The First National Bank Of Mcgregor Mortgage Rates, Fees & Info
Mc Gregor, TXLEI: 549300EC7M6N4U9DR727
Tax ID: 74-0775779
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Mortgage Data
Review & Overview
The First National Bank Of Mcgregor is a smaller bank specializing in Home Purchase and Cash Out Refi loans. The First National Bank Of Mcgregor has a high proportion of conventional loans. Their top markets by origination volume include: Waco, Oklahoma City, Dallas, Austin, and Killeen among others. We have data for 14 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
190Origination Dollar Volume (All Markets)
$50,530,000Top 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) | 135 | $28,125,000 | $208,333 | $0 | 0.00% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 1 | $4,505,000 | $4,505,000 | $0 | 0.00% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 10 | $4,170,000 | $417,000 | $0 | 0.00% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 5 | $3,835,000 | $767,000 | $0 | 0.00% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 16 | $3,090,000 | $193,125 | $0 | 0.00% |
| Outside of Metro Areas | 9 | $1,815,000 | $201,667 | $0 | 0.00% |
| ODESSA, TX (FHA|USDA|VA) | 2 | $1,200,000 | $600,000 | $0 | 0.00% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 4 | $1,140,000 | $285,000 | $0 | 0.00% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $935,000 | $935,000 | $0 | 0.00% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 2 | $750,000 | $375,000 | $0 | 0.00% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 2 | $730,000 | $365,000 | $0 | 0.00% |
| EL PASO, TX (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
| Granbury, TX (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
| TYLER, TX (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 190 | $50,530,000 | $265,947 | $0 | 0.00% |
For 2022, The First National Bank Of Mcgregor's most frequently originated type of loan was Conventional, with 190 originations.
Loan Reason
For 2022, The First National Bank Of Mcgregor's most frequently cited loan purpose was Home Purchase, with 84 originations. The 2nd most popular reason was Cash Out Refi, with 82 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 190 | $50,530,000 | $265,947 | $0 | 0.00% |
For 2022, The First National Bank Of Mcgregor's most frequently cited loan duration was Other, with 190 originations.
Loan Sizing
2022 saw The First National Bank Of Mcgregor place emphasis on $100k-200k loans with 60 originations, totaling $8,970,000 in origination value.
Applicant Income
The First National Bank Of Mcgregor lent most frequently to those with incomes in the $150k-250k range, with 32 originations. The second most popular income band? $250k+, with 25 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 190 | $50,530,000 | $265,947 | $0 | 0.00% |
The First National Bank Of Mcgregor lent most frequently to those with DTI ratios of Exempt%, with 190 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.09%
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 origination92.11%
The First National Bank Of Mcgregor has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 190 | $50,530,000 | $265,947 |