Mortgage Financial Services Rates, Fees & Info
BATON ROUGE, LALEI: 5493009F6BJDCZMZ7Y26
Tax ID: 20-8468035
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Mortgage Data
Review & Overview
Mortgage Financial Services is a small mortgage company specializing in Home Purchase and Refi loans. Mortgage Financial Services has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Dallas, San Antonio, Houston, Little Rock, and San Angelo among others. We have data for 106 markets. (Some data included below & more in-depth data is available with an active subscription.)Mortgage Financial Services has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders. Mortgage Financial Services is typically an average 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 | 6.99% | 12/4/22 |
| 30 Year Conventional Refi | 6.79% | 12/4/22 |
| 30 Year Cash-out Refi | 7.04% | 12/4/22 |
| 30 Year FHA Purchase | 7.86% | 12/4/22 |
| 30 Year FHA Refi | 7.52% | 12/4/22 |
| 30 Year VA Purchase | 6.77% | 12/4/22 |
| 30 Year VA Refi | 6.40% | 12/4/22 |
| 30 Year USDA Purchase | 7.21% | 12/4/22 |
| 30 Year USDA Refi | 6.89% | 12/4/22 |
| 15 Year Conventional Purchase | 6.16% | 12/4/22 |
| 15 Year Conventional Refi | 6.11% | 12/4/22 |
| 15 Year Cash-out Refi | 6.11% | 12/4/22 |
| 15 Year FHA Purchase | 8.73% | 12/4/22 |
| 15 Year VA Purchase | 6.28% | 12/4/22 |
| 15 Year VA Refi | 6.07% | 12/4/22 |
| 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. | ||
Originations
6,941Origination Dollar Volume (All Markets)
$1,650,315,000Awards
MORTGAGE FINANCIAL SERVICES - 2021
MORTGAGE FINANCIAL SERVICES is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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Relative Rate
Mortgage Financial Services's average 30 year fixed mortgage rate was
3.1%.
The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.
This yields a difference of -0.05%.
Relative Fees (Closing Costs)
Mortgage Financial Services's average total fees/closing costs for a 30 year fixed rate
mortgage were $6,440.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $4,750.
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) | 1,482 | $430,800,000 | $290,688 | $6,748 | 3.06% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 638 | $178,370,000 | $279,577 | $7,166 | 3.01% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 592 | $157,140,000 | $265,439 | $6,476 | 3.01% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 596 | $106,030,000 | $177,903 | $5,086 | 3.17% |
| SAN ANGELO, TX (FHA|USDA|VA) | 421 | $97,835,000 | $232,387 | $5,882 | 2.94% |
| TYLER, TX (FHA|USDA|VA) | 369 | $80,775,000 | $218,902 | $7,609 | 2.99% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 208 | $67,860,000 | $326,250 | $6,085 | 2.89% |
| LAREDO, TX (FHA|USDA|VA) | 278 | $62,540,000 | $224,964 | $7,414 | 2.92% |
| TEXARKANA, TX-AR (FHA|USDA|VA) | 288 | $53,990,000 | $187,465 | $5,443 | 3.00% |
| Outside of Metro Areas | 283 | $52,225,000 | $184,541 | $5,667 | 3.12% |
| BATON ROUGE, LA (FHA|USDA|VA) | 192 | $42,150,000 | $219,531 | $6,261 | 3.00% |
| ABILENE, TX (FHA|USDA|VA) | 186 | $41,440,000 | $222,796 | $4,971 | 3.03% |
| PINE BLUFF, AR (FHA|USDA|VA) | 199 | $30,805,000 | $154,799 | $5,004 | 3.17% |
| LAFAYETTE, LA (FHA|USDA|VA) | 147 | $29,155,000 | $198,333 | $5,748 | 3.19% |
| LONGVIEW, TX (FHA|USDA|VA) | 127 | $26,905,000 | $211,850 | $6,706 | 3.16% |
| LAKE CHARLES, LA (FHA|USDA|VA) | 101 | $20,715,000 | $205,099 | $6,825 | 3.22% |
| Searcy, AR (FHA|USDA|VA) | 114 | $19,900,000 | $174,561 | $4,848 | 3.04% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 57 | $13,385,000 | $234,825 | $5,795 | 3.02% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 61 | $12,755,000 | $209,098 | $5,010 | 3.15% |
| EL PASO, TX (FHA|USDA|VA) | 64 | $11,890,000 | $185,781 | $5,232 | 2.96% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 26 | $6,850,000 | $263,462 | $6,115 | 3.18% |
| Athens, TX (FHA|USDA|VA) | 34 | $6,490,000 | $190,882 | $6,158 | 2.95% |
| DeRidder, LA (FHA|USDA|VA) | 25 | $5,575,000 | $223,000 | $4,647 | 3.17% |
| Opelousas, LA (FHA|USDA|VA) | 36 | $4,940,000 | $137,222 | $5,066 | 3.22% |
| BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) | 28 | $4,870,000 | $173,929 | $6,779 | 2.82% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 19 | $4,335,000 | $228,158 | $6,904 | 3.03% |
