Texas Trust Mortgage Rates, Fees & Info

Arlington, TX

LEI: 549300KKOHQFSTKHSN59

Tax ID: 75-0763606

5 stars - Updated: 5/26/24 - out of 5 stars, based on 18 reviews

Latest/2023 | 2022 Data | 2021 Data | 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 Home Purchase loans. Texas Trust has a high proportion of conventional loans. Their top markets by origination volume include: Dallas, Athens, San Angelo, Tyler, and Houston among others. We have data for 16 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 a low 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 relatively high 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.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.85% 5/26/24
30 Year Conventional Refi 6.24% 5/26/24
30 Year Cash-out Refi 6.81% 5/26/24
15 Year Conventional Purchase 6.87% 5/26/24
15 Year Conventional Refi 6.21% 5/26/24
15 Year Cash-out Refi 6.21% 5/26/24
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.

Texas Trust Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Texas Trust. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

337

Origination Dollar Volume (All Markets)

$51,965,000

Awards

TEXAS TRUST 30 Year Conventional Loans gold
Show all (1) awards

Relative Rate

Texas Trust's average 30 year fixed mortgage rate was 6.65%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of 0.17%.

Relative Fees (Closing Costs)

Texas Trust's average total fees/closing costs for a 30 year fixed rate mortgage were $4,361.

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 $9,089.

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) 292 $45,430,000 $155,582 $2,702 6.98%
Athens, TX (FHA|USDA|VA) 10 $1,580,000 $158,000 $3,547 6.35%
SAN ANGELO, TX (FHA|USDA|VA) 12 $1,330,000 $110,833 $2,162 7.14%
Outside of Metro Areas 5 $675,000 $135,000 $2,501 6.75%
TYLER, TX (FHA|USDA|VA) 4 $560,000 $140,000 $3,385 7.41%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 2 $430,000 $215,000 $3,189 7.00%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 1 $295,000 $295,000 $3,584 7.00%
MIDLAND, TX (FHA|USDA|VA) 1 $295,000 $295,000 $5,059 7.20%
Mineral Wells, TX (FHA|USDA|VA) 1 $255,000 $255,000 $4,858 6.25%
LONGVIEW, TX (FHA|USDA|VA) 2 $240,000 $120,000 $2,207 7.63%
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 1 $205,000 $205,000 $4,300 5.50%
Corsicana, TX (FHA|USDA|VA) 2 $200,000 $100,000 $2,771 6.50%
Jacksonville, TX (FHA|USDA|VA) 1 $195,000 $195,000 $2,838 7.63%
LUBBOCK, TX (FHA|USDA|VA) 1 $115,000 $115,000 $3,590 5.63%
Granbury, TX (FHA|USDA|VA) 1 $115,000 $115,000 $3,946 5.38%
Gainesville, TX (FHA|USDA|VA) 1 $45,000 $45,000 $1,338 5.75%
Texas Trust's top markets include Dallas, Athens, San Angelo, Tyler, and Houston among others.

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

    FC LENDING, LTD.
    Similarity Rank: 645
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    Similarity Rank: 666
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 337 $51,965,000 $154,199 $2,736 6.95%

    For 2023, Texas Trust's most frequently originated type of loan was Conventional, with 337 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 252 $28,400,000 $112,698 $2,026 7.01%
    Home Purchase 75 $21,995,000 $293,267 $5,096 6.84%
    Refi 10 $1,570,000 $157,000 $2,944 6.48%

    For 2023, Texas Trust's most frequently cited loan purpose was Cash Out Refi, with 252 originations. The 2nd most popular reason was Home Purchase, with 75 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 132 $34,070,000 $258,106 $4,361 6.65%
    15 Year 108 $9,060,000 $83,889 $1,711 6.92%
    20 Year 76 $7,570,000 $99,605 $1,830 7.60%
    10 Year 19 $1,195,000 $62,895 $1,104 6.68%
    5 Year 1 $15,000 $15,000 $807 8.00%
    Other 1 $55,000 $55,000 $887 5.50%

    For 2023, Texas Trust's most frequently cited loan duration was 30 Year, with 132 originations. The 2nd most popular length was 15 Year, with 108 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $2k-3k 108 $24,370,000 $225,648
    $<1k 104 $5,160,000 $49,615
    $1k-2k 89 $10,775,000 $121,067
    $3k-4k 27 $6,375,000 $236,111
    $5k+ 5 $3,505,000 $701,000
    $4k-5k 4 $1,780,000 $445,000

