Vantage West Mortgage Rates, Fees & Info

Tucson, AZ

LEI: 549300Z4HQ7YDKUVEW39

Tax ID: 86-0120482

3.4 stars - Updated: 5/26/24 - out of 5 stars, based on 34 reviews

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

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Mortgage Data

Review & Overview

Vantage West is a smaller mortgage company specializing in Home Improvement and Home Purchase loans. Vantage West has a high proportion of conventional loans. Their top markets by origination volume include: Tucson, Phoenix, Nogales, Sierra Vista, and Prescott Valley among others. We have data for 15 markets. (Some data included below & more in-depth data is available with an active subscription.)

Vantage West 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. Vantage West 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.

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
Home Equity Line of Credit (HELOC) 7.32% 5/26/24
30 Year Conventional Purchase 6.41% 5/26/24
30 Year Conventional Refi 6.29% 5/26/24
30 Year Cash-out Refi 6.69% 5/26/24
30 Year VA Purchase 6.27% 5/26/24
30 Year VA Refi 6.27% 5/26/24
15 Year Conventional Purchase 5.47% 5/26/24
15 Year Conventional Refi 5.89% 5/26/24
15 Year Cash-out Refi 5.89% 5/26/24
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.

Vantage West Mortgage Calculator






Your Estimates

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

This is not an official calculator from Vantage West. 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

1,131

Origination Dollar Volume (All Markets)

$141,315,000

Awards

VANTAGE WEST 30 Year Conventional Loans bronze VANTAGE WEST 30 Year Conventional Loans silver VANTAGE WEST 30 Year Conventional Loans silver
Show all (3) awards

Relative Rate

Vantage West's average 30 year fixed mortgage rate was 7.92%.

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

This yields a difference of 1.44%.

Relative Fees (Closing Costs)

Vantage West's average total fees/closing costs for a 30 year fixed rate mortgage were $6,360.

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
TUCSON, AZ (FHA|USDA|VA) 784 $90,150,000 $114,987 $5,647 8.26%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 289 $40,995,000 $141,851 $8,565 8.29%
Nogales, AZ (FHA|USDA|VA) 14 $2,040,000 $145,714 $5,525 8.11%
SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) 16 $1,570,000 $98,125 $6,056 8.16%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 6 $1,350,000 $225,000 $4,680 7.15%
Show Low, AZ (FHA|USDA|VA) 4 $1,060,000 $265,000 $3,709 5.53%
Outside of Metro Areas 4 $990,000 $247,500 $4,206 7.00%
YUMA, AZ (FHA|USDA|VA) 5 $845,000 $169,000 $0 7.15%
FLAGSTAFF, AZ (FHA|USDA|VA) 2 $570,000 $285,000 $5,616 7.13%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 1 $415,000 $415,000 $9,484 6.50%
WICHITA, KS (FHA|USDA|VA) 1 $355,000 $355,000 $3,902 7.75%
LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 2 $340,000 $170,000 $4,485 7.25%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 1 $255,000 $255,000 $2,557 6.38%
DALTON, GA (FHA|USDA|VA) 1 $235,000 $235,000 $0 6.50%
GRAND JUNCTION, CO (FHA|USDA|VA) 1 $145,000 $145,000 $2,869 6.88%
Vantage West's top markets include Tucson, Phoenix, Nogales, Sierra Vista, and Prescott Valley among others.

Their top states include:
  • Arizona (FHA|USDA|VA)
  • Virginia (FHA|USDA|VA)
  • Kansas (FHA|USDA|VA)
  • California (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 903 $70,805,000 $78,411 n/a 8.73%
    Conventional 228 $70,510,000 $309,254 $6,213 6.27%

    For 2023, Vantage West's most frequently originated type of loan was HELOC, with 903 originations. Their 2nd most popular type was Conventional, with 228 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 903 $70,805,000 $78,411 $0 8.73%
    Home Purchase 145 $51,515,000 $355,276 $7,029 6.21%
    Cash Out Refi 73 $15,165,000 $207,740 $4,636 6.43%
    Refi 10 $3,830,000 $383,000 $5,016 6.09%

    For 2023, Vantage West's most frequently cited loan purpose was Home Improvement, with 903 originations. The 2nd most popular reason was Home Purchase, with 145 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    20 Year 606 $44,850,000 $74,010 $6,019 8.58%
    30 Year 493 $85,775,000 $173,986 $6,360 7.92%
    30+ year 15 $3,885,000 $259,000 $6,102 6.56%
    15 Year 12 $1,710,000 $142,500 $4,248 6.28%
    10 Year 4 $4,780,000 $1,195,000 $0 5.77%
    5 Year 1 $315,000 $315,000 $0 6.64%

