Austin Capital Bank Ssb Mortgage Rates, Fees & Info
Austin, TXLEI: 549300DRKDRXN7POBN12
Tax ID: 20-2602253
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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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.
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Originations
2Origination Dollar Volume (All Markets)
$90,000Top 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% |
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.
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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 applications100.00%
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 originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 2 | $90,000 | $45,000 |