Austin Bank Texas Mortgage Rates, Fees & Info

Jacksonville, TX

LEI: 5493008R64K2UUN2NP30

Tax ID: 75-0358895

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

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • 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 25 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 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.

    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% 4/28/24
    30 Year Conventional Refi 6.77% 4/28/24
    30 Year Cash-out Refi 6.55% 4/28/24
    30 Year VA Purchase 6.50% 4/28/24
    15 Year Conventional Purchase 6.10% 4/28/24
    15 Year Conventional Refi 6.19% 4/28/24
    15 Year Cash-out Refi 6.19% 4/28/24
    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

    933

    Origination Dollar Volume (All Markets)

    $267,315,000
    Show all (9) 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
    TYLER, TX (FHA|USDA|VA) 227 $87,965,000 $387,511 $4,533 4.66%
    LONGVIEW, TX (FHA|USDA|VA) 182 $34,810,000 $191,264 $3,775 5.01%
    Jacksonville, TX (FHA|USDA|VA) 133 $29,425,000 $221,241 $3,811 5.03%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 46 $25,670,000 $558,043 $6,702 4.70%
    Outside of Metro Areas 99 $21,575,000 $217,929 $3,780 4.79%
    Nacogdoches, TX (FHA|USDA|VA) 72 $16,220,000 $225,278 $4,251 5.07%
    Palestine, TX (FHA|USDA|VA) 76 $14,230,000 $187,237 $3,428 4.99%
    Lufkin, TX (FHA|USDA|VA) 33 $10,615,000 $321,667 $4,314 4.93%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 24 $10,280,000 $428,333 $4,432 4.40%
    Athens, TX (FHA|USDA|VA) 19 $5,155,000 $271,316 $4,310 4.87%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 4 $2,990,000 $747,500 $6,975 4.66%
    Cullowhee, NC (FHA|USDA|VA) 1 $2,525,000 $2,525,000 $9,741 5.25%
    Huntsville, TX (FHA|USDA|VA) 3 $1,355,000 $451,667 $6,323 3.95%
    Mineral Wells, TX (FHA|USDA|VA) 1 $1,085,000 $1,085,000 $0 4.15%
    COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 2 $750,000 $375,000 $0 4.00%
    WACO, TX (FHA|USDA|VA) 2 $440,000 $220,000 $4,746 5.18%
    TULSA, OK (FHA|USDA|VA) 1 $395,000 $395,000 $4,983 4.25%
    Sulphur Springs, TX (FHA|USDA|VA) 1 $385,000 $385,000 $5,317 5.30%
    COLUMBIA, SC (FHA|USDA|VA) 1 $325,000 $325,000 $3,934 4.15%
    Uvalde, TX (FHA|USDA|VA) 1 $265,000 $265,000 $0 6.50%
    TEXARKANA, TX-AR (FHA|USDA|VA) 1 $225,000 $225,000 $0 4.00%
    EL PASO, TX (FHA|USDA|VA) 1 $225,000 $225,000 $4,222 3.50%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $225,000 $225,000 $2,718 3.40%
    JACKSONVILLE, NC (FHA|USDA|VA) 1 $125,000 $125,000 $0 4.75%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $55,000 $55,000 $1,558 5.40%
    Austin Bank Texas's top markets include Tyler, Longview, Jacksonville, Houston, and Nacogdoches among others.

    Their top states include:
  • Texas (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • Oklahoma (FHA|USDA|VA)
  • New Mexico (FHA|USDA|VA)
  • South Carolina (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.

    Telco Plus Credit Union
    Similarity Rank: 60
    EAST TEXAS PROFESSIONAL Credit Union
    Similarity Rank: 66
    KELLY COMMUNITY FEDERAL CREDIT UNION
    Similarity Rank: 180
    PRIMEWAY
    Similarity Rank: 249
    AMOCO
    Similarity Rank: 510
    A+ Federal Credit Union
    Similarity Rank: 858
    TEXAS BAY
    Similarity Rank: 957
    COMMUNITY RESOURCE CREDIT UNION
    Similarity Rank: 1074
    TEXANS
    Similarity Rank: 1170
    Austin Bank, Texas
    Similarity Rank: 1325

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 930 $266,340,000 $286,387 $4,164 4.86%
    VA 3 $975,000 $325,000 $9,035 4.29%

    For 2022, Austin Bank Texas's most frequently originated type of loan was Conventional, with 930 originations. Their 2nd most popular type was VA, with 3 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 663 $223,575,000 $337,217 $4,799 4.81%
    Refi 133 $29,325,000 $220,489 $3,269 4.71%
    Home Improvement 92 $9,330,000 $101,413 $2,561 5.13%
    Other 40 $3,530,000 $88,250 $1,879 5.66%
    Cash Out Refi 5 $1,555,000 $311,000 $5,303 3.35%

    For 2022, Austin Bank Texas's most frequently cited loan purpose was Home Purchase, with 663 originations. The 2nd most popular reason was Refi, with 133 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 284 $88,280,000 $310,845 $4,328 4.65%
    20 Year 275 $43,855,000 $159,473 $2,630 5.29%
    30+ year 159 $74,095,000 $466,006 $6,053 4.56%
    Other 112 $42,590,000 $380,268 $3,090 4.89%
    15 Year 56 $11,430,000 $204,107 $3,478 4.34%
    10 Year 25 $1,895,000 $75,800 $2,099 5.04%
    1 Year 17 $4,955,000 $291,471 $4,210 5.21%
    5 Year 4 $170,000 $42,500 $960 5.98%
    3 Year 1 $45,000 $45,000 $2,229 3.50%

