Inwood National Bank Mortgage Rates, Fees & Info

Dallas, TX

LEI: 549300AHVQ1LDFNP8P69

Tax ID: 75-1160447

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

Review & Overview

Inwood National Bank is a smaller bank specializing in Home Purchase 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, Crestview, Houston, Phoenix, and Mineral Wells among others. We have data for 24 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.

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	6.04%	4/21/24
30 Year Conventional Refi	6.14%	4/21/24
30 Year Cash-out Refi	6.34%	4/21/24
30 Year FHA Purchase	6.44%	4/21/24
30 Year VA Purchase	5.66%	4/21/24
15 Year Conventional Purchase	5.49%	4/21/24
15 Year Conventional Refi	5.39%	4/21/24
15 Year Cash-out Refi	5.39%	4/21/24
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.

Inwood National Bank Mortgage Calculator

Purchase Price:

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This is not an official calculator from Inwood National 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

445

Origination Dollar Volume (All Markets)

$162,285,000

Employee count

231

Awards

Inwood National Bank 30 Year Conventional Loans bronze

Show all (5) 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
Dallas-Fort Worth-Arlington, TX (FHA\|USDA\|VA)	401	$142,605,000	$355,623	$5,116	4.60%
Outside of Metro Areas	10	$6,480,000	$648,000	$3,659	4.80%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA\|USDA\|VA)	2	$2,570,000	$1,285,000	$0	4.80%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA\|USDA\|VA)	7	$2,095,000	$299,286	$5,128	4.32%
PHOENIX-MESA-CHANDLER, AZ (FHA\|USDA\|VA)	1	$1,605,000	$1,605,000	$0	5.50%
Mineral Wells, TX (FHA\|USDA\|VA)	1	$1,185,000	$1,185,000	$9,033	4.75%
Gainesville, TX (FHA\|USDA\|VA)	3	$965,000	$321,667	$5,737	4.33%
TYLER, TX (FHA\|USDA\|VA)	2	$710,000	$355,000	$11,791	4.13%
Athens, TX (FHA\|USDA\|VA)	2	$630,000	$315,000	$4,142	5.00%
BROWNSVILLE-HARLINGEN, TX (FHA\|USDA\|VA)	2	$550,000	$275,000	$3,254	4.88%
New York-Newark-Jersey City, NY-NJ-PA (FHA\|USDA\|VA)	1	$375,000	$375,000	$0	5.34%
KILLEEN-TEMPLE, TX (FHA\|USDA\|VA)	1	$355,000	$355,000	$5,233	4.50%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA\|USDA\|VA)	1	$305,000	$305,000	$4,361	4.38%
SHERMAN-DENISON, TX (FHA\|USDA\|VA)	1	$225,000	$225,000	$0	5.00%
EL PASO, TX (FHA\|USDA\|VA)	1	$205,000	$205,000	$8,760	4.25%
Detroit-Warren-Dearborn, MI (FHA\|USDA\|VA)	1	$205,000	$205,000	$4,680	5.00%
SHREVEPORT-BOSSIER CITY, LA (FHA\|USDA\|VA)	1	$205,000	$205,000	$4,017	4.75%
NILES, MI (FHA\|USDA\|VA)	1	$175,000	$175,000	$4,210	4.50%
COLLEGE STATION-BRYAN, TX (FHA\|USDA\|VA)	1	$175,000	$175,000	$2,773	4.13%
ODESSA, TX (FHA\|USDA\|VA)	1	$165,000	$165,000	$5,232	5.00%
Granbury, TX (FHA\|USDA\|VA)	1	$165,000	$165,000	$3,457	3.50%
Rockport, TX (FHA\|USDA\|VA)	1	$165,000	$165,000	$0	4.88%
PENSACOLA-FERRY PASS-BRENT, FL (FHA\|USDA\|VA)	1	$135,000	$135,000	$3,240	4.63%
Bonham, TX (FHA\|USDA\|VA)	1	$35,000	$35,000	$0	5.75%

Inwood National Bank's top markets include Dallas, Crestview, Houston, Phoenix, and Mineral Wells among others.

Their top states include:

Texas (FHA|USDA|VA)

Florida (FHA|USDA|VA)

Colorado (FHA|USDA|VA)

Arizona (FHA|USDA|VA)

Michigan (FHA|USDA|VA)

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.

