Texas Trust Mortgage Rates, Fees & Info
Arlington, TXLEI: 549300KKOHQFSTKHSN59
Tax ID: 75-0763606
2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Overview
Texas Trust is a smaller mortgage company specializing in Cash Out Refi and Refi loans. Texas Trust has a high proportion of conventional loans. Their top markets include Dallas, Athens, San Angelo, Houston, and Tyler among others. Texas Trust has an average approval rate for mortages when compared nationally. They have an above average pick rate when compared to the same sample of other lendors. Texas Trust is typically an average fee lendor.Originations
693Origination Dollar Volume (All Markets)
$127,715,000Awards
TEXAS TRUST - 2021
TEXAS TRUST is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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Relative Rate
Texas Trust's average 30 year fixed rate mortgage of loans were
3.2%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of 0.05%.
Relative Fees
Texas Trust's average total fees for a 30 year fixed rate
mortgage are $3,507.
The average total origination fees for 30 year fixed rate mortgages (for all loan values, including
both points & up-front fees in addition to origination fees) are $4,750.
Top Markets
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 615 | $115,095,000 | $187,146 | $3,027 | 2.98% |
| Athens, TX (FHA|USDA|VA) | 19 | $2,685,000 | $141,316 | $2,783 | 2.82% |
| Outside of Metro Areas | 13 | $2,605,000 | $200,385 | $2,248 | 3.26% |
| SAN ANGELO, TX (FHA|USDA|VA) | 17 | $2,315,000 | $136,176 | $2,671 | 3.06% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 3 | $865,000 | $288,333 | $2,712 | 3.04% |
| TYLER, TX (FHA|USDA|VA) | 5 | $855,000 | $171,000 | $2,737 | 2.78% |
| WACO, TX (FHA|USDA|VA) | 2 | $730,000 | $365,000 | $2,783 | 2.81% |
| Granbury, TX (FHA|USDA|VA) | 3 | $525,000 | $175,000 | $2,682 | 3.63% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 3 | $495,000 | $165,000 | $2,590 | 2.54% |
| Corsicana, TX (FHA|USDA|VA) | 3 | $355,000 | $118,333 | $2,060 | 3.08% |
| WICHITA FALLS, TX (FHA|USDA|VA) | 3 | $285,000 | $95,000 | $2,846 | 3.42% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $3,742 | 3.50% |
| LUBBOCK, TX (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,212 | 2.63% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,430 | 2.63% |
| Mineral Wells, TX (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,858 | 3.13% |
| VICTORIA, TX (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $3,006 | 2.75% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $3,147 | 2.38% |
| ODESSA, TX (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $1,800 | 2.88% |
Texas Trust's top markets include Dallas, Athens, San Angelo, Houston, and Tyler among others.
Product Mix
| Loan Type | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Conventional | 693 | $127,715,000 | $184,293 | $2,981 | 2.98% |
For the 2021 period, Texas Trust's most frequently originated loan type of loans were Conventional, with 693 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Cash Out Refi | 442 | $75,640,000 | $171,131 | $2,913 | 3.02% |
| Refi | 148 | $26,760,000 | $180,811 | $2,911 | 2.68% |
| Home Purchase | 103 | $25,315,000 | $245,777 | $3,401 | 3.26% |
For the 2021, Texas Trust's most frequently cited loan purpose of loans were Cash Out Refi, with 442 originations. The 2nd most popular reason of loans were Refi, with 148 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 15 Year | 291 | $45,115,000 | $155,034 | $2,542 | 2.87% |
| 30 Year | 249 | $57,915,000 | $232,590 | $3,507 | 3.20% |
| 20 Year | 73 | $13,495,000 | $184,863 | $3,134 | 2.92% |
| 10 Year | 39 | $3,355,000 | $86,026 | $1,602 | 2.50% |
| Other | 35 | $6,825,000 | $195,000 | $3,223 | 2.97% |
| 1 Year | 4 | $880,000 | $220,000 | $0 | 4.19% |
| 5 Year | 2 | $130,000 | $65,000 | $1,662 | 2.13% |
For the 2021, Texas Trust's most frequently cited loan length of loans were 15 Year, with 291 originations. The 2nd most popular length of loans were 30 Year, with 249 originations.
