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 small 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 57 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 about average 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% | 5/27/23 |
| 30 Year Conventional Purchase | 6.58% | 5/27/23 |
| 30 Year Conventional Refi | 6.28% | 5/27/23 |
| 30 Year Cash-out Refi | 6.62% | 5/27/23 |
| 15 Year Conventional Purchase | 5.62% | 5/27/23 |
| 15 Year Conventional Refi | 5.45% | 5/27/23 |
| 15 Year Cash-out Refi | 5.45% | 5/27/23 |
| 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
8,173Origination Dollar Volume (All Markets)
$1,511,095,000Awards
RANDOLPH-BROOKS - 2022
RANDOLPH-BROOKS is a 2022 , due to their low .
For 2022, 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
4.46%.
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
This yields a difference of -0.3%.
Relative Fees (Closing Costs)
Randolph-brooks's average total fees/closing costs for a 30 year fixed rate
mortgage were $3,556.
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 $4,750.
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) | 4,054 | $660,630,000 | $162,958 | $2,061 | 4.38% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 2,119 | $409,875,000 | $193,429 | $2,207 | 4.46% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1,038 | $223,650,000 | $215,462 | $2,853 | 4.52% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 245 | $55,295,000 | $225,694 | $3,424 | 4.33% |
| Outside of Metro Areas | 143 | $40,385,000 | $282,413 | $5,314 | 4.19% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 143 | $27,125,000 | $189,685 | $3,213 | 4.09% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 67 | $12,265,000 | $183,060 | $3,829 | 4.41% |
| Kerrville, TX (FHA|USDA|VA) | 53 | $11,955,000 | $225,566 | $2,202 | 4.15% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 32 | $8,760,000 | $273,750 | $4,536 | 4.52% |
| Rockport, TX (FHA|USDA|VA) | 21 | $6,025,000 | $286,905 | $5,887 | 3.59% |
| LUBBOCK, TX (FHA|USDA|VA) | 14 | $5,500,000 | $392,857 | $4,549 | 3.81% |
| WACO, TX (FHA|USDA|VA) | 18 | $5,260,000 | $292,222 | $4,689 | 4.03% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 23 | $4,835,000 | $210,217 | $4,233 | 4.25% |
| Fredericksburg, TX (FHA|USDA|VA) | 15 | $3,695,000 | $246,333 | $2,864 | 4.20% |
| MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) | 21 | $3,465,000 | $165,000 | $3,785 | 4.15% |
| BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) | 19 | $3,385,000 | $178,158 | $4,478 | 4.52% |
| Athens, TX (FHA|USDA|VA) | 5 | $2,145,000 | $429,000 | $7,545 | 4.30% |
| TYLER, TX (FHA|USDA|VA) | 10 | $2,120,000 | $212,000 | $4,149 | 4.53% |
| ABILENE, TX (FHA|USDA|VA) | 4 | $1,860,000 | $465,000 | $2,434 | 4.53% |
| Mineral Wells, TX (FHA|USDA|VA) | 4 | $1,560,000 | $390,000 | $9,086 | 4.97% |
| LAREDO, TX (FHA|USDA|VA) | 16 | $1,440,000 | $90,000 | $627 | 4.31% |
| Huntsville, TX (FHA|USDA|VA) | 4 | $1,310,000 | $327,500 | $9,881 | 3.22% |
| Sulphur Springs, TX (FHA|USDA|VA) | 3 | $1,275,000 | $425,000 | $10,037 | 3.29% |
| EL PASO, TX (FHA|USDA|VA) | 13 | $1,205,000 | $92,692 | $1,694 | 4.08% |
| Granbury, TX (FHA|USDA|VA) | 7 | $1,135,000 | $162,143 | $1,803 | 4.16% |
| SAN ANGELO, TX (FHA|USDA|VA) | 6 | $1,070,000 | $178,333 | $2,394 | 4.67% |
| VICTORIA, TX (FHA|USDA|VA) | 8 | $1,060,000 | $132,500 | $2,308 | 4.29% |
| Mount Pleasant, TX (FHA|USDA|VA) | 2 | $1,000,000 | $500,000 | $5,906 | 4.38% |
| BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) | 3 | $935,000 | $311,667 | $4,240 | 4.50% |
| Del Rio, TX (FHA|USDA|VA) | 6 | $910,000 | $151,667 | $3,456 | 3.92% |
| Jacksonville, TX (FHA|USDA|VA) | 3 | $775,000 | $258,333 | $5,563 | 3.88% |
| AMARILLO, TX (FHA|USDA|VA) | 2 | $760,000 | $380,000 | $6,538 | 4.69% |
| Port Lavaca, TX (FHA|USDA|VA) | 2 | $680,000 | $340,000 | $7,672 | 4.50% |
