West Community Mortgage Rates, Fees & Info

O Fallon, MO

LEI: 549300CCELEPUO4TOE73

Tax ID: 43-0603999

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

    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. 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: St. Louis, Columbia, Jefferson City, Kansas City, and Chicago 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.

    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) 7.00% 4/28/24
    30 Year Conventional Purchase 6.24% 4/28/24
    30 Year Conventional Refi 6.22% 4/28/24
    30 Year FHA Purchase 0.69% 4/28/24
    30 Year VA Purchase 6.27% 4/28/24
    30 Year USDA Purchase 6.27% 4/28/24
    15 Year Conventional Purchase 6.14% 4/28/24
    15 Year Conventional Refi 6.35% 4/28/24
    15 Year Cash-out Refi 6.35% 4/28/24
    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.

    West Community Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from West Community. 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

    1,137

    Origination Dollar Volume (All Markets)

    $145,455,000

    Awards

    WEST COMMUNITY 30 Year Conventional Loans bronze WEST COMMUNITY 30 Year Conventional Loans silver
    Show all (2) 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
    ST. LOUIS, MO-IL (FHA|USDA|VA) 960 $121,420,000 $126,479 $2,300 3.85%
    COLUMBIA, MO (FHA|USDA|VA) 108 $16,620,000 $153,889 $2,057 3.59%
    Outside of Metro Areas 52 $4,460,000 $85,769 $2,484 3.99%
    JEFFERSON CITY, MO (FHA|USDA|VA) 6 $840,000 $140,000 $2,372 3.48%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 2 $700,000 $350,000 $2,662 3.19%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $315,000 $315,000 $4,787 3.25%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 2 $260,000 $130,000 $2,741 2.75%
    Moberly, MO (FHA|USDA|VA) 1 $215,000 $215,000 $1,761 3.88%
    APPLETON, WI (FHA|USDA|VA) 1 $195,000 $195,000 $2,267 2.63%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 1 $175,000 $175,000 $2,516 2.63%
    Mexico, MO (FHA|USDA|VA) 2 $170,000 $85,000 $2,513 4.12%
    CAPE GIRARDEAU, MO-IL (FHA|USDA|VA) 1 $85,000 $85,000 $1,902 3.50%
    West Community's top markets include St. Louis, Columbia, Jefferson City, Kansas City, and Chicago among others.

    Their top states include:
  • Missouri (FHA|USDA|VA)
  • (FHA|USDA|VA)
  • Illinois (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Wisconsin (FHA|USDA|VA)

    • Similar Lenders

    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.

    HNB National Bank
    Similarity Rank: 165
    United Bank of Union
    Similarity Rank: 245
    CapGrow Home Mortgage, LLC
    Similarity Rank: 352
    Prairie State Bank and Trust
    Similarity Rank: 360
    D.W. BROWN MORTGAGE CORP.
    Similarity Rank: 428
    Jefferson Bank of Missouri
    Similarity Rank: 720
    Ozarks Federal Savings and Loan Association
    Similarity Rank: 770
    Central Bank of Boone County
    Similarity Rank: 861
    The Bank of Missouri
    Similarity Rank: 957
    ELECTRO SAVINGS CREDIT UNION
    Similarity Rank: 1090

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 721 $55,875,000 $77,497 n/a 4.23%
    Conventional 414 $89,350,000 $215,821 $2,268 3.11%
    FHA 2 $230,000 $115,000 $0 4.49%

    For 2020, West Community's most frequently originated type of loan was HELOC, with 721 originations. Their 2nd most popular type was Conventional, with 414 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 466 $34,140,000 $73,262 $0 4.32%
    Refi 330 $46,550,000 $141,061 $2,126 3.60%
    Home Purchase 217 $36,765,000 $169,424 $2,538 3.50%
    Cash Out Refi 124 $28,000,000 $225,806 $2,136 3.12%

    For 2020, West Community's most frequently cited loan purpose was Home Improvement, with 466 originations. The 2nd most popular reason was Refi, with 330 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    20 Year 545 $46,925,000 $86,101 $2,262 4.16%
    30 Year 312 $70,860,000 $227,115 $2,290 3.20%
    15 Year 261 $26,975,000 $103,352 $2,176 3.81%
    10 Year 19 $695,000 $36,579 $2,674 4.40%

    For 2020, West Community's most frequently cited loan duration was 20 Year, with 545 originations. The 2nd most popular length was 30 Year, with 312 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 394 $84,650,000 $214,848
    $<1k 20 $4,700,000 $235,000

