Is Barton Creek Lending Group An Expensive Mortgage Lender?

We compare mortgage interest rate and loan related closing costs at Barton Creek Lending Group with other lenders for mortgages with similar borrower characteristics:

Interest Rate: lower than average (-0.10%)
Loan Related Closing Costs: higher than average (+$483)
Assessment: this lender tends to be a cheap lender.

This scoreboard is based on data reported to FFIEC. In the data, Barton Creek Lending Group originated 498 mortgages, a national market share of 0.0%. It was primarily active in TX, with a 0.1% market share.

On average, Barton Creek Lending Group’s interest rates were lower than those of comparable mortgages at other lenders (-0.10%).1The comparable mortgages control for Barton Creek Lending Group’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 $5624, which was higher than those of comparable mortgages at $5141, with a difference of +$483. Overall, we estimate that Barton Creek Lending Group tends to be an cheap lender, with a cost-adjusted-rate difference of -0.07% 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 Barton Creek Lending Group.

Barton Creek Lending Group originated Conforming and VA 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 Barton Creek Lending Group compared to other lenders

Conforming VA
Interest Rate Difference -0.09% -0.07%
Loan related Closing Cost Difference +$569 +$151
Cost Adjusted Rate Difference -0.05% -0.08%

Based on the table above, Barton Creek Lending Group is cheap for Conforming and VA purchase mortgages.

Mortgage Refinancing from Barton Creek Lending Group compared to other lenders

Conforming
Interest Rate Difference -0.18%
Loan Related Closing Cost Difference +$234
Cost Adjusted Rate Difference -0.15%

Based on the table above, Barton Creek Lending Group is cheap for Conforming mortgage refinance.

Other information about Barton Creek Lending Group:

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

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Footnotes   [ + ]

1. The comparable mortgages control for Barton Creek Lending Group’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.