Bank Of Whittier Mortgage Rates, Fees & Info
Whittier, CALEI: 549300Q4JBLTKDC7J303
Tax ID: 95-3741119
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Mortgage Data
Review & Overview
Bank Of Whittier is a smaller bank specializing in Home Purchase loans. Bank Of Whittier has a high proportion of conventional loans. Their top markets by origination volume include: Dallas, New York, Austin, Detroit, and Albuquerque among others. We have data for 34 markets. (Some data included below & more in-depth data is available with an active subscription.)Bank Of Whittier has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Bank Of Whittier 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 | 6.87% | 11/17/24 |
| 30 Year Conventional Refi | 6.24% | 11/17/24 |
| 30 Year Cash-out Refi | 6.71% | 11/17/24 |
| 15 Year Conventional Purchase | 6.21% | 11/17/24 |
| 15 Year Conventional Refi | 5.81% | 11/17/24 |
| 15 Year Cash-out Refi | 5.81% | 11/17/24 |
| 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. | ||
Bank Of Whittier Mortgage Calculator
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Bank Of Whittier. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
85Origination Dollar Volume (All Markets)
$35,955,000Relative Rate
Bank Of Whittier's average 30 year fixed mortgage rate was
6.98%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 0.5%.
Relative Fees (Closing Costs)
Bank Of Whittier's average total fees/closing costs for a 30 year fixed rate
mortgage were $7,282.
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 $9,089.
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 |
|---|---|---|---|---|---|
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 29 | $11,855,000 | $408,793 | $7,125 | 6.91% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 6 | $4,340,000 | $723,333 | $11,861 | 6.83% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 3 | $2,615,000 | $871,667 | $11,897 | 6.73% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 3 | $2,345,000 | $781,667 | $10,298 | 6.90% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 6 | $1,540,000 | $256,667 | $3,459 | 6.88% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 1 | $1,365,000 | $1,365,000 | $31,145 | 7.25% |
| BATON ROUGE, LA (FHA|USDA|VA) | 2 | $1,060,000 | $530,000 | $10,996 | 6.69% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 1 | $965,000 | $965,000 | $4,877 | 6.75% |
| RICHMOND, VA (FHA|USDA|VA) | 2 | $920,000 | $460,000 | $4,369 | 6.63% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 1 | $725,000 | $725,000 | $10,364 | 6.88% |
| TOLEDO, OH (FHA|USDA|VA) | 2 | $710,000 | $355,000 | $2,950 | 6.85% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 2 | $670,000 | $335,000 | $8,072 | 6.75% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 2 | $640,000 | $320,000 | $4,350 | 6.40% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 2 | $610,000 | $305,000 | $10,017 | 7.01% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 3 | $555,000 | $185,000 | $5,526 | 6.79% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $14,419 | 6.88% |
| BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $8,884 | 8.50% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $3,428 | 6.63% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $6,556 | 7.45% |
| READING, PA (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $4,591 | 7.25% |
| BANGOR, ME (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $3,278 | 7.35% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $2,800 | 6.63% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $3,148 | 7.06% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $6,619 | 6.88% |
| COLUMBUS, OH (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $4,237 | 7.13% |
| PITTSBURGH, PA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $7,147 | 6.88% |
| TUCSON, AZ (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $4,638 | 7.75% |
| DOVER, DE (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $8,593 | 6.63% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $4,417 | 6.50% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,623 | 7.25% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $4,240 | 6.13% |
| BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $6,379 | 6.88% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,191 | 7.95% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $2,839 | 7.00% |
Similar Lenders
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 85 | $35,955,000 | $423,000 | $7,244 | 6.91% |
For 2023, Bank Of Whittier's most frequently originated type of loan was Conventional, with 85 originations.
Loan Reason
For 2023, Bank Of Whittier's most frequently cited loan purpose was Home Purchase, with 67 originations. The 2nd most popular reason was Cash Out Refi, with 17 originations.
Loan Duration/Length
For 2023, Bank Of Whittier's most frequently cited loan duration was 30 Year, with 56 originations. The 2nd most popular length was 15 Year, with 21 originations.
Origination Fees/Closing Costs
Bank Of Whittier's average total fees were $7,282, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 23 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 51 | $22,145,000 | $434,216 |
| 7-8% | 30 | $12,270,000 | $409,000 |
| 5-6% | 3 | $1,135,000 | $378,333 |
| Over 8% | 1 | $405,000 | $405,000 |
During 2023, Bank Of Whittier's average interest rate for loans was 6.98%, while their most frequently originated rate bucket for loans was 6-7%, with 51 originations.
Loan Sizing
2023 saw Bank Of Whittier place emphasis on $200k-400k loans with 42 originations, totaling $12,140,000 in origination value.
Applicant Income
Bank Of Whittier lent most frequently to those with incomes in the $250k+ range, with 34 originations. The second most popular income band? $150k-250k, with 22 originations.
Applicant Debt to Income Ratio
Bank Of Whittier lent most frequently to those with DTI ratios of 30-36%, with 27 originations. The next most common DTI ratio? 20-30%, with 20 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications87.43%
Bank Of Whittier has an average approval rate.
Pick Rate
Approvals leading to origination34.12%
Bank Of Whittier 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 | 85 | $35,955,000 | $423,000 |