H E B Mortgage Rates, Fees & Info
San Antonio, TXLEI: 549300D8S1ETG70FFW35
Tax ID: 74-6067520
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Mortgage Data
Review & Overview
H E B is a smaller mortgage company specializing in Other and Home Purchase loans. H E B has a high proportion of conventional loans. Their top markets by origination volume include: San Antonio, Dallas, Houston, Austin, and Victoria among others. We have data for 25 markets. (Some data included below & more in-depth data is available with an active subscription.)H E B has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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 |
|---|---|---|
| 15 Year Conventional Purchase | 5.68% | 11/17/24 |
| 15 Year Conventional Refi | 7.19% | 11/17/24 |
| 15 Year Cash-out Refi | 7.19% | 11/17/24 |
| 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. | ||
H E B Mortgage Calculator
Your Estimates
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
120Origination Dollar Volume (All Markets)
$19,610,000Top 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 |
|---|---|---|---|---|---|
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 37 | $4,115,000 | $111,216 | $1,003 | 7.64% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 9 | $3,145,000 | $349,444 | $3,709 | 6.48% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 18 | $3,140,000 | $174,444 | $2,077 | 7.39% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 8 | $2,140,000 | $267,500 | $3,672 | 6.79% |
| Outside of Metro Areas | 5 | $795,000 | $159,000 | $2,752 | 6.14% |
| VICTORIA, TX (FHA|USDA|VA) | 2 | $750,000 | $375,000 | $4,378 | 6.10% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 3 | $715,000 | $238,333 | $3,183 | 6.74% |
| Huntsville, TX (FHA|USDA|VA) | 1 | $585,000 | $585,000 | $8,287 | 4.98% |
| MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) | 7 | $485,000 | $69,286 | $970 | 8.17% |
| Gainesville, TX (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $4,750 | 4.98% |
| Granbury, TX (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $774 | 6.59% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 5 | $355,000 | $71,000 | $1,037 | 7.12% |
| Rockport, TX (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $4,870 | 4.98% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $229 | 5.28% |
| BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) | 4 | $270,000 | $67,500 | $557 | 8.35% |
| Eagle Pass, TX (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $273 | 7.99% |
| Uvalde, TX (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $2,129 | 8.34% |
| WACO, TX (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $273 | 7.43% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,729 | 4.98% |
| LAREDO, TX (FHA|USDA|VA) | 3 | $195,000 | $65,000 | $560 | 8.06% |
| ABILENE, TX (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,007 | 6.79% |
| MIDLAND, TX (FHA|USDA|VA) | 2 | $140,000 | $70,000 | $671 | 7.43% |
| Kingsville, TX (FHA|USDA|VA) | 2 | $110,000 | $55,000 | $396 | 8.19% |
| Rio Grande City-Roma, TX (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $546 | 7.16% |
| Beeville, TX (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $546 | 7.61% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 120 | $19,610,000 | $163,417 | $1,833 | 7.28% |
For 2023, H E B's most frequently originated type of loan was Conventional, with 120 originations.
Loan Reason
For 2023, H E B's most frequently cited loan purpose was Other, with 52 originations. The 2nd most popular reason was Home Purchase, with 27 originations.
Loan Duration/Length
For 2023, H E B's most frequently cited loan duration was 15 Year, with 68 originations. The 2nd most popular length was Other, with 29 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 89 | $7,315,000 | $82,191 |
H E B's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 89 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 7-8% | 49 | $4,185,000 | $85,408 |
| Over 8% | 36 | $2,720,000 | $75,556 |
| 5-6% | 14 | $5,730,000 | $409,286 |
| 4-5% | 13 | $4,965,000 | $381,923 |
| 6-7% | 8 | $2,010,000 | $251,250 |
During 2023, H E B's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 7-8%, with 49 originations.
Loan Sizing
2023 saw H E B place emphasis on $100,000 or less loans with 74 originations, totaling $4,750,000 in origination value.
Applicant Income
H E B lent most frequently to those with incomes in the $150k-250k range, with 36 originations. The second most popular income band? $100k-150k, with 24 originations.
Applicant Debt to Income Ratio
H E B lent most frequently to those with DTI ratios of 30-36%, with 17 originations. The next most common DTI ratio? 20-30%, with 13 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications74.11%
H E B has a below average approval rate.
Pick Rate
Approvals leading to origination21.67%
H E B has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 120 | $19,610,000 | $163,417 |