H E B Mortgage Rates, Fees & Info

San Antonio, TX

LEI: 549300D8S1ETG70FFW35

Tax ID: 74-6067520

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

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • 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

    H E B is a smaller mortgage company specializing in Cash Out Refi, Refi, and Home Purchase loans. H E B has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: San Antonio, Austin, Houston, Dallas, and Mcallen among others. We have data for 18 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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    15 Year Conventional Purchase 5.68% 12/16/24
    15 Year Conventional Refi 7.19% 12/16/24
    15 Year Cash-out Refi 7.19% 12/16/24
    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

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

    This is not an official calculator from H E B. 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

    183

    Origination Dollar Volume (All Markets)

    $18,555,000

    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
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 59 $5,035,000 $85,339 $2,123 5.00%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 28 $4,780,000 $170,714 $2,893 4.70%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 24 $2,200,000 $91,667 $5,301 5.19%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 7 $1,415,000 $202,143 $3,128 5.39%
    MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 21 $1,305,000 $62,143 $840 5.00%
    Outside of Metro Areas 10 $900,000 $90,000 $1,368 5.46%
    WACO, TX (FHA|USDA|VA) 7 $765,000 $109,286 $2,051 4.67%
    Brenham, TX (FHA|USDA|VA) 2 $550,000 $275,000 $5,958 5.61%
    BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 6 $390,000 $65,000 $0 4.91%
    CORPUS CHRISTI, TX (FHA|USDA|VA) 6 $250,000 $41,667 $0 5.06%
    Lufkin, TX (FHA|USDA|VA) 1 $205,000 $205,000 $3,192 3.98%
    Rockport, TX (FHA|USDA|VA) 1 $185,000 $185,000 $4,056 3.48%
    LAREDO, TX (FHA|USDA|VA) 4 $150,000 $37,500 $342 4.78%
    Big Spring, TX (FHA|USDA|VA) 1 $135,000 $135,000 $2,623 2.98%
    VICTORIA, TX (FHA|USDA|VA) 3 $115,000 $38,333 $0 4.80%
    KILLEEN-TEMPLE, TX (FHA|USDA|VA) 1 $85,000 $85,000 $291 5.26%
    ODESSA, TX (FHA|USDA|VA) 1 $65,000 $65,000 $0 4.78%
    Eagle Pass, TX (FHA|USDA|VA) 1 $25,000 $25,000 $0 4.78%
    H E B's top markets include San Antonio, Austin, Houston, Dallas, and Mcallen among others.

    Their top states include:
  • Texas (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 182 $18,480,000 $101,538 $2,681 4.97%
    FHA 1 $75,000 $75,000 $559 6.45%

    For 2019, H E B's most frequently originated type of loan was Conventional, with 182 originations. Their 2nd most popular type was FHA, with 1 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 59 $4,905,000 $83,136 $1,484 5.37%
    Refi 58 $6,100,000 $105,172 $2,259 4.65%
    Home Improvement 35 $2,065,000 $59,000 $1,406 5.36%
    Home Purchase 18 $4,820,000 $267,778 $5,950 3.72%
    Other 13 $665,000 $51,154 $1,170 5.35%

    For 2019, H E B's most frequently cited loan purpose was Cash Out Refi, with 59 originations. The 2nd most popular reason was Refi, with 58 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 92 $8,230,000 $89,457 $1,722 5.18%
    5 Year 36 $1,510,000 $41,944 $341 4.94%
    10 Year 28 $1,310,000 $46,786 $1,533 5.86%
    Other 26 $7,350,000 $282,692 $5,054 3.41%
    20 Year 1 $155,000 $155,000 $8,976 2.98%

    For 2019, H E B's most frequently cited loan duration was 15 Year, with 92 originations. The 2nd most popular length was 5 Year, with 36 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 77 $5,235,000 $67,987
    5-6% 55 $4,125,000 $75,000
    3-4% 16 $4,100,000 $256,250
    2.5-3% 13 $3,715,000 $285,769
    6-7% 12 $770,000 $64,167
    7-8% 8 $420,000 $52,500
    Over 8% 2 $190,000 $95,000

    During 2019, H E B's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 4-5%, with 77 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 142 $8,340,000 $58,732 $691 5.26%
    $100k-200k 20 $3,000,000 $150,000 $5,034 4.40%
    $200k-400k 17 $4,825,000 $283,824 $3,763 3.59%
    $400k-600k 3 $1,405,000 $468,333 $5,045 3.93%
    $600k-1MM 1 $985,000 $985,000 $5,964 2.98%

    2019 saw H E B place emphasis on $100,000 or less loans with 142 originations, totaling $8,340,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 40 $3,280,000 $82,000 $1,847 4.92%
    $150k-250k 38 $6,000,000 $157,895 $4,526 4.76%
    $50k-75k 34 $2,200,000 $64,706 $1,191 5.25%
    $100k-150k 33 $3,325,000 $100,758 $1,400 5.08%
    $75k-100k 31 $2,415,000 $77,903 $3,028 5.00%
    $250k+ 7 $1,335,000 $190,714 $2,057 4.50%

    H E B lent most frequently to those with incomes in the $50k or less range, with 40 originations. The second most popular income band? $150k-250k, with 38 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 53 $5,985,000 $112,925 $3,369 4.67%
    30-36% 39 $4,635,000 $118,846 $3,350 4.93%
    <20% 20 $1,440,000 $72,000 $781 4.96%
    42% 7 $685,000 $97,857 $2,187 5.09%
    36% 7 $565,000 $80,714 $1,229 5.10%
    38% 7 $685,000 $97,857 $2,220 4.98%
    40% 7 $755,000 $107,857 $1,662 4.96%
    43% 6 $460,000 $76,667 $293 5.78%
    41% 5 $695,000 $139,000 $2,742 4.97%
    49% 5 $335,000 $67,000 $2,555 5.71%
    50-60% 4 $240,000 $60,000 $6,199 5.24%
    45% 4 $330,000 $82,500 $6,458 6.47%
    46% 4 $210,000 $52,500 $307 5.53%
    39% 3 $565,000 $188,333 $2,499 5.06%
    47% 3 $305,000 $101,667 $2,445 4.89%
    48% 3 $265,000 $88,333 $2,960 4.76%
    44% 3 $165,000 $55,000 $0 5.08%
    37% 3 $235,000 $78,333 $0 4.86%

    H E B lent most frequently to those with DTI ratios of 20-30%, with 53 originations. The next most common DTI ratio? 30-36%, with 39 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 167 $17,265,000 $103,383 $2,693 4.96%
    Not provided 6 $680,000 $113,333 $3,562 4.81%
    Black 7 $405,000 $57,857 $289 5.58%
    Asian 2 $110,000 $55,000 $0 4.93%
    American Indian 1 $95,000 $95,000 $0 4.70%

    Approval Rates

    Total approvals of all applications
    80.69%

    H E B has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    82.51%

    H E B has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 183 $18,555,000 $101,393

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 183 $18,555,000 $101,393

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 42 $2,650,000 $63,095 $1,417 5.60%
    40-60% 39 $3,385,000 $86,795 $2,171 4.70%
    60-80% 52 $8,810,000 $169,423 $4,626 4.47%
    80-100% 20 $2,160,000 $108,000 $1,882 4.67%
    Under 20% 30 $1,550,000 $51,667 $1,110 5.54%