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 Refi loans. Red River Employees 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.) They have a low ratio of USDA loans. Their top markets by origination volume include: Texarkana, Dallas, Paris, Fayetteville, and Little Rock among others. We have data for 80 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% | 4/21/24 |
| 30 Year Conventional Refi | 8.32% | 4/21/24 |
| 30 Year Cash-out Refi | 6.55% | 4/21/24 |
| 15 Year Conventional Purchase | 6.98% | 4/21/24 |
| 15 Year Conventional Refi | 6.69% | 4/21/24 |
| 15 Year Cash-out Refi | 6.69% | 4/21/24 |
| 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
606Origination Dollar Volume (All Markets)
$54,080,000Top 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) | 197 | $17,485,000 | $88,756 | $0 | 0.00% |
| Outside of Metro Areas | 130 | $10,230,000 | $78,692 | $0 | 0.00% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 21 | $5,085,000 | $242,143 | $0 | 0.00% |
| Paris, TX (FHA|USDA|VA) | 18 | $1,600,000 | $88,889 | $0 | 0.00% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 7 | $1,375,000 | $196,429 | $0 | 0.00% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 14 | $1,320,000 | $94,286 | $0 | 0.00% |
| LONGVIEW, TX (FHA|USDA|VA) | 11 | $1,265,000 | $115,000 | $0 | 0.00% |
| Hope, AR (FHA|USDA|VA) | 24 | $1,170,000 | $48,750 | $0 | 0.00% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 11 | $1,145,000 | $104,091 | $0 | 0.00% |
| SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) | 15 | $1,125,000 | $75,000 | $0 | 0.00% |
| HOT SPRINGS, AR (FHA|USDA|VA) | 4 | $1,020,000 | $255,000 | $0 | 0.00% |
| Meridian, MS (FHA|USDA|VA) | 5 | $585,000 | $117,000 | $0 | 0.00% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 7 | $585,000 | $83,571 | $0 | 0.00% |
| Sulphur Springs, TX (FHA|USDA|VA) | 4 | $570,000 | $142,500 | $0 | 0.00% |
| Athens, TX (FHA|USDA|VA) | 6 | $560,000 | $93,333 | $0 | 0.00% |
| Corsicana, TX (FHA|USDA|VA) | 6 | $460,000 | $76,667 | $0 | 0.00% |
| Nacogdoches, TX (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $0 | 0.00% |
| MONROE, LA (FHA|USDA|VA) | 7 | $425,000 | $60,714 | $0 | 0.00% |
| BATON ROUGE, LA (FHA|USDA|VA) | 6 | $420,000 | $70,000 | $0 | 0.00% |
| FORT SMITH, AR-OK (FHA|USDA|VA) | 5 | $285,000 | $57,000 | $0 | 0.00% |
| HATTIESBURG, MS (FHA|USDA|VA) | 4 | $280,000 | $70,000 | $0 | 0.00% |
| ABILENE, TX (FHA|USDA|VA) | 3 | $275,000 | $91,667 | $0 | 0.00% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 3 | $275,000 | $91,667 | $0 | 0.00% |
| LAFAYETTE, LA (FHA|USDA|VA) | 5 | $265,000 | $53,000 | $0 | 0.00% |
| Branson, MO (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $0 | 0.00% |
| BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) | 3 | $225,000 | $75,000 | $0 | 0.00% |
| HAMMOND, LA (FHA|USDA|VA) | 4 | $220,000 | $55,000 | $0 | 0.00% |
| Bogalusa, LA (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $0 | 0.00% |
| JONESBORO, AR (FHA|USDA|VA) | 3 | $205,000 | $68,333 | $0 | 0.00% |
| WACO, TX (FHA|USDA|VA) | 2 | $200,000 | $100,000 | $0 | 0.00% |
| Russellville, AR (FHA|USDA|VA) | 3 | $195,000 | $65,000 | $0 | 0.00% |
| LAKE CHARLES, LA (FHA|USDA|VA) | 3 | $195,000 | $65,000 | $0 | 0.00% |
| AMARILLO, TX (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $0 | 0.00% |
| Malvern, AR (FHA|USDA|VA) | 3 | $185,000 | $61,667 | $0 | 0.00% |
| Alice, TX (FHA|USDA|VA) | 2 | $180,000 | $90,000 | $0 | 0.00% |
| ODESSA, TX (FHA|USDA|VA) | 3 | $165,000 | $55,000 | $0 | 0.00% |
| JACKSON, MS (FHA|USDA|VA) | 2 | $160,000 | $80,000 | $0 | 0.00% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 2 | $160,000 | $80,000 | $0 | 0.00% |
| El Dorado, AR (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 2 | $150,000 | $75,000 | $0 | 0.00% |
| Jennings, LA (FHA|USDA|VA) | 3 | $145,000 | $48,333 | $0 | 0.00% |
| GULFPORT-BILOXI, MS (FHA|USDA|VA) | 3 | $135,000 | $45,000 | $0 | 0.00% |
