Crestmark Mortgage Company Ltd. Rates, Fees & Info

HOUSTON, TX

LEI: 549300Z4DV0VEDFHP667

Tax ID: 20-8693961

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

    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, Dallas, San Antonio, Austin, and Sherman among others. We have data for 11 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.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.37% 4/21/24
    30 Year Conventional Refi 6.57% 4/21/24
    30 Year Cash-out Refi 7.08% 4/21/24
    30 Year FHA Purchase 6.96% 4/21/24
    30 Year VA Purchase 5.65% 4/21/24
    15 Year Conventional Purchase 5.63% 4/21/24
    15 Year Conventional Refi 6.14% 4/21/24
    15 Year Cash-out Refi 6.14% 4/21/24
    15 Year VA Purchase 5.68% 4/21/24
    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.

    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

    1,738

    Origination Dollar Volume (All Markets)

    $677,240,000

    Awards

    CRESTMARK MORTGAGE COMPANY LTD. 30 Year Conventional Loans bronze CRESTMARK MORTGAGE COMPANY LTD. 30 Year Conventional Loans bronze
    Show all (2) 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
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 803 $296,165,000 $368,823 $9,870 2.94%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 379 $156,105,000 $411,887 $10,498 2.92%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 324 $127,380,000 $393,148 $9,897 2.94%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 218 $92,390,000 $423,807 $11,084 3.04%
    SHERMAN-DENISON, TX (FHA|USDA|VA) 7 $2,995,000 $427,857 $10,805 2.95%
    CORPUS CHRISTI, TX (FHA|USDA|VA) 2 $620,000 $310,000 $6,652 2.94%
    BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 1 $535,000 $535,000 $18,732 2.38%
    Athens, TX (FHA|USDA|VA) 1 $425,000 $425,000 $9,817 3.25%
    BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 1 $245,000 $245,000 $11,506 3.25%
    COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 1 $215,000 $215,000 $5,228 3.50%
    Outside of Metro Areas 1 $165,000 $165,000 $0 3.63%
    Crestmark Mortgage Company Ltd.'s top markets include Houston, Dallas, San Antonio, 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.

    AMOCO
    Similarity Rank: 405
    United Heritage Credit Union
    Similarity Rank: 636
    Generations Community Federal Credit Union
    Similarity Rank: 704
    SCHLUMBERGER EMPLOYEES CREDIT UNION
    Similarity Rank: 1320
    U S WIDE FINANCIAL LLC
    Similarity Rank: 1512
    WESTSTAR MORTGAGE CORPORATION
    Similarity Rank: 1968
    TEXAS BAY
    Similarity Rank: 2076
    DATCU
    Similarity Rank: 2220
    UNION SQUARE
    Similarity Rank: 2220
    PRIMEWAY
    Similarity Rank: 2450

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,368 $520,300,000 $380,336 $9,991 2.96%
    VA 238 $110,590,000 $464,664 $8,308 2.82%
    FHA 132 $46,350,000 $351,136 $15,357 3.10%

    For 2021, Crestmark Mortgage Company Ltd.'s most frequently originated type of loan was Conventional, with 1,368 originations. Their 2nd most popular type was VA, with 238 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,655 $652,985,000 $394,553 $10,323 2.95%
    Refi 62 $17,280,000 $278,710 $6,622 2.88%
    Cash Out Refi 20 $6,550,000 $327,500 $8,025 3.48%
    Other 1 $425,000 $425,000 $9,817 3.25%

    For 2021, Crestmark Mortgage Company Ltd.'s most frequently cited loan purpose was Home Purchase, with 1,655 originations. The 2nd most popular reason was Refi, with 62 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,575 $626,135,000 $397,546 $10,374 3.00%
    15 Year 132 $40,050,000 $303,409 $7,869 2.38%
    20 Year 23 $8,555,000 $371,957 $10,356 2.79%
    Other 6 $1,790,000 $298,333 $7,269 3.29%
    10 Year 2 $710,000 $355,000 $7,137 2.56%

    For 2021, Crestmark Mortgage Company Ltd.'s most frequently cited loan duration was 30 Year, with 1,575 originations. The 2nd most popular length was 15 Year, with 132 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 931 $405,945,000 $436,031
    $4k-5k 346 $112,000,000 $323,699
    $<1k 220 $84,550,000 $384,318
    $3k-4k 117 $30,195,000 $258,077
    $1k-2k 65 $25,435,000 $391,308
    $2k-3k 33 $12,205,000 $369,848

    Crestmark Mortgage Company Ltd.'s average total fees were $10,374, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 931 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 774 $301,330,000 $389,315
    3-4% 699 $278,495,000 $398,419
    <2.5% 252 $93,330,000 $370,357
    4-5% 13 $4,085,000 $314,231