Origination Fees
| Origination Fee | Originations | Total Value | Average Loan |
|---|---|---|---|
| $1k-2k | 304 | $53,170,000 | $174,901 |
| $2k-3k | 122 | $18,890,000 | $154,836 |
| $3k-4k | 115 | $29,795,000 | $259,087 |
| $<1k | 62 | $4,260,000 | $68,710 |
| $5k+ | 9 | $5,655,000 | $628,333 |
$3,507 of loans were Texas Trust's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 304 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 262 | $56,510,000 | $215,687 |
| <2.5% | 207 | $25,595,000 | $123,647 |
| 2.5-3% | 204 | $42,010,000 | $205,931 |
| 4-5% | 19 | $3,565,000 | $187,632 |
| 5-6% | 1 | $35,000 | $35,000 |
During 2021, Texas Trust's average interest rate of loans were 3.20%, while their most frequently originated rate bucket of loans were 3-4%, with 262 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100k-200k | 317 | $48,005,000 | $151,435 | $2,641 | 2.96% |
| $200k-400k | 201 | $52,985,000 | $263,607 | $3,840 | 3.15% |
| $100,000 or less | 146 | $10,060,000 | $68,904 | $1,579 | 2.75% |
| $400k-600k | 19 | $8,775,000 | $461,842 | $6,309 | 3.14% |
| $600k-1MM | 8 | $5,640,000 | $705,000 | $10,560 | 3.27% |
| $1MM+ | 2 | $2,250,000 | $1,125,000 | $19,597 | 3.63% |
2021 saw Texas Trust place emphasis on $100k-200k loans with 317 originations, totaling $48,005,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $50k-75k | 161 | $23,945,000 | $148,727 | $2,568 | 2.83% |
| $100k-150k | 134 | $27,350,000 | $204,104 | $3,185 | 2.96% |
| $75k-100k | 130 | $22,770,000 | $175,154 | $2,859 | 2.81% |
| $50k or less | 89 | $9,515,000 | $106,910 | $1,926 | 2.77% |
| $150k-250k | 83 | $21,815,000 | $262,831 | $4,047 | 3.02% |
| $250k+ | 15 | $6,375,000 | $425,000 | $7,023 | 3.18% |
Texas Trust lent most frequently to those with incomes in the $50k-75k range, with 161 originations. The second most popular income band? $100k-150k, with 134 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-30% | 166 | $27,110,000 | $163,313 | $2,842 | 2.73% |
| 30-36% | 111 | $22,265,000 | $200,586 | $3,169 | 2.97% |
| <20% | 58 | $8,610,000 | $148,448 | $2,693 | 2.76% |
| 42% | 35 | $6,635,000 | $189,571 | $3,194 | 2.94% |
| 44% | 33 | $5,785,000 | $175,303 | $2,950 | 2.92% |
| 43% | 32 | $6,710,000 | $209,688 | $3,213 | 2.97% |
| 41% | 23 | $3,925,000 | $170,652 | $2,910 | 2.95% |
| 37% | 23 | $3,805,000 | $165,435 | $2,652 | 2.79% |
| 39% | 23 | $3,885,000 | $168,913 | $2,552 | 3.04% |
| 40% | 19 | $3,675,000 | $193,421 | $2,895 | 2.97% |
| 38% | 19 | $3,515,000 | $185,000 | $2,856 | 3.00% |
| 36% | 14 | $2,970,000 | $212,143 | $3,444 | 3.08% |
| 45% | 13 | $3,655,000 | $281,154 | $4,254 | 3.12% |
| 50-60% | 12 | $2,290,000 | $190,833 | $3,222 | 3.00% |
| 46% | 9 | $1,585,000 | $176,111 | $3,192 | 2.79% |
| 47% | 8 | $2,120,000 | $265,000 | $3,452 | 2.95% |
| >60% | 6 | $1,640,000 | $273,333 | $2,056 | 2.94% |
| 49% | 5 | $1,035,000 | $207,000 | $3,149 | 3.13% |
| 48% | 3 | $555,000 | $185,000 | $3,465 | 2.75% |
Texas Trust lent most frequently to those with DTI ratios of 20-30%, with 166 originations. The next most common DTI ratio? 30-36%, with 111 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 447 | $78,805,000 | $176,298 | $2,880 | 2.87% |
| Black | 89 | $18,965,000 | $213,090 | $3,283 | 2.95% |
| Not applicable | 88 | $16,850,000 | $191,477 | $2,695 | 3.62% |
| Not provided | 46 | $7,640,000 | $166,087 | $2,998 | 3.09% |
| Asian | 18 | $4,890,000 | $271,667 | $4,412 | 2.72% |
| American Indian | 5 | $565,000 | $113,000 | $2,185 | 2.70% |
Approval Rates
Total approvals of all applications89.78%
Texas Trust has an average approval rate.
Pick Rate
Approvals leading to origination96.74%
Texas Trust 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 |
|---|---|---|---|
| NA | 693 | $127,715,000 | $184,293 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 693 | $127,715,000 | $184,293 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-40% | 113 | $10,325,000 | $91,372 | $1,888 | 2.60% |
| 40-60% | 154 | $23,930,000 | $155,390 | $2,669 | 2.70% |
| 60-80% | 273 | $61,815,000 | $226,429 | $3,743 | 3.15% |
| 80-100% | 115 | $28,125,000 | $244,565 | $3,485 | 3.27% |
| Over 100% | 1 | $1,105,000 | $1,105,000 | $0 | 3.75% |
| Under 20% | 37 | $2,415,000 | $65,270 | $1,127 | 3.16% |
