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

Phoenix, AZ

LEI: 549300X08QKYUH256I80

Tax ID: 20-8594440

2.2 stars - Updated: 3/17/24 - out of 5 stars, based on 54 reviews

Latest/2022 | 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, Seattle, and Houston among others. We have data for 233 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 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.

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% 3/17/24
30 Year Conventional Refi 6.55% 3/17/24
30 Year Cash-out Refi 6.83% 3/17/24
30 Year FHA Purchase 7.58% 3/17/24
30 Year FHA Refi 7.19% 3/17/24
30 Year VA Purchase 6.68% 3/17/24
30 Year VA Refi 6.48% 3/17/24
30 Year USDA Purchase 7.00% 3/17/24
30 Year USDA Refi 6.27% 3/17/24
15 Year Conventional Purchase 6.48% 3/17/24
15 Year Conventional Refi 6.10% 3/17/24
15 Year Cash-out Refi 6.10% 3/17/24
15 Year FHA Refi 5.68% 3/17/24
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.

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

2,884

Origination Dollar Volume (All Markets)

$863,120,000

Awards

Goldwater Bank N.A. 30 Year Conventional Loans bronze Goldwater Bank N.A. 30 Year Conventional Loans bronze Goldwater Bank N.A. 30 Year Conventional Loans silver
Show all (3) awards

Relative Rate

Goldwater Bank N.a.'s average 30 year fixed mortgage rate was 5.15%.

The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

This yields a difference of 0.39%.

Relative Fees (Closing Costs)

Goldwater Bank N.a.'s average total fees/closing costs for a 30 year fixed rate mortgage were $8,185.

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 $4,750.

