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 small mortgage company specializing in Home Purchase 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 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.
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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
5,861Origination Dollar Volume (All Markets)
$1,561,305,000Awards
SFMC LP - 2021
SFMC LP is a 2021 , due to their low .
For 2021, 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) | 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, KY (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% |
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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 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
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
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
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
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
2021 saw Sfmc Lp place emphasis on $200k-400k loans with 3,430 originations, totaling $958,200,000 in origination value.
Applicant Income
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
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
Approval Rates
Total approvals of all applications94.75%
Sfmc Lp has an average approval rate.
Pick Rate
Approvals leading to origination74.15%
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
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% |