Western Express Lending Mortgage Rates, Fees & Info

LAKE FOREST, CA

LEI: 549300LTT1PNSPD2JT50

Tax ID: 47-5403472

4.5 stars - out of 5 stars, based on 46 reviews

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

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Mortgage Data

  • SimulatedRates™
  • Originations
  • Relative Rates
  • Relative Fees
  • 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

    Western Express Lending is a smaller mortgage company specializing in Refi, Cash Out Refi, and Home Purchase loans. Western Express Lending has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Los Angeles, Riverside, Las Vegas, San Diego, and Seattle among others. We have data for 170 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Western Express Lending 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. Western Express Lending 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.

    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 6.98% 12/4/22
    30 Year Conventional Refi 6.70% 12/4/22
    30 Year Cash-out Refi 6.90% 12/4/22
    30 Year FHA Purchase 7.89% 12/4/22
    30 Year FHA Refi 7.13% 12/4/22
    30 Year VA Purchase 6.70% 12/4/22
    30 Year VA Refi 6.21% 12/4/22
    30 Year USDA Purchase 6.68% 12/4/22
    15 Year Conventional Purchase 5.97% 12/4/22
    15 Year Conventional Refi 5.93% 12/4/22
    15 Year Cash-out Refi 5.93% 12/4/22
    15 Year FHA Refi 5.76% 12/4/22
    15 Year VA Refi 5.76% 12/4/22
    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.


    Originations

    2,135

    Origination Dollar Volume (All Markets)

    $770,505,000
    Show all (10) awards

    Relative Rate

    Western Express Lending's average 30 year fixed mortgage rate was 3.03%.

    The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.

    This yields a difference of -0.12%.

    Relative Fees (Closing Costs)

    Western Express Lending's average total fees/closing costs for a 30 year fixed rate mortgage were $5,635.

    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 $4,750.

