Firstmark Mortgage Rates, Fees & Info
San Antonio, TXLEI: 254900ZPTT694OV6U433
Tax ID: 74-0879805
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Firstmark is a smaller mortgage company specializing in Refi loans. Firstmark has a high proportion of conventional loans. Their top markets by origination volume include: San Antonio, Houston, Austin, Fredericksburg, and Waco among others. We have data for 12 markets. (Some data included below & more in-depth data is available with an active subscription.)Firstmark 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. Firstmark is typically a low 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 | 6.63% | 4/5/25 |
| 30 Year Conventional Refi | 6.11% | 4/5/25 |
| 30 Year Cash-out Refi | 7.13% | 4/5/25 |
| 30 Year FHA Purchase | 6.72% | 4/5/25 |
| 30 Year VA Purchase | 6.60% | 4/5/25 |
| 15 Year Conventional Purchase | 6.16% | 4/5/25 |
| 15 Year Conventional Refi | 7.58% | 4/5/25 |
| 15 Year Cash-out Refi | 7.58% | 4/5/25 |
| 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. | ||
Firstmark Mortgage Calculator
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Firstmark. 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
352Origination Dollar Volume (All Markets)
$33,220,000Relative Rate
Firstmark's average 30 year fixed mortgage rate was
6.83%.
The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.
This yields a difference of 0.28%.
Relative Fees (Closing Costs)
Firstmark's average total fees/closing costs for a 30 year fixed rate
mortgage were $6,702.
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 $8,356.
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 |
|---|---|---|---|---|---|
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 328 | $28,880,000 | $88,049 | $1,358 | 7.51% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 4 | $1,210,000 | $302,500 | $4,026 | 6.66% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 2 | $920,000 | $460,000 | $6,359 | 6.71% |
| Fredericksburg, TX (FHA|USDA|VA) | 3 | $635,000 | $211,667 | $3,398 | 6.29% |
| WACO, TX (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $7,835 | 6.88% |
| Eagle Pass, TX (FHA|USDA|VA) | 3 | $305,000 | $101,667 | $1,089 | 7.96% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 3 | $295,000 | $98,333 | $964 | 7.21% |
| Outside of Metro Areas | 3 | $245,000 | $81,667 | $960 | 7.39% |
| LAREDO, TX (FHA|USDA|VA) | 2 | $180,000 | $90,000 | $1,614 | 7.06% |
| COLUMBUS, OH (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,964 | 6.63% |
| Alice, TX (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $908 | 8.19% |
| Huntsville, TX (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $1,774 | 7.29% |
Similar Lenders
We use machine learning to identify the top lenders compared against FIRSTMARK based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 237
Similarity Rank: 576
Similarity Rank: 678
Similarity Rank: 770
Similarity Rank: 854
Similarity Rank: 891
Similarity Rank: 918
Similarity Rank: 1360
Similarity Rank: 1440
Similarity Rank: 1656
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 351 | $32,815,000 | $93,490 | $1,434 | 7.49% |
| VA | 1 | $405,000 | $405,000 | $8,971 | 6.13% |
For 2024, Firstmark's most frequently originated type of loan was Conventional, with 351 originations. Their 2nd most popular type was VA, with 1 originations.
Loan Reason
For 2024, Firstmark's most frequently cited loan purpose was Refi, with 118 originations. The 2nd most popular reason was Home Improvement, with 109 originations.
Loan Duration/Length
For 2024, Firstmark's most frequently cited loan duration was 15 Year, with 75 originations. The 2nd most popular length was 20 Year, with 75 originations.
Origination Fees/Closing Costs
Firstmark's average total fees were $6,702, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 302 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 7-8% | 167 | $14,435,000 | $86,437 |
| 6-7% | 98 | $9,680,000 | $98,776 |
| Over 8% | 77 | $6,095,000 | $79,156 |
| 5-6% | 9 | $2,935,000 | $326,111 |
| 4-5% | 1 | $75,000 | $75,000 |
During 2024, Firstmark's average interest rate for loans was 6.83%, while their most frequently originated rate bucket for loans was 7-8%, with 167 originations.
Loan Sizing
2024 saw Firstmark place emphasis on $100,000 or less loans with 246 originations, totaling $12,820,000 in origination value.
Applicant Income
Firstmark lent most frequently to those with incomes in the $50k-75k range, with 83 originations. The second most popular income band? $100k-150k, with 80 originations.
Applicant Debt to Income Ratio
Firstmark lent most frequently to those with DTI ratios of 42%, with 67 originations. The next most common DTI ratio? 30-36%, with 63 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications58.38%
Firstmark has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick Rate
Approvals leading to origination56.53%
Firstmark 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 | 352 | $33,220,000 | $94,375 |