Metroplex Mortgage Services Rates, Fees & Info

SAINT PETERSBURG, FL

LEI: 549300TVLFC2SSLVOP06

Tax ID: 59-3709910

4.5 stars - out of 5 stars, based on 17 reviews

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

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Mortgage Data

  • SimulatedRates™
  • Review & Overview

    Metroplex Mortgage Services is a smaller mortgage company specializing in loans. They also have a high ratio of USDA loans. Metroplex Mortgage Services has a high proportion of conventional loans. Their top markets by origination volume include: Sebring, Tampa, Homosassa Springs, Okeechobee, and Orlando among others. We have data for 33 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Metroplex Mortgage Services 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. Metroplex Mortgage Services 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.

    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 6.82% 1/29/23
    30 Year Conventional Refi 6.51% 1/29/23
    30 Year Cash-out Refi 6.86% 1/29/23
    30 Year VA Purchase 6.55% 1/29/23
    30 Year VA Refi 5.98% 1/29/23
    30 Year USDA Purchase 6.84% 1/29/23
    30 Year USDA Refi 6.47% 1/29/23
    15 Year Conventional Purchase 6.13% 1/29/23
    15 Year Conventional Refi 6.12% 1/29/23
    15 Year Cash-out Refi 6.12% 1/29/23
    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.


    Originations

    275

    Origination Dollar Volume (All Markets)

    $51,645,000

    Awards

    METROPLEX MORTGAGE SERVICES USDA Loans gold METROPLEX MORTGAGE SERVICES VA Loans bronze METROPLEX MORTGAGE SERVICES USDA Loans gold METROPLEX MORTGAGE SERVICES USDA Loans gold
    Show all (4) awards

    Relative Rate

    Metroplex Mortgage Services's average 30 year fixed mortgage rate was 3.01%.

    The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.

    This yields a difference of -0.14%.

    Relative Fees (Closing Costs)

    Metroplex Mortgage Services's average total fees/closing costs for a 30 year fixed rate mortgage were $5,653.

    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
    SEBRING-AVON PARK, FL (FHA|USDA|VA) 96 $16,140,000 $168,125 $5,439 3.02%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 32 $6,920,000 $216,250 $5,393 3.00%
    HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 35 $5,675,000 $162,143 $4,839 2.98%
    Okeechobee, FL (FHA|USDA|VA) 17 $3,175,000 $186,765 $5,808 3.14%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 14 $2,860,000 $204,286 $4,953 2.97%
    OCALA, FL (FHA|USDA|VA) 14 $2,460,000 $175,714 $6,075 3.08%
    Outside of Metro Areas 9 $1,965,000 $218,333 $8,876 3.13%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 9 $1,715,000 $190,556 $6,171 2.76%
    Wauchula, FL (FHA|USDA|VA) 7 $1,245,000 $177,857 $5,644 2.89%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 3 $1,085,000 $361,667 $6,064 3.46%
    THE VILLAGES, FL (FHA|USDA|VA) 4 $870,000 $217,500 $6,491 2.81%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 3 $745,000 $248,333 $8,538 2.87%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 3 $725,000 $241,667 $4,442 2.50%
    JACKSONVILLE, FL (FHA|USDA|VA) 2 $640,000 $320,000 $7,333 2.94%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 3 $595,000 $198,333 $6,046 2.92%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 3 $575,000 $191,667 $4,855 3.00%
    PUNTA GORDA, FL (FHA|USDA|VA) 4 $500,000 $125,000 $4,595 3.13%
    KNOXVILLE, TN (FHA|USDA|VA) 1 $435,000 $435,000 $5,934 2.88%
    CHATTANOOGA, TN-GA (FHA|USDA|VA) 1 $335,000 $335,000 $6,001 3.25%
    GAINESVILLE, FL (FHA|USDA|VA) 2 $290,000 $145,000 $4,955 3.13%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $285,000 $285,000 $5,070 3.13%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $255,000 $255,000 $8,943 2.75%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $245,000 $245,000 $8,070 2.75%
    Bonham, TX (FHA|USDA|VA) 1 $225,000 $225,000 $7,390 2.88%
    MONTGOMERY, AL (FHA|USDA|VA) 1 $225,000 $225,000 $7,775 3.13%
    LAREDO, TX (FHA|USDA|VA) 1 $225,000 $225,000 $8,366 3.00%
    NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 1 $215,000 $215,000 $11,366 2.88%
    Palestine, TX (FHA|USDA|VA) 1 $205,000 $205,000 $7,036 2.25%
    Enterprise, AL (FHA|USDA|VA) 1 $195,000 $195,000 $6,826 2.63%
    TALLAHASSEE, FL (FHA|USDA|VA) 1 $175,000 $175,000 $7,399 4.50%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $165,000 $165,000 $4,894 2.99%
    LONGVIEW, TX (FHA|USDA|VA) 1 $165,000 $165,000 $7,669 3.00%
    Brownwood, TX (FHA|USDA|VA) 1 $115,000 $115,000 $3,346 2.88%
    Metroplex Mortgage Services's top markets include Sebring, Tampa, Homosassa Springs, Okeechobee, and Orlando among others.

