Ark-la-tex Financial Services Llc

PLANO, TX 75024

LEI: 5493001GDRY0EL7VG372

Tax ID: 75-2838184

2019 Data | 2018 Data


Overview

Ark-la-tex Financial Services Llc is a small mortgage company specializing in Home Purchase and Refi loans. Ark-la-tex Financial Services Llc 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, Anaheim, and San Diego among others. They have an average approval rate for mortages when compared nationally -- and they have a below average pick rate when compared to the same sample of other lendors. Ark-la-tex Financial Services Llc is typically a low fee medium-low fee lendor.


Originations

15,900

Origination Dollar Volume (All Markets)

$4,037,480,000

Product Mix

Loan Type Originations Total Value Average Loan
Conventional 9,142 $2,426,000,000 $265,369
FHA 3,553 $755,205,000 $212,554
VA 2,785 $791,935,000 $284,357
USDA 420 $64,340,000 $153,190

Conventional loans are assumed to be 20% downpayment and either fixed/adjustable rate. FHA loans start at 3.5% downpayment and are targeted towards first time homebuyers who will be owner-occupants. USDA loans target agrarian uses such as farms. VA loans are available to members of the military. FHA, USDA and VA loans are typically subsidized by the government so as to have more favorable terms for the borrower.

Loan Reason

Loan Reason Originations Total Value Average Loan
Home Purchase 12,302 $2,912,160,000 $236,722
Home Improvement 85 $26,265,000 $309,000
Refi 2,709 $873,565,000 $322,468
Cash Out Refi 804 $225,490,000 $280,460

Home purchase and refinance loans are typically offered by even the most prudent banks. Cash out refi loans typically carry higher fees-- they allow homeowners to get loans against the equity (appreciated value) of their home, but can be used irresponsibly. Lendors with a high ratio of cash out refi loans may be exposed in the event of an economic downturn, and may be more aggressive with their fee schedules.

