Southwest Funding Lp Mortgage Rates, Fees & Info
DALLAS, TXLEI: 5493006P5IHSK77SZ855
Tax ID: 75-2674544
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Mortgage Data
Review & Overview
Southwest Funding Lp is a smaller mortgage company specializing in Home Purchase loans. They have a a high proportion of FHA loans. Southwest Funding Lp has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Dallas, Houston, Austin, Denver, and San Antonio among others. We have data for 203 markets. (Some data included below & more in-depth data is available with an active subscription.)Southwest Funding 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. Southwest Funding Lp 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 7.26% | 4/21/24 |
| 30 Year Conventional Refi | 6.69% | 4/21/24 |
| 30 Year Cash-out Refi | 6.93% | 4/21/24 |
| 30 Year FHA Purchase | 7.90% | 4/21/24 |
| 30 Year FHA Refi | 7.75% | 4/21/24 |
| 30 Year VA Purchase | 6.77% | 4/21/24 |
| 30 Year VA Refi | 6.28% | 4/21/24 |
| 30 Year USDA Purchase | 7.22% | 4/21/24 |
| 30 Year USDA Refi | 6.27% | 4/21/24 |
| 15 Year Conventional Purchase | 6.25% | 4/21/24 |
| 15 Year Conventional Refi | 6.16% | 4/21/24 |
| 15 Year Cash-out Refi | 6.16% | 4/21/24 |
| 15 Year VA Purchase | 6.86% | 4/21/24 |
| 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. | ||
Southwest Funding Lp Mortgage Calculator
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This is not an official calculator from Southwest Funding Lp. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
3,810Origination Dollar Volume (All Markets)
$744,950,000Awards
SOUTHWEST FUNDING LP - 2019
SOUTHWEST FUNDING LP is a 2019 , due to their low .
For 2019, 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) | 820 | $181,210,000 | $220,988 | $12,982 | 4.68% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 204 | $43,270,000 | $212,108 | $11,302 | 4.73% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 161 | $35,775,000 | $222,205 | $10,676 | 4.74% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 128 | $30,810,000 | $240,703 | $7,307 | 3.60% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 142 | $29,900,000 | $210,563 | $10,795 | 4.65% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 156 | $28,920,000 | $185,385 | $9,943 | 4.82% |
| LAREDO, TX (FHA|USDA|VA) | 133 | $25,595,000 | $192,444 | $9,049 | 4.53% |
| LONGVIEW, TX (FHA|USDA|VA) | 121 | $21,505,000 | $177,727 | $10,034 | 4.73% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 82 | $21,140,000 | $257,805 | $9,027 | 4.58% |
| Outside of Metro Areas | 134 | $20,760,000 | $154,925 | $7,445 | 4.69% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 110 | $19,820,000 | $180,182 | $9,973 | 4.83% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 102 | $18,960,000 | $185,882 | $7,725 | 4.73% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 72 | $16,180,000 | $224,722 | $6,219 | 4.36% |
| MIDLAND, TX (FHA|USDA|VA) | 63 | $15,235,000 | $241,825 | $11,355 | 4.59% |
| TUSCALOOSA, AL (FHA|USDA|VA) | 74 | $12,810,000 | $173,108 | $7,663 | 4.87% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 69 | $12,745,000 | $184,710 | $8,306 | 4.89% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 47 | $10,955,000 | $233,085 | $13,096 | 4.42% |
| Hobbs, NM (FHA|USDA|VA) | 45 | $9,645,000 | $214,333 | $8,872 | 4.79% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 51 | $7,755,000 | $152,059 | $8,037 | 4.58% |
| LAFAYETTE, LA (FHA|USDA|VA) | 48 | $7,550,000 | $157,292 | $7,303 | 4.78% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 37 | $7,445,000 | $201,216 | $7,754 | 4.69% |
| ODESSA, TX (FHA|USDA|VA) | 39 | $7,385,000 | $189,359 | $10,631 | 4.94% |
| BATON ROUGE, LA (FHA|USDA|VA) | 35 | $7,075,000 | $202,143 | $8,386 | 4.68% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 39 | $6,745,000 | $172,949 | $7,314 | 4.91% |
| KNOXVILLE, TN (FHA|USDA|VA) | 40 | $6,550,000 | $163,750 | $7,418 | 4.82% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 39 | $6,435,000 | $165,000 | $8,167 | 5.10% |
| COLUMBIA, SC (FHA|USDA|VA) | 26 | $4,800,000 | $184,615 | $7,235 | 4.46% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 21 | $4,765,000 | $226,905 | $9,615 | 4.34% |
| FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) | 32 | $4,710,000 | $147,188 | $6,445 | 4.73% |
| EL PASO, TX (FHA|USDA|VA) | 34 | $4,580,000 | $134,706 | $8,681 | 4.97% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 29 | $4,535,000 | $156,379 | $6,546 | 4.89% |
| Mount Pleasant, TX (FHA|USDA|VA) | 33 | $4,515,000 | $136,818 | $8,103 | 4.61% |
| LOUISVILLE, KY (FHA|USDA|VA) | 21 | $3,975,000 | $189,286 | $6,352 | 4.87% |
| SPARTANBURG, SC (FHA|USDA|VA) | 23 | $3,575,000 | $155,435 | $7,059 | 4.74% |
| MOBILE, AL (FHA|USDA|VA) | 24 | $3,540,000 | $147,500 | $6,474 | 4.53% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 19 | $3,425,000 | $180,263 | $7,161 | 4.73% |
| BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) | 23 | $3,235,000 | $140,652 | $9,208 | 4.48% |
| TULSA, OK (FHA|USDA|VA) | 15 | $2,945,000 | $196,333 | $8,867 | 4.42% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 15 | $2,525,000 | $168,333 | $6,709 | 4.32% |
| Carlsbad-Artesia, NM (FHA|USDA|VA) | 11 | $2,515,000 | $228,636 | $8,278 | 4.78% |
| DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) | 21 | $2,465,000 | $117,381 | $5,244 | 4.72% |
| SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) | 15 | $2,375,000 | $158,333 | $8,774 | 5.15% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 13 | $2,245,000 | $172,692 | $8,473 | 4.76% |
| London, KY (FHA|USDA|VA) | 14 | $1,900,000 | $135,714 | $5,932 | 4.28% |
| HOUMA-THIBODAUX, LA (FHA|USDA|VA) | 12 | $1,890,000 | $157,500 | $7,750 | 4.54% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 9 | $1,875,000 | $208,333 | $11,773 | 5.05% |
| Talladega-Sylacauga, AL (FHA|USDA|VA) | 11 | $1,835,000 | $166,818 | $7,180 | 4.69% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 6 | $1,760,000 | $293,333 | $8,393 | 4.48% |
| GREELEY, CO (FHA|USDA|VA) | 9 | $1,755,000 | $195,000 | $6,880 | 3.15% |
| ANNISTON-OXFORD, AL (FHA|USDA|VA) | 12 | $1,660,000 | $138,333 | $6,435 | 4.26% |
| HAMMOND, LA (FHA|USDA|VA) | 11 | $1,655,000 | $150,455 | $7,428 | 4.78% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 9 | $1,595,000 | $177,222 | $6,945 | 4.78% |
| LUBBOCK, TX (FHA|USDA|VA) | 9 | $1,495,000 | $166,111 | $9,539 | 5.30% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 6 | $1,440,000 | $240,000 | $12,919 | 5.22% |
| FORT WAYNE, IN (FHA|USDA|VA) | 8 | $1,290,000 | $161,250 | $7,085 | 5.63% |
| Opelousas, LA (FHA|USDA|VA) | 7 | $1,195,000 | $170,714 | $7,540 | 4.61% |
| Andrews, TX (FHA|USDA|VA) | 5 | $1,145,000 | $229,000 | $12,529 | 5.48% |
| Del Rio, TX (FHA|USDA|VA) | 6 | $1,140,000 | $190,000 | $10,688 | 4.79% |
| VICTORIA, TX (FHA|USDA|VA) | 5 | $1,125,000 | $225,000 | $13,105 | 4.35% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 5 | $1,115,000 | $223,000 | $11,626 | 4.35% |
| Montrose, CO (FHA|USDA|VA) | 7 | $1,115,000 | $159,286 | $6,740 | 4.21% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 6 | $1,110,000 | $185,000 | $8,107 | 4.50% |
| SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) | 7 | $1,085,000 | $155,000 | $4,865 | 4.75% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 6 | $1,070,000 | $178,333 | $9,217 | 4.53% |
| SAGINAW, MI (FHA|USDA|VA) | 6 | $980,000 | $163,333 | $8,198 | 4.24% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 7 | $975,000 | $139,286 | $6,744 | 4.81% |
| TYLER, TX (FHA|USDA|VA) | 6 | $960,000 | $160,000 | $7,490 | 5.28% |
| MONROE, LA (FHA|USDA|VA) | 5 | $915,000 | $183,000 | $6,142 | 5.06% |
| GRAND JUNCTION, CO (FHA|USDA|VA) | 7 | $905,000 | $129,286 | $6,737 | 3.60% |
| Tullahoma-Manchester, TN (FHA|USDA|VA) | 6 | $900,000 | $150,000 | $8,321 | 4.79% |
| Muscatine, IA (FHA|USDA|VA) | 8 | $900,000 | $112,500 | $4,377 | 4.66% |
| LEXINGTON-FAYETTE, KY (FHA|USDA|VA) | 5 | $825,000 | $165,000 | $7,594 | 5.30% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 5 | $815,000 | $163,000 | $8,773 | 4.46% |
| JACKSON, TN (FHA|USDA|VA) | 6 | $780,000 | $130,000 | $7,564 | 4.78% |
| Athens, TX (FHA|USDA|VA) | 4 | $770,000 | $192,500 | $8,792 | 4.74% |
| KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) | 4 | $690,000 | $172,500 | $7,170 | 4.79% |
