Wallick & Volk Mortgage Rates, Fees & Info

Cheyenne, WY

LEI: 549300FWQNRPTKXB8G79

Tax ID: 83-0171636

5 stars - Updated: 4/18/24 - out of 5 stars, based on 39 reviews

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

Review & Overview

Wallick & Volk is a smaller mortgage company specializing in Home Purchase loans. Wallick & Volk has a high proportion of conventional loans. They have a a high proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Cheyenne, Phoenix, San Antonio, Casper, and Waco among others. We have data for 65 markets. (Some data included below & more in-depth data is available with an active subscription.)

Wallick & Volk 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. Wallick & Volk is typically an average 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 relatively high 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
30 Year Conventional Purchase 6.39% 4/18/24
30 Year Conventional Refi 6.76% 4/18/24
30 Year Cash-out Refi 7.00% 4/18/24
30 Year FHA Purchase 7.44% 4/18/24
30 Year FHA Refi 7.42% 4/18/24
30 Year VA Purchase 6.25% 4/18/24
30 Year VA Refi 6.25% 4/18/24
30 Year USDA Purchase 6.57% 4/18/24
15 Year Conventional Purchase 6.50% 4/18/24
15 Year Conventional Refi 6.44% 4/18/24
15 Year Cash-out Refi 6.44% 4/18/24
15 Year VA Refi 5.68% 4/18/24
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.

Wallick & Volk Mortgage Calculator






Your Estimates

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

This is not an official calculator from Wallick & Volk. 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

1,486

Origination Dollar Volume (All Markets)

$389,810,000
Show all (16) awards

Relative Rate

Wallick & Volk's average 30 year fixed mortgage rate was 6.08%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of -0.4%.

Relative Fees (Closing Costs)

Wallick & Volk's average total fees/closing costs for a 30 year fixed rate mortgage were $7,953.

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 $9,089.

