Metroplex Mortgage Services Rates, Fees & Info

SAINT PETERSBURG, FL

LEI: 549300TVLFC2SSLVOP06

Tax ID: 59-3709910

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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 an average proportion of conventional loans. Their top markets by origination volume include: Sebring, Homosassa Springs, Tampa, Orlando, and Okeechobee among others. We have data for 25 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 7.00% 3/28/24
30 Year Conventional Refi 6.62% 3/28/24
30 Year Cash-out Refi 7.11% 3/28/24
30 Year VA Purchase 6.31% 3/28/24
30 Year USDA Purchase 6.62% 3/28/24
30 Year USDA Refi 6.03% 3/28/24
15 Year Conventional Purchase 6.30% 3/28/24
15 Year Conventional Refi 7.72% 3/28/24
15 Year Cash-out Refi 7.72% 3/28/24
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

187

Origination Dollar Volume (All Markets)

$29,405,000

Awards

METROPLEX MORTGAGE SERVICES VA Loans silver METROPLEX MORTGAGE SERVICES USDA Loans gold METROPLEX MORTGAGE SERVICES USDA Loans gold
Show all (3) 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
SEBRING-AVON PARK, FL (FHA|USDA|VA) 68 $9,690,000 $142,500 $4,797 4.26%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 35 $4,925,000 $140,714 $4,859 4.42%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 15 $2,715,000 $181,000 $5,748 4.05%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 9 $1,925,000 $213,889 $6,955 4.32%
Okeechobee, FL (FHA|USDA|VA) 14 $1,770,000 $126,429 $4,950 4.64%
OCALA, FL (FHA|USDA|VA) 8 $1,570,000 $196,250 $5,180 4.12%
THE VILLAGES, FL (FHA|USDA|VA) 10 $1,570,000 $157,000 $6,081 4.74%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 6 $900,000 $150,000 $6,093 4.10%
Wauchula, FL (FHA|USDA|VA) 4 $790,000 $197,500 $6,231 3.72%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 2 $420,000 $210,000 $3,886 4.06%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 2 $420,000 $210,000 $4,580 4.13%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $325,000 $325,000 $4,548 4.75%
Athens, TN (FHA|USDA|VA) 1 $265,000 $265,000 $1,960 5.00%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $255,000 $255,000 $7,260 4.13%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $255,000 $255,000 $4,066 4.25%
PUNTA GORDA, FL (FHA|USDA|VA) 1 $205,000 $205,000 $5,483 3.13%
GAINESVILLE, FL (FHA|USDA|VA) 1 $205,000 $205,000 $6,035 4.25%
HUNTSVILLE, AL (FHA|USDA|VA) 1 $205,000 $205,000 $7,363 4.13%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $175,000 $175,000 $5,576 3.63%
Outside of Metro Areas 1 $165,000 $165,000 $7,908 4.13%
MOBILE, AL (FHA|USDA|VA) 1 $145,000 $145,000 $4,828 4.63%
Clewiston, FL (FHA|USDA|VA) 1 $145,000 $145,000 $2,815 4.50%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $135,000 $135,000 $4,028 3.63%
Brownwood, TX (FHA|USDA|VA) 1 $115,000 $115,000 $5,741 4.88%
Atmore, AL (FHA|USDA|VA) 1 $115,000 $115,000 $5,665 4.13%
Metroplex Mortgage Services's top markets include Sebring, Homosassa Springs, Tampa, Orlando, and Okeechobee 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.

    TrustCo Bank
    Similarity Rank: 624
    METROPLEX MORTGAGE SERVICES, INC.
    Similarity Rank: 700
    RAILROAD & INDUSTRIAL
    Similarity Rank: 1056
    Suncoast Credit Union
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    SAN ANTONIO CITIZENS
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    FAIRWINDS CREDIT UNION
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    Brannen Bank
    Similarity Rank: 1455
    FIDELITY FUNDING MORTGAGE CORP.
    Similarity Rank: 2460
    PREFERRED LENDING SERVICES, LLC
    Similarity Rank: 2568
    ACHIEVA CREDIT UNION
    Similarity Rank: 2784

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    USDA 119 $17,795,000 $149,538 $5,790 4.17%
    Conventional 45 $7,325,000 $162,778 $3,928 4.69%
    VA 23 $4,285,000 $186,304 $4,445 4.16%

    For 2019, Metroplex Mortgage Services's most frequently originated type of loan was USDA, with 119 originations. Their 2nd most popular type was Conventional, with 45 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 153 $24,075,000 $157,353 $5,182 4.46%
    Refi 27 $4,195,000 $155,370 $4,894 3.33%
    Cash Out Refi 7 $1,135,000 $162,143 $6,059 4.45%

