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. 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, Clarksville, Houston, and Memphis among others. We have data for 207 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 relatively high 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% | 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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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
2,735Origination Dollar Volume (All Markets)
$709,645,000Awards
SOUTHWEST FUNDING LP - 2022
SOUTHWEST FUNDING LP is a 2022 , due to their low .
For 2022, 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) | 437 | $132,705,000 | $303,673 | $13,517 | 5.30% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 183 | $56,935,000 | $311,120 | $11,897 | 5.12% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 127 | $34,845,000 | $274,370 | $12,906 | 5.26% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 121 | $32,985,000 | $272,603 | $13,582 | 5.44% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 122 | $31,260,000 | $256,230 | $12,330 | 5.26% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 123 | $27,845,000 | $226,382 | $11,478 | 5.27% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 66 | $26,500,000 | $401,515 | $9,907 | 5.17% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 75 | $25,845,000 | $344,600 | $14,688 | 5.52% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 76 | $19,970,000 | $262,763 | $9,690 | 5.34% |
| TUSCALOOSA, AL (FHA|USDA|VA) | 84 | $18,300,000 | $217,857 | $8,928 | 5.25% |
| Outside of Metro Areas | 80 | $17,470,000 | $218,375 | $11,447 | 5.22% |
| LONGVIEW, TX (FHA|USDA|VA) | 82 | $17,290,000 | $210,854 | $10,205 | 5.45% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 53 | $15,775,000 | $297,642 | $7,375 | 5.65% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 40 | $14,110,000 | $352,750 | $12,901 | 5.21% |
| LOUISVILLE, KY (FHA|USDA|VA) | 48 | $11,490,000 | $239,375 | $8,535 | 4.86% |
| BATON ROUGE, LA (FHA|USDA|VA) | 55 | $10,965,000 | $199,364 | $10,105 | 5.57% |
| LAFAYETTE, LA (FHA|USDA|VA) | 45 | $9,285,000 | $206,333 | $10,225 | 5.34% |
| SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) | 38 | $8,080,000 | $212,632 | $9,897 | 5.46% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 21 | $8,045,000 | $383,095 | $10,027 | 4.78% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 29 | $6,355,000 | $219,138 | $8,815 | 5.35% |
| Hobbs, NM (FHA|USDA|VA) | 29 | $6,105,000 | $210,517 | $8,979 | 5.06% |
| HOUMA-THIBODAUX, LA (FHA|USDA|VA) | 32 | $5,970,000 | $186,563 | $10,133 | 5.18% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 26 | $5,470,000 | $210,385 | $9,737 | 5.45% |
| Mount Pleasant, TX (FHA|USDA|VA) | 26 | $5,250,000 | $201,923 | $10,170 | 5.29% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 17 | $4,925,000 | $289,706 | $11,258 | 4.87% |
| Bay City, TX (FHA|USDA|VA) | 24 | $4,880,000 | $203,333 | $12,501 | 5.42% |
| EL PASO, TX (FHA|USDA|VA) | 23 | $4,715,000 | $205,000 | $9,557 | 5.36% |
| FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) | 24 | $4,680,000 | $195,000 | $6,659 | 5.03% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 12 | $4,600,000 | $383,333 | $14,476 | 4.68% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 13 | $4,465,000 | $343,462 | $9,714 | 4.56% |
| BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) | 23 | $4,405,000 | $191,522 | $12,154 | 5.13% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 17 | $4,125,000 | $242,647 | $11,157 | 5.07% |
| KNOXVILLE, TN (FHA|USDA|VA) | 17 | $3,585,000 | $210,882 | $9,449 | 5.48% |
| ANNISTON-OXFORD, AL (FHA|USDA|VA) | 17 | $3,525,000 | $207,353 | $8,391 | 4.86% |
| LAREDO, TX (FHA|USDA|VA) | 12 | $3,390,000 | $282,500 | $10,744 | 4.26% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 15 | $3,335,000 | $222,333 | $9,041 | 5.21% |
| COLUMBIA, SC (FHA|USDA|VA) | 15 | $3,105,000 | $207,000 | $9,880 | 5.33% |
| Talladega-Sylacauga, AL (FHA|USDA|VA) | 15 | $3,005,000 | $200,333 | $8,847 | 5.02% |
| MOBILE, AL (FHA|USDA|VA) | 13 | $2,975,000 | $228,846 | $8,726 | 5.03% |
| PITTSBURGH, PA (FHA|USDA|VA) | 11 | $2,965,000 | $269,545 | $17,591 | 3.59% |
| Athens, TX (FHA|USDA|VA) | 8 | $2,460,000 | $307,500 | $12,015 | 5.76% |
| Tullahoma-Manchester, TN (FHA|USDA|VA) | 7 | $2,415,000 | $345,000 | $9,163 | 5.46% |
| SPARTANBURG, SC (FHA|USDA|VA) | 11 | $2,415,000 | $219,545 | $8,734 | 5.34% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 10 | $2,170,000 | $217,000 | $8,566 | 5.04% |
| El Campo, TX (FHA|USDA|VA) | 9 | $2,135,000 | $237,222 | $10,597 | 5.12% |
| GREELEY, CO (FHA|USDA|VA) | 7 | $2,095,000 | $299,286 | $9,641 | 4.09% |
| Carlsbad-Artesia, NM (FHA|USDA|VA) | 8 | $2,080,000 | $260,000 | $9,041 | 5.33% |
| TYLER, TX (FHA|USDA|VA) | 9 | $2,055,000 | $228,333 | $13,557 | 5.19% |
| TULSA, OK (FHA|USDA|VA) | 11 | $1,995,000 | $181,364 | $6,963 | 5.49% |
