The First National Bank Of Sonora Mortgage Rates, Fees & Info

Sonora, TX

LEI: 549300CUL44QXBGFJM68

Tax ID: 75-0568556

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Mortgage Data

Review & Overview

The First National Bank Of Sonora is a smaller bank specializing in Home Purchase loans. The First National Bank Of Sonora has a high proportion of conventional loans. Their top markets by origination volume include: San Antonio, Austin, San Angelo, Fredericksburg, and Ruidoso among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)

The First National Bank Of Sonora 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

126

Origination Dollar Volume (All Markets)

$44,090,000

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
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 49 $19,735,000 $402,755 $0 0.00%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 28 $10,470,000 $373,929 $0 0.00%
SAN ANGELO, TX (FHA|USDA|VA) 34 $7,600,000 $223,529 $0 0.00%
Outside of Metro Areas 10 $3,480,000 $348,000 $0 0.00%
Fredericksburg, TX (FHA|USDA|VA) 1 $1,195,000 $1,195,000 $0 0.00%
Ruidoso, NM (FHA|USDA|VA) 2 $720,000 $360,000 $0 0.00%
Rockport, TX (FHA|USDA|VA) 1 $505,000 $505,000 $0 0.00%
Kerrville, TX (FHA|USDA|VA) 1 $385,000 $385,000 $0 0.00%
The First National Bank Of Sonora's top markets include San Antonio, Austin, San Angelo, Fredericksburg, and Ruidoso among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 126 $44,090,000 $349,921 $0 0.00%

    For 2022, The First National Bank Of Sonora's most frequently originated type of loan was Conventional, with 126 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 78 $29,920,000 $383,590 $0 0.00%
    Refi 27 $7,005,000 $259,444 $0 0.00%
    Home Improvement 15 $3,695,000 $246,333 $0 0.00%
    Other 6 $3,470,000 $578,333 $0 0.00%

    For 2022, The First National Bank Of Sonora's most frequently cited loan purpose was Home Purchase, with 78 originations. The 2nd most popular reason was Refi, with 27 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 126 $44,090,000 $349,921 $0 0.00%

    For 2022, The First National Bank Of Sonora's most frequently cited loan duration was Other, with 126 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 39 $10,965,000 $281,154 $0 0.00%
    $100k-200k 37 $5,445,000 $147,162 $0 0.00%
    $100,000 or less 16 $1,220,000 $76,250 $0 0.00%
    $400k-600k 16 $7,700,000 $481,250 $0 0.00%
    $1MM+ 9 $12,505,000 $1,389,444 $0 0.00%
    $600k-1MM 9 $6,255,000 $695,000 $0 0.00%

    2022 saw The First National Bank Of Sonora place emphasis on $200k-400k loans with 39 originations, totaling $10,965,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 24 $16,010,000 $667,083 $0 0.00%
    $150k-250k 22 $7,130,000 $324,091 $0 0.00%
    $100k-150k 17 $3,975,000 $233,824 $0 0.00%
    $75k-100k 11 $2,185,000 $198,636 $0 0.00%
    $50k-75k 7 $1,345,000 $192,143 $0 0.00%
    $50k or less 5 $535,000 $107,000 $0 0.00%

    The First National Bank Of Sonora lent most frequently to those with incomes in the $250k+ range, with 24 originations. The second most popular income band? $150k-250k, with 22 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 126 $44,090,000 $349,921 $0 0.00%

    The First National Bank Of Sonora lent most frequently to those with DTI ratios of Exempt%, with 126 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 71 $26,745,000 $376,690 $0 0.00%
    Not applicable 38 $12,360,000 $325,263 $0 0.00%
    Not provided 16 $4,860,000 $303,750 $0 0.00%
    Black 1 $125,000 $125,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    97.33%

    The First National Bank Of Sonora has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    84.13%

    The First National Bank Of Sonora has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 126 $44,090,000 $349,921

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    126 $44,090,000 $349,921