Randolph-brooks Mortgage Rates, Fees & Info

Live Oak, TX

LEI: 549300LU6Y2TXG48QY48

Tax ID: 74-1185010

5 stars - Updated: 4/14/24 - out of 5 stars, based on 81 reviews

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

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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% 4/14/24
30 Year Conventional Purchase 6.58% 4/14/24
30 Year Conventional Refi 6.28% 4/14/24
30 Year Cash-out Refi 6.62% 4/14/24
15 Year Conventional Purchase 5.62% 4/14/24
15 Year Conventional Refi 5.45% 4/14/24
15 Year Cash-out Refi 5.45% 4/14/24
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

6,593

Origination Dollar Volume (All Markets)

$943,135,000
Show all (8) awards

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%
Randolph-brooks's top markets include San Antonio, Austin, Dallas, Houston, and Corpus Christi among others.

Their top states include:
  • Texas (FHA|USDA|VA)
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    We use machine learning to identify the top lenders compared against RANDOLPH-BROOKS based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

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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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 5,222 $510,890,000 $97,834 $369 7.27%
    Home Purchase 1,141 $393,425,000 $344,807 $5,713 6.41%
    Refi 125 $29,765,000 $238,120 $3,298 5.97%
    Home Improvement 105 $9,055,000 $86,238 $1,359 7.71%

    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

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 2,681 $306,385,000 $114,280 $898 7.20%
    20 Year 1,160 $122,570,000 $105,664 $441 7.83%
    30 Year 1,000 $309,920,000 $309,920 $3,478 6.74%
    10 Year 803 $60,055,000 $74,788 $204 6.94%
    Other 801 $59,745,000 $74,588 $746 6.44%
    30+ year 141 $83,435,000 $591,738 $10,365 6.62%
    5 Year 7 $1,025,000 $146,429 $764 6.01%

    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

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 4,732 $598,700,000 $126,522
    $1k-2k 246 $102,870,000 $418,171
    $2k-3k 72 $15,870,000 $220,417
    $5k+ 59 $32,665,000 $553,644
    $3k-4k 45 $14,185,000 $315,222
    $4k-5k 20 $7,300,000 $365,000

    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

    Loan Rate Originations Total Value Average Loan
    7-8% 2,709 $315,385,000 $116,421
    6-7% 2,130 $354,710,000 $166,531
    5-6% 804 $135,210,000 $168,172
    Over 8% 758 $69,050,000 $91,095
    4-5% 192 $68,780,000 $358,229

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 3,641 $196,645,000 $54,009 $154 7.23%
    $100k-200k 1,698 $234,710,000 $138,227 $710 7.21%
    $200k-400k 823 $226,245,000 $274,903 $4,250 6.80%
    $400k-600k 231 $111,345,000 $482,013 $6,637 6.27%
    $600k-1MM 154 $116,310,000 $755,260 $9,221 6.17%
    $1MM+ 46 $57,880,000 $1,258,261 $11,660 6.34%

    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

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 1,763 $210,065,000 $119,152 $1,136 7.19%
    $150k-250k 1,543 $276,095,000 $178,934 $2,053 7.12%
    $75k-100k 1,054 $99,340,000 $94,250 $818 7.20%
    $50k-75k 992 $77,670,000 $78,296 $594 7.10%
    $250k+ 643 $227,275,000 $353,460 $4,413 6.91%
    $50k or less 483 $29,825,000 $61,749 $390 6.87%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    50-60% 1,623 $225,545,000 $138,968 $1,265 7.32%
    30-36% 861 $126,605,000 $147,044 $1,595 6.99%
    20-30% 840 $113,940,000 $135,643 $1,396 6.85%
    >60% 318 $47,190,000 $148,396 $1,531 7.39%
    41% 280 $41,120,000 $146,857 $1,554 7.00%
    <20% 250 $30,840,000 $123,360 $1,229 6.65%
    42% 210 $29,420,000 $140,095 $1,566 7.05%
    46% 197 $28,925,000 $146,827 $1,215 7.33%
    47% 192 $33,550,000 $174,740 $1,833 7.18%
    49% 189 $22,915,000 $121,243 $1,199 7.28%
    39% 187 $26,445,000 $141,417 $1,634 7.06%
    48% 183 $26,595,000 $145,328 $1,315 7.16%
    43% 180 $24,960,000 $138,667 $1,444 7.02%
    44% 179 $24,195,000 $135,168 $1,213 7.12%
    45% 178 $23,390,000 $131,404 $1,326 7.21%
    37% 177 $27,525,000 $155,508 $1,715 7.00%
    36% 172 $30,150,000 $175,291 $1,798 7.01%
    40% 169 $25,925,000 $153,402 $1,633 7.06%
    38% 165 $21,125,000 $128,030 $1,136 7.05%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 4,158 $552,160,000 $132,795 $1,303 7.12%
    Not provided 1,470 $211,640,000 $143,973 $1,578 7.09%
    Asian 242 $55,850,000 $230,785 $2,300 6.80%
    Black 405 $49,515,000 $122,259 $1,115 7.38%
    Asian Indian 76 $35,030,000 $460,921 $5,732 6.66%
    American Indian 153 $18,945,000 $123,824 $936 7.12%
    Not applicable 38 $12,190,000 $320,789 $0 6.19%
    Filipino 16 $3,310,000 $206,875 $2,330 6.98%
    Native Hawaiian or Islander 20 $1,780,000 $89,000 $272 7.10%
    Other Asian 5 $865,000 $173,000 $1,467 7.33%
    Korean 3 $645,000 $215,000 $0 7.83%
    Vietnamese 2 $580,000 $290,000 $2,933 6.44%
    Native Hawaiian 2 $270,000 $135,000 $0 6.81%
    Chinese 1 $175,000 $175,000 $0 8.00%
    Other Pacific Islander 1 $125,000 $125,000 $34 5.75%
    Guamanian 1 $55,000 $55,000 $0 7.25%

    Approval Rates

    Total approvals of all applications
    87.59%

    Randolph-brooks has an average approval rate.

    Pick Rate

    Approvals leading to origination
    46.14%

    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

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    6,593 $943,135,000 $143,051

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 1,715 $204,875,000 $119,461 $643 7.30%
    40-60% 659 $133,255,000 $202,208 $2,171 6.87%
    60-80% 850 $269,400,000 $316,941 $4,262 6.56%
    80-100% 447 $157,675,000 $352,740 $5,440 6.47%
    Under 20% 2,922 $177,930,000 $60,893 $149 7.30%