What loan types does Southwest Funding offer?

Southwest Funding offers the following mortgage loan types: FHA, Conventional, VA, usda. Each product has its own pricing score and performance metrics.

Where does Southwest Funding offer mortgages?

Southwest Funding offers mortgages in 25 states: AL, AR, AZ, CO, FL, GA, IA, IL, IN, KY, LA, MI, MO, MS, MT, NE, NM, OH, OK, OR, PA, SC, TN, TX, WA.

How competitive are Southwest Funding's mortgage rates?

Southwest Funding has an overall pricing score of 10.6/100, based on analysis of their loan data including average spread and fees compared to market benchmarks.

What type of lender is Southwest Funding?

Southwest Funding is a Independent Mortgage Company headquartered in Dallas, TX.

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Southwest Funding

Independent Mortgage Company•Dallas, TXHQ•Direct•Reviews near you on Google

We analyzed every closed loan from Southwest Funding — 1.8k loans across 3k applications— and benchmarked them against peer lenders across the 5 Ps of Mortgage Shopping.

Ratings· each scored 1–5 against peer lenders

Pricing

Mediocre

1/5

vs. all lenders

Pull-through

Strong

4/5

closing strength

Product

Exceptional

5/5

FHA · Conventional · VA · USDA

Place

Sound

3/5

Near-National · 36 mkts

Awards

Superstar

Summary

What They Do Well

Strong pull through performance
Particularly strong in FHA and VA and USDA loans
Nationwide availability with consistent service

Things to Think About

Rates typically 82 basis points above market average
Higher than average fees ($4,317)

Explore another lender or local market

Report Card

Southwest Funding performance at a glance

Overall Performance· Pricing & closing strength

Pricing

Rate competitiveness

Mediocre

+81.8 bps above market avg

Pull Through

Closing strength

Strong

Top 40% of lenders

By Loan Product· Specialization by type

Conventional

Sound

Top 60% of lenders

FHA

Exceptional

Top 20% of lenders

Strong

Top 40% of lenders

USDA

Strong

Top 40% of lenders

By Loan Purpose· Transaction purpose mix

Purchase

Strong

Top 40% of lenders

Refinance

Sound

Top 60% of lenders

By Location· Geographic coverage

Geographic Reach

Near-National · 37 markets

Sound

Top 60% of lenders

Loan Product Performance

Performance by Loan Product

Loan Type	Overall	Product	Pricing	Pull Through	Volume	Mix	Spread	Fees
Conventional	Sound	Sound	Mediocre	Sound	647	35.5%	+0.599%Above	$4,490Fees
FHA Loans	Sound	Exceptional	Mediocre	Strong	927	50.9%	+1.114%Above	$4,297Fees
VA Loans	Strong	Strong	Acceptable	Strong	202	11.1%	-0.163%Below	$3,667Fees
USDA Loans	Strong	Strong	—	Sound	39	2.1%	+0.757%Above	$3,010Fees

Conventional

Overall

Sound

Product

Sound

Pricing

Mediocre

Pull Through

Sound

Volume647

Mix35.5%

Spread

+0.599%Above

Fees

$4,490Fees

FHA Loans

Overall

Sound

Product

Exceptional

Pricing

Mediocre

Pull Through

Strong

Volume927

Mix50.9%

Spread

+1.114%Above

Fees

$4,297Fees

VA Loans

Overall

Strong

Product

Strong

Pricing

Acceptable

Pull Through

Strong

Volume202

Mix11.1%

Spread

-0.163%Below

Fees

$3,667Fees

USDA Loans

Overall

Strong

Product

Strong

Pricing—

Pull Through

Sound

Volume39

Mix2.1%

Spread

+0.757%Above

Fees

$3,010Fees

Loan Purpose Performance

Performance by Loan Purpose

Purpose	Overall	Product	Pricing	Pull Through	Volume	Mix	Spread	Fees
Purchase	Sound	Strong	Mediocre	Sound	1,623	89.2%	+0.900%Above	$4,430Fees
Refinance	Sound	Sound	Acceptable	Strong	197	10.8%	+0.328%Above	$3,645Fees

