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, Beaumont, Austin, Brenham, and Port Lavaca among others. We have data for 14 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 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% 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

    686

    Origination Dollar Volume (All Markets)

    $265,270,000

    Employee count

    589

    Awards

    Allegiance Bank 30 Year Conventional Loans gold
    Show all (1) awards

    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) 643 $250,305,000 $389,277 $6,504 5.70%
    BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 14 $3,890,000 $277,857 $6,239 5.83%
    Outside of Metro Areas 9 $3,215,000 $357,222 $4,553 5.84%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 3 $2,415,000 $805,000 $22,426 5.70%
    Brenham, TX (FHA|USDA|VA) 3 $2,225,000 $741,667 $10,946 5.02%
    Port Lavaca, TX (FHA|USDA|VA) 1 $775,000 $775,000 $10,797 5.13%
    Huntsville, TX (FHA|USDA|VA) 2 $590,000 $295,000 $13,925 5.18%
    WACO, TX (FHA|USDA|VA) 1 $475,000 $475,000 $11,642 4.85%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 3 $405,000 $135,000 $0 5.57%
    COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 2 $400,000 $200,000 $8,725 5.55%
    Granbury, TX (FHA|USDA|VA) 1 $225,000 $225,000 $0 5.50%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 2 $190,000 $95,000 $0 6.13%
    Bay City, TX (FHA|USDA|VA) 1 $105,000 $105,000 $0 6.25%
    TYLER, TX (FHA|USDA|VA) 1 $55,000 $55,000 $974 6.00%
    Allegiance Bank's top markets include Houston, Beaumont, Austin, Brenham, and Port Lavaca among others.

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

    AAXY L.L.C.
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    ADVISA MORTGAGE SERVICES, LTD.
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 686 $265,270,000 $386,691 $6,618 5.70%

    For 2019, Allegiance Bank's most frequently originated type of loan was Conventional, with 686 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 572 $230,840,000 $403,566 $7,107 5.71%
    Refi 64 $25,640,000 $400,625 $6,478 5.66%
    Home Improvement 33 $5,895,000 $178,636 $3,376 5.70%
    Other 17 $2,895,000 $170,294 $3,194 5.71%

    For 2019, Allegiance Bank's most frequently cited loan purpose was Home Purchase, with 572 originations. The 2nd most popular reason was Refi, with 64 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    5 Year 254 $86,980,000 $342,441 $5,987 5.90%
    Other 194 $109,750,000 $565,722 $9,246 5.24%
    30 Year 110 $16,770,000 $152,455 $3,434 5.99%
    1 Year 81 $39,195,000 $483,889 $8,902 5.82%
    20 Year 23 $5,835,000 $253,696 $3,708 5.46%
    3 Year 12 $4,740,000 $395,000 $1,339 5.85%
    10 Year 10 $1,830,000 $183,000 $928 5.80%
    15 Year 2 $170,000 $85,000 $2,093 6.19%

    For 2019, Allegiance Bank's most frequently cited loan duration was 5 Year, with 254 originations. The 2nd most popular length was Other, with 194 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 163 $25,815,000 $158,374
    $5k+ 49 $51,375,000 $1,048,469
    $1k-2k 42 $9,890,000 $235,476
    $2k-3k 25 $10,075,000 $403,000
    $3k-4k 21 $11,115,000 $529,286
    $4k-5k 16 $10,230,000 $639,375

    Allegiance Bank's average total fees were $3,434, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 163 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 461 $174,695,000 $378,948
    6-7% 117 $36,945,000 $315,769
    4-5% 106 $52,660,000 $496,792
    7-8% 2 $970,000 $485,000

    During 2019, Allegiance Bank's average interest rate for loans was 5.99%, while their most frequently originated rate bucket for loans was 5-6%, with 461 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 232 $33,510,000 $144,440 $3,709 5.88%
    $200k-400k 149 $41,415,000 $277,953 $5,526 5.60%
    $100,000 or less 104 $7,310,000 $70,288 $2,251 5.89%
    $600k-1MM 85 $66,865,000 $786,647 $11,506 5.47%
    $400k-600k 72 $35,410,000 $491,806 $8,644 5.46%
    $1MM+ 44 $80,760,000 $1,835,455 $20,267 5.51%

