Texas Regional Bank Mortgage Rates, Fees & Info
McAllen, TXLEI: 254900GKRYTQSJG61D90
Tax ID: 74-2440392
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Mortgage Data
Review & Overview
Texas Regional Bank is a smaller bank specializing in Home Purchase loans. Texas Regional Bank has a high proportion of conventional loans. Their top markets by origination volume include: Brownsville, Mcallen, Austin, Dallas, and San Antonio among others. We have data for 21 markets. (Some data included below & more in-depth data is available with an active subscription.)Texas Regional Bank 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. Texas Regional Bank is typically a high 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 about average 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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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.89% | 9/18/23 |
| 30 Year Conventional Refi | 6.85% | 9/18/23 |
| 30 Year Cash-out Refi | 6.92% | 9/18/23 |
| 30 Year FHA Purchase | 6.27% | 9/18/23 |
| 30 Year FHA Refi | 6.27% | 9/18/23 |
| 30 Year VA Purchase | 5.58% | 9/18/23 |
| 15 Year Conventional Purchase | 6.20% | 9/18/23 |
| 15 Year Conventional Refi | 5.64% | 9/18/23 |
| 15 Year Cash-out Refi | 5.64% | 9/18/23 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
Texas Regional Bank Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
245Origination Dollar Volume (All Markets)
$122,815,000Relative Rate
Texas Regional Bank's average 30 year fixed mortgage rate was
5.04%.
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
This yields a difference of 0.28%.
Relative Fees (Closing Costs)
Texas Regional Bank's average total fees/closing costs for a 30 year fixed rate
mortgage were $8,735.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $4,750.
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 |
|---|---|---|---|---|---|
| BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) | 57 | $27,455,000 | $481,667 | $9,126 | 5.18% |
| MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) | 62 | $23,250,000 | $375,000 | $8,275 | 5.31% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 24 | $19,820,000 | $825,833 | $17,994 | 4.52% |
| Outside of Metro Areas | 26 | $12,920,000 | $496,923 | $12,922 | 5.02% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 24 | $10,090,000 | $420,417 | $8,758 | 5.97% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 14 | $7,110,000 | $507,857 | $11,653 | 4.68% |
| Fredericksburg, TX (FHA|USDA|VA) | 8 | $4,660,000 | $582,500 | $9,061 | 5.28% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 8 | $4,330,000 | $541,250 | $11,753 | 5.47% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 4 | $2,700,000 | $675,000 | $14,389 | 5.66% |
| Gainesville, TX (FHA|USDA|VA) | 4 | $2,160,000 | $540,000 | $11,400 | 6.65% |
| WACO, TX (FHA|USDA|VA) | 2 | $1,800,000 | $900,000 | $13,555 | 5.24% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $1,525,000 | $1,525,000 | $25,352 | 5.98% |
| Raymondville, TX (FHA|USDA|VA) | 3 | $1,155,000 | $385,000 | $7,859 | 4.03% |
| Athens, TX (FHA|USDA|VA) | 1 | $1,085,000 | $1,085,000 | $23,592 | 4.49% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $705,000 | $705,000 | $0 | 6.25% |
| Ruidoso, NM (FHA|USDA|VA) | 1 | $615,000 | $615,000 | $10,270 | 3.83% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $0 | 5.75% |
| Uvalde, TX (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $8,622 | 5.38% |
| Corsicana, TX (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $12,107 | 7.63% |
| Rio Grande City-Roma, TX (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $8,738 | 5.39% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 4.50% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 244 | $122,510,000 | $502,090 | $10,971 | 5.23% |
| VA | 1 | $305,000 | $305,000 | $4,636 | 3.25% |
For 2022, Texas Regional Bank's most frequently originated type of loan was Conventional, with 244 originations. Their 2nd most popular type was VA, with 1 originations.
Loan Reason
For 2022, Texas Regional Bank's most frequently cited loan purpose was Home Purchase, with 207 originations. The 2nd most popular reason was Refi, with 18 originations.
Loan Duration/Length
For 2022, Texas Regional Bank's most frequently cited loan duration was 30 Year, with 111 originations. The 2nd most popular length was 30+ year, with 56 originations.
Origination Fees/Closing Costs
Texas Regional Bank's average total fees were $8,735, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 82 originations.
Interest Rates
During 2022, Texas Regional Bank's average interest rate for loans was 5.04%, while their most frequently originated rate bucket for loans was 5-6%, with 73 originations.
Loan Sizing
2022 saw Texas Regional Bank place emphasis on $200k-400k loans with 105 originations, totaling $30,575,000 in origination value.
Applicant Income
Texas Regional Bank lent most frequently to those with incomes in the $150k-250k range, with 55 originations. The second most popular income band? $250k+, with 53 originations.
Applicant Debt to Income Ratio
Texas Regional Bank lent most frequently to those with DTI ratios of 30-36%, with 37 originations. The next most common DTI ratio? 20-30%, with 24 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.51%
Texas Regional Bank has an average approval rate.
Pick Rate
Approvals leading to origination72.65%
Texas Regional Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 245 | $122,815,000 | $501,286 |