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

Jump to:

Mortgage Data

Bank Data

Review & Overview

Inwood National Bank is a smaller bank specializing in Home Purchase and Refi loans. Inwood National Bank has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Dallas, Edwards, Salinas, Mineral Wells, and Houston among others. We have data for 33 markets. (Some data included below & more in-depth data is available with an active subscription.)

Inwood National Bank 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. 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






Your Estimates

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

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

555

Origination Dollar Volume (All Markets)

$167,295,000

Employee count

231 Show all (6) 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) 500 $148,460,000 $296,920 $5,144 4.03%
Edwards, CO (FHA|USDA|VA) 1 $2,085,000 $2,085,000 $0 5.00%
Outside of Metro Areas 10 $2,080,000 $208,000 $4,392 4.14%
SALINAS, CA (FHA|USDA|VA) 1 $1,975,000 $1,975,000 $13,776 4.25%
Mineral Wells, TX (FHA|USDA|VA) 2 $1,520,000 $760,000 $6,750 4.38%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 5 $1,465,000 $293,000 $5,282 4.30%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 2 $1,130,000 $565,000 $16,574 3.56%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 3 $955,000 $318,333 $3,610 4.08%
Granbury, TX (FHA|USDA|VA) 4 $750,000 $187,500 $3,848 3.94%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 2 $570,000 $285,000 $3,539 3.50%
ST. LOUIS, MO-IL (FHA|USDA|VA) 1 $485,000 $485,000 $4,719 3.63%
KANSAS CITY, MO-KS (FHA|USDA|VA) 1 $455,000 $455,000 $3,221 3.63%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 2 $410,000 $205,000 $2,628 4.20%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 1 $405,000 $405,000 $3,478 3.38%
TYLER, TX (FHA|USDA|VA) 2 $390,000 $195,000 $3,495 3.63%
Stephenville, TX (FHA|USDA|VA) 1 $345,000 $345,000 $3,138 3.88%
Bonham, TX (FHA|USDA|VA) 1 $345,000 $345,000 $6,116 4.00%
Taos, NM (FHA|USDA|VA) 1 $335,000 $335,000 $5,681 3.63%
Jacksonville, TX (FHA|USDA|VA) 1 $305,000 $305,000 $3,335 4.50%
WACO, TX (FHA|USDA|VA) 1 $285,000 $285,000 $4,489 4.00%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $275,000 $275,000 $2,926 3.88%
OKLAHOMA CITY, OK (FHA|USDA|VA) 1 $245,000 $245,000 $3,768 4.38%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $245,000 $245,000 $0 3.88%
Butte-Silver Bow, MT (FHA|USDA|VA) 1 $245,000 $245,000 $3,825 3.75%
SHERMAN-DENISON, TX (FHA|USDA|VA) 1 $235,000 $235,000 $3,970 4.50%
ABILENE, TX (FHA|USDA|VA) 1 $225,000 $225,000 $4,950 3.75%
THE VILLAGES, FL (FHA|USDA|VA) 1 $225,000 $225,000 $4,756 4.13%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $165,000 $165,000 $3,445 4.25%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 1 $165,000 $165,000 $0 5.00%
OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 1 $165,000 $165,000 $2,991 3.75%
MOBILE, AL (FHA|USDA|VA) 1 $135,000 $135,000 $0 5.13%
ALBUQUERQUE, NM (FHA|USDA|VA) 1 $135,000 $135,000 $3,861 3.63%
Elk City, OK (FHA|USDA|VA) 1 $85,000 $85,000 $2,881 3.25%
Inwood National Bank's top markets include Dallas, Edwards, Salinas, Mineral Wells, and Houston among others.

