Texas Trust Mortgage Rates, Fees & Info
Arlington, TXLEI: 549300KKOHQFSTKHSN59
Tax ID: 75-0763606
Latest/2021 | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & 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 by origination volume include: Dallas, Athens, San Angelo, Houston, and Tyler among others. We have data for 18 markets. (Some data included below & more in-depth data is available with an active subscription.)Texas Trust 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. Texas Trust is typically an average 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.
We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.58% | 3/19/23 |
| 30 Year Conventional Refi | 6.50% | 3/19/23 |
| 30 Year Cash-out Refi | 6.77% | 3/19/23 |
| 15 Year Conventional Purchase | 6.83% | 3/19/23 |
| 15 Year Conventional Refi | 5.88% | 3/19/23 |
| 15 Year Cash-out Refi | 5.88% | 3/19/23 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
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 mortgage rate was
3.2%.
The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.
This yields a difference of 0.05%.
Relative Fees (Closing Costs)
Texas Trust's average total fees/closing costs for a 30 year fixed rate
mortgage were $3,507.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $4,750.
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) | 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% |
Similar Lenders
We use machine learning to identify the top lenders compared against TEXAS TRUST based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 540
Similarity Rank: 924
Similarity Rank: 1200
Similarity Rank: 1313
Similarity Rank: 1408
Similarity Rank: 1950
Similarity Rank: 2057
Similarity Rank: 2172
Similarity Rank: 2200
Similarity Rank: 2220
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 692 | $127,510,000 | $184,263 | $2,981 | 2.98% |
| HELOC | 1 | $205,000 | $205,000 | n/a | 4.25% |
For 2021, Texas Trust's most frequently originated type of loan was Conventional, with 692 originations. Their 2nd most popular type was HELOC, with 1 originations.
Loan Reason
For 2021, Texas Trust's most frequently cited loan purpose was Cash Out Refi, with 442 originations. The 2nd most popular reason was Refi, with 148 originations.
Loan Duration/Length
For 2021, Texas Trust's most frequently cited loan duration was 15 Year, with 291 originations. The 2nd most popular length was 30 Year, with 249 originations.
Origination Fees/Closing Costs
Texas Trust's average total fees were $3,507, while their most frequently occuring range of origination fees (closing costs) 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 for loans was 3.20%, while their most frequently originated rate bucket for loans was 3-4%, with 262 originations.
Loan Sizing
2021 saw Texas Trust place emphasis on $100k-200k loans with 317 originations, totaling $48,005,000 in origination value.
Applicant Income
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
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
Approval Rates
Total approvals of all applications96.36%
Texas Trust has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination94.81%
Texas Trust has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 693 | $127,715,000 | $184,293 |