Affiliated Bank Mortgage Rates, Fees & Info

Bedford, TX

LEI: 549300KST6N97GYH0O45

Tax ID: 75-1630026

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

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Mortgage Data

Bank Data

Review & Overview

Affiliated Bank is a smaller bank specializing in Home Purchase and Refi loans. Affiliated Bank has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets by origination volume include: Dallas, Waco, Austin, Corpus Christi, and San Antonio among others. We have data for 40 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 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.

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 6.90% 3/28/24
30 Year Conventional Refi 6.64% 3/28/24
30 Year Cash-out Refi 6.74% 3/28/24
30 Year FHA Purchase 7.48% 3/28/24
30 Year FHA Refi 6.64% 3/28/24
30 Year VA Purchase 6.50% 3/28/24
15 Year Conventional Purchase 6.47% 3/28/24
15 Year Conventional Refi 6.35% 3/28/24
15 Year Cash-out Refi 6.35% 3/28/24
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

1,576

Origination Dollar Volume (All Markets)

$471,130,000

Employee count

185

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) 945 $298,205,000 $315,561 $5,229 3.27%
WACO, TX (FHA|USDA|VA) 231 $52,435,000 $226,991 $5,172 3.40%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 135 $44,935,000 $332,852 $5,533 3.20%
CORPUS CHRISTI, TX (FHA|USDA|VA) 62 $18,210,000 $293,710 $5,726 3.16%
Outside of Metro Areas 73 $16,225,000 $222,260 $5,556 3.40%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 27 $8,835,000 $327,222 $5,213 3.21%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 27 $8,325,000 $308,333 $5,153 3.31%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 7 $3,505,000 $500,714 $7,308 3.48%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 5 $2,175,000 $435,000 $4,475 2.95%
Granbury, TX (FHA|USDA|VA) 7 $1,905,000 $272,143 $5,457 3.59%
Mineral Wells, TX (FHA|USDA|VA) 4 $1,800,000 $450,000 $6,374 3.09%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 6 $1,630,000 $271,667 $4,860 3.40%
Rockport, TX (FHA|USDA|VA) 4 $1,230,000 $307,500 $4,598 3.56%
Athens, TX (FHA|USDA|VA) 3 $1,195,000 $398,333 $6,444 2.96%
Gainesville, TX (FHA|USDA|VA) 3 $955,000 $318,333 $4,040 3.38%
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 5 $915,000 $183,000 $4,799 3.68%
Heber, UT (FHA|USDA|VA) 1 $755,000 $755,000 $0 3.60%
Brownwood, TX (FHA|USDA|VA) 3 $675,000 $225,000 $0 4.75%
SHERMAN-DENISON, TX (FHA|USDA|VA) 3 $635,000 $211,667 $4,790 3.50%
BOULDER, CO (FHA|USDA|VA) 1 $605,000 $605,000 $3,046 3.00%
FORT COLLINS, CO (FHA|USDA|VA) 1 $475,000 $475,000 $4,133 3.13%
Uvalde, TX (FHA|USDA|VA) 1 $475,000 $475,000 $6,892 2.75%
Palestine, TX (FHA|USDA|VA) 2 $430,000 $215,000 $6,506 3.44%
JACKSONVILLE, FL (FHA|USDA|VA) 1 $405,000 $405,000 $4,136 3.13%
RENO, NV (FHA|USDA|VA) 1 $405,000 $405,000 $5,250 3.25%
Aberdeen, WA (FHA|USDA|VA) 1 $395,000 $395,000 $3,907 3.25%
SAN ANGELO, TX (FHA|USDA|VA) 1 $385,000 $385,000 $3,535 3.38%
Alice, TX (FHA|USDA|VA) 1 $365,000 $365,000 $4,076 2.25%
Kingsville, TX (FHA|USDA|VA) 3 $365,000 $121,667 $3,747 3.21%
Corsicana, TX (FHA|USDA|VA) 1 $355,000 $355,000 $5,087 3.38%
ANCHORAGE, AK (FHA|USDA|VA) 1 $315,000 $315,000 $5,190 3.13%
Bay City, TX (FHA|USDA|VA) 1 $305,000 $305,000 $5,846 3.00%
Stephenville, TX (FHA|USDA|VA) 2 $230,000 $115,000 $6,191 3.63%
OKLAHOMA CITY, OK (FHA|USDA|VA) 1 $205,000 $205,000 $3,961 2.88%
COLUMBIA, SC (FHA|USDA|VA) 1 $195,000 $195,000 $7,110 2.50%
Andrews, TX (FHA|USDA|VA) 1 $155,000 $155,000 $6,074 6.38%
BATON ROUGE, LA (FHA|USDA|VA) 1 $145,000 $145,000 $3,674 3.75%
EL PASO, TX (FHA|USDA|VA) 1 $145,000 $145,000 $3,481 3.13%
LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 1 $125,000 $125,000 $5,153 6.38%
WICHITA FALLS, TX (FHA|USDA|VA) 1 $105,000 $105,000 $2,200 2.75%
Affiliated Bank's top markets include Dallas, Waco, Austin, Corpus Christi, and San Antonio among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,414 $428,440,000 $302,999 $4,963 3.29%
    FHA 95 $21,475,000 $226,053 $8,629 3.35%
    VA 59 $19,785,000 $335,339 $7,081 3.14%
    USDA 8 $1,430,000 $178,750 $6,602 3.41%