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TEXAS BAY
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CRESTMARK MORTGAGE COMPANY, LTD.
Similarity Rank: 992

ASCENT HOME LENDING, LLC
Similarity Rank: 1220

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	403	$153,735,000	$381,476	$4,835	4.62%
FHA	32	$5,830,000	$182,188	$7,496	4.48%
VA	10	$2,720,000	$272,000	$6,728	4.45%

For 2018, Inwood National Bank's most frequently originated type of loan was Conventional, with 403 originations. Their 2nd most popular type was FHA, with 32 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Home Purchase	294	$131,560,000	$447,483	$5,784	4.60%
Cash Out Refi	63	$12,945,000	$205,476	$4,375	4.75%
Refi	58	$12,600,000	$217,241	$4,140	4.35%
Home Improvement	19	$2,335,000	$122,895	$1,944	4.85%
Other	10	$2,260,000	$226,000	$1,961	5.05%
NA	1	$585,000	$585,000	$8,181	4.50%

For 2018, Inwood National Bank's most frequently cited loan purpose was Home Purchase, with 294 originations. The 2nd most popular reason was Cash Out Refi, with 63 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
30 Year	258	$69,080,000	$267,752	$5,465	4.60%
15 Year	69	$14,955,000	$216,739	$4,065	4.31%
Other	36	$25,490,000	$708,056	$8,336	4.80%
5 Year	36	$37,400,000	$1,038,889	$2,862	4.85%
10 Year	22	$8,080,000	$367,273	$2,944	4.68%
20 Year	16	$3,350,000	$209,375	$4,507	4.63%
1 Year	4	$2,050,000	$512,500	$0	5.00%
3 Year	4	$1,880,000	$470,000	$4,822	5.59%

For 2018, Inwood National Bank's most frequently cited loan duration was 30 Year, with 258 originations. The 2nd most popular length was 15 Year, with 69 originations.

Origination Fees/Closing Costs

Origination Fee/Closing Cost	Originations	Total Value	Average Loan
$1k-2k	254	$60,020,000	$236,299
$<1k	82	$33,710,000	$411,098
$2k-3k	16	$4,280,000	$267,500
$5k+	8	$11,450,000	$1,431,250
$3k-4k	6	$2,230,000	$371,667
$4k-5k	4	$1,250,000	$312,500

Inwood National Bank's average total fees were $5,465, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 254 originations.

Interest Rates

Loan Rate	Originations	Total Value	Average Loan
4-5%	290	$119,270,000	$411,276
3-4%	77	$25,255,000	$327,987
5-6%	75	$17,065,000	$227,533
6-7%	3	$695,000	$231,667

During 2018, Inwood National Bank's average interest rate for loans was 4.60%, while their most frequently originated rate bucket for loans was 4-5%, with 290 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$200k-400k	157	$42,785,000	$272,516	$5,144	4.53%
$100k-200k	142	$21,570,000	$151,901	$4,480	4.57%
$100,000 or less	57	$3,565,000	$62,544	$2,239	4.86%
$400k-600k	51	$23,765,000	$465,980	$6,435	4.66%
$1MM+	22	$58,520,000	$2,660,000	$13,138	4.61%
$600k-1MM	16	$12,080,000	$755,000	$6,252	4.64%

2018 saw Inwood National Bank place emphasis on $200k-400k loans with 157 originations, totaling $42,785,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100k-150k	80	$19,310,000	$241,375	$4,875	4.48%
$50k-75k	68	$9,850,000	$144,853	$4,149	4.66%
$150k-250k	67	$21,335,000	$318,433	$5,643	4.65%
$75k-100k	65	$13,445,000	$206,846	$4,885	4.51%
$250k+	62	$42,760,000	$689,677	$6,736	4.53%
$50k or less	59	$8,415,000	$142,627	$4,051	4.60%

Inwood National Bank lent most frequently to those with incomes in the $100k-150k range, with 80 originations. The second most popular income band? $50k-75k, with 68 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-30%	85	$28,115,000	$330,765	$5,383	4.49%
30-36%	69	$16,795,000	$243,406	$4,668	4.51%
<20%	43	$20,415,000	$474,767	$4,696	4.50%
40%	18	$3,730,000	$207,222	$4,305	4.74%
45%	18	$3,590,000	$199,444	$4,565	4.83%
41%	16	$4,840,000	$302,500	$5,106	4.47%
46%	15	$3,445,000	$229,667	$5,336	4.72%
39%	15	$5,075,000	$338,333	$5,851	4.49%
38%	14	$3,030,000	$216,429	$4,414	4.55%
37%	14	$4,310,000	$307,857	$5,467	4.50%
44%	14	$2,830,000	$202,143	$6,350	4.38%
47%	14	$2,960,000	$211,429	$5,240	4.50%
43%	13	$3,045,000	$234,231	$4,845	4.67%
49%	12	$2,920,000	$243,333	$4,951	4.49%
42%	10	$2,310,000	$231,000	$4,406	4.66%
36%	10	$1,910,000	$191,000	$3,899	4.55%
48%	10	$2,540,000	$254,000	$5,438	4.80%
50-60%	10	$1,910,000	$191,000	$6,750	4.66%
>60%	3	$965,000	$321,667	$4,856	4.46%

