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 small mortgage company specializing in Home Purchase and Refi 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 by origination volume include: Dallas, San Antonio, Austin, New Orleans, and Houston among others. We have data for 232 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
---|---|---|
30 Year Conventional Purchase | 7.26% | 10/13/24 |
30 Year Conventional Refi | 6.69% | 10/13/24 |
30 Year Cash-out Refi | 6.93% | 10/13/24 |
30 Year FHA Purchase | 7.90% | 10/13/24 |
30 Year FHA Refi | 7.75% | 10/13/24 |
30 Year VA Purchase | 6.77% | 10/13/24 |
30 Year VA Refi | 6.28% | 10/13/24 |
30 Year USDA Purchase | 7.22% | 10/13/24 |
30 Year USDA Refi | 6.27% | 10/13/24 |
15 Year Conventional Purchase | 6.25% | 10/13/24 |
15 Year Conventional Refi | 6.16% | 10/13/24 |
15 Year Cash-out Refi | 6.16% | 10/13/24 |
15 Year VA Purchase | 6.86% | 10/13/24 |
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
5,131Origination Dollar Volume (All Markets)
$1,113,485,000Top 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) | 1,094 | $264,650,000 | $241,910 | $12,371 | 3.46% |
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 357 | $89,925,000 | $251,891 | $10,288 | 3.46% |
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 217 | $56,945,000 | $262,419 | $11,220 | 3.48% |
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 243 | $45,765,000 | $188,333 | $9,407 | 3.78% |
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 183 | $42,985,000 | $234,891 | $10,823 | 3.56% |
MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 166 | $33,690,000 | $202,952 | $9,383 | 3.71% |
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 126 | $33,530,000 | $266,111 | $7,112 | 2.72% |
Outside of Metro Areas | 159 | $32,555,000 | $204,748 | $8,495 | 3.63% |
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 109 | $30,175,000 | $276,835 | $8,813 | 3.59% |
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 138 | $28,370,000 | $205,580 | $7,392 | 3.72% |
LONGVIEW, TX (FHA|USDA|VA) | 146 | $28,180,000 | $193,014 | $9,108 | 3.65% |
CLARKSVILLE, TN-KY (FHA|USDA|VA) | 136 | $27,070,000 | $199,044 | $9,257 | 4.06% |
LAREDO, TX (FHA|USDA|VA) | 118 | $23,760,000 | $201,356 | $9,118 | 3.57% |
TUSCALOOSA, AL (FHA|USDA|VA) | 110 | $23,150,000 | $210,455 | $7,954 | 3.62% |
ALBUQUERQUE, NM (FHA|USDA|VA) | 53 | $16,665,000 | $314,434 | $6,988 | 3.24% |
OKLAHOMA CITY, OK (FHA|USDA|VA) | 76 | $15,100,000 | $198,684 | $8,183 | 3.38% |
SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) | 71 | $13,395,000 | $188,662 | $8,713 | 3.95% |
LAFAYETTE, LA (FHA|USDA|VA) | 69 | $12,385,000 | $179,493 | $7,960 | 3.85% |
LOUISVILLE, KY (FHA|USDA|VA) | 59 | $12,215,000 | $207,034 | $5,927 | 3.60% |
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 67 | $11,895,000 | $177,537 | $8,689 | 4.04% |
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 57 | $11,075,000 | $194,298 | $8,696 | 3.86% |
Mount Pleasant, TX (FHA|USDA|VA) | 67 | $11,055,000 | $165,000 | $8,293 | 3.47% |
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 55 | $10,435,000 | $189,727 | $6,104 | 3.54% |
HUNTSVILLE, AL (FHA|USDA|VA) | 44 | $9,500,000 | $215,909 | $6,398 | 3.31% |
HOUMA-THIBODAUX, LA (FHA|USDA|VA) | 55 | $9,395,000 | $170,818 | $8,287 | 3.66% |
Hobbs, NM (FHA|USDA|VA) | 46 | $9,150,000 | $198,913 | $8,788 | 3.77% |
MIDLAND, TX (FHA|USDA|VA) | 38 | $9,080,000 | $238,947 | $9,902 | 3.76% |
BATON ROUGE, LA (FHA|USDA|VA) | 42 | $8,650,000 | $205,952 | $7,759 | 3.67% |
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 39 | $7,715,000 | $197,821 | $6,859 | 3.74% |
FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) | 47 | $7,265,000 | $154,574 | $5,544 | 3.72% |
CHATTANOOGA, TN-GA (FHA|USDA|VA) | 38 | $7,000,000 | $184,211 | $5,912 | 3.46% |
