Fc Lending Ltd. Mortgage Rates, Fees & Info
HOUSTON, TXLEI: 549300IVOJIAJUT2E435
Tax ID: 26-0399209
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Mortgage Data
Review & Overview
Fc Lending Ltd. is a smaller mortgage company specializing in Home Purchase loans. Fc Lending Ltd. 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.) Their top markets by origination volume include: Houston, Dallas, and Austin among others. We have data for 3 markets. (Some data included below & more in-depth data is available with an active subscription.)Fc Lending Ltd. has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Fc Lending Ltd. is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.
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 | 7.02% | 4/5/25 |
| 30 Year FHA Purchase | 7.08% | 4/5/25 |
| 30 Year VA Purchase | 6.72% | 4/5/25 |
| 15 Year Conventional Purchase | 5.06% | 4/5/25 |
| 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. | ||
Fc Lending Ltd. Mortgage Calculator
Your Estimates
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This is not an official calculator from Fc Lending Ltd.. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
60Origination Dollar Volume (All Markets)
$29,190,000Awards
FC LENDING LTD. - 2024
FC LENDING LTD. is a 2024 , due to their low .
For 2024, less than of lenders were eligible for this award.
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Relative Rate
Fc Lending Ltd.'s average 30 year fixed mortgage rate was
7.02%.
The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.
This yields a difference of 0.47%.
Relative Fees (Closing Costs)
Fc Lending Ltd.'s average total fees/closing costs for a 30 year fixed rate
mortgage were $2,258.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $8,356.
Top 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 |
|---|---|---|---|---|---|
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 41 | $18,005,000 | $439,146 | $2,065 | 6.86% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 11 | $6,225,000 | $565,909 | $3,033 | 7.14% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 8 | $4,960,000 | $620,000 | $4,257 | 6.97% |
Similar Lenders
We use machine learning to identify the top lenders compared against FC LENDING LTD. 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 | 59 | $28,685,000 | $486,186 | $2,409 | 6.93% |
| FHA | 1 | $505,000 | $505,000 | $9,966 | 6.25% |
For 2024, Fc Lending Ltd.'s most frequently originated type of loan was Conventional, with 59 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 | 60 | $29,190,000 | $486,500 | $2,535 | 6.92% |
For 2024, Fc Lending Ltd.'s most frequently cited loan purpose was Home Purchase, with 60 originations.
Loan Duration/Length
For 2024, Fc Lending Ltd.'s most frequently cited loan duration was 30 Year, with 55 originations. The 2nd most popular length was 15 Year, with 4 originations.
Origination Fees/Closing Costs
Fc Lending Ltd.'s average total fees were $2,258, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 51 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 27 | $13,505,000 | $500,185 |
| 7-8% | 26 | $12,860,000 | $494,615 |
| 5-6% | 7 | $2,825,000 | $403,571 |
During 2024, Fc Lending Ltd.'s average interest rate for loans was 7.02%, while their most frequently originated rate bucket for loans was 6-7%, with 27 originations.
Loan Sizing
2024 saw Fc Lending Ltd. place emphasis on $400k-600k loans with 24 originations, totaling $12,170,000 in origination value.
Applicant Income
Fc Lending Ltd. lent most frequently to those with incomes in the $150k-250k range, with 27 originations. The second most popular income band? $250k+, with 17 originations.
Applicant Debt to Income Ratio
Fc Lending Ltd. lent most frequently to those with DTI ratios of 30-36%, with 10 originations. The next most common DTI ratio? 20-30%, with 9 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications99.46%
Fc Lending Ltd. has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination-36.67%
Fc Lending Ltd. 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 | 60 | $29,190,000 | $486,500 |