Inwood National Bank lent most frequently to those with DTI ratios of 20-30%, with 85 originations. The next most common DTI ratio? 30-36%, with 69 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	264	$78,590,000	$297,689	$4,982	4.57%
Not applicable	31	$44,435,000	$1,433,387	$18,649	5.15%
Not provided	116	$31,990,000	$275,776	$4,987	4.56%
Black	24	$3,840,000	$160,000	$5,622	4.57%
Asian	5	$2,215,000	$443,000	$6,043	4.38%
Native Hawaiian or Islander	3	$795,000	$265,000	$5,626	4.92%
American Indian	2	$420,000	$210,000	$5,873	4.50%

Approval Rates

Total approvals of all applications
92.89%

Inwood National Bank has an average approval rate.

Pick Rate

Approvals leading to origination
75.28%

Inwood National Bank has a below average pick rate.

Points and Fees

Points	Originations	Total Value	Average Loan
NA	445	$162,285,000	$364,685

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
Multifamily:Site-Built	5	$25,605,000	$5,121,000
Single Family (1-4 Units):Site-Built	440	$136,680,000	$310,636

LTV Distribution

Loan to Value	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-40%	31	$5,415,000	$174,677	$3,193	4.51%
40-60%	70	$33,910,000	$484,429	$3,983	4.49%
60-80%	186	$81,180,000	$436,452	$5,917	4.67%
80-100%	137	$35,475,000	$258,942	$5,687	4.55%
Under 20%	21	$6,305,000	$300,238	$1,492	4.98%

Bank Details

Branches

Bank Name	Branch	Branch Type	Deposits (000's)
Inwood National Bank	1100 Centennial Boulevard Richardson, TX 75081	Full Service B&M	$220,740
Inwood National Bank	1200 Main Street Garland, TX 75040	Full Service B&M	$113,425
Inwood National Bank	1312 Washington Street Commerce, TX 75428	Full Service B&M	$30,449
Inwood National Bank	13760 Noel Road, Suite 100 Dallas, TX 75240	Full Service B&M	$187,173
Inwood National Bank	1551 South Buckner Dallas, TX 75217	Full Service B&M	$67,237
Inwood National Bank	1801 North Hampton Street De Soto, TX 75115	Full Service B&M	$72,341
Inwood National Bank	198 Turtle Creek Village Dallas, TX 75219	Full Service B&M	$100,162
Inwood National Bank	200 South Highway 78 Wylie, TX 75098	Full Service B&M	$170,812
Inwood National Bank	219 East Camp Wisdom Road Duncanville, TX 75116	Full Service B&M	$74,822
Inwood National Bank	2220 San Jacinto Blvd Denton, TX 76205	Full Service B&M	$76,312
Inwood National Bank	2830 Ridge Road Rockwall, TX 75087	Full Service B&M	$102,256
Inwood National Bank	7621 Inwood Road Dallas, TX 75209	Full Service B&M	$941,586
Inwood National Bank	777 Taylor Street - Suite 102 Fort Worth, TX 76102	Full Service B&M	$69,323
Inwood National Bank	8500 Highway 66 Rowlett, TX 75088	Full Service B&M	$55,511

For 2018, Inwood National Bank had 14 branches.

Yearly Performance Overview

Bank Income

Item	Value (in 000's)
Total interest income	$101,161
Net interest income	$88,896
Total noninterest income	$6,561
Gross Fiduciary activities income	$0
Service charges on deposit accounts	$1,918
Trading account gains and fees	$0
Additional Noninterest Income	$4,643
Pre-tax net operating income	$54,142
Securities gains (or losses, -)	$0
Income before extraordinary items	$54,142
Discontinued Operations (Extraordinary gains, net)	$0
Net income of bank and minority interests	$54,142
Minority interest net income	$0
Net income	$54,142
Sale, conversion, retirement of capital stock, net	$0
Net operating income	$54,142

Inwood National Bank's gross interest income from loans was $101,161,000.
Inwood National Bank's net interest income from loans was $88,896,000.
Inwood National Bank's fee based income from loans was $1,918,000.
Inwood National Bank's net income from loans was $54,142,000.

Bank Expenses

Item	Value (in 000's)
Total interest expense	$12,265
Provision for credit losses	$650
Total noninterest expense	$40,665
Salaries and employee benefits	$23,700
Premises and equipment expense	$6,405
Additional noninterest expense	$10,560
Applicable income taxes	$0
Net charge-offs	$-130
Cash dividends	$28,500

Inwood National Bank's interest expense for loans was $12,265,000.
Inwood National Bank's payroll and benefits expense were $23,700,000.
Inwood National Bank's property, plant and equipment expenses $6,405,000.

