First Texas Bank Mortgage Rates, Fees & Info

Lampasas, TX

LEI: 254900LQPR8CYPBIJ478

Tax ID: 74-0736328

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Mortgage Data

Review & Overview

First Texas Bank is a smaller bank specializing in Home Purchase loans. First Texas Bank has a high proportion of conventional loans. Their top markets by origination volume include: Killeen, San Antonio, and Austin among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

First Texas Bank has a below 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

18

Origination Dollar Volume (All Markets)

$5,290,000

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
Outside of Metro Areas 4 $2,700,000 $675,000 $0 0.00%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 12 $1,760,000 $146,667 $0 0.00%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $435,000 $435,000 $0 0.00%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $395,000 $395,000 $0 0.00%
First Texas Bank's top markets include Killeen, San Antonio, and Austin among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 18 $5,290,000 $293,889 $0 0.00%

    For 2023, First Texas Bank's most frequently originated type of loan was Conventional, with 18 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 8 $3,880,000 $485,000 $0 0.00%
    Home Improvement 5 $645,000 $129,000 $0 0.00%
    Other 2 $70,000 $35,000 $0 0.00%
    Refi 2 $540,000 $270,000 $0 0.00%
    Cash Out Refi 1 $155,000 $155,000 $0 0.00%

    For 2023, First Texas Bank's most frequently cited loan purpose was Home Purchase, with 8 originations. The 2nd most popular reason was Home Improvement, with 5 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 18 $5,290,000 $293,889 $0 0.00%

    For 2023, First Texas Bank's most frequently cited loan duration was Other, with 18 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 5 $155,000 $31,000 $0 0.00%
    $100k-200k 5 $785,000 $157,000 $0 0.00%
    $200k-400k 3 $975,000 $325,000 $0 0.00%
    $600k-1MM 3 $2,425,000 $808,333 $0 0.00%
    $400k-600k 2 $950,000 $475,000 $0 0.00%

    2023 saw First Texas Bank place emphasis on $100,000 or less loans with 5 originations, totaling $155,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 7 $1,265,000 $180,714 $0 0.00%
    $250k+ 2 $1,070,000 $535,000 $0 0.00%
    $50k-75k 2 $200,000 $100,000 $0 0.00%
    $75k-100k 2 $310,000 $155,000 $0 0.00%
    $50k or less 1 $25,000 $25,000 $0 0.00%

    First Texas Bank lent most frequently to those with incomes in the $100k-150k range, with 7 originations. The second most popular income band? $250k+, with 2 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 18 $5,290,000 $293,889 $0 0.00%

    First Texas Bank lent most frequently to those with DTI ratios of Exempt%, with 18 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 13 $2,695,000 $207,308 $0 0.00%
    Not applicable 4 $2,420,000 $605,000 $0 0.00%
    Asian 1 $175,000 $175,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    64.71%

    First Texas Bank has a low approval rate. They may have poor market targeting or stringent lending standards.

    Pick Rate

    Approvals leading to origination
    77.78%

    First Texas Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 18 $5,290,000 $293,889

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    18 $5,290,000 $293,889