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, Houston, Eagle Pass, El Paso, and Sherman among others. We have data for 51 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% | 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
4,222Origination Dollar Volume (All Markets)
$873,210,000Awards
Town Square Mortgage & Investments - 2021
Town Square Mortgage & Investments is a 2021 , due to their low .
For 2021, 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) | 2,587 | $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% |
Similar Lenders
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Product Mix
For 2021, Town Square Mortgage & Investments's most frequently originated type of loan was Conventional, with 2,178 originations. Their 2nd most popular type was FHA, with 1,885 originations.
Loan Reason
For 2021, Town Square Mortgage & Investments's most frequently cited loan purpose was Home Purchase, with 3,536 originations. The 2nd most popular reason was Refi, with 364 originations.
Loan Duration/Length
For 2021, Town Square Mortgage & Investments's most frequently cited loan duration was 30 Year, with 3,943 originations. The 2nd most popular length was 15 Year, with 191 originations.
Origination Fees/Closing Costs
Town Square Mortgage & Investments's average total fees were $6,102, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 1,383 originations.
Interest Rates
During 2021, Town Square Mortgage & Investments's average interest rate for loans was 3.40%, while their most frequently originated rate bucket for loans was 3-4%, with 2,742 originations.
Loan Sizing
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
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
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
Approval Rates
Total approvals of all applications93.29%
Town Square Mortgage & Investments has an average approval rate.
Pick Rate
Approvals leading to origination64.73%
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 |
LTV Distribution
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% |