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 markets by origination volume include: Austin, Houston, and Dallas 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 an above 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.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.50% 11/21/24
    30 Year Conventional Refi 5.42% 11/21/24
    30 Year Cash-out Refi 6.93% 11/21/24
    30 Year FHA Purchase 7.14% 11/21/24
    30 Year VA Purchase 5.96% 11/21/24
    15 Year Conventional Purchase 6.04% 11/21/24
    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

    1,204

    Origination Dollar Volume (All Markets)

    $335,390,000
    Show all (6) 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) 625 $183,815,000 $294,104 $4,200 3.18%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 576 $150,610,000 $261,476 $4,297 3.14%
    Outside of Metro Areas 2 $490,000 $245,000 $6,114 3.31%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $475,000 $475,000 $7,422 3.13%
    Advisa Mortgage Services Ltd.'s top markets include Austin, Houston, and Dallas 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.

    United Heritage Credit Union
    Similarity Rank: 657
    AAXY L.L.C.
    Similarity Rank: 927
    WESTSTAR MORTGAGE CORPORATION
    Similarity Rank: 1265
    TEXANS
    Similarity Rank: 1368
    CADENCE LENDING GROUP, INC.
    Similarity Rank: 1480
    CAPITAL PLUS FINANCIAL, LLC
    Similarity Rank: 1508
    MEMBERS CHOICE Credit Union
    Similarity Rank: 1824
    SMART CHOICE MORTGAGE, A TEXAS LIMITED LIABILITY C
    Similarity Rank: 1832
    Shea Mortgage Inc.
    Similarity Rank: 1848
    ASSOCIATED CREDIT UNION OF TEXAS
    Similarity Rank: 1895

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 787 $217,515,000 $276,385 $2,933 3.17%
    FHA 267 $71,495,000 $267,772 $7,153 3.25%
    VA 115 $36,915,000 $321,000 $6,493 2.96%
    USDA 35 $9,465,000 $270,429 $4,423 2.90%

    For 2020, Advisa Mortgage Services Ltd.'s most frequently originated type of loan was Conventional, with 787 originations. Their 2nd most popular type was FHA, with 267 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,203 $335,145,000 $278,591 $4,251 3.16%
    Cash Out Refi 1 $245,000 $245,000 $5,255 3.50%

    For 2020, Advisa Mortgage Services Ltd.'s most frequently cited loan purpose was Home Purchase, with 1,203 originations. The 2nd most popular reason was Cash Out Refi, with 1 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,143 $321,175,000 $280,993 $4,329 3.17%
    15 Year 45 $10,445,000 $232,111 $2,793 2.83%
    20 Year 10 $2,640,000 $264,000 $3,044 3.38%
    10 Year 4 $740,000 $185,000 $3,715 2.97%
    Other 2 $390,000 $195,000 $442 2.50%

    For 2020, Advisa Mortgage Services Ltd.'s most frequently cited loan duration was 30 Year, with 1,143 originations. The 2nd most popular length was 15 Year, with 45 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 712 $198,370,000 $278,610
    $1k-2k 116 $32,050,000 $276,293
    $2k-3k 89 $24,535,000 $275,674
    $3k-4k 63 $18,345,000 $291,190
    $4k-5k 28 $8,600,000 $307,143
    $5k+ 26 $8,400,000 $323,077

    Advisa Mortgage Services Ltd.'s average total fees were $4,329, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 712 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 544 $153,410,000 $282,004
    3-4% 544 $150,990,000 $277,555
    <2.5% 59 $16,865,000 $285,847
    4-5% 56 $13,880,000 $247,857
    5-6% 1 $245,000 $245,000

    During 2020, Advisa Mortgage Services Ltd.'s average interest rate for loans was 3.17%, while their most frequently originated rate bucket for loans was 2.5-3%, with 544 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 992 $278,530,000 $280,776 $4,428 3.17%
    $100k-200k 123 $20,965,000 $170,447 $2,521 3.23%
    $400k-600k 80 $35,190,000 $439,875 $5,074 3.02%
    $100,000 or less 9 $705,000 $78,333 $1,208 3.07%

