OneWest Bank’s Mortgage Rates and Review
OneWest Bank, although based in southern California, can provide mortgages and home refinancing to consumers throughout the country.
About OneWest Bank FSB:
OneWest Bank, FSB is a regional bank focused on delivering personalized, relationship-based banking to its customers. The bank has 82 retail branches in Southern California with approximately $14 billion in deposits and total assets of $27 billion, including a loan portfolio, a securities portfolio, a servicing platform with mortgage servicing rights (MSRs) representing over 550,000 borrowers, and a reverse mortgage platform – Financial Freedom. OneWest is an FDIC-insured institution, and funds deposited in the bank are insured up to the FDIC’s insurance limit of $250,000 per depositor.
Current Mortgage Rates offered through OneWest Bank:
The 30 year fixed mortgage rates below are listed from lowest APR to highest APR. These rates are time sensitive in nature so please refer to the date of this article for accuracy. The scenario below assumes you are applying for a $170,000 home loan with an estimated home value of $240,000.
| 30 year fixed | ||||||
|---|---|---|---|---|---|---|
| Rate | Points | Points/Credit | Cost | Total | APR | Monthly |
| 4.375% | 1.459% | $2,553 | $4,766 | $7,319 | 4.628% APR | $874 |
| 4.50% | 0.729% | $1,276 | $4,766 | $6,042 | 4.690% APR | $887 |
| 4.625% | 0.241% | $422 | $4,766 | $5,188 | 4.773% APR | $900 |
| 4.75% | 0.00% | $229 credit | $4,766 | $4,537 | 4.866% APR | $913 |
| 4.875% | 0.00% | $1,152 credit | $4,766 | $3,614 | 4.945% APR | $926 |
| 5.00% | 0.00% | $2,191 credit | $4,766 | $2,575 | 5.018% APR | $939 |
| 5.125% | 0.00% | $2,406 credit | $4,766 | $2,360 | 5.133% APR | $953 |
The above pricing is accuarte as of July 21, 2010.
Terms and Conditions:
You may apply negative discount points, also known as a rebate, toward the payment of non-recurring closing costs only. If the rebate amount exceeds your non-recurring closing costs, OneWest Bank is not able to pay this amount to you. If this is the case, please select a lower interest rate.
Credit score restrictions may apply. Not all applicants will qualify for this rate and applications are subject to review of credit and collateral. Rates and terms are subject to change without notice.
If you have experience in dealing with OneWest Bank’s home loan application process, please share by leaving a comment!
