Affiliated Bank Mortgage Rates, Fees & Info

Bedford, TX

LEI: 549300KST6N97GYH0O45

Tax ID: 75-1630026

3.4 stars - Updated: 10/29/24 - 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

Affiliated Bank is a smaller bank specializing in Home Purchase loans. Affiliated Bank has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Dallas, Waco, Austin, Heber, and Stephenville among others. We have data for 30 markets. (Some data included below & more in-depth data is available with an active subscription.)

Affiliated Bank has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Affiliated Bank is typically a high 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 6.90% 10/29/24
30 Year Conventional Refi 6.64% 10/29/24
30 Year Cash-out Refi 6.74% 10/29/24
30 Year FHA Purchase 7.48% 10/29/24
30 Year FHA Refi 6.64% 10/29/24
30 Year VA Purchase 6.50% 10/29/24
15 Year Conventional Purchase 6.47% 10/29/24
15 Year Conventional Refi 6.35% 10/29/24
15 Year Cash-out Refi 6.35% 10/29/24
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.

Affiliated Bank Mortgage Calculator






Your Estimates

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

This is not an official calculator from Affiliated Bank. 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

319

Origination Dollar Volume (All Markets)

$144,775,000

Awards

Affiliated Bank FHA Loans bronze
Show all (1) awards

Relative Rate

Affiliated Bank's average 30 year fixed mortgage rate was 6.94%.

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

This yields a difference of 0.46%.

Relative Fees (Closing Costs)

Affiliated Bank's average total fees/closing costs for a 30 year fixed rate mortgage were $9,295.

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) 172 $85,280,000 $495,814 $10,176 7.16%
WACO, TX (FHA|USDA|VA) 42 $10,700,000 $254,762 $8,225 7.38%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 10 $8,890,000 $889,000 $10,643 6.69%
Heber, UT (FHA|USDA|VA) 1 $5,295,000 $5,295,000 $24,003 7.63%
Stephenville, TX (FHA|USDA|VA) 20 $4,760,000 $238,000 $8,094 6.89%
Outside of Metro Areas 17 $4,365,000 $256,765 $9,623 6.90%
CORPUS CHRISTI, TX (FHA|USDA|VA) 9 $3,275,000 $363,889 $7,463 6.91%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $3,025,000 $3,025,000 $14,748 5.63%
Athens, TX (FHA|USDA|VA) 1 $3,005,000 $3,005,000 $0 7.50%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 6 $2,710,000 $451,667 $11,304 6.88%
Durango, CO (FHA|USDA|VA) 1 $2,105,000 $2,105,000 $0 8.50%
Granbury, TX (FHA|USDA|VA) 7 $1,995,000 $285,000 $7,903 6.84%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 4 $1,360,000 $340,000 $11,038 6.34%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 4 $1,150,000 $287,500 $8,650 6.97%
LUBBOCK, TX (FHA|USDA|VA) 3 $1,065,000 $355,000 $10,695 7.00%
TULSA, OK (FHA|USDA|VA) 3 $905,000 $301,667 $6,935 7.13%
BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 2 $660,000 $330,000 $5,180 7.31%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $505,000 $505,000 $5,291 7.38%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $505,000 $505,000 $15,779 6.63%
Gainesville, TX (FHA|USDA|VA) 2 $460,000 $230,000 $6,633 6.75%
Mineral Wells, TX (FHA|USDA|VA) 1 $445,000 $445,000 $4,062 5.63%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $415,000 $415,000 $5,020 6.88%
Athens, TN (FHA|USDA|VA) 2 $400,000 $200,000 $11,090 5.69%
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 1 $285,000 $285,000 $0 7.50%
WICHITA FALLS, TX (FHA|USDA|VA) 2 $230,000 $115,000 $4,102 8.00%
Duncan, OK (FHA|USDA|VA) 1 $225,000 $225,000 $4,697 7.25%
Port Lavaca, TX (FHA|USDA|VA) 1 $225,000 $225,000 $7,331 6.50%
Corsicana, TX (FHA|USDA|VA) 1 $205,000 $205,000 $10,499 6.50%
Nacogdoches, TX (FHA|USDA|VA) 1 $195,000 $195,000 $5,237 6.25%
ST. LOUIS, MO-IL (FHA|USDA|VA) 1 $135,000 $135,000 $5,764 7.13%
Affiliated Bank's top markets include Dallas, Waco, Austin, Heber, and Stephenville among others.

Their top states include:
  • Texas (FHA|USDA|VA)
  • Utah (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against Affiliated Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    GULF COAST
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    SOUTHERN LENDING SERVICES, LTD.
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    COMMUNITY RESOURCE CREDIT UNION
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    NAVY ARMY COMMUNITY CREDIT UNION
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 254 $125,300,000 $493,307 $8,825 7.17%
    FHA 46 $12,480,000 $271,304 $11,797 6.92%
    VA 17 $6,645,000 $390,882 $12,502 6.64%
    USDA 2 $350,000 $175,000 $7,176 6.25%

    For 2023, Affiliated Bank's most frequently originated type of loan was Conventional, with 254 originations. Their 2nd most popular type was FHA, with 46 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 259 $116,455,000 $449,633 $9,498 7.04%
    Cash Out Refi 34 $10,260,000 $301,765 $7,962 7.31%
    Refi 25 $15,955,000 $638,200 $11,652 7.36%
    NA 1 $2,105,000 $2,105,000 $0 8.50%

