Brookhollow Mortgage Services Ltd Rates, Fees & Info

HOUSTON, TX

LEI: 5493003GO99ZQDTH5407

Tax ID: 32-0306914

1.6 stars - out of 5 stars, based on 34 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Brookhollow Mortgage Services Ltd is a smaller mortgage company specializing in Home Purchase loans. Brookhollow Mortgage Services Ltd has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets include Dallas, Phoenix, San Antonio, Fort Collins, and Sherman among others. Brookhollow Mortgage Services Ltd has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Brookhollow Mortgage Services Ltd is typically a high fee lendor.


Originations

1,164

Origination Dollar Volume (All Markets)

$376,580,000

Relative Rate

Brookhollow Mortgage Services Ltd's average 30 year fixed rate mortgage of loans were 3.09%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of -0.06%.

Relative Fees

Brookhollow Mortgage Services Ltd's average total fees for a 30 year fixed rate mortgage are $8,345.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 612 $205,020,000 $335,000 $9,015 2.99%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 301 $93,275,000 $309,884 $7,272 3.13%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 242 $74,660,000 $308,512 $7,272 3.08%
FORT COLLINS, CO (FHA|USDA|VA) 3 $1,365,000 $455,000 $4,682 3.04%
SHERMAN-DENISON, TX (FHA|USDA|VA) 3 $1,255,000 $418,333 $5,190 3.29%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $465,000 $465,000 $11,065 2.88%
Outside of Metro Areas 1 $305,000 $305,000 $6,201 2.88%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 1 $235,000 $235,000 $8,863 3.13%

Brookhollow Mortgage Services Ltd's top markets include Dallas, Phoenix, San Antonio, Fort Collins, and Sherman among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 781 $248,045,000 $317,599 $7,059 3.05%
FHA 216 $67,670,000 $313,287 $12,721 3.14%
VA 167 $60,865,000 $364,461 $7,512 2.94%

For the 2021 period, Brookhollow Mortgage Services Ltd's most frequently originated loan type of loans were Conventional, with 781 originations. Their 2nd most popular type is FHA, with 216 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 1,162 $376,010,000 $323,589 $8,199 3.05%
Refi 1 $305,000 $305,000 $6,201 2.88%
Cash Out Refi 1 $265,000 $265,000 $3,633 3.63%

For the 2021, Brookhollow Mortgage Services Ltd's most frequently cited loan purpose of loans were Home Purchase, with 1,162 originations. The 2nd most popular reason of loans were Refi, with 1 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 1,106 $363,510,000 $328,671 $8,345 3.09%
15 Year 43 $11,535,000 $268,256 $6,214 2.51%
3 Year 7 $75,000 $10,714 $0 0.00%
20 Year 5 $1,095,000 $219,000 $6,077 2.88%
10 Year 3 $365,000 $121,667 $1,370 2.63%

For the 2021, Brookhollow Mortgage Services Ltd's most frequently cited loan length of loans were 30 Year, with 1,106 originations. The 2nd most popular length of loans were 15 Year, with 43 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$1k-2k 316 $101,590,000 $321,487
$3k-4k 262 $83,300,000 $317,939
$5k+ 235 $82,215,000 $349,851
$<1k 178 $55,360,000 $311,011
$2k-3k 154 $49,410,000 $320,844

$8,345 of loans were Brookhollow Mortgage Services Ltd's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 316 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
3-4% 606 $199,090,000 $328,531
2.5-3% 455 $150,325,000 $330,385
<2.5% 87 $23,205,000 $266,724
4-5% 15 $3,885,000 $259,000
5-6% 1 $75,000 $75,000

During 2021, Brookhollow Mortgage Services Ltd's average interest rate of loans were 3.09%, while their most frequently originated rate bucket of loans were 3-4%, with 606 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 878 $269,310,000 $306,731 $8,380 3.09%
$400k-600k 219 $99,305,000 $453,447 $8,873 3.05%
$100k-200k 40 $6,050,000 $151,250 $4,712 3.02%
$100,000 or less 26 $1,010,000 $38,846 $1,286 1.52%
$600k-1MM 1 $905,000 $905,000 $10,940 3.00%

