Southwest Funding Lp Mortgage Rates, Fees & Info

DALLAS, TX

LEI: 5493006P5IHSK77SZ855

Tax ID: 75-2674544

1 stars - out of 5 stars, based on 73 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Southwest Funding Lp is a small mortgage company specializing in Home Purchase loans. Southwest Funding 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 include Dallas, San Antonio, Austin, Clarksville, and Memphis among others. Southwest Funding Lp 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. Southwest Funding Lp is typically a high fee lendor.


Originations

5,258

Origination Dollar Volume (All Markets)

$1,237,090,000

Awards

SOUTHWEST FUNDING LP FHA Loans gold SOUTHWEST FUNDING LP FHA Loans gold
Show all (2) awards

Relative Rate

Southwest Funding Lp's average 30 year fixed rate mortgage of loans were 3.42%.

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

This yields a difference of 0.27%.

Relative Fees

Southwest Funding Lp's average total fees for a 30 year fixed rate mortgage are $9,779.

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) 980 $258,800,000 $264,082 $11,942 3.34%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 396 $108,870,000 $274,924 $10,255 3.34%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 194 $58,710,000 $302,629 $10,729 3.31%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 238 $56,630,000 $237,941 $10,096 3.47%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 198 $47,240,000 $238,586 $9,794 3.44%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 180 $45,760,000 $254,222 $12,438 3.47%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 151 $43,345,000 $287,053 $7,964 2.77%
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 207 $42,455,000 $205,097 $9,478 3.50%
Outside of Metro Areas 177 $37,345,000 $210,989 $8,125 3.46%
TUSCALOOSA, AL (FHA|USDA|VA) 154 $34,420,000 $223,506 $8,591 3.42%
LONGVIEW, TX (FHA|USDA|VA) 129 $27,985,000 $216,938 $9,233 3.42%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 119 $26,475,000 $222,479 $7,868 3.48%
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 79 $21,575,000 $273,101 $8,694 3.34%
LOUISVILLE/JEFFERSON COUNTY, KY-IN (FHA|USDA|VA) 91 $19,225,000 $211,264 $6,573 3.47%
BATON ROUGE, LA (FHA|USDA|VA) 89 $18,455,000 $207,360 $9,393 3.64%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 78 $17,280,000 $221,538 $5,762 3.40%
SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) 86 $17,110,000 $198,953 $9,391 3.65%
LAREDO, TX (FHA|USDA|VA) 60 $14,230,000 $237,167 $9,462 3.24%
LAFAYETTE, LA (FHA|USDA|VA) 71 $14,075,000 $198,239 $8,346 3.63%
HUNTSVILLE, AL (FHA|USDA|VA) 51 $13,125,000 $257,353 $7,331 3.30%
OKLAHOMA CITY, OK (FHA|USDA|VA) 54 $11,700,000 $216,667 $8,693 3.35%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 53 $11,635,000 $219,528 $8,891 3.50%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 51 $11,625,000 $227,941 $7,750 3.70%
HOUMA-THIBODAUX, LA (FHA|USDA|VA) 64 $10,350,000 $161,719 $7,545 3.46%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 45 $10,275,000 $228,333 $8,565 3.27%
Hobbs, NM (FHA|USDA|VA) 42 $9,290,000 $221,190 $8,506 3.37%
TULSA, OK (FHA|USDA|VA) 42 $8,950,000 $213,095 $24,486 3.39%
FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) 48 $8,870,000 $184,792 $6,099 3.46%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 26 $8,060,000 $310,000 $7,074 3.16%
Mount Pleasant, TX (FHA|USDA|VA) 43 $7,785,000 $181,047 $8,805 3.13%
EL PASO, TX (FHA|USDA|VA) 37 $7,075,000 $191,216 $8,824 3.51%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 20 $6,770,000 $338,500 $11,507 3.03%
