Esb Mortgage Company Rates, Fees & Info

Ennis, TX

LEI: 254900J55G3QVI5WKV90

Tax ID: 75-2664846

Latest/2023 | 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
  • Complaints
  • Similar Lenders
  • 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

    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, Killeen, Austin, and Sherman among others. We have data for 9 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.

    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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    Originations

    65

    Origination Dollar Volume (All Markets)

    $14,185,000

    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
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 49 $10,935,000 $223,163 $3,772 4.35%
    WACO, TX (FHA|USDA|VA) 7 $1,395,000 $199,286 $3,811 4.27%
    KILLEEN-TEMPLE, TX (FHA|USDA|VA) 3 $845,000 $281,667 $3,897 3.92%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $265,000 $265,000 $6,651 3.38%
    SHERMAN-DENISON, TX (FHA|USDA|VA) 1 $195,000 $195,000 $5,981 4.00%
    Bonham, TX (FHA|USDA|VA) 1 $165,000 $165,000 $4,991 3.25%
    Mineral Wells, TX (FHA|USDA|VA) 1 $155,000 $155,000 $0 4.88%
    Corsicana, TX (FHA|USDA|VA) 1 $115,000 $115,000 $0 4.13%
    Outside of Metro Areas 1 $115,000 $115,000 $4,400 6.88%
    Esb Mortgage Company's top markets include Dallas, Waco, Killeen, Austin, and Sherman among others.

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

    • 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.

    AAXY L.L.C.
    Similarity Rank: 480
    FC LENDING, LTD.
    Similarity Rank: 815
    HIGHLAND HOMELOANS, LLC
    Similarity Rank: 948
    CAPITAL PLUS FINANCIAL, LLC
    Similarity Rank: 1038
    Resource One Credit Union
    Similarity Rank: 1140
    TEXANS
    Similarity Rank: 1204
    NEIGHBORHOOD
    Similarity Rank: 1228
    PIKE CREEK MORTGAGE SERVICES, INC.
    Similarity Rank: 1368
    U S WIDE FINANCIAL LLC
    Similarity Rank: 1617
    LAS COLINAS
    Similarity Rank: 1720

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 65 $14,185,000 $218,231 $3,923 4.33%

    For 2019, Esb Mortgage Company's most frequently originated type of loan was Conventional, with 65 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 33 $7,815,000 $236,818 $4,114 4.42%
    Cash Out Refi 16 $3,560,000 $222,500 $3,777 4.20%
    Refi 10 $1,840,000 $184,000 $3,425 3.95%
    Home Improvement 6 $970,000 $161,667 $4,116 4.77%

    For 2019, Esb Mortgage Company's most frequently cited loan purpose was Home Purchase, with 33 originations. The 2nd most popular reason was Cash Out Refi, with 16 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 44 $10,590,000 $240,682 $3,478 4.39%
    15 Year 11 $2,055,000 $186,818 $4,942 3.47%
    Other 4 $440,000 $110,000 $4,449 6.72%
    20 Year 3 $455,000 $151,667 $3,507 3.79%
    10 Year 2 $560,000 $280,000 $4,736 3.50%
    5 Year 1 $85,000 $85,000 $3,129 4.38%

    For 2019, Esb Mortgage Company's most frequently cited loan duration was 30 Year, with 44 originations. The 2nd most popular length was 15 Year, with 11 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 34 $6,570,000 $193,235
    $2k-3k 5 $925,000 $185,000
    $3k-4k 4 $1,060,000 $265,000
    $1k-2k 3 $295,000 $98,333
    $4k-5k 3 $1,205,000 $401,667
    $5k+ 1 $435,000 $435,000

    Esb Mortgage Company's average total fees were $3,478, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 34 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 29 $6,365,000 $219,483
    3-4% 28 $6,420,000 $229,286
    5-6% 3 $475,000 $158,333
    6-7% 3 $395,000 $131,667
    2.5-3% 1 $485,000 $485,000
    7-8% 1 $45,000 $45,000

    During 2019, Esb Mortgage Company's average interest rate for loans was 4.39%, while their most frequently originated rate bucket for loans was 4-5%, with 29 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 25 $6,715,000 $268,600 $3,501 4.33%
    $100k-200k 21 $3,195,000 $152,143 $3,841 4.44%
    $100,000 or less 11 $765,000 $69,545 $3,444 4.45%
    $400k-600k 8 $3,510,000 $438,750 $5,777 3.83%

    2019 saw Esb Mortgage Company place emphasis on $200k-400k loans with 25 originations, totaling $6,715,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $75k-100k 21 $4,805,000 $228,810 $3,301 4.43%
    $100k-150k 15 $4,245,000 $283,000 $4,355 4.27%
    $50k-75k 10 $1,290,000 $129,000 $4,073 4.90%
    $150k-250k 8 $1,530,000 $191,250 $3,014 3.86%
    $50k or less 6 $620,000 $103,333 $3,468 3.96%
    $250k+ 5 $1,695,000 $339,000 $6,797 4.10%

    Esb Mortgage Company lent most frequently to those with incomes in the $75k-100k range, with 21 originations. The second most popular income band? $100k-150k, with 15 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 14 $3,180,000 $227,143 $4,950 4.17%
    30-36% 13 $2,775,000 $213,462 $2,915 4.46%
    <20% 7 $1,165,000 $166,429 $4,752 4.55%
    38% 6 $1,070,000 $178,333 $2,168 4.71%
    41% 4 $1,430,000 $357,500 $7,670 4.09%
    42% 4 $820,000 $205,000 $3,421 4.06%
    39% 2 $550,000 $275,000 $0 4.13%
    40% 2 $670,000 $335,000 $0 4.50%
    48% 2 $430,000 $215,000 $2,533 3.63%
    43% 2 $200,000 $100,000 $3,133 4.69%
    44% 2 $340,000 $170,000 $4,102 4.69%
    45% 2 $690,000 $345,000 $5,607 3.50%
    46% 2 $290,000 $145,000 $3,366 4.38%
    47% 2 $500,000 $250,000 $3,301 4.63%
    37% 1 $75,000 $75,000 $3,676 3.75%

    Esb Mortgage Company lent most frequently to those with DTI ratios of 20-30%, with 14 originations. The next most common DTI ratio? 30-36%, with 13 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 57 $12,065,000 $211,667 $3,880 4.39%
    Black 2 $890,000 $445,000 $2,898 4.13%
    Not provided 4 $660,000 $165,000 $3,733 3.94%
    Asian 2 $570,000 $285,000 $6,224 3.56%

    Approval Rates

    Total approvals of all applications
    76.61%

    Esb Mortgage Company has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    53.85%

    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 65 $14,185,000 $218,231

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 1 $45,000 $45,000
    Single Family (1-4 Units):Site-Built 64 $14,140,000 $220,938

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 5 $485,000 $97,000 $4,046 5.03%
    40-60% 13 $2,075,000 $159,615 $3,742 3.98%
    60-80% 27 $6,725,000 $249,074 $4,956 4.06%
    80-100% 20 $4,900,000 $245,000 $2,452 4.73%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    EZ FUNDINGS Inc. Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 100.0%