Golden West Alliance Mortgage Rates, Fees & Info
GLENDALE, CALEI: 549300M2H0S2WWYNUO61
Tax ID: 20-8169449
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Mortgage Data
Review & Overview
Golden West Alliance is a smaller mortgage company specializing in 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, Sacramento, and Fresno among others. We have data for 7 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 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 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 | 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
182Origination Dollar Volume (All Markets)
$87,790,000Top 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) | 168 | $83,870,000 | $499,226 | $6,808 | 5.14% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 9 | $2,645,000 | $293,889 | $5,140 | 5.03% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $5,547 | 4.38% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $3,507 | 5.88% |
| FRESNO, CA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 5.88% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,042 | 5.25% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 4.75% |
Their top states include:
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 | 178 | $86,180,000 | $484,157 | $6,446 | 5.14% |
| FHA | 3 | $1,195,000 | $398,333 | $14,098 | 5.13% |
| VA | 1 | $415,000 | $415,000 | $16,489 | 3.99% |
For 2018, Golden West Alliance's most frequently originated type of loan was Conventional, with 178 originations. Their 2nd most popular type was FHA, with 3 originations.
Loan Reason
For 2018, Golden West Alliance's most frequently cited loan purpose was Home Purchase, with 119 originations. The 2nd most popular reason was Cash Out Refi, with 38 originations.
Loan Duration/Length
For 2018, Golden West Alliance's most frequently cited loan duration was 30 Year, with 176 originations. The 2nd most popular length was 15 Year, with 2 originations.
Origination Fees/Closing Costs
Golden West Alliance's average total fees were $6,702, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 98 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 5-6% | 89 | $45,305,000 | $509,045 |
| 4-5% | 86 | $39,670,000 | $461,279 |
| 3-4% | 4 | $1,660,000 | $415,000 |
| 6-7% | 3 | $1,155,000 | $385,000 |
During 2018, Golden West Alliance's average interest rate for loans was 5.16%, while their most frequently originated rate bucket for loans was 5-6%, with 89 originations.
Loan Sizing
2018 saw Golden West Alliance place emphasis on $400k-600k loans with 72 originations, totaling $34,590,000 in origination value.
Applicant Income
Golden West Alliance lent most frequently to those with incomes in the $100k-150k range, with 48 originations. The second most popular income band? $150k-250k, with 45 originations.
Applicant Debt to Income Ratio
Golden West Alliance lent most frequently to those with DTI ratios of 49%, with 19 originations. The next most common DTI ratio? 48%, with 17 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.22%
Golden West Alliance has an average approval rate.
Pick Rate
Approvals leading to origination81.32%
Golden West Alliance has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 182 | $87,790,000 | $482,363 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 182 | $87,790,000 | $482,363 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| GOLDEN 1 CREDIT UNION, THE | Conventional home mortgage | Trouble during payment process | 1 | 50.0% |
| GOLDEN 1 CREDIT UNION, THE | Other type of mortgage | Closing on a mortgage | 1 | 50.0% |