    2019 saw Allegiance Bank place emphasis on $100k-200k loans with 232 originations, totaling $33,510,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 97 $71,725,000 $739,433 $11,187 5.19%
    $50k or less 75 $10,675,000 $142,333 $3,272 5.95%
    $50k-75k 51 $7,725,000 $151,471 $3,474 5.81%
    $150k-250k 49 $18,905,000 $385,816 $7,820 5.15%
    $100k-150k 32 $7,930,000 $247,813 $5,405 5.30%
    $75k-100k 19 $3,505,000 $184,474 $4,628 5.19%

    Allegiance Bank lent most frequently to those with incomes in the $250k+ range, with 97 originations. The second most popular income band? $50k or less, with 75 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 76 $29,180,000 $383,947 $7,130 5.32%
    30-36% 57 $16,065,000 $281,842 $5,567 5.55%
    43% 28 $12,830,000 $458,214 $7,676 5.52%
    42% 27 $7,875,000 $291,667 $5,245 5.67%
    41% 27 $7,165,000 $265,370 $4,995 5.63%
    40% 25 $7,035,000 $281,400 $5,391 5.46%
    <20% 19 $14,255,000 $750,263 $11,036 5.11%
    39% 18 $5,930,000 $329,444 $5,906 5.50%
    38% 18 $8,050,000 $447,222 $7,700 5.44%
    37% 12 $3,920,000 $326,667 $5,299 5.90%
    36% 10 $4,640,000 $464,000 $7,269 5.25%
    50-60% 2 $970,000 $485,000 $9,962 5.13%
    >60% 1 $1,765,000 $1,765,000 $28,910 5.48%

    Allegiance Bank lent most frequently to those with DTI ratios of 20-30%, with 76 originations. The next most common DTI ratio? 30-36%, with 57 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 306 $132,640,000 $433,464 $0 5.90%
    White 273 $98,465,000 $360,678 $6,811 5.53%
    Not provided 74 $21,070,000 $284,730 $5,768 5.62%
    Asian 16 $6,950,000 $434,375 $7,213 5.42%
    Black 10 $3,280,000 $328,000 $5,936 5.64%
    Other Asian 5 $2,385,000 $477,000 $6,895 5.44%
    Other Pacific Islander 1 $405,000 $405,000 $6,991 4.85%
    American Indian 1 $75,000 $75,000 $0 6.20%

    Approval Rates

    Total approvals of all applications
    93.15%

    Allegiance Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    84.69%

    Allegiance Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 686 $265,270,000 $386,691

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 2 $5,400,000 $2,700,000
    Multifamily:Site-Built 45 $42,305,000 $940,111
    Single Family (1-4 Units):Manufactured 10 $710,000 $71,000
    Single Family (1-4 Units):Site-Built 629 $216,855,000 $344,762

