Vantage West Credit Union Mortgage Interest Rate and Cost Review

Is Vantage West Credit Union a cheap or expensive mortgage lender? We compare the interest rates and closing costs charged by Vantage West Credit Union with other lenders for comparable mortgages. Nationally, here is what we find:

Interest Ratelower than average (-0.11%)
Loan Related Closing Costslower than average (-$405)
National Rate and Closing Cost Rating(4.0)
Websitehttps://vantagewest.org

On average, Vantage West Credit Union’s interest rates were lower than those of other lenders (-0.11%) for a comparable set of borrowers. Its average total loan related closing cost was lower than those of other lenders, with a difference of -$405. Overall, combining interest rates and closing costs we estimate that Vantage West Credit Union tends to be a cheap lender, and give it a National Rate and Closing Costs Rating of 4.0 out of 5.0 stars.

Vantage West Credit Union’s Rates by Area

Mortgage lenders often set different rates in different geographical markets. In particular, among the markets we track Vantage West Credit Union was most active in:

  1. Tucson, AZ
  2. Phoenix, AZ
  3. Prescott Valley, AZ
  4. Pinetop-Lakeside, AZ
  5. Yuma, AZ

You can click through to check out Vantage West Credit Union’s mortgage rate competitiveness by area. Or, for our data driven ranking of all the top mortgage lenders by area, click here.

Vantage West Credit Union’s Rates by Mortgage Type

Mortgage lenders also tend to charge different interest rates and closing costs depending on the type of mortgage. In our data, Vantage West Credit Union originated Conforming, Jumbo and VA mortgages for new home purchases and refinances. We breakdown its interest rate and total loan related closing cost difference relative to other lenders for comparable mortgages by type in the table below.

Purchase/Refinance:
New Purchase MortgagesConformingJumboVA
Interest Rate Difference-0.11%-0.04%-0.06%
Loan Related Closing Cost Difference-$242-$57+$53
Cost Adjusted Rate Difference-0.14%-0.04%-0.06%
Star Rating(4.0)(3.5)(4.0)
Refinance MortgagesConformingJumboVA
Interest Rate Difference-0.12%-0.03%-0.01%
Loan Related Closing Cost Difference-$603+$25-$109
Cost Adjusted Rate Difference-0.18%-0.03%-0.02%
Star Rating(4.5)(3.5)(3.5)

As a summary, Vantage West Credit Union is cheap for Conforming and VA purchase mortgages. It is similar to other lenders for Jumbo purchase mortgages. For refinancing, Vantage West Credit Union is cheap for Conforming mortgage refinance. It is similar to other lenders for Jumbo and VA mortgage refinance. Nevertheless, individual circumstances can matter, and we always recommend shopping among several lenders in your area before signing.

Other information about Vantage West Credit Union:

Registered name: Vantage West Credit Union
Registered city and state: Tucson, AZ, 85708
Regulator: National Credit Union Administration (NCUA)

* Source of the data is Federal Financial Institutions Examination Council (FFIEC) and is for mortgages originated in the past year. Our comparable mortgages analysis controls for Vantage West Credit Union’s distribution of loan term (e.g. 30 year vs 15 year), loan-to-value (LTV), debt-to-income (DTI), loan amount, loan program (e.g. Conforming/FHA), loan purpose (e.g. purchase/refinance), and commuting zone. Cost adjusted rates were computed based on each percent of the loan amount in above average loan related closing costs being worth +0.15 of a percentage point in interest rate. Furthermore, the amounts are regularized using a Bayesian approach to control for small samples.