Pointbank Mortgage Rates, Fees & Info
Pilot Point, TXLEI: 549300JODTD5ROHSII79
Tax ID: 75-0497350
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Mortgage Data
Review & Overview
Pointbank is a smaller bank specializing in Home Purchase loans. Pointbank has a high proportion of conventional loans. Their top markets by origination volume include: Dallas, Gainesville, Crestview, and Sherman among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)Pointbank has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Pointbank is typically a high fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.
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Originations
33Origination Dollar Volume (All Markets)
$12,225,000Top 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) | 29 | $10,465,000 | $360,862 | $10,282 | 5.68% |
| Gainesville, TX (FHA|USDA|VA) | 2 | $800,000 | $400,000 | $11,362 | 5.13% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $635,000 | $635,000 | $9,261 | 4.75% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $8,728 | 5.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 33 | $12,225,000 | $370,455 | $10,255 | 5.60% |
For 2019, Pointbank's most frequently originated type of loan was Conventional, with 33 originations.
Loan Reason
For 2019, Pointbank's most frequently cited loan purpose was Home Purchase, with 25 originations. The 2nd most popular reason was Refi, with 6 originations.
Loan Duration/Length
For 2019, Pointbank's most frequently cited loan duration was Other, with 10 originations. The 2nd most popular length was 30 Year, with 9 originations.
Origination Fees/Closing Costs
Pointbank's average total fees were $11,538, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 4 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 5-6% | 11 | $3,975,000 | $361,364 |
| 4-5% | 8 | $3,340,000 | $417,500 |
| 6-7% | 8 | $1,910,000 | $238,750 |
| 3-4% | 4 | $2,420,000 | $605,000 |
| 7-8% | 2 | $580,000 | $290,000 |
During 2019, Pointbank's average interest rate for loans was 4.59%, while their most frequently originated rate bucket for loans was 5-6%, with 11 originations.
Loan Sizing
2019 saw Pointbank place emphasis on $200k-400k loans with 8 originations, totaling $2,150,000 in origination value.
Applicant Income
Pointbank lent most frequently to those with incomes in the $250k+ range, with 6 originations. The second most popular income band? $100k-150k, with 3 originations.
Applicant Debt to Income Ratio
Pointbank lent most frequently to those with DTI ratios of >60%, with 4 originations. The next most common DTI ratio? 49%, with 3 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications76.40%
Pointbank has a below average approval rate.
Pick Rate
Approvals leading to origination24.24%
Pointbank 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 |
|---|---|---|---|
| NA | 33 | $12,225,000 | $370,455 |