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) 1,100 $310,720,000 $282,473 $7,522 5.33%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 259 $77,555,000 $299,440 $7,207 4.90%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 81 $44,175,000 $545,370 $11,642 4.93%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 74 $36,580,000 $494,324 $12,473 4.54%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 94 $31,440,000 $334,468 $7,809 5.15%
PORT ST. LUCIE, FL (FHA|USDA|VA) 81 $30,695,000 $378,951 $10,261 5.89%
Outside of Metro Areas 125 $29,505,000 $236,040 $7,065 5.40%
OCALA, FL (FHA|USDA|VA) 88 $20,440,000 $232,273 $9,157 5.33%
SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) 86 $18,900,000 $219,767 $6,189 4.80%
Brainerd, MN (FHA|USDA|VA) 49 $11,795,000 $240,714 $7,441 5.41%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 35 $9,525,000 $272,143 $6,537 4.88%
ST. GEORGE, UT (FHA|USDA|VA) 18 $8,000,000 $444,444 $13,723 4.57%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 30 $7,990,000 $266,333 $9,091 4.85%
OKLAHOMA CITY, OK (FHA|USDA|VA) 32 $7,530,000 $235,313 $5,858 4.56%
Aberdeen, SD (FHA|USDA|VA) 38 $7,320,000 $192,632 $7,599 4.82%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 15 $6,755,000 $450,333 $10,463 5.08%
COLORADO SPRINGS, CO (FHA|USDA|VA) 14 $6,560,000 $468,571 $5,830 4.91%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 20 $6,210,000 $310,500 $7,999 4.64%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 10 $6,150,000 $615,000 $14,323 4.62%
Carlsbad-Artesia, NM (FHA|USDA|VA) 21 $5,345,000 $254,524 $6,739 5.18%
GADSDEN, AL (FHA|USDA|VA) 24 $4,970,000 $207,083 $5,751 4.94%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 17 $4,965,000 $292,059 $7,166 5.37%
OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 10 $4,920,000 $492,000 $14,147 4.46%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 11 $4,915,000 $446,818 $10,913 5.27%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 7 $4,845,000 $692,143 $7,022 4.79%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 6 $4,700,000 $783,333 $14,229 4.38%
Faribault-Northfield, MN (FHA|USDA|VA) 17 $4,465,000 $262,647 $7,363 5.61%
ALBUQUERQUE, NM (FHA|USDA|VA) 16 $4,230,000 $264,375 $4,791 4.45%
ST. CLOUD, MN (FHA|USDA|VA) 20 $4,150,000 $207,500 $6,902 5.18%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 10 $3,760,000 $376,000 $5,401 5.41%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 2 $3,630,000 $1,815,000 $22,372 4.38%
EL PASO, TX (FHA|USDA|VA) 12 $3,350,000 $279,167 $8,653 5.30%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 12 $3,320,000 $276,667 $9,698 5.81%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 5 $3,295,000 $659,000 $5,669 4.50%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 9 $3,275,000 $363,889 $9,131 4.89%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 9 $3,215,000 $357,222 $12,815 5.18%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 23 $3,025,000 $131,522 $6,935 4.72%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 3 $2,895,000 $965,000 $10,671 6.00%
LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 9 $2,485,000 $276,111 $5,413 4.42%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 7 $2,145,000 $306,429 $13,666 5.89%
