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, El Paso, Sherman, and Oklahoma City among others. We have data for 68 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 a high 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 relatively high 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
2,744Origination Dollar Volume (All Markets)
$794,910,000Awards
Town Square Mortgage & Investments - 2022
Town Square Mortgage & Investments is a 2022 , due to their low .
For 2022, 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) | 1,762 | $539,860,000 | $306,390 | $8,787 | 5.55% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 315 | $81,735,000 | $259,476 | $8,754 | 5.74% |
| EL PASO, TX (FHA|USDA|VA) | 102 | $23,610,000 | $231,471 | $8,062 | 5.31% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 72 | $18,890,000 | $262,361 | $7,970 | 5.61% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 86 | $15,570,000 | $181,047 | $6,850 | 5.24% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 41 | $13,305,000 | $324,512 | $9,573 | 5.06% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 41 | $11,275,000 | $275,000 | $10,123 | 5.26% |
| Outside of Metro Areas | 35 | $9,645,000 | $275,571 | $8,463 | 5.02% |
| MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) | 36 | $9,310,000 | $258,611 | $7,118 | 5.63% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 10 | $6,090,000 | $609,000 | $6,830 | 4.72% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 24 | $5,390,000 | $224,583 | $9,305 | 5.29% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 15 | $5,105,000 | $340,333 | $9,099 | 4.73% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 14 | $4,930,000 | $352,143 | $8,417 | 5.78% |
| BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) | 25 | $4,395,000 | $175,800 | $7,148 | 5.73% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 17 | $4,265,000 | $250,882 | $7,665 | 4.92% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 6 | $2,790,000 | $465,000 | $8,020 | 4.90% |
| Bonham, TX (FHA|USDA|VA) | 10 | $2,140,000 | $214,000 | $8,947 | 4.79% |
| Athens, TX (FHA|USDA|VA) | 8 | $2,070,000 | $258,750 | $8,732 | 5.97% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 6 | $1,990,000 | $331,667 | $8,101 | 4.33% |
| Granbury, TX (FHA|USDA|VA) | 7 | $1,895,000 | $270,714 | $7,921 | 5.59% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 8 | $1,860,000 | $232,500 | $7,031 | 5.16% |
| BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) | 7 | $1,785,000 | $255,000 | $10,319 | 5.21% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 1 | $1,385,000 | $1,385,000 | $4,283 | 4.00% |
| Rio Grande City-Roma, TX (FHA|USDA|VA) | 6 | $1,270,000 | $211,667 | $7,640 | 5.79% |
| Gainesville, TX (FHA|USDA|VA) | 5 | $1,165,000 | $233,000 | $7,880 | 5.62% |
| FRESNO, CA (FHA|USDA|VA) | 4 | $1,150,000 | $287,500 | $5,371 | 4.69% |
| OCALA, FL (FHA|USDA|VA) | 4 | $1,000,000 | $250,000 | $10,163 | 4.97% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 2 | $1,000,000 | $500,000 | $13,587 | 4.31% |
| MIDLAND, TX (FHA|USDA|VA) | 3 | $975,000 | $325,000 | $6,770 | 4.87% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 3 | $955,000 | $318,333 | $10,892 | 4.58% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 2 | $950,000 | $475,000 | $3,886 | 3.87% |
| Sulphur Springs, TX (FHA|USDA|VA) | 4 | $920,000 | $230,000 | $6,456 | 4.53% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 3 | $835,000 | $278,333 | $13,552 | 6.25% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 2 | $800,000 | $400,000 | $8,477 | 5.69% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 3 | $785,000 | $261,667 | $7,888 | 4.62% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 1 | $765,000 | $765,000 | $7,102 | 4.88% |
| STOCKTON, CA (FHA|USDA|VA) | 2 | $700,000 | $350,000 | $4,728 | 4.00% |
| TYLER, TX (FHA|USDA|VA) | 3 | $685,000 | $228,333 | $8,367 | 5.58% |
| Mineral Wells, TX (FHA|USDA|VA) | 3 | $665,000 | $221,667 | $5,237 | 4.54% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 2 | $640,000 | $320,000 | $12,549 | 4.25% |
| Del Rio, TX (FHA|USDA|VA) | 4 | $630,000 | $157,500 | $5,318 | 5.06% |
| Ardmore, OK (FHA|USDA|VA) | 3 | $555,000 | $185,000 | $6,756 | 6.17% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 2 | $550,000 | $275,000 | $12,672 | 5.56% |
| WACO, TX (FHA|USDA|VA) | 3 | $545,000 | $181,667 | $7,152 | 5.54% |
| Huntsville, TX (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $5,103 | 4.75% |
| TULSA, OK (FHA|USDA|VA) | 3 | $485,000 | $161,667 | $5,891 | 5.96% |
| SEBRING-AVON PARK, FL (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $12,613 | 4.75% |
| Mount Pleasant, TX (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $12,271 | 5.93% |
| Corsicana, TX (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $7,995 | 5.75% |
| LONGVIEW, TX (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $6,848 | 4.06% |
| ABILENE, TX (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $5,367 | 5.75% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $6,202 | 3.88% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $3,734 | 5.25% |
| Ruidoso, NM (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $10,663 | 6.50% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $5,860 | 6.13% |
| Clewiston, FL (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $5,662 | 5.06% |
| Weatherford, OK (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $12,926 | 4.99% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $2,537 | 4.63% |
| MODESTO, CA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $12,878 | 6.13% |
| Paris, TX (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $3,537 | 5.99% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $4,328 | 4.50% |
| Pecos, TX (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $12,961 | 5.50% |
| PITTSBURGH, PA (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $4,372 | 6.06% |
| MERCED, CA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $2,462 | 6.25% |
| SAN ANGELO, TX (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $7,346 | 4.63% |
| WICHITA FALLS, TX (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $9,677 | 6.38% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 7.13% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,236 | 3.50% |
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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 2022, Town Square Mortgage & Investments's most frequently originated type of loan was Conventional, with 1,680 originations. Their 2nd most popular type was FHA, with 948 originations.
Loan Reason
For 2022, Town Square Mortgage & Investments's most frequently cited loan purpose was Home Purchase, with 2,438 originations. The 2nd most popular reason was Cash Out Refi, with 197 originations.
Loan Duration/Length
For 2022, Town Square Mortgage & Investments's most frequently cited loan duration was 30 Year, with 2,661 originations. The 2nd most popular length was 15 Year, with 61 originations.
Origination Fees/Closing Costs
Town Square Mortgage & Investments's average total fees were $8,689, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 633 originations.
Interest Rates
During 2022, Town Square Mortgage & Investments's average interest rate for loans was 5.55%, while their most frequently originated rate bucket for loans was 5-6%, with 981 originations.
Loan Sizing
2022 saw Town Square Mortgage & Investments place emphasis on $200k-400k loans with 1,753 originations, totaling $487,985,000 in origination value.
Applicant Income
Town Square Mortgage & Investments lent most frequently to those with incomes in the $50k-75k range, with 821 originations. The second most popular income band? $75k-100k, with 629 originations.
Applicant Debt to Income Ratio
Town Square Mortgage & Investments lent most frequently to those with DTI ratios of 50-60%, with 387 originations. The next most common DTI ratio? 30-36%, with 322 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.11%
Town Square Mortgage & Investments has an average approval rate.
Pick Rate
Approvals leading to origination53.13%
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 | 2,744 | $794,910,000 | $289,690 |