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 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 by origination volume include: Tucson, Phoenix, Sierra Vista, Nogales, and Show Low 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

    1,177

    Origination Dollar Volume (All Markets)

    $213,455,000

    Awards

    VANTAGE WEST 30 Year Conventional Loans bronze
    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) 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.

    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.

    First Credit Union
    Similarity Rank: 558
    AERO Federal Credit Union
    Similarity Rank: 1428
    ARIZONA CENTRAL
    Similarity Rank: 1672
    LOANFLIGHT LENDING, LLC
    Similarity Rank: 1950
    Western State Bank
    Similarity Rank: 2520
    PIMA Federal Credit Union
    Similarity Rank: 2655
    CREDIT UNION WEST
    Similarity Rank: 2888
    OneAZ Credit Union
    Similarity Rank: 3264
    WINNPOINTE CORPORATION
    Similarity Rank: 3266
    MERIWEST MORTGAGE COMPANY, LLC
    Similarity Rank: 3354

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 927 $197,025,000 $212,540 $3,302 2.96%
    HELOC 247 $15,795,000 $63,947 n/a 5.54%
    VA 2 $460,000 $230,000 $8,260 3.25%
    FHA 1 $175,000 $175,000 $8,404 2.88%

    For 2021, Vantage West's most frequently originated type of loan was Conventional, with 927 originations. Their 2nd most popular type was HELOC, with 247 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. 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 2021, Vantage West's most frequently cited loan purpose was Cash Out Refi, with 420 originations. The 2nd most popular reason was 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 2021, Vantage West's most frequently cited loan duration was 30 Year, with 591 originations. The 2nd most popular length was 20 Year, with 332 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost 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 41 $9,925,000 $242,073
    $4k-5k 20 $6,160,000 $308,000
    $5k+ 20 $9,790,000 $489,500

    Vantage West's average total fees were $3,597, while their most frequently occuring range of origination fees (closing costs) 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 for loans was 3.22%, while their most frequently originated rate bucket for loans was 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 or Islander 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
    81.43%

    Vantage West has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    35.85%

    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%