Top Markets

Market Originations Total Value Average Loan
HOUSTON-THE WOODLANDS-SUGAR LAND, TX 1,777 $431,555,000 $242,856
Outside of Metro Areas 1,496 $286,150,000 $191,277
DALLAS-PLANO-IRVING, TX 788 $234,040,000 $297,005
AUSTIN-ROUND ROCK-GEORGETOWN, TX 660 $194,140,000 $294,152
ANAHEIM-SANTA ANA-IRVINE, CA 320 $176,490,000 $551,531
SAN DIEGO-CHULA VISTA-CARLSBAD, CA 318 $161,990,000 $509,403
LEXINGTON-FAYETTE, KY 675 $142,655,000 $211,341
COLORADO SPRINGS, CO 426 $128,440,000 $301,502
SAN ANTONIO-NEW BRAUNFELS, TX 478 $120,380,000 $251,841
LOS ANGELES-LONG BEACH-GLENDALE, CA 260 $119,540,000 $459,769
MIDLAND, TX 355 $103,065,000 $290,324
OMAHA-COUNCIL BLUFFS, NE-IA 528 $102,970,000 $195,019
FORT WORTH-ARLINGTON-GRAPEVINE, TX 343 $84,655,000 $246,808
GRAND RAPIDS-KENTWOOD, MI 408 $83,580,000 $204,853
LUBBOCK, TX 401 $80,225,000 $200,062
CHARLESTON-NORTH CHARLESTON, SC 272 $75,990,000 $279,375
LOUISVILLE/JEFFERSON COUNTY, KY-IN 288 $61,420,000 $213,264
SPARTANBURG, SC 403 $60,555,000 $150,261
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA 177 $60,485,000 $341,723
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA 239 $59,245,000 $247,887
COLUMBUS, GA-AL 286 $57,760,000 $201,958
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV 147 $57,335,000 $390,034
RALEIGH-CARY, NC 213 $56,725,000 $266,315
NEW BRUNSWICK-LAKEWOOD, NJ 165 $50,885,000 $308,394
SCRANTON--WILKES-BARRE, PA 331 $49,235,000 $148,746
KINGSPORT-BRISTOL, TN-VA 221 $38,315,000 $173,371
FRESNO, CA 125 $34,865,000 $278,920
NAPA, CA 69 $33,405,000 $484,130
TOLEDO, OH 215 $32,515,000 $151,233
SAN JOSE-SUNNYVALE-SANTA CLARA, CA 48 $29,070,000 $605,625
GREENSBORO-HIGH POINT, NC 134 $27,810,000 $207,537
BALTIMORE-COLUMBIA-TOWSON, MD 101 $27,435,000 $271,634
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN 89 $26,795,000 $301,067
HOT SPRINGS, AR 158 $25,600,000 $162,025
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR 133 $25,185,000 $189,361
ODESSA, TX 105 $23,675,000 $225,476
NEWARK, NJ-PA 93 $22,325,000 $240,054
GREENVILLE-ANDERSON, SC 125 $21,935,000 $175,480
BOISE CITY, ID 80 $21,480,000 $268,500
OXNARD-THOUSAND OAKS-VENTURA, CA 50 $21,390,000 $427,800
BISMARCK, ND 92 $20,420,000 $221,957
JOHNSON CITY, TN 104 $20,300,000 $195,192
EL CENTRO, CA 81 $18,405,000 $227,222
OAKLAND-BERKELEY-LIVERMORE, CA 32 $17,600,000 $550,000
CHICAGO-NAPERVILLE-EVANSTON, IL 65 $17,585,000 $270,538
DENVER-AURORA-LAKEWOOD, CO 40 $17,250,000 $431,250
ST. LOUIS, MO-IL 83 $14,305,000 $172,349
BIRMINGHAM-HOOVER, AL 65 $13,975,000 $215,000
WICHITA, KS 80 $13,600,000 $170,000
KILLEEN-TEMPLE, TX 63 $12,865,000 $204,206
AUBURN-OPELIKA, AL 55 $11,925,000 $216,818
PHOENIX-MESA-CHANDLER, AZ 42 $11,230,000 $267,381
MONTGOMERY COUNTY-BUCKS COUNTY-CHESTER COUNTY, PA 31 $10,175,000 $328,226
GRAND FORKS, ND-MN 39 $9,505,000 $243,718
ORLANDO-KISSIMMEE-SANFORD, FL 34 $9,020,000 $265,294
