Extraco Banks Mortgage Rates, Fees & Info

Temple, TX

LEI: 549300F7S6KEMTKK0546

Tax ID: 74-0935612

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

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • 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 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, Dallas, and Houston among others. We have data for 24 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 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 6.63% 12/16/24
    30 Year Conventional Refi 6.94% 12/16/24
    30 Year Cash-out Refi 7.22% 12/16/24
    30 Year FHA Purchase 7.46% 12/16/24
    30 Year VA Purchase 6.36% 12/16/24
    15 Year Conventional Purchase 6.21% 12/16/24
    15 Year Conventional Refi 6.29% 12/16/24
    15 Year Cash-out Refi 6.29% 12/16/24
    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

    453

    Origination Dollar Volume (All Markets)

    $158,845,000
    Show all (7) awards

    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) 178 $57,310,000 $321,966 $5,488 4.61%
    COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 108 $35,170,000 $325,648 $5,562 4.87%
    WACO, TX (FHA|USDA|VA) 63 $17,905,000 $284,206 $4,906 4.78%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 13 $16,715,000 $1,285,769 $6,793 4.83%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 15 $6,755,000 $450,333 $6,105 4.67%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 13 $5,955,000 $458,077 $5,260 4.84%
    CORPUS CHRISTI, TX (FHA|USDA|VA) 23 $5,805,000 $252,391 $5,626 4.83%
    Outside of Metro Areas 17 $3,645,000 $214,412 $4,878 4.65%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 6 $2,730,000 $455,000 $8,587 4.28%
    SAN ANGELO, TX (FHA|USDA|VA) 2 $1,010,000 $505,000 $5,370 3.56%
    VALLEJO, CA (FHA|USDA|VA) 1 $935,000 $935,000 $62,065 5.00%
    MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 2 $810,000 $405,000 $5,449 4.25%
    GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 1 $645,000 $645,000 $16,787 4.38%
    ABILENE, TX (FHA|USDA|VA) 1 $615,000 $615,000 $6,229 5.63%
    BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 1 $455,000 $455,000 $4,264 6.38%
    TYLER, TX (FHA|USDA|VA) 1 $435,000 $435,000 $6,211 3.75%
    GULFPORT-BILOXI, MS (FHA|USDA|VA) 1 $335,000 $335,000 $4,410 5.13%
    LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 1 $295,000 $295,000 $8,915 4.88%
    AMARILLO, TX (FHA|USDA|VA) 1 $285,000 $285,000 $4,781 4.13%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $245,000 $245,000 $6,690 5.00%
    LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 1 $235,000 $235,000 $7,947 5.88%
    ODESSA, TX (FHA|USDA|VA) 1 $215,000 $215,000 $4,739 3.75%
    LUBBOCK, TX (FHA|USDA|VA) 1 $185,000 $185,000 $3,782 3.38%
    Alamogordo, NM (FHA|USDA|VA) 1 $155,000 $155,000 $5,600 6.50%
    Extraco Banks's top markets include Killeen, College Station, Waco, Dallas, and Houston among others.

    Their top states include:
  • Texas (FHA|USDA|VA)
  • California (FHA|USDA|VA)
  • South Carolina (FHA|USDA|VA)
  • Mississippi (FHA|USDA|VA)
  • Nevada (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.

    GULF COAST
    Similarity Rank: 204
    PRIMEWAY
    Similarity Rank: 249
    Citizens State Bank
    Similarity Rank: 322
    AMOCO
    Similarity Rank: 510
    Texas Health Credit Union
    Similarity Rank: 552
    TEXAS BAY
    Similarity Rank: 957
    American Momentum Bank
    Similarity Rank: 1012
    COMMUNITY RESOURCE CREDIT UNION
    Similarity Rank: 1074
    TEXANS
    Similarity Rank: 1170
    SMART CHOICE MORTGAGE, A TEXAS LIMITED LIABILITY C
    Similarity Rank: 1480

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 434 $152,530,000 $351,452 $5,397 4.71%
    FHA 10 $2,630,000 $263,000 $9,347 4.71%
    VA 9 $3,685,000 $409,444 $12,719 5.17%

    For 2022, Extraco Banks's most frequently originated type of loan was Conventional, with 434 originations. Their 2nd most popular type was FHA, with 10 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 334 $127,990,000 $383,204 $6,015 4.72%
    Refi 92 $27,570,000 $299,674 $4,990 4.45%
    Other 16 $1,110,000 $69,375 $3,287 6.15%
    Cash Out Refi 8 $1,850,000 $231,250 $5,576 4.75%
    Home Improvement 3 $325,000 $108,333 $0 5.28%

    For 2022, Extraco Banks's most frequently cited loan purpose was Home Purchase, with 334 originations. The 2nd most popular reason was Refi, with 92 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 305 $106,595,000 $349,492 $5,926 4.73%
    5 Year 46 $27,730,000 $602,826 $0 4.53%
    15 Year 43 $8,205,000 $190,814 $4,388 4.86%
    10 Year 40 $9,580,000 $239,500 $3,977 4.79%
    1 Year 8 $1,360,000 $170,000 $0 4.84%
    20 Year 5 $2,065,000 $413,000 $5,388 3.70%
    3 Year 3 $2,625,000 $875,000 $0 5.14%
    Other 3 $685,000 $228,333 $0 5.32%

