Metroplex Mortgage Services Rates, Fees & Info
SAINT PETERSBURG, FLLEI: 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 7.00% | 12/16/24 |
| 30 Year Conventional Refi | 6.62% | 12/16/24 |
| 30 Year Cash-out Refi | 7.11% | 12/16/24 |
| 30 Year VA Purchase | 6.31% | 12/16/24 |
| 30 Year USDA Purchase | 6.62% | 12/16/24 |
| 30 Year USDA Refi | 6.03% | 12/16/24 |
| 15 Year Conventional Purchase | 6.30% | 12/16/24 |
| 15 Year Conventional Refi | 7.72% | 12/16/24 |
| 15 Year Cash-out Refi | 7.72% | 12/16/24 |
| 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
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This is not an official calculator from Metroplex Mortgage Services. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
187Origination Dollar Volume (All Markets)
$29,405,000Awards
METROPLEX MORTGAGE SERVICES - 2019
METROPLEX MORTGAGE SERVICES is a 2019 , due to their low .
For 2019, less than of lenders were eligible for this award.
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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% |
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.
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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
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
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
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
2019 saw Metroplex Mortgage Services place emphasis on $100k-200k loans with 125 originations, totaling $17,745,000 in origination value.
Applicant Income
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
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
Approval Rates
Total approvals of all applications93.89%
Metroplex Mortgage Services has an average approval rate.
Pick Rate
Approvals leading to origination85.03%
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
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% |