Horizon Bank Ssb Mortgage Rates, Fees & Info

AUSTIN, TX

LEI: 549300I23OUVH341T124

Tax ID: 74-0687225

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Mortgage Data

Review & Overview

Horizon Bank Ssb is a smaller bank specializing in Home Purchase loans. Horizon Bank Ssb has a high proportion of conventional loans. Their top markets by origination volume include: Austin, Glenwood Springs, Corpus Christi, Edwards, and Jackson among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)

Horizon Bank Ssb 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

23

Origination Dollar Volume (All Markets)

$36,015,000

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
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 13 $17,735,000 $1,364,231 $0 0.00%
Glenwood Springs, CO (FHA|USDA|VA) 1 $9,885,000 $9,885,000 $0 0.00%
CORPUS CHRISTI, TX (FHA|USDA|VA) 1 $2,655,000 $2,655,000 $0 0.00%
Edwards, CO (FHA|USDA|VA) 2 $2,180,000 $1,090,000 $0 0.00%
Outside of Metro Areas 1 $2,005,000 $2,005,000 $0 0.00%
Jackson, WY-ID (FHA|USDA|VA) 1 $525,000 $525,000 $0 0.00%
Heber, UT (FHA|USDA|VA) 1 $305,000 $305,000 $0 0.00%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 1 $265,000 $265,000 $0 0.00%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $235,000 $235,000 $0 0.00%
ABILENE, TX (FHA|USDA|VA) 1 $225,000 $225,000 $0 0.00%
Horizon Bank Ssb's top markets include Austin, Glenwood Springs, Corpus Christi, Edwards, and Jackson among others.

Their top states include:
  • Texas (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • Wyoming (FHA|USDA|VA)
  • Utah (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 23 $36,015,000 $1,565,870 $0 0.00%

    For 2023, Horizon Bank Ssb's most frequently originated type of loan was Conventional, with 23 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 15 $29,575,000 $1,971,667 $0 0.00%
    Refi 4 $3,310,000 $827,500 $0 0.00%
    Home Improvement 2 $300,000 $150,000 $0 0.00%
    Cash Out Refi 2 $2,830,000 $1,415,000 $0 0.00%

    For 2023, Horizon Bank Ssb's most frequently cited loan purpose was Home Purchase, with 15 originations. The 2nd most popular reason was Refi, with 4 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 23 $36,015,000 $1,565,870 $0 0.00%

    For 2023, Horizon Bank Ssb's most frequently cited loan duration was Other, with 23 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $1MM+ 10 $30,380,000 $3,038,000 $0 0.00%
    $200k-400k 6 $1,610,000 $268,333 $0 0.00%
    $600k-1MM 5 $3,435,000 $687,000 $0 0.00%
    $100,000 or less 1 $65,000 $65,000 $0 0.00%
    $400k-600k 1 $525,000 $525,000 $0 0.00%

    2023 saw Horizon Bank Ssb place emphasis on $1MM+ loans with 10 originations, totaling $30,380,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 8 $14,220,000 $1,777,500 $0 0.00%
    $100k-150k 1 $265,000 $265,000 $0 0.00%
    $150k-250k 1 $755,000 $755,000 $0 0.00%

    Horizon Bank Ssb lent most frequently to those with incomes in the $250k+ range, with 8 originations. The second most popular income band? $100k-150k, with 1 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 23 $36,015,000 $1,565,870 $0 0.00%

    Horizon Bank Ssb lent most frequently to those with DTI ratios of Exempt%, with 23 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 13 $20,775,000 $1,598,077 $0 0.00%
    White 8 $10,900,000 $1,362,500 $0 0.00%
    Black 1 $4,075,000 $4,075,000 $0 0.00%
    Not provided 1 $265,000 $265,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    100.00%

    Horizon Bank Ssb has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    60.87%

    Horizon Bank Ssb 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 23 $36,015,000 $1,565,870

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    23 $36,015,000 $1,565,870