Advisa Mortgage Services Ltd. Rates, Fees & Info

HOUSTON, TX

LEI: 549300V6F7N9BL5STN83

Tax ID: 27-2114578

5 stars - Updated: 10/29/24 - out of 5 stars, based on 27 reviews

Latest/2023 | 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

    Advisa Mortgage Services Ltd. is a smaller mortgage company specializing in Home Purchase loans. Advisa Mortgage Services Ltd. has a high proportion of conventional loans. They have a a high proportion of FHA loans. Their top markets by origination volume include: Austin, Houston, College Station, Nashville, and Amarillo among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Advisa Mortgage Services Ltd. 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. Advisa Mortgage Services Ltd. 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.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.50% 10/29/24
    30 Year Conventional Refi 5.42% 10/29/24
    30 Year Cash-out Refi 6.93% 10/29/24
    30 Year FHA Purchase 7.14% 10/29/24
    30 Year VA Purchase 5.96% 10/29/24
    15 Year Conventional Purchase 6.04% 10/29/24
    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.

    Advisa Mortgage Services Ltd. Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from Advisa Mortgage Services Ltd.. 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

    742

    Origination Dollar Volume (All Markets)

    $275,800,000
    Show all (8) awards

    Relative Rate

    Advisa Mortgage Services Ltd.'s average 30 year fixed mortgage rate was 6.15%.

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

    This yields a difference of -0.33%.

    Relative Fees (Closing Costs)

    Advisa Mortgage Services Ltd.'s average total fees/closing costs for a 30 year fixed rate mortgage were $7,416.

    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
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 378 $160,960,000 $425,820 $6,637 6.09%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 337 $104,625,000 $310,460 $8,108 6.17%
    COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 24 $8,830,000 $367,917 $7,213 6.59%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 2 $1,130,000 $565,000 $6,309 6.31%
    AMARILLO, TX (FHA|USDA|VA) 1 $255,000 $255,000 $4,780 6.13%
    Advisa Mortgage Services Ltd.'s top markets include Austin, Houston, College Station, Nashville, and Amarillo among others.

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

    • Similar Lenders

    We use machine learning to identify the top lenders compared against ADVISA MORTGAGE SERVICES LTD. based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    SOUTHERN LENDING SERVICES, LTD.
    Similarity Rank: 136
    HOMEAMERICAN MORTGAGE CORPORATION
    Similarity Rank: 220
    AMOCO
    Similarity Rank: 258
    FIRST CONTINENTAL MORTGAGE, LTD.
    Similarity Rank: 300
    GIBRALTAR MORTGAGE SERVICES, LLC
    Similarity Rank: 360
    American Momentum Bank
    Similarity Rank: 500
    SMART CHOICE MORTGAGE, A TEXAS LIMITED LIABILITY C
    Similarity Rank: 567
    PRIORITY HOME MORTGAGE, L.P.
    Similarity Rank: 588
    East West Bank
    Similarity Rank: 703
    COMMUNITY RESOURCE CREDIT UNION
    Similarity Rank: 714

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 447 $164,215,000 $367,371 $5,433 6.23%
    FHA 232 $83,920,000 $361,724 $10,625 6.00%
    VA 63 $27,665,000 $439,127 $8,519 6.01%

    For 2023, Advisa Mortgage Services Ltd.'s most frequently originated type of loan was Conventional, with 447 originations. Their 2nd most popular type was FHA, with 232 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 742 $275,800,000 $371,698 $7,321 6.14%

    For 2023, Advisa Mortgage Services Ltd.'s most frequently cited loan purpose was Home Purchase, with 742 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 725 $270,125,000 $372,586 $7,416 6.15%
    15 Year 16 $5,350,000 $334,375 $3,454 5.72%
    20 Year 1 $325,000 $325,000 $530 6.63%

    For 2023, Advisa Mortgage Services Ltd.'s most frequently cited loan duration was 30 Year, with 725 originations. The 2nd most popular length was 15 Year, with 16 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 412 $151,570,000 $367,888
    $5k+ 138 $53,740,000 $389,420
    $1k-2k 70 $26,990,000 $385,571
    $2k-3k 55 $18,155,000 $330,091
    $3k-4k 37 $14,485,000 $391,486
    $4k-5k 30 $10,860,000 $362,000