    For 2020, Affiliated Bank's most frequently originated type of loan was Conventional, with 1,414 originations. Their 2nd most popular type was FHA, with 95 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 728 $211,380,000 $290,357 $5,946 3.34%
    Refi 644 $196,210,000 $304,674 $4,337 3.10%
    Home Improvement 131 $42,425,000 $323,855 $6,065 3.61%
    Cash Out Refi 73 $21,115,000 $289,247 $5,717 3.85%

    For 2020, Affiliated Bank's most frequently cited loan purpose was Home Purchase, with 728 originations. The 2nd most popular reason was Refi, with 644 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,175 $358,095,000 $304,762 $5,462 3.32%
    15 Year 219 $58,275,000 $266,096 $4,555 2.86%
    20 Year 113 $33,625,000 $297,566 $5,037 3.52%
    Other 52 $17,620,000 $338,846 $4,710 3.74%
    10 Year 12 $2,590,000 $215,833 $3,927 3.24%
    1 Year 2 $280,000 $140,000 $0 4.88%
    3 Year 2 $330,000 $165,000 $6,679 4.24%
    5 Year 1 $315,000 $315,000 $0 5.25%

    For 2020, Affiliated Bank's most frequently cited loan duration was 30 Year, with 1,175 originations. The 2nd most popular length was 15 Year, with 219 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 1,065 $314,215,000 $295,038
    $2k-3k 244 $65,220,000 $267,295
    $3k-4k 81 $23,425,000 $289,198
    $<1k 53 $14,355,000 $270,849
    $4k-5k 48 $14,970,000 $311,875
    $5k+ 47 $27,705,000 $589,468

    Affiliated Bank's average total fees were $5,462, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 1,065 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 750 $224,550,000 $299,400
    2.5-3% 536 $163,260,000 $304,590
    4-5% 129 $33,815,000 $262,132
    <2.5% 126 $41,110,000 $326,270
    5-6% 26 $7,050,000 $271,154
    6-7% 8 $1,150,000 $143,750
    7-8% 1 $195,000 $195,000

    During 2020, Affiliated Bank's average interest rate for loans was 3.32%, while their most frequently originated rate bucket for loans was 3-4%, with 750 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 853 $245,175,000 $287,427 $5,132 3.21%
    $100k-200k 368 $57,300,000 $155,707 $4,568 3.53%
    $400k-600k 272 $126,790,000 $466,140 $5,944 3.07%
    $100,000 or less 48 $3,710,000 $77,292 $4,004 3.74%
    $600k-1MM 19 $14,015,000 $737,632 $9,444 3.81%
    $1MM+ 16 $24,140,000 $1,508,750 $18,236 3.78%

