Golden West Alliance Mortgage Rates, Fees & Info

GLENDALE, CA

LEI: 549300M2H0S2WWYNUO61

Tax ID: 20-8169449

1 stars - Updated: 3/24/24

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

Review & Overview

Golden West Alliance is a smaller mortgage company specializing in Home Purchase and Cash Out Refi loans. Golden West Alliance has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Los Angeles, San Jose, Riverside, Oxnard, and Salinas among others. We have data for 17 markets. (Some data included below & more in-depth data is available with an active subscription.)

Golden West Alliance 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. Golden West Alliance 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	7.09%	3/24/24
30 Year Conventional Refi	6.50%	3/24/24
30 Year Cash-out Refi	7.01%	3/24/24
30 Year FHA Purchase	7.40%	3/24/24
30 Year FHA Refi	6.86%	3/24/24
30 Year VA Purchase	6.60%	3/24/24
15 Year Conventional Refi	6.16%	3/24/24
15 Year Cash-out Refi	6.16%	3/24/24
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.

Golden West Alliance Mortgage Calculator

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The default purchase price is the median sales price across the US for 2022Q4, per FRED.

Originations

150

Origination Dollar Volume (All Markets)

$100,260,000

Relative Rate

Golden West Alliance's average 30 year fixed mortgage rate was 4.87%.

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

This yields a difference of 0.11%.

Relative Fees (Closing Costs)

Golden West Alliance's average total fees/closing costs for a 30 year fixed rate mortgage were $11,779.

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)	96	$71,110,000	$740,729	$12,306	4.66%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA\|USDA\|VA)	4	$6,340,000	$1,585,000	$12,188	5.28%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA\|USDA\|VA)	15	$6,155,000	$410,333	$9,221	4.91%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA\|USDA\|VA)	8	$4,670,000	$583,750	$8,812	4.81%
SALINAS, CA (FHA\|USDA\|VA)	2	$3,280,000	$1,640,000	$14,834	3.38%
BAKERSFIELD, CA (FHA\|USDA\|VA)	5	$1,625,000	$325,000	$9,586	5.58%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA\|USDA\|VA)	3	$1,445,000	$481,667	$7,411	5.08%
MADERA, CA (FHA\|USDA\|VA)	3	$1,065,000	$355,000	$11,179	4.42%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA\|USDA\|VA)	3	$745,000	$248,333	$13,335	6.38%
Seattle-Tacoma-Bellevue, WA (FHA\|USDA\|VA)	2	$710,000	$355,000	$8,460	7.19%
SAN LUIS OBISPO-PASO ROBLES, CA (FHA\|USDA\|VA)	1	$705,000	$705,000	$19,379	4.00%
SANTA MARIA-SANTA BARBARA, CA (FHA\|USDA\|VA)	1	$675,000	$675,000	$19,948	4.75%
Chicago-Naperville-Elgin, IL-IN-WI (FHA\|USDA\|VA)	3	$645,000	$215,000	$9,308	6.75%
San Francisco-Oakland-Berkeley, CA (FHA\|USDA\|VA)	1	$315,000	$315,000	$17,921	7.63%
MERCED, CA (FHA\|USDA\|VA)	1	$285,000	$285,000	$12,754	2.63%
SANTA ROSA-PETALUMA, CA (FHA\|USDA\|VA)	1	$255,000	$255,000	$3,342	3.50%
Clearlake, CA (FHA\|USDA\|VA)	1	$235,000	$235,000	$7,809	3.75%

Golden West Alliance's top markets include Los Angeles, San Jose, Riverside, Oxnard, and Salinas among others.

Their top states include:

California (FHA|USDA|VA)

New Jersey (FHA|USDA|VA)

Washington (FHA|USDA|VA)

Illinois (FHA|USDA|VA)

Similar Lenders

We use machine learning to identify the top lenders compared against GOLDEN WEST ALLIANCE 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	133	$92,825,000	$697,932	$11,131	4.77%
FHA	14	$5,870,000	$419,286	$14,434	5.43%
VA	3	$1,565,000	$521,667	$18,198	4.79%

For 2022, Golden West Alliance's most frequently originated type of loan was Conventional, with 133 originations. Their 2nd most popular type was FHA, with 14 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Home Purchase	86	$66,090,000	$768,488	$13,100	5.31%
Cash Out Refi	44	$22,990,000	$522,500	$10,524	4.44%
Refi	19	$10,555,000	$555,526	$7,174	3.57%
Home Improvement	1	$625,000	$625,000	$0	4.63%

For 2022, Golden West Alliance's most frequently cited loan purpose was Home Purchase, with 86 originations. The 2nd most popular reason was Cash Out Refi, with 44 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
30 Year	146	$98,670,000	$675,822	$11,779	4.87%
15 Year	2	$950,000	$475,000	$3,928	3.69%
10 Year	1	$305,000	$305,000	$4,230	2.50%
20 Year	1	$335,000	$335,000	$5,952	3.88%

For 2022, Golden West Alliance's most frequently cited loan duration was 30 Year, with 146 originations. The 2nd most popular length was 15 Year, with 2 originations.

