First Texas Bank Mortgage Rates, Fees & Info

Killeen, TX

LEI: 254900EWUWDU43PY5R60

Tax ID: 74-1933015

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    First Texas Bank is a smaller bank specializing in Home Purchase loans. First Texas Bank has a high proportion of conventional loans. Their top (well, only) market is Killeen.

    First Texas Bank 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. First Texas Bank is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have relatively high rates.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

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    Originations

    26

    Origination Dollar Volume (All Markets)

    $2,540,000

    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
    KILLEEN-TEMPLE, TX (FHA|USDA|VA) 24 $2,140,000 $89,167 $2,033 5.75%
    Outside of Metro Areas 2 $400,000 $200,000 $0 6.50%
    First Texas Bank's top markets include and Killeen among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 26 $2,540,000 $97,692 $2,033 5.81%

    For 2018, First Texas Bank's most frequently originated type of loan was Conventional, with 26 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 17 $1,765,000 $103,824 $2,329 5.52%
    Home Improvement 3 $135,000 $45,000 $1,579 5.77%
    Refi 3 $425,000 $141,667 $0 6.83%
    Other 2 $120,000 $60,000 $0 7.00%
    Cash Out Refi 1 $95,000 $95,000 $2,052 5.46%

    For 2018, First Texas Bank's most frequently cited loan purpose was Home Purchase, with 17 originations. The 2nd most popular reason was Home Improvement, with 3 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    5 Year 13 $1,315,000 $101,154 $0 6.46%
    15 Year 7 $655,000 $93,571 $2,061 5.13%
    20 Year 3 $355,000 $118,333 $0 5.00%
    30 Year 2 $160,000 $80,000 $2,311 5.29%
    10 Year 1 $55,000 $55,000 $1,393 5.56%

    For 2018, First Texas Bank's most frequently cited loan duration was 5 Year, with 13 originations. The 2nd most popular length was 15 Year, with 7 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 5 $325,000 $65,000
    $1k-2k 1 $105,000 $105,000

    First Texas Bank's average total fees were $2,311, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 5 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 10 $840,000 $84,000
    6-7% 8 $830,000 $103,750
    4-5% 7 $805,000 $115,000
    7-8% 1 $65,000 $65,000

    During 2018, First Texas Bank's average interest rate for loans was 5.29%, while their most frequently originated rate bucket for loans was 5-6%, with 10 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 18 $1,170,000 $65,000 $1,887 5.84%
    $100k-200k 6 $910,000 $151,667 $2,762 5.84%
    $200k-400k 2 $460,000 $230,000 $0 5.50%

    2018 saw First Texas Bank place emphasis on $100,000 or less loans with 18 originations, totaling $1,170,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $75k-100k 8 $750,000 $93,750 $1,893 6.25%
    $150k-250k 5 $345,000 $69,000 $2,364 5.74%
    $250k+ 2 $170,000 $85,000 $2,762 6.01%
    $100k-150k 1 $25,000 $25,000 $0 5.00%
    $50k-75k 1 $55,000 $55,000 $1,393 5.56%
    $50k or less 1 $65,000 $65,000 $0 6.75%

    First Texas Bank lent most frequently to those with incomes in the $75k-100k range, with 8 originations. The second most popular income band? $150k-250k, with 5 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 5 $485,000 $97,000 $2,129 5.62%
    20-30% 3 $205,000 $68,333 $2,364 5.91%
    <20% 3 $155,000 $51,667 $0 6.50%
    50-60% 2 $150,000 $75,000 $2,052 6.23%
    37% 2 $120,000 $60,000 $0 5.63%
    41% 1 $55,000 $55,000 $1,393 5.56%
    44% 1 $65,000 $65,000 $0 6.75%
    40% 1 $175,000 $175,000 $0 6.75%

    First Texas Bank lent most frequently to those with DTI ratios of 30-36%, with 5 originations. The next most common DTI ratio? 20-30%, with 3 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 17 $1,445,000 $85,000 $1,967 6.09%
    Not applicable 7 $965,000 $137,857 $0 5.25%
    Asian 1 $85,000 $85,000 $2,364 4.97%
    Black 1 $45,000 $45,000 $0 5.75%

    Approval Rates

    Total approvals of all applications
    83.67%

    First Texas Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    42.31%

    First Texas Bank has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 26 $2,540,000 $97,692

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 1 $165,000 $165,000
    Single Family (1-4 Units):Site-Built 25 $2,375,000 $95,000

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 2 $230,000 $115,000 $0 6.88%
    40-60% 4 $160,000 $40,000 $1,813 5.46%
    60-80% 15 $1,615,000 $107,667 $1,393 5.82%
    80-100% 5 $535,000 $107,000 $2,393 5.64%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    FIRST HORIZON BANK Home equity loan or line of credit (HELOC) Problem with a credit reporting company's investigation into an existing problem 1 7.1%
    FIRST HORIZON BANK Other type of mortgage Trouble during payment process 1 7.1%
    FIRST HORIZON BANK Conventional home mortgage Trouble during payment process 5 35.7%
    FIRST HORIZON BANK Conventional home mortgage Struggling to pay mortgage 3 21.4%
    FIRST HORIZON BANK FHA mortgage Trouble during payment process 1 7.1%
    FIRST HORIZON BANK Home equity loan or line of credit (HELOC) Incorrect information on your report 1 7.1%
    FIRST HORIZON BANK Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 7.1%
    FIRST HORIZON BANK Home equity loan or line of credit (HELOC) Trouble during payment process 1 7.1%