Goldwater Bank N.a. Mortgage Rates, Fees & Info

Phoenix, AZ

LEI: 549300X08QKYUH256I80

Tax ID: 20-8594440

4.4 stars - Updated: 5/14/24 - out of 5 stars, based on 29 reviews

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

Review & Overview

Goldwater Bank N.a. is a smaller bank specializing in Home Purchase loans. Goldwater Bank N.a. 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: Minneapolis, Atlanta, Phoenix, Port St. Lucie, and Houston among others. We have data for 137 markets. (Some data included below & more in-depth data is available with an active subscription.)

Goldwater Bank N.a. 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. Goldwater Bank N.a. 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 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.

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 6.96% 5/14/24
30 Year Conventional Refi 6.55% 5/14/24
30 Year Cash-out Refi 6.83% 5/14/24
30 Year FHA Purchase 7.58% 5/14/24
30 Year FHA Refi 7.19% 5/14/24
30 Year VA Purchase 6.68% 5/14/24
30 Year VA Refi 6.48% 5/14/24
30 Year USDA Purchase 7.00% 5/14/24
30 Year USDA Refi 6.27% 5/14/24
15 Year Conventional Purchase 6.48% 5/14/24
15 Year Conventional Refi 6.10% 5/14/24
15 Year Cash-out Refi 6.10% 5/14/24
15 Year FHA Refi 5.68% 5/14/24
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.

Goldwater Bank N.a. Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Goldwater Bank N.a.. 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

823

Origination Dollar Volume (All Markets)

$256,605,000

Awards

Goldwater Bank N.A. FHA Loans bronze
Show all (1) awards

Relative Rate

Goldwater Bank N.a.'s average 30 year fixed mortgage rate was 6.76%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of 0.28%.

Relative Fees (Closing Costs)

Goldwater Bank N.a.'s average total fees/closing costs for a 30 year fixed rate mortgage were $8,884.

