Lamar National Bank Mortgage Rates, Fees & Info
Paris, TXLEI: 254900BM3N9MMKAA9U54
Tax ID: 75-1768645
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Mortgage Data
Review & Overview
Lamar National Bank is a smaller bank specializing in Home Purchase loans. Lamar National Bank has a high proportion of conventional loans. Their top markets by origination volume include: Dallas, Paris, Bonham, Sherman, and Fredericksburg among others. We have data for 13 markets. (Some data included below & more in-depth data is available with an active subscription.)Lamar National Bank 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
97Origination Dollar Volume (All Markets)
$28,025,000Top 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 |
|---|---|---|---|---|---|
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 29 | $10,805,000 | $372,586 | $0 | 0.00% |
| Paris, TX (FHA|USDA|VA) | 31 | $5,185,000 | $167,258 | $0 | 0.00% |
| Bonham, TX (FHA|USDA|VA) | 14 | $4,120,000 | $294,286 | $0 | 0.00% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 7 | $2,105,000 | $300,714 | $0 | 0.00% |
| Fredericksburg, TX (FHA|USDA|VA) | 1 | $1,505,000 | $1,505,000 | $0 | 0.00% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 2 | $1,030,000 | $515,000 | $0 | 0.00% |
| Outside of Metro Areas | 5 | $805,000 | $161,000 | $0 | 0.00% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $805,000 | $805,000 | $0 | 0.00% |
| Athens, TX (FHA|USDA|VA) | 2 | $630,000 | $315,000 | $0 | 0.00% |
| Ardmore, OK (FHA|USDA|VA) | 2 | $590,000 | $295,000 | $0 | 0.00% |
| Sulphur Springs, TX (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 0.00% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 0.00% |
| Gainesville, TX (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 97 | $28,025,000 | $288,918 | $0 | 0.00% |
For 2022, Lamar National Bank's most frequently originated type of loan was Conventional, with 97 originations.
Loan Reason
For 2022, Lamar National Bank's most frequently cited loan purpose was Home Purchase, with 59 originations. The 2nd most popular reason was Refi, with 18 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 97 | $28,025,000 | $288,918 | $0 | 0.00% |
For 2022, Lamar National Bank's most frequently cited loan duration was Other, with 97 originations.
Loan Sizing
2022 saw Lamar National Bank place emphasis on $100k-200k loans with 35 originations, totaling $5,365,000 in origination value.
Applicant Income
Lamar National Bank lent most frequently to those with incomes in the $250k+ range, with 21 originations. The second most popular income band? $100k-150k, with 12 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 97 | $28,025,000 | $288,918 | $0 | 0.00% |
Lamar National Bank lent most frequently to those with DTI ratios of Exempt%, with 97 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.33%
Lamar National Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination78.35%
Lamar National Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 97 | $28,025,000 | $288,918 |