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, Midland, Fredericksburg, and Lubbock among others. We have data for 5 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

72

Origination Dollar Volume (All Markets)

$8,260,000

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) 64 $6,990,000 $109,219 $0 0.00%
MIDLAND, TX (FHA|USDA|VA) 2 $530,000 $265,000 $0 0.00%
Outside of Metro Areas 4 $520,000 $130,000 $0 0.00%
Fredericksburg, TX (FHA|USDA|VA) 1 $115,000 $115,000 $0 0.00%
LUBBOCK, TX (FHA|USDA|VA) 1 $105,000 $105,000 $0 0.00%
Texas State Bank's top markets include San Angelo, Midland, Fredericksburg, and Lubbock among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 72 $8,260,000 $114,722 $0 0.00%

    For 2018, Texas State Bank's most frequently originated type of loan was Conventional, with 72 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 33 $5,205,000 $157,727 $0 0.00%
    Cash Out Refi 17 $1,525,000 $89,706 $0 0.00%
    Refi 13 $1,025,000 $78,846 $0 0.00%
    Home Improvement 5 $165,000 $33,000 $0 0.00%
    Other 4 $340,000 $85,000 $0 0.00%

    For 2018, Texas State Bank's most frequently cited loan purpose was Home Purchase, with 33 originations. The 2nd most popular reason was Cash Out Refi, with 17 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 72 $8,260,000 $114,722 $0 0.00%

    For 2018, Texas State Bank's most frequently cited loan duration was Other, with 72 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 36 $1,910,000 $53,056 $0 0.00%
    $100k-200k 24 $3,180,000 $132,500 $0 0.00%
    $200k-400k 11 $2,765,000 $251,364 $0 0.00%
    $400k-600k 1 $405,000 $405,000 $0 0.00%

    2018 saw Texas State Bank place emphasis on $100,000 or less loans with 36 originations, totaling $1,910,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 24 $2,750,000 $114,583 $0 0.00%
    $50k-75k 9 $665,000 $73,889 $0 0.00%
    $50k or less 9 $705,000 $78,333 $0 0.00%
    $100k-150k 8 $880,000 $110,000 $0 0.00%
    $75k-100k 7 $1,245,000 $177,857 $0 0.00%
    $250k+ 4 $390,000 $97,500 $0 0.00%

    Texas State Bank lent most frequently to those with incomes in the $150k-250k range, with 24 originations. The second most popular income band? $50k-75k, with 9 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 72 $8,260,000 $114,722 $0 0.00%

    Texas State Bank lent most frequently to those with DTI ratios of Exempt%, with 72 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 60 $6,600,000 $110,000 $0 0.00%
    Not applicable 11 $1,625,000 $147,727 $0 0.00%
    Not provided 1 $35,000 $35,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    95.06%

    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
    93.06%

    Texas State Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 72 $8,260,000 $114,722

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 2 $560,000 $280,000
    Single Family (1-4 Units):Manufactured 1 $105,000 $105,000
    Single Family (1-4 Units):Site-Built 69 $7,595,000 $110,072