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. 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 7.28% | 4/22/24 |
| 30 Year Conventional Refi | 6.74% | 4/22/24 |
| 30 Year Cash-out Refi | 6.94% | 4/22/24 |
| 30 Year FHA Purchase | 7.79% | 4/22/24 |
| 30 Year FHA Refi | 7.60% | 4/22/24 |
| 30 Year VA Purchase | 6.50% | 4/22/24 |
| 30 Year VA Refi | 6.26% | 4/22/24 |
| 30 Year USDA Purchase | 6.81% | 4/22/24 |
| 15 Year Conventional Purchase | 6.58% | 4/22/24 |
| 15 Year Conventional Refi | 6.78% | 4/22/24 |
| 15 Year Cash-out Refi | 6.78% | 4/22/24 |
| 15 Year FHA Purchase | 5.68% | 4/22/24 |
| 15 Year FHA Refi | 5.68% | 4/22/24 |
| 15 Year VA Refi | 5.68% | 4/22/24 |
| 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
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.
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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) | 1,376 | $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.
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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 |