Mountain West Financial Mortgage Rates, Fees & Info
Westlake Village, CALEI: 549300WEOD0TL2O6EU67
Tax ID: 33-0419992
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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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.26% | 10/29/24 |
| 30 Year Conventional Refi | 6.55% | 10/29/24 |
| 30 Year Cash-out Refi | 6.78% | 10/29/24 |
| 30 Year FHA Purchase | 7.54% | 10/29/24 |
| 30 Year FHA Refi | 7.31% | 10/29/24 |
| 30 Year VA Purchase | 6.31% | 10/29/24 |
| 30 Year USDA Purchase | 6.63% | 10/29/24 |
| 15 Year Conventional Purchase | 5.77% | 10/29/24 |
| 15 Year Conventional Refi | 6.33% | 10/29/24 |
| 15 Year Cash-out Refi | 6.33% | 10/29/24 |
| 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
680Origination Dollar Volume (All Markets)
$241,810,000Awards
MOUNTAIN WEST FINANCIAL - 2023
MOUNTAIN WEST FINANCIAL is a 2023 , due to their low .
For 2023, less than of lenders were eligible for this award.
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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% |
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
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
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
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
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
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
2023 saw Mountain West Financial place emphasis on $200k-400k loans with 281 originations, totaling $86,195,000 in origination value.
Applicant Income
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
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
Approval Rates
Total approvals of all applications94.37%
Mountain West Financial has an average approval rate.
Pick Rate
Approvals leading to origination62.06%
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 |