Wallick & Volk Mortgage Rates, Fees & Info
Cheyenne, WYLEI: 549300FWQNRPTKXB8G79
Tax ID: 83-0171636
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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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.39% | 10/29/24 |
| 30 Year Conventional Refi | 6.76% | 10/29/24 |
| 30 Year Cash-out Refi | 7.00% | 10/29/24 |
| 30 Year FHA Purchase | 7.44% | 10/29/24 |
| 30 Year FHA Refi | 7.42% | 10/29/24 |
| 30 Year VA Purchase | 6.25% | 10/29/24 |
| 30 Year VA Refi | 6.25% | 10/29/24 |
| 30 Year USDA Purchase | 6.57% | 10/29/24 |
| 15 Year Conventional Purchase | 6.50% | 10/29/24 |
| 15 Year Conventional Refi | 6.44% | 10/29/24 |
| 15 Year Cash-out Refi | 6.44% | 10/29/24 |
| 15 Year VA Refi | 5.68% | 10/29/24 |
| 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
1,486Origination Dollar Volume (All Markets)
$389,810,000Awards
Wallick & Volk - 2023
Wallick & Volk is a 2023 , due to their low .
For 2023, less than of lenders were eligible for this award.
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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% |
| Española, 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% |
Similar Lenders
We use machine learning to identify the top lenders compared against Wallick & Volk based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
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
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
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
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
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
2023 saw Wallick & Volk place emphasis on $200k-400k loans with 777 originations, totaling $224,295,000 in origination value.
Applicant Income
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
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
Approval Rates
Total approvals of all applications94.81%
Wallick & Volk has an average approval rate.
Pick Rate
Approvals leading to origination74.29%
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 |