Fc Lending Ltd. Mortgage Rates, Fees & Info

HOUSTON, TX

LEI: 549300IVOJIAJUT2E435

Tax ID: 26-0399209

4.1 stars - out of 5 stars, based on 21 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


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 an average proportion of FHA loans. Their top markets include Houston, Austin, Dallas, San Antonio, and Waco among others. Fc Lending Ltd. has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Fc Lending Ltd. is typically an average fee lendor.


Originations

454

Origination Dollar Volume (All Markets)

$172,400,000

Awards

FC LENDING LTD. 30 Year Conventional Loans bronze FC LENDING LTD. 30 Year Conventional Loans bronze
Show all (2) awards

Relative Rate

Fc Lending Ltd.'s average 30 year fixed rate mortgage of loans were 3.19%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of 0.04%.

Relative Fees

Fc Lending Ltd.'s average total fees for a 30 year fixed rate mortgage are $5,551.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 193 $71,105,000 $368,420 $5,492 3.17%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 129 $49,395,000 $382,907 $5,424 3.10%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 88 $37,550,000 $426,705 $4,315 3.22%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 42 $13,960,000 $332,381 $8,143 3.04%
Outside of Metro Areas 1 $235,000 $235,000 $1,300 2.88%
WACO, TX (FHA|USDA|VA) 1 $155,000 $155,000 $4,490 3.25%

Fc Lending Ltd.'s top markets include Houston, Austin, Dallas, San Antonio, and Waco among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 371 $140,325,000 $378,235 $4,379 3.16%
VA 47 $20,695,000 $440,319 $11,419 2.91%
FHA 36 $11,380,000 $316,111 $9,053 3.35%

For the 2021 period, Fc Lending Ltd.'s most frequently originated loan type of loans were Conventional, with 371 originations. Their 2nd most popular type is VA, with 47 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 442 $169,780,000 $384,118 $5,533 3.14%
Refi 12 $2,620,000 $218,333 $3,476 3.18%

For the 2021, Fc Lending Ltd.'s most frequently cited loan purpose of loans were Home Purchase, with 442 originations. The 2nd most popular reason of loans were Refi, with 12 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 422 $162,560,000 $385,213 $5,551 3.19%
15 Year 26 $7,700,000 $296,154 $3,966 2.56%
20 Year 4 $1,390,000 $347,500 $7,801 3.13%
10 Year 2 $750,000 $375,000 $5,137 2.19%

For the 2021, Fc Lending Ltd.'s most frequently cited loan length of loans were 30 Year, with 422 originations. The 2nd most popular length of loans were 15 Year, with 26 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 265 $102,415,000 $386,472
$1k-2k 55 $19,045,000 $346,273
$5k+ 49 $21,125,000 $431,122
$3k-4k 46 $16,370,000 $355,870
$2k-3k 39 $13,445,000 $344,744

$5,551 of loans were Fc Lending Ltd.'s average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 265 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
3-4% 262 $101,630,000 $387,901
2.5-3% 151 $55,625,000 $368,377
<2.5% 34 $12,300,000 $361,765
4-5% 7 $2,845,000 $406,429

During 2021, Fc Lending Ltd.'s average interest rate of loans were 3.19%, while their most frequently originated rate bucket of loans were 3-4%, with 262 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 244 $78,100,000 $320,082 $5,529 3.15%
$400k-600k 166 $79,640,000 $479,759 $5,457 3.15%
$100k-200k 28 $4,060,000 $145,000 $2,841 3.08%
$600k-1MM 14 $9,500,000 $678,571 $10,106 3.18%
$100,000 or less 1 $95,000 $95,000 $1,000 2.50%
$1MM+ 1 $1,005,000 $1,005,000 $10,086 3.25%

2021 saw Fc Lending Ltd. place emphasis on $200k-400k loans with 244 originations, totaling $78,100,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 142 $54,440,000 $383,380 $5,619 3.18%
$150k-250k 134 $58,040,000 $433,134 $4,974 3.17%
$75k-100k 87 $28,755,000 $330,517 $5,523 3.06%
$50k-75k 47 $13,455,000 $286,277 $6,402 3.16%
$250k+ 33 $15,735,000 $476,818 $6,154 3.16%
$50k or less 11 $1,975,000 $179,545 $3,478 2.95%

Fc Lending Ltd. lent most frequently to those with incomes in the $100k-150k range, with 142 originations. The second most popular income band? $150k-250k, with 134 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 91 $32,505,000 $357,198 $4,189 3.09%
30-36% 76 $28,440,000 $374,211 $4,160 3.15%
49% 29 $10,445,000 $360,172 $6,507 3.22%
50-60% 28 $11,370,000 $406,071 $10,525 3.01%
42% 25 $9,535,000 $381,400 $5,488 3.29%
37% 24 $9,970,000 $415,417 $5,344 3.18%
44% 23 $8,955,000 $389,348 $4,832 3.20%
43% 17 $6,525,000 $383,824 $7,603 3.13%
38% 17 $6,495,000 $382,059 $4,576 2.86%
47% 17 $6,735,000 $396,176 $5,102 3.21%
39% 16 $5,900,000 $368,750 $5,044 3.35%
<20% 15 $6,135,000 $409,000 $5,171 3.12%
36% 13 $4,245,000 $326,538 $5,219 3.21%
41% 13 $5,425,000 $417,308 $4,231 3.15%
45% 13 $5,185,000 $398,846 $8,102 3.11%
46% 12 $4,140,000 $345,000 $3,186 3.14%
40% 12 $4,640,000 $386,667 $7,950 3.06%
48% 11 $4,665,000 $424,091 $9,212 3.40%
>60% 2 $1,090,000 $545,000 $7,251 3.13%

Fc Lending Ltd. lent most frequently to those with DTI ratios of 20-30%, with 91 originations. The next most common DTI ratio? 30-36%, with 76 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 232 $85,910,000 $370,302 $5,592 3.13%
Asian 102 $39,380,000 $386,078 $4,418 3.13%
Black 69 $26,335,000 $381,667 $6,436 3.30%
Not provided 48 $19,260,000 $401,250 $5,963 3.05%
Asian Indian 2 $970,000 $485,000 $4,412 3.00%
American Indian 1 $545,000 $545,000 $5 3.00%

Approval Rates

Total approvals of all applications
98.75%

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
74.17%

Fc Lending Ltd. has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 454 $172,400,000 $379,736

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
454 $172,400,000 $379,736

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 17 $2,385,000 $140,294 $2,670 2.87%
40-60% 32 $8,820,000 $275,625 $4,229 2.89%
60-80% 135 $54,925,000 $406,852 $4,671 3.19%
80-100% 262 $102,050,000 $389,504 $5,709 3.18%
Over 100% 8 $4,220,000 $527,500 $22,488 2.90%

Complaints

Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
FC LENDING, LTD. Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 33.3%
FC LENDING, LTD. VA mortgage Applying for a mortgage or refinancing an existing mortgage 1 33.3%
FC LENDING, LTD. VA mortgage Closing on a mortgage 1 33.3%