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 and Cash Out Refi loans. Bank Of Whittier has a high proportion of conventional loans. Their top markets by origination volume include: Dallas, Houston, Los Angeles, Albuquerque, and Kansas City among others. We have data for 37 markets. (Some data included below & more in-depth data is available with an active subscription.)Bank Of Whittier 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. 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 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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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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
106Origination Dollar Volume (All Markets)
$37,120,000Top 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 |
|---|---|---|---|---|---|
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 36 | $12,580,000 | $349,444 | $6,530 | 4.53% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 3 | $2,405,000 | $801,667 | $10,641 | 4.12% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 5 | $2,145,000 | $429,000 | $8,182 | 5.84% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 6 | $1,830,000 | $305,000 | $4,951 | 5.55% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 4 | $1,370,000 | $342,500 | $4,363 | 4.54% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 4 | $1,330,000 | $332,500 | $6,079 | 5.24% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 3 | $1,235,000 | $411,667 | $9,806 | 6.08% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 4 | $1,110,000 | $277,500 | $7,517 | 5.41% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 2 | $1,060,000 | $530,000 | $3,973 | 6.13% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 2 | $1,010,000 | $505,000 | $5,418 | 5.11% |
| BATON ROUGE, LA (FHA|USDA|VA) | 4 | $960,000 | $240,000 | $6,753 | 4.88% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 2 | $870,000 | $435,000 | $3,677 | 5.31% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 2 | $680,000 | $340,000 | $4,209 | 5.13% |
| BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) | 4 | $660,000 | $165,000 | $6,060 | 5.79% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 1 | $635,000 | $635,000 | $4,386 | 3.95% |
| COLUMBUS, OH (FHA|USDA|VA) | 1 | $635,000 | $635,000 | $4,380 | 5.25% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $585,000 | $585,000 | $9,804 | 3.50% |
| LINCOLN, NE (FHA|USDA|VA) | 1 | $555,000 | $555,000 | $11,452 | 5.63% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $2,583 | 4.74% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $7,803 | 6.13% |
| ANCHORAGE, AK (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $7,668 | 5.68% |
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $8,152 | 3.25% |
| DOVER, DE (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $3,854 | 4.09% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $3,876 | 2.75% |
| PITTSBURGH, PA (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $4,626 | 4.25% |
| EL PASO, TX (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $4,096 | 3.85% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $12,617 | 4.38% |
| MORGANTOWN, WV (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $3,593 | 5.95% |
| SIOUX CITY, IA-NE-SD (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $3,205 | 3.95% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $2,825 | 6.98% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $3,971 | 3.85% |
| LEWISTON-AUBURN, ME (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $2,073 | 3.88% |
| TUSCALOOSA, AL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $6,584 | 3.50% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 2 | $160,000 | $80,000 | $4,455 | 6.50% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $5,963 | 3.63% |
| SYRACUSE, NY (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $6,007 | 4.88% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,554 | 5.63% |
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 106 | $37,120,000 | $350,189 | $6,210 | 4.91% |
For 2022, Bank Of Whittier's most frequently originated type of loan was Conventional, with 106 originations.
Loan Reason
For 2022, 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 32 originations.
Loan Duration/Length
For 2022, Bank Of Whittier's most frequently cited loan duration was 30 Year, with 61 originations. The 2nd most popular length was 15 Year, with 42 originations.
Origination Fees/Closing Costs
Bank Of Whittier's average total fees were $6,393, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 24 originations.
Interest Rates
During 2022, Bank Of Whittier's average interest rate for loans was 5.10%, while their most frequently originated rate bucket for loans was 4-5%, with 27 originations.
Loan Sizing
2022 saw Bank Of Whittier place emphasis on $200k-400k loans with 47 originations, totaling $13,625,000 in origination value.
Applicant Income
Bank Of Whittier lent most frequently to those with incomes in the $250k+ range, with 37 originations. The second most popular income band? $100k-150k, with 25 originations.
Applicant Debt to Income Ratio
Bank Of Whittier lent most frequently to those with DTI ratios of 20-30%, with 24 originations. The next most common DTI ratio? 30-36%, with 18 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications91.48%
Bank Of Whittier has an average approval rate.
Pick Rate
Approvals leading to origination42.45%
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 | 106 | $37,120,000 | $350,189 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2022 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| BANK OF AMERICA, NATIONAL ASSOCIATION | Home equity loan or line of credit (HELOC) | Trouble during payment process | 1 | 6.7% |
| BANK OF AMERICA, NATIONAL ASSOCIATION | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 3 | 20.0% |
| BANK OF AMERICA, NATIONAL ASSOCIATION | Conventional home mortgage | Closing on a mortgage | 1 | 6.7% |
| BANK OF AMERICA, NATIONAL ASSOCIATION | Conventional home mortgage | Struggling to pay mortgage | 1 | 6.7% |
| BANK OF AMERICA, NATIONAL ASSOCIATION | Conventional home mortgage | Trouble during payment process | 7 | 46.7% |
| BANK OF AMERICA, NATIONAL ASSOCIATION | FHA mortgage | Struggling to pay mortgage | 1 | 6.7% |
| BANK OF AMERICA, NATIONAL ASSOCIATION | Home equity loan or line of credit (HELOC) | Struggling to pay mortgage | 1 | 6.7% |