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	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	$2,463,096
Deposits held in domestic offices	$2,463,096
Deposits by Individuals, partnerships, and corporations	$2,390,558
Deposits by U.S. Government	$0
Deposits by States and political subdivisions in the U.S.	$68,165
Deposits by Commercial banks and other depository institutions in U.S.	$4,373
Deposits by Banks in foreign countries	$0
Deposits by Foreign governments and official institutions	$0
Transaction accounts	$310,445
Demand deposits	$231,400
Nontransaction accounts	$2,152,651
Money market deposit accounts (MMDAs)	$954,593
Other savings deposits (excluding MMDAs)	$846,093
Total time deposits	$351,965
Total time and savings deposits	$2,231,696
Noninterest-bearing deposits	$939,816
Interest-bearing deposits	$1,523,280
Retail deposits	$2,273,726
IRAs and Keogh plan accounts	$31,684
Brokered deposits	$0
Deposits held in foreign offices	$0

Assets

Asset	Value (in 000's)
Total Assets	$2,817,297
Cash & Balances due from depository institutions	$264,121
Interest-bearing balances	$228,512
Total securities	$708,684
Federal funds sold & reverse repurchase	$0
Net loans and leases	$1,769,829
Loan and leases loss allowance	$18,509
Trading account assets	$0
Bank premises and fixed assets	$23,966
Other real estate owned	$64
Goodwill and other intangibles	$30,484
All other assets	$20,149

Liabilities

Liabilities	Value (in 000's)
Total liabilities and capital	$2,817,297
Total Liabilities	$2,512,508
Total deposits	$2,463,096
Interest-bearing deposits	$1,523,280
Deposits held in domestic offices	$2,463,096
% insured (estimated)	$51
Federal funds purchased and repurchase agreements	$41,958
Trading liabilities	$0
Other borrowed funds	$0
Subordinated debt	$0
All other liabilities	$7,454

Issued Loan Types

Type	Value (in 000's)
Net loans and leases	$1,769,829
Loan and leases loss allowance	$18,509
Total loans and leases (domestic)	$1,788,338
All real estate loans	$1,637,528
Real estate loans in domestic offices	$1,637,528
Construction and development loans	$219,103
Residential 1-4 family construction	$43,948
Other construction, all land development and other land	$175,155
Loans secured by nonfarm nonresidential properties	$1,036,414
Nonfarm nonresidential secured by owner-occupied properties	$319,092
Commercial real estate & other non-farm, non-residential	$717,322
Multifamily residential real estate	$31,920
1-4 family residential loans	$350,091
Farmland loans	$0
Loans held in foreign offices	$0
Farm loans	$1,833
Commercial and industrial loans	$124,685
To non-U.S. addressees	$0
Loans to individuals	$8,418
Credit card loans	$0
Related Plans	$103
Consumer Auto Loans	$1,941
Other loans to individuals	$6,374
All other loans & leases	$15,874
Loans to foreign governments and official institutions	$0
Other loans	$15,874
Loans to depository institutions and acceptances of other banks	$0
Loans not secured by real estate	$2,035
Loans secured by real estate to non-U.S. addressees	$0
Restructured Loans & leases	$33
Non 1-4 family restructured loans & leases	$33
Total loans and leases (foreign)	$0

Inwood National Bank had $1,769,829,000 of loans outstanding in 2018. $1,637,528,000 of loans were in real estate loans. $219,103,000 of loans were in development loans. $31,920,000 of loans were in multifamily mortgage loans. $350,091,000 of loans were in 1-4 family mortgage loans. $1,833,000 of loans were in farm loans. $0 of loans were in credit card loans. $1,941,000 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	356	$92,946	$261,084
Nonfarm, nonresidential loans - <$100k	50	$1,969	$39,380
Nonfarm, nonresidential loans - $100-250k	102	$10,501	$102,951
Nonfarm, nonresidential loans - $250k-1MM	204	$80,476	$394,490
Commercial & Industrial, US addressed loans - <$1MM	498	$36,880	$74,056
Commercial & Industrial, US addressed loans - <$100k	287	$5,952	$20,739
Commercial & Industrial, US addressed loans - $100-250k	91	$7,297	$80,187
Commercial & Industrial, US addressed loans - $250k-1MM	120	$23,631	$196,925
Agriculture operations loans - <$1MM	25	$1,832	$73,280
Agriculture operations loans - <$100k	19	$324	$17,053
Agriculture operations loans - $100-250k	1	$34	$34,000
Agriculture operations loans - $250k-1MM	5	$1,474	$294,800