First Continental Mortgage Ltd. Rates, Fees & Info

HOUSTON, TX

LEI: 549300C20KZIWPASBC15

Tax ID: 76-0629353

5 stars - Updated: 4/5/25 - out of 5 stars, based on 28 reviews

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    First Continental Mortgage Ltd. is a smaller mortgage company specializing in Home Purchase loans. They have a a high proportion of FHA loans. First Continental Mortgage Ltd. has an average proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Dallas, Killeen, Houston, Atlanta, and Savannah among others. We have data for 19 markets. (Some data included below & more in-depth data is available with an active subscription.)

    First Continental Mortgage Ltd. 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. First Continental Mortgage Ltd. is typically a low 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.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.48% 4/5/25
    30 Year Conventional Refi 6.89% 4/5/25
    30 Year Cash-out Refi 6.73% 4/5/25
    30 Year FHA Purchase 6.38% 4/5/25
    30 Year FHA Refi 6.36% 4/5/25
    30 Year VA Purchase 5.88% 4/5/25
    30 Year USDA Purchase 6.22% 4/5/25
    15 Year Conventional Purchase 5.18% 4/5/25
    15 Year FHA Purchase 6.00% 4/5/25
    15 Year VA Purchase 6.00% 4/5/25
    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.

    First Continental Mortgage Ltd. Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from First Continental Mortgage Ltd.. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    795

    Origination Dollar Volume (All Markets)

    $293,885,000
    Show all (21) awards

    Relative Rate

    First Continental Mortgage Ltd.'s average 30 year fixed mortgage rate was 5.79%.

    The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.

    This yields a difference of -0.76%.

    Relative Fees (Closing Costs)

    First Continental Mortgage Ltd.'s average total fees/closing costs for a 30 year fixed rate mortgage were $7,241.

    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 $8,356.

    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) 285 $100,765,000 $353,561 $7,557 5.64%
    KILLEEN-TEMPLE, TX (FHA|USDA|VA) 108 $37,750,000 $349,537 $5,469 5.42%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 93 $31,415,000 $337,796 $7,173 5.52%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 75 $29,255,000 $390,067 $6,467 6.32%
    SAVANNAH, GA (FHA|USDA|VA) 79 $28,065,000 $355,253 $6,230 6.35%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 55 $24,055,000 $437,364 $8,904 5.72%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 30 $12,700,000 $423,333 $8,599 5.73%
    Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 21 $12,515,000 $595,952 $11,314 6.33%
    SHERMAN-DENISON, TX (FHA|USDA|VA) 15 $5,075,000 $338,333 $8,018 5.73%
    HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 8 $2,870,000 $358,750 $5,334 6.03%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 8 $2,510,000 $313,750 $10,585 6.75%
    St. Marys, GA (FHA|USDA|VA) 6 $2,300,000 $383,333 $5,693 6.29%
    HUNTSVILLE, AL (FHA|USDA|VA) 4 $1,220,000 $305,000 $8,508 5.99%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 2 $1,090,000 $545,000 $10,729 5.87%
    OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 2 $970,000 $485,000 $13,397 6.69%
    JACKSONVILLE, FL (FHA|USDA|VA) 1 $485,000 $485,000 $9,262 6.25%
    Cullman, AL (FHA|USDA|VA) 1 $355,000 $355,000 $4,426 6.13%
    FORT COLLINS, CO (FHA|USDA|VA) 1 $275,000 $275,000 $0 5.75%
    BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 1 $215,000 $215,000 $1,939 6.13%
    First Continental Mortgage Ltd.'s top markets include Dallas, Killeen, Houston, Atlanta, and Savannah among others.

    Their top states include:
  • Texas (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)
  • Washington (FHA|USDA|VA)
  • South Carolina (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against FIRST CONTINENTAL MORTGAGE LTD. based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    CRESCENT MORTGAGE COMPANY
    Similarity Rank: 80
    DSLD MORTGAGE, LLC
    Similarity Rank: 105
    GSB MORTGAGE, INC.
    Similarity Rank: 133
    TEXELL Credit Union
    Similarity Rank: 154
    AMOCO
    Similarity Rank: 180
    SCHLUMBERGER EMPLOYEES CREDIT UNION
    Similarity Rank: 275
    KITSAP Credit Union
    Similarity Rank: 380
    SMART FINANCIAL CREDIT UNION
    Similarity Rank: 405
    DATCU
    Similarity Rank: 468
    VELOCITY Credit Union
    Similarity Rank: 492

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    FHA 474 $172,800,000 $364,557 $8,266 5.68%
    VA 234 $92,570,000 $395,598 $6,587 5.69%
    Conventional 86 $28,310,000 $329,186 $3,382 6.62%
    USDA 1 $205,000 $205,000 $3,356 5.99%

    For 2024, First Continental Mortgage Ltd.'s most frequently originated type of loan was FHA, with 474 originations. Their 2nd most popular type was VA, with 234 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 792 $292,740,000 $369,621 $7,219 5.79%
    Refi 2 $930,000 $465,000 $17,210 5.81%
    Cash Out Refi 1 $215,000 $215,000 $1,939 6.13%

