Austin Capital Bank Ssb Mortgage Rates, Fees & Info

Austin, TX

LEI: 549300DRKDRXN7POBN12

Tax ID: 20-2602253

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Mortgage Data

Bank 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. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Austin, Memphis, San Antonio, Colorado Springs, and Tampa among others. We have data for 47 markets. (Some data included below & more in-depth data is available with an active subscription.)

Austin Capital Bank Ssb 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. Austin Capital Bank Ssb 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.

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SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.99% 3/28/24
30 Year Conventional Refi 6.88% 3/28/24
30 Year Cash-out Refi 7.18% 3/28/24
30 Year FHA Purchase 7.78% 3/28/24
30 Year FHA Refi 7.40% 3/28/24
30 Year VA Purchase 6.43% 3/28/24
30 Year VA Refi 6.27% 3/28/24
30 Year USDA Purchase 7.14% 3/28/24
15 Year Conventional Purchase 6.50% 3/28/24
15 Year Conventional Refi 6.37% 3/28/24
15 Year Cash-out Refi 6.37% 3/28/24
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

433

Origination Dollar Volume (All Markets)

$101,205,000

Employee count

97

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
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 134 $35,440,000 $264,478 $6,074 4.88%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 86 $18,790,000 $218,488 $6,261 5.04%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 38 $8,910,000 $234,474 $7,465 4.99%
COLORADO SPRINGS, CO (FHA|USDA|VA) 17 $4,025,000 $236,765 $6,275 5.01%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 16 $3,740,000 $233,750 $6,915 5.09%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 18 $3,480,000 $193,333 $7,086 5.20%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 20 $2,850,000 $142,500 $5,569 5.23%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 7 $2,655,000 $379,286 $7,852 4.66%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 8 $2,410,000 $301,250 $7,915 4.89%
GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 14 $1,990,000 $142,143 $5,681 5.03%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 4 $1,970,000 $492,500 $10,557 4.56%
Outside of Metro Areas 14 $1,920,000 $137,143 $5,541 5.07%
JACKSONVILLE, FL (FHA|USDA|VA) 5 $1,245,000 $249,000 $6,001 4.75%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 3 $1,235,000 $411,667 $11,871 5.00%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 3 $1,115,000 $371,667 $8,745 5.21%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 3 $1,085,000 $361,667 $5,486 5.13%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 5 $595,000 $119,000 $4,581 5.81%
Holland, MI (FHA|USDA|VA) 4 $570,000 $142,500 $6,701 5.34%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 1 $555,000 $555,000 $5,600 4.88%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 1 $435,000 $435,000 $15,068 5.75%
PITTSBURGH, PA (FHA|USDA|VA) 3 $395,000 $131,667 $4,210 5.19%
COLUMBUS, GA-AL (FHA|USDA|VA) 1 $385,000 $385,000 $3,843 5.13%
BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 2 $350,000 $175,000 $4,338 5.31%
KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) 2 $340,000 $170,000 $3,324 5.19%
Sevierville, TN (FHA|USDA|VA) 1 $325,000 $325,000 $2,748 4.75%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 1 $305,000 $305,000 $2,498 4.75%
Rockport, TX (FHA|USDA|VA) 1 $275,000 $275,000 $3,713 5.13%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $265,000 $265,000 $6,619 5.38%
Kerrville, TX (FHA|USDA|VA) 1 $255,000 $255,000 $7,185 4.01%
FAYETTEVILLE, NC (FHA|USDA|VA) 1 $255,000 $255,000 $14,446 4.50%
PUEBLO, CO (FHA|USDA|VA) 1 $235,000 $235,000 $3,426 5.50%
MOBILE, AL (FHA|USDA|VA) 1 $225,000 $225,000 $6,406 4.50%
JACKSON, MS (FHA|USDA|VA) 1 $225,000 $225,000 $7,637 5.13%
JACKSON, TN (FHA|USDA|VA) 2 $220,000 $110,000 $5,898 5.19%
Centralia, WA (FHA|USDA|VA) 1 $215,000 $215,000 $5,166 4.75%
WAUSAU-WESTON, WI (FHA|USDA|VA) 1 $215,000 $215,000 $6,857 5.63%
LAKE CHARLES, LA (FHA|USDA|VA) 1 $215,000 $215,000 $5,641 5.00%
Columbus, MS (FHA|USDA|VA) 1 $205,000 $205,000 $3,921 5.25%
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 1 $195,000 $195,000 $4,050 5.50%
Tupelo, MS (FHA|USDA|VA) 1 $195,000 $195,000 $4,060 5.00%
WACO, TX (FHA|USDA|VA) 1 $175,000 $175,000 $3,801 4.75%
NILES, MI (FHA|USDA|VA) 1 $165,000 $165,000 $7,072 5.75%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 1 $135,000 $135,000 $4,593 4.88%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 1 $135,000 $135,000 $6,155 4.13%
LONGVIEW, TX (FHA|USDA|VA) 1 $125,000 $125,000 $4,406 5.50%
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 1 $105,000 $105,000 $4,976 5.25%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 1 $55,000 $55,000 $4,310 5.13%
Austin Capital Bank Ssb's top markets include Austin, Memphis, San Antonio, Colorado Springs, and Tampa among others.

