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 and Refi loans. Newfirst National Bank has a high proportion of conventional loans. Their top markets by origination volume include: Houston, Beaumont, San Antonio, Victoria, and El Campo 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
33Origination Dollar Volume (All Markets)
$7,265,000Top 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) | 16 | $4,080,000 | $255,000 | $0 | 0.00% |
| BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) | 1 | $1,005,000 | $1,005,000 | $0 | 0.00% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 2 | $830,000 | $415,000 | $0 | 0.00% |
| VICTORIA, TX (FHA|USDA|VA) | 8 | $570,000 | $71,250 | $0 | 0.00% |
| El Campo, TX (FHA|USDA|VA) | 3 | $305,000 | $101,667 | $0 | 0.00% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 0.00% |
| Rockport, TX (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
| Bay City, TX (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 33 | $7,265,000 | $220,152 | $0 | 0.00% |
For 2018, Newfirst National Bank's most frequently originated type of loan was Conventional, with 33 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 27 | $3,795,000 | $140,556 | $0 | 0.00% |
| Home Improvement | 3 | $1,095,000 | $365,000 | $0 | 0.00% |
| Refi | 3 | $2,375,000 | $791,667 | $0 | 0.00% |
For 2018, Newfirst National Bank's most frequently cited loan purpose was Home Purchase, with 27 originations. The 2nd most popular reason was Home Improvement, with 3 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 33 | $7,265,000 | $220,152 | $0 | 0.00% |
For 2018, Newfirst National Bank's most frequently cited loan duration was Other, with 33 originations.
Loan Sizing
2018 saw Newfirst National Bank place emphasis on $100,000 or less loans with 13 originations, totaling $775,000 in origination value.
Applicant Income
Newfirst National Bank lent most frequently to those with incomes in the $100k-150k range, with 8 originations. The second most popular income band? $50k-75k, with 4 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 33 | $7,265,000 | $220,152 | $0 | 0.00% |
Newfirst National Bank lent most frequently to those with DTI ratios of Exempt%, with 33 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 | 33 | $7,265,000 | $220,152 |