Republic State Mortgage Co. Rates, Fees & Info

Houston, TX

LEI: 254900LKAJBFGO0IIP75

Tax ID: 76-0454396

5 stars - Updated: 4/14/24 - out of 5 stars, based on 40 reviews

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

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Mortgage Data

Review & Overview

Republic State Mortgage Co. is a smaller mortgage company specializing in Home Purchase loans. Republic State Mortgage Co. has a high proportion of conventional loans. They have a a high proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Dallas, Houston, Beaumont, Austin, and Lexington among others. We have data for 57 markets. (Some data included below & more in-depth data is available with an active subscription.)

Republic State Mortgage Co. has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Republic State Mortgage Co. is typically a high 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 relatively high 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.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.71% 4/14/24
30 Year Conventional Refi 6.68% 4/14/24
30 Year Cash-out Refi 6.85% 4/14/24
30 Year FHA Purchase 7.55% 4/14/24
30 Year FHA Refi 7.65% 4/14/24
30 Year VA Purchase 6.29% 4/14/24
30 Year VA Refi 6.27% 4/14/24
30 Year USDA Purchase 7.04% 4/14/24
30 Year USDA Refi 6.27% 4/14/24
15 Year Conventional Purchase 6.12% 4/14/24
15 Year Conventional Refi 6.32% 4/14/24
15 Year Cash-out Refi 6.32% 4/14/24
These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

Republic State Mortgage Co. Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Republic State Mortgage Co.. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

1,606

Origination Dollar Volume (All Markets)

$488,580,000
Show all (10) awards

Relative Rate

Republic State Mortgage Co.'s average 30 year fixed mortgage rate was 6.5%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of 0.02%.

Relative Fees (Closing Costs)

Republic State Mortgage Co.'s average total fees/closing costs for a 30 year fixed rate mortgage were $8,684.

The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $9,089.

