Mountain West Financial Mortgage Rates, Fees & Info

Westlake Village, CA

LEI: 549300WEOD0TL2O6EU67

Tax ID: 33-0419992

3.8 stars - out of 5 stars, based on 79 reviews

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

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Mortgage Data

  • SimulatedRates™
  • Review & Overview

    Mountain West Financial is a small mortgage company specializing in Home Purchase, Refi, and Cash Out Refi loans. Mountain West Financial 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: Riverside, Los Angeles, Sacramento, Santa Cruz, and San Diego among others. We have data for 87 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 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.

    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 6.69% 12/4/22
    30 Year Conventional Refi 6.71% 12/4/22
    30 Year Cash-out Refi 6.85% 12/4/22
    30 Year FHA Purchase 7.94% 12/4/22
    30 Year FHA Refi 7.40% 12/4/22
    30 Year VA Purchase 6.65% 12/4/22
    30 Year VA Refi 6.34% 12/4/22
    30 Year USDA Purchase 7.11% 12/4/22
    30 Year USDA Refi 6.58% 12/4/22
    15 Year Conventional Purchase 6.18% 12/4/22
    15 Year Conventional Refi 6.00% 12/4/22
    15 Year Cash-out Refi 6.00% 12/4/22
    15 Year FHA Refi 7.26% 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

    6,280

    Origination Dollar Volume (All Markets)

    $1,930,250,000

    Awards

    MOUNTAIN WEST FINANCIAL 30 Year Conventional Loans silver MOUNTAIN WEST FINANCIAL 30 Year Conventional Loans silver
    Show all (2) awards

    Relative Rate

    Mountain West Financial's average 30 year fixed mortgage rate was 2.79%.

    The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.

    This yields a difference of -0.36%.

    Relative Fees (Closing Costs)

    Mountain West Financial's average total fees/closing costs for a 30 year fixed rate mortgage were $7,077.

