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, Houston, Sherman, Eagle Pass, and El Paso among others. We have data for 49 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.
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% | 4/14/24 |
| 30 Year Conventional Refi | 6.74% | 4/14/24 |
| 30 Year Cash-out Refi | 6.94% | 4/14/24 |
| 30 Year FHA Purchase | 7.79% | 4/14/24 |
| 30 Year FHA Refi | 7.60% | 4/14/24 |
| 30 Year VA Purchase | 6.50% | 4/14/24 |
| 30 Year VA Refi | 6.26% | 4/14/24 |
| 30 Year USDA Purchase | 6.81% | 4/14/24 |
| 15 Year Conventional Purchase | 6.58% | 4/14/24 |
| 15 Year Conventional Refi | 6.78% | 4/14/24 |
| 15 Year Cash-out Refi | 6.78% | 4/14/24 |
| 15 Year FHA Purchase | 5.68% | 4/14/24 |
| 15 Year FHA Refi | 5.68% | 4/14/24 |
| 15 Year VA Refi | 5.68% | 4/14/24 |
| 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
3,314Origination Dollar Volume (All Markets)
$615,600,000Awards
Town Square Mortgage & Investments - 2020
Town Square Mortgage & Investments is a 2020 , due to their low .
For 2020, 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) | 2,095 | $426,505,000 | $203,582 | $5,430 | 3.42% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 189 | $34,155,000 | $180,714 | $5,803 | 3.64% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 105 | $23,695,000 | $225,667 | $4,997 | 3.49% |
| Eagle Pass, TX (FHA|USDA|VA) | 219 | $23,005,000 | $105,046 | $3,494 | 3.41% |
| EL PASO, TX (FHA|USDA|VA) | 185 | $22,095,000 | $119,432 | $3,818 | 3.49% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 66 | $15,160,000 | $229,697 | $5,967 | 3.56% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 66 | $13,250,000 | $200,758 | $6,313 | 3.29% |
| Del Rio, TX (FHA|USDA|VA) | 97 | $9,985,000 | $102,938 | $5,355 | 3.51% |
| BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) | 78 | $7,340,000 | $94,103 | $4,692 | 3.87% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 34 | $4,850,000 | $142,647 | $4,732 | 3.01% |
| Outside of Metro Areas | 16 | $4,000,000 | $250,000 | $5,558 | 3.53% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 14 | $3,580,000 | $255,714 | $5,153 | 3.19% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 18 | $3,300,000 | $183,333 | $4,821 | 3.30% |
| MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) | 15 | $2,795,000 | $186,333 | $5,168 | 3.58% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 18 | $2,760,000 | $153,333 | $6,294 | 3.25% |
| Uvalde, TX (FHA|USDA|VA) | 14 | $1,330,000 | $95,000 | $3,177 | 3.13% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 5 | $1,195,000 | $239,000 | $4,630 | 3.07% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 6 | $1,190,000 | $198,333 | $6,421 | 3.10% |
| Durant, OK (FHA|USDA|VA) | 5 | $1,055,000 | $211,000 | $5,057 | 3.38% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 3 | $995,000 | $331,667 | $3,285 | 3.17% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 4 | $990,000 | $247,500 | $4,834 | 3.68% |
| WACO, TX (FHA|USDA|VA) | 4 | $940,000 | $235,000 | $4,851 | 2.78% |
| Athens, TX (FHA|USDA|VA) | 3 | $915,000 | $305,000 | $5,502 | 3.29% |
| TYLER, TX (FHA|USDA|VA) | 4 | $840,000 | $210,000 | $4,145 | 3.13% |
| Granbury, TX (FHA|USDA|VA) | 3 | $765,000 | $255,000 | $4,575 | 3.92% |
| Gainesville, TX (FHA|USDA|VA) | 3 | $735,000 | $245,000 | $6,159 | 3.21% |
| BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) | 4 | $730,000 | $182,500 | $4,218 | 3.69% |
| Bonham, TX (FHA|USDA|VA) | 5 | $725,000 | $145,000 | $3,595 | 3.73% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 3 | $715,000 | $238,333 | $5,512 | 3.17% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 3 | $665,000 | $221,667 | $4,545 | 3.29% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 2 | $570,000 | $285,000 | $6,774 | 3.75% |
| ODESSA, TX (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $5,529 | 2.88% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $7,517 | 3.50% |
| Huntsville, TX (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $3,111 | 2.75% |
| LAS CRUCES, NM (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $5,438 | 4.13% |
| GREELEY, CO (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $3,478 | 3.25% |
| Corsicana, TX (FHA|USDA|VA) | 3 | $355,000 | $118,333 | $4,269 | 3.29% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $2,972 | 3.94% |
| Paris, TX (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $10,922 | 4.13% |
| MIDLAND, TX (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $7,920 | 2.88% |
| Rio Grande City-Roma, TX (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $9,539 | 3.63% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 4 | $210,000 | $52,500 | $3,617 | 3.31% |
| Palestine, TX (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $6,709 | 2.75% |
| Nacogdoches, TX (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $5,528 | 4.13% |
| OCALA, FL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $6,841 | 2.75% |
| LONGVIEW, TX (FHA|USDA|VA) | 2 | $130,000 | $65,000 | $2,918 | 4.38% |
| LAWTON, OK (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $4,375 | 3.75% |
| WICHITA FALLS, TX (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,733 | 3.25% |
| LUBBOCK, TX (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $1,961 | 4.63% |
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Product Mix
For 2020, Town Square Mortgage & Investments's most frequently originated type of loan was FHA, with 1,586 originations. Their 2nd most popular type was Conventional, with 1,564 originations.
Loan Reason
For 2020, Town Square Mortgage & Investments's most frequently cited loan purpose was Home Purchase, with 2,639 originations. The 2nd most popular reason was Refi, with 464 originations.
Loan Duration/Length
For 2020, Town Square Mortgage & Investments's most frequently cited loan duration was 30 Year, with 3,035 originations. The 2nd most popular length was 15 Year, with 189 originations.
Origination Fees/Closing Costs
Town Square Mortgage & Investments's average total fees were $5,290, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,364 originations.
Interest Rates
During 2020, Town Square Mortgage & Investments's average interest rate for loans was 3.49%, while their most frequently originated rate bucket for loans was 3-4%, with 1,751 originations.
Loan Sizing
2020 saw Town Square Mortgage & Investments place emphasis on $100k-200k loans with 1,210 originations, totaling $192,930,000 in origination value.
Applicant Income
Town Square Mortgage & Investments lent most frequently to those with incomes in the $50k-75k range, with 1,143 originations. The second most popular income band? $50k or less, with 916 originations.
Applicant Debt to Income Ratio
Town Square Mortgage & Investments lent most frequently to those with DTI ratios of 30-36%, with 531 originations. The next most common DTI ratio? 50-60%, with 394 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.16%
Town Square Mortgage & Investments has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination66.11%
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 | 3,314 | $615,600,000 | $185,757 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 19 | $1,925,000 | $101,316 |
| Single Family (1-4 Units):Site-Built | 3,295 | $613,675,000 | $186,244 |