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
  • 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 a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Houston, Austin, Dallas, and San Antonio among others. We have data for 4 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.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.41% 4/28/24
    30 Year Conventional Refi 6.86% 4/28/24
    30 Year Cash-out Refi 6.74% 4/28/24
    30 Year FHA Purchase 7.32% 4/28/24
    30 Year VA Purchase 5.87% 4/28/24
    15 Year Conventional Purchase 5.55% 4/28/24
    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

    490

    Origination Dollar Volume (All Markets)

    $219,580,000

    Awards

    FC LENDING LTD. 30 Year Conventional Loans silver
    Show all (1) 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) 163 $70,485,000 $432,423 $7,675 5.20%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 138 $67,550,000 $489,493 $8,903 5.03%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 140 $64,950,000 $463,929 $5,774 5.19%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 49 $16,595,000 $338,673 $10,949 4.95%
    Fc Lending Ltd.'s top markets include Houston, Austin, Dallas, and San Antonio 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.

    PRIMEWAY
    Similarity Rank: 249
    Generations Community Federal Credit Union
    Similarity Rank: 264
    AMOCO
    Similarity Rank: 510
    Texas Health Credit Union
    Similarity Rank: 552
    TEXAS BAY
    Similarity Rank: 957
    COMMUNITY RESOURCE CREDIT UNION
    Similarity Rank: 1074
    TEXANS
    Similarity Rank: 1170
    DATCU
    Similarity Rank: 1548
    Texas Bank and Trust Company
    Similarity Rank: 1566
    A+ Federal Credit Union
    Similarity Rank: 1584

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 395 $176,655,000 $447,228 $6,776 5.22%
    VA 68 $32,490,000 $477,794 $11,380 4.55%
    FHA 27 $10,435,000 $386,481 $13,856 5.21%

    For 2022, Fc Lending Ltd.'s most frequently originated type of loan was Conventional, with 395 originations. Their 2nd most popular type was VA, with 68 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 488 $219,020,000 $448,811 $7,800 5.12%
    Refi 1 $245,000 $245,000 $9,929 4.13%
    Cash Out Refi 1 $315,000 $315,000 $8,168 5.50%

    For 2022, Fc Lending Ltd.'s most frequently cited loan purpose was Home Purchase, with 488 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 454 $206,690,000 $455,264 $8,022 5.18%
    15 Year 30 $10,940,000 $364,667 $5,202 4.43%
    20 Year 5 $1,785,000 $357,000 $4,974 4.58%
    10 Year 1 $165,000 $165,000 $1,365 5.00%

    For 2022, Fc Lending Ltd.'s most frequently cited loan duration was 30 Year, with 454 originations. The 2nd most popular length was 15 Year, with 30 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 203 $90,415,000 $445,394
    $5k+ 157 $75,385,000 $480,159
    $1k-2k 46 $18,720,000 $406,957
    $4k-5k 44 $18,040,000 $410,000
    $3k-4k 22 $9,810,000 $445,909
    $2k-3k 18 $7,210,000 $400,556

    Fc Lending Ltd.'s average total fees were $8,022, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 203 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 166 $76,820,000 $462,771
    4-5% 146 $62,890,000 $430,753
    6-7% 78 $36,800,000 $471,795
    3-4% 74 $31,970,000 $432,027
    7-8% 16 $6,990,000 $436,875
    2.5-3% 8 $3,400,000 $425,000
    <2.5% 2 $710,000 $355,000

    During 2022, Fc Lending Ltd.'s average interest rate for loans was 5.18%, while their most frequently originated rate bucket for loans was 5-6%, with 166 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $400k-600k 228 $112,490,000 $493,377 $8,358 5.15%
    $200k-400k 170 $54,590,000 $321,118 $6,808 4.97%
    $600k-1MM 76 $50,010,000 $658,026 $9,573 5.33%
    $100k-200k 16 $2,490,000 $155,625 $2,125 5.40%

    2022 saw Fc Lending Ltd. place emphasis on $400k-600k loans with 228 originations, totaling $112,490,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 188 $93,520,000 $497,447 $7,770 5.22%
    $100k-150k 158 $66,540,000 $421,139 $8,023 4.99%
    $250k+ 66 $34,990,000 $530,152 $8,181 5.49%
    $75k-100k 57 $19,445,000 $341,140 $7,771 4.87%
    $50k-75k 18 $4,470,000 $248,333 $5,802 4.72%
    $50k or less 3 $615,000 $205,000 $2,902 5.25%

    Fc Lending Ltd. lent most frequently to those with incomes in the $150k-250k range, with 188 originations. The second most popular income band? $100k-150k, with 158 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 102 $46,240,000 $453,333 $7,148 5.23%
    20-30% 69 $27,145,000 $393,406 $6,498 4.89%
    50-60% 36 $17,400,000 $483,333 $11,420 4.95%
    48% 33 $14,325,000 $434,091 $8,086 5.14%
    38% 25 $11,505,000 $460,200 $8,705 5.30%
    49% 24 $11,970,000 $498,750 $7,916 5.48%
    40% 23 $10,975,000 $477,174 $7,382 4.96%
    <20% 21 $8,415,000 $400,714 $7,891 4.92%
    45% 20 $9,480,000 $474,000 $9,273 4.77%
    39% 19 $8,095,000 $426,053 $7,697 5.00%
    37% 19 $8,835,000 $465,000 $7,125 5.44%
    43% 18 $8,660,000 $481,111 $6,957 5.20%
    41% 17 $8,055,000 $473,824 $9,161 5.03%
    42% 16 $7,160,000 $447,500 $6,282 5.09%
    47% 16 $6,370,000 $398,125 $5,304 5.40%
    46% 10 $4,670,000 $467,000 $9,362 5.82%
    44% 9 $3,695,000 $410,556 $12,525 4.91%
    36% 8 $3,810,000 $476,250 $2,882 5.34%
    >60% 5 $2,775,000 $555,000 $12,623 4.98%

    Fc Lending Ltd. lent most frequently to those with DTI ratios of 30-36%, with 102 originations. The next most common DTI ratio? 20-30%, with 69 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 205 $84,295,000 $411,195 $8,242 4.96%
    Asian 133 $63,025,000 $473,872 $6,272 5.38%
    Black 78 $38,490,000 $493,462 $9,738 5.14%
    Not provided 61 $27,855,000 $456,639 $6,640 5.11%
    American Indian 7 $3,045,000 $435,000 $11,607 4.99%
    Filipino 2 $980,000 $490,000 $17,026 4.38%
    Native Hawaiian or Islander 2 $950,000 $475,000 $7,511 6.50%
    Asian Indian 1 $585,000 $585,000 $0 4.25%
    Vietnamese 1 $355,000 $355,000 $5,790 3.88%

    Approval Rates

    Total approvals of all applications
    99.76%

    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
    60.82%

    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 490 $219,580,000 $448,122

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    490 $219,580,000 $448,122

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 16 $3,030,000 $189,375 $2,073 5.05%
    40-60% 49 $16,145,000 $329,490 $5,637 4.92%
    60-80% 136 $63,470,000 $466,691 $7,102 5.21%
    80-100% 277 $132,585,000 $478,646 $8,476 5.15%
    Over 100% 10 $4,050,000 $405,000 $19,947 4.33%
    Under 20% 2 $300,000 $150,000 $890 5.63%