Education First Mortgage Rates, Fees & Info
Beaumont, TXLEI: 549300L8D4DNZNL31O66
Tax ID: 74-1186856
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Education First is a smaller mortgage company specializing in Home Purchase and Cash Out Refi loans. Education First has a high proportion of conventional loans. Their top markets by origination volume include: Beaumont, Houston, and Lufkin among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)Education First has a below average approval rate when compared to the average across all lenders. They have a below 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.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.
Originations
91Origination Dollar Volume (All Markets)
$16,655,000Top Markets
Click or Hover to activate map
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 |
|---|---|---|---|---|---|
| BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) | 70 | $12,320,000 | $176,000 | $0 | 0.00% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 8 | $2,440,000 | $305,000 | $0 | 0.00% |
| Outside of Metro Areas | 10 | $1,430,000 | $143,000 | $0 | 0.00% |
| Lufkin, TX (FHA|USDA|VA) | 3 | $465,000 | $155,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against EDUCATION FIRST based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 70
Similarity Rank: 72
Similarity Rank: 147
Similarity Rank: 176
Similarity Rank: 1189
Similarity Rank: 2340
Similarity Rank: 3159
Similarity Rank: 3577
Similarity Rank: 4114
Similarity Rank: 5358
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 91 | $16,655,000 | $183,022 | $0 | 0.00% |
For 2024, Education First's most frequently originated type of loan was Conventional, with 91 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 58 | $11,570,000 | $199,483 | $0 | 0.00% |
| Cash Out Refi | 27 | $3,935,000 | $145,741 | $0 | 0.00% |
| Refi | 6 | $1,150,000 | $191,667 | $0 | 0.00% |
For 2024, Education First's most frequently cited loan purpose was Home Purchase, with 58 originations. The 2nd most popular reason was Cash Out Refi, with 27 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 91 | $16,655,000 | $183,022 | $0 | 0.00% |
For 2024, Education First's most frequently cited loan duration was Other, with 91 originations.
Loan Sizing
2024 saw Education First place emphasis on $100k-200k loans with 42 originations, totaling $5,860,000 in origination value.
Applicant Income
Education First lent most frequently to those with incomes in the $150k-250k range, with 13 originations. The second most popular income band? $100k-150k, with 11 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 91 | $16,655,000 | $183,022 | $0 | 0.00% |
Education First lent most frequently to those with DTI ratios of Exempt%, with 91 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications69.19%
Education First has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick Rate
Approvals leading to origination75.82%
Education First has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 91 | $16,655,000 | $183,022 |