Classic Bank Mortgage Rates, Fees & Info
Cameron, TXLEI: 254900XJUBW1WCO2J645
Tax ID: 74-0540728
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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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.
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Originations
144Origination Dollar Volume (All Markets)
$46,160,000Top 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 |
|---|---|---|---|---|---|
| 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% |
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
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
2022 saw Classic Bank place emphasis on $200k-400k loans with 59 originations, totaling $16,785,000 in origination value.
Applicant Income
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
Approval Rates
Total approvals of all applications94.76%
Classic Bank has an average approval rate.
Pick Rate
Approvals leading to origination74.31%
Classic Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 144 | $46,160,000 | $320,556 |