Goldenwest Mortgage Rates, Fees & Info

Ogden, UT

LEI: 549300BDHZAV4ZQHQV19

Tax ID: 87-0214471

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

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  • SimulatedRates™
  • Mortgage Calculator

    • 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

    Goldenwest is a smaller mortgage company specializing in Home Purchase and 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 16 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 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.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    Home Equity Line of Credit (HELOC) 6.02% 4/21/24
    30 Year Conventional Purchase 6.52% 4/21/24
    30 Year Conventional Refi 6.29% 4/21/24
    30 Year Cash-out Refi 6.54% 4/21/24
    30 Year FHA Purchase 7.42% 4/21/24
    30 Year FHA Refi 6.27% 4/21/24
    30 Year VA Purchase 5.98% 4/21/24
    30 Year VA Refi 6.27% 4/21/24
    30 Year USDA Purchase 6.27% 4/21/24
    15 Year Conventional Purchase 5.87% 4/21/24
    15 Year Conventional Refi 5.88% 4/21/24
    15 Year Cash-out Refi 5.88% 4/21/24
    15 Year FHA Purchase 7.63% 4/21/24
    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

    1,703

    Origination Dollar Volume (All Markets)

    $260,605,000
    Show all (5) 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
    OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 1,095 $169,835,000 $155,100 $3,150 4.86%
    LOGAN, UT-ID (FHA|USDA|VA) 213 $31,305,000 $146,972 $2,760 4.78%
    SALT LAKE CITY, UT (FHA|USDA|VA) 158 $27,160,000 $171,899 $3,485 4.96%
    ST. GEORGE, UT (FHA|USDA|VA) 56 $10,700,000 $191,071 $3,935 4.82%
    PROVO-OREM, UT (FHA|USDA|VA) 52 $8,090,000 $155,577 $2,947 5.18%
    Outside of Metro Areas 102 $7,480,000 $73,333 $2,548 5.22%
    Heber, UT (FHA|USDA|VA) 12 $2,810,000 $234,167 $4,350 4.81%
    POCATELLO, ID (FHA|USDA|VA) 5 $935,000 $187,000 $3,871 4.63%
    Burley, ID (FHA|USDA|VA) 2 $790,000 $395,000 $10,153 4.81%
    LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 2 $310,000 $155,000 $3,796 3.69%
    CHATTANOOGA, TN-GA (FHA|USDA|VA) 1 $275,000 $275,000 $12,191 4.00%
    CASPER, WY (FHA|USDA|VA) 1 $275,000 $275,000 $3,328 4.75%
    Blackfoot, ID (FHA|USDA|VA) 1 $195,000 $195,000 $3,669 4.38%
    BEND, OR (FHA|USDA|VA) 1 $165,000 $165,000 $3,313 4.50%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $165,000 $165,000 $3,003 4.38%
    Cedar City, UT (FHA|USDA|VA) 1 $115,000 $115,000 $2,632 4.38%
    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)
  • Wyoming (FHA|USDA|VA)
  • Nevada (FHA|USDA|VA)
  • Tennessee (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: 256
    Jordan Federal Credit Union
    Similarity Rank: 294
    ADVANTAGE PLUS
    Similarity Rank: 595
    SUN AMERICAN MORTGAGE COMPANY
    Similarity Rank: 1100
    Triumph Bank
    Similarity Rank: 1224
    Cache Valley Bank
    Similarity Rank: 1560
    HOMEAMERICAN MORTGAGE CORPORATION
    Similarity Rank: 1740
    Deseret First Credit Union
    Similarity Rank: 1792
    UTAH COMMUNITY
    Similarity Rank: 1800
    GRANITE FEDERAL CREDIT UNION
    Similarity Rank: 1820

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 979 $188,615,000 $192,661 $2,760 4.68%
    HELOC 624 $48,200,000 $77,244 n/a 5.31%
    FHA 55 $12,375,000 $225,000 $7,268 4.48%
    VA 40 $10,380,000 $259,500 $7,243 4.02%
    USDA 5 $1,035,000 $207,000 $5,207 4.33%

    For 2018, Goldenwest's most frequently originated type of loan was Conventional, with 979 originations. Their 2nd most popular type was HELOC, with 624 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 496 $107,400,000 $216,532 $4,031 4.74%
    NA 394 $31,190,000 $79,162 $0 5.32%
    Refi 289 $64,565,000 $223,408 $3,355 4.45%
    Cash Out Refi 260 $36,890,000 $141,885 $2,069 4.76%
    Home Improvement 245 $19,475,000 $79,490 $1,399 5.11%
    Other 19 $1,085,000 $57,105 $0 5.45%

    For 2018, Goldenwest's most frequently cited loan purpose was Home Purchase, with 496 originations. The 2nd most popular reason was NA, with 394 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 681 $169,595,000 $249,038 $4,149 4.70%
    20 Year 664 $56,110,000 $84,503 $2,969 5.26%
    10 Year 197 $11,905,000 $60,431 $637 4.93%
    15 Year 96 $17,220,000 $179,375 $3,075 3.99%
    Other 48 $4,800,000 $100,000 $839 4.35%
    5 Year 16 $920,000 $57,500 $484 4.02%
    3 Year 1 $55,000 $55,000 $0 5.49%

