Willow Bend Mortgage Company Rates, Fees & Info

PLANO, TX

LEI: 549300QURAICH2YGJV94

Tax ID: 75-2511480

1 stars - Updated: 12/4/23 - out of 5 stars, based on 46 reviews

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

Jump to:

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 an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Dallas, Mcallen, Austin, Corpus Christi, and Brownsville among others. We have data for 65 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 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 6.85% 12/4/23
30 Year Conventional Refi 6.86% 12/4/23
30 Year Cash-out Refi 6.94% 12/4/23
30 Year FHA Purchase 7.73% 12/4/23
30 Year FHA Refi 7.63% 12/4/23
30 Year VA Purchase 6.45% 12/4/23
30 Year VA Refi 6.42% 12/4/23
30 Year USDA Purchase 6.84% 12/4/23
15 Year Conventional Purchase 6.34% 12/4/23
15 Year Conventional Refi 6.47% 12/4/23
15 Year Cash-out Refi 6.47% 12/4/23
15 Year FHA Purchase 5.68% 12/4/23
15 Year FHA Refi 8.02% 12/4/23
15 Year VA Purchase 5.74% 12/4/23
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

2,153

Origination Dollar Volume (All Markets)

$726,295,000

Relative Rate

Willow Bend Mortgage Company's average 30 year fixed mortgage rate was 5.04%.

The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

This yields a difference of 0.28%.

Relative Fees (Closing Costs)

Willow Bend Mortgage Company's average total fees/closing costs for a 30 year fixed rate mortgage were $10,272.

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 $4,750.

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
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 927 $376,445,000 $406,090 $8,452 5.07%
MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 601 $151,145,000 $251,489 $13,585 4.83%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 102 $55,680,000 $545,882 $10,044 4.84%
CORPUS CHRISTI, TX (FHA|USDA|VA) 123 $32,045,000 $260,528 $8,178 4.93%
BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 65 $14,945,000 $229,923 $12,223 5.23%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 39 $13,715,000 $351,667 $9,331 5.39%
Outside of Metro Areas 45 $13,565,000 $301,444 $7,826 5.02%
BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 37 $9,635,000 $260,405 $8,102 5.56%
SHERMAN-DENISON, TX (FHA|USDA|VA) 21 $6,085,000 $289,762 $7,745 5.08%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 14 $5,860,000 $418,571 $10,994 4.96%
JONESBORO, AR (FHA|USDA|VA) 29 $5,155,000 $177,759 $6,048 5.35%
Rio Grande City-Roma, TX (FHA|USDA|VA) 16 $3,510,000 $219,375 $12,449 4.63%
Athens, TX (FHA|USDA|VA) 5 $2,325,000 $465,000 $8,680 4.70%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 8 $2,220,000 $277,500 $6,529 4.26%
Rockport, TX (FHA|USDA|VA) 6 $1,910,000 $318,333 $11,292 4.92%
TYLER, TX (FHA|USDA|VA) 5 $1,795,000 $359,000 $7,566 3.83%
Paragould, AR (FHA|USDA|VA) 9 $1,585,000 $176,111 $5,851 5.31%
Granbury, TX (FHA|USDA|VA) 3 $1,445,000 $481,667 $15,725 4.75%
Bonham, TX (FHA|USDA|VA) 5 $1,435,000 $287,000 $6,376 4.93%
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 5 $1,365,000 $273,000 $7,363 4.58%
Alice, TX (FHA|USDA|VA) 6 $1,320,000 $220,000 $9,572 4.96%
Raymondville, TX (FHA|USDA|VA) 5 $1,225,000 $245,000 $15,142 4.38%
MIDLAND, TX (FHA|USDA|VA) 4 $1,130,000 $282,500 $9,556 4.91%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 2 $1,060,000 $530,000 $9,968 4.56%
Corsicana, TX (FHA|USDA|VA) 3 $1,025,000 $341,667 $8,250 4.58%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 4 $1,000,000 $250,000 $6,837 4.97%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 2 $940,000 $470,000 $7,354 5.25%
PUEBLO, CO (FHA|USDA|VA) 3 $925,000 $308,333 $8,891 3.92%
Gainesville, TX (FHA|USDA|VA) 2 $860,000 $430,000 $6,043 5.06%
OKLAHOMA CITY, OK (FHA|USDA|VA) 4 $850,000 $212,500 $7,261 5.47%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $825,000 $825,000 $10,604 5.88%
LAREDO, TX (FHA|USDA|VA) 4 $800,000 $200,000 $12,061 4.53%
LONGVIEW, TX (FHA|USDA|VA) 4 $720,000 $180,000 $8,460 5.28%
WACO, TX (FHA|USDA|VA) 2 $710,000 $355,000 $9,558 4.69%
EL PASO, TX (FHA|USDA|VA) 3 $695,000 $231,667 $10,469 6.17%
PANAMA CITY, FL (FHA|USDA|VA) 1 $675,000 $675,000 $8,717 5.50%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 1 $665,000 $665,000 $9,270 6.50%
Beeville, TX (FHA|USDA|VA) 4 $650,000 $162,500 $5,557 6.22%
LUBBOCK, TX (FHA|USDA|VA) 3 $645,000 $215,000 $0 5.29%
FORT COLLINS, CO (FHA|USDA|VA) 1 $615,000 $615,000 $14,218 4.88%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $585,000 $585,000 $7,556 4.00%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $585,000 $585,000 $7,014 4.50%
Fredericksburg, TX (FHA|USDA|VA) 1 $505,000 $505,000 $0 3.99%
Cañon City, CO (FHA|USDA|VA) 2 $500,000 $250,000 $9,857 4.00%
Nacogdoches, TX (FHA|USDA|VA) 2 $490,000 $245,000 $7,786 5.00%
TULSA, OK (FHA|USDA|VA) 1 $415,000 $415,000 $4,785 3.88%
ABILENE, TX (FHA|USDA|VA) 1 $345,000 $345,000 $4,999 5.50%
AMARILLO, TX (FHA|USDA|VA) 2 $340,000 $170,000 $6,518 4.19%
Uvalde, TX (FHA|USDA|VA) 1 $325,000 $325,000 $18,457 7.63%
Palestine, TX (FHA|USDA|VA) 1 $315,000 $315,000 $7,916 3.63%
Ardmore, OK (FHA|USDA|VA) 1 $295,000 $295,000 $9,367 6.63%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 1 $255,000 $255,000 $4,745 5.50%
Paris, TX (FHA|USDA|VA) 1 $255,000 $255,000 $4,168 6.00%
WICHITA FALLS, TX (FHA|USDA|VA) 2 $240,000 $120,000 $4,755 5.81%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $185,000 $185,000 $4,764 4.75%
SAN ANGELO, TX (FHA|USDA|VA) 1 $175,000 $175,000 $3,873 3.75%
Port Lavaca, TX (FHA|USDA|VA) 1 $165,000 $165,000 $8,066 6.63%
Blytheville, AR (FHA|USDA|VA) 1 $155,000 $155,000 $9,703 6.75%
Borger, TX (FHA|USDA|VA) 1 $155,000 $155,000 $2,871 3.88%
Ada, OK (FHA|USDA|VA) 1 $155,000 $155,000 $4,604 4.50%
Brownwood, TX (FHA|USDA|VA) 1 $155,000 $155,000 $3,983 5.63%
Mountain Home, AR (FHA|USDA|VA) 1 $145,000 $145,000 $7,437 3.25%
Kingsville, TX (FHA|USDA|VA) 1 $135,000 $135,000 $5,169 5.25%
HOT SPRINGS, AR (FHA|USDA|VA) 1 $125,000 $125,000 $6,509 6.13%
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 1 $95,000 $95,000 $5,818 7.13%
Willow Bend Mortgage Company's top markets include Dallas, Mcallen, Austin, Corpus Christi, and Brownsville among others.