    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
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 543 $254,135,000 $468,020 $5,540 2.91%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 370 $133,960,000 $362,054 $5,211 2.91%
    LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 231 $60,355,000 $261,277 $5,772 3.30%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 99 $41,145,000 $415,606 $7,155 3.01%
    Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 64 $23,420,000 $365,938 $5,104 2.87%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 41 $20,655,000 $503,780 $5,464 2.78%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 50 $18,080,000 $361,600 $5,522 2.83%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 40 $10,730,000 $268,250 $5,214 2.87%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 29 $9,145,000 $315,345 $4,301 2.89%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 24 $9,000,000 $375,000 $4,934 3.10%
    BAKERSFIELD, CA (FHA|USDA|VA) 35 $8,555,000 $244,429 $4,891 2.82%
    FRESNO, CA (FHA|USDA|VA) 29 $8,315,000 $286,724 $5,266 2.96%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 17 $7,855,000 $462,059 $9,435 2.94%
    Outside of Metro Areas 32 $7,830,000 $244,688 $4,718 2.83%
    SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 15 $6,715,000 $447,667 $5,210 2.99%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 29 $6,615,000 $228,103 $5,502 2.92%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 14 $5,760,000 $411,429 $3,418 2.92%
    RENO, NV (FHA|USDA|VA) 14 $5,170,000 $369,286 $3,954 3.05%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 18 $5,140,000 $285,556 $6,012 2.93%
    VALLEJO, CA (FHA|USDA|VA) 13 $4,805,000 $369,615 $3,090 2.84%
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 9 $4,455,000 $495,000 $4,819 2.69%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 13 $4,425,000 $340,385 $5,221 2.91%
    PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 14 $4,280,000 $305,714 $5,314 2.78%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 12 $3,880,000 $323,333 $4,667 3.02%
    LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 11 $3,165,000 $287,727 $5,672 3.01%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 14 $3,160,000 $225,714 $4,191 3.09%
    STOCKTON, CA (FHA|USDA|VA) 12 $3,120,000 $260,000 $4,266 2.67%
    VISALIA, CA (FHA|USDA|VA) 15 $3,045,000 $203,000 $4,966 2.82%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 9 $2,975,000 $330,556 $4,773 3.03%
    BOISE CITY, ID (FHA|USDA|VA) 9 $2,575,000 $286,111 $4,476 2.94%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 7 $2,525,000 $360,714 $6,218 3.12%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 6 $2,520,000 $420,000 $3,609 2.96%
    NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 7 $2,435,000 $347,857 $5,494 3.11%
    SALT LAKE CITY, UT (FHA|USDA|VA) 5 $2,045,000 $409,000 $5,113 2.88%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 7 $2,035,000 $290,714 $6,448 2.94%
    SALINAS, CA (FHA|USDA|VA) 5 $2,005,000 $401,000 $2,720 2.67%
    PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 5 $1,975,000 $395,000 $3,162 2.67%
    JACKSONVILLE, FL (FHA|USDA|VA) 6 $1,940,000 $323,333 $6,430 2.79%
    RALEIGH-CARY, NC (FHA|USDA|VA) 5 $1,925,000 $385,000 $3,694 3.32%
    PITTSBURGH, PA (FHA|USDA|VA) 6 $1,850,000 $308,333 $4,100 2.31%
    PROVO-OREM, UT (FHA|USDA|VA) 7 $1,795,000 $256,429 $2,468 2.79%
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 4 $1,760,000 $440,000 $3,492 2.68%
    MODESTO, CA (FHA|USDA|VA) 6 $1,690,000 $281,667 $5,880 2.63%
    CHICO, CA (FHA|USDA|VA) 5 $1,685,000 $337,000 $3,879 3.23%
    SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 4 $1,640,000 $410,000 $3,009 2.58%
    PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 4 $1,500,000 $375,000 $5,015 3.91%
    Outside of Metro Areas 3 $1,465,000 $488,333 $4,257 3.29%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 5 $1,435,000 $287,000 $3,518 2.97%
    SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 4 $1,430,000 $357,500 $2,405 2.62%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 5 $1,415,000 $283,000 $5,547 3.37%
    Truckee-Grass Valley, CA (FHA|USDA|VA) 4 $1,220,000 $305,000 $3,705 2.84%
    SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 3 $1,145,000 $381,667 $8,850 2.75%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 4 $1,110,000 $277,500 $4,381 3.12%
    Pahrump, NV (FHA|USDA|VA) 5 $1,105,000 $221,000 $4,793 3.20%
    Elko, NV (FHA|USDA|VA) 4 $1,040,000 $260,000 $5,182 2.69%
    TUCSON, AZ (FHA|USDA|VA) 2 $1,020,000 $510,000 $5,098 3.44%
    Gardnerville Ranchos, NV (FHA|USDA|VA) 3 $975,000 $325,000 $3,680 3.16%
    REDDING, CA (FHA|USDA|VA) 3 $935,000 $311,667 $4,268 2.50%
    DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 4 $910,000 $227,500 $3,396 2.97%
    OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 3 $905,000 $301,667 $4,991 3.08%
    SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 4 $890,000 $222,500 $4,610 2.75%
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 3 $885,000 $295,000 $3,361 2.66%
    WORCESTER, MA-CT (FHA|USDA|VA) 3 $885,000 $295,000 $3,635 3.42%
    MADERA, CA (FHA|USDA|VA) 3 $885,000 $295,000 $8,886 2.79%
    LANCASTER, PA (FHA|USDA|VA) 4 $880,000 $220,000 $4,006 2.81%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 4 $870,000 $217,500 $4,804 2.97%
    READING, PA (FHA|USDA|VA) 3 $865,000 $288,333 $5,104 3.25%
    BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 3 $845,000 $281,667 $3,178 3.00%
    GAINESVILLE, FL (FHA|USDA|VA) 4 $840,000 $210,000 $4,317 2.84%
    CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 4 $780,000 $195,000 $3,762 2.59%
    MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) 3 $745,000 $248,333 $4,692 2.63%
    NAPA, CA (FHA|USDA|VA) 2 $720,000 $360,000 $3,784 2.75%
    MEDFORD, OR (FHA|USDA|VA) 3 $685,000 $228,333 $5,990 2.83%
    YUBA CITY, CA (FHA|USDA|VA) 2 $640,000 $320,000 $4,207 3.25%
    GRANTS PASS, OR (FHA|USDA|VA) 2 $640,000 $320,000 $4,871 2.93%
    MERCED, CA (FHA|USDA|VA) 2 $630,000 $315,000 $9,587 2.63%
    SALEM, OR (FHA|USDA|VA) 2 $620,000 $310,000 $6,371 3.43%
    GREELEY, CO (FHA|USDA|VA) 2 $580,000 $290,000 $5,086 3.19%
    BELLINGHAM, WA (FHA|USDA|VA) 2 $550,000 $275,000 $6,660 2.99%
    ST. GEORGE, UT (FHA|USDA|VA) 1 $535,000 $535,000 $3,390 2.88%
    Clearlake, CA (FHA|USDA|VA) 2 $510,000 $255,000 $5,551 2.94%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 2 $510,000 $255,000 $3,117 2.99%
    Sebastian-Vero Beach, FL (FHA|USDA|VA) 2 $500,000 $250,000 $4,001 3.19%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 2 $500,000 $250,000 $3,328 2.94%
    BEND, OR (FHA|USDA|VA) 2 $500,000 $250,000 $3,730 3.00%
    CLARKSVILLE, TN-KY (FHA|USDA|VA) 2 $500,000 $250,000 $6,525 3.06%
    BAY CITY, MI (FHA|USDA|VA) 1 $485,000 $485,000 $4,728 2.88%
    KNOXVILLE, TN (FHA|USDA|VA) 3 $475,000 $158,333 $3,511 3.67%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 2 $470,000 $235,000 $5,370 2.49%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 2 $460,000 $230,000 $4,890 3.06%
    MEMPHIS, TN-MS-AR (FHA|USDA|VA) 2 $450,000 $225,000 $4,553 2.56%
    Nacogdoches, TX (FHA|USDA|VA) 2 $450,000 $225,000 $9,363 3.63%
    FORT COLLINS, CO (FHA|USDA|VA) 1 $445,000 $445,000 $11,288 2.38%
    ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 1 $415,000 $415,000 $2,751 2.88%
    PUNTA GORDA, FL (FHA|USDA|VA) 3 $415,000 $138,333 $4,112 3.25%
    KILLEEN-TEMPLE, TX (FHA|USDA|VA) 2 $410,000 $205,000 $6,278 2.81%
    WINSTON-SALEM, NC (FHA|USDA|VA) 1 $395,000 $395,000 $6,395 3.38%
    WACO, TX (FHA|USDA|VA) 2 $390,000 $195,000 $4,701 3.63%
    YAKIMA, WA (FHA|USDA|VA) 2 $390,000 $195,000 $7,576 3.00%
    EL PASO, TX (FHA|USDA|VA) 2 $390,000 $195,000 $3,680 3.69%
    LUBBOCK, TX (FHA|USDA|VA) 2 $390,000 $195,000 $6,212 2.81%
    TRENTON-PRINCETON, NJ (FHA|USDA|VA) 1 $385,000 $385,000 $3,679 3.25%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 2 $380,000 $190,000 $3,099 2.93%
    LOGAN, UT-ID (FHA|USDA|VA) 1 $355,000 $355,000 $3,511 2.99%
    MIDLAND, MI (FHA|USDA|VA) 1 $345,000 $345,000 $4,206 3.13%
    Newport, OR (FHA|USDA|VA) 1 $345,000 $345,000 $3,622 2.38%
    Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 2 $340,000 $170,000 $4,082 3.06%
    FAYETTEVILLE, NC (FHA|USDA|VA) 1 $335,000 $335,000 $10,258 2.75%
    Morehead City, NC (FHA|USDA|VA) 1 $335,000 $335,000 $3,004 2.88%
    ALBANY-LEBANON, OR (FHA|USDA|VA) 1 $335,000 $335,000 $5,078 3.38%
    BLOOMINGTON, IN (FHA|USDA|VA) 2 $330,000 $165,000 $3,200 3.06%
    BILLINGS, MT (FHA|USDA|VA) 1 $325,000 $325,000 $6,571 2.88%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 1 $325,000 $325,000 $3,580 2.38%
