Vantage West Mortgage Rates, Fees & Info

Tucson, AZ

LEI: 549300Z4HQ7YDKUVEW39

Tax ID: 86-0120482

5 stars - out of 5 stars, based on 34 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Vantage West is a smaller mortgage company specializing in Cash Out Refi and Refi loans. Vantage West 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.) Their top markets include Tucson, Phoenix, Sierra Vista, Nogales, and Show Low among others. Vantage West has an average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Vantage West is typically an average fee lendor.


Originations

1,177

Origination Dollar Volume (All Markets)

$213,455,000

Awards

VANTAGE WEST 30 Year Conventional Loans bronze
Show all (1) awards

Relative Rate

Vantage West's average 30 year fixed rate mortgage of loans were 3.22%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of 0.07%.

Relative Fees

Vantage West's average total fees for a 30 year fixed rate mortgage are $3,597.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
TUCSON, AZ (FHA|USDA|VA) 879 $148,885,000 $169,380 $3,238 3.52%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 267 $59,925,000 $224,438 $3,483 3.44%
SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) 11 $1,475,000 $134,091 $4,084 3.81%
Nogales, AZ (FHA|USDA|VA) 8 $1,250,000 $156,250 $3,565 2.98%
Show Low, AZ (FHA|USDA|VA) 5 $825,000 $165,000 $4,203 3.05%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 3 $395,000 $131,667 $8,326 4.54%
YUMA, AZ (FHA|USDA|VA) 1 $305,000 $305,000 $4,965 2.88%
FLAGSTAFF, AZ (FHA|USDA|VA) 1 $245,000 $245,000 $2,372 2.88%
Safford, AZ (FHA|USDA|VA) 1 $85,000 $85,000 $2,924 4.13%
LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 1 $65,000 $65,000 $3,435 2.75%

Vantage West's top markets include Tucson, Phoenix, Sierra Vista, Nogales, and Show Low among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 1,174 $212,820,000 $181,278 $3,302 3.50%
VA 2 $460,000 $230,000 $8,260 3.25%
FHA 1 $175,000 $175,000 $8,404 2.88%

For the 2021 period, Vantage West's most frequently originated loan type of loans were Conventional, with 1,174 originations. Their 2nd most popular type is VA, with 2 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Cash Out Refi 420 $85,670,000 $203,976 $3,111 3.07%
Refi 318 $65,410,000 $205,692 $3,012 2.78%
Home Improvement 265 $21,285,000 $80,321 $3,506 5.19%
Home Purchase 149 $38,595,000 $259,027 $4,536 3.07%
Other 25 $2,495,000 $99,800 $3,208 4.71%

For the 2021, Vantage West's most frequently cited loan purpose of loans were Cash Out Refi, with 420 originations. The 2nd most popular reason of loans were Refi, with 318 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 591 $135,775,000 $229,738 $3,597 3.22%
20 Year 332 $32,490,000 $97,861 $2,895 4.75%
15 Year 230 $41,030,000 $178,391 $2,842 2.53%
10 Year 23 $4,025,000 $175,000 $2,866 2.44%
5 Year 1 $135,000 $135,000 $0 3.69%

For the 2021, Vantage West's most frequently cited loan length of loans were 30 Year, with 591 originations. The 2nd most popular length of loans were 20 Year, with 332 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$1k-2k 393 $71,315,000 $181,463
$<1k 320 $71,960,000 $224,875
$2k-3k 134 $28,180,000 $210,299
$3k-4k 61 $16,085,000 $263,689
$5k+ 20 $9,790,000 $489,500

$3,597 of loans were Vantage West's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 393 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
2.5-3% 420 $88,160,000 $209,905
3-4% 328 $73,560,000 $224,268
<2.5% 165 $32,715,000 $198,273
5-6% 127 $8,735,000 $68,780
4-5% 96 $8,040,000 $83,750
6-7% 40 $2,220,000 $55,500
Over 8% 1 $25,000 $25,000

