Ibc Brownsville Mortgage Rates, Fees & Info

Brownsville, TX

LEI: 549300K77JMKPUYBOI69

Tax ID: 74-2328750

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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: Brownsville, Muskogee, Mcallen, Oklahoma City, and Waco among others. We have data for 10 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.

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Originations

45

Origination Dollar Volume (All Markets)

$29,285,000

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
BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 35 $13,195,000 $377,000 $0 0.00%
Muskogee, OK (FHA|USDA|VA) 1 $4,255,000 $4,255,000 $0 0.00%
MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 2 $4,070,000 $2,035,000 $0 0.00%
OKLAHOMA CITY, OK (FHA|USDA|VA) 1 $1,785,000 $1,785,000 $0 0.00%
WACO, TX (FHA|USDA|VA) 1 $1,755,000 $1,755,000 $0 0.00%
CORPUS CHRISTI, TX (FHA|USDA|VA) 1 $1,425,000 $1,425,000 $0 0.00%
Ardmore, OK (FHA|USDA|VA) 1 $1,405,000 $1,405,000 $0 0.00%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $1,205,000 $1,205,000 $0 0.00%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $115,000 $115,000 $0 0.00%
LAREDO, TX (FHA|USDA|VA) 1 $75,000 $75,000 $0 0.00%
Ibc Brownsville's top markets include Brownsville, Muskogee, Mcallen, Oklahoma City, and Waco among others.

Their top states include:
  • Texas (FHA|USDA|VA)
  • Oklahoma (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 45 $29,285,000 $650,778 $0 0.00%

    For 2018, Ibc Brownsville's most frequently originated type of loan was Conventional, with 45 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 34 $26,710,000 $785,588 $0 0.00%
    Refi 10 $2,320,000 $232,000 $0 0.00%
    Home Improvement 1 $255,000 $255,000 $0 0.00%

    For 2018, Ibc Brownsville's most frequently cited loan purpose was Home Purchase, with 34 originations. The 2nd most popular reason was Refi, with 10 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 45 $29,285,000 $650,778 $0 0.00%

    For 2018, Ibc Brownsville's most frequently cited loan duration was Other, with 45 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 13 $1,795,000 $138,077 $0 0.00%
    $200k-400k 12 $2,990,000 $249,167 $0 0.00%
    $1MM+ 10 $22,800,000 $2,280,000 $0 0.00%
    $100,000 or less 8 $550,000 $68,750 $0 0.00%
    $400k-600k 1 $505,000 $505,000 $0 0.00%
    $600k-1MM 1 $645,000 $645,000 $0 0.00%

    2018 saw Ibc Brownsville place emphasis on $100k-200k loans with 13 originations, totaling $1,795,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 4 $670,000 $167,500 $0 0.00%
    $150k-250k 4 $440,000 $110,000 $0 0.00%
    $250k+ 1 $55,000 $55,000 $0 0.00%
    $50k-75k 1 $115,000 $115,000 $0 0.00%

    Ibc Brownsville lent most frequently to those with incomes in the $100k-150k range, with 4 originations. The second most popular income band? $150k-250k, with 4 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 45 $29,285,000 $650,778 $0 0.00%

    Ibc Brownsville lent most frequently to those with DTI ratios of Exempt%, with 45 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 33 $27,565,000 $835,303 $0 0.00%
    White 12 $1,720,000 $143,333 $0 0.00%

    Approval Rates

    Total approvals of all applications
    100.00%

    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 origination

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 45 $29,285,000 $650,778

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 22 $25,510,000 $1,159,545
    Single Family (1-4 Units):Site-Built 23 $3,775,000 $164,130