Las Colinas Mortgage Rates, Fees & Info
Irving, TXLEI: 549300QONNWTTNCN9G42
Tax ID: 75-6021238
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Mortgage Data
Review & Overview
Las Colinas is a smaller mortgage company specializing in Cash Out Refi and Home Purchase loans. Las Colinas has a high proportion of conventional loans. Their top markets by origination volume include: Dallas, Houston, and San Antonio among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)Las Colinas 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. 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.
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Originations
29Origination Dollar Volume (All Markets)
$5,805,000Top 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) | 25 | $4,715,000 | $188,600 | $4,571 | 4.57% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 2 | $720,000 | $360,000 | $4,749 | 4.00% |
| Outside of Metro Areas | 1 | $265,000 | $265,000 | $3,392 | 5.00% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $4,243 | 4.38% |
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.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 29 | $5,805,000 | $200,172 | $4,531 | 4.54% |
For 2019, Las Colinas's most frequently originated type of loan was Conventional, with 29 originations.
Loan Reason
For 2019, Las Colinas's most frequently cited loan purpose was Cash Out Refi, with 17 originations. The 2nd most popular reason was Home Purchase, with 6 originations.
Loan Duration/Length
For 2019, Las Colinas's most frequently cited loan duration was 30 Year, with 16 originations. The 2nd most popular length was 15 Year, with 9 originations.
Origination Fees/Closing Costs
Las Colinas's average total fees were $4,956, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 13 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 11 | $2,205,000 | $200,455 |
| 4-5% | 9 | $1,885,000 | $209,444 |
| 5-6% | 9 | $1,715,000 | $190,556 |
During 2019, Las Colinas's average interest rate for loans was 4.87%, while their most frequently originated rate bucket for loans was 3-4%, with 11 originations.
Loan Sizing
2019 saw Las Colinas place emphasis on $100k-200k loans with 16 originations, totaling $2,190,000 in origination value.
Applicant Income
Las Colinas lent most frequently to those with incomes in the $100k-150k range, with 10 originations. The second most popular income band? $75k-100k, with 7 originations.
Applicant Debt to Income Ratio
Las Colinas lent most frequently to those with DTI ratios of 30-36%, with 7 originations. The next most common DTI ratio? 20-30%, with 7 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.64%
Las Colinas has an average approval rate.
Pick Rate
Approvals leading to origination27.59%
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 | 29 | $5,805,000 | $200,172 |