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
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 202 $54,760,000 $271,089 $8,005 6.54%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 171 $48,365,000 $282,836 $7,890 6.97%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 25 $18,325,000 $733,000 $10,696 7.58%
PORT ST. LUCIE, FL (FHA|USDA|VA) 33 $12,755,000 $386,515 $8,806 7.24%
Outside of Metro Areas 40 $11,480,000 $287,000 $9,005 7.05%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 19 $6,025,000 $317,105 $10,228 6.76%
OCALA, FL (FHA|USDA|VA) 22 $5,400,000 $245,455 $10,230 6.53%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 11 $5,065,000 $460,455 $10,866 7.44%
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 19 $4,145,000 $218,158 $8,746 6.92%
Carlsbad-Artesia, NM (FHA|USDA|VA) 16 $3,680,000 $230,000 $7,395 7.27%
OKLAHOMA CITY, OK (FHA|USDA|VA) 13 $3,435,000 $264,231 $9,694 6.34%
Brainerd, MN (FHA|USDA|VA) 10 $3,130,000 $313,000 $5,777 6.68%
Clewiston, FL (FHA|USDA|VA) 12 $2,810,000 $234,167 $6,111 7.14%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 8 $2,680,000 $335,000 $12,146 6.81%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 8 $2,320,000 $290,000 $9,931 7.86%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 4 $2,300,000 $575,000 $8,128 7.22%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 3 $2,195,000 $731,667 $16,283 7.25%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 2 $2,060,000 $1,030,000 $11,314 7.88%
ST. GEORGE, UT (FHA|USDA|VA) 3 $2,015,000 $671,667 $9,760 6.88%
GAINESVILLE, FL (FHA|USDA|VA) 8 $1,990,000 $248,750 $9,469 7.12%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 4 $1,940,000 $485,000 $8,794 7.56%
HAMMOND, LA (FHA|USDA|VA) 6 $1,790,000 $298,333 $9,555 6.98%
ALBUQUERQUE, NM (FHA|USDA|VA) 5 $1,785,000 $357,000 $6,531 7.18%
PUNTA GORDA, FL (FHA|USDA|VA) 4 $1,650,000 $412,500 $11,020 8.75%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 6 $1,630,000 $271,667 $7,925 6.88%
TUCSON, AZ (FHA|USDA|VA) 3 $1,605,000 $535,000 $15,618 7.16%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 4 $1,510,000 $377,500 $12,156 6.66%
LAS CRUCES, NM (FHA|USDA|VA) 2 $1,160,000 $580,000 $16,104 8.06%
KANSAS CITY, MO-KS (FHA|USDA|VA) 3 $1,125,000 $375,000 $13,155 7.33%
OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 2 $1,090,000 $545,000 $6,936 6.56%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 1 $1,085,000 $1,085,000 $14,418 7.00%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 2 $1,030,000 $515,000 $16,114 6.50%
PROVO-OREM, UT (FHA|USDA|VA) 2 $980,000 $490,000 $9,843 6.50%
BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 3 $975,000 $325,000 $6,852 7.00%
Aberdeen, SD (FHA|USDA|VA) 5 $935,000 $187,000 $7,496 7.05%
COLORADO SPRINGS, CO (FHA|USDA|VA) 1 $925,000 $925,000 $4,083 8.00%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 3 $915,000 $305,000 $10,442 6.54%
SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 2 $910,000 $455,000 $0 7.82%
BEND, OR (FHA|USDA|VA) 2 $910,000 $455,000 $11,968 6.88%
LOUISVILLE, KY (FHA|USDA|VA) 2 $880,000 $440,000 $12,311 8.12%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 3 $865,000 $288,333 $13,973 6.92%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 2 $850,000 $425,000 $16,494 6.06%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 1 $825,000 $825,000 $8,894 7.49%
JACKSONVILLE, FL (FHA|USDA|VA) 3 $795,000 $265,000 $12,305 8.49%
GAINESVILLE, GA (FHA|USDA|VA) 3 $745,000 $248,333 $7,903 7.08%
RAPID CITY, SD (FHA|USDA|VA) 1 $715,000 $715,000 $12,947 8.49%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 1 $715,000 $715,000 $12,400 7.50%
ST. CLOUD, MN (FHA|USDA|VA) 4 $710,000 $177,500 $4,747 6.38%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 1 $695,000 $695,000 $11,298 6.25%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 4 $690,000 $172,500 $6,850 6.38%
SAVANNAH, GA (FHA|USDA|VA) 2 $690,000 $345,000 $6,847 5.94%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 2 $690,000 $345,000 $5,556 7.94%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $665,000 $665,000 $11,051 8.49%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 1 $655,000 $655,000 $12,217 6.75%
MOBILE, AL (FHA|USDA|VA) 1 $635,000 $635,000 $11,336 8.49%
HUNTSVILLE, AL (FHA|USDA|VA) 1 $625,000 $625,000 $5,574 6.25%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 2 $620,000 $310,000 $9,893 6.88%
Sebastian-Vero Beach, FL (FHA|USDA|VA) 2 $600,000 $300,000 $8,224 6.25%
GADSDEN, AL (FHA|USDA|VA) 3 $585,000 $195,000 $7,386 6.63%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 3 $585,000 $195,000 $7,360 6.38%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 1 $585,000 $585,000 $21,023 6.25%
KNOXVILLE, TN (FHA|USDA|VA) 2 $570,000 $285,000 $8,676 8.25%
Cedar City, UT (FHA|USDA|VA) 1 $535,000 $535,000 $14,296 6.00%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 2 $530,000 $265,000 $4,828 6.88%
CHARLOTTESVILLE, VA (FHA|USDA|VA) 1 $515,000 $515,000 $13,912 6.00%
LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 1 $515,000 $515,000 $4,240 6.50%
COLUMBUS, OH (FHA|USDA|VA) 2 $500,000 $250,000 $9,030 6.50%
THE VILLAGES, FL (FHA|USDA|VA) 2 $480,000 $240,000 $10,193 6.31%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 1 $475,000 $475,000 $17,943 6.13%
TULSA, OK (FHA|USDA|VA) 1 $465,000 $465,000 $20,426 5.75%
KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 1 $465,000 $465,000 $21,484 6.50%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $455,000 $455,000 $11,214 8.49%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 1 $455,000 $455,000 $4,576 7.50%
MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 2 $450,000 $225,000 $5,332 7.56%
WARNER ROBINS, GA (FHA|USDA|VA) 2 $450,000 $225,000 $8,005 6.31%
Cedartown, GA (FHA|USDA|VA) 2 $440,000 $220,000 $10,251 6.69%
TYLER, TX (FHA|USDA|VA) 1 $425,000 $425,000 $6,464 6.50%
EL PASO, TX (FHA|USDA|VA) 1 $425,000 $425,000 $8,578 6.00%
COLUMBUS, IN (FHA|USDA|VA) 2 $420,000 $210,000 $7,358 6.25%
Lake City, FL (FHA|USDA|VA) 1 $405,000 $405,000 $15,587 9.63%
Crossville, TN (FHA|USDA|VA) 1 $395,000 $395,000 $13,969 9.75%
Palatka, FL (FHA|USDA|VA) 1 $395,000 $395,000 $24,625 7.25%
Hilo, HI (FHA|USDA|VA) 1 $375,000 $375,000 $12,468 6.25%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 2 $370,000 $185,000 $6,293 7.31%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 1 $365,000 $365,000 $10,210 7.75%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 1 $365,000 $365,000 $4,290 7.13%
DAYTON-KETTERING, OH (FHA|USDA|VA) 1 $355,000 $355,000 $12,228 7.25%
BURLINGTON, NC (FHA|USDA|VA) 1 $345,000 $345,000 $8,917 6.38%
ROCHESTER, MN (FHA|USDA|VA) 2 $340,000 $170,000 $6,028 6.38%
Pottsville, PA (FHA|USDA|VA) 1 $335,000 $335,000 $20,903 5.75%
Show Low, AZ (FHA|USDA|VA) 1 $325,000 $325,000 $0 9.50%
WORCESTER, MA-CT (FHA|USDA|VA) 1 $315,000 $315,000 $3,663 7.63%
DECATUR, IL (FHA|USDA|VA) 1 $305,000 $305,000 $15,252 7.25%
WEIRTON-STEUBENVILLE, WV-OH (FHA|USDA|VA) 1 $305,000 $305,000 $18,049 5.88%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 2 $290,000 $145,000 $6,121 6.44%
PANAMA CITY, FL (FHA|USDA|VA) 1 $285,000 $285,000 $12,383 6.75%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $285,000 $285,000 $14,284 6.63%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 1 $275,000 $275,000 $5,536 6.50%
TALLAHASSEE, FL (FHA|USDA|VA) 1 $275,000 $275,000 $0 9.75%
MADISON, WI (FHA|USDA|VA) 2 $270,000 $135,000 $6,504 6.44%
McAlester, OK (FHA|USDA|VA) 1 $265,000 $265,000 $12,970 6.50%
SEBRING-AVON PARK, FL (FHA|USDA|VA) 1 $255,000 $255,000 $3,627 6.50%
BOISE CITY, ID (FHA|USDA|VA) 1 $255,000 $255,000 $8,557 7.63%
Summerville, GA (FHA|USDA|VA) 1 $255,000 $255,000 $9,126 7.13%
GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 1 $245,000 $245,000 $4,925 6.13%
Palestine, TX (FHA|USDA|VA) 1 $245,000 $245,000 $7,579 5.75%
DULUTH, MN-WI (FHA|USDA|VA) 1 $245,000 $245,000 $11,091 6.75%
ELKHART-GOSHEN, IN (FHA|USDA|VA) 1 $245,000 $245,000 $4,986 7.25%
SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) 1 $245,000 $245,000 $8,371 5.25%
JANESVILLE-BELOIT, WI (FHA|USDA|VA) 1 $245,000 $245,000 $5,984 6.88%
Orangeburg, SC (FHA|USDA|VA) 1 $235,000 $235,000 $14,248 6.25%
VALDOSTA, GA (FHA|USDA|VA) 1 $235,000 $235,000 $5,155 6.13%
FLORENCE, SC (FHA|USDA|VA) 1 $225,000 $225,000 $9,674 6.63%
Calhoun, GA (FHA|USDA|VA) 1 $225,000 $225,000 $7,059 6.13%
BATON ROUGE, LA (FHA|USDA|VA) 1 $215,000 $215,000 $6,882 6.50%
ST. LOUIS, MO-IL (FHA|USDA|VA) 1 $195,000 $195,000 $7,891 7.13%
PITTSBURGH, PA (FHA|USDA|VA) 1 $195,000 $195,000 $4,628 6.50%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 2 $190,000 $95,000 $0 7.43%
APPLETON, WI (FHA|USDA|VA) 1 $185,000 $185,000 $5,646 6.75%
WICHITA, KS (FHA|USDA|VA) 1 $185,000 $185,000 $9,696 7.75%
ASHEVILLE, NC (FHA|USDA|VA) 1 $175,000 $175,000 $0 7.50%
HOUMA-THIBODAUX, LA (FHA|USDA|VA) 1 $175,000 $175,000 $6,056 6.75%
Huntsville, TX (FHA|USDA|VA) 1 $165,000 $165,000 $8,958 6.75%
Kendallville, IN (FHA|USDA|VA) 1 $165,000 $165,000 $6,165 7.63%
Brownwood, TX (FHA|USDA|VA) 1 $165,000 $165,000 $4,963 7.63%
MIDLAND, MI (FHA|USDA|VA) 1 $155,000 $155,000 $5,153 6.75%
Bogalusa, LA (FHA|USDA|VA) 1 $135,000 $135,000 $8,482 6.63%
FARMINGTON, NM (FHA|USDA|VA) 1 $125,000 $125,000 $0 5.63%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 1 $125,000 $125,000 $6,010 5.88%
Connersville, IN (FHA|USDA|VA) 1 $125,000 $125,000 $6,203 6.75%
Picayune, MS (FHA|USDA|VA) 1 $115,000 $115,000 $8,189 7.50%
New Ulm, MN (FHA|USDA|VA) 1 $115,000 $115,000 $5,673 6.75%
LOGAN, UT-ID (FHA|USDA|VA) 1 $105,000 $105,000 $4,771 7.13%
ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 1 $85,000 $85,000 $4,921 6.50%
Hannibal, MO (FHA|USDA|VA) 1 $85,000 $85,000 $4,127 7.99%
TOLEDO, OH (FHA|USDA|VA) 2 $80,000 $40,000 $0 7.13%
LAFAYETTE, LA (FHA|USDA|VA) 1 $75,000 $75,000 $0 7.00%
Goldwater Bank N.a.'s top markets include Minneapolis, Atlanta, Phoenix, Port St. Lucie, and Houston among others.