| Arkadelphia, AR (FHA|USDA|VA) | 3 | $135,000 | $45,000 | $0 | 0.00% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 2 | $130,000 | $65,000 | $0 | 0.00% |
| LUBBOCK, TX (FHA|USDA|VA) | 2 | $120,000 | $60,000 | $0 | 0.00% |
| ALEXANDRIA, LA (FHA|USDA|VA) | 2 | $110,000 | $55,000 | $0 | 0.00% |
| VICTORIA, TX (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
| Fort Polk South, LA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 0.00% |
| Brownwood, TX (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 0.00% |
| Mount Pleasant, TX (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
| Camden, AR (FHA|USDA|VA) | 2 | $80,000 | $40,000 | $0 | 0.00% |
| Granbury, TX (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
| Beeville, TX (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
| Grenada, MS (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
| Harrison, AR (FHA|USDA|VA) | 2 | $70,000 | $35,000 | $0 | 0.00% |
| DeRidder, LA (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
| Palestine, TX (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
| Stephenville, TX (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
| MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
| Bay City, TX (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
| Batesville, AR (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
| PINE BLUFF, AR (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
| Columbus, MS (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
| TYLER, TX (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
| Ruston, LA (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
| Snyder, TX (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
| Huntsville, TX (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
| Mountain Home, AR (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
| Natchitoches, LA (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
| HOUMA-THIBODAUX, LA (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
| Clarksdale, MS (FHA|USDA|VA) | 2 | $40,000 | $20,000 | $0 | 0.00% |
| Magnolia, AR (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 0.00% |
| Greenwood, MS (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 0.00% |
| Levelland, TX (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 0.00% |
| McComb, MS (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 0.00% |
| Bonham, TX (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $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 2020, Red River Employees's most frequently originated type of loan was Conventional, with 596 originations. Their 2nd most popular type was VA, with 5 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 495 | $40,185,000 | $81,182 | $0 | 0.00% |
| Refi | 83 | $11,095,000 | $133,675 | $0 | 0.00% |
| Cash Out Refi | 28 | $2,800,000 | $100,000 | $0 | 0.00% |
For 2020, Red River Employees's most frequently cited loan purpose was Home Purchase, with 495 originations. The 2nd most popular reason was Refi, with 83 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 606 | $54,080,000 | $89,241 | $0 | 0.00% |
For 2020, Red River Employees's most frequently cited loan duration was Other, with 606 originations.
Loan Sizing
2020 saw Red River Employees place emphasis on $100,000 or less loans with 436 originations, totaling $23,580,000 in origination value.
Applicant Income
Red River Employees lent most frequently to those with incomes in the $50k or less range, with 174 originations. The second most popular income band? $50k-75k, with 163 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 606 | $54,080,000 | $89,241 | $0 | 0.00% |
Red River Employees lent most frequently to those with DTI ratios of Exempt%, with 606 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications86.62%
Red River Employees has an average approval rate.
Pick Rate
Approvals leading to origination8.75%
Red River Employees 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 |
|---|---|---|---|
| Exempt | 606 | $54,080,000 | $89,241 |