First National Bank Texas Mortgage Rates, Fees & Info

Killeen, TX

LEI: 5493006KQF5UKZ3Y9N07

Tax ID: 74-2681037

5 stars - Updated: 5/20/24 - out of 5 stars, based on 29 reviews

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

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Mortgage Data

Review & Overview

First National Bank Texas is a smaller bank specializing in Home Purchase loans. They have an average proportion of FHA loans. First National Bank Texas has a high proportion of conventional loans. Their top markets by origination volume include: Killeen, El Paso, Austin, Dallas, and Mcallen among others. We have data for 58 markets. (Some data included below & more in-depth data is available with an active subscription.)

First National Bank Texas has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. First National Bank Texas is typically a high 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.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
Home Equity Line of Credit (HELOC) 6.27% 5/20/24
30 Year Conventional Purchase 6.88% 5/20/24
30 Year Conventional Refi 6.85% 5/20/24
30 Year FHA Purchase 7.71% 5/20/24
30 Year FHA Refi 7.46% 5/20/24
30 Year VA Purchase 6.31% 5/20/24
30 Year VA Refi 6.17% 5/20/24
30 Year USDA Purchase 6.27% 5/20/24
15 Year Conventional Purchase 6.28% 5/20/24
15 Year Conventional Refi 6.55% 5/20/24
15 Year Cash-out Refi 6.55% 5/20/24
15 Year FHA Purchase 5.68% 5/20/24
15 Year VA Refi 6.57% 5/20/24
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.

First National Bank Texas Mortgage Calculator






Your Estimates

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

This is not an official calculator from First National Bank Texas. 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

862

Origination Dollar Volume (All Markets)

$317,620,000
Show all (9) awards

Relative Rate

First National Bank Texas's average 30 year fixed mortgage rate was 6.33%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of -0.15%.

Relative Fees (Closing Costs)

First National Bank Texas's average total fees/closing costs for a 30 year fixed rate mortgage were $8,701.

