Sfmc Lp Mortgage Rates, Fees & Info

MCKINNEY, TX

LEI: 54930020YWIK7HGH2R34

Tax ID: 75-2700008

1 stars - out of 5 stars, based on 77 reviews

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

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Mortgage Data

  • SimulatedRates™
  • Review & Overview

    Sfmc Lp is a small mortgage company specializing in loans. Sfmc Lp 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 by origination volume include: Dallas, Austin, Laredo, Phoenix, and Granbury among others. We have data for 71 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 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.

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    SimulatedRates™

    Mortgage Type
    Simulated Rate Simulation Date
    30 Year Conventional Purchase 7.26% 11/26/22
    30 Year Conventional Refi 6.98% 11/26/22
    30 Year Cash-out Refi 7.26% 11/26/22
    30 Year FHA Purchase 8.16% 11/26/22
    30 Year FHA Refi 7.46% 11/26/22
    30 Year VA Purchase 6.98% 11/26/22
    30 Year VA Refi 6.55% 11/26/22
    30 Year USDA Purchase 20.86% 11/26/22
    30 Year USDA Refi 7.04% 11/26/22
    15 Year Conventional Purchase 6.65% 11/26/22
    15 Year Conventional Refi 6.44% 11/26/22
    15 Year Cash-out Refi 6.44% 11/26/22
    15 Year FHA Purchase 7.32% 11/26/22
    15 Year FHA Refi 7.69% 11/26/22
    15 Year VA Refi 6.24% 11/26/22
    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.


    Originations

    5,861

    Origination Dollar Volume (All Markets)

    $1,561,305,000

    Awards

    SFMC LP FHA Loans gold SFMC LP VA Loans silver SFMC LP USDA Loans silver SFMC LP FHA Loans gold
    Show all (4) awards

    Relative Rate

    Sfmc Lp's average 30 year fixed mortgage rate was 3.33%.

    The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.

    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 $8,199.

    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 $4,750.

