Investmark Mortgage Rates, Fees & Info

Addison, TX

LEI: 254900JP0RZQA3KX5N51

Tax ID: 27-1354880

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
  • Complaints
  • 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

    Investmark Mortgage is a smaller mortgage company specializing in Home Purchase loans. Investmark Mortgage has a high proportion of conventional loans. Their top markets by origination volume include: Dallas, San Antonio, Austin, Houston, and Sherman among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Investmark Mortgage has a below 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.

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    Originations

    271

    Origination Dollar Volume (All Markets)

    $37,615,000

    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
    Outside of Metro Areas 133 $19,615,000 $147,481 $0 0.00%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 94 $11,120,000 $118,298 $0 13.15%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 32 $4,190,000 $130,938 $0 13.08%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 5 $1,845,000 $369,000 $0 13.59%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 6 $790,000 $131,667 $0 13.99%
    SHERMAN-DENISON, TX (FHA|USDA|VA) 1 $55,000 $55,000 $0 11.99%
    Investmark Mortgage's top markets include Dallas, San Antonio, Austin, Houston, and Sherman among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 271 $37,615,000 $138,801 $0 13.18%

    For 2018, Investmark Mortgage's most frequently originated type of loan was Conventional, with 271 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 271 $37,615,000 $138,801 $0 13.18%

    For 2018, Investmark Mortgage's most frequently cited loan purpose was Home Purchase, with 271 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 271 $37,615,000 $138,801 $0 13.18%

    For 2018, Investmark Mortgage's most frequently cited loan duration was Other, with 271 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    Over 8% 137 $17,735,000 $129,453
    <2.5% 1 $265,000 $265,000

    During 2018, Investmark Mortgage's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was Over 8%, with 137 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 177 $22,575,000 $127,542 $0 13.25%
    $100,000 or less 55 $4,715,000 $85,727 $0 13.27%
    $200k-400k 37 $9,265,000 $250,405 $0 12.13%
    $400k-600k 2 $1,060,000 $530,000 $0 12.99%

    2018 saw Investmark Mortgage place emphasis on $100k-200k loans with 177 originations, totaling $22,575,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 53 $7,515,000 $141,792 $0 13.19%
    $150k-250k 41 $6,345,000 $154,756 $0 13.87%
    $50k-75k 41 $4,905,000 $119,634 $0 13.51%
    $75k-100k 32 $3,930,000 $122,813 $0 13.85%
    $50k or less 20 $2,510,000 $125,500 $0 11.51%
    $250k+ 15 $2,275,000 $151,667 $0 13.70%

    Investmark Mortgage lent most frequently to those with incomes in the $100k-150k range, with 53 originations. The second most popular income band? $150k-250k, with 41 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    <20% 96 $12,940,000 $134,792 $0 13.13%
    20-30% 60 $8,800,000 $146,667 $0 13.74%
    30-36% 23 $3,035,000 $131,957 $0 13.05%
    50-60% 4 $610,000 $152,500 $0 11.99%
    >60% 3 $275,000 $91,667 $0 11.99%
    38% 3 $285,000 $95,000 $0 13.99%
    43% 3 $355,000 $118,333 $0 13.99%
    44% 2 $210,000 $105,000 $0 0.00%
    46% 2 $240,000 $120,000 $0 11.99%
    42% 2 $320,000 $160,000 $0 0.00%
    36% 1 $95,000 $95,000 $0 0.00%
    40% 1 $105,000 $105,000 $0 0.00%

    Investmark Mortgage lent most frequently to those with DTI ratios of <20%, with 96 originations. The next most common DTI ratio? 20-30%, with 60 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not provided 183 $24,685,000 $134,891 $0 13.39%
    Not applicable 69 $10,135,000 $146,884 $0 13.01%
    White 14 $2,000,000 $142,857 $0 10.50%
    Native Hawaiian or Islander 1 $305,000 $305,000 $0 0.00%
    Asian 2 $280,000 $140,000 $0 0.00%
    Black 2 $210,000 $105,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    60.61%

    Investmark Mortgage has a low approval rate. They may have poor market targeting or stringent lending standards.

    Pick Rate

    Approvals leading to origination
    81.92%

    Investmark Mortgage has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 271 $37,615,000 $138,801

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 271 $37,615,000 $138,801

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 1 $75,000 $75,000 $0 13.99%
    40-60% 11 $1,105,000 $100,455 $0 12.35%
    60-80% 125 $16,555,000 $132,440 $0 13.34%
    80-100% 1 $265,000 $265,000 $0 1.25%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    IMPAC MORTGAGE HOLDINGS, INC. Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 6.7%
    IMPAC MORTGAGE HOLDINGS, INC. Conventional home mortgage Closing on a mortgage 1 6.7%
    IMPAC MORTGAGE HOLDINGS, INC. Conventional home mortgage Struggling to pay mortgage 1 6.7%
    IMPAC MORTGAGE HOLDINGS, INC. Conventional home mortgage Trouble during payment process 6 40.0%
    IMPAC MORTGAGE HOLDINGS, INC. FHA mortgage Applying for a mortgage or refinancing an existing mortgage 2 13.3%
    IMPAC MORTGAGE HOLDINGS, INC. Home equity loan or line of credit (HELOC) Struggling to pay mortgage 1 6.7%
    IMPAC MORTGAGE HOLDINGS, INC. Other type of mortgage Trouble during payment process 1 6.7%
    IMPAC MORTGAGE HOLDINGS, INC. VA mortgage Applying for a mortgage or refinancing an existing mortgage 1 6.7%
    IMPAC MORTGAGE HOLDINGS, INC. VA mortgage Trouble during payment process 1 6.7%