Western Alliance Bank Mortgage Rates, Fees & Info
PHOENIX, AZLEI: SI7YQSVPFZBSQ878IC17
Tax ID: 47-0887231
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Mortgage Data
Review & Overview
Western Alliance Bank is a smaller bank specializing in Home Purchase loans. Western Alliance Bank has a high proportion of conventional loans. Their top markets by origination volume include: Riverside, Tampa, Los Angeles, Las Vegas, and Stockton among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)Western Alliance Bank has an above average approval rate when compared to the average across all lenders.
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Originations
9Origination Dollar Volume (All Markets)
$56,585,000Top 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 |
|---|---|---|---|---|---|
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 4 | $29,150,000 | $7,287,500 | $0 | 0.00% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $22,245,000 | $22,245,000 | $0 | 0.00% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 1 | $2,245,000 | $2,245,000 | $0 | 0.00% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 1 | $1,755,000 | $1,755,000 | $0 | 0.00% |
| STOCKTON, CA (FHA|USDA|VA) | 1 | $905,000 | $905,000 | $0 | 0.00% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 9 | $56,585,000 | $6,287,222 | $0 | 0.00% |
For 2023, Western Alliance Bank's most frequently originated type of loan was Conventional, with 9 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 9 | $56,585,000 | $6,287,222 | $0 | 0.00% |
For 2023, Western Alliance Bank's most frequently cited loan purpose was Home Purchase, with 9 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 9 | $56,585,000 | $6,287,222 | $0 | 0.00% |
For 2023, Western Alliance Bank's most frequently cited loan duration was Other, with 9 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $1MM+ | 6 | $54,770,000 | $9,128,333 | $0 | 0.00% |
| $600k-1MM | 2 | $1,530,000 | $765,000 | $0 | 0.00% |
| $200k-400k | 1 | $285,000 | $285,000 | $0 | 0.00% |
2023 saw Western Alliance Bank place emphasis on $1MM+ loans with 6 originations, totaling $54,770,000 in origination value.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 9 | $56,585,000 | $6,287,222 | $0 | 0.00% |
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Not applicable | 9 | $56,585,000 | $6,287,222 | $0 | 0.00% |
Approval Rates
Total approvals of all applications100.00%
Western Alliance Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 9 | $56,585,000 | $6,287,222 |