Wall Financial Mortgage Rates, Fees & Info

LOS ANGELES, CA

LEI: 549300LU20D3H1812W20

Tax ID: 27-0429529

1 stars - Updated: 3/3/24 - out of 5 stars, based on 16 reviews

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

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Mortgage Data

Review & Overview

Wall Financial is a smaller mortgage company specializing in Home Purchase and Cash Out Refi loans. Wall Financial has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Los Angeles, Riverside, Las Vegas, Oxnard, and San Francisco among others. We have data for 12 markets. (Some data included below & more in-depth data is available with an active subscription.)

Wall Financial has an above average approval rate when compared to the average across all lenders. Wall Financial is typically a high 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 6.65% 3/3/24
30 Year Conventional Refi 6.19% 3/3/24
30 Year Cash-out Refi 6.52% 3/3/24
30 Year FHA Purchase 6.89% 3/3/24
15 Year Conventional Purchase 6.32% 3/3/24
15 Year Conventional Refi 6.19% 3/3/24
15 Year Cash-out Refi 6.19% 3/3/24
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.

Wall Financial Mortgage Calculator






Your Estimates

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

This is not an official calculator from Wall Financial. 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

265

Origination Dollar Volume (All Markets)

$121,385,000

Awards

WALL FINANCIAL 30 Year Conventional Loans bronze
Show all (1) awards

Relative Rate

Wall Financial's average 30 year fixed mortgage rate was 4.74%.

The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

This yields a difference of -0.02%.

Relative Fees (Closing Costs)

Wall Financial's average total fees/closing costs for a 30 year fixed rate mortgage were $12,900.

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) 178 $83,720,000 $470,337 $12,811 4.57%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 45 $19,445,000 $432,111 $13,502 4.77%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 15 $5,845,000 $389,667 $11,583 5.69%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 6 $3,960,000 $660,000 $15,288 4.54%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 5 $2,465,000 $493,000 $16,692 4.90%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 3 $1,705,000 $568,333 $14,533 5.25%
BAKERSFIELD, CA (FHA|USDA|VA) 6 $1,600,000 $266,667 $10,979 4.81%
MERCED, CA (FHA|USDA|VA) 2 $780,000 $390,000 $10,808 3.88%
STOCKTON, CA (FHA|USDA|VA) 1 $645,000 $645,000 $18,515 3.88%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 2 $570,000 $285,000 $7,331 4.44%
FRESNO, CA (FHA|USDA|VA) 1 $375,000 $375,000 $7,833 3.88%
VALLEJO, CA (FHA|USDA|VA) 1 $275,000 $275,000 $6,904 4.00%
Wall Financial's top markets include Los Angeles, Riverside, Las Vegas, Oxnard, and San Francisco among others.

Their top states include:
  • California (FHA|USDA|VA)
  • Nevada (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against WALL FINANCIAL 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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 230 $104,130,000 $452,739 $11,531 4.68%
    FHA 35 $17,255,000 $493,000 $21,819 4.57%

    For 2022, Wall Financial's most frequently originated type of loan was Conventional, with 230 originations. Their 2nd most popular type was FHA, with 35 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 155 $78,795,000 $508,355 $14,500 4.87%
    Cash Out Refi 81 $32,475,000 $400,926 $10,337 4.55%
    Refi 29 $10,115,000 $348,793 $11,417 3.96%

    For 2022, Wall Financial's most frequently cited loan purpose was Home Purchase, with 155 originations. The 2nd most popular reason was Cash Out Refi, with 81 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 250 $117,750,000 $471,000 $12,900 4.74%
    15 Year 9 $2,325,000 $258,333 $6,932 3.74%
    20 Year 6 $1,310,000 $218,333 $21,422 3.19%

    For 2022, Wall Financial's most frequently cited loan duration was 30 Year, with 250 originations. The 2nd most popular length was 15 Year, with 9 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 180 $86,460,000 $480,333
    $4k-5k 28 $11,150,000 $398,214
    $2k-3k 20 $8,960,000 $448,000
    $3k-4k 19 $6,625,000 $348,684
    $1k-2k 17 $8,055,000 $473,824

