Allegiance Bank Mortgage Rates, Fees & Info

Houston, TX

LEI: 54930083ZNK6KPUJ7R29

Tax ID: 26-0589597

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

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

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

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • 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, Austin, Huntsville, and Beaumont among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Allegiance Bank 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. Allegiance Bank is typically a low 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
    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

    110

    Origination Dollar Volume (All Markets)

    $40,060,000

    Employee count

    573

    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) 101 $37,685,000 $373,119 $6,350 5.38%
    Outside of Metro Areas 2 $1,080,000 $540,000 $13,387 4.85%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 2 $800,000 $400,000 $4,129 4.99%
    Huntsville, TX (FHA|USDA|VA) 1 $335,000 $335,000 $6,834 5.25%
    BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 4 $160,000 $40,000 $0 6.78%
    Allegiance Bank's top markets include Houston, Austin, Huntsville, and Beaumont among others.

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

    • 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.

    CORNERSTONE MORTGAGE PROVIDERS
    Similarity Rank: 291
    PRIORITY HOME MORTGAGE, L.P.
    Similarity Rank: 360
    Priority Bank
    Similarity Rank: 456
    ADVISA MORTGAGE SERVICES, LTD.
    Similarity Rank: 678
    CAPITAL PLUS FINANCIAL, LLC
    Similarity Rank: 729
    JSC
    Similarity Rank: 900
    TEXAS BAY
    Similarity Rank: 980
    OCEANSIDE MORTGAGE COMPANY
    Similarity Rank: 1840
    East West Bank
    Similarity Rank: 1848
    MEMBER HOME LOAN, L.L.C.
    Similarity Rank: 1862

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 110 $40,060,000 $364,182 $6,508 5.41%

    For 2018, Allegiance Bank's most frequently originated type of loan was Conventional, with 110 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 80 $33,100,000 $413,750 $7,669 5.31%
    Refi 15 $3,185,000 $212,333 $3,868 5.92%
    Home Improvement 12 $3,480,000 $290,000 $1,720 5.66%
    Other 3 $295,000 $98,333 $1,138 4.64%

    For 2018, Allegiance Bank's most frequently cited loan purpose was Home Purchase, with 80 originations. The 2nd most popular reason was Refi, with 15 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 53 $25,755,000 $485,943 $7,568 5.03%
    5 Year 36 $7,630,000 $211,944 $0 6.17%
    30 Year 7 $855,000 $122,143 $2,588 4.75%
    20 Year 7 $1,665,000 $237,857 $2,860 4.67%
    1 Year 5 $3,365,000 $673,000 $0 5.78%
    3 Year 1 $655,000 $655,000 $0 6.50%
    10 Year 1 $135,000 $135,000 $0 5.25%

    For 2018, Allegiance Bank's most frequently cited loan duration was Other, with 53 originations. The 2nd most popular length was 5 Year, with 36 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 30 $6,760,000 $225,333
    $1k-2k 13 $4,575,000 $351,923
    $5k+ 9 $9,175,000 $1,019,444
    $3k-4k 5 $2,525,000 $505,000
    $2k-3k 4 $1,320,000 $330,000
    $4k-5k 3 $2,115,000 $705,000

    Allegiance Bank's average total fees were $2,588, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 30 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 53 $23,195,000 $437,642
    5-6% 33 $12,345,000 $374,091
    6-7% 23 $4,185,000 $181,957
    7-8% 1 $335,000 $335,000

    During 2018, Allegiance Bank's average interest rate for loans was 4.75%, while their most frequently originated rate bucket for loans was 4-5%, with 53 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 29 $8,765,000 $302,241 $5,527 5.18%
    $100k-200k 27 $3,725,000 $137,963 $2,720 5.46%
    $100,000 or less 21 $1,375,000 $65,476 $750 5.92%
    $400k-600k 13 $6,245,000 $480,385 $8,745 5.48%
    $600k-1MM 13 $9,145,000 $703,462 $10,023 5.14%
    $1MM+ 7 $10,805,000 $1,543,571 $18,325 5.06%

    2018 saw Allegiance Bank place emphasis on $200k-400k loans with 29 originations, totaling $8,765,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 27 $16,995,000 $629,444 $9,199 4.96%
    $100k-150k 15 $4,085,000 $272,333 $5,121 4.81%
    $150k-250k 12 $3,760,000 $313,333 $5,718 5.62%
    $50k or less 6 $610,000 $101,667 $2,199 4.75%
    $75k-100k 6 $1,430,000 $238,333 $5,557 5.25%
    $50k-75k 3 $445,000 $148,333 $2,701 4.70%