    West Community's average total fees were $2,290, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 394 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 550 $40,650,000 $73,909
    3-4% 358 $58,900,000 $164,525
    2.5-3% 214 $43,660,000 $204,019
    <2.5% 11 $2,025,000 $184,091
    5-6% 3 $195,000 $65,000
    6-7% 1 $25,000 $25,000

    During 2020, West Community's average interest rate for loans was 3.20%, while their most frequently originated rate bucket for loans was 4-5%, with 550 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 590 $31,990,000 $54,220 $2,121 4.16%
    $100k-200k 345 $50,085,000 $145,174 $2,201 3.58%
    $200k-400k 166 $45,410,000 $273,554 $2,366 3.27%
    $400k-600k 33 $15,325,000 $464,394 $2,439 3.13%
    $600k-1MM 2 $1,420,000 $710,000 $2,547 3.56%
    $1MM+ 1 $1,225,000 $1,225,000 $2,870 3.75%

    2020 saw West Community place emphasis on $100,000 or less loans with 590 originations, totaling $31,990,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 246 $34,270,000 $139,309 $2,347 3.75%
    $50k or less 224 $18,200,000 $81,250 $2,158 3.94%
    $50k-75k 219 $22,465,000 $102,580 $2,210 3.82%
    $75k-100k 183 $21,025,000 $114,891 $2,209 3.83%
    $150k-250k 181 $31,215,000 $172,459 $2,428 3.76%
    $250k+ 84 $18,280,000 $217,619 $2,222 3.83%

    West Community lent most frequently to those with incomes in the $100k-150k range, with 246 originations. The second most popular income band? $50k or less, with 224 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 349 $40,915,000 $117,235 $2,236 3.86%
    30-36% 253 $30,235,000 $119,506 $2,253 3.88%
    <20% 190 $25,280,000 $133,053 $2,201 3.82%
    39% 43 $6,125,000 $142,442 $2,237 3.73%
    36% 37 $5,545,000 $149,865 $2,376 3.72%
    42% 35 $4,775,000 $136,429 $2,214 3.86%
    41% 31 $4,115,000 $132,742 $2,461 3.78%
    37% 30 $3,330,000 $111,000 $2,385 3.63%
    38% 29 $4,345,000 $149,828 $2,635 3.66%
    40% 26 $3,940,000 $151,538 $2,331 3.78%
    43% 23 $3,625,000 $157,609 $2,269 3.64%
    44% 19 $3,925,000 $206,579 $2,311 3.53%
    46% 16 $2,120,000 $132,500 $2,192 3.91%
    45% 14 $1,960,000 $140,000 $2,222 3.63%
    50-60% 13 $1,645,000 $126,538 $2,146 4.12%
    48% 9 $1,435,000 $159,444 $2,142 3.62%
    47% 8 $410,000 $51,250 $1,896 4.12%
    49% 8 $1,320,000 $165,000 $2,368 3.47%
    >60% 4 $410,000 $102,500 $1,963 4.34%

    West Community lent most frequently to those with DTI ratios of 20-30%, with 349 originations. The next most common DTI ratio? 30-36%, with 253 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,055 $134,465,000 $127,455 $2,253 3.83%
    Black 59 $6,545,000 $110,932 $2,261 3.80%
    Asian 14 $2,330,000 $166,429 $2,851 3.70%
    Not provided 8 $2,090,000 $261,250 $2,626 2.89%
    Native Hawaiian or Islander 1 $25,000 $25,000 $0 4.49%

    Approval Rates

    Total approvals of all applications
    95.75%

    West Community has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    89.53%

    West Community has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,137 $145,455,000 $127,929

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 1,137 $145,455,000 $127,929

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 247 $26,075,000 $105,567 $2,067 4.08%
    40-60% 90 $15,940,000 $177,111 $2,120 3.38%
    60-80% 193 $45,595,000 $236,244 $2,269 3.17%
    80-100% 157 $31,365,000 $199,777 $2,362 3.30%
    Over 100% 2 $600,000 $300,000 $2,259 3.13%
    Under 20% 447 $25,755,000 $57,617 $1,977 4.23%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    West Coast Servicing, Inc. Conventional home mortgage Struggling to pay mortgage 1 50.0%
    West Coast Servicing, Inc. Home equity loan or line of credit (HELOC) Struggling to pay mortgage 1 50.0%