Purchase

Overall

Sound

Product

Strong

Pricing

Mediocre

Pull Through

Sound

Volume1,623

Mix89.2%

Spread

+0.900%Above

Fees

$4,430Fees

Refinance

Overall

Sound

Product

Sound

Pricing

Acceptable

Pull Through

Strong

Volume197

Mix10.8%

Spread

+0.328%Above

Fees

$3,645Fees

At a Glance

Lender Overview

Lending Activity

Loans Originated

1,820

Applications

2,510

Volume

$505 million

Pricing & Closing

Avg Rate Spread

+0.818%

vs. market APOR

Avg Net Fees

$4,317

Origination − Credits

Pullthrough Rate

72.5%

Applications → Closed

Typical Borrower

Avg Loan Amount

$277,632

Avg Borrower Income

$108,232

Avg Property Value

$315,143

Geographic Coverage

Geographic Performance

Metro Areas

markets with activity

States Served

of 50 states + DC

Avg Place Specialization

Sound

3/5

States with Loan Originations

Northeast1

Midwest7

IAILINMIMONEOH

South11

ALARFLGAKYLAMSOKSCTNTX

West6

AZCOMTNMORWA

Top Metro Areas by Place Specialization Score

1© Michael Barera · CC BY-SA 4.0

Dallas, TXMetro

Volume 198Mix 10.88% of portfolio

72/100

Strong

2© thepipe26 · CC BY 2.0

New Orleans, LAMetro

Volume 80Mix 4.40% of portfolio

72/100

Strong

3© GatewayPolitics · CC BY-SA 4.0

Clarksville, TN, TN-KYMetro

Volume 76Mix 4.18% of portfolio

70/100

Strong

4© No machine-readable author provided. Billy Hathorn assumed (based on copyright claims). · CC BY-SA 3.0

Fort Worth, TXMetro

Volume 104Mix 5.71% of portfolio

69/100

Strong

5© JJonahJackalope · CC BY-SA 4.0

Beaumont, TXMetro

Volume 39Mix 2.14% of portfolio

66/100

Strong

Oklahoma City, OKMetro

Volume 71Mix 3.90% of portfolio

65/100

Strong

San Antonio, TXMetro

Volume 99Mix 5.44% of portfolio

64/100

Strong

Brownsville, TXMetro

Volume 30Mix 1.65% of portfolio

64/100

Strong

McAllen, TXMetro

Volume 43Mix 2.36% of portfolio

63/100

Strong

Memphis, TNMetro

Volume 66Mix 3.63% of portfolio

63/100

Strong

Showing 10 of 36 metro areas

Top States by Place Specialization Score

TexasState

Volume 813Mix 44.67% of portfolio

79/100

Strong

AlabamaState

Volume 133Mix 7.31% of portfolio

69/100

Strong

LouisianaState

Volume 156Mix 8.57% of portfolio

68/100

Strong

TennesseeState

Volume 176Mix 9.67% of portfolio

68/100

Strong

OklahomaState

Volume 117Mix 6.43% of portfolio

66/100

Strong

South CarolinaState

Volume 57Mix 3.13% of portfolio

57/100

Sound

ColoradoState

Volume 65Mix 3.57% of portfolio

56/100

Sound

New MexicoState

Volume 39Mix 2.14% of portfolio

56/100

Sound

KentuckyState

Volume 33Mix 1.81% of portfolio

51/100

Sound

IndianaState

Volume 40Mix 2.20% of portfolio

50/100

Sound

Showing 10 of 18 states

How We Rank Lenders

Our rankings use an equal-weight average of scores across our core categories (Pricing, Product, Pull-Through, Place), with lender promptness blended in when a lender has responded to real shopper quote requests.

Our Point System (Max 30 Points)

10/ 30 pts

Pricing

Rate and fee competitiveness (33%)

10/ 30 pts

Pull Through

Reliability in closing loans (33%)

10/ 30 pts

Product

Specialization in the loan type (33%)

💎

Champion(80%+ = 24-30 points)

⭐

Superstar(60-79% = 18-23 points)

Data Integrity & Updates

Data is updated quarterly based on the latest HMDA filings and proprietary SafeRate analysis. All metrics are calculated using standardized methodologies to ensure fair comparison across lenders.

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The 5 PsRankings are calculated from observed lender differences on closed loans across Pricing, Pull-through, Product, and Place, plus Promptness when a lender has answered real shopper quote requests.

No Pay to PlayLenders cannot buy their way to the top. Rankings are 100% earned.

HMDA 2024Built using publicly available originated loan data from the federal government.

Peer BenchmarkedPerformance is normalized and benchmarked against peer institutions.