Clewiston, FL (FHA|USDA|VA) 9 $2,115,000 $235,000 $6,664 5.40%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 5 $2,115,000 $423,000 $9,026 4.98%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 7 $2,015,000 $287,857 $9,281 5.66%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 4 $1,960,000 $490,000 $8,287 4.53%
Sevierville, TN (FHA|USDA|VA) 5 $1,945,000 $389,000 $8,683 5.10%
Minden, LA (FHA|USDA|VA) 11 $1,905,000 $173,182 $6,184 4.76%
ROCHESTER, MN (FHA|USDA|VA) 9 $1,755,000 $195,000 $6,087 5.33%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 5 $1,695,000 $339,000 $4,519 4.42%
Fort Payne, AL (FHA|USDA|VA) 6 $1,680,000 $280,000 $6,918 5.13%
Coos Bay, OR (FHA|USDA|VA) 6 $1,620,000 $270,000 $8,634 4.06%
SAVANNAH, GA (FHA|USDA|VA) 4 $1,560,000 $390,000 $8,199 5.03%
Key West, FL (FHA|USDA|VA) 1 $1,395,000 $1,395,000 $10,917 3.50%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 5 $1,365,000 $273,000 $5,070 6.58%
MANKATO, MN (FHA|USDA|VA) 5 $1,345,000 $269,000 $6,480 5.33%
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 7 $1,335,000 $190,714 $3,760 6.34%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 3 $1,315,000 $438,333 $16,143 6.83%
SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 1 $1,315,000 $1,315,000 $13,385 7.25%
KANSAS CITY, MO-KS (FHA|USDA|VA) 5 $1,305,000 $261,000 $9,574 4.80%
GAINESVILLE, GA (FHA|USDA|VA) 3 $1,285,000 $428,333 $5,762 5.21%
Hutchinson, MN (FHA|USDA|VA) 6 $1,240,000 $206,667 $6,860 6.04%
Alexander City, AL (FHA|USDA|VA) 3 $1,205,000 $401,667 $7,888 5.13%
FLAGSTAFF, AZ (FHA|USDA|VA) 1 $1,205,000 $1,205,000 $13,468 3.50%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 3 $1,135,000 $378,333 $7,038 5.29%
CARSON CITY, NV (FHA|USDA|VA) 1 $1,105,000 $1,105,000 $0 5.50%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 6 $1,080,000 $180,000 $9,209 4.65%
PUNTA GORDA, FL (FHA|USDA|VA) 2 $1,060,000 $530,000 $0 6.43%
KAHULUI-WAILUKU-LAHAINA, HI (FHA|USDA|VA) 1 $1,025,000 $1,025,000 $14,017 5.00%
GAINESVILLE, FL (FHA|USDA|VA) 4 $980,000 $245,000 $7,131 5.91%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 4 $970,000 $242,500 $5,677 5.97%
Huntsville, TX (FHA|USDA|VA) 3 $925,000 $308,333 $13,446 4.71%
Jefferson, GA (FHA|USDA|VA) 3 $925,000 $308,333 $8,069 6.54%
Kerrville, TX (FHA|USDA|VA) 1 $895,000 $895,000 $19,779 5.25%
Red Wing, MN (FHA|USDA|VA) 4 $880,000 $220,000 $4,801 6.00%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 3 $865,000 $288,333 $8,397 4.50%
MONTGOMERY, AL (FHA|USDA|VA) 2 $820,000 $410,000 $9,947 4.44%
OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 2 $810,000 $405,000 $6,500 6.19%
LONGVIEW, TX (FHA|USDA|VA) 3 $805,000 $268,333 $4,609 3.75%
THE VILLAGES, FL (FHA|USDA|VA) 3 $785,000 $261,667 $6,360 6.25%
Willmar, MN (FHA|USDA|VA) 3 $785,000 $261,667 $4,186 6.79%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 2 $770,000 $385,000 $7,495 5.44%
SALT LAKE CITY, UT (FHA|USDA|VA) 3 $755,000 $251,667 $4,947 4.13%
TUCSON, AZ (FHA|USDA|VA) 4 $750,000 $187,500 $5,497 3.97%
RALEIGH-CARY, NC (FHA|USDA|VA) 2 $740,000 $370,000 $7,642 3.69%
VISALIA, CA (FHA|USDA|VA) 2 $740,000 $370,000 $6,131 4.94%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 2 $740,000 $370,000 $7,640 4.69%
CORPUS CHRISTI, TX (FHA|USDA|VA) 3 $725,000 $241,667 $8,315 4.75%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 2 $700,000 $350,000 $3,133 4.31%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 3 $695,000 $231,667 $6,277 4.21%
