Town Square Mortgage & Investments Rates, Fees & Info

Dallas, TX

LEI: 254900AX110CHF6FVV28

Tax ID: 58-2307082

2.9 stars - out of 5 stars, based on 65 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Town Square Mortgage & Investments is a smaller mortgage company specializing in Home Purchase loans. Town Square Mortgage & Investments has a high proportion of conventional loans. They have a a high proportion of FHA loans. They have a low ratio of USDA loans. Their top markets include Dallas, Houston, Eagle Pass, El Paso, and Sherman among others. Town Square Mortgage & Investments has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Town Square Mortgage & Investments is typically a high fee lendor.


Originations

4,222

Origination Dollar Volume (All Markets)

$873,210,000
Show all (9) awards

Relative Rate

Town Square Mortgage & Investments 's average 30 year fixed rate mortgage of loans were 3.4%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of 0.25%.

Relative Fees

Town Square Mortgage & Investments 's average total fees for a 30 year fixed rate mortgage are $6,102.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 2,587 $584,095,000 $225,781 $6,245 3.36%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 328 $64,960,000 $198,049 $6,218 3.52%
Eagle Pass, TX (FHA|USDA|VA) 276 $39,400,000 $142,754 $4,469 3.24%
EL PASO, TX (FHA|USDA|VA) 167 $26,055,000 $156,018 $5,576 3.27%
SHERMAN-DENISON, TX (FHA|USDA|VA) 95 $21,355,000 $224,789 $5,481 3.30%
OKLAHOMA CITY, OK (FHA|USDA|VA) 115 $19,245,000 $167,348 $5,094 3.41%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 82 $18,770,000 $228,902 $6,614 3.28%
Del Rio, TX (FHA|USDA|VA) 171 $18,575,000 $108,626 $5,940 3.51%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 55 $14,715,000 $267,545 $6,748 3.16%
Outside of Metro Areas 37 $7,775,000 $210,135 $5,899 3.23%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 38 $7,120,000 $187,368 $6,346 3.41%
MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 30 $6,790,000 $226,333 $7,227 3.13%
BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 51 $6,565,000 $128,725 $5,066 3.43%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 19 $4,995,000 $262,895 $5,260 3.39%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 23 $4,695,000 $204,130 $6,595 3.19%
Uvalde, TX (FHA|USDA|VA) 31 $3,265,000 $105,323 $4,889 3.50%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 8 $2,170,000 $271,250 $6,365 3.06%
LAS CRUCES, NM (FHA|USDA|VA) 8 $1,630,000 $203,750 $4,673 3.17%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 7 $1,595,000 $227,857 $5,228 3.45%
BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 10 $1,490,000 $149,000 $4,756 3.32%
Athens, TX (FHA|USDA|VA) 8 $1,450,000 $181,250 $4,939 3.02%
Jacksonville, TX (FHA|USDA|VA) 1 $1,385,000 $1,385,000 $11,370 3.50%
Gainesville, TX (FHA|USDA|VA) 7 $1,235,000 $176,429 $6,774 3.11%
Corsicana, TX (FHA|USDA|VA) 9 $1,205,000 $133,889 $7,218 3.78%
Bonham, TX (FHA|USDA|VA) 4 $1,090,000 $272,500 $4,961 3.25%
WACO, TX (FHA|USDA|VA) 4 $980,000 $245,000 $5,082 3.06%
TYLER, TX (FHA|USDA|VA) 3 $835,000 $278,333 $3,131 3.25%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 3 $815,000 $271,667 $4,056 3.25%
Granbury, TX (FHA|USDA|VA) 5 $755,000 $151,000 $7,018 3.33%
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 3 $695,000 $231,667 $7,969 2.83%
OCALA, FL (FHA|USDA|VA) 4 $670,000 $167,500 $5,540 3.06%
TULSA, OK (FHA|USDA|VA) 3 $655,000 $218,333 $4,519 3.63%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 4 $650,000 $162,500 $6,160 3.06%
Rio Grande City-Roma, TX (FHA|USDA|VA) 4 $640,000 $160,000 $4,328 3.41%
MIDLAND, TX (FHA|USDA|VA) 2 $610,000 $305,000 $6,057 3.25%
PORT ST. LUCIE, FL (FHA|USDA|VA) 2 $500,000 $250,000 $5,442 3.19%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 2 $430,000 $215,000 $3,416 3.31%
JACKSONVILLE, FL (FHA|USDA|VA) 1 $375,000 $375,000 $11,723 3.25%
Fredericksburg, TX (FHA|USDA|VA) 1 $375,000 $375,000 $4,970 3.88%
LONGVIEW, TX (FHA|USDA|VA) 2 $360,000 $180,000 $3,377 3.06%
Paris, TX (FHA|USDA|VA) 1 $315,000 $315,000 $4,691 3.88%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 2 $260,000 $130,000 $3,824 3.14%
Durant, OK (FHA|USDA|VA) 1 $245,000 $245,000 $4,230 3.50%
LAREDO, TX (FHA|USDA|VA) 1 $225,000 $225,000 $9,968 3.88%
Huntsville, TX (FHA|USDA|VA) 1 $225,000 $225,000 $9,755 3.25%
Mineral Wells, TX (FHA|USDA|VA) 1 $215,000 $215,000 $4,749 3.25%
Andrews, TX (FHA|USDA|VA) 1 $195,000 $195,000 $3,023 3.50%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $195,000 $195,000 $5,227 2.88%
Arcadia, FL (FHA|USDA|VA) 1 $155,000 $155,000 $5,562 2.88%
Ada, OK (FHA|USDA|VA) 1 $115,000 $115,000 $4,399 3.50%
PUNTA GORDA, FL (FHA|USDA|VA) 1 $95,000 $95,000 $5,350 4.38%