ANNISTON-OXFORD, AL (FHA|USDA|VA) 37 $6,665,000 $180,135 $7,383 3.34%
SPARTANBURG, SC (FHA|USDA|VA) 33 $6,615,000 $200,455 $7,874 3.83%
Bay City, TX (FHA|USDA|VA) 36 $6,550,000 $181,944 $10,170 3.37%
COLUMBIA, SC (FHA|USDA|VA) 29 $6,175,000 $212,931 $7,911 3.45%
GREELEY, CO (FHA|USDA|VA) 23 $5,765,000 $250,652 $7,237 2.71%
TYLER, TX (FHA|USDA|VA) 24 $5,680,000 $236,667 $10,846 3.21%
BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 33 $5,655,000 $171,364 $8,326 3.50%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 28 $5,620,000 $200,714 $9,010 3.56%
ALBUQUERQUE, NM (FHA|USDA|VA) 22 $5,550,000 $252,273 $6,644 3.27%
HAMMOND, LA (FHA|USDA|VA) 25 $5,085,000 $203,400 $8,312 3.33%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 21 $4,525,000 $215,476 $7,142 3.31%
KNOXVILLE, TN (FHA|USDA|VA) 22 $4,390,000 $199,545 $6,512 3.60%
COLORADO SPRINGS, CO (FHA|USDA|VA) 15 $3,985,000 $265,667 $5,938 2.45%
El Campo, TX (FHA|USDA|VA) 17 $3,735,000 $219,706 $8,124 3.16%
SHERMAN-DENISON, TX (FHA|USDA|VA) 12 $3,530,000 $294,167 $14,824 3.35%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 12 $3,390,000 $282,500 $11,668 3.29%
CORPUS CHRISTI, TX (FHA|USDA|VA) 17 $3,355,000 $197,353 $9,696 3.39%
Carlsbad-Artesia, NM (FHA|USDA|VA) 12 $3,130,000 $260,833 $7,056 3.88%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 16 $3,040,000 $190,000 $7,983 3.58%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 14 $3,020,000 $215,714 $11,031 3.46%
MONROE, LA (FHA|USDA|VA) 14 $2,860,000 $204,286 $7,627 3.46%
MOBILE, AL (FHA|USDA|VA) 15 $2,755,000 $183,667 $7,066 3.31%
Opelousas, LA (FHA|USDA|VA) 11 $2,335,000 $212,273 $9,828 3.60%
Talladega-Sylacauga, AL (FHA|USDA|VA) 15 $2,295,000 $153,000 $6,892 3.57%
GADSDEN, AL (FHA|USDA|VA) 11 $1,995,000 $181,364 $6,643 3.43%
WACO, TX (FHA|USDA|VA) 8 $1,860,000 $232,500 $7,973 3.37%
PUNTA GORDA, FL (FHA|USDA|VA) 8 $1,840,000 $230,000 $12,435 3.44%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 11 $1,735,000 $157,727 $7,464 3.53%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 8 $1,730,000 $216,250 $7,912 3.73%
SALEM, OR (FHA|USDA|VA) 6 $1,720,000 $286,667 $5,251 3.27%
MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 8 $1,700,000 $212,500 $9,452 3.39%
MIDLAND, TX (FHA|USDA|VA) 6 $1,580,000 $263,333 $11,251 3.13%
JACKSON, TN (FHA|USDA|VA) 9 $1,525,000 $169,444 $8,512 3.49%
Sevierville, TN (FHA|USDA|VA) 8 $1,520,000 $190,000 $7,280 3.50%
MONTGOMERY, AL (FHA|USDA|VA) 6 $1,500,000 $250,000 $8,482 3.15%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 5 $1,495,000 $299,000 $14,400 3.58%
Granbury, TX (FHA|USDA|VA) 5 $1,435,000 $287,000 $9,799 3.32%
FORT COLLINS, CO (FHA|USDA|VA) 5 $1,405,000 $281,000 $6,391 2.40%
ODESSA, TX (FHA|USDA|VA) 6 $1,350,000 $225,000 $11,517 3.71%
LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 6 $1,350,000 $225,000 $8,810 3.58%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 5 $1,345,000 $269,000 $11,091 3.13%
Tullahoma-Manchester, TN (FHA|USDA|VA) 7 $1,315,000 $187,857 $7,305 3.41%
BOULDER, CO (FHA|USDA|VA) 3 $1,245,000 $415,000 $6,940 3.38%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 6 $1,240,000 $206,667 $7,394 3.31%
FORT WAYNE, IN (FHA|USDA|VA) 7 $1,205,000 $172,143 $5,431 3.48%
PUEBLO, CO (FHA|USDA|VA) 7 $1,205,000 $172,143 $6,094 1.82%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 5 $1,205,000 $241,000 $7,228 3.23%
KAHULUI-WAILUKU-LAHAINA, HI (FHA|USDA|VA) 2 $1,190,000 $595,000 $17,158 3.00%
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 6 $1,190,000 $198,333 $8,956 3.25%
VICTORIA, TX (FHA|USDA|VA) 5 $1,165,000 $233,000 $11,643 3.28%