TULSA, OK (FHA|USDA|VA) | 38 | $7,000,000 | $184,211 | $8,075 | 3.49% |
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 25 | $6,385,000 | $255,400 | $11,717 | 3.54% |
SPARTANBURG, SC (FHA|USDA|VA) | 34 | $6,130,000 | $180,294 | $7,812 | 4.16% |
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 31 | $5,975,000 | $192,742 | $8,451 | 3.76% |
EL PASO, TX (FHA|USDA|VA) | 33 | $5,795,000 | $175,606 | $10,566 | 3.69% |
VICTORIA, TX (FHA|USDA|VA) | 26 | $5,300,000 | $203,846 | $8,354 | 3.77% |
COLUMBIA, SC (FHA|USDA|VA) | 29 | $5,275,000 | $181,897 | $7,551 | 3.86% |
ANNISTON-OXFORD, AL (FHA|USDA|VA) | 35 | $5,225,000 | $149,286 | $7,101 | 3.64% |
Carlsbad-Artesia, NM (FHA|USDA|VA) | 19 | $4,105,000 | $216,053 | $7,390 | 3.86% |
COLORADO SPRINGS, CO (FHA|USDA|VA) | 15 | $3,945,000 | $263,000 | $8,137 | 3.04% |
GREELEY, CO (FHA|USDA|VA) | 16 | $3,930,000 | $245,625 | $8,209 | 2.61% |
ODESSA, TX (FHA|USDA|VA) | 18 | $3,780,000 | $210,000 | $10,107 | 4.10% |
CORPUS CHRISTI, TX (FHA|USDA|VA) | 16 | $3,630,000 | $226,875 | $10,394 | 3.57% |
KNOXVILLE, TN (FHA|USDA|VA) | 22 | $3,470,000 | $157,727 | $6,241 | 4.16% |
MONROE, LA (FHA|USDA|VA) | 15 | $3,245,000 | $216,333 | $7,218 | 3.67% |
BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) | 22 | $2,950,000 | $134,091 | $9,854 | 3.81% |
HAMMOND, LA (FHA|USDA|VA) | 13 | $2,685,000 | $206,538 | $8,727 | 3.92% |
KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 16 | $2,490,000 | $155,625 | $6,844 | 3.59% |
KAHULUI-WAILUKU-LAHAINA, HI (FHA|USDA|VA) | 5 | $2,405,000 | $481,000 | $8,679 | 2.96% |
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 10 | $2,350,000 | $235,000 | $10,925 | 3.36% |
TYLER, TX (FHA|USDA|VA) | 10 | $2,140,000 | $214,000 | $8,796 | 3.64% |
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 9 | $2,105,000 | $233,889 | $11,687 | 3.54% |
FORT WAYNE, IN (FHA|USDA|VA) | 13 | $2,055,000 | $158,077 | $5,870 | 3.75% |
MOBILE, AL (FHA|USDA|VA) | 15 | $2,025,000 | $135,000 | $6,835 | 4.10% |
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 7 | $1,935,000 | $276,429 | $15,881 | 4.43% |
DECATUR, AL (FHA|USDA|VA) | 9 | $1,855,000 | $206,111 | $6,374 | 3.18% |
GADSDEN, AL (FHA|USDA|VA) | 9 | $1,655,000 | $183,889 | $7,733 | 3.77% |
MONTGOMERY, AL (FHA|USDA|VA) | 6 | $1,490,000 | $248,333 | $6,751 | 3.69% |
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 11 | $1,405,000 | $127,727 | $5,690 | 4.32% |
SHERMAN-DENISON, TX (FHA|USDA|VA) | 7 | $1,365,000 | $195,000 | $8,943 | 3.45% |
LUBBOCK, TX (FHA|USDA|VA) | 5 | $1,215,000 | $243,000 | $11,602 | 3.62% |
Athens, TX (FHA|USDA|VA) | 5 | $1,195,000 | $239,000 | $10,173 | 3.54% |
Opelousas, LA (FHA|USDA|VA) | 7 | $1,175,000 | $167,857 | $7,098 | 3.93% |
Gainesville, TX (FHA|USDA|VA) | 5 | $1,075,000 | $215,000 | $8,728 | 4.20% |
FORT COLLINS, CO (FHA|USDA|VA) | 3 | $1,065,000 | $355,000 | $9,355 | 2.75% |
GAINESVILLE, FL (FHA|USDA|VA) | 6 | $930,000 | $155,000 | $124,818 | 3.42% |
Talladega-Sylacauga, AL (FHA|USDA|VA) | 4 | $920,000 | $230,000 | $6,950 | 3.56% |
PORT ST. LUCIE, FL (FHA|USDA|VA) | 4 | $920,000 | $230,000 | $18,392 | 3.78% |
SAGINAW, MI (FHA|USDA|VA) | 6 | $920,000 | $153,333 | $8,449 | 3.96% |
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 4 | $890,000 | $222,500 | $12,623 | 3.22% |
PUNTA GORDA, FL (FHA|USDA|VA) | 3 | $885,000 | $295,000 | $13,043 | 3.33% |
CLEVELAND, TN (FHA|USDA|VA) | 7 | $875,000 | $125,000 | $5,964 | 3.61% |
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 3 | $865,000 | $288,333 | $7,463 | 4.10% |
BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) | 5 | $865,000 | $173,000 | $10,597 | 3.15% |
Muscatine, IA (FHA|USDA|VA) | 6 | $840,000 | $140,000 | $5,942 | 4.02% |
CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 5 | $755,000 | $151,000 | $5,103 | 3.70% |
