Aaxy Mortgage Rates, Fees & Info

AUSTIN, TX

LEI: 5493001SBOA8GKVW1N27

Tax ID: 20-0262652

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

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • 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

    Aaxy is a smaller mortgage company specializing in Refi loans. Aaxy has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets by origination volume include: Austin, Houston, Dallas, San Antonio, and College Station among others. We have data for 9 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 an above average pick rate when compared to similar lenders. Aaxy 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 6.01% 4/18/24
    30 Year Conventional Refi 5.94% 4/18/24
    30 Year Cash-out Refi 6.26% 4/18/24
    15 Year Conventional Purchase 5.31% 4/18/24
    15 Year Conventional Refi 5.56% 4/18/24
    15 Year Cash-out Refi 5.56% 4/18/24
    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

    1,723

    Origination Dollar Volume (All Markets)

    $530,505,000
    Show all (9) awards

    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) 1,107 $346,185,000 $312,724 $3,396 2.79%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 300 $86,440,000 $288,133 $3,368 2.76%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 233 $75,555,000 $324,270 $3,319 2.77%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 71 $19,185,000 $270,211 $3,389 2.84%
    COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 6 $1,360,000 $226,667 $3,194 2.85%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 3 $1,225,000 $408,333 $3,237 2.88%
    WACO, TX (FHA|USDA|VA) 1 $225,000 $225,000 $2,881 2.63%
    MIDLAND, TX (FHA|USDA|VA) 1 $195,000 $195,000 $2,661 3.50%
    KILLEEN-TEMPLE, TX (FHA|USDA|VA) 1 $135,000 $135,000 $3,483 2.75%
    Aaxy's top markets include Austin, Houston, Dallas, San Antonio, and College Station among others.

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

    United Heritage Credit Union
    Similarity Rank: 657
    CADENCE LENDING GROUP, INC.
    Similarity Rank: 1480
    MEMBERS CHOICE Credit Union
    Similarity Rank: 1824
    AAXY L.L.C.
    Similarity Rank: 1836
    Shea Mortgage Inc.
    Similarity Rank: 1848
    TEXAS TRUST
    Similarity Rank: 1885
    ASSOCIATED CREDIT UNION OF TEXAS
    Similarity Rank: 1895
    DATCU
    Similarity Rank: 1900
    PRIMEWAY
    Similarity Rank: 2088
    HOMEWAY MORTGAGE LLC
    Similarity Rank: 2142

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,719 $529,205,000 $307,856 $3,378 2.78%
    FHA 2 $670,000 $335,000 $3,070 2.94%
    VA 1 $195,000 $195,000 $2,738 2.63%
    USDA 1 $435,000 $435,000 $5,273 3.25%

    For 2020, Aaxy's most frequently originated type of loan was Conventional, with 1,719 originations. Their 2nd most popular type was FHA, with 2 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 1,313 $408,525,000 $311,139 $3,110 2.75%
    Home Purchase 284 $81,980,000 $288,662 $4,215 2.86%
    Cash Out Refi 125 $39,635,000 $317,080 $4,405 2.95%
    Other 1 $365,000 $365,000 $3,640 2.75%

    For 2020, Aaxy's most frequently cited loan purpose was Refi, with 1,313 originations. The 2nd most popular reason was Home Purchase, with 284 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 959 $302,655,000 $315,594 $3,499 2.95%
    15 Year 611 $178,865,000 $292,741 $3,212 2.56%
    20 Year 112 $36,910,000 $329,554 $3,308 2.71%
    10 Year 30 $8,410,000 $280,333 $3,268 2.50%
    Other 11 $3,665,000 $333,182 $3,425 2.68%

    For 2020, Aaxy's most frequently cited loan duration was 30 Year, with 959 originations. The 2nd most popular length was 15 Year, with 611 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 1,417 $434,495,000 $306,630
    $2k-3k 167 $58,725,000 $351,647
    $<1k 42 $12,040,000 $286,667
    $3k-4k 11 $3,665,000 $333,182
    $4k-5k 5 $1,205,000 $241,000
    $5k+ 4 $1,790,000 $447,500

