Bank Of The Southwest Mortgage Rates, Fees & Info

Roswell, NM

LEI: 254900CUL2SYJXAEFW91

Tax ID: 85-0043880

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • 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: Farmington, Roswell, Las Cruces, Albuquerque, and Ruidoso among others. We have data for 6 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.

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    Originations

    38

    Origination Dollar Volume (All Markets)

    $8,240,000

    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
    FARMINGTON, NM (FHA|USDA|VA) 7 $3,205,000 $457,857 $0 0.00%
    Roswell, NM (FHA|USDA|VA) 12 $1,800,000 $150,000 $0 0.00%
    Outside of Metro Areas 10 $1,460,000 $146,000 $0 0.00%
    LAS CRUCES, NM (FHA|USDA|VA) 7 $1,225,000 $175,000 $0 0.00%
    ALBUQUERQUE, NM (FHA|USDA|VA) 1 $355,000 $355,000 $0 0.00%
    Ruidoso, NM (FHA|USDA|VA) 1 $195,000 $195,000 $0 0.00%
    Bank Of The Southwest's top markets include Farmington, Roswell, Las Cruces, Albuquerque, and Ruidoso among others.

    Their top states include:
  • New Mexico (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 38 $8,240,000 $216,842 $0 0.00%

    For 2024, Bank Of The Southwest's most frequently originated type of loan was Conventional, with 38 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 21 $4,035,000 $192,143 $0 0.00%
    Home Purchase 17 $4,205,000 $247,353 $0 0.00%

    For 2024, Bank Of The Southwest's most frequently cited loan purpose was Refi, with 21 originations. The 2nd most popular reason was Home Purchase, with 17 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 38 $8,240,000 $216,842 $0 0.00%

    For 2024, Bank Of The Southwest's most frequently cited loan duration was Other, with 38 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 17 $2,355,000 $138,529 $0 0.00%
    $100,000 or less 11 $775,000 $70,455 $0 0.00%
    $200k-400k 6 $1,770,000 $295,000 $0 0.00%
    $600k-1MM 2 $1,310,000 $655,000 $0 0.00%
    $1MM+ 1 $1,595,000 $1,595,000 $0 0.00%
    $400k-600k 1 $435,000 $435,000 $0 0.00%

    2024 saw Bank Of The Southwest place emphasis on $100k-200k loans with 17 originations, totaling $2,355,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 10 $1,100,000 $110,000 $0 0.00%
    $100k-150k 9 $1,975,000 $219,444 $0 0.00%
    $50k-75k 9 $1,135,000 $126,111 $0 0.00%
    $75k-100k 5 $595,000 $119,000 $0 0.00%
    $150k-250k 2 $530,000 $265,000 $0 0.00%
    $250k+ 2 $2,300,000 $1,150,000 $0 0.00%

    Bank Of The Southwest lent most frequently to those with incomes in the $50k or less range, with 10 originations. The second most popular income band? $100k-150k, with 9 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 38 $8,240,000 $216,842 $0 0.00%

    Bank Of The Southwest lent most frequently to those with DTI ratios of Exempt%, with 38 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 36 $7,460,000 $207,222 $0 0.00%
    Not applicable 1 $605,000 $605,000 $0 0.00%
    American Indian 1 $175,000 $175,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    84.38%

    Bank Of The Southwest has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    57.89%

    Bank Of The Southwest 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
    Exempt 38 $8,240,000 $216,842

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    38 $8,240,000 $216,842