    For 2024, First Continental Mortgage Ltd.'s most frequently cited loan purpose was Home Purchase, with 792 originations. The 2nd most popular reason was Refi, with 2 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 794 $293,560,000 $369,723 $7,241 5.79%
    15 Year 1 $325,000 $325,000 $4,225 5.88%

    For 2024, First Continental Mortgage Ltd.'s most frequently cited loan duration was 30 Year, with 794 originations. The 2nd most popular length was 15 Year, with 1 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 687 $249,235,000 $362,787
    $5k+ 37 $18,255,000 $493,378
    $1k-2k 30 $11,620,000 $387,333
    $3k-4k 17 $6,145,000 $361,471
    $2k-3k 13 $4,545,000 $349,615
    $4k-5k 11 $4,085,000 $371,364

    First Continental Mortgage Ltd.'s average total fees were $7,241, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 687 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 293 $108,435,000 $370,085
    4-5% 236 $84,090,000 $356,314
    6-7% 233 $90,215,000 $387,189
    7-8% 32 $11,130,000 $347,813
    <2.5% 1 $15,000 $15,000

    During 2024, First Continental Mortgage Ltd.'s average interest rate for loans was 5.79%, while their most frequently originated rate bucket for loans was 5-6%, with 293 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 539 $173,005,000 $320,974 $6,283 5.77%
    $400k-600k 205 $93,975,000 $458,415 $8,884 5.80%
    $600k-1MM 33 $23,375,000 $708,333 $14,559 6.09%
    $100k-200k 14 $2,270,000 $162,143 $2,780 5.72%
    $100,000 or less 3 $115,000 $38,333 $583 4.58%
    $1MM+ 1 $1,145,000 $1,145,000 $24,593 6.63%

    2024 saw First Continental Mortgage Ltd. place emphasis on $200k-400k loans with 539 originations, totaling $173,005,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 305 $114,215,000 $374,475 $7,394 5.77%
    $75k-100k 171 $54,685,000 $319,795 $6,325 5.69%
    $150k-250k 166 $70,650,000 $425,602 $8,140 5.88%
    $50k-75k 89 $24,935,000 $280,169 $5,387 5.62%
    $250k+ 33 $15,735,000 $476,818 $10,841 6.30%
    $50k or less 31 $13,665,000 $440,806 $7,367 5.94%

    First Continental Mortgage Ltd. lent most frequently to those with incomes in the $100k-150k range, with 305 originations. The second most popular income band? $75k-100k, with 171 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    50-60% 168 $64,680,000 $385,000 $7,819 5.78%
    30-36% 97 $37,145,000 $382,938 $7,252 5.76%
    20-30% 56 $19,340,000 $345,357 $6,861 5.81%
    46% 42 $14,990,000 $356,905 $7,225 5.70%
    41% 39 $13,605,000 $348,846 $6,644 5.80%
    40% 39 $14,965,000 $383,718 $7,781 5.83%
    48% 38 $13,270,000 $349,211 $6,089 5.87%
    43% 37 $13,575,000 $366,892 $7,438 5.66%
    44% 37 $14,065,000 $380,135 $8,135 5.86%
    49% 35 $13,295,000 $379,857 $7,937 5.97%
    39% 34 $12,250,000 $360,294 $6,176 5.77%
    47% 34 $12,970,000 $381,471 $7,647 5.85%
    36% 28 $9,660,000 $345,000 $6,528 5.60%
    45% 26 $9,900,000 $380,769 $6,696 5.92%
    37% 23 $7,945,000 $345,435 $6,319 5.71%
    42% 22 $7,250,000 $329,545 $7,238 5.77%
    38% 18 $6,070,000 $337,222 $5,727 5.70%
    <20% 14 $4,850,000 $346,429 $5,669 5.73%
    >60% 8 $4,060,000 $507,500 $10,883 5.89%

    First Continental Mortgage Ltd. lent most frequently to those with DTI ratios of 50-60%, with 168 originations. The next most common DTI ratio? 30-36%, with 97 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 409 $149,595,000 $365,758 $7,502 5.79%
    Black 211 $78,315,000 $371,161 $6,948 5.71%
    Not provided 89 $33,045,000 $371,292 $6,628 5.79%
    Asian 74 $28,650,000 $387,162 $7,372 6.01%
    Native Hawaiian or Islander 3 $1,145,000 $381,667 $7,111 5.32%
    Filipino 3 $1,075,000 $358,333 $10,711 5.58%
    Asian Indian 3 $1,035,000 $345,000 $3,287 7.04%
    American Indian 3 $1,025,000 $341,667 $6,869 5.16%

    Approval Rates

    Total approvals of all applications
    99.98%

    First Continental Mortgage Ltd. has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    94.72%

    First Continental Mortgage Ltd. has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 795 $293,885,000 $369,667

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    795 $293,885,000 $369,667

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 6 $870,000 $145,000 $530 5.87%
    40-60% 13 $3,185,000 $245,000 $2,772 6.07%
    60-80% 75 $24,455,000 $326,067 $4,371 6.40%
    80-100% 616 $232,600,000 $377,597 $7,139 5.72%
    Over 100% 83 $32,745,000 $394,518 $11,901 5.75%
    Under 20% 2 $30,000 $15,000 $575 3.50%