Texas Trust Mortgage Rates, Fees & Info

Arlington, TX

LEI: 549300KKOHQFSTKHSN59

Tax ID: 75-0763606

5 stars - out of 5 stars, based on 26 reviews

2021 Data | 2020 Data | 2019 Data | 2018 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

693

Origination Dollar Volume (All Markets)

$127,715,000

Awards

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

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 applications
89.78%

Texas Trust has an average approval rate.

Pick Rate

Approvals leading to origination
96.74%

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%