Mountain West Financial Mortgage Rates, Fees & Info

Westlake Village, CA

LEI: 549300WEOD0TL2O6EU67

Tax ID: 33-0419992

1.4 stars - Updated: 4/18/24 - out of 5 stars, based on 26 reviews

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

Review & Overview

Mountain West Financial is a smaller mortgage company specializing in Home Purchase loans. Mountain West Financial has a high proportion of conventional loans. They have a a high proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Riverside, Los Angeles, Sacramento, Santa Cruz, and Grants Pass among others. We have data for 60 markets. (Some data included below & more in-depth data is available with an active subscription.)

Mountain West Financial 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. Mountain West Financial 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 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.

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

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.26% 4/18/24
30 Year Conventional Refi 6.55% 4/18/24
30 Year Cash-out Refi 6.78% 4/18/24
30 Year FHA Purchase 7.54% 4/18/24
30 Year FHA Refi 7.31% 4/18/24
30 Year VA Purchase 6.31% 4/18/24
30 Year USDA Purchase 6.63% 4/18/24
15 Year Conventional Purchase 5.77% 4/18/24
15 Year Conventional Refi 6.33% 4/18/24
15 Year Cash-out Refi 6.33% 4/18/24
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.

Mountain West Financial Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Mountain West Financial. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

680

Origination Dollar Volume (All Markets)

$241,810,000

Awards

MOUNTAIN WEST FINANCIAL 30 Year Conventional Loans gold
Show all (1) awards

Relative Rate

Mountain West Financial's average 30 year fixed mortgage rate was 6.34%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of -0.14%.

Relative Fees (Closing Costs)

Mountain West Financial's average total fees/closing costs for a 30 year fixed rate mortgage were $13,098.