    Cedar City, UT (FHA|USDA|VA) 1 $315,000 $315,000 $5,872 2.75%
    EL CENTRO, CA (FHA|USDA|VA) 1 $305,000 $305,000 $3,940 3.25%
    EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 1 $305,000 $305,000 $5,166 2.99%
    JOHNSON CITY, TN (FHA|USDA|VA) 1 $305,000 $305,000 $2,759 2.75%
    SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 1 $305,000 $305,000 $3,428 2.99%
    Granbury, TX (FHA|USDA|VA) 1 $295,000 $295,000 $4,883 3.25%
    Aberdeen, WA (FHA|USDA|VA) 1 $295,000 $295,000 $1,062 3.00%
    OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 1 $295,000 $295,000 $5,188 2.38%
    Centralia, WA (FHA|USDA|VA) 1 $285,000 $285,000 $8,132 2.75%
    TYLER, TX (FHA|USDA|VA) 1 $285,000 $285,000 $9,943 2.75%
    The Dalles, OR (FHA|USDA|VA) 1 $265,000 $265,000 $4,554 3.25%
    COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 1 $265,000 $265,000 $4,255 3.25%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $265,000 $265,000 $4,472 2.99%
    Thomasville, GA (FHA|USDA|VA) 1 $255,000 $255,000 $1,780 3.13%
    Crescent City, CA (FHA|USDA|VA) 1 $255,000 $255,000 $3,315 2.99%
    CARSON CITY, NV (FHA|USDA|VA) 1 $255,000 $255,000 $7,623 2.50%
    Brookings, OR (FHA|USDA|VA) 1 $255,000 $255,000 $3,595 2.63%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 1 $255,000 $255,000 $4,165 2.87%
    HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 1 $255,000 $255,000 $5,120 2.75%
    TALLAHASSEE, FL (FHA|USDA|VA) 1 $255,000 $255,000 $4,804 2.88%
    FLAGSTAFF, AZ (FHA|USDA|VA) 1 $245,000 $245,000 $3,013 3.00%
    PANAMA CITY, FL (FHA|USDA|VA) 1 $245,000 $245,000 $5,128 2.99%
    BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 1 $235,000 $235,000 $4,905 3.38%
    Eureka-Arcata, CA (FHA|USDA|VA) 1 $225,000 $225,000 $5,051 2.50%
    ODESSA, TX (FHA|USDA|VA) 1 $225,000 $225,000 $5,523 2.99%
    CORPUS CHRISTI, TX (FHA|USDA|VA) 2 $220,000 $110,000 $6,771 3.63%
    ASHEVILLE, NC (FHA|USDA|VA) 1 $215,000 $215,000 $4,128 3.38%
    Fernley, NV (FHA|USDA|VA) 1 $215,000 $215,000 $4,580 2.88%
    Show Low, AZ (FHA|USDA|VA) 1 $205,000 $205,000 $8,880 2.75%
    LONGVIEW, TX (FHA|USDA|VA) 1 $205,000 $205,000 $4,297 2.88%
    Price, UT (FHA|USDA|VA) 1 $205,000 $205,000 $2,229 2.75%
    Elk City, OK (FHA|USDA|VA) 1 $195,000 $195,000 $7,814 2.88%
    MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 1 $195,000 $195,000 $4,494 2.88%
    SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 1 $195,000 $195,000 $3,084 3.75%
    OCEAN CITY, NJ (FHA|USDA|VA) 1 $195,000 $195,000 $3,113 3.38%
    Prineville, OR (FHA|USDA|VA) 1 $195,000 $195,000 $3,858 2.99%
    EVANSVILLE, IN-KY (FHA|USDA|VA) 1 $185,000 $185,000 $3,474 3.63%
    BOULDER, CO (FHA|USDA|VA) 1 $185,000 $185,000 $3,740 3.38%
    THE VILLAGES, FL (FHA|USDA|VA) 1 $185,000 $185,000 $2,588 2.88%
    GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 1 $175,000 $175,000 $5,166 4.13%
    Oak Harbor, WA (FHA|USDA|VA) 1 $175,000 $175,000 $2,285 2.25%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 1 $175,000 $175,000 $6,609 2.99%
    ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 1 $175,000 $175,000 $2,490 2.75%
    SAVANNAH, GA (FHA|USDA|VA) 1 $165,000 $165,000 $3,597 3.12%
    Winnemucca, NV (FHA|USDA|VA) 1 $155,000 $155,000 $6,062 3.25%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $145,000 $145,000 $4,178 3.75%
    WICHITA FALLS, TX (FHA|USDA|VA) 1 $145,000 $145,000 $4,492 2.63%
    JACKSONVILLE, NC (FHA|USDA|VA) 1 $135,000 $135,000 $1,842 2.75%
    SEBRING-AVON PARK, FL (FHA|USDA|VA) 1 $135,000 $135,000 $2,381 2.38%
    KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 1 $135,000 $135,000 $8,599 3.00%
    TULSA, OK (FHA|USDA|VA) 1 $125,000 $125,000 $4,017 3.13%
    HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 1 $125,000 $125,000 $5,257 2.99%
    GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 1 $115,000 $115,000 $2,046 2.25%
    HANFORD-CORCORAN, CA (FHA|USDA|VA) 1 $115,000 $115,000 $2,860 2.88%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $105,000 $105,000 $4,708 2.99%
    ALBANY, GA (FHA|USDA|VA) 1 $105,000 $105,000 $2,593 2.75%
    Moses Lake, WA (FHA|USDA|VA) 1 $105,000 $105,000 $4,568 2.75%
    Western Express Lending's top markets include Los Angeles, Riverside, Las Vegas, San Diego, and Seattle among others.

