Fc Lending Ltd. Mortgage Rates, Fees & Info

HOUSTON, TX

LEI: 549300IVOJIAJUT2E435

Tax ID: 26-0399209

5 stars - Updated: 5/14/24 - out of 5 stars, based on 19 reviews

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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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 an average proportion of FHA loans. Their top markets by origination volume include: Houston, Austin, Dallas, San Antonio, and Gainesville among others. We have data for 5 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 relatively high 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.

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.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.41% 5/14/24
30 Year Conventional Refi 6.86% 5/14/24
30 Year Cash-out Refi 6.74% 5/14/24
30 Year FHA Purchase 7.32% 5/14/24
30 Year VA Purchase 5.87% 5/14/24
15 Year Conventional Purchase 5.55% 5/14/24
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.

Fc Lending Ltd. Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Fc Lending Ltd.. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

365

Origination Dollar Volume (All Markets)

$180,085,000
Show all (5) awards

Relative Rate

Fc Lending Ltd.'s average 30 year fixed mortgage rate was 6.52%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

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 $4,966.

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 $9,089.

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) 164 $72,990,000 $445,061 $4,745 6.50%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 98 $53,820,000 $549,184 $4,577 6.48%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 96 $50,620,000 $527,292 $5,641 6.51%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 6 $2,250,000 $375,000 $6,485 6.08%
Gainesville, TX (FHA|USDA|VA) 1 $405,000 $405,000 $10,129 7.38%
Fc Lending Ltd.'s top markets include Houston, Austin, Dallas, San Antonio, and Gainesville among others.

Their top states include:
  • Texas (FHA|USDA|VA)
  • 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.

    HOMEAMERICAN MORTGAGE CORPORATION
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 311 $154,155,000 $495,675 $4,344 6.56%
    FHA 27 $10,645,000 $394,259 $9,515 6.58%
    VA 27 $15,285,000 $566,111 $7,743 5.71%

    For 2023, Fc Lending Ltd.'s most frequently originated type of loan was Conventional, with 311 originations. Their 2nd most popular type was FHA, with 27 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 365 $180,085,000 $493,384 $4,980 6.50%

    For 2023, Fc Lending Ltd.'s most frequently cited loan purpose was Home Purchase, with 365 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 346 $172,080,000 $497,341 $4,966 6.52%
    15 Year 17 $7,495,000 $440,882 $5,358 6.00%
    10 Year 1 $125,000 $125,000 $700 6.88%
    20 Year 1 $385,000 $385,000 $7,602 6.00%

    For 2023, Fc Lending Ltd.'s most frequently cited loan duration was 30 Year, with 346 originations. The 2nd most popular length was 15 Year, with 17 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 249 $121,295,000 $487,129
    $5k+ 44 $23,700,000 $538,636
    $2k-3k 25 $13,425,000 $537,000
    $1k-2k 23 $10,495,000 $456,304
    $3k-4k 14 $6,680,000 $477,143
    $4k-5k 9 $4,205,000 $467,222

    Fc Lending Ltd.'s average total fees were $4,966, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 249 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 138 $66,960,000 $485,217
    5-6% 105 $49,575,000 $472,143
    7-8% 99 $52,325,000 $528,535
    4-5% 18 $8,430,000 $468,333
    Over 8% 5 $2,795,000 $559,000

    During 2023, Fc Lending Ltd.'s average interest rate for loans was 6.52%, while their most frequently originated rate bucket for loans was 6-7%, with 138 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $400k-600k 154 $76,640,000 $497,662 $5,360 6.50%
    $600k-1MM 105 $70,325,000 $669,762 $5,454 6.63%
    $200k-400k 96 $31,560,000 $328,750 $4,255 6.35%
    $100k-200k 10 $1,560,000 $156,000 $1,032 6.40%

    2023 saw Fc Lending Ltd. place emphasis on $400k-600k loans with 154 originations, totaling $76,640,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 164 $87,280,000 $532,195 $4,867 6.56%
    $100k-150k 99 $40,805,000 $412,172 $5,650 6.40%
    $250k+ 80 $45,760,000 $572,000 $4,775 6.55%
    $75k-100k 17 $4,995,000 $293,824 $3,450 6.32%
    $50k-75k 5 $1,245,000 $249,000 $4,008 6.00%

    Fc Lending Ltd. lent most frequently to those with incomes in the $150k-250k range, with 164 originations. The second most popular income band? $100k-150k, with 99 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 64 $31,480,000 $491,875 $4,360 6.56%
    20-30% 63 $29,625,000 $470,238 $3,730 6.50%
    44% 22 $11,150,000 $506,818 $6,780 6.17%
    46% 20 $10,050,000 $502,500 $4,226 6.74%
    36% 20 $9,360,000 $468,000 $6,182 6.69%
    41% 16 $7,990,000 $499,375 $4,057 6.73%
    39% 16 $7,730,000 $483,125 $4,981 6.44%
    40% 16 $9,280,000 $580,000 $5,533 6.50%
    49% 15 $6,595,000 $439,667 $6,593 6.40%
    <20% 15 $5,385,000 $359,000 $2,394 6.21%
    43% 14 $7,800,000 $557,143 $5,909 6.70%
    50-60% 14 $7,270,000 $519,286 $11,020 6.10%
    48% 13 $7,105,000 $546,538 $6,248 6.64%
    42% 12 $6,170,000 $514,167 $6,918 6.01%
    37% 12 $5,710,000 $475,833 $5,548 6.58%
    45% 12 $6,280,000 $523,333 $5,196 6.53%
    47% 10 $4,930,000 $493,000 $863 6.76%
    38% 8 $4,130,000 $516,250 $4,595 6.64%
    >60% 3 $2,045,000 $681,667 $1,437 5.73%

    Fc Lending Ltd. lent most frequently to those with DTI ratios of 30-36%, with 64 originations. The next most common DTI ratio? 20-30%, with 63 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Asian 159 $84,255,000 $529,906 $4,045 6.68%
    White 110 $51,470,000 $467,909 $5,457 6.31%
    Black 47 $23,025,000 $489,894 $6,986 6.41%
    Not provided 43 $18,825,000 $437,791 $4,796 6.33%
    Asian Indian 4 $1,860,000 $465,000 $5,420 7.56%
    American Indian 2 $650,000 $325,000 $8,466 5.56%

    Approval Rates

    Total approvals of all applications
    99.39%

    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
    52.60%

    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 365 $180,085,000 $493,384

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    365 $180,085,000 $493,384

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 15 $3,045,000 $203,000 $906 6.27%
    40-60% 34 $12,580,000 $370,000 $2,997 6.22%
    60-80% 112 $57,270,000 $511,339 $4,547 6.55%
    80-100% 202 $105,890,000 $524,208 $5,586 6.53%
    Over 100% 2 $1,300,000 $650,000 $31,996 5.56%