Randolph-brooks Mortgage Rates, Fees & Info
Live Oak, TXLEI: 549300LU6Y2TXG48QY48
Tax ID: 74-1185010
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Mortgage Data
Review & Overview
Randolph-brooks is a smaller mortgage company specializing in Cash Out Refi and Home Purchase loans. Randolph-brooks has a high proportion of conventional loans. Their top markets by origination volume include: San Antonio, Austin, Dallas, Houston, and Corpus Christi among others. We have data for 54 markets. (Some data included below & more in-depth data is available with an active subscription.)Randolph-brooks has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Randolph-brooks is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have relatively high rates.
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.
SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.27% | 12/16/24 |
| 30 Year Conventional Purchase | 6.58% | 12/16/24 |
| 30 Year Conventional Refi | 6.28% | 12/16/24 |
| 30 Year Cash-out Refi | 6.62% | 12/16/24 |
| 15 Year Conventional Purchase | 5.62% | 12/16/24 |
| 15 Year Conventional Refi | 5.45% | 12/16/24 |
| 15 Year Cash-out Refi | 5.45% | 12/16/24 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
Randolph-brooks Mortgage Calculator
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Randolph-brooks. It uses our SimulatedRate™
technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.
The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
6,593Origination Dollar Volume (All Markets)
$943,135,000Awards
RANDOLPH-BROOKS - 2023
RANDOLPH-BROOKS is a 2023 , due to their low .
For 2023, less than of lenders were eligible for this award.
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Relative Rate
Randolph-brooks's average 30 year fixed mortgage rate was
6.74%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 0.26%.
Relative Fees (Closing Costs)
Randolph-brooks's average total fees/closing costs for a 30 year fixed rate
mortgage were $3,478.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $9,089.
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 |
|---|---|---|---|---|---|
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 3,594 | $432,140,000 | $120,239 | $1,118 | 7.11% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1,434 | $215,720,000 | $150,432 | $1,280 | 7.15% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 767 | $155,035,000 | $202,132 | $2,180 | 7.17% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 172 | $35,930,000 | $208,895 | $2,737 | 6.94% |
| Outside of Metro Areas | 149 | $28,305,000 | $189,966 | $2,742 | 6.86% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 124 | $18,640,000 | $150,323 | $2,240 | 6.96% |
| Kerrville, TX (FHA|USDA|VA) | 54 | $8,510,000 | $157,593 | $1,930 | 6.83% |
| Rockport, TX (FHA|USDA|VA) | 23 | $5,995,000 | $260,652 | $5,085 | 6.55% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 16 | $4,060,000 | $253,750 | $5,002 | 6.69% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 38 | $3,650,000 | $96,053 | $844 | 7.26% |
| Fredericksburg, TX (FHA|USDA|VA) | 12 | $3,380,000 | $281,667 | $3,662 | 6.98% |
| LUBBOCK, TX (FHA|USDA|VA) | 9 | $3,055,000 | $339,444 | $5,972 | 6.51% |
| BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) | 21 | $2,995,000 | $142,619 | $2,409 | 6.76% |
| MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) | 22 | $2,890,000 | $131,364 | $1,279 | 6.73% |
| WACO, TX (FHA|USDA|VA) | 18 | $2,410,000 | $133,889 | $887 | 7.25% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 19 | $2,385,000 | $125,526 | $2,196 | 7.21% |
| LAREDO, TX (FHA|USDA|VA) | 13 | $1,575,000 | $121,154 | $768 | 7.11% |
| Bonham, TX (FHA|USDA|VA) | 6 | $1,470,000 | $245,000 | $2,563 | 7.04% |
| BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) | 4 | $1,200,000 | $300,000 | $4,893 | 6.03% |
| Athens, TX (FHA|USDA|VA) | 3 | $1,065,000 | $355,000 | $3,329 | 7.92% |
| Del Rio, TX (FHA|USDA|VA) | 10 | $980,000 | $98,000 | $891 | 7.05% |
| VICTORIA, TX (FHA|USDA|VA) | 5 | $965,000 | $193,000 | $1,973 | 6.50% |
| EL PASO, TX (FHA|USDA|VA) | 10 | $900,000 | $90,000 | $826 | 7.50% |
| Granbury, TX (FHA|USDA|VA) | 4 | $860,000 | $215,000 | $2,285 | 6.63% |