    For 2023, Affiliated Bank's most frequently cited loan purpose was Home Purchase, with 259 originations. The 2nd most popular reason was Cash Out Refi, with 34 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 278 $105,740,000 $380,360 $9,295 6.94%
    Other 11 $19,155,000 $1,741,364 $8,128 8.44%
    1 Year 8 $7,140,000 $892,500 $17,124 8.31%
    15 Year 6 $4,840,000 $806,667 $11,882 6.85%
    5 Year 5 $3,245,000 $649,000 $0 8.70%
    20 Year 4 $650,000 $162,500 $10,351 8.06%
    3 Year 4 $1,560,000 $390,000 $0 8.31%
    10 Year 2 $590,000 $295,000 $0 9.06%
    30+ year 1 $1,855,000 $1,855,000 $28,810 7.88%

    For 2023, Affiliated Bank's most frequently cited loan duration was 30 Year, with 278 originations. The 2nd most popular length was Other, with 11 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 82 $46,040,000 $561,463
    $2k-3k 56 $13,820,000 $246,786
    $4k-5k 48 $14,410,000 $300,208
    $3k-4k 46 $11,920,000 $259,130
    $1k-2k 31 $9,895,000 $319,194
    $<1k 28 $22,020,000 $786,429

    Affiliated Bank's average total fees were $9,295, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 82 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 137 $47,525,000 $346,898
    7-8% 119 $57,315,000 $481,639
    Over 8% 35 $19,935,000 $569,571
    5-6% 28 $20,000,000 $714,286

    During 2023, Affiliated Bank's average interest rate for loans was 6.94%, while their most frequently originated rate bucket for loans was 6-7%, with 137 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 153 $43,895,000 $286,895 $9,140 7.03%
    $100k-200k 61 $9,615,000 $157,623 $6,206 7.13%
    $400k-600k 56 $26,900,000 $480,357 $11,077 7.04%
    $600k-1MM 23 $16,695,000 $725,870 $13,050 7.14%
    $1MM+ 17 $47,045,000 $2,767,353 $19,197 7.23%
    $100,000 or less 9 $625,000 $69,444 $3,705 8.01%

    2023 saw Affiliated Bank place emphasis on $200k-400k loans with 153 originations, totaling $43,895,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 68 $27,320,000 $401,765 $10,122 7.13%
    $100k-150k 61 $18,335,000 $300,574 $9,392 7.03%
    $75k-100k 61 $14,945,000 $245,000 $8,931 6.92%
    $250k+ 56 $51,090,000 $912,321 $11,670 6.98%
    $50k-75k 38 $7,960,000 $209,474 $7,602 7.01%
    $50k or less 14 $2,540,000 $181,429 $7,157 7.04%

    Affiliated Bank lent most frequently to those with incomes in the $150k-250k range, with 68 originations. The second most popular income band? $100k-150k, with 61 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 43 $16,915,000 $393,372 $9,651 7.08%
    20-30% 36 $21,430,000 $595,278 $8,603 6.95%
    49% 24 $6,740,000 $280,833 $8,876 6.85%
    50-60% 22 $8,350,000 $379,545 $13,615 6.86%
    <20% 20 $16,280,000 $814,000 $9,513 6.87%
    37% 19 $5,245,000 $276,053 $8,200 6.82%
    48% 17 $6,065,000 $356,765 $9,835 7.10%
    44% 15 $5,065,000 $337,667 $10,392 6.88%
    39% 14 $3,830,000 $273,571 $7,827 7.09%
    38% 10 $3,440,000 $344,000 $6,620 6.71%
    45% 10 $3,020,000 $302,000 $8,487 7.23%
    47% 10 $3,330,000 $333,000 $11,419 6.59%
    43% 10 $2,620,000 $262,000 $8,960 6.96%
    41% 10 $3,050,000 $305,000 $8,039 6.89%
    42% 9 $3,845,000 $427,222 $8,679 7.47%
    46% 8 $3,340,000 $417,500 $9,547 7.14%
    40% 8 $4,000,000 $500,000 $11,591 6.88%
    36% 7 $2,105,000 $300,714 $7,369 7.07%
    >60% 3 $2,655,000 $885,000 $16,983 8.42%

    Affiliated Bank lent most frequently to those with DTI ratios of 30-36%, with 43 originations. The next most common DTI ratio? 20-30%, with 36 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 247 $99,325,000 $402,126 $9,475 7.01%
    Not applicable 19 $22,125,000 $1,164,474 $0 8.39%
    Not provided 16 $8,700,000 $543,750 $11,757 7.27%
    Black 19 $6,695,000 $352,368 $9,480 7.02%
    Asian 12 $6,310,000 $525,833 $8,521 6.92%
    American Indian 4 $1,040,000 $260,000 $7,033 6.91%
    Native Hawaiian or Islander 2 $580,000 $290,000 $8,492 6.56%

    Approval Rates

    Total approvals of all applications
    95.01%

    Affiliated Bank 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
    65.83%

    Affiliated Bank has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 319 $144,775,000 $453,840

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    319 $144,775,000 $453,840

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 24 $6,250,000 $260,417 $5,029 7.17%
    40-60% 38 $13,870,000 $365,000 $8,482 7.04%
    60-80% 99 $65,555,000 $662,172 $9,372 7.33%
    80-100% 148 $55,170,000 $372,770 $10,111 6.92%
    Over 100% 6 $3,050,000 $508,333 $19,169 6.90%
    Under 20% 4 $880,000 $220,000 $5,170 8.00%