Ibc Brownsville Mortgage Rates, Fees & Info
Brownsville, TXLEI: 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
45Origination Dollar Volume (All Markets)
$29,285,000Top 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) | 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% |
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
2018 saw Ibc Brownsville place emphasis on $100k-200k loans with 13 originations, totaling $1,795,000 in origination value.
Applicant Income
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 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 originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 45 | $29,285,000 | $650,778 |