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, Austin, El Campo, and Beaumont among others. We have data for 12 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
93Origination Dollar Volume (All Markets)
$16,035,000Top 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) | 49 | $8,525,000 | $173,980 | $0 | 0.00% |
| VICTORIA, TX (FHA|USDA|VA) | 20 | $2,050,000 | $102,500 | $0 | 0.00% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 3 | $1,125,000 | $375,000 | $0 | 0.00% |
| El Campo, TX (FHA|USDA|VA) | 7 | $1,025,000 | $146,429 | $0 | 0.00% |
| BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) | 1 | $955,000 | $955,000 | $0 | 0.00% |
| Port Lavaca, TX (FHA|USDA|VA) | 1 | $695,000 | $695,000 | $0 | 0.00% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $0 | 0.00% |
| Outside of Metro Areas | 4 | $500,000 | $125,000 | $0 | 0.00% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 2 | $200,000 | $100,000 | $0 | 0.00% |
| Bay City, TX (FHA|USDA|VA) | 2 | $200,000 | $100,000 | $0 | 0.00% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
| SAN ANGELO, TX (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 93 | $16,035,000 | $172,419 | $0 | 0.00% |
For 2019, Newfirst National Bank's most frequently originated type of loan was Conventional, with 93 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 69 | $13,955,000 | $202,246 | $0 | 0.00% |
| Refi | 14 | $1,600,000 | $114,286 | $0 | 0.00% |
| Home Improvement | 10 | $480,000 | $48,000 | $0 | 0.00% |
For 2019, Newfirst National Bank's most frequently cited loan purpose was Home Purchase, with 69 originations. The 2nd most popular reason was Refi, with 14 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 93 | $16,035,000 | $172,419 | $0 | 0.00% |
For 2019, Newfirst National Bank's most frequently cited loan duration was Other, with 93 originations.
Loan Sizing
2019 saw Newfirst National Bank place emphasis on $100k-200k loans with 37 originations, totaling $5,475,000 in origination value.
Applicant Income
Newfirst National Bank lent most frequently to those with incomes in the $150k-250k range, with 18 originations. The second most popular income band? $100k-150k, with 11 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 93 | $16,035,000 | $172,419 | $0 | 0.00% |
Newfirst National Bank lent most frequently to those with DTI ratios of Exempt%, with 93 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 | 93 | $16,035,000 | $172,419 |