Wall Financial Mortgage Rates, Fees & Info

LOS ANGELES, CA

LEI: 549300LU20D3H1812W20

Tax ID: 27-0429529

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

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • 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

    Wall Financial is a smaller mortgage company specializing in Refi, Cash Out Refi, and Home Purchase 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, San Diego, San Francisco, and Oxnard among others. We have data for 20 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 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 6.65% 11/21/24
    30 Year Conventional Refi 6.19% 11/21/24
    30 Year Cash-out Refi 6.52% 11/21/24
    30 Year FHA Purchase 6.89% 11/21/24
    15 Year Conventional Purchase 6.32% 11/21/24
    15 Year Conventional Refi 6.19% 11/21/24
    15 Year Cash-out Refi 6.19% 11/21/24
    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

    1,666

    Origination Dollar Volume (All Markets)

    $656,220,000
    Show all (5) 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
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 1,217 $500,865,000 $411,557 $7,037 3.03%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 253 $78,875,000 $311,759 $7,328 3.08%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 37 $17,145,000 $463,378 $5,167 2.86%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 33 $16,695,000 $505,909 $6,018 3.09%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 31 $13,325,000 $429,839 $7,256 3.00%
    LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 24 $5,330,000 $222,083 $5,770 2.81%
    BAKERSFIELD, CA (FHA|USDA|VA) 24 $4,930,000 $205,417 $8,103 3.30%
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 7 $3,505,000 $500,714 $6,949 2.89%
    Outside of Metro Areas 6 $2,930,000 $488,333 $10,492 3.25%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 8 $2,710,000 $338,750 $5,529 3.13%
    VALLEJO, CA (FHA|USDA|VA) 6 $2,280,000 $380,000 $8,215 2.85%
    STOCKTON, CA (FHA|USDA|VA) 5 $2,005,000 $401,000 $3,893 3.15%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 4 $1,320,000 $330,000 $4,191 2.91%
    SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 2 $1,240,000 $620,000 $3,555 2.94%
    SALINAS, CA (FHA|USDA|VA) 2 $700,000 $350,000 $4,055 3.18%
    FRESNO, CA (FHA|USDA|VA) 2 $640,000 $320,000 $4,907 3.00%
    NAPA, CA (FHA|USDA|VA) 1 $555,000 $555,000 $8,575 3.50%
    RENO, NV (FHA|USDA|VA) 1 $425,000 $425,000 $4,140 2.38%
    HANFORD-CORCORAN, CA (FHA|USDA|VA) 2 $400,000 $200,000 $6,731 3.19%
    VISALIA, CA (FHA|USDA|VA) 1 $345,000 $345,000 $6,115 2.50%
    Wall Financial's top markets include Los Angeles, Riverside, San Diego, San Francisco, and Oxnard among others.

    Their top states include:
  • California (FHA|USDA|VA)
  • Nevada (FHA|USDA|VA)
  • Colorado (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.

    HERITAGE COMMUNITY CREDIT UNION
    Similarity Rank: 330
    Chaffey Federal Credit Union
    Similarity Rank: 345
    SAFE 1 CREDIT UNION
    Similarity Rank: 369
    MANHATTAN FINANCIAL GROUP, INC.
    Similarity Rank: 384
    MYPOINT Credit Union
    Similarity Rank: 560
    ALTURA
    Similarity Rank: 628
    AltaOne Federal Credit Union
    Similarity Rank: 666
    Christian Community Credit Union
    Similarity Rank: 716
    VALLEY STRONG CREDIT UNION
    Similarity Rank: 854
    LONG BEACH CITY EMPLOYEES Federal Credit Union
    Similarity Rank: 1053

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,511 $589,975,000 $390,453 $6,180 3.04%
    FHA 155 $66,245,000 $427,387 $15,014 3.05%

    For 2020, Wall Financial's most frequently originated type of loan was Conventional, with 1,511 originations. Their 2nd most popular type was FHA, with 155 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 980 $375,750,000 $383,418 $5,715 2.92%
    Cash Out Refi 394 $149,040,000 $378,274 $7,346 3.24%
    Home Purchase 292 $131,430,000 $450,103 $10,855 3.15%

    For 2020, Wall Financial's most frequently cited loan purpose was Refi, with 980 originations. The 2nd most popular reason was Cash Out Refi, with 394 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,396 $575,440,000 $412,206 $7,378 3.10%
    15 Year 158 $47,040,000 $297,722 $5,007 2.56%
    20 Year 78 $24,320,000 $311,795 $5,079 2.90%
    Other 19 $6,215,000 $327,105 $5,835 3.01%
    10 Year 15 $3,205,000 $213,667 $4,451 2.60%

