Great Western Financial Services Mortgage Rates, Fees & Info
PLANO, TXLEI: 549300W3T1IBMEUW8789
Tax ID: 75-1794257
Latest/2021 | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Great Western Financial Services is a smaller mortgage company specializing in Home Purchase and Refi loans. Great Western Financial Services has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Dallas, Houston, Austin, Tampa, and San Antonio among others. We have data for 88 markets. (Some data included below & more in-depth data is available with an active subscription.)Great Western Financial Services 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. Great Western Financial Services 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 | 7.04% | 12/4/22 |
| 30 Year Conventional Refi | 6.87% | 12/4/22 |
| 30 Year Cash-out Refi | 7.08% | 12/4/22 |
| 30 Year FHA Purchase | 7.89% | 12/4/22 |
| 30 Year FHA Refi | 7.57% | 12/4/22 |
| 30 Year VA Purchase | 6.67% | 12/4/22 |
| 30 Year VA Refi | 6.38% | 12/4/22 |
| 30 Year USDA Purchase | 7.02% | 12/4/22 |
| 15 Year Conventional Purchase | 6.12% | 12/4/22 |
| 15 Year Conventional Refi | 6.09% | 12/4/22 |
| 15 Year Cash-out Refi | 6.09% | 12/4/22 |
| 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
1,996Origination Dollar Volume (All Markets)
$545,210,000Relative Rate
Great Western Financial Services's average 30 year fixed mortgage rate was
3.21%.
The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.
This yields a difference of 0.06%.
Relative Fees (Closing Costs)
Great Western Financial Services's average total fees/closing costs for a 30 year fixed rate
mortgage were $5,939.
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 |
|---|---|---|---|---|---|
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1,042 | $307,020,000 | $294,645 | $5,895 | 3.14% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 268 | $74,680,000 | $278,657 | $5,909 | 3.14% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 85 | $28,815,000 | $339,000 | $5,632 | 3.04% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 76 | $20,200,000 | $265,789 | $5,763 | 3.22% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 67 | $15,945,000 | $237,985 | $5,512 | 3.01% |
| Outside of Metro Areas | 54 | $9,500,000 | $175,926 | $5,647 | 3.29% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 33 | $9,495,000 | $287,727 | $6,033 | 3.17% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 15 | $3,845,000 | $256,333 | $5,596 | 3.22% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 14 | $3,760,000 | $268,571 | $4,715 | 3.38% |
| LUBBOCK, TX (FHA|USDA|VA) | 16 | $3,280,000 | $205,000 | $4,544 | 3.18% |
| WACO, TX (FHA|USDA|VA) | 12 | $2,910,000 | $242,500 | $5,666 | 2.96% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 16 | $2,890,000 | $180,625 | $5,103 | 3.26% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 13 | $2,805,000 | $215,769 | $5,494 | 3.15% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 13 | $2,785,000 | $214,231 | $5,791 | 3.31% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 10 | $2,620,000 | $262,000 | $7,472 | 3.33% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 8 | $2,420,000 | $302,500 | $5,927 | 3.11% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 9 | $2,345,000 | $260,556 | $6,430 | 3.43% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 8 | $2,240,000 | $280,000 | $7,957 | 2.97% |
| Granbury, TX (FHA|USDA|VA) | 6 | $2,160,000 | $360,000 | $5,459 | 2.92% |
| Athens, TX (FHA|USDA|VA) | 10 | $2,050,000 | $205,000 | $4,720 | 3.20% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 10 | $1,990,000 | $199,000 | $6,413 | 3.10% |
| EL PASO, TX (FHA|USDA|VA) | 10 | $1,980,000 | $198,000 | $4,462 | 2.99% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 8 | $1,930,000 | $241,250 | $6,169 | 3.02% |
| TYLER, TX (FHA|USDA|VA) | 9 | $1,785,000 | $198,333 | $4,847 | 3.17% |
| ODESSA, TX (FHA|USDA|VA) | 9 | $1,715,000 | $190,556 | $5,159 | 3.14% |
| AMARILLO, TX (FHA|USDA|VA) | 8 | $1,650,000 | $206,250 | $4,795 | 3.13% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 8 | $1,620,000 | $202,500 | $5,905 | 3.58% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 5 | $1,525,000 | $305,000 | $5,273 | 2.98% |
| WICHITA FALLS, TX (FHA|USDA|VA) | 10 | $1,500,000 | $150,000 | $5,005 | 3.55% |
| MIDLAND, TX (FHA|USDA|VA) | 4 | $1,420,000 | $355,000 | $8,567 | 3.19% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 7 | $1,375,000 | $196,429 | $5,127 | 2.95% |
| BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) | 10 | $1,280,000 | $128,000 | $5,566 | 3.50% |
| LONGVIEW, TX (FHA|USDA|VA) | 6 | $1,180,000 | $196,667 | $6,028 | 3.23% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 5 | $1,145,000 | $229,000 | $5,803 | 2.93% |
| OCALA, FL (FHA|USDA|VA) | 5 | $1,045,000 | $209,000 | $5,628 | 3.25% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 5 | $965,000 | $193,000 | $5,555 | 3.08% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 3 | $865,000 | $288,333 | $6,914 | 3.54% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 4 | $860,000 | $215,000 | $3,864 | 2.88% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 2 | $850,000 | $425,000 | $3,065 | 2.69% |
| Paris, TX (FHA|USDA|VA) | 4 | $850,000 | $212,500 | $4,517 | 3.44% |
| TEXARKANA, TX-AR (FHA|USDA|VA) | 4 | $790,000 | $197,500 | $5,384 | 2.78% |
| MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) | 6 | $770,000 | $128,333 | $5,719 | 3.06% |
| Mount Pleasant, TX (FHA|USDA|VA) | 4 | $740,000 | $185,000 | $5,204 | 3.13% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 4 | $730,000 | $182,500 | $4,565 | 3.50% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 3 | $715,000 | $238,333 | $6,484 | 3.21% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 4 | $690,000 | $172,500 | $3,452 | 2.78% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 2 | $650,000 | $325,000 | $4,723 | 3.06% |
