City Mortgage Rates, Fees & Info
Dallas, TXLEI: 549300D1LJKPCKRRHC31
Tax ID: 75-0692281
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
City is a smaller mortgage company specializing in Home Purchase and Cash Out Refi loans. City has a high proportion of conventional loans. Their top markets by origination volume include: Dallas, Eagle Pass, and Sulphur Springs among others. We have data for 3 markets. (Some data included below & more in-depth data is available with an active subscription.)City has an average approval rate when compared to the average across all lenders.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Refi | 6.72% | 4/5/25 |
| 15 Year Conventional Purchase | 6.00% | 4/5/25 |
| 15 Year Conventional Refi | 6.00% | 4/5/25 |
| 15 Year Cash-out Refi | 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. | ||
City Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
27Origination Dollar Volume (All Markets)
$4,845,000Top 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 |
|---|---|---|---|---|---|
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 25 | $4,695,000 | $187,800 | $7,463 | 7.72% |
| Eagle Pass, TX (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 7.14% |
| Sulphur Springs, TX (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 9.95% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 27 | $4,845,000 | $179,444 | $7,463 | 7.78% |
For 2024, City's most frequently originated type of loan was Conventional, with 27 originations.
Loan Reason
For 2024, City's most frequently cited loan purpose was Home Purchase, with 10 originations. The 2nd most popular reason was Refi, with 6 originations.
Loan Duration/Length
For 2024, City's most frequently cited loan duration was 15 Year, with 16 originations. The 2nd most popular length was Other, with 8 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $4k-5k | 4 | $1,070,000 | $267,500 |
| $<1k | 3 | $145,000 | $48,333 |
| $1k-2k | 3 | $255,000 | $85,000 |
City's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $4k-5k bucket, with 4 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 7-8% | 21 | $4,175,000 | $198,810 |
| Over 8% | 5 | $475,000 | $95,000 |
During 2024, City's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 7-8%, with 21 originations.
Loan Sizing
2024 saw City place emphasis on $200k-400k loans with 10 originations, totaling $2,930,000 in origination value.
Applicant Income
City lent most frequently to those with incomes in the $100k-150k range, with 8 originations. The second most popular income band? $250k+, with 8 originations.
Applicant Debt to Income Ratio
City lent most frequently to those with DTI ratios of 30-36%, with 7 originations. The next most common DTI ratio? 20-30%, with 5 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications87.10%
City has an average approval rate.
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Approvals leading to originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 27 | $4,845,000 | $179,444 |