Mobiloil Mortgage Rates, Fees & Info

Beaumont, TX

LEI: 549300SWDNGYGQBG4K69

Tax ID: 74-1115584

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Mobiloil is a smaller mortgage company specializing in Cash Out Refi, Home Purchase, and Refi loans. Mobiloil has a high proportion of conventional loans. Their top markets by origination volume include: Beaumont, Houston, Dallas, Athens, and Sherman among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Mobiloil has an 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.

    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 6.72% 5/4/24
    30 Year Conventional Refi 5.68% 5/4/24
    30 Year Cash-out Refi 5.87% 5/4/24
    30 Year VA Purchase 7.20% 5/4/24
    15 Year Conventional Purchase 6.07% 5/4/24
    15 Year Conventional Refi 5.76% 5/4/24
    15 Year Cash-out Refi 5.76% 5/4/24
    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

    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

    286

    Origination Dollar Volume (All Markets)

    $41,330,000

    Awards

    MOBILOIL 30 Year Conventional Loans bronze
    Show all (1) awards

    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) 200 $28,560,000 $142,800 $2,542 3.54%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 37 $6,045,000 $163,378 $3,574 3.08%
    Outside of Metro Areas 39 $4,905,000 $125,769 $2,661 3.47%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 4 $790,000 $197,500 $3,593 3.28%
    Athens, TX (FHA|USDA|VA) 1 $355,000 $355,000 $8,348 3.25%
    SHERMAN-DENISON, TX (FHA|USDA|VA) 2 $280,000 $140,000 $2,810 2.68%
    Lufkin, TX (FHA|USDA|VA) 1 $245,000 $245,000 $2,622 4.50%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $85,000 $85,000 $825 3.75%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $65,000 $65,000 $1,100 3.25%
    Mobiloil's top markets include Beaumont, Houston, Dallas, Athens, and Sherman among others.

    Their top states include:
  • Texas (FHA|USDA|VA)

    • 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.

    EDUCATION FIRST
    Similarity Rank: 115
    NECHES
    Similarity Rank: 184
    MCT Credit Union
    Similarity Rank: 245
    AMOCO
    Similarity Rank: 405
    MOBILOIL
    Similarity Rank: 450
    WESTSTAR MORTGAGE CORPORATION
    Similarity Rank: 560
    U S WIDE FINANCIAL LLC
    Similarity Rank: 588
    AAXY L.L.C.
    Similarity Rank: 648
    STANDARD MORTGAGE CORPORATION
    Similarity Rank: 1088
    CAPITAL PLUS FINANCIAL, LLC
    Similarity Rank: 1104

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 286 $41,330,000 $144,510 $2,718 3.46%

    For 2021, Mobiloil's most frequently originated type of loan was Conventional, with 286 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 80 $9,080,000 $113,500 $502 3.84%
    Home Purchase 77 $16,735,000 $217,338 $5,783 3.26%
    Home Improvement 56 $4,020,000 $71,786 $581 3.80%
    Refi 49 $9,375,000 $191,327 $4,666 2.62%
    Other 24 $2,120,000 $88,333 $1,281 3.75%

    For 2021, Mobiloil's most frequently cited loan purpose was Cash Out Refi, with 80 originations. The 2nd most popular reason was Home Purchase, with 77 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 101 $20,095,000 $198,960 $4,317 3.64%
    15 Year 84 $10,280,000 $122,381 $2,259 3.20%
    10 Year 46 $3,220,000 $70,000 $601 3.36%
    20 Year 38 $6,030,000 $158,684 $2,364 3.60%
    5 Year 9 $415,000 $46,111 $325 3.47%
    Other 5 $415,000 $83,000 $491 3.95%
    30+ year 3 $875,000 $291,667 $9,562 3.67%

