Texas Mortgage Lending Rates, Fees & Info

Austin, TX

LEI: 254900ZW2DR74NU0ZY74

Tax ID: 82-0953703

5 stars - Updated: 4/5/25 - out of 5 stars, based on 22 reviews

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • 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

    Texas Mortgage Lending is a smaller mortgage company specializing in Home Purchase loans. Texas Mortgage Lending has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Dallas, Austin, Longview, Houston, and Tyler among others. We have data for 27 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Texas Mortgage Lending has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Texas Mortgage Lending 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 6.86% 4/5/25
    30 Year Conventional Refi 6.55% 4/5/25
    30 Year Cash-out Refi 7.08% 4/5/25
    30 Year FHA Purchase 7.15% 4/5/25
    30 Year FHA Refi 7.49% 4/5/25
    30 Year VA Purchase 6.73% 4/5/25
    15 Year Conventional Purchase 6.29% 4/5/25
    15 Year Conventional Refi 6.18% 4/5/25
    15 Year Cash-out Refi 6.18% 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.

    Texas Mortgage Lending Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Texas Mortgage Lending. 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

    490

    Origination Dollar Volume (All Markets)

    $189,490,000

    Awards

    Texas Mortgage Lending 30 Year Conventional Loans bronze Texas Mortgage Lending 30 Year Conventional Loans silver Texas Mortgage Lending 30 Year Conventional Loans gold
    Show all (3) awards

    Relative Rate

    Texas Mortgage Lending's average 30 year fixed mortgage rate was 6.66%.

    The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.

    This yields a difference of 0.11%.

    Relative Fees (Closing Costs)

    Texas Mortgage Lending's average total fees/closing costs for a 30 year fixed rate mortgage were $7,181.

    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
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 301 $124,675,000 $414,203 $7,119 6.62%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 72 $29,940,000 $415,833 $7,494 6.69%
    LONGVIEW, TX (FHA|USDA|VA) 24 $8,520,000 $355,000 $6,446 6.50%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 18 $5,600,000 $311,111 $5,695 6.74%
    Outside of Metro Areas 19 $4,355,000 $229,211 $7,312 6.79%
    TYLER, TX (FHA|USDA|VA) 10 $2,810,000 $281,000 $7,048 6.50%
    SHERMAN-DENISON, TX (FHA|USDA|VA) 6 $2,280,000 $380,000 $6,971 7.04%
    WACO, TX (FHA|USDA|VA) 2 $1,540,000 $770,000 $8,071 7.12%
    Bonham, TX (FHA|USDA|VA) 4 $1,480,000 $370,000 $6,781 6.69%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 5 $1,345,000 $269,000 $7,157 7.17%
    Paris, TX (FHA|USDA|VA) 6 $1,330,000 $221,667 $7,176 6.67%
    KILLEEN-TEMPLE, TX (FHA|USDA|VA) 3 $675,000 $225,000 $5,119 6.88%
    Jacksonville, TX (FHA|USDA|VA) 2 $660,000 $330,000 $6,629 6.56%
    Corsicana, TX (FHA|USDA|VA) 2 $570,000 $285,000 $5,794 7.00%
    BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 2 $470,000 $235,000 $6,122 6.81%
    ABILENE, TX (FHA|USDA|VA) 1 $425,000 $425,000 $11,156 6.88%
    EL PASO, TX (FHA|USDA|VA) 2 $380,000 $190,000 $7,047 6.74%
    Granbury, TX (FHA|USDA|VA) 2 $380,000 $190,000 $3,283 6.56%
    Athens, TX (FHA|USDA|VA) 1 $345,000 $345,000 $6,610 8.50%
    SAN ANGELO, TX (FHA|USDA|VA) 1 $325,000 $325,000 $8,707 6.88%
    Sweetwater, TX (FHA|USDA|VA) 1 $235,000 $235,000 $4,488 6.13%
    Sulphur Springs, TX (FHA|USDA|VA) 1 $225,000 $225,000 $10,943 6.00%
    Palestine, TX (FHA|USDA|VA) 1 $225,000 $225,000 $10,332 5.88%
    Nacogdoches, TX (FHA|USDA|VA) 1 $225,000 $225,000 $4,988 6.99%
    COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 1 $215,000 $215,000 $7,444 8.13%
    ODESSA, TX (FHA|USDA|VA) 1 $155,000 $155,000 $0 8.13%
    Alice, TX (FHA|USDA|VA) 1 $105,000 $105,000 $4,223 6.43%
    Texas Mortgage Lending's top markets include Dallas, Austin, Longview, Houston, and Tyler among others.

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

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Texas Mortgage Lending based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    DSLD MORTGAGE, LLC
    Similarity Rank: 105
    GSB MORTGAGE, INC.
    Similarity Rank: 133
    HOMEAMERICAN MORTGAGE CORPORATION
    Similarity Rank: 144
    TEXELL Credit Union
    Similarity Rank: 154
    AMOCO
    Similarity Rank: 180
    FIRST CHOICE MH LLC
    Similarity Rank: 261
    SCHLUMBERGER EMPLOYEES CREDIT UNION
    Similarity Rank: 275
    SMART FINANCIAL CREDIT UNION
    Similarity Rank: 405
    DATCU
    Similarity Rank: 468
    VELOCITY Credit Union
    Similarity Rank: 492

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 443 $172,755,000 $389,966 $6,567 6.69%
    FHA 42 $14,920,000 $355,238 $12,321 6.33%
    VA 5 $1,815,000 $363,000 $6,713 6.50%