| HAMMOND, LA (FHA|USDA|VA) | 12 | $1,960,000 | $163,333 | $7,995 | 4.86% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 12 | $1,930,000 | $160,833 | $7,965 | 5.25% |
| Muscatine, IA (FHA|USDA|VA) | 15 | $1,885,000 | $125,667 | $6,942 | 5.41% |
| MONROE, LA (FHA|USDA|VA) | 7 | $1,845,000 | $263,571 | $9,151 | 5.05% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 7 | $1,805,000 | $257,857 | $12,256 | 4.96% |
| DOTHAN, AL (FHA|USDA|VA) | 8 | $1,780,000 | $222,500 | $10,255 | 5.20% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 7 | $1,645,000 | $235,000 | $8,952 | 5.80% |
| JACKSON, MS (FHA|USDA|VA) | 6 | $1,540,000 | $256,667 | $10,613 | 5.96% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 5 | $1,465,000 | $293,000 | $12,303 | 3.65% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 4 | $1,460,000 | $365,000 | $9,058 | 5.03% |
| Palestine, TX (FHA|USDA|VA) | 9 | $1,455,000 | $161,667 | $10,781 | 5.88% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 5 | $1,445,000 | $289,000 | $9,913 | 4.73% |
| Opelousas, LA (FHA|USDA|VA) | 6 | $1,440,000 | $240,000 | $10,887 | 5.17% |
| MONTGOMERY, AL (FHA|USDA|VA) | 6 | $1,330,000 | $221,667 | $9,315 | 6.17% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 6 | $1,300,000 | $216,667 | $12,181 | 5.48% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 8 | $1,270,000 | $158,750 | $7,199 | 6.50% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 3 | $1,225,000 | $408,333 | $16,399 | 5.17% |
| LEXINGTON-FAYETTE, KY (FHA|USDA|VA) | 5 | $1,035,000 | $207,000 | $8,297 | 5.50% |
| PUEBLO, CO (FHA|USDA|VA) | 3 | $995,000 | $331,667 | $7,881 | 5.21% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 2 | $940,000 | $470,000 | $29,998 | 4.88% |
| SAGINAW, MI (FHA|USDA|VA) | 6 | $920,000 | $153,333 | $10,752 | 5.79% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 4 | $910,000 | $227,500 | $8,708 | 4.53% |
| Mineral Wells, TX (FHA|USDA|VA) | 5 | $895,000 | $179,000 | $12,040 | 5.60% |
| BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) | 3 | $865,000 | $288,333 | $12,972 | 4.46% |
| Richmond-Berea, KY (FHA|USDA|VA) | 3 | $855,000 | $285,000 | $12,137 | 5.88% |
| GADSDEN, AL (FHA|USDA|VA) | 5 | $825,000 | $165,000 | $7,649 | 4.35% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 3 | $815,000 | $271,667 | $11,549 | 5.04% |
| Brownwood, TX (FHA|USDA|VA) | 3 | $815,000 | $271,667 | $14,743 | 5.96% |
| Minden, LA (FHA|USDA|VA) | 5 | $815,000 | $163,000 | $6,791 | 4.88% |
| Dayton, TN (FHA|USDA|VA) | 4 | $800,000 | $200,000 | $10,811 | 5.13% |
| FORT COLLINS, CO (FHA|USDA|VA) | 2 | $800,000 | $400,000 | $10,018 | 4.31% |
| Adrian, MI (FHA|USDA|VA) | 4 | $780,000 | $195,000 | $16,188 | 5.90% |
| ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) | 2 | $780,000 | $390,000 | $15,067 | 4.44% |
| Okeechobee, FL (FHA|USDA|VA) | 2 | $740,000 | $370,000 | $12,352 | 5.56% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 3 | $735,000 | $245,000 | $10,261 | 3.96% |
| Seneca, SC (FHA|USDA|VA) | 4 | $730,000 | $182,500 | $9,071 | 6.75% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 3 | $705,000 | $235,000 | $9,025 | 4.75% |
| SALEM, OR (FHA|USDA|VA) | 2 | $680,000 | $340,000 | $13,013 | 6.75% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 2 | $680,000 | $340,000 | $9,024 | 4.63% |
| Paris, TN (FHA|USDA|VA) | 3 | $625,000 | $208,333 | $10,167 | 6.25% |
| FORT WAYNE, IN (FHA|USDA|VA) | 3 | $625,000 | $208,333 | $6,849 | 6.04% |
| Del Rio, TX (FHA|USDA|VA) | 3 | $615,000 | $205,000 | $11,762 | 6.88% |
| Enterprise, AL (FHA|USDA|VA) | 3 | $615,000 | $205,000 | $6,373 | 5.33% |
| MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) | 4 | $610,000 | $152,500 | $9,231 | 5.56% |
| SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) | 3 | $585,000 | $195,000 | $7,380 | 5.21% |
| Morgan City, LA (FHA|USDA|VA) | 6 | $580,000 | $96,667 | $8,669 | 5.42% |
| Sulphur Springs, TX (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $12,819 | 4.06% |
| Granbury, TX (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $12,941 | 6.50% |
| SUMTER, SC (FHA|USDA|VA) | 3 | $525,000 | $175,000 | $8,597 | 4.08% |
| ODESSA, TX (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $9,537 | 3.69% |
| KOKOMO, IN (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $11,393 | 5.50% |
| MANHATTAN, KS (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $8,235 | 5.56% |
| Paris, TX (FHA|USDA|VA) | 3 | $485,000 | $161,667 | $8,508 | 5.42% |
| PANAMA CITY, FL (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $19,074 | 5.63% |
| Ruston, LA (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $11,061 | 4.50% |
| WACO, TX (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $13,867 | 6.25% |
| Corsicana, TX (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $14,702 | 6.81% |
| Cookeville, TN (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $10,152 | 7.13% |
| MIDLAND, TX (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $10,506 | 5.06% |