Their top states include:
  • Texas (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)
  • California (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Colorado (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.

    UNITED
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 266 $65,590,000 $246,579 $5,240 5.01%
    FHA 108 $20,000,000 $185,185 $7,778 5.07%
    VA 58 $15,470,000 $266,724 $8,733 4.87%
    USDA 1 $145,000 $145,000 $4,930 4.88%

    For 2018, Austin Capital Bank Ssb's most frequently originated type of loan was Conventional, with 266 originations. Their 2nd most popular type was FHA, with 108 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 403 $92,865,000 $230,434 $6,354 5.00%
    Cash Out Refi 18 $4,910,000 $272,778 $6,947 5.08%
    Refi 12 $3,430,000 $285,833 $5,495 5.09%

    For 2018, Austin Capital Bank Ssb's most frequently cited loan purpose was Home Purchase, with 403 originations. The 2nd most popular reason was Cash Out Refi, with 18 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 413 $96,065,000 $232,603 $6,361 4.99%
    15 Year 6 $1,120,000 $186,667 $6,299 4.52%
    Other 6 $1,580,000 $263,333 $0 5.88%
    1 Year 4 $1,370,000 $342,500 $0 5.55%
    20 Year 4 $1,070,000 $267,500 $6,632 4.78%

    For 2018, Austin Capital Bank Ssb's most frequently cited loan duration was 30 Year, with 413 originations. The 2nd most popular length was 15 Year, with 6 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 232 $52,640,000 $226,897
    $2k-3k 63 $14,605,000 $231,825
    $<1k 45 $9,735,000 $216,333
    $3k-4k 40 $8,960,000 $224,000
    $5k+ 25 $8,005,000 $320,200
    $4k-5k 16 $3,930,000 $245,625

    Austin Capital Bank Ssb's average total fees were $6,361, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 232 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 255 $63,395,000 $248,608
    5-6% 170 $36,220,000 $213,059
    3-4% 4 $1,180,000 $295,000
    6-7% 4 $410,000 $102,500

    During 2018, Austin Capital Bank Ssb's average interest rate for loans was 4.99%, while their most frequently originated rate bucket for loans was 4-5%, with 255 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 198 $54,660,000 $276,061 $6,818 4.89%
    $100k-200k 180 $28,390,000 $157,722 $5,477 5.10%
    $400k-600k 31 $14,015,000 $452,097 $9,645 4.88%
    $100,000 or less 21 $1,785,000 $85,000 $4,153 5.39%
    $600k-1MM 3 $2,355,000 $785,000 $15,508 5.08%

    2018 saw Austin Capital Bank Ssb place emphasis on $200k-400k loans with 198 originations, totaling $54,660,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 139 $28,255,000 $203,273 $6,279 4.97%
    $75k-100k 81 $19,965,000 $246,481 $7,050 4.93%
    $100k-150k 76 $20,900,000 $275,000 $6,295 5.03%
    $50k or less 66 $9,720,000 $147,273 $5,797 5.01%
    $150k-250k 49 $16,105,000 $328,673 $6,504 4.96%
    $250k+ 14 $4,050,000 $289,286 $5,599 5.23%