TRENTON-PRINCETON, NJ 35 $8,965,000 $256,143
SACRAMENTO-ROSEVILLE-FOLSOM, CA 26 $8,800,000 $338,462
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA 12 $8,800,000 $733,333
FARGO, ND-MN 41 $8,295,000 $202,317
TAMPA-ST. PETERSBURG-CLEARWATER, FL 31 $8,105,000 $261,452
SALISBURY, MD-DE 28 $7,780,000 $277,857
BURLINGTON-SOUTH BURLINGTON, VT 29 $7,575,000 $261,207
JACKSONVILLE, FL 23 $7,275,000 $316,304
WACO, TX 28 $6,900,000 $246,429
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI 25 $6,135,000 $245,400
BAKERSFIELD, CA 27 $6,075,000 $225,000
WINSTON-SALEM, NC 33 $5,915,000 $179,242
MIAMI-MIAMI BEACH-KENDALL, FL 19 $5,595,000 $294,474
CHARLOTTE-CONCORD-GASTONIA, NC-SC 19 $5,455,000 $287,105
DURHAM-CHAPEL HILL, NC 22 $5,160,000 $234,545
MUSKEGON, MI 34 $5,050,000 $148,529
KALAMAZOO-PORTAGE, MI 23 $4,705,000 $204,565
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL 23 $4,625,000 $201,087
COLUMBIA, SC 17 $4,595,000 $270,294
SEATTLE-BELLEVUE-KENT, WA 10 $4,400,000 $440,000
MCALLEN-EDINBURG-MISSION, TX 23 $4,385,000 $190,652
VALLEJO, CA 15 $4,325,000 $288,333
ATLANTIC CITY-HAMMONTON, NJ 20 $4,270,000 $213,500
CLEVELAND-ELYRIA, OH 22 $4,260,000 $193,636
SAN RAFAEL, CA 6 $4,250,000 $708,333
NEW YORK-JERSEY CITY-WHITE PLAINS, NY-NJ 10 $4,170,000 $417,000
OCEAN CITY, NJ 17 $4,165,000 $245,000
KNOXVILLE, TN 18 $4,160,000 $231,111
CAMBRIDGE-NEWTON-FRAMINGHAM, MA 15 $4,115,000 $274,333
OKLAHOMA CITY, OK 16 $3,990,000 $249,375
RICHMOND, VA 14 $3,940,000 $281,429
PALM BAY-MELBOURNE-TITUSVILLE, FL 14 $3,870,000 $276,429
NORTH PORT-SARASOTA-BRADENTON, FL 14 $3,710,000 $265,000
CAMDEN, NJ 15 $3,695,000 $246,333
MONROE, MI 18 $3,470,000 $192,778
WARREN-TROY-FARMINGTON HILLS, MI 16 $3,420,000 $213,750
MADERA, CA 12 $3,400,000 $283,333
CAPE CORAL-FORT MYERS, FL 15 $3,385,000 $225,667
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL 12 $3,380,000 $281,667
MORRISTOWN, TN 13 $3,355,000 $258,077
LAKE COUNTY-KENOSHA COUNTY, IL-WI 15 $3,335,000 $222,333
FREDERICK-GAITHERSBURG-ROCKVILLE, MD 11 $3,325,000 $302,273
SIOUX FALLS, SD 10 $3,320,000 $332,000
HILTON HEAD ISLAND-BLUFFTON, SC 12 $3,280,000 $273,333
PORTLAND-VANCOUVER-HILLSBORO, OR-WA 10 $3,010,000 $301,000
FAYETTEVILLE, NC 15 $2,955,000 $197,000
TACOMA-LAKEWOOD, WA 7 $2,945,000 $420,714
NAPLES-MARCO ISLAND, FL 9 $2,885,000 $320,556
LANSING-EAST LANSING, MI 13 $2,855,000 $219,615
ELGIN, IL 11 $2,845,000 $258,636
NEW HAVEN-MILFORD, CT 16 $2,690,000 $168,125
BOSTON, MA 7 $2,685,000 $383,571
STAUNTON, VA 13 $2,625,000 $201,923
WINCHESTER, VA-WV 13 $2,585,000 $198,846
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ 13 $2,535,000 $195,000
CINCINNATI, OH-KY-IN 15 $2,535,000 $169,000
PHILADELPHIA, PA 11 $2,525,000 $229,545
FORT LAUDERDALE-POMPANO BEACH-SUNRISE, FL 9 $2,505,000 $278,333
SHERMAN-DENISON, TX 11 $2,485,000 $225,909
