International Bank Of Commerce Mortgage Rates, Fees & Info

Laredo, TX

LEI: 5493005GNZ6EJFS7LM83

Tax ID: 74-1541057

4.9 stars - Updated: 2/26/24 - out of 5 stars, based on 32 reviews

Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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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: Austin, Houston, Dallas, San Antonio, and Mcallen among others. We have data for 45 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 about average 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% 2/26/24
30 Year Conventional Refi 6.69% 2/26/24
30 Year Cash-out Refi 6.86% 2/26/24
30 Year FHA Purchase 7.80% 2/26/24
30 Year FHA Refi 8.12% 2/26/24
30 Year VA Purchase 6.33% 2/26/24
15 Year Conventional Purchase 7.30% 2/26/24
15 Year Conventional Refi 7.26% 2/26/24
15 Year Cash-out Refi 7.26% 2/26/24
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






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from International Bank Of Commerce. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

1,045

Origination Dollar Volume (All Markets)

$184,925,000

Awards

International Bank of Commerce 30 Year Conventional Loans silver International Bank of Commerce 30 Year Conventional Loans silver International Bank of Commerce 30 Year Conventional Loans silver
Show all (3) awards

Relative Rate

International Bank Of Commerce's average 30 year fixed mortgage rate was 5.09%.

The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

This yields a difference of 0.33%.

Relative Fees (Closing Costs)

International Bank Of Commerce's average total fees/closing costs for a 30 year fixed rate mortgage were $5,609.

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 $4,750.

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
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 192 $36,650,000 $190,885 $1,628 5.59%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 211 $32,655,000 $154,763 $1,046 5.76%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 201 $29,445,000 $146,493 $829 5.80%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 102 $22,460,000 $220,196 $2,750 5.56%
MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 62 $12,240,000 $197,419 $4,353 5.14%
LAREDO, TX (FHA|USDA|VA) 48 $11,210,000 $233,542 $5,281 5.34%
BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 37 $7,355,000 $198,784 $3,482 5.29%
Outside of Metro Areas 37 $4,735,000 $127,973 $1,182 6.50%
TULSA, OK (FHA|USDA|VA) 32 $4,450,000 $139,063 $3,819 5.30%
CORPUS CHRISTI, TX (FHA|USDA|VA) 15 $4,345,000 $289,667 $5,374 4.95%
OKLAHOMA CITY, OK (FHA|USDA|VA) 25 $4,195,000 $167,800 $3,254 4.90%
Eagle Pass, TX (FHA|USDA|VA) 11 $3,025,000 $275,000 $4,644 5.48%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 2 $2,460,000 $1,230,000 $0 5.88%
Rockport, TX (FHA|USDA|VA) 3 $795,000 $265,000 $4,238 5.00%
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 5 $745,000 $149,000 $1,765 5.02%
EL PASO, TX (FHA|USDA|VA) 5 $675,000 $135,000 $1,246 6.05%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 4 $620,000 $155,000 $305 5.88%
Miami, OK (FHA|USDA|VA) 5 $555,000 $111,000 $4,306 5.88%
LUBBOCK, TX (FHA|USDA|VA) 3 $495,000 $165,000 $580 5.79%
Fredericksburg, TX (FHA|USDA|VA) 4 $480,000 $120,000 $509 6.25%
Del Rio, TX (FHA|USDA|VA) 4 $460,000 $115,000 $4,022 4.81%
Ardmore, OK (FHA|USDA|VA) 3 $395,000 $131,667 $2,341 5.17%
SHERMAN-DENISON, TX (FHA|USDA|VA) 3 $385,000 $128,333 $591 5.58%
VICTORIA, TX (FHA|USDA|VA) 2 $370,000 $185,000 $3,407 5.44%
Rio Grande City-Roma, TX (FHA|USDA|VA) 4 $360,000 $90,000 $1,945 5.06%
Zapata, TX (FHA|USDA|VA) 1 $355,000 $355,000 $0 5.75%
Athens, TX (FHA|USDA|VA) 3 $345,000 $115,000 $554 6.25%
Gainesville, TX (FHA|USDA|VA) 1 $285,000 $285,000 $481 5.00%
LAWTON, OK (FHA|USDA|VA) 2 $260,000 $130,000 $7,053 5.75%
Mineral Wells, TX (FHA|USDA|VA) 1 $255,000 $255,000 $657 7.75%
MIDLAND, TX (FHA|USDA|VA) 1 $215,000 $215,000 $817 6.24%
McAlester, OK (FHA|USDA|VA) 1 $205,000 $205,000 $36 5.50%
BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 1 $205,000 $205,000 $482 7.00%
ABILENE, TX (FHA|USDA|VA) 1 $205,000 $205,000 $712 6.24%
Brownwood, TX (FHA|USDA|VA) 1 $195,000 $195,000 $881 5.63%
LONGVIEW, TX (FHA|USDA|VA) 1 $135,000 $135,000 $452 6.24%
Port Lavaca, TX (FHA|USDA|VA) 2 $130,000 $65,000 $1,624 6.00%
Granbury, TX (FHA|USDA|VA) 2 $120,000 $60,000 $331 5.50%
TYLER, TX (FHA|USDA|VA) 1 $115,000 $115,000 $436 6.24%
Bay City, TX (FHA|USDA|VA) 1 $85,000 $85,000 $613 6.75%
Duncan, OK (FHA|USDA|VA) 1 $75,000 $75,000 $6,027 5.63%
Big Spring, TX (FHA|USDA|VA) 1 $65,000 $65,000 $4,509 4.75%
WACO, TX (FHA|USDA|VA) 1 $55,000 $55,000 $125 5.74%
Pearsall, TX (FHA|USDA|VA) 1 $35,000 $35,000 $164 5.38%
El Campo, TX (FHA|USDA|VA) 1 $25,000 $25,000 $582 5.75%
International Bank Of Commerce's top markets include Austin, Houston, Dallas, San Antonio, and Mcallen among others.

