Austin Bank Texas Mortgage Rates, Fees & Info

Jacksonville, TX

LEI: 5493008R64K2UUN2NP30

Tax ID: 75-0358895

5 stars - Updated: 12/16/24 - out of 5 stars, based on 28 reviews

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

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Relative Rates
  • Relative Fees
  • 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)

    • Review & Overview

    Austin Bank Texas is a smaller bank specializing in Home Purchase loans. Austin Bank Texas has a high proportion of conventional loans. Their top markets by origination volume include: Tyler, Longview, Jacksonville, Houston, and Nacogdoches among others. We have data for 20 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Austin Bank Texas 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. Austin Bank Texas 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
    30 Year Conventional Purchase 6.77% 12/16/24
    30 Year Conventional Refi 6.77% 12/16/24
    30 Year Cash-out Refi 6.55% 12/16/24
    30 Year VA Purchase 6.50% 12/16/24
    15 Year Conventional Purchase 6.10% 12/16/24
    15 Year Conventional Refi 6.19% 12/16/24
    15 Year Cash-out Refi 6.19% 12/16/24
    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.

    Austin Bank Texas Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from Austin 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

    789

    Origination Dollar Volume (All Markets)

    $199,885,000
    Show all (8) awards

    Relative Rate

    Austin Bank Texas's average 30 year fixed mortgage rate was 6.7%.

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

    This yields a difference of 0.22%.

    Relative Fees (Closing Costs)

    Austin Bank Texas's average total fees/closing costs for a 30 year fixed rate mortgage were $4,195.

    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
    TYLER, TX (FHA|USDA|VA) 162 $43,070,000 $265,864 $4,419 7.30%
    LONGVIEW, TX (FHA|USDA|VA) 169 $34,705,000 $205,355 $3,958 7.50%
    Outside of Metro Areas 111 $27,025,000 $243,468 $3,646 7.38%
    Jacksonville, TX (FHA|USDA|VA) 114 $22,620,000 $198,421 $4,079 7.35%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 41 $17,785,000 $433,780 $5,214 7.18%
    Nacogdoches, TX (FHA|USDA|VA) 53 $10,745,000 $202,736 $3,846 7.32%
    Palestine, TX (FHA|USDA|VA) 52 $9,580,000 $184,231 $3,317 7.50%
    Lufkin, TX (FHA|USDA|VA) 40 $9,130,000 $228,250 $4,297 7.81%
    COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 6 $7,320,000 $1,220,000 $2,936 7.52%
    Huntsville, TX (FHA|USDA|VA) 7 $4,905,000 $700,714 $8,585 6.74%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 11 $4,895,000 $445,000 $7,252 6.95%
    Athens, TX (FHA|USDA|VA) 9 $3,005,000 $333,889 $5,764 6.66%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $2,355,000 $2,355,000 $5,638 6.95%
    Mount Pleasant, TX (FHA|USDA|VA) 5 $1,005,000 $201,000 $4,420 7.23%
    Sulphur Springs, TX (FHA|USDA|VA) 2 $510,000 $255,000 $5,400 6.68%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $455,000 $455,000 $5,242 7.50%
    Snyder, TX (FHA|USDA|VA) 1 $295,000 $295,000 $4,257 6.70%
    WACO, TX (FHA|USDA|VA) 1 $255,000 $255,000 $3,818 6.50%
    KILLEEN-TEMPLE, TX (FHA|USDA|VA) 2 $120,000 $60,000 $0 8.13%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 1 $105,000 $105,000 $2,633 7.50%
    Austin Bank Texas's top markets include Tyler, Longview, Jacksonville, Houston, and Nacogdoches among others.

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

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Austin Bank Texas based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    EAST TEXAS PROFESSIONAL Credit Union
    Similarity Rank: 26
    KELLY COMMUNITY FEDERAL CREDIT UNION
    Similarity Rank: 133
    AMOCO
    Similarity Rank: 258
    GIBRALTAR MORTGAGE SERVICES, LLC
    Similarity Rank: 360
    COMMUNITY RESOURCE CREDIT UNION
    Similarity Rank: 714
    SCHLUMBERGER EMPLOYEES CREDIT UNION
    Similarity Rank: 770
    DATCU
    Similarity Rank: 981
    PRIMEWAY
    Similarity Rank: 1048
    HOMEWAY MORTGAGE LLC
    Similarity Rank: 1050
    PRIORITY HOME MORTGAGE, L.P.
    Similarity Rank: 1050

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 787 $199,175,000 $253,081 $4,146 7.38%
    VA 2 $710,000 $355,000 $13,545 6.19%

    For 2023, Austin Bank Texas's most frequently originated type of loan was Conventional, with 787 originations. Their 2nd most popular type was VA, with 2 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 566 $162,000,000 $286,219 $4,865 7.30%
    Home Improvement 96 $10,030,000 $104,479 $2,391 7.64%
    Cash Out Refi 50 $10,150,000 $203,000 $3,394 7.34%
    Other 45 $5,255,000 $116,778 $2,330 7.61%
    Refi 32 $12,450,000 $389,063 $3,517 7.73%