PENSACOLA-FERRY PASS-BRENT, FL 7 $2,385,000 $340,714
MILWAUKEE-WAUKESHA, WI 9 $2,325,000 $258,333
PUEBLO, CO 11 $2,225,000 $202,273
SAN ANGELO, TX 14 $2,210,000 $157,857
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT 13 $2,195,000 $168,846
LINCOLN, NE 11 $2,135,000 $194,091
STOCKTON, CA 7 $2,095,000 $299,286
SAVANNAH, GA 7 $2,065,000 $295,000
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC 8 $2,040,000 $255,000
SAN LUIS OBISPO-PASO ROBLES, CA 4 $1,980,000 $495,000
KANSAS CITY, MO-KS 9 $1,955,000 $217,222
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL 7 $1,935,000 $276,429
LAKELAND-WINTER HAVEN, FL 8 $1,860,000 $232,500
SANTA MARIA-SANTA BARBARA, CA 4 $1,820,000 $455,000
VISALIA, CA 8 $1,780,000 $222,500
CHATTANOOGA, TN-GA 6 $1,770,000 $295,000
AKRON, OH 11 $1,715,000 $155,909
CLARKSVILLE, TN-KY 9 $1,575,000 $175,000
SALINAS, CA 3 $1,475,000 $491,667
WORCESTER, MA-CT 6 $1,390,000 $231,667
CORPUS CHRISTI, TX 6 $1,380,000 $230,000
EL PASO, TX 7 $1,345,000 $192,143
FLINT, MI 7 $1,345,000 $192,143
SANTA ROSA-PETALUMA, CA 4 $1,330,000 $332,500
PITTSBURGH, PA 5 $1,325,000 $265,000
BRIDGEPORT-STAMFORD-NORWALK, CT 5 $1,305,000 $261,000
TUSCALOOSA, AL 2 $1,250,000 $625,000
INDIANAPOLIS-CARMEL-ANDERSON, IN 7 $1,235,000 $176,429
BURLINGTON, NC 7 $1,225,000 $175,000
GREELEY, CO 4 $1,220,000 $305,000
AUGUSTA-RICHMOND COUNTY, GA-SC 7 $1,205,000 $172,143
COLUMBUS, OH 6 $1,170,000 $195,000
WILMINGTON, NC 5 $1,145,000 $229,000
WILMINGTON, DE-MD-NJ 5 $1,065,000 $213,000
DAPHNE-FAIRHOPE-FOLEY, AL 3 $1,025,000 $341,667
BATTLE CREEK, MI 3 $1,005,000 $335,000
COLLEGE STATION-BRYAN, TX 5 $995,000 $199,000
TUCSON, AZ 4 $970,000 $242,500
NASSAU COUNTY-SUFFOLK COUNTY, NY 3 $965,000 $321,667
SAGINAW, MI 2 $950,000 $475,000
NILES, MI 4 $950,000 $237,500
TALLAHASSEE, FL 3 $935,000 $311,667
PROVIDENCE-WARWICK, RI-MA 4 $890,000 $222,500
HAGERSTOWN-MARTINSBURG, MD-WV 4 $880,000 $220,000
WICHITA FALLS, TX 5 $865,000 $173,000
SANTA CRUZ-WATSONVILLE, CA 1 $855,000 $855,000
MODESTO, CA 3 $835,000 $278,333
SANTA FE, NM 2 $830,000 $415,000
HARRISBURG-CARLISLE, PA 4 $820,000 $205,000
HARRISONBURG, VA 4 $800,000 $200,000
BLOOMSBURG-BERWICK, PA 6 $790,000 $131,667
PUNTA GORDA, FL 4 $780,000 $195,000
GARY, IN 3 $775,000 $258,333
RACINE, WI 5 $775,000 $155,000
BEAUMONT-PORT ARTHUR, TX 3 $765,000 $255,000
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC 4 $760,000 $190,000
FORT COLLINS, CO 3 $725,000 $241,667
PORT ST. LUCIE, FL 4 $720,000 $180,000
ELIZABETHTOWN-FORT KNOX, KY 3 $705,000 $235,000
ABILENE, TX 4 $690,000 $172,500
FORT WAYNE, IN 2 $670,000 $335,000
HUNTINGTON-ASHLAND, WV-KY-OH 2 $660,000 $330,000
MACON-BIBB COUNTY, GA 3 $655,000 $218,333
MEDFORD, OR 1 $635,000 $635,000
WARNER ROBINS, GA 4 $610,000 $152,500
BATON ROUGE, LA 4 $610,000 $152,500
CANTON-MASSILLON, OH 2 $600,000 $300,000
DETROIT-DEARBORN-LIVONIA, MI 4 $590,000 $147,500
