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, Louisville, and Granbury 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
137Origination Dollar Volume (All Markets)
$38,005,000Top 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) | 65 | $24,755,000 | $380,846 | $0 | 0.00% |
| ABILENE, TX (FHA|USDA|VA) | 46 | $7,930,000 | $172,391 | $0 | 0.00% |
| Outside of Metro Areas | 14 | $2,310,000 | $165,000 | $0 | 0.00% |
| Mineral Wells, TX (FHA|USDA|VA) | 3 | $545,000 | $181,667 | $0 | 0.00% |
| LOUISVILLE, KY (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $0 | 0.00% |
| Granbury, TX (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $0 | 0.00% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $0 | 0.00% |
| Stephenville, TX (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 0.00% |
| AMARILLO, TX (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 0.00% |
| Brownwood, TX (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 0.00% |
| LONGVIEW, TX (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 0.00% |
| SAN ANGELO, TX (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 134 | $36,880,000 | $275,224 | $0 | 0.00% |
| FHA | 2 | $570,000 | $285,000 | $0 | 0.00% |
| VA | 1 | $555,000 | $555,000 | $0 | 0.00% |
For 2023, First National Bank Of Weatherford's most frequently originated type of loan was Conventional, with 134 originations. Their 2nd most popular type was FHA, with 2 originations.
Loan Reason
For 2023, First National Bank Of Weatherford's most frequently cited loan purpose was Home Purchase, with 94 originations. The 2nd most popular reason was Home Improvement, with 22 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 137 | $38,005,000 | $277,409 | $0 | 0.00% |
For 2023, First National Bank Of Weatherford's most frequently cited loan duration was Other, with 137 originations.
Loan Sizing
2023 saw First National Bank Of Weatherford place emphasis on $200k-400k loans with 41 originations, totaling $11,785,000 in origination value.
Applicant Income
First National Bank Of Weatherford lent most frequently to those with incomes in the $150k-250k range, with 27 originations. The second most popular income band? $250k+, with 26 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 137 | $38,005,000 | $277,409 | $0 | 0.00% |
First National Bank Of Weatherford lent most frequently to those with DTI ratios of Exempt%, with 137 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications86.79%
First National Bank Of Weatherford has an average approval rate.
Pick Rate
Approvals leading to origination70.80%
First National Bank Of Weatherford has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 137 | $38,005,000 | $277,409 |