PANAMA CITY, FL (FHA|USDA|VA) | 4 | $750,000 | $187,500 | $7,274 | 4.00% |
Del Rio, TX (FHA|USDA|VA) | 6 | $750,000 | $125,000 | $7,174 | 4.03% |
WACO, TX (FHA|USDA|VA) | 4 | $740,000 | $185,000 | $9,775 | 3.66% |
FLINT, MI (FHA|USDA|VA) | 5 | $735,000 | $147,000 | $8,300 | 3.65% |
Granbury, TX (FHA|USDA|VA) | 3 | $725,000 | $241,667 | $9,473 | 4.04% |
Alexander City, AL (FHA|USDA|VA) | 2 | $720,000 | $360,000 | $10,405 | 3.31% |
Fort Morgan, CO (FHA|USDA|VA) | 4 | $720,000 | $180,000 | $7,472 | 2.69% |
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 4 | $710,000 | $177,500 | $6,969 | 3.97% |
LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) | 2 | $710,000 | $355,000 | $11,134 | 3.69% |
MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) | 5 | $705,000 | $141,000 | $7,779 | 3.73% |
Martin, TN (FHA|USDA|VA) | 5 | $695,000 | $139,000 | $6,346 | 3.73% |
Shelbyville, TN (FHA|USDA|VA) | 4 | $690,000 | $172,500 | $7,495 | 4.17% |
Tullahoma-Manchester, TN (FHA|USDA|VA) | 4 | $690,000 | $172,500 | $8,444 | 4.06% |
AUBURN-OPELIKA, AL (FHA|USDA|VA) | 3 | $665,000 | $221,667 | $7,750 | 3.67% |
Minden, LA (FHA|USDA|VA) | 4 | $660,000 | $165,000 | $8,246 | 4.41% |
MIDLAND, MI (FHA|USDA|VA) | 3 | $655,000 | $218,333 | $8,407 | 4.04% |
Greensburg, IN (FHA|USDA|VA) | 4 | $650,000 | $162,500 | $6,535 | 4.34% |
COLUMBUS, OH (FHA|USDA|VA) | 2 | $640,000 | $320,000 | $13,435 | 3.19% |
Fredericksburg, TX (FHA|USDA|VA) | 2 | $630,000 | $315,000 | $9,930 | 3.23% |
Kendallville, IN (FHA|USDA|VA) | 3 | $625,000 | $208,333 | $8,510 | 4.13% |
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 2 | $620,000 | $310,000 | $13,967 | 3.75% |
Atmore, AL (FHA|USDA|VA) | 6 | $600,000 | $100,000 | $5,181 | 4.35% |
DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) | 3 | $585,000 | $195,000 | $7,195 | 3.67% |
MORRISTOWN, TN (FHA|USDA|VA) | 4 | $580,000 | $145,000 | $7,112 | 4.00% |
Rockport, TX (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $13,492 | 3.44% |
Cullman, AL (FHA|USDA|VA) | 4 | $570,000 | $142,500 | $5,547 | 4.09% |
LEXINGTON-FAYETTE, KY (FHA|USDA|VA) | 3 | $565,000 | $188,333 | $7,734 | 3.63% |
Port Lavaca, TX (FHA|USDA|VA) | 2 | $550,000 | $275,000 | $10,555 | 4.00% |
Stillwater, OK (FHA|USDA|VA) | 4 | $550,000 | $137,500 | $7,841 | 3.53% |
ROCHESTER, MN (FHA|USDA|VA) | 3 | $545,000 | $181,667 | $6,247 | 3.25% |
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 4 | $530,000 | $132,500 | $7,872 | 4.09% |
GRAND JUNCTION, CO (FHA|USDA|VA) | 3 | $525,000 | $175,000 | $4,977 | 1.96% |
Albertville, AL (FHA|USDA|VA) | 3 | $525,000 | $175,000 | $5,630 | 3.16% |
Union, SC (FHA|USDA|VA) | 4 | $500,000 | $125,000 | $5,789 | 4.50% |
Sevierville, TN (FHA|USDA|VA) | 3 | $495,000 | $165,000 | $7,531 | 4.04% |
JACKSONVILLE, FL (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $10,533 | 3.63% |
McAlester, OK (FHA|USDA|VA) | 3 | $475,000 | $158,333 | $7,441 | 4.00% |
Bonham, TX (FHA|USDA|VA) | 3 | $475,000 | $158,333 | $7,974 | 3.58% |
Ada, OK (FHA|USDA|VA) | 3 | $465,000 | $155,000 | $8,602 | 4.50% |
Shawnee, OK (FHA|USDA|VA) | 3 | $455,000 | $151,667 | $7,405 | 3.54% |
WICHITA, KS (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $4,425 | 3.13% |
Seneca, SC (FHA|USDA|VA) | 3 | $435,000 | $145,000 | $6,909 | 4.46% |
Stephenville, TX (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $8,714 | 4.00% |
Athens, TN (FHA|USDA|VA) | 3 | $425,000 | $141,667 | $8,205 | 4.50% |
Durango, CO (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $15,112 | 4.63% |
JACKSON, TN (FHA|USDA|VA) | 3 | $405,000 | $135,000 | $7,737 | 4.21% |
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $9,238 | 3.19% |
BAY CITY, MI (FHA|USDA|VA) | 4 | $390,000 | $97,500 | $7,131 | 4.22% |
