Colonial Savings F.a. Mortgage Rates, Fees & Info
Fort Worth, TXLEI: 549300EMNQ2QLOEPQ289
Tax ID: 75-1103106
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Colonial Savings F.a. is a smaller mortgage company specializing in Home Purchase and Other loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Mountain Home, Huntington, and Kennewick among others. We have data for 3 markets. (Some data included below & more in-depth data is available with an active subscription.)Colonial Savings F.a. has an above average approval rate when compared to the average across all 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.
Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.
Originations
3Origination Dollar Volume (All Markets)
$935,000Top 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 |
|---|---|---|---|---|---|
| Mountain Home, ID (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $2,692 | 4.00% |
| HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $2,505 | 3.38% |
| KENNEWICK-RICHLAND, WA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,495 | 4.38% |
Similar Lenders
We use machine learning to identify the top lenders compared against Colonial Savings F.A. based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 16
Similarity Rank: 42
Similarity Rank: 44
Similarity Rank: 49
Similarity Rank: 68
Similarity Rank: 80
Similarity Rank: 82
Similarity Rank: 84
Similarity Rank: 84
Similarity Rank: 88
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| VA | 2 | $750,000 | $375,000 | $2,599 | 3.69% |
| FHA | 1 | $185,000 | $185,000 | $2,495 | 4.38% |
For 2024, Colonial Savings F.a.'s most frequently originated type of loan was VA, with 2 originations. Their 2nd most popular type was FHA, with 1 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 2 | $610,000 | $305,000 | $2,594 | 4.19% |
| Other | 1 | $325,000 | $325,000 | $2,505 | 3.38% |
For 2024, Colonial Savings F.a.'s most frequently cited loan purpose was Home Purchase, with 2 originations. The 2nd most popular reason was Other, with 1 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 3 | $935,000 | $311,667 | $2,564 | 3.92% |
For 2024, Colonial Savings F.a.'s most frequently cited loan duration was Other, with 3 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 3 | $935,000 | $311,667 |
Colonial Savings F.a.'s average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 3 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 2 | $750,000 | $375,000 |
| 4-5% | 1 | $185,000 | $185,000 |
During 2024, Colonial Savings F.a.'s average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 3-4%, with 2 originations.
Loan Sizing
2024 saw Colonial Savings F.a. place emphasis on $100k-200k loans with 1 originations, totaling $185,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100k-150k | 2 | $750,000 | $375,000 | $2,599 | 3.69% |
| $75k-100k | 1 | $185,000 | $185,000 | $2,495 | 4.38% |
Colonial Savings F.a. lent most frequently to those with incomes in the $100k-150k range, with 2 originations. The second most popular income band? $75k-100k, with 1 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-30% | 1 | $325,000 | $325,000 | $2,505 | 3.38% |
| 30-36% | 1 | $425,000 | $425,000 | $2,692 | 4.00% |
| 36% | 1 | $185,000 | $185,000 | $2,495 | 4.38% |
Colonial Savings F.a. lent most frequently to those with DTI ratios of 20-30%, with 1 originations. The next most common DTI ratio? 30-36%, with 1 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 3 | $935,000 | $311,667 | $2,564 | 3.92% |
Approval Rates
Total approvals of all applications100.00%
Colonial Savings F.a. has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 3 | $935,000 | $311,667 |