Directions Equity Mortgage Rates, Fees & Info

SAN ANTONIO, TX

LEI: 549300ZGTXNHL5BKQZ27

Tax ID: 26-0848316

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
  • 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

    Directions Equity is a smaller mortgage company specializing in Home Purchase loans. Directions Equity 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: San Antonio, Mcallen, Houston, Modesto, and Dallas among others. We have data for 34 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Directions Equity 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. Directions Equity 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 6.99% 12/16/24
    30 Year Conventional Refi 6.65% 12/16/24
    30 Year Cash-out Refi 7.06% 12/16/24
    30 Year FHA Purchase 7.78% 12/16/24
    30 Year FHA Refi 7.31% 12/16/24
    30 Year VA Purchase 6.45% 12/16/24
    30 Year VA Refi 6.14% 12/16/24
    30 Year USDA Purchase 7.35% 12/16/24
    15 Year Conventional Purchase 6.37% 12/16/24
    15 Year Conventional Refi 6.32% 12/16/24
    15 Year Cash-out Refi 6.32% 12/16/24
    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.

    Directions Equity Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from Directions Equity. 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

    935

    Origination Dollar Volume (All Markets)

    $264,375,000

    Awards

    DIRECTIONS EQUITY FHA Loans silver DIRECTIONS EQUITY 30 Year Conventional Loans silver
    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
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 470 $143,540,000 $305,404 $9,254 4.94%
    MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 211 $49,765,000 $235,853 $8,531 4.92%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 43 $13,185,000 $306,628 $8,467 4.67%
    MODESTO, CA (FHA|USDA|VA) 35 $11,415,000 $326,143 $7,763 5.15%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 32 $11,070,000 $345,938 $9,665 4.42%
    BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 50 $9,250,000 $185,000 $8,008 5.00%
    MIDLAND, TX (FHA|USDA|VA) 19 $4,305,000 $226,579 $7,140 6.04%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 9 $4,035,000 $448,333 $9,337 4.64%
    Outside of Metro Areas 12 $2,780,000 $231,667 $7,107 4.90%
    CORPUS CHRISTI, TX (FHA|USDA|VA) 8 $2,670,000 $333,750 $12,774 5.53%
    ODESSA, TX (FHA|USDA|VA) 9 $2,015,000 $223,889 $7,127 6.29%
    STOCKTON, CA (FHA|USDA|VA) 5 $1,735,000 $347,000 $9,372 6.03%
    Rockport, TX (FHA|USDA|VA) 2 $1,060,000 $530,000 $11,100 3.88%
    Rio Grande City-Roma, TX (FHA|USDA|VA) 4 $900,000 $225,000 $13,007 5.38%
    Andrews, TX (FHA|USDA|VA) 2 $740,000 $370,000 $12,724 5.94%
    Granbury, TX (FHA|USDA|VA) 2 $680,000 $340,000 $10,636 5.75%
    Pearsall, TX (FHA|USDA|VA) 3 $595,000 $198,333 $6,933 6.25%
    Bonham, TX (FHA|USDA|VA) 2 $460,000 $230,000 $0 5.56%
    COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 2 $390,000 $195,000 $3,840 6.06%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $385,000 $385,000 $9,219 6.88%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $385,000 $385,000 $17,703 6.13%
    BAKERSFIELD, CA (FHA|USDA|VA) 1 $355,000 $355,000 $750 6.75%
    KILLEEN-TEMPLE, TX (FHA|USDA|VA) 1 $335,000 $335,000 $16,022 5.75%
    MERCED, CA (FHA|USDA|VA) 1 $305,000 $305,000 $7,956 6.38%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $285,000 $285,000 $6,905 6.13%
    Alice, TX (FHA|USDA|VA) 1 $245,000 $245,000 $9,691 7.25%
    Fredericksburg, TX (FHA|USDA|VA) 1 $245,000 $245,000 $5,478 4.38%
    Huntsville, TX (FHA|USDA|VA) 1 $245,000 $245,000 $8,225 6.25%
    LONGVIEW, TX (FHA|USDA|VA) 1 $235,000 $235,000 $10,719 5.38%
    LAREDO, TX (FHA|USDA|VA) 1 $185,000 $185,000 $5,385 3.25%
    SHERMAN-DENISON, TX (FHA|USDA|VA) 1 $175,000 $175,000 $7,191 3.63%
    WACO, TX (FHA|USDA|VA) 1 $175,000 $175,000 $9,407 4.63%
    TEXARKANA, TX-AR (FHA|USDA|VA) 1 $115,000 $115,000 $4,300 3.50%
    Del Rio, TX (FHA|USDA|VA) 1 $115,000 $115,000 $0 5.50%
    Directions Equity's top markets include San Antonio, Mcallen, Houston, Modesto, and Dallas among others.

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

    • Similar Lenders

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

    SECURITY FIRST Federal Credit Union
    Similarity Rank: 20
    PRIMEWAY
    Similarity Rank: 249
    Generations Community Federal Credit Union
    Similarity Rank: 264
    Lone Star National Bank
    Similarity Rank: 384
    Valley First Credit Union
    Similarity Rank: 486
    AMOCO
    Similarity Rank: 510
    Texas Health Credit Union
    Similarity Rank: 552
    THE GOLDEN 1
    Similarity Rank: 680
    ASCENT HOME LENDING, LLC
    Similarity Rank: 684
    TEXAS BAY
    Similarity Rank: 957

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 571 $161,795,000 $283,354 $7,359 4.96%
    FHA 259 $62,345,000 $240,714 $9,786 5.11%
    VA 104 $39,970,000 $384,327 $12,332 4.77%
    USDA 1 $265,000 $265,000 $9,542 4.25%