Town Square Mortgage & Investments 's top markets include Dallas, Houston, Eagle Pass, El Paso, and Sherman among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 2,178 $545,640,000 $250,523 $4,821 3.34%
FHA 1,885 $290,465,000 $154,093 $7,393 3.40%
USDA 80 $15,220,000 $190,250 $4,209 2.88%
VA 79 $21,885,000 $277,025 $7,302 3.12%

For the 2021 period, Town Square Mortgage & Investments 's most frequently originated loan type of loans were Conventional, with 2,178 originations. Their 2nd most popular type is FHA, with 1,885 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 3,536 $702,620,000 $198,705 $6,231 3.41%
Refi 364 $90,960,000 $249,890 $4,424 2.93%
Cash Out Refi 322 $79,630,000 $247,298 $5,406 3.28%

For the 2021, Town Square Mortgage & Investments 's most frequently cited loan purpose of loans were Home Purchase, with 3,536 originations. The 2nd most popular reason of loans were Refi, with 364 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 3,943 $810,535,000 $205,563 $6,102 3.40%
15 Year 191 $41,855,000 $219,136 $4,840 2.73%
20 Year 60 $14,410,000 $240,167 $4,629 2.96%
Other 17 $4,185,000 $246,176 $4,193 2.94%
10 Year 11 $2,225,000 $202,273 $4,211 2.36%

For the 2021, Town Square Mortgage & Investments 's most frequently cited loan length of loans were 30 Year, with 3,943 originations. The 2nd most popular length of loans were 15 Year, with 191 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$1k-2k 1,383 $348,195,000 $251,768
$<1k 1,185 $241,495,000 $203,793
$2k-3k 1,134 $168,110,000 $148,245
$3k-4k 407 $82,285,000 $202,174
$5k+ 113 $33,125,000 $293,142

$6,102 of loans were Town Square Mortgage & Investments 's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 1,383 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
3-4% 2,742 $512,470,000 $186,896
2.5-3% 1,098 $279,700,000 $254,736
<2.5% 175 $47,395,000 $270,829
4-5% 138 $19,530,000 $141,522
7-8% 33 $6,415,000 $194,394
Over 8% 29 $6,175,000 $212,931
6-7% 7 $1,525,000 $217,857

