Goldenwest Mortgage Rates, Fees & Info
Ogden, UTLEI: 549300BDHZAV4ZQHQV19
Tax ID: 87-0214471
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Mortgage Data
Review & Overview
Goldenwest is a smaller mortgage company specializing in Refi, Cash Out 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. 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: Ogden, Salt Lake City, Logan, St. George, and Provo among others. We have data for 17 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.02% | 11/22/24 |
| 30 Year Conventional Purchase | 6.52% | 11/22/24 |
| 30 Year Conventional Refi | 6.29% | 11/22/24 |
| 30 Year Cash-out Refi | 6.54% | 11/22/24 |
| 30 Year FHA Purchase | 7.42% | 11/22/24 |
| 30 Year FHA Refi | 6.27% | 11/22/24 |
| 30 Year VA Purchase | 5.98% | 11/22/24 |
| 30 Year VA Refi | 6.27% | 11/22/24 |
| 30 Year USDA Purchase | 6.27% | 11/22/24 |
| 15 Year Conventional Purchase | 5.87% | 11/22/24 |
| 15 Year Conventional Refi | 5.88% | 11/22/24 |
| 15 Year Cash-out Refi | 5.88% | 11/22/24 |
| 15 Year FHA Purchase | 7.63% | 11/22/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
3,046Origination Dollar Volume (All Markets)
$514,980,000Awards
GOLDENWEST - 2019
GOLDENWEST is a 2019 , due to their low .
For 2019, less than of lenders were eligible for this award.
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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) | 2,041 | $340,475,000 | $166,818 | $3,802 | 4.65% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 340 | $60,860,000 | $179,000 | $4,047 | 4.77% |
| LOGAN, UT-ID (FHA|USDA|VA) | 360 | $59,260,000 | $164,611 | $3,631 | 4.57% |
| ST. GEORGE, UT (FHA|USDA|VA) | 132 | $21,890,000 | $165,833 | $4,131 | 4.76% |
| PROVO-OREM, UT (FHA|USDA|VA) | 98 | $18,180,000 | $185,510 | $4,748 | 4.77% |
| Heber, UT (FHA|USDA|VA) | 19 | $5,275,000 | $277,632 | $4,480 | 4.78% |
| Outside of Metro Areas | 38 | $4,130,000 | $108,684 | $3,262 | 5.18% |
| Rexburg, ID (FHA|USDA|VA) | 5 | $1,225,000 | $245,000 | $4,781 | 3.55% |
| TWIN FALLS, ID (FHA|USDA|VA) | 3 | $755,000 | $251,667 | $4,351 | 3.88% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 1 | $695,000 | $695,000 | $9,876 | 4.50% |
| POCATELLO, ID (FHA|USDA|VA) | 2 | $560,000 | $280,000 | $4,489 | 3.50% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $4,984 | 3.25% |
| Burley, ID (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $4,623 | 3.25% |
| Cedar City, UT (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $3,802 | 3.75% |
| IDAHO FALLS, ID (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,066 | 3.75% |
| Riverton, WY (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,374 | 3.88% |
| Evanston, WY (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $1,979 | 4.88% |
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.
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Product Mix
For 2019, Goldenwest's most frequently originated type of loan was Conventional, with 1,629 originations. Their 2nd most popular type was HELOC, with 1,292 originations.
Loan Reason
For 2019, Goldenwest's most frequently cited loan purpose was NA, with 804 originations. The 2nd most popular reason was Refi, with 598 originations.
Loan Duration/Length
For 2019, Goldenwest's most frequently cited loan duration was 20 Year, with 1,434 originations. The 2nd most popular length was 30 Year, with 1,152 originations.
Origination Fees/Closing Costs
Goldenwest's average total fees were $4,065, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 807 originations.
Interest Rates
During 2019, Goldenwest's average interest rate for loans was 3.97%, while their most frequently originated rate bucket for loans was 3-4%, with 1,085 originations.
Loan Sizing
2019 saw Goldenwest place emphasis on $100,000 or less loans with 1,148 originations, totaling $56,570,000 in origination value.
Applicant Income
Goldenwest lent most frequently to those with incomes in the $50k-75k range, with 788 originations. The second most popular income band? $100k-150k, with 768 originations.
Applicant Debt to Income Ratio
Goldenwest lent most frequently to those with DTI ratios of 20-30%, with 758 originations. The next most common DTI ratio? 30-36%, with 645 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications85.48%
Goldenwest has an average approval rate.
Pick Rate
Approvals leading to origination47.83%
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 |
|---|---|---|---|
| 1050.0 | 1 | $185,000 | $185,000 |
| 170.0 | 2 | $90,000 | $45,000 |
| 341.0 | 1 | $35,000 | $35,000 |
| 356.0 | 1 | $55,000 | $55,000 |
| 374.0 | 1 | $55,000 | $55,000 |
| 490.0 | 1 | $75,000 | $75,000 |
| 496.0 | 1 | $145,000 | $145,000 |
| 516.0 | 2 | $150,000 | $75,000 |
| 526.0 | 1 | $45,000 | $45,000 |
| 546.0 | 2 | $80,000 | $40,000 |
| 586.0 | 1 | $15,000 | $15,000 |
| 598.0 | 1 | $25,000 | $25,000 |
| 649.0 | 1 | $55,000 | $55,000 |
| 684.0 | 1 | $55,000 | $55,000 |
| 770.0 | 1 | $85,000 | $85,000 |
| 771.0 | 1 | $155,000 | $155,000 |
| 795.0 | 1 | $85,000 | $85,000 |
| 800.0 | 2 | $200,000 | $100,000 |
| 966.0 | 1 | $165,000 | $165,000 |
| 995.0 | 1 | $115,000 | $115,000 |
| NA | 3,022 | $513,110,000 | $169,792 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 6 | $670,000 | $111,667 |
| Single Family (1-4 Units):Site-Built | 3,040 | $514,310,000 | $169,181 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| GOLDEN 1 CREDIT UNION, THE | Conventional home mortgage | Trouble during payment process | 2 | 66.7% |
| GOLDEN 1 CREDIT UNION, THE | Home equity loan or line of credit (HELOC) | Trouble during payment process | 1 | 33.3% |