Muscatine, IA (FHA|USDA|VA) 10 $1,100,000 $110,000 $5,788 3.96%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 5 $1,015,000 $203,000 $16,637 3.45%
DECATUR, AL (FHA|USDA|VA) 5 $995,000 $199,000 $6,000 3.30%
ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) 4 $990,000 $247,500 $11,817 3.72%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 4 $990,000 $247,500 $7,585 3.15%
DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) 5 $905,000 $181,000 $6,680 3.55%
FLINT, MI (FHA|USDA|VA) 5 $895,000 $179,000 $8,129 3.75%
CLEVELAND, TN (FHA|USDA|VA) 3 $895,000 $298,333 $5,997 3.08%
MORRISTOWN, TN (FHA|USDA|VA) 4 $890,000 $222,500 $10,923 3.44%
Athens, TX (FHA|USDA|VA) 5 $885,000 $177,000 $8,319 3.35%
Fort Morgan, CO (FHA|USDA|VA) 4 $860,000 $215,000 $9,622 2.22%
Lewisburg, TN (FHA|USDA|VA) 4 $860,000 $215,000 $8,949 3.13%
SAGINAW, MI (FHA|USDA|VA) 6 $840,000 $140,000 $6,450 3.83%
Crossville, TN (FHA|USDA|VA) 4 $820,000 $205,000 $6,529 3.47%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 3 $815,000 $271,667 $13,830 3.63%
JACKSONVILLE, FL (FHA|USDA|VA) 5 $775,000 $155,000 $7,711 3.88%
Lawrenceburg, TN (FHA|USDA|VA) 4 $770,000 $192,500 $7,421 3.66%
Greenwood, SC (FHA|USDA|VA) 4 $700,000 $175,000 $7,368 3.78%
Greensburg, IN (FHA|USDA|VA) 4 $650,000 $162,500 $6,822 3.44%
Morgan City, LA (FHA|USDA|VA) 3 $645,000 $215,000 $7,367 3.08%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 3 $635,000 $211,667 $9,400 3.33%
Minden, LA (FHA|USDA|VA) 5 $635,000 $127,000 $5,385 3.65%
ABILENE, TX (FHA|USDA|VA) 2 $590,000 $295,000 $13,319 3.69%
TERRE HAUTE, IN (FHA|USDA|VA) 4 $590,000 $147,500 $5,958 3.84%
Mineral Wells, TX (FHA|USDA|VA) 3 $585,000 $195,000 $8,210 3.58%
Nacogdoches, TX (FHA|USDA|VA) 3 $585,000 $195,000 $8,965 3.62%
MIDLAND, MI (FHA|USDA|VA) 4 $580,000 $145,000 $7,425 3.94%
Beeville, TX (FHA|USDA|VA) 2 $570,000 $285,000 $9,165 3.13%
Eagle Pass, TX (FHA|USDA|VA) 3 $565,000 $188,333 $5,624 3.50%
LAWTON, OK (FHA|USDA|VA) 3 $555,000 $185,000 $7,359 3.25%
Jasper, IN (FHA|USDA|VA) 3 $555,000 $185,000 $6,507 3.92%
Natchitoches, LA (FHA|USDA|VA) 3 $545,000 $181,667 $8,808 3.67%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $545,000 $545,000 $13,940 2.75%
Paris, TN (FHA|USDA|VA) 3 $515,000 $171,667 $8,158 3.67%
Cullman, AL (FHA|USDA|VA) 3 $515,000 $171,667 $7,441 3.75%
Brenham, TX (FHA|USDA|VA) 2 $510,000 $255,000 $8,594 2.75%
ENID, OK (FHA|USDA|VA) 3 $505,000 $168,333 $11,000 3.67%
LAKE CHARLES, LA (FHA|USDA|VA) 3 $505,000 $168,333 $7,811 3.79%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 2 $500,000 $250,000 $7,807 3.75%
Starkville, MS (FHA|USDA|VA) 4 $500,000 $125,000 $5,732 3.38%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 3 $495,000 $165,000 $7,996 3.79%
ST. LOUIS, MO-IL (FHA|USDA|VA) 4 $480,000 $120,000 $8,608 4.09%
Albertville, AL (FHA|USDA|VA) 3 $465,000 $155,000 $6,651 3.42%
Seneca, SC (FHA|USDA|VA) 2 $460,000 $230,000 $9,211 3.50%
Arcadia, FL (FHA|USDA|VA) 2 $450,000 $225,000 $8,961 3.38%
Corsicana, TX (FHA|USDA|VA) 3 $445,000 $148,333 $10,297 3.83%
GRAND JUNCTION, CO (FHA|USDA|VA) 3 $445,000 $148,333 $8,238 2.00%
SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 3 $435,000 $145,000 $5,507 3.96%
AUBURN-OPELIKA, AL (FHA|USDA|VA) 2 $430,000 $215,000 $9,213 3.38%
Winona, MN (FHA|USDA|VA) 3 $425,000 $141,667 $5,484 3.21%
Ruidoso, NM (FHA|USDA|VA) 2 $420,000 $210,000 $5,397 4.00%
Newberry, SC (FHA|USDA|VA) 2 $400,000 $200,000 $5,498 3.63%
McAlester, OK (FHA|USDA|VA) 3 $395,000 $131,667 $6,255 3.12%
Gainesville, TX (FHA|USDA|VA) 1 $385,000 $385,000 $11,131 3.75%