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

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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,765 $640,035,000 $362,626 $4,520 3.00%
    FHA 288 $98,390,000 $341,632 $10,154 2.79%
    VA 75 $30,455,000 $406,067 $5,897 2.63%
    USDA 7 $1,625,000 $232,143 $4,816 2.68%

    For 2021, Western Express Lending's most frequently originated type of loan was Conventional, with 1,765 originations. Their 2nd most popular type was FHA, with 288 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 1,049 $369,955,000 $352,674 $4,614 2.78%
    Cash Out Refi 638 $228,600,000 $358,307 $4,934 3.11%
    Home Purchase 448 $171,950,000 $383,817 $7,572 3.17%

    For 2021, Western Express Lending's most frequently cited loan purpose was Refi, with 1,049 originations. The 2nd most popular reason was Cash Out Refi, with 638 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,798 $671,250,000 $373,331 $5,635 3.03%
    15 Year 179 $51,635,000 $288,464 $3,528 2.43%
    20 Year 87 $25,625,000 $294,540 $3,797 2.80%
    Other 53 $17,695,000 $333,868 $4,333 2.89%
    10 Year 18 $4,300,000 $238,889 $3,722 2.39%

    For 2021, Western Express Lending's most frequently cited loan duration was 30 Year, with 1,798 originations. The 2nd most popular length was 15 Year, with 179 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 1,319 $479,775,000 $363,741
    $<1k 248 $83,300,000 $335,887
    $2k-3k 203 $60,805,000 $299,532
    $5k+ 159 $76,565,000 $481,541
    $3k-4k 128 $43,260,000 $337,969
    $4k-5k 72 $24,950,000 $346,528

    Western Express Lending's average total fees were $5,635, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 1,319 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 987 $363,285,000 $368,070
    3-4% 669 $246,315,000 $368,184
    <2.5% 432 $145,740,000 $337,361
    4-5% 38 $12,230,000 $321,842
    6-7% 4 $1,190,000 $297,500
    7-8% 4 $1,520,000 $380,000
    Over 8% 1 $225,000 $225,000

