Allegiance Bank Mortgage Rates, Fees & Info

Houston, TX

LEI: 54930083ZNK6KPUJ7R29

Tax ID: 26-0589597

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Mortgage Data

Bank 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, Dallas, Huntsville, Beaumont, and Austin 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.

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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

698

Origination Dollar Volume (All Markets)

$250,800,000

Employee count

598

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) 653 $235,205,000 $360,191 $5,559 5.22%
Outside of Metro Areas 7 $2,935,000 $419,286 $8,012 5.01%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 4 $2,110,000 $527,500 $8,971 4.39%
Huntsville, TX (FHA|USDA|VA) 4 $2,100,000 $525,000 $2,575 5.05%
BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 16 $1,830,000 $114,375 $5,825 5.03%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 3 $1,595,000 $531,667 $6,387 4.65%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 3 $1,565,000 $521,667 $6,699 5.33%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $895,000 $895,000 $17,447 4.20%
Bay City, TX (FHA|USDA|VA) 2 $830,000 $415,000 $11,269 4.68%
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 1 $755,000 $755,000 $0 4.25%
Brenham, TX (FHA|USDA|VA) 1 $345,000 $345,000 $9,586 4.20%
Fredericksburg, TX (FHA|USDA|VA) 1 $275,000 $275,000 $0 5.50%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 1 $185,000 $185,000 $3,548 4.20%
LUBBOCK, TX (FHA|USDA|VA) 1 $175,000 $175,000 $0 4.95%
Allegiance Bank's top markets include Houston, Dallas, Huntsville, Beaumont, and Austin among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 698 $250,800,000 $359,312 $5,654 5.20%

    For 2020, Allegiance Bank's most frequently originated type of loan was Conventional, with 698 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 598 $212,770,000 $355,803 $5,833 5.23%
    Refi 69 $32,515,000 $471,232 $5,644 5.04%
    Home Improvement 21 $3,245,000 $154,524 $2,551 5.00%
    Other 10 $2,270,000 $227,000 $3,384 5.35%

    For 2020, Allegiance Bank's most frequently cited loan purpose was Home Purchase, with 598 originations. The 2nd most popular reason was Refi, with 69 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    5 Year 228 $73,190,000 $321,009 $4,385 5.12%
    30 Year 208 $31,140,000 $149,712 $3,229 5.78%
    Other 166 $102,200,000 $615,663 $9,443 4.61%
    1 Year 73 $37,875,000 $518,836 $7,649 5.15%
    20 Year 14 $3,650,000 $260,714 $3,421 5.33%
    3 Year 4 $1,860,000 $465,000 $1,167 5.25%
    10 Year 4 $710,000 $177,500 $974 4.96%
    15 Year 1 $175,000 $175,000 $4,330 5.25%

    For 2020, Allegiance Bank's most frequently cited loan duration was 5 Year, with 228 originations. The 2nd most popular length was 30 Year, with 208 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 252 $38,170,000 $151,468
    $5k+ 46 $47,130,000 $1,024,565
    $1k-2k 28 $6,980,000 $249,286
    $4k-5k 20 $11,690,000 $584,500
    $3k-4k 19 $9,005,000 $473,947
    $2k-3k 16 $6,210,000 $388,125

    Allegiance Bank's average total fees were $3,229, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 252 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 398 $98,180,000 $246,683
    4-5% 297 $150,175,000 $505,640
    3-4% 3 $2,445,000 $815,000

    During 2020, Allegiance Bank's average interest rate for loans was 5.78%, while their most frequently originated rate bucket for loans was 5-6%, with 398 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 290 $44,330,000 $152,862 $3,346 5.54%
    $200k-400k 127 $36,695,000 $288,937 $5,843 4.95%
    $100,000 or less 88 $6,170,000 $70,114 $2,343 5.23%
    $600k-1MM 82 $64,650,000 $788,415 $12,595 4.79%
    $400k-600k 68 $32,400,000 $476,471 $8,819 4.97%
    $1MM+ 43 $66,555,000 $1,547,791 $19,622 4.76%