    2020 saw Advisa Mortgage Services Ltd. place emphasis on $200k-400k loans with 992 originations, totaling $278,530,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 384 $116,250,000 $302,734 $4,413 3.18%
    $75k-100k 299 $80,365,000 $268,779 $4,306 3.18%
    $50k-75k 267 $63,935,000 $239,457 $4,072 3.11%
    $150k-250k 170 $55,770,000 $328,059 $4,269 3.17%
    $250k+ 43 $11,355,000 $264,070 $4,121 3.33%
    $50k or less 41 $7,715,000 $188,171 $3,595 3.01%

    Advisa Mortgage Services Ltd. lent most frequently to those with incomes in the $100k-150k range, with 384 originations. The second most popular income band? $75k-100k, with 299 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 182 $51,360,000 $282,198 $3,596 3.17%
    20-30% 176 $48,930,000 $278,011 $3,440 3.11%
    50-60% 135 $38,355,000 $284,111 $7,265 3.18%
    43% 66 $19,240,000 $291,515 $4,403 3.18%
    49% 62 $17,470,000 $281,774 $3,965 3.13%
    44% 60 $16,110,000 $268,500 $3,658 3.22%
    39% 57 $16,445,000 $288,509 $4,181 3.10%
    40% 53 $14,765,000 $278,585 $3,646 3.16%
    41% 51 $12,955,000 $254,020 $3,801 3.12%
    45% 50 $13,740,000 $274,800 $4,494 3.42%
    42% 46 $13,450,000 $292,391 $4,500 3.17%
    <20% 42 $10,720,000 $255,238 $3,449 3.05%
    38% 41 $11,815,000 $288,171 $4,182 3.10%
    46% 39 $11,015,000 $282,436 $3,908 3.21%
    37% 38 $9,780,000 $257,368 $3,660 3.18%
    48% 35 $8,755,000 $250,143 $3,924 3.19%
    36% 34 $9,900,000 $291,176 $3,512 3.15%
    47% 32 $8,780,000 $274,375 $4,805 3.10%
    >60% 5 $1,805,000 $361,000 $9,539 2.98%

    Advisa Mortgage Services Ltd. lent most frequently to those with DTI ratios of 30-36%, with 182 originations. The next most common DTI ratio? 20-30%, with 176 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 613 $167,835,000 $273,793 $4,177 3.16%
    Not provided 318 $87,670,000 $275,692 $4,437 3.16%
    Black 137 $39,625,000 $289,234 $5,082 3.15%
    Asian 119 $34,705,000 $291,639 $3,188 3.17%
    American Indian 7 $2,505,000 $357,857 $6,293 2.98%
    Asian Indian 6 $1,800,000 $300,000 $2,495 3.60%
    Native Hawaiian or Islander 2 $670,000 $335,000 $3,557 3.06%
    Samoan 1 $295,000 $295,000 $5,646 3.38%
    Korean 1 $285,000 $285,000 $739 2.75%

    Approval Rates

    Total approvals of all applications
    97.86%

    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
    90.78%

    Advisa Mortgage Services Ltd. has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,204 $335,390,000 $278,563

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 1,204 $335,390,000 $278,563

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 14 $1,470,000 $105,000 $1,465 2.91%
    40-60% 43 $7,675,000 $178,488 $1,987 2.90%
    60-80% 188 $47,500,000 $252,660 $3,289 3.22%
    80-100% 913 $265,515,000 $290,816 $4,338 3.17%
    Over 100% 44 $13,120,000 $298,182 $9,846 3.02%
    Under 20% 2 $110,000 $55,000 $1,018 2.81%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    ADVISORS MORTGAGE GROUP, LLC FHA mortgage Applying for a mortgage or refinancing an existing mortgage 1 50.0%
    ADVISORS MORTGAGE GROUP, LLC Reverse mortgage Applying for a mortgage or refinancing an existing mortgage 1 50.0%