Brookhollow Mortgage Services Ltd Rates, Fees & Info

HOUSTON, TX

LEI: 5493003GO99ZQDTH5407

Tax ID: 32-0306914

1 stars - Updated: 2/25/24 - out of 5 stars, based on 32 reviews

Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

Review & 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 by origination volume include: Dallas, San Antonio, Phoenix, Denver, and Fort Collins among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)

Brookhollow Mortgage Services Ltd 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. Brookhollow Mortgage Services Ltd 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.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.47% 2/25/24
30 Year Cash-out Refi 6.27% 2/25/24
30 Year FHA Purchase 7.38% 2/25/24
30 Year VA Purchase 5.89% 2/25/24
15 Year Conventional Purchase 5.84% 2/25/24
15 Year VA Purchase 5.69% 2/25/24
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.

Brookhollow Mortgage Services Ltd Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Brookhollow Mortgage Services Ltd. 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

1,038

Origination Dollar Volume (All Markets)

$426,650,000

Relative Rate

Brookhollow Mortgage Services Ltd's average 30 year fixed mortgage rate was 5.04%.

The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

This yields a difference of 0.28%.

Relative Fees (Closing Costs)

Brookhollow Mortgage Services Ltd's average total fees/closing costs for a 30 year fixed rate mortgage were $10,015.

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) 496 $218,940,000 $441,411 $10,835 5.00%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 256 $92,790,000 $362,461 $9,203 5.04%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 198 $70,570,000 $356,414 $9,347 5.08%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 40 $21,260,000 $531,500 $7,871 4.87%
FORT COLLINS, CO (FHA|USDA|VA) 25 $11,885,000 $475,400 $7,142 4.43%
SHERMAN-DENISON, TX (FHA|USDA|VA) 13 $5,805,000 $446,538 $8,597 5.25%
GREELEY, CO (FHA|USDA|VA) 9 $5,075,000 $563,889 $11,275 4.57%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $325,000 $325,000 $9,522 5.50%
Brookhollow Mortgage Services Ltd's top markets include Dallas, San Antonio, Phoenix, Denver, and Fort Collins among others.

Their top states include:
  • Texas (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against BROOKHOLLOW MORTGAGE SERVICES LTD based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    First Credit Union
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    ARIZONA CENTRAL
    Similarity Rank: 1166
    UNITED SECURITY FINANCIAL CORP
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    PIMA Federal Credit Union
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    DATCU
    Similarity Rank: 1665
    Western State Bank
    Similarity Rank: 1710

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 801 $330,085,000 $412,091 $9,377 5.06%
    VA 123 $53,725,000 $436,789 $8,276 4.64%
    FHA 114 $42,840,000 $375,789 $15,508 5.02%

    For 2022, Brookhollow Mortgage Services Ltd's most frequently originated type of loan was Conventional, with 801 originations. Their 2nd most popular type was VA, with 123 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,038 $426,650,000 $411,031 $9,935 5.01%

    For 2022, Brookhollow Mortgage Services Ltd's most frequently cited loan purpose was Home Purchase, with 1,038 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,001 $414,045,000 $413,631 $10,015 5.04%
    15 Year 30 $10,360,000 $345,333 $7,549 4.27%
    20 Year 4 $1,970,000 $492,500 $12,506 3.75%
    10 Year 2 $260,000 $130,000 $850 4.94%
    3 Year 1 $15,000 $15,000 $0 0.00%

    For 2022, Brookhollow Mortgage Services Ltd's most frequently cited loan duration was 30 Year, with 1,001 originations. The 2nd most popular length was 15 Year, with 30 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 425 $184,825,000 $434,882
    $1k-2k 200 $81,860,000 $409,300
    $<1k 160 $65,070,000 $406,688
    $4k-5k 79 $31,015,000 $392,595
    $2k-3k 76 $29,580,000 $389,211
    $3k-4k 69 $24,805,000 $359,493

    Brookhollow Mortgage Services Ltd's average total fees were $10,015, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 425 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 336 $140,270,000 $417,470
    4-5% 296 $119,920,000 $405,135
    3-4% 207 $83,925,000 $405,435
    6-7% 152 $64,080,000 $421,579
    7-8% 22 $9,220,000 $419,091
    2.5-3% 20 $8,090,000 $404,500
    <2.5% 5 $1,145,000 $229,000

