Southside Bank Mortgage Rates, Fees & InfoTyler, TX
Tax ID: 75-1046251
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Review & OverviewSouthside Bank is a smaller bank specializing in Home Purchase loans. Southside 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, Houston, Tyler, Phoenix, and Longview among others. We have data for 29 markets. (Some data included below & more in-depth data is available with an active subscription.)
Southside 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. Southside 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.
|Simulated Rate||Simulation Date|
|30 Year Conventional Purchase||6.74%||9/18/23|
|30 Year Conventional Refi||6.72%||9/18/23|
|30 Year Cash-out Refi||7.02%||9/18/23|
|30 Year FHA Purchase||7.45%||9/18/23|
|30 Year VA Purchase||6.59%||9/18/23|
|15 Year Conventional Purchase||6.04%||9/18/23|
|15 Year Conventional Refi||6.43%||9/18/23|
|15 Year Cash-out Refi||6.43%||9/18/23|
|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.|
Southside Bank Mortgage Calculator
Your EstimatesEstimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Southside 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.
Origination Dollar Volume (All Markets)$378,780,000
Southside Bank - 2022
Southside Bank is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
Work for Southside Bank?
Use this award on your own site. Either save and use the images below, or pass the provided image embed code to your development team.
Southside Bank's average 30 year fixed mortgage rate was
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
This yields a difference of 0.33%.
Relative Fees (Closing Costs)
Southside Bank's average total fees/closing costs for a 30 year fixed rate
mortgage were $6,101.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $4,750.
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)||146||$130,910,000||$896,644||$11,712||4.79%|
|HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA)||25||$79,445,000||$3,177,800||$7,247||4.97%|
|TYLER, TX (FHA|USDA|VA)||98||$42,430,000||$432,959||$5,630||4.91%|
|PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA)||1||$25,005,000||$25,005,000||$0||5.10%|
|LONGVIEW, TX (FHA|USDA|VA)||20||$22,760,000||$1,138,000||$4,057||4.92%|
|AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA)||19||$20,075,000||$1,056,579||$9,702||4.89%|
|AMARILLO, TX (FHA|USDA|VA)||2||$17,610,000||$8,805,000||$10,793||3.89%|
|Outside of Metro Areas||50||$11,490,000||$229,800||$6,016||4.89%|
|Lufkin, TX (FHA|USDA|VA)||42||$7,500,000||$178,571||$5,946||4.89%|
|Athens, TX (FHA|USDA|VA)||12||$3,730,000||$310,833||$5,849||4.60%|
|Nacogdoches, TX (FHA|USDA|VA)||17||$2,345,000||$137,941||$4,428||5.40%|
|SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA)||4||$2,110,000||$527,500||$10,532||5.28%|
|Jacksonville, TX (FHA|USDA|VA)||9||$2,045,000||$227,222||$7,000||5.17%|
|SHERMAN-DENISON, TX (FHA|USDA|VA)||3||$2,045,000||$681,667||$14,099||5.75%|
|WACO, TX (FHA|USDA|VA)||4||$1,760,000||$440,000||$9,684||4.72%|
|COLLEGE STATION-BRYAN, TX (FHA|USDA|VA)||4||$1,240,000||$310,000||$6,221||4.66%|
|Granbury, TX (FHA|USDA|VA)||3||$1,035,000||$345,000||$8,744||5.29%|
|Corsicana, TX (FHA|USDA|VA)||2||$1,020,000||$510,000||$11,390||4.88%|
|Palestine, TX (FHA|USDA|VA)||6||$920,000||$153,333||$4,298||4.97%|
|Stephenville, TX (FHA|USDA|VA)||2||$910,000||$455,000||$12,412||4.33%|
|ABILENE, TX (FHA|USDA|VA)||1||$555,000||$555,000||$8,482||5.63%|
|Mineral Wells, TX (FHA|USDA|VA)||1||$555,000||$555,000||$11,880||6.13%|
|TWIN FALLS, ID (FHA|USDA|VA)||1||$515,000||$515,000||$6,917||4.25%|
|CORPUS CHRISTI, TX (FHA|USDA|VA)||1||$225,000||$225,000||$4,203||5.38%|
|Andrews, TX (FHA|USDA|VA)||1||$165,000||$165,000||$4,259||4.13%|
|LUBBOCK, TX (FHA|USDA|VA)||1||$135,000||$135,000||$3,504||4.13%|
|BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA)||1||$125,000||$125,000||$3,921||3.88%|
|WICHITA FALLS, TX (FHA|USDA|VA)||1||$75,000||$75,000||$0||4.50%|
|LAWTON, OK (FHA|USDA|VA)||1||$45,000||$45,000||$0||4.75%|
We use machine learning to identify the top lenders compared against Southside Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 451
Similarity Rank: 624
Similarity Rank: 810
Similarity Rank: 864
Similarity Rank: 960
Similarity Rank: 1050
Similarity Rank: 1353
Similarity Rank: 1557
Similarity Rank: 1665
Similarity Rank: 1902
|Loan Type||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
For 2022, Southside Bank's most frequently originated type of loan was Conventional, with 466 originations. Their 2nd most popular type was FHA, with 8 originations.
For 2022, Southside Bank's most frequently cited loan purpose was Home Purchase, with 304 originations. The 2nd most popular reason was Cash Out Refi, with 76 originations.
For 2022, Southside Bank's most frequently cited loan duration was 30 Year, with 216 originations. The 2nd most popular length was 30+ year, with 102 originations.
Origination Fees/Closing Costs
|Origination Fee/Closing Cost||Originations||Total Value||Average Loan|
Southside Bank's average total fees were $6,101, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 156 originations.
During 2022, Southside Bank's average interest rate for loans was 5.09%, while their most frequently originated rate bucket for loans was 3-4%, with 139 originations.
2022 saw Southside Bank place emphasis on $200k-400k loans with 111 originations, totaling $30,065,000 in origination value.
Southside Bank lent most frequently to those with incomes in the $150k-250k range, with 93 originations. The second most popular income band? $250k+, with 91 originations.
Applicant Debt to Income Ratio
Southside Bank lent most frequently to those with DTI ratios of 30-36%, with 97 originations. The next most common DTI ratio? 20-30%, with 86 originations.
Approval RatesTotal approvals of all applications
Southside Bank has a below average approval rate.
Pick RateApprovals leading to origination
Southside Bank has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
|Points||Originations||Total Value||Average Loan|