Republic State Mortgage Co. Rates, Fees & Info

Houston, TX

LEI: 254900LKAJBFGO0IIP75

Tax ID: 76-0454396

2.8 stars - Updated: 3/17/24 - out of 5 stars, based on 49 reviews

Latest/2022 | 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 an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Dallas, Houston, Austin, Beaumont, and Boston among others. We have data for 76 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 an average 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.

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% 3/17/24
30 Year Conventional Refi 6.68% 3/17/24
30 Year Cash-out Refi 6.85% 3/17/24
30 Year FHA Purchase 7.55% 3/17/24
30 Year FHA Refi 7.65% 3/17/24
30 Year VA Purchase 6.29% 3/17/24
30 Year VA Refi 6.27% 3/17/24
30 Year USDA Purchase 7.04% 3/17/24
30 Year USDA Refi 6.27% 3/17/24
15 Year Conventional Purchase 6.12% 3/17/24
15 Year Conventional Refi 6.32% 3/17/24
15 Year Cash-out Refi 6.32% 3/17/24
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

2,431

Origination Dollar Volume (All Markets)

$728,445,000
Show all (17) awards

Relative Rate

Republic State Mortgage Co.'s average 30 year fixed mortgage rate was 5.04%.

The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

This yields a difference of 0.28%.

Relative Fees (Closing Costs)

Republic State Mortgage Co.'s average total fees/closing costs for a 30 year fixed rate mortgage were $7,825.

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 $4,750.

