Advisa Mortgage Services Ltd. Rates, Fees & Info

HOUSTON, TX

LEI: 549300V6F7N9BL5STN83

Tax ID: 27-2114578

4.1 stars - Updated: 9/25/23 - out of 5 stars, based on 30 reviews

Latest/2022 | 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 an average proportion of FHA loans. Their top markets by origination volume include: Austin, Houston, College Station, and San Antonio among others. We have data for 4 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.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.50% 9/25/23
    30 Year Conventional Refi 5.42% 9/25/23
    30 Year Cash-out Refi 6.93% 9/25/23
    30 Year FHA Purchase 7.14% 9/25/23
    30 Year VA Purchase 5.96% 9/25/23
    15 Year Conventional Purchase 6.04% 9/25/23
    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.

    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

    906

    Origination Dollar Volume (All Markets)

    $381,270,000

    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 4.97%.

    The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

    This yields a difference of 0.21%.

    Relative Fees (Closing Costs)

    Advisa Mortgage Services Ltd.'s average total fees/closing costs for a 30 year fixed rate mortgage were $6,776.

    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) 574 $269,090,000 $468,798 $5,632 4.92%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 328 $110,470,000 $336,799 $8,413 4.90%
    COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 3 $1,475,000 $491,667 $13,395 6.63%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $235,000 $235,000 $10,658 5.75%
    Advisa Mortgage Services Ltd.'s top markets include Austin, Houston, College Station, and San Antonio 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.

    U S WIDE FINANCIAL LLC
    Similarity Rank: 336
    WESTSTAR MORTGAGE CORPORATION
    Similarity Rank: 385
    AMOCO
    Similarity Rank: 810
    SCHLUMBERGER EMPLOYEES CREDIT UNION
    Similarity Rank: 960
    PRIMEWAY
    Similarity Rank: 1050
    CAPITAL PLUS FINANCIAL, LLC
    Similarity Rank: 1104
    Credence Funding Corporation
    Similarity Rank: 1264
    TEXAS BAY
    Similarity Rank: 1557
    TEXANS
    Similarity Rank: 1845
    COMMUNITY RESOURCE CREDIT UNION
    Similarity Rank: 1902

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 738 $311,450,000 $422,019 $5,350 4.95%
    FHA 86 $32,650,000 $379,651 $12,699 5.07%
    VA 82 $37,170,000 $453,293 $12,235 4.54%

    For 2022, Advisa Mortgage Services Ltd.'s most frequently originated type of loan was Conventional, with 738 originations. Their 2nd most popular type was FHA, with 86 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 903 $380,225,000 $421,069 $6,672 4.92%
    Refi 2 $660,000 $330,000 $2,128 3.75%
    Cash Out Refi 1 $385,000 $385,000 $14,404 5.13%

    For 2022, Advisa Mortgage Services Ltd.'s most frequently cited loan purpose was Home Purchase, with 903 originations. The 2nd most popular reason was Refi, with 2 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 860 $364,730,000 $424,105 $6,776 4.97%
    15 Year 37 $13,065,000 $353,108 $4,483 3.90%
    20 Year 9 $3,475,000 $386,111 $5,593 4.33%

    For 2022, Advisa Mortgage Services Ltd.'s most frequently cited loan duration was 30 Year, with 860 originations. The 2nd most popular length was 15 Year, with 37 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 394 $174,550,000 $443,020
    $5k+ 221 $96,585,000 $437,036
    $1k-2k 83 $32,245,000 $388,494
    $2k-3k 71 $25,455,000 $358,521
    $4k-5k 69 $25,865,000 $374,855
    $3k-4k 68 $26,570,000 $390,735

    Advisa Mortgage Services Ltd.'s average total fees were $6,776, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 394 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 334 $144,560,000 $432,814
    4-5% 321 $132,225,000 $411,916
    3-4% 147 $59,875,000 $407,313
    6-7% 80 $35,790,000 $447,375
    2.5-3% 15 $5,155,000 $343,667
    7-8% 6 $2,560,000 $426,667
    <2.5% 3 $1,105,000 $368,333

