Willow Bend Mortgage Company Rates, Fees & Info

PLANO, TX

LEI: 549300QURAICH2YGJV94

Tax ID: 75-2511480

1 stars - Updated: 6/9/24 - out of 5 stars, based on 34 reviews

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

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Mortgage Data

Review & Overview

Willow Bend Mortgage Company is a smaller mortgage company specializing in Home Purchase loans. Willow Bend Mortgage Company has a high proportion of conventional loans. They have a a high proportion of FHA loans. They have a low ratio of USDA loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Mcallen, Dallas, Brownsville, Corpus Christi, and Austin among others. We have data for 49 markets. (Some data included below & more in-depth data is available with an active subscription.)

Willow Bend Mortgage Company 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. Willow Bend Mortgage Company is typically a high 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 relatively high 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 6.85% 6/9/24
30 Year Conventional Refi 6.86% 6/9/24
30 Year Cash-out Refi 6.94% 6/9/24
30 Year FHA Purchase 7.73% 6/9/24
30 Year FHA Refi 7.63% 6/9/24
30 Year VA Purchase 6.45% 6/9/24
30 Year VA Refi 6.42% 6/9/24
30 Year USDA Purchase 6.84% 6/9/24
15 Year Conventional Purchase 6.34% 6/9/24
15 Year Conventional Refi 6.47% 6/9/24
15 Year Cash-out Refi 6.47% 6/9/24
15 Year FHA Purchase 5.68% 6/9/24
15 Year FHA Refi 8.02% 6/9/24
15 Year VA Purchase 5.74% 6/9/24
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.

Willow Bend Mortgage Company Mortgage Calculator






Your Estimates

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

This is not an official calculator from Willow Bend Mortgage Company. 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

1,139

Origination Dollar Volume (All Markets)

$344,735,000

Awards

WILLOW BEND MORTGAGE COMPANY FHA Loans gold WILLOW BEND MORTGAGE COMPANY 30 Year Conventional Loans bronze WILLOW BEND MORTGAGE COMPANY 30 Year Conventional Loans gold WILLOW BEND MORTGAGE COMPANY FHA Loans gold
Show all (4) awards

Relative Rate

Willow Bend Mortgage Company's average 30 year fixed mortgage rate was 6.79%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of 0.31%.

Relative Fees (Closing Costs)

Willow Bend Mortgage Company's average total fees/closing costs for a 30 year fixed rate mortgage were $12,622.

The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $9,089.