    For 2018, Goldenwest's most frequently cited loan duration was 30 Year, with 681 originations. The 2nd most popular length was 20 Year, with 664 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 444 $90,200,000 $203,153
    $<1k 399 $33,125,000 $83,020
    $2k-3k 164 $56,000,000 $341,463
    $3k-4k 34 $12,950,000 $380,882
    $5k+ 21 $14,075,000 $670,238
    $4k-5k 15 $5,975,000 $398,333

    Goldenwest's average total fees were $4,149, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 444 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 991 $179,675,000 $181,307
    5-6% 406 $41,390,000 $101,946
    3-4% 205 $35,665,000 $173,976
    6-7% 76 $3,400,000 $44,737
    7-8% 23 $345,000 $15,000
    2.5-3% 1 $105,000 $105,000

    During 2018, Goldenwest's average interest rate for loans was 4.70%, while their most frequently originated rate bucket for loans was 4-5%, with 991 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 765 $35,695,000 $46,660 $760 5.23%
    $100k-200k 434 $65,010,000 $149,793 $2,873 4.69%
    $200k-400k 414 $113,820,000 $274,928 $4,494 4.55%
    $400k-600k 78 $35,460,000 $454,615 $6,254 4.50%
    $600k-1MM 10 $7,610,000 $761,000 $8,513 4.64%
    $1MM+ 2 $3,010,000 $1,505,000 $20,606 5.19%

    2018 saw Goldenwest place emphasis on $100,000 or less loans with 765 originations, totaling $35,695,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 472 $64,510,000 $136,674 $3,054 4.87%
    $100k-150k 390 $66,730,000 $171,103 $3,539 4.97%
    $75k-100k 335 $52,235,000 $155,925 $3,240 4.83%
    $50k or less 285 $28,655,000 $100,544 $2,410 4.80%
    $150k-250k 152 $27,910,000 $183,618 $3,175 5.04%
    $250k+ 69 $20,565,000 $298,043 $5,426 4.84%

    Goldenwest lent most frequently to those with incomes in the $50k-75k range, with 472 originations. The second most popular income band? $100k-150k, with 390 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 389 $50,255,000 $129,190 $2,698 4.83%
    30-36% 353 $48,805,000 $138,258 $2,926 4.93%
    <20% 172 $26,360,000 $153,256 $2,797 4.68%
    42% 94 $14,510,000 $154,362 $2,999 4.94%
    37% 81 $10,925,000 $134,877 $2,854 5.02%
    36% 79 $10,125,000 $128,165 $2,853 5.18%
    39% 72 $12,730,000 $176,806 $3,316 5.01%
    38% 71 $9,745,000 $137,254 $2,973 5.05%
    40% 69 $10,385,000 $150,507 $4,123 5.07%
    41% 64 $7,620,000 $119,063 $2,296 4.95%
    44% 45 $10,425,000 $231,667 $4,855 4.75%
    43% 44 $8,480,000 $192,727 $3,831 4.84%
    46% 35 $9,115,000 $260,429 $4,143 4.62%
    49% 31 $7,155,000 $230,806 $3,846 4.44%
    47% 30 $6,150,000 $205,000 $4,214 4.88%
    45% 28 $6,430,000 $229,643 $3,345 4.74%
    48% 22 $5,900,000 $268,182 $4,054 4.63%
    50-60% 19 $3,065,000 $161,316 $3,858 5.39%
    >60% 3 $1,955,000 $651,667 $10,460 4.96%

    Goldenwest lent most frequently to those with DTI ratios of 20-30%, with 389 originations. The next most common DTI ratio? 30-36%, with 353 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,526 $232,210,000 $152,169 $3,131 4.90%
    Not provided 125 $23,355,000 $186,840 $3,617 4.68%
    Asian 22 $2,780,000 $126,364 $2,885 5.08%
    Black 7 $825,000 $117,857 $2,442 4.68%
    Native Hawaiian or Islander 7 $625,000 $89,286 $3,614 5.14%
    Not applicable 13 $555,000 $42,692 $0 5.50%
    Japanese 1 $165,000 $165,000 $2,657 4.50%
    Asian Indian 1 $75,000 $75,000 $0 4.75%
    American Indian 1 $15,000 $15,000 $0 5.00%

    Approval Rates

    Total approvals of all applications
    85.80%

    Goldenwest has an average approval rate.

    Pick Rate

    Approvals leading to origination
    39.17%

    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 1,703 $260,605,000 $153,027

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 1 $45,000 $45,000
    Single Family (1-4 Units):Site-Built 1,702 $260,560,000 $153,090

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 280 $29,320,000 $104,714 $1,502 5.01%
    40-60% 191 $35,415,000 $185,419 $2,821 4.53%
    60-80% 334 $85,990,000 $257,455 $3,823 4.55%
    80-100% 345 $83,395,000 $241,725 $4,269 4.71%
    Over 100% 7 $2,375,000 $339,286 $13,470 4.11%
    Under 20% 511 $19,445,000 $38,053 $550 5.30%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    GOLDEN 1 CREDIT UNION, THE Other type of mortgage Closing on a mortgage 1 50.0%
    GOLDEN 1 CREDIT UNION, THE Conventional home mortgage Trouble during payment process 1 50.0%