International Bank Of Commerce Mortgage Rates, Fees & Info
Laredo, TXLEI: 5493005GNZ6EJFS7LM83
Tax ID: 74-1541057
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Mortgage Data
Review & Overview
International Bank Of Commerce is a smaller bank specializing in Home Purchase loans. International Bank Of Commerce 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, Houston, Austin, San Antonio, and Mcallen among others. We have data for 49 markets. (Some data included below & more in-depth data is available with an active subscription.)International Bank Of Commerce 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. International Bank Of Commerce 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.67% | 12/16/24 |
| 30 Year Conventional Refi | 6.69% | 12/16/24 |
| 30 Year Cash-out Refi | 6.86% | 12/16/24 |
| 30 Year FHA Purchase | 7.80% | 12/16/24 |
| 30 Year FHA Refi | 8.12% | 12/16/24 |
| 30 Year VA Purchase | 6.33% | 12/16/24 |
| 15 Year Conventional Purchase | 7.30% | 12/16/24 |
| 15 Year Conventional Refi | 7.26% | 12/16/24 |
| 15 Year Cash-out Refi | 7.26% | 12/16/24 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
International Bank Of Commerce Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,105Origination Dollar Volume (All Markets)
$212,825,000Awards
International Bank of Commerce - 2023
International Bank of Commerce is a 2023 , due to their low .
For 2023, less than of lenders were eligible for this award.
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Relative Rate
International Bank Of Commerce's average 30 year fixed mortgage rate was
6.45%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of -0.03%.
Relative Fees (Closing Costs)
International Bank Of Commerce's average total fees/closing costs for a 30 year fixed rate
mortgage were $5,287.
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 |
|---|---|---|---|---|---|
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 263 | $46,155,000 | $175,494 | $1,247 | 7.32% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 206 | $35,140,000 | $170,583 | $1,247 | 7.37% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 150 | $32,890,000 | $219,267 | $1,500 | 7.28% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 87 | $22,675,000 | $260,632 | $3,028 | 7.17% |
| MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) | 97 | $18,305,000 | $188,711 | $2,694 | 6.67% |
| LAREDO, TX (FHA|USDA|VA) | 64 | $12,130,000 | $189,531 | $2,755 | 7.20% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 37 | $11,115,000 | $300,405 | $3,342 | 6.76% |
| Outside of Metro Areas | 41 | $8,965,000 | $218,659 | $1,327 | 7.90% |
| BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) | 37 | $5,455,000 | $147,432 | $2,197 | 6.71% |
| TULSA, OK (FHA|USDA|VA) | 23 | $4,135,000 | $179,783 | $3,721 | 6.80% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 19 | $3,035,000 | $159,737 | $3,208 | 6.91% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 1 | $2,455,000 | $2,455,000 | $0 | 8.50% |
| Eagle Pass, TX (FHA|USDA|VA) | 8 | $1,020,000 | $127,500 | $1,434 | 7.32% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 6 | $960,000 | $160,000 | $1,790 | 7.02% |
| WACO, TX (FHA|USDA|VA) | 6 | $690,000 | $115,000 | $393 | 7.33% |
| EL PASO, TX (FHA|USDA|VA) | 4 | $690,000 | $172,500 | $626 | 7.18% |
| LUBBOCK, TX (FHA|USDA|VA) | 4 | $660,000 | $165,000 | $1,802 | 7.50% |
| Fredericksburg, TX (FHA|USDA|VA) | 3 | $655,000 | $218,333 | $2,754 | 7.33% |
| Zapata, TX (FHA|USDA|VA) | 3 | $535,000 | $178,333 | $6,267 | 7.17% |
| Del Rio, TX (FHA|USDA|VA) | 4 | $500,000 | $125,000 | $249 | 6.78% |
| Duncan, OK (FHA|USDA|VA) | 3 | $365,000 | $121,667 | $5,093 | 6.38% |
| Rockport, TX (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $2,517 | 6.94% |
| MIDLAND, TX (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $998 | 7.25% |
| Miami, OK (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $3,413 | 6.31% |
| LAWTON, OK (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $10,611 | 7.13% |
| Athens, TX (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $629 | 7.50% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 3 | $245,000 | $81,667 | $192 | 7.33% |
| Weatherford, OK (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,874 | 6.25% |
| TYLER, TX (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $770 | 7.74% |
| Stephenville, TX (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $913 | 8.00% |
| Rio Grande City-Roma, TX (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $8,837 | 6.75% |
| AMARILLO, TX (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $558 | 7.00% |
| Huntsville, TX (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $930 | 7.50% |
| Port Lavaca, TX (FHA|USDA|VA) | 3 | $175,000 | $58,333 | $2,377 | 6.88% |
| Ada, OK (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $653 | 7.50% |
| Stillwater, OK (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $3,062 | 6.13% |
| Durant, OK (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $588 | 7.24% |
| Gainesville, TX (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $724 | 8.50% |
| BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) | 2 | $110,000 | $55,000 | $413 | 8.00% |
| Ardmore, OK (FHA|USDA|VA) | 2 | $90,000 | $45,000 | $219 | 7.00% |
| Bay City, TX (FHA|USDA|VA) | 2 | $90,000 | $45,000 | $299 | 7.50% |
| LONGVIEW, TX (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $725 | 8.24% |
| Mineral Wells, TX (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $578 | 8.50% |
| El Campo, TX (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $164 | 6.74% |
| Kerrville, TX (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $898 | 7.50% |
| Raymondville, TX (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $219 | 6.75% |
| Kingsville, TX (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $164 | 7.24% |
| VICTORIA, TX (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $164 | 7.24% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $788 | 8.24% |
Similar Lenders
We use machine learning to identify the top lenders compared against International Bank of Commerce based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 1,090 | $210,430,000 | $193,055 | $1,714 | 7.21% |
| FHA | 15 | $2,395,000 | $159,667 | $7,742 | 7.05% |
For 2023, International Bank Of Commerce's most frequently originated type of loan was Conventional, with 1,090 originations. Their 2nd most popular type was FHA, with 15 originations.
Loan Reason
For 2023, International Bank Of Commerce's most frequently cited loan purpose was Home Purchase, with 719 originations. The 2nd most popular reason was Home Improvement, with 134 originations.
Loan Duration/Length
For 2023, International Bank Of Commerce's most frequently cited loan duration was 15 Year, with 466 originations. The 2nd most popular length was 30 Year, with 346 originations.
Origination Fees/Closing Costs
International Bank Of Commerce's average total fees were $5,287, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 721 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 7-8% | 487 | $74,275,000 | $152,515 |
| 6-7% | 418 | $91,170,000 | $218,110 |
| Over 8% | 146 | $32,350,000 | $221,575 |
| 5-6% | 54 | $15,030,000 | $278,333 |
During 2023, International Bank Of Commerce's average interest rate for loans was 6.45%, while their most frequently originated rate bucket for loans was 7-8%, with 487 originations.
Loan Sizing
2023 saw International Bank Of Commerce place emphasis on $100k-200k loans with 428 originations, totaling $61,630,000 in origination value.
Applicant Income
International Bank Of Commerce lent most frequently to those with incomes in the $250k+ range, with 455 originations. The second most popular income band? $150k-250k, with 262 originations.
Applicant Debt to Income Ratio
International Bank Of Commerce lent most frequently to those with DTI ratios of 30-36%, with 162 originations. The next most common DTI ratio? 20-30%, with 161 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications86.79%
International Bank Of Commerce has an average approval rate.
Pick Rate
Approvals leading to origination75.20%
International Bank Of Commerce has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 1,105 | $212,825,000 | $192,602 |