    2020 saw Affiliated Bank place emphasis on $200k-400k loans with 853 originations, totaling $245,175,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 432 $126,310,000 $292,384 $5,133 3.23%
    $150k-250k 381 $133,495,000 $350,381 $5,322 3.14%
    $50k-75k 232 $46,780,000 $201,638 $5,069 3.38%
    $75k-100k 219 $52,325,000 $238,927 $4,954 3.32%
    $250k+ 184 $87,960,000 $478,043 $6,552 3.22%
    $50k or less 100 $15,230,000 $152,300 $4,599 3.48%

    Affiliated Bank lent most frequently to those with incomes in the $100k-150k range, with 432 originations. The second most popular income band? $150k-250k, with 381 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 364 $116,450,000 $319,918 $4,963 3.15%
    30-36% 313 $90,955,000 $290,591 $5,195 3.28%
    <20% 140 $42,160,000 $301,143 $4,891 3.13%
    44% 79 $23,045,000 $291,709 $5,443 3.33%
    42% 65 $21,195,000 $326,077 $5,934 3.48%
    39% 62 $17,770,000 $286,613 $4,946 3.35%
    40% 60 $18,360,000 $306,000 $5,498 3.36%
    43% 59 $17,515,000 $296,864 $5,819 3.33%
    41% 54 $15,060,000 $278,889 $5,270 3.25%
    37% 53 $15,845,000 $298,962 $5,250 3.22%
    36% 48 $14,420,000 $300,417 $5,140 3.15%
    38% 43 $13,785,000 $320,581 $4,955 3.13%
    45% 38 $10,230,000 $269,211 $6,043 3.19%
    47% 37 $10,985,000 $296,892 $6,090 3.27%
    49% 34 $9,160,000 $269,412 $5,366 3.26%
    46% 32 $8,930,000 $279,063 $5,600 3.49%
    48% 28 $6,810,000 $243,214 $5,672 3.29%
    50-60% 28 $7,050,000 $251,786 $7,151 3.39%
    >60% 1 $165,000 $165,000 $7,016 2.38%

    Affiliated Bank lent most frequently to those with DTI ratios of 20-30%, with 364 originations. The next most common DTI ratio? 30-36%, with 313 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,295 $383,405,000 $296,066 $5,220 3.24%
    Not provided 136 $41,370,000 $304,191 $5,301 3.34%
    Asian 52 $20,190,000 $388,269 $5,969 3.17%
    Black 52 $12,840,000 $246,923 $6,038 3.46%
    Not applicable 28 $9,030,000 $322,500 $0 5.11%
    American Indian 8 $2,770,000 $346,250 $5,040 2.95%
    Asian Indian 2 $710,000 $355,000 $4,770 3.63%
    Vietnamese 1 $515,000 $515,000 $8,264 2.50%
    Native Hawaiian or Islander 1 $155,000 $155,000 $4,055 2.88%
    Guamanian 1 $145,000 $145,000 $5,261 4.88%

    Approval Rates

    Total approvals of all applications
    95.72%

    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
    79.31%

    Affiliated Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,576 $471,130,000 $298,940

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 3 $2,395,000 $798,333
    Single Family (1-4 Units):Site-Built 1,573 $468,735,000 $297,988

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 53 $10,795,000 $203,679 $4,144 3.16%
    40-60% 184 $52,610,000 $285,924 $4,649 3.14%
    60-80% 702 $222,820,000 $317,407 $5,121 3.29%
    80-100% 619 $177,795,000 $287,229 $5,543 3.35%
    Over 100% 16 $7,000,000 $437,500 $15,311 3.36%
    Under 20% 2 $110,000 $55,000 $3,956 2.75%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Affiliated Bank, National Association 2302 Guthrie Rd. Suite 100 Garland, TX 75043 Full Service B&M $94,915
    Affiliated Bank, National Association 2326 W Pleasant Ridge Rd. Arlington, TX 76015 Full Service B&M $580,068
    Affiliated Bank, National Association 500 Harwood Rd. Bedford, TX 76021 Full Service B&M $137,026
    Affiliated Bank, National Association 920 Ih 35 North Round Rock, TX 78681 Full Service B&M $79,137