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

    MEMBERS CHOICE Credit Union
    Similarity Rank: 549
    SMART FINANCIAL CREDIT UNION
    Similarity Rank: 707
    AAXY L.L.C.
    Similarity Rank: 848
    TEXAS BAY
    Similarity Rank: 888
    AMERANT BANK, NATIONAL ASSOCIATION
    Similarity Rank: 1060
    TEXANS
    Similarity Rank: 1204
    NEIGHBORHOOD
    Similarity Rank: 1228
    JSC
    Similarity Rank: 1296
    PIKE CREEK MORTGAGE SERVICES, INC.
    Similarity Rank: 1368
    ADVISA MORTGAGE SERVICES, LTD.
    Similarity Rank: 1475

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 509 $154,695,000 $303,919 $4,780 4.08%
    FHA 32 $8,660,000 $270,625 $9,366 3.50%
    VA 14 $3,940,000 $281,429 $6,343 3.56%

    For 2019, Inwood National Bank's most frequently originated type of loan was Conventional, with 509 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 308 $101,060,000 $328,117 $5,660 4.11%
    Refi 111 $33,775,000 $304,279 $4,615 3.65%
    Cash Out Refi 97 $22,865,000 $235,722 $4,519 3.88%
    Other 20 $2,900,000 $145,000 $3,339 4.68%
    Home Improvement 19 $6,695,000 $352,368 $5,771 5.20%

    For 2019, Inwood National Bank's most frequently cited loan purpose was Home Purchase, with 308 originations. The 2nd most popular reason was Refi, with 111 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 378 $106,720,000 $282,328 $5,188 3.92%
    15 Year 78 $17,790,000 $228,077 $4,116 3.59%
    Other 32 $22,720,000 $710,000 $8,733 4.73%
    5 Year 26 $6,720,000 $258,462 $4,603 5.24%
    10 Year 21 $6,675,000 $317,857 $3,400 4.77%
    20 Year 12 $3,240,000 $270,000 $4,045 3.79%
    1 Year 5 $695,000 $139,000 $0 5.70%
    3 Year 2 $760,000 $380,000 $12,340 5.13%
    30+ year 1 $1,975,000 $1,975,000 $13,776 4.25%

    For 2019, Inwood National Bank's most frequently cited loan duration was 30 Year, with 378 originations. The 2nd most popular length was 15 Year, with 78 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 390 $103,800,000 $266,154
    $<1k 62 $21,070,000 $339,839
    $2k-3k 14 $4,050,000 $289,286
    $5k+ 10 $16,650,000 $1,665,000
    $3k-4k 4 $2,180,000 $545,000
    $4k-5k 1 $365,000 $365,000

    Inwood National Bank's average total fees were $5,188, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 390 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 306 $87,480,000 $285,882
    4-5% 177 $59,415,000 $335,678
    5-6% 39 $11,065,000 $283,718
    2.5-3% 26 $8,270,000 $318,077
    6-7% 7 $1,065,000 $152,143

    During 2019, Inwood National Bank's average interest rate for loans was 3.92%, while their most frequently originated rate bucket for loans was 3-4%, with 306 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 222 $64,020,000 $288,378 $5,222 3.91%
    $100k-200k 165 $24,305,000 $147,303 $3,959 4.06%
    $400k-600k 83 $38,095,000 $458,976 $5,812 3.76%
    $100,000 or less 56 $3,710,000 $66,250 $2,352 4.60%
    $600k-1MM 15 $11,395,000 $759,667 $8,338 4.50%
    $1MM+ 14 $25,770,000 $1,840,714 $18,718 4.62%

    2019 saw Inwood National Bank place emphasis on $200k-400k loans with 222 originations, totaling $64,020,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 110 $29,930,000 $272,091 $4,918 3.86%
    $150k-250k 100 $34,220,000 $342,200 $5,148 4.00%
    $50k-75k 87 $13,895,000 $159,713 $4,403 3.94%
    $75k-100k 82 $18,800,000 $229,268 $4,919 3.82%
    $250k+ 74 $46,740,000 $631,622 $7,966 4.20%
    $50k or less 59 $7,575,000 $128,390 $3,636 4.42%

