Mobiloil Mortgage Rates, Fees & Info
Beaumont, TXLEI: 549300SWDNGYGQBG4K69
Tax ID: 74-1115584
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Mortgage Data
Review & Overview
Mobiloil is a smaller mortgage company specializing in Home Purchase loans. Mobiloil has a high proportion of conventional loans. Their top markets by origination volume include: Beaumont, Houston, Brenham, San Antonio, and Rockport among others. We have data for 11 markets. (Some data included below & more in-depth data is available with an active subscription.)Mobiloil has a below average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Mobiloil is typically a low 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.98% | 4/5/25 |
| 30 Year Conventional Refi | 7.66% | 4/5/25 |
| 30 Year Cash-out Refi | 6.71% | 4/5/25 |
| 15 Year Conventional Purchase | 6.43% | 4/5/25 |
| 15 Year Conventional Refi | 5.75% | 4/5/25 |
| 15 Year Cash-out Refi | 5.75% | 4/5/25 |
| 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. | ||
Mobiloil Mortgage Calculator
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Mobiloil. 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
204Origination Dollar Volume (All Markets)
$26,220,000Awards
MOBILOIL - 2024
MOBILOIL is a 2024 , due to their low .
For 2024, less than of lenders were eligible for this award.
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Relative Rate
Mobiloil's average 30 year fixed mortgage rate was
6.71%.
The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.
This yields a difference of 0.16%.
Relative Fees (Closing Costs)
Mobiloil's average total fees/closing costs for a 30 year fixed rate
mortgage were $5,303.
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 $8,356.
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 |
|---|---|---|---|---|---|
| BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) | 127 | $14,705,000 | $115,787 | $1,699 | 6.39% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 41 | $6,525,000 | $159,146 | $2,393 | 6.40% |
| Outside of Metro Areas | 28 | $3,320,000 | $118,571 | $1,329 | 6.51% |
| Brenham, TX (FHA|USDA|VA) | 1 | $705,000 | $705,000 | $14,485 | 6.63% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 1 | $635,000 | $635,000 | $12,302 | 6.13% |
| Rockport, TX (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $275 | 5.75% |
| Athens, TX (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $275 | 6.75% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $275 | 7.00% |
| Lufkin, TX (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $300 | 6.75% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $300 | 7.25% |
| Huntsville, TX (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $925 | 6.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against MOBILOIL based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 70
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 204 | $26,220,000 | $128,529 | $1,864 | 6.41% |
For 2024, Mobiloil's most frequently originated type of loan was Conventional, with 204 originations.
Loan Reason
For 2024, Mobiloil's most frequently cited loan purpose was Home Improvement, with 70 originations. The 2nd most popular reason was Other, with 54 originations.
Loan Duration/Length
For 2024, Mobiloil's most frequently cited loan duration was 20 Year, with 58 originations. The 2nd most popular length was 30 Year, with 56 originations.
Origination Fees/Closing Costs
Mobiloil's average total fees were $5,303, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 160 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 130 | $18,620,000 | $143,231 |
| 5-6% | 57 | $4,185,000 | $73,421 |
| 7-8% | 14 | $3,090,000 | $220,714 |
| Over 8% | 3 | $325,000 | $108,333 |
During 2024, Mobiloil's average interest rate for loans was 6.71%, while their most frequently originated rate bucket for loans was 6-7%, with 130 originations.
Loan Sizing
2024 saw Mobiloil place emphasis on $100,000 or less loans with 108 originations, totaling $5,520,000 in origination value.
Applicant Income
Mobiloil lent most frequently to those with incomes in the $100k-150k range, with 57 originations. The second most popular income band? $150k-250k, with 48 originations.
Applicant Debt to Income Ratio
Mobiloil lent most frequently to those with DTI ratios of 20-30%, with 46 originations. The next most common DTI ratio? 30-36%, with 40 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications65.50%
Mobiloil has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick Rate
Approvals leading to origination73.04%
Mobiloil has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 204 | $26,220,000 | $128,529 |