Firstmark Mortgage Rates, Fees & Info

San Antonio, TX

LEI: 254900ZPTT694OV6U433

Tax ID: 74-0879805

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

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Firstmark is a smaller mortgage company specializing in Home Improvement, Other, and Refi loans. Firstmark has a high proportion of conventional loans. Their top markets by origination volume include: San Antonio, Dallas, Fredericksburg, Austin, and Houston among others. We have data for 7 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.

    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 Refi 6.27% 5/14/24
    15 Year Conventional Purchase 5.23% 5/14/24
    15 Year Conventional Refi 6.51% 5/14/24
    15 Year Cash-out Refi 6.51% 5/14/24
    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.

    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

    384

    Origination Dollar Volume (All Markets)

    $20,550,000

    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) 365 $19,275,000 $52,808 $247 5.49%
    Outside of Metro Areas 7 $445,000 $63,571 $693 5.90%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 3 $215,000 $71,667 $227 4.72%
    Fredericksburg, TX (FHA|USDA|VA) 3 $205,000 $68,333 $228 5.27%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 4 $180,000 $45,000 $218 4.96%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $155,000 $155,000 $2,606 5.70%
    Alice, TX (FHA|USDA|VA) 1 $75,000 $75,000 $837 5.00%
    Firstmark's top markets include San Antonio, Dallas, Fredericksburg, Austin, and Houston among others.

    Their top states include:
  • Texas (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 384 $20,550,000 $53,516 $263 5.48%

    For 2019, Firstmark's most frequently originated type of loan was Conventional, with 384 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 139 $7,355,000 $52,914 $274 5.50%
    Other 120 $5,290,000 $44,083 $253 5.52%
    Refi 114 $7,290,000 $63,947 $267 5.43%
    Home Purchase 11 $615,000 $55,909 $198 5.41%

    For 2019, Firstmark's most frequently cited loan purpose was Home Improvement, with 139 originations. The 2nd most popular reason was Other, with 120 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 103 $6,945,000 $67,427 $342 5.83%
    10 Year 102 $5,540,000 $54,314 $221 5.43%
    Other 87 $3,935,000 $45,230 $229 5.19%
    5 Year 55 $1,785,000 $32,455 $216 4.86%
    20 Year 29 $2,145,000 $73,966 $356 6.90%
    3 Year 8 $200,000 $25,000 $195 4.21%

    For 2019, Firstmark's most frequently cited loan duration was 15 Year, with 103 originations. The 2nd most popular length was 10 Year, with 102 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 367 $19,535,000 $53,229

    Firstmark's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 367 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 141 $6,915,000 $49,043
    5-6% 140 $7,980,000 $57,000
    6-7% 47 $2,765,000 $58,830
    7-8% 36 $1,970,000 $54,722
    Over 8% 11 $555,000 $50,455
    3-4% 9 $365,000 $40,556

    During 2019, Firstmark's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 4-5%, with 141 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 349 $15,945,000 $45,688 $219 5.48%
    $100k-200k 32 $3,890,000 $121,563 $687 5.42%
    $200k-400k 3 $715,000 $238,333 $840 6.15%

    2019 saw Firstmark place emphasis on $100,000 or less loans with 349 originations, totaling $15,945,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 118 $5,970,000 $50,593 $231 5.65%
    $50k or less 99 $4,135,000 $41,768 $219 5.55%
    $100k-150k 69 $4,005,000 $58,043 $282 5.22%
    $75k-100k 65 $3,625,000 $55,769 $248 5.38%
    $150k-250k 28 $2,310,000 $82,500 $404 5.40%
    $250k+ 5 $505,000 $101,000 $1,040 5.71%

    Firstmark lent most frequently to those with incomes in the $50k-75k range, with 118 originations. The second most popular income band? $50k or less, with 99 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 85 $4,675,000 $55,000 $250 5.52%
    20-30% 84 $3,940,000 $46,905 $234 5.28%
    39% 34 $1,540,000 $45,294 $230 5.43%
    42% 34 $1,990,000 $58,529 $358 5.83%
    <20% 28 $1,270,000 $45,357 $210 5.41%
    41% 26 $1,700,000 $65,385 $300 5.56%
    36% 20 $1,290,000 $64,500 $401 5.47%
    38% 19 $1,205,000 $63,421 $197 5.85%
    37% 17 $845,000 $49,706 $287 5.34%
    40% 16 $1,000,000 $62,500 $197 5.43%
    43% 8 $300,000 $37,500 $196 5.44%
    45% 5 $345,000 $69,000 $637 5.28%
    44% 4 $240,000 $60,000 $192 5.94%
    46% 1 $55,000 $55,000 $217 6.20%
    47% 1 $65,000 $65,000 $192 5.30%
    48% 1 $35,000 $35,000 $222 4.95%

    Firstmark lent most frequently to those with DTI ratios of 30-36%, with 85 originations. The next most common DTI ratio? 20-30%, with 84 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 343 $18,355,000 $53,513 $270 5.43%
    Black 16 $810,000 $50,625 $221 6.01%
    Not provided 16 $750,000 $46,875 $197 5.86%
    Asian 6 $470,000 $78,333 $192 5.81%
    American Indian 3 $165,000 $55,000 $197 6.13%

    Approval Rates

    Total approvals of all applications
    45.67%

    Firstmark has a low approval rate. They may have poor market targeting or stringent lending standards.

    Pick Rate

    Approvals leading to origination
    66.67%

    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 384 $20,550,000 $53,516

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 384 $20,550,000 $53,516

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 138 $6,960,000 $50,435 $244 5.52%
    40-60% 57 $3,775,000 $66,228 $241 5.45%
    60-80% 56 $4,800,000 $85,714 $363 5.90%
    80-100% 15 $1,165,000 $77,667 $444 5.65%
    Under 20% 118 $3,850,000 $32,627 $228 5.24%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    FIRSTBANK Home equity loan or line of credit (HELOC) Trouble during payment process 1 100.0%