    Their top states include:
  • Florida (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)
  • Alabama (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against METROPLEX MORTGAGE SERVICES based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    FLORIDA
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    SAN ANTONIO CITIZENS
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    RAILROAD & INDUSTRIAL
    Similarity Rank: 1974
    LOANFLIGHT LENDING, LLC
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    Suncoast Credit Union
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    PARK SQUARE HOME MORTGAGE, LLC
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    Auto Club Trust, FSB
    Similarity Rank: 3240
    Brannen Bank
    Similarity Rank: 3258
    Patriot Lending Services, Inc.
    Similarity Rank: 3294

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    USDA 135 $24,515,000 $181,593 $6,476 2.86%
    Conventional 93 $16,755,000 $180,161 $4,560 3.27%
    VA 47 $10,375,000 $220,745 $5,482 2.91%

    For 2021, Metroplex Mortgage Services's most frequently originated type of loan was USDA, with 135 originations. Their 2nd most popular type was Conventional, with 93 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 194 $37,750,000 $194,588 $6,043 3.04%
    Refi 42 $7,230,000 $172,143 $4,433 2.71%
    Cash Out Refi 39 $6,665,000 $170,897 $5,064 3.15%

    For 2021, Metroplex Mortgage Services's most frequently cited loan purpose was Home Purchase, with 194 originations. The 2nd most popular reason was Refi, with 42 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 268 $50,750,000 $189,366 $5,653 3.01%
    15 Year 5 $645,000 $129,000 $6,001 2.94%
    20 Year 2 $250,000 $125,000 $6,209 2.69%

    For 2021, Metroplex Mortgage Services's most frequently cited loan duration was 30 Year, with 268 originations. The 2nd most popular length was 15 Year, with 5 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $2k-3k 124 $22,550,000 $181,855
    $1k-2k 61 $11,215,000 $183,852
    $3k-4k 42 $9,980,000 $237,619
    $<1k 32 $5,150,000 $160,938
    $4k-5k 2 $480,000 $240,000

    Metroplex Mortgage Services's average total fees were $5,653, while their most frequently occuring range of origination fees (closing costs) were in the $2k-3k bucket, with 124 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 142 $28,410,000 $200,070
    3-4% 92 $16,160,000 $175,652
    <2.5% 31 $5,385,000 $173,710
    4-5% 9 $1,595,000 $177,222

    During 2021, Metroplex Mortgage Services's average interest rate for loans was 3.01%, while their most frequently originated rate bucket for loans was 2.5-3%, with 142 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 150 $23,310,000 $155,400 $5,341 2.98%
    $200k-400k 93 $22,695,000 $244,032 $6,476 3.01%
    $100,000 or less 25 $2,115,000 $84,600 $3,932 3.21%
    $400k-600k 6 $2,880,000 $480,000 $7,469 2.77%
    $600k-1MM 1 $645,000 $645,000 $8,881 2.88%

    2021 saw Metroplex Mortgage Services place emphasis on $100k-200k loans with 150 originations, totaling $23,310,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 114 $21,850,000 $191,667 $6,015 3.00%
    $50k or less 103 $15,425,000 $149,757 $5,380 2.95%
    $75k-100k 26 $5,870,000 $225,769 $5,085 3.03%
    $100k-150k 22 $5,300,000 $240,909 $5,839 3.17%
    $150k-250k 9 $2,605,000 $289,444 $4,684 3.28%
    $250k+ 1 $595,000 $595,000 $14,174 2.75%

    Metroplex Mortgage Services lent most frequently to those with incomes in the $50k-75k range, with 114 originations. The second most popular income band? $50k or less, with 103 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 60 $11,390,000 $189,833 $5,293 3.02%
    20-30% 57 $11,285,000 $197,982 $5,519 2.96%
    <20% 17 $2,705,000 $159,118 $5,217 2.74%
    45% 15 $2,785,000 $185,667 $6,057 3.00%
    44% 14 $2,580,000 $184,286 $6,034 3.06%
    40% 13 $2,045,000 $157,308 $6,191 2.89%
    38% 12 $2,480,000 $206,667 $6,384 3.06%
    42% 11 $2,255,000 $205,000 $6,048 3.11%
    41% 11 $2,015,000 $183,182 $5,648 3.17%
    43% 11 $1,825,000 $165,909 $5,699 2.93%
    37% 10 $1,850,000 $185,000 $5,653 3.23%
    36% 10 $2,180,000 $218,000 $5,911 3.15%
    39% 9 $1,545,000 $171,667 $6,122 3.07%
    47% 5 $815,000 $163,000 $4,531 2.93%
    46% 4 $790,000 $197,500 $6,360 2.97%
    50-60% 3 $1,035,000 $345,000 $8,057 2.83%
    48% 3 $555,000 $185,000 $6,819 3.17%
    49% 1 $285,000 $285,000 $5,070 3.13%

    Metroplex Mortgage Services lent most frequently to those with DTI ratios of 30-36%, with 60 originations. The next most common DTI ratio? 20-30%, with 57 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 222 $40,970,000 $184,550 $5,604 2.99%
    Black 23 $4,615,000 $200,652 $6,196 3.02%
    Not provided 23 $4,575,000 $198,913 $5,784 3.03%
    Asian 5 $1,095,000 $219,000 $5,105 3.42%
    American Indian 2 $390,000 $195,000 $6,005 2.88%

    Approval Rates

    Total approvals of all applications
    94.28%

    Metroplex Mortgage Services has an average approval rate.

    Pick Rate

    Approvals leading to origination
    86.18%

    Metroplex Mortgage Services has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 275 $51,645,000 $187,800

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    275 $51,645,000 $187,800

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 4 $370,000 $92,500 $3,427 3.31%
    40-60% 19 $2,525,000 $132,895 $4,693 3.02%
    60-80% 47 $8,855,000 $188,404 $4,763 3.25%
    80-100% 163 $30,825,000 $189,110 $5,654 2.94%
    Over 100% 38 $8,220,000 $216,316 $7,692 2.94%