Vantage West Mortgage Rates, Fees & Info

Tucson, AZ

LEI: 549300Z4HQ7YDKUVEW39

Tax ID: 86-0120482

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

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • 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. Their top markets by origination volume include: Tucson, Phoenix, Sierra Vista, Prescott Valley, and Nogales among others. We have data for 10 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.

    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% 11/17/24
    30 Year Conventional Purchase 6.41% 11/17/24
    30 Year Conventional Refi 6.29% 11/17/24
    30 Year Cash-out Refi 6.69% 11/17/24
    30 Year VA Purchase 6.27% 11/17/24
    30 Year VA Refi 6.27% 11/17/24
    15 Year Conventional Purchase 5.47% 11/17/24
    15 Year Conventional Refi 5.89% 11/17/24
    15 Year Cash-out Refi 5.89% 11/17/24
    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.

    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

    673

    Origination Dollar Volume (All Markets)

    $153,505,000

    Awards

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

    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) 514 $112,410,000 $218,696 $3,201 3.98%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 132 $35,910,000 $272,045 $3,256 3.96%
    SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) 8 $1,610,000 $201,250 $3,789 4.05%
    PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 5 $1,355,000 $271,000 $3,175 3.75%
    Nogales, AZ (FHA|USDA|VA) 6 $680,000 $113,333 $2,921 4.02%
    FLAGSTAFF, AZ (FHA|USDA|VA) 1 $595,000 $595,000 $4,848 4.13%
    Show Low, AZ (FHA|USDA|VA) 3 $365,000 $121,667 $3,010 4.13%
    Outside of Metro Areas 2 $240,000 $120,000 $3,533 4.06%
    Safford, AZ (FHA|USDA|VA) 1 $225,000 $225,000 $3,321 3.88%
    YUMA, AZ (FHA|USDA|VA) 1 $115,000 $115,000 $2,571 5.25%
    Vantage West's top markets include Tucson, Phoenix, Sierra Vista, Prescott Valley, and Nogales among others.

    Their top states include:
  • Arizona (FHA|USDA|VA)

    • 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.

    Deer Valley Credit Union
    Similarity Rank: 820
    ARIZONA
    Similarity Rank: 1296
    PIMA Federal Credit Union
    Similarity Rank: 1344
    BELEM SERVICING LLC
    Similarity Rank: 1598
    First Credit Union
    Similarity Rank: 1639
    Canyon State Credit Union
    Similarity Rank: 1710
    CREDIT UNION WEST
    Similarity Rank: 1806
    LOANFLIGHT LENDING, LLC
    Similarity Rank: 1850
    ARIZONA CENTRAL
    Similarity Rank: 1992
    OneAZ Credit Union
    Similarity Rank: 2171

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 644 $146,370,000 $227,283 $3,075 3.99%
    VA 29 $7,135,000 $246,034 $6,375 3.73%

    For 2019, Vantage West's most frequently originated type of loan was Conventional, with 644 originations. Their 2nd most popular type was VA, with 29 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 257 $65,555,000 $255,078 $4,114 4.13%
    Cash Out Refi 180 $39,450,000 $219,167 $2,874 4.01%
    Refi 123 $25,525,000 $207,520 $2,490 3.67%
    Other 95 $20,505,000 $215,842 $2,563 3.88%
    Home Improvement 18 $2,470,000 $137,222 $2,485 4.06%

    For 2019, Vantage West's most frequently cited loan purpose was Home Purchase, with 257 originations. The 2nd most popular reason was Cash Out Refi, with 180 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 482 $112,760,000 $233,942 $3,460 4.10%
    15 Year 132 $25,990,000 $196,894 $2,571 3.54%
    20 Year 42 $8,620,000 $205,238 $2,621 3.90%
    10 Year 11 $2,185,000 $198,636 $2,408 3.43%
    Other 5 $3,555,000 $711,000 $5,976 5.01%
    5 Year 1 $395,000 $395,000 $0 4.98%

    For 2019, Vantage West's most frequently cited loan duration was 30 Year, with 482 originations. The 2nd most popular length was 15 Year, with 132 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 422 $98,480,000 $233,365
    $1k-2k 189 $35,775,000 $189,286
    $2k-3k 39 $10,085,000 $258,590
    $3k-4k 9 $2,665,000 $296,111
    $4k-5k 5 $1,265,000 $253,000
    $5k+ 4 $1,840,000 $460,000

