Classic Bank Mortgage Rates, Fees & Info

Cameron, TX

LEI: 254900XJUBW1WCO2J645

Tax ID: 74-0540728

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

Mortgage Data

Review & Overview

Classic Bank is a smaller bank specializing in Home Purchase loans. Classic Bank has a high proportion of conventional loans. Their top markets by origination volume include: Austin, Houston, Waco, College Station, and Killeen among others. We have data for 11 markets. (Some data included below & more in-depth data is available with an active subscription.)

Classic 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.

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.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.


Originations

144

Origination Dollar Volume (All Markets)

$46,160,000

Top 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 81 $22,315,000 $275,494 $0 0.00%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 33 $13,155,000 $398,636 $0 0.00%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 5 $4,225,000 $845,000 $0 0.00%
WACO, TX (FHA|USDA|VA) 8 $1,690,000 $211,250 $0 0.00%
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 6 $1,530,000 $255,000 $0 0.00%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 4 $1,060,000 $265,000 $0 0.00%
Huntsville, TX (FHA|USDA|VA) 1 $935,000 $935,000 $0 0.00%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 2 $460,000 $230,000 $0 0.00%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $295,000 $295,000 $0 0.00%
CORPUS CHRISTI, TX (FHA|USDA|VA) 1 $255,000 $255,000 $0 0.00%
Brenham, TX (FHA|USDA|VA) 2 $240,000 $120,000 $0 0.00%
Classic Bank's top markets include Austin, Houston, Waco, College Station, and Killeen among others.

Their top states include:
  • Texas (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 144 $46,160,000 $320,556 $0 0.00%

    For 2022, Classic Bank's most frequently originated type of loan was Conventional, with 144 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 109 $40,415,000 $370,780 $0 0.00%
    Other 15 $1,945,000 $129,667 $0 0.00%
    Refi 11 $2,885,000 $262,273 $0 0.00%
    Home Improvement 9 $915,000 $101,667 $0 0.00%

    For 2022, Classic Bank's most frequently cited loan purpose was Home Purchase, with 109 originations. The 2nd most popular reason was Other, with 15 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 144 $46,160,000 $320,556 $0 0.00%

    For 2022, Classic Bank's most frequently cited loan duration was Other, with 144 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 59 $16,785,000 $284,492 $0 0.00%
    $100k-200k 34 $5,080,000 $149,412 $0 0.00%
    $100,000 or less 21 $1,385,000 $65,952 $0 0.00%
    $400k-600k 15 $6,945,000 $463,000 $0 0.00%
    $600k-1MM 10 $7,270,000 $727,000 $0 0.00%
    $1MM+ 5 $8,695,000 $1,739,000 $0 0.00%

    2022 saw Classic Bank place emphasis on $200k-400k loans with 59 originations, totaling $16,785,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 35 $11,015,000 $314,714 $0 0.00%
    $75k-100k 28 $5,560,000 $198,571 $0 0.00%
    $100k-150k 27 $6,465,000 $239,444 $0 0.00%
    $250k+ 20 $14,920,000 $746,000 $0 0.00%
    $50k-75k 15 $2,855,000 $190,333 $0 0.00%
    $50k or less 4 $430,000 $107,500 $0 0.00%

    Classic Bank lent most frequently to those with incomes in the $150k-250k range, with 35 originations. The second most popular income band? $75k-100k, with 28 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 144 $46,160,000 $320,556 $0 0.00%

    Classic Bank lent most frequently to those with DTI ratios of Exempt%, with 144 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 124 $40,020,000 $322,742 $0 0.00%
    Not applicable 15 $4,915,000 $327,667 $0 0.00%
    Not provided 3 $785,000 $261,667 $0 0.00%
    Black 2 $440,000 $220,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    94.76%

    Classic Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    74.31%

    Classic Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 144 $46,160,000 $320,556

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    144 $46,160,000 $320,556