Pointbank Mortgage Rates, Fees & Info

Pilot Point, TX

LEI: 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

33

Origination Dollar Volume (All Markets)

$12,225,000

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
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%
Pointbank's top markets include Dallas, Gainesville, Crestview, and Sherman among others.

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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 25 $9,635,000 $385,400 $12,143 5.57%
    Refi 6 $2,400,000 $400,000 $5,533 5.39%
    Home Improvement 2 $190,000 $95,000 $3,645 6.52%

    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

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 10 $1,820,000 $182,000 $0 6.15%
    30 Year 9 $5,705,000 $633,889 $11,538 4.59%
    20 Year 4 $1,120,000 $280,000 $3,645 6.32%
    30+ year 4 $2,040,000 $510,000 $10,801 5.38%
    10 Year 2 $280,000 $140,000 $0 6.14%
    15 Year 2 $150,000 $75,000 $3,129 5.15%
    1 Year 1 $595,000 $595,000 $0 6.00%
    5 Year 1 $515,000 $515,000 $0 6.54%

    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

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 4 $4,350,000 $1,087,500
    $1k-2k 3 $875,000 $291,667
    $3k-4k 3 $1,435,000 $478,333
    $<1k 2 $150,000 $75,000
    $2k-3k 2 $760,000 $380,000
    $4k-5k 1 $325,000 $325,000

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 8 $2,150,000 $268,750 $7,020 6.02%
    $100,000 or less 7 $525,000 $75,000 $3,387 5.70%
    $400k-600k 7 $3,605,000 $515,000 $9,602 5.43%
    $100k-200k 6 $900,000 $150,000 $4,891 5.63%
    $600k-1MM 3 $2,245,000 $748,333 $14,400 5.43%
    $1MM+ 2 $2,800,000 $1,400,000 $23,432 4.25%

    2019 saw Pointbank place emphasis on $200k-400k loans with 8 originations, totaling $2,150,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 6 $5,640,000 $940,000 $18,916 5.13%
    $100k-150k 3 $1,125,000 $375,000 $10,484 5.08%
    $50k-75k 3 $475,000 $158,333 $4,525 4.33%
    $150k-250k 2 $1,030,000 $515,000 $8,576 5.75%
    $50k or less 2 $750,000 $375,000 $7,516 5.15%
    $75k-100k 1 $65,000 $65,000 $3,645 6.75%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    >60% 4 $1,840,000 $460,000 $10,818 5.20%
    49% 3 $2,495,000 $831,667 $19,207 5.25%
    40% 2 $850,000 $425,000 $5,555 5.65%
    <20% 2 $720,000 $360,000 $6,195 4.38%
    20-30% 2 $1,640,000 $820,000 $11,694 5.00%
    41% 1 $325,000 $325,000 $8,728 5.00%
    43% 1 $975,000 $975,000 $19,539 5.25%
    37% 1 $65,000 $65,000 $3,645 6.75%
    50-60% 1 $175,000 $175,000 $4,891 4.00%
    30-36% 1 $245,000 $245,000 $4,816 4.55%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 12 $6,160,000 $513,333 $10,163 5.09%
    Not applicable 15 $2,895,000 $193,000 $0 6.17%
    Not provided 5 $1,985,000 $397,000 $8,195 5.32%
    Other Asian 1 $1,185,000 $1,185,000 $17,435 4.50%

    Approval Rates

    Total approvals of all applications
    76.40%

    Pointbank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    24.24%

    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

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 2 $700,000 $350,000
    Single Family (1-4 Units):Manufactured 1 $515,000 $515,000
    Single Family (1-4 Units):Site-Built 30 $11,010,000 $367,000

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 5 $1,075,000 $215,000 $3,129 5.77%
    40-60% 10 $4,590,000 $459,000 $12,583 5.12%
    60-80% 13 $4,075,000 $313,462 $10,382 6.02%
    80-100% 4 $1,890,000 $472,500 $8,966 5.08%
    Under 20% 1 $595,000 $595,000 $0 6.00%