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 small mortgage company specializing in Home Purchase and Refi 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 Houston among others. We have data for 68 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 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.85% | 4/18/24 |
| 30 Year Conventional Refi | 6.86% | 4/18/24 |
| 30 Year Cash-out Refi | 6.94% | 4/18/24 |
| 30 Year FHA Purchase | 7.73% | 4/18/24 |
| 30 Year FHA Refi | 7.63% | 4/18/24 |
| 30 Year VA Purchase | 6.45% | 4/18/24 |
| 30 Year VA Refi | 6.42% | 4/18/24 |
| 30 Year USDA Purchase | 6.84% | 4/18/24 |
| 15 Year Conventional Purchase | 6.34% | 4/18/24 |
| 15 Year Conventional Refi | 6.47% | 4/18/24 |
| 15 Year Cash-out Refi | 6.47% | 4/18/24 |
| 15 Year FHA Purchase | 5.68% | 4/18/24 |
| 15 Year FHA Refi | 8.02% | 4/18/24 |
| 15 Year VA Purchase | 5.74% | 4/18/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
3,897Origination Dollar Volume (All Markets)
$1,257,055,000Top 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) | 1,859 | $725,615,000 | $390,325 | $6,196 | 3.02% |
| MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) | 860 | $180,070,000 | $209,384 | $9,161 | 3.12% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 362 | $133,900,000 | $369,890 | $6,770 | 2.99% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 248 | $57,970,000 | $233,750 | $6,401 | 3.10% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 102 | $35,560,000 | $348,627 | $6,392 | 3.13% |
| Outside of Metro Areas | 57 | $15,565,000 | $273,070 | $6,224 | 3.05% |
| BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) | 67 | $13,785,000 | $205,746 | $8,461 | 3.12% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 36 | $10,680,000 | $296,667 | $7,268 | 3.00% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 31 | $9,675,000 | $312,097 | $6,431 | 3.15% |
| JONESBORO, AR (FHA|USDA|VA) | 34 | $6,390,000 | $187,941 | $4,697 | 3.17% |
| LAREDO, TX (FHA|USDA|VA) | 26 | $6,280,000 | $241,538 | $9,586 | 3.14% |
| Athens, TX (FHA|USDA|VA) | 12 | $4,790,000 | $399,167 | $6,545 | 3.03% |
| Granbury, TX (FHA|USDA|VA) | 10 | $3,690,000 | $369,000 | $6,104 | 3.13% |
| Alice, TX (FHA|USDA|VA) | 17 | $3,455,000 | $203,235 | $6,040 | 3.17% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 12 | $3,330,000 | $277,500 | $5,770 | 3.16% |
| TYLER, TX (FHA|USDA|VA) | 11 | $2,995,000 | $272,273 | $5,871 | 3.15% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 9 | $2,565,000 | $285,000 | $4,990 | 3.19% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 9 | $2,535,000 | $281,667 | $6,188 | 3.15% |
| Rockport, TX (FHA|USDA|VA) | 7 | $2,365,000 | $337,857 | $6,240 | 3.27% |
| Rio Grande City-Roma, TX (FHA|USDA|VA) | 9 | $1,965,000 | $218,333 | $8,920 | 3.13% |
| Kingsville, TX (FHA|USDA|VA) | 9 | $1,905,000 | $211,667 | $6,441 | 2.94% |
| BOULDER, CO (FHA|USDA|VA) | 3 | $1,825,000 | $608,333 | $3,930 | 2.92% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 3 | $1,785,000 | $595,000 | $7,307 | 3.25% |
| Gainesville, TX (FHA|USDA|VA) | 3 | $1,745,000 | $581,667 | $8,836 | 2.96% |
| LUBBOCK, TX (FHA|USDA|VA) | 8 | $1,600,000 | $200,000 | $4,989 | 3.44% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 4 | $1,600,000 | $400,000 | $5,527 | 3.09% |
| Kerrville, TX (FHA|USDA|VA) | 5 | $1,505,000 | $301,000 | $5,718 | 3.33% |
| MIDLAND, TX (FHA|USDA|VA) | 4 | $1,400,000 | $350,000 | $8,356 | 3.00% |
| WACO, TX (FHA|USDA|VA) | 6 | $1,380,000 | $230,000 | $5,503 | 2.85% |
| LONGVIEW, TX (FHA|USDA|VA) | 6 | $1,350,000 | $225,000 | $11,935 | 2.65% |
| BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) | 5 | $1,305,000 | $261,000 | $6,710 | 2.98% |
| Bonham, TX (FHA|USDA|VA) | 4 | $1,300,000 | $325,000 | $9,006 | 3.06% |
| Mineral Wells, TX (FHA|USDA|VA) | 3 | $1,005,000 | $335,000 | $5,569 | 3.00% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 4 | $1,000,000 | $250,000 | $5,751 | 2.63% |
| TULSA, OK (FHA|USDA|VA) | 3 | $945,000 | $315,000 | $5,752 | 3.38% |
| Beeville, TX (FHA|USDA|VA) | 4 | $850,000 | $212,500 | $6,934 | 2.97% |
| PUEBLO, CO (FHA|USDA|VA) | 2 | $840,000 | $420,000 | $8,839 | 3.00% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 2 | $840,000 | $420,000 | $3,358 | 3.06% |
| Mount Pleasant, TX (FHA|USDA|VA) | 1 | $835,000 | $835,000 | $7,711 | 3.25% |