    Austin Capital Bank Ssb lent most frequently to those with incomes in the $50k-75k range, with 139 originations. The second most popular income band? $75k-100k, with 81 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 58 $13,280,000 $228,966 $5,174 4.94%
    30-36% 53 $13,095,000 $247,075 $6,258 4.95%
    50-60% 44 $9,510,000 $216,136 $8,340 4.98%
    49% 26 $5,610,000 $215,769 $6,279 5.09%
    40% 24 $5,420,000 $225,833 $6,841 4.93%
    44% 24 $6,120,000 $255,000 $5,503 5.08%
    41% 23 $4,435,000 $192,826 $5,539 4.96%
    39% 22 $4,910,000 $223,182 $5,642 4.91%
    43% 20 $4,180,000 $209,000 $5,488 4.94%
    45% 20 $4,970,000 $248,500 $7,513 5.01%
    46% 18 $4,150,000 $230,556 $6,485 4.88%
    42% 17 $4,405,000 $259,118 $7,177 4.95%
    47% 17 $3,945,000 $232,059 $5,757 4.90%
    38% 15 $3,475,000 $231,667 $6,081 5.11%
    37% 15 $4,275,000 $285,000 $6,265 5.06%
    48% 14 $3,880,000 $277,143 $8,751 5.25%
    <20% 7 $1,345,000 $192,143 $5,090 4.88%
    36% 5 $1,125,000 $225,000 $7,271 5.15%

    Austin Capital Bank Ssb lent most frequently to those with DTI ratios of 20-30%, with 58 originations. The next most common DTI ratio? 30-36%, with 53 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 309 $73,035,000 $236,359 $6,237 4.97%
    Not provided 66 $13,960,000 $211,515 $6,419 5.02%
    Black 29 $6,815,000 $235,000 $7,658 5.14%
    Asian 16 $4,120,000 $257,500 $6,263 4.89%
    Not applicable 8 $2,210,000 $276,250 $0 5.76%
    American Indian 3 $755,000 $251,667 $6,079 5.29%
    Native Hawaiian or Islander 1 $185,000 $185,000 $7,660 4.50%
    Korean 1 $125,000 $125,000 $0 6.25%

    Approval Rates

    Total approvals of all applications
    94.44%

    Austin Capital Bank Ssb has an average approval rate.

    Pick Rate

    Approvals leading to origination
    43.88%

    Austin Capital Bank Ssb 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
    NA 433 $101,205,000 $233,730

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 1 $855,000 $855,000
    Single Family (1-4 Units):Site-Built 432 $100,350,000 $232,292

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 4 $800,000 $200,000 $4,429 4.97%
    40-60% 21 $4,725,000 $225,000 $4,902 5.00%
    60-80% 98 $22,670,000 $231,327 $5,468 5.07%
    80-100% 297 $69,825,000 $235,101 $6,497 4.99%
    Over 100% 13 $3,185,000 $245,000 $12,138 4.77%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    Academy Mortgage Corporation Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 3 37.5%
    Academy Mortgage Corporation Conventional home mortgage Closing on a mortgage 1 12.5%
    Academy Mortgage Corporation Conventional home mortgage Struggling to pay mortgage 1 12.5%
    Academy Mortgage Corporation FHA mortgage Closing on a mortgage 1 12.5%
    Academy Mortgage Corporation FHA mortgage Trouble during payment process 1 12.5%
    Academy Mortgage Corporation Other type of mortgage Trouble during payment process 1 12.5%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Austin Capital Bank SSB 8100 Shoal Creek Blvd. Austin, TX 78757 Full Service B&M $78,289

    For 2018, Austin Capital Bank Ssb had 1 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $5,429
    Net interest income $4,300
    Total noninterest income $5,788
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $119
    Trading account gains and fees $0
    Additional Noninterest Income $5,669
    Pre-tax net operating income $741
    Securities gains (or losses, -) $0
    Income before extraordinary items $409
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $409
    Minority interest net income $0
    Net income $409
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $409

