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, 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 95 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
9,960Origination Dollar Volume (All Markets)
$2,759,230,000Awards
MOUNTAIN WEST FINANCIAL - 2020
MOUNTAIN WEST FINANCIAL is a 2020 , due to their low .
For 2020, 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) | 3,645 | $935,555,000 | $256,668 | $6,949 | 2.93% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 1,186 | $440,750,000 | $371,627 | $7,800 | 2.97% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 1,584 | $433,630,000 | $273,756 | $6,420 | 2.83% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 276 | $123,130,000 | $446,123 | $5,370 | 3.23% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 237 | $90,055,000 | $379,979 | $9,200 | 2.87% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 217 | $67,085,000 | $309,147 | $4,768 | 2.97% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 163 | $63,055,000 | $386,840 | $8,556 | 2.87% |
| VALLEJO, CA (FHA|USDA|VA) | 186 | $49,810,000 | $267,796 | $10,419 | 2.65% |
| SALINAS, CA (FHA|USDA|VA) | 119 | $45,335,000 | $380,966 | $7,340 | 3.15% |
| Outside of Metro Areas | 186 | $43,990,000 | $236,505 | $5,370 | 3.11% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 225 | $36,765,000 | $163,400 | $8,205 | 2.53% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 103 | $35,305,000 | $342,767 | $8,912 | 2.92% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 138 | $31,130,000 | $225,580 | $5,818 | 2.78% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 78 | $31,110,000 | $398,846 | $7,584 | 3.01% |
| FRESNO, CA (FHA|USDA|VA) | 201 | $30,125,000 | $149,876 | $9,507 | 2.29% |
| STOCKTON, CA (FHA|USDA|VA) | 133 | $28,985,000 | $217,932 | $9,366 | 2.40% |
| GRANTS PASS, OR (FHA|USDA|VA) | 110 | $28,570,000 | $259,727 | $5,617 | 3.24% |
| MODESTO, CA (FHA|USDA|VA) | 150 | $28,570,000 | $190,467 | $8,573 | 2.43% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 102 | $26,930,000 | $264,020 | $6,005 | 3.41% |
| PROVO-OREM, UT (FHA|USDA|VA) | 101 | $26,855,000 | $265,891 | $4,638 | 3.25% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 57 | $13,235,000 | $232,193 | $4,652 | 3.14% |
| MERCED, CA (FHA|USDA|VA) | 55 | $8,935,000 | $162,455 | $9,356 | 2.42% |
| YUBA CITY, CA (FHA|USDA|VA) | 47 | $8,365,000 | $177,979 | $7,529 | 2.53% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 20 | $8,250,000 | $412,500 | $9,307 | 3.16% |
| GREELEY, CO (FHA|USDA|VA) | 25 | $7,935,000 | $317,400 | $5,002 | 2.84% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 85 | $7,705,000 | $90,647 | $7,989 | 1.83% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 15 | $6,135,000 | $409,000 | $7,760 | 3.12% |
| MADERA, CA (FHA|USDA|VA) | 33 | $5,835,000 | $176,818 | $8,147 | 2.59% |
| VISALIA, CA (FHA|USDA|VA) | 38 | $5,580,000 | $146,842 | $8,777 | 2.24% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 18 | $5,020,000 | $278,889 | $7,888 | 3.47% |
| CHICO, CA (FHA|USDA|VA) | 21 | $4,025,000 | $191,667 | $7,448 | 2.59% |
| EL CENTRO, CA (FHA|USDA|VA) | 35 | $3,935,000 | $112,429 | $10,131 | 2.22% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 15 | $3,915,000 | $261,000 | $8,279 | 2.63% |
| FORT COLLINS, CO (FHA|USDA|VA) | 15 | $3,855,000 | $257,000 | $5,336 | 2.53% |
| MEDFORD, OR (FHA|USDA|VA) | 15 | $3,825,000 | $255,000 | $6,370 | 3.31% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 16 | $3,790,000 | $236,875 | $5,339 | 3.17% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 22 | $3,580,000 | $162,727 | $8,551 | 2.02% |
| LAREDO, TX (FHA|USDA|VA) | 38 | $3,430,000 | $90,263 | $7,824 | 1.72% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 9 | $3,245,000 | $360,556 | $6,097 | 3.32% |
| ST. GEORGE, UT (FHA|USDA|VA) | 11 | $3,175,000 | $288,636 | $3,666 | 3.16% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 13 | $2,925,000 | $225,000 | $7,019 | 2.48% |
| NAPA, CA (FHA|USDA|VA) | 8 | $2,920,000 | $365,000 | $6,520 | 3.55% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 9 | $2,895,000 | $321,667 | $5,967 | 3.14% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 8 | $2,810,000 | $351,250 | $5,658 | 3.42% |
| Hermiston-Pendleton, OR (FHA|USDA|VA) | 14 | $2,810,000 | $200,714 | $8,816 | 3.71% |
| Sonora, CA (FHA|USDA|VA) | 23 | $2,805,000 | $121,957 | $9,281 | 2.18% |
| HANFORD-CORCORAN, CA (FHA|USDA|VA) | 16 | $2,710,000 | $169,375 | $6,507 | 2.90% |
| Clearlake, CA (FHA|USDA|VA) | 15 | $2,485,000 | $165,667 | $7,853 | 2.47% |
| Ukiah, CA (FHA|USDA|VA) | 9 | $2,335,000 | $259,444 | $10,040 | 2.94% |
| REDDING, CA (FHA|USDA|VA) | 10 | $2,220,000 | $222,000 | $5,918 | 3.56% |
| Astoria, OR (FHA|USDA|VA) | 6 | $1,620,000 | $270,000 | $3,693 | 3.23% |
| TUCSON, AZ (FHA|USDA|VA) | 10 | $1,590,000 | $159,000 | $4,613 | 3.49% |
| BOULDER, CO (FHA|USDA|VA) | 4 | $1,340,000 | $335,000 | $3,286 | 3.15% |
| SALEM, OR (FHA|USDA|VA) | 5 | $1,305,000 | $261,000 | $9,989 | 3.48% |
| Red Bluff, CA (FHA|USDA|VA) | 4 | $1,190,000 | $297,500 | $7,482 | 3.53% |
| RENO, NV (FHA|USDA|VA) | 3 | $1,005,000 | $335,000 | $4,677 | 2.54% |
| Roseburg, OR (FHA|USDA|VA) | 4 | $860,000 | $215,000 | $6,809 | 3.59% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 7 | $855,000 | $122,143 | $8,024 | 2.00% |
