originations||Total Value||Average Loan|
During 2021, Goldenwest's average interest rate for loans was 3.00%, while their most frequently originated rate bucket for loans was 3-4%, with 3,460 originations.
2021 saw Goldenwest place emphasis on $100,000 or less loans with 1,865 originations, totaling $100,795,000 in origination value.
Goldenwest lent most frequently to those with incomes in the $100k-150k range, with 1,492 originations. The second most popular income band? $75k-100k, with 1,111 originations.
Applicant Debt to Income Ratio
Goldenwest lent most frequently to those with DTI ratios of 20-30%, with 1,402 originations. The next most common DTI ratio? 30-36%, with 1,203 originations.
Approval RatesTotal approvals of all applications
Goldenwest has an average approval rate.
Pick RateApprovals leading to origination
Goldenwest 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|
Occupancy Type Mix
|Dwelling Type||Originations||Total Value||Average Loan|
|Bank Name||Product||Issue||2021 CPFB Complaints||% of Total Issues|
|GOLDEN 1 CREDIT UNION, THE||Conventional home mortgage||Struggling to pay mortgage||1||12.5%|
|GOLDEN 1 CREDIT UNION, THE||Conventional home mortgage||Trouble during payment process||4||50.0%|
|GOLDEN 1 CREDIT UNION, THE||FHA mortgage||Struggling to pay mortgage||1||12.5%|
|GOLDEN 1 CREDIT UNION, THE||FHA mortgage||Trouble during payment process||1||12.5%|
|GOLDEN 1 CREDIT UNION, THE||Other type of mortgage||Trouble during payment process||1||12.5%|