    During 2021, Western Express Lending's average interest rate for loans was 3.03%, while their most frequently originated rate bucket for loans was 2.5-3%, with 987 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 1,059 $314,945,000 $297,398 $5,061 2.94%
    $400k-600k 621 $299,585,000 $482,424 $5,685 2.93%
    $100k-200k 288 $45,570,000 $158,229 $3,912 3.00%
    $600k-1MM 138 $98,990,000 $717,319 $8,119 3.13%
    $100,000 or less 22 $1,770,000 $80,455 $3,447 3.08%
    $1MM+ 7 $9,645,000 $1,377,857 $25,395 2.86%

    2021 saw Western Express Lending place emphasis on $200k-400k loans with 1,059 originations, totaling $314,945,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 552 $215,910,000 $391,141 $5,121 3.00%
    $150k-250k 379 $181,045,000 $477,691 $5,498 2.98%
    $50k-75k 370 $101,680,000 $274,811 $5,101 3.05%
    $75k-100k 360 $119,090,000 $330,806 $5,222 2.98%
    $50k or less 177 $33,825,000 $191,102 $4,721 3.06%
    $250k+ 134 $62,920,000 $469,552 $4,886 2.95%

    Western Express Lending lent most frequently to those with incomes in the $100k-150k range, with 552 originations. The second most popular income band? $150k-250k, with 379 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 344 $124,940,000 $363,198 $4,588 2.98%
    20-30% 308 $109,190,000 $354,513 $4,373 2.87%
    44% 117 $41,185,000 $352,009 $5,092 3.26%
    43% 101 $36,285,000 $359,257 $5,611 3.06%
    49% 99 $38,575,000 $389,646 $5,815 3.01%
    <20% 95 $30,225,000 $318,158 $3,504 2.73%
    48% 91 $31,175,000 $342,582 $5,080 2.99%
    42% 89 $33,145,000 $372,416 $5,107 2.99%
    41% 86 $34,040,000 $395,814 $5,733 3.06%
    47% 84 $29,370,000 $349,643 $5,676 3.07%
    40% 82 $30,630,000 $373,537 $5,230 3.05%
    38% 76 $28,270,000 $371,974 $5,143 3.07%
    50-60% 75 $29,985,000 $399,800 $11,177 3.08%
    36% 68 $24,860,000 $365,588 $4,867 3.03%
    45% 68 $23,920,000 $351,765 $4,856 3.08%
    37% 62 $22,720,000 $366,452 $5,042 2.98%
    39% 61 $23,495,000 $385,164 $5,028 3.07%
    46% 60 $20,150,000 $335,833 $4,844 3.19%
    >60% 5 $1,625,000 $325,000 $6,830 2.87%

    Western Express Lending lent most frequently to those with DTI ratios of 30-36%, with 344 originations. The next most common DTI ratio? 20-30%, with 308 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,414 $502,400,000 $355,304 $5,373 2.98%
    Not provided 455 $169,125,000 $371,703 $5,098 2.89%
    Asian 150 $57,750,000 $385,000 $5,078 2.87%
    Black 98 $34,370,000 $350,714 $5,970 3.03%
    American Indian 10 $3,690,000 $369,000 $5,409 3.43%
    Native Hawaiian or Islander 8 $3,170,000 $396,250 $9,428 2.81%

    Approval Rates

    Total approvals of all applications
    92.49%

    Western Express Lending has an average approval rate.

    Pick Rate

    Approvals leading to origination
    55.18%

    Western Express Lending has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 2,135 $770,505,000 $360,892

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    2,135 $770,505,000 $360,892

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 140 $36,590,000 $261,357 $3,725 2.79%
    40-60% 516 $172,000,000 $333,333 $3,968 2.83%
    60-80% 890 $346,850,000 $389,719 $4,902 3.06%
    80-100% 571 $210,765,000 $369,116 $7,590 2.96%
    Over 100% 5 $2,225,000 $445,000 $14,925 2.80%
    Under 20% 13 $2,075,000 $159,615 $3,008 2.50%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    WESTERN EXPRESS LENDING Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 50.0%
    WESTERN EXPRESS LENDING Conventional home mortgage Closing on a mortgage 1 50.0%