Golden West Alliance Mortgage Rates, Fees & Info

GLENDALE, CA

LEI: 549300M2H0S2WWYNUO61

Tax ID: 20-8169449

2.4 stars - out of 5 stars, based on 18 reviews

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

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Mortgage Data

  • SimulatedRates™
  • Review & Overview

    Golden 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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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    SimulatedRates™

    Mortgage Type
    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.


    Originations

    311

    Origination Dollar Volume (All Markets)

    $167,645,000

    Relative Rate

    Golden West Alliance's average 30 year fixed mortgage rate was 3.38%.

    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.

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

    Their top states include:
  • California (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.

    Christian Community Credit Union
    Similarity Rank: 354
    Credence Funding Corporation
    Similarity Rank: 404
    Chaffey Federal Credit Union
    Similarity Rank: 966
    LA Financial Federal Credit Union
    Similarity Rank: 1374
    POPA FEDERAL CREDIT UNION
    Similarity Rank: 1380
    Los Angeles Federal Credit Union
    Similarity Rank: 1400
    ARROWHEAD CENTRAL CREDIT UNION
    Similarity Rank: 1488
    FRONTWAVE
    Similarity Rank: 1520

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 306 $165,050,000 $539,379 $6,525 3.36%
    VA 3 $1,685,000 $561,667 $13,370 2.88%
    FHA 2 $910,000 $455,000 $15,641 3.25%

    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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 145 $66,605,000 $459,345 $5,267 3.21%
    Home Purchase 135 $85,805,000 $635,593 $8,112 3.47%
    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 Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 300 $164,480,000 $548,267 $6,700 3.38%
    15 Year 10 $2,860,000 $286,000 $5,382 2.78%
    10 Year 1 $305,000 $305,000 $3,957 2.50%

    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
    $1k-2k 185 $98,335,000 $531,541
    $5k+ 52 $35,650,000 $685,577
    $2k-3k 30 $13,010,000 $433,667
    $3k-4k 22 $10,780,000 $490,000
    $4k-5k 13 $5,435,000 $418,077
    $<1k 9 $4,435,000 $492,778

    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.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 209 $116,885,000 $559,258
    2.5-3% 75 $35,215,000 $469,533
    4-5% 13 $7,015,000 $539,615
    <2.5% 7 $2,295,000 $327,857
    5-6% 5 $4,735,000 $947,000
    6-7% 2 $1,500,000 $750,000

    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.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $400k-600k 115 $57,305,000 $498,304 $5,985 3.33%
    $600k-1MM 89 $65,515,000 $736,124 $8,169 3.48%
    $200k-400k 87 $27,875,000 $320,402 $5,333 3.23%
    $100k-200k 10 $1,570,000 $157,000 $4,997 3.11%
    $1MM+ 10 $15,380,000 $1,538,000 $13,865 3.73%

    2021 saw Golden West Alliance place emphasis on $400k-600k loans with 115 originations, totaling $57,305,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 106 $57,210,000 $539,717 $6,304 3.35%
    $150k-250k 80 $47,500,000 $593,750 $7,036 3.38%
    $75k-100k 45 $20,315,000 $451,444 $6,339 3.24%
    $50k-75k 37 $12,255,000 $331,216 $5,354 3.19%
    $250k+ 27 $24,665,000 $913,519 $9,483 3.63%
    $50k or less 14 $4,990,000 $356,429 $6,339 3.58%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 38 $21,410,000 $563,421 $6,981 3.40%
    49% 34 $17,140,000 $504,118 $6,509 3.33%
    48% 26 $12,310,000 $473,462 $6,040 3.21%
    47% 26 $14,820,000 $570,000 $6,378 3.34%
    44% 24 $14,800,000 $616,667 $8,307 3.41%
    20-30% 23 $11,885,000 $516,739 $5,634 3.26%
    42% 23 $12,625,000 $548,913 $8,042 3.43%
    45% 21 $9,025,000 $429,762 $7,002 3.55%
    46% 18 $9,170,000 $509,444 $5,440 3.22%
    43% 18 $9,940,000 $552,222 $5,891 3.41%
    41% 13 $7,325,000 $563,462 $7,119 3.35%
    40% 10 $5,440,000 $544,000 $6,360 3.83%
    39% 10 $9,070,000 $907,000 $8,621 3.46%
    38% 9 $4,625,000 $513,889 $5,511 3.14%
    36% 8 $3,670,000 $458,750 $4,035 3.11%
    <20% 3 $1,065,000 $355,000 $6,066 2.96%
    37% 3 $1,415,000 $471,667 $5,741 3.13%
    50-60% 2 $1,050,000 $525,000 $12,631 2.94%

    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.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 261 $138,655,000 $531,245 $6,602 3.35%
    Not provided 19 $10,095,000 $531,316 $7,127 3.21%
    Asian 16 $9,320,000 $582,500 $6,664 3.60%
    Black 10 $5,210,000 $521,000 $6,536 3.48%
    Chinese 1 $2,715,000 $2,715,000 $12,871 2.88%
    Korean 1 $545,000 $545,000 $5,568 3.25%
    Japanese 1 $475,000 $475,000 $6,918 3.25%
    Other Pacific Islander 1 $355,000 $355,000 $6,307 3.13%
    American Indian 1 $275,000 $275,000 $5,776 3.38%

    Approval Rates

    Total approvals of all applications
    93.98%

    Golden West Alliance has an average approval rate.

    Pick Rate

    Approvals leading to origination
    88.42%

    Golden West Alliance has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 311 $167,645,000 $539,051

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    311 $167,645,000 $539,051

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 25 $8,455,000 $338,200 $5,213 3.13%
    40-60% 85 $38,535,000 $453,353 $5,479 3.20%
    60-80% 131 $81,075,000 $618,893 $7,540 3.47%
    80-100% 65 $38,105,000 $586,231 $7,107 3.44%
    Under 20% 5 $1,475,000 $295,000 $4,425 2.98%

    Complaints

    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%