Allegiance Bank Mortgage Rates, Fees & Info
Houston, TXLEI: 54930083ZNK6KPUJ7R29
Tax ID: 26-0589597
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Mortgage Data
Review & Overview
Allegiance Bank is a smaller bank specializing in Home Purchase loans. Allegiance Bank has a high proportion of conventional loans. Their top markets by origination volume include: Houston, Beaumont, Austin, Dallas, and Huntsville among others. We have data for 22 markets. (Some data included below & more in-depth data is available with an active subscription.)Allegiance 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. Allegiance Bank 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.27% | 3/24/24 |
| 30 Year Conventional Purchase | 6.07% | 3/24/24 |
| 30 Year Conventional Refi | 5.93% | 3/24/24 |
| 30 Year Cash-out Refi | 5.58% | 3/24/24 |
| 30 Year FHA Purchase | 6.27% | 3/24/24 |
| 15 Year Conventional Purchase | 5.68% | 3/24/24 |
| 15 Year Conventional Refi | 5.68% | 3/24/24 |
| 15 Year Cash-out Refi | 5.68% | 3/24/24 |
| 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. | ||
Allegiance Bank Mortgage Calculator
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Allegiance Bank. 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
722Origination Dollar Volume (All Markets)
$543,440,000Awards
Allegiance Bank - 2022
Allegiance Bank is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
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Relative Rate
Allegiance Bank's average 30 year fixed mortgage rate was
5.21%.
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
This yields a difference of 0.45%.
Relative Fees (Closing Costs)
Allegiance Bank's average total fees/closing costs for a 30 year fixed rate
mortgage were $12,406.
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 |
|---|---|---|---|---|---|
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 585 | $407,225,000 | $696,111 | $12,618 | 5.41% |
| BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) | 59 | $41,395,000 | $701,610 | $8,245 | 5.43% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 6 | $26,240,000 | $4,373,333 | $11,653 | 5.65% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 7 | $22,195,000 | $3,170,714 | $16,743 | 5.56% |
| Outside of Metro Areas | 25 | $20,075,000 | $803,000 | $8,009 | 5.25% |
| Huntsville, TX (FHA|USDA|VA) | 9 | $5,625,000 | $625,000 | $9,980 | 4.86% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $2,725,000 | $2,725,000 | $24,544 | 3.95% |
| Heber, UT (FHA|USDA|VA) | 1 | $2,585,000 | $2,585,000 | $0 | 4.00% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 4 | $2,490,000 | $622,500 | $0 | 5.13% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 7 | $2,425,000 | $346,429 | $10,671 | 4.90% |
| Fredericksburg, TX (FHA|USDA|VA) | 2 | $2,130,000 | $1,065,000 | $14,289 | 4.40% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 3 | $1,775,000 | $591,667 | $5,673 | 5.65% |
| Mineral Wells, TX (FHA|USDA|VA) | 1 | $1,455,000 | $1,455,000 | $27,252 | 5.38% |
| Kalispell, MT (FHA|USDA|VA) | 1 | $1,135,000 | $1,135,000 | $11,762 | 4.95% |
| Bay City, TX (FHA|USDA|VA) | 3 | $1,105,000 | $368,333 | $7,050 | 5.52% |
| BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) | 2 | $950,000 | $475,000 | $0 | 7.40% |
| Rockport, TX (FHA|USDA|VA) | 1 | $875,000 | $875,000 | $0 | 5.25% |
| Brenham, TX (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $7,562 | 4.88% |
| LAFAYETTE, LA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $3,706 | 5.00% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 6.75% |
| Jacksonville, TX (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 7.50% |
| El Campo, TX (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 5.50% |
Similar Lenders
We use machine learning to identify the top lenders compared against Allegiance Bank 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 | 693 | $535,715,000 | $773,038 | $12,047 | 5.41% |
| HELOC | 29 | $7,725,000 | $266,379 | n/a | 5.21% |
For 2022, Allegiance Bank's most frequently originated type of loan was Conventional, with 693 originations. Their 2nd most popular type was HELOC, with 29 originations.
Loan Reason
For 2022, Allegiance Bank's most frequently cited loan purpose was Home Purchase, with 547 originations. The 2nd most popular reason was Refi, with 105 originations.
Loan Duration/Length
For 2022, Allegiance Bank's most frequently cited loan duration was 5 Year, with 254 originations. The 2nd most popular length was Other, with 190 originations.
Origination Fees/Closing Costs
Allegiance Bank's average total fees were $12,406, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 101 originations.
Interest Rates
During 2022, Allegiance Bank's average interest rate for loans was 5.21%, while their most frequently originated rate bucket for loans was 4-5%, with 255 originations.
Loan Sizing
2022 saw Allegiance Bank place emphasis on $200k-400k loans with 183 originations, totaling $53,355,000 in origination value.
Applicant Income
Allegiance Bank lent most frequently to those with incomes in the $250k+ range, with 161 originations. The second most popular income band? $150k-250k, with 56 originations.
Applicant Debt to Income Ratio
Allegiance Bank lent most frequently to those with DTI ratios of 20-30%, with 59 originations. The next most common DTI ratio? 30-36%, with 57 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications87.31%
Allegiance Bank has an average approval rate.
Pick Rate
Approvals leading to origination73.55%
Allegiance Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 722 | $543,440,000 | $752,687 |