Bank Of The Southwest Mortgage Rates, Fees & Info
Roswell, NMLEI: 254900CUL2SYJXAEFW91
Tax ID: 85-0043880
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Bank Of The Southwest is a smaller bank specializing in Refi and Home Purchase loans. Bank Of The Southwest has a high proportion of conventional loans. Their top markets by origination volume include: Roswell, Farmington, Las Cruces, and Ruidoso among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)Bank Of The Southwest 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.
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.
Originations
44Origination Dollar Volume (All Markets)
$7,840,000Top 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 |
|---|---|---|---|---|---|
| Outside of Metro Areas | 13 | $2,575,000 | $198,077 | $0 | 0.00% |
| Roswell, NM (FHA|USDA|VA) | 21 | $2,445,000 | $116,429 | $0 | 0.00% |
| FARMINGTON, NM (FHA|USDA|VA) | 7 | $2,215,000 | $316,429 | $0 | 0.00% |
| LAS CRUCES, NM (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $0 | 0.00% |
| Ruidoso, NM (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 44 | $7,840,000 | $178,182 | $0 | 0.00% |
For 2023, Bank Of The Southwest's most frequently originated type of loan was Conventional, with 44 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Refi | 23 | $4,215,000 | $183,261 | $0 | 0.00% |
| Home Purchase | 20 | $3,470,000 | $173,500 | $0 | 0.00% |
| NA | 1 | $155,000 | $155,000 | $0 | 0.00% |
For 2023, Bank Of The Southwest's most frequently cited loan purpose was Refi, with 23 originations. The 2nd most popular reason was Home Purchase, with 20 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 44 | $7,840,000 | $178,182 | $0 | 0.00% |
For 2023, Bank Of The Southwest's most frequently cited loan duration was Other, with 44 originations.
Loan Sizing
2023 saw Bank Of The Southwest place emphasis on $100k-200k loans with 18 originations, totaling $2,510,000 in origination value.
Applicant Income
Bank Of The Southwest lent most frequently to those with incomes in the $50k or less range, with 15 originations. The second most popular income band? $50k-75k, with 10 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 44 | $7,840,000 | $178,182 | $0 | 0.00% |
Bank Of The Southwest lent most frequently to those with DTI ratios of Exempt%, with 44 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications88.52%
Bank Of The Southwest has an average approval rate.
Pick Rate
Approvals leading to origination77.27%
Bank Of The Southwest has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 44 | $7,840,000 | $178,182 |