Metroplex Mortgage Services Rates, Fees & Info

SAINT PETERSBURG, FL

LEI: 549300TVLFC2SSLVOP06

Tax ID: 59-3709910

5 stars - Updated: 4/5/25 - out of 5 stars, based on 14 reviews

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Relative Rates
  • Relative Fees
  • 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

    Metroplex Mortgage Services is a smaller mortgage company specializing in Home Purchase loans. They also have a high ratio of USDA loans. Metroplex Mortgage Services has an average proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Sebring, Homosassa Springs, Okeechobee, Lakeland, and Gainesville among others. We have data for 20 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.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 7.20% 4/5/25
    30 Year Conventional Refi 6.87% 4/5/25
    30 Year Cash-out Refi 6.84% 4/5/25
    30 Year FHA Purchase 7.47% 4/5/25
    30 Year FHA Refi 6.96% 4/5/25
    30 Year VA Purchase 6.95% 4/5/25
    30 Year VA Refi 5.51% 4/5/25
    30 Year USDA Purchase 7.32% 4/5/25
    30 Year USDA Refi 6.19% 4/5/25
    15 Year Conventional Purchase 6.00% 4/5/25
    15 Year Conventional Refi 6.60% 4/5/25
    15 Year Cash-out Refi 6.60% 4/5/25
    15 Year VA Refi 4.63% 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.

    Metroplex Mortgage Services Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Metroplex Mortgage Services. 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

    202

    Origination Dollar Volume (All Markets)

    $48,680,000

    Awards

    METROPLEX MORTGAGE SERVICES USDA Loans gold METROPLEX MORTGAGE SERVICES VA Loans silver METROPLEX MORTGAGE SERVICES USDA Loans gold
    Show all (3) awards

    Relative Rate

    Metroplex Mortgage Services's average 30 year fixed mortgage rate was 6.5%.

    The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.

    This yields a difference of -0.05%.

    Relative Fees (Closing Costs)

    Metroplex Mortgage Services's average total fees/closing costs for a 30 year fixed rate mortgage were $7,856.

    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
    SEBRING-AVON PARK, FL (FHA|USDA|VA) 107 $26,015,000 $243,131 $7,834 6.45%
    HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 22 $4,220,000 $191,818 $7,412 6.58%
    Okeechobee, FL (FHA|USDA|VA) 15 $3,265,000 $217,667 $7,443 6.54%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 10 $2,740,000 $274,000 $7,942 6.52%
    GAINESVILLE, FL (FHA|USDA|VA) 7 $1,615,000 $230,714 $7,572 6.71%
    OCALA, FL (FHA|USDA|VA) 7 $1,595,000 $227,857 $6,858 6.46%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 5 $1,515,000 $303,000 $8,480 6.52%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 3 $1,015,000 $338,333 $9,096 6.41%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 3 $1,005,000 $335,000 $8,989 7.25%
    Outside of Metro Areas 3 $765,000 $255,000 $7,926 6.38%
    Wauchula, FL (FHA|USDA|VA) 3 $735,000 $245,000 $8,921 6.04%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 2 $680,000 $340,000 $9,474 7.25%
    Clewiston, FL (FHA|USDA|VA) 4 $610,000 $152,500 $7,641 7.00%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $575,000 $575,000 $11,368 6.50%
    TALLAHASSEE, FL (FHA|USDA|VA) 2 $550,000 $275,000 $11,257 6.44%
    Lake City, FL (FHA|USDA|VA) 2 $530,000 $265,000 $5,829 5.63%
    THE VILLAGES, FL (FHA|USDA|VA) 2 $400,000 $200,000 $6,294 6.81%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 2 $340,000 $170,000 $5,821 6.13%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $255,000 $255,000 $8,972 4.75%
    PUNTA GORDA, FL (FHA|USDA|VA) 1 $255,000 $255,000 $9,084 6.13%
    Metroplex Mortgage Services's top markets include Sebring, Homosassa Springs, Okeechobee, Lakeland, and Gainesville among others.

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

    HOMEAMERICAN MORTGAGE CORPORATION
    Similarity Rank: 96
    SAN ANTONIO CITIZENS
    Similarity Rank: 156
    Suncoast Credit Union
    Similarity Rank: 528
    SPACE COAST Credit Union
    Similarity Rank: 621
    METROPLEX MORTGAGE SERVICES, INC.
    Similarity Rank: 660
    First Home Bank
    Similarity Rank: 784
    Grow Financial Federal Credit Union
    Similarity Rank: 1170
    USF Federal Credit Union
    Similarity Rank: 1190
    ACHIEVA CREDIT UNION
    Similarity Rank: 1254
    MATTAMY HOME FUNDING, LLC
    Similarity Rank: 1312

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    USDA 78 $17,430,000 $223,462 $8,876 6.33%
    Conventional 63 $13,275,000 $210,714 $6,684 6.74%
    VA 43 $13,285,000 $308,953 $5,827 6.39%
    FHA 18 $4,690,000 $260,556 $11,823 6.55%

