Ibc Brownsville Mortgage Rates, Fees & Info
Brownsville, TXLEI: 549300K77JMKPUYBOI69
Tax ID: 74-2328750
Latest/2024 | 2023 Data | 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 loans. Ibc Brownsville has a high proportion of conventional loans. Their top markets by origination volume include: Dallas, Brownsville, Austin, Mcallen, and Corpus Christi among others. We have data for 6 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 a below average pick rate when compared to similar lenders.
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Originations
57Origination Dollar Volume (All Markets)
$66,645,000Top 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 |
|---|---|---|---|---|---|
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 3 | $28,505,000 | $9,501,667 | $0 | 0.00% |
| BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) | 37 | $19,685,000 | $532,027 | $0 | 0.00% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 2 | $7,660,000 | $3,830,000 | $0 | 0.00% |
| MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) | 11 | $7,085,000 | $644,091 | $0 | 0.00% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 2 | $3,310,000 | $1,655,000 | $0 | 0.00% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 57 | $66,645,000 | $1,169,211 | $0 | 0.00% |
For 2024, Ibc Brownsville's most frequently originated type of loan was Conventional, with 57 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 47 | $55,515,000 | $1,181,170 | $0 | 0.00% |
| Refi | 9 | $11,075,000 | $1,230,556 | $0 | 0.00% |
| Home Improvement | 1 | $55,000 | $55,000 | $0 | 0.00% |
For 2024, Ibc Brownsville's most frequently cited loan purpose was Home Purchase, with 47 originations. The 2nd most popular reason was Refi, with 9 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 57 | $66,645,000 | $1,169,211 | $0 | 0.00% |
For 2024, Ibc Brownsville's most frequently cited loan duration was Other, with 57 originations.
Loan Sizing
2024 saw Ibc Brownsville place emphasis on $200k-400k loans with 20 originations, totaling $5,460,000 in origination value.
Applicant Income
Ibc Brownsville lent most frequently to those with incomes in the $100k-150k range, with 2 originations. The second most popular income band? $150k-250k, with 1 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 57 | $66,645,000 | $1,169,211 | $0 | 0.00% |
Ibc Brownsville lent most frequently to those with DTI ratios of Exempt%, with 57 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Not applicable | 52 | $65,930,000 | $1,267,885 | $0 | 0.00% |
| White | 5 | $715,000 | $143,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications98.44%
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 origination89.47%
Ibc Brownsville has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 57 | $66,645,000 | $1,169,211 |