Southwest Capital Bank Mortgage Rates, Fees & Info
Albuquerque, NMLEI: 5493008O3PHZLQU70I63
Tax ID: 85-0049440
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Mortgage Data
Review & Overview
Southwest Capital Bank is a smaller bank specializing in Refi and Home Purchase loans. Southwest Capital Bank has a high proportion of conventional loans. Their top markets by origination volume include: Albuquerque, Las Vegas, Santa Fe, and Los Angeles among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)Southwest Capital Bank has an average approval rate when compared to the average across all lenders. They have an average pick rate when compared to similar lenders.
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Originations
29Origination Dollar Volume (All Markets)
$9,275,000Top 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 |
---|---|---|---|---|---|
ALBUQUERQUE, NM (FHA|USDA|VA) | 16 | $6,100,000 | $381,250 | $0 | 0.00% |
Las Vegas, NM (FHA|USDA|VA) | 11 | $1,445,000 | $131,364 | $0 | 0.00% |
SANTA FE, NM (FHA|USDA|VA) | 1 | $905,000 | $905,000 | $0 | 0.00% |
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 1 | $825,000 | $825,000 | $0 | 0.00% |
Their top states include:
Product Mix
Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
---|---|---|---|---|---|
Conventional | 29 | $9,275,000 | $319,828 | $0 | 0.00% |
For 2019, Southwest Capital Bank's most frequently originated type of loan was Conventional, with 29 originations.
Loan Reason
Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
---|---|---|---|---|---|
Refi | 23 | $5,645,000 | $245,435 | $0 | 0.00% |
Home Purchase | 6 | $3,630,000 | $605,000 | $0 | 0.00% |
For 2019, Southwest Capital Bank's most frequently cited loan purpose was Refi, with 23 originations. The 2nd most popular reason was Home Purchase, with 6 originations.
Loan Duration/Length
Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
---|---|---|---|---|---|
Other | 29 | $9,275,000 | $319,828 | $0 | 0.00% |
For 2019, Southwest Capital Bank's most frequently cited loan duration was Other, with 29 originations.
Loan Sizing
2019 saw Southwest Capital Bank place emphasis on $100,000 or less loans with 11 originations, totaling $495,000 in origination value.
Applicant Income
Southwest Capital Bank lent most frequently to those with incomes in the $250k+ range, with 6 originations. The second most popular income band? $100k-150k, with 2 originations.
Applicant Debt to Income Ratio
DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
---|---|---|---|---|---|
Exempt% | 29 | $9,275,000 | $319,828 | $0 | 0.00% |
Southwest Capital Bank lent most frequently to those with DTI ratios of Exempt%, with 29 originations.
Ethnicity Mix
Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
---|---|---|---|---|---|
White | 21 | $5,825,000 | $277,381 | $0 | 0.00% |
Not applicable | 8 | $3,450,000 | $431,250 | $0 | 0.00% |
Approval Rates
Total approvals of all applications88.57%
Southwest Capital Bank has an average approval rate.
Pick Rate
Approvals leading to origination93.10%
Southwest Capital Bank has an average pick rate.
Points and Fees
Points | Originations | Total Value | Average Loan |
---|---|---|---|
Exempt | 29 | $9,275,000 | $319,828 |
Occupancy Type Mix
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
---|---|---|---|---|---|
80-100% | 1 | $5,000 | $5,000 | $0 | 0.00% |
Over 100% | 28 | $9,270,000 | $331,071 | $0 | 0.00% |
Complaints
Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
---|---|---|---|---|
SOUTHWEST FUNDING, LP | FHA mortgage | Closing on a mortgage | 1 | 100.0% |