2021 saw Brookhollow Mortgage Services Ltd place emphasis on $200k-400k loans with 878 originations, totaling $269,310,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 407 $142,095,000 $349,128 $8,356 3.09%
$75k-100k 306 $94,440,000 $308,627 $8,419 3.02%
$50k-75k 223 $61,735,000 $276,839 $7,833 2.91%
$150k-250k 163 $60,375,000 $370,399 $8,385 3.13%
$250k+ 34 $11,800,000 $347,059 $7,675 3.27%
$50k or less 31 $6,135,000 $197,903 $5,897 3.06%

Brookhollow Mortgage Services Ltd lent most frequently to those with incomes in the $100k-150k range, with 407 originations. The second most popular income band? $75k-100k, with 306 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 208 $65,260,000 $313,750 $7,153 3.07%
30-36% 181 $61,385,000 $339,144 $8,432 3.08%
50-60% 118 $38,300,000 $324,576 $10,794 3.02%
44% 68 $21,400,000 $314,706 $8,616 2.95%
43% 58 $17,960,000 $309,655 $8,033 3.09%
41% 50 $16,130,000 $322,600 $7,158 3.09%
45% 48 $16,500,000 $343,750 $8,718 3.10%
49% 47 $14,525,000 $309,043 $8,694 3.03%
40% 46 $15,910,000 $345,870 $7,112 3.03%
38% 45 $15,935,000 $354,111 $7,344 2.98%
<20% 42 $11,440,000 $272,381 $7,106 3.05%
42% 39 $12,585,000 $322,692 $8,504 3.10%
37% 39 $12,655,000 $324,487 $7,751 3.03%
39% 39 $12,385,000 $317,564 $7,842 3.16%
48% 37 $12,055,000 $325,811 $8,778 3.00%
36% 37 $12,025,000 $325,000 $7,312 3.08%
47% 30 $9,700,000 $323,333 $9,470 2.97%
46% 28 $9,030,000 $322,500 $7,565 2.98%
>60% 4 $1,400,000 $350,000 $4,118 2.50%

Brookhollow Mortgage Services Ltd lent most frequently to those with DTI ratios of 20-30%, with 208 originations. The next most common DTI ratio? 30-36%, with 181 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 614 $195,510,000 $318,420 $8,137 3.08%
Black 163 $52,445,000 $321,748 $9,168 2.96%
Asian 137 $48,095,000 $351,058 $7,994 2.99%
Not provided 150 $46,710,000 $311,400 $7,981 3.04%
Asian Indian 31 $12,105,000 $390,484 $8,004 3.02%
American Indian 38 $11,860,000 $312,105 $7,886 3.20%
Filipino 8 $3,140,000 $392,500 $8,597 3.11%
Other Pacific Islander 7 $2,495,000 $356,429 $4,854 3.11%
Other Asian 6 $1,790,000 $298,333 $6,509 3.29%
Vietnamese 7 $1,475,000 $210,714 $5,905 2.96%
Chinese 2 $610,000 $305,000 $7,892 3.25%
Native Hawaiian 1 $345,000 $345,000 $3,953 2.38%

Approval Rates

Total approvals of all applications
97.86%

Brookhollow Mortgage Services Ltd has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

Pick Rate

Approvals leading to origination
77.60%

Brookhollow Mortgage Services Ltd has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 1,164 $376,580,000 $323,522

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
1,164 $376,580,000 $323,522

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 30 $4,560,000 $152,000 $3,875 3.10%
40-60% 35 $7,125,000 $203,571 $6,165 2.91%
60-80% 214 $64,980,000 $303,645 $7,496 3.07%
80-100% 807 $277,285,000 $343,600 $8,477 3.10%
Over 100% 60 $22,260,000 $371,000 $12,424 3.02%
Under 20% 18 $370,000 $20,556 $348 0.69%

Complaints

Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
BARCLAYS BANK DELAWARE Conventional home mortgage Closing on a mortgage 1 50.0%
BARCLAYS BANK DELAWARE Other type of mortgage Closing on a mortgage 1 50.0%