Republic State Mortgage Co. Rates, Fees & Info
Houston, TXLEI: 254900LKAJBFGO0IIP75
Tax ID: 76-0454396
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Mortgage Data
Review & 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 by origination volume include: Houston, Dallas, Bowling Green, Beaumont, and Boston among others. We have data for 107 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.71% | 4/21/24 |
| 30 Year Conventional Refi | 6.68% | 4/21/24 |
| 30 Year Cash-out Refi | 6.85% | 4/21/24 |
| 30 Year FHA Purchase | 7.55% | 4/21/24 |
| 30 Year FHA Refi | 7.65% | 4/21/24 |
| 30 Year VA Purchase | 6.29% | 4/21/24 |
| 30 Year VA Refi | 6.27% | 4/21/24 |
| 30 Year USDA Purchase | 7.04% | 4/21/24 |
| 30 Year USDA Refi | 6.27% | 4/21/24 |
| 15 Year Conventional Purchase | 6.12% | 4/21/24 |
| 15 Year Conventional Refi | 6.32% | 4/21/24 |
| 15 Year Cash-out Refi | 6.32% | 4/21/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
5,231Origination Dollar Volume (All Markets)
$1,264,805,000Awards
Republic State Mortgage Co. - 2020
Republic State Mortgage Co. is a 2020 , due to their low .
For 2020, less than of lenders were eligible for this award.
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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 |
|---|---|---|---|---|---|
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 1,141 | $354,415,000 | $310,618 | $4,980 | 3.06% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1,149 | $302,985,000 | $263,695 | $5,799 | 3.09% |
| BOWLING GREEN, KY (FHA|USDA|VA) | 383 | $70,735,000 | $184,687 | $3,770 | 3.13% |
| BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) | 327 | $65,145,000 | $199,220 | $4,868 | 3.19% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 191 | $64,835,000 | $339,450 | $3,616 | 3.07% |
| LEXINGTON-FAYETTE, KY (FHA|USDA|VA) | 275 | $54,575,000 | $198,455 | $3,599 | 3.26% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 139 | $46,135,000 | $331,906 | $5,425 | 2.90% |
| BATON ROUGE, LA (FHA|USDA|VA) | 182 | $41,320,000 | $227,033 | $4,624 | 3.21% |
| Outside of Metro Areas | 242 | $40,900,000 | $169,008 | $4,751 | 3.35% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 78 | $18,510,000 | $237,308 | $4,498 | 3.13% |
| LOUISVILLE, KY (FHA|USDA|VA) | 78 | $17,560,000 | $225,128 | $3,537 | 3.12% |
| New Philadelphia-Dover, OH (FHA|USDA|VA) | 114 | $16,570,000 | $145,351 | $3,010 | 3.38% |
| London, KY (FHA|USDA|VA) | 98 | $14,430,000 | $147,245 | $4,224 | 3.38% |
| Danville, KY (FHA|USDA|VA) | 104 | $13,730,000 | $132,019 | $4,029 | 3.36% |
| Mount Sterling, KY (FHA|USDA|VA) | 80 | $11,980,000 | $149,750 | $4,368 | 3.51% |
| Frankfort, KY (FHA|USDA|VA) | 61 | $10,525,000 | $172,541 | $4,170 | 3.36% |
| Glasgow, KY (FHA|USDA|VA) | 50 | $8,110,000 | $162,200 | $4,430 | 3.40% |
| Somerset, KY (FHA|USDA|VA) | 57 | $7,935,000 | $139,211 | $4,208 | 3.30% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 27 | $7,895,000 | $292,407 | $4,650 | 2.94% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 27 | $7,875,000 | $291,667 | $4,094 | 3.20% |
| Richmond-Berea, KY (FHA|USDA|VA) | 33 | $6,745,000 | $204,394 | $3,724 | 3.22% |
| Big Spring, TX (FHA|USDA|VA) | 33 | $6,395,000 | $193,788 | $5,170 | 3.36% |
| MIDLAND, TX (FHA|USDA|VA) | 20 | $5,850,000 | $292,500 | $5,611 | 3.04% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 22 | $5,620,000 | $255,455 | $6,055 | 3.12% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 18 | $5,580,000 | $310,000 | $3,487 | 3.28% |
| CANTON-MASSILLON, OH (FHA|USDA|VA) | 40 | $5,500,000 | $137,500 | $3,313 | 3.18% |
| PITTSFIELD, MA (FHA|USDA|VA) | 35 | $5,015,000 | $143,286 | $3,640 | 2.76% |
| TYLER, TX (FHA|USDA|VA) | 13 | $3,345,000 | $257,308 | $4,297 | 3.17% |
| ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) | 18 | $3,230,000 | $179,444 | $5,172 | 3.38% |
| HOUMA-THIBODAUX, LA (FHA|USDA|VA) | 12 | $2,420,000 | $201,667 | $6,351 | 3.89% |
| ABILENE, TX (FHA|USDA|VA) | 12 | $2,290,000 | $190,833 | $5,346 | 3.44% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 7 | $1,815,000 | $259,286 | $5,221 | 3.20% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 6 | $1,720,000 | $286,667 | $4,044 | 2.90% |