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
MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 438 $118,910,000 $271,484 $15,647 6.70%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 249 $102,395,000 $411,225 $10,486 6.92%
BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 75 $19,085,000 $254,467 $14,939 6.83%
CORPUS CHRISTI, TX (FHA|USDA|VA) 72 $17,530,000 $243,472 $9,274 6.82%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 29 $11,795,000 $406,724 $9,399 6.52%
BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 40 $11,610,000 $290,250 $9,431 7.10%
EL PASO, TX (FHA|USDA|VA) 41 $9,475,000 $231,098 $10,724 6.56%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 14 $6,280,000 $448,571 $12,658 6.95%
JONESBORO, AR (FHA|USDA|VA) 31 $5,095,000 $164,355 $5,222 6.73%
Outside of Metro Areas 23 $4,975,000 $216,304 $9,349 7.07%
Athens, TX (FHA|USDA|VA) 15 $4,725,000 $315,000 $9,916 7.21%
Rio Grande City-Roma, TX (FHA|USDA|VA) 16 $3,860,000 $241,250 $16,196 6.64%
LAS CRUCES, NM (FHA|USDA|VA) 9 $3,135,000 $348,333 $11,940 6.93%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 8 $3,080,000 $385,000 $14,771 7.07%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 3 $2,785,000 $928,333 $11,194 7.25%
SHERMAN-DENISON, TX (FHA|USDA|VA) 9 $2,465,000 $273,889 $10,226 6.93%
Corsicana, TX (FHA|USDA|VA) 10 $2,360,000 $236,000 $12,437 6.59%
Fredericksburg, TX (FHA|USDA|VA) 2 $1,480,000 $740,000 $8,276 6.31%
Alice, TX (FHA|USDA|VA) 4 $1,110,000 $277,500 $10,647 7.34%
Huntsville, TX (FHA|USDA|VA) 1 $935,000 $935,000 $32,380 6.13%
Paragould, AR (FHA|USDA|VA) 7 $835,000 $119,286 $7,028 6.71%
OKLAHOMA CITY, OK (FHA|USDA|VA) 3 $735,000 $245,000 $7,354 6.83%
HOT SPRINGS, AR (FHA|USDA|VA) 4 $700,000 $175,000 $5,339 6.78%
Granbury, TX (FHA|USDA|VA) 2 $670,000 $335,000 $10,550 7.31%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 1 $625,000 $625,000 $17,222 6.63%
Eagle Pass, TX (FHA|USDA|VA) 3 $605,000 $201,667 $10,955 7.21%
Rockport, TX (FHA|USDA|VA) 1 $575,000 $575,000 $20,609 7.49%
Raymondville, TX (FHA|USDA|VA) 2 $570,000 $285,000 $14,933 6.87%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 1 $505,000 $505,000 $0 7.75%
Kingsville, TX (FHA|USDA|VA) 3 $495,000 $165,000 $8,218 6.79%
MIDLAND, TX (FHA|USDA|VA) 1 $435,000 $435,000 $7,831 6.99%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 2 $430,000 $215,000 $7,977 7.44%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 2 $430,000 $215,000 $4,367 6.25%
Ardmore, OK (FHA|USDA|VA) 1 $425,000 $425,000 $0 7.50%
Zapata, TX (FHA|USDA|VA) 1 $395,000 $395,000 $24,190 6.13%
Pecos, TX (FHA|USDA|VA) 1 $375,000 $375,000 $24,167 7.00%
LONGVIEW, TX (FHA|USDA|VA) 2 $350,000 $175,000 $8,394 5.81%
ABILENE, TX (FHA|USDA|VA) 1 $305,000 $305,000 $5,946 7.13%
Sulphur Springs, TX (FHA|USDA|VA) 1 $245,000 $245,000 $12,962 7.13%
Searcy, AR (FHA|USDA|VA) 2 $240,000 $120,000 $5,213 6.13%
Jacksonville, TX (FHA|USDA|VA) 1 $235,000 $235,000 $6,945 6.88%
Bonham, TX (FHA|USDA|VA) 1 $215,000 $215,000 $14,028 6.50%
BATON ROUGE, LA (FHA|USDA|VA) 1 $215,000 $215,000 $5,493 7.00%
Beeville, TX (FHA|USDA|VA) 1 $205,000 $205,000 $12,487 7.13%
Blytheville, AR (FHA|USDA|VA) 1 $175,000 $175,000 $7,347 6.50%
Stillwater, OK (FHA|USDA|VA) 1 $175,000 $175,000 $6,634 5.88%
Port Lavaca, TX (FHA|USDA|VA) 1 $165,000 $165,000 $7,920 6.63%
LUBBOCK, TX (FHA|USDA|VA) 1 $165,000 $165,000 $4,162 7.13%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 1 $155,000 $155,000 $0 7.49%
Willow Bend Mortgage Company's top markets include Mcallen, Dallas, Brownsville, Corpus Christi, and Austin among others.

Their top states include:
  • Texas (FHA|USDA|VA)
  • Arkansas (FHA|USDA|VA)
  • New Mexico (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Oklahoma (FHA|USDA|VA)
  • Similar Lenders

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

    GULF COAST
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    First Security Bank
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    SouthPoint Bank
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    HOMEAMERICAN MORTGAGE CORPORATION
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    AMOCO
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    First National Bank
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    GIBRALTAR MORTGAGE SERVICES, LLC
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    REDSTONE Federal Credit Union
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    SOUTHERN LENDING SERVICES, LTD.
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 555 $187,595,000 $338,009 $10,151 6.88%
    FHA 514 $135,060,000 $262,763 $15,754 6.73%
    VA 66 $21,490,000 $325,606 $11,393 6.72%
    USDA 3 $495,000 $165,000 $6,365 6.17%
    FHA 1 $95,000 $95,000 $0 0.00%

    For 2023, Willow Bend Mortgage Company's most frequently originated type of loan was Conventional, with 555 originations. Their 2nd most popular type was FHA, with 514 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 906 $267,180,000 $294,901 $11,490 6.85%
    Refi 197 $66,705,000 $338,604 $17,974 6.49%
    Cash Out Refi 35 $10,755,000 $307,286 $11,306 7.12%
    Other 1 $95,000 $95,000 $0 0.00%

    For 2023, Willow Bend Mortgage Company's most frequently cited loan purpose was Home Purchase, with 906 originations. The 2nd most popular reason was Refi, with 197 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,042 $318,520,000 $305,681 $12,622 6.79%
    Other 37 $10,165,000 $274,730 $17,585 6.81%
    20 Year 19 $4,935,000 $259,737 $12,717 7.02%
    10 Year 15 $565,000 $37,667 $3,298 6.64%
    15 Year 15 $4,945,000 $329,667 $12,066 6.34%
    1 Year 11 $5,605,000 $509,545 $12,955 7.77%

    For 2023, Willow Bend Mortgage Company's most frequently cited loan duration was 30 Year, with 1,042 originations. The 2nd most popular length was Other, with 37 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 542 $186,980,000 $344,982
    $1k-2k 135 $39,765,000 $294,556
    $3k-4k 134 $32,420,000 $241,940
    $2k-3k 119 $30,445,000 $255,840
    $4k-5k 107 $29,835,000 $278,832
    $<1k 51 $9,885,000 $193,824