| Greenwood, SC (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $10,762 | 3.88% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $8,002 | 4.50% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $11,945 | 5.50% |
| Athens, TN (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $7,426 | 6.25% |
| Stephenville, TX (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $7,570 | 4.68% |
| CHEYENNE, WY (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $6,626 | 5.50% |
| Russellville, AR (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $9,273 | 7.25% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $23,407 | 2.88% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $13,763 | 4.75% |
| Fort Morgan, CO (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $6,979 | 5.88% |
| JACKSON, TN (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $11,206 | 4.69% |
| Coos Bay, OR (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $19,096 | 6.88% |
| LUBBOCK, TX (FHA|USDA|VA) | 3 | $365,000 | $121,667 | $7,916 | 5.12% |
| Pinehurst-Southern Pines, NC (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $18,495 | 3.75% |
| Española, NM (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $24,746 | 6.75% |
| Greensburg, IN (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $8,692 | 5.00% |
| Gaffney, SC (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $6,521 | 3.81% |
| Union, SC (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $7,312 | 6.19% |
| ANN ARBOR, MI (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $14,253 | 5.25% |
| COLUMBUS, IN (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $7,613 | 7.00% |
| Georgetown, SC (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $8,219 | 6.19% |
| GULFPORT-BILOXI, MS (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $10,682 | 5.56% |
| Frankfort, KY (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $14,227 | 5.00% |
| Portsmouth, OH (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $9,212 | 6.25% |
| Fort Polk South, LA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $7,166 | 5.75% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $15,319 | 5.50% |
| AUBURN-OPELIKA, AL (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $14,221 | 5.13% |
| OWENSBORO, KY (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $7,523 | 6.94% |
| HATTIESBURG, MS (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $13,605 | 4.88% |
| Stillwater, OK (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $11,175 | 6.50% |
| DECATUR, AL (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $12,623 | 3.38% |
| Mount Sterling, KY (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $6,336 | 7.31% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $5,010 | 5.13% |
| Cañon City, CO (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $11,070 | 5.00% |
| Paducah, KY-IL (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $13,508 | 5.63% |
| Mayfield, KY (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $8,008 | 4.75% |
| Pearsall, TX (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $5,491 | 3.38% |
| Eagle Pass, TX (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $7,664 | 6.50% |
| Columbus, MS (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $16,059 | 6.88% |
| Lufkin, TX (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $11,144 | 3.63% |
| Jacksonville, TX (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $14,586 | 5.13% |
| Gainesville, TX (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $11,873 | 6.99% |
| DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $7,880 | 6.44% |
| Ozark, AL (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $9,670 | 7.25% |
| Natchitoches, LA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $9,556 | 4.75% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $9,105 | 3.00% |
| Cullman, AL (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $9,266 | 5.63% |
| Laramie, WY (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $3,811 | 5.88% |
| Lewisburg, TN (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $3,998 | 3.88% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $6,823 | 3.25% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $8,262 | 6.50% |
| GAINESVILLE, FL (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $10,028 | 5.00% |
| Newberry, SC (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $13,942 | 5.75% |
| Craig, CO (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $4,576 | 5.99% |
| Corinth, MS (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $7,819 | 7.25% |
| Snyder, TX (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $8,752 | 5.63% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $9,705 | 6.50% |
| Lawrenceburg, TN (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $10,515 | 4.50% |
| WICHITA FALLS, TX (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $15,337 | 7.25% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $9,797 | 4.63% |
| Murray, KY (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $7,991 | 6.13% |
