Goldenwest Mortgage Rates, Fees & Info

Ogden, UT

LEI: 549300BDHZAV4ZQHQV19

Tax ID: 87-0214471

5 stars - Updated: 12/9/24 - out of 5 stars, based on 51 reviews

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

Jump to:

Mortgage Data

Review & Overview

Goldenwest is a smaller mortgage company specializing in Home Improvement, Refi, and Home Purchase 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 22 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 relatively high 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.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
Home Equity Line of Credit (HELOC) 6.02% 12/9/24
30 Year Conventional Purchase 6.52% 12/9/24
30 Year Conventional Refi 6.29% 12/9/24
30 Year Cash-out Refi 6.54% 12/9/24
30 Year FHA Purchase 7.42% 12/9/24
30 Year FHA Refi 6.27% 12/9/24
30 Year VA Purchase 5.98% 12/9/24
30 Year VA Refi 6.27% 12/9/24
30 Year USDA Purchase 6.27% 12/9/24
15 Year Conventional Purchase 5.87% 12/9/24
15 Year Conventional Refi 5.88% 12/9/24
15 Year Cash-out Refi 5.88% 12/9/24
15 Year FHA Purchase 7.63% 12/9/24
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.

Goldenwest Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Goldenwest. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

2,645

Origination Dollar Volume (All Markets)

$395,755,000

Awards

GOLDENWEST 30 Year Conventional Loans bronze GOLDENWEST 30 Year Conventional Loans silver GOLDENWEST FHA Loans bronze GOLDENWEST FHA Loans silver
Show all (4) awards

Relative Rate

Goldenwest's average 30 year fixed mortgage rate was 6.51%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of 0.03%.

Relative Fees (Closing Costs)

Goldenwest's average total fees/closing costs for a 30 year fixed rate mortgage were $8,041.

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 $9,089.

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
OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 1,590 $236,010,000 $148,434 $2,378 7.56%
LOGAN, UT-ID (FHA|USDA|VA) 350 $49,420,000 $141,200 $2,266 7.62%
SALT LAKE CITY, UT (FHA|USDA|VA) 298 $43,190,000 $144,933 $1,181 7.68%
ST. GEORGE, UT (FHA|USDA|VA) 176 $31,570,000 $179,375 $3,017 7.77%
PROVO-OREM, UT (FHA|USDA|VA) 133 $17,545,000 $131,917 $1,349 7.77%
Heber, UT (FHA|USDA|VA) 19 $4,505,000 $237,105 $861 7.99%
Outside of Metro Areas 23 $4,385,000 $190,652 $1,268 7.27%
BOISE CITY, ID (FHA|USDA|VA) 15 $3,095,000 $206,333 $7,016 7.35%
Rexburg, ID (FHA|USDA|VA) 12 $1,460,000 $121,667 $1,351 7.57%
Cedar City, UT (FHA|USDA|VA) 8 $1,150,000 $143,750 $3,686 7.17%
IDAHO FALLS, ID (FHA|USDA|VA) 9 $1,105,000 $122,778 $2,576 7.54%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $615,000 $615,000 $9,906 6.88%
Burley, ID (FHA|USDA|VA) 1 $415,000 $415,000 $0 6.50%
Evanston, WY (FHA|USDA|VA) 2 $330,000 $165,000 $5,181 6.31%
TYLER, TX (FHA|USDA|VA) 1 $305,000 $305,000 $7,354 5.63%
Vernal, UT (FHA|USDA|VA) 1 $205,000 $205,000 $0 8.50%
GRAND JUNCTION, CO (FHA|USDA|VA) 1 $115,000 $115,000 $0 5.75%
Rock Springs, WY (FHA|USDA|VA) 1 $105,000 $105,000 $2,966 6.38%
POCATELLO, ID (FHA|USDA|VA) 1 $85,000 $85,000 $0 6.49%
TWIN FALLS, ID (FHA|USDA|VA) 1 $75,000 $75,000 $0 8.25%
Price, UT (FHA|USDA|VA) 1 $45,000 $45,000 $155 7.75%
Outside of Metro Areas 1 $25,000 $25,000 $0 8.75%
Goldenwest's top markets include Ogden, Logan, Salt Lake City, St. George, and Provo among others.

Their top states include:
  • Utah (FHA|USDA|VA)
  • Idaho (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Wyoming (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Similar Lenders

    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.

    State Bank of Southern Utah
    Similarity Rank: 176
    WEBER STATE FEDERAL CREDIT UNION
    Similarity Rank: 300
    CYPRUS Federal Credit Union
    Similarity Rank: 900
    Utah Power
    Similarity Rank: 975
    GRANITE FEDERAL CREDIT UNION
    Similarity Rank: 1000
    HOMEAMERICAN MORTGAGE CORPORATION
    Similarity Rank: 1100
    UTAH COMMUNITY
    Similarity Rank: 1152
    First-Citizens Bank & Trust Company
    Similarity Rank: 1275
    NEST HOME LENDING, LLC
    Similarity Rank: 1560
    Utah Mortgage Loan Corporation
    Similarity Rank: 1743

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 1,552 $198,780,000 $128,080 n/a 8.20%
    Conventional 1,045 $177,975,000 $170,311 $1,701 6.78%
    FHA 37 $14,555,000 $393,378 $14,820 6.19%
    VA 10 $4,180,000 $418,000 $9,307 6.31%
    USDA 1 $265,000 $265,000 $11,390 4.99%

    For 2023, Goldenwest's most frequently originated type of loan was HELOC, with 1,552 originations. Their 2nd most popular type was Conventional, with 1,045 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 1,004 $113,540,000 $113,088 $716 7.94%
    Refi 536 $90,520,000 $168,881 $948 7.17%
    Other 495 $35,765,000 $72,253 $134 7.76%
    Cash Out Refi 399 $75,785,000 $189,937 $2,526 7.67%
    Home Purchase 211 $80,145,000 $379,834 $8,440 6.61%