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) 669 $250,015,000 $373,714 $9,582 5.00%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 339 $124,965,000 $368,628 $7,431 4.75%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 160 $68,090,000 $425,563 $9,711 4.71%
BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 241 $56,585,000 $234,793 $7,164 5.27%
Outside of Metro Areas 175 $35,125,000 $200,714 $5,985 5.13%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 64 $24,800,000 $387,500 $8,449 4.81%
LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 114 $24,130,000 $211,667 $5,542 5.15%
BATON ROUGE, LA (FHA|USDA|VA) 81 $19,865,000 $245,247 $8,389 5.11%
Mount Sterling, KY (FHA|USDA|VA) 56 $10,070,000 $179,821 $5,951 4.73%
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 40 $10,000,000 $250,000 $8,043 5.00%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 26 $10,000,000 $384,615 $7,413 4.79%
Frankfort, KY (FHA|USDA|VA) 49 $9,945,000 $202,959 $6,618 5.19%
New Philadelphia-Dover, OH (FHA|USDA|VA) 55 $8,195,000 $149,000 $3,625 5.43%
Danville, KY (FHA|USDA|VA) 49 $7,905,000 $161,327 $5,437 4.91%
Somerset, KY (FHA|USDA|VA) 38 $6,410,000 $168,684 $5,246 5.48%
LOUISVILLE, KY (FHA|USDA|VA) 30 $6,320,000 $210,667 $4,712 5.06%
CANTON-MASSILLON, OH (FHA|USDA|VA) 37 $6,145,000 $166,081 $5,069 5.50%
Richmond-Berea, KY (FHA|USDA|VA) 23 $4,625,000 $201,087 $5,974 4.84%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 16 $4,260,000 $266,250 $8,813 4.82%
HOUMA-THIBODAUX, LA (FHA|USDA|VA) 21 $3,875,000 $184,524 $7,560 4.67%
London, KY (FHA|USDA|VA) 24 $3,620,000 $150,833 $5,160 4.96%
MIDLAND, TX (FHA|USDA|VA) 11 $3,295,000 $299,545 $9,134 4.50%
SHERMAN-DENISON, TX (FHA|USDA|VA) 8 $2,520,000 $315,000 $8,969 5.19%
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 5 $2,385,000 $477,000 $9,682 5.23%
LAFAYETTE, LA (FHA|USDA|VA) 10 $2,140,000 $214,000 $8,129 5.04%
ABILENE, TX (FHA|USDA|VA) 6 $1,700,000 $283,333 $7,734 4.23%
PITTSFIELD, MA (FHA|USDA|VA) 5 $1,575,000 $315,000 $4,829 4.23%
Big Spring, TX (FHA|USDA|VA) 7 $1,565,000 $223,571 $8,964 4.34%
WORCESTER, MA-CT (FHA|USDA|VA) 4 $1,290,000 $322,500 $9,344 4.91%
CORPUS CHRISTI, TX (FHA|USDA|VA) 3 $1,145,000 $381,667 $9,390 4.42%
ODESSA, TX (FHA|USDA|VA) 4 $980,000 $245,000 $6,662 4.97%
MANCHESTER-NASHUA, NH (FHA|USDA|VA) 3 $965,000 $321,667 $14,022 6.21%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 3 $825,000 $275,000 $5,490 4.21%
PANAMA CITY, FL (FHA|USDA|VA) 4 $810,000 $202,500 $5,729 3.84%
LONGVIEW, TX (FHA|USDA|VA) 2 $710,000 $355,000 $10,686 4.38%
TYLER, TX (FHA|USDA|VA) 2 $670,000 $335,000 $8,453 5.94%
SAN ANGELO, TX (FHA|USDA|VA) 1 $645,000 $645,000 $8,870 3.88%
BOWLING GREEN, KY (FHA|USDA|VA) 3 $635,000 $211,667 $4,646 4.04%
LAKE CHARLES, LA (FHA|USDA|VA) 2 $630,000 $315,000 $10,297 3.81%
WACO, TX (FHA|USDA|VA) 4 $610,000 $152,500 $6,874 4.88%
WICHITA FALLS, TX (FHA|USDA|VA) 1 $605,000 $605,000 $9,339 5.13%
Gainesville, TX (FHA|USDA|VA) 1 $545,000 $545,000 $7,199 3.25%
Bardstown, KY (FHA|USDA|VA) 2 $490,000 $245,000 $5,714 5.44%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $485,000 $485,000 $11,308 3.50%
PUNTA GORDA, FL (FHA|USDA|VA) 1 $455,000 $455,000 $4,445 4.38%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 1 $425,000 $425,000 $9,955 6.00%
Kerrville, TX (FHA|USDA|VA) 1 $315,000 $315,000 $2,909 5.63%
JACKSON, MS (FHA|USDA|VA) 1 $285,000 $285,000 $8,705 4.88%
Mineral Wells, TX (FHA|USDA|VA) 1 $285,000 $285,000 $5,315 5.50%
AMARILLO, TX (FHA|USDA|VA) 1 $275,000 $275,000 $9,314 6.88%
Lufkin, TX (FHA|USDA|VA) 1 $265,000 $265,000 $3,603 4.00%
PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 1 $255,000 $255,000 $3,202 3.38%
El Campo, TX (FHA|USDA|VA) 1 $255,000 $255,000 $4,992 5.63%
Concord, NH (FHA|USDA|VA) 1 $235,000 $235,000 $13,113 4.63%
Laconia, NH (FHA|USDA|VA) 1 $235,000 $235,000 $5,931 7.00%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 1 $225,000 $225,000 $2,608 3.75%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $225,000 $225,000 $3,634 3.50%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $215,000 $215,000 $6,541 5.63%
Stephenville, TX (FHA|USDA|VA) 1 $205,000 $205,000 $4,467 5.63%
WHEELING, WV-OH (FHA|USDA|VA) 1 $185,000 $185,000 $4,805 3.25%
LEWISTON-AUBURN, ME (FHA|USDA|VA) 1 $175,000 $175,000 $3,655 3.88%
PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 1 $165,000 $165,000 $2,731 2.88%
GAINESVILLE, FL (FHA|USDA|VA) 1 $165,000 $165,000 $5,133 3.38%
Sweetwater, TX (FHA|USDA|VA) 1 $165,000 $165,000 $5,665 3.38%
VICTORIA, TX (FHA|USDA|VA) 1 $145,000 $145,000 $7,222 7.13%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 1 $145,000 $145,000 $5,493 5.88%
ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) 1 $145,000 $145,000 $2,251 3.38%
WEIRTON-STEUBENVILLE, WV-OH (FHA|USDA|VA) 1 $125,000 $125,000 $3,882 7.13%
AKRON, OH (FHA|USDA|VA) 1 $115,000 $115,000 $3,395 4.50%
Palestine, TX (FHA|USDA|VA) 1 $105,000 $105,000 $0 7.63%
Wooster, OH (FHA|USDA|VA) 1 $105,000 $105,000 $4,825 6.50%
Salem, OH (FHA|USDA|VA) 1 $95,000 $95,000 $2,191 4.25%
Coshocton, OH (FHA|USDA|VA) 1 $85,000 $85,000 $3,601 5.25%
Glasgow, KY (FHA|USDA|VA) 1 $75,000 $75,000 $4,761 5.50%
Uvalde, TX (FHA|USDA|VA) 1 $75,000 $75,000 $7,578 6.25%
Del Rio, TX (FHA|USDA|VA) 1 $55,000 $55,000 $2,100 3.50%
Republic State Mortgage Co.'s top markets include Dallas, Houston, Austin, Beaumont, and Boston among others.

