First Texas Bank Mortgage Rates, Fees & Info
Lampasas, TXLEI: 254900LQPR8CYPBIJ478
Tax ID: 74-0736328
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Mortgage Data
Review & Overview
First Texas Bank is a smaller bank specializing in Refi and Home Purchase loans. First Texas Bank has a high proportion of conventional loans. Their top two markets are Killeen and Corpus Christi .First Texas 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
26Origination Dollar Volume (All Markets)
$6,800,000Top 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 |
|---|---|---|---|---|---|
| Outside of Metro Areas | 5 | $3,705,000 | $741,000 | $0 | 0.00% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 20 | $2,780,000 | $139,000 | $0 | 0.00% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 26 | $6,800,000 | $261,538 | $0 | 0.00% |
For 2024, First Texas Bank's most frequently originated type of loan was Conventional, with 26 originations.
Loan Reason
For 2024, First Texas Bank's most frequently cited loan purpose was Home Improvement, with 8 originations. The 2nd most popular reason was Refi, with 7 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 26 | $6,800,000 | $261,538 | $0 | 0.00% |
For 2024, First Texas Bank's most frequently cited loan duration was Other, with 26 originations.
Loan Sizing
2024 saw First Texas Bank place emphasis on $100,000 or less loans with 14 originations, totaling $780,000 in origination value.
Applicant Income
First Texas Bank lent most frequently to those with incomes in the $75k-100k range, with 7 originations. The second most popular income band? $100k-150k, with 4 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 26 | $6,800,000 | $261,538 | $0 | 0.00% |
First Texas Bank lent most frequently to those with DTI ratios of Exempt%, with 26 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications73.17%
First Texas Bank has a below average approval rate.
Pick Rate
Approvals leading to origination96.15%
First Texas 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 | 26 | $6,800,000 | $261,538 |