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: Mcallen, Brownsville, Dallas, Austin, and San Antonio among others. We have data for 19 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 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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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.89% | 11/17/24 |
| 30 Year Conventional Refi | 6.85% | 11/17/24 |
| 30 Year Cash-out Refi | 6.92% | 11/17/24 |
| 30 Year FHA Purchase | 6.27% | 11/17/24 |
| 30 Year FHA Refi | 6.27% | 11/17/24 |
| 30 Year VA Purchase | 5.58% | 11/17/24 |
| 15 Year Conventional Purchase | 6.20% | 11/17/24 |
| 15 Year Conventional Refi | 5.64% | 11/17/24 |
| 15 Year Cash-out Refi | 5.64% | 11/17/24 |
| 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
Your Estimates
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This is not an official calculator from Texas Regional Bank. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
152Origination Dollar Volume (All Markets)
$67,170,000Relative Rate
Texas Regional Bank's average 30 year fixed mortgage rate was
6.87%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 0.39%.
Relative Fees (Closing Costs)
Texas Regional Bank's average total fees/closing costs for a 30 year fixed rate
mortgage were $9,916.
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 $9,089.
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 |
|---|---|---|---|---|---|
| MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) | 37 | $15,645,000 | $422,838 | $11,773 | 7.53% |
| BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) | 36 | $12,270,000 | $340,833 | $10,458 | 7.26% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 20 | $9,940,000 | $497,000 | $11,057 | 7.20% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 10 | $6,640,000 | $664,000 | $16,949 | 7.00% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 11 | $5,845,000 | $531,364 | $12,153 | 7.29% |
| Outside of Metro Areas | 12 | $5,710,000 | $475,833 | $10,178 | 7.42% |
| Fredericksburg, TX (FHA|USDA|VA) | 4 | $2,630,000 | $657,500 | $21,529 | 8.31% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 6 | $2,480,000 | $413,333 | $8,753 | 7.14% |
| Gainesville, TX (FHA|USDA|VA) | 3 | $1,615,000 | $538,333 | $14,387 | 6.87% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 2 | $1,300,000 | $650,000 | $12,892 | 7.07% |
| Raymondville, TX (FHA|USDA|VA) | 3 | $675,000 | $225,000 | $6,575 | 7.22% |
| SANTA FE, NM (FHA|USDA|VA) | 1 | $655,000 | $655,000 | $11,900 | 7.02% |
| Sulphur Springs, TX (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $0 | 8.00% |
| Rockport, TX (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $9,424 | 6.87% |
| Granbury, TX (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 8.50% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $6,795 | 6.97% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $7,829 | 7.22% |
| Alice, TX (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $6,485 | 6.88% |
| Kerrville, TX (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 9.25% |
Similar Lenders
We use machine learning to identify the top lenders compared against Texas Regional Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 8
Similarity Rank: 136
Similarity Rank: 220
Similarity Rank: 440
Similarity Rank: 507
Similarity Rank: 567
Similarity Rank: 575
Similarity Rank: 666
Similarity Rank: 981
Similarity Rank: 1030
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 152 | $67,170,000 | $441,908 | $11,359 | 7.34% |
For 2023, Texas Regional Bank's most frequently originated type of loan was Conventional, with 152 originations.
Loan Reason
For 2023, Texas Regional Bank's most frequently cited loan purpose was Home Purchase, with 138 originations. The 2nd most popular reason was Refi, with 8 originations.
Loan Duration/Length
For 2023, Texas Regional Bank's most frequently cited loan duration was 30 Year, with 76 originations. The 2nd most popular length was 30+ year, with 38 originations.
Origination Fees/Closing Costs
Texas Regional Bank's average total fees were $9,916, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 63 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 57 | $26,905,000 | $472,018 |
| 7-8% | 49 | $22,425,000 | $457,653 |
| Over 8% | 36 | $14,340,000 | $398,333 |
| 5-6% | 10 | $3,500,000 | $350,000 |
During 2023, Texas Regional Bank's average interest rate for loans was 6.87%, while their most frequently originated rate bucket for loans was 6-7%, with 57 originations.
Loan Sizing
2023 saw Texas Regional Bank place emphasis on $200k-400k loans with 50 originations, totaling $14,150,000 in origination value.
Applicant Income
Texas Regional Bank lent most frequently to those with incomes in the $250k+ range, with 52 originations. The second most popular income band? $150k-250k, with 32 originations.
Applicant Debt to Income Ratio
Texas Regional Bank lent most frequently to those with DTI ratios of 30-36%, with 25 originations. The next most common DTI ratio? 20-30%, with 20 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.69%
Texas Regional Bank has an average approval rate.
Pick Rate
Approvals leading to origination67.76%
Texas Regional 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 | 152 | $67,170,000 | $441,908 |