Willow Bend Mortgage Company Rates, Fees & Info
PLANO, TXLEI: 549300QURAICH2YGJV94
Tax ID: 75-2511480
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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% | 11/17/24 |
| 30 Year Conventional Refi | 6.86% | 11/17/24 |
| 30 Year Cash-out Refi | 6.94% | 11/17/24 |
| 30 Year FHA Purchase | 7.73% | 11/17/24 |
| 30 Year FHA Refi | 7.63% | 11/17/24 |
| 30 Year VA Purchase | 6.45% | 11/17/24 |
| 30 Year VA Refi | 6.42% | 11/17/24 |
| 30 Year USDA Purchase | 6.84% | 11/17/24 |
| 15 Year Conventional Purchase | 6.34% | 11/17/24 |
| 15 Year Conventional Refi | 6.47% | 11/17/24 |
| 15 Year Cash-out Refi | 6.47% | 11/17/24 |
| 15 Year FHA Purchase | 5.68% | 11/17/24 |
| 15 Year FHA Refi | 8.02% | 11/17/24 |
| 15 Year VA Purchase | 5.74% | 11/17/24 |
| 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
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This is not an official calculator from Willow Bend Mortgage Company. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,139Origination Dollar Volume (All Markets)
$344,735,000Awards
WILLOW BEND MORTGAGE COMPANY - 2023
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For 2023, less than of lenders were eligible for this award.
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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% |
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Product Mix
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
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
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
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
2023 saw Willow Bend Mortgage Company place emphasis on $200k-400k loans with 630 originations, totaling $178,910,000 in origination value.
Applicant Income
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
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
Approval Rates
Total approvals of all applications97.51%
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 origination42.67%
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 |