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. Their top (well, only) market is Dallas.First National Bank Of Weatherford has an above average approval rate when compared to the average across all lenders.
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Originations
3Origination Dollar Volume (All Markets)
$745,000Top 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) | 3 | $745,000 | $248,333 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 3 | $745,000 | $248,333 | $0 | 0.00% |
For 2018, First National Bank Of Weatherford's most frequently originated type of loan was Conventional, with 3 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 2 | $670,000 | $335,000 | $0 | 0.00% |
| Refi | 1 | $75,000 | $75,000 | $0 | 0.00% |
For 2018, First National Bank Of Weatherford's most frequently cited loan purpose was Home Purchase, with 2 originations. The 2nd most popular reason was Refi, with 1 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 3 | $745,000 | $248,333 | $0 | 0.00% |
For 2018, First National Bank Of Weatherford's most frequently cited loan duration was Other, with 3 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100,000 or less | 1 | $75,000 | $75,000 | $0 | 0.00% |
| $100k-200k | 1 | $135,000 | $135,000 | $0 | 0.00% |
| $400k-600k | 1 | $535,000 | $535,000 | $0 | 0.00% |
2018 saw First National Bank Of Weatherford place emphasis on $100,000 or less loans with 1 originations, totaling $75,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $250k+ | 1 | $535,000 | $535,000 | $0 | 0.00% |
| $50k or less | 1 | $75,000 | $75,000 | $0 | 0.00% |
First National Bank Of Weatherford lent most frequently to those with incomes in the $250k+ range, with 1 originations. The second most popular income band? $50k or less, with 1 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 3 | $745,000 | $248,333 | $0 | 0.00% |
First National Bank Of Weatherford lent most frequently to those with DTI ratios of Exempt%, with 3 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 2 | $610,000 | $305,000 | $0 | 0.00% |
| Not applicable | 1 | $135,000 | $135,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications100.00%
First National Bank Of Weatherford 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 | 3 | $745,000 | $248,333 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 3 | $745,000 | $248,333 |
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| FIRST NATIONAL BANK OF OMAHA | Conventional home mortgage | Struggling to pay mortgage | 1 | 50.0% |
| FIRST NATIONAL BANK OF OMAHA | Home equity loan or line of credit (HELOC) | Closing on a mortgage | 1 | 50.0% |