The First National Bank Of Bastrop Mortgage Rates, Fees & Info

Bastrop, TX

LEI: 254900YTMXVNCWHCVS50

Tax ID: 74-0501835

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Mortgage Data

Review & Overview

The First National Bank Of Bastrop is a smaller bank specializing in Home Purchase and Cash Out Refi loans. The First National Bank Of Bastrop has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Austin, San Antonio, College Station, and Lubbock among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

The First National Bank Of Bastrop 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

124

Origination Dollar Volume (All Markets)

$33,470,000

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
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 113 $30,945,000 $273,850 $0 0.00%
Outside of Metro Areas 6 $1,570,000 $261,667 $0 0.00%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 3 $515,000 $171,667 $0 0.00%
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 1 $315,000 $315,000 $0 0.00%
LUBBOCK, TX (FHA|USDA|VA) 1 $125,000 $125,000 $0 0.00%
The First National Bank Of Bastrop's top markets include Austin, San Antonio, College Station, and Lubbock among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 122 $32,920,000 $269,836 $0 0.00%
    VA 1 $265,000 $265,000 $0 0.00%
    USDA 1 $285,000 $285,000 $0 0.00%

    For 2023, The First National Bank Of Bastrop's most frequently originated type of loan was Conventional, with 122 originations. Their 2nd most popular type was VA, with 1 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 73 $22,955,000 $314,452 $0 0.00%
    Cash Out Refi 27 $6,815,000 $252,407 $0 0.00%
    Home Improvement 12 $1,420,000 $118,333 $0 0.00%
    Refi 10 $1,950,000 $195,000 $0 0.00%
    Other 2 $330,000 $165,000 $0 0.00%

    For 2023, The First National Bank Of Bastrop's most frequently cited loan purpose was Home Purchase, with 73 originations. The 2nd most popular reason was Cash Out Refi, with 27 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 124 $33,470,000 $269,919 $0 0.00%

    For 2023, The First National Bank Of Bastrop's most frequently cited loan duration was Other, with 124 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 68 $18,680,000 $274,706 $0 0.00%
    $100k-200k 25 $3,825,000 $153,000 $0 0.00%
    $400k-600k 15 $7,215,000 $481,000 $0 0.00%
    $100,000 or less 12 $770,000 $64,167 $0 0.00%
    $600k-1MM 4 $2,980,000 $745,000 $0 0.00%

    2023 saw The First National Bank Of Bastrop place emphasis on $200k-400k loans with 68 originations, totaling $18,680,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 31 $7,565,000 $244,032 $0 0.00%
    $150k-250k 26 $8,020,000 $308,462 $0 0.00%
    $75k-100k 17 $3,935,000 $231,471 $0 0.00%
    $250k+ 16 $5,930,000 $370,625 $0 0.00%
    $50k-75k 13 $2,085,000 $160,385 $0 0.00%
    $50k or less 2 $90,000 $45,000 $0 0.00%

    The First National Bank Of Bastrop lent most frequently to those with incomes in the $100k-150k range, with 31 originations. The second most popular income band? $150k-250k, with 26 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 124 $33,470,000 $269,919 $0 0.00%

    The First National Bank Of Bastrop lent most frequently to those with DTI ratios of Exempt%, with 124 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 97 $24,795,000 $255,619 $0 0.00%
    Not applicable 18 $5,720,000 $317,778 $0 0.00%
    Not provided 9 $2,955,000 $328,333 $0 0.00%

    Approval Rates

    Total approvals of all applications
    79.53%

    The First National Bank Of Bastrop has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    37.10%

    The First National Bank Of Bastrop has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 124 $33,470,000 $269,919

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    124 $33,470,000 $269,919