Homebank Texas Mortgage Rates, Fees & Info

Seagoville, TX

LEI: 549300I72FXKCNGRQC43

Tax ID: 75-0843507

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Mortgage Data

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

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • Review & Overview

    Homebank Texas is a smaller bank specializing in Home Purchase and Refi loans. Homebank Texas has a high proportion of conventional loans. Their top markets by origination volume include: Dallas, Sherman, Athens, Corsicana, and Bonham among others. We have data for 8 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.

    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.

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    Originations

    150

    Origination Dollar Volume (All Markets)

    $36,220,000

    Employee count

    41

    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) 137 $28,605,000 $208,796 $5,771 5.89%
    Outside of Metro Areas 4 $5,640,000 $1,410,000 $5,267 5.81%
    SHERMAN-DENISON, TX (FHA|USDA|VA) 1 $695,000 $695,000 $0 5.50%
    Athens, TX (FHA|USDA|VA) 3 $615,000 $205,000 $3,010 5.27%
    Corsicana, TX (FHA|USDA|VA) 1 $255,000 $255,000 $0 5.75%
    Bonham, TX (FHA|USDA|VA) 2 $150,000 $75,000 $0 6.00%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $145,000 $145,000 $0 5.50%
    OKLAHOMA CITY, OK (FHA|USDA|VA) 1 $115,000 $115,000 $0 6.25%
    Homebank Texas's top markets include Dallas, Sherman, Athens, Corsicana, and Bonham among others.

    Their top states include:
  • Texas (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • Oklahoma (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 149 $36,065,000 $242,047 $5,427 5.88%
    HELOC 1 $155,000 $155,000 n/a 5.35%

    For 2018, Homebank Texas's most frequently originated type of loan was Conventional, with 149 originations. Their 2nd most popular type was HELOC, with 1 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 130 $24,850,000 $191,154 $5,516 5.90%
    Refi 17 $10,575,000 $622,059 $4,462 5.74%
    Home Improvement 2 $340,000 $170,000 $4,521 5.75%
    Cash Out Refi 1 $455,000 $455,000 $10,031 5.25%

    For 2018, Homebank Texas's most frequently cited loan purpose was Home Purchase, with 130 originations. The 2nd most popular reason was Refi, with 17 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 44 $13,260,000 $301,364 $6,369 6.00%
    10 Year 42 $10,030,000 $238,810 $8,853 5.98%
    20 Year 31 $5,565,000 $179,516 $6,288 5.73%
    5 Year 19 $4,445,000 $233,947 $2,970 5.70%
    15 Year 10 $1,840,000 $184,000 $4,943 5.58%
    1 Year 4 $1,080,000 $270,000 $0 6.00%

    For 2018, Homebank Texas's most frequently cited loan duration was Other, with 44 originations. The 2nd most popular length was 10 Year, with 42 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 10 $1,770,000 $177,000
    $1k-2k 4 $850,000 $212,500
    $4k-5k 2 $920,000 $460,000
    $5k+ 2 $1,990,000 $995,000
    $3k-4k 1 $395,000 $395,000

    Homebank Texas's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 10 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 117 $24,205,000 $206,880
    6-7% 28 $8,590,000 $306,786
    4-5% 5 $3,425,000 $685,000

    During 2018, Homebank Texas's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 5-6%, with 117 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 57 $8,285,000 $145,351 $4,298 5.91%
    $100,000 or less 38 $2,510,000 $66,053 $2,393 5.89%
    $200k-400k 36 $9,580,000 $266,111 $6,103 5.90%
    $400k-600k 11 $4,935,000 $448,636 $7,899 5.75%
    $1MM+ 4 $8,010,000 $2,002,500 $9,172 5.63%
    $600k-1MM 4 $2,900,000 $725,000 $10,192 5.38%