Their top states include:
  • Texas (FHA|USDA|VA)
  • Arkansas (FHA|USDA|VA)
  • Oklahoma (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Colorado (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.

    The Farmers & Merchants Bank
    Similarity Rank: 160
    First Central Credit Union
    Similarity Rank: 255
    First Security Bank
    Similarity Rank: 361
    Listerhill Credit Union
    Similarity Rank: 520
    ALL WESTERN MORTGAGE, INC.
    Similarity Rank: 546
    REDSTONE Federal Credit Union
    Similarity Rank: 722
    Lone Star National Bank
    Similarity Rank: 756
    First National Bank
    Similarity Rank: 800
    AMOCO
    Similarity Rank: 810

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,379 $517,755,000 $375,457 $8,462 5.07%
    FHA 625 $153,835,000 $246,136 $13,445 4.88%
    VA 141 $53,055,000 $376,277 $9,796 4.76%
    USDA 8 $1,650,000 $206,250 $7,095 4.77%

    For 2022, Willow Bend Mortgage Company's most frequently originated type of loan was Conventional, with 1,379 originations. Their 2nd most popular type was FHA, with 625 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,676 $568,680,000 $339,308 $9,745 5.10%
    Refi 316 $102,180,000 $323,354 $13,009 4.58%
    Cash Out Refi 160 $54,870,000 $342,938 $7,999 4.70%
    Home Improvement 1 $565,000 $565,000 $0 6.00%

    For 2022, Willow Bend Mortgage Company's most frequently cited loan purpose was Home Purchase, with 1,676 originations. The 2nd most popular reason was Refi, with 316 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 2,040 $685,340,000 $335,951 $10,272 5.04%
    15 Year 65 $18,635,000 $286,692 $7,283 3.85%
    1 Year 18 $11,660,000 $647,778 $0 4.83%
    20 Year 15 $4,115,000 $274,333 $6,800 4.51%
    Other 7 $1,825,000 $260,714 $8,004 4.43%
    10 Year 6 $520,000 $86,667 $3,606 4.52%
    30+ year 2 $4,200,000 $2,100,000 $0 4.25%