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 3 $695,000 $231,667 $8,868 5.67%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 2 $690,000 $345,000 $9,715 6.00%
MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 3 $675,000 $225,000 $4,681 3.88%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 2 $670,000 $335,000 $7,378 5.75%
EAST STROUDSBURG, PA (FHA|USDA|VA) 3 $655,000 $218,333 $5,786 5.16%
Cedar City, UT (FHA|USDA|VA) 1 $645,000 $645,000 $5,128 3.63%
LINCOLN, NE (FHA|USDA|VA) 2 $640,000 $320,000 $6,800 5.88%
Fergus Falls, MN (FHA|USDA|VA) 2 $640,000 $320,000 $7,656 4.75%
Grand Rapids, MN (FHA|USDA|VA) 4 $640,000 $160,000 $4,682 6.38%
Shawnee, OK (FHA|USDA|VA) 4 $640,000 $160,000 $6,575 4.34%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 1 $615,000 $615,000 $26,454 5.63%
SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 2 $600,000 $300,000 $6,942 4.13%
HATTIESBURG, MS (FHA|USDA|VA) 2 $590,000 $295,000 $11,966 5.00%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 3 $585,000 $195,000 $11,338 5.79%
Albertville, AL (FHA|USDA|VA) 2 $580,000 $290,000 $7,709 6.13%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 2 $580,000 $290,000 $5,354 6.06%
KNOXVILLE, TN (FHA|USDA|VA) 2 $580,000 $290,000 $10,878 4.44%
ANNISTON-OXFORD, AL (FHA|USDA|VA) 3 $575,000 $191,667 $6,321 5.50%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 2 $570,000 $285,000 $7,993 6.50%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 2 $570,000 $285,000 $11,863 4.38%
PUEBLO, CO (FHA|USDA|VA) 2 $560,000 $280,000 $3,440 5.19%
BRUNSWICK, GA (FHA|USDA|VA) 2 $550,000 $275,000 $0 6.38%
Gainesville, TX (FHA|USDA|VA) 2 $550,000 $275,000 $5,752 5.69%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 3 $545,000 $181,667 $1,550 4.00%
JACKSONVILLE, FL (FHA|USDA|VA) 4 $540,000 $135,000 $5,296 4.91%
MIDLAND, TX (FHA|USDA|VA) 2 $530,000 $265,000 $5,778 4.25%
LAKE CHARLES, LA (FHA|USDA|VA) 2 $530,000 $265,000 $2,405 3.94%
Rio Grande City-Roma, TX (FHA|USDA|VA) 4 $530,000 $132,500 $5,140 4.72%
SPRINGFIELD, MO (FHA|USDA|VA) 1 $525,000 $525,000 $22,180 5.63%
JACKSONVILLE, NC (FHA|USDA|VA) 2 $500,000 $250,000 $11,182 4.25%
TULSA, OK (FHA|USDA|VA) 4 $500,000 $125,000 $4,435 4.44%
BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 1 $495,000 $495,000 $18,786 5.00%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $495,000 $495,000 $30,652 4.63%
BOULDER, CO (FHA|USDA|VA) 1 $465,000 $465,000 $1,713 3.75%
TOPEKA, KS (FHA|USDA|VA) 1 $455,000 $455,000 $7,395 5.63%
Toccoa, GA (FHA|USDA|VA) 1 $455,000 $455,000 $9,174 6.50%
Nacogdoches, TX (FHA|USDA|VA) 1 $455,000 $455,000 $6,459 4.00%
Whitewater, WI (FHA|USDA|VA) 1 $455,000 $455,000 $8,212 6.25%
BAKERSFIELD, CA (FHA|USDA|VA) 1 $445,000 $445,000 $1,987 3.25%
MADISON, WI (FHA|USDA|VA) 2 $440,000 $220,000 $6,627 4.81%
HOUMA-THIBODAUX, LA (FHA|USDA|VA) 2 $440,000 $220,000 $6,624 3.75%
APPLETON, WI (FHA|USDA|VA) 1 $435,000 $435,000 $8,905 8.50%
BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 1 $435,000 $435,000 $15,920 7.25%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $425,000 $425,000 $5,187 4.00%
DOVER, DE (FHA|USDA|VA) 1 $415,000 $415,000 $8,696 5.13%
SIOUX FALLS, SD (FHA|USDA|VA) 1 $415,000 $415,000 $1,702 5.88%