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
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 364 $112,340,000 $308,626 $7,869 6.21%
EL PASO, TX (FHA|USDA|VA) 214 $48,340,000 $225,888 $8,428 6.38%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 15 $43,065,000 $2,871,000 $6,917 6.58%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 24 $26,250,000 $1,093,750 $8,869 6.72%
MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 4 $19,070,000 $4,767,500 $11,113 7.00%
WACO, TX (FHA|USDA|VA) 71 $17,235,000 $242,746 $9,019 6.50%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 36 $16,020,000 $445,000 $9,449 6.83%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 20 $6,080,000 $304,000 $10,757 7.14%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 19 $4,515,000 $237,632 $7,731 7.03%
CORPUS CHRISTI, TX (FHA|USDA|VA) 12 $3,220,000 $268,333 $8,883 6.43%
Outside of Metro Areas 12 $2,930,000 $244,167 $9,151 6.69%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 3 $1,765,000 $588,333 $15,850 7.71%
Alice, TX (FHA|USDA|VA) 8 $1,530,000 $191,250 $9,098 6.70%
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 4 $1,400,000 $350,000 $10,974 6.73%
AMARILLO, TX (FHA|USDA|VA) 4 $750,000 $187,500 $9,066 6.40%
LAS CRUCES, NM (FHA|USDA|VA) 2 $730,000 $365,000 $8,261 6.56%
CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) 1 $585,000 $585,000 $17,638 6.25%
Thomaston, GA (FHA|USDA|VA) 1 $565,000 $565,000 $31,848 5.75%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 1 $545,000 $545,000 $21,054 7.75%
Ruidoso, NM (FHA|USDA|VA) 2 $510,000 $255,000 $7,898 7.25%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 1 $475,000 $475,000 $5,359 7.13%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 2 $450,000 $225,000 $4,526 6.93%
SHERMAN-DENISON, TX (FHA|USDA|VA) 1 $445,000 $445,000 $8,016 5.88%
Pinehurst-Southern Pines, NC (FHA|USDA|VA) 1 $385,000 $385,000 $14,880 5.63%
SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) 1 $385,000 $385,000 $13,810 5.88%
Athens, TX (FHA|USDA|VA) 2 $380,000 $190,000 $9,058 6.19%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $365,000 $365,000 $16,098 5.50%
MIDLAND, TX (FHA|USDA|VA) 1 $355,000 $355,000 $11,456 6.75%
WICHITA, KS (FHA|USDA|VA) 1 $345,000 $345,000 $10,517 5.63%
Hobbs, NM (FHA|USDA|VA) 1 $335,000 $335,000 $11,057 5.75%
COLORADO SPRINGS, CO (FHA|USDA|VA) 1 $335,000 $335,000 $4,449 6.00%
FARMINGTON, NM (FHA|USDA|VA) 1 $325,000 $325,000 $11,771 6.50%
TUCSON, AZ (FHA|USDA|VA) 1 $315,000 $315,000 $19,318 4.88%
SAN ANGELO, TX (FHA|USDA|VA) 1 $305,000 $305,000 $14,337 5.75%
LUBBOCK, TX (FHA|USDA|VA) 2 $300,000 $150,000 $7,785 6.00%
HUNTSVILLE, AL (FHA|USDA|VA) 1 $295,000 $295,000 $400 5.63%
ALBUQUERQUE, NM (FHA|USDA|VA) 1 $285,000 $285,000 $12,198 5.25%
OKLAHOMA CITY, OK (FHA|USDA|VA) 2 $280,000 $140,000 $7,149 6.06%
SALT LAKE CITY, UT (FHA|USDA|VA) 1 $265,000 $265,000 $0 7.99%
Pampa, TX (FHA|USDA|VA) 2 $260,000 $130,000 $7,897 6.94%
LONGVIEW, TX (FHA|USDA|VA) 1 $245,000 $245,000 $9,714 5.75%
Roswell, NM (FHA|USDA|VA) 2 $240,000 $120,000 $5,454 6.06%
COLUMBUS, GA-AL (FHA|USDA|VA) 1 $235,000 $235,000 $5,028 6.25%
Cedar City, UT (FHA|USDA|VA) 1 $235,000 $235,000 $5,735 6.38%
Huntsville, TX (FHA|USDA|VA) 1 $215,000 $215,000 $8,860 6.13%
Lufkin, TX (FHA|USDA|VA) 1 $215,000 $215,000 $13,694 6.13%
Hereford, TX (FHA|USDA|VA) 1 $215,000 $215,000 $8,860 6.88%
Stephenville, TX (FHA|USDA|VA) 1 $215,000 $215,000 $10,890 6.63%
TYLER, TX (FHA|USDA|VA) 1 $205,000 $205,000 $7,795 7.99%
LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 1 $185,000 $185,000 $11,776 6.63%
ODESSA, TX (FHA|USDA|VA) 2 $170,000 $85,000 $4,427 7.52%
BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 1 $165,000 $165,000 $7,741 7.13%
VICTORIA, TX (FHA|USDA|VA) 1 $155,000 $155,000 $7,740 7.50%
SPARTANBURG, SC (FHA|USDA|VA) 1 $155,000 $155,000 $0 6.88%
YUMA, AZ (FHA|USDA|VA) 1 $145,000 $145,000 $4,401 8.13%
Alamogordo, NM (FHA|USDA|VA) 1 $115,000 $115,000 $5,529 6.25%
Dumas, TX (FHA|USDA|VA) 1 $95,000 $95,000 $6,882 7.38%
Corsicana, TX (FHA|USDA|VA) 1 $85,000 $85,000 $5,259 6.25%
First National Bank Texas's top markets include Killeen, El Paso, Austin, Dallas, and Mcallen among others.

Their top states include:
  • Texas (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • New Mexico (FHA|USDA|VA)
  • Washington (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against First National Bank Texas 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
    FHA 331 $78,675,000 $237,689 $10,512 6.33%
    VA 295 $98,545,000 $334,051 $6,984 6.04%
    Conventional 236 $140,400,000 $594,915 $6,857 6.97%

    For 2023, First National Bank Texas's most frequently originated type of loan was FHA, with 331 originations. Their 2nd most popular type was VA, with 295 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 792 $303,430,000 $383,119 $8,633 6.36%
    Refi 67 $13,565,000 $202,463 $5,564 6.98%
    Home Improvement 3 $625,000 $208,333 $1,773 6.93%

    For 2023, First National Bank Texas's most frequently cited loan purpose was Home Purchase, with 792 originations. The 2nd most popular reason was Refi, with 67 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 787 $222,625,000 $282,878 $8,701 6.33%
    20 Year 32 $5,910,000 $184,688 $1,722 7.19%
    10 Year 15 $1,745,000 $116,333 $918 7.53%
    15 Year 15 $22,085,000 $1,472,333 $2,769 6.83%
    Other 8 $4,790,000 $598,750 $129 7.50%
    5 Year 5 $60,465,000 $12,093,000 $8,845 6.91%

    For 2023, First National Bank Texas's most frequently cited loan duration was 30 Year, with 787 originations. The 2nd most popular length was 20 Year, with 32 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 244 $59,890,000 $245,451
    $<1k 217 $60,285,000 $277,811
    $5k+ 140 $52,040,000 $371,714
    $2k-3k 77 $18,545,000 $240,844
    $3k-4k 66 $16,400,000 $248,485
    $4k-5k 63 $17,155,000 $272,302

