West Community Mortgage Rates, Fees & Info

O Fallon, MO

LEI: 549300CCELEPUO4TOE73

Tax ID: 43-0603999

5 stars - out of 5 stars, based on 35 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

West Community is a smaller mortgage company specializing in Home Improvement, Refi, and Home Purchase loans. West Community has a high proportion of conventional loans. Their top markets include St. Louis, Columbia, Jefferson City, Moberly, and Marshall among others. West Community has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. West Community is typically a low fee lendor.


Originations

1,222

Origination Dollar Volume (All Markets)

$157,640,000

Awards

WEST COMMUNITY 30 Year Conventional Loans silver WEST COMMUNITY 30 Year Conventional Loans bronze WEST COMMUNITY 30 Year Conventional Loans silver
Show all (3) awards

Relative Rate

West Community's average 30 year fixed rate mortgage of loans were 3.04%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of -0.11%.

Relative Fees

West Community's average total fees for a 30 year fixed rate mortgage are $2,290.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
ST. LOUIS, MO-IL (FHA|USDA|VA) 1,075 $132,615,000 $123,363 $2,326 3.75%
COLUMBIA, MO (FHA|USDA|VA) 114 $19,860,000 $174,211 $2,029 3.24%
Outside of Metro Areas 12 $1,960,000 $163,333 $2,209 3.13%
JEFFERSON CITY, MO (FHA|USDA|VA) 5 $1,195,000 $239,000 $2,354 2.83%
Moberly, MO (FHA|USDA|VA) 3 $505,000 $168,333 $2,026 3.04%
Marshall, MO (FHA|USDA|VA) 1 $295,000 $295,000 $2,274 3.38%
Maryville, MO (FHA|USDA|VA) 2 $240,000 $120,000 $2,063 4.00%
Fort Leonard Wood, MO (FHA|USDA|VA) 2 $230,000 $115,000 $2,313 2.94%
Poplar Bluff, MO (FHA|USDA|VA) 1 $165,000 $165,000 $2,644 3.38%
Mexico, MO (FHA|USDA|VA) 1 $155,000 $155,000 $2,250 3.25%
CAPE GIRARDEAU, MO-IL (FHA|USDA|VA) 1 $105,000 $105,000 $2,228 2.88%
KANSAS CITY, MO-KS (FHA|USDA|VA) 1 $85,000 $85,000 $0 5.30%
Lebanon, MO (FHA|USDA|VA) 1 $75,000 $75,000 $1,928 2.88%
Warrensburg, MO (FHA|USDA|VA) 1 $75,000 $75,000 $0 3.49%
Sikeston, MO (FHA|USDA|VA) 1 $45,000 $45,000 $0 4.99%
Sedalia, MO (FHA|USDA|VA) 1 $35,000 $35,000 $0 4.99%

West Community's top markets include St. Louis, Columbia, Jefferson City, Moberly, and Marshall among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 1,222 $157,640,000 $129,002 $2,257 3.69%

For the 2021 period, West Community's most frequently originated loan type of loans were Conventional, with 1,222 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Improvement 595 $48,235,000 $81,067 $2,178 4.10%
Refi 423 $69,695,000 $164,764 $2,187 3.39%
Home Purchase 179 $33,915,000 $189,469 $2,419 3.16%
Cash Out Refi 25 $5,795,000 $231,800 $2,147 2.83%

For the 2021, West Community's most frequently cited loan purpose of loans were Home Improvement, with 595 originations. The 2nd most popular reason of loans were Refi, with 423 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
20 Year 617 $58,575,000 $94,935 $2,260 3.70%
30 Year 311 $68,995,000 $221,849 $2,290 3.04%
15 Year 276 $29,150,000 $105,616 $2,132 4.25%
10 Year 16 $770,000 $48,125 $0 6.59%
Other 2 $150,000 $75,000 $0 3.24%

For the 2021, West Community's most frequently cited loan length of loans were 20 Year, with 617 originations. The 2nd most popular length of loans were 30 Year, with 311 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$1k-2k 415 $88,545,000 $213,361
$<1k 8 $1,600,000 $200,000
$3k-4k 1 $225,000 $225,000