| FORT COLLINS, CO (FHA|USDA|VA) | 2 | $650,000 | $325,000 | $9,388 | 3.92% |
| Gainesville, TX (FHA|USDA|VA) | 4 | $650,000 | $162,500 | $9,878 | 3.73% |
| Sevierville, TN (FHA|USDA|VA) | 4 | $630,000 | $157,500 | $6,762 | 5.06% |
| MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) | 5 | $625,000 | $125,000 | $8,426 | 4.59% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 3 | $625,000 | $208,333 | $8,014 | 3.83% |
| OWENSBORO, KY (FHA|USDA|VA) | 3 | $535,000 | $178,333 | $7,848 | 5.23% |
| Paducah, KY-IL (FHA|USDA|VA) | 4 | $520,000 | $130,000 | $7,100 | 5.17% |
| Warrensburg, MO (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $10,624 | 4.44% |
| GADSDEN, AL (FHA|USDA|VA) | 4 | $510,000 | $127,500 | $6,192 | 4.34% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 3 | $495,000 | $165,000 | $8,248 | 5.13% |
| Silver City, NM (FHA|USDA|VA) | 3 | $485,000 | $161,667 | $6,984 | 4.79% |
| WACO, TX (FHA|USDA|VA) | 3 | $465,000 | $155,000 | $8,856 | 4.54% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 3 | $465,000 | $155,000 | $7,333 | 4.32% |
| BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $9,468 | 4.06% |
| MORRISTOWN, TN (FHA|USDA|VA) | 3 | $455,000 | $151,667 | $5,956 | 4.92% |
| Athens, TN (FHA|USDA|VA) | 3 | $455,000 | $151,667 | $7,666 | 5.17% |
| Big Spring, TX (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $9,232 | 5.38% |
| Greeneville, TN (FHA|USDA|VA) | 4 | $400,000 | $100,000 | $6,271 | 4.19% |
| JOHNSON CITY, TN (FHA|USDA|VA) | 3 | $395,000 | $131,667 | $6,839 | 5.54% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $9,716 | 4.06% |
| Lawrenceburg, TN (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $8,736 | 4.94% |
| DOTHAN, AL (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $6,142 | 4.75% |
| Winona, MN (FHA|USDA|VA) | 3 | $365,000 | $121,667 | $5,128 | 4.02% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 3 | $365,000 | $121,667 | $8,050 | 4.31% |
| CLEVELAND, TN (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $11,037 | 5.19% |
| ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $7,679 | 4.13% |
| Shelbyville, TN (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $10,266 | 5.50% |
| KAHULUI-WAILUKU-LAHAINA, HI (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $10,330 | 3.55% |
| Dyersburg, TN (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $8,793 | 5.56% |
| Sturgis, MI (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $6,239 | 4.87% |
| Martin, TN (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $7,773 | 4.88% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $13,119 | 5.13% |
| Greenwood, SC (FHA|USDA|VA) | 3 | $315,000 | $105,000 | $6,037 | 4.93% |
| Union, SC (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $8,325 | 5.15% |
| EVANSVILLE, IN-KY (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $6,928 | 4.88% |
| Bluffton, IN (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $4,655 | 3.88% |
| Stephenville, TX (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $15,912 | 3.95% |
| Warsaw, IN (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $5,858 | 4.75% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $10,042 | 3.88% |
| Glasgow, KY (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $6,469 | 5.13% |
| Decatur, IN (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $5,778 | 4.41% |
| DeRidder, LA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $12,205 | 4.13% |
| Bonham, TX (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $9,229 | 4.47% |
| Sulphur Springs, TX (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $9,176 | 4.63% |
| MIDLAND, MI (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $7,716 | 4.94% |
| Mineral Wells, TX (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $17,247 | 5.60% |
| Crossville, TN (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $6,566 | 5.35% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $8,672 | 4.71% |
| CEDAR RAPIDS, IA (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $5,725 | 4.31% |
| Natchitoches, LA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $10,149 | 5.75% |
| Logansport, IN (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $9,766 | 3.63% |
