Kbhs Home Loans, Llc

Irving, TX 75063

LEI: 5493002QI2ILHHZH8D20

Tax ID: 81-3798202

2019 Data | 2018 Data


Overview

Kbhs Home Loans, Llc is a small mortgage company specializing in Home Purchase loans. Kbhs Home Loans, Llc 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 include Riverside, San Antonio, Las Vegas, Austin, and Houston among others. They have a below average approval rate for mortages when compared nationally -- and they have a below average pick rate when compared to the same sample of other lendors. Kbhs Home Loans, Llc is typically a medium-low fee lendor.


Originations

7,634

Origination Dollar Volume (All Markets)

$2,221,700,000

Product Mix

Loan Type Originations Total Value Average Loan
Conventional 4,411 $1,298,435,000 $294,363
FHA 1,974 $542,880,000 $275,015
VA 1,153 $358,455,000 $310,889
USDA 96 $21,930,000 $228,438

Conventional loans are assumed to be 20% downpayment and either fixed/adjustable rate. FHA loans start at 3.5% downpayment and are targeted towards first time homebuyers who will be owner-occupants. USDA loans target agrarian uses such as farms. VA loans are available to members of the military. FHA, USDA and VA loans are typically subsidized by the government so as to have more favorable terms for the borrower.

Loan Reason

Loan Reason Originations Total Value Average Loan
Home Purchase 7,580 $2,203,400,000 $290,686
Refi 29 $11,385,000 $392,586
Cash Out Refi 25 $6,915,000 $276,600

Home purchase and refinance loans are typically offered by even the most prudent banks. Cash out refi loans typically carry higher fees-- they allow homeowners to get loans against the equity (appreciated value) of their home, but can be used irresponsibly. Lendors with a high ratio of cash out refi loans may be exposed in the event of an economic downturn, and may be more aggressive with their fee schedules.

Top Markets

Market Originations Total Value Average Loan
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA 596 $220,510,000 $369,983
SAN ANTONIO-NEW BRAUNFELS, TX 926 $218,030,000 $235,454
LAS VEGAS-HENDERSON-PARADISE, NV 705 $206,565,000 $293,000
AUSTIN-ROUND ROCK-GEORGETOWN, TX 773 $196,705,000 $254,470
HOUSTON-THE WOODLANDS-SUGAR LAND, TX 810 $179,530,000 $221,642
JACKSONVILLE, FL 582 $149,120,000 $256,220
DENVER-AURORA-LAKEWOOD, CO 347 $129,355,000 $372,781
PHOENIX-MESA-CHANDLER, AZ 396 $91,850,000 $231,944
ORLANDO-KISSIMMEE-SANFORD, FL 318 $83,260,000 $261,824
SACRAMENTO-ROSEVILLE-FOLSOM, CA 243 $82,605,000 $339,938
LOS ANGELES-LONG BEACH-GLENDALE, CA 134 $66,200,000 $494,030
TUCSON, AZ 253 $57,385,000 $226,818
TAMPA-ST. PETERSBURG-CLEARWATER, FL 221 $53,855,000 $243,688
SAN DIEGO-CHULA VISTA-CARLSBAD, CA 110 $53,210,000 $483,727
SAN JOSE-SUNNYVALE-SANTA CLARA, CA 67 $48,165,000 $718,881
STOCKTON, CA 115 $42,575,000 $370,217
RALEIGH-CARY, NC 131 $35,275,000 $269,275
OXNARD-THOUSAND OAKS-VENTURA, CA 51 $26,305,000 $515,784
LAKELAND-WINTER HAVEN, FL 116 $26,060,000 $224,655
DALLAS-PLANO-IRVING, TX 90 $25,640,000 $284,889
OAKLAND-BERKELEY-LIVERMORE, CA 34 $25,360,000 $745,882
ANAHEIM-SANTA ANA-IRVINE, CA 39 $24,105,000 $618,077
FRESNO, CA 81 $23,285,000 $287,469
BOULDER, CO 44 $21,750,000 $494,318
PALM BAY-MELBOURNE-TITUSVILLE, FL 62 $15,720,000 $253,548
MODESTO, CA 44 $14,400,000 $327,273
VALLEJO, CA 26 $13,750,000 $528,846
GREELEY, CO 36 $13,530,000 $375,833
YUBA CITY, CA 54 $12,940,000 $239,630
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL 46 $11,610,000 $252,391
SANTA ROSA-PETALUMA, CA 22 $11,190,000 $508,636
FORT COLLINS, CO 28 $8,460,000 $302,143
FORT WORTH-ARLINGTON-GRAPEVINE, TX 26 $6,440,000 $247,692
NORTH PORT-SARASOTA-BRADENTON, FL 22 $6,020,000 $273,636
PORT ST. LUCIE, FL 28 $6,010,000 $214,643
FAYETTEVILLE, NC 19 $4,675,000 $246,053
CAPE CORAL-FORT MYERS, FL 18 $4,420,000 $245,556
TACOMA-LAKEWOOD, WA 11 $2,995,000 $272,273
PUNTA GORDA, FL 6 $1,000,000 $166,667
Outside of Metro Areas 1 $745,000 $745,000
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA 1 $625,000 $625,000
WACO, TX 1 $275,000 $275,000
KILLEEN-TEMPLE, TX 1 $195,000 $195,000

Lendors vary in competitiveness at the per market level-- meaning they may have better terms, deals or promotions based on the mortgaged property's location.

