West Texas National Bank Mortgage Rates, Fees & Info
Midland, TXLEI: 549300ALAL7EW71UE133
Tax ID: 74-0481852
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Mortgage Data
Review & Overview
West Texas National Bank is a smaller bank specializing in Home Purchase loans. West Texas National Bank has a high proportion of conventional loans. Their top markets by origination volume include: Dallas, Midland, Phoenix, Corpus Christi, and Mineral Wells among others. We have data for 18 markets. (Some data included below & more in-depth data is available with an active subscription.)West Texas 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.
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Originations
62Origination Dollar Volume (All Markets)
$21,840,000Top 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 |
|---|---|---|---|---|---|
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 6 | $5,800,000 | $966,667 | $0 | 0.00% |
| MIDLAND, TX (FHA|USDA|VA) | 12 | $3,860,000 | $321,667 | $0 | 0.00% |
| Outside of Metro Areas | 20 | $2,960,000 | $148,000 | $0 | 0.00% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $2,375,000 | $2,375,000 | $0 | 0.00% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 2 | $1,360,000 | $680,000 | $0 | 0.00% |
| Mineral Wells, TX (FHA|USDA|VA) | 1 | $1,205,000 | $1,205,000 | $0 | 0.00% |
| LUBBOCK, TX (FHA|USDA|VA) | 5 | $915,000 | $183,000 | $0 | 0.00% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 1 | $555,000 | $555,000 | $0 | 0.00% |
| Andrews, TX (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $0 | 0.00% |
| Pecos, TX (FHA|USDA|VA) | 4 | $420,000 | $105,000 | $0 | 0.00% |
| Big Spring, TX (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $0 | 0.00% |
| AMARILLO, TX (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $0 | 0.00% |
| ODESSA, TX (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $0 | 0.00% |
| Kerrville, TX (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 0.00% |
| Snyder, TX (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 0.00% |
| Lamesa, TX (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 0.00% |
| Traverse City, MI (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 62 | $21,840,000 | $352,258 | $0 | 0.00% |
For 2023, West Texas National Bank's most frequently originated type of loan was Conventional, with 62 originations.
Loan Reason
For 2023, West Texas National Bank's most frequently cited loan purpose was Home Purchase, with 39 originations. The 2nd most popular reason was Home Improvement, with 11 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 62 | $21,840,000 | $352,258 | $0 | 0.00% |
For 2023, West Texas National Bank's most frequently cited loan duration was Other, with 62 originations.
Loan Sizing
2023 saw West Texas National Bank place emphasis on $100k-200k loans with 17 originations, totaling $2,385,000 in origination value.
Applicant Income
West Texas National Bank lent most frequently to those with incomes in the $150k-250k range, with 12 originations. The second most popular income band? $250k+, with 10 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 62 | $21,840,000 | $352,258 | $0 | 0.00% |
West Texas National Bank lent most frequently to those with DTI ratios of Exempt%, with 62 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications90.38%
West Texas National Bank has an average approval rate.
Pick Rate
Approvals leading to origination85.48%
West Texas National Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 62 | $21,840,000 | $352,258 |