| Concord, NH (FHA|USDA|VA) | 5 | $1,585,000 | $317,000 | $5,227 | 3.18% |
| ODESSA, TX (FHA|USDA|VA) | 7 | $1,555,000 | $222,143 | $4,255 | 3.07% |
| LUBBOCK, TX (FHA|USDA|VA) | 7 | $1,505,000 | $215,000 | $5,245 | 2.80% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 5 | $1,285,000 | $257,000 | $4,630 | 3.20% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 4 | $1,270,000 | $317,500 | $2,606 | 2.91% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 7 | $1,265,000 | $180,714 | $6,256 | 2.84% |
| Bardstown, KY (FHA|USDA|VA) | 7 | $1,185,000 | $169,286 | $3,855 | 3.43% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 3 | $1,125,000 | $375,000 | $7,647 | 3.58% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 6 | $1,060,000 | $176,667 | $4,007 | 3.19% |
| SAN ANGELO, TX (FHA|USDA|VA) | 5 | $1,035,000 | $207,000 | $3,975 | 3.35% |
| Athens, TX (FHA|USDA|VA) | 3 | $985,000 | $328,333 | $8,252 | 2.92% |
| Granbury, TX (FHA|USDA|VA) | 5 | $935,000 | $187,000 | $5,786 | 3.25% |
| HAMMOND, LA (FHA|USDA|VA) | 5 | $845,000 | $169,000 | $3,445 | 3.43% |
| WICHITA FALLS, TX (FHA|USDA|VA) | 5 | $815,000 | $163,000 | $5,100 | 3.15% |
| MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 3 | $805,000 | $268,333 | $3,307 | 3.46% |
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 2 | $700,000 | $350,000 | $2,683 | 3.56% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 2 | $640,000 | $320,000 | $4,739 | 3.06% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 2 | $620,000 | $310,000 | $2,942 | 2.69% |
| LAFAYETTE, LA (FHA|USDA|VA) | 4 | $610,000 | $152,500 | $5,386 | 3.53% |
| BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) | 2 | $550,000 | $275,000 | $3,005 | 2.94% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $3,526 | 3.00% |
| Snyder, TX (FHA|USDA|VA) | 3 | $505,000 | $168,333 | $6,516 | 3.88% |
| Cullowhee, NC (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $7,456 | 2.38% |
| AMARILLO, TX (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $6,084 | 3.38% |
| Campbellsville, KY (FHA|USDA|VA) | 4 | $470,000 | $117,500 | $4,737 | 3.69% |
| Brenham, TX (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $5,225 | 3.25% |
| LONGVIEW, TX (FHA|USDA|VA) | 3 | $385,000 | $128,333 | $4,127 | 3.46% |
| Lewisburg, TN (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $3,569 | 2.88% |
| Bonham, TX (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $6,660 | 3.19% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $4,887 | 2.88% |
| Lebanon, NH-VT (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $3,097 | 2.75% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $4,643 | 3.25% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $3,647 | 3.38% |
| GULFPORT-BILOXI, MS (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $1,815 | 3.38% |
| Ruston, LA (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $5,549 | 2.63% |
| LAREDO, TX (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $6,370 | 4.44% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $3,698 | 3.50% |
| JACKSON, MS (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $4,203 | 4.13% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $4,171 | 2.50% |
| MOBILE, AL (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $4,003 | 3.13% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $4,408 | 3.13% |
| LAKE CHARLES, LA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $6,750 | 3.13% |
| Huntsville, TX (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $6,721 | 3.38% |
| AKRON, OH (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $2,670 | 3.38% |
| Wooster, OH (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $7,098 | 3.25% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $4,103 | 3.38% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $1,513 | 3.00% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $7,318 | 2.88% |
| MORRISTOWN, TN (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $2,509 | 2.88% |
| PANAMA CITY, FL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $2,172 | 2.38% |