Del Rio, TX (FHA|USDA|VA) 2 $380,000 $190,000 $7,377 3.25%
Kerrville, TX (FHA|USDA|VA) 2 $380,000 $190,000 $7,599 3.44%
Frankfort, IN (FHA|USDA|VA) 3 $365,000 $121,667 $6,222 3.88%
Logansport, IN (FHA|USDA|VA) 2 $360,000 $180,000 $7,130 3.44%
WICHITA, KS (FHA|USDA|VA) 2 $360,000 $180,000 $6,218 3.50%
COLUMBUS, OH (FHA|USDA|VA) 2 $350,000 $175,000 $6,157 3.63%
Bartlesville, OK (FHA|USDA|VA) 2 $350,000 $175,000 $9,947 3.44%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 2 $350,000 $175,000 $10,007 3.56%
FLORENCE, SC (FHA|USDA|VA) 2 $340,000 $170,000 $7,754 3.69%
LUBBOCK, TX (FHA|USDA|VA) 2 $330,000 $165,000 $8,465 3.44%
McMinnville, TN (FHA|USDA|VA) 2 $330,000 $165,000 $8,236 3.56%
Shelbyville, TN (FHA|USDA|VA) 2 $330,000 $165,000 $4,031 3.31%
Ruston, LA (FHA|USDA|VA) 2 $310,000 $155,000 $7,719 3.50%
NILES, MI (FHA|USDA|VA) 2 $300,000 $150,000 $4,937 3.25%
Richmond, IN (FHA|USDA|VA) 2 $300,000 $150,000 $6,058 4.00%
OWENSBORO, KY (FHA|USDA|VA) 1 $295,000 $295,000 $8,104 3.38%
Decatur, IN (FHA|USDA|VA) 2 $290,000 $145,000 $2,617 3.63%
Kalispell, MT (FHA|USDA|VA) 1 $285,000 $285,000 $9,598 3.13%
SANTA FE, NM (FHA|USDA|VA) 1 $285,000 $285,000 $9,309 2.63%
Washington, IN (FHA|USDA|VA) 1 $285,000 $285,000 $2,289 2.99%
Montrose, CO (FHA|USDA|VA) 1 $285,000 $285,000 $5,960 3.88%
Orangeburg, SC (FHA|USDA|VA) 2 $280,000 $140,000 $7,039 3.56%
Paris, TX (FHA|USDA|VA) 1 $275,000 $275,000 $12,005 3.25%
Fredericksburg, TX (FHA|USDA|VA) 1 $275,000 $275,000 $12,468 3.13%
Rockport, TX (FHA|USDA|VA) 1 $275,000 $275,000 $8,661 4.00%
WICHITA FALLS, TX (FHA|USDA|VA) 2 $260,000 $130,000 $9,547 4.00%
Union, SC (FHA|USDA|VA) 2 $260,000 $130,000 $8,390 3.81%
CAPE GIRARDEAU, MO-IL (FHA|USDA|VA) 2 $260,000 $130,000 $5,101 3.43%
WHEELING, WV-OH (FHA|USDA|VA) 1 $255,000 $255,000 $6,439 3.63%
Steamboat Springs, CO (FHA|USDA|VA) 1 $255,000 $255,000 $9,603 3.25%
ASHEVILLE, NC (FHA|USDA|VA) 1 $255,000 $255,000 $4,037 2.88%
Warsaw, IN (FHA|USDA|VA) 2 $250,000 $125,000 $5,090 3.56%
Weatherford, OK (FHA|USDA|VA) 1 $245,000 $245,000 $12,620 3.88%
KANSAS CITY, MO-KS (FHA|USDA|VA) 2 $240,000 $120,000 $5,438 3.13%
Greenwood, MS (FHA|USDA|VA) 2 $240,000 $120,000 $7,536 3.94%
Martin, TN (FHA|USDA|VA) 2 $240,000 $120,000 $5,594 3.88%
Oxford, MS (FHA|USDA|VA) 1 $235,000 $235,000 $10,887 3.25%
Durant, OK (FHA|USDA|VA) 1 $235,000 $235,000 $6,559 2.99%
Alma, MI (FHA|USDA|VA) 2 $230,000 $115,000 $5,717 3.69%
MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) 2 $230,000 $115,000 $2,672 3.63%
BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 2 $230,000 $115,000 $9,308 3.38%
Sulphur Springs, TX (FHA|USDA|VA) 1 $225,000 $225,000 $4,255 2.88%
JACKSONVILLE, NC (FHA|USDA|VA) 1 $225,000 $225,000 $8,173 4.25%
TOLEDO, OH (FHA|USDA|VA) 1 $225,000 $225,000 $11,173 3.88%
Muskogee, OK (FHA|USDA|VA) 1 $225,000 $225,000 $5,995 3.00%
Palestine, TX (FHA|USDA|VA) 1 $225,000 $225,000 $4,876 3.25%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $225,000 $225,000 $6,366 3.49%
Van Wert, OH (FHA|USDA|VA) 2 $220,000 $110,000 $5,451 2.88%
Pinehurst-Southern Pines, NC (FHA|USDA|VA) 1 $215,000 $215,000 $6,658 3.75%
LANSING-EAST LANSING, MI (FHA|USDA|VA) 1 $215,000 $215,000 $10,391 3.25%
Shawnee, OK (FHA|USDA|VA) 2 $210,000 $105,000 $7,944 3.69%
KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 2 $210,000 $105,000 $5,683 3.94%
Alpena, MI (FHA|USDA|VA) 2 $210,000 $105,000 $5,497 4.63%
OSHKOSH-NEENAH, WI (FHA|USDA|VA) 1 $205,000 $205,000 $8,243 3.63%
Stillwater, OK (FHA|USDA|VA) 1 $205,000 $205,000 $6,740 3.25%
ST. CLOUD, MN (FHA|USDA|VA) 1 $205,000 $205,000 $4,530 3.25%
MANKATO, MN (FHA|USDA|VA) 1 $205,000 $205,000 $5,425 3.25%
