Advisa Mortgage Services Ltd. Rates, Fees & Info

HOUSTON, TX

LEI: 549300V6F7N9BL5STN83

Tax ID: 27-2114578

4.7 stars - out of 5 stars, based on 35 reviews

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

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Mortgage Data

  • SimulatedRates™
  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • 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 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.


    SimulatedRates™

    Mortgage Type     		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.


    Originations

    1,223

    Origination Dollar Volume (All Markets)

    $405,295,000

    Awards

    ADVISA MORTGAGE SERVICES LTD. 30 Year Conventional Loans gold ADVISA MORTGAGE SERVICES LTD. 30 Year Conventional Loans silver
    Show all (2) awards

    Relative Rate

    Advisa Mortgage Services Ltd.'s average 30 year fixed mortgage rate was 3.25%.

    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.

    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) 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%
    Advisa Mortgage Services Ltd.'s top markets include Austin, Houston, Dallas, San Antonio, and College Station among others.

    Their top states include:
  • Texas (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.

    AMOCO
    Similarity Rank: 405
    WESTSTAR MORTGAGE CORPORATION
    Similarity Rank: 560
    U S WIDE FINANCIAL LLC
    Similarity Rank: 588
    United Heritage Credit Union
    Similarity Rank: 636
    CAPITAL PLUS FINANCIAL, LLC
    Similarity Rank: 1104
    SCHLUMBERGER EMPLOYEES CREDIT UNION
    Similarity Rank: 1320
    Credence Funding Corporation
    Similarity Rank: 1616
    TEXAS BAY
    Similarity Rank: 2076
    TEXANS
    Similarity Rank: 2091
    PRIMEWAY
    Similarity Rank: 2450

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 925 $307,345,000 $332,265 $3,312 3.23%
    FHA 183 $55,075,000 $300,956 $8,654 3.31%
    VA 106 $40,170,000 $378,962 $9,173 2.89%
    USDA 9 $2,705,000 $300,556 $6,217 3.08%

    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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,215 $402,625,000 $331,379 $4,639 3.21%
    Refi 4 $1,210,000 $302,500 $4,212 3.03%
    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.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,155 $386,135,000 $334,316 $4,760 3.25%
    15 Year 54 $15,250,000 $282,407 $2,412 2.61%
    20 Year 13 $3,755,000 $288,846 $3,587 2.97%
    10 Year 1 $155,000 $155,000 $3,684 2.50%

    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

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 746 $248,930,000 $333,686
    $3k-4k 118 $37,500,000 $317,797
    $2k-3k 117 $35,145,000 $300,385
    $5k+ 94 $36,970,000 $393,298
    $1k-2k 88 $25,540,000 $290,227
    $4k-5k 58 $20,350,000 $350,862

    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.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 818 $276,470,000 $337,983
    2.5-3% 320 $102,650,000 $320,781
    <2.5% 57 $17,665,000 $309,912
    4-5% 28 $8,510,000 $303,929

    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.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 880 $266,460,000 $302,795 $4,776 3.21%
    $400k-600k 272 $124,960,000 $459,412 $4,734 3.26%
    $100k-200k 60 $9,680,000 $161,333 $2,215 3.05%
    $600k-1MM 6 $3,760,000 $626,667 $8,506 3.19%
    $100,000 or less 5 $435,000 $87,000 $787 3.15%

    2021 saw Advisa Mortgage Services Ltd. place emphasis on $200k-400k loans with 880 originations, totaling $266,460,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 456 $162,540,000 $356,447 $4,632 3.23%
    $75k-100k 298 $92,700,000 $311,074 $5,208 3.19%
    $150k-250k 229 $85,065,000 $371,463 $4,382 3.29%
    $50k-75k 177 $45,955,000 $259,633 $4,462 3.11%
    $250k+ 47 $15,825,000 $336,702 $3,735 3.34%
    $50k or less 16 $3,210,000 $200,625 $2,806 3.01%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 235 $80,325,000 $341,809 $4,177 3.22%
    20-30% 204 $68,390,000 $335,245 $3,875 3.13%
    50-60% 95 $31,145,000 $327,842 $9,252 3.10%
    49% 59 $18,475,000 $313,136 $4,128 3.25%
    39% 56 $19,790,000 $353,393 $4,982 3.15%
    43% 55 $17,255,000 $313,727 $4,241 3.31%
    44% 54 $17,210,000 $318,704 $3,999 3.31%
    37% 50 $17,560,000 $351,200 $4,504 3.36%
    45% 46 $15,440,000 $335,652 $4,559 3.39%
    40% 45 $15,295,000 $339,889 $4,039 3.19%
    42% 45 $15,525,000 $345,000 $3,875 3.31%
    48% 44 $13,200,000 $300,000 $4,791 3.15%
    47% 43 $14,105,000 $328,023 $4,797 3.24%
    41% 40 $12,450,000 $311,250 $4,050 3.34%
    38% 39 $13,095,000 $335,769 $4,780 3.20%
    <20% 38 $11,010,000 $289,737 $3,742 3.17%
    46% 35 $11,335,000 $323,857 $5,506 3.21%
    36% 33 $11,145,000 $337,727 $3,741 3.21%
    >60% 7 $2,545,000 $363,571 $5,589 2.90%

    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.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 505 $160,395,000 $317,614 $5,107 3.18%
    Asian 311 $114,005,000 $366,576 $2,986 3.25%
    Not provided 218 $69,160,000 $317,248 $4,872 3.23%
    Black 152 $49,020,000 $322,500 $5,898 3.24%
    American Indian 15 $4,985,000 $332,333 $6,669 3.16%
    Asian Indian 12 $4,570,000 $380,833 $4,483 3.07%
    Filipino 4 $1,190,000 $297,500 $4,472 3.28%
    Native Hawaiian or Islander 2 $790,000 $395,000 $12,525 3.13%
    Other Asian 2 $630,000 $315,000 $2,383 3.69%
    Korean 1 $345,000 $345,000 $4,087 3.38%
    Vietnamese 1 $205,000 $205,000 $4,551 2.50%

    Approval Rates

    Total approvals of all applications
    99.48%

    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
    84.96%

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

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,223 $405,295,000 $331,394

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,223 $405,295,000 $331,394

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 18 $2,270,000 $126,111 $1,810 2.98%
    40-60% 43 $8,835,000 $205,465 $2,986 3.08%
    60-80% 238 $72,890,000 $306,261 $3,915 3.25%
    80-100% 894 $310,230,000 $347,013 $4,640 3.22%
    Over 100% 28 $10,920,000 $390,000 $15,532 2.98%
    Under 20% 2 $150,000 $75,000 $1,025 3.00%

    Complaints

    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%