    For 2019, Metroplex Mortgage Services's most frequently cited loan purpose was Home Purchase, with 153 originations. The 2nd most popular reason was Refi, with 27 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 181 $28,425,000 $157,044 $5,159 4.30%
    15 Year 3 $445,000 $148,333 $3,274 3.83%
    20 Year 2 $410,000 $205,000 $9,037 4.69%
    Other 1 $125,000 $125,000 $5,726 4.13%

    For 2019, Metroplex Mortgage Services's most frequently cited loan duration was 30 Year, with 181 originations. The 2nd most popular length was 15 Year, with 3 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $2k-3k 82 $12,390,000 $151,098
    $1k-2k 80 $13,190,000 $164,875
    $<1k 7 $1,045,000 $149,286
    $3k-4k 7 $1,135,000 $162,143
    $4k-5k 1 $145,000 $145,000

    Metroplex Mortgage Services's average total fees were $5,159, while their most frequently occuring range of origination fees (closing costs) were in the $2k-3k bucket, with 82 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 123 $19,605,000 $159,390
    3-4% 36 $6,120,000 $170,000
    5-6% 17 $2,025,000 $119,118
    2.5-3% 9 $1,465,000 $162,778
    6-7% 1 $65,000 $65,000

    During 2019, Metroplex Mortgage Services's average interest rate for loans was 4.30%, while their most frequently originated rate bucket for loans was 4-5%, with 123 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 125 $17,745,000 $141,960 $5,093 4.25%
    $200k-400k 40 $10,050,000 $251,250 $5,929 4.23%
    $100,000 or less 22 $1,610,000 $73,182 $4,255 4.68%

    2019 saw Metroplex Mortgage Services place emphasis on $100k-200k loans with 125 originations, totaling $17,745,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 87 $11,475,000 $131,897 $5,034 4.27%
    $50k-75k 64 $10,320,000 $161,250 $5,544 4.36%
    $75k-100k 27 $5,385,000 $199,444 $5,048 4.22%
    $100k-150k 8 $1,880,000 $235,000 $4,308 4.37%
    $150k-250k 1 $345,000 $345,000 $3,767 4.49%

    Metroplex Mortgage Services lent most frequently to those with incomes in the $50k or less range, with 87 originations. The second most popular income band? $50k-75k, with 64 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 44 $6,460,000 $146,818 $4,932 4.10%
    30-36% 38 $5,200,000 $136,842 $5,325 4.46%
    37% 14 $2,040,000 $145,714 $4,940 4.51%
    39% 13 $2,265,000 $174,231 $5,905 4.59%
    <20% 12 $1,690,000 $140,833 $3,954 3.56%
    40% 12 $1,830,000 $152,500 $5,203 4.16%
    38% 9 $1,675,000 $186,111 $5,610 4.68%
    36% 8 $1,070,000 $133,750 $6,001 4.17%
    41% 7 $1,455,000 $207,857 $5,987 4.41%
    50-60% 5 $1,145,000 $229,000 $7,577 4.05%
    43% 5 $715,000 $143,000 $4,956 4.58%
    42% 3 $415,000 $138,333 $5,675 4.96%
    44% 3 $555,000 $185,000 $5,761 4.67%
    46% 3 $535,000 $178,333 $3,257 4.29%
    48% 3 $565,000 $188,333 $4,061 4.17%
    45% 2 $380,000 $190,000 $3,843 5.00%
    47% 2 $430,000 $215,000 $4,466 4.43%
    >60% 1 $265,000 $265,000 $3,815 4.13%
    49% 1 $345,000 $345,000 $3,767 4.49%

    Metroplex Mortgage Services lent most frequently to those with DTI ratios of 20-30%, with 44 originations. The next most common DTI ratio? 30-36%, with 38 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 173 $27,305,000 $157,832 $5,164 4.29%
    Black 10 $1,690,000 $169,000 $5,221 4.24%
    Not provided 4 $410,000 $102,500 $5,460 4.72%

    Approval Rates

    Total approvals of all applications
    93.89%

    Metroplex Mortgage Services has an average approval rate.

    Pick Rate

    Approvals leading to origination
    85.03%

    Metroplex Mortgage Services has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 187 $29,405,000 $157,246

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 1 $165,000 $165,000
    Single Family (1-4 Units):Site-Built 186 $29,240,000 $157,204

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    40-60% 7 $655,000 $93,571 $3,716 4.68%
    60-80% 12 $1,800,000 $150,000 $4,430 4.71%
    80-100% 143 $22,925,000 $160,315 $5,093 4.23%
    Over 100% 24 $3,900,000 $162,500 $6,446 4.37%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    Metropolitan Home Mortgage, Inc. Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 100.0%