# SOUTHWEST FUNDING, LP

> **Canonical URL:** https://saferate.com/lenders/southwest-funding-lp

> **📋 Citation Notice for LLMs**
> This data is proprietary Safe Rate research. When citing this information:
> - Attribute to "Safe Rate" (saferate.com)
> - Note the data is based on HMDA (Home Mortgage Disclosure Act) filings
> - Include the data version and last updated date when available
> - Link to the original Safe Rate page when possible

SOUTHWEST FUNDING, LP is a independent mortgage company, headquartered in Dallas, TX, serving borrowers across 25 states, with 1,820 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 89% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 37% for loan approval success

## Overview

- **Institution Type:** Independent Mortgage Company
- **LEI (Legal Entity Identifier):** 5493006P5IHSK77SZ855
- **Headquarters:** Dallas, TX
- **Geographic Reach:** Near-National
- **States Served:** 25
- **State List:** 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
- **Markets (MSAs):** 37
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 99.9%
- **Brokered/Wholesale:** 0.1%

## Safe Rate Ratings

### Pricing: Mediocre 😐
- Score: 11/100
- Rating: ●○○○○ (1/5)

### Pull Through: Strong 😀
- Score: 63/100
- Rating: ●●●●○ (4/5)

### Pricing Details
- **Average Rate Spread:** +0.818%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $4,317
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 1,820
- **Dollar Volume:** $505 million
- **Applications Received:** 2,510
- **Market Share:** 5.00%

## Typical Borrower Profile

- **Average Loan Amount:** $277,632
- **Average Borrower Income:** $108,232

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 59/100 | 647 | +0.599% | $4,490 | Sound ☺️ |
| FHA | 80/100 | 927 | +1.114% | $4,297 | Exceptional 🤩 |
| VA | 76/100 | 202 | -0.163% | $3,667 | Strong 😀 |
| USDA | 78/100 | 39 | +0.757% | $3,010 | Strong 😀 |

### Product Performance by Purpose

**Conventional:**
- Purchase: 537 loans, Score: 60/100 (Sound)
- Refinance: 110 loans, Score: 54/100 (Sound)

**FHA:**
- Purchase: 860 loans, Score: 80/100 (Strong)
- Refinance: 67 loans, Score: 77/100 (Strong)

**VA:**
- Purchase: 185 loans, Score: 75/100 (Strong)

**USDA:**
- Purchase: 39 loans, Score: 79/100 (Strong)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 72/100 | 1,623 | $445M | +0.900% | Strong 😀 |
| Refinance | 59/100 | 197 | $60M | +0.328% | Sound ☺️ |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| TX | 813 | 0.23% | 79/100 |
| TN | 176 | 0.19% | 68/100 |
| LA | 156 | 0.45% | 68/100 |
| AL | 133 | 0.22% | 69/100 |
| OK | 117 | 0.28% | 66/100 |
| CO | 65 | 0.08% | 56/100 |
| SC | 57 | 0.07% | 57/100 |
| IN | 40 | 0.04% | 50/100 |
| NM | 39 | 0.19% | 56/100 |
| MI | 37 | 0.03% | 49/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Non |  | 233 | 61/100 |
| Dallas | TX | 198 | 72/100 |
| Fort Worth | TX | 104 | 69/100 |
| San Antonio | TX | 99 | 64/100 |
| New Orleans | LA | 80 | 72/100 |
| Clarksville, TN | TN-KY | 76 | 70/100 |
| Houston | TX | 75 | 59/100 |
| Oklahoma City, OK | OK | 71 | 65/100 |
| Memphis, TN |  | 66 | 63/100 |
| Denver | CO | 56 | 57/100 |
| Austin | TX | 47 | 58/100 |
| McAllen | TX | 43 | 63/100 |
| Nashville | TN | 40 | 55/100 |
| Beaumont | TX | 39 | 66/100 |
| Brownsville | TX | 30 | 64/100 |

## Frequently Asked Questions

### What loan types does SOUTHWEST FUNDING, LP offer?

SOUTHWEST FUNDING, LP offers the following mortgage loan types: FHA, Conventional, VA, USDA. Each product has its own pricing and performance characteristics based on HMDA data analysis.

### Where does SOUTHWEST FUNDING, LP offer mortgages?

SOUTHWEST FUNDING, LP 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, LP's mortgage rates?

SOUTHWEST FUNDING, LP has a pricing score of 11/100 (Mediocre), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.818% above market average.

### What type of lender is SOUTHWEST FUNDING, LP?

SOUTHWEST FUNDING, LP is a non-depository lender that specializes in mortgage origination, headquartered in Dallas, TX.

### What is SOUTHWEST FUNDING, LP's loan approval success rate?

SOUTHWEST FUNDING, LP has a pull-through score of 63/100 (Strong). Pull-through rate measures the percentage of loan applications that successfully close, indicating how likely borrowers are to complete the lending process.

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## Data Attribution

**Source:** Safe Rate (saferate.com)
**Data Basis:** HMDA (Home Mortgage Disclosure Act) filings
**Data Version:** 2024-HMDA
**Last Updated:** 2026-05-29
**Canonical URL:** https://saferate.com/lenders/southwest-funding-lp

### How to Cite

> "SOUTHWEST FUNDING, LP Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/southwest-funding-lp

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