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) 662 $230,320,000 $347,915 $9,420 6.23%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 128 $52,450,000 $409,766 $8,391 6.79%
BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 136 $32,560,000 $239,412 $7,925 6.65%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 66 $28,960,000 $438,788 $11,549 6.55%
Outside of Metro Areas 118 $21,520,000 $182,373 $7,661 6.71%
LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 78 $19,300,000 $247,436 $7,831 6.60%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 42 $17,310,000 $412,143 $9,618 6.39%
New Philadelphia-Dover, OH (FHA|USDA|VA) 58 $9,360,000 $161,379 $4,192 7.15%
Gainesville, TX (FHA|USDA|VA) 28 $8,870,000 $316,786 $9,901 5.37%
Mount Sterling, KY (FHA|USDA|VA) 50 $8,740,000 $174,800 $6,820 6.55%
BATON ROUGE, LA (FHA|USDA|VA) 27 $7,565,000 $280,185 $9,097 6.98%
SHERMAN-DENISON, TX (FHA|USDA|VA) 18 $7,190,000 $399,444 $9,801 6.58%
Danville, KY (FHA|USDA|VA) 30 $5,010,000 $167,000 $7,178 6.49%
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 18 $4,120,000 $228,889 $7,658 6.78%
Frankfort, KY (FHA|USDA|VA) 21 $4,085,000 $194,524 $6,943 6.90%
WORCESTER, MA-CT (FHA|USDA|VA) 10 $3,940,000 $394,000 $9,585 6.56%
CANTON-MASSILLON, OH (FHA|USDA|VA) 21 $3,515,000 $167,381 $4,740 7.22%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 6 $3,390,000 $565,000 $14,329 6.60%
Richmond-Berea, KY (FHA|USDA|VA) 14 $2,880,000 $205,714 $8,022 6.54%
Somerset, KY (FHA|USDA|VA) 10 $1,700,000 $170,000 $8,375 6.29%
LOUISVILLE, KY (FHA|USDA|VA) 7 $1,605,000 $229,286 $8,091 6.91%
HOUMA-THIBODAUX, LA (FHA|USDA|VA) 6 $1,470,000 $245,000 $8,551 6.64%
SPRINGFIELD, MA (FHA|USDA|VA) 3 $1,265,000 $421,667 $14,202 6.75%
London, KY (FHA|USDA|VA) 6 $960,000 $160,000 $6,339 6.31%
MANCHESTER-NASHUA, NH (FHA|USDA|VA) 2 $730,000 $365,000 $6,455 6.75%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 1 $595,000 $595,000 $11,144 6.38%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $525,000 $525,000 $7,278 5.99%
Granbury, TX (FHA|USDA|VA) 1 $485,000 $485,000 $20,422 6.88%
CORPUS CHRISTI, TX (FHA|USDA|VA) 2 $480,000 $240,000 $9,775 7.19%
WACO, TX (FHA|USDA|VA) 2 $460,000 $230,000 $7,651 6.31%
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 2 $460,000 $230,000 $7,274 6.75%
LONGVIEW, TX (FHA|USDA|VA) 2 $450,000 $225,000 $7,829 6.56%
GULFPORT-BILOXI, MS (FHA|USDA|VA) 2 $450,000 $225,000 $8,968 6.81%
PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 1 $425,000 $425,000 $13,139 6.63%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $395,000 $395,000 $3,993 6.38%
HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) 2 $340,000 $170,000 $7,745 6.63%
LAFAYETTE, LA (FHA|USDA|VA) 2 $330,000 $165,000 $12,472 7.69%
AKRON, OH (FHA|USDA|VA) 2 $310,000 $155,000 $3,519 7.75%
Salem, OH (FHA|USDA|VA) 2 $310,000 $155,000 $2,851 7.31%
HAMMOND, LA (FHA|USDA|VA) 1 $295,000 $295,000 $15,541 7.63%
COLUMBUS, OH (FHA|USDA|VA) 1 $285,000 $285,000 $6,704 7.00%
Palestine, TX (FHA|USDA|VA) 1 $255,000 $255,000 $6,765 7.00%
HATTIESBURG, MS (FHA|USDA|VA) 1 $245,000 $245,000 $10,455 7.25%
LAKE CHARLES, LA (FHA|USDA|VA) 1 $245,000 $245,000 $9,191 7.75%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 1 $225,000 $225,000 $3,392 6.88%
PITTSFIELD, MA (FHA|USDA|VA) 1 $225,000 $225,000 $8,221 6.25%
LUBBOCK, TX (FHA|USDA|VA) 1 $225,000 $225,000 $4,482 6.88%
Glasgow, KY (FHA|USDA|VA) 1 $215,000 $215,000 $14,774 5.75%
ABILENE, TX (FHA|USDA|VA) 1 $215,000 $215,000 $4,536 6.50%
Newport, TN (FHA|USDA|VA) 1 $215,000 $215,000 $10,712 7.13%
Athens, TX (FHA|USDA|VA) 1 $185,000 $185,000 $12,136 5.50%
SAN ANGELO, TX (FHA|USDA|VA) 1 $185,000 $185,000 $7,416 6.25%
TYLER, TX (FHA|USDA|VA) 1 $175,000 $175,000 $4,955 7.25%
BARNSTABLE TOWN, MA (FHA|USDA|VA) 1 $175,000 $175,000 $6,540 7.63%
WHEELING, WV-OH (FHA|USDA|VA) 1 $155,000 $155,000 $3,943 7.63%
WICHITA FALLS, TX (FHA|USDA|VA) 1 $155,000 $155,000 $9,685 5.63%
Campbellsville, KY (FHA|USDA|VA) 1 $75,000 $75,000 $5,221 6.63%
Republic State Mortgage Co.'s top markets include Dallas, Houston, Beaumont, Austin, and Lexington among others.

Their top states include:
  • Texas (FHA|USDA|VA)
  • Kentucky (FHA|USDA|VA)
  • Massachusetts (FHA|USDA|VA)
  • Ohio (FHA|USDA|VA)
  • Louisiana (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against Republic State Mortgage Co. 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 845 $268,995,000 $318,337 $7,078 6.58%
    FHA 584 $160,210,000 $274,332 $10,659 6.41%
    VA 139 $52,445,000 $377,302 $9,978 6.24%
    USDA 37 $6,645,000 $179,595 $6,343 6.49%
    HELOC 1 $285,000 $285,000 n/a 4.99%

    For 2023, Republic State Mortgage Co.'s most frequently originated type of loan was Conventional, with 845 originations. Their 2nd most popular type was FHA, with 584 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,529 $466,785,000 $305,288 $8,674 6.46%
    Refi 53 $15,605,000 $294,434 $7,367 6.92%
    Cash Out Refi 23 $5,905,000 $256,739 $8,541 7.03%
    Home Improvement 1 $285,000 $285,000 $8,778 6.38%

    For 2023, Republic State Mortgage Co.'s most frequently cited loan purpose was Home Purchase, with 1,529 originations. The 2nd most popular reason was Refi, with 53 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,565 $474,685,000 $303,313 $8,684 6.50%
    15 Year 30 $9,760,000 $325,333 $6,049 5.65%
    20 Year 11 $4,135,000 $375,909 $8,206 6.29%

