Texas State Bank Mortgage Rates, Fees & Info
San Angelo, TXLEI: 549300JF52QHLC8BF081
Tax ID: 75-1095233
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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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
72Origination Dollar Volume (All Markets)
$8,260,000Top 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 |
|---|---|---|---|---|---|
| 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% |
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
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
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
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
Approval Rates
Total approvals of all applications95.06%
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 origination93.06%
Texas State Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 72 | $8,260,000 | $114,722 |