Republic State Mortgage Co. Rates, Fees & Info

Houston, TX

LEI: 254900LKAJBFGO0IIP75

Tax ID: 76-0454396

4.5 stars - out of 5 stars, based on 71 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Republic State Mortgage Co. is a small mortgage company specializing in Home Purchase and Refi 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 include Houston, Dallas, Austin, Beaumont, and Bowling Green among others. Republic State Mortgage Co. has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Republic State Mortgage Co. is typically an average fee lendor.


Originations

5,095

Origination Dollar Volume (All Markets)

$1,330,055,000
Show all (17) awards

Relative Rate

Republic State Mortgage Co.'s average 30 year fixed rate mortgage of loans were 3.06%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of -0.09%.

Relative Fees

Republic State Mortgage Co.'s average total fees for a 30 year fixed rate mortgage are $5,536.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 944 $323,700,000 $342,903 $5,558 2.93%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1,103 $316,625,000 $287,058 $6,603 3.02%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 356 $125,910,000 $353,680 $6,132 2.94%
BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 389 $80,165,000 $206,080 $5,384 3.08%
BOWLING GREEN, KY (FHA|USDA|VA) 373 $73,225,000 $196,314 $3,880 2.91%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 156 $55,090,000 $353,141 $4,550 2.89%
Outside of Metro Areas 281 $49,215,000 $175,142 $4,606 3.05%
LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 238 $48,310,000 $202,983 $3,885 3.02%
BATON ROUGE, LA (FHA|USDA|VA) 128 $33,920,000 $265,000 $6,123 3.17%
Frankfort, KY (FHA|USDA|VA) 75 $15,395,000 $205,267 $4,261 3.09%
London, KY (FHA|USDA|VA) 86 $14,180,000 $164,884 $4,460 3.08%
LOUISVILLE/JEFFERSON COUNTY, KY-IN (FHA|USDA|VA) 65 $13,335,000 $205,154 $3,574 2.94%
New Philadelphia-Dover, OH (FHA|USDA|VA) 93 $13,075,000 $140,591 $3,880 3.16%
Danville, KY (FHA|USDA|VA) 85 $12,305,000 $144,765 $4,225 3.14%
Mount Sterling, KY (FHA|USDA|VA) 77 $12,145,000 $157,727 $4,565 3.06%
Somerset, KY (FHA|USDA|VA) 70 $12,060,000 $172,286 $4,472 3.11%
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 48 $11,290,000 $235,208 $5,241 3.15%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 30 $9,440,000 $314,667 $5,467 2.94%
PANAMA CITY, FL (FHA|USDA|VA) 30 $7,480,000 $249,333 $5,187 3.03%
Glasgow, KY (FHA|USDA|VA) 45 $7,165,000 $159,222 $4,319 2.98%
PITTSFIELD, MA (FHA|USDA|VA) 31 $6,705,000 $216,290 $4,912 2.87%
Big Spring, TX (FHA|USDA|VA) 33 $6,655,000 $201,667 $6,543 3.05%
Richmond-Berea, KY (FHA|USDA|VA) 33 $6,435,000 $195,000 $4,994 3.12%
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 21 $6,045,000 $287,857 $3,616 3.06%
CANTON-MASSILLON, OH (FHA|USDA|VA) 28 $3,950,000 $141,071 $3,680 3.11%
TYLER, TX (FHA|USDA|VA) 13 $3,865,000 $297,308 $4,818 3.08%
ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) 21 $3,485,000 $165,952 $4,220 3.07%
MIDLAND, TX (FHA|USDA|VA) 14 $3,430,000 $245,000 $5,753 3.04%
HOUMA-THIBODAUX, LA (FHA|USDA|VA) 15 $2,905,000 $193,667 $5,916 3.45%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 12 $2,820,000 $235,000 $6,182 3.17%
ABILENE, TX (FHA|USDA|VA) 15 $2,685,000 $179,000 $5,727 3.02%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 5 $2,185,000 $437,000 $4,152 3.15%
SHERMAN-DENISON, TX (FHA|USDA|VA) 8 $2,010,000 $251,250 $5,765 2.84%
WORCESTER, MA-CT (FHA|USDA|VA) 5 $1,975,000 $395,000 $7,863 2.95%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 6 $1,940,000 $323,333 $4,097 2.83%
MANCHESTER-NASHUA, NH (FHA|USDA|VA) 5 $1,885,000 $377,000 $6,081 3.20%
LUBBOCK, TX (FHA|USDA|VA) 8 $1,850,000 $231,250 $4,661 3.03%
WACO, TX (FHA|USDA|VA) 7 $1,685,000 $240,714 $5,122 3.05%
Campbellsville, KY (FHA|USDA|VA) 13 $1,605,000 $123,462 $5,048 2.85%
Bardstown, KY (FHA|USDA|VA) 8 $1,420,000 $177,500 $3,791 2.91%
ODESSA, TX (FHA|USDA|VA) 6 $1,390,000 $231,667 $8,551 3.04%
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 3 $1,385,000 $461,667 $5,776 3.04%
CORPUS CHRISTI, TX (FHA|USDA|VA) 5 $1,285,000 $257,000 $5,200 3.05%
LAKE CHARLES, LA (FHA|USDA|VA) 5 $1,215,000 $243,000 $6,093 2.88%