| Breckenridge, CO (FHA|USDA|VA) | 2 | $820,000 | $410,000 | $4,252 | 3.44% |
| LOGAN, UT-ID (FHA|USDA|VA) | 4 | $780,000 | $195,000 | $6,703 | 3.63% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 2 | $660,000 | $330,000 | $12,440 | 3.06% |
| Heber, UT (FHA|USDA|VA) | 2 | $600,000 | $300,000 | $4,273 | 2.99% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 3 | $555,000 | $185,000 | $4,878 | 3.12% |
| Susanville, CA (FHA|USDA|VA) | 3 | $545,000 | $181,667 | $4,917 | 3.21% |
| Eureka-Arcata, CA (FHA|USDA|VA) | 3 | $515,000 | $171,667 | $10,602 | 2.00% |
| Price, UT (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $7,786 | 3.19% |
| Cedar City, UT (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $6,633 | 3.56% |
| FLAGSTAFF, AZ (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $9,603 | 3.13% |
| LONGVIEW, TX (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $9,986 | 3.50% |
| ODESSA, TX (FHA|USDA|VA) | 4 | $400,000 | $100,000 | $5,504 | 2.59% |
| Brookings, OR (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $13,921 | 2.88% |
| EL PASO, TX (FHA|USDA|VA) | 4 | $340,000 | $85,000 | $7,032 | 1.44% |
| BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $5,513 | 3.50% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $9,180 | 1.94% |
| Edwards, CO (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $3,216 | 3.25% |
| Show Low, AZ (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $11,543 | 1.75% |
| Fort Morgan, CO (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $2,312 | 3.63% |
| Crescent City, CA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $9,068 | 2.75% |
| Payson, AZ (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $4,189 | 3.12% |
| BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $8,085 | 1.44% |
| The Dalles, OR (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $3,598 | 2.88% |
| EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,927 | 3.38% |
| Pahrump, NV (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,137 | 2.99% |
| GRAND JUNCTION, CO (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,883 | 5.25% |
| Granbury, TX (FHA|USDA|VA) | 2 | $200,000 | $100,000 | $8,147 | 2.56% |
| Klamath Falls, OR (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $5,178 | 2.63% |
| TYLER, TX (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $9,469 | 3.75% |
| Vernal, UT (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $3,628 | 2.63% |
| MIDLAND, TX (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $5,620 | 3.63% |
| YUMA, AZ (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $9,331 | 3.75% |
| MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,959 | 3.50% |
| PUEBLO, CO (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,526 | 2.88% |
| BEND, OR (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $5,135 | 3.88% |
| Coos Bay, OR (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $4,636 | 2.75% |
| Cañon City, CO (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $2,857 | 3.25% |
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Product Mix
For 2020, Mountain West Financial's most frequently originated type of loan was Conventional, with 7,900 originations. Their 2nd most popular type was FHA, with 1,734 originations.
Loan Reason
For 2020, Mountain West Financial's most frequently cited loan purpose was Home Purchase, with 4,716 originations. The 2nd most popular reason was Refi, with 3,419 originations.
Loan Duration/Length
For 2020, Mountain West Financial's most frequently cited loan duration was 30 Year, with 8,824 originations. The 2nd most popular length was 15 Year, with 511 originations.
Origination Fees/Closing Costs
Mountain West Financial's average total fees were $7,523, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 2,677 originations.
Interest Rates
During 2020, Mountain West Financial's average interest rate for loans was 2.87%, while their most frequently originated rate bucket for loans was 3-4%, with 4,765 originations.
Loan Sizing
2020 saw Mountain West Financial place emphasis on $200k-400k loans with 4,961 originations, totaling $1,468,535,000 in origination value.
Applicant Income
Mountain West Financial lent most frequently to those with incomes in the $100k-150k range, with 2,602 originations. The second most popular income band? $50k-75k, with 2,555 originations.
Applicant Debt to Income Ratio
Mountain West Financial lent most frequently to those with DTI ratios of 30-36%, with 1,632 originations. The next most common DTI ratio? 20-30%, with 1,457 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.58%
Mountain West Financial has an average approval rate.
Pick Rate
Approvals leading to origination68.30%
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 | 9,960 | $2,759,230,000 | $277,031 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 177 | $28,205,000 | $159,350 |
| Single Family (1-4 Units):Site-Built | 9,783 | $2,731,025,000 | $279,160 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2020 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| MOUNTAIN WEST FINANCIAL, INC. | Conventional home mortgage | Trouble during payment process | 1 | 25.0% |
| MOUNTAIN WEST FINANCIAL, INC. | FHA mortgage | Closing on a mortgage | 2 | 50.0% |
| MOUNTAIN WEST FINANCIAL, INC. | FHA mortgage | Trouble during payment process | 1 | 25.0% |