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 and Refi 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.

    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

    27

    Origination Dollar Volume (All Markets)

    $3,225,000

    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) 27 $3,225,000 $119,444 $0 0.00%
    First Texas Bank's top markets include and Killeen among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 27 $3,225,000 $119,444 $0 0.00%

    For 2019, First Texas Bank's most frequently originated type of loan was Conventional, with 27 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 22 $2,420,000 $110,000 $0 0.00%
    Refi 4 $760,000 $190,000 $0 0.00%
    Other 1 $45,000 $45,000 $0 0.00%

    For 2019, First Texas Bank's most frequently cited loan purpose was Home Purchase, with 22 originations. The 2nd most popular reason was Refi, with 4 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 27 $3,225,000 $119,444 $0 0.00%

    For 2019, First Texas Bank's most frequently cited loan duration was Other, with 27 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 15 $925,000 $61,667 $0 0.00%
    $100k-200k 7 $975,000 $139,286 $0 0.00%
    $200k-400k 5 $1,325,000 $265,000 $0 0.00%

    2019 saw First Texas Bank place emphasis on $100,000 or less loans with 15 originations, totaling $925,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 3 $225,000 $75,000 $0 0.00%
    $250k+ 3 $515,000 $171,667 $0 0.00%
    $50k or less 2 $70,000 $35,000 $0 0.00%
    $100k-150k 1 $45,000 $45,000 $0 0.00%
    $50k-75k 1 $195,000 $195,000 $0 0.00%

    First Texas Bank lent most frequently to those with incomes in the $150k-250k range, with 3 originations. The second most popular income band? $250k+, with 3 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 27 $3,225,000 $119,444 $0 0.00%

    First Texas Bank lent most frequently to those with DTI ratios of Exempt%, with 27 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 17 $2,175,000 $127,941 $0 0.00%
    White 9 $1,025,000 $113,889 $0 0.00%
    Black 1 $25,000 $25,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    78.05%

    First Texas Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    81.48%

    First Texas Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 27 $3,225,000 $119,444

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 1 $355,000 $355,000
    Single Family (1-4 Units):Manufactured 1 $65,000 $65,000
    Single Family (1-4 Units):Site-Built 25 $2,805,000 $112,200

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    FIRST HORIZON BANK Conventional home mortgage Trouble during payment process 4 26.7%
    FIRST HORIZON BANK VA mortgage Closing on a mortgage 1 6.7%
    FIRST HORIZON BANK VA mortgage Applying for a mortgage or refinancing an existing mortgage 1 6.7%
    FIRST HORIZON BANK FHA mortgage Struggling to pay mortgage 1 6.7%
    FIRST HORIZON BANK Other type of mortgage Trouble during payment process 1 6.7%
    FIRST HORIZON BANK Home equity loan or line of credit (HELOC) Trouble during payment process 3 20.0%
    FIRST HORIZON BANK Home equity loan or line of credit (HELOC) Closing on a mortgage 1 6.7%
    FIRST HORIZON BANK FHA mortgage Trouble during payment process 2 13.3%
    FIRST HORIZON BANK Conventional home mortgage Struggling to pay mortgage 1 6.7%