Red River Employees Mortgage Rates, Fees & Info
Texarkana, TXLEI: 549300EAO0HUFDR48U74
Tax ID: 75-0813510
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Red River Employees is a smaller mortgage company specializing in Home Purchase loans. Red River Employees has a high proportion of conventional loans. Their top markets by origination volume include: Texarkana, Dallas, Magnolia, Longview, and Shreveport among others. We have data for 26 markets. (Some data included below & more in-depth data is available with an active subscription.)Red River Employees 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.
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Originations
352Origination Dollar Volume (All Markets)
$55,080,000Top 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 |
|---|---|---|---|---|---|
| TEXARKANA, TX-AR (FHA|USDA|VA) | 183 | $28,195,000 | $154,071 | $0 | 0.00% |
| Outside of Metro Areas | 64 | $8,050,000 | $125,781 | $0 | 0.00% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 10 | $3,150,000 | $315,000 | $0 | 0.00% |
| Magnolia, AR (FHA|USDA|VA) | 2 | $2,540,000 | $1,270,000 | $0 | 0.00% |
| LONGVIEW, TX (FHA|USDA|VA) | 10 | $2,340,000 | $234,000 | $0 | 0.00% |
| SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) | 24 | $1,860,000 | $77,500 | $0 | 0.00% |
| Paris, TX (FHA|USDA|VA) | 12 | $1,750,000 | $145,833 | $0 | 0.00% |
| Hope, AR (FHA|USDA|VA) | 10 | $1,140,000 | $114,000 | $0 | 0.00% |
| Sulphur Springs, TX (FHA|USDA|VA) | 6 | $870,000 | $145,000 | $0 | 0.00% |
| HOT SPRINGS, AR (FHA|USDA|VA) | 3 | $815,000 | $271,667 | $0 | 0.00% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 1 | $725,000 | $725,000 | $0 | 0.00% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 1 | $625,000 | $625,000 | $0 | 0.00% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 3 | $505,000 | $168,333 | $0 | 0.00% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $0 | 0.00% |
| Clarksdale, MS (FHA|USDA|VA) | 6 | $360,000 | $60,000 | $0 | 0.00% |
| PINE BLUFF, AR (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $0 | 0.00% |
| FORT SMITH, AR-OK (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $0 | 0.00% |
| Mount Pleasant, TX (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $0 | 0.00% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $0 | 0.00% |
| El Dorado, AR (FHA|USDA|VA) | 2 | $130,000 | $65,000 | $0 | 0.00% |
| Ruston, LA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
| Minden, LA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
| TUCSON, AZ (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
| MONROE, LA (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against RED RIVER EMPLOYEES based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 352 | $55,080,000 | $156,477 | $0 | 0.00% |
For 2024, Red River Employees's most frequently originated type of loan was Conventional, with 352 originations.
Loan Reason
For 2024, Red River Employees's most frequently cited loan purpose was Home Purchase, with 171 originations. The 2nd most popular reason was Other, with 83 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 352 | $55,080,000 | $156,477 | $0 | 0.00% |
For 2024, Red River Employees's most frequently cited loan duration was Other, with 352 originations.
Loan Sizing
2024 saw Red River Employees place emphasis on $100,000 or less loans with 154 originations, totaling $9,280,000 in origination value.
Applicant Income
Red River Employees lent most frequently to those with incomes in the $100k-150k range, with 71 originations. The second most popular income band? $75k-100k, with 70 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 352 | $55,080,000 | $156,477 | $0 | 0.00% |
Red River Employees lent most frequently to those with DTI ratios of Exempt%, with 352 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications87.07%
Red River Employees has an average approval rate.
Pick Rate
Approvals leading to origination89.77%
Red River Employees has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 352 | $55,080,000 | $156,477 |