NEW ORLEANS-METAIRIE, LA 2 $590,000 $295,000
TYLER, TX 3 $585,000 $195,000
SUMTER, SC 3 $585,000 $195,000
OCALA, FL 3 $575,000 $191,667
LAKE HAVASU CITY-KINGMAN, AZ 3 $565,000 $188,333
AMARILLO, TX 2 $550,000 $275,000
EUGENE-SPRINGFIELD, OR 2 $530,000 $265,000
BROWNSVILLE-HARLINGEN, TX 2 $530,000 $265,000
SOUTH BEND-MISHAWAKA, IN-MI 3 $485,000 $161,667
GRAND JUNCTION, CO 2 $480,000 $240,000
ANN ARBOR, MI 2 $460,000 $230,000
LYNCHBURG, VA 1 $455,000 $455,000
FLORENCE, SC 2 $450,000 $225,000
SYRACUSE, NY 1 $445,000 $445,000
MEMPHIS, TN-MS-AR 2 $440,000 $220,000
ELKHART-GOSHEN, IN 2 $440,000 $220,000
GREENVILLE, NC 2 $430,000 $215,000
EAST STROUDSBURG, PA 2 $420,000 $210,000
MANHATTAN, KS 1 $415,000 $415,000
CHARLOTTESVILLE, VA 1 $405,000 $405,000
TERRE HAUTE, IN 2 $400,000 $200,000
ROANOKE, VA 2 $400,000 $200,000
SALEM, OR 2 $390,000 $195,000
LONGVIEW, TX 3 $365,000 $121,667
YUBA CITY, CA 1 $355,000 $355,000
MERCED, CA 2 $340,000 $170,000
GAINESVILLE, GA 1 $325,000 $325,000
MONTGOMERY, AL 2 $320,000 $160,000
DECATUR, AL 2 $310,000 $155,000
GAINESVILLE, FL 1 $305,000 $305,000
ROCKY MOUNT, NC 1 $305,000 $305,000
DES MOINES-WEST DES MOINES, IA 1 $305,000 $305,000
ATHENS-CLARKE COUNTY, GA 2 $300,000 $150,000
BLACKSBURG-CHRISTIANSBURG, VA 1 $295,000 $295,000
FAYETTEVILLE-SPRINGDALE-ROGERS, AR 2 $290,000 $145,000
HANFORD-CORCORAN, CA 1 $285,000 $285,000
HUNTSVILLE, AL 2 $280,000 $140,000
LANCASTER, PA 1 $275,000 $275,000
JACKSON, TN 1 $275,000 $275,000
YORK-HANOVER, PA 2 $270,000 $135,000
THE VILLAGES, FL 1 $265,000 $265,000
JONESBORO, AR 1 $265,000 $265,000
BARNSTABLE TOWN, MA 1 $255,000 $255,000
PANAMA CITY, FL 1 $255,000 $255,000
ALBUQUERQUE, NM 1 $245,000 $245,000
HOMOSASSA SPRINGS, FL 1 $245,000 $245,000
ALBANY, GA 1 $235,000 $235,000
GETTYSBURG, PA 1 $235,000 $235,000
TULSA, OK 1 $225,000 $225,000
NORWICH-NEW LONDON, CT 1 $215,000 $215,000
CHAMBERSBURG-WAYNESBORO, PA 1 $215,000 $215,000
GOLDSBORO, NC 1 $205,000 $205,000
DOVER, DE 1 $205,000 $205,000
VICTORIA, TX 1 $195,000 $195,000
CALIFORNIA-LEXINGTON PARK, MD 1 $195,000 $195,000
LAFAYETTE-WEST LAFAYETTE, IN 1 $185,000 $185,000
LAFAYETTE, LA 1 $185,000 $185,000
SHREVEPORT-BOSSIER CITY, LA 1 $185,000 $185,000
FLAGSTAFF, AZ 1 $185,000 $185,000
PRESCOTT VALLEY-PRESCOTT, AZ 1 $175,000 $175,000
DULUTH, MN-WI 1 $175,000 $175,000
HICKORY-LENOIR-MORGANTON, NC 1 $165,000 $165,000
NEW BERN, NC 1 $155,000 $155,000
ALTOONA, PA 1 $155,000 $155,000
EVANSVILLE, IN-KY 1 $145,000 $145,000
TEXARKANA, TX-AR 1 $145,000 $145,000
MIDLAND, MI 1 $145,000 $145,000
SPRINGFIELD, MO 1 $145,000 $145,000
JACKSON, MI 1 $145,000 $145,000
JACKSONVILLE, NC 1 $125,000 $125,000
ST. JOSEPH, MO-KS 2 $120,000 $60,000
TWIN FALLS, ID 1 $115,000 $115,000
GRAND ISLAND, NE 1 $105,000 $105,000
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA 1 $105,000 $105,000
PINE BLUFF, AR 1 $65,000 $65,000