| Burlington, IA-IL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $8,326 | 6.63% |
| Urbana, OH (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $9,082 | 5.63% |
| ROCHESTER, MN (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $5,815 | 5.25% |
| VICTORIA, TX (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $7,953 | 5.50% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $11,837 | 4.88% |
| Dyersburg, TN (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $7,047 | 5.13% |
| FLINT, MI (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $8,519 | 6.13% |
| JACKSON, MI (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $13,168 | 7.00% |
| Kendallville, IN (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $5,614 | 5.99% |
| Cleveland, MS (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $7,712 | 5.88% |
| CAPE GIRARDEAU, MO-IL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $6,052 | 6.75% |
| Zanesville, OH (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $9,089 | 6.38% |
| MIDLAND, MI (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $8,930 | 5.50% |
| Wabash, IN (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $4,758 | 4.25% |
| Plymouth, IN (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $4,205 | 3.50% |
| Marion, IN (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,757 | 5.63% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $5,149 | 4.88% |
| LAKE CHARLES, LA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $12,276 | 7.25% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $6,565 | 5.88% |
| Greenville, OH (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $7,352 | 6.25% |
| BOWLING GREEN, KY (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $6,078 | 4.13% |
| SEBRING-AVON PARK, FL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $7,692 | 4.99% |
| LANSING-EAST LANSING, MI (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $12,300 | 5.63% |
| Sikeston, MO (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $5,162 | 3.63% |
| Crawfordsville, IN (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $6,035 | 5.13% |
| SAN ANGELO, TX (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $5,978 | 6.50% |
| TERRE HAUTE, IN (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $5,857 | 4.63% |
| Clarksdale, MS (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $6,777 | 5.75% |
| Clinton, IA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $6,006 | 5.88% |
| Bardstown, KY (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $5,705 | 5.50% |
| MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $4,901 | 6.50% |
| Somerset, KY (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $7,461 | 4.75% |
| Orangeburg, SC (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $9,782 | 5.63% |
| Union City, TN (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $6,908 | 5.63% |
| New Castle, IN (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $5,368 | 5.75% |
| ROCKY MOUNT, NC (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $8,311 | 7.13% |
| Connersville, IN (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $6,191 | 4.63% |
| SPRINGFIELD, OH (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $5,495 | 6.13% |
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 2022, Southwest Funding Lp's most frequently originated type of loan was Conventional, with 1,212 originations. Their 2nd most popular type was FHA, with 1,171 originations.
Loan Reason
For 2022, Southwest Funding Lp's most frequently cited loan purpose was Home Purchase, with 2,308 originations. The 2nd most popular reason was Cash Out Refi, with 287 originations.
Loan Duration/Length
For 2022, Southwest Funding Lp's most frequently cited loan duration was 30 Year, with 2,663 originations. The 2nd most popular length was 15 Year, with 55 originations.
Origination Fees/Closing Costs
Southwest Funding Lp's average total fees were $11,283, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 2,194 originations.
Interest Rates
During 2022, Southwest Funding Lp's average interest rate for loans was 5.30%, while their most frequently originated rate bucket for loans was 5-6%, with 968 originations.
Loan Sizing
2022 saw Southwest Funding Lp place emphasis on $200k-400k loans with 1,459 originations, totaling $409,005,000 in origination value.
Applicant Income
Southwest Funding Lp lent most frequently to those with incomes in the $50k-75k range, with 830 originations. The second most popular income band? $75k-100k, with 600 originations.
Applicant Debt to Income Ratio
Southwest Funding Lp lent most frequently to those with DTI ratios of 50-60%, with 449 originations. The next most common DTI ratio? 30-36%, with 397 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.99%
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 origination74.48%
Southwest Funding Lp has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 2,735 | $709,645,000 | $259,468 |