KANSAS CITY, MO-KS (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $17,526 | 3.25% |
Winona, MN (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $4,580 | 3.56% |
Bardstown, KY (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $6,201 | 3.63% |
Cookeville, TN (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $8,220 | 4.25% |
FLORENCE, SC (FHA|USDA|VA) | 3 | $365,000 | $121,667 | $6,871 | 4.21% |
BOULDER, CO (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $6,689 | 3.38% |
SUMTER, SC (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $10,080 | 3.81% |
Lewisburg, TN (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $8,788 | 3.37% |
Morgan City, LA (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $9,552 | 4.00% |
Mineral Wells, TX (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $8,744 | 4.12% |
Cullowhee, NC (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $6,890 | 3.38% |
AMARILLO, TX (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $11,350 | 2.88% |
Union City, TN (FHA|USDA|VA) | 3 | $335,000 | $111,667 | $5,945 | 4.19% |
Russellville, AR (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $16,083 | 3.50% |
Eagle Pass, TX (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $8,784 | 3.50% |
Sulphur Springs, TX (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $8,199 | 4.25% |
Warsaw, IN (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $5,067 | 4.81% |
Corsicana, TX (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $9,718 | 4.00% |
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $8,098 | 2.88% |
Pecos, TX (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $15,543 | 3.88% |
Jasper, AL (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $11,502 | 3.75% |
North Vernon, IN (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $6,327 | 3.50% |
ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $5,439 | 3.75% |
Jasper, IN (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $5,842 | 4.06% |
SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) | 3 | $315,000 | $105,000 | $5,946 | 4.58% |
Natchitoches, LA (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $15,483 | 4.00% |
El Campo, TX (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $10,184 | 3.94% |
WAUSAU-WESTON, WI (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $15,932 | 4.25% |
RACINE, WI (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $10,763 | 4.13% |
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $6,609 | 4.38% |
ELKHART-GOSHEN, IN (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $6,286 | 4.00% |
Dyersburg, TN (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $5,981 | 4.25% |
Montrose, CO (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $7,943 | 2.38% |
SAN ANGELO, TX (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $10,578 | 3.68% |
Auburn, IN (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $5,980 | 4.00% |
Las Vegas, NM (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $8,422 | 3.25% |
Jacksonville, TX (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $11,968 | 3.50% |
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $12,430 | 4.13% |
CaƱon City, CO (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $7,455 | 2.88% |
Iron Mountain, MI-WI (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $7,131 | 3.50% |
OCALA, FL (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $12,859 | 3.75% |
Crossville, TN (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $5,987 | 3.81% |
JOHNSON CITY, TN (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $9,604 | 4.75% |
Newberry, SC (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $11,083 | 5.55% |
Brownwood, TX (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $14,295 | 3.13% |