| Las Vegas, NM (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $6,085 | 3.88% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $5,465 | 4.04% |
| Union City, TN (FHA|USDA|VA) | 3 | $245,000 | $81,667 | $5,301 | 4.94% |
| Atmore, AL (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $5,766 | 5.16% |
| LA CROSSE-ONALASKA, WI-MN (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $12,310 | 4.05% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $8,543 | 3.88% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $7,973 | 4.94% |
| Danville, KY (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $5,566 | 4.06% |
| Cañon City, CO (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $8,739 | 2.50% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $11,196 | 5.20% |
| Ozark, AL (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $8,950 | 3.50% |
| Jacksonville, TX (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $11,431 | 3.38% |
| MANKATO, MN (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $6,892 | 3.90% |
| Wabash, IN (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $4,476 | 4.31% |
| Kendallville, IN (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $7,788 | 4.25% |
| McMinnville, TN (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $10,936 | 4.25% |
| Marion, IN (FHA|USDA|VA) | 2 | $200,000 | $100,000 | $7,209 | 4.38% |
| Lewisburg, TN (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $9,114 | 5.63% |
| KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $6,251 | 5.13% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $9,959 | 4.55% |
| Ada, OK (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $6,809 | 4.25% |
| Holland, MI (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $5,644 | 4.26% |
| Bedford, IN (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,468 | 4.38% |
| Georgetown, SC (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $10,095 | 5.13% |
| Bay City, TX (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $13,680 | 3.75% |
| Madisonville, KY (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $8,511 | 5.63% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $7,887 | 3.99% |
| OCALA, FL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $7,603 | 5.13% |
| Minden, LA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $7,764 | 4.99% |
| Mount Sterling, KY (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $10,403 | 5.13% |
| LAS CRUCES, NM (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $4,754 | 4.05% |
| North Vernon, IN (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $8,722 | 4.63% |
| ABILENE, TX (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $8,270 | 3.99% |
| Greensburg, IN (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $4,805 | 4.13% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $11,515 | 5.63% |
| SANTA FE, NM (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,830 | 4.63% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $6,378 | 5.20% |
| DECATUR, AL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $7,322 | 5.20% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $7,433 | 5.63% |
| Palestine, TX (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $6,923 | 5.13% |
| SAN ANGELO, TX (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $6,806 | 4.05% |
| NILES, MI (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $7,100 | 4.13% |
| Alexander City, AL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $6,839 | 5.63% |
| Mayfield, KY (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $7,078 | 5.50% |
| Paragould, AR (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $4,337 | 5.13% |
| SUMTER, SC (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $7,971 | 4.30% |
| FLORENCE, SC (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $6,466 | 5.00% |
| Bennettsville, SC (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $7,544 | 5.25% |
| PANAMA CITY, FL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $7,550 | 5.13% |
| Arcadia, FL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $7,050 | 4.13% |
| PUEBLO, CO (FHA|USDA|VA) | 2 | $130,000 | $65,000 | $4,848 | 2.68% |