| MIDLAND, TX (FHA|USDA|VA) | 3 | $675,000 | $225,000 | $4,037 | 5.08% |
| Stephenville, TX (FHA|USDA|VA) | 4 | $640,000 | $160,000 | $1,864 | 4.38% |
| Corsicana, TX (FHA|USDA|VA) | 4 | $610,000 | $152,500 | $3,012 | 4.69% |
| Kingsville, TX (FHA|USDA|VA) | 4 | $580,000 | $145,000 | $3,090 | 3.72% |
| Bonham, TX (FHA|USDA|VA) | 4 | $510,000 | $127,500 | $1,321 | 3.71% |
| Gainesville, TX (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $9,929 | 4.88% |
| Eagle Pass, TX (FHA|USDA|VA) | 4 | $490,000 | $122,500 | $1,796 | 3.89% |
| Bay City, TX (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $5,135 | 3.60% |
| Uvalde, TX (FHA|USDA|VA) | 4 | $400,000 | $100,000 | $3,818 | 4.03% |
| Pearsall, TX (FHA|USDA|VA) | 3 | $375,000 | $125,000 | $3,901 | 5.17% |
| Paris, TX (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $0 | 3.90% |
| Brenham, TX (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $7,695 | 2.13% |
| Alice, TX (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $3,334 | 6.63% |
| Lufkin, TX (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $5,372 | 2.13% |
| Nacogdoches, TX (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $3,985 | 6.88% |
| Palestine, TX (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $2,366 | 5.94% |
| Beeville, TX (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,475 | 5.13% |
| WICHITA FALLS, TX (FHA|USDA|VA) | 2 | $170,000 | $85,000 | $12 | 4.88% |
| Zapata, TX (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,605 | 2.88% |
| Big Spring, TX (FHA|USDA|VA) | 2 | $110,000 | $55,000 | $639 | 4.69% |
| Rio Grande City-Roma, TX (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $635 | 6.00% |
| Andrews, TX (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $1,635 | 5.50% |
| Plainview, TX (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 4.25% |
| ODESSA, TX (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 5.88% |
Similar Lenders
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 | 6,778 | $1,361,930,000 | $200,934 | $2,398 | 4.39% |
| HELOC | 1,395 | $149,165,000 | $106,928 | n/a | 4.45% |
For 2022, Randolph-brooks's most frequently originated type of loan was Conventional, with 6,778 originations. Their 2nd most popular type was HELOC, with 1,395 originations.
Loan Reason
For 2022, Randolph-brooks's most frequently cited loan purpose was Cash Out Refi, with 3,418 originations. The 2nd most popular reason was Home Improvement, with 2,319 originations.
Loan Duration/Length
For 2022, Randolph-brooks's most frequently cited loan duration was 15 Year, with 3,588 originations. The 2nd most popular length was 30 Year, with 1,520 originations.
Origination Fees/Closing Costs
Randolph-brooks's average total fees were $3,556, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 5,195 originations.
Interest Rates
During 2022, Randolph-brooks's average interest rate for loans was 4.46%, while their most frequently originated rate bucket for loans was 4-5%, with 2,180 originations.
Loan Sizing
2022 saw Randolph-brooks place emphasis on $100,000 or less loans with 3,446 originations, totaling $196,970,000 in origination value.
Applicant Income
Randolph-brooks lent most frequently to those with incomes in the $100k-150k range, with 2,189 originations. The second most popular income band? $150k-250k, with 2,105 originations.
Applicant Debt to Income Ratio
Randolph-brooks lent most frequently to those with DTI ratios of 20-30%, with 1,477 originations. The next most common DTI ratio? 30-36%, with 1,306 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications86.96%
Randolph-brooks has an average approval rate.
Pick Rate
Approvals leading to origination48.16%
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 | 8,173 | $1,511,095,000 | $184,889 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 8,173 | $1,511,095,000 | $184,889 |