Worthington National Bank Mortgage Rates, Fees & Info

Fort Worth, TX

LEI: 254900JWLQKPGK4C0B30

Tax ID: 04-3681417

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Mortgage Data

Review & Overview

Worthington National Bank is a smaller bank specializing in Home Purchase loans. Worthington National Bank has a high proportion of conventional loans. Their top markets by origination volume include: Dallas, Mineral Wells, Denver, Oxford, and Stephenville among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)

Worthington National 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.

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Originations

55

Origination Dollar Volume (All Markets)

$26,725,000

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
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 48 $22,740,000 $473,750 $0 0.00%
Mineral Wells, TX (FHA|USDA|VA) 1 $1,305,000 $1,305,000 $0 0.00%
Outside of Metro Areas 2 $1,160,000 $580,000 $0 0.00%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $1,105,000 $1,105,000 $0 0.00%
Oxford, MS (FHA|USDA|VA) 1 $225,000 $225,000 $0 0.00%
Stephenville, TX (FHA|USDA|VA) 2 $190,000 $95,000 $0 0.00%
Worthington National Bank's top markets include Dallas, Mineral Wells, Denver, Oxford, and Stephenville among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 55 $26,725,000 $485,909 $0 0.00%

    For 2023, Worthington National Bank's most frequently originated type of loan was Conventional, with 55 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 34 $19,720,000 $580,000 $0 0.00%
    Refi 9 $3,315,000 $368,333 $0 0.00%
    Home Improvement 5 $645,000 $129,000 $0 0.00%
    Other 4 $1,310,000 $327,500 $0 0.00%
    Cash Out Refi 3 $1,735,000 $578,333 $0 0.00%

    For 2023, Worthington National Bank's most frequently cited loan purpose was Home Purchase, with 34 originations. The 2nd most popular reason was Refi, with 9 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 55 $26,725,000 $485,909 $0 0.00%

    For 2023, Worthington National Bank's most frequently cited loan duration was Other, with 55 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 20 $5,540,000 $277,000 $0 0.00%
    $100k-200k 10 $1,390,000 $139,000 $0 0.00%
    $1MM+ 10 $12,560,000 $1,256,000 $0 0.00%
    $400k-600k 6 $3,010,000 $501,667 $0 0.00%
    $600k-1MM 6 $4,010,000 $668,333 $0 0.00%
    $100,000 or less 3 $215,000 $71,667 $0 0.00%

    2023 saw Worthington National Bank place emphasis on $200k-400k loans with 20 originations, totaling $5,540,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 19 $13,025,000 $685,526 $0 0.00%
    $150k-250k 5 $1,925,000 $385,000 $0 0.00%
    $100k-150k 3 $535,000 $178,333 $0 0.00%
    $50k-75k 2 $320,000 $160,000 $0 0.00%

    Worthington National Bank lent most frequently to those with incomes in the $250k+ range, with 19 originations. The second most popular income band? $150k-250k, with 5 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 55 $26,725,000 $485,909 $0 0.00%

    Worthington National Bank lent most frequently to those with DTI ratios of Exempt%, with 55 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 25 $10,585,000 $423,400 $0 0.00%
    White 20 $9,860,000 $493,000 $0 0.00%
    Not provided 7 $4,005,000 $572,143 $0 0.00%
    American Indian 1 $1,365,000 $1,365,000 $0 0.00%
    Asian 2 $910,000 $455,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    95.38%

    Worthington National Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    87.27%

    Worthington National Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 55 $26,725,000 $485,909

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    55 $26,725,000 $485,909