First National Bank Of East Texas Mortgage Rates, Fees & Info
Gilmer, TXLEI: 254900CBU2F2TON68T25
Tax ID: 75-0291493
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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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, Tyler, and Mount Pleasant among others. We have data for 16 markets. (Some data included below & more in-depth data is available with an active subscription.)First National Bank Of East Texas 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
171Origination Dollar Volume (All Markets)
$51,645,000Top 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) | 68 | $19,330,000 | $284,265 | $0 | 0.00% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 12 | $12,910,000 | $1,075,833 | $0 | 0.00% |
| Outside of Metro Areas | 54 | $11,070,000 | $205,000 | $0 | 0.00% |
| Sulphur Springs, TX (FHA|USDA|VA) | 9 | $2,265,000 | $251,667 | $0 | 0.00% |
| TYLER, TX (FHA|USDA|VA) | 8 | $2,020,000 | $252,500 | $0 | 0.00% |
| Mount Pleasant, TX (FHA|USDA|VA) | 7 | $1,005,000 | $143,571 | $0 | 0.00% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $835,000 | $835,000 | $0 | 0.00% |
| Jacksonville, TX (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $0 | 0.00% |
| Ruston, LA (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $0 | 0.00% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $0 | 0.00% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 0.00% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $0 | 0.00% |
| Athens, TX (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 0.00% |
| Branson, MO (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 0.00% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
| WICHITA, KS (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 | 171 | $51,645,000 | $302,018 | $0 | 0.00% |
For 2022, First National Bank Of East Texas's most frequently originated type of loan was Conventional, with 171 originations.
Loan Reason
For 2022, First National Bank Of East Texas's most frequently cited loan purpose was Home Purchase, with 107 originations. The 2nd most popular reason was Cash Out Refi, with 28 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 171 | $51,645,000 | $302,018 | $0 | 0.00% |
For 2022, First National Bank Of East Texas's most frequently cited loan duration was Other, with 171 originations.
Loan Sizing
2022 saw First National Bank Of East Texas place emphasis on $200k-400k loans with 51 originations, totaling $14,685,000 in origination value.
Applicant Income
First National Bank Of East Texas lent most frequently to those with incomes in the $150k-250k range, with 32 originations. The second most popular income band? $100k-150k, with 30 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 171 | $51,645,000 | $302,018 | $0 | 0.00% |
First National Bank Of East Texas lent most frequently to those with DTI ratios of Exempt%, with 171 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.69%
First National Bank Of East Texas has an average approval rate.
Pick Rate
Approvals leading to origination87.13%
First National Bank Of East Texas has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 171 | $51,645,000 | $302,018 |
Complaints
| Bank Name | Product | Issue | 2022 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| FIRST CITIZENS BANCSHARES, INC. | Home equity loan or line of credit (HELOC) | Applying for a mortgage or refinancing an existing mortgage | 1 | 100.0% |