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
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 217 $75,105,000 $346,106 $13,646 6.32%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 60 $28,320,000 $472,000 $16,983 6.26%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 41 $17,535,000 $427,683 $13,473 6.46%
SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 26 $13,830,000 $531,923 $14,865 6.65%
GRANTS PASS, OR (FHA|USDA|VA) 41 $13,525,000 $329,878 $13,948 6.39%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 27 $10,895,000 $403,519 $9,903 6.26%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 15 $7,625,000 $508,333 $20,314 5.93%
LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 26 $6,910,000 $265,769 $9,004 6.92%
BAKERSFIELD, CA (FHA|USDA|VA) 24 $6,560,000 $273,333 $13,226 5.72%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 16 $6,320,000 $395,000 $11,472 6.63%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 11 $6,245,000 $567,727 $13,660 6.00%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 23 $4,725,000 $205,435 $11,125 4.83%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 19 $4,595,000 $241,842 $9,525 5.96%
SALINAS, CA (FHA|USDA|VA) 11 $4,455,000 $405,000 $11,579 7.11%
Outside of Metro Areas 19 $3,675,000 $193,421 $8,708 5.78%
MEDFORD, OR (FHA|USDA|VA) 11 $3,485,000 $316,818 $11,783 6.40%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 8 $2,790,000 $348,750 $9,984 7.25%
FRESNO, CA (FHA|USDA|VA) 5 $2,535,000 $507,000 $16,798 6.68%
BOULDER, CO (FHA|USDA|VA) 3 $2,395,000 $798,333 $10,301 6.88%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 2 $1,390,000 $695,000 $20,401 6.69%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 9 $1,375,000 $152,778 $8,784 4.85%
GREELEY, CO (FHA|USDA|VA) 4 $1,350,000 $337,500 $12,350 4.69%
YUBA CITY, CA (FHA|USDA|VA) 4 $1,280,000 $320,000 $12,427 6.78%
MERCED, CA (FHA|USDA|VA) 5 $1,265,000 $253,000 $15,421 5.40%
Truckee-Grass Valley, CA (FHA|USDA|VA) 2 $1,140,000 $570,000 $16,962 7.12%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 2 $1,130,000 $565,000 $11,477 7.06%
SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 3 $905,000 $301,667 $21,430 4.67%
Roseburg, OR (FHA|USDA|VA) 3 $835,000 $278,333 $11,884 6.46%
STOCKTON, CA (FHA|USDA|VA) 2 $660,000 $330,000 $12,738 6.69%
LONGVIEW, TX (FHA|USDA|VA) 3 $615,000 $205,000 $7,556 6.75%
REDDING, CA (FHA|USDA|VA) 1 $565,000 $565,000 $5,490 7.50%
Ukiah, CA (FHA|USDA|VA) 1 $535,000 $535,000 $17,797 5.50%
SALEM, OR (FHA|USDA|VA) 2 $520,000 $260,000 $10,945 6.19%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 1 $445,000 $445,000 $20,812 6.25%
MODESTO, CA (FHA|USDA|VA) 2 $440,000 $220,000 $22,820 6.63%
COLORADO SPRINGS, CO (FHA|USDA|VA) 3 $385,000 $128,333 $8,697 4.83%
Sulphur Springs, TX (FHA|USDA|VA) 1 $355,000 $355,000 $16,690 6.25%
VALLEJO, CA (FHA|USDA|VA) 1 $335,000 $335,000 $12,913 6.88%
MADERA, CA (FHA|USDA|VA) 2 $320,000 $160,000 $16,229 7.25%
SALT LAKE CITY, UT (FHA|USDA|VA) 1 $315,000 $315,000 $0 7.99%
CHICO, CA (FHA|USDA|VA) 1 $305,000 $305,000 $14,887 6.75%
Oak Harbor, WA (FHA|USDA|VA) 1 $295,000 $295,000 $14,625 5.50%
Show Low, AZ (FHA|USDA|VA) 1 $285,000 $285,000 $3,988 7.25%
PUEBLO, CO (FHA|USDA|VA) 1 $285,000 $285,000 $4,741 6.99%
Sonora, CA (FHA|USDA|VA) 1 $285,000 $285,000 $9,688 6.63%
TUCSON, AZ (FHA|USDA|VA) 1 $275,000 $275,000 $10,066 6.88%
Fort Morgan, CO (FHA|USDA|VA) 2 $270,000 $135,000 $11,287 3.38%
MORRISTOWN, TN (FHA|USDA|VA) 1 $265,000 $265,000 $5,975 7.50%
Wilson, NC (FHA|USDA|VA) 1 $205,000 $205,000 $11,149 6.75%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 2 $200,000 $100,000 $3,384 4.06%
Aberdeen, WA (FHA|USDA|VA) 1 $195,000 $195,000 $10,441 7.50%
LUBBOCK, TX (FHA|USDA|VA) 1 $195,000 $195,000 $3,753 6.88%
OKLAHOMA CITY, OK (FHA|USDA|VA) 1 $185,000 $185,000 $8,362 7.13%
Klamath Falls, OR (FHA|USDA|VA) 1 $185,000 $185,000 $2,913 5.63%
Sterling, CO (FHA|USDA|VA) 2 $150,000 $75,000 $7,595 3.50%
VISALIA, CA (FHA|USDA|VA) 1 $145,000 $145,000 $0 6.99%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $125,000 $125,000 $4,847 8.00%
Jacksonville, TX (FHA|USDA|VA) 1 $105,000 $105,000 $5,877 6.50%
Payson, AZ (FHA|USDA|VA) 1 $85,000 $85,000 $3,737 7.63%
RALEIGH-CARY, NC (FHA|USDA|VA) 1 $85,000 $85,000 $3,526 8.00%
Mountain West Financial's top markets include Riverside, Los Angeles, Sacramento, Santa Cruz, and Grants Pass among others.

Their top states include:
  • California (FHA|USDA|VA)
  • Oregon (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against MOUNTAIN WEST FINANCIAL 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 433 $146,645,000 $338,672 $10,409 6.08%
    FHA 203 $79,445,000 $391,355 $17,302 6.55%
    VA 42 $15,450,000 $367,857 $14,329 6.54%
    USDA 2 $270,000 $135,000 $6,245 6.06%

    For 2023, Mountain West Financial's most frequently originated type of loan was Conventional, with 433 originations. Their 2nd most popular type was FHA, with 203 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 601 $219,005,000 $364,401 $13,409 6.17%
    Cash Out Refi 60 $16,910,000 $281,833 $10,049 6.92%
    Refi 19 $5,895,000 $310,263 $10,323 6.70%

    For 2023, Mountain West Financial's most frequently cited loan purpose was Home Purchase, with 601 originations. The 2nd most popular reason was Cash Out Refi, with 60 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 648 $238,660,000 $368,302 $13,098 6.34%
    15 Year 17 $2,265,000 $133,235 $11,041 6.62%
    3 Year 11 $115,000 $10,455 $0 0.00%
    20 Year 3 $565,000 $188,333 $7,375 6.96%
    10 Year 1 $205,000 $205,000 $6,491 6.63%