Their top states include:
  • Texas (FHA|USDA|VA)
  • Oklahoma (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • 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.

    First Oklahoma Mortgage, LLC
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,018 $178,590,000 $175,432 $1,737 5.63%
    FHA 22 $4,860,000 $220,909 $9,359 5.24%
    VA 5 $1,475,000 $295,000 $9,238 4.88%

    For 2022, International Bank Of Commerce's most frequently originated type of loan was Conventional, with 1,018 originations. Their 2nd most popular type was FHA, with 22 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 737 $135,875,000 $184,362 $2,018 5.75%
    Home Improvement 120 $14,360,000 $119,667 $781 5.58%
    Refi 75 $13,505,000 $180,067 $2,081 5.13%
    Cash Out Refi 73 $15,335,000 $210,068 $3,395 5.00%
    Other 40 $5,850,000 $146,250 $1,801 5.35%

    For 2022, International Bank Of Commerce's most frequently cited loan purpose was Home Purchase, with 737 originations. The 2nd most popular reason was Home Improvement, with 120 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 551 $72,325,000 $131,261 $815 5.82%
    30 Year 260 $77,510,000 $298,115 $5,609 5.09%
    20 Year 171 $20,575,000 $120,322 $767 5.83%
    10 Year 28 $2,710,000 $96,786 $868 5.03%
    Other 27 $7,715,000 $285,741 $2,860 5.82%
    5 Year 7 $3,835,000 $547,857 $0 5.29%
    1 Year 1 $255,000 $255,000 $0 6.50%

    For 2022, International Bank Of Commerce's most frequently cited loan duration was 15 Year, with 551 originations. The 2nd most popular length was 30 Year, with 260 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 745 $94,765,000 $127,201
    $1k-2k 175 $52,475,000 $299,857
    $2k-3k 24 $5,750,000 $239,583
    $3k-4k 15 $5,615,000 $374,333
    $4k-5k 7 $2,255,000 $322,143
    $5k+ 7 $2,745,000 $392,143

    International Bank Of Commerce's average total fees were $5,609, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 745 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 572 $95,490,000 $166,941
    6-7% 202 $30,860,000 $152,772
    4-5% 137 $24,945,000 $182,080
    3-4% 78 $25,070,000 $321,410
    7-8% 42 $5,750,000 $136,905
    Over 8% 7 $725,000 $103,571
    2.5-3% 5 $1,515,000 $303,000
    <2.5% 2 $570,000 $285,000