    During 2021, Crestmark Mortgage Company Ltd.'s average interest rate for loans was 3.00%, while their most frequently originated rate bucket for loans was 2.5-3%, with 774 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 886 $290,480,000 $327,856 $9,434 2.93%
    $400k-600k 718 $338,190,000 $471,017 $11,417 2.95%
    $100k-200k 72 $11,040,000 $153,333 $4,051 3.06%
    $600k-1MM 54 $35,920,000 $665,185 $13,552 3.08%
    $100,000 or less 7 $605,000 $86,429 $2,070 3.30%
    $1MM+ 1 $1,005,000 $1,005,000 $19,847 3.38%

    2021 saw Crestmark Mortgage Company Ltd. place emphasis on $200k-400k loans with 886 originations, totaling $290,480,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 644 $248,530,000 $385,916 $9,992 2.92%
    $150k-250k 524 $226,130,000 $431,546 $10,921 2.95%
    $75k-100k 295 $101,665,000 $344,627 $9,734 2.98%
    $250k+ 147 $65,235,000 $443,776 $11,266 2.99%
    $50k-75k 119 $33,705,000 $283,235 $7,896 2.94%
    $50k or less 9 $1,975,000 $219,444 $6,381 3.13%

    Crestmark Mortgage Company Ltd. lent most frequently to those with incomes in the $100k-150k range, with 644 originations. The second most popular income band? $150k-250k, with 524 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 329 $122,145,000 $371,261 $9,793 2.90%
    30-36% 294 $116,640,000 $396,735 $10,296 2.91%
    50-60% 122 $50,660,000 $415,246 $11,195 2.96%
    44% 85 $33,435,000 $393,353 $9,766 2.98%
    42% 81 $31,555,000 $389,568 $9,890 2.95%
    43% 79 $31,205,000 $395,000 $10,253 3.06%
    49% 73 $28,955,000 $396,644 $10,890 3.00%
    40% 72 $28,610,000 $397,361 $9,666 2.94%
    <20% 71 $24,405,000 $343,732 $8,651 2.83%
    39% 71 $27,875,000 $392,606 $10,239 2.97%
    41% 69 $27,195,000 $394,130 $10,655 3.07%
    48% 66 $25,980,000 $393,636 $10,441 3.10%
    36% 61 $22,785,000 $373,525 $10,413 2.92%
    38% 60 $24,030,000 $400,500 $9,916 3.00%
    45% 57 $22,905,000 $401,842 $10,261 2.93%
    37% 51 $21,095,000 $413,627 $10,260 2.93%
    47% 44 $17,080,000 $388,182 $10,395 2.99%
    46% 43 $16,495,000 $383,605 $10,579 2.94%
    >60% 10 $4,190,000 $419,000 $11,017 2.96%

    Crestmark Mortgage Company Ltd. lent most frequently to those with DTI ratios of 20-30%, with 329 originations. The next most common DTI ratio? 30-36%, with 294 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 865 $327,715,000 $378,861 $10,039 2.94%
    Black 245 $101,565,000 $414,551 $10,442 3.02%
    Not provided 241 $94,855,000 $393,589 $10,113 2.98%
    Asian 224 $88,110,000 $393,348 $10,370 2.91%
    American Indian 73 $27,765,000 $380,342 $9,915 2.87%
    Asian Indian 55 $23,585,000 $428,818 $11,088 2.90%
    Other Asian 14 $5,490,000 $392,143 $9,438 2.94%
    Filipino 9 $3,785,000 $420,556 $10,228 3.06%
    Chinese 4 $1,540,000 $385,000 $10,826 2.66%
    Vietnamese 2 $1,000,000 $500,000 $12,294 2.75%
    Other Pacific Islander 3 $915,000 $305,000 $8,764 2.71%
    Native Hawaiian or Islander 1 $455,000 $455,000 $11,085 3.13%
    Korean 1 $305,000 $305,000 $8,519 2.88%
    Japanese 1 $155,000 $155,000 $1,960 2.75%

    Approval Rates

    Total approvals of all applications
    98.31%

    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
    66.51%

    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 1,738 $677,240,000 $389,666

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,738 $677,240,000 $389,666

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 53 $9,045,000 $170,660 $4,226 2.80%
    40-60% 127 $34,635,000 $272,717 $7,363 2.80%
    60-80% 485 $183,365,000 $378,072 $10,108 2.94%
    80-100% 1,030 $430,990,000 $418,437 $10,537 2.98%
    Over 100% 39 $18,785,000 $481,667 $19,150 2.90%
    Under 20% 4 $420,000 $105,000 $1,938 2.94%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    Christensen Financial, Inc. Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 100.0%