First Texas Bank Mortgage Rates, Fees & Info

Georgetown, TX

LEI: 5493005QU87D4OE5GZ21

Tax ID: 74-0619680

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    First Texas Bank is a smaller bank specializing in Other and Home Purchase loans. First Texas Bank has a high proportion of conventional loans. Their top (well, only) market is Austin.

    First Texas Bank 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.

    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.

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    Originations

    28

    Origination Dollar Volume (All Markets)

    $7,270,000

    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) 26 $6,380,000 $245,385 $0 0.00%
    Outside of Metro Areas 2 $890,000 $445,000 $0 0.00%
    First Texas Bank's top markets include and Austin among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 28 $7,270,000 $259,643 $0 0.00%

    For 2023, First Texas Bank's most frequently originated type of loan was Conventional, with 28 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Other 11 $1,465,000 $133,182 $0 0.00%
    Home Purchase 9 $3,895,000 $432,778 $0 0.00%
    Cash Out Refi 5 $655,000 $131,000 $0 0.00%
    Refi 3 $1,255,000 $418,333 $0 0.00%

    For 2023, First Texas Bank's most frequently cited loan purpose was Other, with 11 originations. The 2nd most popular reason was Home Purchase, with 9 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 28 $7,270,000 $259,643 $0 0.00%

    For 2023, First Texas Bank's most frequently cited loan duration was Other, with 28 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 11 $2,975,000 $270,455 $0 0.00%
    $100,000 or less 10 $530,000 $53,000 $0 0.00%
    $400k-600k 3 $1,395,000 $465,000 $0 0.00%
    $100k-200k 2 $280,000 $140,000 $0 0.00%
    $1MM+ 1 $1,405,000 $1,405,000 $0 0.00%
    $600k-1MM 1 $685,000 $685,000 $0 0.00%

    2023 saw First Texas Bank place emphasis on $200k-400k loans with 11 originations, totaling $2,975,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 8 $2,620,000 $327,500 $0 0.00%
    $50k or less 4 $290,000 $72,500 $0 0.00%
    $150k-250k 3 $1,245,000 $415,000 $0 0.00%
    $50k-75k 3 $255,000 $85,000 $0 0.00%
    $100k-150k 2 $290,000 $145,000 $0 0.00%
    $75k-100k 2 $110,000 $55,000 $0 0.00%

    First Texas Bank lent most frequently to those with incomes in the $250k+ range, with 8 originations. The second most popular income band? $50k or less, with 4 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 28 $7,270,000 $259,643 $0 0.00%

    First Texas Bank lent most frequently to those with DTI ratios of Exempt%, with 28 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 22 $4,440,000 $201,818 $0 0.00%
    Not applicable 5 $2,425,000 $485,000 $0 0.00%
    Black 1 $405,000 $405,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    86.05%

    First Texas Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    67.86%

    First Texas Bank 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
    Exempt 28 $7,270,000 $259,643

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    28 $7,270,000 $259,643