Texans Mortgage Rates, Fees & Info
Richardson, TXLEI: 549300GY97XGRF7XZO52
Tax ID: 75-0992590
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Mortgage Data
Review & Overview
Texans is a smaller mortgage company specializing in Refi and Home Purchase loans. Texans has a high proportion of conventional loans. Their top markets by origination volume include: Dallas, Austin, Houston, Santa Fe, and Deltona among others. We have data for 13 markets. (Some data included below & more in-depth data is available with an active subscription.)Texans has a below average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Texans is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.
We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.34% | 12/16/24 |
| 30 Year Conventional Refi | 6.44% | 12/16/24 |
| 30 Year Cash-out Refi | 6.52% | 12/16/24 |
| 30 Year FHA Purchase | 6.27% | 12/16/24 |
| 30 Year FHA Refi | 6.27% | 12/16/24 |
| 15 Year Conventional Purchase | 5.87% | 12/16/24 |
| 15 Year Conventional Refi | 6.04% | 12/16/24 |
| 15 Year Cash-out Refi | 6.04% | 12/16/24 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
Texans Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
542Origination Dollar Volume (All Markets)
$71,530,000Awards
TEXANS - 2018
TEXANS is a 2018 , due to their low .
For 2018, less than of lenders were eligible for this award.
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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 |
|---|---|---|---|---|---|
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 514 | $65,740,000 | $127,899 | $1,230 | 4.97% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 11 | $3,205,000 | $291,364 | $2,552 | 4.35% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 5 | $745,000 | $149,000 | $1,599 | 4.86% |
| SANTA FE, NM (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $2,487 | 3.75% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $3,646 | 4.38% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $4,871 | 4.63% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $344 | 4.63% |
| ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $5,207 | 4.38% |
| WACO, TX (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $687 | 4.13% |
| Granbury, TX (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,532 | 4.38% |
| Athens, TX (FHA|USDA|VA) | 2 | $120,000 | $60,000 | $542 | 6.24% |
| Bonham, TX (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $506 | 6.14% |
| Outside of Metro Areas | 1 | $45,000 | $45,000 | $553 | 5.49% |
Similar Lenders
We use machine learning to identify the top lenders compared against TEXANS based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 200
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 541 | $71,225,000 | $131,654 | $1,258 | 4.96% |
| VA | 1 | $305,000 | $305,000 | $8,460 | 4.00% |
For 2018, Texans's most frequently originated type of loan was Conventional, with 541 originations. Their 2nd most popular type was VA, with 1 originations.
Loan Reason
For 2018, Texans's most frequently cited loan purpose was Refi, with 176 originations. The 2nd most popular reason was Home Purchase, with 123 originations.
Loan Duration/Length
For 2018, Texans's most frequently cited loan duration was 15 Year, with 187 originations. The 2nd most popular length was 30 Year, with 119 originations.
Origination Fees/Closing Costs
Texans's average total fees were $3,094, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 447 originations.
Interest Rates
During 2018, Texans's average interest rate for loans was 4.35%, while their most frequently originated rate bucket for loans was 4-5%, with 269 originations.
Loan Sizing
2018 saw Texans place emphasis on $100,000 or less loans with 286 originations, totaling $14,780,000 in origination value.
Applicant Income
Texans lent most frequently to those with incomes in the $100k-150k range, with 169 originations. The second most popular income band? $150k-250k, with 105 originations.
Applicant Debt to Income Ratio
Texans lent most frequently to those with DTI ratios of 20-30%, with 160 originations. The next most common DTI ratio? 30-36%, with 123 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications63.19%
Texans has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick Rate
Approvals leading to origination56.27%
Texans 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 |
|---|---|---|---|
| NA | 542 | $71,530,000 | $131,974 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 542 | $71,530,000 | $131,974 |