    During 2022, Advisa Mortgage Services Ltd.'s average interest rate for loans was 4.97%, while their most frequently originated rate bucket for loans was 5-6%, with 334 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 401 $130,645,000 $325,798 $6,949 4.82%
    $400k-600k 381 $187,305,000 $491,614 $6,650 4.98%
    $600k-1MM 90 $58,280,000 $647,556 $6,762 5.13%
    $100k-200k 33 $4,945,000 $149,848 $3,318 4.92%
    $100,000 or less 1 $95,000 $95,000 $5,083 4.38%

    2022 saw Advisa Mortgage Services Ltd. place emphasis on $200k-400k loans with 401 originations, totaling $130,645,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 333 $158,515,000 $476,021 $6,481 5.06%
    $100k-150k 331 $135,725,000 $410,045 $7,040 4.87%
    $75k-100k 127 $41,275,000 $325,000 $7,294 4.69%
    $250k+ 67 $33,085,000 $493,806 $5,339 5.08%
    $50k-75k 47 $12,565,000 $267,340 $5,738 4.65%
    $50k or less 1 $105,000 $105,000 $1,093 5.50%

    Advisa Mortgage Services Ltd. lent most frequently to those with incomes in the $150k-250k range, with 333 originations. The second most popular income band? $100k-150k, with 331 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 181 $74,855,000 $413,564 $5,375 4.86%
    30-36% 181 $79,845,000 $441,133 $6,261 4.95%
    39% 52 $21,300,000 $409,615 $6,169 4.91%
    50-60% 50 $20,630,000 $412,600 $11,975 4.71%
    38% 42 $18,670,000 $444,524 $6,558 5.05%
    45% 40 $16,420,000 $410,500 $6,625 4.83%
    42% 39 $16,205,000 $415,513 $6,794 4.90%
    49% 37 $15,115,000 $408,514 $6,215 4.73%
    37% 33 $15,875,000 $481,061 $8,486 4.99%
    43% 33 $13,315,000 $403,485 $7,781 5.16%
    44% 32 $13,810,000 $431,563 $6,536 5.21%
    36% 31 $13,465,000 $434,355 $7,501 5.09%
    <20% 28 $9,730,000 $347,500 $4,124 4.83%
    41% 27 $10,395,000 $385,000 $6,816 4.78%
    46% 24 $9,390,000 $391,250 $5,746 4.80%
    47% 24 $10,120,000 $421,667 $6,114 5.06%
    48% 24 $10,770,000 $448,750 $7,737 4.87%
    40% 23 $9,175,000 $398,913 $6,776 5.02%
    >60% 5 $2,185,000 $437,000 $15,636 5.53%

    Advisa Mortgage Services Ltd. lent most frequently to those with DTI ratios of 20-30%, with 181 originations. The next most common DTI ratio? 30-36%, with 181 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Asian 310 $149,470,000 $482,161 $3,769 4.93%
    White 369 $139,795,000 $378,848 $8,121 4.92%
    Not provided 123 $48,375,000 $393,293 $7,226 4.93%
    Black 79 $32,875,000 $416,139 $10,720 4.96%
    Asian Indian 8 $4,030,000 $503,750 $3,821 5.08%
    American Indian 5 $2,215,000 $443,000 $7,164 4.03%
    Filipino 3 $1,235,000 $411,667 $17,339 4.63%
    Chinese 4 $1,220,000 $305,000 $2,483 4.75%
    Vietnamese 3 $1,185,000 $395,000 $352 4.46%
    Native Hawaiian or Islander 1 $525,000 $525,000 $10,089 5.63%
    Other Asian 1 $345,000 $345,000 $3,022 5.88%

    Approval Rates

    Total approvals of all applications
    99.17%

    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
    61.92%

    Advisa Mortgage Services Ltd. has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 906 $381,270,000 $420,828

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    906 $381,270,000 $420,828

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 26 $4,150,000 $159,615 $3,388 5.19%
    40-60% 55 $15,145,000 $275,364 $5,470 4.60%
    60-80% 201 $80,295,000 $399,478 $5,625 4.75%
    80-100% 602 $271,630,000 $451,213 $6,771 5.00%
    Over 100% 21 $9,945,000 $473,571 $21,311 4.76%
    Under 20% 1 $105,000 $105,000 $336 5.63%