West Community Mortgage Rates, Fees & InfoO Fallon, MO
Tax ID: 43-0603999
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Review & OverviewWest Community is a smaller mortgage company specializing in Home Improvement, Home Purchase, and Refi loans. West Community has a high proportion of conventional loans. Their top markets by origination volume include: St. Louis, Columbia, Jefferson City, Branson, and Appleton among others. We have data for 12 markets. (Some data included below & more in-depth data is available with an active subscription.)
West Community has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. West Community 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.
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|Simulated Rate||Simulation Date|
|Home Equity Line of Credit (HELOC)||7.00%||3/27/23|
|30 Year Conventional Purchase||6.24%||3/27/23|
|30 Year Conventional Refi||6.22%||3/27/23|
|30 Year FHA Purchase||0.69%||3/27/23|
|30 Year VA Purchase||6.27%||3/27/23|
|30 Year USDA Purchase||6.27%||3/27/23|
|15 Year Conventional Purchase||6.14%||3/27/23|
|15 Year Conventional Refi||6.35%||3/27/23|
|15 Year Cash-out Refi||6.35%||3/27/23|
|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.|
Origination Dollar Volume (All Markets)$107,880,000
West Community's average 30 year fixed mortgage rate was
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
This yields a difference of -0.09%.
Relative Fees (Closing Costs)
West Community's average total fees/closing costs for a 30 year fixed rate
mortgage were $3,130.
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.
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|
|ST. LOUIS, MO-IL (FHA|USDA|VA)||863||$93,185,000||$107,978||$3,195||5.18%|
|COLUMBIA, MO (FHA|USDA|VA)||57||$9,815,000||$172,193||$2,319||5.31%|
|Outside of Metro Areas||12||$2,370,000||$197,500||$3,291||5.13%|
|JEFFERSON CITY, MO (FHA|USDA|VA)||4||$780,000||$195,000||$4,288||5.00%|
|Branson, MO (FHA|USDA|VA)||1||$485,000||$485,000||$3,757||6.50%|
|APPLETON, WI (FHA|USDA|VA)||1||$355,000||$355,000||$2,265||6.50%|
|Farmington, MO (FHA|USDA|VA)||2||$290,000||$145,000||$4,242||5.00%|
|Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA)||1||$175,000||$175,000||$0||2.74%|
|Maryville, MO (FHA|USDA|VA)||1||$135,000||$135,000||$0||4.75%|
|KANSAS CITY, MO-KS (FHA|USDA|VA)||2||$120,000||$60,000||$0||3.99%|
|Sedalia, MO (FHA|USDA|VA)||1||$115,000||$115,000||$2,300||3.25%|
|Mexico, MO (FHA|USDA|VA)||1||$55,000||$55,000||$0||7.24%|
We use machine learning to identify the top lenders compared against WEST COMMUNITY based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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|Loan Type||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
For 2022, West Community's most frequently originated type of loan was HELOC, with 786 originations. Their 2nd most popular type was Conventional, with 160 originations.
For 2022, West Community's most frequently cited loan purpose was Home Improvement, with 579 originations. The 2nd most popular reason was Home Purchase, with 189 originations.
For 2022, West Community's most frequently cited loan duration was 20 Year, with 663 originations. The 2nd most popular length was 30 Year, with 139 originations.
Origination Fees/Closing Costs
|Origination Fee/Closing Cost||Originations||Total Value||Average Loan|
West Community's average total fees were $3,130, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 124 originations.
During 2022, West Community's average interest rate for loans was 4.67%, while their most frequently originated rate bucket for loans was 5-6%, with 223 originations.
2022 saw West Community place emphasis on $100,000 or less loans with 582 originations, totaling $31,510,000 in origination value.
West Community lent most frequently to those with incomes in the $100k-150k range, with 225 originations. The second most popular income band? $250k+, with 164 originations.
Applicant Debt to Income Ratio
West Community lent most frequently to those with DTI ratios of <20%, with 323 originations. The next most common DTI ratio? 20-30%, with 214 originations.
Approval RatesTotal approvals of all applications
West Community has an average approval rate.
Pick RateApprovals leading to origination
West Community has a below average pick rate.
Points and Fees
|Points||Originations||Total Value||Average Loan|
|Bank Name||Product||Issue||2022 CPFB Complaints||% of Total Issues|
|West Coast Servicing, Inc.||Conventional home mortgage||Trouble during payment process||1||100.0%|