Goldenwest Mortgage Rates, Fees & Info

Ogden, UT

LEI: 549300BDHZAV4ZQHQV19

Tax ID: 87-0214471

5 stars - out of 5 stars, based on 74 reviews

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

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Mortgage Data

  • SimulatedRates™
  • Review & Overview

    Goldenwest 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.

    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) 6.27% 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.


    Originations

    5,474

    Origination Dollar Volume (All Markets)

    $1,001,900,000

    Awards

    GOLDENWEST 30 Year Conventional Loans bronze GOLDENWEST VA Loans gold GOLDENWEST 30 Year Conventional Loans bronze GOLDENWEST VA Loans gold
    Show all (4) awards

    Relative Rate

    Goldenwest's average 30 year fixed mortgage rate was 3%.

    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.

    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) 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%
    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)
  • North Carolina (FHA|USDA|VA)
  • Nebraska (FHA|USDA|VA)
  • Nevada (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.

    HORIZON UTAH Federal Credit Union
    Similarity Rank: 350
    WEBER STATE FEDERAL CREDIT UNION
    Similarity Rank: 384
    State Bank of Southern Utah
    Similarity Rank: 432
    Jordan Federal Credit Union
    Similarity Rank: 980
    TRANSWEST CREDIT UNION
    Similarity Rank: 1160
    Central Bank
    Similarity Rank: 1379
    Hercules First Federal Credit Union
    Similarity Rank: 1610
    ADVANTAGE PLUS
    Similarity Rank: 2100
    D. L. Evans Bank
    Similarity Rank: 2640
    HOMEAMERICAN MORTGAGE CORPORATION
    Similarity Rank: 2812

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 2,983 $351,005,000 $117,668 n/a 3.44%
    Conventional 2,368 $612,130,000 $258,501 $3,350 2.91%
    VA 74 $24,330,000 $328,784 $6,514 2.34%
    FHA 43 $12,435,000 $289,186 $9,343 2.87%
    USDA 6 $2,000,000 $333,333 $7,292 2.35%

    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.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 2,081 $267,525,000 $128,556 $3,446 3.37%
    Refi 1,156 $266,220,000 $230,294 $3,183 2.81%
    Cash Out Refi 1,128 $256,380,000 $227,287 $3,561 3.13%
    Home Purchase 587 $171,605,000 $292,342 $4,587 3.13%
    Other 522 $40,170,000 $76,954 $1 3.52%

    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.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    20 Year 3,126 $386,620,000 $123,679 $3,078 3.40%
    30 Year 1,665 $491,465,000 $295,174 $4,062 3.00%
    15 Year 450 $89,110,000 $198,022 $2,939 2.32%
    10 Year 126 $12,020,000 $95,397 $850 3.37%
    Other 47 $3,745,000 $79,681 $870 3.44%
    5 Year 33 $2,515,000 $76,212 $139 3.29%
    30+ year 27 $16,425,000 $608,333 $10,483 3.77%

    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

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 1,142 $235,630,000 $206,331
    $2k-3k 617 $209,355,000 $339,311
    $<1k 378 $46,150,000 $122,090
    $3k-4k 201 $80,945,000 $402,711
    $5k+ 88 $50,530,000 $574,205
    $4k-5k 65 $28,285,000 $435,154

    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.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 3,460 $516,690,000 $149,332
    2.5-3% 1,160 $326,790,000 $281,716
    <2.5% 603 $129,365,000 $214,536
    4-5% 237 $28,615,000 $120,738
    5-6% 12 $280,000 $23,333
    6-7% 2 $160,000 $80,000

    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.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 1,865 $100,795,000 $54,046 $930 3.45%
    $200k-400k 1,684 $460,100,000 $273,219 $3,992 3.03%
    $100k-200k 1,479 $212,095,000 $143,404 $2,486 3.10%
    $400k-600k 380 $179,280,000 $471,789 $5,731 3.00%
    $600k-1MM 61 $43,895,000 $719,590 $7,897 3.21%
    $1MM+ 5 $5,735,000 $1,147,000 $15,968 3.35%

    2021 saw Goldenwest place emphasis on $100,000 or less loans with 1,865 originations, totaling $100,795,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 1,492 $275,490,000 $184,645 $3,823 3.24%
    $75k-100k 1,111 $187,475,000 $168,744 $3,509 3.16%
    $50k-75k 1,109 $184,755,000 $166,596 $3,345 3.10%
    $150k-250k 839 $174,645,000 $208,159 $4,655 3.32%
    $50k or less 570 $80,550,000 $141,316 $2,748 2.99%
    $250k+ 342 $97,680,000 $285,614 $5,053 3.35%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 1,402 $237,040,000 $169,073 $3,249 3.15%
    30-36% 1,203 $217,715,000 $180,977 $3,549 3.22%
    <20% 663 $116,625,000 $175,905 $3,043 3.09%
    39% 293 $53,585,000 $182,884 $3,676 3.25%
    38% 263 $45,735,000 $173,897 $3,783 3.26%
    40% 255 $48,185,000 $188,961 $4,011 3.26%
    41% 244 $44,270,000 $181,434 $3,673 3.30%
    37% 232 $41,240,000 $177,759 $3,394 3.31%
    42% 231 $43,655,000 $188,983 $3,956 3.21%
    36% 208 $33,300,000 $160,096 $3,790 3.30%
    43% 163 $39,105,000 $239,908 $4,167 3.12%
    44% 126 $29,190,000 $231,667 $3,912 3.13%
    45% 60 $16,450,000 $274,167 $4,083 3.11%
    46% 36 $10,370,000 $288,056 $4,286 3.02%
    47% 25 $6,775,000 $271,000 $4,522 2.90%
    48% 24 $7,100,000 $295,833 $4,070 2.98%
    50-60% 17 $3,885,000 $228,529 $6,012 3.38%
    49% 11 $3,255,000 $295,909 $3,548 2.97%
    >60% 7 $1,575,000 $225,000 $3,195 3.23%

    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.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 4,983 $913,945,000 $183,413 $3,533 3.19%
    Not provided 301 $54,925,000 $182,475 $3,729 3.16%
    Asian 110 $20,210,000 $183,727 $3,610 3.13%
    Black 29 $4,695,000 $161,897 $3,967 3.28%
    American Indian 20 $3,680,000 $184,000 $5,054 3.21%
    Native Hawaiian or Islander 25 $3,645,000 $145,800 $4,489 3.45%
    1 $315,000 $315,000 $4,192 3.13%
    Other Pacific Islander 1 $185,000 $185,000 $2,759 2.38%
    Japanese 1 $135,000 $135,000 $2,059 2.25%
    Asian Indian 2 $130,000 $65,000 $0 3.38%
    Other Asian 1 $35,000 $35,000 $0 4.25%

    Approval Rates

    Total approvals of all applications
    85.01%

    Goldenwest has an average approval rate.

    Pick Rate

    Approvals leading to origination
    56.12%

    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 5,474 $1,001,900,000 $183,029

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    5,474 $1,001,900,000 $183,029

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 1,294 $202,430,000 $156,437 $2,322 3.23%
    40-60% 872 $204,290,000 $234,278 $3,140 2.84%
    60-80% 1,026 $334,990,000 $326,501 $4,120 3.04%
    80-100% 391 $137,075,000 $350,575 $5,134 2.95%
    Over 100% 5 $2,145,000 $429,000 $15,355 2.50%
    Under 20% 1,886 $120,970,000 $64,141 $684 3.46%

    Complaints

    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%