Town Square Mortgage & Investments Rates, Fees & Info
Dallas, TXLEI: 254900AX110CHF6FVV28
Tax ID: 58-2307082
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & 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 by origination volume include: Dallas, Eagle Pass, Houston, El Paso, and Sherman among others. We have data for 45 markets. (Some data included below & more in-depth data is available with an active subscription.)Town Square Mortgage & Investments has an 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.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.
SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 7.28% | 12/29/24 |
| 30 Year Conventional Refi | 6.74% | 12/29/24 |
| 30 Year Cash-out Refi | 6.94% | 12/29/24 |
| 30 Year FHA Purchase | 7.79% | 12/29/24 |
| 30 Year FHA Refi | 7.60% | 12/29/24 |
| 30 Year VA Purchase | 6.50% | 12/29/24 |
| 30 Year VA Refi | 6.26% | 12/29/24 |
| 30 Year USDA Purchase | 6.81% | 12/29/24 |
| 15 Year Conventional Purchase | 6.58% | 12/29/24 |
| 15 Year Conventional Refi | 6.78% | 12/29/24 |
| 15 Year Cash-out Refi | 6.78% | 12/29/24 |
| 15 Year FHA Purchase | 5.68% | 12/29/24 |
| 15 Year FHA Refi | 5.68% | 12/29/24 |
| 15 Year VA Refi | 5.68% | 12/29/24 |
| 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
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Town Square Mortgage & Investments. It uses our SimulatedRate™
technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.
The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
2,054Origination Dollar Volume (All Markets)
$433,850,000Awards
Town Square Mortgage & Investments - 2019
Town Square Mortgage & Investments is a 2019 , due to their low .
For 2019, less than of lenders were eligible for this award.
Work for Town Square Mortgage & Investments?
Use this award on your own site. Either save and use the images below, or pass the provided image embed code to your development team.
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) | 1,376 | $311,990,000 | $226,737 | $5,602 | 4.64% |
| Eagle Pass, TX (FHA|USDA|VA) | 119 | $18,555,000 | $155,924 | $4,532 | 4.85% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 81 | $16,315,000 | $201,420 | $5,270 | 5.10% |
| EL PASO, TX (FHA|USDA|VA) | 103 | $15,995,000 | $155,291 | $4,604 | 4.68% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 68 | $13,810,000 | $203,088 | $5,318 | 4.64% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 53 | $9,965,000 | $188,019 | $5,643 | 5.04% |
| Del Rio, TX (FHA|USDA|VA) | 36 | $5,340,000 | $148,333 | $4,300 | 4.69% |
| BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) | 29 | $4,685,000 | $161,552 | $4,826 | 5.33% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 18 | $4,110,000 | $228,333 | $4,771 | 4.80% |
| MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) | 24 | $4,070,000 | $169,583 | $4,983 | 4.92% |
| Outside of Metro Areas | 18 | $3,800,000 | $211,111 | $6,159 | 4.52% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 18 | $3,260,000 | $181,111 | $6,220 | 5.08% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 11 | $3,115,000 | $283,182 | $5,220 | 4.72% |
| BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) | 15 | $2,505,000 | $167,000 | $4,229 | 4.82% |
| Athens, TX (FHA|USDA|VA) | 6 | $1,670,000 | $278,333 | $5,008 | 4.41% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 7 | $1,295,000 | $185,000 | $5,218 | 4.75% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 5 | $1,025,000 | $205,000 | $6,722 | 3.75% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 6 | $950,000 | $158,333 | $3,797 | 4.67% |
| Uvalde, TX (FHA|USDA|VA) | 5 | $935,000 | $187,000 | $4,875 | 4.65% |
| Corsicana, TX (FHA|USDA|VA) | 4 | $860,000 | $215,000 | $4,617 | 5.53% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 5 | $835,000 | $167,000 | $4,131 | 5.02% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 4 | $760,000 | $190,000 | $4,602 | 4.53% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 2 | $740,000 | $370,000 | $3,615 | 5.06% |
| Durant, OK (FHA|USDA|VA) | 3 | $705,000 | $235,000 | $5,258 | 4.96% |
| Rio Grande City-Roma, TX (FHA|USDA|VA) | 4 | $630,000 | $157,500 | $5,014 | 4.84% |
| AMARILLO, TX (FHA|USDA|VA) | 4 | $630,000 | $157,500 | $2,344 | 4.56% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 2 | $550,000 | $275,000 | $4,382 | 4.56% |
| Granbury, TX (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $4,835 | 4.31% |
| Mount Pleasant, TX (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $6,257 | 3.75% |
| WACO, TX (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $4,760 | 4.87% |
| ABILENE, TX (FHA|USDA|VA) | 3 | $435,000 | $145,000 | $4,554 | 4.23% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 3 | $415,000 | $138,333 | $6,278 | 4.83% |
| Gainesville, TX (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $4,317 | 3.87% |
| LAS CRUCES, NM (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $3,961 | 4.00% |
| Fredericksburg, TX (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $5,065 | 4.13% |
| ODESSA, TX (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $6,205 | 4.81% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $6,441 | 4.99% |
| TYLER, TX (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $4,327 | 3.75% |
| Paris, TX (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $2,446 | 4.25% |
| Bonham, TX (FHA|USDA|VA) | 2 | $170,000 | $85,000 | $3,688 | 5.13% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,660 | 5.13% |
| Alamogordo, NM (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $2,562 | 4.38% |
| Alice, TX (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $5,496 | 4.99% |
| LAREDO, TX (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $3,356 | 4.38% |
| LUBBOCK, TX (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $3,564 | 4.88% |
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.
Similarity Rank: 72
Similarity Rank: 91
Similarity Rank: 174
Similarity Rank: 220
Similarity Rank: 243
Similarity Rank: 270
Similarity Rank: 288
Similarity Rank: 321
Similarity Rank: 342
Similarity Rank: 346
Product Mix
For 2019, Town Square Mortgage & Investments's most frequently originated type of loan was Conventional, with 1,071 originations. Their 2nd most popular type was FHA, with 883 originations.
Loan Reason
For 2019, Town Square Mortgage & Investments's most frequently cited loan purpose was Home Purchase, with 1,762 originations. The 2nd most popular reason was Cash Out Refi, with 161 originations.
Loan Duration/Length
For 2019, Town Square Mortgage & Investments's most frequently cited loan duration was 30 Year, with 1,964 originations. The 2nd most popular length was 15 Year, with 64 originations.
Origination Fees/Closing Costs
Town Square Mortgage & Investments's average total fees were $5,409, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 950 originations.
Interest Rates
During 2019, Town Square Mortgage & Investments's average interest rate for loans was 4.73%, while their most frequently originated rate bucket for loans was 4-5%, with 1,128 originations.
Loan Sizing
2019 saw Town Square Mortgage & Investments place emphasis on $100k-200k loans with 1,064 originations, totaling $167,390,000 in origination value.
Applicant Income
Town Square Mortgage & Investments lent most frequently to those with incomes in the $50k-75k range, with 670 originations. The second most popular income band? $50k or less, with 536 originations.
Applicant Debt to Income Ratio
Town Square Mortgage & Investments lent most frequently to those with DTI ratios of 30-36%, with 284 originations. The next most common DTI ratio? 50-60%, with 278 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications89.39%
Town Square Mortgage & Investments has an average approval rate.
Pick Rate
Approvals leading to origination67.77%
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 | 2,054 | $433,850,000 | $211,222 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 20 | $2,820,000 | $141,000 |
| Single Family (1-4 Units):Site-Built | 2,034 | $431,030,000 | $211,912 |