Fc Lending Ltd. Mortgage Rates, Fees & Info
HOUSTON, TXLEI: 549300IVOJIAJUT2E435
Tax ID: 26-0399209
2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage 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
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 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 applications98.75%
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 origination74.17%
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% |