Picayune, MS (FHA|USDA|VA) 5 $1,175,000 $235,000 $7,000 3.65%
HAMMOND, LA (FHA|USDA|VA) 4 $940,000 $235,000 $4,744 3.44%
JACKSONVILLE, FL (FHA|USDA|VA) 2 $870,000 $435,000 $5,283 2.75%
PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 2 $820,000 $410,000 $4,092 2.75%
WICHITA FALLS, TX (FHA|USDA|VA) 4 $800,000 $200,000 $4,568 2.63%
Sweetwater, TX (FHA|USDA|VA) 4 $780,000 $195,000 $7,157 3.47%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 2 $760,000 $380,000 $8,362 2.81%
BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 3 $705,000 $235,000 $6,288 2.92%
Rockport, TX (FHA|USDA|VA) 1 $695,000 $695,000 $8,550 3.50%
Gainesville, TX (FHA|USDA|VA) 3 $695,000 $231,667 $4,401 3.71%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 2 $680,000 $340,000 $3,409 3.19%
Key West, FL (FHA|USDA|VA) 1 $605,000 $605,000 $19,251 3.38%
AMARILLO, TX (FHA|USDA|VA) 2 $600,000 $300,000 $10,756 2.81%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $575,000 $575,000 $1,989 2.75%
MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 2 $570,000 $285,000 $4,049 2.81%
Lebanon, NH-VT (FHA|USDA|VA) 2 $550,000 $275,000 $3,902 2.94%
Huntsville, TX (FHA|USDA|VA) 2 $530,000 $265,000 $8,018 2.94%
Concord, NH (FHA|USDA|VA) 3 $515,000 $171,667 $3,661 2.92%
Uvalde, TX (FHA|USDA|VA) 2 $470,000 $235,000 $6,421 2.94%
BARNSTABLE TOWN, MA (FHA|USDA|VA) 1 $465,000 $465,000 $8,863 3.25%
LAFAYETTE, LA (FHA|USDA|VA) 3 $445,000 $148,333 $5,962 2.83%
JACKSON, MS (FHA|USDA|VA) 3 $435,000 $145,000 $3,475 3.42%
Bonham, TX (FHA|USDA|VA) 1 $415,000 $415,000 $6,353 3.13%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $405,000 $405,000 $4,981 3.38%
Lufkin, TX (FHA|USDA|VA) 2 $400,000 $200,000 $4,685 3.31%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 2 $400,000 $200,000 $1,676 2.81%
COLUMBUS, OH (FHA|USDA|VA) 2 $390,000 $195,000 $3,534 2.94%
FORT COLLINS, CO (FHA|USDA|VA) 1 $375,000 $375,000 $3,332 2.63%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 2 $370,000 $185,000 $0 3.25%
Ashland, OH (FHA|USDA|VA) 2 $370,000 $185,000 $3,913 3.44%
GAINESVILLE, GA (FHA|USDA|VA) 1 $365,000 $365,000 $4,244 2.50%
Port Lavaca, TX (FHA|USDA|VA) 1 $345,000 $345,000 $9,437 2.75%
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 2 $340,000 $170,000 $5,348 3.00%
COLORADO SPRINGS, CO (FHA|USDA|VA) 1 $335,000 $335,000 $6,342 2.88%
Coshocton, OH (FHA|USDA|VA) 2 $330,000 $165,000 $3,223 2.75%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 1 $325,000 $325,000 $3,468 2.63%
Wooster, OH (FHA|USDA|VA) 2 $320,000 $160,000 $4,493 2.75%
Salem, OH (FHA|USDA|VA) 2 $310,000 $155,000 $4,447 3.13%
PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 1 $295,000 $295,000 $3,571 2.50%
Jacksonville, TX (FHA|USDA|VA) 1 $285,000 $285,000 $4,860 2.50%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 1 $285,000 $285,000 $3,197 3.13%
Granbury, TX (FHA|USDA|VA) 2 $280,000 $140,000 $6,021 3.94%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $265,000 $265,000 $3,792 3.13%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $265,000 $265,000 $8,171 3.00%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $265,000 $265,000 $4,030 2.88%
Athens, TX (FHA|USDA|VA) 1 $245,000 $245,000 $4,060 2.88%
Snyder, TX (FHA|USDA|VA) 1 $245,000 $245,000 $11,384 3.25%
Bogalusa, LA (FHA|USDA|VA) 1 $215,000 $215,000 $4,738 3.63%
Natchitoches, LA (FHA|USDA|VA) 1 $205,000 $205,000 $7,314 2.88%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $195,000 $195,000 $6,601 3.63%
OCALA, FL (FHA|USDA|VA) 1 $195,000 $195,000 $4,287 2.50%
Kerrville, TX (FHA|USDA|VA) 1 $195,000 $195,000 $4,786 3.13%
OWENSBORO, KY (FHA|USDA|VA) 1 $185,000 $185,000 $6,313 3.25%
LONGVIEW, TX (FHA|USDA|VA) 1 $185,000 $185,000 $4,688 3.13%
LIMA, OH (FHA|USDA|VA) 1 $165,000 $165,000 $2,830 3.00%
Stephenville, TX (FHA|USDA|VA) 1 $155,000 $155,000 $3,320 3.00%
WEIRTON-STEUBENVILLE, WV-OH (FHA|USDA|VA) 1 $145,000 $145,000 $5,533 3.13%
Morgan City, LA (FHA|USDA|VA) 1 $135,000 $135,000 $5,117 3.00%
Opelousas, LA (FHA|USDA|VA) 1 $125,000 $125,000 $4,027 2.88%
El Campo, TX (FHA|USDA|VA) 1 $115,000 $115,000 $3,482 2.38%
GULFPORT-BILOXI, MS (FHA|USDA|VA) 1 $95,000 $95,000 $3,452 3.13%