    For 2023, Goldenwest's most frequently cited loan purpose was Home Improvement, with 1,004 originations. The 2nd most popular reason was Refi, with 536 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    20 Year 1,560 $201,270,000 $129,019 $5,654 8.19%
    10 Year 377 $29,895,000 $79,297 $58 6.76%
    Other 331 $41,155,000 $124,335 $258 6.98%
    30 Year 255 $91,275,000 $357,941 $8,041 6.51%
    5 Year 74 $4,210,000 $56,892 $55 6.45%
    30+ year 39 $22,175,000 $568,590 $9,799 7.04%
    15 Year 8 $5,330,000 $666,250 $10,539 6.07%
    1 Year 1 $445,000 $445,000 $6,676 7.00%

    For 2023, Goldenwest's most frequently cited loan duration was 20 Year, with 1,560 originations. The 2nd most popular length was 10 Year, with 377 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 800 $77,370,000 $96,713
    $5k+ 133 $75,635,000 $568,684
    $3k-4k 51 $15,905,000 $311,863
    $4k-5k 39 $14,065,000 $360,641
    $1k-2k 36 $6,750,000 $187,500
    $2k-3k 34 $7,250,000 $213,235

    Goldenwest's average total fees were $8,041, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 800 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    Over 8% 974 $125,360,000 $128,706
    7-8% 790 $118,530,000 $150,038
    6-7% 729 $119,195,000 $163,505
    5-6% 150 $32,260,000 $215,067
    4-5% 2 $410,000 $205,000

    During 2023, Goldenwest's average interest rate for loans was 6.51%, while their most frequently originated rate bucket for loans was Over 8%, with 974 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 1,329 $70,955,000 $53,390 $134 7.66%
    $100k-200k 681 $89,455,000 $131,358 $737 7.68%
    $200k-400k 443 $115,175,000 $259,989 $4,904 7.50%
    $400k-600k 123 $58,825,000 $478,252 $10,292 7.03%
    $600k-1MM 54 $37,670,000 $697,593 $11,124 7.26%
    $1MM+ 15 $23,675,000 $1,578,333 $22,396 7.67%

    2023 saw Goldenwest place emphasis on $100,000 or less loans with 1,329 originations, totaling $70,955,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 826 $105,370,000 $127,567 $2,249 7.62%
    $150k-250k 615 $109,615,000 $178,236 $2,123 7.70%
    $75k-100k 478 $53,070,000 $111,025 $2,450 7.53%
    $50k-75k 350 $29,260,000 $83,600 $1,504 7.55%
    $250k+ 255 $89,805,000 $352,176 $3,832 7.71%
    $50k or less 121 $8,635,000 $71,364 $1,352 7.20%

    Goldenwest lent most frequently to those with incomes in the $100k-150k range, with 826 originations. The second most popular income band? $150k-250k, with 615 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 531 $76,325,000 $143,738 $1,992 7.70%
    20-30% 497 $77,055,000 $155,040 $1,557 7.56%
    <20% 193 $28,235,000 $146,295 $1,616 7.36%
    41% 179 $20,045,000 $111,983 $937 7.75%
    42% 147 $18,045,000 $122,755 $2,021 7.74%
    39% 147 $18,265,000 $124,252 $1,394 7.74%
    38% 144 $17,680,000 $122,778 $1,474 7.78%
    36% 137 $16,275,000 $118,796 $1,610 7.56%
    43% 136 $23,400,000 $172,059 $3,456 7.78%
    40% 127 $16,945,000 $133,425 $1,689 7.78%
    37% 126 $14,620,000 $116,032 $1,631 7.55%
    44% 73 $15,845,000 $217,055 $4,506 7.53%
    45% 42 $11,150,000 $265,476 $4,715 7.31%
    46% 39 $12,035,000 $308,590 $7,380 6.65%
    50-60% 39 $8,185,000 $209,872 $2,103 7.27%
    >60% 27 $4,165,000 $154,259 $75 7.33%
    48% 23 $6,795,000 $295,435 $6,764 6.87%
    47% 19 $4,185,000 $220,263 $4,351 6.89%
    49% 19 $6,505,000 $342,368 $6,279 7.17%

    Goldenwest lent most frequently to those with DTI ratios of 30-36%, with 531 originations. The next most common DTI ratio? 20-30%, with 497 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 2,488 $369,100,000 $148,352 $2,182 7.61%
    Not provided 83 $13,865,000 $167,048 $3,092 7.28%
    Asian 41 $8,375,000 $204,268 $2,319 7.51%
    Black 20 $1,860,000 $93,000 $2,496 7.77%
    American Indian 5 $1,155,000 $231,000 $9,843 8.00%
    Native Hawaiian or Islander 7 $1,095,000 $156,429 $0 8.04%
    Asian Indian 1 $305,000 $305,000 $0 8.50%

    Approval Rates

    Total approvals of all applications
    71.17%

    Goldenwest has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    63.86%

    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
    NA 2,645 $395,755,000 $149,624

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    2,645 $395,755,000 $149,624

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 675 $122,965,000 $182,170 $1,045 7.72%
    40-60% 177 $57,255,000 $323,475 $4,009 7.40%
    60-80% 143 $64,435,000 $450,594 $7,767 7.00%
    80-100% 98 $43,080,000 $439,592 $10,942 6.59%
    Over 100% 1 $395,000 $395,000 $14,723 5.63%
    Under 20% 1,551 $107,625,000 $69,391 $151 7.69%