| El Campo, TX (FHA|USDA|VA) | 4 | $740,000 | $185,000 | $1,609 | 7.34% |
| LONGVIEW, TX (FHA|USDA|VA) | 3 | $735,000 | $245,000 | $2,855 | 6.67% |
| TYLER, TX (FHA|USDA|VA) | 5 | $735,000 | $147,000 | $2,728 | 6.63% |
| Alice, TX (FHA|USDA|VA) | 4 | $620,000 | $155,000 | $4,497 | 6.44% |
| Kingsville, TX (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $2,017 | 7.31% |
| Eagle Pass, TX (FHA|USDA|VA) | 4 | $500,000 | $125,000 | $2,162 | 7.84% |
| Beeville, TX (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $9,137 | 6.75% |
| Rio Grande City-Roma, TX (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $4,359 | 7.69% |
| Uvalde, TX (FHA|USDA|VA) | 5 | $385,000 | $77,000 | $2,472 | 6.10% |
| AMARILLO, TX (FHA|USDA|VA) | 3 | $385,000 | $128,333 | $0 | 6.92% |
| Lufkin, TX (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $3,559 | 6.44% |
| Bay City, TX (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $4,737 | 6.00% |
| Mount Pleasant, TX (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $1,663 | 8.13% |
| Huntsville, TX (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $8,711 | 7.50% |
| Stephenville, TX (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $5,648 | 7.25% |
| ABILENE, TX (FHA|USDA|VA) | 4 | $260,000 | $65,000 | $1,744 | 6.28% |
| SAN ANGELO, TX (FHA|USDA|VA) | 3 | $245,000 | $81,667 | $942 | 6.25% |
| Brenham, TX (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $7,622 | 7.25% |
| Jacksonville, TX (FHA|USDA|VA) | 2 | $180,000 | $90,000 | $1,967 | 6.50% |
| Mineral Wells, TX (FHA|USDA|VA) | 2 | $170,000 | $85,000 | $0 | 6.88% |
| MIDLAND, TX (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 7.25% |
| Port Lavaca, TX (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $770 | 7.00% |
| Vernon, TX (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $6,391 | 5.00% |
| Brownwood, TX (FHA|USDA|VA) | 3 | $125,000 | $41,667 | $1,033 | 6.75% |
| Corsicana, TX (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,628 | 6.38% |
| ODESSA, TX (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 5.38% |
| WICHITA FALLS, TX (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 7.25% |
| Gainesville, TX (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 7.50% |
| Sulphur Springs, TX (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $12 | 6.63% |
| Zapata, TX (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 5.50% |
Similar Lenders
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 5,485 | $825,625,000 | $150,524 | $1,424 | 6.98% |
| HELOC | 1,108 | $117,510,000 | $106,056 | n/a | 7.71% |
For 2023, Randolph-brooks's most frequently originated type of loan was Conventional, with 5,485 originations. Their 2nd most popular type was HELOC, with 1,108 originations.
Loan Reason
For 2023, Randolph-brooks's most frequently cited loan purpose was Cash Out Refi, with 5,222 originations. The 2nd most popular reason was Home Purchase, with 1,141 originations.
Loan Duration/Length
For 2023, Randolph-brooks's most frequently cited loan duration was 15 Year, with 2,681 originations. The 2nd most popular length was 20 Year, with 1,160 originations.
Origination Fees/Closing Costs
Randolph-brooks's average total fees were $3,478, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 4,732 originations.
Interest Rates
During 2023, Randolph-brooks's average interest rate for loans was 6.74%, while their most frequently originated rate bucket for loans was 7-8%, with 2,709 originations.
Loan Sizing
2023 saw Randolph-brooks place emphasis on $100,000 or less loans with 3,641 originations, totaling $196,645,000 in origination value.
Applicant Income
Randolph-brooks lent most frequently to those with incomes in the $100k-150k range, with 1,763 originations. The second most popular income band? $150k-250k, with 1,543 originations.
Applicant Debt to Income Ratio
Randolph-brooks lent most frequently to those with DTI ratios of 50-60%, with 1,623 originations. The next most common DTI ratio? 30-36%, with 861 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications87.59%
Randolph-brooks has an average approval rate.
Pick Rate
Approvals leading to origination46.14%
Randolph-brooks has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 6,593 | $943,135,000 | $143,051 |