The First National Bank Of Hughes Springs Mortgage Rates, Fees & Info

Hughes Springs, TX

LEI: 254900B7OQXWTD0I4K81

Tax ID: 75-0348875

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Mortgage Data

Review & Overview

The First National Bank Of Hughes Springs is a smaller bank specializing in Home Purchase loans. The First National Bank Of Hughes Springs has a high proportion of conventional loans. Their top markets by origination volume include: Longview, Waco, Texarkana, Tyler, and Daphne among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)

The First National Bank Of Hughes Springs has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.

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Originations

135

Origination Dollar Volume (All Markets)

$18,915,000

Top Markets

Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

Market Originations Total Value Average Loan Average Fees Average Rate
LONGVIEW, TX (FHA|USDA|VA) 46 $9,080,000 $197,391 $0 0.00%
Outside of Metro Areas 57 $3,735,000 $65,526 $0 0.00%
WACO, TX (FHA|USDA|VA) 9 $2,405,000 $267,222 $0 0.00%
TEXARKANA, TX-AR (FHA|USDA|VA) 8 $1,040,000 $130,000 $0 0.00%
TYLER, TX (FHA|USDA|VA) 6 $690,000 $115,000 $0 0.00%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 1 $605,000 $605,000 $0 0.00%
Jacksonville, TX (FHA|USDA|VA) 2 $510,000 $255,000 $0 0.00%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 2 $400,000 $200,000 $0 0.00%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 3 $395,000 $131,667 $0 0.00%
Mount Pleasant, TX (FHA|USDA|VA) 1 $55,000 $55,000 $0 0.00%
The First National Bank Of Hughes Springs's top markets include Longview, Waco, Texarkana, Tyler, and Daphne among others.

Their top states include:
  • Texas (FHA|USDA|VA)
  • Alabama (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 135 $18,915,000 $140,111 $0 0.00%

    For 2022, The First National Bank Of Hughes Springs's most frequently originated type of loan was Conventional, with 135 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 71 $12,635,000 $177,958 $0 0.00%
    Other 20 $1,680,000 $84,000 $0 0.00%
    Cash Out Refi 20 $2,810,000 $140,500 $0 0.00%
    Home Improvement 17 $875,000 $51,471 $0 0.00%
    Refi 7 $915,000 $130,714 $0 0.00%

    For 2022, The First National Bank Of Hughes Springs's most frequently cited loan purpose was Home Purchase, with 71 originations. The 2nd most popular reason was Other, with 20 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 135 $18,915,000 $140,111 $0 0.00%

    For 2022, The First National Bank Of Hughes Springs's most frequently cited loan duration was Other, with 135 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 78 $3,940,000 $50,513 $0 0.00%
    $100k-200k 27 $3,975,000 $147,222 $0 0.00%
    $200k-400k 23 $5,925,000 $257,609 $0 0.00%
    $400k-600k 3 $1,435,000 $478,333 $0 0.00%
    $600k-1MM 3 $2,135,000 $711,667 $0 0.00%
    $1MM+ 1 $1,505,000 $1,505,000 $0 0.00%

    2022 saw The First National Bank Of Hughes Springs place emphasis on $100,000 or less loans with 78 originations, totaling $3,940,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 30 $4,400,000 $146,667 $0 0.00%
    $50k-75k 27 $2,165,000 $80,185 $0 0.00%
    $75k-100k 24 $2,730,000 $113,750 $0 0.00%
    $50k or less 19 $775,000 $40,789 $0 0.00%
    $150k-250k 8 $1,250,000 $156,250 $0 0.00%
    $250k+ 6 $1,250,000 $208,333 $0 0.00%

    The First National Bank Of Hughes Springs lent most frequently to those with incomes in the $100k-150k range, with 30 originations. The second most popular income band? $50k-75k, with 27 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 135 $18,915,000 $140,111 $0 0.00%

    The First National Bank Of Hughes Springs lent most frequently to those with DTI ratios of Exempt%, with 135 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 110 $12,300,000 $111,818 $0 0.00%
    Not applicable 19 $6,205,000 $326,579 $0 0.00%
    Black 4 $330,000 $82,500 $0 0.00%
    Asian 1 $65,000 $65,000 $0 0.00%
    American Indian 1 $15,000 $15,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    96.34%

    The First National Bank Of Hughes Springs has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    82.96%

    The First National Bank Of Hughes Springs has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 135 $18,915,000 $140,111

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    135 $18,915,000 $140,111