Austin Capital Bank Ssb Mortgage Rates, Fees & Info

Austin, TX

LEI: 549300DRKDRXN7POBN12

Tax ID: 20-2602253

5 stars - Updated: 5/27/24 - out of 5 stars, based on 1 reviews

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

Mortgage Data

Review & Overview

Austin Capital Bank Ssb is a smaller bank specializing in Home Purchase loans. Austin Capital Bank Ssb has a high proportion of conventional loans. Their top (well, only) market is Grand Rapids.

Austin Capital Bank Ssb has an above average approval rate when compared to the average across all lenders. Austin Capital Bank Ssb is typically a low 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.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.99% 5/27/24
30 Year Conventional Refi 6.88% 5/27/24
30 Year Cash-out Refi 7.18% 5/27/24
30 Year FHA Purchase 7.78% 5/27/24
30 Year FHA Refi 7.40% 5/27/24
30 Year VA Purchase 6.43% 5/27/24
30 Year VA Refi 6.27% 5/27/24
30 Year USDA Purchase 7.14% 5/27/24
15 Year Conventional Purchase 6.50% 5/27/24
15 Year Conventional Refi 6.37% 5/27/24
15 Year Cash-out Refi 6.37% 5/27/24
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.

Austin Capital Bank Ssb Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Austin Capital Bank Ssb. 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.


Originations

2

Origination Dollar Volume (All Markets)

$90,000

Relative Rate

Austin Capital Bank Ssb's average 30 year fixed mortgage rate was 3%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of -3.48%.

Relative Fees (Closing Costs)

Austin Capital Bank Ssb's average total fees/closing costs for a 30 year fixed rate mortgage were $1,578.

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 $9,089.

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
GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 2 $90,000 $45,000 $1,578 3.00%
Austin Capital Bank Ssb's top markets include and Grand Rapids among others.

Their top states include:
  • Michigan (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against Austin Capital Bank SSB based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    First Savings Bank of Hegewisch
    Similarity Rank: 46
    United Bank of Michigan
    Similarity Rank: 98
    Adventure Credit Union
    Similarity Rank: 130
    Macatawa Bank
    Similarity Rank: 168
    MICHIGAN SCHOOLS AND GOVERNMENT
    Similarity Rank: 253
    AMOCO
    Similarity Rank: 258
    Liberty Bank for Savings
    Similarity Rank: 279
    ARBOR FINANCIAL CREDIT UNION
    Similarity Rank: 315
    CLARK COUNTY CREDIT UNION
    Similarity Rank: 330

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 2 $90,000 $45,000 $1,578 3.00%

    For 2023, Austin Capital Bank Ssb's most frequently originated type of loan was Conventional, with 2 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 2 $90,000 $45,000 $1,578 3.00%

    For 2023, Austin Capital Bank Ssb's most frequently cited loan purpose was Home Purchase, with 2 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 2 $90,000 $45,000 $1,578 3.00%

    For 2023, Austin Capital Bank Ssb's most frequently cited loan duration was 30 Year, with 2 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 1 $5,000 $5,000
    $1k-2k 1 $85,000 $85,000

    Austin Capital Bank Ssb's average total fees were $1,578, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    <2.5% 1 $5,000 $5,000
    5-6% 1 $85,000 $85,000

    During 2023, Austin Capital Bank Ssb's average interest rate for loans was 3.00%, while their most frequently originated rate bucket for loans was <2.5%, with 1 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 2 $90,000 $45,000 $1,578 3.00%

    2023 saw Austin Capital Bank Ssb place emphasis on $100,000 or less loans with 2 originations, totaling $90,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 2 $90,000 $45,000 $1,578 3.00%

    Austin Capital Bank Ssb lent most frequently to those with incomes in the $50k or less range, with 2 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    36% 1 $5,000 $5,000 $0 0.00%
    44% 1 $85,000 $85,000 $3,156 6.00%

    Austin Capital Bank Ssb lent most frequently to those with DTI ratios of 36%, with 1 originations. The next most common DTI ratio? 44%, with 1 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 2 $90,000 $45,000 $1,578 3.00%

    Approval Rates

    Total approvals of all applications
    100.00%

    Austin Capital Bank Ssb 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

    Points and Fees

    Points Originations Total Value Average Loan
    NA 2 $90,000 $45,000

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    2 $90,000 $45,000

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    80-100% 1 $85,000 $85,000 $3,156 6.00%
    Under 20% 1 $5,000 $5,000 $0 0.00%