Advisa Mortgage Services Ltd. Rates, Fees & Info

HOUSTON, TX

LEI: 549300V6F7N9BL5STN83

Tax ID: 27-2114578

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • 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 Home Purchase 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 two markets are Austin and Houston .

    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 a low 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 6.50% 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

    662

    Origination Dollar Volume (All Markets)

    $181,630,000

    Awards

    ADVISA MORTGAGE SERVICES LTD. 30 Year Conventional Loans gold ADVISA MORTGAGE SERVICES LTD. FHA Loans gold ADVISA MORTGAGE SERVICES LTD. 30 Year Conventional Loans gold ADVISA MORTGAGE SERVICES LTD. FHA Loans gold
    Show all (4) awards

    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) 357 $103,815,000 $290,798 $4,687 4.81%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 305 $77,815,000 $255,131 $4,294 5.01%
    Advisa Mortgage Services Ltd.'s top markets include Austin and Houston 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.

    CORNERSTONE MORTGAGE PROVIDERS
    Similarity Rank: 291
    SOUTHERN LENDING SERVICES, LTD.
    Similarity Rank: 386
    The Bank & Trust of Bryan/College Station
    Similarity Rank: 396
    American Momentum Bank
    Similarity Rank: 399
    Priority Bank
    Similarity Rank: 456
    AUSTIN TELCO Federal Credit Union
    Similarity Rank: 481
    HIGHLAND HOMELOANS, LLC
    Similarity Rank: 540
    CRESTMARK MORTGAGE COMPANY, LTD.
    Similarity Rank: 596
    CAPITAL PLUS FINANCIAL, LLC
    Similarity Rank: 729
    Guaranty Bank & Trust, N.A.
    Similarity Rank: 783

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 442 $119,200,000 $269,683 $3,299 4.87%
    FHA 151 $41,575,000 $275,331 $6,463 5.10%
    VA 63 $19,255,000 $305,635 $7,979 4.67%
    USDA 6 $1,600,000 $266,667 $4,588 4.85%

    For 2018, Advisa Mortgage Services Ltd.'s most frequently originated type of loan was Conventional, with 442 originations. Their 2nd most popular type was FHA, with 151 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 661 $181,315,000 $274,304 $4,497 4.90%
    Refi 1 $315,000 $315,000 $8,224 4.38%

    For 2018, Advisa Mortgage Services Ltd.'s most frequently cited loan purpose was Home Purchase, with 661 originations. The 2nd most popular reason was Refi, with 1 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 632 $175,170,000 $277,168 $4,603 4.92%
    15 Year 25 $5,275,000 $211,000 $2,639 4.30%
    20 Year 5 $1,185,000 $237,000 $1,289 5.03%

    For 2018, Advisa Mortgage Services Ltd.'s most frequently cited loan duration was 30 Year, with 632 originations. The 2nd most popular length was 15 Year, with 25 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 459 $124,915,000 $272,146
    $1k-2k 64 $16,540,000 $258,438
    $2k-3k 47 $12,665,000 $269,468
    $3k-4k 30 $8,010,000 $267,000
    $5k+ 27 $8,835,000 $327,222
    $4k-5k 22 $6,470,000 $294,091

    Advisa Mortgage Services Ltd.'s average total fees were $4,603, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 459 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 428 $119,640,000 $279,533
    5-6% 212 $56,350,000 $265,802
    3-4% 19 $4,905,000 $258,158
    6-7% 3 $735,000 $245,000

    During 2018, Advisa Mortgage Services Ltd.'s average interest rate for loans was 4.92%, while their most frequently originated rate bucket for loans was 4-5%, with 428 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 538 $153,560,000 $285,428 $4,711 4.92%
    $100k-200k 77 $12,765,000 $165,779 $3,089 4.88%
    $400k-600k 33 $14,215,000 $430,758 $5,889 4.78%
    $100,000 or less 14 $1,090,000 $77,857 $1,438 4.62%

    2018 saw Advisa Mortgage Services Ltd. place emphasis on $200k-400k loans with 538 originations, totaling $153,560,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 249 $71,875,000 $288,655 $4,835 4.88%
    $75k-100k 158 $40,330,000 $255,253 $4,390 4.91%
    $150k-250k 121 $38,985,000 $322,190 $4,798 4.91%
    $50k-75k 105 $23,405,000 $222,905 $3,859 4.95%
    $250k+ 16 $4,940,000 $308,750 $3,578 4.89%
    $50k or less 13 $2,095,000 $161,154 $3,253 4.73%

    Advisa Mortgage Services Ltd. lent most frequently to those with incomes in the $100k-150k range, with 249 originations. The second most popular income band? $75k-100k, with 158 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 92 $24,020,000 $261,087 $3,849 4.87%
    50-60% 78 $21,670,000 $277,821 $6,720 5.02%
    20-30% 68 $19,120,000 $281,176 $3,756 4.77%
    49% 46 $13,760,000 $299,130 $4,117 4.94%
    48% 42 $11,600,000 $276,190 $4,512 4.94%
    44% 38 $10,050,000 $264,474 $4,896 4.95%
    46% 36 $9,660,000 $268,333 $4,123 4.89%
    42% 36 $9,580,000 $266,111 $4,480 4.91%
    45% 31 $8,445,000 $272,419 $4,366 5.02%
    <20% 29 $5,835,000 $201,207 $3,180 4.83%
    41% 27 $7,475,000 $276,852 $3,762 4.95%
    38% 24 $7,430,000 $309,583 $5,290 4.84%
    47% 22 $6,200,000 $281,818 $5,904 4.83%
    43% 21 $6,135,000 $292,143 $3,013 4.96%
    39% 20 $5,650,000 $282,500 $4,062 4.92%
    37% 20 $5,540,000 $277,000 $5,591 4.73%
    36% 16 $4,970,000 $310,625 $3,332 4.86%
    40% 14 $3,800,000 $271,429 $4,249 4.99%
    >60% 2 $690,000 $345,000 $5,453 4.05%

    Advisa Mortgage Services Ltd. lent most frequently to those with DTI ratios of 30-36%, with 92 originations. The next most common DTI ratio? 50-60%, with 78 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not provided 422 $117,480,000 $278,389 $4,553 4.84%
    White 179 $46,265,000 $258,464 $4,446 5.00%
    Black 36 $10,100,000 $280,556 $4,725 5.07%
    Asian 21 $6,615,000 $315,000 $2,991 4.91%
    American Indian 2 $520,000 $260,000 $5,425 5.38%
    Other Asian 1 $345,000 $345,000 $0 4.63%
    Native Hawaiian or Islander 1 $305,000 $305,000 $8,659 5.00%

    Approval Rates

    Total approvals of all applications
    97.57%

    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
    79.46%

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

    Points and Fees

    Points Originations Total Value Average Loan
    NA 662 $181,630,000 $274,366

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 662 $181,630,000 $274,366

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 22 $2,320,000 $105,455 $1,842 4.63%
    40-60% 26 $4,100,000 $157,692 $2,312 4.70%
    60-80% 101 $26,355,000 $260,941 $3,398 4.90%
    80-100% 493 $142,925,000 $289,909 $4,702 4.93%
    Over 100% 18 $5,810,000 $322,778 $11,542 4.79%
    Under 20% 2 $120,000 $60,000 $1,356 4.44%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    ADVISORS MORTGAGE GROUP, LLC Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 33.3%
    ADVISORS MORTGAGE GROUP, LLC Conventional home mortgage Closing on a mortgage 1 33.3%
    ADVISORS MORTGAGE GROUP, LLC Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 33.3%