Texans Mortgage Rates, Fees & Info

Richardson, TX

LEI: 549300GY97XGRF7XZO52

Tax ID: 75-0992590

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Texans is a smaller mortgage company specializing in Refi, Cash Out Refi, and Home Purchase loans. Texans has a high proportion of conventional loans. Their top markets by origination volume include: Dallas, Sherman, Houston, Austin, and Fayetteville among others. We have data for 14 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% 4/18/24
    30 Year Conventional Refi 6.44% 4/18/24
    30 Year Cash-out Refi 6.52% 4/18/24
    30 Year FHA Purchase 6.27% 4/18/24
    30 Year FHA Refi 6.27% 4/18/24
    15 Year Conventional Purchase 5.87% 4/18/24
    15 Year Conventional Refi 6.04% 4/18/24
    15 Year Cash-out Refi 6.04% 4/18/24
    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

    552

    Origination Dollar Volume (All Markets)

    $73,450,000

    Awards

    TEXANS 30 Year Conventional Loans gold TEXANS 30 Year Conventional Loans bronze
    Show all (2) 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) 512 $66,300,000 $129,492 $1,238 4.84%
    SHERMAN-DENISON, TX (FHA|USDA|VA) 12 $1,960,000 $163,333 $2,250 4.66%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 7 $1,515,000 $216,429 $2,083 4.22%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 6 $1,350,000 $225,000 $2,329 4.84%
    FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 3 $685,000 $228,333 $2,231 4.63%
    WACO, TX (FHA|USDA|VA) 2 $330,000 $165,000 $2,201 4.25%
    SANTA FE, NM (FHA|USDA|VA) 1 $295,000 $295,000 $715 3.63%
    Athens, TX (FHA|USDA|VA) 2 $230,000 $115,000 $1,361 4.25%
    Outside of Metro Areas 2 $190,000 $95,000 $3,226 4.06%
    LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 1 $165,000 $165,000 $520 4.25%
    KILLEEN-TEMPLE, TX (FHA|USDA|VA) 1 $165,000 $165,000 $1,702 4.85%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $115,000 $115,000 $2,161 3.88%
    Palestine, TX (FHA|USDA|VA) 1 $115,000 $115,000 $2,373 4.13%
    ODESSA, TX (FHA|USDA|VA) 1 $35,000 $35,000 $138 5.99%
    Texans's top markets include Dallas, Sherman, Houston, Austin, and Fayetteville among others.

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

    SMART CHOICE MORTGAGE, A TEXAS LIMITED LIABILITY C
    Similarity Rank: 459
    AAXY L.L.C.
    Similarity Rank: 848
    CAPITAL PLUS FINANCIAL, LLC
    Similarity Rank: 1038
    SOUTHERN LENDING SERVICES, LTD.
    Similarity Rank: 1120
    Resource One Credit Union
    Similarity Rank: 1140
    TEXANS
    Similarity Rank: 1204
    NEIGHBORHOOD
    Similarity Rank: 1228
    PIKE CREEK MORTGAGE SERVICES, INC.
    Similarity Rank: 1368
    HIGHLAND HOMELOANS, LLC
    Similarity Rank: 1482
    AUSTIN TELCO Federal Credit Union
    Similarity Rank: 1547

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 551 $73,195,000 $132,840 $1,287 4.81%
    VA 1 $255,000 $255,000 $9,002 4.38%

    For 2019, Texans's most frequently originated type of loan was Conventional, with 551 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 190 $25,570,000 $134,579 $1,102 4.63%
    Home Improvement 130 $6,800,000 $52,308 $272 5.49%
    Cash Out Refi 81 $18,065,000 $223,025 $3,554 4.12%
    Home Purchase 79 $19,455,000 $246,266 $2,160 4.17%
    Other 72 $3,560,000 $49,444 $260 5.55%

    For 2019, Texans's most frequently cited loan purpose was Refi, with 190 originations. The 2nd most popular reason was Home Improvement, with 130 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 144 $14,650,000 $101,736 $918 4.85%
    30 Year 134 $37,140,000 $277,164 $3,186 4.04%
    10 Year 115 $6,935,000 $60,304 $415 5.08%
    20 Year 87 $10,905,000 $125,345 $1,000 5.27%
    5 Year 62 $2,240,000 $36,129 $227 5.21%
    Other 10 $1,580,000 $158,000 $1,285 4.92%

