Henderson Federal Savings Bank Mortgage Rates, Fees & Info
Henderson, TXLEI: 254900TZ5NHC3GYO2U31
Tax ID: 75-0328243
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Henderson Federal Savings Bank is a smaller bank specializing in Home Purchase loans. Henderson Federal Savings Bank has a high proportion of conventional loans. Their top markets by origination volume include: Longview, Jacksonville, Palestine, Lufkin, and Tyler among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)Henderson Federal Savings Bank 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.
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Originations
66Origination Dollar Volume (All Markets)
$11,850,000Top 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 |
|---|---|---|---|---|---|
| LONGVIEW, TX (FHA|USDA|VA) | 55 | $8,365,000 | $152,091 | $0 | 0.00% |
| Outside of Metro Areas | 5 | $1,335,000 | $267,000 | $0 | 0.00% |
| Jacksonville, TX (FHA|USDA|VA) | 2 | $1,150,000 | $575,000 | $0 | 0.00% |
| Palestine, TX (FHA|USDA|VA) | 1 | $615,000 | $615,000 | $0 | 0.00% |
| Lufkin, TX (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 0.00% |
| TYLER, TX (FHA|USDA|VA) | 2 | $140,000 | $70,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 66 | $11,850,000 | $179,545 | $0 | 0.00% |
For 2023, Henderson Federal Savings Bank's most frequently originated type of loan was Conventional, with 66 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 42 | $9,690,000 | $230,714 | $0 | 0.00% |
| Home Improvement | 14 | $890,000 | $63,571 | $0 | 0.00% |
| Refi | 10 | $1,270,000 | $127,000 | $0 | 0.00% |
For 2023, Henderson Federal Savings Bank's most frequently cited loan purpose was Home Purchase, with 42 originations. The 2nd most popular reason was Home Improvement, with 14 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 66 | $11,850,000 | $179,545 | $0 | 0.00% |
For 2023, Henderson Federal Savings Bank's most frequently cited loan duration was Other, with 66 originations.
Loan Sizing
2023 saw Henderson Federal Savings Bank place emphasis on $100k-200k loans with 25 originations, totaling $3,615,000 in origination value.
Applicant Income
Henderson Federal Savings Bank lent most frequently to those with incomes in the $100k-150k range, with 20 originations. The second most popular income band? $75k-100k, with 15 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 66 | $11,850,000 | $179,545 | $0 | 0.00% |
Henderson Federal Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 66 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.30%
Henderson Federal Savings Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination81.82%
Henderson Federal Savings Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 66 | $11,850,000 | $179,545 |