DULUTH, MN-WI (FHA|USDA|VA) 2 $410,000 $205,000 $4,179 6.06%
IOWA CITY, IA (FHA|USDA|VA) 1 $395,000 $395,000 $2,496 3.50%
EAU CLAIRE, WI (FHA|USDA|VA) 2 $390,000 $195,000 $7,619 6.38%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 2 $390,000 $195,000 $8,954 4.56%
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 1 $385,000 $385,000 $1,608 3.25%
YAKIMA, WA (FHA|USDA|VA) 1 $385,000 $385,000 $15,201 5.38%
Sebastian-Vero Beach, FL (FHA|USDA|VA) 1 $365,000 $365,000 $9,436 5.75%
HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 1 $355,000 $355,000 $2,225 2.88%
Mount Airy, NC (FHA|USDA|VA) 1 $355,000 $355,000 $7,799 7.50%
HINESVILLE, GA (FHA|USDA|VA) 1 $345,000 $345,000 $10,188 4.00%
Outside of Metro Areas 1 $335,000 $335,000 $3,305 4.00%
ALEXANDRIA, LA (FHA|USDA|VA) 1 $325,000 $325,000 $4,117 5.63%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 1 $325,000 $325,000 $11,405 5.88%
Aberdeen, WA (FHA|USDA|VA) 1 $325,000 $325,000 $7,750 5.00%
Alexandria, MN (FHA|USDA|VA) 3 $315,000 $105,000 $3,709 6.42%
FARGO, ND-MN (FHA|USDA|VA) 1 $315,000 $315,000 $12,362 7.00%
Greenwood, SC (FHA|USDA|VA) 2 $310,000 $155,000 $8,394 5.25%
PANAMA CITY, FL (FHA|USDA|VA) 1 $305,000 $305,000 $5,935 4.50%
Shelton, WA (FHA|USDA|VA) 1 $305,000 $305,000 $2,150 2.63%
BOISE CITY, ID (FHA|USDA|VA) 1 $305,000 $305,000 $12,262 5.13%
STOCKTON, CA (FHA|USDA|VA) 1 $305,000 $305,000 $0 6.13%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 1 $295,000 $295,000 $7,395 5.25%
BLOOMINGTON, IL (FHA|USDA|VA) 1 $295,000 $295,000 $10,529 5.63%
BILLINGS, MT (FHA|USDA|VA) 1 $295,000 $295,000 $3,953 5.00%
Scottsboro, AL (FHA|USDA|VA) 2 $290,000 $145,000 $4,859 4.94%
WARNER ROBINS, GA (FHA|USDA|VA) 1 $285,000 $285,000 $3,829 4.13%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 1 $285,000 $285,000 $6,785 5.25%
VICTORIA, TX (FHA|USDA|VA) 2 $280,000 $140,000 $5,192 5.25%
ENID, OK (FHA|USDA|VA) 1 $275,000 $275,000 $4,976 5.13%
Stevens Point, WI (FHA|USDA|VA) 1 $275,000 $275,000 $4,088 3.88%
MADERA, CA (FHA|USDA|VA) 1 $275,000 $275,000 $8,873 6.13%
ODESSA, TX (FHA|USDA|VA) 1 $265,000 $265,000 $6,876 3.88%
SPARTANBURG, SC (FHA|USDA|VA) 1 $265,000 $265,000 $11,900 6.13%
Calhoun, GA (FHA|USDA|VA) 1 $255,000 $255,000 $0 4.38%
YUMA, AZ (FHA|USDA|VA) 1 $255,000 $255,000 $13,179 4.63%
LOUISVILLE, KY (FHA|USDA|VA) 1 $245,000 $245,000 $1,435 6.13%
MORRISTOWN, TN (FHA|USDA|VA) 1 $245,000 $245,000 $12,851 4.00%
BATON ROUGE, LA (FHA|USDA|VA) 2 $230,000 $115,000 $3,046 3.31%
New Ulm, MN (FHA|USDA|VA) 2 $230,000 $115,000 $7,991 4.94%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 1 $225,000 $225,000 $9,323 5.38%
Brenham, TX (FHA|USDA|VA) 1 $225,000 $225,000 $4,068 3.13%
Lufkin, TX (FHA|USDA|VA) 1 $225,000 $225,000 $6,931 5.50%
Pahrump, NV (FHA|USDA|VA) 1 $215,000 $215,000 $3,456 4.25%
ROME, GA (FHA|USDA|VA) 1 $215,000 $215,000 $6,533 7.25%
PINE BLUFF, AR (FHA|USDA|VA) 1 $215,000 $215,000 $8,480 5.88%
Boone, NC (FHA|USDA|VA) 1 $205,000 $205,000 $0 3.25%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 1 $205,000 $205,000 $7,027 4.75%
Alamogordo, NM (FHA|USDA|VA) 1 $205,000 $205,000 $4,869 4.00%
Mitchell, SD (FHA|USDA|VA) 1 $205,000 $205,000 $4,602 5.38%
Corsicana, TX (FHA|USDA|VA) 2 $200,000 $100,000 $2,170 5.00%
Picayune, MS (FHA|USDA|VA) 1 $195,000 $195,000 $7,077 5.63%
