Metroplex Mortgage Services Rates, Fees & Info

SAINT PETERSBURG, FL

LEI: 549300TVLFC2SSLVOP06

Tax ID: 59-3709910

5 stars - Updated: 6/9/24 - out of 5 stars, based on 14 reviews

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

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Mortgage Data

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 a high proportion of conventional loans. Their top markets by origination volume include: Sebring, Homosassa Springs, Okeechobee, Lakeland, and North Port among others. We have data for 24 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 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.

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 7.00% 6/9/24
30 Year Conventional Refi 6.62% 6/9/24
30 Year Cash-out Refi 7.11% 6/9/24
30 Year VA Purchase 6.31% 6/9/24
30 Year USDA Purchase 6.62% 6/9/24
30 Year USDA Refi 6.03% 6/9/24
15 Year Conventional Purchase 6.30% 6/9/24
15 Year Conventional Refi 7.72% 6/9/24
15 Year Cash-out Refi 7.72% 6/9/24
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.

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

184

Origination Dollar Volume (All Markets)

$43,350,000
Show all (5) awards

Relative Rate

Metroplex Mortgage Services's average 30 year fixed mortgage rate was 6.86%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of 0.38%.

Relative Fees (Closing Costs)

Metroplex Mortgage Services's average total fees/closing costs for a 30 year fixed rate mortgage were $7,662.

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
SEBRING-AVON PARK, FL (FHA|USDA|VA) 95 $20,385,000 $214,579 $7,058 6.80%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 18 $3,870,000 $215,000 $7,642 6.90%
Okeechobee, FL (FHA|USDA|VA) 18 $3,570,000 $198,333 $6,737 7.10%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 8 $2,510,000 $313,750 $10,480 6.95%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 3 $2,145,000 $715,000 $8,498 6.83%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 4 $1,660,000 $415,000 $12,915 6.72%
Outside of Metro Areas 7 $1,325,000 $189,286 $7,073 6.95%
OCALA, FL (FHA|USDA|VA) 4 $980,000 $245,000 $8,074 6.50%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 3 $955,000 $318,333 $7,275 6.29%
Wauchula, FL (FHA|USDA|VA) 3 $805,000 $268,333 $8,368 6.50%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 3 $715,000 $238,333 $6,064 6.58%
GAINESVILLE, FL (FHA|USDA|VA) 2 $670,000 $335,000 $12,057 6.50%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 3 $625,000 $208,333 $7,096 7.17%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $615,000 $615,000 $27,263 7.75%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $475,000 $475,000 $14,288 8.63%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 2 $380,000 $190,000 $7,022 7.25%
Sebastian-Vero Beach, FL (FHA|USDA|VA) 2 $300,000 $150,000 $6,214 6.94%
PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $255,000 $255,000 $7,808 5.99%
THE VILLAGES, FL (FHA|USDA|VA) 1 $215,000 $215,000 $8,253 6.50%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $215,000 $215,000 $11,256 7.25%
Clewiston, FL (FHA|USDA|VA) 1 $205,000 $205,000 $8,073 6.63%
PANAMA CITY, FL (FHA|USDA|VA) 1 $175,000 $175,000 $9,208 6.50%
Lake City, FL (FHA|USDA|VA) 1 $155,000 $155,000 $5,801 8.25%
ANNISTON-OXFORD, AL (FHA|USDA|VA) 1 $145,000 $145,000 $6,935 6.88%
Metroplex Mortgage Services's top markets include Sebring, Homosassa Springs, Okeechobee, Lakeland, and North Port among others.

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

    ACHIEVA CREDIT UNION
    Similarity Rank: 441
    METROPLEX MORTGAGE SERVICES, INC.
    Similarity Rank: 504
    Suncoast Credit Union
    Similarity Rank: 741
    PARK SQUARE HOME MORTGAGE, LLC
    Similarity Rank: 855
    TrustCo Bank
    Similarity Rank: 896
    Brannen Bank
    Similarity Rank: 966
    RBC Bank, (Georgia)
    Similarity Rank: 1552
    MIDFLORIDA
    Similarity Rank: 1584

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    USDA 82 $17,260,000 $210,488 $8,368 6.75%
    Conventional 63 $13,835,000 $219,603 $6,398 7.06%
    VA 39 $12,255,000 $314,231 $8,174 6.74%

    For 2023, Metroplex Mortgage Services's most frequently originated type of loan was USDA, with 82 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 179 $41,885,000 $233,994 $7,561 6.85%
    Cash Out Refi 5 $1,465,000 $293,000 $10,932 6.93%