Their top states include:
  • Texas (FHA|USDA|VA)
  • Kentucky (FHA|USDA|VA)
  • Louisiana (FHA|USDA|VA)
  • Massachusetts (FHA|USDA|VA)
  • Ohio (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 1,591 $510,065,000 $320,594 $6,737 4.94%
    FHA 627 $151,675,000 $241,906 $9,610 5.13%
    VA 151 $56,895,000 $376,788 $10,837 4.89%
    USDA 62 $9,810,000 $158,226 $5,569 5.07%

    For 2022, Republic State Mortgage Co.'s most frequently originated type of loan was Conventional, with 1,591 originations. Their 2nd most popular type was FHA, with 627 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 2,112 $637,000,000 $301,610 $7,937 5.08%
    Refi 224 $63,460,000 $283,304 $6,011 4.37%
    Cash Out Refi 94 $27,780,000 $295,532 $6,599 4.53%
    Home Improvement 1 $205,000 $205,000 $6,318 5.13%

    For 2022, Republic State Mortgage Co.'s most frequently cited loan purpose was Home Purchase, with 2,112 originations. The 2nd most popular reason was Refi, with 224 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 2,306 $697,820,000 $302,611 $7,825 5.04%
    15 Year 87 $21,555,000 $247,759 $5,642 4.00%
    20 Year 30 $8,000,000 $266,667 $5,940 3.95%
    10 Year 6 $870,000 $145,000 $3,613 3.98%
    Other 2 $200,000 $100,000 $4,742 3.44%

    For 2022, Republic State Mortgage Co.'s most frequently cited loan duration was 30 Year, with 2,306 originations. The 2nd most popular length was 15 Year, with 87 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 822 $235,850,000 $286,922
    $5k+ 519 $200,725,000 $386,753
    $<1k 284 $78,150,000 $275,176
    $2k-3k 282 $68,520,000 $242,979
    $3k-4k 275 $71,705,000 $260,745
    $4k-5k 233 $70,535,000 $302,725

    Republic State Mortgage Co.'s average total fees were $7,825, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 822 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 837 $254,525,000 $304,092
    3-4% 577 $175,525,000 $304,203
    4-5% 570 $176,490,000 $309,632
    6-7% 329 $89,365,000 $271,626
    7-8% 65 $16,865,000 $259,462
    2.5-3% 43 $13,805,000 $321,047
    Over 8% 5 $1,285,000 $257,000
    <2.5% 5 $585,000 $117,000