COLUMBUS, IN (FHA|USDA|VA) 1 $205,000 $205,000 $7,759 4.25%
Sikeston, MO (FHA|USDA|VA) 1 $205,000 $205,000 $3,350 3.25%
Jacksonville, TX (FHA|USDA|VA) 1 $195,000 $195,000 $13,006 3.50%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $195,000 $195,000 $7,410 3.75%
ROCHESTER, MN (FHA|USDA|VA) 1 $195,000 $195,000 $2,535 2.75%
Bemidji, MN (FHA|USDA|VA) 1 $195,000 $195,000 $6,685 2.49%
Fort Payne, AL (FHA|USDA|VA) 1 $195,000 $195,000 $5,923 2.75%
Sturgis, MI (FHA|USDA|VA) 1 $195,000 $195,000 $12,499 2.88%
Burlington, IA-IL (FHA|USDA|VA) 1 $185,000 $185,000 $7,512 3.25%
Cleveland, MS (FHA|USDA|VA) 1 $185,000 $185,000 $11,423 3.50%
New Castle, IN (FHA|USDA|VA) 1 $185,000 $185,000 $7,743 3.75%
Greeneville, TN (FHA|USDA|VA) 1 $175,000 $175,000 $7,297 4.50%
Jennings, LA (FHA|USDA|VA) 1 $175,000 $175,000 $9,511 3.88%
JOHNSON CITY, TN (FHA|USDA|VA) 1 $175,000 $175,000 $7,634 3.75%
Gaffney, SC (FHA|USDA|VA) 1 $175,000 $175,000 $6,188 3.00%
Bedford, IN (FHA|USDA|VA) 1 $165,000 $165,000 $2,825 3.25%
LaGrange, GA-AL (FHA|USDA|VA) 1 $165,000 $165,000 $4,762 3.13%
Tahlequah, OK (FHA|USDA|VA) 1 $155,000 $155,000 $8,689 4.13%
FARMINGTON, NM (FHA|USDA|VA) 1 $155,000 $155,000 $5,082 4.25%
ALEXANDRIA, LA (FHA|USDA|VA) 1 $155,000 $155,000 $13,427 4.00%
Central City, KY (FHA|USDA|VA) 1 $155,000 $155,000 $7,246 3.25%
Connersville, IN (FHA|USDA|VA) 1 $155,000 $155,000 $6,402 3.88%
AMARILLO, TX (FHA|USDA|VA) 1 $155,000 $155,000 $6,103 2.75%
Angola, IN (FHA|USDA|VA) 1 $155,000 $155,000 $2,663 3.88%
GULFPORT-BILOXI, MS (FHA|USDA|VA) 1 $145,000 $145,000 $5,428 3.63%
EVANSVILLE, IN-KY (FHA|USDA|VA) 1 $145,000 $145,000 $3,470 3.88%
OCALA, FL (FHA|USDA|VA) 1 $145,000 $145,000 $9,632 3.13%
Jasper, AL (FHA|USDA|VA) 1 $145,000 $145,000 $6,635 3.38%
Wauchula, FL (FHA|USDA|VA) 1 $145,000 $145,000 $8,842 3.75%
Mount Pleasant, MI (FHA|USDA|VA) 1 $145,000 $145,000 $7,427 3.25%
Atmore, AL (FHA|USDA|VA) 1 $135,000 $135,000 $4,406 2.75%
Duncan, OK (FHA|USDA|VA) 1 $135,000 $135,000 $5,599 3.88%
Sterling, IL (FHA|USDA|VA) 1 $125,000 $125,000 $4,059 3.13%
Lufkin, TX (FHA|USDA|VA) 1 $125,000 $125,000 $11,759 3.13%
Crawfordsville, IN (FHA|USDA|VA) 1 $125,000 $125,000 $4,762 4.25%
Cookeville, TN (FHA|USDA|VA) 1 $125,000 $125,000 $6,907 3.13%
Union City, TN (FHA|USDA|VA) 1 $125,000 $125,000 $7,994 3.50%
DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 1 $125,000 $125,000 $3,894 2.50%
SUMTER, SC (FHA|USDA|VA) 1 $115,000 $115,000 $7,081 4.00%
Madison, IN (FHA|USDA|VA) 1 $115,000 $115,000 $5,448 3.38%
Dayton, TN (FHA|USDA|VA) 1 $115,000 $115,000 $5,446 2.63%
Bardstown, KY (FHA|USDA|VA) 1 $115,000 $115,000 $4,625 3.50%
BAY CITY, MI (FHA|USDA|VA) 1 $105,000 $105,000 $8,615 4.25%
Portsmouth, OH (FHA|USDA|VA) 1 $105,000 $105,000 $6,854 4.13%
PANAMA CITY, FL (FHA|USDA|VA) 1 $105,000 $105,000 $5,002 4.25%
Norwalk, OH (FHA|USDA|VA) 1 $105,000 $105,000 $6,018 3.88%
West Point, MS (FHA|USDA|VA) 1 $95,000 $95,000 $7,158 3.88%
Scottsburg, IN (FHA|USDA|VA) 1 $95,000 $95,000 $4,599 3.38%
Auburn, IN (FHA|USDA|VA) 1 $85,000 $85,000 $3,391 3.50%
KOKOMO, IN (FHA|USDA|VA) 1 $85,000 $85,000 $1,829 3.75%
Sweetwater, TX (FHA|USDA|VA) 1 $85,000 $85,000 $4,808 3.88%
Bogalusa, LA (FHA|USDA|VA) 1 $85,000 $85,000 $6,697 3.75%
Scottsboro, AL (FHA|USDA|VA) 1 $85,000 $85,000 $4,901 3.75%
Brownwood, TX (FHA|USDA|VA) 1 $75,000 $75,000 $9,849 4.50%
Mayfield, KY (FHA|USDA|VA) 1 $75,000 $75,000 $2,645 2.88%
Manitowoc, WI (FHA|USDA|VA) 1 $75,000 $75,000 $4,648 3.00%
BATTLE CREEK, MI (FHA|USDA|VA) 1 $75,000 $75,000 $4,144 3.88%
Peru, IN (FHA|USDA|VA) 1 $65,000 $65,000 $4,622 3.75%

