Red River Employees Mortgage Rates, Fees & Info
Texarkana, TXLEI: 549300EAO0HUFDR48U74
Tax ID: 75-0813510
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Mortgage Data
Review & Overview
Red River Employees is a smaller mortgage company specializing in Home Purchase and Cash Out Refi loans. Red River Employees has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Texarkana, Dallas, Shreveport, Hope, and Little Rock among others. We have data for 48 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.
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 |
|---|---|---|
| 30 Year Conventional Purchase | 6.74% | 4/18/24 |
| 30 Year Conventional Refi | 8.32% | 4/18/24 |
| 30 Year Cash-out Refi | 6.55% | 4/18/24 |
| 15 Year Conventional Purchase | 6.98% | 4/18/24 |
| 15 Year Conventional Refi | 6.69% | 4/18/24 |
| 15 Year Cash-out Refi | 6.69% | 4/18/24 |
| 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. | ||
Red River Employees Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
393Origination Dollar Volume (All Markets)
$37,385,000Top 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) | 234 | $23,270,000 | $99,444 | $0 | 0.00% |
| Outside of Metro Areas | 55 | $4,655,000 | $84,636 | $0 | 0.00% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 12 | $2,600,000 | $216,667 | $0 | 0.00% |
| SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) | 8 | $610,000 | $76,250 | $0 | 0.00% |
| Hope, AR (FHA|USDA|VA) | 9 | $485,000 | $53,889 | $0 | 0.00% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 4 | $400,000 | $100,000 | $0 | 0.00% |
| LONGVIEW, TX (FHA|USDA|VA) | 4 | $360,000 | $90,000 | $0 | 0.00% |
| Paris, TX (FHA|USDA|VA) | 4 | $340,000 | $85,000 | $0 | 0.00% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 4 | $310,000 | $77,500 | $0 | 0.00% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 4 | $300,000 | $75,000 | $0 | 0.00% |
| TYLER, TX (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $0 | 0.00% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 0.00% |
| FORT SMITH, AR-OK (FHA|USDA|VA) | 3 | $205,000 | $68,333 | $0 | 0.00% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $0 | 0.00% |
| Corsicana, TX (FHA|USDA|VA) | 2 | $180,000 | $90,000 | $0 | 0.00% |
| PINE BLUFF, AR (FHA|USDA|VA) | 3 | $175,000 | $58,333 | $0 | 0.00% |
| BATON ROUGE, LA (FHA|USDA|VA) | 3 | $175,000 | $58,333 | $0 | 0.00% |
| Ruston, LA (FHA|USDA|VA) | 2 | $160,000 | $80,000 | $0 | 0.00% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
| Sulphur Springs, TX (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
| MONROE, LA (FHA|USDA|VA) | 3 | $135,000 | $45,000 | $0 | 0.00% |
| Magnolia, AR (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
| Tupelo, MS (FHA|USDA|VA) | 2 | $130,000 | $65,000 | $0 | 0.00% |
| BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) | 2 | $130,000 | $65,000 | $0 | 0.00% |
| JACKSON, MS (FHA|USDA|VA) | 2 | $120,000 | $60,000 | $0 | 0.00% |
| Mount Pleasant, TX (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
| Opelousas, LA (FHA|USDA|VA) | 2 | $100,000 | $50,000 | $0 | 0.00% |
| LAFAYETTE, LA (FHA|USDA|VA) | 2 | $90,000 | $45,000 | $0 | 0.00% |
| Camden, AR (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
| AMARILLO, TX (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
| ENID, OK (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
| WICHITA FALLS, TX (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
| LAKE CHARLES, LA (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
| Nacogdoches, TX (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
| Laurel, MS (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
| Russellville, AR (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
| Athens, TX (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
| Mineral Wells, TX (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
| Picayune, MS (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
| DeRidder, LA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
| Batesville, AR (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
| Lufkin, TX (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
| ODESSA, TX (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
| LUBBOCK, TX (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
| VICTORIA, TX (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
| Huntsville, TX (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 0.00% |
| Clarksdale, MS (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $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
For 2019, Red River Employees's most frequently originated type of loan was Conventional, with 353 originations. Their 2nd most popular type was FHA, with 27 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 296 | $27,020,000 | $91,284 | $0 | 0.00% |
| Cash Out Refi | 79 | $8,035,000 | $101,709 | $0 | 0.00% |
| Refi | 18 | $2,330,000 | $129,444 | $0 | 0.00% |
For 2019, Red River Employees's most frequently cited loan purpose was Home Purchase, with 296 originations. The 2nd most popular reason was Cash Out Refi, with 79 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 393 | $37,385,000 | $95,127 | $0 | 0.00% |
For 2019, Red River Employees's most frequently cited loan duration was Other, with 393 originations.
Loan Sizing
2019 saw Red River Employees place emphasis on $100,000 or less loans with 267 originations, totaling $14,305,000 in origination value.
Applicant Income
Red River Employees lent most frequently to those with incomes in the $50k or less range, with 119 originations. The second most popular income band? $50k-75k, with 111 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 393 | $37,385,000 | $95,127 | $0 | 0.00% |
Red River Employees lent most frequently to those with DTI ratios of Exempt%, with 393 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications72.06%
Red River Employees has a below average approval rate.
Pick Rate
Approvals leading to origination88.04%
Red River Employees has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 393 | $37,385,000 | $95,127 |