D.w. Brown Mortgage Corp. Rates, Fees & Info

EDWARDSVILLE, IL

LEI: 549300PW3M6ZVFRNAH90

Tax ID: 37-1273743

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

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    D.w. Brown Mortgage Corp. is a smaller mortgage company specializing in Home Purchase loans. They have an average proportion of FHA loans. D.w. Brown Mortgage Corp. has an average proportion of conventional loans. Their top markets by origination volume include: St. Louis, Jacksonville, and Mount Vernon among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

    D.w. Brown Mortgage Corp. has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. D.w. Brown Mortgage Corp. 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.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.59% 4/21/24
    30 Year Conventional Refi 6.27% 4/21/24
    30 Year FHA Purchase 7.54% 4/21/24
    30 Year VA Purchase 6.42% 4/21/24
    30 Year USDA Purchase 6.27% 4/21/24
    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.

    D.w. Brown Mortgage Corp. Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from D.w. Brown Mortgage Corp.. 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

    180

    Origination Dollar Volume (All Markets)

    $29,690,000
    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
    ST. LOUIS, MO-IL (FHA|USDA|VA) 172 $28,750,000 $167,151 $2,750 4.89%
    Outside of Metro Areas 5 $565,000 $113,000 $1,651 4.99%
    Jacksonville, IL (FHA|USDA|VA) 2 $300,000 $150,000 $1,712 4.81%
    Mount Vernon, IL (FHA|USDA|VA) 1 $75,000 $75,000 $2,534 5.88%
    D.w. Brown Mortgage Corp.'s top markets include St. Louis, Jacksonville, and Mount Vernon among others.

    Their top states include:
  • Illinois (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against D.W. BROWN MORTGAGE CORP. based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Ozarks Federal Savings and Loan Association
    Similarity Rank: 100
    Community Bank of Trenton
    Similarity Rank: 108
    First National Bank of Waterloo
    Similarity Rank: 200
    RELIANCE BANK
    Similarity Rank: 238
    CapGrow Home Mortgage, LLC
    Similarity Rank: 272
    JERSEY STATE BANK
    Similarity Rank: 354
    Farmers and Merchants Bank of St. Clair
    Similarity Rank: 408
    United Bank of Union
    Similarity Rank: 415
    HNB National Bank
    Similarity Rank: 576
    Bank of Hillsboro
    Similarity Rank: 679

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    FHA 64 $7,980,000 $124,688 $2,141 4.83%
    VA 51 $11,555,000 $226,569 $4,560 4.71%
    Conventional 50 $8,200,000 $164,000 $2,070 5.29%
    USDA 15 $1,955,000 $130,333 $1,057 4.49%

    For 2018, D.w. Brown Mortgage Corp.'s most frequently originated type of loan was FHA, with 64 originations. Their 2nd most popular type was VA, with 51 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 172 $28,030,000 $162,965 $2,697 4.88%
    Cash Out Refi 6 $1,020,000 $170,000 $3,215 5.17%
    Refi 2 $640,000 $320,000 $1,982 4.88%

    For 2018, D.w. Brown Mortgage Corp.'s most frequently cited loan purpose was Home Purchase, with 172 originations. The 2nd most popular reason was Cash Out Refi, with 6 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 177 $29,125,000 $164,548 $2,696 4.91%
    15 Year 2 $460,000 $230,000 $4,019 3.88%
    20 Year 1 $105,000 $105,000 $1,948 4.55%

    For 2018, D.w. Brown Mortgage Corp.'s most frequently cited loan duration was 30 Year, with 177 originations. The 2nd most popular length was 15 Year, with 2 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 3 $405,000 $135,000

    D.w. Brown Mortgage Corp.'s average total fees were $2,696, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 3 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 114 $19,360,000 $169,825
    5-6% 54 $8,500,000 $157,407
    3-4% 6 $1,320,000 $220,000
    6-7% 6 $510,000 $85,000

    During 2018, D.w. Brown Mortgage Corp.'s average interest rate for loans was 4.91%, while their most frequently originated rate bucket for loans was 4-5%, with 114 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 81 $11,825,000 $145,988 $2,463 4.85%
    $200k-400k 52 $14,280,000 $274,615 $4,122 4.80%
    $100,000 or less 47 $3,585,000 $76,277 $1,553 5.08%

    2018 saw D.w. Brown Mortgage Corp. place emphasis on $100k-200k loans with 81 originations, totaling $11,825,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 54 $7,990,000 $147,963 $2,519 4.99%
    $50k or less 45 $4,765,000 $105,889 $1,712 4.87%
    $100k-150k 34 $7,300,000 $214,706 $3,521 4.76%
    $75k-100k 31 $5,705,000 $184,032 $3,181 4.93%
    $150k-250k 15 $3,615,000 $241,000 $3,521 4.86%
    $250k+ 1 $315,000 $315,000 $1,948 5.00%

    D.w. Brown Mortgage Corp. lent most frequently to those with incomes in the $50k-75k range, with 54 originations. The second most popular income band? $50k or less, with 45 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 35 $5,695,000 $162,714 $2,509 4.86%
    30-36% 31 $4,625,000 $149,194 $2,492 4.79%
    50-60% 20 $3,870,000 $193,500 $3,090 4.78%
    47% 9 $1,535,000 $170,556 $3,036 4.97%
    42% 9 $1,565,000 $173,889 $1,873 4.97%
    49% 8 $1,500,000 $187,500 $3,781 5.11%
    39% 8 $1,030,000 $128,750 $2,066 5.45%
    <20% 7 $1,155,000 $165,000 $3,543 4.25%
    37% 7 $1,275,000 $182,143 $2,213 5.18%
    38% 7 $675,000 $96,429 $1,445 4.78%
    41% 7 $1,075,000 $153,571 $2,473 5.04%
    43% 5 $715,000 $143,000 $1,944 4.88%
    45% 5 $775,000 $155,000 $2,219 5.08%
    36% 5 $925,000 $185,000 $3,266 5.13%
    44% 4 $930,000 $232,500 $5,114 4.38%
    48% 4 $450,000 $112,500 $1,935 4.75%
    40% 4 $780,000 $195,000 $3,452 4.92%
    >60% 3 $705,000 $235,000 $6,025 4.91%
    46% 2 $410,000 $205,000 $2,366 5.94%

    D.w. Brown Mortgage Corp. lent most frequently to those with DTI ratios of 20-30%, with 35 originations. The next most common DTI ratio? 30-36%, with 31 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 155 $26,165,000 $168,806 $2,712 4.88%
    Black 24 $3,470,000 $144,583 $2,698 4.97%
    Asian 1 $55,000 $55,000 $1,948 5.25%

    Approval Rates

    Total approvals of all applications
    94.76%

    D.w. Brown Mortgage Corp. has an average approval rate.

    Pick Rate

    Approvals leading to origination
    79.44%

    D.w. Brown Mortgage Corp. has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 180 $29,690,000 $164,944

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 180 $29,690,000 $164,944

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    40-60% 3 $415,000 $138,333 $2,529 4.48%
    60-80% 16 $1,970,000 $123,125 $2,114 5.28%
    80-100% 145 $23,975,000 $165,345 $2,453 4.87%
    Over 100% 16 $3,330,000 $208,125 $5,822 4.81%