Horizon Bank Ssb Mortgage Rates, Fees & Info
AUSTIN, TXLEI: 549300I23OUVH341T124
Tax ID: 74-0687225
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
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.
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.
Originations
23Origination Dollar Volume (All Markets)
$36,015,000Top 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 |
|---|---|---|---|---|---|
| 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% |
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
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
2023 saw Horizon Bank Ssb place emphasis on $1MM+ loans with 10 originations, totaling $30,380,000 in origination value.
Applicant Income
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
Approval Rates
Total approvals of all applications100.00%
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 origination60.87%
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 |