The First National Bank Of Mcgregor Mortgage Rates, Fees & Info
Mc Gregor, TXLEI: 549300EC7M6N4U9DR727
Tax ID: 74-0775779
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
The First National Bank Of Mcgregor is a smaller bank specializing in Cash Out Refi and Home Purchase loans. The First National Bank Of Mcgregor has a high proportion of conventional loans. Their top markets by origination volume include: Waco, Dallas, Austin, Killeen, and Houston among others. We have data for 12 markets. (Some data included below & more in-depth data is available with an active subscription.)The First National Bank Of Mcgregor has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.
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Originations
122Origination Dollar Volume (All Markets)
$29,760,000Top 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 |
|---|---|---|---|---|---|
| WACO, TX (FHA|USDA|VA) | 93 | $18,885,000 | $203,065 | $0 | 0.00% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 7 | $2,445,000 | $349,286 | $0 | 0.00% |
| Outside of Metro Areas | 3 | $1,665,000 | $555,000 | $0 | 0.00% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 3 | $1,595,000 | $531,667 | $0 | 0.00% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 9 | $1,505,000 | $167,222 | $0 | 0.00% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 1 | $985,000 | $985,000 | $0 | 0.00% |
| Stephenville, TX (FHA|USDA|VA) | 1 | $765,000 | $765,000 | $0 | 0.00% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 1 | $705,000 | $705,000 | $0 | 0.00% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 1 | $685,000 | $685,000 | $0 | 0.00% |
| Port Lavaca, TX (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 0.00% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
| ABILENE, TX (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 122 | $29,760,000 | $243,934 | $0 | 0.00% |
For 2024, The First National Bank Of Mcgregor's most frequently originated type of loan was Conventional, with 122 originations.
Loan Reason
For 2024, The First National Bank Of Mcgregor's most frequently cited loan purpose was Cash Out Refi, with 65 originations. The 2nd most popular reason was Home Purchase, with 40 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 122 | $29,760,000 | $243,934 | $0 | 0.00% |
For 2024, The First National Bank Of Mcgregor's most frequently cited loan duration was Other, with 122 originations.
Loan Sizing
2024 saw The First National Bank Of Mcgregor place emphasis on $100k-200k loans with 36 originations, totaling $5,180,000 in origination value.
Applicant Income
The First National Bank Of Mcgregor lent most frequently to those with incomes in the $250k+ range, with 24 originations. The second most popular income band? $100k-150k, with 22 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 122 | $29,760,000 | $243,934 | $0 | 0.00% |
The First National Bank Of Mcgregor lent most frequently to those with DTI ratios of Exempt%, with 122 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.56%
The First National Bank Of Mcgregor has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination94.26%
The First National Bank Of Mcgregor has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 122 | $29,760,000 | $243,934 |