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 loans. Fc Lending Ltd. has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Houston, Austin, Dallas, San Antonio, and Waco among others. We have data for 6 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 an average 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 | 6.56% | 3/19/23 |
| 30 Year Conventional Refi | 6.65% | 3/19/23 |
| 30 Year Cash-out Refi | 6.27% | 3/19/23 |
| 30 Year FHA Purchase | 7.58% | 3/19/23 |
| 30 Year FHA Refi | 6.27% | 3/19/23 |
| 30 Year VA Purchase | 6.21% | 3/19/23 |
| 30 Year VA Refi | 6.27% | 3/19/23 |
| 15 Year Conventional Purchase | 5.80% | 3/19/23 |
| 15 Year Conventional Refi | 5.82% | 3/19/23 |
| 15 Year Cash-out Refi | 5.82% | 3/19/23 |
| 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. | ||
Originations
454Origination Dollar Volume (All Markets)
$172,400,000Awards
FC LENDING LTD. - 2021
FC LENDING LTD. is a 2021 , due to their low .
For 2021, 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
3.19%.
The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.
This yields a difference of 0.04%.
Relative Fees (Closing Costs)
Fc Lending Ltd.'s average total fees/closing costs for a 30 year fixed rate
mortgage were $5,551.
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 $4,750.
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) | 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% |
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 | 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 2021, Fc Lending Ltd.'s most frequently originated type of loan was Conventional, with 371 originations. Their 2nd most popular type was VA, with 47 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. 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 2021, Fc Lending Ltd.'s most frequently cited loan purpose was Home Purchase, with 442 originations. The 2nd most popular reason was Refi, with 12 originations.
Loan Duration/Length
For 2021, Fc Lending Ltd.'s most frequently cited loan duration was 30 Year, with 422 originations. The 2nd most popular length was 15 Year, with 26 originations.
Origination Fees/Closing Costs
Fc Lending Ltd.'s average total fees were $5,551, while their most frequently occuring range of origination fees (closing costs) 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 for loans was 3.19%, while their most frequently originated rate bucket for loans was 3-4%, with 262 originations.
Loan Sizing
2021 saw Fc Lending Ltd. place emphasis on $200k-400k loans with 244 originations, totaling $78,100,000 in origination value.
Applicant Income
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
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
Approval Rates
Total approvals of all applications99.02%
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 origination72.25%
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 |
LTV Distribution
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% |