Incommons Bank N.a. Mortgage Rates, Fees & Info

Mexia, TX

LEI: 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

83

Origination Dollar Volume (All Markets)

$15,935,000

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
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%
Incommons Bank N.a.'s top markets include Waco, Killeen, Longview, Austin, and Corsicana among others.

Their top states include:
  • Texas (FHA|USDA|VA)
  • 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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 53 $11,465,000 $216,321 $0 0.00%
    Home Improvement 17 $1,095,000 $64,412 $0 0.00%
    Other 7 $2,495,000 $356,429 $0 0.00%
    Cash Out Refi 5 $835,000 $167,000 $0 0.00%
    Refi 1 $45,000 $45,000 $0 0.00%

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 35 $2,045,000 $58,429 $0 0.00%
    $100k-200k 23 $3,215,000 $139,783 $0 0.00%
    $200k-400k 17 $4,565,000 $268,529 $0 0.00%
    $400k-600k 4 $1,750,000 $437,500 $0 0.00%
    $1MM+ 3 $3,465,000 $1,155,000 $0 0.00%
    $600k-1MM 1 $895,000 $895,000 $0 0.00%

    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

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 16 $2,940,000 $183,750 $0 0.00%
    $50k-75k 14 $1,130,000 $80,714 $0 0.00%
    $75k-100k 13 $1,435,000 $110,385 $0 0.00%
    $150k-250k 9 $1,515,000 $168,333 $0 0.00%
    $50k or less 7 $385,000 $55,000 $0 0.00%
    $250k+ 5 $2,175,000 $435,000 $0 0.00%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 58 $9,040,000 $155,862 $0 0.00%
    Not applicable 19 $6,355,000 $334,474 $0 0.00%
    Black 5 $485,000 $97,000 $0 0.00%
    American Indian 1 $55,000 $55,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    84.40%

    Incommons Bank N.a. has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    56.63%

    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

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    83 $15,935,000 $191,988