West View Savings Bank Mortgage Rates, Fees & Info

Wexford, PA

LEI: 549300H0KQCD2P5IR560

Tax ID: 25-0875950

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

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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 View Savings Bank is a smaller bank specializing in Home Purchase loans. West View Savings Bank has a high proportion of conventional loans. Their top (well, only) market is Pittsburgh.

    West View Savings Bank 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 View Savings Bank 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 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.

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    Originations

    59

    Origination Dollar Volume (All Markets)

    $14,125,000

    Awards

    West View Savings Bank 30 Year Conventional Loans silver West View Savings Bank 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
    PITTSBURGH, PA (FHA|USDA|VA) 59 $14,125,000 $239,407 $4,328 4.22%
    West View Savings Bank's top markets include and Pittsburgh among others.

    Their top states include:
  • Pennsylvania (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against West View Savings Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Westmoreland Federal Savings
    Similarity Rank: 12
    TRI BORO
    Similarity Rank: 25
    Commercial Bank and Trust of PA
    Similarity Rank: 57
    HANCOCK COUNTY SAVINGS BANK, FSB, INC.
    Similarity Rank: 88
    West View Savings Bank
    Similarity Rank: 102
    First Federal Savings and Loan Association of Greene Co
    Similarity Rank: 152
    M. S. Flynn, Inc.
    Similarity Rank: 204
    WELCOME HOME FINANCE, L.P.
    Similarity Rank: 348
    PENNSYLVANIA STATE EMPLOYEES Credit Union
    Similarity Rank: 570
    The Farmers National Bank of Emlenton
    Similarity Rank: 700

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 56 $14,020,000 $250,357 $4,328 4.26%
    HELOC 3 $105,000 $35,000 n/a 3.50%

    For 2018, West View Savings Bank's most frequently originated type of loan was Conventional, with 56 originations. Their 2nd most popular type was HELOC, with 3 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 44 $12,930,000 $293,864 $5,286 4.23%
    Refi 6 $890,000 $148,333 $1,773 4.13%
    Home Improvement 5 $125,000 $25,000 $157 4.25%
    Other 4 $180,000 $45,000 $198 4.19%

    For 2018, West View Savings Bank's most frequently cited loan purpose was Home Purchase, with 44 originations. The 2nd most popular reason was Refi, with 6 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 30 $8,870,000 $295,667 $5,175 4.41%
    20 Year 14 $2,490,000 $177,857 $4,004 3.97%
    15 Year 9 $2,625,000 $291,667 $4,603 3.86%
    10 Year 2 $50,000 $25,000 $183 5.00%
    5 Year 2 $40,000 $20,000 $166 4.06%
    3 Year 1 $35,000 $35,000 $150 3.85%
    Other 1 $15,000 $15,000 $150 4.38%

    For 2018, West View Savings Bank's most frequently cited loan duration was 30 Year, with 30 originations. The 2nd most popular length was 20 Year, with 14 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 23 $4,095,000 $178,043
    $1k-2k 17 $6,965,000 $409,706
    $2k-3k 12 $2,150,000 $179,167
    $4k-5k 2 $570,000 $285,000

    West View Savings Bank's average total fees were $5,175, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 23 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 34 $8,450,000 $248,529
    3-4% 22 $5,200,000 $236,364
    5-6% 2 $110,000 $55,000
    2.5-3% 1 $365,000 $365,000

    During 2018, West View Savings Bank's average interest rate for loans was 4.41%, while their most frequently originated rate bucket for loans was 4-5%, with 34 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 22 $6,250,000 $284,091 $5,180 4.22%
    $100k-200k 15 $2,125,000 $141,667 $4,013 4.21%
    $100,000 or less 12 $490,000 $40,833 $226 4.20%
    $400k-600k 7 $3,335,000 $476,429 $6,388 4.32%
    $600k-1MM 3 $1,925,000 $641,667 $6,948 4.08%

    2018 saw West View Savings Bank place emphasis on $200k-400k loans with 22 originations, totaling $6,250,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 17 $3,315,000 $195,000 $4,312 4.28%
    $50k-75k 11 $935,000 $85,000 $1,700 4.09%
    $150k-250k 10 $3,330,000 $333,000 $5,007 4.37%
    $75k-100k 10 $1,940,000 $194,000 $4,320 4.27%
    $250k+ 9 $4,465,000 $496,111 $5,797 4.04%
    $50k or less 2 $140,000 $70,000 $5,681 4.13%

    West View Savings Bank lent most frequently to those with incomes in the $100k-150k range, with 17 originations. The second most popular income band? $50k-75k, with 11 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 20 $4,450,000 $222,500 $4,293 4.18%
    <20% 18 $4,640,000 $257,778 $3,561 4.24%
    30-36% 13 $3,115,000 $239,615 $4,656 4.19%
    42% 3 $385,000 $128,333 $6,340 4.21%
    37% 2 $360,000 $180,000 $5,284 4.50%
    39% 1 $355,000 $355,000 $5,238 4.13%
    36% 1 $515,000 $515,000 $7,240 4.58%
    43% 1 $305,000 $305,000 $3,587 4.00%

    West View Savings Bank lent most frequently to those with DTI ratios of 20-30%, with 20 originations. The next most common DTI ratio? <20%, with 18 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 44 $9,990,000 $227,045 $4,112 4.30%
    Asian 7 $1,985,000 $283,571 $4,950 3.95%
    Chinese 3 $1,005,000 $335,000 $4,979 4.07%
    Asian Indian 1 $535,000 $535,000 $10,846 4.57%
    Other Asian 1 $365,000 $365,000 $5,702 3.00%
    Not provided 1 $165,000 $165,000 $2,974 4.75%
    Black 2 $80,000 $40,000 $150 3.68%

    Approval Rates

    Total approvals of all applications
    92.00%

    West View Savings Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    86.44%

    West View Savings Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 59 $14,125,000 $239,407

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 59 $14,125,000 $239,407

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 1 $35,000 $35,000 $150 3.85%
    40-60% 6 $810,000 $135,000 $4,093 4.04%
    60-80% 31 $9,425,000 $304,032 $4,737 4.14%
    80-100% 13 $3,595,000 $276,538 $5,740 4.44%
    Under 20% 8 $260,000 $32,500 $185 4.33%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    Westpark Equity Group, Inc. Other type of mortgage Closing on a mortgage 1 100.0%