$2,290 of loans were West Community's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 415 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
3-4% 279 $37,485,000 $134,355
<2.5% 264 $33,350,000 $126,326
2.5-3% 261 $56,045,000 $214,732
4-5% 226 $17,400,000 $76,991
5-6% 128 $9,510,000 $74,297
6-7% 51 $3,245,000 $63,627
7-8% 13 $605,000 $46,538

During 2021, West Community's average interest rate of loans were 3.04%, while their most frequently originated rate bucket of loans were 3-4%, with 279 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$100,000 or less 610 $32,670,000 $53,557 $2,146 4.22%
$100k-200k 364 $50,430,000 $138,544 $2,160 3.27%
$200k-400k 213 $56,985,000 $267,535 $2,350 3.01%
$400k-600k 32 $15,130,000 $472,813 $2,555 3.03%
$600k-1MM 3 $2,425,000 $808,333 $2,398 3.33%

2021 saw West Community place emphasis on $100,000 or less loans with 610 originations, totaling $32,670,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 266 $37,270,000 $140,113 $2,281 3.70%
$50k-75k 235 $23,495,000 $99,979 $2,178 3.81%
$150k-250k 217 $33,775,000 $155,645 $2,394 3.67%
$75k-100k 216 $25,960,000 $120,185 $2,306 3.68%
$50k or less 195 $18,975,000 $97,308 $2,163 3.60%
$250k+ 93 $18,165,000 $195,323 $2,473 3.64%

West Community lent most frequently to those with incomes in the $100k-150k range, with 266 originations. The second most popular income band? $50k-75k, with 235 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 347 $43,325,000 $124,856 $2,260 3.71%
<20% 296 $34,880,000 $117,838 $2,287 3.69%
30-36% 193 $26,735,000 $138,523 $2,183 3.67%
50-60% 39 $4,065,000 $104,231 $2,429 4.31%
37% 37 $4,655,000 $125,811 $2,162 3.72%
40% 32 $4,500,000 $140,625 $2,213 3.59%
38% 28 $4,420,000 $157,857 $2,043 3.56%
36% 28 $3,380,000 $120,714 $2,336 3.51%
>60% 27 $2,415,000 $89,444 $0 4.26%
43% 26 $4,500,000 $173,077 $2,418 3.24%
41% 25 $3,865,000 $154,600 $2,251 3.41%
44% 21 $3,855,000 $183,571 $2,277 3.78%
49% 19 $3,685,000 $193,947 $2,587 3.40%
39% 17 $2,245,000 $132,059 $2,218 3.74%
47% 16 $1,880,000 $117,500 $2,232 3.34%
45% 16 $2,740,000 $171,250 $2,439 3.64%
42% 16 $2,360,000 $147,500 $2,060 3.39%
48% 16 $1,520,000 $95,000 $2,299 3.85%
46% 15 $1,935,000 $129,000 $2,222 3.91%

West Community lent most frequently to those with DTI ratios of 20-30%, with 347 originations. The next most common DTI ratio? <20%, with 296 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 1,102 $141,030,000 $127,976 $2,264 3.72%
Black 82 $9,550,000 $116,463 $2,189 3.61%
Not provided 18 $3,600,000 $200,000 $2,277 2.97%
Asian 18 $2,750,000 $152,778 $2,359 3.40%
American Indian 2 $710,000 $355,000 $1,981 2.88%

Approval Rates

Total approvals of all applications
94.47%

West Community has an average approval rate.

Pick Rate

Approvals leading to origination
84.17%

West Community has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 1,222 $157,640,000 $129,002

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
1,222 $157,640,000 $129,002

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 293 $33,305,000 $113,669 $2,171 3.89%
40-60% 91 $15,695,000 $172,473 $2,133 3.14%
60-80% 200 $47,840,000 $239,200 $2,246 2.91%
80-100% 157 $32,395,000 $206,338 $2,339 3.12%
Over 100% 1 $405,000 $405,000 $0 4.49%
Under 20% 480 $28,000,000 $58,333 $1,897 4.19%

Complaints

Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
West Coast Servicing, Inc. Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 20.0%
West Coast Servicing, Inc. Conventional home mortgage Struggling to pay mortgage 2 40.0%
West Coast Servicing, Inc. Home equity loan or line of credit (HELOC) Struggling to pay mortgage 2 40.0%