| LAREDO, TX (FHA|USDA|VA) | 3 | $615,000 | $205,000 | $5,043 | 3.17% |
| BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) | 4 | $600,000 | $150,000 | $5,072 | 3.38% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 2 | $590,000 | $295,000 | $6,968 | 3.50% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 3 | $535,000 | $178,333 | $7,216 | 3.25% |
| Lake City, FL (FHA|USDA|VA) | 3 | $455,000 | $151,667 | $5,110 | 3.46% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $2,940 | 2.25% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 3 | $435,000 | $145,000 | $4,498 | 3.17% |
| SEBRING-AVON PARK, FL (FHA|USDA|VA) | 3 | $405,000 | $135,000 | $4,864 | 2.88% |
| Stephenville, TX (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $4,076 | 3.00% |
| GAINESVILLE, FL (FHA|USDA|VA) | 3 | $365,000 | $121,667 | $4,102 | 2.79% |
| Clearlake, CA (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $3,545 | 2.88% |
| Mineral Wells, TX (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $4,974 | 3.00% |
| SAN ANGELO, TX (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $5,168 | 3.63% |
| Corsicana, TX (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $4,233 | 3.06% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $2,670 | 3.38% |
| Jacksonville, TX (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $9,136 | 3.00% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $3,646 | 2.75% |
| Steamboat Springs, CO (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $3,821 | 2.75% |
| Big Spring, TX (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $4,923 | 3.25% |
| NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,060 | 3.50% |
| Bonham, TX (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $5,591 | 4.06% |
| KNOXVILLE, TN (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $3,455 | 2.94% |
| JACKSON, TN (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $10,865 | 3.00% |
| Palestine, TX (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $7,728 | 2.88% |
| Borger, TX (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $8,510 | 3.63% |
| ABILENE, TX (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $5,755 | 3.13% |
| Sevierville, TN (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $6,696 | 3.75% |
| Sulphur Springs, TX (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $8,162 | 3.13% |
| El Campo, TX (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $5,552 | 2.63% |
| Fredericksburg, TX (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $4,253 | 2.75% |
| Pecos, TX (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $8,909 | 3.00% |
| CLEVELAND, TN (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,507 | 3.50% |
| Pampa, TX (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $5,782 | 4.25% |
| Ponca City, OK (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $4,570 | 2.88% |
| Gainesville, TX (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,883 | 4.13% |
| Tullahoma-Manchester, TN (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $5,111 | 3.75% |
| Snyder, TX (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $7,371 | 3.00% |
| VICTORIA, TX (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $5,514 | 4.38% |
| Elk City, OK (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $5,448 | 3.75% |
| Zapata, TX (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $5,779 | 4.25% |
| Dumas, TX (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $3,695 | 3.25% |
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Product Mix
For 2021, Great Western Financial Services's most frequently originated type of loan was Conventional, with 1,598 originations. Their 2nd most popular type was FHA, with 306 originations.
Loan Reason
For 2021, Great Western Financial Services's most frequently cited loan purpose was Home Purchase, with 1,368 originations. The 2nd most popular reason was Refi, with 406 originations.
Loan Duration/Length
For 2021, Great Western Financial Services's most frequently cited loan duration was 30 Year, with 1,795 originations. The 2nd most popular length was 15 Year, with 169 originations.
Origination Fees/Closing Costs
Great Western Financial Services's average total fees were $5,939, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 1,461 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 1,070 | $288,470,000 | $269,598 |
| 2.5-3% | 710 | $197,880,000 | $278,704 |
| <2.5% | 148 | $42,130,000 | $284,662 |
| 4-5% | 66 | $16,360,000 | $247,879 |
| 5-6% | 2 | $370,000 | $185,000 |
During 2021, Great Western Financial Services's average interest rate for loans was 3.21%, while their most frequently originated rate bucket for loans was 3-4%, with 1,070 originations.
Loan Sizing
2021 saw Great Western Financial Services place emphasis on $200k-400k loans with 1,061 originations, totaling $300,535,000 in origination value.
Applicant Income
Great Western Financial Services lent most frequently to those with incomes in the $100k-150k range, with 507 originations. The second most popular income band? $50k-75k, with 444 originations.
Applicant Debt to Income Ratio
Great Western Financial Services lent most frequently to those with DTI ratios of 20-30%, with 360 originations. The next most common DTI ratio? 30-36%, with 319 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications92.23%
Great Western Financial Services has an average approval rate.
Pick Rate
Approvals leading to origination58.47%
Great Western Financial Services 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 | 1,996 | $545,210,000 | $273,151 |