    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
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 2,482 $723,060,000 $291,322 $6,613 2.82%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 572 $227,590,000 $397,885 $7,328 2.83%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 693 $207,985,000 $300,123 $6,190 2.74%
    SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 242 $115,250,000 $476,240 $4,972 2.99%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 167 $69,935,000 $418,772 $7,704 2.71%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 151 $52,095,000 $345,000 $5,284 2.65%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 117 $48,775,000 $416,880 $9,834 2.63%
    SALINAS, CA (FHA|USDA|VA) 76 $34,220,000 $450,263 $8,065 2.91%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 114 $32,660,000 $286,491 $5,329 2.94%
    GRANTS PASS, OR (FHA|USDA|VA) 116 $31,870,000 $274,741 $5,710 3.04%
    Outside of Metro Areas 102 $27,770,000 $272,255 $6,374 2.85%
    STOCKTON, CA (FHA|USDA|VA) 106 $26,550,000 $250,472 $8,983 2.38%
    BAKERSFIELD, CA (FHA|USDA|VA) 134 $26,100,000 $194,776 $7,624 2.49%
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 56 $25,520,000 $455,714 $7,205 2.80%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 70 $24,030,000 $343,286 $7,839 2.52%
    MODESTO, CA (FHA|USDA|VA) 89 $22,635,000 $254,326 $6,705 2.67%
    LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 90 $22,620,000 $251,333 $4,863 3.20%
    VALLEJO, CA (FHA|USDA|VA) 74 $20,020,000 $270,541 $10,577 2.39%
    PROVO-OREM, UT (FHA|USDA|VA) 71 $18,685,000 $263,169 $5,674 3.11%
    FRESNO, CA (FHA|USDA|VA) 100 $18,350,000 $183,500 $9,121 2.32%
    MERCED, CA (FHA|USDA|VA) 56 $14,650,000 $261,607 $6,678 2.74%
    SALT LAKE CITY, UT (FHA|USDA|VA) 48 $11,050,000 $230,208 $9,672 3.61%
    YUBA CITY, CA (FHA|USDA|VA) 40 $9,520,000 $238,000 $7,959 2.50%
    MEDFORD, OR (FHA|USDA|VA) 31 $8,535,000 $275,323 $5,820 3.14%
    LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 31 $8,255,000 $266,290 $4,224 3.00%
    SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 26 $7,250,000 $278,846 $11,764 2.25%
    LAREDO, TX (FHA|USDA|VA) 72 $6,950,000 $96,528 $7,815 1.59%
    GREELEY, CO (FHA|USDA|VA) 20 $5,590,000 $279,500 $7,071 2.43%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 38 $4,890,000 $128,684 $7,584 2.07%
    SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 13 $4,845,000 $372,692 $9,092 2.93%
    VISALIA, CA (FHA|USDA|VA) 23 $4,725,000 $205,435 $7,337 2.50%
    OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 22 $4,700,000 $213,636 $9,216 3.70%
    Ukiah, CA (FHA|USDA|VA) 17 $4,455,000 $262,059 $8,489 2.51%
    SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 14 $4,350,000 $310,714 $7,061 2.53%
    BOULDER, CO (FHA|USDA|VA) 7 $3,415,000 $487,857 $4,151 2.96%
    Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 6 $3,380,000 $563,333 $8,397 2.77%
    MADERA, CA (FHA|USDA|VA) 15 $3,275,000 $218,333 $5,904 2.69%
    Clearlake, CA (FHA|USDA|VA) 13 $3,255,000 $250,385 $10,448 2.60%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 9 $2,625,000 $291,667 $10,400 2.07%
    FORT COLLINS, CO (FHA|USDA|VA) 9 $2,395,000 $266,111 $6,814 2.40%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 10 $2,320,000 $232,000 $8,132 2.31%
    RENO, NV (FHA|USDA|VA) 6 $2,260,000 $376,667 $2,953 2.92%
    CHICO, CA (FHA|USDA|VA) 9 $2,055,000 $228,333 $5,901 2.51%
    Astoria, OR (FHA|USDA|VA) 6 $1,900,000 $316,667 $6,973 2.71%
    Sonora, CA (FHA|USDA|VA) 7 $1,785,000 $255,000 $4,958 3.11%
    PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 4 $1,720,000 $430,000 $4,458 3.22%
    Gardnerville Ranchos, NV (FHA|USDA|VA) 2 $1,680,000 $840,000 $21,249 3.00%
    Truckee-Grass Valley, CA (FHA|USDA|VA) 5 $1,645,000 $329,000 $4,004 2.90%
    TUCSON, AZ (FHA|USDA|VA) 5 $1,525,000 $305,000 $4,824 3.07%
    Heber, UT (FHA|USDA|VA) 3 $1,145,000 $381,667 $3,420 3.08%
    ST. GEORGE, UT (FHA|USDA|VA) 5 $1,095,000 $219,000 $8,811 4.23%
    NAPA, CA (FHA|USDA|VA) 3 $1,025,000 $341,667 $5,169 2.83%
    FLAGSTAFF, AZ (FHA|USDA|VA) 4 $970,000 $242,500 $3,850 2.81%
    REDDING, CA (FHA|USDA|VA) 4 $920,000 $230,000 $7,010 2.41%
    HANFORD-CORCORAN, CA (FHA|USDA|VA) 4 $890,000 $222,500 $5,761 2.84%
    YUMA, AZ (FHA|USDA|VA) 3 $815,000 $271,667 $6,483 3.04%
    EL CENTRO, CA (FHA|USDA|VA) 6 $770,000 $128,333 $7,517 2.19%
    Roseburg, OR (FHA|USDA|VA) 3 $725,000 $241,667 $5,801 2.91%
    Eureka-Arcata, CA (FHA|USDA|VA) 3 $715,000 $238,333 $8,870 2.79%
    Cedar City, UT (FHA|USDA|VA) 3 $695,000 $231,667 $15,676 3.79%
    Brookings, OR (FHA|USDA|VA) 2 $620,000 $310,000 $10,175 2.75%
    PUEBLO, CO (FHA|USDA|VA) 4 $600,000 $150,000 $6,707 2.63%
    EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 2 $590,000 $295,000 $2,906 2.75%
    Fort Morgan, CO (FHA|USDA|VA) 4 $540,000 $135,000 $10,544 1.63%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 3 $535,000 $178,333 $5,312 3.04%
    KILLEEN-TEMPLE, TX (FHA|USDA|VA) 2 $500,000 $250,000 $3,827 3.31%
    Show Low, AZ (FHA|USDA|VA) 3 $495,000 $165,000 $9,722 2.46%
    Vernal, UT (FHA|USDA|VA) 3 $485,000 $161,667 $8,867 3.92%
    Payson, AZ (FHA|USDA|VA) 4 $480,000 $120,000 $4,302 3.81%
    ODESSA, TX (FHA|USDA|VA) 4 $470,000 $117,500 $8,600 1.63%
    BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 3 $445,000 $148,333 $8,498 2.17%
    Coos Bay, OR (FHA|USDA|VA) 2 $420,000 $210,000 $4,885 2.94%
    SALEM, OR (FHA|USDA|VA) 1 $335,000 $335,000 $5,815 2.99%
    BEND, OR (FHA|USDA|VA) 1 $325,000 $325,000 $5,630 3.00%
    Pahrump, NV (FHA|USDA|VA) 1 $315,000 $315,000 $5,023 3.38%
    Susanville, CA (FHA|USDA|VA) 3 $315,000 $105,000 $3,731 3.00%
    Newport, OR (FHA|USDA|VA) 1 $305,000 $305,000 $9,630 3.99%
    ALBUQUERQUE, NM (FHA|USDA|VA) 1 $265,000 $265,000 $6,779 2.38%
    Klamath Falls, OR (FHA|USDA|VA) 1 $255,000 $255,000 $5,934 2.63%
    Red Bluff, CA (FHA|USDA|VA) 1 $255,000 $255,000 $3,312 2.99%
    ALBANY-LEBANON, OR (FHA|USDA|VA) 1 $245,000 $245,000 $4,839 3.38%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $215,000 $215,000 $3,391 3.38%
    Fallon, NV (FHA|USDA|VA) 1 $205,000 $205,000 $4,156 3.13%
    Hermiston-Pendleton, OR (FHA|USDA|VA) 1 $165,000 $165,000 $3,578 3.50%
    GRAND JUNCTION, CO (FHA|USDA|VA) 1 $165,000 $165,000 $3,047 2.75%
    Price, UT (FHA|USDA|VA) 1 $125,000 $125,000 $2,285 2.63%
    PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 1 $95,000 $95,000 $4,155 3.38%
    Mountain West Financial's top markets include Riverside, Los Angeles, Sacramento, Santa Cruz, and San Diego among others.