    Inwood National Bank lent most frequently to those with incomes in the $100k-150k range, with 110 originations. The second most popular income band? $150k-250k, with 100 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 107 $27,335,000 $255,467 $4,345 3.93%
    30-36% 103 $30,725,000 $298,301 $4,812 3.98%
    <20% 48 $25,880,000 $539,167 $6,843 4.10%
    43% 30 $7,570,000 $252,333 $5,005 4.00%
    42% 27 $7,355,000 $272,407 $5,055 3.92%
    44% 22 $6,310,000 $286,818 $4,894 3.95%
    41% 22 $6,360,000 $289,091 $5,906 3.76%
    38% 20 $4,560,000 $228,000 $4,824 4.09%
    36% 18 $4,540,000 $252,222 $4,658 4.00%
    49% 17 $4,005,000 $235,588 $4,673 3.89%
    40% 16 $4,750,000 $296,875 $5,125 3.71%
    39% 14 $3,250,000 $232,143 $5,346 3.83%
    48% 14 $3,160,000 $225,714 $5,095 3.86%
    46% 13 $3,125,000 $240,385 $5,329 3.81%
    37% 13 $3,045,000 $234,231 $4,873 4.10%
    45% 11 $2,445,000 $222,273 $4,863 3.64%
    47% 11 $3,705,000 $336,818 $4,895 3.82%
    50-60% 11 $4,475,000 $406,818 $9,083 3.73%
    >60% 3 $2,475,000 $825,000 $7,698 4.75%

    Inwood National Bank lent most frequently to those with DTI ratios of 20-30%, with 107 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 319 $89,265,000 $279,828 $4,890 4.09%
    Not provided 188 $63,710,000 $338,883 $5,576 3.81%
    Not applicable 16 $8,930,000 $558,125 $3,282 5.16%
    Black 25 $3,955,000 $158,200 $4,784 4.26%
    Asian 4 $970,000 $242,500 $4,951 4.22%
    American Indian 2 $400,000 $200,000 $4,242 3.75%
    Other Asian 1 $65,000 $65,000 $3,360 3.63%

    Approval Rates

    Total approvals of all applications
    89.59%

    Inwood National Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    76.40%

    Inwood National Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 555 $167,295,000 $301,432

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 2 $870,000 $435,000
    Single Family (1-4 Units):Site-Built 553 $166,425,000 $300,949

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 35 $7,915,000 $226,143 $4,273 4.20%
    40-60% 96 $30,870,000 $321,563 $4,890 3.93%
    60-80% 215 $68,065,000 $316,581 $4,954 4.10%
    80-100% 190 $58,130,000 $305,947 $5,796 3.88%
    Over 100% 2 $510,000 $255,000 $11,738 5.00%
    Under 20% 17 $1,805,000 $106,176 $1,935 5.07%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Inwood National Bank 1100 Centennial Boulevard Richardson, TX 75081 Full Service B&M $276,935
    Inwood National Bank 1200 Main Street Garland, TX 75040 Full Service B&M $120,863
    Inwood National Bank 1312 Washington Street Commerce, TX 75428 Full Service B&M $28,830
    Inwood National Bank 13760 Noel Road, Suite 100 Dallas, TX 75240 Full Service B&M $193,314
    Inwood National Bank 1551 South Buckner Dallas, TX 75217 Full Service B&M $69,879
    Inwood National Bank 1801 North Hampton Street De Soto, TX 75115 Full Service B&M $74,638
    Inwood National Bank 198 Turtle Creek Village Dallas, TX 75219 Full Service B&M $99,863
    Inwood National Bank 200 South Highway 78 Wylie, TX 75098 Full Service B&M $184,670
    Inwood National Bank 219 East Camp Wisdom Road Duncanville, TX 75116 Full Service B&M $84,070
    Inwood National Bank 2220 San Jacinto Blvd Denton, TX 76205 Full Service B&M $75,195
    Inwood National Bank 2830 Ridge Road Rockwall, TX 75087 Full Service B&M $112,867
    Inwood National Bank 7621 Inwood Road Dallas, TX 75209 Full Service B&M $1,011,928
    Inwood National Bank 777 Taylor Street - Suite 102 Fort Worth, TX 76102 Full Service B&M $66,229
    Inwood National Bank 8500 Highway 66 Rowlett, TX 75088 Full Service B&M $60,844

    For 2019, Inwood National Bank had 14 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $111,974
    Net interest income $90,591
    Total noninterest income $6,971
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,751
    Trading account gains and fees $0
    Additional Noninterest Income $5,220
    Pre-tax net operating income $54,545
    Securities gains (or losses, -) $0
    Income before extraordinary items $54,545
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $54,545
    Minority interest net income $0
    Net income $54,545
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $54,545

    Inwood National Bank's gross interest income from loans was $111,974,000.
    Inwood National Bank's net interest income from loans was $90,591,000.
    Inwood National Bank's fee based income from loans was $1,751,000.
    Inwood National Bank's net income from loans was $54,545,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $21,383
    Provision for credit losses $0
    Total noninterest expense $43,017
    Salaries and employee benefits $24,964
    Premises and equipment expense $6,717
    Additional noninterest expense $11,336
    Applicable income taxes $0
    Net charge-offs $-206
    Cash dividends $30,000

    Inwood National Bank's interest expense for loans was $21,383,000.
    Inwood National Bank's payroll and benefits expense were $24,964,000.
    Inwood National Bank's property, plant and equipment expenses $6,717,000.