    2020 saw Allegiance Bank place emphasis on $100k-200k loans with 290 originations, totaling $44,330,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 137 $18,575,000 $135,584 $3,207 5.71%
    $50k-75k 91 $15,355,000 $168,736 $3,490 5.64%
    $250k+ 81 $60,565,000 $747,716 $11,534 4.59%
    $150k-250k 38 $16,270,000 $428,158 $7,432 4.68%
    $100k-150k 24 $5,700,000 $237,500 $5,101 4.80%
    $75k-100k 12 $3,100,000 $258,333 $6,780 4.78%

    Allegiance Bank lent most frequently to those with incomes in the $50k or less range, with 137 originations. The second most popular income band? $50k-75k, with 91 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 80 $20,800,000 $260,000 $4,709 5.43%
    20-30% 60 $24,080,000 $401,333 $7,127 4.89%
    42% 39 $8,535,000 $218,846 $4,117 5.44%
    41% 27 $6,195,000 $229,444 $4,737 5.52%
    40% 27 $8,835,000 $327,222 $5,742 5.37%
    39% 26 $4,400,000 $169,231 $3,796 5.65%
    <20% 25 $14,215,000 $568,600 $9,562 4.60%
    36% 23 $6,675,000 $290,217 $5,056 5.47%
    37% 20 $4,290,000 $214,500 $4,378 5.46%
    38% 18 $3,630,000 $201,667 $3,879 5.51%
    43% 18 $5,490,000 $305,000 $5,629 5.30%
    50-60% 9 $5,145,000 $571,667 $8,782 4.65%
    48% 3 $3,495,000 $1,165,000 $17,172 4.52%
    46% 2 $590,000 $295,000 $6,685 4.44%
    44% 2 $950,000 $475,000 $10,167 4.43%
    47% 1 $465,000 $465,000 $8,755 4.55%
    49% 1 $175,000 $175,000 $4,617 4.20%
    45% 1 $1,445,000 $1,445,000 $20,363 5.50%
    >60% 1 $155,000 $155,000 $7,245 4.30%

    Allegiance Bank lent most frequently to those with DTI ratios of 30-36%, with 80 originations. The next most common DTI ratio? 20-30%, with 60 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 280 $118,510,000 $423,250 $0 5.12%
    White 264 $83,350,000 $315,720 $5,699 5.26%
    Not provided 117 $26,645,000 $227,735 $4,295 5.37%
    Asian 12 $6,870,000 $572,500 $10,266 4.76%
    Other Asian 9 $6,085,000 $676,111 $11,628 4.98%
    Asian Indian 3 $2,465,000 $821,667 $11,671 5.12%
    Korean 1 $2,415,000 $2,415,000 $21,343 4.55%
    American Indian 4 $2,240,000 $560,000 $9,909 5.33%
    Black 6 $1,560,000 $260,000 $4,385 4.95%
    Vietnamese 1 $505,000 $505,000 $7,426 4.20%
    Native Hawaiian or Islander 1 $155,000 $155,000 $3,638 4.70%

    Approval Rates

    Total approvals of all applications
    93.26%

    Allegiance Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    81.09%

    Allegiance Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 698 $250,800,000 $359,312

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 1 $505,000 $505,000
    Multifamily:Site-Built 50 $36,680,000 $733,600
    Single Family (1-4 Units):Manufactured 16 $1,090,000 $68,125
    Single Family (1-4 Units):Site-Built 631 $212,525,000 $336,807