NEW BERN, NC (FHA|USDA|VA) 1 $195,000 $195,000 $4,526 5.38%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 1 $195,000 $195,000 $4,648 3.13%
Oak Harbor, WA (FHA|USDA|VA) 1 $195,000 $195,000 $2,069 4.88%
OSHKOSH-NEENAH, WI (FHA|USDA|VA) 1 $195,000 $195,000 $6,582 5.63%
Owatonna, MN (FHA|USDA|VA) 1 $185,000 $185,000 $10,599 4.75%
Cedartown, GA (FHA|USDA|VA) 1 $185,000 $185,000 $6,982 4.63%
SHERMAN-DENISON, TX (FHA|USDA|VA) 1 $185,000 $185,000 $0 5.38%
COLUMBUS, OH (FHA|USDA|VA) 1 $185,000 $185,000 $4,379 6.75%
Spearfish, SD (FHA|USDA|VA) 1 $175,000 $175,000 $4,311 4.25%
JOHNSON CITY, TN (FHA|USDA|VA) 1 $175,000 $175,000 $5,392 5.50%
ABILENE, TX (FHA|USDA|VA) 1 $175,000 $175,000 $4,567 6.63%
Austin, MN (FHA|USDA|VA) 1 $175,000 $175,000 $10,477 3.75%
MOBILE, AL (FHA|USDA|VA) 1 $175,000 $175,000 $6,275 4.25%
Marshall, MN (FHA|USDA|VA) 2 $170,000 $85,000 $4,890 5.56%
FARMINGTON, NM (FHA|USDA|VA) 1 $165,000 $165,000 $8,042 7.13%
SALISBURY, MD-DE (FHA|USDA|VA) 1 $165,000 $165,000 $9,044 5.50%
Brookings, OR (FHA|USDA|VA) 1 $165,000 $165,000 $0 4.75%
Summerville, GA (FHA|USDA|VA) 1 $165,000 $165,000 $5,227 4.13%
FORT COLLINS, CO (FHA|USDA|VA) 1 $155,000 $155,000 $0 3.75%
Bemidji, MN (FHA|USDA|VA) 1 $155,000 $155,000 $8,548 5.25%
Stillwater, OK (FHA|USDA|VA) 1 $155,000 $155,000 $5,342 2.88%
TALLAHASSEE, FL (FHA|USDA|VA) 1 $155,000 $155,000 $2,258 3.38%
WICHITA FALLS, TX (FHA|USDA|VA) 1 $155,000 $155,000 $3,934 4.38%
Hobbs, NM (FHA|USDA|VA) 1 $145,000 $145,000 $9,349 4.25%
Tiffin, OH (FHA|USDA|VA) 1 $145,000 $145,000 $3,908 6.50%
Tifton, GA (FHA|USDA|VA) 1 $145,000 $145,000 $7,705 3.50%
Newport, OR (FHA|USDA|VA) 1 $135,000 $135,000 $2,605 3.13%
Moultrie, GA (FHA|USDA|VA) 1 $135,000 $135,000 $0 6.99%
LAS CRUCES, NM (FHA|USDA|VA) 1 $135,000 $135,000 $2,854 6.00%
ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 1 $135,000 $135,000 $2,987 4.25%
WACO, TX (FHA|USDA|VA) 1 $125,000 $125,000 $3,085 6.13%
Roanoke Rapids, NC (FHA|USDA|VA) 1 $115,000 $115,000 $5,394 5.25%
BISMARCK, ND (FHA|USDA|VA) 1 $115,000 $115,000 $2,270 3.50%
MACON-BIBB COUNTY, GA (FHA|USDA|VA) 1 $115,000 $115,000 $3,760 4.00%
CHAMPAIGN-URBANA, IL (FHA|USDA|VA) 1 $105,000 $105,000 $4,503 5.00%
Woodward, OK (FHA|USDA|VA) 1 $105,000 $105,000 $3,422 4.25%
ST. LOUIS, MO-IL (FHA|USDA|VA) 1 $105,000 $105,000 $1,073 3.13%
MIDLAND, MI (FHA|USDA|VA) 1 $105,000 $105,000 $1,787 3.25%
WILMINGTON, NC (FHA|USDA|VA) 1 $95,000 $95,000 $4,648 6.25%
SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) 1 $85,000 $85,000 $1,896 2.50%
CORVALLIS, OR (FHA|USDA|VA) 1 $85,000 $85,000 $4,263 6.50%
Gallup, NM (FHA|USDA|VA) 1 $85,000 $85,000 $5,907 3.25%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 1 $75,000 $75,000 $5,037 4.63%
HUNTSVILLE, AL (FHA|USDA|VA) 1 $75,000 $75,000 $4,420 5.50%
Pampa, TX (FHA|USDA|VA) 1 $65,000 $65,000 $5,626 4.25%
Farmington, MO (FHA|USDA|VA) 1 $65,000 $65,000 $1,989 6.63%
LaGrange, GA-AL (FHA|USDA|VA) 1 $55,000 $55,000 $0 4.50%
Coffeyville, KS (FHA|USDA|VA) 1 $45,000 $45,000 $3,167 7.63%
Goldwater Bank N.a.'s top markets include Minneapolis, Atlanta, Phoenix, Seattle, and Houston among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 2,131 $642,675,000 $301,584 $6,553 5.20%
    FHA 493 $132,395,000 $268,550 $11,339 5.19%
    VA 205 $77,785,000 $379,439 $11,309 4.86%
    USDA 55 $10,265,000 $186,636 $7,296 4.58%