| Gainesville, TX (FHA|USDA|VA) | 16 | $4,090,000 | $255,625 | $6,390 | 2.93% |
| Jacksonville, TX (FHA|USDA|VA) | 18 | $4,010,000 | $222,778 | $8,705 | 2.96% |
| Fort Polk South, LA (FHA|USDA|VA) | 19 | $3,715,000 | $195,526 | $4,600 | 3.03% |
| KNOXVILLE, TN (FHA|USDA|VA) | 13 | $3,185,000 | $245,000 | $2,005 | 2.99% |
| Granbury, TX (FHA|USDA|VA) | 10 | $3,120,000 | $312,000 | $6,251 | 3.39% |
| Jennings, LA (FHA|USDA|VA) | 17 | $2,915,000 | $171,471 | $5,468 | 3.22% |
| LUBBOCK, TX (FHA|USDA|VA) | 15 | $2,685,000 | $179,000 | $4,298 | 2.88% |
| HAMMOND, LA (FHA|USDA|VA) | 14 | $2,490,000 | $177,857 | $4,475 | 3.09% |
| ALEXANDRIA, LA (FHA|USDA|VA) | 13 | $2,485,000 | $191,154 | $5,104 | 3.03% |
| SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) | 12 | $2,330,000 | $194,167 | $5,274 | 3.08% |
| MIDLAND, TX (FHA|USDA|VA) | 8 | $2,310,000 | $288,750 | $6,187 | 3.13% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 9 | $2,105,000 | $233,889 | $4,629 | 2.97% |
| BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) | 12 | $2,050,000 | $170,833 | $6,436 | 3.24% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 9 | $1,995,000 | $221,667 | $6,545 | 3.17% |
| Nacogdoches, TX (FHA|USDA|VA) | 9 | $1,965,000 | $218,333 | $5,760 | 3.15% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 9 | $1,925,000 | $213,889 | $3,895 | 2.87% |
| WACO, TX (FHA|USDA|VA) | 7 | $1,895,000 | $270,714 | $3,937 | 2.82% |
| MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) | 9 | $1,825,000 | $202,778 | $7,932 | 3.15% |
| Bonham, TX (FHA|USDA|VA) | 8 | $1,760,000 | $220,000 | $6,851 | 3.26% |
| HOT SPRINGS, AR (FHA|USDA|VA) | 7 | $1,665,000 | $237,857 | $4,304 | 3.16% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 2 | $1,620,000 | $810,000 | $10,307 | 3.25% |
| Mount Pleasant, TX (FHA|USDA|VA) | 6 | $1,430,000 | $238,333 | $6,540 | 3.27% |
| Palestine, TX (FHA|USDA|VA) | 7 | $1,295,000 | $185,000 | $7,315 | 2.95% |
| Fredericksburg, TX (FHA|USDA|VA) | 3 | $1,095,000 | $365,000 | $7,784 | 3.00% |
| WICHITA FALLS, TX (FHA|USDA|VA) | 6 | $1,050,000 | $175,000 | $5,324 | 3.00% |
| Sulphur Springs, TX (FHA|USDA|VA) | 5 | $1,025,000 | $205,000 | $5,678 | 3.15% |
| Paris, TX (FHA|USDA|VA) | 6 | $1,020,000 | $170,000 | $5,139 | 2.92% |
| El Campo, TX (FHA|USDA|VA) | 4 | $970,000 | $242,500 | $5,980 | 2.69% |
| TULSA, OK (FHA|USDA|VA) | 3 | $965,000 | $321,667 | $6,202 | 3.16% |
| Natchez, MS-LA (FHA|USDA|VA) | 7 | $915,000 | $130,714 | $6,077 | 3.27% |
| ODESSA, TX (FHA|USDA|VA) | 4 | $880,000 | $220,000 | $7,244 | 3.28% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 2 | $860,000 | $430,000 | $2,985 | 2.44% |
| Port Lavaca, TX (FHA|USDA|VA) | 3 | $855,000 | $285,000 | $8,628 | 2.63% |
| MONROE, LA (FHA|USDA|VA) | 4 | $800,000 | $200,000 | $6,736 | 2.81% |
| Kerrville, TX (FHA|USDA|VA) | 4 | $800,000 | $200,000 | $6,134 | 3.22% |
| Beeville, TX (FHA|USDA|VA) | 3 | $705,000 | $235,000 | $11,656 | 2.79% |
| Corsicana, TX (FHA|USDA|VA) | 3 | $685,000 | $228,333 | $3,772 | 3.14% |
| Mineral Wells, TX (FHA|USDA|VA) | 3 | $675,000 | $225,000 | $7,609 | 2.58% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $9,490 | 2.56% |
| AMARILLO, TX (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $3,411 | 2.81% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $8,040 | 4.00% |
| Brenham, TX (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $6,908 | 2.81% |
| Stephenville, TX (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $3,429 | 3.00% |
| FORT SMITH, AR-OK (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $3,850 | 3.00% |
| Rockport, TX (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $8,740 | 2.63% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $3,468 | 2.99% |
| Helena-West Helena, AR (FHA|USDA|VA) | 3 | $395,000 | $131,667 | $3,114 | 2.88% |
| GULFPORT-BILOXI, MS (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $6,482 | 2.63% |
| Snyder, TX (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $4,133 | 3.38% |
| Sweetwater, TX (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $5,942 | 3.04% |
| Arkadelphia, AR (FHA|USDA|VA) | 3 | $355,000 | $118,333 | $5,162 | 3.17% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $10,327 | 2.38% |
| Del Rio, TX (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $12,561 | 2.75% |