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 24 $3,800,000 $158,333 $3,580 4.98%
    40-60% 79 $42,815,000 $541,962 $7,613 4.90%
    60-80% 309 $124,665,000 $403,447 $7,494 5.08%
    80-100% 271 $76,485,000 $282,232 $5,189 5.46%
    Under 20% 15 $3,035,000 $202,333 $2,636 5.06%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Allegiance Bank 2222 North Durham Drive Houston, TX 77008 Full Service B&M $274,462
    Allegiance Bank 1302 N. Main Street Liberty, TX 77575 Full Service B&M $25,072
    Allegiance Bank 1302 West Davis, Suite A Conroe, TX 77304 Full Service B&M $35,940
    Allegiance Bank 13023 Murphy Road Stafford, TX 77477 Full Service B&M $68,909
    Allegiance Bank 13100 Northwest Freeway, Suite 100 Houston, TX 77040 Full Service B&M $86,804
    Allegiance Bank 1405 North Loop West Houston, TX 77008 Full Service B&M $252,751
    Allegiance Bank 14770 Northwest Freeway Houston, TX 77040 Full Service B&M $197,817
    Allegiance Bank 1500 Miller Street Anahuac, TX 77514 Full Service B&M $66,283
    Allegiance Bank 16555 Southwest Freeway, Suite 100 Sugar Land, TX 77479 Full Service B&M $105,569
    Allegiance Bank 1800 Hughes Landing Blvd., Ste 100 The Woodlands, TX 77380 Full Service B&M $49,959
    Allegiance Bank 2000 West Loop South, Suite 100 Houston, TX 77027 Full Service B&M $289,452
    Allegiance Bank 2200 Nasa Rd One, Ste 100 Houston, TX 77058 Full Service B&M $122,194
    Allegiance Bank 2401 Eldridge Parkway, S Houston, TX 77077 Full Service B&M $68,765
    Allegiance Bank 3330 Antoine Drive Houston, TX 77092 Full Service B&M $117,978
    Allegiance Bank 3963 Kirby Drive Blvd Houston, TX 77098 Full Service B&M $195,210
    Allegiance Bank 4420 East Sam Houston Parkway South Pasadena, TX 77505 Full Service B&M $122,981
    Allegiance Bank 501 N Cleveland St Dayton, TX 77535 Full Service B&M $54,830
    Allegiance Bank 520 Westgreen Blvd Katy, TX 77450 Full Service B&M $201,995
    Allegiance Bank 5410 Bellaire Blvd. Bellaire, TX 77401 Full Service B&M $248,900
    Allegiance Bank 55 Ih 10 North Beaumont, TX 77707 Full Service B&M $154,358
    Allegiance Bank 550 Fm 1489 Brookshire, TX 77423 Full Service B&M $49,321
    Allegiance Bank 6363 Woodway, Suite 100 Houston, TX 77057 Full Service B&M $142,024
    Allegiance Bank 7125 Gulf Freeway Houston, TX 77087 Full Service B&M $155,216
    Allegiance Bank 722 Pin Oak Rd Katy, TX 77494 Full Service B&M $105,706
    Allegiance Bank 790 West Sam Houston Parkway North Houston, TX 77024 Full Service B&M $75,519
    Allegiance Bank 8727 W. Sam Houston Parkway North, Suites 100 & 210 Houston, TX 77040 Full Service B&M $1,287,909
    Allegiance Bank 8800 Katy Freeway, Suite 110 Houston, TX 77024 Full Service B&M $166,785

    For 2020, Allegiance Bank had 27 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $241,759
    Net interest income $206,697
    Total noninterest income $8,141
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,934
    Trading account gains and fees $0
    Additional Noninterest Income $6,207
    Pre-tax net operating income $61,047
    Securities gains (or losses, -) $0
    Income before extraordinary items $49,544
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $49,544
    Minority interest net income $0
    Net income $49,544
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $49,544

    Allegiance Bank's gross interest income from loans was $241,759,000.
    Allegiance Bank's net interest income from loans was $206,697,000.
    Allegiance Bank's fee based income from loans was $1,934,000.
    Allegiance Bank's net income from loans was $49,544,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $35,062
    Provision for credit losses $26,543
    Total noninterest expense $127,248
    Salaries and employee benefits $79,928
    Premises and equipment expense $11,586
    Additional noninterest expense $35,734
    Applicable income taxes $11,503
    Net charge-offs $8,033
    Cash dividends $13,000

    Allegiance Bank's interest expense for loans was $35,062,000.
    Allegiance Bank's payroll and benefits expense were $79,928,000.
    Allegiance Bank's property, plant and equipment expenses $11,586,000.