    Advisa Mortgage Services Ltd.'s average total fees were $7,416, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 412 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 292 $108,040,000 $370,000
    5-6% 241 $92,025,000 $381,846
    7-8% 114 $42,270,000 $370,789
    4-5% 79 $31,375,000 $397,152
    <2.5% 10 $60,000 $6,000
    Over 8% 6 $2,030,000 $338,333

    During 2023, Advisa Mortgage Services Ltd.'s average interest rate for loans was 6.15%, while their most frequently originated rate bucket for loans was 6-7%, with 292 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 424 $132,910,000 $313,467 $7,197 6.27%
    $400k-600k 235 $113,685,000 $483,766 $8,377 6.09%
    $100k-200k 37 $6,085,000 $164,459 $3,263 6.23%
    $600k-1MM 35 $22,965,000 $656,143 $8,210 6.53%
    $100,000 or less 11 $155,000 $14,091 $463 0.73%

    2023 saw Advisa Mortgage Services Ltd. place emphasis on $200k-400k loans with 424 originations, totaling $132,910,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 254 $91,660,000 $360,866 $7,205 6.07%
    $150k-250k 240 $104,950,000 $437,292 $8,005 6.31%
    $75k-100k 130 $39,280,000 $302,154 $7,132 6.04%
    $250k+ 60 $27,350,000 $455,833 $7,972 6.40%
    $50k-75k 51 $11,565,000 $226,765 $4,987 5.82%
    $50k or less 7 $995,000 $142,143 $3,132 4.82%

    Advisa Mortgage Services Ltd. lent most frequently to those with incomes in the $100k-150k range, with 254 originations. The second most popular income band? $150k-250k, with 240 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 119 $44,135,000 $370,882 $6,351 6.24%
    20-30% 111 $39,375,000 $354,730 $6,231 6.28%
    50-60% 75 $27,995,000 $373,267 $9,122 5.65%
    49% 48 $18,940,000 $394,583 $7,783 6.27%
    39% 42 $15,280,000 $363,810 $6,795 6.26%
    42% 34 $13,610,000 $400,294 $8,529 6.05%
    40% 34 $12,810,000 $376,765 $9,768 6.12%
    41% 30 $10,460,000 $348,667 $8,113 6.19%
    44% 30 $11,340,000 $378,000 $6,850 6.13%
    45% 30 $10,270,000 $342,333 $5,818 6.06%
    47% 30 $11,280,000 $376,000 $8,882 6.32%
    46% 27 $10,225,000 $378,704 $8,150 5.98%
    48% 25 $8,445,000 $337,800 $7,073 5.88%
    43% 25 $9,835,000 $393,400 $9,711 6.34%
    38% 22 $9,340,000 $424,545 $5,717 6.13%
    36% 21 $9,325,000 $444,048 $7,269 6.17%
    <20% 18 $5,510,000 $306,111 $4,230 6.37%
    37% 17 $6,095,000 $358,529 $7,167 6.13%
    >60% 4 $1,530,000 $382,500 $3,061 6.34%

    Advisa Mortgage Services Ltd. lent most frequently to those with DTI ratios of 30-36%, with 119 originations. The next most common DTI ratio? 20-30%, with 111 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 355 $123,815,000 $348,775 $7,663 6.04%
    Asian 155 $66,875,000 $431,452 $5,595 6.29%
    Not provided 114 $41,280,000 $362,105 $6,831 6.17%
    Black 101 $37,135,000 $367,673 $9,175 6.14%
    American Indian 7 $2,885,000 $412,143 $6,684 6.18%
    Asian Indian 6 $2,370,000 $395,000 $6,060 6.75%
    Filipino 3 $1,055,000 $351,667 $15,151 7.04%
    Vietnamese 1 $385,000 $385,000 $9,350 7.75%

    Approval Rates

    Total approvals of all applications
    99.79%

    Advisa Mortgage Services Ltd. 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
    74.12%

    Advisa Mortgage Services Ltd. has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 742 $275,800,000 $371,698

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    742 $275,800,000 $371,698

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 19 $3,115,000 $163,947 $2,422 6.41%
    40-60% 32 $7,720,000 $241,250 $4,810 6.19%
    60-80% 144 $50,720,000 $352,222 $5,632 6.37%
    80-100% 520 $206,710,000 $397,519 $7,941 6.18%
    Over 100% 16 $7,380,000 $461,250 $17,981 6.03%
    Under 20% 11 $155,000 $14,091 $463 0.73%