Sfmc Lp Mortgage Rates, Fees & Info

MCKINNEY, TX

LEI: 54930020YWIK7HGH2R34

Tax ID: 75-2700008

1 stars - Updated: 5/20/24 - out of 5 stars, based on 52 reviews

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

Jump to:

Mortgage Data

Review & Overview

Sfmc Lp is a smaller mortgage company specializing in Home Purchase loans. Sfmc Lp has a high proportion of conventional loans. They have a a high proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Dallas, Austin, Houston, San Antonio, and Odessa among others. We have data for 68 markets. (Some data included below & more in-depth data is available with an active subscription.)

Sfmc Lp 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. Sfmc Lp is typically a high 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 6.95% 5/20/24
30 Year Conventional Refi 6.80% 5/20/24
30 Year Cash-out Refi 7.12% 5/20/24
30 Year FHA Purchase 7.78% 5/20/24
30 Year FHA Refi 7.34% 5/20/24
30 Year VA Purchase 6.46% 5/20/24
30 Year VA Refi 6.29% 5/20/24
30 Year USDA Purchase 6.83% 5/20/24
15 Year Conventional Purchase 6.42% 5/20/24
15 Year Conventional Refi 6.55% 5/20/24
15 Year Cash-out Refi 6.55% 5/20/24
15 Year VA Purchase 7.63% 5/20/24
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.

Sfmc Lp Mortgage Calculator






Your Estimates

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

This is not an official calculator from Sfmc Lp. 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

2,656

Origination Dollar Volume (All Markets)

$911,460,000

Awards

SFMC LP USDA Loans silver
Show all (1) awards

Relative Rate

Sfmc Lp's average 30 year fixed mortgage rate was 6.66%.

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

This yields a difference of 0.18%.

Relative Fees (Closing Costs)

Sfmc Lp's average total fees/closing costs for a 30 year fixed rate mortgage were $12,861.