    For 2023, Republic State Mortgage Co.'s most frequently cited loan duration was 30 Year, with 1,565 originations. The 2nd most popular length was 15 Year, with 30 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 364 $141,900,000 $389,835
    $<1k 332 $91,640,000 $276,024
    $3k-4k 269 $59,665,000 $221,803
    $1k-2k 262 $95,600,000 $364,885
    $2k-3k 182 $45,940,000 $252,418
    $4k-5k 177 $49,445,000 $279,350

    Republic State Mortgage Co.'s average total fees were $8,684, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 364 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 843 $258,775,000 $306,969
    5-6% 379 $118,565,000 $312,836
    7-8% 319 $91,755,000 $287,633
    4-5% 50 $16,260,000 $325,200
    Over 8% 12 $3,150,000 $262,500
    <2.5% 3 $75,000 $25,000

    During 2023, Republic State Mortgage Co.'s average interest rate for loans was 6.50%, while their most frequently originated rate bucket for loans was 6-7%, with 843 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 866 $259,170,000 $299,273 $8,830 6.43%
    $100k-200k 385 $59,405,000 $154,299 $6,041 6.62%
    $400k-600k 243 $115,245,000 $474,259 $11,760 6.47%
    $600k-1MM 55 $37,995,000 $690,818 $12,530 6.62%
    $100,000 or less 48 $3,840,000 $80,000 $3,999 6.38%
    $1MM+ 9 $12,925,000 $1,436,111 $14,890 6.31%

    2023 saw Republic State Mortgage Co. place emphasis on $200k-400k loans with 866 originations, totaling $259,170,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 492 $159,160,000 $323,496 $9,153 6.41%
    $75k-100k 311 $81,225,000 $261,174 $8,359 6.43%
    $50k-75k 282 $56,080,000 $198,865 $7,131 6.46%
    $150k-250k 280 $112,290,000 $401,036 $9,977 6.59%
    $50k or less 137 $22,965,000 $167,628 $6,410 6.51%
    $250k+ 104 $56,860,000 $546,731 $10,481 6.76%

    Republic State Mortgage Co. lent most frequently to those with incomes in the $100k-150k range, with 492 originations. The second most popular income band? $75k-100k, with 311 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 254 $76,030,000 $299,331 $8,293 6.51%
    20-30% 227 $63,685,000 $280,551 $7,434 6.45%
    50-60% 151 $49,385,000 $327,053 $11,384 6.20%
    49% 84 $27,030,000 $321,786 $9,134 6.41%
    42% 77 $24,975,000 $324,351 $9,212 6.53%
    44% 74 $22,000,000 $297,297 $8,690 6.55%
    48% 71 $24,395,000 $343,592 $9,694 6.50%
    46% 70 $21,320,000 $304,571 $8,175 6.57%
    39% 68 $20,370,000 $299,559 $8,119 6.67%
    43% 68 $19,900,000 $292,647 $8,479 6.62%
    47% 65 $19,055,000 $293,154 $8,871 6.49%
    45% 64 $22,640,000 $353,750 $8,997 6.58%
    41% 62 $18,410,000 $296,935 $9,135 6.55%
    36% 60 $16,410,000 $273,500 $7,854 6.61%
    38% 57 $17,515,000 $307,281 $8,865 6.46%
    37% 56 $17,330,000 $309,464 $7,609 6.65%
    <20% 55 $14,555,000 $264,636 $6,105 6.34%
    40% 40 $12,410,000 $310,250 $8,801 6.46%
    >60% 3 $1,165,000 $388,333 $8,766 5.87%

    Republic State Mortgage Co. lent most frequently to those with DTI ratios of 30-36%, with 254 originations. The next most common DTI ratio? 20-30%, with 227 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,150 $333,840,000 $290,296 $8,410 6.53%
    Black 174 $62,970,000 $361,897 $11,062 6.32%
    Asian 138 $48,400,000 $350,725 $8,086 6.53%
    Not provided 130 $39,410,000 $303,154 $7,977 6.24%
    American Indian 11 $2,735,000 $248,636 $7,873 6.79%
    Native Hawaiian or Islander 3 $1,225,000 $408,333 $6,280 6.08%

    Approval Rates

    Total approvals of all applications
    96.03%

    Republic State Mortgage Co. has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    80.26%

    Republic State Mortgage Co. has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,606 $488,580,000 $304,222

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,606 $488,580,000 $304,222

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 30 $7,290,000 $243,000 $5,934 6.36%
    40-60% 89 $24,295,000 $272,978 $6,371 6.37%
    60-80% 323 $105,895,000 $327,848 $7,568 6.61%
    80-100% 1,120 $337,910,000 $301,705 $9,024 6.48%
    Over 100% 38 $12,820,000 $337,368 $14,224 6.36%
    Under 20% 6 $370,000 $61,667 $815 3.42%