Third Coast Bank Ssb Mortgage Rates, Fees & Info

Humble, TX

LEI: 254900Y3KT6SZM11MQ06

Tax ID: 26-2027557

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Mortgage Data

Review & Overview

Third Coast Bank Ssb is a smaller bank specializing in Home Purchase and Refi loans. Third Coast Bank Ssb has a high proportion of conventional loans. Their top markets by origination volume include: Houston, Dallas, Austin, San Antonio, and Bay City among others. We have data for 28 markets. (Some data included below & more in-depth data is available with an active subscription.)

Third Coast Bank Ssb has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.

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Originations

215

Origination Dollar Volume (All Markets)

$142,485,000

Top Markets

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  • Leaflet | Map data © OpenStreetMap contributors| Map style: © OpenTopoMap (CC-BY-SA)

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    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
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 129 $79,035,000 $612,674 $0 0.00%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 14 $15,280,000 $1,091,429 $0 0.00%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 11 $12,205,000 $1,109,545 $0 0.00%
    Outside of Metro Areas 13 $11,215,000 $862,692 $0 0.00%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 7 $3,965,000 $566,429 $0 0.00%
    Bay City, TX (FHA|USDA|VA) 2 $2,360,000 $1,180,000 $0 0.00%
    SHERMAN-DENISON, TX (FHA|USDA|VA) 4 $2,260,000 $565,000 $0 0.00%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $1,925,000 $1,925,000 $0 0.00%
    BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 10 $1,910,000 $191,000 $0 0.00%
    Heber, UT (FHA|USDA|VA) 2 $1,610,000 $805,000 $0 0.00%
    Rockport, TX (FHA|USDA|VA) 1 $1,505,000 $1,505,000 $0 0.00%
    Fredericksburg, TX (FHA|USDA|VA) 1 $1,205,000 $1,205,000 $0 0.00%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 2 $1,050,000 $525,000 $0 0.00%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 2 $930,000 $465,000 $0 0.00%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $835,000 $835,000 $0 0.00%
    OKLAHOMA CITY, OK (FHA|USDA|VA) 1 $705,000 $705,000 $0 0.00%
    MEDFORD, OR (FHA|USDA|VA) 1 $555,000 $555,000 $0 0.00%
    Sevierville, TN (FHA|USDA|VA) 1 $545,000 $545,000 $0 0.00%
    LAKE CHARLES, LA (FHA|USDA|VA) 1 $535,000 $535,000 $0 0.00%
    KILLEEN-TEMPLE, TX (FHA|USDA|VA) 1 $525,000 $525,000 $0 0.00%
    Athens, TX (FHA|USDA|VA) 2 $500,000 $250,000 $0 0.00%
    BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 1 $485,000 $485,000 $0 0.00%
    COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 2 $420,000 $210,000 $0 0.00%
    SALINAS, CA (FHA|USDA|VA) 1 $365,000 $365,000 $0 0.00%
    FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 1 $265,000 $265,000 $0 0.00%
    BATON ROUGE, LA (FHA|USDA|VA) 1 $115,000 $115,000 $0 0.00%
    Kingsville, TX (FHA|USDA|VA) 1 $115,000 $115,000 $0 0.00%
    ODESSA, TX (FHA|USDA|VA) 1 $65,000 $65,000 $0 0.00%
    Third Coast Bank Ssb's top markets include Houston, Dallas, Austin, San Antonio, and Bay City among others.

    Their top states include:
  • Texas (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • Utah (FHA|USDA|VA)
  • New Mexico (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 215 $142,485,000 $662,721 $0 0.00%

    For 2022, Third Coast Bank Ssb's most frequently originated type of loan was Conventional, with 215 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 146 $99,680,000 $682,740 $0 0.00%
    Refi 52 $30,930,000 $594,808 $0 0.00%
    Cash Out Refi 10 $9,380,000 $938,000 $0 0.00%
    Other 5 $1,875,000 $375,000 $0 0.00%
    Home Improvement 2 $620,000 $310,000 $0 0.00%

    For 2022, Third Coast Bank Ssb's most frequently cited loan purpose was Home Purchase, with 146 originations. The 2nd most popular reason was Refi, with 52 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 215 $142,485,000 $662,721 $0 0.00%

    For 2022, Third Coast Bank Ssb's most frequently cited loan duration was Other, with 215 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 52 $14,740,000 $283,462 $0 0.00%
    $1MM+ 45 $81,435,000 $1,809,667 $0 0.00%
    $100k-200k 42 $6,550,000 $155,952 $0 0.00%
    $400k-600k 34 $17,020,000 $500,588 $0 0.00%
    $600k-1MM 28 $21,720,000 $775,714 $0 0.00%
    $100,000 or less 14 $1,020,000 $72,857 $0 0.00%

    2022 saw Third Coast Bank Ssb place emphasis on $200k-400k loans with 52 originations, totaling $14,740,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 67 $71,295,000 $1,064,104 $0 0.00%
    $150k-250k 17 $8,395,000 $493,824 $0 0.00%
    $100k-150k 8 $2,000,000 $250,000 $0 0.00%
    $75k-100k 5 $1,095,000 $219,000 $0 0.00%
    $50k-75k 4 $850,000 $212,500 $0 0.00%
    $50k or less 1 $1,305,000 $1,305,000 $0 0.00%

    Third Coast Bank Ssb lent most frequently to those with incomes in the $250k+ range, with 67 originations. The second most popular income band? $150k-250k, with 17 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 215 $142,485,000 $662,721 $0 0.00%

    Third Coast Bank Ssb lent most frequently to those with DTI ratios of Exempt%, with 215 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 74 $63,950,000 $864,189 $0 0.00%
    Not applicable 112 $57,340,000 $511,964 $0 0.00%
    Not provided 14 $9,620,000 $687,143 $0 0.00%
    Asian 12 $8,930,000 $744,167 $0 0.00%
    American Indian 1 $1,985,000 $1,985,000 $0 0.00%
    Black 2 $660,000 $330,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    99.58%

    Third Coast Bank Ssb has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    91.16%

    Third Coast Bank Ssb has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 215 $142,485,000 $662,721

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    215 $142,485,000 $662,721