First National Bank Of East Texas Mortgage Rates, Fees & Info
Gilmer, TXLEI: 254900CBU2F2TON68T25
Tax ID: 75-0291493
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Mortgage Data
Review & Overview
First National Bank Of East Texas is a smaller bank specializing in Home Purchase loans. First National Bank Of East Texas has a high proportion of conventional loans. Their top markets by origination volume include: Longview, Dallas, Sulphur Springs, Mount Pleasant, and Tyler among others. We have data for 14 markets. (Some data included below & more in-depth data is available with an active subscription.)First National Bank Of East Texas has an 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
144Origination Dollar Volume (All Markets)
$35,960,000Top 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 |
|---|---|---|---|---|---|
| LONGVIEW, TX (FHA|USDA|VA) | 55 | $12,665,000 | $230,273 | $0 | 0.00% |
| Outside of Metro Areas | 46 | $8,930,000 | $194,130 | $0 | 0.00% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 6 | $6,660,000 | $1,110,000 | $0 | 0.00% |
| Sulphur Springs, TX (FHA|USDA|VA) | 14 | $3,410,000 | $243,571 | $0 | 0.00% |
| Mount Pleasant, TX (FHA|USDA|VA) | 9 | $2,005,000 | $222,778 | $0 | 0.00% |
| TYLER, TX (FHA|USDA|VA) | 6 | $920,000 | $153,333 | $0 | 0.00% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $0 | 0.00% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $0 | 0.00% |
| WACO, TX (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 0.00% |
| Nacogdoches, TX (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 0.00% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
| Paris, TX (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
| Jacksonville, TX (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 144 | $35,960,000 | $249,722 | $0 | 0.00% |
For 2023, First National Bank Of East Texas's most frequently originated type of loan was Conventional, with 144 originations.
Loan Reason
For 2023, First National Bank Of East Texas's most frequently cited loan purpose was Home Purchase, with 91 originations. The 2nd most popular reason was Home Improvement, with 20 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 144 | $35,960,000 | $249,722 | $0 | 0.00% |
For 2023, First National Bank Of East Texas's most frequently cited loan duration was Other, with 144 originations.
Loan Sizing
2023 saw First National Bank Of East Texas place emphasis on $100,000 or less loans with 42 originations, totaling $2,510,000 in origination value.
Applicant Income
First National Bank Of East Texas lent most frequently to those with incomes in the $100k-150k range, with 31 originations. The second most popular income band? $150k-250k, with 23 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 144 | $35,960,000 | $249,722 | $0 | 0.00% |
First National Bank Of East Texas lent most frequently to those with DTI ratios of Exempt%, with 144 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications89.19%
First National Bank Of East Texas has an average approval rate.
Pick Rate
Approvals leading to origination85.42%
First National Bank Of East Texas has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 144 | $35,960,000 | $249,722 |