Crestmark Mortgage Company Ltd. Rates, Fees & Info

HOUSTON, TX

LEI: 549300Z4DV0VEDFHP667

Tax ID: 20-8693961

1 stars - out of 5 stars, based on 35 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

    Crestmark Mortgage Company Ltd. is a smaller mortgage company specializing in Home Purchase loans. Crestmark Mortgage Company Ltd. has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Houston, San Antonio, Dallas, Austin, and Sherman among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Crestmark Mortgage Company 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. Crestmark Mortgage Company Ltd. is typically a high 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 6.37% 5/27/23
    30 Year Conventional Refi 6.57% 5/27/23
    30 Year Cash-out Refi 7.08% 5/27/23
    30 Year FHA Purchase 6.96% 5/27/23
    30 Year VA Purchase 5.65% 5/27/23
    15 Year Conventional Purchase 5.63% 5/27/23
    15 Year Conventional Refi 6.14% 5/27/23
    15 Year Cash-out Refi 6.14% 5/27/23
    15 Year VA Purchase 5.68% 5/27/23
    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.

    Crestmark Mortgage Company Ltd. Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Crestmark Mortgage Company 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

    1,233

    Origination Dollar Volume (All Markets)

    $580,815,000

    Awards

    CRESTMARK MORTGAGE COMPANY LTD. 30 Year Conventional Loans bronze CRESTMARK MORTGAGE COMPANY LTD. 30 Year Conventional Loans bronze
    Show all (2) awards

    Relative Rate

    Crestmark Mortgage Company Ltd.'s average 30 year fixed mortgage rate was 5%.

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

    This yields a difference of 0.24%.

    Relative Fees (Closing Costs)

    Crestmark Mortgage Company Ltd.'s average total fees/closing costs for a 30 year fixed rate mortgage were $11,486.

    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
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 483 $212,085,000 $439,099 $10,211 4.96%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 327 $153,345,000 $468,945 $11,430 4.88%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 245 $123,975,000 $506,020 $11,338 4.83%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 157 $80,155,000 $510,541 $13,546 5.16%
    SHERMAN-DENISON, TX (FHA|USDA|VA) 19 $10,285,000 $541,316 $12,744 5.36%
    KILLEEN-TEMPLE, TX (FHA|USDA|VA) 1 $635,000 $635,000 $15,134 5.88%
    Lufkin, TX (FHA|USDA|VA) 1 $335,000 $335,000 $637 2.33%
    Crestmark Mortgage Company Ltd.'s top markets include Houston, San Antonio, Dallas, Austin, and Sherman among others.

    Their top states include:
  • Texas (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against CRESTMARK MORTGAGE COMPANY LTD. based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    ALL WESTERN MORTGAGE, INC.
    Similarity Rank: 546
    Generations Community Federal Credit Union
    Similarity Rank: 704
    AMOCO
    Similarity Rank: 810
    U S WIDE FINANCIAL LLC
    Similarity Rank: 864
    SCHLUMBERGER EMPLOYEES CREDIT UNION
    Similarity Rank: 960
    PRIMEWAY
    Similarity Rank: 1050
    WESTSTAR MORTGAGE CORPORATION
    Similarity Rank: 1353
    TEXAS BAY
    Similarity Rank: 1557
    DATCU
    Similarity Rank: 1665
    COMMUNITY RESOURCE CREDIT UNION
    Similarity Rank: 1902

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 912 $416,150,000 $456,305 $11,046 4.99%
    VA 240 $132,590,000 $552,458 $10,669 4.69%
    FHA 81 $32,075,000 $395,988 $14,811 5.11%

    For 2022, Crestmark Mortgage Company Ltd.'s most frequently originated type of loan was Conventional, with 912 originations. Their 2nd most popular type was VA, with 240 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,227 $578,795,000 $471,716 $11,238 4.94%
    Refi 3 $755,000 $251,667 $7,523 4.54%
    Cash Out Refi 2 $980,000 $490,000 $7,264 5.63%
    Other 1 $285,000 $285,000 $8,262 4.25%

    For 2022, Crestmark Mortgage Company Ltd.'s most frequently cited loan purpose was Home Purchase, with 1,227 originations. The 2nd most popular reason was Refi, with 3 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,154 $555,620,000 $481,473 $11,486 5.00%
    15 Year 63 $19,935,000 $316,429 $7,098 4.16%
    20 Year 12 $4,520,000 $376,667 $8,416 4.38%
    10 Year 2 $430,000 $215,000 $7,771 2.44%
    3 Year 1 $15,000 $15,000 $0 0.00%
    Other 1 $295,000 $295,000 $13,420 4.25%

    For 2022, Crestmark Mortgage Company Ltd.'s most frequently cited loan duration was 30 Year, with 1,154 originations. The 2nd most popular length was 15 Year, with 63 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 652 $323,890,000 $496,764
    $<1k 344 $149,260,000 $433,895
    $1k-2k 91 $44,595,000 $490,055
    $4k-5k 66 $25,240,000 $382,424
    $2k-3k 40 $19,080,000 $477,000
    $3k-4k 35 $16,745,000 $478,429