Lendors vary in competitiveness at the per market level-- meaning they may have better terms, deals or promotions based on the mortgaged property's location.

Interest Rate & Spreads

Loan Rate Originations Total Value Average Loan
<2.5% 180 $1,080,000 $6,000
2.5-3% 123 $37,195,000 $302,398
3-4% 6,255 $1,785,055,000 $285,380
4-5% 7,537 $1,863,215,000 $247,209
5-6% 1,727 $334,915,000 $193,929
6-7% 67 $12,765,000 $190,522
7-8% 9 $2,845,000 $316,111
Over 8% 2 $410,000 $205,000

Loan Sizing

Loan Size Originations Total Value Average Loan
$100,000 or less 1,241 $73,795,000 $59,464
$100k-200k 5,102 $797,780,000 $156,366
$200k-400k 7,510 $2,057,950,000 $274,028
$400k-600k 1,541 $724,155,000 $469,925
$600k-1000k 453 $319,405,000 $705,088
$Over $1MM 53 $64,395,000 $1,215,000

Different banks have different objectives. Some banks focus solely on high net worth individuals. Others focus on FHA loans for lower income applicants. Knowing what a bank specializes in allows better optimization given the applicant's financial situation.

LTV Distribution

Loan to Value Originations Total Value Average Loan
20-40% 228 $48,010,000 $210,570
40-60% 750 $206,700,000 $275,600
60-80% 3,237 $958,335,000 $296,057
80-100% 10,603 $2,608,275,000 $245,994
Over 100% 688 $195,110,000 $283,590
Under 20% 344 $6,840,000 $19,884

LTV, or loan-to-value, is the amount loaned relative to a home's value. Lower LTV lending implies a larger downpayment-- reducing risk to the lendor. FHA loans will nearly always have a higher LTV due to the lower downpayment requirements. Higher LTVs may also mean a bank is charging higher fees or interest rates to compensate for their risk exposure.

Applicant Income

Applicant Income Originations Total Value Average Loan
$100k-150k 3,233 $962,565,000 $297,731
$150k-250k 1,796 $685,980,000 $381,949
$50k-75k 4,148 $807,990,000 $194,790
$50k-or less 2,960 $494,470,000 $167,051
$75k-100k 3,018 $744,720,000 $246,759
$Over $250k 688 $325,340,000 $472,878

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan
White 11,787 $2,946,845,000 $250,008
Not provided 2,330 $642,150,000 $275,601
Black 1,124 $262,040,000 $233,132
Asian 500 $147,180,000 $294,360
American Indian 126 $28,270,000 $224,365
Native Hawaiian 25 $8,055,000 $322,200
Asian Indian 4 $1,700,000 $425,000
Other Asian 2 $640,000 $320,000
Filipino 1 $425,000 $425,000
Korean 1 $175,000 $175,000

Approval Rates

Total approvals of all applications
89.29%

A high approval rate means banks are more selective in who they market to or that they are loosey-goosey with who they lend to. Low approval rates may mean a lendor is more stringent in their lending standards.

Pick Rate

Approvals leading to origination
81.68%

A bank's pick rate is how often they are chosen by an applicant once approved. A high pick rate typically means the bank has some sort of advantage-- either the best terms (rates/fees), fastest closing time or even the best customer service. Banks with <75% pick rate may need further investigation as to why they are not more competitive.

Points and Fees

Points Originations Total Value Average Loan
0.0 16 $110,000 $6,875
NA 15,884 $4,037,370,000 $254,178

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 7,715 $1,800,315,000 $233,353
$1k-2k 3,762 $1,014,330,000 $269,625
$2k-3k 1,672 $388,180,000 $232,165
$3k-4k 1,503 $421,495,000 $280,436
$5k+ 665 $289,915,000 $435,962

Banks make money on their float/interest spread (fees charged to borrowers vs fees they pay for their capital), for servicing loans, as well as charging origination fees when a loan is disbursed. Modern low-cost efficient lendors can have fees totaling less than $500 for many mortgages-- as low as $250 in some cases. Average lendors will be in the $1k-2k range and high cost lendors will be even more. The costs incurred by the bank will be similar no matter the loan amount, so this is to be viewed as a profit center for most banks.

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
Single Family (1-4 Units):Manufactured 30 $4,630,000 $154,333
Single Family (1-4 Units):Site-Built 15,870 $4,032,850,000 $254,118