Town Square Mortgage & Investments Rates, Fees & Info
Dallas, TXLEI: 254900AX110CHF6FVV28
Tax ID: 58-2307082
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Mortgage Data
Review & Overview
Town Square Mortgage & Investments is a smaller mortgage company specializing in Home Purchase loans. They have a a high proportion of FHA loans. Town Square Mortgage & Investments has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Dallas, Eagle Pass, Orlando, El Paso, and Austin among others. We have data for 35 markets. (Some data included below & more in-depth data is available with an active subscription.)Town Square Mortgage & Investments has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Town Square Mortgage & Investments is typically an average 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 7.28% | 12/16/24 |
| 30 Year Conventional Refi | 6.74% | 12/16/24 |
| 30 Year Cash-out Refi | 6.94% | 12/16/24 |
| 30 Year FHA Purchase | 7.79% | 12/16/24 |
| 30 Year FHA Refi | 7.60% | 12/16/24 |
| 30 Year VA Purchase | 6.50% | 12/16/24 |
| 30 Year VA Refi | 6.26% | 12/16/24 |
| 30 Year USDA Purchase | 6.81% | 12/16/24 |
| 15 Year Conventional Purchase | 6.58% | 12/16/24 |
| 15 Year Conventional Refi | 6.78% | 12/16/24 |
| 15 Year Cash-out Refi | 6.78% | 12/16/24 |
| 15 Year FHA Purchase | 5.68% | 12/16/24 |
| 15 Year FHA Refi | 5.68% | 12/16/24 |
| 15 Year VA Refi | 5.68% | 12/16/24 |
| 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. | ||
Town Square Mortgage & Investments Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,510Origination Dollar Volume (All Markets)
$287,610,000Awards
Town Square Mortgage & Investments - 2018
Town Square Mortgage & Investments is a 2018 , due to their low .
For 2018, less than of lenders were eligible for this award.
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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 |
|---|---|---|---|---|---|
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1,026 | $215,100,000 | $209,649 | $5,866 | 5.09% |
| Eagle Pass, TX (FHA|USDA|VA) | 87 | $13,505,000 | $155,230 | $5,086 | 5.03% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 50 | $9,100,000 | $182,000 | $5,730 | 5.33% |
| EL PASO, TX (FHA|USDA|VA) | 61 | $7,785,000 | $127,623 | $4,316 | 5.23% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 34 | $6,100,000 | $179,412 | $4,813 | 5.59% |
| BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) | 71 | $6,075,000 | $85,563 | $3,800 | 5.42% |
| Del Rio, TX (FHA|USDA|VA) | 38 | $5,710,000 | $150,263 | $4,886 | 5.10% |
| MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) | 30 | $4,510,000 | $150,333 | $4,362 | 5.18% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 27 | $4,395,000 | $162,778 | $5,147 | 5.52% |
| Outside of Metro Areas | 13 | $1,875,000 | $144,231 | $5,696 | 5.09% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 8 | $1,430,000 | $178,750 | $4,431 | 4.80% |
| Uvalde, TX (FHA|USDA|VA) | 9 | $1,395,000 | $155,000 | $4,758 | 4.99% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 6 | $1,000,000 | $166,667 | $5,386 | 5.29% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 5 | $965,000 | $193,000 | $5,693 | 5.18% |
| BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) | 7 | $885,000 | $126,429 | $4,060 | 5.32% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 3 | $855,000 | $285,000 | $6,904 | 4.25% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 4 | $730,000 | $182,500 | $5,101 | 4.94% |
| TYLER, TX (FHA|USDA|VA) | 3 | $635,000 | $211,667 | $5,484 | 4.79% |
| GREELEY, CO (FHA|USDA|VA) | 2 | $610,000 | $305,000 | $6,194 | 5.44% |
| Corsicana, TX (FHA|USDA|VA) | 3 | $555,000 | $185,000 | $8,206 | 4.96% |
| Athens, TX (FHA|USDA|VA) | 5 | $515,000 | $103,000 | $3,804 | 5.03% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $6,355 | 5.13% |
| Sulphur Springs, TX (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $9,292 | 4.69% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $2,936 | 4.88% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $6,652 | 5.50% |
| Fredericksburg, TX (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $3,310 | 5.38% |
| Rio Grande City-Roma, TX (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $4,490 | 5.31% |
| AMARILLO, TX (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $4,916 | 5.19% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $4,501 | 5.38% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $5,610 | 4.63% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $4,441 | 5.63% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $4,054 | 5.25% |
| Gainesville, TX (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,221 | 5.50% |
| LUBBOCK, TX (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $7,930 | 4.88% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $4,134 | 5.63% |
Similar Lenders
We use machine learning to identify the top lenders compared against Town Square Mortgage & Investments based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
For 2018, Town Square Mortgage & Investments's most frequently originated type of loan was FHA, with 723 originations. Their 2nd most popular type was Conventional, with 710 originations.
Loan Reason
For 2018, Town Square Mortgage & Investments's most frequently cited loan purpose was Home Purchase, with 1,388 originations. The 2nd most popular reason was Cash Out Refi, with 55 originations.
Loan Duration/Length
For 2018, Town Square Mortgage & Investments's most frequently cited loan duration was 30 Year, with 1,458 originations. The 2nd most popular length was 15 Year, with 44 originations.
Origination Fees/Closing Costs
Town Square Mortgage & Investments's average total fees were $5,550, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 623 originations.
Interest Rates
During 2018, Town Square Mortgage & Investments's average interest rate for loans was 5.16%, while their most frequently originated rate bucket for loans was 5-6%, with 798 originations.
Loan Sizing
2018 saw Town Square Mortgage & Investments place emphasis on $100k-200k loans with 818 originations, totaling $125,370,000 in origination value.
Applicant Income
Town Square Mortgage & Investments lent most frequently to those with incomes in the $50k-75k range, with 479 originations. The second most popular income band? $50k or less, with 466 originations.
Applicant Debt to Income Ratio
Town Square Mortgage & Investments lent most frequently to those with DTI ratios of 50-60%, with 262 originations. The next most common DTI ratio? 30-36%, with 188 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.18%
Town Square Mortgage & Investments has an average approval rate.
Pick Rate
Approvals leading to origination79.80%
Town Square Mortgage & Investments has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 1,510 | $287,610,000 | $190,470 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 12 | $1,810,000 | $150,833 |
| Single Family (1-4 Units):Site-Built | 1,498 | $285,800,000 | $190,788 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Town Square Mortgage & Investments, LLC | FHA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 50.0% |
| Town Square Mortgage & Investments, LLC | VA mortgage | Closing on a mortgage | 1 | 50.0% |