Ibc Brownsville Mortgage Rates, Fees & Info
Brownsville, TXLEI: 549300K77JMKPUYBOI69
Tax ID: 74-2328750
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Ibc Brownsville is a smaller mortgage company specializing in Home Purchase and Refi loans. Ibc Brownsville has a high proportion of conventional loans. Their top markets by origination volume include: Brownsville, Mcallen, Austin, Corpus Christi, and San Antonio among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)Ibc Brownsville has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.
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Originations
48Origination Dollar Volume (All Markets)
$35,910,000Top 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 |
|---|---|---|---|---|---|
| BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) | 37 | $29,905,000 | $808,243 | $0 | 0.00% |
| MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) | 7 | $4,855,000 | $693,571 | $0 | 0.00% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $565,000 | $565,000 | $0 | 0.00% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $0 | 0.00% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 48 | $35,910,000 | $748,125 | $0 | 0.00% |
For 2023, Ibc Brownsville's most frequently originated type of loan was Conventional, with 48 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 40 | $23,760,000 | $594,000 | $0 | 0.00% |
| Refi | 7 | $11,895,000 | $1,699,286 | $0 | 0.00% |
| Home Improvement | 1 | $255,000 | $255,000 | $0 | 0.00% |
For 2023, Ibc Brownsville's most frequently cited loan purpose was Home Purchase, with 40 originations. The 2nd most popular reason was Refi, with 7 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 48 | $35,910,000 | $748,125 | $0 | 0.00% |
For 2023, Ibc Brownsville's most frequently cited loan duration was Other, with 48 originations.
Loan Sizing
2023 saw Ibc Brownsville place emphasis on $200k-400k loans with 14 originations, totaling $4,200,000 in origination value.
Applicant Income
Ibc Brownsville lent most frequently to those with incomes in the $75k-100k range, with 2 originations. The second most popular income band? $250k+, with 1 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 48 | $35,910,000 | $748,125 | $0 | 0.00% |
Ibc Brownsville lent most frequently to those with DTI ratios of Exempt%, with 48 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Not applicable | 41 | $34,345,000 | $837,683 | $0 | 0.00% |
| White | 7 | $1,565,000 | $223,571 | $0 | 0.00% |
Approval Rates
Total approvals of all applications100.00%
Ibc Brownsville has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination93.75%
Ibc Brownsville has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 48 | $35,910,000 | $748,125 |