    For 2023, Vantage West's most frequently cited loan duration was 20 Year, with 606 originations. The 2nd most popular length was 30 Year, with 493 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 92 $29,000,000 $315,217
    $5k+ 28 $14,340,000 $512,143
    $1k-2k 26 $5,240,000 $201,538
    $2k-3k 25 $5,195,000 $207,800
    $3k-4k 22 $5,510,000 $250,455
    $4k-5k 12 $2,310,000 $192,500

    Vantage West's average total fees were $6,360, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 92 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    Over 8% 718 $55,620,000 $77,465
    7-8% 212 $21,980,000 $103,679
    6-7% 100 $27,170,000 $271,700
    5-6% 96 $34,160,000 $355,833
    4-5% 5 $2,385,000 $477,000

    During 2023, Vantage West's average interest rate for loans was 7.92%, while their most frequently originated rate bucket for loans was Over 8%, with 718 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 697 $36,635,000 $52,561 $4,421 8.69%
    $100k-200k 234 $30,350,000 $129,701 $4,731 8.15%
    $200k-400k 151 $41,495,000 $274,801 $5,597 6.90%
    $400k-600k 32 $15,260,000 $476,875 $6,870 6.32%
    $600k-1MM 12 $8,420,000 $701,667 $9,770 6.32%
    $1MM+ 5 $9,155,000 $1,831,000 $44,454 6.00%

    2023 saw Vantage West place emphasis on $100,000 or less loans with 697 originations, totaling $36,635,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 292 $34,840,000 $119,315 $5,299 8.32%
    $150k-250k 218 $35,200,000 $161,468 $6,985 8.12%
    $50k-75k 218 $18,350,000 $84,174 $4,985 8.25%
    $75k-100k 215 $20,745,000 $96,488 $5,347 8.38%
    $50k or less 124 $8,440,000 $68,065 $5,187 8.09%
    $250k+ 58 $18,530,000 $319,483 $17,536 8.14%

    Vantage West lent most frequently to those with incomes in the $100k-150k range, with 292 originations. The second most popular income band? $150k-250k, with 218 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 238 $23,920,000 $100,504 $5,125 8.17%
    30-36% 232 $27,770,000 $119,698 $6,231 8.27%
    44% 138 $15,240,000 $110,435 $5,567 8.68%
    <20% 86 $8,330,000 $96,860 $5,683 8.16%
    42% 59 $9,275,000 $157,203 $6,724 8.15%
    43% 56 $5,940,000 $106,071 $4,435 8.44%
    39% 46 $4,730,000 $102,826 $5,097 8.36%
    37% 42 $6,210,000 $147,857 $6,305 8.21%
    40% 42 $4,170,000 $99,286 $5,349 8.26%
    41% 40 $4,840,000 $121,000 $4,764 8.31%
    36% 36 $3,770,000 $104,722 $6,609 8.46%
    38% 31 $3,355,000 $108,226 $6,147 8.51%
    45% 28 $5,200,000 $185,714 $6,603 7.81%
    >60% 16 $1,140,000 $71,250 $0 8.08%
    49% 9 $2,455,000 $272,778 $4,802 6.50%
    48% 8 $2,310,000 $288,750 $6,336 6.33%
    46% 7 $4,975,000 $710,714 $26,160 7.21%
    47% 7 $1,335,000 $190,714 $5,135 6.98%
    50-60% 5 $1,255,000 $251,000 $7,794 6.45%

    Vantage West lent most frequently to those with DTI ratios of 20-30%, with 238 originations. The next most common DTI ratio? 30-36%, with 232 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 867 $99,875,000 $115,196 $5,738 8.27%
    Not provided 167 $19,965,000 $119,551 $5,925 8.13%
    Asian 29 $9,415,000 $324,655 $13,485 7.56%
    Not applicable 5 $5,095,000 $1,019,000 $0 5.94%
    Black 37 $3,905,000 $105,541 $5,374 8.56%
    American Indian 16 $1,420,000 $88,750 $4,619 8.67%
    Asian Indian 2 $750,000 $375,000 $6,360 6.63%
    Other Asian 3 $435,000 $145,000 $0 8.17%
    Filipino 2 $190,000 $95,000 $0 8.63%
    Other Pacific Islander 2 $160,000 $80,000 $0 8.63%
    Native Hawaiian or Islander 1 $105,000 $105,000 $0 8.25%

    Approval Rates

    Total approvals of all applications
    77.55%

    Vantage West has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    58.27%

    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 1,131 $141,315,000 $124,947

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,131 $141,315,000 $124,947

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 320 $34,270,000 $107,094 $3,932 8.58%
    40-60% 96 $19,240,000 $200,417 $4,896 7.81%
    60-80% 83 $26,585,000 $320,301 $7,479 6.51%
    80-100% 91 $33,775,000 $371,154 $6,517 6.24%
    Under 20% 541 $27,445,000 $50,730 $3,487 8.70%