Horizon Bank Ssb Mortgage Rates, Fees & Info
AUSTIN, TXLEI: 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, Killeen, San Antonio, Houston, and Dallas among others. We have data for 8 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 an above average pick rate when compared to similar lenders.
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Originations
58Origination Dollar Volume (All Markets)
$30,300,000Top 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) | 42 | $26,260,000 | $625,238 | $0 | 0.00% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 9 | $1,805,000 | $200,556 | $0 | 0.00% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 1 | $1,105,000 | $1,105,000 | $0 | 0.00% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 2 | $550,000 | $275,000 | $0 | 0.00% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $155,000 | $155,000 | $0 | 0.00% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 0.00% |
| WACO, TX (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 58 | $30,300,000 | $522,414 | $0 | 0.00% |
For 2018, Horizon Bank Ssb's most frequently originated type of loan was Conventional, with 58 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 50 | $26,830,000 | $536,600 | $0 | 0.00% |
| Refi | 5 | $3,135,000 | $627,000 | $0 | 0.00% |
| Home Improvement | 3 | $335,000 | $111,667 | $0 | 0.00% |
For 2018, Horizon Bank Ssb's most frequently cited loan purpose was Home Purchase, with 50 originations. The 2nd most popular reason was Refi, with 5 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 58 | $30,300,000 | $522,414 | $0 | 0.00% |
For 2018, Horizon Bank Ssb's most frequently cited loan duration was Other, with 58 originations.
Loan Sizing
2018 saw Horizon Bank Ssb place emphasis on $200k-400k loans with 14 originations, totaling $3,980,000 in origination value.
Applicant Income
Horizon Bank Ssb lent most frequently to those with incomes in the $250k+ range, with 15 originations. The second most popular income band? $100k-150k, with 5 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 58 | $30,300,000 | $522,414 | $0 | 0.00% |
Horizon Bank Ssb lent most frequently to those with DTI ratios of Exempt%, with 58 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.88%
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 origination93.10%
Horizon Bank Ssb has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 58 | $30,300,000 | $522,414 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 1 | $55,000 | $55,000 |
| Single Family (1-4 Units):Site-Built | 57 | $30,245,000 | $530,614 |
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Horizon Financial Group, Inc. | FHA mortgage | Closing on a mortgage | 1 | 100.0% |