Firstbank Southwest Mortgage Rates, Fees & Info

Amarillo, TX

LEI: 549300FRF7HYNM1S7Y12

Tax ID: 75-0491670

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

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Mortgage Data

Review & Overview

Firstbank Southwest is a smaller bank specializing in Home Purchase loans. Firstbank Southwest has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Amarillo, Dallas, Pampa, Hereford, and Alice among others. We have data for 27 markets. (Some data included below & more in-depth data is available with an active subscription.)

Firstbank Southwest 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.

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Originations

343

Origination Dollar Volume (All Markets)

$63,805,000

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
AMARILLO, TX (FHA|USDA|VA) 176 $29,380,000 $166,932 $0 0.00%
Outside of Metro Areas 52 $6,660,000 $128,077 $0 0.00%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 13 $4,805,000 $369,615 $0 0.00%
Pampa, TX (FHA|USDA|VA) 40 $4,250,000 $106,250 $0 0.00%
Hereford, TX (FHA|USDA|VA) 25 $3,515,000 $140,600 $0 0.00%
Alice, TX (FHA|USDA|VA) 1 $3,005,000 $3,005,000 $0 0.00%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 2 $2,590,000 $1,295,000 $0 0.00%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $2,005,000 $2,005,000 $0 0.00%
Kerrville, TX (FHA|USDA|VA) 4 $1,140,000 $285,000 $0 0.00%
Andrews, TX (FHA|USDA|VA) 2 $900,000 $450,000 $0 0.00%
WILMINGTON, NC (FHA|USDA|VA) 1 $845,000 $845,000 $0 0.00%
Borger, TX (FHA|USDA|VA) 6 $510,000 $85,000 $0 0.00%
LUBBOCK, TX (FHA|USDA|VA) 4 $470,000 $117,500 $0 0.00%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $465,000 $465,000 $0 0.00%
SHERMAN-DENISON, TX (FHA|USDA|VA) 1 $435,000 $435,000 $0 0.00%
Dumas, TX (FHA|USDA|VA) 2 $430,000 $215,000 $0 0.00%
TULSA, OK (FHA|USDA|VA) 2 $340,000 $170,000 $0 0.00%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 1 $335,000 $335,000 $0 0.00%
MIDLAND, TX (FHA|USDA|VA) 1 $275,000 $275,000 $0 0.00%
Iron Mountain, MI-WI (FHA|USDA|VA) 1 $245,000 $245,000 $0 0.00%
WICHITA FALLS, TX (FHA|USDA|VA) 1 $235,000 $235,000 $0 0.00%
Great Bend, KS (FHA|USDA|VA) 1 $195,000 $195,000 $0 0.00%
Durant, OK (FHA|USDA|VA) 1 $185,000 $185,000 $0 0.00%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $175,000 $175,000 $0 0.00%
Ruidoso, NM (FHA|USDA|VA) 1 $175,000 $175,000 $0 0.00%
Brownwood, TX (FHA|USDA|VA) 1 $135,000 $135,000 $0 0.00%
Fredericksburg, TX (FHA|USDA|VA) 1 $105,000 $105,000 $0 0.00%
Firstbank Southwest's top markets include Amarillo, Dallas, Pampa, Hereford, and Alice among others.

Their top states include:
  • Texas (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • Oklahoma (FHA|USDA|VA)
  • Arkansas (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 302 $56,880,000 $188,344 $0 0.00%
    FHA 36 $5,940,000 $165,000 $0 0.00%
    VA 3 $735,000 $245,000 $0 0.00%
    USDA 2 $250,000 $125,000 $0 0.00%

    For 2023, Firstbank Southwest's most frequently originated type of loan was Conventional, with 302 originations. Their 2nd most popular type was FHA, with 36 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 217 $49,845,000 $229,700 $0 0.00%
    Refi 98 $11,300,000 $115,306 $0 0.00%
    Home Improvement 19 $1,735,000 $91,316 $0 0.00%
    Other 7 $575,000 $82,143 $0 0.00%
    Cash Out Refi 2 $350,000 $175,000 $0 0.00%

    For 2023, Firstbank Southwest's most frequently cited loan purpose was Home Purchase, with 217 originations. The 2nd most popular reason was Refi, with 98 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 343 $63,805,000 $186,020 $0 0.00%

    For 2023, Firstbank Southwest's most frequently cited loan duration was Other, with 343 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 137 $19,735,000 $144,051 $0 0.00%
    $100,000 or less 126 $7,530,000 $59,762 $0 0.00%
    $200k-400k 59 $15,935,000 $270,085 $0 0.00%
    $400k-600k 10 $4,750,000 $475,000 $0 0.00%
    $1MM+ 6 $12,210,000 $2,035,000 $0 0.00%
    $600k-1MM 5 $3,645,000 $729,000 $0 0.00%

    2023 saw Firstbank Southwest place emphasis on $100k-200k loans with 137 originations, totaling $19,735,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $75k-100k 52 $6,820,000 $131,154 $0 0.00%
    $50k-75k 43 $5,435,000 $126,395 $0 0.00%
    $100k-150k 42 $7,950,000 $189,286 $0 0.00%
    $150k-250k 36 $7,950,000 $220,833 $0 0.00%
    $50k or less 22 $1,910,000 $86,818 $0 0.00%
    $250k+ 14 $6,660,000 $475,714 $0 0.00%

    Firstbank Southwest lent most frequently to those with incomes in the $75k-100k range, with 52 originations. The second most popular income band? $50k-75k, with 43 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 343 $63,805,000 $186,020 $0 0.00%

    Firstbank Southwest lent most frequently to those with DTI ratios of Exempt%, with 343 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 199 $35,205,000 $176,910 $0 0.00%
    Not applicable 81 $21,115,000 $260,679 $0 0.00%
    Not provided 51 $4,905,000 $96,176 $0 0.00%
    American Indian 5 $1,475,000 $295,000 $0 0.00%
    Asian 3 $775,000 $258,333 $0 0.00%
    Black 3 $295,000 $98,333 $0 0.00%
    Asian Indian 1 $35,000 $35,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    88.34%

    Firstbank Southwest has an average approval rate.

    Pick Rate

    Approvals leading to origination
    83.67%

    Firstbank Southwest has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 343 $63,805,000 $186,020

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    343 $63,805,000 $186,020