    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) 3,810 $1,063,950,000 $279,252 $7,947 3.26%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 513 $142,715,000 $278,197 $8,426 3.15%
    LAREDO, TX (FHA|USDA|VA) 342 $68,340,000 $199,825 $8,193 3.36%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 146 $44,580,000 $305,342 $5,446 3.24%
    Outside of Metro Areas 196 $43,280,000 $220,816 $6,986 3.30%
    Granbury, TX (FHA|USDA|VA) 129 $33,675,000 $261,047 $7,366 3.33%
    ODESSA, TX (FHA|USDA|VA) 80 $17,630,000 $220,375 $8,387 3.30%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 62 $16,720,000 $269,677 $7,634 3.27%
    Palestine, TX (FHA|USDA|VA) 83 $13,775,000 $165,964 $7,345 3.25%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 43 $12,015,000 $279,419 $7,201 3.16%
    MIDLAND, TX (FHA|USDA|VA) 49 $11,845,000 $241,735 $8,657 3.45%
    SHERMAN-DENISON, TX (FHA|USDA|VA) 42 $10,660,000 $253,810 $7,647 3.39%
    Del Rio, TX (FHA|USDA|VA) 32 $6,900,000 $215,625 $8,252 3.26%
    Athens, TX (FHA|USDA|VA) 22 $6,430,000 $292,273 $8,607 3.18%
    Paris, TX (FHA|USDA|VA) 38 $6,000,000 $157,895 $7,531 3.61%
    TYLER, TX (FHA|USDA|VA) 22 $5,460,000 $248,182 $7,726 3.37%
    Gainesville, TX (FHA|USDA|VA) 18 $4,810,000 $267,222 $7,757 3.35%
    Bonham, TX (FHA|USDA|VA) 13 $3,435,000 $264,231 $8,347 3.10%
    Mineral Wells, TX (FHA|USDA|VA) 12 $3,010,000 $250,833 $7,085 3.44%
    KILLEEN-TEMPLE, TX (FHA|USDA|VA) 11 $2,955,000 $268,636 $7,496 3.56%
    Stephenville, TX (FHA|USDA|VA) 13 $2,845,000 $218,846 $6,348 3.44%
    WACO, TX (FHA|USDA|VA) 13 $2,755,000 $211,923 $5,749 3.25%
    LONGVIEW, TX (FHA|USDA|VA) 16 $2,720,000 $170,000 $6,057 3.51%
    OKLAHOMA CITY, OK (FHA|USDA|VA) 9 $2,515,000 $279,444 $6,746 3.07%
    Corsicana, TX (FHA|USDA|VA) 12 $2,390,000 $199,167 $8,332 3.41%
    Big Spring, TX (FHA|USDA|VA) 13 $2,315,000 $178,077 $7,719 3.61%
    Show Low, AZ (FHA|USDA|VA) 8 $1,810,000 $226,250 $5,848 3.23%
    LUBBOCK, TX (FHA|USDA|VA) 6 $1,620,000 $270,000 $7,394 3.44%
    Lufkin, TX (FHA|USDA|VA) 9 $1,565,000 $173,889 $6,404 3.11%
    Sulphur Springs, TX (FHA|USDA|VA) 6 $1,450,000 $241,667 $8,239 3.40%
    PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 4 $1,410,000 $352,500 $7,353 2.75%
    Nacogdoches, TX (FHA|USDA|VA) 7 $1,305,000 $186,429 $8,715 3.12%
    CORPUS CHRISTI, TX (FHA|USDA|VA) 6 $1,270,000 $211,667 $6,912 3.33%
    BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 6 $1,210,000 $201,667 $7,128 3.48%
    Mount Pleasant, TX (FHA|USDA|VA) 5 $1,205,000 $241,000 $11,326 3.05%
    FLAGSTAFF, AZ (FHA|USDA|VA) 2 $1,030,000 $515,000 $7,845 3.06%
    Eagle Pass, TX (FHA|USDA|VA) 5 $935,000 $187,000 $6,435 2.88%
    TULSA, OK (FHA|USDA|VA) 4 $900,000 $225,000 $7,293 3.09%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 2 $900,000 $450,000 $5,284 4.06%
    BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 4 $890,000 $222,500 $7,980 3.22%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 2 $840,000 $420,000 $5,859 4.06%
    MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 4 $740,000 $185,000 $7,249 3.22%
    COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 3 $665,000 $221,667 $6,390 3.83%
    Jacksonville, TX (FHA|USDA|VA) 3 $635,000 $211,667 $6,388 2.99%
    TUCSON, AZ (FHA|USDA|VA) 1 $465,000 $465,000 $21,632 2.88%
    Payson, AZ (FHA|USDA|VA) 1 $455,000 $455,000 $11,149 4.63%
    Uvalde, TX (FHA|USDA|VA) 2 $440,000 $220,000 $7,952 3.81%
    Rockport, TX (FHA|USDA|VA) 2 $430,000 $215,000 $6,730 2.81%
    Brownwood, TX (FHA|USDA|VA) 2 $360,000 $180,000 $6,066 3.63%
    Kerrville, TX (FHA|USDA|VA) 1 $345,000 $345,000 $13,545 3.63%
    LAWTON, OK (FHA|USDA|VA) 2 $340,000 $170,000 $4,329 3.13%
    ABILENE, TX (FHA|USDA|VA) 2 $330,000 $165,000 $5,618 3.19%
    Huntsville, TX (FHA|USDA|VA) 2 $330,000 $165,000 $5,119 3.69%
    Findlay, OH (FHA|USDA|VA) 1 $325,000 $325,000 $3,199 2.99%
    TEXARKANA, TX-AR (FHA|USDA|VA) 1 $325,000 $325,000 $10,362 3.25%
    Port Lavaca, TX (FHA|USDA|VA) 1 $305,000 $305,000 $8,246 3.38%
    AMARILLO, TX (FHA|USDA|VA) 2 $290,000 $145,000 $4,660 3.38%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $285,000 $285,000 $8,705 2.99%
    WICHITA FALLS, TX (FHA|USDA|VA) 2 $270,000 $135,000 $8,782 3.38%
    LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 1 $235,000 $235,000 $2,904 2.88%
    LOUISVILLE/JEFFERSON COUNTY, KY-IN (FHA|USDA|VA) 1 $225,000 $225,000 $3,849 3.13%
    Lamesa, TX (FHA|USDA|VA) 2 $220,000 $110,000 $8,067 2.94%
    Pecos, TX (FHA|USDA|VA) 1 $215,000 $215,000 $7,063 4.25%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $215,000 $215,000 $4,134 3.13%
    Zapata, TX (FHA|USDA|VA) 1 $175,000 $175,000 $9,078 3.63%
    EL PASO, TX (FHA|USDA|VA) 1 $155,000 $155,000 $4,989 2.88%
    JACKSONVILLE, FL (FHA|USDA|VA) 1 $125,000 $125,000 $2,269 2.88%
    COLUMBUS, OH (FHA|USDA|VA) 1 $105,000 $105,000 $5,745 4.63%
    Borger, TX (FHA|USDA|VA) 1 $85,000 $85,000 $4,879 3.25%
    Snyder, TX (FHA|USDA|VA) 1 $85,000 $85,000 $5,169 2.88%
    CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 1 $65,000 $65,000 $6,501 3.63%
    Sfmc Lp's top markets include Dallas, Austin, Laredo, Phoenix, and Granbury among others.

