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, Killeen, College Station, Morristown, and Austin among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)First National Bank Of Bosque County has an average approval rate when compared to the average across all lenders. They have an 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% | 5/5/24 |
| 15 Year Conventional Refi | 5.89% | 5/5/24 |
| 15 Year Cash-out Refi | 5.89% | 5/5/24 |
| 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
55Origination Dollar Volume (All Markets)
$8,575,000Top 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) | 18 | $3,380,000 | $187,778 | $2,229 | 5.41% |
| Outside of Metro Areas | 29 | $3,065,000 | $105,690 | $1,695 | 4.87% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 3 | $705,000 | $235,000 | $3,048 | 5.85% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $4,731 | 4.50% |
| MORRISTOWN, TN (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $3,041 | 4.00% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $2,065 | 4.50% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,098 | 4.00% |
| JACKSON, MS (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $3,665 | 4.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 55 | $8,575,000 | $155,909 | $2,092 | 5.04% |
For 2022, First National Bank Of Bosque County's most frequently originated type of loan was Conventional, with 55 originations.
Loan Reason
For 2022, First National Bank Of Bosque County's most frequently cited loan purpose was Home Purchase, with 30 originations. The 2nd most popular reason was Home Improvement, with 15 originations.
Loan Duration/Length
For 2022, First National Bank Of Bosque County's most frequently cited loan duration was Other, with 39 originations. The 2nd most popular length was 10 Year, with 9 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 19 | $2,665,000 | $140,263 |
| 5-6% | 18 | $2,940,000 | $163,333 |
| 3-4% | 12 | $2,240,000 | $186,667 |
| 6-7% | 4 | $510,000 | $127,500 |
| 7-8% | 2 | $220,000 | $110,000 |
During 2022, 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 4-5%, with 19 originations.
Loan Sizing
2022 saw First National Bank Of Bosque County place emphasis on $100,000 or less loans with 25 originations, totaling $1,325,000 in origination value.
Applicant Income
First National Bank Of Bosque County lent most frequently to those with incomes in the $50k-75k range, with 13 originations. The second most popular income band? $250k+, with 10 originations.
Applicant Debt to Income Ratio
First National Bank Of Bosque County lent most frequently to those with DTI ratios of 20-30%, with 17 originations. The next most common DTI ratio? <20%, with 9 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications87.88%
First National Bank Of Bosque County has an average approval rate.
Pick Rate
Approvals leading to origination94.55%
First National Bank Of Bosque County has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 55 | $8,575,000 | $155,909 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2022 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| FIRST GUARANTY MORTGAGE CORP | Conventional home mortgage | Struggling to pay mortgage | 1 | 100.0% |