    For 2023, Mountain West Financial's most frequently cited loan duration was 30 Year, with 648 originations. The 2nd most popular length was 15 Year, with 17 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 384 $166,830,000 $434,453
    $<1k 70 $3,980,000 $56,857
    $3k-4k 58 $16,690,000 $287,759
    $4k-5k 57 $17,785,000 $312,018
    $1k-2k 45 $16,375,000 $363,889
    $2k-3k 40 $12,060,000 $301,500

    Mountain West Financial's average total fees were $13,098, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 384 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 373 $147,725,000 $396,046
    7-8% 175 $61,585,000 $351,914
    5-6% 74 $28,280,000 $382,162
    <2.5% 51 $1,765,000 $34,608
    4-5% 5 $2,135,000 $427,000
    Over 8% 2 $320,000 $160,000

    During 2023, Mountain West Financial's average interest rate for loans was 6.34%, while their most frequently originated rate bucket for loans was 6-7%, with 373 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 281 $86,195,000 $306,744 $11,657 6.73%
    $400k-600k 190 $92,250,000 $485,526 $15,325 6.63%
    $100k-200k 75 $11,635,000 $155,133 $6,915 6.38%
    $100,000 or less 65 $1,875,000 $28,846 $4,852 2.35%
    $600k-1MM 65 $45,455,000 $699,308 $19,188 6.79%
    $1MM+ 4 $4,400,000 $1,100,000 $18,142 6.69%

    2023 saw Mountain West Financial place emphasis on $200k-400k loans with 281 originations, totaling $86,195,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 211 $78,195,000 $370,592 $14,456 6.04%
    $75k-100k 139 $40,345,000 $290,252 $12,787 6.03%
    $150k-250k 132 $65,730,000 $497,955 $15,039 6.74%
    $50k-75k 118 $27,300,000 $231,356 $10,129 6.12%
    $50k or less 44 $6,000,000 $136,364 $7,110 6.20%
    $250k+ 36 $24,240,000 $673,333 $15,020 7.04%

    Mountain West Financial lent most frequently to those with incomes in the $100k-150k range, with 211 originations. The second most popular income band? $75k-100k, with 139 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    50-60% 93 $36,955,000 $397,366 $17,223 6.45%
    49% 77 $26,625,000 $345,779 $13,760 5.96%
    30-36% 58 $19,480,000 $335,862 $10,031 6.54%
    48% 57 $18,875,000 $331,140 $14,304 5.85%
    44% 47 $16,305,000 $346,915 $11,952 5.96%
    20-30% 36 $13,140,000 $365,000 $9,357 6.94%
    46% 34 $12,700,000 $373,529 $14,106 6.33%
    39% 33 $10,265,000 $311,061 $10,730 6.15%
    47% 32 $11,280,000 $352,500 $13,105 6.24%
    45% 32 $10,160,000 $317,500 $10,710 6.24%
    42% 30 $9,280,000 $309,333 $11,077 6.00%
    43% 27 $11,645,000 $431,296 $13,429 6.38%
    40% 26 $8,750,000 $336,538 $10,362 6.03%
    38% 26 $10,410,000 $400,385 $13,747 6.24%
    37% 26 $9,640,000 $370,769 $13,374 6.08%
    41% 22 $7,020,000 $319,091 $13,241 6.15%
    36% 14 $6,450,000 $460,714 $13,462 7.03%
    <20% 10 $2,830,000 $283,000 $12,693 6.74%

    Mountain West Financial lent most frequently to those with DTI ratios of 50-60%, with 93 originations. The next most common DTI ratio? 49%, with 77 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 473 $163,175,000 $344,979 $12,633 6.26%
    Not provided 126 $46,360,000 $367,937 $13,645 6.13%
    Black 43 $16,275,000 $378,488 $14,832 6.27%
    Asian 31 $14,295,000 $461,129 $15,356 6.70%
    American Indian 4 $880,000 $220,000 $7,691 6.63%
    Native Hawaiian or Islander 3 $825,000 $275,000 $11,244 4.54%

    Approval Rates

    Total approvals of all applications
    94.37%

    Mountain West Financial has an average approval rate.

    Pick Rate

    Approvals leading to origination
    62.06%

    Mountain West Financial 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 680 $241,810,000 $355,603

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    680 $241,810,000 $355,603

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 43 $6,975,000 $162,209 $6,794 5.87%
    40-60% 50 $15,030,000 $300,600 $8,399 6.82%
    60-80% 148 $57,960,000 $391,622 $11,793 6.88%
    80-100% 369 $154,845,000 $419,634 $14,315 6.65%
    Over 100% 11 $5,275,000 $479,545 $24,505 6.56%
    Under 20% 59 $1,725,000 $29,237 $5,591 1.93%