    Austin Capital Bank Ssb's gross interest income from loans was $5,429,000.
    Austin Capital Bank Ssb's net interest income from loans was $4,300,000.
    Austin Capital Bank Ssb's fee based income from loans was $119,000.
    Austin Capital Bank Ssb's net income from loans was $409,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,129
    Provision for credit losses $0
    Total noninterest expense $9,347
    Salaries and employee benefits $5,942
    Premises and equipment expense $521
    Additional noninterest expense $2,884
    Applicable income taxes $332
    Net charge-offs $0
    Cash dividends $0

    Austin Capital Bank Ssb's interest expense for loans was $1,129,000.
    Austin Capital Bank Ssb's payroll and benefits expense were $5,942,000.
    Austin Capital Bank Ssb's property, plant and equipment expenses $521,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 0.0%
    Real Estate loans 0.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 0.0%
    HELOC loans 0.0%
    All other family 0.0%
    Commercial & industrial loans 0.0%
    Personal loans 0.0%
    Credit card loans 0.0%
    Other individual loans 0.0%
    Auto loans 0.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $70,394
    Deposits held in domestic offices $70,394
    Deposits by Individuals, partnerships, and corporations $53,396
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $14,514
    Deposits by Commercial banks and other depository institutions in U.S. $2,484
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $9,137
    Demand deposits $7,830
    Nontransaction accounts $61,257
    Money market deposit accounts (MMDAs) $33,134
    Other savings deposits (excluding MMDAs) $16
    Total time deposits $28,107
    Total time and savings deposits $62,564
    Noninterest-bearing deposits $7,829
    Interest-bearing deposits $62,565
    Retail deposits $65,686
    IRAs and Keogh plan accounts $0
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $105,746
    Cash & Balances due from depository institutions $16,513
    Interest-bearing balances $13,419
    Total securities $2,128
    Federal funds sold & reverse repurchase $0
    Net loans and leases $81,166
    Loan and leases loss allowance $837
    Trading account assets $0
    Bank premises and fixed assets $3,696
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $2,243

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $105,746
    Total Liabilities $92,870
    Total deposits $70,394
    Interest-bearing deposits $62,565
    Deposits held in domestic offices $70,394
    % insured (estimated) $84
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $21,398
    Subordinated debt $0
    All other liabilities $1,078

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $81,166
    Loan and leases loss allowance $837
    Total loans and leases (domestic) $82,003
    All real estate loans $78,441
    Real estate loans in domestic offices $78,441
    Construction and development loans $3,517
    Residential 1-4 family construction $3,066
    Other construction, all land development and other land $451
    Loans secured by nonfarm nonresidential properties $20,837
    Nonfarm nonresidential secured by owner-occupied properties $5,630
    Commercial real estate & other non-farm, non-residential $15,207
    Multifamily residential real estate $796
    1-4 family residential loans $52,852
    Farmland loans $439
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $3,653
    To non-U.S. addressees $0
    Loans to individuals $16
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $0
    Other loans to individuals $16
    All other loans & leases $0
    Loans to foreign governments and official institutions $0
    Other loans $0
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $0
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $0
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Austin Capital Bank SSB had $81,166,000 of loans outstanding in 2018. $78,441,000 of loans were in real estate loans. $3,517,000 of loans were in development loans. $796,000 of loans were in multifamily mortgage loans. $52,852,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $0 of loans were in the auto loan category.

    Small Business Loans

    Categorization # of Loans in Category $ amount of loans (in 000's) Average $/loan
    Nonfarm, nonresidential loans - <$1MM 21 $9,444 $449,714
    Nonfarm, nonresidential loans - $100-250k 1 $216 $216,000
    Nonfarm, nonresidential loans - $250k-1MM 20 $9,228 $461,400
    Commercial & Industrial, US addressed loans - <$1MM 11 $2,311 $210,091
    Commercial & Industrial, US addressed loans - <$100k 1 $15 $15,000
    Commercial & Industrial, US addressed loans - $100-250k 4 $466 $116,500
    Commercial & Industrial, US addressed loans - $250k-1MM 6 $1,830 $305,000