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 Home Purchase loans. First Texas Bank has a high proportion of conventional loans. Their top (well, only) market is Killeen.First Texas Bank has an 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
25Origination Dollar Volume (All Markets)
$6,125,000Top 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 | 4 | $4,250,000 | $1,062,500 | $0 | 0.00% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 21 | $1,875,000 | $89,286 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 25 | $6,125,000 | $245,000 | $0 | 0.00% |
For 2019, First Texas Bank's most frequently originated type of loan was Conventional, with 25 originations.
Loan Reason
For 2019, First Texas Bank's most frequently cited loan purpose was Home Purchase, with 15 originations. The 2nd most popular reason was Cash Out Refi, with 5 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 25 | $6,125,000 | $245,000 | $0 | 0.00% |
For 2019, First Texas Bank's most frequently cited loan duration was Other, with 25 originations.
Loan Sizing
2019 saw First Texas Bank place emphasis on $100,000 or less loans with 14 originations, totaling $710,000 in origination value.
Applicant Income
First Texas Bank lent most frequently to those with incomes in the $50k-75k range, with 7 originations. The second most popular income band? $50k or less, with 6 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 25 | $6,125,000 | $245,000 | $0 | 0.00% |
First Texas Bank lent most frequently to those with DTI ratios of Exempt%, with 25 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 24 | $6,010,000 | $250,417 | $0 | 0.00% |
| Not applicable | 1 | $115,000 | $115,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications81.08%
First Texas Bank has a below average approval rate.
Pick Rate
Approvals leading to origination80.00%
First Texas Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 25 | $6,125,000 | $245,000 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 25 | $6,125,000 | $245,000 |
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| FIRST HORIZON BANK | Conventional home mortgage | Trouble during payment process | 4 | 26.7% |
| FIRST HORIZON BANK | VA mortgage | Closing on a mortgage | 1 | 6.7% |
| FIRST HORIZON BANK | VA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 6.7% |
| FIRST HORIZON BANK | FHA mortgage | Struggling to pay mortgage | 1 | 6.7% |
| FIRST HORIZON BANK | Other type of mortgage | Trouble during payment process | 1 | 6.7% |
| FIRST HORIZON BANK | Home equity loan or line of credit (HELOC) | Trouble during payment process | 3 | 20.0% |
| FIRST HORIZON BANK | Home equity loan or line of credit (HELOC) | Closing on a mortgage | 1 | 6.7% |
| FIRST HORIZON BANK | FHA mortgage | Trouble during payment process | 2 | 13.3% |
| FIRST HORIZON BANK | Conventional home mortgage | Struggling to pay mortgage | 1 | 6.7% |