IOWA CITY, IA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $6,542 | 3.25% |
ST. LOUIS, MO-IL (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $8,077 | 4.63% |
Andrews, TX (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $12,630 | 3.75% |
Dayton, TN (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $5,871 | 3.50% |
Scottsboro, AL (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $5,965 | 3.94% |
COLUMBUS, IN (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $8,983 | 3.25% |
BLOOMINGTON, IN (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $6,749 | 3.50% |
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $9,567 | 4.25% |
LANSING-EAST LANSING, MI (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $10,818 | 4.25% |
LAWTON, OK (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $5,490 | 3.75% |
RALEIGH-CARY, NC (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $6,337 | 3.50% |
Richmond-Berea, KY (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $5,526 | 2.88% |
JOPLIN, MO (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $11,848 | 4.75% |
Tahlequah, OK (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $6,829 | 3.38% |
Durant, OK (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $5,252 | 3.88% |
Sturgis, MI (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $5,628 | 3.88% |
Hereford, TX (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $10,948 | 3.75% |
Greenwood, SC (FHA|USDA|VA) | 2 | $180,000 | $90,000 | $5,168 | 3.50% |
Lake City, FL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $8,884 | 3.50% |
OWENSBORO, KY (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $5,675 | 3.38% |
Madisonville, KY (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $9,248 | 3.88% |
EspaƱola, NM (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $5,229 | 2.63% |
Sebastian-Vero Beach, FL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $11,648 | 3.75% |
Brainerd, MN (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $4,514 | 2.88% |
Lawrenceburg, TN (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $8,043 | 3.88% |
KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $8,198 | 3.25% |
Sweetwater, TX (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $5,571 | 2.88% |
ST. CLOUD, MN (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $4,736 | 2.88% |
LAS CRUCES, NM (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,646 | 2.75% |
Ontario, OR-ID (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,086 | 3.13% |
BOWLING GREEN, KY (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $8,229 | 4.63% |
LAKE CHARLES, LA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $8,332 | 4.25% |
Ruidoso, NM (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,885 | 3.49% |
Mayfield, KY (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $7,536 | 4.50% |
Enterprise, AL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $5,837 | 3.63% |
Murray, KY (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $8,132 | 2.88% |
Sandusky, OH (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $7,218 | 4.63% |
Georgetown, SC (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $7,355 | 3.25% |
Helena, MT (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $8,147 | 4.25% |
Fort Payne, AL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $5,350 | 4.25% |
Glasgow, KY (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $7,697 | 4.50% |
GULFPORT-BILOXI, MS (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $8,106 | 2.50% |
KOKOMO, IN (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,575 | 3.25% |
Paducah, KY-IL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $6,513 | 3.25% |
TALLAHASSEE, FL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $5,994 | 2.88% |