    For 2022, Goldwater Bank N.a.'s most frequently originated type of loan was Conventional, with 2,131 originations. Their 2nd most popular type was FHA, with 493 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 2,354 $718,550,000 $305,246 $8,154 5.32%
    Cash Out Refi 353 $95,075,000 $269,334 $6,338 4.71%
    Refi 176 $49,000,000 $278,409 $5,682 3.99%
    Home Improvement 1 $495,000 $495,000 $0 4.25%

    For 2022, Goldwater Bank N.a.'s most frequently cited loan purpose was Home Purchase, with 2,354 originations. The 2nd most popular reason was Cash Out Refi, with 353 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 2,489 $763,885,000 $306,904 $8,185 5.15%
    15 Year 126 $23,470,000 $186,270 $4,450 4.31%
    30+ year 126 $60,080,000 $476,825 $10,974 6.14%
    10 Year 110 $5,880,000 $53,455 $262 5.55%
    20 Year 22 $4,940,000 $224,545 $4,304 4.20%
    1 Year 6 $2,890,000 $481,667 $10,476 7.54%
    Other 5 $1,975,000 $395,000 $8,911 4.35%

    For 2022, Goldwater Bank N.a.'s most frequently cited loan duration was 30 Year, with 2,489 originations. The 2nd most popular length was 15 Year, with 126 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 776 $331,940,000 $427,758
    $1k-2k 540 $151,710,000 $280,944
    $3k-4k 412 $102,840,000 $249,612
    $2k-3k 366 $90,240,000 $246,557
    $4k-5k 359 $106,395,000 $296,365
    $<1k 270 $42,300,000 $156,667

