Esb Mortgage Company Rates, Fees & Info
Ennis, TXLEI: 254900J55G3QVI5WKV90
Tax ID: 75-2664846
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Mortgage Data
Review & Overview
Esb Mortgage Company is a smaller mortgage company specializing in Home Purchase and Cash Out Refi loans. Esb Mortgage Company has a high proportion of conventional loans. Their top markets by origination volume include: Dallas, Waco, Corsicana, Austin, and San Antonio among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)Esb Mortgage Company 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. Esb Mortgage Company is typically a low 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.
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Originations
75Origination Dollar Volume (All Markets)
$14,605,000Top 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 |
---|---|---|---|---|---|
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 62 | $12,800,000 | $206,452 | $3,267 | 5.03% |
WACO, TX (FHA|USDA|VA) | 5 | $805,000 | $161,000 | $4,751 | 4.55% |
Corsicana, TX (FHA|USDA|VA) | 4 | $410,000 | $102,500 | $3,841 | 4.06% |
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $4,393 | 5.19% |
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $5,719 | 4.50% |
Athens, TX (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $4,830 | 4.25% |
Similar Lenders
We use machine learning to identify the top lenders compared against ESB Mortgage Company 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
Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
---|---|---|---|---|---|
Conventional | 75 | $14,605,000 | $194,733 | $3,479 | 4.93% |
For 2018, Esb Mortgage Company's most frequently originated type of loan was Conventional, with 75 originations.
Loan Reason
For 2018, Esb Mortgage Company's most frequently cited loan purpose was Home Purchase, with 37 originations. The 2nd most popular reason was Cash Out Refi, with 17 originations.
Loan Duration/Length
For 2018, Esb Mortgage Company's most frequently cited loan duration was 30 Year, with 50 originations. The 2nd most popular length was Other, with 10 originations.
Origination Fees/Closing Costs
Esb Mortgage Company's average total fees were $3,408, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 44 originations.
Interest Rates
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
4-5% | 45 | $8,475,000 | $188,333 |
5-6% | 16 | $3,340,000 | $208,750 |
3-4% | 7 | $1,725,000 | $246,429 |
6-7% | 4 | $850,000 | $212,500 |
7-8% | 3 | $215,000 | $71,667 |
During 2018, Esb Mortgage Company's average interest rate for loans was 4.81%, while their most frequently originated rate bucket for loans was 4-5%, with 45 originations.
Loan Sizing
2018 saw Esb Mortgage Company place emphasis on $100k-200k loans with 33 originations, totaling $4,815,000 in origination value.
Applicant Income
Esb Mortgage Company lent most frequently to those with incomes in the $100k-150k range, with 20 originations. The second most popular income band? $75k-100k, with 15 originations.
Applicant Debt to Income Ratio
Esb Mortgage Company lent most frequently to those with DTI ratios of 30-36%, with 15 originations. The next most common DTI ratio? 20-30%, with 14 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications73.18%
Esb Mortgage Company has a below average approval rate.
Pick Rate
Approvals leading to origination26.67%
Esb Mortgage Company 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 | 75 | $14,605,000 | $194,733 |
Occupancy Type Mix
Dwelling Type | Originations | Total Value | Average Loan |
---|---|---|---|
Single Family (1-4 Units):Manufactured | 1 | $135,000 | $135,000 |
Single Family (1-4 Units):Site-Built | 74 | $14,470,000 | $195,541 |
LTV Distribution
Complaints
Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
---|---|---|---|---|
EZ FUNDINGS Inc. | Conventional home mortgage | Trouble during payment process | 1 | 100.0% |