| Durango, CO (FHA|USDA|VA) | 2 | $830,000 | $415,000 | $5,166 | 2.81% |
| HOT SPRINGS, AR (FHA|USDA|VA) | 2 | $700,000 | $350,000 | $3,184 | 2.94% |
| OCALA, FL (FHA|USDA|VA) | 4 | $700,000 | $175,000 | $5,741 | 3.06% |
| Corsicana, TX (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $7,195 | 3.00% |
| VICTORIA, TX (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $6,150 | 3.06% |
| Cañon City, CO (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $2,683 | 3.13% |
| Durant, OK (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $4,485 | 3.13% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $3,570 | 3.25% |
| AMARILLO, TX (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $4,357 | 2.63% |
| Del Rio, TX (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $7,924 | 3.31% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $3,944 | 3.38% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $4,352 | 3.38% |
| Stephenville, TX (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $3,958 | 2.88% |
| EL PASO, TX (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $3,773 | 2.38% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $9,236 | 2.75% |
| Lufkin, TX (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $5,893 | 2.88% |
| Paragould, AR (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $4,095 | 3.44% |
| Raymondville, TX (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $8,705 | 2.75% |
| Stillwater, OK (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,626 | 2.63% |
| WICHITA FALLS, TX (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $8,252 | 4.00% |
| TEXARKANA, TX-AR (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $4,457 | 3.13% |
| Blytheville, AR (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $4,261 | 3.00% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $4,472 | 3.00% |
| FORT SMITH, AR-OK (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $3,030 | 3.00% |
| ODESSA, TX (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $6,577 | 3.38% |
| SAN ANGELO, TX (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $4,206 | 2.75% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $5,699 | 2.75% |
| Forrest City, AR (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $4,092 | 3.63% |
| Zapata, TX (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $4,813 | 2.88% |
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Product Mix
For 2021, Willow Bend Mortgage Company's most frequently originated type of loan was Conventional, with 2,893 originations. Their 2nd most popular type was FHA, with 789 originations.
Loan Reason
For 2021, Willow Bend Mortgage Company's most frequently cited loan purpose was Home Purchase, with 2,419 originations. The 2nd most popular reason was Refi, with 1,059 originations.
Loan Duration/Length
For 2021, Willow Bend Mortgage Company's most frequently cited loan duration was 30 Year, with 3,436 originations. The 2nd most popular length was 15 Year, with 342 originations.
Origination Fees/Closing Costs
Willow Bend Mortgage Company's average total fees were $7,213, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 2,179 originations.
Interest Rates
During 2021, Willow Bend Mortgage Company's average interest rate for loans was 3.12%, while their most frequently originated rate bucket for loans was 2.5-3%, with 1,776 originations.
Loan Sizing
2021 saw Willow Bend Mortgage Company place emphasis on $200k-400k loans with 1,949 originations, totaling $558,915,000 in origination value.
Applicant Income
Willow Bend Mortgage Company lent most frequently to those with incomes in the $100k-150k range, with 873 originations. The second most popular income band? $50k-75k, with 791 originations.
Applicant Debt to Income Ratio
Willow Bend Mortgage Company lent most frequently to those with DTI ratios of 20-30%, with 815 originations. The next most common DTI ratio? 30-36%, with 684 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.13%
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 origination70.41%
Willow Bend Mortgage Company has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 3,897 | $1,257,055,000 | $322,570 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3,897 | $1,257,055,000 | $322,570 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Wall Financial, Inc. | Conventional home mortgage | Closing on a mortgage | 1 | 100.0% |