Extraco Banks Mortgage Rates, Fees & Info
Temple, TXLEI: 549300F7S6KEMTKK0546
Tax ID: 74-0935612
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Mortgage Data
Review & Overview
Extraco Banks is a smaller bank specializing in Home Purchase loans. Extraco Banks has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Killeen, College Station, Waco, Austin, and Corpus Christi among others. We have data for 28 markets. (Some data included below & more in-depth data is available with an active subscription.)Extraco Banks 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. Extraco Banks 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 relatively high 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 | 6.63% | 12/6/24 |
30 Year Conventional Refi | 6.94% | 12/6/24 |
30 Year Cash-out Refi | 7.22% | 12/6/24 |
30 Year FHA Purchase | 7.46% | 12/6/24 |
30 Year VA Purchase | 6.36% | 12/6/24 |
15 Year Conventional Purchase | 6.21% | 12/6/24 |
15 Year Conventional Refi | 6.29% | 12/6/24 |
15 Year Cash-out Refi | 6.29% | 12/6/24 |
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. |
Extraco Banks Mortgage Calculator
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Extraco Banks. 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
362Origination Dollar Volume (All Markets)
$131,520,000Extraco Banks - 2023
Extraco Banks is a 2023 , due to their low .
For 2023, less than of lenders were eligible for this award.
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Relative Rate
Extraco Banks's average 30 year fixed mortgage rate was
6.49%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 0.01%.
Relative Fees (Closing Costs)
Extraco Banks's average total fees/closing costs for a 30 year fixed rate
mortgage were $6,386.
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 |
---|---|---|---|---|---|
KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 125 | $39,065,000 | $312,520 | $5,324 | 6.70% |
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 83 | $31,165,000 | $375,482 | $6,099 | 6.50% |
WACO, TX (FHA|USDA|VA) | 49 | $17,965,000 | $366,633 | $5,700 | 6.34% |
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 14 | $8,330,000 | $595,000 | $7,481 | 6.31% |
CORPUS CHRISTI, TX (FHA|USDA|VA) | 26 | $7,370,000 | $283,462 | $6,986 | 6.91% |
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 17 | $5,265,000 | $309,706 | $5,441 | 6.36% |
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 10 | $4,800,000 | $480,000 | $6,700 | 6.58% |
Outside of Metro Areas | 11 | $3,505,000 | $318,636 | $6,401 | 6.57% |
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $2,465,000 | $2,465,000 | $0 | 7.25% |
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 5 | $2,315,000 | $463,000 | $11,948 | 6.05% |
Athens, TX (FHA|USDA|VA) | 2 | $1,520,000 | $760,000 | $7,396 | 7.31% |
LONGVIEW, TX (FHA|USDA|VA) | 2 | $1,360,000 | $680,000 | $6,459 | 5.81% |
ABILENE, TX (FHA|USDA|VA) | 2 | $930,000 | $465,000 | $5,831 | 6.38% |
ALBUQUERQUE, NM (FHA|USDA|VA) | 1 | $605,000 | $605,000 | $0 | 0.00% |
Jacksonville, TX (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $15,538 | 5.88% |
LUBBOCK, TX (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $5,965 | 6.00% |
TYLER, TX (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $9,777 | 6.25% |
WICHITA FALLS, TX (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $5,428 | 6.88% |
VICTORIA, TX (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $5,575 | 6.38% |
Rockport, TX (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $0 | 6.50% |
BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $3,043 | 7.63% |
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $15,597 | 6.13% |
FAYETTEVILLE, NC (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $13,368 | 7.38% |
SANTA FE, NM (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $4,275 | 6.00% |
Fredericksburg, TX (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $4,500 | 6.75% |
Kingsville, TX (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $5,196 | 6.63% |
SAN ANGELO, TX (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,449 | 6.88% |
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,407 | 7.13% |
Similar Lenders
We use machine learning to identify the top lenders compared against Extraco Banks based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 86
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Product Mix
Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
---|---|---|---|---|---|
Conventional | 337 | $123,165,000 | $365,475 | $5,412 | 6.55% |
VA | 18 | $6,870,000 | $381,667 | $14,410 | 6.46% |
FHA | 7 | $1,485,000 | $212,143 | $9,200 | 6.57% |
For 2023, Extraco Banks's most frequently originated type of loan was Conventional, with 337 originations. Their 2nd most popular type was VA, with 18 originations.
Loan Reason
For 2023, Extraco Banks's most frequently cited loan purpose was Home Purchase, with 286 originations. The 2nd most popular reason was Refi, with 43 originations.
Loan Duration/Length
For 2023, Extraco Banks's most frequently cited loan duration was 30 Year, with 266 originations. The 2nd most popular length was 15 Year, with 39 originations.
Origination Fees/Closing Costs
Extraco Banks's average total fees were $6,386, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 244 originations.
Interest Rates
During 2023, Extraco Banks's average interest rate for loans was 6.49%, while their most frequently originated rate bucket for loans was 6-7%, with 197 originations.
Loan Sizing
2023 saw Extraco Banks place emphasis on $200k-400k loans with 133 originations, totaling $39,015,000 in origination value.
Applicant Income
Extraco Banks lent most frequently to those with incomes in the $250k+ range, with 91 originations. The second most popular income band? $150k-250k, with 79 originations.
Applicant Debt to Income Ratio
Extraco Banks lent most frequently to those with DTI ratios of 30-36%, with 63 originations. The next most common DTI ratio? 20-30%, with 51 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications92.92%
Extraco Banks has an average approval rate.
Pick Rate
Approvals leading to origination85.91%
Extraco Banks has an average pick rate.
Points and Fees
Points | Originations | Total Value | Average Loan |
---|---|---|---|
NA | 362 | $131,520,000 | $363,315 |