    During 2022, Republic State Mortgage Co.'s average interest rate for loans was 5.04%, while their most frequently originated rate bucket for loans was 5-6%, with 837 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 1,135 $335,585,000 $295,670 $8,099 4.94%
    $100k-200k 622 $94,570,000 $152,042 $5,265 5.07%
    $400k-600k 447 $209,555,000 $468,803 $10,412 5.04%
    $100,000 or less 128 $10,440,000 $81,563 $4,007 5.15%
    $600k-1MM 81 $55,575,000 $686,111 $10,477 4.66%
    $1MM+ 18 $22,720,000 $1,262,222 $13,305 4.60%

    2022 saw Republic State Mortgage Co. place emphasis on $200k-400k loans with 1,135 originations, totaling $335,585,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 638 $216,930,000 $340,016 $8,750 5.03%
    $50k-75k 494 $100,700,000 $203,846 $6,378 4.97%
    $75k-100k 457 $125,045,000 $273,621 $7,946 4.96%
    $150k-250k 414 $161,690,000 $390,556 $8,398 5.04%
    $50k or less 279 $40,805,000 $146,254 $5,314 5.01%
    $250k+ 149 $83,275,000 $558,893 $9,577 4.81%

    Republic State Mortgage Co. lent most frequently to those with incomes in the $100k-150k range, with 638 originations. The second most popular income band? $50k-75k, with 494 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 421 $122,995,000 $292,150 $7,241 5.02%
    20-30% 419 $120,285,000 $287,076 $6,545 4.81%
    50-60% 156 $50,330,000 $322,628 $11,224 5.09%
    39% 118 $35,420,000 $300,169 $7,096 5.12%
    48% 104 $31,480,000 $302,692 $8,689 5.08%
    41% 104 $30,130,000 $289,712 $7,704 5.01%
    44% 103 $34,305,000 $333,058 $8,286 5.14%
    38% 102 $29,820,000 $292,353 $7,261 4.94%
    49% 98 $31,690,000 $323,367 $8,250 5.09%
    37% 97 $29,455,000 $303,660 $7,593 4.92%
    36% 95 $28,755,000 $302,684 $7,749 5.00%
    42% 95 $30,315,000 $319,105 $7,446 4.91%
    47% 92 $27,920,000 $303,478 $8,206 5.18%
    40% 89 $27,665,000 $310,843 $8,239 5.10%
    43% 87 $25,805,000 $296,609 $7,168 5.04%
    <20% 85 $22,675,000 $266,765 $5,772 4.44%
    45% 83 $24,645,000 $296,928 $8,444 5.18%
    46% 78 $22,790,000 $292,179 $9,143 5.21%
    >60% 5 $1,965,000 $393,000 $11,361 4.33%

    Republic State Mortgage Co. lent most frequently to those with DTI ratios of 30-36%, with 421 originations. The next most common DTI ratio? 20-30%, with 419 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,867 $524,865,000 $281,127 $7,256 4.98%
    Black 226 $81,930,000 $362,522 $10,495 5.04%
    Asian 166 $62,000,000 $373,494 $7,849 5.00%
    Not provided 146 $51,100,000 $350,000 $8,906 5.07%
    American Indian 18 $5,600,000 $311,111 $7,717 4.85%
    Native Hawaiian or Islander 8 $2,950,000 $368,750 $10,537 4.84%

    Approval Rates

    Total approvals of all applications
    95.11%

    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
    74.04%

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

    Points and Fees

    Points Originations Total Value Average Loan
    NA 2,431 $728,445,000 $299,648

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    2,431 $728,445,000 $299,648

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 53 $9,565,000 $180,472 $4,881 4.65%
    40-60% 177 $47,515,000 $268,446 $5,764 4.66%
    60-80% 583 $189,555,000 $325,137 $7,217 4.96%
    80-100% 1,560 $464,080,000 $297,487 $7,988 5.06%
    Over 100% 48 $16,760,000 $349,167 $15,929 4.76%
    Under 20% 10 $970,000 $97,000 $2,273 3.80%