    For 2022, Extraco Banks's most frequently cited loan duration was 30 Year, with 305 originations. The 2nd most popular length was 5 Year, with 46 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 245 $86,395,000 $352,633
    $2k-3k 26 $6,640,000 $255,385
    $5k+ 18 $8,130,000 $451,667
    $3k-4k 17 $5,015,000 $295,000
    $4k-5k 13 $4,585,000 $352,692
    $<1k 11 $2,325,000 $211,364

    Extraco Banks's average total fees were $5,926, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 245 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 136 $61,990,000 $455,809
    4-5% 134 $44,240,000 $330,149
    5-6% 102 $32,910,000 $322,647
    6-7% 51 $12,705,000 $249,118
    2.5-3% 15 $4,125,000 $275,000
    7-8% 9 $1,475,000 $163,889
    <2.5% 5 $1,265,000 $253,000
    Over 8% 1 $135,000 $135,000

    During 2022, Extraco Banks's average interest rate for loans was 4.73%, while their most frequently originated rate bucket for loans was 3-4%, with 136 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 192 $53,210,000 $277,135 $5,303 4.63%
    $100k-200k 108 $15,970,000 $147,870 $4,589 4.86%
    $400k-600k 63 $30,335,000 $481,508 $6,359 4.80%
    $600k-1MM 41 $29,875,000 $728,659 $9,386 4.33%
    $100,000 or less 37 $2,445,000 $66,081 $3,337 5.16%
    $1MM+ 12 $27,010,000 $2,250,833 $9,300 4.43%

    2022 saw Extraco Banks place emphasis on $200k-400k loans with 192 originations, totaling $53,210,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 83 $22,085,000 $266,084 $5,356 4.88%
    $150k-250k 71 $27,165,000 $382,606 $6,462 4.83%
    $250k+ 68 $39,700,000 $583,824 $7,557 4.55%
    $50k-75k 61 $12,255,000 $200,902 $4,683 4.58%
    $75k-100k 50 $11,850,000 $237,000 $5,045 4.71%
    $50k or less 21 $3,875,000 $184,524 $4,406 4.71%

    Extraco Banks lent most frequently to those with incomes in the $100k-150k range, with 83 originations. The second most popular income band? $150k-250k, with 71 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 73 $28,945,000 $396,507 $6,243 4.48%
    30-36% 64 $17,150,000 $267,969 $5,051 4.80%
    <20% 41 $15,785,000 $385,000 $5,242 4.44%
    44% 26 $7,460,000 $286,923 $5,829 4.90%
    40% 19 $4,765,000 $250,789 $4,965 5.02%
    37% 17 $6,235,000 $366,765 $8,368 4.27%
    41% 15 $3,225,000 $215,000 $5,519 5.09%
    39% 13 $4,175,000 $321,154 $5,998 4.45%
    42% 12 $5,610,000 $467,500 $6,016 4.80%
    43% 12 $4,680,000 $390,000 $5,212 4.68%
    38% 11 $3,945,000 $358,636 $5,143 5.31%
    45% 9 $2,675,000 $297,222 $5,629 5.69%
    47% 9 $3,265,000 $362,778 $6,271 4.64%
    49% 9 $2,845,000 $316,111 $4,848 4.40%
    36% 8 $1,440,000 $180,000 $4,126 4.75%
    50-60% 7 $1,825,000 $260,714 $6,407 4.95%
    46% 6 $1,540,000 $256,667 $4,222 5.25%
    48% 2 $1,040,000 $520,000 $16,012 5.19%
    >60% 1 $335,000 $335,000 $4,410 5.13%

    Extraco Banks lent most frequently to those with DTI ratios of 20-30%, with 73 originations. The next most common DTI ratio? 30-36%, with 64 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 291 $98,025,000 $336,856 $5,696 4.73%
    Not applicable 88 $38,900,000 $442,045 $0 4.70%
    Not provided 39 $9,985,000 $256,026 $5,875 4.85%
    Asian 21 $8,155,000 $388,333 $5,892 4.55%
    Black 12 $2,900,000 $241,667 $4,770 4.82%
    American Indian 1 $635,000 $635,000 $6,121 3.25%
    Native Hawaiian or Islander 1 $245,000 $245,000 $9,206 4.00%

    Approval Rates

    Total approvals of all applications
    91.64%

    Extraco Banks has an average approval rate.

    Pick Rate

    Approvals leading to origination
    83.44%

    Extraco Banks has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 453 $158,845,000 $350,651

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    453 $158,845,000 $350,651

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 36 $6,060,000 $168,333 $4,091 4.67%
    40-60% 67 $22,075,000 $329,478 $4,907 4.65%
    60-80% 155 $59,065,000 $381,065 $6,256 4.81%
    80-100% 178 $69,180,000 $388,652 $5,669 4.57%
    Over 100% 1 $935,000 $935,000 $62,065 5.00%
    Under 20% 13 $795,000 $61,154 $3,050 6.39%