Inwood National Bank Mortgage Rates, Fees & Info
Dallas, TXLEI: 549300AHVQ1LDFNP8P69
Tax ID: 75-1160447
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Mortgage Data
Review & Overview
Inwood National Bank is a smaller bank specializing in loans. Inwood National Bank has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Dallas, Athens, Houston, Edwards, and Salinas among others. We have data for 29 markets. (Some data included below & more in-depth data is available with an active subscription.)Inwood National 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. Inwood National Bank is typically an average 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.04% | 3/28/23 |
| 30 Year Conventional Refi | 6.14% | 3/28/23 |
| 30 Year Cash-out Refi | 6.34% | 3/28/23 |
| 30 Year FHA Purchase | 6.44% | 3/28/23 |
| 30 Year VA Purchase | 5.66% | 3/28/23 |
| 15 Year Conventional Purchase | 5.49% | 3/28/23 |
| 15 Year Conventional Refi | 5.39% | 3/28/23 |
| 15 Year Cash-out Refi | 5.39% | 3/28/23 |
| 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. | ||
Originations
307Origination Dollar Volume (All Markets)
$201,895,000Awards
Inwood National Bank - 2022
Inwood National Bank is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
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Relative Rate
Inwood National Bank's average 30 year fixed mortgage rate was
4.4%.
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
This yields a difference of -0.36%.
Relative Fees (Closing Costs)
Inwood National Bank's average total fees/closing costs for a 30 year fixed rate
mortgage were $5,995.
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 $4,750.
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 |
|---|---|---|---|---|---|
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 246 | $159,660,000 | $649,024 | $5,979 | 4.40% |
| Outside of Metro Areas | 11 | $19,415,000 | $1,765,000 | $13,738 | 4.47% |
| Athens, TX (FHA|USDA|VA) | 9 | $4,015,000 | $446,111 | $6,101 | 4.37% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 7 | $3,525,000 | $503,571 | $7,061 | 4.64% |
| Edwards, CO (FHA|USDA|VA) | 1 | $2,005,000 | $2,005,000 | $15,357 | 4.50% |
| SALINAS, CA (FHA|USDA|VA) | 1 | $1,875,000 | $1,875,000 | $0 | 4.25% |
| TYLER, TX (FHA|USDA|VA) | 3 | $1,735,000 | $578,333 | $7,966 | 5.54% |
| Heber, UT (FHA|USDA|VA) | 1 | $1,405,000 | $1,405,000 | $12,389 | 5.75% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 3 | $915,000 | $305,000 | $4,660 | 3.87% |
| LUBBOCK, TX (FHA|USDA|VA) | 2 | $670,000 | $335,000 | $4,789 | 4.81% |
| Gainesville, TX (FHA|USDA|VA) | 1 | $645,000 | $645,000 | $15,424 | 4.88% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $555,000 | $555,000 | $2,948 | 3.95% |
| Stephenville, TX (FHA|USDA|VA) | 3 | $545,000 | $181,667 | $0 | 5.73% |
| Bonham, TX (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $6,508 | 3.13% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $0 | 4.90% |
| CAPE GIRARDEAU, MO-IL (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $3,149 | 3.88% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $3,764 | 4.25% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 3 | $415,000 | $138,333 | $3,298 | 5.54% |
| Pinehurst-Southern Pines, NC (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $4,088 | 5.13% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $5,156 | 6.25% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $5,167 | 6.13% |
| Corsicana, TX (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $4,862 | 2.25% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $17,094 | 2.99% |
| Sevierville, TN (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 6.50% |
| WICHITA FALLS, TX (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $5,374 | 6.75% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $6,287 | 4.25% |
| Sulphur Springs, TX (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,578 | 5.50% |
| Granbury, TX (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 6.63% |
| Stillwater, OK (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 4.25% |
Similar Lenders
We use machine learning to identify the top lenders compared against Inwood National Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 792
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 302 | $199,250,000 | $659,768 | $6,197 | 4.48% |
| VA | 4 | $2,330,000 | $582,500 | $11,211 | 3.59% |
| FHA | 1 | $315,000 | $315,000 | $10,645 | 5.88% |
For 2022, Inwood National Bank's most frequently originated type of loan was Conventional, with 302 originations. Their 2nd most popular type was VA, with 4 originations.
Loan Reason
For 2022, Inwood National Bank's most frequently cited loan purpose was Home Purchase, with 212 originations. The 2nd most popular reason was Cash Out Refi, with 43 originations.
Loan Duration/Length
For 2022, Inwood National Bank's most frequently cited loan duration was 30 Year, with 180 originations. The 2nd most popular length was Other, with 47 originations.
Origination Fees/Closing Costs
Inwood National Bank's average total fees were $5,995, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 134 originations.
Interest Rates
During 2022, Inwood National Bank's average interest rate for loans was 4.40%, while their most frequently originated rate bucket for loans was 3-4%, with 101 originations.
Loan Sizing
2022 saw Inwood National Bank place emphasis on $200k-400k loans with 90 originations, totaling $26,330,000 in origination value.
Applicant Income
Inwood National Bank lent most frequently to those with incomes in the $250k+ range, with 69 originations. The second most popular income band? $150k-250k, with 59 originations.
Applicant Debt to Income Ratio
Inwood National Bank lent most frequently to those with DTI ratios of 20-30%, with 58 originations. The next most common DTI ratio? 30-36%, with 57 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications91.90%
Inwood National Bank has an average approval rate.
Pick Rate
Approvals leading to origination82.74%
Inwood National Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 307 | $201,895,000 | $657,638 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2022 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| INDIANAPOLIS NEIGHBORHOOD HOUSING PARTNERSHIP | Conventional home mortgage | Struggling to pay mortgage | 1 | 100.0% |