Firstbank Southwest Mortgage Rates, Fees & Info
Amarillo, TXLEI: 549300FRF7HYNM1S7Y12
Tax ID: 75-0491670
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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 a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets by origination volume include: Amarillo, Corpus Christi, San Antonio, Austin, and Pampa among others. We have data for 21 markets. (Some data included below & more in-depth data is available with an active subscription.)Firstbank Southwest 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
376Origination Dollar Volume (All Markets)
$101,920,000Top 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 |
|---|---|---|---|---|---|
| AMARILLO, TX (FHA|USDA|VA) | 209 | $40,155,000 | $192,129 | $0 | 0.00% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 1 | $16,875,000 | $16,875,000 | $0 | 0.00% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 12 | $15,390,000 | $1,282,500 | $0 | 0.00% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 4 | $5,290,000 | $1,322,500 | $0 | 0.00% |
| Pampa, TX (FHA|USDA|VA) | 39 | $5,125,000 | $131,410 | $0 | 0.00% |
| Outside of Metro Areas | 41 | $4,655,000 | $113,537 | $0 | 0.00% |
| Hereford, TX (FHA|USDA|VA) | 38 | $4,110,000 | $108,158 | $0 | 0.00% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 9 | $2,995,000 | $332,778 | $0 | 0.00% |
| Beeville, TX (FHA|USDA|VA) | 2 | $2,260,000 | $1,130,000 | $0 | 0.00% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 1 | $1,145,000 | $1,145,000 | $0 | 0.00% |
| Dumas, TX (FHA|USDA|VA) | 5 | $925,000 | $185,000 | $0 | 0.00% |
| Borger, TX (FHA|USDA|VA) | 4 | $630,000 | $157,500 | $0 | 0.00% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 2 | $550,000 | $275,000 | $0 | 0.00% |
| LUBBOCK, TX (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $0 | 0.00% |
| Levelland, TX (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 0.00% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 0.00% |
| Oxford, MS (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 0.00% |
| TYLER, TX (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 0.00% |
| Stephenville, TX (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
| Granbury, TX (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
| Portales, NM (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
Product Mix
For 2022, Firstbank Southwest's most frequently originated type of loan was Conventional, with 343 originations. Their 2nd most popular type was FHA, with 21 originations.
Loan Reason
For 2022, Firstbank Southwest's most frequently cited loan purpose was Home Purchase, with 255 originations. The 2nd most popular reason was Refi, with 70 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 376 | $101,920,000 | $271,064 | $0 | 0.00% |
For 2022, Firstbank Southwest's most frequently cited loan duration was Other, with 376 originations.
Loan Sizing
2022 saw Firstbank Southwest place emphasis on $100,000 or less loans with 133 originations, totaling $8,385,000 in origination value.
Applicant Income
Firstbank Southwest lent most frequently to those with incomes in the $50k-75k range, with 64 originations. The second most popular income band? $100k-150k, with 45 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 376 | $101,920,000 | $271,064 | $0 | 0.00% |
Firstbank Southwest lent most frequently to those with DTI ratios of Exempt%, with 376 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications90.15%
Firstbank Southwest has an average approval rate.
Pick Rate
Approvals leading to origination85.90%
Firstbank Southwest has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 376 | $101,920,000 | $271,064 |
Complaints
| Bank Name | Product | Issue | 2022 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| FIRST CITIZENS BANCSHARES, INC. | Home equity loan or line of credit (HELOC) | Applying for a mortgage or refinancing an existing mortgage | 1 | 100.0% |