Valuebank Texas Mortgage Rates, Fees & Info

Corpus Christi, TX

LEI: 254900EY91VUW4KYE555

Tax ID: 74-1559329

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Mortgage Data

Review & Overview

Valuebank Texas is a smaller bank specializing in Home Purchase and Cash Out Refi loans. Valuebank Texas has a high proportion of conventional loans. Their top markets by origination volume include: Houston, Corpus Christi, and Alice among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

Valuebank 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

26

Origination Dollar Volume (All Markets)

$5,040,000

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
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 6 $3,070,000 $511,667 $0 0.00%
CORPUS CHRISTI, TX (FHA|USDA|VA) 17 $1,835,000 $107,941 $0 0.00%
Alice, TX (FHA|USDA|VA) 2 $100,000 $50,000 $0 0.00%
Outside of Metro Areas 1 $35,000 $35,000 $0 0.00%
Valuebank Texas's top markets include Houston, Corpus Christi, and Alice among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 26 $5,040,000 $193,846 $0 0.00%

    For 2018, Valuebank Texas'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 15 $3,095,000 $206,333 $0 0.00%
    Cash Out Refi 6 $1,110,000 $185,000 $0 0.00%
    Home Improvement 3 $165,000 $55,000 $0 0.00%
    Refi 2 $670,000 $335,000 $0 0.00%

    For 2018, Valuebank Texas's most frequently cited loan purpose was Home Purchase, with 15 originations. The 2nd most popular reason was Cash Out Refi, with 6 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 26 $5,040,000 $193,846 $0 0.00%

    For 2018, Valuebank Texas's most frequently cited loan duration was Other, with 26 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 15 $945,000 $63,000 $0 0.00%
    $100k-200k 4 $640,000 $160,000 $0 0.00%
    $200k-400k 4 $990,000 $247,500 $0 0.00%
    $400k-600k 2 $960,000 $480,000 $0 0.00%
    $1MM+ 1 $1,505,000 $1,505,000 $0 0.00%

    2018 saw Valuebank Texas place emphasis on $100,000 or less loans with 15 originations, totaling $945,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 5 $505,000 $101,000 $0 0.00%
    $250k+ 3 $165,000 $55,000 $0 0.00%
    $50k-75k 2 $90,000 $45,000 $0 0.00%
    $50k or less 1 $165,000 $165,000 $0 0.00%

    Valuebank Texas lent most frequently to those with incomes in the $150k-250k range, with 5 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% 26 $5,040,000 $193,846 $0 0.00%

    Valuebank Texas lent most frequently to those with DTI ratios of Exempt%, with 26 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 15 $4,115,000 $274,333 $0 0.00%
    White 9 $795,000 $88,333 $0 0.00%
    Not provided 2 $130,000 $65,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    89.47%

    Valuebank Texas has an average approval rate.

    Pick Rate

    Approvals leading to origination
    69.23%

    Valuebank Texas 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
    Exempt 26 $5,040,000 $193,846

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 3 $675,000 $225,000
    Single Family (1-4 Units):Manufactured 1 $55,000 $55,000
    Single Family (1-4 Units):Site-Built 22 $4,310,000 $195,909