    Willow Bend Mortgage Company's average total fees were $12,622, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 542 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 601 $175,765,000 $292,454
    7-8% 368 $110,270,000 $299,647
    5-6% 132 $46,590,000 $352,955
    Over 8% 31 $9,825,000 $316,935
    4-5% 6 $2,190,000 $365,000

    During 2023, Willow Bend Mortgage Company's average interest rate for loans was 6.79%, while their most frequently originated rate bucket for loans was 6-7%, with 601 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 630 $178,910,000 $283,984 $13,088 6.81%
    $100k-200k 256 $40,740,000 $159,141 $8,460 6.79%
    $400k-600k 154 $74,030,000 $480,714 $17,391 6.75%
    $600k-1MM 53 $37,075,000 $699,528 $14,107 6.85%
    $100,000 or less 37 $1,995,000 $53,919 $4,667 6.76%
    $1MM+ 9 $11,985,000 $1,331,667 $27,806 6.56%

    2023 saw Willow Bend Mortgage Company place emphasis on $200k-400k loans with 630 originations, totaling $178,910,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 315 $95,105,000 $301,921 $13,594 6.79%
    $75k-100k 242 $59,350,000 $245,248 $12,570 6.78%
    $50k-75k 214 $42,620,000 $199,159 $10,008 6.73%
    $150k-250k 208 $87,640,000 $421,346 $14,483 6.82%
    $250k+ 88 $50,660,000 $575,682 $15,812 7.06%
    $50k or less 71 $9,205,000 $129,648 $7,869 6.69%

    Willow Bend Mortgage Company lent most frequently to those with incomes in the $100k-150k range, with 315 originations. The second most popular income band? $75k-100k, with 242 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    50-60% 184 $50,510,000 $274,511 $14,280 6.84%
    30-36% 173 $53,875,000 $311,416 $12,925 6.72%
    20-30% 112 $35,270,000 $314,911 $11,898 6.81%
    49% 61 $20,075,000 $329,098 $11,455 6.91%
    47% 59 $17,705,000 $300,085 $12,376 6.75%
    45% 54 $17,130,000 $317,222 $12,570 6.68%
    48% 50 $13,760,000 $275,200 $12,720 6.66%
    42% 48 $14,910,000 $310,625 $13,325 6.71%
    46% 47 $15,165,000 $322,660 $13,943 6.76%
    41% 47 $14,465,000 $307,766 $13,243 6.98%
    38% 47 $14,455,000 $307,553 $12,557 6.89%
    44% 44 $13,440,000 $305,455 $11,173 6.95%
    43% 43 $12,945,000 $301,047 $13,421 6.84%
    40% 42 $13,790,000 $328,333 $12,184 6.70%
    37% 40 $12,260,000 $306,500 $13,101 6.73%
    <20% 32 $7,140,000 $223,125 $7,313 7.03%
    39% 30 $9,610,000 $320,333 $12,760 6.72%
    36% 21 $6,895,000 $328,333 $11,488 6.64%
    >60% 3 $855,000 $285,000 $9,452 7.17%

    Willow Bend Mortgage Company lent most frequently to those with DTI ratios of 50-60%, with 184 originations. The next most common DTI ratio? 30-36%, with 173 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 977 $287,645,000 $294,417 $12,928 6.79%
    Black 58 $21,220,000 $365,862 $12,664 7.03%
    Not provided 59 $17,405,000 $295,000 $10,947 6.88%
    Asian 21 $9,205,000 $438,333 $11,330 6.56%
    Asian Indian 6 $3,790,000 $631,667 $11,449 6.16%
    Other Asian 2 $2,200,000 $1,100,000 $20,402 6.06%
    American Indian 10 $1,780,000 $178,000 $7,677 7.05%
    Filipino 3 $535,000 $178,333 $5,580 6.29%
    Native Hawaiian or Islander 1 $355,000 $355,000 $0 7.75%
    Chinese 1 $335,000 $335,000 $7,793 7.13%
    Guamanian 1 $265,000 $265,000 $11,696 6.63%

    Approval Rates

    Total approvals of all applications
    97.51%

    Willow Bend Mortgage Company 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
    42.67%

    Willow Bend Mortgage Company 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 1,139 $344,735,000 $302,665

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,139 $344,735,000 $302,665

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 16 $5,150,000 $321,875 $7,924 6.74%
    40-60% 54 $13,960,000 $258,519 $8,446 6.51%
    60-80% 211 $75,285,000 $356,801 $11,239 6.87%
    80-100% 826 $244,560,000 $296,077 $13,516 6.80%
    Over 100% 18 $5,550,000 $308,333 $14,013 6.80%
    Under 20% 14 $230,000 $16,429 $754 6.71%