    Wall Financial's average total fees were $12,900, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 180 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 81 $38,585,000 $476,358
    5-6% 73 $34,625,000 $474,315
    3-4% 69 $30,715,000 $445,145
    6-7% 21 $9,045,000 $430,714
    2.5-3% 17 $6,775,000 $398,529
    7-8% 3 $1,475,000 $491,667
    <2.5% 1 $165,000 $165,000

    During 2022, Wall Financial's average interest rate for loans was 4.74%, while their most frequently originated rate bucket for loans was 4-5%, with 81 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $400k-600k 105 $51,835,000 $493,667 $13,659 4.84%
    $200k-400k 86 $26,830,000 $311,977 $10,819 4.44%
    $600k-1MM 52 $37,050,000 $712,500 $16,991 4.68%
    $100k-200k 19 $3,055,000 $160,789 $6,665 4.74%
    $1MM+ 2 $2,540,000 $1,270,000 $16,456 4.25%
    $100,000 or less 1 $75,000 $75,000 $8,164 5.13%

    2022 saw Wall Financial place emphasis on $400k-600k loans with 105 originations, totaling $51,835,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 85 $42,175,000 $496,176 $11,908 4.71%
    $150k-250k 54 $29,910,000 $553,889 $16,064 4.91%
    $75k-100k 46 $18,410,000 $400,217 $11,654 4.44%
    $50k-75k 45 $13,045,000 $289,889 $11,896 4.46%
    $250k+ 19 $13,875,000 $730,263 $16,142 4.75%
    $50k or less 14 $3,010,000 $215,000 $8,529 4.52%

    Wall Financial lent most frequently to those with incomes in the $100k-150k range, with 85 originations. The second most popular income band? $150k-250k, with 54 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 40 $17,840,000 $446,000 $11,849 4.65%
    49% 25 $11,205,000 $448,200 $11,738 5.08%
    48% 23 $9,535,000 $414,565 $12,034 4.75%
    20-30% 22 $10,440,000 $474,545 $12,949 4.22%
    50-60% 20 $8,840,000 $442,000 $19,057 4.58%
    46% 18 $9,210,000 $511,667 $12,282 4.84%
    44% 16 $7,140,000 $446,250 $11,207 4.83%
    43% 13 $6,155,000 $473,462 $12,906 4.88%
    42% 12 $6,220,000 $518,333 $11,048 5.09%
    38% 12 $4,900,000 $408,333 $10,077 4.31%
    39% 10 $4,410,000 $441,000 $12,450 4.86%
    47% 10 $3,740,000 $374,000 $10,139 4.40%
    36% 9 $3,825,000 $425,000 $21,711 4.44%
    41% 9 $3,575,000 $397,222 $10,149 4.60%
    37% 9 $4,155,000 $461,667 $10,410 4.39%
    45% 7 $3,125,000 $446,429 $20,315 4.04%
    <20% 7 $5,265,000 $752,143 $12,094 4.29%
    40% 1 $845,000 $845,000 $12,134 4.75%

    Wall Financial lent most frequently to those with DTI ratios of 30-36%, with 40 originations. The next most common DTI ratio? 49%, with 25 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Asian 108 $53,120,000 $491,852 $12,428 4.70%
    Not provided 108 $47,620,000 $440,926 $13,215 4.66%
    White 43 $17,635,000 $410,116 $12,822 4.56%
    Black 4 $2,130,000 $532,500 $13,800 5.16%
    Other Pacific Islander 1 $575,000 $575,000 $28,740 5.38%
    Filipino 1 $305,000 $305,000 $11,180 4.88%

    Approval Rates

    Total approvals of all applications
    100.00%

    Wall Financial has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination

    Points and Fees

    Points Originations Total Value Average Loan
    NA 265 $121,385,000 $458,057

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    265 $121,385,000 $458,057

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 31 $9,055,000 $292,097 $11,089 4.65%
    40-60% 54 $22,040,000 $408,148 $10,656 4.43%
    60-80% 104 $52,370,000 $503,558 $12,309 4.80%
    80-100% 72 $37,390,000 $519,306 $16,625 4.71%
    Under 20% 4 $530,000 $132,500 $4,901 3.94%