    For 2019, Texans's most frequently cited loan duration was 15 Year, with 144 originations. The 2nd most popular length was 30 Year, with 134 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 478 $51,460,000 $107,657
    $1k-2k 68 $20,600,000 $302,941
    $4k-5k 2 $700,000 $350,000
    $2k-3k 1 $145,000 $145,000
    $3k-4k 1 $205,000 $205,000

    Texans's average total fees were $3,186, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 478 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 233 $26,795,000 $115,000
    5-6% 134 $7,570,000 $56,493
    3-4% 133 $36,005,000 $270,714
    6-7% 43 $2,535,000 $58,953
    7-8% 7 $405,000 $57,857
    Over 8% 2 $140,000 $70,000

    During 2019, Texans's average interest rate for loans was 4.04%, while their most frequently originated rate bucket for loans was 4-5%, with 233 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 290 $14,830,000 $51,138 $287 5.32%
    $100k-200k 142 $20,250,000 $142,606 $1,645 4.48%
    $200k-400k 95 $26,235,000 $276,158 $3,213 4.01%
    $400k-600k 22 $10,030,000 $455,909 $3,640 3.88%
    $600k-1MM 3 $2,105,000 $701,667 $5,256 3.71%

    2019 saw Texans place emphasis on $100,000 or less loans with 290 originations, totaling $14,830,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 156 $21,480,000 $137,692 $1,450 4.83%
    $150k-250k 121 $19,665,000 $162,521 $1,432 4.86%
    $75k-100k 103 $12,125,000 $117,718 $1,279 4.80%
    $50k-75k 89 $8,235,000 $92,528 $1,024 4.80%
    $50k or less 53 $4,095,000 $77,264 $730 4.65%
    $250k+ 30 $7,850,000 $261,667 $1,934 4.89%

    Texans lent most frequently to those with incomes in the $100k-150k range, with 156 originations. The second most popular income band? $150k-250k, with 121 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 150 $20,980,000 $139,867 $1,433 4.64%
    30-36% 132 $15,550,000 $117,803 $1,108 4.97%
    <20% 40 $5,140,000 $128,500 $997 4.59%
    40% 33 $5,125,000 $155,303 $1,426 4.66%
    42% 30 $3,990,000 $133,000 $1,527 5.07%
    38% 30 $3,410,000 $113,667 $1,097 4.68%
    39% 26 $3,470,000 $133,462 $1,046 5.16%
    41% 25 $2,825,000 $113,000 $1,017 5.09%
    36% 24 $2,680,000 $111,667 $913 5.25%
    37% 18 $2,530,000 $140,556 $1,393 4.89%
    44% 13 $2,255,000 $173,462 $3,150 4.11%
    43% 9 $1,835,000 $203,889 $2,250 4.54%
    50-60% 5 $395,000 $79,000 $324 5.31%
    49% 4 $820,000 $205,000 $1,905 4.74%
    48% 4 $780,000 $195,000 $1,221 4.46%
    45% 3 $585,000 $195,000 $2,504 4.71%
    46% 3 $495,000 $165,000 $1,051 4.88%
    47% 2 $460,000 $230,000 $2,245 4.00%
    >60% 1 $125,000 $125,000 $344 4.90%

    Texans lent most frequently to those with DTI ratios of 20-30%, with 150 originations. The next most common DTI ratio? 30-36%, with 132 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 392 $54,010,000 $137,781 $1,389 4.77%
    Not provided 89 $11,225,000 $126,124 $1,102 4.78%
    Black 36 $3,350,000 $93,056 $1,003 5.14%
    Asian 24 $2,950,000 $122,917 $943 4.99%
    American Indian 6 $1,080,000 $180,000 $2,051 4.51%
    Other Asian 2 $530,000 $265,000 $1,352 4.80%
    Korean 1 $155,000 $155,000 $344 4.90%
    Asian Indian 1 $95,000 $95,000 $379 7.04%
    Native Hawaiian or Islander 1 $55,000 $55,000 $254 5.19%

    Approval Rates

    Total approvals of all applications
    66.09%

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

    Pick Rate

    Approvals leading to origination
    62.14%

    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 552 $73,450,000 $133,062

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 552 $73,450,000 $133,062

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 119 $9,435,000 $79,286 $503 4.92%
    40-60% 91 $12,705,000 $139,615 $1,599 4.37%
    60-80% 115 $31,355,000 $272,652 $2,845 4.14%
    80-100% 48 $12,060,000 $251,250 $2,960 4.13%
    Under 20% 179 $7,895,000 $44,106 $246 5.58%