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 25 $4,455,000 $178,200 $3,185 5.66%
    40-60% 75 $41,925,000 $559,000 $7,671 5.66%
    60-80% 358 $144,200,000 $402,793 $9,090 5.75%
    80-100% 206 $72,520,000 $352,039 $5,974 5.65%
    Under 20% 21 $2,135,000 $101,667 $2,579 5.60%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Allegiance Bank 1302 N. Main Street Liberty, TX 77575 Full Service B&M $26,038
    Allegiance Bank 1302 West Davis, Suite A Conroe, TX 77304 Full Service B&M $34,905
    Allegiance Bank 13023 Murphy Road Stafford, TX 77477 Full Service B&M $42,056
    Allegiance Bank 13100 Northwest Freeway, Suite 100 Houston, TX 77040 Full Service B&M $68,069
    Allegiance Bank 1405 North Loop West Houston, TX 77008 Full Service B&M $192,644
    Allegiance Bank 14770 Northwest Freeway Houston, TX 77040 Full Service B&M $144,009
    Allegiance Bank 1500 Miller Street Anahuac, TX 77514 Full Service B&M $53,204
    Allegiance Bank 16555 Southwest Freeway, Suite 100 Sugar Land, TX 77479 Full Service B&M $70,145
    Allegiance Bank 1800 Hughes Landing Blvd., Ste 100 The Woodlands, TX 77380 Full Service B&M $14,165
    Allegiance Bank 2000 West Loop South, Suite 100 Houston, TX 77027 Full Service B&M $357,338
    Allegiance Bank 2200 Nasa Rd One, Ste 100 Houston, TX 77058 Full Service B&M $96,132
    Allegiance Bank 2222 North Durham Drive Houston, TX 77008 Full Service B&M $205,992
    Allegiance Bank 2401 Eldridge Parkway, S Houston, TX 77077 Full Service B&M $50,159
    Allegiance Bank 3330 Antoine Drive Houston, TX 77092 Full Service B&M $106,391
    Allegiance Bank 3963 Kirby Drive Blvd Houston, TX 77098 Full Service B&M $197,415
    Allegiance Bank 4420 East Sam Houston Parkway South Pasadena, TX 77505 Full Service B&M $89,379
    Allegiance Bank 501 North Cleveland Road Dayton, TX 77535 Full Service B&M $50,231
    Allegiance Bank 520 Westgreen Blvd Katy, TX 77450 Full Service B&M $155,191
    Allegiance Bank 5410 Bellaire Blvd. Bellaire, TX 77401 Full Service B&M $201,515
    Allegiance Bank 55 Ih 10 North Beaumont, TX 77707 Full Service B&M $107,076
    Allegiance Bank 550 Fm 1489 Brookshire, TX 77423 Full Service B&M $37,215
    Allegiance Bank 6363 Woodway, Suite 100 Houston, TX 77057 Full Service B&M $136,947
    Allegiance Bank 7125 Gulf Freeway Houston, TX 77087 Full Service B&M $107,995
    Allegiance Bank 722 Pin Oak Rd Katy, TX 77494 Full Service B&M $70,148
    Allegiance Bank 790 West Sam Houston Parkway North Houston, TX 77024 Full Service B&M $46,857
    Allegiance Bank 8727 W. Sam Houston Parkway North, Suites 100 & 210 Houston, TX 77040 Full Service B&M $1,093,617
    Allegiance Bank 8800 Katy Freeway, Suite 110 Houston, TX 77024 Full Service B&M $108,557

    For 2019, Allegiance Bank had 27 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $232,900
    Net interest income $181,682
    Total noninterest income $13,406
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $2,130
    Trading account gains and fees $0
    Additional Noninterest Income $11,276
    Pre-tax net operating income $69,743
    Securities gains (or losses, -) $0
    Income before extraordinary items $55,611
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $55,611
    Minority interest net income $0
    Net income $55,611
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $55,611

    Allegiance Bank's gross interest income from loans was $232,900,000.
    Allegiance Bank's net interest income from loans was $181,682,000.
    Allegiance Bank's fee based income from loans was $2,130,000.
    Allegiance Bank's net income from loans was $55,611,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $51,218
    Provision for credit losses $5,940
    Total noninterest expense $119,405
    Salaries and employee benefits $77,657
    Premises and equipment expense $11,276
    Additional noninterest expense $30,472
    Applicable income taxes $14,132
    Net charge-offs $2,833
    Cash dividends $7,500

    Allegiance Bank's interest expense for loans was $51,218,000.
    Allegiance Bank's payroll and benefits expense were $77,657,000.
    Allegiance Bank's property, plant and equipment expenses $11,276,000.

