Fc Lending Ltd. Mortgage Rates, Fees & Info

HOUSTON, TX

LEI: 549300IVOJIAJUT2E435

Tax ID: 26-0399209

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

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • 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. They have a low ratio of USDA loans. Their top markets by origination volume include: Houston, Austin, Dallas, San Antonio, and Killeen 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 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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.41% 12/16/24
    30 Year Conventional Refi 6.86% 12/16/24
    30 Year Cash-out Refi 6.74% 12/16/24
    30 Year FHA Purchase 7.32% 12/16/24
    30 Year VA Purchase 5.87% 12/16/24
    15 Year Conventional Purchase 5.55% 12/16/24
    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

    447

    Origination Dollar Volume (All Markets)

    $148,265,000

    Awards

    FC LENDING LTD. 30 Year Conventional Loans bronze FC LENDING LTD. FHA Loans bronze FC LENDING LTD. VA Loans bronze
    Show all (3) awards

    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) 234 $76,180,000 $325,556 $5,364 4.08%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 135 $43,965,000 $325,667 $7,480 3.90%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 64 $24,080,000 $376,250 $5,925 4.09%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 13 $3,805,000 $292,692 $4,556 3.84%
    KILLEEN-TEMPLE, TX (FHA|USDA|VA) 1 $235,000 $235,000 $5,005 2.88%
    Fc Lending Ltd.'s top markets include Houston, Austin, Dallas, San Antonio, and Killeen 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.

    MEMBERS CHOICE Credit Union
    Similarity Rank: 549
    SMART FINANCIAL CREDIT UNION
    Similarity Rank: 707
    TEXAS BAY
    Similarity Rank: 888
    AMERANT BANK, NATIONAL ASSOCIATION
    Similarity Rank: 1060
    TEXANS
    Similarity Rank: 1204
    SMART CHOICE MORTGAGE, A TEXAS LIMITED LIABILITY C
    Similarity Rank: 1215
    NEIGHBORHOOD
    Similarity Rank: 1228
    JSC
    Similarity Rank: 1296
    SOUTHERN LENDING SERVICES, LTD.
    Similarity Rank: 1340
    PIKE CREEK MORTGAGE SERVICES, INC.
    Similarity Rank: 1368

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 327 $105,735,000 $323,349 $4,954 4.07%
    VA 67 $27,505,000 $410,522 $9,971 3.70%
    FHA 50 $14,150,000 $283,000 $7,971 4.09%
    USDA 3 $875,000 $291,667 $3,883 3.88%

    For 2019, Fc Lending Ltd.'s most frequently originated type of loan was Conventional, with 327 originations. Their 2nd most popular type was VA, with 67 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 446 $148,140,000 $332,152 $6,067 4.02%
    Refi 1 $125,000 $125,000 $3,005 3.88%

    For 2019, Fc Lending Ltd.'s most frequently cited loan purpose was Home Purchase, with 446 originations. The 2nd most popular reason was Refi, with 1 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 404 $136,930,000 $338,936 $6,206 4.06%
    15 Year 36 $9,600,000 $266,667 $4,804 3.64%
    20 Year 6 $1,470,000 $245,000 $4,805 3.85%
    10 Year 1 $265,000 $265,000 $1,777 3.75%

    For 2019, Fc Lending Ltd.'s most frequently cited loan duration was 30 Year, with 404 originations. The 2nd most popular length was 15 Year, with 36 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 209 $68,945,000 $329,880
    $5k+ 78 $29,340,000 $376,154
    $1k-2k 46 $13,980,000 $303,913
    $3k-4k 37 $12,135,000 $327,973
    $4k-5k 33 $10,755,000 $325,909
    $2k-3k 28 $7,790,000 $278,214

    Fc Lending Ltd.'s average total fees were $6,206, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 209 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 230 $78,310,000 $340,478
    4-5% 198 $63,800,000 $322,222
    5-6% 10 $3,380,000 $338,000
    2.5-3% 9 $2,775,000 $308,333

    During 2019, Fc Lending Ltd.'s average interest rate for loans was 4.06%, while their most frequently originated rate bucket for loans was 3-4%, with 230 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 292 $90,510,000 $309,966 $5,771 4.02%
    $400k-600k 107 $48,995,000 $457,897 $7,870 4.02%
    $100k-200k 46 $7,440,000 $161,739 $3,571 3.98%
    $600k-1MM 2 $1,320,000 $660,000 $9,619 4.38%

