Henderson Federal Savings Bank Mortgage Rates, Fees & Info
Henderson, TXLEI: 254900TZ5NHC3GYO2U31
Tax ID: 75-0328243
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Mortgage Data
Review & Overview
Henderson Federal Savings Bank is a smaller bank specializing in Home Purchase and Refi loans. Henderson Federal Savings Bank has a high proportion of conventional loans. Their top markets by origination volume include: Longview, Jacksonville, and Tyler among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)Henderson Federal Savings 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
70Origination Dollar Volume (All Markets)
$9,500,000Top 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) | 63 | $7,945,000 | $126,111 | $0 | 0.00% |
| Jacksonville, TX (FHA|USDA|VA) | 1 | $675,000 | $675,000 | $0 | 0.00% |
| TYLER, TX (FHA|USDA|VA) | 5 | $575,000 | $115,000 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $305,000 | $305,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 70 | $9,500,000 | $135,714 | $0 | 0.00% |
For 2019, Henderson Federal Savings Bank's most frequently originated type of loan was Conventional, with 70 originations.
Loan Reason
For 2019, Henderson Federal Savings Bank's most frequently cited loan purpose was Home Purchase, with 40 originations. The 2nd most popular reason was Refi, with 23 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 70 | $9,500,000 | $135,714 | $0 | 0.00% |
For 2019, Henderson Federal Savings Bank's most frequently cited loan duration was Other, with 70 originations.
Loan Sizing
2019 saw Henderson Federal Savings Bank place emphasis on $100,000 or less loans with 33 originations, totaling $1,895,000 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? $50k or less, with 16 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 70 | $9,500,000 | $135,714 | $0 | 0.00% |
Henderson Federal Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 70 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 59 | $8,455,000 | $143,305 | $0 | 0.00% |
| Black | 8 | $720,000 | $90,000 | $0 | 0.00% |
| Not applicable | 3 | $325,000 | $108,333 | $0 | 0.00% |
Approval Rates
Total approvals of all applications87.10%
Henderson Federal Savings Bank has an average approval rate.
Pick Rate
Approvals leading to origination84.29%
Henderson Federal Savings Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 70 | $9,500,000 | $135,714 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 70 | $9,500,000 | $135,714 |
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| HOMETRUST MORTGAGE COMPANY | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 100.0% |