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

2021 Data | 2020 Data | 2019 Data | 2018 Data


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 a high proportion of conventional loans. Their top markets include Sebring, Tampa, Homosassa Springs, Okeechobee, and Orlando among others. Metroplex Mortgage Services has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Metroplex Mortgage Services is typically an average fee lendor.


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 rate mortgage of loans were 3.01%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of -0.14%.

Relative Fees

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

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

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.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average 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 the 2021 period, Metroplex Mortgage Services 's most frequently originated loan type of loans were USDA, with 135 originations. Their 2nd most popular type is Conventional, with 93 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average 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 the 2021, Metroplex Mortgage Services 's most frequently cited loan purpose of loans were Home Purchase, with 194 originations. The 2nd most popular reason of loans were 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 the 2021, Metroplex Mortgage Services 's most frequently cited loan length of loans were 30 Year, with 268 originations. The 2nd most popular length of loans were 15 Year, with 5 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$2k-3k 124 $22,550,000 $181,855
$1k-2k 61 $11,215,000 $183,852
$3k-4k 44 $10,460,000 $237,727
$<1k 32 $5,150,000 $160,938

$5,653 of loans were Metroplex Mortgage Services 's average total fees, while their most frequently occuring range of origination fees 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 of loans were 3.01%, while their most frequently originated rate bucket of loans were 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
94.53%

Metroplex Mortgage Services has an average approval rate.

Pick Rate

Approvals leading to origination
84.60%

Metroplex Mortgage Services has a below 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%