Smart Choice Mortgage A Texas Limited Liability C Rates, Fees & Info
HOUSTON, TXLEI: 549300PZATEYE8VIEN67
Tax ID: 47-3980438
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Smart Choice Mortgage A Texas Limited Liability C is a smaller mortgage company specializing in Home Purchase loans. Smart Choice Mortgage A Texas Limited Liability C has a high proportion of conventional loans. Their top markets by origination volume include: San Antonio, Austin, and Houston among others. We have data for 3 markets. (Some data included below & more in-depth data is available with an active subscription.)Smart Choice Mortgage A Texas Limited Liability C 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. Smart Choice Mortgage A Texas Limited Liability C 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 | 6.58% | 12/16/24 |
| 30 Year Cash-out Refi | 6.27% | 12/16/24 |
| 30 Year FHA Purchase | 6.27% | 12/16/24 |
| 30 Year VA Purchase | 5.98% | 12/16/24 |
| 15 Year Conventional Purchase | 6.12% | 12/16/24 |
| 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. | ||
Smart Choice Mortgage A Texas Limited Liability C Mortgage Calculator
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Smart Choice Mortgage A Texas Limited Liability C. 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
122Origination Dollar Volume (All Markets)
$41,850,000Awards
SMART CHOICE MORTGAGE A TEXAS LIMITED LIABILITY C - 2019
SMART CHOICE MORTGAGE A TEXAS LIMITED LIABILITY C is a 2019 , due to their low .
For 2019, less than of lenders were eligible for this award.
Work for SMART CHOICE MORTGAGE A TEXAS LIMITED LIABILITY C?
Use this award on your own site. Either save and use the images below, or pass the provided image embed code to your development team.
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) | 63 | $20,965,000 | $332,778 | $5,520 | 4.06% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 48 | $17,440,000 | $363,333 | $3,305 | 4.15% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 11 | $3,445,000 | $313,182 | $3,555 | 4.03% |
Similar Lenders
We use machine learning to identify the top lenders compared against SMART CHOICE MORTGAGE A TEXAS LIMITED LIABILITY C based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 549
Similarity Rank: 582
Similarity Rank: 707
Similarity Rank: 888
Similarity Rank: 928
Similarity Rank: 1060
Similarity Rank: 1215
Similarity Rank: 1296
Similarity Rank: 1340
Similarity Rank: 1395
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 105 | $34,905,000 | $332,429 | $3,876 | 4.14% |
| VA | 17 | $6,945,000 | $408,529 | $7,783 | 3.79% |
For 2019, Smart Choice Mortgage A Texas Limited Liability C's most frequently originated type of loan was Conventional, with 105 originations. Their 2nd most popular type was VA, with 17 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 119 | $40,485,000 | $340,210 | $4,448 | 4.10% |
| Refi | 3 | $1,365,000 | $455,000 | $5,041 | 3.88% |
For 2019, Smart Choice Mortgage A Texas Limited Liability C's most frequently cited loan purpose was Home Purchase, with 119 originations. The 2nd most popular reason was Refi, with 3 originations.
Loan Duration/Length
For 2019, Smart Choice Mortgage A Texas Limited Liability C's most frequently cited loan duration was 30 Year, with 117 originations. The 2nd most popular length was 10 Year, with 2 originations.
Origination Fees/Closing Costs
Smart Choice Mortgage A Texas Limited Liability C's average total fees were $4,485, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 60 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 60 | $20,890,000 | $348,167 |
| 3-4% | 58 | $19,410,000 | $334,655 |
| 2.5-3% | 2 | $650,000 | $325,000 |
| 5-6% | 2 | $900,000 | $450,000 |
During 2019, Smart Choice Mortgage A Texas Limited Liability C's average interest rate for loans was 4.12%, while their most frequently originated rate bucket for loans was 4-5%, with 60 originations.
Loan Sizing
2019 saw Smart Choice Mortgage A Texas Limited Liability C place emphasis on $200k-400k loans with 63 originations, totaling $19,795,000 in origination value.
Applicant Income
Smart Choice Mortgage A Texas Limited Liability C lent most frequently to those with incomes in the $150k-250k range, with 47 originations. The second most popular income band? $100k-150k, with 37 originations.
Applicant Debt to Income Ratio
Smart Choice Mortgage A Texas Limited Liability C lent most frequently to those with DTI ratios of <20%, with 24 originations. The next most common DTI ratio? 30-36%, with 18 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications100.00%
Smart Choice Mortgage A Texas Limited Liability C has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination86.89%
Smart Choice Mortgage A Texas Limited Liability C has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 122 | $41,850,000 | $343,033 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 122 | $41,850,000 | $343,033 |