    Their top states include:
  • Texas (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Oklahoma (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Colorado (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.

    First Credit Union
    Similarity Rank: 378
    AMOCO
    Similarity Rank: 405
    ARIZONA CENTRAL
    Similarity Rank: 1166
    SCHLUMBERGER EMPLOYEES CREDIT UNION
    Similarity Rank: 1320
    AERO Federal Credit Union
    Similarity Rank: 1428
    U S WIDE FINANCIAL LLC
    Similarity Rank: 1512
    AAXY L.L.C.
    Similarity Rank: 1674
    WESTSTAR MORTGAGE CORPORATION
    Similarity Rank: 1968

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 4,033 $1,093,165,000 $271,055 $6,548 3.25%
    FHA 1,421 $340,205,000 $239,412 $10,712 3.37%
    VA 339 $112,215,000 $331,018 $11,177 3.03%
    USDA 68 $15,720,000 $231,176 $9,200 3.05%

    For 2021, Sfmc Lp's most frequently originated type of loan was Conventional, with 4,033 originations. Their 2nd most popular type was FHA, with 1,421 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 3,962 $1,094,960,000 $276,365 $8,776 3.35%
    Refi 1,230 $294,990,000 $239,829 $5,647 2.94%
    Cash Out Refi 669 $171,355,000 $256,136 $6,471 3.36%

    For 2021, Sfmc Lp's most frequently cited loan purpose was Home Purchase, with 3,962 originations. The 2nd most popular reason was Refi, with 1,230 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 5,161 $1,413,545,000 $273,890 $8,199 3.33%
    15 Year 468 $98,040,000 $209,487 $5,300 2.71%
    20 Year 149 $32,325,000 $216,946 $5,504 3.03%
    Other 64 $14,130,000 $220,781 $5,370 3.05%
    10 Year 19 $3,265,000 $171,842 $4,379 2.59%

    For 2021, Sfmc Lp's most frequently cited loan duration was 30 Year, with 5,161 originations. The 2nd most popular length was 15 Year, with 468 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $2k-3k 1,522 $349,530,000 $229,652
    $3k-4k 1,268 $310,260,000 $244,685
    $1k-2k 1,196 $307,090,000 $256,764
    $5k+ 1,003 $355,805,000 $354,741
    $4k-5k 677 $192,125,000 $283,789
    $<1k 195 $46,495,000 $238,436

    Sfmc Lp's average total fees were $8,199, while their most frequently occuring range of origination fees (closing costs) were in the $2k-3k bucket, with 1,522 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 3,527 $937,215,000 $265,726
    2.5-3% 1,724 $471,690,000 $273,602
    <2.5% 306 $76,690,000 $250,621
    4-5% 286 $70,490,000 $246,469
    5-6% 18 $5,220,000 $290,000

