Investmark Mortgage Rates, Fees & Info
Addison, TXLEI: 254900JP0RZQA3KX5N51
Tax ID: 27-1354880
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Mortgage Data
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, Houston, Sherman, and Austin among others. We have data for 9 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.
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Originations
130Origination Dollar Volume (All Markets)
$19,070,000Top 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 | $9,720,000 | $156,774 | $0 | 12.21% |
| Outside of Metro Areas | 41 | $6,455,000 | $157,439 | $0 | 0.00% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 18 | $2,020,000 | $112,222 | $0 | 12.32% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $0 | 12.99% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 3 | $215,000 | $71,667 | $0 | 11.99% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 12.99% |
| WACO, TX (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 13.99% |
| TYLER, TX (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 13.99% |
| Bonham, TX (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 12.99% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 130 | $19,070,000 | $146,692 | $0 | 12.30% |
For 2019, Investmark Mortgage's most frequently originated type of loan was Conventional, with 130 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 130 | $19,070,000 | $146,692 | $0 | 12.30% |
For 2019, Investmark Mortgage's most frequently cited loan purpose was Home Purchase, with 130 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 128 | $18,900,000 | $147,656 | $0 | 12.35% |
| 15 Year | 1 | $75,000 | $75,000 | $0 | 9.95% |
| 1 Year | 1 | $95,000 | $95,000 | $0 | 10.00% |
For 2019, Investmark Mortgage's most frequently cited loan duration was Other, with 128 originations. The 2nd most popular length was 15 Year, with 1 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 88 | $12,470,000 | $141,705 |
| <2.5% | 1 | $145,000 | $145,000 |
During 2019, Investmark Mortgage's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was Over 8%, with 88 originations.
Loan Sizing
2019 saw Investmark Mortgage place emphasis on $100k-200k loans with 74 originations, totaling $9,870,000 in origination value.
Applicant Income
Investmark Mortgage lent most frequently to those with incomes in the $100k-150k range, with 22 originations. The second most popular income band? $150k-250k, with 20 originations.
Applicant Debt to Income Ratio
Investmark Mortgage lent most frequently to those with DTI ratios of <20%, with 50 originations. The next most common DTI ratio? 20-30%, with 18 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications62.63%
Investmark Mortgage has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick Rate
Approvals leading to origination-74.62%
Investmark Mortgage 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 | 130 | $19,070,000 | $146,692 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 130 | $19,070,000 | $146,692 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-40% | 2 | $110,000 | $55,000 | $0 | 13.49% |
| 40-60% | 6 | $710,000 | $118,333 | $0 | 12.66% |
| 60-80% | 79 | $11,555,000 | $146,266 | $0 | 12.43% |
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| IMPAC MORTGAGE HOLDINGS, INC. | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 3 | 14.3% |
| IMPAC MORTGAGE HOLDINGS, INC. | Conventional home mortgage | Closing on a mortgage | 3 | 14.3% |
| IMPAC MORTGAGE HOLDINGS, INC. | Conventional home mortgage | Struggling to pay mortgage | 2 | 9.5% |
| IMPAC MORTGAGE HOLDINGS, INC. | Conventional home mortgage | Trouble during payment process | 13 | 61.9% |