| Cambridge, OH (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $4,695 | 4.13% |
| OWENSBORO, KY (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,955 | 3.38% |
| Sweetwater, TX (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,458 | 3.88% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $2,621 | 2.88% |
| Gainesville, TX (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $5,812 | 3.13% |
| MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $4,152 | 2.25% |
| EVANSVILLE, IN-KY (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $6,122 | 3.75% |
| Nacogdoches, TX (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $5,167 | 2.75% |
| WACO, TX (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,705 | 3.63% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $7,734 | 4.75% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $6,488 | 4.63% |
| Salem, OH (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $1,959 | 3.00% |
| Natchitoches, LA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $1,791 | 4.25% |
| Central City, KY (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,786 | 3.13% |
| VICTORIA, TX (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $6,067 | 3.75% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $4,392 | 3.25% |
| Picayune, MS (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $1,111 | 3.75% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,327 | 2.88% |
| Uvalde, TX (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,869 | 3.38% |
| Paris, TX (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $4,804 | 3.88% |
| Jacksonville, TX (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $2,855 | 4.25% |
| Madisonville, KY (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $3,468 | 3.25% |
| YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $3,191 | 3.75% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $3,190 | 3.38% |
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
For 2020, Republic State Mortgage Co.'s most frequently originated type of loan was Conventional, with 3,584 originations. Their 2nd most popular type was FHA, with 1,028 originations.
Loan Reason
For 2020, Republic State Mortgage Co.'s most frequently cited loan purpose was Home Purchase, with 3,268 originations. The 2nd most popular reason was Refi, with 1,814 originations.
Loan Duration/Length
For 2020, Republic State Mortgage Co.'s most frequently cited loan duration was 30 Year, with 4,517 originations. The 2nd most popular length was 15 Year, with 431 originations.
Origination Fees/Closing Costs
Republic State Mortgage Co.'s average total fees were $4,892, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 3,296 originations.
Interest Rates
During 2020, Republic State Mortgage Co.'s average interest rate for loans was 3.21%, while their most frequently originated rate bucket for loans was 3-4%, with 2,244 originations.
Loan Sizing
2020 saw Republic State Mortgage Co. place emphasis on $200k-400k loans with 2,570 originations, totaling $707,070,000 in origination value.
Applicant Income
Republic State Mortgage Co. lent most frequently to those with incomes in the $50k-75k range, with 1,180 originations. The second most popular income band? $100k-150k, with 1,149 originations.
Applicant Debt to Income Ratio
Republic State Mortgage Co. lent most frequently to those with DTI ratios of 20-30%, with 1,170 originations. The next most common DTI ratio? 30-36%, with 992 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.98%
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 origination85.22%
Republic State Mortgage Co. has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 5,231 | $1,264,805,000 | $241,790 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 105 | $11,945,000 | $113,762 |
| Single Family (1-4 Units):Site-Built | 5,126 | $1,252,860,000 | $244,413 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2020 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Republic State Mortgage Co. | Home equity loan or line of credit (HELOC) | Applying for a mortgage or refinancing an existing mortgage | 1 | 100.0% |