    For 2021, Mobiloil's most frequently cited loan duration was 30 Year, with 101 originations. The 2nd most popular length was 15 Year, with 84 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 166 $16,270,000 $98,012
    $1k-2k 58 $7,280,000 $125,517
    $2k-3k 32 $6,820,000 $213,125
    $3k-4k 15 $4,455,000 $297,000
    $4k-5k 11 $4,365,000 $396,818
    $5k+ 4 $2,140,000 $535,000

    Mobiloil's average total fees were $4,317, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 166 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 138 $17,860,000 $129,420
    2.5-3% 63 $12,005,000 $190,556
    4-5% 38 $4,000,000 $105,263
    <2.5% 34 $5,410,000 $159,118
    5-6% 13 $2,055,000 $158,077

    During 2021, Mobiloil's average interest rate for loans was 3.64%, while their most frequently originated rate bucket for loans was 3-4%, with 138 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 119 $7,005,000 $58,866 $943 3.66%
    $100k-200k 99 $13,635,000 $137,727 $2,527 3.42%
    $200k-400k 56 $14,470,000 $258,393 $5,450 3.16%
    $400k-600k 10 $4,640,000 $464,000 $9,045 3.35%
    $600k-1MM 2 $1,580,000 $790,000 $9,660 2.75%

    2021 saw Mobiloil place emphasis on $100,000 or less loans with 119 originations, totaling $7,005,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 60 $11,910,000 $198,500 $3,556 3.31%
    $100k-150k 58 $7,520,000 $129,655 $2,200 3.48%
    $50k-75k 58 $5,850,000 $100,862 $2,323 3.47%
    $75k-100k 57 $8,305,000 $145,702 $2,829 3.52%
    $50k or less 40 $2,840,000 $71,000 $1,657 3.56%
    $250k+ 9 $4,255,000 $472,778 $7,756 3.17%

    Mobiloil lent most frequently to those with incomes in the $150k-250k range, with 60 originations. The second most popular income band? $100k-150k, with 58 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 81 $14,435,000 $178,210 $3,304 3.34%
    30-36% 67 $8,975,000 $133,955 $2,744 3.41%
    <20% 22 $3,250,000 $147,727 $2,856 3.20%
    38% 16 $2,050,000 $128,125 $2,203 3.31%
    44% 15 $1,685,000 $112,333 $925 4.03%
    43% 13 $2,005,000 $154,231 $3,119 3.44%
    39% 12 $940,000 $78,333 $954 3.89%
    36% 12 $1,680,000 $140,000 $2,206 3.24%
    41% 12 $1,980,000 $165,000 $3,218 3.68%
    37% 11 $1,405,000 $127,727 $3,157 3.47%
    42% 11 $1,275,000 $115,909 $2,648 3.88%
    40% 9 $1,195,000 $132,778 $3,027 3.41%
    45% 3 $265,000 $88,333 $280 3.92%
    46% 1 $65,000 $65,000 $3,923 3.25%
    48% 1 $125,000 $125,000 $940 5.75%

    Mobiloil lent most frequently to those with DTI ratios of 20-30%, with 81 originations. The next most common DTI ratio? 30-36%, with 67 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 222 $33,270,000 $149,865 $2,848 3.44%
    Not provided 31 $3,695,000 $119,194 $2,145 3.64%
    Black 28 $3,660,000 $130,714 $2,404 3.49%
    Asian 3 $535,000 $178,333 $2,636 3.50%
    American Indian 2 $170,000 $85,000 $1,653 2.81%

    Approval Rates

    Total approvals of all applications
    72.97%

    Mobiloil has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    52.80%

    Mobiloil 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 286 $41,330,000 $144,510

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    286 $41,330,000 $144,510

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 35 $3,195,000 $91,286 $1,019 3.54%
    40-60% 40 $5,000,000 $125,000 $2,270 3.37%
    60-80% 96 $14,830,000 $154,479 $2,687 3.36%
    80-100% 84 $17,050,000 $202,976 $4,454 3.52%
    Under 20% 31 $1,255,000 $40,484 $604 3.64%