    During 2022, International Bank Of Commerce's average interest rate for loans was 5.09%, while their most frequently originated rate bucket for loans was 5-6%, with 572 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 434 $60,200,000 $138,710 $1,329 5.75%
    $100,000 or less 315 $21,025,000 $66,746 $871 5.75%
    $200k-400k 228 $60,110,000 $263,640 $3,258 5.39%
    $400k-600k 45 $21,465,000 $477,000 $7,786 4.96%
    $600k-1MM 17 $12,485,000 $734,412 $8,806 4.41%
    $1MM+ 6 $9,640,000 $1,606,667 $10,041 5.63%

    2022 saw International Bank Of Commerce place emphasis on $100k-200k loans with 434 originations, totaling $60,200,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 365 $73,555,000 $201,521 $1,199 5.83%
    $150k-250k 304 $44,370,000 $145,954 $1,068 5.76%
    $100k-150k 123 $22,285,000 $181,179 $3,260 5.49%
    $50k-75k 75 $11,255,000 $150,067 $3,526 5.19%
    $50k or less 65 $6,205,000 $95,462 $3,169 5.10%
    $75k-100k 58 $13,270,000 $228,793 $4,585 5.26%

    International Bank Of Commerce lent most frequently to those with incomes in the $250k+ range, with 365 originations. The second most popular income band? $150k-250k, with 304 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 195 $30,655,000 $157,205 $1,781 5.52%
    30-36% 180 $29,120,000 $161,778 $1,805 5.62%
    46% 69 $10,125,000 $146,739 $1,359 6.11%
    42% 69 $11,535,000 $167,174 $1,628 5.64%
    <20% 52 $14,730,000 $283,269 $3,891 5.29%
    36% 52 $8,800,000 $169,231 $1,858 5.66%
    40% 52 $7,140,000 $137,308 $1,609 5.82%
    45% 51 $8,065,000 $158,137 $2,089 5.58%
    44% 48 $7,300,000 $152,083 $1,359 6.03%
    43% 41 $6,595,000 $160,854 $1,830 5.65%
    41% 40 $5,980,000 $149,500 $1,262 5.78%
    38% 39 $5,235,000 $134,231 $1,146 5.72%
    39% 38 $4,560,000 $120,000 $1,545 5.53%
    37% 32 $6,330,000 $197,813 $1,762 5.47%
    49% 21 $6,145,000 $292,619 $5,600 4.70%
    48% 14 $4,280,000 $305,714 $5,497 5.19%
    47% 12 $5,270,000 $439,167 $4,350 5.02%
    50-60% 4 $1,120,000 $280,000 $8,095 4.03%

    International Bank Of Commerce lent most frequently to those with DTI ratios of 20-30%, with 195 originations. The next most common DTI ratio? 30-36%, with 180 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 699 $122,825,000 $175,715 $2,001 5.60%
    Asian 148 $29,000,000 $195,946 $1,983 5.53%
    Not provided 100 $14,140,000 $141,400 $1,536 5.73%
    Not applicable 28 $9,010,000 $321,786 $0 5.58%
    Black 42 $6,380,000 $151,905 $1,945 5.71%
    American Indian 17 $1,915,000 $112,647 $2,604 5.73%
    Asian Indian 8 $1,130,000 $141,250 $526 5.91%
    Vietnamese 1 $275,000 $275,000 $5,124 5.75%
    Native Hawaiian or Islander 2 $250,000 $125,000 $578 6.37%

    Approval Rates

    Total approvals of all applications
    85.68%

    International Bank Of Commerce has an average approval rate.

    Pick Rate

    Approvals leading to origination
    66.79%

    International Bank Of Commerce has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,045 $184,925,000 $176,962

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,045 $184,925,000 $176,962

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 161 $28,455,000 $176,739 $898 5.68%
    40-60% 67 $14,385,000 $214,701 $4,094 5.25%
    60-80% 130 $41,810,000 $321,615 $5,418 5.06%
    80-100% 144 $40,590,000 $281,875 $5,583 5.12%
    Over 100% 1 $295,000 $295,000 $12,022 5.75%
    Under 20% 542 $59,390,000 $109,576 $560 5.91%

    Complaints

    Bank Name Product Issue 2022 CPFB Complaints % of Total Issues
    INTERFIRST MORTGAGE COMPANY Conventional home mortgage Closing on a mortgage 1 100.0%