    Allegiance Bank lent most frequently to those with incomes in the $250k+ range, with 27 originations. The second most popular income band? $100k-150k, with 15 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 18 $7,970,000 $442,778 $7,092 5.14%
    20-30% 14 $5,640,000 $402,857 $6,287 4.94%
    42% 9 $3,635,000 $403,889 $8,538 5.24%
    <20% 7 $2,365,000 $337,857 $6,486 4.83%
    39% 5 $2,455,000 $491,000 $6,138 4.95%
    43% 4 $990,000 $247,500 $5,761 5.24%
    36% 3 $975,000 $325,000 $3,780 4.86%
    41% 3 $1,255,000 $418,333 $5,478 4.81%
    40% 2 $850,000 $425,000 $7,492 4.61%
    38% 2 $480,000 $240,000 $2,607 5.53%
    45% 1 $335,000 $335,000 $6,834 5.25%
    47% 1 $375,000 $375,000 $3,944 4.99%

    Allegiance Bank lent most frequently to those with DTI ratios of 30-36%, with 18 originations. The next most common DTI ratio? 20-30%, with 14 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 49 $18,695,000 $381,531 $6,199 5.16%
    Not applicable 38 $11,580,000 $304,737 $0 6.02%
    Not provided 15 $5,865,000 $391,000 $7,111 4.87%
    Black 3 $2,215,000 $738,333 $9,891 5.07%
    Asian 5 $1,705,000 $341,000 $5,392 5.13%

    Approval Rates

    Total approvals of all applications
    92.81%

    Allegiance Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    73.64%

    Allegiance Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 110 $40,060,000 $364,182

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 4 $1,830,000 $457,500
    Single Family (1-4 Units):Manufactured 2 $540,000 $270,000
    Single Family (1-4 Units):Site-Built 104 $37,690,000 $362,404

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 4 $500,000 $125,000 $2,837 5.93%
    40-60% 13 $4,515,000 $347,308 $3,088 5.64%
    60-80% 55 $18,715,000 $340,273 $7,838 5.52%
    80-100% 31 $14,395,000 $464,355 $7,121 5.08%
    Under 20% 7 $1,935,000 $276,429 $345 5.36%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Allegiance Bank 13100 Northwest Freeway, Suite 100 Houston, TX 77040 Full Service B&M $90,155
    Allegiance Bank 1405 North Loop West Houston, TX 77008 Full Service B&M $112,388
    Allegiance Bank 1455 W. Loop South, Suite #150 Houston, TX 77027 Full Service B&M $51,502
    Allegiance Bank 2200 Nasa Rd One, Ste 100 Houston, TX 77058 Full Service B&M $77,893
    Allegiance Bank 2222 North Durham Drive Houston, TX 77008 Full Service B&M $189,684
    Allegiance Bank 2401 Eldridge Parkway, S Houston, TX 77077 Full Service B&M $64,559
    Allegiance Bank 3963 Kirby Drive Blvd Houston, TX 77098 Full Service B&M $202,784
    Allegiance Bank 520 Westgreen Blvd Katy, TX 77450 Full Service B&M $136,188
    Allegiance Bank 5410 Bellaire Blvd. Bellaire, TX 77401 Full Service B&M $172,417
    Allegiance Bank 550 Fm 1489 Brookshire, TX 77423 Full Service B&M $29,695
    Allegiance Bank 6363 Woodway, Suite 100 Houston, TX 77057 Full Service B&M $78,447
    Allegiance Bank 650 W. Bough Lane Suite #140 Houston, TX 77024 Full Service B&M $46,377
    Allegiance Bank 7125 Gulf Freeway Houston, TX 77087 Full Service B&M $136,619
    Allegiance Bank 722 Pin Oak Rd Katy, TX 77494 Full Service B&M $58,631
    Allegiance Bank 8727 W. Sam Houston Parkway North Houston, TX 77040 Full Service B&M $745,746
    Allegiance Bank 8800 Katy Freeway, Suite 110 Houston, TX 77024 Full Service B&M $127,642

    For 2018, Allegiance Bank had 16 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $158,222
    Net interest income $129,273
    Total noninterest income $7,697
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,624
    Trading account gains and fees $0
    Additional Noninterest Income $6,073
    Pre-tax net operating income $46,972
    Securities gains (or losses, -) $0
    Income before extraordinary items $38,663
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $38,663
    Minority interest net income $0
    Net income $38,663
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $38,663

    Allegiance Bank's gross interest income from loans was $158,222,000.
    Allegiance Bank's net interest income from loans was $129,273,000.
    Allegiance Bank's fee based income from loans was $1,624,000.
    Allegiance Bank's net income from loans was $38,663,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $28,949
    Provision for credit losses $4,247
    Total noninterest expense $85,751
    Salaries and employee benefits $56,753
    Premises and equipment expense $8,060
    Additional noninterest expense $20,938
    Applicable income taxes $8,309
    Net charge-offs $1,566
    Cash dividends $0