    Their top states include:
  • California (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Oregon (FHA|USDA|VA)
  • Utah (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.

    Monterey Credit Union
    Similarity Rank: 63
    Los Angeles Federal Credit Union
    Similarity Rank: 170
    Credence Funding Corporation
    Similarity Rank: 404
    El Dorado Savings Bank, F.S.B.
    Similarity Rank: 624
    Central Bank
    Similarity Rank: 665
    USC Credit Union
    Similarity Rank: 880
    ALTURA
    Similarity Rank: 923
    First City Credit Union
    Similarity Rank: 924
    MYPOINT Credit Union
    Similarity Rank: 924
    COASTHILLS
    Similarity Rank: 935

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 5,207 $1,553,315,000 $298,313 $5,300 2.71%
    FHA 909 $313,135,000 $344,483 $13,492 3.12%
    VA 145 $59,225,000 $408,448 $8,531 2.72%
    USDA 19 $4,575,000 $240,789 $7,598 2.90%

    For 2021, Mountain West Financial's most frequently originated type of loan was Conventional, with 5,207 originations. Their 2nd most popular type was FHA, with 909 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 2,862 $825,460,000 $288,421 $9,453 2.54%
    Refi 1,722 $557,190,000 $323,571 $4,664 2.86%
    Cash Out Refi 1,696 $547,600,000 $322,877 $5,436 3.08%

    For 2021, Mountain West Financial's most frequently cited loan purpose was Home Purchase, with 2,862 originations. The 2nd most popular reason was Refi, with 1,722 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 5,647 $1,773,245,000 $314,015 $7,077 2.79%
    15 Year 350 $84,590,000 $241,686 $4,079 2.47%
    20 Year 218 $55,440,000 $254,312 $4,082 2.91%
    Other 45 $13,305,000 $295,667 $4,256 2.89%
    10 Year 19 $3,665,000 $192,895 $3,820 2.45%
    3 Year 1 $5,000 $5,000 $0 0.00%

    For 2021, Mountain West Financial's most frequently cited loan duration was 30 Year, with 5,647 originations. The 2nd most popular length was 15 Year, with 350 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 1,784 $599,190,000 $335,869
    $<1k 1,539 $276,245,000 $179,496
    $5k+ 1,163 $475,845,000 $409,153
    $2k-3k 869 $269,715,000 $310,374
    $3k-4k 560 $182,830,000 $326,482
    $4k-5k 365 $126,425,000 $346,370

