We compare mortgage interest rate and loan related closing costs at Eustis Mortgage Corporation with other lenders for mortgages with similar borrower characteristics:
Interest Rate: similar to average (-0.02%)
Loan Related Closing Costs: higher than average (+$423)
Assessment: this lender tends to be a average cost lender.
This scoreboard is based on data reported to FFIEC. In the data, Eustis Mortgage Corporation originated 2740 mortgages, a national market share of 0.0%. It was most active in LA (1.8% market share), TX (0.3% market share), and TN (0.1% market share).
On average, Eustis Mortgage Corporation’s interest rates were similar to those of comparable mortgages at other lenders (-0.02%).1The comparable mortgages control for Eustis Mortgage Corporation’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 $6573, which was higher than those of comparable mortgages at $6151, with a difference of +$423. Overall, we estimate that Eustis Mortgage Corporation tends to be an average cost lender, with a cost-adjusted-rate difference of -0.00% 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 Eustis Mortgage Corporation.
Eustis Mortgage Corporation originated Conforming and FHA mortgages for new home purchases. 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 Eustis Mortgage Corporation compared to other lenders
| Conforming | FHA | |
|---|---|---|
| Interest Rate Difference | +0.10% | -0.09% |
| Loan related Closing Cost Difference | +$1119 | +$25 |
| Cost Adjusted Rate Difference | +0.17% | -0.10% |
Based on the table above, Eustis Mortgage Corporation is cheap for FHA purchase mortgages. It is more expensive than other lenders for Conforming purchase mortgages.
Other information about Eustis Mortgage Corporation:
Regulator: United States Department of Housing and Urban Development (HUD)
Registered city and state: NEW ORLEANS, LA, 70163