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, Austin, San Antonio, and Dallas among others. We have data for 10 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 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.72% | 4/21/24 |
| 30 Year Conventional Refi | 5.68% | 4/21/24 |
| 30 Year Cash-out Refi | 5.87% | 4/21/24 |
| 30 Year VA Purchase | 7.20% | 4/21/24 |
| 15 Year Conventional Purchase | 6.07% | 4/21/24 |
| 15 Year Conventional Refi | 5.76% | 4/21/24 |
| 15 Year Cash-out Refi | 5.76% | 4/21/24 |
| 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. | ||
Mobiloil Mortgage Calculator
Your Estimates
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This is not an official calculator from Mobiloil. 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
231Origination Dollar Volume (All Markets)
$34,205,000Awards
MOBILOIL - 2023
MOBILOIL is a 2023 , due to their low .
For 2023, less than of lenders were eligible for this award.
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Relative Rate
Mobiloil's average 30 year fixed mortgage rate was
6.49%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 0.01%.
Relative Fees (Closing Costs)
Mobiloil's average total fees/closing costs for a 30 year fixed rate
mortgage were $4,216.
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 |
|---|---|---|---|---|---|
| BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) | 133 | $16,785,000 | $126,203 | $2,113 | 6.20% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 51 | $11,715,000 | $229,706 | $3,965 | 6.22% |
| Outside of Metro Areas | 39 | $4,405,000 | $112,949 | $1,849 | 6.25% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $4,655 | 5.63% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $6,642 | 6.75% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $6,334 | 6.00% |
| LONGVIEW, TX (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $275 | 6.00% |
| Kerrville, TX (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $275 | 5.50% |
| Lufkin, TX (FHA|USDA|VA) | 2 | $60,000 | $30,000 | $275 | 5.25% |
| Fredericksburg, TX (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $275 | 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: 56
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Similarity Rank: 300
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Similarity Rank: 703
Similarity Rank: 714
Similarity Rank: 736
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 230 | $33,910,000 | $147,435 | $2,473 | 6.19% |
| VA | 1 | $295,000 | $295,000 | $6,171 | 7.13% |
For 2023, Mobiloil's most frequently originated type of loan was Conventional, with 230 originations. Their 2nd most popular type was VA, with 1 originations.
Loan Reason
For 2023, Mobiloil's most frequently cited loan purpose was Home Improvement, with 75 originations. The 2nd most popular reason was Home Purchase, with 67 originations.
Loan Duration/Length
For 2023, Mobiloil's most frequently cited loan duration was 30 Year, with 89 originations. The 2nd most popular length was 15 Year, with 44 originations.
Origination Fees/Closing Costs
Mobiloil's average total fees were $4,216, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 164 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 5-6% | 120 | $12,920,000 | $107,667 |
| 6-7% | 89 | $18,285,000 | $205,449 |
| 7-8% | 21 | $2,955,000 | $140,714 |
| Over 8% | 1 | $45,000 | $45,000 |
During 2023, Mobiloil's average interest rate for loans was 6.49%, while their most frequently originated rate bucket for loans was 5-6%, with 120 originations.
Loan Sizing
2023 saw Mobiloil place emphasis on $100,000 or less loans with 105 originations, totaling $5,525,000 in origination value.
Applicant Income
Mobiloil lent most frequently to those with incomes in the $100k-150k range, with 62 originations. The second most popular income band? $150k-250k, with 59 originations.
Applicant Debt to Income Ratio
Mobiloil lent most frequently to those with DTI ratios of 20-30%, with 47 originations. The next most common DTI ratio? 30-36%, with 43 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications62.89%
Mobiloil has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick Rate
Approvals leading to origination73.16%
Mobiloil has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 231 | $34,205,000 | $148,074 |