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
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1,687 $608,505,000 $360,702 $13,039 6.66%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 339 $118,065,000 $348,274 $13,503 6.25%
Outside of Metro Areas 73 $19,985,000 $273,767 $10,588 6.94%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 40 $14,030,000 $350,750 $12,499 6.92%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 38 $13,810,000 $363,421 $14,569 6.86%
ODESSA, TX (FHA|USDA|VA) 55 $13,255,000 $241,000 $12,344 6.82%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 29 $12,125,000 $418,103 $13,512 6.90%
MIDLAND, TX (FHA|USDA|VA) 36 $11,640,000 $323,333 $14,050 6.70%
Granbury, TX (FHA|USDA|VA) 36 $11,630,000 $323,056 $13,283 6.89%
LAREDO, TX (FHA|USDA|VA) 46 $10,480,000 $227,826 $10,749 6.31%
SHERMAN-DENISON, TX (FHA|USDA|VA) 38 $10,330,000 $271,842 $11,503 6.94%
RALEIGH-CARY, NC (FHA|USDA|VA) 21 $9,385,000 $446,905 $11,178 7.37%
TYLER, TX (FHA|USDA|VA) 15 $4,315,000 $287,667 $14,346 7.03%
LUBBOCK, TX (FHA|USDA|VA) 13 $3,795,000 $291,923 $14,366 6.92%
Del Rio, TX (FHA|USDA|VA) 15 $3,225,000 $215,000 $10,075 6.64%
Athens, TX (FHA|USDA|VA) 11 $3,095,000 $281,364 $11,910 6.81%
WILMINGTON, NC (FHA|USDA|VA) 5 $2,715,000 $543,000 $15,627 7.12%
WACO, TX (FHA|USDA|VA) 10 $2,660,000 $266,000 $10,614 7.00%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 9 $2,605,000 $289,444 $10,550 7.11%
LONGVIEW, TX (FHA|USDA|VA) 9 $2,425,000 $269,444 $10,403 7.19%
Paris, TX (FHA|USDA|VA) 13 $2,395,000 $184,231 $9,619 6.86%
Bonham, TX (FHA|USDA|VA) 11 $2,365,000 $215,000 $10,587 7.07%
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 7 $2,145,000 $306,429 $11,231 6.89%
Gainesville, TX (FHA|USDA|VA) 9 $2,085,000 $231,667 $9,477 7.37%
Corsicana, TX (FHA|USDA|VA) 9 $1,925,000 $213,889 $9,838 7.00%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 4 $1,780,000 $445,000 $8,506 7.59%
Palestine, TX (FHA|USDA|VA) 4 $1,640,000 $410,000 $10,614 7.22%
OKLAHOMA CITY, OK (FHA|USDA|VA) 6 $1,540,000 $256,667 $8,896 6.39%
Mineral Wells, TX (FHA|USDA|VA) 4 $1,530,000 $382,500 $19,026 7.37%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 7 $1,305,000 $186,429 $6,051 6.66%
COLORADO SPRINGS, CO (FHA|USDA|VA) 3 $1,145,000 $381,667 $12,086 6.29%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 2 $1,030,000 $515,000 $16,349 7.06%
Jacksonville, TX (FHA|USDA|VA) 4 $890,000 $222,500 $12,356 7.00%
Stephenville, TX (FHA|USDA|VA) 4 $870,000 $217,500 $9,287 6.50%
TULSA, OK (FHA|USDA|VA) 2 $670,000 $335,000 $11,644 6.74%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 2 $660,000 $330,000 $14,519 7.12%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $605,000 $605,000 $17,735 6.88%
CORPUS CHRISTI, TX (FHA|USDA|VA) 3 $595,000 $198,333 $8,514 6.95%
WICHITA FALLS, TX (FHA|USDA|VA) 3 $585,000 $195,000 $10,754 6.92%
Arcadia, FL (FHA|USDA|VA) 1 $455,000 $455,000 $25,148 6.75%
ABILENE, TX (FHA|USDA|VA) 2 $450,000 $225,000 $7,943 7.19%
Ardmore, OK (FHA|USDA|VA) 2 $430,000 $215,000 $6,744 6.06%
Alice, TX (FHA|USDA|VA) 1 $355,000 $355,000 $14,437 7.38%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $345,000 $345,000 $9,271 6.50%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $335,000 $335,000 $5,558 7.38%
Mount Pleasant, TX (FHA|USDA|VA) 2 $320,000 $160,000 $11,161 7.00%
Levelland, TX (FHA|USDA|VA) 1 $315,000 $315,000 $18,075 6.99%
Durant, OK (FHA|USDA|VA) 1 $315,000 $315,000 $11,620 6.99%
EL PASO, TX (FHA|USDA|VA) 1 $295,000 $295,000 $13,862 7.13%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 1 $295,000 $295,000 $17,907 6.63%
Huntsville, TX (FHA|USDA|VA) 1 $285,000 $285,000 $16,882 7.50%
PANAMA CITY, FL (FHA|USDA|VA) 1 $285,000 $285,000 $13,938 7.50%
TEXARKANA, TX-AR (FHA|USDA|VA) 1 $275,000 $275,000 $18,125 7.38%
AMARILLO, TX (FHA|USDA|VA) 1 $275,000 $275,000 $14,257 6.25%
Henderson, NC (FHA|USDA|VA) 1 $275,000 $275,000 $12,767 6.13%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $265,000 $265,000 $17,964 8.13%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 1 $245,000 $245,000 $10,620 7.75%
JACKSONVILLE, NC (FHA|USDA|VA) 1 $225,000 $225,000 $8,748 6.50%
SAN ANGELO, TX (FHA|USDA|VA) 1 $215,000 $215,000 $5,150 6.50%
Brownwood, TX (FHA|USDA|VA) 2 $210,000 $105,000 $7,858 7.25%
FORT SMITH, AR-OK (FHA|USDA|VA) 1 $195,000 $195,000 $9,118 5.99%
MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 1 $185,000 $185,000 $7,339 6.62%
Sulphur Springs, TX (FHA|USDA|VA) 1 $175,000 $175,000 $5,826 6.62%
Kingsville, TX (FHA|USDA|VA) 1 $155,000 $155,000 $9,070 7.62%
FAYETTEVILLE, NC (FHA|USDA|VA) 1 $155,000 $155,000 $4,156 7.13%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 1 $155,000 $155,000 $7,707 7.37%
Port Lavaca, TX (FHA|USDA|VA) 1 $75,000 $75,000 $7,866 7.63%
DAYTON-KETTERING, OH (FHA|USDA|VA) 1 $65,000 $65,000 $5,095 7.63%
Sfmc Lp's top markets include Dallas, Austin, Houston, San Antonio, and Odessa among others.

Their top states include:
  • Texas (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Oklahoma (FHA|USDA|VA)
  • Similar Lenders

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

    AMOCO
    Similarity Rank: 258
    SOUTHERN LENDING SERVICES, LTD.
    Similarity Rank: 296
    GIBRALTAR MORTGAGE SERVICES, LLC
    Similarity Rank: 360
    COMMUNITY RESOURCE CREDIT UNION
    Similarity Rank: 714
    LRS FINANCIAL NETWORK, INC.
    Similarity Rank: 756
    CREDIT UNION WEST
    Similarity Rank: 814

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,377 $468,945,000 $340,556 $10,710 6.80%
    FHA 950 $303,630,000 $319,611 $15,499 6.63%
    VA 313 $134,135,000 $428,546 $13,941 6.15%
    USDA 16 $4,750,000 $296,875 $14,198 6.05%

    For 2023, Sfmc Lp's most frequently originated type of loan was Conventional, with 1,377 originations. Their 2nd most popular type was FHA, with 950 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 2,510 $863,970,000 $344,211 $12,897 6.64%
    Refi 83 $29,645,000 $357,169 $11,872 6.91%
    Cash Out Refi 63 $17,845,000 $283,254 $11,206 7.30%

