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

Jump to:

  • 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, 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.

    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.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    Home Equity Line of Credit (HELOC) 7.00% 12/2/24
    30 Year Conventional Purchase 6.24% 12/2/24
    30 Year Conventional Refi 6.22% 12/2/24
    30 Year FHA Purchase 0.69% 12/2/24
    30 Year VA Purchase 6.27% 12/2/24
    30 Year USDA Purchase 6.27% 12/2/24
    15 Year Conventional Purchase 6.14% 12/2/24
    15 Year Conventional Refi 6.35% 12/2/24
    15 Year Cash-out Refi 6.35% 12/2/24
    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

    946

    Origination Dollar Volume (All Markets)

    $107,880,000

    Awards

    WEST COMMUNITY 30 Year Conventional Loans silver WEST COMMUNITY 30 Year Conventional Loans bronze
    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) 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%
    West Community's top markets include St. Louis, Columbia, Jefferson City, Branson, and Appleton among others.

    Their top states include:
  • Missouri (FHA|USDA|VA)
  • Illinois (FHA|USDA|VA)
  • Wisconsin (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)
  • Virginia (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.

    D.W. BROWN MORTGAGE CORP.
    Similarity Rank: 59
    The Callaway Bank
    Similarity Rank: 108
    Ozarks Federal Savings and Loan Association
    Similarity Rank: 126
    First National Bank of Waterloo
    Similarity Rank: 216
    Gateway Metro Federal Credit Union
    Similarity Rank: 240
    MISSOURI Credit Union
    Similarity Rank: 342
    MORTGAGE SOLUTIONS LLC
    Similarity Rank: 368
    United Bank of Union
    Similarity Rank: 450
    JERSEY STATE BANK
    Similarity Rank: 452
    The Bank of Missouri
    Similarity Rank: 517

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 786 $68,760,000 $87,481 n/a 5.28%
    Conventional 160 $39,120,000 $244,500 $3,035 4.70%

    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.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 579 $50,185,000 $86,675 $145 5.25%
    Home Purchase 189 $32,325,000 $171,032 $3,299 4.92%
    Refi 147 $23,075,000 $156,973 $2,813 4.86%
    Other 30 $2,030,000 $67,667 $0 7.15%
    Cash Out Refi 1 $265,000 $265,000 $2,024 3.00%

    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.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    20 Year 663 $59,965,000 $90,445 $2,944 5.08%
    30 Year 139 $35,195,000 $253,201 $3,130 4.67%
    15 Year 122 $11,330,000 $92,869 $2,951 6.00%
    10 Year 22 $1,390,000 $63,182 $109 7.07%

    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
    $1k-2k 124 $30,850,000 $248,790
    $2k-3k 17 $3,825,000 $225,000
    $<1k 7 $675,000 $96,429
    $3k-4k 5 $1,715,000 $343,000
    $5k+ 4 $1,610,000 $402,500
    $4k-5k 1 $245,000 $245,000

    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.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 223 $25,835,000 $115,852
    4-5% 214 $26,110,000 $122,009
    6-7% 201 $19,365,000 $96,343
    3-4% 107 $18,055,000 $168,738
    7-8% 77 $5,335,000 $69,286
    <2.5% 59 $5,795,000 $98,220
    2.5-3% 50 $6,560,000 $131,200
    Over 8% 15 $825,000 $55,000

    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.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 582 $31,510,000 $54,141 $1,684 5.41%
    $100k-200k 205 $28,105,000 $137,098 $2,880 4.92%
    $200k-400k 135 $35,955,000 $266,333 $3,109 4.68%
    $400k-600k 18 $8,500,000 $472,222 $4,406 4.73%
    $600k-1MM 6 $3,810,000 $635,000 $3,538 4.37%

    2022 saw West Community place emphasis on $100,000 or less loans with 582 originations, totaling $31,510,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 225 $26,965,000 $119,844 $3,035 5.13%
    $250k+ 164 $21,670,000 $132,134 $3,872 4.82%
    $50k-75k 155 $13,575,000 $87,581 $2,710 5.43%
    $150k-250k 152 $20,510,000 $134,934 $3,687 5.27%
    $75k-100k 144 $15,110,000 $104,931 $3,050 5.34%
    $50k or less 106 $10,050,000 $94,811 $2,864 5.16%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    <20% 323 $32,685,000 $101,192 $2,143 4.98%
    20-30% 214 $22,600,000 $105,607 $2,991 5.11%
    30-36% 130 $14,820,000 $114,000 $2,773 5.34%
    50-60% 38 $3,450,000 $90,789 $0 5.88%
    >60% 28 $2,740,000 $97,857 $0 5.47%
    36% 27 $3,585,000 $132,778 $2,796 5.52%
    39% 24 $3,800,000 $158,333 $3,665 5.33%
    37% 23 $3,455,000 $150,217 $3,674 5.52%
    44% 21 $2,605,000 $124,048 $2,457 5.12%
    42% 19 $2,805,000 $147,632 $2,873 5.36%
    40% 17 $3,705,000 $217,941 $4,511 5.56%
    43% 16 $2,100,000 $131,250 $2,511 5.64%
    41% 15 $2,435,000 $162,333 $3,431 5.07%
    38% 13 $1,495,000 $115,000 $2,553 5.01%
    47% 13 $1,575,000 $121,154 $3,439 5.06%
    49% 7 $1,235,000 $176,429 $2,588 4.17%
    46% 7 $1,175,000 $167,857 $2,939 4.89%
    45% 7 $1,085,000 $155,000 $4,364 6.42%
    48% 4 $530,000 $132,500 $2,970 4.56%

    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.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 861 $96,455,000 $112,027 $3,051 5.15%
    Black 44 $5,780,000 $131,364 $3,194 5.48%
    Asian 19 $3,135,000 $165,000 $3,047 4.92%
    Not provided 19 $2,165,000 $113,947 $2,574 6.38%
    American Indian 1 $255,000 $255,000 $0 2.49%
    Native Hawaiian or Islander 1 $55,000 $55,000 $0 6.99%
    Not applicable 1 $35,000 $35,000 $0 2.74%

    Approval Rates

    Total approvals of all applications
    90.32%

    West Community has an average approval rate.

    Pick Rate

    Approvals leading to origination
    78.54%

    West Community has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 946 $107,880,000 $114,038

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    946 $107,880,000 $114,038

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 260 $28,450,000 $109,423 $2,417 5.18%
    40-60% 48 $9,170,000 $191,042 $2,648 4.96%
    60-80% 60 $15,600,000 $260,000 $3,301 4.42%
    80-100% 96 $23,900,000 $248,958 $3,108 4.84%
    Over 100% 1 $125,000 $125,000 $0 5.09%
    Under 20% 433 $26,255,000 $60,635 $109 5.42%

    Complaints

    Bank Name Product Issue 2022 CPFB Complaints % of Total Issues
    West Coast Servicing, Inc. Conventional home mortgage Trouble during payment process 1 100.0%