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 markets by origination volume include: Dallas, Granbury, Houston, and Mineral Wells among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)First National Bank Of Weatherford has an above 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
37Origination Dollar Volume (All Markets)
$20,685,000Top 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) | 29 | $10,015,000 | $345,345 | $0 | 0.00% |
| Granbury, TX (FHA|USDA|VA) | 5 | $9,585,000 | $1,917,000 | $0 | 0.00% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 1 | $715,000 | $715,000 | $0 | 0.00% |
| Mineral Wells, TX (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 37 | $20,685,000 | $559,054 | $0 | 0.00% |
For 2019, First National Bank Of Weatherford's most frequently originated type of loan was Conventional, with 37 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 21 | $18,505,000 | $881,190 | $0 | 0.00% |
| Refi | 12 | $1,950,000 | $162,500 | $0 | 0.00% |
| Home Improvement | 4 | $230,000 | $57,500 | $0 | 0.00% |
For 2019, First National Bank Of Weatherford's most frequently cited loan purpose was Home Purchase, with 21 originations. The 2nd most popular reason was Refi, with 12 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 37 | $20,685,000 | $559,054 | $0 | 0.00% |
For 2019, First National Bank Of Weatherford's most frequently cited loan duration was Other, with 37 originations.
Loan Sizing
2019 saw First National Bank Of Weatherford place emphasis on $100,000 or less loans with 11 originations, totaling $685,000 in origination value.
Applicant Income
First National Bank Of Weatherford lent most frequently to those with incomes in the $150k-250k range, with 7 originations. The second most popular income band? $250k+, with 7 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 37 | $20,685,000 | $559,054 | $0 | 0.00% |
First National Bank Of Weatherford lent most frequently to those with DTI ratios of Exempt%, with 37 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Not applicable | 14 | $15,200,000 | $1,085,714 | $0 | 0.00% |
| White | 23 | $5,485,000 | $238,478 | $0 | 0.00% |
Approval Rates
Total approvals of all applications93.33%
First National Bank Of Weatherford has an average approval rate.
Pick Rate
Approvals leading to origination86.49%
First National Bank Of Weatherford has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 37 | $20,685,000 | $559,054 |
Occupancy Type Mix
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| FIRST NATIONAL BANK OF OMAHA | Conventional home mortgage | Closing on a mortgage | 2 | 33.3% |
| FIRST NATIONAL BANK OF OMAHA | Conventional home mortgage | Struggling to pay mortgage | 1 | 16.7% |
| FIRST NATIONAL BANK OF OMAHA | Conventional home mortgage | Trouble during payment process | 3 | 50.0% |