Texas Security Bank Mortgage Rates, Fees & Info
Dallas, TXLEI: 549300JL3TGNE3Y7PE33
Tax ID: 26-2413396
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Texas Security Bank is a smaller bank specializing in Home Purchase loans. Texas Security Bank has a high proportion of conventional loans. Their top markets by origination volume include: Dallas, Crestview, Steamboat Springs, Sherman, and San Antonio among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)Texas Security 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
138Origination Dollar Volume (All Markets)
$91,660,000Top 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) | 118 | $77,930,000 | $660,424 | $0 | 0.00% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 5 | $5,405,000 | $1,081,000 | $0 | 0.00% |
| Steamboat Springs, CO (FHA|USDA|VA) | 1 | $2,815,000 | $2,815,000 | $0 | 0.00% |
| Outside of Metro Areas | 4 | $2,010,000 | $502,500 | $0 | 0.00% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 2 | $870,000 | $435,000 | $0 | 0.00% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 2 | $720,000 | $360,000 | $0 | 0.00% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 2 | $690,000 | $345,000 | $0 | 0.00% |
| WILMINGTON, NC (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $0 | 0.00% |
| Boone, NC (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $0 | 0.00% |
| Fredericksburg, TX (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 138 | $91,660,000 | $664,203 | $0 | 0.00% |
For 2022, Texas Security Bank's most frequently originated type of loan was Conventional, with 138 originations.
Loan Reason
For 2022, Texas Security Bank's most frequently cited loan purpose was Home Purchase, with 104 originations. The 2nd most popular reason was Cash Out Refi, with 14 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 138 | $91,660,000 | $664,203 | $0 | 0.00% |
For 2022, Texas Security Bank's most frequently cited loan duration was Other, with 138 originations.
Loan Sizing
2022 saw Texas Security Bank place emphasis on $200k-400k loans with 43 originations, totaling $12,765,000 in origination value.
Applicant Income
Texas Security Bank lent most frequently to those with incomes in the $250k+ range, with 55 originations. The second most popular income band? $150k-250k, with 28 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 138 | $91,660,000 | $664,203 | $0 | 0.00% |
Texas Security Bank lent most frequently to those with DTI ratios of Exempt%, with 138 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.08%
Texas Security 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 origination96.38%
Texas Security Bank has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 138 | $91,660,000 | $664,203 |