West Texas National Bank Mortgage Rates, Fees & Info

Midland, TX

LEI: 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: Midland, Dallas, Boston, College Station, and San Antonio among others. We have data for 13 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

70

Origination Dollar Volume (All Markets)

$29,620,000

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
MIDLAND, TX (FHA|USDA|VA) 26 $11,770,000 $452,692 $0 0.00%
Outside of Metro Areas 25 $6,605,000 $264,200 $0 0.00%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 5 $4,305,000 $861,000 $0 0.00%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 1 $1,365,000 $1,365,000 $0 0.00%
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 1 $1,025,000 $1,025,000 $0 0.00%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $885,000 $885,000 $0 0.00%
Pecos, TX (FHA|USDA|VA) 1 $835,000 $835,000 $0 0.00%
SAN ANGELO, TX (FHA|USDA|VA) 1 $795,000 $795,000 $0 0.00%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 2 $770,000 $385,000 $0 0.00%
LUBBOCK, TX (FHA|USDA|VA) 3 $485,000 $161,667 $0 0.00%
Big Spring, TX (FHA|USDA|VA) 2 $360,000 $180,000 $0 0.00%
Ruidoso, NM (FHA|USDA|VA) 1 $355,000 $355,000 $0 0.00%
Andrews, TX (FHA|USDA|VA) 1 $65,000 $65,000 $0 0.00%
West Texas National Bank's top markets include Midland, Dallas, Boston, College Station, and San Antonio among others.

Their top states include:
  • Texas (FHA|USDA|VA)
  • Massachusetts (FHA|USDA|VA)
  • Wyoming (FHA|USDA|VA)
  • New Mexico (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 70 $29,620,000 $423,143 $0 0.00%

    For 2022, West Texas National Bank's most frequently originated type of loan was Conventional, with 70 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 40 $20,380,000 $509,500 $0 0.00%
    Cash Out Refi 12 $2,310,000 $192,500 $0 0.00%
    Refi 11 $5,515,000 $501,364 $0 0.00%
    Home Improvement 5 $935,000 $187,000 $0 0.00%
    Other 2 $480,000 $240,000 $0 0.00%

    For 2022, West Texas National Bank's most frequently cited loan purpose was Home Purchase, with 40 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 70 $29,620,000 $423,143 $0 0.00%

    For 2022, West Texas National Bank's most frequently cited loan duration was Other, with 70 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 19 $2,955,000 $155,526 $0 0.00%
    $200k-400k 19 $5,245,000 $276,053 $0 0.00%
    $100,000 or less 9 $495,000 $55,000 $0 0.00%
    $400k-600k 9 $4,305,000 $478,333 $0 0.00%
    $600k-1MM 8 $6,500,000 $812,500 $0 0.00%
    $1MM+ 6 $10,120,000 $1,686,667 $0 0.00%

    2022 saw West Texas National Bank place emphasis on $100k-200k loans with 19 originations, totaling $2,955,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 21 $6,765,000 $322,143 $0 0.00%
    $250k+ 17 $16,185,000 $952,059 $0 0.00%
    $100k-150k 13 $2,785,000 $214,231 $0 0.00%
    $50k-75k 5 $685,000 $137,000 $0 0.00%
    $75k-100k 5 $1,295,000 $259,000 $0 0.00%
    $50k or less 3 $365,000 $121,667 $0 0.00%

    West Texas National Bank lent most frequently to those with incomes in the $150k-250k range, with 21 originations. The second most popular income band? $250k+, with 17 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 70 $29,620,000 $423,143 $0 0.00%

    West Texas National Bank lent most frequently to those with DTI ratios of Exempt%, with 70 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 57 $25,715,000 $451,140 $0 0.00%
    Not provided 7 $2,365,000 $337,857 $0 0.00%
    Not applicable 6 $1,540,000 $256,667 $0 0.00%

    Approval Rates

    Total approvals of all applications
    88.68%

    West Texas National Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    74.29%

    West Texas National Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 70 $29,620,000 $423,143

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    70 $29,620,000 $423,143