    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 $2,649,362
    Deposits held in domestic offices $2,649,362
    Deposits by Individuals, partnerships, and corporations $2,605,389
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $41,185
    Deposits by Commercial banks and other depository institutions in U.S. $2,788
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $330,460
    Demand deposits $276,838
    Nontransaction accounts $2,318,902
    Money market deposit accounts (MMDAs) $1,088,584
    Other savings deposits (excluding MMDAs) $835,065
    Total time deposits $395,254
    Total time and savings deposits $2,372,524
    Noninterest-bearing deposits $950,273
    Interest-bearing deposits $1,699,089
    Retail deposits $2,448,040
    IRAs and Keogh plan accounts $33,860
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $3,038,098
    Cash & Balances due from depository institutions $87,370
    Interest-bearing balances $56,590
    Total securities $996,397
    Federal funds sold & reverse repurchase $0
    Net loans and leases $1,878,661
    Loan and leases loss allowance $18,715
    Trading account assets $0
    Bank premises and fixed assets $23,978
    Other real estate owned $0
    Goodwill and other intangibles $30,484
    All other assets $21,208

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $3,038,098
    Total Liabilities $2,708,764
    Total deposits $2,649,362
    Interest-bearing deposits $1,699,089
    Deposits held in domestic offices $2,649,362
    % insured (estimated) $49
    Federal funds purchased and repurchase agreements $51,848
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $7,554

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $1,878,661
    Loan and leases loss allowance $18,715
    Total loans and leases (domestic) $1,897,376
    All real estate loans $1,769,076
    Real estate loans in domestic offices $1,769,076
    Construction and development loans $224,590
    Residential 1-4 family construction $25,951
    Other construction, all land development and other land $198,639
    Loans secured by nonfarm nonresidential properties $1,160,878
    Nonfarm nonresidential secured by owner-occupied properties $373,648
    Commercial real estate & other non-farm, non-residential $787,230
    Multifamily residential real estate $27,227
    1-4 family residential loans $356,381
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $1,723
    Commercial and industrial loans $107,187
    To non-U.S. addressees $0
    Loans to individuals $7,230
    Credit card loans $0
    Related Plans $115
    Consumer Auto Loans $1,194
    Other loans to individuals $5,921
    All other loans & leases $12,160
    Loans to foreign governments and official institutions $0
    Other loans $12,160
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $1,237
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $4
    Non 1-4 family restructured loans & leases $4
    Total loans and leases (foreign) $0

    Inwood National Bank had $1,878,661,000 of loans outstanding in 2019. $1,769,076,000 of loans were in real estate loans. $224,590,000 of loans were in development loans. $27,227,000 of loans were in multifamily mortgage loans. $356,381,000 of loans were in 1-4 family mortgage loans. $1,723,000 of loans were in farm loans. $0 of loans were in credit card loans. $1,194,000 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 353 $96,106 $272,255
    Nonfarm, nonresidential loans - <$100k 45 $1,854 $41,200
    Nonfarm, nonresidential loans - $100-250k 95 $10,548 $111,032
    Nonfarm, nonresidential loans - $250k-1MM 213 $83,704 $392,977
    Commercial & Industrial, US addressed loans - <$1MM 457 $37,060 $81,094
    Commercial & Industrial, US addressed loans - <$100k 259 $6,316 $24,386
    Commercial & Industrial, US addressed loans - $100-250k 84 $7,065 $84,107
    Commercial & Industrial, US addressed loans - $250k-1MM 114 $23,679 $207,711
    Agriculture operations loans - <$1MM 25 $1,288 $51,520
    Agriculture operations loans - <$100k 21 $422 $20,095
    Agriculture operations loans - $250k-1MM 4 $866 $216,500