    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 1.0%
    Nonfarm, nonresidential loans 0.0%
    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 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $4,082,224
    Deposits held in domestic offices $4,082,224
    Deposits by Individuals, partnerships, and corporations $3,777,176
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $169,396
    Deposits by Commercial banks and other depository institutions in U.S. $135,652
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $148,745
    Demand deposits $148,745
    Nontransaction accounts $3,933,479
    Money market deposit accounts (MMDAs) $2,659,171
    Other savings deposits (excluding MMDAs) $83,726
    Total time deposits $1,190,582
    Total time and savings deposits $3,933,479
    Noninterest-bearing deposits $1,266,355
    Interest-bearing deposits $2,815,869
    Retail deposits $3,346,572
    IRAs and Keogh plan accounts $33,622
    Brokered deposits $271,504
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $4,985,690
    Cash & Balances due from depository institutions $342,596
    Interest-bearing balances $129,249
    Total securities $372,545
    Federal funds sold & reverse repurchase $0
    Net loans and leases $3,885,872
    Loan and leases loss allowance $29,438
    Trading account assets $0
    Bank premises and fixed assets $55,610
    Other real estate owned $9,010
    Goodwill and other intangibles $245,518
    All other assets $74,539

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $4,985,690
    Total Liabilities $4,225,900
    Total deposits $4,082,224
    Interest-bearing deposits $2,815,869
    Deposits held in domestic offices $4,082,224
    % insured (estimated) $43
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $75,000
    Subordinated debt $39,615
    All other liabilities $29,061

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $3,885,872
    Loan and leases loss allowance $29,438
    Total loans and leases (domestic) $3,915,310
    All real estate loans $3,175,725
    Real estate loans in domestic offices $3,175,725
    Construction and development loans $602,986
    Residential 1-4 family construction $192,515
    Other construction, all land development and other land $410,471
    Loans secured by nonfarm nonresidential properties $1,734,674
    Nonfarm nonresidential secured by owner-occupied properties $988,210
    Commercial real estate & other non-farm, non-residential $746,464
    Multifamily residential real estate $82,139
    1-4 family residential loans $698,957
    Farmland loans $56,969
    Loans held in foreign offices $0
    Farm loans $4,668
    Commercial and industrial loans $650,695
    To non-U.S. addressees $0
    Loans to individuals $43,643
    Credit card loans $0
    Related Plans $6,515
    Consumer Auto Loans $4,298
    Other loans to individuals $32,830
    All other loans & leases $42,420
    Loans to foreign governments and official institutions $0
    Other loans $42,420
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $38,103
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $20,102
    Non 1-4 family restructured loans & leases $20,102
    Total loans and leases (foreign) $0

    Allegiance Bank had $3,885,872,000 of loans outstanding in 2019. $3,175,725,000 of loans were in real estate loans. $602,986,000 of loans were in development loans. $82,139,000 of loans were in multifamily mortgage loans. $698,957,000 of loans were in 1-4 family mortgage loans. $4,668,000 of loans were in farm loans. $0 of loans were in credit card loans. $4,298,000 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 1,562 $543,428 $347,905
    Nonfarm, nonresidential loans - <$100k 156 $8,092 $51,872
    Nonfarm, nonresidential loans - $100-250k 390 $55,381 $142,003
    Nonfarm, nonresidential loans - $250k-1MM 1,016 $479,955 $472,397
    Commercial & Industrial, US addressed loans - <$1MM 3,754 $368,129 $98,063
    Commercial & Industrial, US addressed loans - <$100k 2,161 $59,423 $27,498
    Commercial & Industrial, US addressed loans - $100-250k 801 $82,115 $102,516
    Commercial & Industrial, US addressed loans - $250k-1MM 792 $226,591 $286,100
    Farmland loans - <$1MM 29 $5,081 $175,207
    Farmland loans - <$100k 4 $208 $52,000
    Farmland loans - $100-250k 18 $2,303 $127,944
    Farmland loans - $250k-1MM 7 $2,570 $367,143
    Agriculture operations loans - <$1MM 38 $2,012 $52,947
    Agriculture operations loans - <$100k 25 $448 $17,920
    Agriculture operations loans - $100-250k 10 $995 $99,500
    Agriculture operations loans - $250k-1MM 3 $569 $189,667