    For 2023, Metroplex Mortgage Services's most frequently cited loan purpose was Home Purchase, with 179 originations. The 2nd most popular reason was Cash Out Refi, with 5 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 183 $43,195,000 $236,038 $7,662 6.86%
    20 Year 1 $155,000 $155,000 $5,828 6.50%

    For 2023, Metroplex Mortgage Services's most frequently cited loan duration was 30 Year, with 183 originations. The 2nd most popular length was 20 Year, with 1 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $3k-4k 73 $14,925,000 $204,452
    $4k-5k 35 $9,515,000 $271,857
    $2k-3k 24 $4,190,000 $174,583
    $5k+ 14 $7,040,000 $502,857
    $1k-2k 12 $2,340,000 $195,000
    $<1k 8 $1,250,000 $156,250

    Metroplex Mortgage Services's average total fees were $7,662, while their most frequently occuring range of origination fees (closing costs) were in the $3k-4k bucket, with 73 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 119 $27,845,000 $233,992
    7-8% 40 $9,440,000 $236,000
    5-6% 14 $3,740,000 $267,143
    Over 8% 11 $2,325,000 $211,364

    During 2023, Metroplex Mortgage Services's average interest rate for loans was 6.86%, while their most frequently originated rate bucket for loans was 6-7%, with 119 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 93 $24,585,000 $264,355 $8,126 6.73%
    $100k-200k 73 $11,295,000 $154,726 $5,931 6.96%
    $100,000 or less 7 $545,000 $77,857 $5,120 7.25%
    $400k-600k 6 $2,840,000 $473,333 $9,510 6.98%
    $600k-1MM 4 $2,590,000 $647,500 $25,395 7.16%
    $1MM+ 1 $1,495,000 $1,495,000 $24,919 6.38%

    2023 saw Metroplex Mortgage Services place emphasis on $200k-400k loans with 93 originations, totaling $24,585,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 66 $12,630,000 $191,364 $6,882 6.71%
    $75k-100k 50 $11,230,000 $224,600 $7,478 6.81%
    $100k-150k 26 $7,910,000 $304,231 $9,435 6.98%
    $50k or less 20 $2,660,000 $133,000 $5,369 7.04%
    $150k-250k 15 $4,925,000 $328,333 $9,102 6.95%
    $250k+ 7 $3,995,000 $570,714 $12,961 7.32%

    Metroplex Mortgage Services lent most frequently to those with incomes in the $50k-75k range, with 66 originations. The second most popular income band? $75k-100k, with 50 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 37 $8,005,000 $216,351 $8,005 6.83%
    20-30% 21 $3,795,000 $180,714 $5,856 6.90%
    40% 18 $3,800,000 $211,111 $7,920 6.79%
    39% 12 $3,160,000 $263,333 $8,576 6.63%
    44% 12 $2,660,000 $221,667 $6,845 6.85%
    50-60% 11 $4,835,000 $439,545 $8,697 6.76%
    42% 11 $2,575,000 $234,091 $8,344 7.09%
    38% 10 $2,210,000 $221,000 $7,832 6.58%
    37% 9 $2,155,000 $239,444 $7,682 7.04%
    45% 8 $1,970,000 $246,250 $7,089 6.97%
    43% 8 $1,680,000 $210,000 $8,350 6.72%
    41% 7 $1,985,000 $283,571 $11,049 6.95%
    <20% 5 $1,095,000 $219,000 $7,434 6.90%
    48% 5 $1,535,000 $307,000 $5,625 6.83%
    36% 4 $810,000 $202,500 $8,164 7.25%
    47% 3 $485,000 $161,667 $3,489 7.13%
    49% 2 $490,000 $245,000 $6,095 7.06%
    46% 1 $105,000 $105,000 $4,890 6.75%

    Metroplex Mortgage Services lent most frequently to those with DTI ratios of 30-36%, with 37 originations. The next most common DTI ratio? 20-30%, with 21 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 129 $30,745,000 $238,333 $7,718 6.85%
    Not provided 47 $10,385,000 $220,957 $7,362 6.89%
    Black 7 $1,765,000 $252,143 $7,238 6.68%
    Asian 1 $455,000 $455,000 $15,744 6.63%

    Approval Rates

    Total approvals of all applications
    96.12%

    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
    78.80%

    Metroplex Mortgage Services has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 184 $43,350,000 $235,598

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    184 $43,350,000 $235,598

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 10 $1,150,000 $115,000 $5,243 6.94%
    40-60% 8 $1,170,000 $146,250 $5,210 6.64%
    60-80% 35 $7,805,000 $223,000 $6,447 7.02%
    80-100% 104 $26,020,000 $250,192 $7,583 6.85%
    Over 100% 27 $7,205,000 $266,852 $11,097 6.69%