    For 2020, Wall Financial's most frequently cited loan duration was 30 Year, with 1,396 originations. The 2nd most popular length was 15 Year, with 158 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 675 $275,665,000 $408,393
    $5k+ 453 $195,405,000 $431,358
    $4k-5k 191 $61,695,000 $323,010
    $3k-4k 166 $55,320,000 $333,253
    $2k-3k 163 $60,455,000 $370,890
    $<1k 15 $6,185,000 $412,333

    Wall Financial's average total fees were $7,378, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 675 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 825 $325,195,000 $394,176
    3-4% 577 $234,425,000 $406,282
    <2.5% 212 $73,890,000 $348,538
    4-5% 45 $19,665,000 $437,000
    5-6% 6 $2,510,000 $418,333
    7-8% 1 $535,000 $535,000

    During 2020, Wall Financial's average interest rate for loans was 3.10%, while their most frequently originated rate bucket for loans was 2.5-3%, with 825 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 784 $241,550,000 $308,099 $6,408 3.01%
    $400k-600k 593 $285,875,000 $482,083 $7,411 3.05%
    $600k-1MM 146 $99,670,000 $682,671 $9,421 3.16%
    $100k-200k 136 $22,410,000 $164,779 $5,423 2.97%
    $1MM+ 5 $6,535,000 $1,307,000 $24,722 3.65%
    $100,000 or less 2 $180,000 $90,000 $4,802 3.43%

    2020 saw Wall Financial place emphasis on $200k-400k loans with 784 originations, totaling $241,550,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 530 $226,050,000 $426,509 $6,837 3.02%
    $150k-250k 314 $150,810,000 $480,287 $6,719 3.00%
    $75k-100k 312 $116,270,000 $372,660 $7,166 3.08%
    $50k-75k 297 $87,575,000 $294,865 $6,979 3.03%
    $50k or less 132 $35,700,000 $270,455 $7,480 3.06%
    $250k+ 81 $39,815,000 $491,543 $7,847 3.16%

    Wall Financial lent most frequently to those with incomes in the $100k-150k range, with 530 originations. The second most popular income band? $150k-250k, with 314 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 85 $33,145,000 $389,941 $6,510 2.93%
    20-30% 81 $29,645,000 $365,988 $6,555 2.82%
    44% 31 $13,085,000 $422,097 $6,538 2.92%
    <20% 25 $8,705,000 $348,200 $5,588 2.71%
    49% 24 $8,770,000 $365,417 $6,620 3.12%
    48% 24 $8,150,000 $339,583 $5,641 3.16%
    45% 20 $7,970,000 $398,500 $7,269 3.03%
    41% 18 $8,260,000 $458,889 $7,167 2.96%
    36% 18 $6,880,000 $382,222 $6,294 3.10%
    47% 16 $6,680,000 $417,500 $7,316 3.10%
    37% 16 $5,990,000 $374,375 $6,630 2.94%
    39% 11 $3,765,000 $342,273 $8,085 3.28%
    40% 11 $4,935,000 $448,636 $8,807 3.05%
    46% 11 $4,375,000 $397,727 $7,271 2.97%
    38% 11 $3,685,000 $335,000 $6,786 2.80%
    50-60% 9 $3,415,000 $379,444 $8,674 2.79%
    42% 7 $2,495,000 $356,429 $6,579 2.93%
    43% 7 $2,185,000 $312,143 $7,601 3.04%
    >60% 4 $1,350,000 $337,500 $6,600 3.03%

    Wall Financial lent most frequently to those with DTI ratios of 30-36%, with 85 originations. The next most common DTI ratio? 20-30%, with 81 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Asian 819 $344,235,000 $420,311 $6,167 3.01%
    White 420 $152,090,000 $362,119 $8,220 3.11%
    Not provided 396 $147,950,000 $373,611 $7,494 3.01%
    Native Hawaiian or Islander 16 $5,530,000 $345,625 $6,396 3.05%
    Black 9 $3,975,000 $441,667 $6,248 3.25%
    American Indian 3 $1,585,000 $528,333 $5,987 2.96%
    Other Pacific Islander 1 $415,000 $415,000 $6,833 3.63%
    Asian Indian 1 $305,000 $305,000 $6,249 3.38%
    Filipino 1 $135,000 $135,000 $4,689 2.75%

    Approval Rates

    Total approvals of all applications
    99.90%

    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
    86.25%

    Wall Financial has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,666 $656,220,000 $393,890

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 1,666 $656,220,000 $393,890

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 43 $11,685,000 $271,744 $4,473 2.74%
    40-60% 150 $53,650,000 $357,667 $6,002 2.79%
    60-80% 181 $74,695,000 $412,680 $6,959 3.09%
    80-100% 53 $23,665,000 $446,509 $10,400 3.10%
    Under 20% 6 $1,750,000 $291,667 $4,675 3.03%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    WILLOW BEND MORTGAGE FHA mortgage Improper use of your report 1 100.0%