Advisa Mortgage Services Ltd. Rates, Fees & InfoHOUSTON, TX
Tax ID: 27-2114578
Latest/2021 | 2020 Data | 2019 Data | 2018 Data
Review & OverviewAdvisa Mortgage Services Ltd. is a smaller mortgage company specializing in loans. Advisa Mortgage Services Ltd. has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Austin, Houston, Dallas, San Antonio, and College Station 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 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.
|Simulated Rate||Simulation Date|
|30 Year Conventional Purchase||6.61%||3/19/23|
|30 Year Conventional Refi||6.52%||3/19/23|
|30 Year Cash-out Refi||6.80%||3/19/23|
|30 Year FHA Purchase||7.56%||3/19/23|
|30 Year FHA Refi||6.27%||3/19/23|
|30 Year VA Purchase||6.36%||3/19/23|
|30 Year USDA Purchase||6.91%||3/19/23|
|15 Year Conventional Purchase||5.89%||3/19/23|
|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.|
Origination Dollar Volume (All Markets)$405,295,000
Advisa Mortgage Services Ltd.'s average 30 year fixed mortgage rate was
The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.
This yields a difference of 0.1%.
Relative Fees (Closing Costs)
Advisa Mortgage Services Ltd.'s average total fees/closing costs for a 30 year fixed rate
mortgage were $4,760.
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 $4,750.
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)||697||$248,075,000||$355,918||$3,882||3.28%|
|HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA)||523||$156,325,000||$298,901||$5,653||3.13%|
|Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA)||1||$355,000||$355,000||$3,759||3.50%|
|SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA)||1||$325,000||$325,000||$5,201||3.00%|
|COLLEGE STATION-BRYAN, TX (FHA|USDA|VA)||1||$215,000||$215,000||$5,036||2.50%|
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.
Similarity Rank: 405
Similarity Rank: 560
Similarity Rank: 588
Similarity Rank: 636
Similarity Rank: 1104
Similarity Rank: 1320
Similarity Rank: 1616
Similarity Rank: 2076
Similarity Rank: 2091
Similarity Rank: 2450
|Loan Type||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
For 2021, Advisa Mortgage Services Ltd.'s most frequently originated type of loan was Conventional, with 925 originations. Their 2nd most popular type was FHA, with 183 originations.
|Loan Reason||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
|Cash Out Refi||4||$1,460,000||$365,000||$6,263||3.50%|
For 2021, Advisa Mortgage Services Ltd.'s most frequently cited loan purpose was Home Purchase, with 1,215 originations. The 2nd most popular reason was Refi, with 4 originations.
For 2021, Advisa Mortgage Services Ltd.'s most frequently cited loan duration was 30 Year, with 1,155 originations. The 2nd most popular length was 15 Year, with 54 originations.
Origination Fees/Closing Costs
Advisa Mortgage Services Ltd.'s average total fees were $4,760, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 746 originations.
|Loan Rate||Originations||Total Value||Average Loan|
During 2021, Advisa Mortgage Services Ltd.'s average interest rate for loans was 3.25%, while their most frequently originated rate bucket for loans was 3-4%, with 818 originations.
2021 saw Advisa Mortgage Services Ltd. place emphasis on $200k-400k loans with 880 originations, totaling $266,460,000 in origination value.
Advisa Mortgage Services Ltd. lent most frequently to those with incomes in the $100k-150k range, with 456 originations. The second most popular income band? $75k-100k, with 298 originations.
Applicant Debt to Income Ratio
Advisa Mortgage Services Ltd. lent most frequently to those with DTI ratios of 30-36%, with 235 originations. The next most common DTI ratio? 20-30%, with 204 originations.
Approval RatesTotal approvals of all applications
Advisa Mortgage Services Ltd. has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick RateApprovals leading to origination
Advisa Mortgage Services Ltd. has a below average pick rate.
Points and Fees
|Points||Originations||Total Value||Average Loan|
|Bank Name||Product||Issue||2021 CPFB Complaints||% of Total Issues|
|ADVISORS MORTGAGE GROUP, LLC||Conventional home mortgage||Trouble during payment process||1||50.0%|
|ADVISORS MORTGAGE GROUP, LLC||Reverse mortgage||Applying for a mortgage or refinancing an existing mortgage||1||50.0%|