Ibc Brownsville Mortgage Rates, Fees & Info

Brownsville, TX

LEI: 549300K77JMKPUYBOI69

Tax ID: 74-2328750

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • 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

    Ibc Brownsville is a smaller mortgage company specializing in Home Purchase and Home Improvement loans. Ibc Brownsville has a high proportion of conventional loans. Their top markets by origination volume include: Mcallen, Houston, Brownsville, 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.

    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.

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    Originations

    35

    Origination Dollar Volume (All Markets)

    $51,085,000

    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
    MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 4 $25,700,000 $6,425,000 $0 0.00%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $13,505,000 $13,505,000 $0 0.00%
    BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 27 $9,665,000 $357,963 $0 0.00%
    CORPUS CHRISTI, TX (FHA|USDA|VA) 2 $2,010,000 $1,005,000 $0 0.00%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $205,000 $205,000 $0 0.00%
    Ibc Brownsville's top markets include Mcallen, Houston, Brownsville, Corpus Christi, and San Antonio among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 35 $51,085,000 $1,459,571 $0 0.00%

    For 2019, Ibc Brownsville's most frequently originated type of loan was Conventional, with 35 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 26 $29,410,000 $1,131,154 $0 0.00%
    Home Improvement 6 $20,980,000 $3,496,667 $0 0.00%
    Refi 3 $695,000 $231,667 $0 0.00%

    For 2019, Ibc Brownsville's most frequently cited loan purpose was Home Purchase, with 26 originations. The 2nd most popular reason was Home Improvement, with 6 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 35 $51,085,000 $1,459,571 $0 0.00%

    For 2019, Ibc Brownsville's most frequently cited loan duration was Other, with 35 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 11 $1,565,000 $142,273 $0 0.00%
    $1MM+ 7 $44,415,000 $6,345,000 $0 0.00%
    $200k-400k 7 $1,745,000 $249,286 $0 0.00%
    $100,000 or less 4 $250,000 $62,500 $0 0.00%
    $400k-600k 4 $1,790,000 $447,500 $0 0.00%
    $600k-1MM 2 $1,320,000 $660,000 $0 0.00%

    2019 saw Ibc Brownsville place emphasis on $100k-200k loans with 11 originations, totaling $1,565,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 2 $220,000 $110,000 $0 0.00%
    $150k-250k 1 $225,000 $225,000 $0 0.00%
    $250k+ 1 $155,000 $155,000 $0 0.00%
    $50k-75k 1 $75,000 $75,000 $0 0.00%

    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% 35 $51,085,000 $1,459,571 $0 0.00%

    Ibc Brownsville lent most frequently to those with DTI ratios of Exempt%, with 35 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 29 $50,205,000 $1,731,207 $0 0.00%
    White 6 $880,000 $146,667 $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
    91.43%

    Ibc Brownsville has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 35 $51,085,000 $1,459,571

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 13 $46,005,000 $3,538,846
    Single Family (1-4 Units):Site-Built 22 $5,080,000 $230,909