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. D.w. Brown Mortgage Corp. has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top two markets are St. Louis and Chicago .

    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.

    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
    30 Year Conventional Purchase 6.59% 4/28/24
    30 Year Conventional Refi 6.27% 4/28/24
    30 Year FHA Purchase 7.54% 4/28/24
    30 Year VA Purchase 6.42% 4/28/24
    30 Year USDA Purchase 6.27% 4/28/24
    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

    121

    Origination Dollar Volume (All Markets)

    $20,855,000

    Awards

    D.W. BROWN MORTGAGE CORP. FHA Loans gold D.W. BROWN MORTGAGE CORP. FHA Loans gold D.W. BROWN MORTGAGE CORP. VA Loans gold
    Show all (3) 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) 120 $20,370,000 $169,750 $3,040 4.21%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $485,000 $485,000 $0 4.13%
    D.w. Brown Mortgage Corp.'s top markets include St. Louis and Chicago 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.

    WEST COMMUNITY
    Similarity Rank: 190
    United Bank of Union
    Similarity Rank: 275
    D.W. BROWN MORTGAGE CORP.
    Similarity Rank: 302
    ELECTRO SAVINGS CREDIT UNION
    Similarity Rank: 396
    Dieterich Bank
    Similarity Rank: 442
    CapGrow Home Mortgage, LLC
    Similarity Rank: 450
    Ozarks Federal Savings and Loan Association
    Similarity Rank: 490
    ALLTRU Federal Credit Union
    Similarity Rank: 780
    JERSEY STATE BANK
    Similarity Rank: 792
    First Mid Bank & Trust
    Similarity Rank: 1020

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 43 $6,845,000 $159,186 $344 4.39%
    VA 43 $9,115,000 $211,977 $4,317 4.05%
    FHA 32 $4,450,000 $139,063 $2,387 4.20%
    USDA 3 $445,000 $148,333 $1,111 4.17%

    For 2019, D.w. Brown Mortgage Corp.'s most frequently originated type of loan was Conventional, with 43 originations. Their 2nd most popular type was VA, with 43 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 112 $19,150,000 $170,982 $3,178 4.22%
    Refi 8 $1,580,000 $197,500 $1,134 4.06%
    Cash Out Refi 1 $125,000 $125,000 $0 4.63%

    For 2019, D.w. Brown Mortgage Corp.'s most frequently cited loan purpose was Home Purchase, with 112 originations. The 2nd most popular reason was Refi, with 8 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 117 $20,335,000 $173,803 $3,086 4.23%
    15 Year 4 $520,000 $130,000 $344 3.78%

    For 2019, D.w. Brown Mortgage Corp.'s most frequently cited loan duration was 30 Year, with 117 originations. The 2nd most popular length was 15 Year, with 4 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 60 $10,080,000 $168,000
    3-4% 55 $10,215,000 $185,727
    5-6% 6 $560,000 $93,333

    During 2019, D.w. Brown Mortgage Corp.'s average interest rate for loans was 4.23%, while their most frequently originated rate bucket for loans was 4-5%, with 60 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 52 $7,710,000 $148,269 $2,591 4.21%
    $200k-400k 39 $10,385,000 $266,282 $4,883 4.06%
    $100,000 or less 29 $2,275,000 $78,448 $1,452 4.41%
    $400k-600k 1 $485,000 $485,000 $0 4.13%

    2019 saw D.w. Brown Mortgage Corp. place emphasis on $100k-200k loans with 52 originations, totaling $7,710,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 36 $4,160,000 $115,556 $1,462 4.35%
    $100k-150k 29 $5,975,000 $206,034 $4,487 4.12%
    $75k-100k 26 $5,340,000 $205,385 $3,719 4.05%
    $50k-75k 23 $3,325,000 $144,565 $3,805 4.31%
    $150k-250k 7 $2,055,000 $293,571 $3,985 4.16%

    D.w. Brown Mortgage Corp. lent most frequently to those with incomes in the $50k or less range, with 36 originations. The second most popular income band? $100k-150k, with 29 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 28 $4,660,000 $166,429 $2,745 4.14%
    30-36% 17 $3,125,000 $183,824 $2,722 4.47%
    <20% 13 $1,865,000 $143,462 $1,526 3.98%
    50-60% 12 $2,100,000 $175,000 $2,938 3.83%
    43% 6 $1,290,000 $215,000 $4,961 4.21%
    46% 6 $1,340,000 $223,333 $6,611 4.42%
    44% 5 $595,000 $119,000 $1,782 4.65%
    36% 4 $670,000 $167,500 $2,708 4.34%
    48% 4 $760,000 $190,000 $4,560 4.25%
    38% 4 $380,000 $95,000 $1,383 3.94%
    42% 3 $465,000 $155,000 $1,603 4.46%
    39% 3 $495,000 $165,000 $3,341 4.42%
    45% 3 $515,000 $171,667 $3,323 4.29%
    47% 3 $435,000 $145,000 $3,797 4.08%
    37% 2 $300,000 $150,000 $3,311 4.81%
    >60% 1 $285,000 $285,000 $5,913 4.38%
    40% 1 $175,000 $175,000 $3,763 3.88%
    49% 1 $195,000 $195,000 $0 4.63%
    41% 1 $315,000 $315,000 $5,488 4.50%

    D.w. Brown Mortgage Corp. lent most frequently to those with DTI ratios of 20-30%, with 28 originations. The next most common DTI ratio? 30-36%, with 17 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 110 $18,870,000 $171,545 $2,979 4.20%
    Black 6 $1,010,000 $168,333 $2,924 4.10%
    Asian 3 $525,000 $175,000 $3,882 4.50%
    Native Hawaiian or Islander 2 $450,000 $225,000 $5,913 4.63%

    Approval Rates

    Total approvals of all applications
    98.63%

    D.w. Brown Mortgage Corp. has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    80.99%

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

    Points and Fees

    Points Originations Total Value Average Loan
    NA 121 $20,855,000 $172,355

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 121 $20,855,000 $172,355

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 1 $65,000 $65,000 $1,155 5.13%
    40-60% 5 $515,000 $103,000 $910 4.10%
    60-80% 15 $2,235,000 $149,000 $1,645 4.55%
    80-100% 91 $16,175,000 $177,747 $2,680 4.16%
    Over 100% 8 $1,800,000 $225,000 $5,875 4.14%