Republic State Mortgage Co.'s top markets include Houston, Dallas, Austin, Beaumont, and Bowling Green among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 3,625 $1,015,155,000 $280,043 $4,674 2.98%
FHA 975 $204,015,000 $209,246 $7,529 3.11%
USDA 248 $39,330,000 $158,589 $4,791 3.06%
VA 247 $71,555,000 $289,696 $7,137 2.91%

For the 2021 period, Republic State Mortgage Co.'s most frequently originated loan type of loans were Conventional, with 3,625 originations. Their 2nd most popular type is FHA, with 975 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 3,570 $924,120,000 $258,857 $5,800 3.05%
Refi 1,276 $336,090,000 $263,393 $4,110 2.85%
Cash Out Refi 248 $69,560,000 $280,484 $5,154 3.09%
Home Improvement 1 $285,000 $285,000 $10,695 2.88%

For the 2021, Republic State Mortgage Co.'s most frequently cited loan purpose of loans were Home Purchase, with 3,570 originations. The 2nd most popular reason of loans were Refi, with 1,276 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 4,504 $1,201,590,000 $266,783 $5,536 3.06%
15 Year 351 $75,975,000 $216,453 $3,984 2.48%
20 Year 158 $35,710,000 $226,013 $3,802 2.77%
Other 67 $14,385,000 $214,701 $3,896 2.89%
10 Year 15 $2,395,000 $159,667 $3,531 2.52%

For the 2021, Republic State Mortgage Co.'s most frequently cited loan length of loans were 30 Year, with 4,504 originations. The 2nd most popular length of loans were 15 Year, with 351 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$1k-2k 3,283 $841,225,000 $256,237
$2k-3k 564 $141,660,000 $251,170
$<1k 534 $134,580,000 $252,022
$3k-4k 532 $144,720,000 $272,030
$5k+ 161 $64,115,000 $398,230

