Randolph-brooks Mortgage Rates, Fees & Info

Live Oak, TX

LEI: 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, Home Purchase, and Refi 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 47 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% 3/24/24
30 Year Conventional Purchase 6.58% 3/24/24
30 Year Conventional Refi 6.28% 3/24/24
30 Year Cash-out Refi 6.62% 3/24/24
15 Year Conventional Purchase 5.62% 3/24/24
15 Year Conventional Refi 5.45% 3/24/24
15 Year Cash-out Refi 5.45% 3/24/24
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

6,509

Origination Dollar Volume (All Markets)

$949,565,000
Show all (7) awards

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) 3,638 $474,560,000 $130,445 $1,831 4.08%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1,660 $264,830,000 $159,536 $2,043 4.09%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 582 $99,490,000 $170,945 $2,281 3.99%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 141 $31,895,000 $226,206 $3,475 3.75%
Outside of Metro Areas 113 $18,635,000 $164,912 $3,518 3.90%
CORPUS CHRISTI, TX (FHA|USDA|VA) 104 $16,910,000 $162,596 $3,013 3.85%
Kerrville, TX (FHA|USDA|VA) 50 $8,130,000 $162,600 $1,895 4.03%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 37 $5,585,000 $150,946 $2,422 4.14%
Athens, TX (FHA|USDA|VA) 7 $2,945,000 $420,714 $4,351 3.64%
Rockport, TX (FHA|USDA|VA) 13 $2,585,000 $198,846 $3,884 3.54%
BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 17 $2,385,000 $140,294 $2,117 4.07%
SHERMAN-DENISON, TX (FHA|USDA|VA) 13 $2,345,000 $180,385 $3,393 4.30%
Fredericksburg, TX (FHA|USDA|VA) 12 $2,030,000 $169,167 $3,015 4.27%
LAREDO, TX (FHA|USDA|VA) 9 $1,755,000 $195,000 $4,049 3.71%
VICTORIA, TX (FHA|USDA|VA) 12 $1,370,000 $114,167 $2,322 4.18%
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 9 $1,315,000 $146,111 $3,711 3.63%
WACO, TX (FHA|USDA|VA) 5 $1,265,000 $253,000 $2,491 3.41%
LUBBOCK, TX (FHA|USDA|VA) 9 $1,185,000 $131,667 $2,895 3.52%
EL PASO, TX (FHA|USDA|VA) 9 $1,105,000 $122,778 $1,962 3.64%
MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 9 $1,035,000 $115,000 $2,799 3.65%
Bonham, TX (FHA|USDA|VA) 5 $965,000 $193,000 $3,971 3.30%
MIDLAND, TX (FHA|USDA|VA) 2 $730,000 $365,000 $8,097 3.19%
Brenham, TX (FHA|USDA|VA) 2 $570,000 $285,000 $7,240 3.38%
Port Lavaca, TX (FHA|USDA|VA) 3 $555,000 $185,000 $5,886 3.63%
SAN ANGELO, TX (FHA|USDA|VA) 2 $490,000 $245,000 $3,970 3.69%
Alice, TX (FHA|USDA|VA) 3 $485,000 $161,667 $4,370 3.67%
ABILENE, TX (FHA|USDA|VA) 4 $450,000 $112,500 $1,786 3.83%
Kingsville, TX (FHA|USDA|VA) 3 $425,000 $141,667 $4,664 3.38%
TYLER, TX (FHA|USDA|VA) 4 $420,000 $105,000 $1,770 3.22%
Paris, TX (FHA|USDA|VA) 1 $355,000 $355,000 $4,953 3.88%
Uvalde, TX (FHA|USDA|VA) 2 $340,000 $170,000 $3,673 4.38%
Beeville, TX (FHA|USDA|VA) 4 $320,000 $80,000 $2,372 4.49%
Del Rio, TX (FHA|USDA|VA) 5 $255,000 $51,000 $236 4.19%
Eagle Pass, TX (FHA|USDA|VA) 3 $235,000 $78,333 $2,468 4.54%
Bay City, TX (FHA|USDA|VA) 1 $195,000 $195,000 $2,788 3.85%
BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 1 $175,000 $175,000 $0 5.60%
WICHITA FALLS, TX (FHA|USDA|VA) 3 $175,000 $58,333 $769 3.86%
Jacksonville, TX (FHA|USDA|VA) 1 $155,000 $155,000 $6,779 3.88%
Lufkin, TX (FHA|USDA|VA) 1 $155,000 $155,000 $3,985 4.25%
Pearsall, TX (FHA|USDA|VA) 2 $140,000 $70,000 $341 4.63%
AMARILLO, TX (FHA|USDA|VA) 1 $125,000 $125,000 $1,698 2.55%
Granbury, TX (FHA|USDA|VA) 1 $125,000 $125,000 $0 4.25%
Mount Pleasant, TX (FHA|USDA|VA) 1 $95,000 $95,000 $3,458 3.25%
Zapata, TX (FHA|USDA|VA) 2 $90,000 $45,000 $1,504 4.56%
El Campo, TX (FHA|USDA|VA) 1 $65,000 $65,000 $32 3.85%
Brownwood, TX (FHA|USDA|VA) 1 $65,000 $65,000 $0 3.95%
LONGVIEW, TX (FHA|USDA|VA) 1 $55,000 $55,000 $2,436 3.65%
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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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 6,130 $919,710,000 $150,034 $2,042 4.01%
    HELOC 379 $29,855,000 $78,773 n/a 4.76%

