West Texas National Bank Mortgage Rates, Fees & Info
Midland, TXLEI: 549300ALAL7EW71UE133
Tax ID: 74-0481852
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
West Texas National Bank is a smaller bank specializing in Home Purchase and Refi loans. West Texas National Bank has a high proportion of conventional loans. Their top markets by origination volume include: Dallas, Midland, Lubbock, Odessa, and Andrews among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)West Texas 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.
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Originations
68Origination Dollar Volume (All Markets)
$26,960,000Top 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 |
|---|---|---|---|---|---|
| Outside of Metro Areas | 35 | $10,995,000 | $314,143 | $0 | 0.00% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 5 | $6,185,000 | $1,237,000 | $0 | 0.00% |
| MIDLAND, TX (FHA|USDA|VA) | 12 | $3,360,000 | $280,000 | $0 | 0.00% |
| LUBBOCK, TX (FHA|USDA|VA) | 7 | $3,295,000 | $470,714 | $0 | 0.00% |
| ODESSA, TX (FHA|USDA|VA) | 3 | $1,135,000 | $378,333 | $0 | 0.00% |
| Andrews, TX (FHA|USDA|VA) | 2 | $960,000 | $480,000 | $0 | 0.00% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $0 | 0.00% |
| FLAGSTAFF, AZ (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $0 | 0.00% |
| Duncan, OK (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| Pecos, TX (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 68 | $26,960,000 | $396,471 | $0 | 0.00% |
For 2024, West Texas National Bank's most frequently originated type of loan was Conventional, with 68 originations.
Loan Reason
For 2024, West Texas National Bank's most frequently cited loan purpose was Home Purchase, with 38 originations. The 2nd most popular reason was Cash Out Refi, with 12 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 68 | $26,960,000 | $396,471 | $0 | 0.00% |
For 2024, West Texas National Bank's most frequently cited loan duration was Other, with 68 originations.
Loan Sizing
2024 saw West Texas National Bank place emphasis on $200k-400k loans with 24 originations, totaling $6,810,000 in origination value.
Applicant Income
West Texas National Bank lent most frequently to those with incomes in the $250k+ range, with 18 originations. The second most popular income band? $100k-150k, with 9 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 68 | $26,960,000 | $396,471 | $0 | 0.00% |
West Texas National Bank lent most frequently to those with DTI ratios of Exempt%, with 68 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications82.76%
West Texas National Bank has a below average approval rate.
Pick Rate
Approvals leading to origination75.00%
West Texas National Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 68 | $26,960,000 | $396,471 |