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
CHEYENNE, WY (FHA|USDA|VA) 199 $52,115,000 $261,884 $7,856 5.54%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 138 $44,190,000 $320,217 $8,196 6.89%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 128 $36,910,000 $288,359 $7,421 6.63%
CASPER, WY (FHA|USDA|VA) 207 $35,765,000 $172,778 $6,472 4.56%
WACO, TX (FHA|USDA|VA) 128 $31,710,000 $247,734 $6,760 6.80%
VICTORIA, TX (FHA|USDA|VA) 128 $31,060,000 $242,656 $8,895 6.52%
EL CENTRO, CA (FHA|USDA|VA) 82 $24,910,000 $303,780 $10,473 5.88%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 53 $19,885,000 $375,189 $8,967 5.95%
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 44 $14,110,000 $320,682 $7,611 6.89%
Outside of Metro Areas 60 $13,240,000 $220,667 $7,314 5.97%
FLAGSTAFF, AZ (FHA|USDA|VA) 35 $12,355,000 $353,000 $9,113 6.84%
ALBUQUERQUE, NM (FHA|USDA|VA) 56 $12,080,000 $215,714 $7,395 6.38%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 44 $11,170,000 $253,864 $8,031 6.87%
Outside of Metro Areas 20 $7,700,000 $385,000 $9,147 6.73%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 9 $3,425,000 $380,556 $10,678 6.40%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 12 $3,130,000 $260,833 $6,298 6.49%
Port Lavaca, TX (FHA|USDA|VA) 14 $3,050,000 $217,857 $7,278 6.74%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 7 $1,875,000 $267,857 $7,199 6.66%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 5 $1,865,000 $373,000 $10,942 6.90%
Riverton, WY (FHA|USDA|VA) 8 $1,790,000 $223,750 $5,865 5.84%
BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 4 $1,660,000 $415,000 $12,495 5.25%
FORT COLLINS, CO (FHA|USDA|VA) 3 $1,545,000 $515,000 $15,912 6.29%
OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 3 $1,325,000 $441,667 $8,322 6.83%
Aberdeen, WA (FHA|USDA|VA) 8 $1,280,000 $160,000 $4,455 5.23%
Payson, AZ (FHA|USDA|VA) 4 $1,280,000 $320,000 $9,303 6.66%
Brenham, TX (FHA|USDA|VA) 4 $1,260,000 $315,000 $3,280 6.66%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 3 $1,245,000 $415,000 $14,087 6.21%
TUCSON, AZ (FHA|USDA|VA) 4 $1,200,000 $300,000 $5,089 6.79%
Gillette, WY (FHA|USDA|VA) 6 $1,190,000 $198,333 $4,750 6.06%
Show Low, AZ (FHA|USDA|VA) 5 $1,045,000 $209,000 $4,004 5.90%
Laramie, WY (FHA|USDA|VA) 5 $1,015,000 $203,000 $7,630 5.55%
YUMA, AZ (FHA|USDA|VA) 3 $995,000 $331,667 $11,636 7.21%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 1 $965,000 $965,000 $5,679 6.88%
CORPUS CHRISTI, TX (FHA|USDA|VA) 3 $855,000 $285,000 $8,213 6.38%
Uvalde, TX (FHA|USDA|VA) 4 $820,000 $205,000 $7,156 6.24%
SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 4 $710,000 $177,500 $6,284 3.59%
LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 2 $620,000 $310,000 $9,030 5.75%
SANTA FE, NM (FHA|USDA|VA) 3 $575,000 $191,667 $4,981 7.25%
PUNTA GORDA, FL (FHA|USDA|VA) 1 $565,000 $565,000 $23,089 6.25%
Granbury, TX (FHA|USDA|VA) 3 $535,000 $178,333 $4,874 7.08%
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 1 $495,000 $495,000 $870 7.00%
FRESNO, CA (FHA|USDA|VA) 1 $485,000 $485,000 $2 6.38%
Port Angeles, WA (FHA|USDA|VA) 4 $480,000 $120,000 $5,367 5.38%
Oak Harbor, WA (FHA|USDA|VA) 2 $420,000 $210,000 $7,219 3.69%
Rockport, TX (FHA|USDA|VA) 2 $410,000 $205,000 $12,255 7.38%
EspaƱola, NM (FHA|USDA|VA) 1 $395,000 $395,000 $12,856 6.88%
Durango, CO (FHA|USDA|VA) 1 $395,000 $395,000 $51 5.88%
LINCOLN, NE (FHA|USDA|VA) 1 $325,000 $325,000 $22,683 7.25%
BOISE CITY, ID (FHA|USDA|VA) 1 $315,000 $315,000 $13,717 5.75%
Sandpoint, ID (FHA|USDA|VA) 1 $285,000 $285,000 $0 7.50%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 2 $280,000 $140,000 $14,618 3.75%
Corsicana, TX (FHA|USDA|VA) 1 $265,000 $265,000 $5,143 6.75%
Del Rio, TX (FHA|USDA|VA) 1 $225,000 $225,000 $5,733 6.00%
Bay City, TX (FHA|USDA|VA) 1 $225,000 $225,000 $4,047 7.00%
Rock Springs, WY (FHA|USDA|VA) 2 $220,000 $110,000 $1,860 8.75%
LAREDO, TX (FHA|USDA|VA) 1 $215,000 $215,000 $2,739 7.38%
POCATELLO, ID (FHA|USDA|VA) 1 $205,000 $205,000 $1,983 5.50%
ABILENE, TX (FHA|USDA|VA) 1 $195,000 $195,000 $8,247 7.25%
Lexington, NE (FHA|USDA|VA) 1 $165,000 $165,000 $13,765 6.63%
BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 1 $165,000 $165,000 $3,323 5.88%
Moscow, ID (FHA|USDA|VA) 2 $150,000 $75,000 $1,671 6.50%
Portales, NM (FHA|USDA|VA) 2 $150,000 $75,000 $3,391 7.31%
WICHITA FALLS, TX (FHA|USDA|VA) 2 $120,000 $60,000 $2,163 9.00%
Las Vegas, NM (FHA|USDA|VA) 2 $120,000 $60,000 $4,600 7.19%
Crescent City, CA (FHA|USDA|VA) 1 $85,000 $85,000 $4,095 6.75%
Wallick & Volk's top markets include Cheyenne, Phoenix, San Antonio, Casper, and Waco among others.

Their top states include:
  • Texas (FHA|USDA|VA)
  • Wyoming (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • California (FHA|USDA|VA)
  • Washington (FHA|USDA|VA)
  • Similar Lenders

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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 764 $172,180,000 $225,366 $5,626 5.76%
    FHA 555 $156,875,000 $282,658 $9,699 6.55%
    VA 158 $58,760,000 $371,899 $10,014 6.24%
    USDA 9 $1,995,000 $221,667 $6,212 6.31%

    For 2023, Wallick & Volk's most frequently originated type of loan was Conventional, with 764 originations. Their 2nd most popular type was FHA, with 555 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,418 $371,080,000 $261,693 $7,669 6.07%
    Cash Out Refi 41 $11,495,000 $280,366 $9,804 6.84%
    Refi 21 $5,335,000 $254,048 $8,939 6.80%
    Home Improvement 6 $1,900,000 $316,667 $12,782 6.96%

    For 2023, Wallick & Volk's most frequently cited loan purpose was Home Purchase, with 1,418 originations. The 2nd most popular reason was Cash Out Refi, with 41 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,423 $385,275,000 $270,748 $7,953 6.08%
    10 Year 33 $635,000 $19,242 $457 7.61%
    15 Year 22 $2,880,000 $130,909 $3,909 7.02%
    20 Year 3 $765,000 $255,000 $8,077 6.88%
    3 Year 3 $25,000 $8,333 $20 0.00%
    30+ year 1 $5,000 $5,000 $100 0.00%
    Other 1 $225,000 $225,000 $7,340 6.25%

