First National Bank Of Bosque County Mortgage Rates, Fees & Info
Valley Mills, TXLEI: 254900REMJXT9T25JI51
Tax ID: 74-0962185
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Mortgage Data
Review & Overview
First National Bank Of Bosque County is a smaller bank specializing in Home Purchase loans. First National Bank Of Bosque County has a high proportion of conventional loans. Their top markets by origination volume include: Waco, Austin, Dallas, College Station, and Lubbock among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)First National Bank Of Bosque County 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.
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 |
|---|---|---|
| 15 Year Conventional Purchase | 6.41% | 11/11/24 |
| 15 Year Conventional Refi | 5.89% | 11/11/24 |
| 15 Year Cash-out Refi | 5.89% | 11/11/24 |
| 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. | ||
First National Bank Of Bosque County Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
48Origination Dollar Volume (All Markets)
$10,570,000Top 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 |
|---|---|---|---|---|---|
| WACO, TX (FHA|USDA|VA) | 9 | $3,695,000 | $410,556 | $3,670 | 6.20% |
| Outside of Metro Areas | 33 | $3,595,000 | $108,939 | $1,529 | 6.96% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $1,455,000 | $1,455,000 | $9,131 | 6.75% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 2 | $1,320,000 | $660,000 | $7,184 | 6.83% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,018 | 6.75% |
| LUBBOCK, TX (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,939 | 7.50% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,903 | 7.25% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 48 | $10,570,000 | $220,208 | $2,413 | 6.82% |
For 2023, First National Bank Of Bosque County's most frequently originated type of loan was Conventional, with 48 originations.
Loan Reason
For 2023, First National Bank Of Bosque County's most frequently cited loan purpose was Home Purchase, with 25 originations. The 2nd most popular reason was Home Improvement, with 14 originations.
Loan Duration/Length
For 2023, First National Bank Of Bosque County's most frequently cited loan duration was Other, with 29 originations. The 2nd most popular length was 10 Year, with 12 originations.
Interest Rates
During 2023, First National Bank Of Bosque County's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 6-7%, with 30 originations.
Loan Sizing
2023 saw First National Bank Of Bosque County place emphasis on $100,000 or less loans with 23 originations, totaling $1,175,000 in origination value.
Applicant Income
First National Bank Of Bosque County lent most frequently to those with incomes in the $50k or less range, with 12 originations. The second most popular income band? $150k-250k, with 9 originations.
Applicant Debt to Income Ratio
First National Bank Of Bosque County lent most frequently to those with DTI ratios of 30-36%, with 17 originations. The next most common DTI ratio? 20-30%, with 12 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.10%
First National Bank Of Bosque County has an average approval rate.
Pick Rate
Approvals leading to origination87.50%
First National Bank Of Bosque County has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 48 | $10,570,000 | $220,208 |