Golden West Alliance Mortgage Rates, Fees & InfoGLENDALE, CA
Tax ID: 20-8169449
Review & OverviewGolden West Alliance is a smaller mortgage company specializing in Refi and Home Purchase loans. Golden West Alliance has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Los Angeles, Riverside, Oxnard, Salinas, and San Diego among others. We have data for 12 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.
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|Simulated Rate||Simulation Date|
|30 Year Conventional Purchase||7.19%||11/27/22|
|30 Year Conventional Refi||6.92%||11/27/22|
|30 Year Cash-out Refi||7.13%||11/27/22|
|30 Year FHA Purchase||7.86%||11/27/22|
|30 Year FHA Refi||8.16%||11/27/22|
|30 Year VA Purchase||7.09%||11/27/22|
|30 Year VA Refi||6.60%||11/27/22|
|15 Year Conventional Purchase||6.25%||11/27/22|
|15 Year Conventional Refi||6.36%||11/27/22|
|15 Year Cash-out Refi||6.36%||11/27/22|
|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.|
Origination Dollar Volume (All Markets)$167,645,000
Golden West Alliance's average 30 year fixed mortgage rate was
The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.
This yields a difference of 0.23%.
Relative Fees (Closing Costs)
Golden West Alliance's average total fees/closing costs for a 30 year fixed rate
mortgage were $6,700.
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.
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)||253||$142,385,000||$562,787||$6,866||3.37%|
|RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA)||23||$8,535,000||$371,087||$6,005||3.26%|
|OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA)||9||$5,025,000||$558,333||$4,777||3.19%|
|SALINAS, CA (FHA|USDA|VA)||7||$3,685,000||$526,429||$6,889||3.21%|
|SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA)||5||$2,585,000||$517,000||$6,461||3.80%|
|San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA)||2||$1,410,000||$705,000||$3,625||2.88%|
|BAKERSFIELD, CA (FHA|USDA|VA)||4||$1,290,000||$322,500||$5,129||3.03%|
|SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA)||2||$810,000||$405,000||$4,585||3.13%|
|Truckee-Grass Valley, CA (FHA|USDA|VA)||2||$710,000||$355,000||$4,757||3.50%|
|FRESNO, CA (FHA|USDA|VA)||2||$600,000||$300,000||$3,810||3.13%|
|REDDING, CA (FHA|USDA|VA)||1||$305,000||$305,000||$9,772||3.63%|
|MODESTO, CA (FHA|USDA|VA)||1||$305,000||$305,000||$5,228||3.88%|
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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|Loan Type||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
For 2021, Golden West Alliance's most frequently originated type of loan was Conventional, with 306 originations. Their 2nd most popular type was VA, with 3 originations.
|Loan Reason||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
|Cash Out Refi||31||$15,235,000||$491,452||$6,743||3.52%|
For 2021, Golden West Alliance's most frequently cited loan purpose was Refi, with 145 originations. The 2nd most popular reason was Home Purchase, with 135 originations.
|Loan Length||Originations||Total Value||Average Loan||Average Fees||Average Rate|
For 2021, Golden West Alliance's most frequently cited loan duration was 30 Year, with 300 originations. The 2nd most popular length was 15 Year, with 10 originations.
Origination Fees/Closing Costs
|Origination Fee/Closing Cost||Originations||Total Value||Average Loan|
Golden West Alliance's average total fees were $6,700, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 185 originations.
|Loan Rate||Originations||Total Value||Average Loan|
During 2021, Golden West Alliance's average interest rate for loans was 3.38%, while their most frequently originated rate bucket for loans was 3-4%, with 209 originations.
2021 saw Golden West Alliance place emphasis on $400k-600k loans with 115 originations, totaling $57,305,000 in origination value.
Golden West Alliance lent most frequently to those with incomes in the $100k-150k range, with 106 originations. The second most popular income band? $150k-250k, with 80 originations.
Applicant Debt to Income Ratio
Golden West Alliance lent most frequently to those with DTI ratios of 30-36%, with 38 originations. The next most common DTI ratio? 49%, with 34 originations.
Approval RatesTotal approvals of all applications
Golden West Alliance has an average approval rate.
Pick RateApprovals leading to origination
Golden West Alliance has an average pick rate.
Points and Fees
|Points||Originations||Total Value||Average Loan|
|Bank Name||Product||Issue||2021 CPFB Complaints||% of Total Issues|
|GOLDEN 1 CREDIT UNION, THE||Conventional home mortgage||Struggling to pay mortgage||1||12.5%|
|GOLDEN 1 CREDIT UNION, THE||Conventional home mortgage||Trouble during payment process||4||50.0%|
|GOLDEN 1 CREDIT UNION, THE||FHA mortgage||Struggling to pay mortgage||1||12.5%|
|GOLDEN 1 CREDIT UNION, THE||FHA mortgage||Trouble during payment process||1||12.5%|
|GOLDEN 1 CREDIT UNION, THE||Other type of mortgage||Trouble during payment process||1||12.5%|