    For 2022, Directions Equity's most frequently originated type of loan was Conventional, with 571 originations. Their 2nd most popular type was FHA, with 259 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 793 $228,495,000 $288,140 $9,061 5.07%
    Refi 87 $22,805,000 $262,126 $8,036 4.32%
    Cash Out Refi 55 $13,075,000 $237,727 $7,523 4.71%

    For 2022, Directions Equity's most frequently cited loan purpose was Home Purchase, with 793 originations. The 2nd most popular reason was Refi, with 87 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 885 $252,395,000 $285,192 $9,036 5.04%
    15 Year 37 $8,965,000 $242,297 $5,917 3.64%
    20 Year 9 $1,965,000 $218,333 $5,335 4.60%
    10 Year 2 $550,000 $275,000 $7,743 4.06%
    30+ year 1 $425,000 $425,000 $0 6.75%
    Other 1 $75,000 $75,000 $0 5.63%

    For 2022, Directions Equity's most frequently cited loan duration was 30 Year, with 885 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
    $5k+ 198 $74,570,000 $376,616
    $1k-2k 172 $47,680,000 $277,209
    $<1k 152 $38,710,000 $254,671
    $3k-4k 82 $21,570,000 $263,049
    $4k-5k 78 $20,030,000 $256,795
    $2k-3k 76 $17,420,000 $229,211

    Directions Equity's average total fees were $9,036, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 198 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 297 $82,385,000 $277,391
    4-5% 219 $60,315,000 $275,411
    3-4% 212 $62,530,000 $294,953
    6-7% 143 $40,645,000 $284,231
    7-8% 32 $8,850,000 $276,563
    2.5-3% 25 $8,025,000 $321,000
    <2.5% 7 $1,625,000 $232,143

    During 2022, Directions Equity's average interest rate for loans was 5.04%, while their most frequently originated rate bucket for loans was 5-6%, with 297 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 529 $149,255,000 $282,146 $8,948 5.04%
    $100k-200k 241 $38,885,000 $161,349 $6,406 4.91%
    $400k-600k 102 $48,920,000 $479,608 $11,752 4.89%
    $600k-1MM 33 $22,015,000 $667,121 $15,272 4.49%
    $100,000 or less 28 $2,200,000 $78,571 $4,378 5.21%
    $1MM+ 2 $3,100,000 $1,550,000 $38,876 5.13%

    2022 saw Directions Equity place emphasis on $200k-400k loans with 529 originations, totaling $149,255,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 225 $49,385,000 $219,489 $7,982 4.88%
    $100k-150k 197 $62,075,000 $315,102 $9,696 5.10%
    $75k-100k 185 $47,565,000 $257,108 $8,487 5.18%
    $150k-250k 153 $56,065,000 $366,438 $11,163 5.04%
    $50k or less 98 $16,970,000 $173,163 $6,550 4.72%
    $250k+ 72 $30,060,000 $417,500 $11,255 4.68%

    Directions Equity lent most frequently to those with incomes in the $50k-75k range, with 225 originations. The second most popular income band? $100k-150k, with 197 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    50-60% 150 $41,400,000 $276,000 $10,463 5.07%
    30-36% 120 $34,330,000 $286,083 $8,663 4.92%
    20-30% 92 $27,700,000 $301,087 $8,191 4.90%
    48% 63 $17,635,000 $279,921 $9,145 4.95%
    49% 57 $15,105,000 $265,000 $8,646 5.31%
    45% 51 $15,395,000 $301,863 $8,516 4.87%
    47% 47 $13,035,000 $277,340 $9,677 4.70%
    44% 42 $10,480,000 $249,524 $8,273 4.96%
    46% 39 $9,715,000 $249,103 $7,760 5.28%
    43% 38 $10,450,000 $275,000 $8,097 5.10%
    40% 33 $9,475,000 $287,121 $8,346 4.78%
    41% 32 $9,060,000 $283,125 $8,107 4.66%
    39% 32 $8,530,000 $266,563 $8,525 5.14%
    42% 30 $9,880,000 $329,333 $10,531 5.20%
    37% 29 $9,785,000 $337,414 $8,974 4.67%
    38% 29 $7,035,000 $242,586 $7,116 4.97%
    <20% 26 $6,240,000 $240,000 $5,566 5.15%
    36% 20 $6,700,000 $335,000 $9,223 5.27%
    >60% 2 $1,140,000 $570,000 $10,167 4.19%

    Directions Equity lent most frequently to those with DTI ratios of 50-60%, with 150 originations. The next most common DTI ratio? 30-36%, with 120 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 666 $181,080,000 $271,892 $8,806 5.02%
    Not provided 185 $57,115,000 $308,730 $8,663 4.78%
    Black 43 $13,595,000 $316,163 $10,741 5.33%
    Asian 30 $8,900,000 $296,667 $9,448 4.70%
    American Indian 3 $1,195,000 $398,333 $8,598 4.50%
    Native Hawaiian or Islander 5 $1,135,000 $227,000 $5,556 5.38%
    Other Asian 2 $1,020,000 $510,000 $24,528 4.50%
    Asian Indian 1 $335,000 $335,000 $0 4.38%

    Approval Rates

    Total approvals of all applications
    99.25%

    Directions Equity 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
    87.49%

    Directions Equity has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 935 $264,375,000 $282,754

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    935 $264,375,000 $282,754

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 25 $4,405,000 $176,200 $4,557 4.80%
    40-60% 53 $13,205,000 $249,151 $6,813 4.60%
    60-80% 266 $77,690,000 $292,068 $7,927 4.84%
    80-100% 556 $155,720,000 $280,072 $8,732 5.09%
    Over 100% 34 $13,270,000 $390,294 $20,083 4.94%
    Under 20% 1 $85,000 $85,000 $3,028 6.38%