    First National Bank Texas's average total fees were $8,701, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 244 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 323 $107,305,000 $332,214
    5-6% 306 $127,760,000 $417,516
    7-8% 179 $66,985,000 $374,218
    4-5% 35 $10,875,000 $310,714
    Over 8% 19 $4,695,000 $247,105

    During 2023, First National Bank Texas's average interest rate for loans was 6.33%, while their most frequently originated rate bucket for loans was 6-7%, with 323 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 476 $132,670,000 $278,718 $8,974 6.26%
    $100k-200k 207 $33,585,000 $162,246 $6,879 6.56%
    $400k-600k 97 $46,005,000 $474,278 $10,078 6.46%
    $100,000 or less 47 $2,955,000 $62,872 $2,453 6.95%
    $600k-1MM 28 $18,940,000 $676,429 $12,488 6.47%
    $1MM+ 7 $83,465,000 $11,923,571 $25,525 6.91%

    2023 saw First National Bank Texas place emphasis on $200k-400k loans with 476 originations, totaling $132,670,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 225 $71,955,000 $319,800 $8,796 6.34%
    $50k-75k 216 $45,410,000 $210,231 $7,687 6.27%
    $75k-100k 184 $44,520,000 $241,957 $8,184 6.43%
    $150k-250k 97 $39,215,000 $404,278 $10,190 6.45%
    $50k or less 69 $9,725,000 $140,942 $6,411 6.27%
    $250k+ 30 $15,090,000 $503,000 $11,430 7.11%

    First National Bank Texas lent most frequently to those with incomes in the $100k-150k range, with 225 originations. The second most popular income band? $50k-75k, with 216 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    50-60% 187 $55,095,000 $294,626 $9,056 6.30%
    30-36% 86 $21,080,000 $245,116 $7,592 6.31%
    20-30% 65 $16,675,000 $256,538 $7,714 6.45%
    49% 48 $13,430,000 $279,792 $9,469 6.18%
    48% 47 $14,275,000 $303,723 $9,153 6.38%
    44% 43 $11,595,000 $269,651 $7,209 6.64%
    46% 39 $10,595,000 $271,667 $8,200 6.37%
    45% 39 $10,875,000 $278,846 $9,422 6.50%
    47% 38 $10,040,000 $264,211 $8,343 5.94%
    43% 34 $7,960,000 $234,118 $7,448 6.36%
    41% 32 $9,680,000 $302,500 $9,789 6.29%
    40% 31 $7,935,000 $255,968 $6,468 6.70%
    42% 29 $8,095,000 $279,138 $9,237 6.31%
    38% 23 $5,685,000 $247,174 $7,790 6.57%
    39% 23 $6,185,000 $268,913 $7,428 6.64%
    36% 22 $5,620,000 $255,455 $8,160 6.58%
    <20% 18 $4,020,000 $223,333 $5,257 6.72%
    37% 14 $5,520,000 $394,286 $9,730 6.14%
    >60% 8 $3,730,000 $466,250 $10,437 6.39%

    First National Bank Texas lent most frequently to those with DTI ratios of 50-60%, with 187 originations. The next most common DTI ratio? 30-36%, with 86 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 536 $144,280,000 $269,179 $8,740 6.42%
    Not applicable 34 $88,720,000 $2,609,412 $0 7.19%
    Not provided 162 $46,800,000 $288,889 $7,741 6.34%
    Black 115 $33,585,000 $292,043 $7,705 6.26%
    American Indian 6 $1,470,000 $245,000 $8,513 6.13%
    Asian 5 $1,365,000 $273,000 $9,410 6.25%
    Native Hawaiian or Islander 2 $860,000 $430,000 $12,148 6.63%
    Samoan 1 $285,000 $285,000 $3,677 5.75%
    Filipino 1 $255,000 $255,000 $4,713 6.50%

    Approval Rates

    Total approvals of all applications
    90.24%

    First National Bank Texas has an average approval rate.

    Pick Rate

    Approvals leading to origination
    68.68%

    First National Bank Texas 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 862 $317,620,000 $368,469

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    862 $317,620,000 $368,469

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 23 $2,885,000 $125,435 $2,889 6.52%
    40-60% 40 $28,830,000 $720,750 $6,853 6.76%
    60-80% 94 $28,950,000 $307,979 $7,967 6.99%
    80-100% 610 $173,540,000 $284,492 $8,646 6.31%
    Over 100% 77 $82,465,000 $1,070,974 $10,842 6.00%
    Under 20% 18 $950,000 $52,778 $750 7.28%