Texas Gulf Bank Mortgage Rates, Fees & Info
HOUSTON, TXLEI: 54930031J0Z4IG9PQZ65
Tax ID: 74-0633640
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Texas Gulf Bank is a smaller bank specializing in Home Purchase loans. Texas Gulf Bank has a high proportion of conventional loans. Their top markets by origination volume include: Houston, Fredericksburg, Hot Springs, and Rockport among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)Texas Gulf Bank has an average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders. Texas Gulf Bank is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have relatively high rates.
We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.
Originations
31Origination Dollar Volume (All Markets)
$28,005,000Relative Rate
Texas Gulf Bank's average 30 year fixed mortgage rate was
6.91%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 0.43%.
Relative Fees (Closing Costs)
Texas Gulf Bank's average total fees/closing costs for a 30 year fixed rate
mortgage were $5,731.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $9,089.
Top 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) | 27 | $25,155,000 | $931,667 | $9,963 | 6.86% |
| Fredericksburg, TX (FHA|USDA|VA) | 1 | $1,145,000 | $1,145,000 | $16,264 | 6.20% |
| Outside of Metro Areas | 1 | $1,005,000 | $1,005,000 | $14,273 | 5.63% |
| HOT SPRINGS, AR (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $6,165 | 6.53% |
| Rockport, TX (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $746 | 7.98% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 31 | $28,005,000 | $903,387 | $9,870 | 6.83% |
For 2023, Texas Gulf Bank's most frequently originated type of loan was Conventional, with 31 originations.
Loan Reason
For 2023, Texas Gulf Bank's most frequently cited loan purpose was Home Purchase, with 18 originations. The 2nd most popular reason was Other, with 5 originations.
Loan Duration/Length
For 2023, Texas Gulf Bank's most frequently cited loan duration was Other, with 14 originations. The 2nd most popular length was 30 Year, with 13 originations.
Origination Fees/Closing Costs
Texas Gulf Bank's average total fees were $5,731, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 7 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 13 | $9,245,000 | $711,154 |
| 7-8% | 11 | $10,585,000 | $962,273 |
| 5-6% | 6 | $8,110,000 | $1,351,667 |
| Over 8% | 1 | $65,000 | $65,000 |
During 2023, Texas Gulf Bank's average interest rate for loans was 6.91%, while their most frequently originated rate bucket for loans was 6-7%, with 13 originations.
Loan Sizing
2023 saw Texas Gulf Bank place emphasis on $1MM+ loans with 11 originations, totaling $21,435,000 in origination value.
Applicant Income
Texas Gulf Bank lent most frequently to those with incomes in the $250k+ range, with 18 originations. The second most popular income band? $150k-250k, with 5 originations.
Applicant Debt to Income Ratio
Texas Gulf Bank lent most frequently to those with DTI ratios of <20%, with 5 originations. The next most common DTI ratio? 20-30%, with 5 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications84.21%
Texas Gulf Bank has a below average approval rate.
Pick Rate
Approvals leading to origination96.77%
Texas Gulf Bank has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 31 | $28,005,000 | $903,387 |