    2018 saw Homebank Texas place emphasis on $100k-200k loans with 57 originations, totaling $8,285,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 11 $3,615,000 $328,636 $3,497 5.57%
    $50k or less 9 $795,000 $88,333 $2,313 5.97%
    $75k-100k 8 $1,380,000 $172,500 $7,582 5.88%
    $250k+ 7 $2,305,000 $329,286 $11,523 5.96%
    $150k-250k 5 $2,145,000 $429,000 $8,123 5.55%
    $50k-75k 4 $460,000 $115,000 $3,995 5.75%

    Homebank Texas lent most frequently to those with incomes in the $100k-150k range, with 11 originations. The second most popular income band? $50k or less, with 9 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    >60% 12 $3,060,000 $255,000 $8,622 5.85%
    20-30% 9 $3,125,000 $347,222 $5,026 5.63%
    30-36% 7 $1,665,000 $237,857 $5,205 5.82%
    <20% 6 $550,000 $91,667 $2,015 5.89%
    50-60% 3 $555,000 $185,000 $3,112 5.83%
    39% 2 $90,000 $45,000 $2,462 5.88%
    38% 1 $465,000 $465,000 $9,036 6.00%
    48% 1 $395,000 $395,000 $8,534 5.75%
    36% 1 $65,000 $65,000 $2,908 5.50%
    42% 1 $685,000 $685,000 $6,375 4.75%
    41% 1 $45,000 $45,000 $0 6.25%

    Homebank Texas lent most frequently to those with DTI ratios of >60%, with 12 originations. The next most common DTI ratio? 20-30%, with 9 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 105 $25,105,000 $239,095 $0 5.92%
    White 42 $9,410,000 $224,048 $5,587 5.76%
    Asian 1 $1,505,000 $1,505,000 $0 6.00%
    Black 1 $145,000 $145,000 $0 6.00%
    American Indian 1 $55,000 $55,000 $2,545 5.75%

    Approval Rates

    Total approvals of all applications
    93.48%

    Homebank Texas has an average approval rate.

    Pick Rate

    Approvals leading to origination
    85.33%

    Homebank Texas has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 150 $36,220,000 $241,467

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 5 $935,000 $187,000
    Single Family (1-4 Units):Site-Built 145 $35,285,000 $243,345

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 5 $635,000 $127,000 $2,188 5.75%
    40-60% 27 $7,715,000 $285,741 $2,545 5.94%
    60-80% 104 $25,120,000 $241,538 $5,632 5.86%
    80-100% 13 $2,445,000 $188,077 $8,463 5.94%
    Under 20% 1 $305,000 $305,000 $6,664 5.50%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    HOME BANCSHARES, INC. Other type of mortgage Trouble during payment process 3 75.0%
    HOME BANCSHARES, INC. Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 25.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    HomeBank Texas 105 East Ralph Hall Pkwy Rockwall, TX 75032 Full Service B&M $30,732
    HomeBank Texas 3637 North Buckner Boulevard Dallas, TX 75228 Full Service B&M $21,763
    HomeBank Texas 401 Glendale Street Seagoville, TX 75159 Limited, Drive-thru $0
    HomeBank Texas 601 North Highway 175 Seagoville, TX 75159 Full Service B&M $104,643

    For 2018, Homebank Texas had 4 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $9,352
    Net interest income $8,655
    Total noninterest income $746
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $366
    Trading account gains and fees $0
    Additional Noninterest Income $380
    Pre-tax net operating income $4,009
    Securities gains (or losses, -) $0
    Income before extraordinary items $4,009
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $4,009
    Minority interest net income $0
    Net income $4,009
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $4,009

    Homebank Texas's gross interest income from loans was $9,352,000.
    Homebank Texas's net interest income from loans was $8,655,000.
    Homebank Texas's fee based income from loans was $366,000.
    Homebank Texas's net income from loans was $4,009,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $697
    Provision for credit losses $295
    Total noninterest expense $5,097
    Salaries and employee benefits $3,110
    Premises and equipment expense $458
    Additional noninterest expense $1,529
    Applicable income taxes $0
    Net charge-offs $0
    Cash dividends $1,123