    For 2023, Wallick & Volk's most frequently cited loan duration was 30 Year, with 1,423 originations. The 2nd most popular length was 10 Year, with 33 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 588 $120,600,000 $205,102
    $5k+ 370 $133,860,000 $361,784
    $3k-4k 166 $41,830,000 $251,988
    $2k-3k 132 $30,100,000 $228,030
    $4k-5k 115 $33,785,000 $293,783
    $1k-2k 78 $21,960,000 $281,538

    Wallick & Volk's average total fees were $7,953, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 588 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 656 $196,880,000 $300,122
    7-8% 352 $108,920,000 $309,432
    5-6% 292 $72,260,000 $247,466
    <2.5% 126 $1,530,000 $12,143
    Over 8% 46 $5,630,000 $122,391
    4-5% 12 $4,100,000 $341,667
    3-4% 2 $490,000 $245,000

    During 2023, Wallick & Volk's average interest rate for loans was 6.08%, while their most frequently originated rate bucket for loans was 6-7%, with 656 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 777 $224,295,000 $288,668 $8,546 6.64%
    $100k-200k 263 $42,845,000 $162,909 $5,542 6.52%
    $100,000 or less 213 $4,885,000 $22,934 $683 2.99%
    $400k-600k 200 $94,720,000 $473,600 $11,722 6.77%
    $600k-1MM 33 $23,065,000 $698,939 $13,743 6.62%

    2023 saw Wallick & Volk place emphasis on $200k-400k loans with 777 originations, totaling $224,295,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 404 $123,600,000 $305,941 $8,884 6.59%
    $50k-75k 384 $72,280,000 $188,229 $6,032 5.58%
    $75k-100k 345 $87,115,000 $252,507 $7,508 6.07%
    $150k-250k 195 $75,405,000 $386,692 $11,028 6.61%
    $50k or less 117 $14,965,000 $127,906 $4,621 5.35%
    $250k+ 39 $15,405,000 $395,000 $9,136 6.52%

    Wallick & Volk lent most frequently to those with incomes in the $100k-150k range, with 404 originations. The second most popular income band? $50k-75k, with 384 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 215 $53,345,000 $248,116 $6,516 6.00%
    50-60% 194 $59,570,000 $307,062 $9,660 6.53%
    20-30% 137 $30,095,000 $219,672 $6,364 6.07%
    49% 94 $30,510,000 $324,574 $8,005 6.65%
    44% 92 $25,410,000 $276,196 $8,179 6.16%
    43% 83 $20,635,000 $248,614 $7,666 5.96%
    41% 79 $19,995,000 $253,101 $7,602 5.89%
    42% 62 $15,770,000 $254,355 $8,901 6.10%
    37% 61 $16,275,000 $266,803 $8,114 5.63%
    40% 61 $14,285,000 $234,180 $7,725 5.51%
    45% 59 $15,735,000 $266,695 $7,871 6.42%
    48% 56 $15,830,000 $282,679 $9,257 6.48%
    46% 53 $14,415,000 $271,981 $8,104 6.28%
    39% 53 $11,545,000 $217,830 $7,196 5.82%
    36% 52 $10,990,000 $211,346 $6,472 5.35%
    38% 51 $12,325,000 $241,667 $6,814 5.78%
    47% 45 $13,435,000 $298,556 $8,213 6.42%
    <20% 35 $7,815,000 $223,286 $6,355 6.20%
    >60% 4 $1,830,000 $457,500 $10,844 4.97%

    Wallick & Volk lent most frequently to those with DTI ratios of 30-36%, with 215 originations. The next most common DTI ratio? 50-60%, with 194 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,233 $313,095,000 $253,929 $7,689 6.07%
    Not provided 138 $41,660,000 $301,884 $8,312 6.27%
    Black 63 $18,965,000 $301,032 $8,429 6.27%
    Asian 29 $9,465,000 $326,379 $7,121 6.55%
    American Indian 20 $5,050,000 $252,500 $7,311 6.33%
    Filipino 1 $595,000 $595,000 $12,182 7.13%
    Native Hawaiian or Islander 1 $535,000 $535,000 $10,584 6.13%
    Korean 1 $445,000 $445,000 $3,564 7.00%

    Approval Rates

    Total approvals of all applications
    94.81%

    Wallick & Volk has an average approval rate.

    Pick Rate

    Approvals leading to origination
    74.29%

    Wallick & Volk has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,486 $389,810,000 $262,322

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,486 $389,810,000 $262,322

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 32 $4,390,000 $137,188 $4,728 6.49%
    40-60% 85 $18,715,000 $220,176 $6,069 6.61%
    60-80% 205 $62,215,000 $303,488 $8,071 6.85%
    80-100% 938 $287,790,000 $306,812 $8,620 6.59%
    Over 100% 37 $13,755,000 $371,757 $16,543 6.43%
    Under 20% 189 $2,945,000 $15,582 $307 2.55%