First Texas Bank Mortgage Rates, Fees & Info
Georgetown, TXLEI: 5493005QU87D4OE5GZ21
Tax ID: 74-0619680
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Mortgage Data
Review & Overview
First Texas Bank is a smaller bank specializing in Home Purchase loans. First Texas Bank has a high proportion of conventional loans. Their top markets by origination volume include: Austin, Waco, and College Station among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)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.
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Originations
27Origination Dollar Volume (All Markets)
$15,345,000Top 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 |
|---|---|---|---|---|---|
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 22 | $14,370,000 | $653,182 | $0 | 0.00% |
| Outside of Metro Areas | 3 | $835,000 | $278,333 | $0 | 0.00% |
| WACO, TX (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 0.00% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 27 | $15,345,000 | $568,333 | $0 | 0.00% |
For 2019, First Texas Bank's most frequently originated type of loan was Conventional, with 27 originations.
Loan Reason
For 2019, First Texas Bank's most frequently cited loan purpose was Home Purchase, with 12 originations. The 2nd most popular reason was Other, with 7 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 27 | $15,345,000 | $568,333 | $0 | 0.00% |
For 2019, First Texas Bank's most frequently cited loan duration was Other, with 27 originations.
Loan Sizing
2019 saw First Texas Bank place emphasis on $100,000 or less loans with 14 originations, totaling $630,000 in origination value.
Applicant Income
First Texas Bank lent most frequently to those with incomes in the $75k-100k range, with 6 originations. The second most popular income band? $250k+, with 4 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 27 | $15,345,000 | $568,333 | $0 | 0.00% |
First Texas Bank lent most frequently to those with DTI ratios of Exempt%, with 27 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Not applicable | 5 | $12,765,000 | $2,553,000 | $0 | 0.00% |
| White | 22 | $2,580,000 | $117,273 | $0 | 0.00% |
Approval Rates
Total approvals of all applications83.33%
First Texas Bank has a below average approval rate.
Pick Rate
Approvals leading to origination70.37%
First Texas Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 27 | $15,345,000 | $568,333 |
Occupancy Type Mix
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| FIRST HORIZON BANK | Conventional home mortgage | Trouble during payment process | 4 | 26.7% |
| FIRST HORIZON BANK | VA mortgage | Closing on a mortgage | 1 | 6.7% |
| FIRST HORIZON BANK | VA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 6.7% |
| FIRST HORIZON BANK | FHA mortgage | Struggling to pay mortgage | 1 | 6.7% |
| FIRST HORIZON BANK | Other type of mortgage | Trouble during payment process | 1 | 6.7% |
| FIRST HORIZON BANK | Home equity loan or line of credit (HELOC) | Trouble during payment process | 3 | 20.0% |
| FIRST HORIZON BANK | Home equity loan or line of credit (HELOC) | Closing on a mortgage | 1 | 6.7% |
| FIRST HORIZON BANK | FHA mortgage | Trouble during payment process | 2 | 13.3% |
| FIRST HORIZON BANK | Conventional home mortgage | Struggling to pay mortgage | 1 | 6.7% |