    Crestmark Mortgage Company Ltd.'s average total fees were $11,486, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 652 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 386 $186,340,000 $482,746
    4-5% 361 $170,155,000 $471,343
    3-4% 246 $107,160,000 $435,610
    6-7% 172 $83,620,000 $486,163
    2.5-3% 30 $15,740,000 $524,667
    7-8% 23 $11,895,000 $517,174
    <2.5% 15 $5,905,000 $393,667

    During 2022, Crestmark Mortgage Company Ltd.'s average interest rate for loans was 5.00%, while their most frequently originated rate bucket for loans was 5-6%, with 386 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $400k-600k 649 $321,385,000 $495,200 $11,684 4.99%
    $200k-400k 326 $107,060,000 $328,405 $8,967 4.83%
    $600k-1MM 210 $141,900,000 $675,714 $14,670 5.08%
    $100k-200k 40 $5,990,000 $149,750 $2,897 4.48%
    $100,000 or less 4 $230,000 $57,500 $817 3.28%
    $1MM+ 4 $4,250,000 $1,062,500 $31,498 4.69%

    2022 saw Crestmark Mortgage Company Ltd. place emphasis on $400k-600k loans with 649 originations, totaling $321,385,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 463 $237,535,000 $513,035 $12,604 5.07%
    $100k-150k 461 $201,265,000 $436,584 $10,292 4.83%
    $250k+ 159 $89,445,000 $562,547 $11,744 5.23%
    $75k-100k 116 $43,490,000 $374,914 $9,855 4.65%
    $50k-75k 31 $8,225,000 $265,323 $7,158 4.29%
    $50k or less 3 $855,000 $285,000 $7,841 4.54%

    Crestmark Mortgage Company Ltd. lent most frequently to those with incomes in the $150k-250k range, with 463 originations. The second most popular income band? $100k-150k, with 461 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 213 $98,805,000 $463,873 $10,672 4.95%
    20-30% 153 $65,655,000 $429,118 $10,203 4.67%
    50-60% 117 $59,775,000 $510,897 $12,238 5.08%
    44% 74 $32,610,000 $440,676 $9,632 5.03%
    42% 59 $28,885,000 $489,576 $12,507 4.78%
    49% 57 $26,685,000 $468,158 $11,135 5.09%
    43% 55 $26,485,000 $481,545 $12,566 5.06%
    45% 53 $25,425,000 $479,717 $11,446 5.18%
    46% 52 $24,130,000 $464,038 $11,161 5.31%
    47% 51 $24,825,000 $486,765 $11,416 4.87%
    39% 50 $23,950,000 $479,000 $11,078 5.18%
    41% 49 $24,405,000 $498,061 $13,624 4.97%
    40% 46 $22,330,000 $485,435 $12,980 4.76%
    48% 43 $21,075,000 $490,116 $11,857 5.10%
    36% 42 $19,630,000 $467,381 $11,212 4.83%
    37% 41 $20,725,000 $505,488 $10,717 4.77%
    38% 34 $16,870,000 $496,176 $10,764 4.88%
    <20% 28 $10,110,000 $361,071 $7,619 4.50%
    >60% 16 $8,440,000 $527,500 $12,799 4.85%

    Crestmark Mortgage Company Ltd. lent most frequently to those with DTI ratios of 30-36%, with 213 originations. The next most common DTI ratio? 20-30%, with 153 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 554 $251,070,000 $453,195 $11,228 4.96%
    Not provided 203 $96,625,000 $475,985 $11,695 4.86%
    Black 181 $90,405,000 $499,475 $9,836 4.96%
    Asian 180 $87,940,000 $488,556 $11,636 4.98%
    Asian Indian 45 $23,085,000 $513,000 $13,058 5.06%
    American Indian 39 $17,705,000 $453,974 $10,453 4.75%
    Filipino 8 $3,980,000 $497,500 $12,113 5.53%
    Korean 7 $3,205,000 $457,857 $12,127 4.59%
    Other Asian 8 $3,090,000 $386,250 $10,266 4.22%
    Chinese 4 $1,920,000 $480,000 $16,572 4.50%
    Vietnamese 4 $1,790,000 $447,500 $10,297 4.97%

    Approval Rates

    Total approvals of all applications
    98.21%

    Crestmark Mortgage Company 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
    52.88%

    Crestmark Mortgage Company 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 1,233 $580,815,000 $471,058

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,233 $580,815,000 $471,058

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 47 $8,605,000 $183,085 $3,539 4.57%
    40-60% 94 $29,140,000 $310,000 $7,429 4.81%
    60-80% 305 $146,775,000 $481,230 $11,904 4.96%
    80-100% 741 $376,025,000 $507,456 $11,420 5.01%
    Over 100% 36 $19,180,000 $532,778 $23,891 4.52%
    Under 20% 10 $1,090,000 $109,000 $1,559 3.96%