    Aaxy's average total fees were $3,499, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 1,417 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 847 $264,615,000 $312,414
    <2.5% 541 $175,645,000 $324,667
    3-4% 325 $88,165,000 $271,277
    4-5% 10 $2,080,000 $208,000

    During 2020, Aaxy's average interest rate for loans was 2.95%, while their most frequently originated rate bucket for loans was 2.5-3%, with 847 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 1,217 $361,455,000 $297,005 $3,258 2.75%
    $400k-600k 287 $131,655,000 $458,728 $4,009 2.71%
    $100k-200k 218 $37,300,000 $171,101 $3,189 3.08%
    $100,000 or less 1 $95,000 $95,000 $3,971 4.50%

    2020 saw Aaxy place emphasis on $200k-400k loans with 1,217 originations, totaling $361,455,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 742 $227,630,000 $306,779 $3,269 2.77%
    $150k-250k 655 $207,775,000 $317,214 $3,477 2.80%
    $250k+ 148 $49,490,000 $334,392 $3,885 2.78%
    $75k-100k 128 $35,190,000 $274,922 $3,114 2.76%
    $50k-75k 42 $8,680,000 $206,667 $2,944 2.93%
    $50k or less 7 $1,535,000 $219,286 $3,881 2.96%

    Aaxy lent most frequently to those with incomes in the $100k-150k range, with 742 originations. The second most popular income band? $150k-250k, with 655 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 646 $199,220,000 $308,390 $3,343 2.74%
    30-36% 395 $124,115,000 $314,215 $3,358 2.80%
    <20% 207 $58,205,000 $281,184 $3,276 2.73%
    37% 62 $20,310,000 $327,581 $3,372 2.66%
    36% 57 $18,075,000 $317,105 $3,311 2.77%
    40% 51 $16,595,000 $325,392 $3,596 2.91%
    39% 46 $14,090,000 $306,304 $3,616 2.82%
    38% 45 $14,665,000 $325,889 $3,723 2.81%
    42% 42 $12,010,000 $285,952 $3,649 2.94%
    41% 36 $10,900,000 $302,778 $3,350 3.04%
    45% 30 $9,970,000 $332,333 $3,464 2.85%
    44% 28 $8,400,000 $300,000 $3,290 2.95%
    43% 26 $7,490,000 $288,077 $3,566 2.97%
    47% 17 $5,635,000 $331,471 $3,284 2.93%
    46% 12 $4,240,000 $353,333 $3,710 2.92%
    48% 11 $3,155,000 $286,818 $3,505 2.92%
    50-60% 7 $2,225,000 $317,857 $3,737 2.91%
    >60% 2 $360,000 $180,000 $4,122 3.13%
    49% 1 $325,000 $325,000 $2,659 2.50%

    Aaxy lent most frequently to those with DTI ratios of 20-30%, with 646 originations. The next most common DTI ratio? 30-36%, with 395 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Asian 1,497 $463,435,000 $309,576 $3,367 2.78%
    White 114 $35,590,000 $312,193 $3,555 2.82%
    Not provided 72 $20,010,000 $277,917 $3,344 2.77%
    Asian Indian 16 $4,940,000 $308,750 $3,471 2.70%
    Black 11 $3,005,000 $273,182 $3,589 2.97%
    Other Asian 3 $1,055,000 $351,667 $3,617 2.63%
    Chinese 3 $1,025,000 $341,667 $3,135 2.42%
    American Indian 5 $975,000 $195,000 $2,734 2.93%
    Other Pacific Islander 1 $245,000 $245,000 $3,047 2.63%
    Vietnamese 1 $225,000 $225,000 $2,356 2.88%

    Approval Rates

    Total approvals of all applications
    98.38%

    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
    98.03%

    Aaxy has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,723 $530,505,000 $307,896

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 1,723 $530,505,000 $307,896

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 59 $14,665,000 $248,559 $3,430 2.64%
    40-60% 361 $104,845,000 $290,429 $3,265 2.68%
    60-80% 1,070 $332,380,000 $310,636 $3,377 2.83%
    80-100% 233 $78,615,000 $337,403 $3,547 2.77%