Southwest Funding Lp's top markets include Dallas, San Antonio, Austin, Clarksville, and Memphis among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 2,500 $625,020,000 $250,008 $8,136 3.32%
FHA 2,067 $438,765,000 $212,271 $11,341 3.49%
VA 470 $135,880,000 $289,106 $11,141 3.32%
USDA 221 $37,425,000 $169,344 $7,245 3.47%

For the 2021 period, Southwest Funding Lp's most frequently originated loan type of loans were Conventional, with 2,500 originations. Their 2nd most popular type is FHA, with 2,067 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 3,747 $885,295,000 $236,268 $10,111 3.47%
Refi 992 $232,550,000 $234,425 $8,551 3.08%
Cash Out Refi 517 $119,235,000 $230,629 $8,169 3.46%
Other 2 $10,000 $5,000 $125 0.00%

For the 2021, Southwest Funding Lp's most frequently cited loan purpose of loans were Home Purchase, with 3,747 originations. The 2nd most popular reason of loans were Refi, with 992 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 4,944 $1,173,240,000 $237,306 $9,779 3.42%
15 Year 223 $43,895,000 $196,839 $6,870 2.82%
20 Year 50 $11,070,000 $221,400 $7,703 3.20%
Other 31 $7,725,000 $249,194 $8,305 2.92%
10 Year 9 $1,145,000 $127,222 $8,178 2.80%
30+ year 1 $15,000 $15,000 $125 0.00%

