First Texoma National Bank Mortgage Rates, Fees & Info
Durant, OKLEI: 254900FP6SX9QWAB1J85
Tax ID: 73-0222325
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
First Texoma National Bank is a smaller bank specializing in Home Purchase and Refi loans. First Texoma National Bank has a high proportion of conventional loans. Their top two markets are Durant and Sherman .First Texoma National Bank has an average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.
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Originations
87Origination Dollar Volume (All Markets)
$13,795,000Top 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 |
|---|---|---|---|---|---|
| Durant, OK (FHA|USDA|VA) | 58 | $7,630,000 | $131,552 | $0 | 0.00% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 15 | $3,495,000 | $233,000 | $0 | 0.00% |
| Outside of Metro Areas | 14 | $2,670,000 | $190,714 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 87 | $13,795,000 | $158,563 | $0 | 0.00% |
For 2022, First Texoma National Bank's most frequently originated type of loan was Conventional, with 87 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 49 | $8,575,000 | $175,000 | $0 | 0.00% |
| Refi | 31 | $4,745,000 | $153,065 | $0 | 0.00% |
| Other | 7 | $475,000 | $67,857 | $0 | 0.00% |
For 2022, First Texoma National Bank's most frequently cited loan purpose was Home Purchase, with 49 originations. The 2nd most popular reason was Refi, with 31 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 87 | $13,795,000 | $158,563 | $0 | 0.00% |
For 2022, First Texoma National Bank's most frequently cited loan duration was Other, with 87 originations.
Loan Sizing
2022 saw First Texoma National Bank place emphasis on $100,000 or less loans with 44 originations, totaling $2,840,000 in origination value.
Applicant Income
First Texoma National Bank lent most frequently to those with incomes in the $75k-100k range, with 17 originations. The second most popular income band? $50k-75k, with 12 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 87 | $13,795,000 | $158,563 | $0 | 0.00% |
First Texoma National Bank lent most frequently to those with DTI ratios of Exempt%, with 87 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications87.50%
First Texoma National Bank has an average approval rate.
Pick Rate
Approvals leading to origination95.40%
First Texoma National Bank has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 87 | $13,795,000 | $158,563 |
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% |