Interest Rate & Spreads

Loan Rate Originations Total Value Average Loan
2.5-3% 89 $22,175,000 $249,157
3-4% 3,465 $1,073,935,000 $309,938
4-5% 3,473 $983,345,000 $283,140
5-6% 527 $139,495,000 $264,696
6-7% 7 $2,075,000 $296,429

Loan Sizing

Loan Size Originations Total Value Average Loan
$100,000 or less 166 $6,640,000 $40,000
$100k-200k 932 $158,860,000 $170,451
$200k-400k 5,483 $1,512,345,000 $275,824
$400k-600k 864 $404,180,000 $467,801
$600k-1000k 175 $123,735,000 $707,057
$Over $1MM 14 $15,940,000 $1,138,571

Different banks have different objectives. Some banks focus solely on high net worth individuals. Others focus on FHA loans for lower income applicants. Knowing what a bank specializes in allows better optimization given the applicant's financial situation.

LTV Distribution

Loan to Value Originations Total Value Average Loan
20-40% 162 $20,280,000 $125,185
40-60% 344 $76,170,000 $221,424
60-80% 1,594 $484,680,000 $304,065
80-100% 5,184 $1,557,220,000 $300,390
Over 100% 236 $80,520,000 $341,186
Under 20% 114 $2,830,000 $24,825

LTV, or loan-to-value, is the amount loaned relative to a home's value. Lower LTV lending implies a larger downpayment-- reducing risk to the lendor. FHA loans will nearly always have a higher LTV due to the lower downpayment requirements. Higher LTVs may also mean a bank is charging higher fees or interest rates to compensate for their risk exposure.

Applicant Income

Applicant Income Originations Total Value Average Loan
$100k-150k 2,002 $650,230,000 $324,790
$150k-250k 814 $319,570,000 $392,592
$50k-75k 2,059 $492,695,000 $239,288
$50k-or less 469 $89,045,000 $189,861
$75k-100k 2,080 $576,640,000 $277,231
$Over $250k 210 $93,520,000 $445,333

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan
White 4,186 $1,170,670,000 $279,663
Not provided 1,545 $459,675,000 $297,524
Asian 1,010 $335,870,000 $332,545
Black 790 $222,900,000 $282,152
American Indian 37 $10,275,000 $277,703
Native Hawaiian 32 $9,990,000 $312,188
Asian Indian 16 $6,770,000 $423,125
Filipino 11 $3,695,000 $335,909
Chinese 1 $725,000 $725,000
Other Asian 2 $590,000 $295,000
Korean 1 $245,000 $245,000
Other Pacific Islander 1 $215,000 $215,000
Guamanian 1 $65,000 $65,000
Native Hawiian 1 $15,000 $15,000

Approval Rates

Total approvals of all applications
66.88%

A high approval rate means banks are more selective in who they market to or that they are loosey-goosey with who they lend to. Low approval rates may mean a lendor is more stringent in their lending standards.

Pick Rate

Approvals leading to origination
86.54%

A bank's pick rate is how often they are chosen by an applicant once approved. A high pick rate typically means the bank has some sort of advantage-- either the best terms (rates/fees), fastest closing time or even the best customer service. Banks with <75% pick rate may need further investigation as to why they are not more competitive.

Points and Fees

Points Originations Total Value Average Loan
NA 7,634 $2,221,700,000 $291,027

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 596 $151,680,000 $254,497
$1k-2k 3,624 $1,060,440,000 $292,616
$2k-3k 1,104 $298,170,000 $270,082
$3k-4k 1,379 $396,105,000 $287,241
$5k+ 752 $270,900,000 $360,239

Banks make money on their float/interest spread (fees charged to borrowers vs fees they pay for their capital), for servicing loans, as well as charging origination fees when a loan is disbursed. Modern low-cost efficient lendors can have fees totaling less than $500 for many mortgages-- as low as $250 in some cases. Average lendors will be in the $1k-2k range and high cost lendors will be even more. The costs incurred by the bank will be similar no matter the loan amount, so this is to be viewed as a profit center for most banks.

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
Single Family (1-4 Units):Site-Built 7,634 $2,221,700,000 $291,027