Their top states include:
  • Minnesota (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 589 $186,395,000 $316,460 $7,280 6.95%
    FHA 171 $46,095,000 $269,561 $11,861 6.72%
    VA 53 $22,115,000 $417,264 $13,149 6.93%
    USDA 10 $2,000,000 $200,000 $8,585 6.81%

    For 2023, Goldwater Bank N.a.'s most frequently originated type of loan was Conventional, with 589 originations. Their 2nd most popular type was FHA, with 171 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 690 $211,520,000 $306,551 $8,842 6.85%
    Cash Out Refi 66 $19,170,000 $290,455 $8,524 7.33%
    Refi 60 $21,730,000 $362,167 $7,894 6.79%
    Home Improvement 7 $4,185,000 $597,857 $4,378 8.18%

    For 2023, Goldwater Bank N.a.'s most frequently cited loan purpose was Home Purchase, with 690 originations. The 2nd most popular reason was Cash Out Refi, with 66 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 711 $220,725,000 $310,443 $8,884 6.76%
    30+ year 58 $25,450,000 $438,793 $11,199 8.25%
    15 Year 24 $3,860,000 $160,833 $5,775 7.70%
    10 Year 22 $980,000 $44,545 $161 6.68%
    20 Year 5 $1,185,000 $237,000 $7,509 6.60%
    Other 3 $4,405,000 $1,468,333 $4,083 8.92%

    For 2023, Goldwater Bank N.a.'s most frequently cited loan duration was 30 Year, with 711 originations. The 2nd most popular length was 30+ year, with 58 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 239 $100,735,000 $421,485
    $4k-5k 137 $40,295,000 $294,124
    $3k-4k 126 $33,150,000 $263,095
    $1k-2k 116 $33,350,000 $287,500
    $2k-3k 113 $27,525,000 $243,584
    $<1k 39 $4,715,000 $120,897