    For 2019, Randolph-brooks's most frequently originated type of loan was Conventional, with 6,130 originations. Their 2nd most popular type was HELOC, with 379 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 2,904 $264,840,000 $91,198 $593 4.32%
    Home Purchase 1,458 $390,200,000 $267,627 $5,094 3.84%
    Home Improvement 1,091 $73,065,000 $66,971 $444 4.30%
    Refi 1,056 $221,460,000 $209,716 $3,375 3.36%

    For 2019, Randolph-brooks's most frequently cited loan purpose was Cash Out Refi, with 2,904 originations. The 2nd most popular reason was Home Purchase, with 1,458 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 2,478 $319,710,000 $129,019 $2,401 4.01%
    30 Year 1,214 $316,170,000 $260,437 $3,331 4.19%
    Other 1,074 $98,920,000 $92,104 $1,080 3.59%
    10 Year 806 $59,970,000 $74,404 $456 4.11%
    20 Year 774 $83,810,000 $108,282 $903 4.60%
    30+ year 142 $68,190,000 $480,211 $8,590 3.98%
    5 Year 18 $2,240,000 $124,444 $865 3.44%
    3 Year 3 $555,000 $185,000 $0 5.62%

    For 2019, Randolph-brooks's most frequently cited loan duration was 15 Year, with 2,478 originations. The 2nd most popular length was 30 Year, with 1,214 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 4,618 $559,500,000 $121,156
    $1k-2k 717 $164,775,000 $229,812
    $2k-3k 291 $62,605,000 $215,137
    $3k-4k 127 $38,765,000 $305,236
    $5k+ 51 $36,435,000 $714,412
    $4k-5k 43 $16,555,000 $385,000

    Randolph-brooks's average total fees were $3,331, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 4,618 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 2,838 $475,310,000 $167,481
    4-5% 2,624 $305,760,000 $116,524
    2.5-3% 501 $113,505,000 $226,557
    5-6% 419 $41,695,000 $99,511
    6-7% 83 $6,925,000 $83,434
    <2.5% 36 $5,500,000 $152,778
    7-8% 8 $870,000 $108,750

    During 2019, Randolph-brooks's average interest rate for loans was 4.19%, while their most frequently originated rate bucket for loans was 3-4%, with 2,838 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 3,347 $177,045,000 $52,897 $352 4.23%
    $100k-200k 1,684 $239,630,000 $142,298 $2,265 3.95%
    $200k-400k 1,113 $303,635,000 $272,808 $4,529 3.78%
    $400k-600k 237 $114,965,000 $485,084 $6,387 3.78%
    $600k-1MM 101 $73,405,000 $726,782 $8,815 3.70%
    $1MM+ 27 $40,885,000 $1,514,259 $16,140 3.52%