Frankfort, IN (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $5,223 | 3.50% |
Orangeburg, SC (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $7,818 | 4.00% |
Palestine, TX (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $6,810 | 3.00% |
Seymour, IN (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $4,950 | 4.25% |
Bogalusa, LA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $6,932 | 4.13% |
Forrest City, AR (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $6,523 | 3.75% |
Sterling, CO (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $4,496 | 2.99% |
Searcy, AR (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $6,315 | 3.50% |
Pampa, TX (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $8,483 | 3.55% |
Newport, TN (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $5,841 | 4.75% |
EVANSVILLE, IN-KY (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,622 | 3.63% |
Logansport, IN (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $5,543 | 4.00% |
Decatur, IN (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $5,709 | 3.63% |
MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $5,354 | 4.75% |
Levelland, TX (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $14,712 | 4.75% |
Corinth, MS (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $6,492 | 4.50% |
Snyder, TX (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $3,912 | 3.99% |
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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 2020, Southwest Funding Lp's most frequently originated type of loan was Conventional, with 2,393 originations. Their 2nd most popular type was FHA, with 2,044 originations.
Loan Reason
For 2020, Southwest Funding Lp's most frequently cited loan purpose was Home Purchase, with 3,528 originations. The 2nd most popular reason was Refi, with 1,230 originations.
Loan Duration/Length
For 2020, Southwest Funding Lp's most frequently cited loan duration was 30 Year, with 4,772 originations. The 2nd most popular length was 15 Year, with 281 originations.
Origination Fees/Closing Costs
Southwest Funding Lp's average total fees were $9,841, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 4,036 originations.
Interest Rates
During 2020, Southwest Funding Lp's average interest rate for loans was 3.64%, while their most frequently originated rate bucket for loans was 3-4%, with 2,828 originations.
Loan Sizing
2020 saw Southwest Funding Lp place emphasis on $100k-200k loans with 2,301 originations, totaling $358,455,000 in origination value.
Applicant Income
Southwest Funding Lp lent most frequently to those with incomes in the $50k-75k range, with 1,605 originations. The second most popular income band? $50k or less, with 1,283 originations.
Applicant Debt to Income Ratio
Southwest Funding Lp lent most frequently to those with DTI ratios of 20-30%, with 790 originations. The next most common DTI ratio? 30-36%, with 782 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications99.12%
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 origination86.75%
Southwest Funding Lp has an average pick rate.
Points and Fees
Points | Originations | Total Value | Average Loan |
---|---|---|---|
NA | 5,131 | $1,113,485,000 | $217,011 |
Occupancy Type Mix
Dwelling Type | Originations | Total Value | Average Loan |
---|---|---|---|
Single Family (1-4 Units):Site-Built | 5,131 | $1,113,485,000 | $217,011 |
LTV Distribution
Complaints
Bank Name | Product | Issue | 2020 CPFB Complaints | % of Total Issues |
---|---|---|---|---|
SOUTHWEST FUNDING, LP | VA mortgage | Closing on a mortgage | 1 | 20.0% |
SOUTHWEST FUNDING, LP | FHA mortgage | Closing on a mortgage | 3 | 60.0% |
SOUTHWEST FUNDING, LP | FHA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 20.0% |