    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 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 0.0%
    Personal loans 1.0%
    Credit card loans 0.0%
    Other individual loans 1.0%
    Auto loans 0.0%
    Other consumer loans 1.0%
    Unsecured commercial real estate loans 5.0%

    Deposits

    Type Value (in 000's)
    Total deposits $5,005,711
    Deposits held in domestic offices $5,005,711
    Deposits by Individuals, partnerships, and corporations $4,432,416
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $477,730
    Deposits by Commercial banks and other depository institutions in U.S. $95,565
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $250,496
    Demand deposits $250,496
    Nontransaction accounts $4,755,215
    Money market deposit accounts (MMDAs) $3,156,573
    Other savings deposits (excluding MMDAs) $252,091
    Total time deposits $1,346,551
    Total time and savings deposits $4,755,215
    Noninterest-bearing deposits $1,721,796
    Interest-bearing deposits $3,283,915
    Retail deposits $4,139,534
    IRAs and Keogh plan accounts $31,198
    Brokered deposits $453,818
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $6,046,137
    Cash & Balances due from depository institutions $420,655
    Interest-bearing balances $297,758
    Total securities $772,890
    Federal funds sold & reverse repurchase $0
    Net loans and leases $4,438,591
    Loan and leases loss allowance $53,173
    Trading account assets $0
    Bank premises and fixed assets $59,076
    Other real estate owned $9,869
    Goodwill and other intangibles $241,596
    All other assets $103,460

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $6,046,137
    Total Liabilities $5,225,779
    Total deposits $5,005,711
    Interest-bearing deposits $3,283,915
    Deposits held in domestic offices $5,005,711
    % insured (estimated) $45
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $1,252
    Other borrowed funds $140,000
    Subordinated debt $39,745
    All other liabilities $39,071

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $4,438,591
    Loan and leases loss allowance $53,173
    Total loans and leases (domestic) $4,491,764
    All real estate loans $3,232,217
    Real estate loans in domestic offices $3,232,217
    Construction and development loans $494,735
    Residential 1-4 family construction $127,522
    Other construction, all land development and other land $367,213
    Loans secured by nonfarm nonresidential properties $1,881,650
    Nonfarm nonresidential secured by owner-occupied properties $1,078,433
    Commercial real estate & other non-farm, non-residential $803,217
    Multifamily residential real estate $75,902
    1-4 family residential loans $737,605
    Farmland loans $42,325
    Loans held in foreign offices $0
    Farm loans $1,064
    Commercial and industrial loans $1,200,484
    To non-U.S. addressees $0
    Loans to individuals $37,700
    Credit card loans $0
    Related Plans $4,602
    Consumer Auto Loans $3,978
    Other loans to individuals $29,120
    All other loans & leases $35,565
    Loans to foreign governments and official institutions $0
    Other loans $35,565
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $109,848
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $12,448
    Non 1-4 family restructured loans & leases $12,199
    Total loans and leases (foreign) $0

    Allegiance Bank had $4,438,591,000 of loans outstanding in 2020. $3,232,217,000 of loans were in real estate loans. $494,735,000 of loans were in development loans. $75,902,000 of loans were in multifamily mortgage loans. $737,605,000 of loans were in 1-4 family mortgage loans. $1,064,000 of loans were in farm loans. $0 of loans were in credit card loans. $3,978,000 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 1,622 $583,249 $359,586
    Nonfarm, nonresidential loans - <$100k 147 $7,756 $52,762
    Nonfarm, nonresidential loans - $100-250k 375 $54,628 $145,675
    Nonfarm, nonresidential loans - $250k-1MM 1,100 $520,865 $473,514
    Commercial & Industrial, US addressed loans - <$1MM 9,531 $793,116 $83,214
    Commercial & Industrial, US addressed loans - <$100k 6,795 $198,744 $29,249
    Commercial & Industrial, US addressed loans - $100-250k 1,538 $186,062 $120,977
    Commercial & Industrial, US addressed loans - $250k-1MM 1,198 $408,310 $340,826
    Farmland loans - <$1MM 30 $5,973 $199,100
    Farmland loans - <$100k 2 $157 $78,500
    Farmland loans - $100-250k 17 $2,080 $122,353
    Farmland loans - $250k-1MM 11 $3,736 $339,636
    Agriculture operations loans - <$1MM 28 $1,064 $38,000
    Agriculture operations loans - <$100k 19 $435 $22,895
    Agriculture operations loans - $100-250k 8 $619 $77,375
    Agriculture operations loans - $250k-1MM 1 $10 $10,000