    2019 saw Randolph-brooks place emphasis on $100,000 or less loans with 3,347 originations, totaling $177,045,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 1,739 $231,755,000 $133,269 $2,002 4.04%
    $150k-250k 1,296 $254,580,000 $196,435 $2,767 3.99%
    $50k-75k 1,175 $109,055,000 $92,813 $1,296 4.10%
    $75k-100k 1,106 $123,380,000 $111,555 $1,603 4.08%
    $50k or less 613 $41,785,000 $68,165 $851 4.16%
    $250k+ 433 $164,275,000 $379,388 $5,288 3.90%

    Randolph-brooks lent most frequently to those with incomes in the $100k-150k range, with 1,739 originations. The second most popular income band? $150k-250k, with 1,296 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 1,431 $208,355,000 $145,601 $2,081 3.89%
    30-36% 1,148 $175,310,000 $152,709 $2,253 4.01%
    50-60% 775 $104,605,000 $134,974 $1,637 4.27%
    <20% 455 $57,355,000 $126,055 $1,771 3.82%
    41% 273 $37,595,000 $137,711 $1,982 4.13%
    39% 223 $33,485,000 $150,157 $2,128 4.04%
    36% 218 $28,490,000 $130,688 $1,927 4.09%
    40% 213 $29,855,000 $140,164 $1,871 4.12%
    42% 212 $30,720,000 $144,906 $2,060 4.13%
    38% 198 $29,400,000 $148,485 $1,997 4.09%
    37% 195 $35,185,000 $180,436 $2,686 3.99%
    44% 177 $28,595,000 $161,554 $2,429 4.15%
    43% 173 $25,235,000 $145,867 $1,870 4.15%
    45% 147 $21,555,000 $146,633 $2,027 4.07%
    46% 137 $19,685,000 $143,686 $2,001 4.19%
    49% 131 $18,625,000 $142,176 $1,797 4.21%
    48% 130 $18,180,000 $139,846 $2,156 4.20%
    47% 125 $19,635,000 $157,080 $2,404 4.08%
    >60% 62 $10,440,000 $168,387 $2,179 4.33%

    Randolph-brooks lent most frequently to those with DTI ratios of 20-30%, with 1,431 originations. The next most common DTI ratio? 30-36%, with 1,148 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 4,134 $598,890,000 $144,869 $2,051 4.06%
    Not provided 1,752 $240,100,000 $137,043 $1,900 4.06%
    Asian 269 $55,685,000 $207,007 $2,942 3.81%
    Black 193 $26,905,000 $139,404 $1,921 4.09%
    Not applicable 64 $13,060,000 $204,063 $0 4.66%
    American Indian 83 $11,675,000 $140,663 $1,908 4.16%
    Asian Indian 6 $1,740,000 $290,000 $4,262 3.20%
    Native Hawaiian or Islander 6 $1,320,000 $220,000 $2,821 4.34%
    Vietnamese 1 $165,000 $165,000 $5,675 3.25%
    Filipino 1 $25,000 $25,000 $0 4.00%

    Approval Rates

    Total approvals of all applications
    81.92%

    Randolph-brooks has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    42.30%

    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
    0.0 4 $520,000 $130,000
    NA 6,505 $949,045,000 $145,895

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 11 $4,645,000 $422,273
    Single Family (1-4 Units):Manufactured 30 $2,350,000 $78,333
    Single Family (1-4 Units):Site-Built 6,468 $942,570,000 $145,728

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 1,297 $107,405,000 $82,810 $631 4.21%
    40-60% 1,005 $148,265,000 $147,527 $2,101 3.87%
    60-80% 1,593 $382,835,000 $240,323 $3,617 3.91%
    80-100% 886 $233,900,000 $263,995 $4,698 3.84%
    Over 100% 1 $75,000 $75,000 $1,090 4.68%
    Under 20% 1,727 $77,085,000 $44,635 $194 4.29%