First National Bank Of Weatherford Mortgage Rates, Fees & Info
WEATHERFORD, TXLEI: 5493001LCP9RF6ADEZ78
Tax ID: 75-0641890
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Mortgage Data
Review & Overview
First National Bank Of Weatherford is a smaller bank specializing in Home Purchase loans. First National Bank Of Weatherford has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Dallas, Abilene, Mineral Wells, Granbury, and Daphne among others. We have data for 12 markets. (Some data included below & more in-depth data is available with an active subscription.)First National Bank Of Weatherford 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
128Origination Dollar Volume (All Markets)
$27,120,000Top 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 |
|---|---|---|---|---|---|
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 43 | $11,955,000 | $278,023 | $0 | 0.00% |
| ABILENE, TX (FHA|USDA|VA) | 55 | $8,225,000 | $149,545 | $0 | 0.00% |
| Mineral Wells, TX (FHA|USDA|VA) | 4 | $1,670,000 | $417,500 | $0 | 0.00% |
| Outside of Metro Areas | 16 | $1,340,000 | $83,750 | $0 | 0.00% |
| Granbury, TX (FHA|USDA|VA) | 1 | $825,000 | $825,000 | $0 | 0.00% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 2 | $760,000 | $380,000 | $0 | 0.00% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 1 | $735,000 | $735,000 | $0 | 0.00% |
| Stephenville, TX (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $0 | 0.00% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $0 | 0.00% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $0 | 0.00% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 0.00% |
| Snyder, TX (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 127 | $27,065,000 | $213,110 | $0 | 0.00% |
| FHA | 1 | $55,000 | $55,000 | $0 | 0.00% |
For 2024, First National Bank Of Weatherford's most frequently originated type of loan was Conventional, with 127 originations. Their 2nd most popular type was FHA, with 1 originations.
Loan Reason
For 2024, First National Bank Of Weatherford's most frequently cited loan purpose was Home Purchase, with 93 originations. The 2nd most popular reason was Home Improvement, with 13 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 128 | $27,120,000 | $211,875 | $0 | 0.00% |
For 2024, First National Bank Of Weatherford's most frequently cited loan duration was Other, with 128 originations.
Loan Sizing
2024 saw First National Bank Of Weatherford place emphasis on $100k-200k loans with 46 originations, totaling $6,700,000 in origination value.
Applicant Income
First National Bank Of Weatherford lent most frequently to those with incomes in the $100k-150k range, with 21 originations. The second most popular income band? $150k-250k, with 20 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 128 | $27,120,000 | $211,875 | $0 | 0.00% |
First National Bank Of Weatherford lent most frequently to those with DTI ratios of Exempt%, with 128 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications72.00%
First National Bank Of Weatherford has a below average approval rate.
Pick Rate
Approvals leading to origination89.84%
First National Bank Of Weatherford has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 128 | $27,120,000 | $211,875 |