Benchmark Bank Mortgage Rates, Fees & Info
PLANO, TXLEI: 549300FF2P6I0N4FHD29
Tax ID: 75-1163748
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Benchmark Bank is a smaller bank specializing in Home Purchase and Refi loans. Benchmark Bank has a high proportion of conventional loans. Their top markets by origination volume include: Dallas, Austin, College Station, Bozeman, and Durango among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)Benchmark Bank 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.
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Originations
21Origination Dollar Volume (All Markets)
$30,115,000Top 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 |
|---|---|---|---|---|---|
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 9 | $7,495,000 | $832,778 | $0 | 0.00% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 3 | $6,605,000 | $2,201,667 | $0 | 0.00% |
| Outside of Metro Areas | 4 | $6,270,000 | $1,567,500 | $0 | 0.00% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 1 | $5,305,000 | $5,305,000 | $0 | 0.00% |
| Bozeman, MT (FHA|USDA|VA) | 1 | $1,845,000 | $1,845,000 | $0 | 0.00% |
| Durango, CO (FHA|USDA|VA) | 1 | $1,575,000 | $1,575,000 | $0 | 0.00% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 1 | $815,000 | $815,000 | $0 | 0.00% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 21 | $30,115,000 | $1,434,048 | $0 | 0.00% |
For 2024, Benchmark Bank's most frequently originated type of loan was Conventional, with 21 originations.
Loan Reason
For 2024, Benchmark Bank's most frequently cited loan purpose was Home Purchase, with 14 originations. The 2nd most popular reason was Refi, with 4 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 21 | $30,115,000 | $1,434,048 | $0 | 0.00% |
For 2024, Benchmark Bank's most frequently cited loan duration was Other, with 21 originations.
Loan Sizing
2024 saw Benchmark Bank place emphasis on $1MM+ loans with 12 originations, totaling $24,710,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $250k+ | 11 | $11,595,000 | $1,054,091 | $0 | 0.00% |
| $150k-250k | 1 | $1,225,000 | $1,225,000 | $0 | 0.00% |
Benchmark Bank lent most frequently to those with incomes in the $250k+ range, with 11 originations. The second most popular income band? $150k-250k, with 1 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 21 | $30,115,000 | $1,434,048 | $0 | 0.00% |
Benchmark Bank lent most frequently to those with DTI ratios of Exempt%, with 21 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications90.70%
Benchmark Bank has an average approval rate.
Pick Rate
Approvals leading to origination38.10%
Benchmark Bank has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 21 | $30,115,000 | $1,434,048 |