Texas Trust Mortgage Rates, Fees & Info

Arlington, TX

LEI: 549300KKOHQFSTKHSN59

Tax ID: 75-0763606

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • 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, Palestine, and College Station among others. We have data for 14 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Texas Trust has an 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 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.

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

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.85% 12/16/24
    30 Year Conventional Refi 6.24% 12/16/24
    30 Year Cash-out Refi 6.81% 12/16/24
    15 Year Conventional Purchase 6.87% 12/16/24
    15 Year Conventional Refi 6.21% 12/16/24
    15 Year Cash-out Refi 6.21% 12/16/24
    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

    464

    Origination Dollar Volume (All Markets)

    $69,510,000

    Awards

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

    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) 409 $63,145,000 $154,389 $2,505 4.25%
    Athens, TX (FHA|USDA|VA) 17 $1,975,000 $116,176 $1,956 4.23%
    SAN ANGELO, TX (FHA|USDA|VA) 17 $1,825,000 $107,353 $2,116 3.84%
    Outside of Metro Areas 7 $1,045,000 $149,286 $2,350 4.36%
    Palestine, TX (FHA|USDA|VA) 2 $320,000 $160,000 $2,561 4.06%
    COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 2 $230,000 $115,000 $0 6.00%
    LONGVIEW, TX (FHA|USDA|VA) 1 $205,000 $205,000 $1,721 3.75%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 3 $205,000 $68,333 $1,297 4.83%
    KILLEEN-TEMPLE, TX (FHA|USDA|VA) 1 $165,000 $165,000 $3,439 4.38%
    SHERMAN-DENISON, TX (FHA|USDA|VA) 1 $105,000 $105,000 $2,198 5.50%
    Corsicana, TX (FHA|USDA|VA) 1 $95,000 $95,000 $1,706 4.00%
    Granbury, TX (FHA|USDA|VA) 1 $85,000 $85,000 $1,630 6.00%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $65,000 $65,000 $1,377 3.50%
    Mineral Wells, TX (FHA|USDA|VA) 1 $45,000 $45,000 $3,279 3.75%
    Texas Trust's top markets include Dallas, Athens, San Angelo, Palestine, and College Station among others.

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

    VeraBank
    Similarity Rank: 475
    AAXY L.L.C.
    Similarity Rank: 480
    FC LENDING, LTD.
    Similarity Rank: 815
    HIGHLAND HOMELOANS, LLC
    Similarity Rank: 948
    CAPITAL PLUS FINANCIAL, LLC
    Similarity Rank: 1038
    Resource One Credit Union
    Similarity Rank: 1140
    TEXANS
    Similarity Rank: 1204
    NEIGHBORHOOD
    Similarity Rank: 1228
    PIKE CREEK MORTGAGE SERVICES, INC.
    Similarity Rank: 1368
    U S WIDE FINANCIAL LLC
    Similarity Rank: 1617

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 464 $69,510,000 $149,806 $2,454 4.24%

    For 2019, Texas Trust's most frequently originated type of loan was Conventional, with 464 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 332 $42,700,000 $128,614 $2,208 4.17%
    Home Purchase 95 $20,245,000 $213,105 $3,411 4.57%
    Refi 35 $6,355,000 $181,571 $2,828 3.93%
    Home Improvement 2 $210,000 $105,000 $0 6.25%

    For 2019, Texas Trust's most frequently cited loan purpose was Cash Out Refi, with 332 originations. The 2nd most popular reason was Home Purchase, with 95 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 199 $23,795,000 $119,573 $2,001 4.32%
    30 Year 158 $32,430,000 $205,253 $3,195 4.19%
    10 Year 42 $3,510,000 $83,571 $1,464 4.12%
    20 Year 40 $6,340,000 $158,500 $2,714 4.12%
    Other 17 $2,525,000 $148,529 $2,452 4.22%
    5 Year 6 $680,000 $113,333 $873 4.21%
    1 Year 2 $230,000 $115,000 $0 6.25%

    For 2019, Texas Trust's most frequently cited loan duration was 15 Year, with 199 originations. The 2nd most popular length was 30 Year, with 158 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 200 $30,160,000 $150,800
    $2k-3k 109 $17,155,000 $157,385
    $<1k 73 $3,925,000 $53,767
    $3k-4k 47 $11,105,000 $236,277
    $4k-5k 3 $1,275,000 $425,000
    $5k+ 1 $415,000 $415,000