    During 2021, Sfmc Lp's average interest rate for loans was 3.33%, while their most frequently originated rate bucket for loans was 3-4%, with 3,527 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 3,430 $958,200,000 $279,359 $8,387 3.28%
    $100k-200k 1,612 $257,360,000 $159,653 $6,005 3.27%
    $400k-600k 606 $285,220,000 $470,660 $9,964 3.20%
    $100,000 or less 155 $12,405,000 $80,032 $4,732 3.27%
    $600k-1MM 50 $36,410,000 $728,200 $11,648 3.18%
    $1MM+ 8 $11,710,000 $1,463,750 $30,240 3.13%

    2021 saw Sfmc Lp place emphasis on $200k-400k loans with 3,430 originations, totaling $958,200,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 1,557 $338,755,000 $217,569 $7,702 3.32%
    $100k-150k 1,373 $408,685,000 $297,658 $8,218 3.24%
    $75k-100k 1,199 $310,435,000 $258,912 $8,228 3.27%
    $150k-250k 764 $269,320,000 $352,513 $8,078 3.25%
    $50k or less 651 $106,865,000 $164,155 $6,779 3.32%
    $250k+ 197 $92,725,000 $470,685 $9,174 3.23%

    Sfmc Lp lent most frequently to those with incomes in the $50k-75k range, with 1,557 originations. The second most popular income band? $100k-150k, with 1,373 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 962 $258,310,000 $268,514 $7,170 3.24%
    20-30% 939 $259,745,000 $276,619 $6,802 3.16%
    50-60% 574 $145,870,000 $254,129 $11,102 3.35%
    44% 309 $79,855,000 $258,430 $7,873 3.33%
    49% 275 $72,105,000 $262,200 $8,196 3.32%
    43% 270 $71,680,000 $265,481 $8,014 3.32%
    42% 254 $68,150,000 $268,307 $7,982 3.35%
    <20% 238 $62,920,000 $264,370 $6,057 3.05%
    41% 233 $61,295,000 $263,069 $7,945 3.28%
    39% 230 $60,800,000 $264,348 $7,766 3.31%
    40% 224 $60,460,000 $269,911 $7,760 3.31%
    48% 210 $55,720,000 $265,333 $8,102 3.30%
    38% 210 $54,430,000 $259,190 $7,183 3.29%
    45% 188 $50,250,000 $267,287 $8,379 3.30%
    37% 186 $49,310,000 $265,108 $7,720 3.26%
    36% 179 $49,075,000 $274,162 $7,579 3.33%
    47% 172 $46,090,000 $267,965 $8,317 3.36%
    46% 165 $42,305,000 $256,394 $8,285 3.35%
    >60% 18 $6,250,000 $347,222 $11,920 3.26%

    Sfmc Lp lent most frequently to those with DTI ratios of 30-36%, with 962 originations. The next most common DTI ratio? 20-30%, with 939 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 4,586 $1,212,890,000 $264,477 $7,697 3.26%
    Not provided 653 $174,075,000 $266,577 $8,031 3.26%
    Black 415 $114,025,000 $274,759 $9,212 3.34%
    Asian 195 $56,605,000 $290,282 $8,066 3.24%
    Native Hawaiian or Islander 8 $2,380,000 $297,500 $8,410 3.14%
    American Indian 4 $1,330,000 $332,500 $8,858 2.81%

    Approval Rates

    Total approvals of all applications
    94.75%

    Sfmc Lp has an average approval rate.

    Pick Rate

    Approvals leading to origination
    74.15%

    Sfmc Lp has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 5,861 $1,561,305,000 $266,389

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    5,861 $1,561,305,000 $266,389

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 129 $19,415,000 $150,504 $4,719 2.98%
    40-60% 529 $113,295,000 $214,168 $5,413 3.04%
    60-80% 1,642 $442,640,000 $269,574 $6,658 3.25%
    80-100% 3,450 $950,950,000 $275,638 $8,653 3.32%
    Over 100% 99 $33,325,000 $336,616 $17,650 3.04%
    Under 20% 10 $1,460,000 $146,000 $3,241 3.19%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    SFMC L.P. Conventional home mortgage Struggling to pay mortgage 2 50.0%
    SFMC L.P. FHA mortgage Trouble during payment process 2 50.0%