Texans Mortgage Rates, Fees & Info

Richardson, TX

LEI: 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.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.34% 3/28/24
30 Year Conventional Refi 6.44% 3/28/24
30 Year Cash-out Refi 6.52% 3/28/24
30 Year FHA Purchase 6.27% 3/28/24
30 Year FHA Refi 6.27% 3/28/24
15 Year Conventional Purchase 5.87% 3/28/24
15 Year Conventional Refi 6.04% 3/28/24
15 Year Cash-out Refi 6.04% 3/28/24
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






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Texans. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

542

Origination Dollar Volume (All Markets)

$71,530,000

Awards

TEXANS 30 Year Conventional Loans gold TEXANS 30 Year Conventional Loans gold TEXANS 30 Year Conventional Loans silver
Show all (3) awards

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%
Texans's top markets include Dallas, Austin, Houston, Santa Fe, and Deltona among others.

Their top states include:
  • Texas (FHA|USDA|VA)
  • New Mexico (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • New York (FHA|USDA|VA)
  • 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.

    NEIGHBORHOOD
    Similarity Rank: 200
    SOUTHERN LENDING SERVICES, LTD.
    Similarity Rank: 386
    TEXANS
    Similarity Rank: 416
    AUSTIN TELCO Federal Credit Union
    Similarity Rank: 481
    ADVISA MORTGAGE SERVICES, LTD.
    Similarity Rank: 498
    CAPITAL PLUS FINANCIAL, LLC
    Similarity Rank: 897
    A+ Federal Credit Union
    Similarity Rank: 975
    ASCENT HOME LENDING, LLC
    Similarity Rank: 1220
    AMERICAN HERITAGE CAPITAL, L.P.
    Similarity Rank: 1326
    HIGHLAND HOMELOANS, LLC
    Similarity Rank: 1410

    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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 176 $18,380,000 $104,432 $722 4.94%
    Home Purchase 123 $31,615,000 $257,033 $2,446 4.29%
    Home Improvement 119 $6,305,000 $52,983 $267 5.57%
    Other 73 $3,405,000 $46,644 $237 5.59%
    Cash Out Refi 51 $11,825,000 $231,863 $4,360 4.29%

    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

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 187 $20,765,000 $111,043 $1,088 4.90%
    30 Year 119 $33,875,000 $284,664 $3,094 4.35%
    10 Year 118 $7,120,000 $60,339 $348 5.31%
    20 Year 71 $8,335,000 $117,394 $1,019 5.38%
    5 Year 44 $1,280,000 $29,091 $202 5.21%
    Other 3 $155,000 $51,667 $275 4.80%

    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

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 447 $44,535,000 $99,631
    $1k-2k 82 $24,490,000 $298,659
    $2k-3k 4 $870,000 $217,500
    $3k-4k 2 $520,000 $260,000
    $4k-5k 2 $540,000 $270,000

    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

    Loan Rate Originations Total Value Average Loan
    4-5% 269 $40,605,000 $150,948
    5-6% 154 $10,300,000 $66,883
    3-4% 69 $18,185,000 $263,551
    6-7% 39 $1,885,000 $48,333
    7-8% 9 $475,000 $52,778
    Over 8% 2 $80,000 $40,000

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 286 $14,780,000 $51,678 $320 5.42%
    $100k-200k 137 $19,105,000 $139,453 $1,471 4.61%
    $200k-400k 92 $25,710,000 $279,457 $3,389 4.31%
    $400k-600k 27 $11,935,000 $442,037 $3,234 4.05%

    2018 saw Texans place emphasis on $100,000 or less loans with 286 originations, totaling $14,780,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 169 $23,935,000 $141,627 $1,526 4.93%
    $150k-250k 105 $16,145,000 $153,762 $1,413 5.08%
    $75k-100k 99 $11,285,000 $113,990 $1,094 5.00%
    $50k-75k 93 $9,405,000 $101,129 $1,063 4.98%
    $50k or less 45 $2,835,000 $63,000 $544 4.77%
    $250k+ 31 $7,925,000 $255,645 $1,682 4.72%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 160 $21,120,000 $132,000 $1,357 4.83%
    30-36% 123 $16,315,000 $132,642 $1,245 4.95%
    <20% 41 $5,215,000 $127,195 $977 4.73%
    42% 31 $4,765,000 $153,710 $1,258 4.97%
    40% 29 $3,475,000 $119,828 $1,161 5.09%
    39% 27 $2,825,000 $104,630 $905 5.09%
    36% 25 $3,725,000 $149,000 $1,389 5.07%
    41% 24 $2,820,000 $117,500 $1,148 5.28%
    37% 19 $2,145,000 $112,895 $1,082 5.45%
    38% 18 $1,960,000 $108,889 $875 5.16%
    43% 12 $1,880,000 $156,667 $1,491 5.42%
    44% 8 $1,670,000 $208,750 $2,681 4.55%
    50-60% 6 $550,000 $91,667 $267 5.24%
    46% 4 $450,000 $112,500 $633 5.18%
    47% 4 $620,000 $155,000 $2,107 4.71%
    45% 4 $710,000 $177,500 $4,132 4.53%
    49% 4 $870,000 $217,500 $3,055 4.31%
    48% 2 $370,000 $185,000 $1,281 4.61%
    >60% 1 $45,000 $45,000 $254 5.79%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 397 $54,635,000 $137,620 $1,384 4.92%
    Not provided 76 $8,520,000 $112,105 $939 5.07%
    Asian 30 $5,010,000 $167,000 $1,179 4.84%
    Black 35 $2,875,000 $82,143 $719 5.20%
    American Indian 4 $490,000 $122,500 $1,714 5.02%

    Approval Rates

    Total approvals of all applications
    63.19%

    Texans has a low approval rate. They may have poor market targeting or stringent lending standards.

    Pick Rate

    Approvals leading to origination
    56.27%

    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

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 126 $10,350,000 $82,143 $584 5.19%
    40-60% 88 $13,420,000 $152,500 $1,495 4.62%
    60-80% 119 $29,725,000 $249,790 $2,715 4.28%
    80-100% 40 $10,870,000 $271,750 $2,917 4.42%
    Under 20% 169 $7,165,000 $42,396 $288 5.57%