Wall Financial Mortgage Rates, Fees & Info
LOS ANGELES, CALEI: 549300LU20D3H1812W20
Tax ID: 27-0429529
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Mortgage Data
Review & Overview
Wall Financial is a smaller mortgage company specializing in Home Purchase loans. Wall Financial has a high proportion of conventional loans. They have a a high proportion of FHA loans. Their top markets by origination volume include: Los Angeles, Riverside, Oxnard, San Francisco, and San Jose among others. We have data for 10 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. They have a below average pick rate when compared to similar 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 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 | 6.65% | 11/17/24 |
| 30 Year Conventional Refi | 6.19% | 11/17/24 |
| 30 Year Cash-out Refi | 6.52% | 11/17/24 |
| 30 Year FHA Purchase | 6.89% | 11/17/24 |
| 15 Year Conventional Purchase | 6.32% | 11/17/24 |
| 15 Year Conventional Refi | 6.19% | 11/17/24 |
| 15 Year Cash-out Refi | 6.19% | 11/17/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
82Origination Dollar Volume (All Markets)
$39,330,000Relative Rate
Wall Financial's average 30 year fixed mortgage rate was
6.54%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 0.06%.
Relative Fees (Closing Costs)
Wall Financial's average total fees/closing costs for a 30 year fixed rate
mortgage were $15,861.
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 |
|---|---|---|---|---|---|
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 48 | $25,250,000 | $526,042 | $15,764 | 6.46% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 20 | $7,760,000 | $388,000 | $16,229 | 6.61% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 3 | $1,965,000 | $655,000 | $15,809 | 6.50% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 2 | $1,070,000 | $535,000 | $21,398 | 6.94% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 1 | $845,000 | $845,000 | $18,252 | 7.50% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 2 | $680,000 | $340,000 | $17,606 | 6.81% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 2 | $650,000 | $325,000 | $9,056 | 6.81% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $12,258 | 7.06% |
| GRAND JUNCTION, CO (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $10,966 | 6.63% |
| VISALIA, CA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $13,288 | 5.63% |
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.
Similarity Rank: 24
Similarity Rank: 55
Similarity Rank: 72
Similarity Rank: 93
Similarity Rank: 96
Similarity Rank: 126
Similarity Rank: 136
Similarity Rank: 258
Similarity Rank: 261
Similarity Rank: 312
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 57 | $26,675,000 | $467,982 | $12,648 | 6.62% |
| FHA | 25 | $12,655,000 | $506,200 | $23,130 | 6.38% |
For 2023, Wall Financial's most frequently originated type of loan was Conventional, with 57 originations. Their 2nd most popular type was FHA, with 25 originations.
Loan Reason
For 2023, Wall Financial's most frequently cited loan purpose was Home Purchase, with 66 originations. The 2nd most popular reason was Cash Out Refi, with 11 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 81 | $39,235,000 | $484,383 | $15,861 | 6.54% |
| 10 Year | 1 | $95,000 | $95,000 | $7,209 | 6.88% |
For 2023, Wall Financial's most frequently cited loan duration was 30 Year, with 81 originations. The 2nd most popular length was 10 Year, with 1 originations.
Origination Fees/Closing Costs
Wall Financial's average total fees were $15,861, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 58 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 47 | $21,535,000 | $458,191 |
| 5-6% | 18 | $9,020,000 | $501,111 |
| 7-8% | 17 | $8,775,000 | $516,176 |
During 2023, Wall Financial's average interest rate for loans was 6.54%, while their most frequently originated rate bucket for loans was 6-7%, with 47 originations.
Loan Sizing
2023 saw Wall Financial place emphasis on $400k-600k loans with 31 originations, totaling $15,865,000 in origination value.
Applicant Income
Wall Financial lent most frequently to those with incomes in the $100k-150k range, with 33 originations. The second most popular income band? $150k-250k, with 26 originations.
Applicant Debt to Income Ratio
Wall Financial lent most frequently to those with DTI ratios of 50-60%, with 15 originations. The next most common DTI ratio? 49%, with 9 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications100.00%
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 origination30.49%
Wall Financial 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 | 82 | $39,330,000 | $479,634 |