Incommons Bank N.a. Mortgage Rates, Fees & Info
Mexia, TXLEI: 549300GXMSA3UUO46130
Tax ID: 74-0844632
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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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. Incommons Bank N.a. has a low ratio of conventional loans. Their top markets by origination volume include: Waco, Dallas, Killeen, Sherman, and Athens among others. We have data for 11 markets. (Some data included below & more in-depth data is available with an active subscription.)Incommons Bank N.a. 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
117Origination Dollar Volume (All Markets)
$22,975,000Top 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 | 72 | $11,520,000 | $160,000 | $6,464 | 4.75% |
| WACO, TX (FHA|USDA|VA) | 26 | $5,590,000 | $215,000 | $0 | 0.00% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 3 | $1,375,000 | $458,333 | $0 | 0.00% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 3 | $1,245,000 | $415,000 | $0 | 0.00% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 1 | $985,000 | $985,000 | $0 | 0.00% |
| Athens, TX (FHA|USDA|VA) | 2 | $800,000 | $400,000 | $0 | 0.00% |
| Corsicana, TX (FHA|USDA|VA) | 3 | $705,000 | $235,000 | $0 | 0.00% |
| Palestine, TX (FHA|USDA|VA) | 3 | $295,000 | $98,333 | $0 | 0.00% |
| Lufkin, TX (FHA|USDA|VA) | 2 | $170,000 | $85,000 | $0 | 0.00% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
| BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 116 | $22,750,000 | $196,121 | $0 | 0.00% |
| Conventional | 1 | $225,000 | $225,000 | $6,464 | 4.75% |
For 2022, Incommons Bank N.a.'s most frequently originated type of loan was Conventional, with 116 originations. Their 2nd most popular type was Conventional, with 1 originations.
Loan Reason
For 2022, Incommons Bank N.a.'s most frequently cited loan purpose was Home Purchase, with 72 originations. The 2nd most popular reason was Cash Out Refi, with 15 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 116 | $22,750,000 | $196,121 | $0 | 0.00% |
| 30+ year | 1 | $225,000 | $225,000 | $6,464 | 4.75% |
For 2022, Incommons Bank N.a.'s most frequently cited loan duration was Other, with 116 originations. The 2nd most popular length was 30+ year, with 1 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 1 | $225,000 | $225,000 |
Incommons Bank N.a.'s average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 1 | $225,000 | $225,000 |
During 2022, Incommons Bank N.a.'s average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 4-5%, with 1 originations.
Loan Sizing
2022 saw Incommons Bank N.a. place emphasis on $100k-200k loans with 43 originations, totaling $5,915,000 in origination value.
Applicant Income
Incommons Bank N.a. lent most frequently to those with incomes in the $50k-75k range, with 27 originations. The second most popular income band? $100k-150k, with 25 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 116 | $22,750,000 | $196,121 | $0 | 0.00% |
| 41% | 1 | $225,000 | $225,000 | $6,464 | 4.75% |
Incommons Bank N.a. lent most frequently to those with DTI ratios of Exempt%, with 116 originations. The next most common DTI ratio? 41%, with 1 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications90.17%
Incommons Bank N.a. has an average approval rate.
Pick Rate
Approvals leading to origination67.52%
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 | 116 | $22,750,000 | $196,121 |
| NA | 1 | $225,000 | $225,000 |