    For 2024, Metroplex Mortgage Services's most frequently originated type of loan was USDA, with 78 originations. Their 2nd most popular type was Conventional, with 63 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 152 $35,990,000 $236,776 $7,547 6.76%
    Refi 34 $9,250,000 $272,059 $8,673 5.31%
    Cash Out Refi 16 $3,440,000 $215,000 $8,552 6.45%

    For 2024, Metroplex Mortgage Services's most frequently cited loan purpose was Home Purchase, with 152 originations. The 2nd most popular reason was Refi, with 34 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 199 $48,355,000 $242,990 $7,856 6.50%
    15 Year 2 $260,000 $130,000 $4,583 5.06%
    20 Year 1 $65,000 $65,000 $5,481 7.63%

    For 2024, Metroplex Mortgage Services's most frequently cited loan duration was 30 Year, with 199 originations. The 2nd most popular length was 15 Year, with 2 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $3k-4k 77 $16,245,000 $210,974
    $4k-5k 53 $14,225,000 $268,396
    $2k-3k 28 $4,760,000 $170,000
    $5k+ 21 $8,365,000 $398,333
    $1k-2k 5 $1,075,000 $215,000
    $<1k 3 $595,000 $198,333

    Metroplex Mortgage Services's average total fees were $7,856, while their most frequently occuring range of origination fees (closing costs) were in the $3k-4k bucket, with 77 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 104 $24,810,000 $238,558
    7-8% 47 $9,685,000 $206,064
    5-6% 34 $9,590,000 $282,059
    4-5% 17 $4,595,000 $270,294

    During 2024, Metroplex Mortgage Services's average interest rate for loans was 6.50%, while their most frequently originated rate bucket for loans was 6-7%, with 104 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 115 $30,375,000 $264,130 $8,519 6.38%
    $100k-200k 62 $9,540,000 $153,871 $6,462 6.67%
    $400k-600k 14 $6,730,000 $480,714 $8,840 6.36%
    $100,000 or less 9 $675,000 $75,000 $5,221 6.96%
    $600k-1MM 2 $1,360,000 $680,000 $12,726 6.38%

    2024 saw Metroplex Mortgage Services place emphasis on $200k-400k loans with 115 originations, totaling $30,375,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 62 $12,130,000 $195,645 $7,227 6.65%
    $75k-100k 57 $14,075,000 $246,930 $8,189 6.37%
    $100k-150k 37 $10,565,000 $285,541 $8,718 6.47%
    $50k or less 28 $5,010,000 $178,929 $6,441 6.42%
    $150k-250k 14 $5,160,000 $368,571 $8,686 6.58%
    $250k+ 4 $1,740,000 $435,000 $9,490 6.12%

    Metroplex Mortgage Services lent most frequently to those with incomes in the $50k-75k range, with 62 originations. The second most popular income band? $75k-100k, with 57 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 34 $7,660,000 $225,294 $7,732 6.44%
    20-30% 27 $6,745,000 $249,815 $7,872 6.04%
    40% 17 $3,865,000 $227,353 $8,943 6.81%
    37% 13 $2,385,000 $183,462 $6,712 6.79%
    50-60% 13 $3,755,000 $288,846 $7,439 6.43%
    <20% 11 $2,205,000 $200,455 $7,041 6.01%
    43% 9 $2,225,000 $247,222 $9,028 6.61%
    42% 8 $1,790,000 $223,750 $8,420 6.73%
    36% 8 $1,530,000 $191,250 $7,660 6.41%
    38% 8 $1,830,000 $228,750 $7,102 6.53%
    48% 8 $2,640,000 $330,000 $8,097 6.81%
    45% 7 $1,955,000 $279,286 $10,450 6.39%
    49% 7 $1,525,000 $217,857 $8,017 6.75%
    41% 7 $1,265,000 $180,714 $7,852 6.95%
    44% 6 $1,410,000 $235,000 $5,711 6.83%
    47% 6 $1,670,000 $278,333 $7,478 7.15%
    39% 4 $870,000 $217,500 $7,433 6.28%
    46% 4 $1,000,000 $250,000 $4,761 6.69%
    >60% 1 $565,000 $565,000 $6,827 6.63%

    Metroplex Mortgage Services lent most frequently to those with DTI ratios of 30-36%, with 34 originations. The next most common DTI ratio? 20-30%, with 27 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 163 $39,135,000 $240,092 $7,649 6.53%
    Not provided 22 $5,120,000 $232,727 $9,170 6.20%
    Black 12 $3,160,000 $263,333 $7,186 6.54%
    Asian 4 $1,190,000 $297,500 $9,407 5.90%
    American Indian 1 $75,000 $75,000 $5,277 7.88%

    Approval Rates

    Total approvals of all applications
    95.19%

    Metroplex Mortgage Services has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    73.27%

    Metroplex Mortgage Services has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 202 $48,680,000 $240,990

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    202 $48,680,000 $240,990

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 3 $295,000 $98,333 $5,362 6.75%
    40-60% 10 $2,060,000 $206,000 $6,573 6.69%
    60-80% 31 $6,735,000 $217,258 $7,179 6.74%
    80-100% 123 $31,155,000 $253,293 $7,869 6.50%
    Over 100% 23 $5,695,000 $247,609 $9,005 6.55%
    Under 20% 2 $120,000 $60,000 $4,836 6.63%