City Mortgage Rates, Fees & Info
Dallas, TXLEI: 549300D1LJKPCKRRHC31
Tax ID: 75-0692281
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Mortgage Data
Review & Overview
City is a smaller mortgage company specializing in Home Purchase loans. City has a high proportion of conventional loans. Their top markets by origination volume include: Dallas, Sherman, Gainesville, and Corsicana among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)City has a below average approval rate when compared to the average across all lenders. They typically have relatively high rates.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Refi | 6.27% | 5/5/24 |
| 15 Year Conventional Purchase | 5.68% | 5/5/24 |
| 15 Year Conventional Refi | 5.68% | 5/5/24 |
| 15 Year Cash-out Refi | 5.68% | 5/5/24 |
| 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. | ||
City Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
221Origination Dollar Volume (All Markets)
$20,965,000Top 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) | 179 | $15,555,000 | $86,899 | $0 | 6.03% |
| Outside of Metro Areas | 31 | $4,735,000 | $152,742 | $0 | 5.74% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 7 | $435,000 | $62,143 | $0 | 6.15% |
| Gainesville, TX (FHA|USDA|VA) | 3 | $125,000 | $41,667 | $0 | 5.46% |
| Corsicana, TX (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 5.67% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 221 | $20,965,000 | $94,864 | $0 | 5.98% |
For 2018, City's most frequently originated type of loan was Conventional, with 221 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 221 | $20,965,000 | $94,864 | $0 | 5.98% |
For 2018, City's most frequently cited loan purpose was Home Purchase, with 221 originations.
Loan Duration/Length
For 2018, City's most frequently cited loan duration was 15 Year, with 90 originations. The 2nd most popular length was Other, with 68 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 61 | $3,035,000 | $49,754 |
| $1k-2k | 16 | $2,190,000 | $136,875 |
| $3k-4k | 1 | $395,000 | $395,000 |
City's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 61 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 5-6% | 132 | $12,980,000 | $98,333 |
| 7-8% | 39 | $2,135,000 | $54,744 |
| 6-7% | 28 | $4,080,000 | $145,714 |
| 4-5% | 7 | $925,000 | $132,143 |
During 2018, City's average interest rate for loans was 5.93%, while their most frequently originated rate bucket for loans was 5-6%, with 132 originations.
Loan Sizing
2018 saw City place emphasis on $100,000 or less loans with 148 originations, totaling $7,990,000 in origination value.
Applicant Income
City lent most frequently to those with incomes in the $50k-75k range, with 53 originations. The second most popular income band? $150k-250k, with 44 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications68.00%
City has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick Rate
Approvals leading to originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 221 | $20,965,000 | $94,864 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 221 | $20,965,000 | $94,864 |