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 small 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, San Diego, and Santa Cruz among others. We have data for 66 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 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 | 6.26% | 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
5,740Origination Dollar Volume (All Markets)
$1,369,170,000Awards
MOUNTAIN WEST FINANCIAL - 2018
MOUNTAIN WEST FINANCIAL is a 2018 , due to their low .
For 2018, less than of lenders were eligible for this award.
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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) | 2,467 | $544,405,000 | $220,675 | $8,071 | 4.63% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 721 | $230,835,000 | $320,160 | $9,130 | 4.66% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 930 | $210,050,000 | $225,860 | $7,692 | 4.56% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 190 | $50,830,000 | $267,526 | $11,156 | 4.32% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 102 | $48,300,000 | $473,529 | $7,339 | 4.84% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 122 | $38,200,000 | $313,115 | $10,592 | 4.64% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 121 | $24,785,000 | $204,835 | $6,216 | 5.17% |
| STOCKTON, CA (FHA|USDA|VA) | 114 | $19,760,000 | $173,333 | $8,264 | 4.38% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 130 | $19,680,000 | $151,385 | $7,493 | 4.64% |
| FRESNO, CA (FHA|USDA|VA) | 112 | $15,390,000 | $137,411 | $7,757 | 4.34% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 63 | $13,935,000 | $221,190 | $7,130 | 4.92% |
| VALLEJO, CA (FHA|USDA|VA) | 55 | $13,545,000 | $246,273 | $9,801 | 4.34% |
| MODESTO, CA (FHA|USDA|VA) | 65 | $13,405,000 | $206,231 | $7,028 | 4.61% |
| Outside of Metro Areas | 74 | $13,230,000 | $178,784 | $5,759 | 4.61% |
| SALINAS, CA (FHA|USDA|VA) | 33 | $12,845,000 | $389,242 | $8,763 | 4.76% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 44 | $11,870,000 | $269,773 | $6,171 | 5.06% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 19 | $9,995,000 | $526,053 | $10,311 | 4.60% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 23 | $8,985,000 | $390,652 | $11,871 | 4.59% |
| GRANTS PASS, OR (FHA|USDA|VA) | 33 | $6,995,000 | $211,970 | $5,585 | 5.09% |
| MERCED, CA (FHA|USDA|VA) | 54 | $6,960,000 | $128,889 | $8,774 | 4.47% |
| YUBA CITY, CA (FHA|USDA|VA) | 38 | $5,980,000 | $157,368 | $9,143 | 4.44% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 9 | $3,505,000 | $389,444 | $6,244 | 5.11% |
| CHICO, CA (FHA|USDA|VA) | 20 | $3,220,000 | $161,000 | $8,688 | 4.30% |
| VISALIA, CA (FHA|USDA|VA) | 21 | $2,985,000 | $142,143 | $9,295 | 4.00% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 6 | $2,960,000 | $493,333 | $6,518 | 4.83% |
| GREELEY, CO (FHA|USDA|VA) | 12 | $2,800,000 | $233,333 | $6,343 | 5.07% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 8 | $2,690,000 | $336,250 | $9,867 | 4.75% |
| MADERA, CA (FHA|USDA|VA) | 14 | $2,450,000 | $175,000 | $7,896 | 4.44% |
| HANFORD-CORCORAN, CA (FHA|USDA|VA) | 18 | $2,050,000 | $113,889 | $6,163 | 4.71% |
| NAPA, CA (FHA|USDA|VA) | 5 | $2,025,000 | $405,000 | $8,428 | 4.53% |
| RENO, NV (FHA|USDA|VA) | 6 | $1,950,000 | $325,000 | $7,000 | 4.67% |
| Clearlake, CA (FHA|USDA|VA) | 10 | $1,940,000 | $194,000 | $7,816 | 4.93% |
| MEDFORD, OR (FHA|USDA|VA) | 8 | $1,920,000 | $240,000 | $5,846 | 5.31% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 10 | $1,820,000 | $182,000 | $11,717 | 3.89% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 6 | $1,330,000 | $221,667 | $7,181 | 5.02% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 5 | $1,175,000 | $235,000 | $6,165 | 4.43% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 2 | $1,100,000 | $550,000 | $12,429 | 5.31% |
| EL CENTRO, CA (FHA|USDA|VA) | 8 | $1,090,000 | $136,250 | $6,448 | 4.80% |
| Eureka-Arcata, CA (FHA|USDA|VA) | 8 | $1,080,000 | $135,000 | $12,133 | 4.21% |
| BOULDER, CO (FHA|USDA|VA) | 3 | $1,055,000 | $351,667 | $9,930 | 4.71% |
| Ukiah, CA (FHA|USDA|VA) | 3 | $1,015,000 | $338,333 | $6,475 | 5.21% |