$5,536 of loans were Republic State Mortgage Co.'s average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 3,283 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
2.5-3% 2,222 $622,720,000 $280,252
3-4% 2,203 $545,505,000 $247,619
<2.5% 629 $152,235,000 $242,027
4-5% 40 $9,040,000 $226,000
5-6% 1 $555,000 $555,000

During 2021, Republic State Mortgage Co.'s average interest rate of loans were 3.06%, while their most frequently originated rate bucket of loans were 2.5-3%, with 2,222 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 2,603 $732,995,000 $281,596 $5,807 2.99%
$100k-200k 1,626 $248,250,000 $152,675 $4,335 3.02%
$400k-600k 517 $248,495,000 $480,648 $6,467 2.98%
$100,000 or less 256 $20,580,000 $80,391 $3,416 3.11%
$600k-1MM 71 $52,275,000 $736,268 $8,499 3.04%
$1MM+ 22 $27,460,000 $1,248,182 $11,628 3.02%

2021 saw Republic State Mortgage Co. place emphasis on $200k-400k loans with 2,603 originations, totaling $732,995,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$50k-75k 1,163 $240,575,000 $206,857 $5,220 3.03%
$100k-150k 1,103 $319,555,000 $289,714 $5,617 2.99%
$75k-100k 936 $234,260,000 $250,278 $5,612 3.02%
$50k or less 890 $137,170,000 $154,124 $4,374 3.03%
$150k-250k 683 $245,495,000 $359,436 $5,591 2.97%
$250k+ 284 $143,560,000 $505,493 $6,537 2.95%

Republic State Mortgage Co. lent most frequently to those with incomes in the $50k-75k range, with 1,163 originations. The second most popular income band? $100k-150k, with 1,103 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 1,533 $403,925,000 $263,487 $5,252 3.01%
<20% 1,001 $257,835,000 $257,577 $4,791 3.01%
30-36% 860 $225,920,000 $262,698 $5,486 2.99%
36% 153 $40,715,000 $266,111 $5,000 2.98%
41% 139 $37,545,000 $270,108 $5,244 2.99%
40% 137 $34,465,000 $251,569 $5,518 3.05%
39% 131 $37,065,000 $282,939 $5,862 3.00%
37% 130 $36,740,000 $282,615 $5,675 3.02%
38% 126 $31,650,000 $251,190 $5,524 3.00%
44% 126 $30,450,000 $241,667 $5,638 3.04%
42% 116 $32,030,000 $276,121 $5,410 3.06%
43% 111 $28,085,000 $253,018 $4,987 3.02%
45% 100 $24,250,000 $242,500 $5,673 3.01%
50-60% 98 $24,240,000 $247,347 $8,301 3.02%
49% 78 $20,390,000 $261,410 $6,091 2.98%
48% 77 $19,655,000 $255,260 $5,944 3.03%
47% 77 $18,255,000 $237,078 $5,941 2.99%
46% 70 $18,990,000 $271,286 $5,883 3.00%
>60% 4 $1,110,000 $277,500 $7,339 2.97%

Republic State Mortgage Co. lent most frequently to those with DTI ratios of 20-30%, with 1,533 originations. The next most common DTI ratio? <20%, with 1,001 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 4,007 $1,033,495,000 $257,922 $5,204 3.00%
Not provided 385 $103,995,000 $270,117 $5,817 2.94%
Asian 335 $90,795,000 $271,030 $4,745 2.96%
Black 325 $90,545,000 $278,600 $7,141 3.14%
American Indian 36 $9,090,000 $252,500 $5,646 3.00%
Native Hawaiian 5 $1,435,000 $287,000 $6,536 2.93%
Other Asian 1 $435,000 $435,000 $3,794 2.50%
Asian Indian 1 $265,000 $265,000 $3,969 2.88%

Approval Rates

Total approvals of all applications
95.66%

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
84.49%

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

Points and Fees

Points Originations Total Value Average Loan
NA 5,095 $1,330,055,000 $261,051

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
5,095 $1,330,055,000 $261,051

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 135 $30,525,000 $226,111 $4,155 2.72%
40-60% 497 $127,975,000 $257,495 $4,328 2.78%
60-80% 1,459 $419,235,000 $287,344 $4,812 3.01%
80-100% 2,927 $731,525,000 $249,923 $5,707 3.06%
Over 100% 64 $19,120,000 $298,750 $11,995 2.94%
Under 20% 13 $1,675,000 $128,846 $2,814 2.06%