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 Home Purchase and Refi loans. H E B has a high proportion of conventional loans. Their top markets by origination volume include: San Antonio, Austin, Houston, Dallas, and Mcallen among others. We have data for 22 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% | 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
150Origination Dollar Volume (All Markets)
$23,360,000Top 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) | 57 | $7,085,000 | $124,298 | $1,135 | 5.67% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 19 | $4,345,000 | $228,684 | $2,630 | 5.31% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 22 | $3,710,000 | $168,636 | $40,808 | 5.69% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 8 | $3,020,000 | $377,500 | $5,126 | 4.18% |
| MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) | 12 | $1,280,000 | $106,667 | $1,189 | 5.90% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 7 | $755,000 | $107,857 | $1,302 | 4.37% |
| Outside of Metro Areas | 4 | $710,000 | $177,500 | $1,959 | 4.02% |
| EL PASO, TX (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $5,251 | 4.28% |
| VICTORIA, TX (FHA|USDA|VA) | 4 | $430,000 | $107,500 | $1,661 | 4.54% |
| LUBBOCK, TX (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $4,187 | 4.28% |
| WACO, TX (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $2,678 | 2.28% |
| BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) | 3 | $155,000 | $51,667 | $544 | 4.42% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,723 | 2.89% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 2 | $140,000 | $70,000 | $494 | 5.84% |
| Kingsville, TX (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 7.00% |
| ABILENE, TX (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $591 | 6.44% |
| Big Spring, TX (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $434 | 7.49% |
| Stephenville, TX (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $559 | 4.59% |
| LAREDO, TX (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $534 | 5.93% |
| Huntsville, TX (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 4.48% |
| WICHITA FALLS, TX (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $2,585 | 5.28% |
| Kerrville, TX (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $234 | 6.98% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 148 | $23,170,000 | $156,554 | $7,599 | 5.36% |
| HELOC | 2 | $190,000 | $95,000 | n/a | 6.25% |
For 2022, H E B's most frequently originated type of loan was Conventional, with 148 originations. Their 2nd most popular type was HELOC, with 2 originations.
Loan Reason
For 2022, H E B's most frequently cited loan purpose was Other, with 56 originations. The 2nd most popular reason was Home Improvement, with 40 originations.
Loan Duration/Length
For 2022, H E B's most frequently cited loan duration was 15 Year, with 70 originations. The 2nd most popular length was Other, with 37 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 107 | $8,545,000 | $79,860 |
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 107 originations.
Interest Rates
During 2022, H E B's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 6-7%, with 44 originations.
Loan Sizing
2022 saw H E B place emphasis on $100,000 or less loans with 97 originations, totaling $5,945,000 in origination value.
Applicant Income
H E B lent most frequently to those with incomes in the $150k-250k range, with 45 originations. The second most popular income band? $100k-150k, with 39 originations.
Applicant Debt to Income Ratio
H E B lent most frequently to those with DTI ratios of 30-36%, with 28 originations. The next most common DTI ratio? 20-30%, with 26 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications71.56%
H E B has a below average approval rate.
Pick Rate
Approvals leading to origination54.67%
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 | 150 | $23,360,000 | $155,733 |