    For 2024, Texas Mortgage Lending's most frequently originated type of loan was Conventional, with 443 originations. Their 2nd most popular type was FHA, with 42 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 332 $135,240,000 $407,349 $7,437 6.62%
    Cash Out Refi 110 $27,720,000 $252,000 $6,105 6.93%
    Refi 48 $26,530,000 $552,708 $6,659 6.31%

    For 2024, Texas Mortgage Lending's most frequently cited loan purpose was Home Purchase, with 332 originations. The 2nd most popular reason was Cash Out Refi, with 110 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 463 $181,625,000 $392,279 $7,181 6.66%
    15 Year 19 $5,675,000 $298,684 $5,346 6.59%
    20 Year 6 $1,570,000 $261,667 $5,212 7.33%
    5 Year 1 $95,000 $95,000 $1,608 6.75%
    Other 1 $525,000 $525,000 $2,647 4.99%

    For 2024, Texas Mortgage Lending's most frequently cited loan duration was 30 Year, with 463 originations. The 2nd most popular length was 15 Year, with 19 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 248 $84,220,000 $339,597
    $2k-3k 69 $41,095,000 $595,580
    $<1k 68 $25,090,000 $368,971
    $3k-4k 42 $12,890,000 $306,905
    $5k+ 40 $19,220,000 $480,500
    $4k-5k 20 $6,180,000 $309,000

    Texas Mortgage Lending's average total fees were $7,181, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 248 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 335 $127,665,000 $381,090
    7-8% 77 $22,505,000 $292,273
    5-6% 68 $33,650,000 $494,853
    Over 8% 7 $1,595,000 $227,857
    4-5% 2 $1,820,000 $910,000
    2.5-3% 1 $2,255,000 $2,255,000

    During 2024, Texas Mortgage Lending's average interest rate for loans was 6.66%, while their most frequently originated rate bucket for loans was 6-7%, with 335 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 233 $68,365,000 $293,412 $6,634 6.69%
    $400k-600k 94 $44,990,000 $478,617 $8,048 6.59%
    $100k-200k 76 $11,700,000 $153,947 $5,195 6.85%
    $600k-1MM 50 $36,870,000 $737,400 $8,917 6.40%
    $1MM+ 20 $26,110,000 $1,305,500 $12,215 6.11%
    $100,000 or less 17 $1,455,000 $85,588 $4,215 7.25%

    2024 saw Texas Mortgage Lending place emphasis on $200k-400k loans with 233 originations, totaling $68,365,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 142 $59,220,000 $417,042 $7,071 6.71%
    $100k-150k 124 $40,090,000 $323,306 $7,181 6.61%
    $75k-100k 80 $19,240,000 $240,500 $6,093 6.69%
    $250k+ 75 $58,735,000 $783,133 $9,341 6.53%
    $50k-75k 57 $10,725,000 $188,158 $5,557 6.73%
    $50k or less 12 $1,480,000 $123,333 $5,385 6.88%

    Texas Mortgage Lending lent most frequently to those with incomes in the $150k-250k range, with 142 originations. The second most popular income band? $100k-150k, with 124 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 89 $32,025,000 $359,831 $6,393 6.63%
    20-30% 71 $28,865,000 $406,549 $6,808 6.68%
    49% 31 $10,705,000 $345,323 $7,721 6.48%
    42% 30 $12,190,000 $406,333 $6,514 6.69%
    41% 30 $10,490,000 $349,667 $6,421 6.77%
    36% 25 $8,665,000 $346,600 $6,589 6.80%
    43% 25 $9,335,000 $373,400 $7,024 6.75%
    44% 24 $8,660,000 $360,833 $7,173 6.66%
    47% 22 $7,460,000 $339,091 $7,589 6.71%
    40% 17 $6,185,000 $363,824 $6,213 6.82%
    39% 17 $9,795,000 $576,176 $7,741 6.48%
    46% 17 $6,315,000 $371,471 $6,816 6.77%
    45% 16 $6,450,000 $403,125 $7,472 6.87%
    50-60% 16 $7,730,000 $483,125 $11,379 6.01%
    48% 16 $6,100,000 $381,250 $7,283 6.79%
    <20% 15 $5,725,000 $381,667 $5,480 6.65%
    37% 14 $5,640,000 $402,857 $7,552 6.60%
    38% 13 $6,545,000 $503,462 $9,648 6.60%
    >60% 2 $610,000 $305,000 $9,236 6.75%

    Texas Mortgage Lending lent most frequently to those with DTI ratios of 30-36%, with 89 originations. The next most common DTI ratio? 20-30%, with 71 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 289 $106,315,000 $367,872 $6,777 6.64%
    Not provided 105 $38,535,000 $367,000 $6,982 6.74%
    Asian 37 $21,185,000 $572,568 $9,013 6.47%
    Black 46 $15,650,000 $340,217 $7,100 6.74%
    Asian Indian 5 $4,305,000 $861,000 $9,419 6.58%
    American Indian 5 $1,645,000 $329,000 $8,103 6.82%
    Native Hawaiian or Islander 1 $1,325,000 $1,325,000 $10,132 6.25%
    Other Asian 2 $530,000 $265,000 $6,068 6.29%

    Approval Rates

    Total approvals of all applications
    85.59%

    Texas Mortgage Lending has an average approval rate.

    Pick Rate

    Approvals leading to origination
    41.43%

    Texas Mortgage Lending 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 490 $189,490,000 $386,714

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    490 $189,490,000 $386,714

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 33 $5,615,000 $170,152 $4,795 6.74%
    40-60% 72 $16,660,000 $231,389 $5,619 6.76%
    60-80% 129 $51,205,000 $396,938 $6,964 6.72%
    80-100% 253 $115,685,000 $457,253 $7,871 6.59%
    Under 20% 3 $325,000 $108,333 $3,244 6.91%