    2019 saw Fc Lending Ltd. place emphasis on $200k-400k loans with 292 originations, totaling $90,510,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 163 $55,095,000 $338,006 $6,383 3.95%
    $150k-250k 138 $51,820,000 $375,507 $6,390 4.11%
    $75k-100k 66 $19,480,000 $295,152 $5,148 4.00%
    $50k-75k 50 $11,360,000 $227,200 $5,331 4.06%
    $250k+ 23 $9,225,000 $401,087 $6,487 4.02%
    $50k or less 7 $1,285,000 $183,571 $4,703 3.93%

    Fc Lending Ltd. lent most frequently to those with incomes in the $100k-150k range, with 163 originations. The second most popular income band? $150k-250k, with 138 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 91 $30,545,000 $335,659 $6,736 4.02%
    20-30% 72 $23,460,000 $325,833 $5,059 3.92%
    50-60% 37 $12,135,000 $327,973 $8,016 3.96%
    <20% 25 $6,385,000 $255,400 $5,410 3.72%
    49% 23 $7,515,000 $326,739 $5,238 4.13%
    42% 22 $7,630,000 $346,818 $5,935 4.04%
    41% 19 $6,505,000 $342,368 $6,232 4.19%
    38% 18 $5,980,000 $332,222 $6,228 4.28%
    43% 18 $6,520,000 $362,222 $4,530 4.11%
    46% 17 $6,135,000 $360,882 $6,514 4.09%
    44% 17 $5,345,000 $314,412 $5,831 3.93%
    45% 15 $4,965,000 $331,000 $6,642 4.12%
    37% 14 $4,620,000 $330,000 $6,590 4.25%
    39% 13 $4,155,000 $319,615 $5,410 4.07%
    47% 11 $3,615,000 $328,636 $4,533 4.03%
    40% 11 $3,515,000 $319,545 $6,172 4.19%
    48% 10 $3,110,000 $311,000 $5,772 4.07%
    >60% 8 $3,800,000 $475,000 $5,745 3.51%
    36% 6 $2,330,000 $388,333 $6,127 4.10%

    Fc Lending Ltd. lent most frequently to those with DTI ratios of 30-36%, with 91 originations. The next most common DTI ratio? 20-30%, with 72 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not provided 185 $61,425,000 $332,027 $6,094 4.07%
    White 187 $61,165,000 $327,086 $6,168 3.99%
    Asian 39 $12,545,000 $321,667 $4,531 3.91%
    Black 32 $11,530,000 $360,313 $7,271 4.05%
    American Indian 1 $575,000 $575,000 $2,866 3.63%
    Asian Indian 1 $425,000 $425,000 $1,164 3.88%
    Vietnamese 1 $305,000 $305,000 $1,691 4.38%
    Filipino 1 $295,000 $295,000 $7,492 3.75%

    Approval Rates

    Total approvals of all applications
    98.53%

    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
    70.47%

    Fc Lending Ltd. has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 447 $148,265,000 $331,689

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 447 $148,265,000 $331,689

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 12 $1,890,000 $157,500 $3,363 3.75%
    40-60% 38 $8,230,000 $216,579 $4,126 3.89%
    60-80% 121 $41,205,000 $340,537 $5,479 4.10%
    80-100% 262 $90,940,000 $347,099 $5,951 4.02%
    Over 100% 14 $6,000,000 $428,571 $19,822 3.80%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    FCI Lender Services Inc. Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 2.7%
    FCI Lender Services Inc. Conventional home mortgage Struggling to pay mortgage 8 21.6%
    FCI Lender Services Inc. Conventional home mortgage Trouble during payment process 10 27.0%
    FCI Lender Services Inc. FHA mortgage Struggling to pay mortgage 1 2.7%
    FCI Lender Services Inc. Home equity loan or line of credit (HELOC) Struggling to pay mortgage 2 5.4%
    FCI Lender Services Inc. Home equity loan or line of credit (HELOC) Trouble during payment process 4 10.8%
    FCI Lender Services Inc. Other type of mortgage Struggling to pay mortgage 6 16.2%
    FCI Lender Services Inc. Other type of mortgage Trouble during payment process 4 10.8%
    FCI Lender Services Inc. Reverse mortgage Trouble during payment process 1 2.7%