Is Home Financing Unlimited, Inc. Dba Mission Mortgage Of Texas, Inc An Expensive Mortgage Lender?

We compare mortgage interest rate and loan related closing costs at Home Financing Unlimited, Inc. Dba Mission Mortgage Of Texas, Inc with other lenders for mortgages with similar borrower characteristics:

Interest Rate: similar to average (-0.04%)
Loan Related Closing Costs: similar to average (-$62)
Assessment: this lender tends to be a average cost lender.

This scoreboard is based on data reported to FFIEC. In the data, Home Financing Unlimited, Inc. Dba Mission Mortgage Of Texas, Inc originated 517 mortgages, a national market share of 0.0%. It was primarily active in TX, with a 0.1% market share.

On average, Home Financing Unlimited, Inc. Dba Mission Mortgage Of Texas, Inc’s interest rates were similar to those of comparable mortgages at other lenders (-0.04%).1The comparable mortgages control for Home Financing Unlimited, Inc. Dba Mission Mortgage Of Texas, Inc’s distribution of loan term (e.g. 30 year vs 15 year), loan-to-value (LTV), debt-to-income (DTI), loan amount, loan program (e.g. Conforming/FHA), loan purpose (e.g. purchase/refinance), and county. Interest rate and loan related closing costs are estimated based on fixed rate mortgages only, whereas market shares include all purchase or refinance mortgages. Its average total loan related closing cost was $5489, which was similar to those of comparable mortgages at $5552, with a difference of -$62. Overall, we estimate that Home Financing Unlimited, Inc. Dba Mission Mortgage Of Texas, Inc tends to be an average cost lender, with a cost-adjusted-rate difference of -0.04% compared to comparable mortgages at other lenders.2Cost adjusted rates were computed based on each percent of the loan amount in loan related closing costs being worth 1/6 of a percentage point in interest rate. Nevertheless, we recommend comparing your rate and fees with at least a few other lenders before signing with Home Financing Unlimited, Inc. Dba Mission Mortgage Of Texas, Inc.

Home Financing Unlimited, Inc. Dba Mission Mortgage Of Texas, Inc originated Conforming and FHA mortgages for new home purchases. It also originated Conforming mortgages for refinances. We breakdown its interest rate and total loan related closing cost on by each of the mortgage types it originated below:

Home Purchase Mortgages from Home Financing Unlimited, Inc. Dba Mission Mortgage Of Texas, Inc compared to other lenders

Conforming FHA
Interest Rate Difference -0.01% -0.18%
Loan related Closing Cost Difference -$109 +$130
Cost Adjusted Rate Difference -0.02% -0.18%

Based on the table above, Home Financing Unlimited, Inc. Dba Mission Mortgage Of Texas, Inc is cheap for FHA purchase mortgages. It is similar to other lenders for Conforming purchase mortgages.

Mortgage Refinancing from Home Financing Unlimited, Inc. Dba Mission Mortgage Of Texas, Inc compared to other lenders

Conforming
Interest Rate Difference -0.02%
Loan Related Closing Cost Difference +$16
Cost Adjusted Rate Difference -0.02%

Based on the table above, Home Financing Unlimited, Inc. Dba Mission Mortgage Of Texas, Inc is similar to other lenders for Conforming mortgage refinance.

Other information about Home Financing Unlimited, Inc. Dba Mission Mortgage Of Texas, Inc:

Regulator: United States Department of Housing and Urban Development (HUD) 
Registered city and state: AUSTIN, TX, 78746

Footnotes   [ + ]

1. The comparable mortgages control for Home Financing Unlimited, Inc. Dba Mission Mortgage Of Texas, Inc’s distribution of loan term (e.g. 30 year vs 15 year), loan-to-value (LTV), debt-to-income (DTI), loan amount, loan program (e.g. Conforming/FHA), loan purpose (e.g. purchase/refinance), and county. Interest rate and loan related closing costs are estimated based on fixed rate mortgages only, whereas market shares include all purchase or refinance mortgages.
2. Cost adjusted rates were computed based on each percent of the loan amount in loan related closing costs being worth 1/6 of a percentage point in interest rate.

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