    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 422 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 374 $85,760,000 $229,305
    4-5% 258 $55,670,000 $215,775
    2.5-3% 25 $7,685,000 $307,400
    5-6% 16 $4,390,000 $274,375

    During 2019, Vantage West's average interest rate for loans was 4.10%, while their most frequently originated rate bucket for loans was 3-4%, with 374 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 297 $78,335,000 $263,754 $3,403 3.88%
    $100k-200k 273 $40,595,000 $148,700 $2,893 4.04%
    $100,000 or less 51 $3,985,000 $78,137 $2,478 4.27%
    $400k-600k 37 $17,455,000 $471,757 $4,797 3.86%
    $600k-1MM 11 $8,235,000 $748,636 $3,729 3.88%
    $1MM+ 4 $4,900,000 $1,225,000 $7,053 4.38%

    2019 saw Vantage West place emphasis on $200k-400k loans with 297 originations, totaling $78,335,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 183 $33,405,000 $182,541 $3,167 4.07%
    $75k-100k 142 $28,250,000 $198,944 $3,111 4.00%
    $100k-150k 132 $33,000,000 $250,000 $3,347 3.87%
    $50k or less 103 $13,355,000 $129,660 $3,011 4.15%
    $150k-250k 79 $27,805,000 $351,962 $3,446 3.74%
    $250k+ 29 $14,295,000 $492,931 $3,591 3.59%

    Vantage West lent most frequently to those with incomes in the $50k-75k range, with 183 originations. The second most popular income band? $75k-100k, with 142 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 181 $42,415,000 $234,337 $3,257 3.91%
    30-36% 148 $32,590,000 $220,203 $3,286 3.97%
    <20% 80 $18,090,000 $226,125 $3,058 3.76%
    42% 32 $6,630,000 $207,188 $2,800 4.25%
    37% 27 $6,285,000 $232,778 $3,166 4.02%
    39% 25 $7,025,000 $281,000 $3,350 3.99%
    43% 23 $5,905,000 $256,739 $3,646 4.28%
    38% 21 $4,075,000 $194,048 $2,818 3.86%
    36% 21 $4,125,000 $196,429 $2,908 3.97%
    40% 20 $4,090,000 $204,500 $2,869 4.12%
    44% 19 $3,695,000 $194,474 $2,847 4.13%
    41% 16 $3,360,000 $210,000 $3,136 4.20%
    45% 14 $3,060,000 $218,571 $3,742 3.95%
    46% 10 $3,250,000 $325,000 $3,651 3.94%
    47% 9 $1,395,000 $155,000 $3,611 4.03%
    48% 9 $1,675,000 $186,111 $3,714 4.19%
    49% 9 $1,515,000 $168,333 $2,768 3.99%
    50-60% 4 $930,000 $232,500 $6,237 3.66%

    Vantage West lent most frequently to those with DTI ratios of 20-30%, with 181 originations. The next most common DTI ratio? 30-36%, with 148 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 560 $121,980,000 $217,821 $3,181 3.98%
    Not provided 53 $15,155,000 $285,943 $3,306 4.00%
    Black 23 $5,505,000 $239,348 $3,672 3.80%
    Asian 23 $5,445,000 $236,739 $3,616 3.82%
    Not applicable 5 $3,395,000 $679,000 $0 5.13%
    American Indian 7 $1,535,000 $219,286 $2,748 4.07%
    Korean 1 $265,000 $265,000 $3,817 3.75%
    Native Hawaiian or Islander 1 $225,000 $225,000 $2,610 2.88%

    Approval Rates

    Total approvals of all applications
    85.20%

    Vantage West has an average approval rate.

    Pick Rate

    Approvals leading to origination
    49.93%

    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 673 $153,505,000 $228,091

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 4 $2,790,000 $697,500
    Single Family (1-4 Units):Site-Built 669 $150,715,000 $225,284

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 29 $2,995,000 $103,276 $2,402 4.03%
    40-60% 84 $15,190,000 $180,833 $2,544 3.82%
    60-80% 262 $54,540,000 $208,168 $2,855 4.00%
    80-100% 291 $78,985,000 $271,426 $3,638 4.01%
    Over 100% 6 $1,730,000 $288,333 $11,838 3.65%
    Under 20% 1 $65,000 $65,000 $2,250 3.75%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    VANDYK MORTGAGE CORPORATION Conventional home mortgage Closing on a mortgage 1 50.0%
    VANDYK MORTGAGE CORPORATION VA mortgage Improper use of your report 1 50.0%