    Goldwater Bank N.a.'s average total fees were $8,884, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 239 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 429 $117,515,000 $273,928
    7-8% 223 $78,065,000 $350,067
    5-6% 99 $31,115,000 $314,293
    Over 8% 70 $29,080,000 $415,429
    4-5% 2 $830,000 $415,000

    During 2023, Goldwater Bank N.a.'s average interest rate for loans was 6.76%, while their most frequently originated rate bucket for loans was 6-7%, with 429 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 421 $121,165,000 $287,803 $8,902 6.82%
    $100k-200k 181 $28,035,000 $154,890 $6,154 6.84%
    $400k-600k 117 $56,055,000 $479,103 $11,761 6.97%
    $100,000 or less 47 $2,185,000 $46,489 $2,020 7.10%
    $600k-1MM 47 $33,675,000 $716,489 $13,483 7.24%
    $1MM+ 10 $15,490,000 $1,549,000 $14,111 7.79%

    2023 saw Goldwater Bank N.a. place emphasis on $200k-400k loans with 421 originations, totaling $121,165,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 206 $63,420,000 $307,864 $9,545 6.91%
    $75k-100k 176 $45,900,000 $260,795 $8,683 6.85%
    $50k-75k 173 $36,425,000 $210,549 $7,140 6.68%
    $150k-250k 146 $58,160,000 $398,356 $9,981 7.12%
    $250k+ 62 $39,250,000 $633,065 $10,801 7.22%
    $50k or less 55 $7,975,000 $145,000 $5,790 6.61%

    Goldwater Bank N.a. lent most frequently to those with incomes in the $100k-150k range, with 206 originations. The second most popular income band? $75k-100k, with 176 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 115 $35,895,000 $312,130 $8,026 6.88%
    20-30% 78 $18,650,000 $239,103 $7,082 6.77%
    49% 62 $19,230,000 $310,161 $9,437 6.73%
    50-60% 54 $18,550,000 $343,519 $12,918 6.90%
    44% 48 $14,690,000 $306,042 $7,592 6.85%
    42% 45 $13,065,000 $290,333 $9,076 7.07%
    46% 41 $13,435,000 $327,683 $9,573 6.92%
    41% 41 $13,635,000 $332,561 $8,690 6.98%
    47% 41 $14,105,000 $344,024 $8,069 7.10%
    48% 39 $10,975,000 $281,410 $9,004 6.58%
    39% 36 $11,250,000 $312,500 $8,201 6.84%
    40% 35 $10,105,000 $288,714 $8,335 6.81%
    37% 34 $9,570,000 $281,471 $8,757 7.16%
    <20% 33 $10,685,000 $323,788 $6,322 6.96%
    43% 30 $9,690,000 $323,000 $7,498 6.88%
    38% 27 $8,025,000 $297,222 $9,050 7.00%
    45% 26 $7,890,000 $303,462 $8,813 6.76%
    36% 21 $6,515,000 $310,238 $9,519 6.77%
    >60% 12 $5,170,000 $430,833 $12,216 7.62%

    Goldwater Bank N.a. lent most frequently to those with DTI ratios of 30-36%, with 115 originations. The next most common DTI ratio? 20-30%, with 78 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 619 $189,575,000 $306,260 $8,470 6.89%
    Black 81 $25,185,000 $310,926 $9,905 6.92%
    Not provided 65 $19,605,000 $301,615 $9,140 7.06%
    Asian 36 $11,390,000 $316,389 $8,185 6.79%
    American Indian 18 $5,770,000 $320,556 $11,886 6.50%
    Not applicable 4 $5,080,000 $1,270,000 $4,083 8.35%

    Approval Rates

    Total approvals of all applications
    96.90%

    Goldwater Bank N.a. has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    73.39%

    Goldwater Bank N.a. has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 823 $256,605,000 $311,792

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    823 $256,605,000 $311,792

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 31 $4,545,000 $146,613 $5,241 7.19%
    40-60% 75 $26,155,000 $348,733 $6,062 6.95%
    60-80% 218 $73,070,000 $335,183 $8,691 6.96%
    80-100% 455 $147,725,000 $324,670 $9,707 6.83%
    Over 100% 7 $2,955,000 $422,143 $22,318 7.23%
    Under 20% 37 $2,155,000 $58,243 $1,801 6.98%