    For 2022, Austin Bank Texas's most frequently cited loan duration was 30 Year, with 284 originations. The 2nd most popular length was 20 Year, with 275 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 421 $136,045,000 $323,147
    $<1k 250 $48,110,000 $192,440
    $2k-3k 9 $7,785,000 $865,000
    $4k-5k 6 $2,780,000 $463,333
    $3k-4k 5 $1,685,000 $337,000
    $5k+ 3 $2,975,000 $991,667

    Austin Bank Texas's average total fees were $4,328, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 421 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 273 $81,865,000 $299,872
    4-5% 266 $72,810,000 $273,722
    5-6% 242 $65,910,000 $272,355
    6-7% 110 $40,560,000 $368,727
    7-8% 23 $3,155,000 $137,174
    2.5-3% 10 $1,830,000 $183,000
    Over 8% 6 $320,000 $53,333
    <2.5% 3 $865,000 $288,333

    During 2022, Austin Bank Texas's average interest rate for loans was 4.65%, while their most frequently originated rate bucket for loans was 3-4%, with 273 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 281 $79,105,000 $281,512 $4,451 4.69%
    $100k-200k 249 $35,965,000 $144,438 $3,433 4.88%
    $100,000 or less 238 $15,390,000 $64,664 $1,979 5.20%
    $400k-600k 90 $43,210,000 $480,111 $5,878 4.58%
    $600k-1MM 45 $33,505,000 $744,556 $7,637 4.62%
    $1MM+ 30 $60,140,000 $2,004,667 $11,083 4.80%

    2022 saw Austin Bank Texas place emphasis on $200k-400k loans with 281 originations, totaling $79,105,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 198 $46,950,000 $237,121 $4,300 4.83%
    $150k-250k 149 $47,115,000 $316,208 $4,574 4.75%
    $50k-75k 118 $17,710,000 $150,085 $3,229 4.81%
    $250k+ 116 $67,080,000 $578,276 $6,188 4.68%
    $75k-100k 103 $20,085,000 $195,000 $3,745 4.99%
    $50k or less 84 $8,200,000 $97,619 $2,423 4.99%

    Austin Bank Texas lent most frequently to those with incomes in the $100k-150k range, with 198 originations. The second most popular income band? $150k-250k, with 149 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 158 $39,060,000 $247,215 $3,940 4.72%
    30-36% 130 $30,300,000 $233,077 $3,995 4.82%
    <20% 86 $23,680,000 $275,349 $3,871 4.67%
    50-60% 54 $20,020,000 $370,741 $5,034 4.87%
    >60% 47 $19,705,000 $419,255 $4,978 5.09%
    37% 26 $6,100,000 $234,615 $3,964 5.18%
    43% 26 $8,560,000 $329,231 $4,383 4.52%
    44% 25 $7,585,000 $303,400 $4,294 4.57%
    42% 24 $6,960,000 $290,000 $4,431 4.90%
    36% 23 $5,565,000 $241,957 $4,091 4.65%
    40% 20 $6,050,000 $302,500 $4,395 4.80%
    39% 20 $4,440,000 $222,000 $3,858 4.63%
    41% 19 $5,015,000 $263,947 $4,109 5.27%
    46% 19 $7,275,000 $382,895 $5,340 4.79%
    38% 17 $3,515,000 $206,765 $3,808 5.13%
    49% 15 $2,665,000 $177,667 $3,500 4.59%
    48% 14 $3,880,000 $277,143 $4,218 4.43%
    45% 13 $3,465,000 $266,538 $4,096 4.71%
    47% 9 $2,925,000 $325,000 $4,678 4.89%

    Austin Bank Texas lent most frequently to those with DTI ratios of 20-30%, with 158 originations. The next most common DTI ratio? 30-36%, with 130 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 687 $174,045,000 $253,341 $4,057 4.85%
    Not applicable 157 $58,505,000 $372,643 $4,788 5.00%
    Not provided 46 $15,840,000 $344,348 $5,252 4.58%
    Asian 28 $14,820,000 $529,286 $5,684 4.59%
    American Indian 5 $2,415,000 $483,000 $4,609 4.75%
    Black 9 $1,455,000 $161,667 $3,710 5.68%
    Asian Indian 1 $235,000 $235,000 $4,153 3.65%

    Approval Rates

    Total approvals of all applications
    85.06%

    Austin Bank Texas has an average approval rate.

    Pick Rate

    Approvals leading to origination
    83.71%

    Austin Bank Texas has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 933 $267,315,000 $286,511

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    933 $267,315,000 $286,511

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 91 $13,545,000 $148,846 $2,774 5.07%
    40-60% 115 $22,405,000 $194,826 $3,563 4.89%
    60-80% 266 $82,830,000 $311,391 $4,621 4.88%
    80-100% 403 $144,065,000 $357,481 $4,841 4.74%
    Over 100% 1 $285,000 $285,000 $3,688 4.00%
    Under 20% 57 $4,185,000 $73,421 $1,803 5.24%

    Complaints

    Bank Name Product Issue 2022 CPFB Complaints % of Total Issues
    Academy Mortgage Corporation Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 100.0%