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 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 Denver among others. We have data for 70 markets. (Some data included below & more in-depth data is available with an active subscription.)Mountain West Financial has an 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.26% | 11/17/24 |
| 30 Year Conventional Refi | 6.55% | 11/17/24 |
| 30 Year Cash-out Refi | 6.78% | 11/17/24 |
| 30 Year FHA Purchase | 7.54% | 11/17/24 |
| 30 Year FHA Refi | 7.31% | 11/17/24 |
| 30 Year VA Purchase | 6.31% | 11/17/24 |
| 30 Year USDA Purchase | 6.63% | 11/17/24 |
| 15 Year Conventional Purchase | 5.77% | 11/17/24 |
| 15 Year Conventional Refi | 6.33% | 11/17/24 |
| 15 Year Cash-out Refi | 6.33% | 11/17/24 |
| 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
1,833Origination Dollar Volume (All Markets)
$618,305,000Awards
MOUNTAIN WEST FINANCIAL - 2022
MOUNTAIN WEST FINANCIAL is a 2022 , due to their low .
For 2022, 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) | 662 | $223,510,000 | $337,628 | $10,913 | 4.29% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 176 | $78,050,000 | $443,466 | $14,755 | 4.29% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 161 | $50,355,000 | $312,764 | $11,336 | 3.69% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 55 | $29,115,000 | $529,364 | $9,923 | 4.64% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 48 | $18,170,000 | $378,542 | $7,732 | 4.59% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 30 | $15,850,000 | $528,333 | $10,085 | 4.39% |
| SALINAS, CA (FHA|USDA|VA) | 27 | $14,265,000 | $528,333 | $12,550 | 4.77% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 42 | $13,450,000 | $320,238 | $8,735 | 4.37% |
| VALLEJO, CA (FHA|USDA|VA) | 32 | $12,380,000 | $386,875 | $15,340 | 3.77% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 42 | $12,000,000 | $285,714 | $7,971 | 4.73% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 48 | $11,890,000 | $247,708 | $10,183 | 4.03% |
| GRANTS PASS, OR (FHA|USDA|VA) | 32 | $10,780,000 | $336,875 | $12,054 | 4.80% |
| STOCKTON, CA (FHA|USDA|VA) | 34 | $10,030,000 | $295,000 | $12,530 | 3.82% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 28 | $9,230,000 | $329,643 | $15,439 | 3.60% |
| MODESTO, CA (FHA|USDA|VA) | 29 | $8,355,000 | $288,103 | $10,639 | 3.36% |
| FRESNO, CA (FHA|USDA|VA) | 44 | $8,260,000 | $187,727 | $11,313 | 3.50% |
| PROVO-OREM, UT (FHA|USDA|VA) | 25 | $8,045,000 | $321,800 | $7,210 | 4.30% |
| Outside of Metro Areas | 28 | $7,870,000 | $281,071 | $8,299 | 4.44% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 26 | $7,470,000 | $287,308 | $8,955 | 4.66% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 22 | $6,700,000 | $304,545 | $14,285 | 3.74% |
| MERCED, CA (FHA|USDA|VA) | 20 | $6,510,000 | $325,500 | $10,836 | 4.32% |
| MEDFORD, OR (FHA|USDA|VA) | 18 | $5,570,000 | $309,444 | $12,503 | 4.84% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 5 | $3,325,000 | $665,000 | $7,305 | 4.95% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 6 | $3,290,000 | $548,333 | $15,023 | 5.00% |
| YUBA CITY, CA (FHA|USDA|VA) | 12 | $2,910,000 | $242,500 | $11,700 | 3.61% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 9 | $2,805,000 | $311,667 | $7,761 | 3.96% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 10 | $2,790,000 | $279,000 | $12,398 | 4.78% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 7 | $2,605,000 | $372,143 | $8,910 | 6.14% |
| MADERA, CA (FHA|USDA|VA) | 8 | $1,970,000 | $246,250 | $10,706 | 4.06% |
| CHICO, CA (FHA|USDA|VA) | 6 | $1,880,000 | $313,333 | $15,215 | 3.13% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 9 | $1,865,000 | $207,222 | $11,068 | 4.28% |
| Roseburg, OR (FHA|USDA|VA) | 7 | $1,835,000 | $262,143 | $11,053 | 4.68% |
| VISALIA, CA (FHA|USDA|VA) | 7 | $1,775,000 | $253,571 | $8,152 | 4.77% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 5 | $1,685,000 | $337,000 | $22,230 | 3.20% |
| Clearlake, CA (FHA|USDA|VA) | 11 | $1,545,000 | $140,455 | $13,770 | 2.84% |
| LAREDO, TX (FHA|USDA|VA) | 14 | $1,470,000 | $105,000 | $8,462 | 2.08% |
| HANFORD-CORCORAN, CA (FHA|USDA|VA) | 12 | $1,420,000 | $118,333 | $12,408 | 3.49% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 10 | $1,370,000 | $137,000 | $9,497 | 2.61% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 5 | $1,265,000 | $253,000 | $6,606 | 3.42% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 4 | $1,240,000 | $310,000 | $8,715 | 3.12% |
