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 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, Clarksville, and Memphis among others. We have data for 251 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.
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 | 7.26% | 11/22/24 |
| 30 Year Conventional Refi | 6.69% | 11/22/24 |
| 30 Year Cash-out Refi | 6.93% | 11/22/24 |
| 30 Year FHA Purchase | 7.90% | 11/22/24 |
| 30 Year FHA Refi | 7.75% | 11/22/24 |
| 30 Year VA Purchase | 6.77% | 11/22/24 |
| 30 Year VA Refi | 6.28% | 11/22/24 |
| 30 Year USDA Purchase | 7.22% | 11/22/24 |
| 30 Year USDA Refi | 6.27% | 11/22/24 |
| 15 Year Conventional Purchase | 6.25% | 11/22/24 |
| 15 Year Conventional Refi | 6.16% | 11/22/24 |
| 15 Year Cash-out Refi | 6.16% | 11/22/24 |
| 15 Year VA Purchase | 6.86% | 11/22/24 |
| 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
5,258Origination Dollar Volume (All Markets)
$1,237,090,000Awards
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SOUTHWEST FUNDING LP - 2021
SOUTHWEST FUNDING LP is a 2021 , due to their low .
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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) | 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, KY (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% |
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Product Mix
For 2021, Southwest Funding Lp's most frequently originated type of loan was Conventional, with 2,500 originations. Their 2nd most popular type was FHA, with 2,067 originations.
Loan Reason
For 2021, Southwest Funding Lp's most frequently cited loan purpose was Home Purchase, with 3,747 originations. The 2nd most popular reason was Refi, with 992 originations.
Loan Duration/Length
For 2021, Southwest Funding Lp's most frequently cited loan duration was 30 Year, with 4,944 originations. The 2nd most popular length was 15 Year, with 223 originations.
Origination Fees/Closing Costs
Southwest Funding Lp's average total fees were $9,779, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 3,680 originations.
Interest Rates
During 2021, Southwest Funding Lp's average interest rate for loans was 3.42%, while their most frequently originated rate bucket for loans was 3-4%, with 3,606 originations.
Loan Sizing
2021 saw Southwest Funding Lp place emphasis on $200k-400k loans with 2,566 originations, totaling $697,570,000 in origination value.
Applicant Income
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
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
Approval Rates
Total approvals of all applications99.28%
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 origination82.56%
Southwest Funding Lp has a below 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
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% |