Incommons Bank N.a. Mortgage Rates, Fees & Info
Mexia, TXLEI: 549300GXMSA3UUO46130
Tax ID: 74-0844632
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Mortgage Data
Review & Overview
Incommons Bank N.a. is a smaller bank specializing in Home Purchase loans. Incommons Bank N.a. has a high proportion of conventional loans. Their top markets by origination volume include: Waco, Killeen, Longview, Austin, and Corsicana among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)Incommons Bank N.a. 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
83Origination Dollar Volume (All Markets)
$15,935,000Top 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 |
|---|---|---|---|---|---|
| Outside of Metro Areas | 48 | $6,660,000 | $138,750 | $0 | 0.00% |
| WACO, TX (FHA|USDA|VA) | 21 | $4,005,000 | $190,714 | $0 | 0.00% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 6 | $2,180,000 | $363,333 | $0 | 0.00% |
| LONGVIEW, TX (FHA|USDA|VA) | 1 | $1,245,000 | $1,245,000 | $0 | 0.00% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $895,000 | $895,000 | $0 | 0.00% |
| Corsicana, TX (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $0 | 0.00% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 0.00% |
| Athens, TX (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 0.00% |
| Palestine, TX (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 0.00% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 83 | $15,935,000 | $191,988 | $0 | 0.00% |
For 2023, Incommons Bank N.a.'s most frequently originated type of loan was Conventional, with 83 originations.
Loan Reason
For 2023, Incommons Bank N.a.'s most frequently cited loan purpose was Home Purchase, with 53 originations. The 2nd most popular reason was Home Improvement, with 17 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 83 | $15,935,000 | $191,988 | $0 | 0.00% |
For 2023, Incommons Bank N.a.'s most frequently cited loan duration was Other, with 83 originations.
Loan Sizing
2023 saw Incommons Bank N.a. place emphasis on $100,000 or less loans with 35 originations, totaling $2,045,000 in origination value.
Applicant Income
Incommons Bank N.a. lent most frequently to those with incomes in the $100k-150k range, with 16 originations. The second most popular income band? $50k-75k, with 14 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 83 | $15,935,000 | $191,988 | $0 | 0.00% |
Incommons Bank N.a. lent most frequently to those with DTI ratios of Exempt%, with 83 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications84.40%
Incommons Bank N.a. has a below average approval rate.
Pick Rate
Approvals leading to origination56.63%
Incommons Bank N.a. 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 | 83 | $15,935,000 | $191,988 |