Aaxy Mortgage Rates, Fees & Info

AUSTIN, TX

LEI: 5493001SBOA8GKVW1N27

Tax ID: 20-0262652

5 stars - Updated: 4/14/24 - out of 5 stars, based on 12 reviews

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

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Mortgage Data

Review & Overview

Aaxy is a smaller mortgage company specializing in Home Purchase loans. Aaxy has a high proportion of conventional loans. Their top markets by origination volume include: Austin, Houston, Dallas, San Antonio, and College Station among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)

Aaxy 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. Aaxy 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 relatively high 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 6.01% 4/14/24
30 Year Conventional Refi 5.94% 4/14/24
30 Year Cash-out Refi 6.26% 4/14/24
15 Year Conventional Purchase 5.31% 4/14/24
15 Year Conventional Refi 5.56% 4/14/24
15 Year Cash-out Refi 5.56% 4/14/24
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.

Aaxy Mortgage Calculator






Your Estimates

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

This is not an official calculator from Aaxy. 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

150

Origination Dollar Volume (All Markets)

$56,840,000
Show all (6) awards

Relative Rate

Aaxy's average 30 year fixed mortgage rate was 6.37%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of -0.11%.

Relative Fees (Closing Costs)

Aaxy's average total fees/closing costs for a 30 year fixed rate mortgage were $5,736.

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 $9,089.

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
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 78 $30,640,000 $392,821 $5,843 6.25%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 23 $9,285,000 $403,696 $5,674 6.25%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 18 $7,550,000 $419,444 $5,564 6.48%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 20 $6,140,000 $307,000 $5,478 6.14%
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 6 $1,590,000 $265,000 $4,569 5.69%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 3 $785,000 $261,667 $4,881 6.29%
Fredericksburg, TX (FHA|USDA|VA) 1 $525,000 $525,000 $6,148 7.50%
ALBUQUERQUE, NM (FHA|USDA|VA) 1 $325,000 $325,000 $4,222 6.13%
Aaxy's top markets include Austin, Houston, Dallas, San Antonio, and College Station among others.

Their top states include:
  • Texas (FHA|USDA|VA)
  • New Mexico (FHA|USDA|VA)
  • Similar Lenders

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

    HOMEAMERICAN MORTGAGE CORPORATION
    Similarity Rank: 220
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    SOUTHERN LENDING SERVICES, LTD.
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    COMMUNITY RESOURCE CREDIT UNION
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    DATCU
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    PRIMEWAY
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    HOMEWAY MORTGAGE LLC
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 149 $56,355,000 $378,221 $5,618 6.25%
    VA 1 $485,000 $485,000 $10,245 6.13%

    For 2023, Aaxy's most frequently originated type of loan was Conventional, with 149 originations. Their 2nd most popular type was VA, with 1 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 130 $50,730,000 $390,231 $5,900 6.22%
    Refi 12 $3,720,000 $310,000 $3,470 6.34%
    Cash Out Refi 8 $2,390,000 $298,750 $5,005 6.52%

    For 2023, Aaxy's most frequently cited loan purpose was Home Purchase, with 130 originations. The 2nd most popular reason was Refi, with 12 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 130 $49,800,000 $383,077 $5,736 6.37%
    15 Year 20 $7,040,000 $352,000 $5,109 5.49%

    For 2023, Aaxy's most frequently cited loan duration was 30 Year, with 130 originations. The 2nd most popular length was 15 Year, with 20 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 108 $41,250,000 $381,944
    $2k-3k 22 $8,880,000 $403,636
    $3k-4k 6 $1,980,000 $330,000
    $<1k 4 $1,500,000 $375,000
    $5k+ 2 $760,000 $380,000
    $4k-5k 1 $305,000 $305,000

    Aaxy's average total fees were $5,736, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 108 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 79 $28,505,000 $360,823
    5-6% 56 $23,160,000 $413,571
    7-8% 11 $3,975,000 $361,364
    4-5% 4 $1,200,000 $300,000

    During 2023, Aaxy's average interest rate for loans was 6.37%, while their most frequently originated rate bucket for loans was 6-7%, with 79 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 84 $24,680,000 $293,810 $5,059 6.24%
    $400k-600k 35 $17,255,000 $493,000 $6,694 6.31%
    $600k-1MM 17 $11,495,000 $676,176 $7,262 6.15%
    $100k-200k 13 $2,215,000 $170,385 $3,976 6.24%
    $1MM+ 1 $1,195,000 $1,195,000 $10,096 6.88%

    2023 saw Aaxy place emphasis on $200k-400k loans with 84 originations, totaling $24,680,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 63 $23,825,000 $378,175 $5,715 6.16%
    $250k+ 41 $17,375,000 $423,780 $5,771 6.42%
    $100k-150k 36 $12,730,000 $353,611 $5,605 6.28%
    $75k-100k 7 $2,105,000 $300,714 $5,079 6.14%
    $50k-75k 2 $500,000 $250,000 $4,066 5.94%
    $50k or less 1 $305,000 $305,000 $5,800 5.50%

    Aaxy lent most frequently to those with incomes in the $150k-250k range, with 63 originations. The second most popular income band? $250k+, with 41 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 31 $12,645,000 $407,903 $5,941 6.19%
    20-30% 23 $7,845,000 $341,087 $5,311 6.01%
    43% 9 $3,715,000 $412,778 $5,759 6.47%
    45% 9 $3,015,000 $335,000 $5,574 6.35%
    <20% 8 $2,670,000 $333,750 $4,843 5.48%
    41% 8 $2,980,000 $372,500 $5,572 6.26%
    46% 8 $3,550,000 $443,750 $5,349 6.27%
    40% 7 $2,845,000 $406,429 $5,849 6.41%
    44% 7 $2,615,000 $373,571 $5,442 5.96%
    39% 7 $2,215,000 $316,429 $5,542 6.29%
    42% 6 $1,340,000 $223,333 $4,664 6.92%
    38% 6 $1,990,000 $331,667 $4,908 6.65%
    36% 6 $2,380,000 $396,667 $5,876 6.35%
    47% 5 $2,155,000 $431,000 $6,343 6.13%
    37% 4 $2,240,000 $560,000 $6,931 7.19%
    48% 4 $1,960,000 $490,000 $7,507 6.38%
    49% 2 $680,000 $340,000 $6,558 6.56%

    Aaxy lent most frequently to those with DTI ratios of 30-36%, with 31 originations. The next most common DTI ratio? 20-30%, with 23 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Asian 133 $50,635,000 $380,714 $5,586 6.29%
    White 11 $3,945,000 $358,636 $5,904 5.82%
    Black 2 $940,000 $470,000 $7,418 6.00%
    Asian Indian 2 $770,000 $385,000 $5,120 5.88%
    Not provided 2 $550,000 $275,000 $7,076 6.63%

    Approval Rates

    Total approvals of all applications
    99.41%

    Aaxy has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    88.00%

    Aaxy has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 150 $56,840,000 $378,933

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    150 $56,840,000 $378,933

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 7 $1,805,000 $257,857 $4,544 5.84%
    40-60% 15 $4,865,000 $324,333 $5,194 5.89%
    60-80% 87 $31,145,000 $357,989 $5,397 6.41%
    80-100% 41 $19,025,000 $464,024 $6,505 6.12%