    Texas Trust's average total fees were $4,361, while their most frequently occuring range of origination fees (closing costs) were in the $2k-3k bucket, with 108 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 134 $24,070,000 $179,627
    7-8% 89 $13,805,000 $155,112
    5-6% 64 $8,770,000 $137,031
    Over 8% 49 $5,105,000 $104,184
    4-5% 1 $215,000 $215,000

    During 2023, Texas Trust's average interest rate for loans was 6.65%, while their most frequently originated rate bucket for loans was 6-7%, with 134 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 150 $8,810,000 $58,733 $1,209 7.10%
    $100k-200k 94 $13,360,000 $142,128 $2,914 6.83%
    $200k-400k 78 $21,040,000 $269,744 $4,404 6.90%
    $400k-600k 8 $3,530,000 $441,250 $5,701 6.58%
    $600k-1MM 6 $4,180,000 $696,667 $10,328 6.54%
    $1MM+ 1 $1,045,000 $1,045,000 $15,862 6.50%

    2023 saw Texas Trust place emphasis on $100,000 or less loans with 150 originations, totaling $8,810,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 79 $12,415,000 $157,152 $2,615 6.98%
    $150k-250k 73 $14,065,000 $192,671 $3,328 7.14%
    $50k-75k 68 $8,320,000 $122,353 $2,362 6.90%
    $75k-100k 61 $7,825,000 $128,279 $2,427 6.92%
    $50k or less 36 $3,860,000 $107,222 $2,191 6.69%
    $250k+ 20 $5,480,000 $274,000 $4,258 6.93%

    Texas Trust lent most frequently to those with incomes in the $100k-150k range, with 79 originations. The second most popular income band? $150k-250k, with 73 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 67 $10,925,000 $163,060 $2,953 6.87%
    20-30% 53 $7,065,000 $133,302 $2,537 6.69%
    44% 27 $3,445,000 $127,593 $2,294 7.30%
    41% 23 $3,555,000 $154,565 $2,458 6.93%
    <20% 21 $2,665,000 $126,905 $2,609 6.27%
    40% 18 $3,050,000 $169,444 $2,648 6.98%
    43% 18 $2,660,000 $147,778 $2,528 7.22%
    42% 16 $1,920,000 $120,000 $2,340 7.47%
    38% 16 $1,880,000 $117,500 $2,092 7.34%
    45% 16 $2,380,000 $148,750 $2,729 7.18%
    36% 12 $1,710,000 $142,500 $2,544 6.90%
    50-60% 10 $1,800,000 $180,000 $3,590 6.68%
    37% 10 $3,000,000 $300,000 $3,991 7.20%
    39% 10 $2,110,000 $211,000 $3,540 7.01%
    46% 9 $1,755,000 $195,000 $3,296 7.10%
    47% 6 $1,210,000 $201,667 $3,675 7.48%
    48% 3 $275,000 $91,667 $1,740 6.17%
    49% 2 $560,000 $280,000 $5,120 7.13%

    Texas Trust lent most frequently to those with DTI ratios of 30-36%, with 67 originations. The next most common DTI ratio? 20-30%, with 53 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 262 $38,480,000 $146,870 $2,608 6.96%
    Black 55 $9,605,000 $174,636 $2,994 6.99%
    Asian 13 $2,335,000 $179,615 $3,560 6.65%
    Not provided 4 $1,170,000 $292,500 $5,702 7.34%
    American Indian 2 $330,000 $165,000 $2,225 6.88%
    Not applicable 1 $45,000 $45,000 $588 6.63%

    Approval Rates

    Total approvals of all applications
    98.59%

    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 origination
    98.52%

    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 337 $51,965,000 $154,199

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    337 $51,965,000 $154,199

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 85 $9,405,000 $110,647 $2,211 6.89%
    40-60% 33 $6,435,000 $195,000 $3,413 6.65%
    60-80% 43 $11,485,000 $267,093 $4,160 6.63%
    80-100% 48 $14,570,000 $303,542 $5,224 6.84%
    Over 100% 10 $2,920,000 $292,000 $5,136 7.08%
    Under 20% 118 $7,150,000 $60,593 $1,192 7.24%