Extraco Banks Mortgage Rates, Fees & Info

Temple, TX

LEI: 549300F7S6KEMTKK0546

Tax ID: 74-0935612

5 stars - Updated: 4/5/25 - out of 5 stars, based on 19 reviews

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Extraco Banks is a smaller bank specializing in Home Purchase loans. Extraco Banks has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Killeen, College Station, Corpus Christi, Waco, and Austin among others. We have data for 21 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Extraco Banks has an 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 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.

    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.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.76% 4/5/25
    30 Year Conventional Refi 6.94% 4/5/25
    30 Year Cash-out Refi 7.17% 4/5/25
    30 Year FHA Purchase 6.96% 4/5/25
    30 Year FHA Refi 6.72% 4/5/25
    30 Year VA Purchase 6.46% 4/5/25
    30 Year VA Refi 5.97% 4/5/25
    15 Year Conventional Purchase 6.43% 4/5/25
    15 Year Conventional Refi 6.87% 4/5/25
    15 Year Cash-out Refi 6.87% 4/5/25
    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

    376

    Origination Dollar Volume (All Markets)

    $139,980,000

    Awards

    Extraco Banks 30 Year Conventional Loans silver Extraco Banks FHA Loans bronze
    Show all (2) awards

    Relative Rate

    Extraco Banks's average 30 year fixed mortgage rate was 6.68%.

    The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.

    This yields a difference of 0.13%.

    Relative Fees (Closing Costs)

    Extraco Banks's average total fees/closing costs for a 30 year fixed rate mortgage were $6,651.

    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 $8,356.

    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) 153 $47,585,000 $311,013 $6,103 6.91%
    COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 73 $31,155,000 $426,781 $5,526 6.79%
    CORPUS CHRISTI, TX (FHA|USDA|VA) 40 $14,660,000 $366,500 $8,271 6.56%
    WACO, TX (FHA|USDA|VA) 35 $12,375,000 $353,571 $5,599 6.92%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 19 $10,545,000 $555,000 $6,576 6.66%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 12 $7,700,000 $641,667 $9,172 6.88%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 10 $5,140,000 $514,000 $6,856 6.56%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 8 $2,850,000 $356,250 $8,702 6.56%
    Outside of Metro Areas 10 $2,680,000 $268,000 $5,048 6.71%
    MIDLAND, TX (FHA|USDA|VA) 2 $1,010,000 $505,000 $9,003 6.75%
    Athens, TX (FHA|USDA|VA) 2 $940,000 $470,000 $3,204 6.56%
    VICTORIA, TX (FHA|USDA|VA) 1 $665,000 $665,000 $6,650 6.00%
    LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 1 $495,000 $495,000 $7,811 7.13%
    Alice, TX (FHA|USDA|VA) 3 $475,000 $158,333 $4,029 6.96%
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 1 $335,000 $335,000 $13,905 6.50%
    Sulphur Springs, TX (FHA|USDA|VA) 1 $325,000 $325,000 $13,000 6.63%
    EL PASO, TX (FHA|USDA|VA) 1 $245,000 $245,000 $4,321 7.38%
    Russellville, AR (FHA|USDA|VA) 1 $215,000 $215,000 $7,587 6.50%
    LUBBOCK, TX (FHA|USDA|VA) 1 $215,000 $215,000 $4,220 6.75%
    DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 1 $215,000 $215,000 $9,233 6.00%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 1 $155,000 $155,000 $6,013 6.13%
    Extraco Banks's top markets include Killeen, College Station, Corpus Christi, Waco, and Austin among others.

    Their top states include:
  • Texas (FHA|USDA|VA)
  • Nevada (FHA|USDA|VA)
  • South Carolina (FHA|USDA|VA)
  • Iowa (FHA|USDA|VA)
  • Arkansas (FHA|USDA|VA)

    • 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.

    DSLD MORTGAGE, LLC
    Similarity Rank: 105
    GSB MORTGAGE, INC.
    Similarity Rank: 133
    HOMEAMERICAN MORTGAGE CORPORATION
    Similarity Rank: 144
    TEXELL Credit Union
    Similarity Rank: 154
    GULF COAST
    Similarity Rank: 160
    AMOCO
    Similarity Rank: 180
    SCHLUMBERGER EMPLOYEES CREDIT UNION
    Similarity Rank: 275
    SOUTHERN LENDING SERVICES, LTD.
    Similarity Rank: 276
    SMART CHOICE MORTGAGE, A TEXAS LIMITED LIABILITY C
    Similarity Rank: 327
    SMART FINANCIAL CREDIT UNION
    Similarity Rank: 405

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 308 $117,450,000 $381,331 $5,658 6.94%
    VA 43 $15,305,000 $355,930 $8,868 6.19%
    FHA 25 $7,225,000 $289,000 $10,684 6.17%

    For 2024, Extraco Banks's most frequently originated type of loan was Conventional, with 308 originations. Their 2nd most popular type was VA, with 43 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 305 $125,795,000 $412,443 $6,802 6.70%
    Refi 36 $9,090,000 $252,500 $4,852 7.08%
    Other 20 $2,080,000 $104,000 $3,625 7.49%
    Cash Out Refi 12 $2,680,000 $223,333 $5,647 7.02%
    Home Improvement 3 $335,000 $111,667 $3,702 7.92%