For the 2021, Southwest Funding Lp's most frequently cited loan length of loans were 30 Year, with 4,944 originations. The 2nd most popular length of loans were 15 Year, with 223 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$1k-2k 3,680 $870,190,000 $236,465
$<1k 1,049 $244,265,000 $232,855
$3k-4k 180 $43,630,000 $242,389
$2k-3k 145 $29,595,000 $204,103
$5k+ 52 $19,310,000 $371,346

$9,779 of loans were Southwest Funding Lp's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 3,680 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
3-4% 3,606 $848,740,000 $235,369
2.5-3% 1,006 $257,330,000 $255,795
4-5% 438 $87,590,000 $199,977
<2.5% 187 $39,415,000 $210,775
Over 8% 14 $3,270,000 $233,571
5-6% 2 $130,000 $65,000
7-8% 2 $350,000 $175,000

During 2021, Southwest Funding Lp's average interest rate of loans were 3.42%, while their most frequently originated rate bucket of loans were 3-4%, with 3,606 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 2,566 $697,570,000 $271,851 $10,690 3.41%
$100k-200k 2,012 $316,160,000 $157,137 $7,511 3.46%
$400k-600k 392 $185,010,000 $471,964 $13,634 3.20%
$100,000 or less 261 $17,955,000 $68,793 $7,467 3.02%
$600k-1MM 24 $16,670,000 $694,583 $25,844 3.31%
$1MM+ 3 $3,725,000 $1,241,667 $32,277 3.50%