    Mountain West Financial's average total fees were $7,077, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 1,784 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 2,812 $984,660,000 $350,164
    3-4% 2,131 $751,795,000 $352,790
    <2.5% 1,200 $155,370,000 $129,475
    4-5% 118 $35,620,000 $301,864
    5-6% 19 $2,805,000 $147,632

    During 2021, Mountain West Financial's average interest rate for loans was 2.79%, while their most frequently originated rate bucket for loans was 2.5-3%, with 2,812 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 3,037 $906,245,000 $298,401 $6,448 3.05%
    $400k-600k 1,438 $686,490,000 $477,392 $8,186 3.06%
    $100,000 or less 795 $13,155,000 $16,547 $3,463 0.89%
    $100k-200k 742 $117,570,000 $158,450 $4,296 2.98%
    $600k-1MM 243 $174,505,000 $718,128 $9,528 3.10%
    $1MM+ 25 $32,285,000 $1,291,400 $11,291 2.94%

    2021 saw Mountain West Financial place emphasis on $200k-400k loans with 3,037 originations, totaling $906,245,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 1,620 $557,450,000 $344,105 $7,194 2.76%
    $75k-100k 1,529 $445,925,000 $291,645 $7,155 2.70%
    $50k-75k 1,517 $359,365,000 $236,892 $6,490 2.74%
    $150k-250k 698 $307,740,000 $440,888 $6,659 3.00%
    $50k or less 631 $111,195,000 $176,220 $5,184 2.74%
    $250k+ 234 $129,600,000 $553,846 $7,326 3.03%

    Mountain West Financial lent most frequently to those with incomes in the $100k-150k range, with 1,620 originations. The second most popular income band? $75k-100k, with 1,529 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 976 $307,300,000 $314,857 $5,714 2.88%
    20-30% 813 $265,485,000 $326,550 $5,290 2.86%
    44% 532 $143,260,000 $269,286 $8,168 2.50%
    42% 358 $102,550,000 $286,453 $7,322 2.60%
    43% 349 $99,345,000 $284,656 $7,293 2.67%
    50-60% 295 $92,895,000 $314,898 $11,504 2.85%
    40% 291 $82,555,000 $283,694 $6,885 2.66%
    41% 288 $91,630,000 $318,160 $6,482 2.72%
    39% 287 $80,245,000 $279,599 $7,476 2.62%
    49% 271 $89,745,000 $331,162 $7,296 2.93%
    38% 267 $83,035,000 $310,993 $6,570 2.73%
    36% 238 $70,710,000 $297,101 $6,580 2.73%
    <20% 229 $68,955,000 $301,114 $4,745 2.88%
    37% 223 $63,675,000 $285,538 $6,400 2.72%
    48% 215 $70,015,000 $325,651 $7,131 2.88%
    45% 215 $71,345,000 $331,837 $6,735 2.95%
    47% 201 $68,535,000 $340,970 $7,595 2.87%
    46% 177 $58,045,000 $327,938 $6,909 2.91%
    >60% 4 $1,950,000 $487,500 $13,137 2.88%

    Mountain West Financial lent most frequently to those with DTI ratios of 30-36%, with 976 originations. The next most common DTI ratio? 20-30%, with 813 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 4,556 $1,388,340,000 $304,728 $6,475 2.79%
    Not provided 1,023 $327,715,000 $320,347 $6,668 2.80%
    Black 359 $94,675,000 $263,719 $10,020 2.46%
    Asian 245 $93,495,000 $381,612 $6,973 2.81%
    American Indian 62 $15,690,000 $253,065 $10,187 2.57%
    Native Hawaiian or Islander 35 $10,335,000 $295,286 $10,493 2.43%

    Approval Rates

    Total approvals of all applications
    93.34%

    Mountain West Financial has an average approval rate.

    Pick Rate

    Approvals leading to origination
    67.75%

    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 6,280 $1,930,250,000 $307,365

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    6,280 $1,930,250,000 $307,365

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 405 $86,165,000 $212,753 $4,215 2.85%
    40-60% 1,048 $321,470,000 $306,746 $4,451 2.91%
    60-80% 2,045 $747,165,000 $365,362 $5,684 3.07%
    80-100% 1,980 $750,500,000 $379,040 $9,482 3.14%
    Over 100% 27 $10,875,000 $402,778 $16,327 2.85%
    Under 20% 775 $14,075,000 $18,161 $3,369 0.83%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    MOUNTAIN WEST FINANCIAL, INC. Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 20.0%
    MOUNTAIN WEST FINANCIAL, INC. Conventional home mortgage Trouble during payment process 4 80.0%