| Cullman, AL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $7,891 | 3.63% |
| Seneca, SC (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $5,711 | 4.13% |
| Portsmouth, OH (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $6,598 | 5.00% |
| FORT SMITH, AR-OK (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $5,810 | 4.38% |
| Cambridge, OH (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $4,394 | 4.13% |
| Paris, TX (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $9,019 | 3.99% |
| SEBRING-AVON PARK, FL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $1,756 | 5.20% |
| Somerset, KY (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $4,173 | 3.99% |
| BAY CITY, MI (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $6,833 | 4.63% |
| Levelland, TX (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $10,705 | 5.63% |
| LANSING-EAST LANSING, MI (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $8,473 | 4.75% |
| Plymouth, IN (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $4,470 | 4.88% |
| Middlesborough, KY (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $6,979 | 5.13% |
| Cookeville, TN (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $5,502 | 4.63% |
| LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $3,974 | 3.63% |
| Granbury, TX (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $4,951 | 3.99% |
| Seymour, IN (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $4,479 | 4.00% |
| AMARILLO, TX (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $11,251 | 5.63% |
| Uvalde, TX (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $7,908 | 5.63% |
| MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $3,214 | 4.95% |
| JACKSON, MS (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $3,541 | 5.20% |
| Auburn, IN (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $2,963 | 5.38% |
| KOKOMO, IN (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $4,581 | 4.75% |
| Huntington, IN (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $4,597 | 5.50% |
| SPRINGFIELD, MO (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $3,889 | 5.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against SOUTHWEST FUNDING 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 2019, Southwest Funding Lp's most frequently originated type of loan was FHA, with 1,730 originations. Their 2nd most popular type was Conventional, with 1,580 originations.
Loan Reason
For 2019, Southwest Funding Lp's most frequently cited loan purpose was Home Purchase, with 3,244 originations. The 2nd most popular reason was Refi, with 289 originations.
Loan Duration/Length
For 2019, Southwest Funding Lp's most frequently cited loan duration was 30 Year, with 3,665 originations. The 2nd most popular length was 15 Year, with 112 originations.
Origination Fees/Closing Costs
Southwest Funding Lp's average total fees were $9,789, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 2,886 originations.
Interest Rates
During 2019, Southwest Funding Lp's average interest rate for loans was 4.68%, while their most frequently originated rate bucket for loans was 4-5%, with 1,641 originations.
Loan Sizing
2019 saw Southwest Funding Lp place emphasis on $100k-200k loans with 1,913 originations, totaling $293,525,000 in origination value.
Applicant Income
Southwest Funding Lp lent most frequently to those with incomes in the $50k-75k range, with 1,307 originations. The second most popular income band? $50k or less, with 1,041 originations.
Applicant Debt to Income Ratio
Southwest Funding Lp lent most frequently to those with DTI ratios of 30-36%, with 598 originations. The next most common DTI ratio? 50-60%, with 529 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.86%
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 origination87.51%
Southwest Funding Lp has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 1993.0 | 1 | $135,000 | $135,000 |
| NA | 3,809 | $744,815,000 | $195,541 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 3,810 | $744,950,000 | $195,525 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| SOUTHWEST FUNDING, LP | FHA mortgage | Closing on a mortgage | 1 | 100.0% |