    For 2024, Extraco Banks's most frequently cited loan purpose was Home Purchase, with 305 originations. The 2nd most popular reason was Refi, with 36 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 317 $129,565,000 $408,722 $6,651 6.68%
    15 Year 30 $4,620,000 $154,000 $4,232 7.24%
    5 Year 15 $3,065,000 $204,333 $0 7.62%
    10 Year 11 $2,245,000 $204,091 $4,393 7.57%
    1 Year 3 $485,000 $161,667 $0 8.50%

    For 2024, Extraco Banks's most frequently cited loan duration was 30 Year, with 317 originations. The 2nd most popular length was 15 Year, with 30 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 274 $108,230,000 $395,000
    $2k-3k 21 $6,235,000 $296,905
    $3k-4k 18 $5,990,000 $332,778
    $5k+ 15 $7,315,000 $487,667
    $4k-5k 8 $2,720,000 $340,000
    $<1k 5 $2,055,000 $411,000

    Extraco Banks's average total fees were $6,651, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 274 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 217 $91,755,000 $422,834
    7-8% 109 $31,475,000 $288,761
    5-6% 40 $15,450,000 $386,250
    Over 8% 10 $1,300,000 $130,000

    During 2024, Extraco Banks's average interest rate for loans was 6.68%, while their most frequently originated rate bucket for loans was 6-7%, with 217 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 170 $49,590,000 $291,706 $6,370 6.73%
    $400k-600k 66 $31,860,000 $482,727 $7,708 6.56%
    $100k-200k 59 $8,885,000 $150,593 $5,053 7.01%
    $600k-1MM 38 $28,750,000 $756,579 $7,442 6.68%
    $100,000 or less 29 $2,005,000 $69,138 $3,452 7.58%
    $1MM+ 14 $18,890,000 $1,349,286 $7,594 6.62%

    2024 saw Extraco Banks place emphasis on $200k-400k loans with 170 originations, totaling $49,590,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 93 $61,035,000 $656,290 $7,259 6.76%
    $150k-250k 86 $31,310,000 $364,070 $6,444 6.80%
    $100k-150k 74 $20,880,000 $282,162 $6,579 6.75%
    $50k-75k 43 $7,565,000 $175,930 $5,086 6.78%
    $75k-100k 43 $10,695,000 $248,721 $6,522 6.48%
    $50k or less 8 $1,170,000 $146,250 $4,638 7.48%

    Extraco Banks lent most frequently to those with incomes in the $250k+ range, with 93 originations. The second most popular income band? $150k-250k, with 86 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 61 $24,325,000 $398,770 $5,854 6.85%
    20-30% 59 $22,995,000 $389,746 $6,481 6.69%
    <20% 26 $12,380,000 $476,154 $5,689 6.70%
    42% 19 $7,175,000 $377,632 $6,665 6.72%
    40% 19 $7,045,000 $370,789 $6,374 6.83%
    43% 17 $4,965,000 $292,059 $6,062 6.52%
    44% 17 $5,675,000 $333,824 $6,565 6.84%
    50-60% 16 $4,690,000 $293,125 $9,730 6.16%
    37% 15 $4,425,000 $295,000 $4,600 6.93%
    36% 15 $6,025,000 $401,667 $7,029 6.68%
    45% 14 $4,160,000 $297,143 $6,828 6.73%
    38% 14 $5,700,000 $407,143 $6,026 6.78%
    46% 11 $5,585,000 $507,727 $6,150 6.77%
    39% 10 $5,780,000 $578,000 $6,152 6.79%
    41% 10 $3,120,000 $312,000 $5,851 6.89%
    48% 8 $2,870,000 $358,750 $6,103 6.61%
    47% 8 $2,190,000 $273,750 $7,004 6.81%
    49% 5 $2,995,000 $599,000 $9,046 6.55%
    >60% 4 $2,300,000 $575,000 $9,389 6.59%

    Extraco Banks lent most frequently to those with DTI ratios of 30-36%, with 61 originations. The next most common DTI ratio? 20-30%, with 59 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 279 $104,315,000 $373,889 $6,300 6.75%
    Not provided 26 $11,760,000 $452,308 $8,051 6.44%
    Black 27 $10,745,000 $397,963 $6,697 6.97%
    Asian 14 $6,940,000 $495,714 $6,846 6.71%
    Not applicable 22 $4,470,000 $203,182 $0 7.68%
    American Indian 7 $1,505,000 $215,000 $3,559 6.89%
    Asian Indian 1 $245,000 $245,000 $4,325 6.50%

    Approval Rates

    Total approvals of all applications
    89.29%

    Extraco Banks has an average approval rate.

    Pick Rate

    Approvals leading to origination
    76.33%

    Extraco Banks has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 376 $139,980,000 $372,287

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    376 $139,980,000 $372,287

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 28 $3,870,000 $138,214 $3,985 7.45%
    40-60% 40 $12,820,000 $320,500 $5,590 6.86%
    60-80% 73 $28,925,000 $396,233 $5,498 6.84%
    80-100% 209 $89,395,000 $427,727 $6,793 6.67%
    Over 100% 11 $3,585,000 $325,909 $15,013 6.29%
    Under 20% 15 $1,385,000 $92,333 $3,590 7.43%