Homebank Texas Mortgage Rates, Fees & Info
Seagoville, TXLEI: 549300I72FXKCNGRQC43
Tax ID: 75-0843507
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Mortgage Data
Review & Overview
Homebank Texas is a smaller bank specializing in Home Purchase loans. Homebank Texas has a high proportion of conventional loans. Their top markets by origination volume include: Dallas, Edwards, Montrose, Sherman, and Sulphur Springs among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)Homebank Texas 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
55Origination Dollar Volume (All Markets)
$27,485,000Top 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 |
|---|---|---|---|---|---|
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 33 | $18,665,000 | $565,606 | $0 | 0.00% |
| Outside of Metro Areas | 14 | $4,470,000 | $319,286 | $0 | 0.00% |
| Edwards, CO (FHA|USDA|VA) | 1 | $1,755,000 | $1,755,000 | $0 | 0.00% |
| Montrose, CO (FHA|USDA|VA) | 1 | $1,445,000 | $1,445,000 | $0 | 0.00% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 1 | $615,000 | $615,000 | $0 | 0.00% |
| Sulphur Springs, TX (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 0.00% |
| Rockport, TX (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 0.00% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 0.00% |
| MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
| Athens, TX (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 55 | $27,485,000 | $499,727 | $0 | 0.00% |
For 2023, Homebank Texas's most frequently originated type of loan was Conventional, with 55 originations.
Loan Reason
For 2023, Homebank Texas's most frequently cited loan purpose was Home Purchase, with 45 originations. The 2nd most popular reason was Other, with 3 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 55 | $27,485,000 | $499,727 | $0 | 0.00% |
For 2023, Homebank Texas's most frequently cited loan duration was Other, with 55 originations.
Loan Sizing
2023 saw Homebank Texas place emphasis on $100k-200k loans with 15 originations, totaling $2,155,000 in origination value.
Applicant Income
Homebank Texas lent most frequently to those with incomes in the $250k+ range, with 17 originations. The second most popular income band? $150k-250k, with 6 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 55 | $27,485,000 | $499,727 | $0 | 0.00% |
Homebank Texas lent most frequently to those with DTI ratios of Exempt%, with 55 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications92.13%
Homebank Texas has an average approval rate.
Pick Rate
Approvals leading to origination50.91%
Homebank Texas 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 | 55 | $27,485,000 | $499,727 |