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

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  • 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 Refi and Other loans. H E B has a high proportion of conventional loans. Their top markets by origination volume include: San Antonio, Austin, Houston, Dallas, and Corpus Christi among others. We have data for 21 markets. (Some data included below & more in-depth data is available with an active subscription.)

    H E B has a below 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.

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    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

    158

    Origination Dollar Volume (All Markets)

    $28,450,000

    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) 57 $8,925,000 $156,579 $1,026 3.76%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 24 $5,480,000 $228,333 $2,290 2.97%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 20 $4,490,000 $224,500 $2,428 3.32%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 10 $2,900,000 $290,000 $2,664 3.39%
    Outside of Metro Areas 5 $2,225,000 $445,000 $2,246 5.32%
    CORPUS CHRISTI, TX (FHA|USDA|VA) 8 $910,000 $113,750 $1,296 4.18%
    MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 9 $775,000 $86,111 $498 3.66%
    MIDLAND, TX (FHA|USDA|VA) 3 $675,000 $225,000 $3,045 3.18%
    BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 7 $645,000 $92,143 $960 3.49%
    Huntsville, TX (FHA|USDA|VA) 1 $235,000 $235,000 $3,013 2.28%
    WACO, TX (FHA|USDA|VA) 2 $230,000 $115,000 $304 3.86%
    Bay City, TX (FHA|USDA|VA) 2 $210,000 $105,000 $396 3.05%
    BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 1 $205,000 $205,000 $2,953 2.28%
    LAREDO, TX (FHA|USDA|VA) 2 $110,000 $55,000 $491 3.85%
    ABILENE, TX (FHA|USDA|VA) 1 $95,000 $95,000 $1,066 3.78%
    KILLEEN-TEMPLE, TX (FHA|USDA|VA) 1 $95,000 $95,000 $491 3.82%
    El Campo, TX (FHA|USDA|VA) 1 $95,000 $95,000 $491 3.83%
    Rio Grande City-Roma, TX (FHA|USDA|VA) 1 $55,000 $55,000 $491 3.71%
    Corsicana, TX (FHA|USDA|VA) 1 $55,000 $55,000 $507 3.93%
    Raymondville, TX (FHA|USDA|VA) 1 $25,000 $25,000 $491 3.91%
    Kingsville, TX (FHA|USDA|VA) 1 $15,000 $15,000 $516 4.47%
    H E B's top markets include San Antonio, Austin, Houston, Dallas, and Corpus Christi among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 158 $28,450,000 $180,063 $1,540 3.58%

    For 2021, H E B's most frequently originated type of loan was Conventional, with 158 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 71 $14,615,000 $205,845 $1,736 3.28%
    Other 47 $6,455,000 $137,340 $706 3.88%
    Home Improvement 22 $1,990,000 $90,455 $972 4.45%
    Home Purchase 18 $5,390,000 $299,444 $4,456 2.86%

    For 2021, H E B's most frequently cited loan purpose was Refi, with 71 originations. The 2nd most popular reason was Other, with 47 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 90 $10,980,000 $122,000 $960 4.04%
    Other 41 $15,085,000 $367,927 $3,275 2.37%
    10 Year 17 $1,245,000 $73,235 $712 4.29%
    20 Year 5 $925,000 $185,000 $7,125 2.24%
    5 Year 5 $215,000 $43,000 $432 3.92%

    For 2021, H E B's most frequently cited loan duration was 15 Year, with 90 originations. The 2nd most popular length was Other, with 41 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 106 $11,930,000 $112,547
    $1k-2k 2 $450,000 $225,000

    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 106 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 80 $9,190,000 $114,875
    <2.5% 54 $17,380,000 $321,852
    6-7% 13 $1,045,000 $80,385
    4-5% 8 $370,000 $46,250
    2.5-3% 1 $155,000 $155,000
    7-8% 1 $55,000 $55,000

    During 2021, H E B's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 3-4%, with 80 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 79 $5,195,000 $65,759 $450 4.31%
    $100k-200k 34 $5,110,000 $150,294 $1,916 3.34%
    $200k-400k 31 $8,655,000 $279,194 $2,864 2.51%
    $400k-600k 6 $3,010,000 $501,667 $4,634 2.26%
    $600k-1MM 6 $4,180,000 $696,667 $4,067 2.25%
    $1MM+ 2 $2,300,000 $1,150,000 $7,222 2.84%

    2021 saw H E B place emphasis on $100,000 or less loans with 79 originations, totaling $5,195,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 34 $8,500,000 $250,000 $1,952 3.28%
    $100k-150k 31 $5,305,000 $171,129 $1,498 3.52%
    $75k-100k 30 $3,040,000 $101,333 $1,122 4.02%
    $50k-75k 25 $2,365,000 $94,600 $864 3.62%
    $250k+ 19 $7,995,000 $420,789 $3,260 3.23%
    $50k or less 19 $1,245,000 $65,526 $846 3.82%

    H E B lent most frequently to those with incomes in the $150k-250k range, with 34 originations. The second most popular income band? $100k-150k, with 31 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 48 $8,240,000 $171,667 $1,222 3.49%
    30-36% 27 $4,635,000 $171,667 $1,696 3.58%
    <20% 26 $5,770,000 $221,923 $1,652 3.12%
    49% 8 $690,000 $86,250 $646 4.25%
    47% 7 $735,000 $105,000 $851 5.08%
    37% 7 $1,325,000 $189,286 $1,584 3.71%
    38% 6 $1,620,000 $270,000 $2,258 3.30%
    36% 5 $1,055,000 $211,000 $1,725 3.04%
    41% 5 $1,045,000 $209,000 $2,124 3.80%
    40% 4 $980,000 $245,000 $2,850 4.13%
    39% 4 $970,000 $242,500 $2,900 2.60%
    46% 3 $205,000 $68,333 $284 4.86%
    42% 3 $415,000 $138,333 $2,435 3.29%
    43% 2 $520,000 $260,000 $3,519 3.78%
    44% 1 $75,000 $75,000 $181 3.86%
    48% 1 $125,000 $125,000 $3,266 3.83%
    45% 1 $45,000 $45,000 $506 3.79%

    H E B lent most frequently to those with DTI ratios of 20-30%, with 48 originations. The next most common DTI ratio? 30-36%, with 27 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 138 $24,770,000 $179,493 $1,502 3.57%
    Not provided 15 $2,335,000 $155,667 $1,000 3.44%
    Black 3 $865,000 $288,333 $4,847 3.67%
    Asian 2 $480,000 $240,000 $2,804 5.39%

    Approval Rates

    Total approvals of all applications
    69.63%

    H E B has a low approval rate. They may have poor market targeting or stringent lending standards.

    Pick Rate

    Approvals leading to origination
    64.56%

    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 158 $28,450,000 $180,063

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    158 $28,450,000 $180,063

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 27 $3,905,000 $144,630 $1,238 4.00%
    40-60% 40 $6,420,000 $160,500 $1,404 3.31%
    60-80% 51 $10,475,000 $205,392 $1,638 3.38%
    80-100% 14 $2,450,000 $175,000 $1,588 3.59%
    Under 20% 25 $4,545,000 $181,800 $1,870 4.01%