Sfmc Lp Mortgage Rates, Fees & Info
MCKINNEY, TXLEI: 54930020YWIK7HGH2R34
Tax ID: 75-2700008
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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, Laredo, Phoenix, and Granbury among others. We have data for 57 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 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 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 | 6.95% | 12/16/24 |
| 30 Year Conventional Refi | 6.80% | 12/16/24 |
| 30 Year Cash-out Refi | 7.12% | 12/16/24 |
| 30 Year FHA Purchase | 7.78% | 12/16/24 |
| 30 Year FHA Refi | 7.34% | 12/16/24 |
| 30 Year VA Purchase | 6.46% | 12/16/24 |
| 30 Year VA Refi | 6.29% | 12/16/24 |
| 30 Year USDA Purchase | 6.83% | 12/16/24 |
| 15 Year Conventional Purchase | 6.42% | 12/16/24 |
| 15 Year Conventional Refi | 6.55% | 12/16/24 |
| 15 Year Cash-out Refi | 6.55% | 12/16/24 |
| 15 Year VA Purchase | 7.63% | 12/16/24 |
| 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
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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
4,121Origination Dollar Volume (All Markets)
$937,775,000Awards
SFMC LP - 2019
SFMC LP is a 2019 , due to their low .
For 2019, less than of lenders were eligible for this award.
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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) | 2,747 | $647,455,000 | $235,695 | $6,127 | 4.48% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 404 | $98,920,000 | $244,851 | $4,748 | 4.21% |
| LAREDO, TX (FHA|USDA|VA) | 245 | $40,315,000 | $164,551 | $4,393 | 4.69% |
| Outside of Metro Areas | 139 | $26,975,000 | $194,065 | $5,650 | 4.62% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 91 | $24,165,000 | $265,549 | $5,095 | 4.29% |
| Granbury, TX (FHA|USDA|VA) | 107 | $23,995,000 | $224,252 | $5,827 | 4.46% |
| ODESSA, TX (FHA|USDA|VA) | 58 | $13,390,000 | $230,862 | $7,503 | 4.67% |
| Palestine, TX (FHA|USDA|VA) | 69 | $9,935,000 | $143,986 | $4,901 | 4.54% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 32 | $7,600,000 | $237,500 | $6,457 | 4.24% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 30 | $6,410,000 | $213,667 | $6,493 | 4.21% |
| MIDLAND, TX (FHA|USDA|VA) | 23 | $6,175,000 | $268,478 | $8,014 | 4.49% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 18 | $4,470,000 | $248,333 | $5,496 | 4.40% |
| Big Spring, TX (FHA|USDA|VA) | 21 | $3,965,000 | $188,810 | $5,302 | 4.82% |
| TYLER, TX (FHA|USDA|VA) | 12 | $2,310,000 | $192,500 | $6,452 | 4.45% |
| AMARILLO, TX (FHA|USDA|VA) | 12 | $2,220,000 | $185,000 | $5,884 | 4.93% |
| WACO, TX (FHA|USDA|VA) | 8 | $1,540,000 | $192,500 | $5,572 | 4.45% |
| Athens, TX (FHA|USDA|VA) | 7 | $1,485,000 | $212,143 | $5,297 | 4.77% |
| Sulphur Springs, TX (FHA|USDA|VA) | 7 | $1,455,000 | $207,857 | $7,790 | 4.16% |
| Stephenville, TX (FHA|USDA|VA) | 9 | $1,425,000 | $158,333 | $5,678 | 4.79% |
| Corsicana, TX (FHA|USDA|VA) | 7 | $1,365,000 | $195,000 | $5,473 | 4.68% |
| Bonham, TX (FHA|USDA|VA) | 5 | $1,325,000 | $265,000 | $7,278 | 4.80% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 6 | $1,150,000 | $191,667 | $4,624 | 4.83% |
| LONGVIEW, TX (FHA|USDA|VA) | 7 | $1,135,000 | $162,143 | $3,370 | 4.86% |
| Jacksonville, TX (FHA|USDA|VA) | 4 | $700,000 | $175,000 | $6,406 | 4.78% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 4 | $640,000 | $160,000 | $4,114 | 4.41% |
| LUBBOCK, TX (FHA|USDA|VA) | 3 | $565,000 | $188,333 | $4,794 | 4.46% |
| Del Rio, TX (FHA|USDA|VA) | 3 | $445,000 | $148,333 | $6,606 | 4.71% |
| Mineral Wells, TX (FHA|USDA|VA) | 4 | $410,000 | $102,500 | $3,131 | 4.88% |
| Hereford, TX (FHA|USDA|VA) | 3 | $395,000 | $131,667 | $5,046 | 4.63% |
| FLAGSTAFF, AZ (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $5,497 | 5.13% |
| SAN ANGELO, TX (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $3,759 | 5.00% |
| Rio Grande City-Roma, TX (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $5,705 | 5.56% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $4,709 | 5.13% |
| BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $5,952 | 4.00% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $5,393 | 4.19% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $5,815 | 4.75% |
| Show Low, AZ (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $7,614 | 4.38% |
| LEXINGTON-FAYETTE, KY (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $2,280 | 3.49% |
| Pecos, TX (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $11,092 | 5.13% |
| Paris, TX (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $3,741 | 4.56% |
| Nacogdoches, TX (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $2,444 | 4.13% |
| TEXARKANA, TX-AR (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $4,079 | 3.78% |
| LOUISVILLE, KY (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $4,383 | 4.50% |
| BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $7,738 | 4.88% |
| TUCSON, AZ (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $5,476 | 4.13% |
| Zapata, TX (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $5,812 | 4.88% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,227 | 4.25% |
| Rockport, TX (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,137 | 4.50% |
| Lamesa, TX (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $4,124 | 5.50% |
| TULSA, OK (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $5,549 | 5.25% |
| Andrews, TX (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $6,766 | 3.88% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $923 | 5.38% |
| Weatherford, OK (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $3,234 | 4.25% |
| Lufkin, TX (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $3,217 | 4.63% |
| COLUMBUS, OH (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $2,826 | 5.25% |
| ABILENE, TX (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $5,822 | 4.25% |
| MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $3,770 | 8.50% |
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.
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Product Mix
For 2019, Sfmc Lp's most frequently originated type of loan was Conventional, with 2,185 originations. Their 2nd most popular type was FHA, with 1,423 originations.
Loan Reason
For 2019, Sfmc Lp's most frequently cited loan purpose was Home Purchase, with 3,388 originations. The 2nd most popular reason was Refi, with 495 originations.
Loan Duration/Length
For 2019, Sfmc Lp's most frequently cited loan duration was 30 Year, with 3,873 originations. The 2nd most popular length was 15 Year, with 145 originations.
Origination Fees/Closing Costs
Sfmc Lp's average total fees were $5,874, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,734 originations.
Interest Rates
During 2019, Sfmc Lp's average interest rate for loans was 4.50%, while their most frequently originated rate bucket for loans was 4-5%, with 2,179 originations.
Loan Sizing
2019 saw Sfmc Lp place emphasis on $200k-400k loans with 2,194 originations, totaling $586,780,000 in origination value.
Applicant Income
Sfmc Lp lent most frequently to those with incomes in the $50k-75k range, with 1,220 originations. The second most popular income band? $100k-150k, with 887 originations.
Applicant Debt to Income Ratio
Sfmc Lp lent most frequently to those with DTI ratios of 50-60%, with 633 originations. The next most common DTI ratio? 30-36%, with 550 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications90.83%
Sfmc Lp has an average approval rate.
Pick Rate
Approvals leading to origination69.18%
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 | 4,121 | $937,775,000 | $227,560 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 64 | $9,580,000 | $149,688 |
| Single Family (1-4 Units):Site-Built | 4,057 | $928,195,000 | $228,789 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| SFMC L.P. | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 100.0% |