    Goldwater Bank N.a.'s average total fees were $8,185, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 776 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 950 $282,300,000 $297,158
    4-5% 674 $213,230,000 $316,365
    3-4% 528 $159,140,000 $301,402
    6-7% 506 $143,380,000 $283,360
    7-8% 136 $39,260,000 $288,676
    2.5-3% 63 $17,575,000 $278,968
    Over 8% 16 $5,910,000 $369,375
    <2.5% 11 $2,325,000 $211,364

    During 2022, Goldwater Bank N.a.'s average interest rate for loans was 5.15%, while their most frequently originated rate bucket for loans was 5-6%, with 950 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 1,427 $410,205,000 $287,460 $8,057 5.23%
    $100k-200k 642 $100,130,000 $155,966 $5,698 5.03%
    $400k-600k 426 $202,300,000 $474,883 $10,918 5.10%
    $100,000 or less 225 $10,335,000 $45,933 $1,872 5.32%
    $600k-1MM 133 $95,445,000 $717,632 $11,885 5.06%
    $1MM+ 31 $44,705,000 $1,442,097 $17,683 5.14%

    2022 saw Goldwater Bank N.a. place emphasis on $200k-400k loans with 1,427 originations, totaling $410,205,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 758 $167,930,000 $221,544 $7,174 5.07%
    $100k-150k 643 $206,345,000 $320,910 $8,094 5.30%
    $75k-100k 581 $154,835,000 $266,497 $7,822 5.20%
    $150k-250k 395 $169,255,000 $428,494 $9,140 5.19%
    $50k or less 311 $48,225,000 $155,064 $6,193 5.05%
    $250k+ 191 $112,855,000 $590,864 $9,885 5.16%

    Goldwater Bank N.a. lent most frequently to those with incomes in the $50k-75k range, with 758 originations. The second most popular income band? $100k-150k, with 643 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 469 $134,145,000 $286,023 $7,082 5.03%
    20-30% 375 $101,935,000 $271,827 $6,055 4.90%
    50-60% 180 $65,790,000 $365,500 $12,559 5.20%
    49% 165 $50,335,000 $305,061 $8,823 5.44%
    44% 149 $44,385,000 $297,886 $8,408 5.24%
    45% 135 $39,905,000 $295,593 $7,648 5.34%
    43% 129 $39,065,000 $302,829 $8,053 5.23%
    <20% 127 $29,985,000 $236,102 $4,623 4.96%
    42% 126 $40,660,000 $322,698 $7,998 5.17%
    41% 126 $40,420,000 $320,794 $7,986 5.30%
    47% 116 $35,220,000 $303,621 $9,037 5.26%
    48% 115 $38,085,000 $331,174 $9,181 5.45%
    39% 113 $32,685,000 $289,248 $7,558 5.27%
    37% 113 $31,805,000 $281,460 $7,582 5.23%
    46% 112 $36,860,000 $329,107 $8,857 5.60%
    36% 107 $29,095,000 $271,916 $6,958 4.93%
    38% 107 $34,355,000 $321,075 $7,439 5.06%
    40% 100 $26,960,000 $269,600 $6,940 5.19%
    >60% 10 $6,410,000 $641,000 $13,366 5.57%

    Goldwater Bank N.a. lent most frequently to those with DTI ratios of 30-36%, with 469 originations. The next most common DTI ratio? 20-30%, with 375 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 2,210 $653,010,000 $295,480 $7,540 5.13%
    Black 317 $102,405,000 $323,044 $9,505 5.28%
    Not provided 168 $48,810,000 $290,536 $7,598 5.33%
    Asian 107 $34,625,000 $323,598 $8,114 5.16%
    American Indian 66 $16,530,000 $250,455 $8,077 5.45%
    Not applicable 5 $3,675,000 $735,000 $0 5.36%
    Native Hawaiian or Islander 8 $3,010,000 $376,250 $10,795 5.02%
    Other Asian 2 $630,000 $315,000 $11,973 6.38%
    Asian Indian 1 $425,000 $425,000 $10,950 6.50%

    Approval Rates

    Total approvals of all applications
    96.49%

    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
    64.39%

    Goldwater Bank N.a. 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 2,884 $863,120,000 $299,279

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    2,884 $863,120,000 $299,279

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 83 $13,425,000 $161,747 $4,195 4.75%
    40-60% 224 $56,630,000 $252,813 $5,904 4.64%
    60-80% 694 $230,080,000 $331,527 $7,561 4.96%
    80-100% 1,691 $538,255,000 $318,306 $8,562 5.30%
    Over 100% 55 $19,355,000 $351,909 $16,880 4.93%
    Under 20% 137 $5,375,000 $39,234 $861 5.78%