    Homebank Texas's interest expense for loans was $697,000.
    Homebank Texas's payroll and benefits expense were $3,110,000.
    Homebank Texas's property, plant and equipment expenses $458,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 0.0%
    Real Estate loans 0.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 0.0%
    HELOC loans 0.0%
    All other family 0.0%
    Commercial & industrial loans 0.0%
    Personal loans 0.0%
    Credit card loans 0.0%
    Other individual loans 0.0%
    Auto loans 0.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $159,861
    Deposits held in domestic offices $159,861
    Deposits by Individuals, partnerships, and corporations $159,115
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $438
    Deposits by Commercial banks and other depository institutions in U.S. $309
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $86,021
    Demand deposits $72,811
    Nontransaction accounts $73,841
    Money market deposit accounts (MMDAs) $28,222
    Other savings deposits (excluding MMDAs) $10,555
    Total time deposits $35,063
    Total time and savings deposits $87,051
    Noninterest-bearing deposits $72,811
    Interest-bearing deposits $87,050
    Retail deposits $146,377
    IRAs and Keogh plan accounts $7,315
    Brokered deposits $8,026
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $189,096
    Cash & Balances due from depository institutions $7,289
    Interest-bearing balances $1,957
    Total securities $13,451
    Federal funds sold & reverse repurchase $4,583
    Net loans and leases $156,662
    Loan and leases loss allowance $2,242
    Trading account assets $0
    Bank premises and fixed assets $2,224
    Other real estate owned $0
    Goodwill and other intangibles $703
    All other assets $4,184

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $189,096
    Total Liabilities $168,477
    Total deposits $159,861
    Interest-bearing deposits $87,050
    Deposits held in domestic offices $159,861
    % insured (estimated) $71
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $8,000
    Subordinated debt $0
    All other liabilities $616

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $156,662
    Loan and leases loss allowance $2,242
    Total loans and leases (domestic) $158,904
    All real estate loans $139,005
    Real estate loans in domestic offices $139,005
    Construction and development loans $15,346
    Residential 1-4 family construction $5,855
    Other construction, all land development and other land $9,491
    Loans secured by nonfarm nonresidential properties $49,744
    Nonfarm nonresidential secured by owner-occupied properties $29,352
    Commercial real estate & other non-farm, non-residential $20,392
    Multifamily residential real estate $4,088
    1-4 family residential loans $63,815
    Farmland loans $6,012
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $17,364
    To non-U.S. addressees $0
    Loans to individuals $2,140
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $580
    Other loans to individuals $1,560
    All other loans & leases $395
    Loans to foreign governments and official institutions $0
    Other loans $8
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $0
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $17
    Non 1-4 family restructured loans & leases $17
    Total loans and leases (foreign) $0

    HomeBank Texas had $156,662,000 of loans outstanding in 2018. $139,005,000 of loans were in real estate loans. $15,346,000 of loans were in development loans. $4,088,000 of loans were in multifamily mortgage loans. $63,815,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $580,000 of loans were in the auto loan category.

    Small Business Loans

    Categorization # of Loans in Category $ amount of loans (in 000's) Average $/loan
    Nonfarm, nonresidential loans - <$1MM 100 $25,221 $252,210
    Nonfarm, nonresidential loans - <$100k 19 $1,253 $65,947
    Nonfarm, nonresidential loans - $100-250k 29 $3,887 $134,034
    Nonfarm, nonresidential loans - $250k-1MM 52 $20,081 $386,173
    Commercial & Industrial, US addressed loans - <$1MM 137 $14,997 $109,467
    Commercial & Industrial, US addressed loans - <$100k 95 $3,615 $38,053
    Commercial & Industrial, US addressed loans - $100-250k 20 $2,118 $105,900
    Commercial & Industrial, US addressed loans - $250k-1MM 22 $9,264 $421,091
    Farmland loans - <$1MM 18 $2,940 $163,333
    Farmland loans - <$100k 6 $363 $60,500
    Farmland loans - $100-250k 8 $1,164 $145,500
    Farmland loans - $250k-1MM 4 $1,413 $353,250