Vantage West Mortgage Rates, Fees & Info
Tucson, AZLEI: 549300Z4HQ7YDKUVEW39
Tax ID: 86-0120482
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Mortgage Data
Review & Overview
Vantage West is a smaller mortgage company specializing in Home Purchase and Cash Out 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 by origination volume include: Tucson, Phoenix, Prescott Valley, Nogales, and Show Low among others. We have data for 7 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 a low 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 7.32% | 12/3/24 |
| 30 Year Conventional Purchase | 6.41% | 12/3/24 |
| 30 Year Conventional Refi | 6.29% | 12/3/24 |
| 30 Year Cash-out Refi | 6.69% | 12/3/24 |
| 30 Year VA Purchase | 6.27% | 12/3/24 |
| 30 Year VA Refi | 6.27% | 12/3/24 |
| 15 Year Conventional Purchase | 5.47% | 12/3/24 |
| 15 Year Conventional Refi | 5.89% | 12/3/24 |
| 15 Year Cash-out Refi | 5.89% | 12/3/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
293Origination Dollar Volume (All Markets)
$60,375,000Awards
VANTAGE WEST - 2018
VANTAGE WEST is a 2018 , due to their low .
For 2018, less than of lenders were eligible for this award.
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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) | 241 | $51,175,000 | $212,344 | $3,315 | 4.73% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 43 | $7,385,000 | $171,744 | $3,082 | 4.71% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 2 | $550,000 | $275,000 | $3,558 | 4.77% |
| Nogales, AZ (FHA|USDA|VA) | 3 | $525,000 | $175,000 | $2,814 | 4.83% |
| Show Low, AZ (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $3,347 | 4.63% |
| Outside of Metro Areas | 1 | $305,000 | $305,000 | $4,801 | 4.63% |
| SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,308 | 4.25% |
Similar Lenders
We use machine learning to identify the top lenders compared against VANTAGE WEST based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 274 | $57,020,000 | $208,102 | $3,149 | 4.73% |
| VA | 18 | $3,190,000 | $177,222 | $5,186 | 4.63% |
| FHA | 1 | $165,000 | $165,000 | $3,696 | 4.63% |
For 2018, Vantage West's most frequently originated type of loan was Conventional, with 274 originations. Their 2nd most popular type was VA, with 18 originations.
Loan Reason
For 2018, Vantage West's most frequently cited loan purpose was Home Purchase, with 137 originations. The 2nd most popular reason was Cash Out Refi, with 73 originations.
Loan Duration/Length
For 2018, Vantage West's most frequently cited loan duration was 30 Year, with 198 originations. The 2nd most popular length was 15 Year, with 53 originations.
Origination Fees/Closing Costs
Vantage West's average total fees were $3,460, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 168 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 237 | $50,345,000 | $212,426 |
| 5-6% | 40 | $7,020,000 | $175,500 |
| 3-4% | 16 | $3,010,000 | $188,125 |
During 2018, Vantage West's average interest rate for loans was 4.83%, while their most frequently originated rate bucket for loans was 4-5%, with 237 originations.
Loan Sizing
2018 saw Vantage West place emphasis on $100k-200k loans with 141 originations, totaling $20,305,000 in origination value.
Applicant Income
Vantage West lent most frequently to those with incomes in the $50k-75k range, with 78 originations. The second most popular income band? $50k or less, with 65 originations.
Applicant Debt to Income Ratio
Vantage West lent most frequently to those with DTI ratios of 20-30%, with 65 originations. The next most common DTI ratio? 30-36%, with 54 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications80.17%
Vantage West has a below average approval rate.
Pick Rate
Approvals leading to origination55.97%
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 | 293 | $60,375,000 | $206,058 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Multifamily:Site-Built | 3 | $1,215,000 | $405,000 |
| Single Family (1-4 Units):Site-Built | 290 | $59,160,000 | $204,000 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| VANDYK MORTGAGE CORPORATION | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 50.0% |
| VANDYK MORTGAGE CORPORATION | FHA mortgage | Closing on a mortgage | 1 | 50.0% |