Newfirst National Bank Mortgage Rates, Fees & Info
El Campo, TXLEI: 5493001CF53JP3UQ0024
Tax ID: 74-0606995
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Mortgage Data
Review & Overview
Newfirst National Bank is a smaller bank specializing in Home Purchase loans. Newfirst National Bank has a high proportion of conventional loans. Their top markets by origination volume include: Houston, Victoria, Bay City, El Campo, and Rockport among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)Newfirst National Bank has an above average approval rate when compared to the average across all lenders.
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Originations
49Origination Dollar Volume (All Markets)
$9,165,000Top 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 |
|---|---|---|---|---|---|
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 18 | $3,310,000 | $183,889 | $0 | 0.00% |
| VICTORIA, TX (FHA|USDA|VA) | 15 | $2,995,000 | $199,667 | $0 | 0.00% |
| Bay City, TX (FHA|USDA|VA) | 3 | $915,000 | $305,000 | $0 | 0.00% |
| Outside of Metro Areas | 6 | $810,000 | $135,000 | $0 | 0.00% |
| El Campo, TX (FHA|USDA|VA) | 4 | $370,000 | $92,500 | $0 | 0.00% |
| Rockport, TX (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $0 | 0.00% |
| Port Lavaca, TX (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 0.00% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 49 | $9,165,000 | $187,041 | $0 | 0.00% |
For 2023, Newfirst National Bank's most frequently originated type of loan was Conventional, with 49 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 38 | $7,960,000 | $209,474 | $0 | 0.00% |
| Home Improvement | 6 | $500,000 | $83,333 | $0 | 0.00% |
| Refi | 5 | $705,000 | $141,000 | $0 | 0.00% |
For 2023, Newfirst National Bank's most frequently cited loan purpose was Home Purchase, with 38 originations. The 2nd most popular reason was Home Improvement, with 6 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 49 | $9,165,000 | $187,041 | $0 | 0.00% |
For 2023, Newfirst National Bank's most frequently cited loan duration was Other, with 49 originations.
Loan Sizing
2023 saw Newfirst National Bank place emphasis on $200k-400k loans with 19 originations, totaling $5,035,000 in origination value.
Applicant Income
Newfirst National Bank lent most frequently to those with incomes in the $150k-250k range, with 8 originations. The second most popular income band? $250k+, with 6 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 49 | $9,165,000 | $187,041 | $0 | 0.00% |
Newfirst National Bank lent most frequently to those with DTI ratios of Exempt%, with 49 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications100.00%
Newfirst National Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 49 | $9,165,000 | $187,041 |