Texas State Bank Mortgage Rates, Fees & Info

San Angelo, TX

LEI: 549300JF52QHLC8BF081

Tax ID: 75-1095233

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Mortgage Data

Review & Overview

Texas State Bank is a smaller bank specializing in Home Purchase loans. Texas State Bank has a high proportion of conventional loans. Their top markets by origination volume include: San Angelo, Stephenville, Abilene, San Antonio, and Rockport among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)

Texas State Bank 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

69

Origination Dollar Volume (All Markets)

$28,995,000

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
SAN ANGELO, TX (FHA|USDA|VA) 59 $21,405,000 $362,797 $0 0.00%
Outside of Metro Areas 3 $4,435,000 $1,478,333 $0 0.00%
Stephenville, TX (FHA|USDA|VA) 1 $1,675,000 $1,675,000 $0 0.00%
ABILENE, TX (FHA|USDA|VA) 2 $710,000 $355,000 $0 0.00%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $245,000 $245,000 $0 0.00%
Rockport, TX (FHA|USDA|VA) 1 $215,000 $215,000 $0 0.00%
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 1 $215,000 $215,000 $0 0.00%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $95,000 $95,000 $0 0.00%
Texas State Bank's top markets include San Angelo, Stephenville, Abilene, San Antonio, and Rockport among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 69 $28,995,000 $420,217 $0 0.00%

    For 2023, Texas State Bank's most frequently originated type of loan was Conventional, with 69 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 45 $23,855,000 $530,111 $0 0.00%
    Home Improvement 7 $355,000 $50,714 $0 0.00%
    Refi 7 $4,025,000 $575,000 $0 0.00%
    Other 6 $330,000 $55,000 $0 0.00%
    Cash Out Refi 4 $430,000 $107,500 $0 0.00%

    For 2023, Texas State Bank's most frequently cited loan purpose was Home Purchase, with 45 originations. The 2nd most popular reason was Home Improvement, with 7 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 69 $28,995,000 $420,217 $0 0.00%

    For 2023, Texas State Bank's most frequently cited loan duration was Other, with 69 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 20 $1,090,000 $54,500 $0 0.00%
    $200k-400k 17 $4,385,000 $257,941 $0 0.00%
    $100k-200k 11 $1,465,000 $133,182 $0 0.00%
    $400k-600k 11 $5,055,000 $459,545 $0 0.00%
    $1MM+ 7 $14,915,000 $2,130,714 $0 0.00%
    $600k-1MM 3 $2,085,000 $695,000 $0 0.00%

    2023 saw Texas State Bank place emphasis on $100,000 or less loans with 20 originations, totaling $1,090,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 12 $8,170,000 $680,833 $0 0.00%
    $100k-150k 11 $1,955,000 $177,727 $0 0.00%
    $50k or less 8 $390,000 $48,750 $0 0.00%
    $75k-100k 7 $1,405,000 $200,714 $0 0.00%
    $150k-250k 6 $1,810,000 $301,667 $0 0.00%
    $50k-75k 6 $900,000 $150,000 $0 0.00%

    Texas State Bank lent most frequently to those with incomes in the $250k+ range, with 12 originations. The second most popular income band? $100k-150k, with 11 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 69 $28,995,000 $420,217 $0 0.00%

    Texas State Bank lent most frequently to those with DTI ratios of Exempt%, with 69 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 19 $14,365,000 $756,053 $0 0.00%
    White 49 $14,345,000 $292,755 $0 0.00%
    Asian 1 $285,000 $285,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    96.05%

    Texas State Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    94.20%

    Texas State Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 69 $28,995,000 $420,217

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    69 $28,995,000 $420,217