Western Vista Mortgage Rates, Fees & Info
Cheyenne, WYLEI: 549300WRB87J6ZL6CO07
Tax ID: 83-0169225
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Mortgage Data
Review & Overview
Western Vista is a smaller mortgage company specializing in Other, Home Improvement, and Home Purchase loans. Western Vista has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets by origination volume include: Casper, Cheyenne, Dallas, Denver, and Pensacola among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)Western Vista 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. Western Vista 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 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 |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 5.21% | 11/17/24 |
| 30 Year Conventional Purchase | 6.38% | 11/17/24 |
| 30 Year Conventional Refi | 6.24% | 11/17/24 |
| 30 Year Cash-out Refi | 6.78% | 11/17/24 |
| 30 Year FHA Purchase | 6.96% | 11/17/24 |
| 30 Year VA Purchase | 5.50% | 11/17/24 |
| 30 Year USDA Purchase | 5.90% | 11/17/24 |
| 15 Year Conventional Purchase | 6.66% | 11/17/24 |
| 15 Year Conventional Refi | 6.14% | 11/17/24 |
| 15 Year Cash-out Refi | 6.14% | 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. | ||
Western Vista Mortgage Calculator
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Western Vista. 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
113Origination Dollar Volume (All Markets)
$12,185,000Relative Rate
Western Vista's average 30 year fixed mortgage rate was
6.28%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of -0.2%.
Relative Fees (Closing Costs)
Western Vista's average total fees/closing costs for a 30 year fixed rate
mortgage were $6,098.
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 |
|---|---|---|---|---|---|
| CASPER, WY (FHA|USDA|VA) | 53 | $5,255,000 | $99,151 | $1,568 | 7.84% |
| CHEYENNE, WY (FHA|USDA|VA) | 26 | $3,250,000 | $125,000 | $2,288 | 6.77% |
| Outside of Metro Areas | 27 | $2,365,000 | $87,593 | $737 | 8.53% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $0 | 11.50% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $5,796 | 6.99% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $5,036 | 5.99% |
| FORT COLLINS, CO (FHA|USDA|VA) | 2 | $170,000 | $85,000 | $0 | 7.75% |
| GREELEY, CO (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 7.75% |
| Evanston, WY (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 9.50% |
Similar Lenders
We use machine learning to identify the top lenders compared against WESTERN VISTA based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 126
Similarity Rank: 255
Similarity Rank: 546
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Similarity Rank: 1480
Similarity Rank: 1778
Similarity Rank: 1980
Similarity Rank: 2910
Similarity Rank: 3564
Similarity Rank: 3894
Product Mix
For 2023, Western Vista's most frequently originated type of loan was Conventional, with 66 originations. Their 2nd most popular type was HELOC, with 44 originations.
Loan Reason
For 2023, Western Vista's most frequently cited loan purpose was Other, with 45 originations. The 2nd most popular reason was Home Improvement, with 35 originations.
Loan Duration/Length
For 2023, Western Vista's most frequently cited loan duration was Other, with 50 originations. The 2nd most popular length was 15 Year, with 45 originations.
Origination Fees/Closing Costs
Western Vista's average total fees were $6,098, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 49 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 52 | $5,070,000 | $97,500 |
| 7-8% | 26 | $1,820,000 | $70,000 |
| 6-7% | 19 | $2,935,000 | $154,474 |
| 5-6% | 11 | $2,285,000 | $207,727 |
| <2.5% | 5 | $75,000 | $15,000 |
During 2023, Western Vista's average interest rate for loans was 6.28%, while their most frequently originated rate bucket for loans was Over 8%, with 52 originations.
Loan Sizing
2023 saw Western Vista place emphasis on $100,000 or less loans with 73 originations, totaling $4,045,000 in origination value.
Applicant Income
Western Vista lent most frequently to those with incomes in the $100k-150k range, with 34 originations. The second most popular income band? $50k-75k, with 24 originations.
Applicant Debt to Income Ratio
Western Vista lent most frequently to those with DTI ratios of 30-36%, with 25 originations. The next most common DTI ratio? 20-30%, with 20 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications83.87%
Western Vista has a below average approval rate.
Pick Rate
Approvals leading to origination61.95%
Western Vista 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 | 113 | $12,185,000 | $107,832 |