2021 saw Southwest Funding Lp place emphasis on $200k-400k loans with 2,566 originations, totaling $697,570,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$50k-75k 1,593 $338,205,000 $212,307 $9,778 3.44%
$50k or less 1,338 $220,440,000 $164,753 $8,018 3.38%
$75k-100k 1,009 $256,035,000 $253,751 $9,884 3.42%
$100k-150k 820 $235,040,000 $286,634 $10,013 3.37%
$150k-250k 386 $140,500,000 $363,990 $11,453 3.26%
$250k+ 111 $46,675,000 $420,495 $14,950 3.30%

Southwest Funding Lp lent most frequently to those with incomes in the $50k-75k range, with 1,593 originations. The second most popular income band? $50k or less, with 1,338 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
30-36% 838 $195,210,000 $232,947 $9,589 3.38%
20-30% 736 $170,540,000 $231,712 $8,609 3.32%
50-60% 621 $149,165,000 $240,201 $11,274 3.46%
44% 242 $60,790,000 $251,198 $14,387 3.47%
43% 227 $53,915,000 $237,511 $9,377 3.44%
40% 224 $50,280,000 $224,464 $9,191 3.51%
42% 215 $51,945,000 $241,605 $9,280 3.50%
49% 208 $49,170,000 $236,394 $9,238 3.33%
36% 202 $46,480,000 $230,099 $8,609 3.44%
41% 195 $45,925,000 $235,513 $9,374 3.54%
45% 191 $47,015,000 $246,152 $10,005 3.47%
39% 190 $45,290,000 $238,368 $8,794 3.50%
38% 181 $42,235,000 $233,343 $9,085 3.41%
47% 178 $42,260,000 $237,416 $9,677 3.37%
<20% 176 $39,650,000 $225,284 $7,806 3.27%
37% 162 $33,790,000 $208,580 $8,117 3.42%
48% 153 $37,835,000 $247,288 $9,821 3.42%
46% 152 $36,260,000 $238,553 $9,733 3.36%
>60% 19 $5,615,000 $295,526 $11,810 2.74%

Southwest Funding Lp lent most frequently to those with DTI ratios of 30-36%, with 838 originations. The next most common DTI ratio? 20-30%, with 736 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 3,433 $812,715,000 $236,736 $9,372 3.36%
Black 1,203 $269,165,000 $223,745 $9,438 3.50%
Not provided 497 $122,585,000 $246,650 $12,084 3.37%
Asian 103 $26,785,000 $260,049 $8,019 3.19%
American Indian 12 $2,800,000 $233,333 $11,001 2.89%
Native Hawaiian 5 $1,465,000 $293,000 $10,855 3.10%
Asian Indian 2 $560,000 $280,000 $7,480 2.99%
Korean 1 $405,000 $405,000 $12,328 3.75%
Other Asian 1 $385,000 $385,000 $25,383 3.50%
Filipino 1 $225,000 $225,000 $5,048 3.13%

Approval Rates

Total approvals of all applications
98.81%

Southwest Funding Lp 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
86.37%

Southwest Funding Lp has an average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 5,258 $1,237,090,000 $235,278

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
5,258 $1,237,090,000 $235,278

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 79 $12,905,000 $163,354 $7,597 3.24%
40-60% 295 $60,665,000 $205,644 $8,093 3.14%
60-80% 1,060 $266,370,000 $251,292 $8,325 3.32%
80-100% 3,618 $853,030,000 $235,774 $10,013 3.48%
Over 100% 153 $42,335,000 $276,699 $14,679 3.48%
Under 20% 51 $1,265,000 $24,804 $3,674 0.19%

Complaints

Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
SOUTHWEST FUNDING, LP VA mortgage Applying for a mortgage or refinancing an existing mortgage 1 50.0%
SOUTHWEST FUNDING, LP FHA mortgage Applying for a mortgage or refinancing an existing mortgage 1 50.0%