    For 2023, Sfmc Lp's most frequently cited loan purpose was Home Purchase, with 2,510 originations. The 2nd most popular reason was Refi, with 83 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 2,627 $902,715,000 $343,630 $12,861 6.66%
    15 Year 20 $6,180,000 $309,000 $9,844 6.24%
    20 Year 5 $1,635,000 $327,000 $7,906 6.85%
    Other 4 $930,000 $232,500 $10,471 7.37%

    For 2023, Sfmc Lp's most frequently cited loan duration was 30 Year, with 2,627 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
    $5k+ 1,705 $620,785,000 $364,097
    $<1k 346 $120,330,000 $347,775
    $4k-5k 190 $48,710,000 $256,368
    $3k-4k 176 $40,550,000 $230,398
    $1k-2k 144 $54,060,000 $375,417
    $2k-3k 95 $27,025,000 $284,474

    Sfmc Lp's average total fees were $12,861, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 1,705 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 1,337 $461,665,000 $345,299
    7-8% 696 $225,170,000 $323,520
    5-6% 514 $185,860,000 $361,595
    Over 8% 66 $20,440,000 $309,697
    4-5% 43 $18,325,000 $426,163

    During 2023, Sfmc Lp's average interest rate for loans was 6.66%, while their most frequently originated rate bucket for loans was 6-7%, with 1,337 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 1,603 $483,825,000 $301,825 $12,180 6.67%
    $400k-600k 549 $259,365,000 $472,432 $16,605 6.57%
    $100k-200k 321 $51,475,000 $160,358 $7,655 6.83%
    $600k-1MM 149 $103,355,000 $693,658 $17,393 6.52%
    $100,000 or less 25 $1,955,000 $78,200 $5,813 6.69%
    $1MM+ 9 $11,485,000 $1,276,111 $25,402 6.80%

    2023 saw Sfmc Lp place emphasis on $200k-400k loans with 1,603 originations, totaling $483,825,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 836 $294,700,000 $352,512 $13,596 6.63%
    $75k-100k 598 $173,580,000 $290,268 $11,752 6.62%
    $150k-250k 542 $231,360,000 $426,863 $14,694 6.69%
    $50k-75k 377 $85,165,000 $225,902 $10,117 6.59%
    $250k+ 216 $111,150,000 $514,583 $14,906 6.86%
    $50k or less 74 $11,240,000 $151,892 $7,796 6.77%

    Sfmc Lp lent most frequently to those with incomes in the $100k-150k range, with 836 originations. The second most popular income band? $75k-100k, with 598 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    50-60% 513 $176,895,000 $344,825 $15,199 6.58%
    30-36% 304 $102,050,000 $335,691 $12,263 6.70%
    20-30% 254 $84,610,000 $333,110 $10,666 6.61%
    49% 201 $64,915,000 $322,960 $12,596 6.69%
    47% 135 $49,715,000 $368,259 $13,567 6.61%
    45% 132 $44,100,000 $334,091 $12,536 6.61%
    48% 116 $41,120,000 $354,483 $12,754 6.61%
    43% 112 $39,040,000 $348,571 $12,487 6.75%
    44% 111 $38,375,000 $345,721 $12,121 6.80%
    46% 107 $36,655,000 $342,570 $13,086 6.66%
    40% 105 $37,565,000 $357,762 $12,205 6.78%
    42% 95 $32,715,000 $344,368 $13,131 6.76%
    41% 88 $29,850,000 $339,205 $12,815 6.61%
    39% 84 $28,500,000 $339,286 $12,342 6.69%
    38% 76 $28,080,000 $369,474 $12,444 6.64%
    36% 70 $22,670,000 $323,857 $11,762 6.69%
    37% 69 $23,125,000 $335,145 $10,742 6.71%
    <20% 55 $18,255,000 $331,909 $10,643 6.99%
    >60% 29 $13,225,000 $456,034 $13,722 6.22%

    Sfmc Lp lent most frequently to those with DTI ratios of 50-60%, with 513 originations. The next most common DTI ratio? 30-36%, with 304 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,754 $589,470,000 $336,072 $12,637 6.68%
    Not provided 532 $181,800,000 $341,729 $12,970 6.69%
    Black 210 $76,630,000 $364,905 $13,902 6.48%
    Asian 137 $54,965,000 $401,204 $13,070 6.57%
    American Indian 17 $6,175,000 $363,235 $12,458 6.81%
    Native Hawaiian or Islander 6 $2,420,000 $403,333 $12,710 6.48%

    Approval Rates

    Total approvals of all applications
    94.72%

    Sfmc Lp has an average approval rate.

    Pick Rate

    Approvals leading to origination
    62.69%

    Sfmc Lp 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 2,656 $911,460,000 $343,170

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    2,656 $911,460,000 $343,170

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 53 $8,515,000 $160,660 $6,806 6.68%
    40-60% 182 $47,660,000 $261,868 $8,622 6.64%
    60-80% 499 $173,115,000 $346,924 $11,397 6.82%
    80-100% 1,846 $651,550,000 $352,952 $13,489 6.64%
    Over 100% 67 $29,625,000 $442,164 $22,413 6.09%
    Under 20% 9 $995,000 $110,556 $4,777 6.64%