    Allegiance Bank's interest expense for loans was $28,949,000.
    Allegiance Bank's payroll and benefits expense were $56,753,000.
    Allegiance Bank's property, plant and equipment expenses $8,060,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 0.0%
    Real Estate loans 0.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 1.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 0.0%
    HELOC loans 0.0%
    All other family 0.0%
    Commercial & industrial loans 1.0%
    Personal loans 0.0%
    Credit card loans 0.0%
    Other individual loans 0.0%
    Auto loans 0.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 14.0%

    Deposits

    Type Value (in 000's)
    Total deposits $3,669,055
    Deposits held in domestic offices $3,669,055
    Deposits by Individuals, partnerships, and corporations $3,352,745
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $165,351
    Deposits by Commercial banks and other depository institutions in U.S. $150,959
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $607,590
    Demand deposits $607,590
    Nontransaction accounts $3,061,465
    Money market deposit accounts (MMDAs) $1,763,304
    Other savings deposits (excluding MMDAs) $91,671
    Total time deposits $1,206,490
    Total time and savings deposits $3,061,465
    Noninterest-bearing deposits $1,215,894
    Interest-bearing deposits $2,453,161
    Retail deposits $2,902,477
    IRAs and Keogh plan accounts $35,343
    Brokered deposits $347,760
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $4,653,896
    Cash & Balances due from depository institutions $268,762
    Interest-bearing balances $150,176
    Total securities $337,293
    Federal funds sold & reverse repurchase $413
    Net loans and leases $3,681,975
    Loan and leases loss allowance $26,331
    Trading account assets $0
    Bank premises and fixed assets $41,717
    Other real estate owned $630
    Goodwill and other intangibles $249,650
    All other assets $73,456

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $4,653,896
    Total Liabilities $3,948,290
    Total deposits $3,669,055
    Interest-bearing deposits $2,453,161
    Deposits held in domestic offices $3,669,055
    % insured (estimated) $43
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $225,000
    Subordinated debt $39,485
    All other liabilities $14,750

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $3,681,975
    Loan and leases loss allowance $26,331
    Total loans and leases (domestic) $3,708,306
    All real estate loans $2,917,365
    Real estate loans in domestic offices $2,917,365
    Construction and development loans $616,682
    Residential 1-4 family construction $186,554
    Other construction, all land development and other land $430,128
    Loans secured by nonfarm nonresidential properties $1,523,129
    Nonfarm nonresidential secured by owner-occupied properties $850,025
    Commercial real estate & other non-farm, non-residential $673,104
    Multifamily residential real estate $78,453
    1-4 family residential loans $649,311
    Farmland loans $49,790
    Loans held in foreign offices $0
    Farm loans $6,438
    Commercial and industrial loans $663,493
    To non-U.S. addressees $1,213
    Loans to individuals $43,329
    Credit card loans $0
    Related Plans $4,696
    Consumer Auto Loans $4,333
    Other loans to individuals $34,300
    All other loans & leases $80,191
    Loans to foreign governments and official institutions $0
    Other loans $80,191
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $25,927
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $5,667
    Non 1-4 family restructured loans & leases $5,667
    Total loans and leases (foreign) $0

    Allegiance Bank had $3,681,975,000 of loans outstanding in 2018. $2,917,365,000 of loans were in real estate loans. $616,682,000 of loans were in development loans. $78,453,000 of loans were in multifamily mortgage loans. $649,311,000 of loans were in 1-4 family mortgage loans. $6,438,000 of loans were in farm loans. $0 of loans were in credit card loans. $4,333,000 of loans were in the auto loan category.

    Small Business Loans

    Categorization # of Loans in Category $ amount of loans (in 000's) Average $/loan
    Nonfarm, nonresidential loans - <$1MM 1,459 $504,506 $345,789
    Nonfarm, nonresidential loans - <$100k 145 $7,273 $50,159
    Nonfarm, nonresidential loans - $100-250k 385 $54,611 $141,847
    Nonfarm, nonresidential loans - $250k-1MM 929 $442,622 $476,450
    Commercial & Industrial, US addressed loans - <$1MM 3,672 $351,545 $95,737
    Commercial & Industrial, US addressed loans - <$100k 2,116 $57,004 $26,940
    Commercial & Industrial, US addressed loans - $100-250k 813 $85,407 $105,052
    Commercial & Industrial, US addressed loans - $250k-1MM 743 $209,134 $281,472
    Farmland loans - <$1MM 36 $5,890 $163,611
    Farmland loans - <$100k 6 $373 $62,167
    Farmland loans - $100-250k 22 $3,039 $138,136
    Farmland loans - $250k-1MM 8 $2,478 $309,750
    Agriculture operations loans - <$1MM 59 $3,954 $67,017
    Agriculture operations loans - <$100k 42 $961 $22,881
    Agriculture operations loans - $100-250k 13 $1,765 $135,769
    Agriculture operations loans - $250k-1MM 4 $1,228 $307,000