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 loans. Homebank Texas has a high proportion of conventional loans. Their top markets by origination volume include: Dallas, Boulder, Corpus Christi, Vernon, and Athens among others. We have data for 7 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

    111

    Origination Dollar Volume (All Markets)

    $18,265,000

    Employee count

    40

    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) 104 $16,750,000 $161,058 $0 0.00%
    Outside of Metro Areas 2 $500,000 $250,000 $0 0.00%
    BOULDER, CO (FHA|USDA|VA) 1 $325,000 $325,000 $0 0.00%
    CORPUS CHRISTI, TX (FHA|USDA|VA) 1 $255,000 $255,000 $0 0.00%
    Vernon, TX (FHA|USDA|VA) 1 $195,000 $195,000 $0 0.00%
    Athens, TX (FHA|USDA|VA) 1 $165,000 $165,000 $0 0.00%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $75,000 $75,000 $0 0.00%
    Homebank Texas's top markets include Dallas, Boulder, Corpus Christi, Vernon, and Athens among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 111 $18,265,000 $164,550 $0 0.00%

    For 2019, Homebank Texas's most frequently originated type of loan was Conventional, with 111 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 85 $15,115,000 $177,824 $0 0.00%
    Refi 14 $1,510,000 $107,857 $0 0.00%
    Cash Out Refi 7 $1,095,000 $156,429 $0 0.00%
    Home Improvement 5 $545,000 $109,000 $0 0.00%

    For 2019, Homebank Texas's most frequently cited loan purpose was Home Purchase, with 85 originations. The 2nd most popular reason was Refi, with 14 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 111 $18,265,000 $164,550 $0 0.00%

    For 2019, Homebank Texas's most frequently cited loan duration was Other, with 111 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 43 $5,775,000 $134,302 $0 0.00%
    $100,000 or less 42 $2,880,000 $68,571 $0 0.00%
    $200k-400k 19 $5,105,000 $268,684 $0 0.00%
    $400k-600k 4 $1,900,000 $475,000 $0 0.00%
    $600k-1MM 2 $1,590,000 $795,000 $0 0.00%
    $1MM+ 1 $1,015,000 $1,015,000 $0 0.00%

    2019 saw Homebank Texas place emphasis on $100k-200k loans with 43 originations, totaling $5,775,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 20 $4,960,000 $248,000 $0 0.00%
    $150k-250k 10 $1,880,000 $188,000 $0 0.00%
    $100k-150k 7 $855,000 $122,143 $0 0.00%
    $75k-100k 7 $1,205,000 $172,143 $0 0.00%
    $50k or less 5 $465,000 $93,000 $0 0.00%
    $50k-75k 1 $325,000 $325,000 $0 0.00%

    Homebank Texas lent most frequently to those with incomes in the $250k+ range, with 20 originations. The second most popular income band? $150k-250k, with 10 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 111 $18,265,000 $164,550 $0 0.00%

    Homebank Texas lent most frequently to those with DTI ratios of Exempt%, with 111 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 42 $9,110,000 $216,905 $0 0.00%
    Not applicable 58 $8,150,000 $140,517 $0 0.00%
    Asian 3 $515,000 $171,667 $0 0.00%
    Black 5 $375,000 $75,000 $0 0.00%
    Asian Indian 3 $115,000 $38,333 $0 0.00%

    Approval Rates

    Total approvals of all applications
    90.48%

    Homebank Texas has an average approval rate.

    Pick Rate

    Approvals leading to origination
    80.18%

    Homebank Texas has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 111 $18,265,000 $164,550

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 111 $18,265,000 $164,550

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    HOME BANCSHARES, INC. Other type of mortgage Trouble during payment process 1 100.0%

    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 $34,383
    HomeBank Texas 3637 North Buckner Boulevard Dallas, TX 75228 Full Service B&M $22,530
    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 $109,264

    For 2019, Homebank Texas had 4 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $9,965
    Net interest income $8,858
    Total noninterest income $742
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $347
    Trading account gains and fees $0
    Additional Noninterest Income $395
    Pre-tax net operating income $4,147
    Securities gains (or losses, -) $0
    Income before extraordinary items $4,147
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $4,147
    Minority interest net income $0
    Net income $4,147
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $4,147