    For 2022, Willow Bend Mortgage Company's most frequently cited loan duration was 30 Year, with 2,040 originations. The 2nd most popular length was 15 Year, with 65 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 729 $250,455,000 $343,560
    $1k-2k 552 $195,350,000 $353,895
    $2k-3k 270 $82,620,000 $306,000
    $3k-4k 177 $58,485,000 $330,424
    $4k-5k 166 $51,190,000 $308,373
    $<1k 67 $22,555,000 $336,642

    Willow Bend Mortgage Company's average total fees were $10,272, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 729 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 736 $247,910,000 $336,834
    3-4% 503 $178,475,000 $354,821
    4-5% 500 $166,710,000 $333,420
    6-7% 294 $94,320,000 $320,816
    7-8% 60 $17,770,000 $296,167
    2.5-3% 51 $17,605,000 $345,196
    Over 8% 7 $2,935,000 $419,286
    <2.5% 2 $570,000 $285,000

    During 2022, Willow Bend Mortgage Company's average interest rate for loans was 5.04%, while their most frequently originated rate bucket for loans was 5-6%, with 736 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 1,112 $321,170,000 $288,822 $10,743 5.06%
    $100k-200k 435 $70,065,000 $161,069 $7,918 4.94%
    $400k-600k 376 $181,890,000 $483,750 $10,473 5.00%
    $600k-1MM 146 $102,170,000 $699,795 $11,641 4.76%
    $100,000 or less 51 $3,875,000 $75,980 $4,631 4.89%
    $1MM+ 33 $47,125,000 $1,428,030 $14,453 4.67%

    2022 saw Willow Bend Mortgage Company place emphasis on $200k-400k loans with 1,112 originations, totaling $321,170,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 565 $189,175,000 $334,823 $10,537 5.08%
    $50k-75k 430 $93,100,000 $216,512 $9,672 4.88%
    $150k-250k 421 $180,635,000 $429,062 $9,851 5.09%
    $75k-100k 383 $102,425,000 $267,428 $10,529 4.99%
    $250k+ 215 $140,025,000 $651,279 $11,555 5.00%
    $50k or less 135 $19,575,000 $145,000 $7,874 4.70%

    Willow Bend Mortgage Company lent most frequently to those with incomes in the $100k-150k range, with 565 originations. The second most popular income band? $50k-75k, with 430 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 385 $135,185,000 $351,130 $9,203 4.97%
    20-30% 316 $115,900,000 $366,772 $9,265 4.91%
    50-60% 207 $59,005,000 $285,048 $12,733 4.88%
    39% 104 $36,960,000 $355,385 $11,962 4.94%
    <20% 97 $34,595,000 $356,649 $8,265 4.79%
    44% 96 $33,920,000 $353,333 $10,224 4.99%
    38% 91 $30,755,000 $337,967 $9,468 4.99%
    42% 87 $29,955,000 $344,310 $9,213 5.22%
    49% 86 $25,370,000 $295,000 $10,178 5.27%
    37% 86 $28,560,000 $332,093 $10,075 4.73%
    41% 85 $28,435,000 $334,529 $10,009 5.00%
    48% 82 $27,450,000 $334,756 $9,552 5.28%
    45% 80 $27,140,000 $339,250 $10,053 5.16%
    40% 77 $25,355,000 $329,286 $10,664 5.17%
    46% 75 $22,715,000 $302,867 $10,914 5.19%
    43% 71 $23,005,000 $324,014 $10,232 4.99%
    47% 67 $21,445,000 $320,075 $11,218 4.90%
    36% 56 $18,630,000 $332,679 $10,511 5.11%
    >60% 4 $1,580,000 $395,000 $12,216 4.34%

    Willow Bend Mortgage Company lent most frequently to those with DTI ratios of 30-36%, with 385 originations. The next most common DTI ratio? 20-30%, with 316 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,729 $561,565,000 $324,792 $10,151 4.99%
    Not provided 182 $66,380,000 $364,725 $10,352 5.09%
    Asian 99 $46,145,000 $466,111 $9,653 4.94%
    Black 119 $44,385,000 $372,983 $9,933 4.99%
    American Indian 22 $7,150,000 $325,000 $9,763 4.88%
    Native Hawaiian or Islander 2 $670,000 $335,000 $6,361 4.94%

    Approval Rates

    Total approvals of all applications
    97.30%

    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
    45.89%

    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 2,153 $726,295,000 $337,341

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    2,153 $726,295,000 $337,341

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 46 $10,480,000 $227,826 $5,680 4.46%
    40-60% 150 $47,460,000 $316,400 $7,100 4.60%
    60-80% 553 $212,425,000 $384,132 $9,082 4.97%
    80-100% 1,361 $441,655,000 $324,508 $10,844 5.07%
    Over 100% 37 $13,455,000 $363,649 $15,450 4.82%
    Under 20% 6 $820,000 $136,667 $2,159 4.98%