Origination Fees/Closing Costs

Origination Fee/Closing Cost	Originations	Total Value	Average Loan
$5k+	78	$58,290,000	$747,308
$1k-2k	35	$25,545,000	$729,857
$4k-5k	15	$7,605,000	$507,000
$2k-3k	12	$4,390,000	$365,833
$3k-4k	9	$3,665,000	$407,222
$<1k	1	$765,000	$765,000

Golden West Alliance's average total fees were $11,779, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 78 originations.

Interest Rates

Loan Rate	Originations	Total Value	Average Loan
3-4%	54	$33,380,000	$618,148
4-5%	35	$23,325,000	$666,429
5-6%	28	$20,010,000	$714,643
6-7%	22	$17,860,000	$811,818
7-8%	7	$3,435,000	$490,714
2.5-3%	2	$860,000	$430,000
Over 8%	1	$1,085,000	$1,085,000
<2.5%	1	$305,000	$305,000

During 2022, Golden West Alliance's average interest rate for loans was 4.87%, while their most frequently originated rate bucket for loans was 3-4%, with 54 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$600k-1MM	50	$39,500,000	$790,000	$13,436	4.79%
$200k-400k	39	$11,715,000	$300,385	$8,223	4.79%
$400k-600k	32	$15,900,000	$496,875	$10,093	4.59%
$1MM+	22	$32,050,000	$1,456,818	$17,167	5.36%
$100k-200k	6	$1,010,000	$168,333	$6,316	4.50%
$100,000 or less	1	$85,000	$85,000	$8,370	6.00%

2022 saw Golden West Alliance place emphasis on $600k-1MM loans with 50 originations, totaling $39,500,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$250k+	41	$43,455,000	$1,059,878	$15,224	5.39%
$150k-250k	36	$28,230,000	$784,167	$12,476	4.73%
$100k-150k	30	$14,580,000	$486,000	$9,492	4.51%
$75k-100k	21	$8,135,000	$387,381	$8,627	4.63%
$50k-75k	17	$4,235,000	$249,118	$8,661	4.60%
$50k or less	5	$1,625,000	$325,000	$9,790	4.45%

Golden West Alliance lent most frequently to those with incomes in the $250k+ range, with 41 originations. The second most popular income band? $150k-250k, with 36 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
44%	15	$10,675,000	$711,667	$12,707	5.23%
20-30%	14	$8,290,000	$592,143	$10,029	4.96%
49%	10	$7,370,000	$737,000	$10,223	4.38%
46%	10	$7,200,000	$720,000	$9,786	4.81%
30-36%	10	$5,330,000	$533,000	$15,041	4.81%
42%	10	$9,160,000	$916,000	$12,489	4.86%
41%	9	$5,625,000	$625,000	$13,073	4.94%
43%	9	$8,145,000	$905,000	$9,597	4.50%
39%	8	$4,240,000	$530,000	$12,894	5.14%
47%	8	$5,250,000	$656,250	$10,728	4.70%
40%	8	$6,650,000	$831,250	$11,873	4.59%
45%	7	$3,295,000	$470,714	$7,722	4.11%
48%	7	$3,255,000	$465,000	$9,878	4.84%
50-60%	6	$2,770,000	$461,667	$15,186	6.27%
37%	6	$3,540,000	$590,000	$7,168	4.27%
36%	4	$4,700,000	$1,175,000	$16,754	4.53%
<20%	3	$1,335,000	$445,000	$8,621	4.96%
38%	3	$2,025,000	$675,000	$10,519	4.46%
>60%	1	$645,000	$645,000	$37,801	3.13%

Golden West Alliance lent most frequently to those with DTI ratios of 44%, with 15 originations. The next most common DTI ratio? 20-30%, with 14 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	130	$87,500,000	$673,077	$11,913	4.74%
Not provided	10	$5,710,000	$571,000	$9,538	5.29%
Other Asian	1	$2,945,000	$2,945,000	$6,598	6.88%
Asian	3	$2,005,000	$668,333	$8,764	5.00%
Black	4	$1,260,000	$315,000	$11,700	6.16%
Filipino	1	$505,000	$505,000	$8,153	4.13%
Vietnamese	1	$335,000	$335,000	$5,952	3.88%

Approval Rates

Total approvals of all applications
92.79%

Golden West Alliance has an average approval rate.

Pick Rate

Approvals leading to origination
68.00%

Golden West Alliance 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	150	$100,260,000	$668,400

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
	150	$100,260,000	$668,400

LTV Distribution

Loan to Value	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-40%	13	$3,705,000	$285,000	$8,128	4.18%
40-60%	23	$13,165,000	$572,391	$8,548	3.91%
60-80%	68	$54,620,000	$803,235	$13,353	4.98%
80-100%	46	$28,770,000	$625,435	$11,395	5.24%

Complaints

Bank Name	Product	Issue	2022 CPFB Complaints	% of Total Issues
Guild Mortgage Company LLC	FHA mortgage	Struggling to pay mortgage	1	100.0%