| FORT COLLINS, CO (FHA|USDA|VA) | 4 | $970,000 | $242,500 | $4,046 | 4.96% |
| Roseburg, OR (FHA|USDA|VA) | 5 | $935,000 | $187,000 | $6,662 | 4.45% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 4 | $860,000 | $215,000 | $6,382 | 4.96% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 4 | $750,000 | $187,500 | $5,886 | 4.87% |
| REDDING, CA (FHA|USDA|VA) | 4 | $520,000 | $130,000 | $7,203 | 5.08% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $7,918 | 4.63% |
| Susanville, CA (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $6,227 | 4.56% |
| Sonora, CA (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $6,400 | 4.63% |
| Gardnerville Ranchos, NV (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $7,305 | 5.38% |
| Crescent City, CA (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $6,011 | 4.93% |
| Red Bluff, CA (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $3,756 | 5.63% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $4,436 | 4.00% |
| Pahrump, NV (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $5,422 | 5.50% |
| GRAND JUNCTION, CO (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $6,777 | 5.25% |
| LONGVIEW, TX (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $6,135 | 4.75% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $9,453 | 5.63% |
| MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $7,439 | 5.00% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $5,691 | 4.63% |
| EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $5,907 | 4.50% |
| Brookings, OR (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $4,691 | 5.25% |
| Payson, AZ (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $9,942 | 4.75% |
| Coos Bay, OR (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $7,853 | 4.63% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $4,790 | 4.88% |
| Hermiston-Pendleton, OR (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,406 | 4.75% |
| Silver City, NM (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $4,376 | 5.25% |
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 2018, Mountain West Financial's most frequently originated type of loan was Conventional, with 3,996 originations. Their 2nd most popular type was FHA, with 1,470 originations.
Loan Reason
For 2018, Mountain West Financial's most frequently cited loan purpose was Home Purchase, with 4,609 originations. The 2nd most popular reason was Cash Out Refi, with 845 originations.
Loan Duration/Length
For 2018, Mountain West Financial's most frequently cited loan duration was 30 Year, with 5,579 originations. The 2nd most popular length was 20 Year, with 77 originations.
Origination Fees/Closing Costs
Mountain West Financial's average total fees were $8,259, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,868 originations.
Interest Rates
During 2018, Mountain West Financial's average interest rate for loans was 4.63%, while their most frequently originated rate bucket for loans was 4-5%, with 2,621 originations.
Loan Sizing
2018 saw Mountain West Financial place emphasis on $200k-400k loans with 2,737 originations, totaling $790,995,000 in origination value.
Applicant Income
Mountain West Financial lent most frequently to those with incomes in the $50k-75k range, with 1,727 originations. The second most popular income band? $75k-100k, with 1,521 originations.
Applicant Debt to Income Ratio
Mountain West Financial lent most frequently to those with DTI ratios of 44%, with 793 originations. The next most common DTI ratio? 30-36%, with 630 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications90.24%
Mountain West Financial has an average approval rate.
Pick Rate
Approvals leading to origination60.37%
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 | 5,740 | $1,369,170,000 | $238,531 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 86 | $13,230,000 | $153,837 |
| Single Family (1-4 Units):Site-Built | 5,654 | $1,355,940,000 | $239,820 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| MOUNTAIN WEST FINANCIAL, INC. | Conventional home mortgage | Trouble during payment process | 1 | 50.0% |
| MOUNTAIN WEST FINANCIAL, INC. | FHA mortgage | Trouble during payment process | 1 | 50.0% |