| Hope, AR (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $4,712 | 2.88% |
| Brownwood, TX (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $5,067 | 3.56% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $6,197 | 3.25% |
| Zapata, TX (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $4,273 | 3.25% |
| VICTORIA, TX (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $10,033 | 3.25% |
| Bay City, TX (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $4,048 | 3.35% |
| Key West, FL (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $3,663 | 2.25% |
| Arcadia, FL (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $2,641 | 2.63% |
| Russellville, AR (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $3,139 | 3.00% |
| NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $5,227 | 4.13% |
| Batesville, AR (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $8,857 | 3.25% |
| GAINESVILLE, FL (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $3,407 | 2.99% |
| Paragould, AR (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $2,801 | 3.25% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $3,966 | 3.00% |
| Malvern, AR (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $4,108 | 3.31% |
| Natchitoches, LA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $9,127 | 2.75% |
| Lamesa, TX (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $4,599 | 3.00% |
| Forrest City, AR (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $4,223 | 3.00% |
| Shawnee, OK (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,910 | 2.88% |
| Lake City, FL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $6,521 | 3.38% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $6,676 | 3.63% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $2,626 | 3.25% |
| MOBILE, AL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $1,641 | 3.50% |
| Picayune, MS (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $4,851 | 3.38% |
| Bogalusa, LA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,834 | 2.75% |
| Borger, TX (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,984 | 3.25% |
| JONESBORO, AR (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $5,582 | 3.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against MORTGAGE FINANCIAL SERVICES 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 2021, Mortgage Financial Services's most frequently originated type of loan was Conventional, with 4,165 originations. Their 2nd most popular type was FHA, with 1,772 originations.
Loan Reason
For 2021, Mortgage Financial Services's most frequently cited loan purpose was Home Purchase, with 4,722 originations. The 2nd most popular reason was Refi, with 1,458 originations.
Loan Duration/Length
For 2021, Mortgage Financial Services's most frequently cited loan duration was 30 Year, with 6,178 originations. The 2nd most popular length was 15 Year, with 474 originations.
Origination Fees/Closing Costs
Mortgage Financial Services's average total fees were $6,440, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 3,256 originations.
Interest Rates
During 2021, Mortgage Financial Services's average interest rate for loans was 3.10%, while their most frequently originated rate bucket for loans was 2.5-3%, with 3,025 originations.
Loan Sizing
2021 saw Mortgage Financial Services place emphasis on $200k-400k loans with 3,234 originations, totaling $887,990,000 in origination value.
Applicant Income
Mortgage Financial Services lent most frequently to those with incomes in the $50k-75k range, with 1,884 originations. The second most popular income band? $100k-150k, with 1,436 originations.
Applicant Debt to Income Ratio
Mortgage Financial Services lent most frequently to those with DTI ratios of 20-30%, with 1,347 originations. The next most common DTI ratio? 30-36%, with 1,248 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.79%
Mortgage Financial Services has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination98.30%
Mortgage Financial Services has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 6,941 | $1,650,315,000 | $237,763 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6,941 | $1,650,315,000 | $237,763 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| MORTGAGE MASTER SERVICE CORPORATION | FHA mortgage | Closing on a mortgage | 1 | 100.0% |