    Homebank Texas's gross interest income from loans was $9,965,000.
    Homebank Texas's net interest income from loans was $8,858,000.
    Homebank Texas's fee based income from loans was $347,000.
    Homebank Texas's net income from loans was $4,147,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,107
    Provision for credit losses $240
    Total noninterest expense $5,213
    Salaries and employee benefits $3,272
    Premises and equipment expense $457
    Additional noninterest expense $1,484
    Applicable income taxes $0
    Net charge-offs $0
    Cash dividends $2,518

    Homebank Texas's interest expense for loans was $1,107,000.
    Homebank Texas's payroll and benefits expense were $3,272,000.
    Homebank Texas's property, plant and equipment expenses $457,000.

    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 $174,151
    Deposits held in domestic offices $174,151
    Deposits by Individuals, partnerships, and corporations $168,193
    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. $5,520
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $91,314
    Demand deposits $77,105
    Nontransaction accounts $82,837
    Money market deposit accounts (MMDAs) $26,415
    Other savings deposits (excluding MMDAs) $11,422
    Total time deposits $45,000
    Total time and savings deposits $97,046
    Noninterest-bearing deposits $77,105
    Interest-bearing deposits $97,046
    Retail deposits $161,227
    IRAs and Keogh plan accounts $7,231
    Brokered deposits $3,000
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $201,434
    Cash & Balances due from depository institutions $17,526
    Interest-bearing balances $12,381
    Total securities $11,330
    Federal funds sold & reverse repurchase $10,046
    Net loans and leases $155,319
    Loan and leases loss allowance $2,482
    Trading account assets $0
    Bank premises and fixed assets $2,345
    Other real estate owned $0
    Goodwill and other intangibles $703
    All other assets $4,165

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $201,434
    Total Liabilities $178,828
    Total deposits $174,151
    Interest-bearing deposits $97,046
    Deposits held in domestic offices $174,151
    % insured (estimated) $73
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $4,000
    Subordinated debt $0
    All other liabilities $677

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $155,319
    Loan and leases loss allowance $2,482
    Total loans and leases (domestic) $157,801
    All real estate loans $134,381
    Real estate loans in domestic offices $134,381
    Construction and development loans $21,741
    Residential 1-4 family construction $5,750
    Other construction, all land development and other land $15,991
    Loans secured by nonfarm nonresidential properties $44,900
    Nonfarm nonresidential secured by owner-occupied properties $26,487
    Commercial real estate & other non-farm, non-residential $18,413
    Multifamily residential real estate $4,527
    1-4 family residential loans $57,475
    Farmland loans $5,738
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $21,012
    To non-U.S. addressees $0
    Loans to individuals $2,047
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $483
    Other loans to individuals $1,564
    All other loans & leases $361
    Loans to foreign governments and official institutions $0
    Other loans $3
    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 $6
    Non 1-4 family restructured loans & leases $6
    Total loans and leases (foreign) $0

    HomeBank Texas had $155,319,000 of loans outstanding in 2019. $134,381,000 of loans were in real estate loans. $21,741,000 of loans were in development loans. $4,527,000 of loans were in multifamily mortgage loans. $57,475,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $483,000 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 108 $25,357 $234,787
    Nonfarm, nonresidential loans - <$100k 21 $1,243 $59,190
    Nonfarm, nonresidential loans - $100-250k 34 $4,753 $139,794
    Nonfarm, nonresidential loans - $250k-1MM 53 $19,361 $365,302
    Commercial & Industrial, US addressed loans - <$1MM 143 $15,599 $109,084
    Commercial & Industrial, US addressed loans - <$100k 99 $3,462 $34,970
    Commercial & Industrial, US addressed loans - $100-250k 17 $2,626 $154,471
    Commercial & Industrial, US addressed loans - $250k-1MM 27 $9,511 $352,259
    Farmland loans - <$1MM 17 $2,768 $162,824
    Farmland loans - <$100k 5 $260 $52,000
    Farmland loans - $100-250k 8 $1,235 $154,375
    Farmland loans - $250k-1MM 4 $1,273 $318,250