During 2021, Vantage West's average interest rate of loans were 3.22%, while their most frequently originated rate bucket of loans were 2.5-3%, with 420 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$100k-200k 466 $68,910,000 $147,876 $2,998 3.11%
$200k-400k 342 $92,600,000 $270,760 $3,580 3.10%
$100,000 or less 315 $17,915,000 $56,873 $2,626 4.63%
$400k-600k 36 $16,760,000 $465,556 $4,066 2.90%
$600k-1MM 11 $8,145,000 $740,455 $7,599 3.05%
$1MM+ 7 $9,125,000 $1,303,571 $10,963 2.86%

2021 saw Vantage West place emphasis on $100k-200k loans with 466 originations, totaling $68,910,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$50k-75k 311 $46,075,000 $148,151 $3,168 3.36%
$50k or less 243 $29,845,000 $122,819 $2,858 3.39%
$100k-150k 236 $45,940,000 $194,661 $3,540 3.79%
$75k-100k 232 $41,000,000 $176,724 $3,273 3.45%
$150k-250k 111 $30,315,000 $273,108 $3,807 3.60%
$250k+ 42 $19,950,000 $475,000 $5,521 3.65%

Vantage West lent most frequently to those with incomes in the $50k-75k range, with 311 originations. The second most popular income band? $50k or less, with 243 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 326 $58,540,000 $179,571 $3,276 3.38%
30-36% 239 $44,155,000 $184,749 $3,270 3.46%
<20% 160 $27,280,000 $170,500 $3,322 3.36%
44% 52 $8,160,000 $156,923 $3,113 3.82%
38% 48 $7,280,000 $151,667 $3,228 4.04%
40% 46 $7,960,000 $173,043 $3,293 3.86%
37% 43 $9,235,000 $214,767 $4,223 3.79%
41% 42 $8,200,000 $195,238 $3,544 3.83%
36% 38 $7,550,000 $198,684 $3,118 3.60%
39% 37 $7,075,000 $191,216 $3,204 3.15%
43% 37 $6,765,000 $182,838 $3,151 3.73%
42% 35 $7,605,000 $217,286 $3,435 3.58%
48% 18 $3,890,000 $216,111 $3,618 2.95%
45% 16 $3,180,000 $198,750 $3,816 3.57%
49% 14 $1,990,000 $142,143 $2,983 3.33%
46% 12 $1,690,000 $140,833 $3,798 3.48%
47% 10 $2,250,000 $225,000 $3,391 3.01%
50-60% 2 $320,000 $160,000 $961 2.94%

Vantage West lent most frequently to those with DTI ratios of 20-30%, with 326 originations. The next most common DTI ratio? 30-36%, with 239 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 917 $163,605,000 $178,413 $3,221 3.49%
Not provided 185 $35,495,000 $191,865 $3,734 3.57%
Black 32 $5,710,000 $178,438 $3,389 3.30%
Asian 26 $4,250,000 $163,462 $3,919 3.50%
American Indian 9 $1,995,000 $221,667 $2,979 3.29%
Other Asian 2 $1,420,000 $710,000 $3,811 3.06%
Not applicable 2 $330,000 $165,000 $0 3.77%
Filipino 1 $315,000 $315,000 $3,942 2.88%
Native Hawaiian 2 $280,000 $140,000 $2,596 4.06%
Korean 1 $55,000 $55,000 $0 5.75%

Approval Rates

Total approvals of all applications
83.85%

Vantage West has a below average approval rate.

Pick Rate

Approvals leading to origination
42.76%

Vantage West 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 1,177 $213,455,000 $181,355

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
1,177 $213,455,000 $181,355

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 144 $15,080,000 $104,722 $2,716 3.80%
40-60% 272 $45,940,000 $168,897 $2,890 2.91%
60-80% 424 $98,370,000 $232,005 $3,343 3.08%
80-100% 152 $45,360,000 $298,421 $4,431 3.15%
Under 20% 185 $8,705,000 $47,054 $2,284 5.40%

Complaints

Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
VANDYK MORTGAGE CORPORATION FHA mortgage Closing on a mortgage 2 66.7%
VANDYK MORTGAGE CORPORATION FHA mortgage Trouble during payment process 1 33.3%