    For 2023, Austin Bank Texas's most frequently cited loan purpose was Home Purchase, with 566 originations. The 2nd most popular reason was Home Improvement, with 96 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    20 Year 275 $42,655,000 $155,109 $2,854 7.90%
    30 Year 206 $64,740,000 $314,272 $4,195 6.70%
    30+ year 137 $54,915,000 $400,839 $6,174 6.86%
    Other 75 $23,345,000 $311,267 $3,667 7.75%
    15 Year 37 $3,505,000 $94,730 $2,839 7.58%
    1 Year 31 $9,385,000 $302,742 $7,082 8.35%
    10 Year 24 $1,030,000 $42,917 $1,234 7.62%
    5 Year 4 $310,000 $77,500 $2,473 6.51%

    For 2023, Austin Bank Texas's most frequently cited loan duration was 20 Year, with 275 originations. The 2nd most popular length was 30 Year, with 206 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 310 $76,980,000 $248,323
    $<1k 130 $16,940,000 $130,308
    $2k-3k 106 $43,630,000 $411,604
    $3k-4k 5 $1,535,000 $307,000
    $4k-5k 4 $2,630,000 $657,500
    $5k+ 1 $1,635,000 $1,635,000

    Austin Bank Texas's average total fees were $4,195, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 310 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 321 $101,695,000 $316,807
    7-8% 262 $60,180,000 $229,695
    Over 8% 180 $29,000,000 $161,111
    5-6% 26 $9,010,000 $346,538

    During 2023, Austin Bank Texas's average interest rate for loans was 6.70%, while their most frequently originated rate bucket for loans was 6-7%, with 321 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 230 $14,080,000 $61,217 $1,967 7.76%
    $200k-400k 213 $58,705,000 $275,610 $4,843 7.13%
    $100k-200k 212 $30,630,000 $144,481 $3,540 7.46%
    $400k-600k 77 $36,535,000 $474,481 $5,796 6.94%
    $600k-1MM 44 $31,910,000 $725,227 $7,946 7.09%
    $1MM+ 13 $28,025,000 $2,155,769 $12,024 7.07%

    2023 saw Austin Bank Texas place emphasis on $100,000 or less loans with 230 originations, totaling $14,080,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 166 $35,640,000 $214,699 $4,115 7.18%
    $150k-250k 116 $34,960,000 $301,379 $4,867 7.09%
    $250k+ 109 $51,985,000 $476,927 $6,139 7.09%
    $50k-75k 104 $11,910,000 $114,519 $2,982 7.06%
    $75k-100k 91 $14,095,000 $154,890 $3,497 7.45%
    $50k or less 60 $4,820,000 $80,333 $2,520 7.51%

    Austin Bank Texas lent most frequently to those with incomes in the $100k-150k range, with 166 originations. The second most popular income band? $150k-250k, with 116 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 105 $26,745,000 $254,714 $4,526 6.97%
    30-36% 103 $17,055,000 $165,583 $3,277 7.14%
    50-60% 66 $19,810,000 $300,152 $4,609 6.97%
    <20% 47 $12,445,000 $264,787 $3,912 7.33%
    >60% 42 $14,710,000 $350,238 $5,169 7.16%
    40% 26 $5,030,000 $193,462 $3,616 7.01%
    38% 24 $5,810,000 $242,083 $4,185 7.20%
    43% 23 $5,455,000 $237,174 $4,149 7.23%
    41% 23 $4,645,000 $201,957 $3,688 7.38%
    36% 22 $4,470,000 $203,182 $3,737 7.20%
    46% 21 $4,345,000 $206,905 $3,805 7.13%
    37% 21 $4,885,000 $232,619 $4,098 7.15%
    42% 17 $4,325,000 $254,412 $4,870 7.12%
    47% 16 $4,010,000 $250,625 $4,399 6.90%
    48% 14 $2,930,000 $209,286 $4,118 7.36%
    45% 13 $2,655,000 $204,231 $3,867 7.16%
    39% 13 $3,805,000 $292,692 $4,870 7.08%
    49% 12 $3,380,000 $281,667 $4,543 6.94%
    44% 10 $4,890,000 $489,000 $5,535 7.17%

    Austin Bank Texas lent most frequently to those with DTI ratios of 20-30%, with 105 originations. The next most common DTI ratio? 30-36%, with 103 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 566 $131,340,000 $232,049 $4,070 7.21%
    Not applicable 138 $45,590,000 $330,362 $5,160 8.21%
    Not provided 32 $11,590,000 $362,188 $5,784 7.03%
    Asian 15 $4,415,000 $294,333 $4,948 7.20%
    Black 23 $4,375,000 $190,217 $4,151 7.31%
    American Indian 14 $2,350,000 $167,857 $3,446 7.31%
    Asian Indian 1 $225,000 $225,000 $3,803 6.70%

    Approval Rates

    Total approvals of all applications
    82.37%

    Austin Bank Texas has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    83.90%

    Austin Bank Texas has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 789 $199,885,000 $253,340

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    789 $199,885,000 $253,340

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 107 $12,695,000 $118,645 $3,003 7.47%
    40-60% 107 $21,645,000 $202,290 $3,869 7.47%
    60-80% 200 $62,850,000 $314,250 $4,470 7.53%
    80-100% 328 $99,560,000 $303,537 $4,918 7.21%
    Over 100% 1 $325,000 $325,000 $17,653 5.75%
    Under 20% 46 $2,810,000 $61,087 $1,755 7.52%