During 2021, Town Square Mortgage & Investments 's average interest rate of loans were 3.40%, while their most frequently originated rate bucket of loans were 3-4%, with 2,742 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 1,926 $512,150,000 $265,914 $6,816 3.31%
$100k-200k 1,262 $202,670,000 $160,594 $5,391 3.37%
$100,000 or less 744 $13,220,000 $17,769 $4,884 3.58%
$400k-600k 269 $127,255,000 $473,067 $5,943 3.00%
$600k-1MM 17 $13,125,000 $772,059 $9,862 3.11%
$1MM+ 4 $4,790,000 $1,197,500 $13,135 3.09%

2021 saw Town Square Mortgage & Investments place emphasis on $200k-400k loans with 1,926 originations, totaling $512,150,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$50k-75k 1,503 $252,595,000 $168,061 $6,259 3.45%
$50k or less 1,039 $140,885,000 $135,597 $5,732 3.33%
$75k-100k 692 $152,330,000 $220,130 $6,259 3.36%
$100k-150k 557 $163,565,000 $293,654 $5,786 3.28%
$150k-250k 317 $115,005,000 $362,792 $5,517 3.17%
$250k+ 112 $48,490,000 $432,946 $6,319 3.31%

Town Square Mortgage & Investments lent most frequently to those with incomes in the $50k-75k range, with 1,503 originations. The second most popular income band? $50k or less, with 1,039 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 673 $110,245,000 $163,811 $4,943 3.40%
30-36% 607 $132,105,000 $217,636 $5,406 3.34%
<20% 337 $36,385,000 $107,967 $5,315 3.62%
50-60% 292 $68,900,000 $235,959 $8,636 3.21%
49% 217 $48,445,000 $223,249 $6,607 3.29%
44% 208 $46,560,000 $223,846 $5,964 3.28%
41% 186 $41,770,000 $224,570 $5,916 3.32%
43% 177 $41,295,000 $233,305 $6,406 3.35%
42% 174 $37,990,000 $218,333 $5,901 3.27%
48% 164 $39,940,000 $243,537 $6,960 3.34%
40% 163 $37,265,000 $228,620 $6,003 3.33%
45% 161 $36,035,000 $223,820 $6,292 3.29%
39% 156 $37,470,000 $240,192 $6,168 3.35%
47% 150 $30,800,000 $205,333 $6,271 3.28%
46% 146 $32,670,000 $223,767 $6,655 3.33%
38% 137 $29,795,000 $217,482 $5,666 3.37%
37% 135 $31,825,000 $235,741 $6,181 3.48%
36% 120 $29,390,000 $244,917 $6,219 3.40%
>60% 17 $3,985,000 $234,412 $8,613 3.11%

Town Square Mortgage & Investments lent most frequently to those with DTI ratios of 20-30%, with 673 originations. The next most common DTI ratio? 30-36%, with 607 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 3,503 $711,355,000 $203,070 $5,992 3.36%
Not provided 339 $73,785,000 $217,655 $6,506 3.41%
Black 229 $45,415,000 $198,319 $6,053 3.36%
Asian 102 $31,180,000 $305,686 $5,311 3.02%
American Indian 25 $6,645,000 $265,800 $4,614 3.37%
Native Hawaiian 16 $2,600,000 $162,500 $5,690 3.43%
Asian Indian 3 $1,045,000 $348,333 $7,516 2.83%
Other Asian 2 $730,000 $365,000 $4,027 3.06%
Other Pacific Islander 2 $360,000 $180,000 $7,025 3.31%
Guamanian 1 $95,000 $95,000 $5,064 4.13%

Approval Rates

Total approvals of all applications
93.65%

Town Square Mortgage & Investments has an average approval rate.

Pick Rate

Approvals leading to origination
67.76%

Town Square Mortgage & Investments 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 4,222 $873,210,000 $206,824

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
4,222 $873,210,000 $206,824

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 51 $9,015,000 $176,765 $4,241 3.12%
40-60% 202 $42,700,000 $211,386 $4,486 2.98%
60-80% 754 $202,500,000 $268,568 $5,143 3.37%
80-100% 2,533 $606,495,000 $239,437 $6,642 3.33%
Over 100% 27 $6,845,000 $253,519 $10,373 3.21%
Under 20% 652 $5,180,000 $7,945 $5,008 3.59%

Complaints

Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
Town Square Mortgage & Investments, LLC FHA mortgage Applying for a mortgage or refinancing an existing mortgage 1 100.0%