    During 2022, Brookhollow Mortgage Services Ltd's average interest rate for loans was 5.04%, while their most frequently originated rate bucket for loans was 5-6%, with 336 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $400k-600k 501 $241,425,000 $481,886 $10,643 5.04%
    $200k-400k 464 $152,840,000 $329,397 $9,251 4.94%
    $600k-1MM 45 $28,895,000 $642,111 $12,153 5.48%
    $100k-200k 20 $3,000,000 $150,000 $5,338 4.90%
    $100,000 or less 8 $490,000 $61,250 $2,769 4.23%

    2022 saw Brookhollow Mortgage Services Ltd place emphasis on $400k-600k loans with 501 originations, totaling $241,425,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 446 $186,090,000 $417,242 $10,505 5.01%
    $150k-250k 264 $124,110,000 $470,114 $9,776 5.20%
    $75k-100k 195 $72,515,000 $371,872 $9,731 4.75%
    $50k-75k 77 $22,535,000 $292,662 $8,025 4.76%
    $250k+ 45 $19,725,000 $438,333 $10,559 5.43%
    $50k or less 11 $1,675,000 $152,273 $5,566 4.73%

    Brookhollow Mortgage Services Ltd lent most frequently to those with incomes in the $100k-150k range, with 446 originations. The second most popular income band? $150k-250k, with 264 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 152 $60,130,000 $395,592 $8,853 4.96%
    20-30% 132 $49,520,000 $375,152 $8,502 4.80%
    50-60% 87 $35,885,000 $412,471 $13,023 4.81%
    49% 68 $27,320,000 $401,765 $10,605 5.17%
    48% 57 $25,335,000 $444,474 $10,792 5.26%
    44% 56 $23,030,000 $411,250 $10,453 4.91%
    42% 51 $21,565,000 $422,843 $10,167 4.96%
    43% 50 $22,340,000 $446,800 $11,457 5.48%
    47% 50 $21,100,000 $422,000 $9,875 4.91%
    41% 45 $19,365,000 $430,333 $9,599 5.29%
    45% 45 $19,785,000 $439,667 $9,117 5.16%
    46% 44 $18,560,000 $421,818 $10,452 5.17%
    39% 42 $19,330,000 $460,238 $10,266 5.03%
    38% 39 $16,025,000 $410,897 $9,683 4.97%
    40% 37 $15,335,000 $414,459 $10,026 4.86%
    37% 34 $13,870,000 $407,941 $8,630 4.93%
    36% 22 $8,790,000 $399,545 $9,670 4.92%
    <20% 21 $6,145,000 $292,619 $6,722 4.88%
    >60% 6 $3,220,000 $536,667 $9,617 5.05%

    Brookhollow Mortgage Services Ltd lent most frequently to those with DTI ratios of 30-36%, with 152 originations. The next most common DTI ratio? 20-30%, with 132 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 456 $177,020,000 $388,202 $9,699 4.92%
    Asian 205 $91,775,000 $447,683 $10,602 5.09%
    Not provided 152 $60,960,000 $401,053 $9,614 4.99%
    Black 101 $41,855,000 $414,406 $9,963 5.22%
    Asian Indian 75 $35,555,000 $474,067 $9,779 5.09%
    American Indian 24 $9,500,000 $395,833 $10,321 5.04%
    Other Asian 10 $3,920,000 $392,000 $10,376 4.87%
    Korean 4 $1,530,000 $382,500 $9,791 5.19%
    Filipino 3 $1,285,000 $428,333 $9,592 4.64%
    Native Hawaiian or Islander 2 $910,000 $455,000 $12,359 4.25%
    Other Pacific Islander 2 $880,000 $440,000 $16,795 6.00%
    Vietnamese 1 $495,000 $495,000 $11,117 3.63%
    Guamanian 1 $355,000 $355,000 $15,568 2.25%
    Japanese 1 $335,000 $335,000 $8,492 4.88%
    Chinese 1 $275,000 $275,000 $6,748 4.13%

    Approval Rates

    Total approvals of all applications
    98.57%

    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
    67.44%

    Brookhollow Mortgage Services Ltd 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 1,038 $426,650,000 $411,031

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,038 $426,650,000 $411,031

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 24 $3,710,000 $154,583 $5,213 4.97%
    40-60% 42 $10,820,000 $257,619 $6,580 4.98%
    60-80% 202 $79,090,000 $391,535 $9,567 4.99%
    80-100% 739 $320,755,000 $434,039 $10,133 5.03%
    Over 100% 26 $12,040,000 $463,077 $17,923 4.80%
    Under 20% 5 $235,000 $47,000 $1,050 3.58%