| Ukiah, CA (FHA|USDA|VA) | 3 | $1,095,000 | $365,000 | $13,333 | 4.17% |
| Red Bluff, CA (FHA|USDA|VA) | 4 | $990,000 | $247,500 | $14,163 | 4.16% |
| EL CENTRO, CA (FHA|USDA|VA) | 4 | $960,000 | $240,000 | $11,113 | 4.44% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 3 | $925,000 | $308,333 | $22,357 | 6.71% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 3 | $925,000 | $308,333 | $20,821 | 4.42% |
| GREELEY, CO (FHA|USDA|VA) | 4 | $920,000 | $230,000 | $5,213 | 4.94% |
| NAPA, CA (FHA|USDA|VA) | 1 | $635,000 | $635,000 | $22,405 | 4.88% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 1 | $605,000 | $605,000 | $3,535 | 4.88% |
| Centralia, WA (FHA|USDA|VA) | 1 | $575,000 | $575,000 | $0 | 6.63% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 5 | $575,000 | $115,000 | $8,855 | 3.30% |
| DULUTH, MN-WI (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $4,567 | 5.56% |
| Cedar City, UT (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $3,933 | 5.50% |
| BOULDER, CO (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $8,100 | 2.75% |
| Crescent City, CA (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $6,156 | 4.25% |
| BEND, OR (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $4,708 | 3.99% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $11,886 | 4.99% |
| BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $5,095 | 5.38% |
| Susanville, CA (FHA|USDA|VA) | 3 | $305,000 | $101,667 | $14,326 | 1.71% |
| Prineville, OR (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $7,487 | 3.13% |
| Eureka-Arcata, CA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $5,739 | 3.25% |
| PUEBLO, CO (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $10,426 | 2.75% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $5,635 | 7.13% |
| BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) | 2 | $170,000 | $85,000 | $8,425 | 2.38% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 3.99% |
| Lamesa, TX (FHA|USDA|VA) | 2 | $150,000 | $75,000 | $7,200 | 2.19% |
| YUMA, AZ (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $3,840 | 2.99% |
| ABILENE, TX (FHA|USDA|VA) | 2 | $130,000 | $65,000 | $6,918 | 3.19% |
| Payson, AZ (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 4.99% |
| Fallon, NV (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $4,603 | 3.50% |
| Show Low, AZ (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $4,756 | 5.63% |
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 2022, Mountain West Financial's most frequently originated type of loan was Conventional, with 1,319 originations. Their 2nd most popular type was FHA, with 449 originations.
Loan Reason
For 2022, Mountain West Financial's most frequently cited loan purpose was Home Purchase, with 1,285 originations. The 2nd most popular reason was Cash Out Refi, with 397 originations.
Loan Duration/Length
For 2022, Mountain West Financial's most frequently cited loan duration was 30 Year, with 1,769 originations. The 2nd most popular length was 15 Year, with 34 originations.
Origination Fees/Closing Costs
Mountain West Financial's average total fees were $11,317, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 777 originations.
Interest Rates
During 2022, Mountain West Financial's average interest rate for loans was 4.18%, while their most frequently originated rate bucket for loans was 3-4%, with 503 originations.
Loan Sizing
2022 saw Mountain West Financial place emphasis on $200k-400k loans with 753 originations, totaling $230,155,000 in origination value.
Applicant Income
Mountain West Financial lent most frequently to those with incomes in the $100k-150k range, with 554 originations. The second most popular income band? $75k-100k, with 414 originations.
Applicant Debt to Income Ratio
Mountain West Financial lent most frequently to those with DTI ratios of 30-36%, with 201 originations. The next most common DTI ratio? 50-60%, with 199 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications88.57%
Mountain West Financial has an average approval rate.
Pick Rate
Approvals leading to origination62.30%
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 | 1,833 | $618,305,000 | $337,319 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2022 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| MOUNTAIN AMERICA FEDERAL CREDIT UNION | Home equity loan or line of credit (HELOC) | Applying for a mortgage or refinancing an existing mortgage | 1 | 100.0% |