    Texas Trust's average total fees were $3,195, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 200 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 253 $37,985,000 $150,138
    4-5% 133 $22,055,000 $165,827
    5-6% 54 $7,020,000 $130,000
    6-7% 20 $1,940,000 $97,000
    7-8% 4 $510,000 $127,500

    During 2019, Texas Trust's average interest rate for loans was 4.19%, while their most frequently originated rate bucket for loans was 3-4%, with 253 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 203 $28,655,000 $141,158 $2,660 4.30%
    $100,000 or less 147 $9,055,000 $61,599 $1,324 4.30%
    $200k-400k 103 $25,955,000 $251,990 $3,466 4.06%
    $400k-600k 7 $3,105,000 $443,571 $4,710 4.11%
    $600k-1MM 4 $2,740,000 $685,000 $6,798 4.63%

    2019 saw Texas Trust place emphasis on $100k-200k loans with 203 originations, totaling $28,655,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 117 $15,005,000 $128,248 $2,337 4.16%
    $100k-150k 99 $16,895,000 $170,657 $2,587 4.22%
    $75k-100k 84 $12,370,000 $147,262 $2,487 4.13%
    $50k or less 77 $7,145,000 $92,792 $1,910 3.84%
    $150k-250k 50 $9,740,000 $194,800 $2,999 4.42%
    $250k+ 13 $3,825,000 $294,231 $3,499 4.35%

    Texas Trust lent most frequently to those with incomes in the $50k-75k range, with 117 originations. The second most popular income band? $100k-150k, with 99 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 109 $15,565,000 $142,798 $2,443 4.14%
    30-36% 83 $13,115,000 $158,012 $2,484 4.11%
    <20% 37 $4,285,000 $115,811 $1,957 4.00%
    43% 27 $4,265,000 $157,963 $2,574 3.93%
    42% 21 $3,235,000 $154,048 $2,718 4.24%
    41% 20 $2,570,000 $128,500 $2,435 4.29%
    36% 18 $2,430,000 $135,000 $2,262 3.98%
    40% 16 $2,600,000 $162,500 $2,652 4.16%
    37% 16 $2,310,000 $144,375 $2,451 4.20%
    44% 14 $2,020,000 $144,286 $2,551 4.17%
    45% 14 $2,120,000 $151,429 $2,498 4.05%
    38% 12 $2,070,000 $172,500 $2,181 4.22%
    39% 10 $1,470,000 $147,000 $2,604 4.03%
    49% 7 $1,375,000 $196,429 $2,857 4.09%
    50-60% 7 $1,185,000 $169,286 $3,066 4.14%
    47% 7 $995,000 $142,143 $2,642 4.45%
    48% 6 $1,240,000 $206,667 $3,302 4.10%
    46% 6 $870,000 $145,000 $2,083 4.63%
    >60% 3 $315,000 $105,000 $1,694 3.71%

    Texas Trust lent most frequently to those with DTI ratios of 20-30%, with 109 originations. The next most common DTI ratio? 30-36%, with 83 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 372 $53,910,000 $144,919 $2,438 4.16%
    Black 41 $6,485,000 $158,171 $2,545 4.01%
    Not applicable 27 $4,905,000 $181,667 $2,437 5.82%
    Asian 14 $2,590,000 $185,000 $2,527 4.34%
    Not provided 5 $795,000 $159,000 $2,969 3.80%
    American Indian 4 $790,000 $197,500 $2,594 4.47%
    Native Hawaiian or Islander 1 $35,000 $35,000 $730 3.50%

    Approval Rates

    Total approvals of all applications
    83.70%

    Texas Trust has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    96.55%

    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 464 $69,510,000 $149,806

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 464 $69,510,000 $149,806

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 80 $6,090,000 $76,125 $1,593 4.21%
    40-60% 84 $9,880,000 $117,619 $2,203 3.90%
    60-80% 172 $32,550,000 $189,244 $3,005 4.25%
    80-100% 85 $18,595,000 $218,765 $3,322 4.29%
    Over 100% 2 $400,000 $200,000 $1,380 4.59%
    Under 20% 41 $1,995,000 $48,659 $915 4.91%