Homebank Texas Mortgage Rates, Fees & Info
Seagoville, TXLEI: 549300I72FXKCNGRQC43
Tax ID: 75-0843507
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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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, Crestview, Bremerton, Sherman, and Austin 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
91Origination Dollar Volume (All Markets)
$42,315,000Top 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) | 73 | $33,715,000 | $461,849 | $0 | 0.00% |
| Outside of Metro Areas | 5 | $3,425,000 | $685,000 | $0 | 0.00% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $1,355,000 | $1,355,000 | $0 | 0.00% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 1 | $1,175,000 | $1,175,000 | $0 | 0.00% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 2 | $830,000 | $415,000 | $0 | 0.00% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $705,000 | $705,000 | $0 | 0.00% |
| Athens, TX (FHA|USDA|VA) | 5 | $555,000 | $111,000 | $0 | 0.00% |
| Stephenville, TX (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $0 | 0.00% |
| Jacksonville, TX (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
| Rockport, 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 | 91 | $42,315,000 | $465,000 | $0 | 0.00% |
For 2022, Homebank Texas's most frequently originated type of loan was Conventional, with 91 originations.
Loan Reason
For 2022, Homebank Texas's most frequently cited loan purpose was Home Purchase, with 67 originations. The 2nd most popular reason was Cash Out Refi, with 13 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 91 | $42,315,000 | $465,000 | $0 | 0.00% |
For 2022, Homebank Texas's most frequently cited loan duration was Other, with 91 originations.
Loan Sizing
2022 saw Homebank Texas place emphasis on $200k-400k loans with 36 originations, totaling $9,580,000 in origination value.
Applicant Income
Homebank Texas lent most frequently to those with incomes in the $250k+ range, with 23 originations. The second most popular income band? $150k-250k, with 12 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 91 | $42,315,000 | $465,000 | $0 | 0.00% |
Homebank Texas lent most frequently to those with DTI ratios of Exempt%, with 91 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.49%
Homebank Texas has an average approval rate.
Pick Rate
Approvals leading to origination68.13%
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 | 91 | $42,315,000 | $465,000 |
Complaints
| Bank Name | Product | Issue | 2022 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Home Point Financial Corporation | Conventional home mortgage | Closing on a mortgage | 1 | 20.0% |
| Home Point Financial Corporation | Conventional home mortgage | Incorrect information on your report | 1 | 20.0% |
| Home Point Financial Corporation | Conventional home mortgage | Struggling to pay mortgage | 1 | 20.0% |
| Home Point Financial Corporation | Conventional home mortgage | Trouble during payment process | 1 | 20.0% |
| Home Point Financial Corporation | VA mortgage | Trouble during payment process | 1 | 20.0% |