Las Colinas Mortgage Rates, Fees & Info
Irving, TXLEI: 549300QONNWTTNCN9G42
Tax ID: 75-6021238
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Las Colinas is a smaller mortgage company specializing in Home Purchase and Cash Out Refi loans. Las Colinas has a high proportion of conventional loans. Their top markets by origination volume include: Dallas, Los Angeles, Bonham, Houston, and Raleigh among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)Las Colinas 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. Las Colinas is typically an average 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.
Originations
38Origination Dollar Volume (All Markets)
$6,880,000Top 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 |
|---|---|---|---|---|---|
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 32 | $5,960,000 | $186,250 | $5,606 | 4.87% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $2,553 | 5.25% |
| Bonham, TX (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $4,344 | 4.88% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,700 | 4.88% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,110 | 6.00% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $2,804 | 4.88% |
| Palestine, TX (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $2,857 | 3.88% |
Similar Lenders
We use machine learning to identify the top lenders compared against LAS COLINAS based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 200
Similarity Rank: 416
Similarity Rank: 780
Similarity Rank: 870
Similarity Rank: 897
Similarity Rank: 992
Similarity Rank: 1220
Similarity Rank: 1440
Similarity Rank: 1488
Similarity Rank: 1809
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 38 | $6,880,000 | $181,053 | $5,146 | 4.88% |
For 2018, Las Colinas's most frequently originated type of loan was Conventional, with 38 originations.
Loan Reason
For 2018, Las Colinas's most frequently cited loan purpose was Home Purchase, with 15 originations. The 2nd most popular reason was Cash Out Refi, with 10 originations.
Loan Duration/Length
For 2018, Las Colinas's most frequently cited loan duration was 30 Year, with 20 originations. The 2nd most popular length was 15 Year, with 14 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 18 | $3,740,000 | $207,778 |
| $1k-2k | 6 | $1,190,000 | $198,333 |
| $2k-3k | 6 | $1,200,000 | $200,000 |
| $4k-5k | 1 | $305,000 | $305,000 |
Las Colinas's average total fees were $5,848, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 18 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 23 | $4,165,000 | $181,087 |
| 5-6% | 12 | $2,140,000 | $178,333 |
| 3-4% | 3 | $575,000 | $191,667 |
During 2018, Las Colinas's average interest rate for loans was 5.07%, while their most frequently originated rate bucket for loans was 4-5%, with 23 originations.
Loan Sizing
2018 saw Las Colinas place emphasis on $100k-200k loans with 14 originations, totaling $2,020,000 in origination value.
Applicant Income
Las Colinas lent most frequently to those with incomes in the $100k-150k range, with 13 originations. The second most popular income band? $50k-75k, with 9 originations.
Applicant Debt to Income Ratio
Las Colinas lent most frequently to those with DTI ratios of 49%, with 6 originations. The next most common DTI ratio? 20-30%, with 6 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications81.93%
Las Colinas has a below average approval rate.
Pick Rate
Approvals leading to origination31.58%
Las Colinas 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 | 38 | $6,880,000 | $181,053 |