    For 2020, Affiliated Bank had 4 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $51,048
    Net interest income $40,358
    Total noninterest income $19,713
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $278
    Trading account gains and fees $0
    Additional Noninterest Income $19,435
    Pre-tax net operating income $11,827
    Securities gains (or losses, -) $0
    Income before extraordinary items $9,322
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $9,322
    Minority interest net income $0
    Net income $9,322
    Sale, conversion, retirement of capital stock, net $1,217
    Net operating income $9,322

    Affiliated Bank's gross interest income from loans was $51,048,000.
    Affiliated Bank's net interest income from loans was $40,358,000.
    Affiliated Bank's fee based income from loans was $278,000.
    Affiliated Bank's net income from loans was $9,322,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $10,690
    Provision for credit losses $5,942
    Total noninterest expense $42,302
    Salaries and employee benefits $30,208
    Premises and equipment expense $2,841
    Additional noninterest expense $9,253
    Applicable income taxes $2,505
    Net charge-offs $42
    Cash dividends $0

    Affiliated Bank's interest expense for loans was $10,690,000.
    Affiliated Bank's payroll and benefits expense were $30,208,000.
    Affiliated Bank's property, plant and equipment expenses $2,841,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 0.0%
    Real Estate loans 0.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 1.0%
    HELOC loans 0.0%
    All other family 1.0%
    Commercial & industrial loans 0.0%
    Personal loans 0.0%
    Credit card loans 0.0%
    Other individual loans 0.0%
    Auto loans 1.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $968,364
    Deposits held in domestic offices $968,364
    Deposits by Individuals, partnerships, and corporations $895,832
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $48,917
    Deposits by Commercial banks and other depository institutions in U.S. $23,497
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $118
    Transaction accounts $263,240
    Demand deposits $263,240
    Nontransaction accounts $705,124
    Money market deposit accounts (MMDAs) $390,409
    Other savings deposits (excluding MMDAs) $23,924
    Total time deposits $290,790
    Total time and savings deposits $705,124
    Noninterest-bearing deposits $205,428
    Interest-bearing deposits $762,936
    Retail deposits $872,188
    IRAs and Keogh plan accounts $19,058
    Brokered deposits $8,480
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,250,922
    Cash & Balances due from depository institutions $230,100
    Interest-bearing balances $225,345
    Total securities $27,209
    Federal funds sold & reverse repurchase $611
    Net loans and leases $920,821
    Loan and leases loss allowance $9,835
    Trading account assets $0
    Bank premises and fixed assets $18,296
    Other real estate owned $0
    Goodwill and other intangibles $36,327
    All other assets $17,558

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,250,922
    Total Liabilities $1,101,171
    Total deposits $968,364
    Interest-bearing deposits $762,936
    Deposits held in domestic offices $968,364
    % insured (estimated) $64
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $110,000
    Subordinated debt $0
    All other liabilities $22,807

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $920,821
    Loan and leases loss allowance $9,835
    Total loans and leases (domestic) $930,656
    All real estate loans $618,470
    Real estate loans in domestic offices $618,470
    Construction and development loans $143,028
    Residential 1-4 family construction $58,425
    Other construction, all land development and other land $84,603
    Loans secured by nonfarm nonresidential properties $251,090
    Nonfarm nonresidential secured by owner-occupied properties $95,526
    Commercial real estate & other non-farm, non-residential $155,564
    Multifamily residential real estate $18,864
    1-4 family residential loans $204,913
    Farmland loans $575
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $297,714
    To non-U.S. addressees $0
    Loans to individuals $5,122
    Credit card loans $0
    Related Plans $3,232
    Consumer Auto Loans $839
    Other loans to individuals $1,051
    All other loans & leases $9,350
    Loans to foreign governments and official institutions $0
    Other loans $12
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $2,347
    Loans secured by real estate to non-U.S. addressees $589
    Restructured Loans & leases $599
    Non 1-4 family restructured loans & leases $293
    Total loans and leases (foreign) $0

    Affiliated Bank had $920,821,000 of loans outstanding in 2020. $618,470,000 of loans were in real estate loans. $143,028,000 of loans were in development loans. $18,864,000 of loans were in multifamily mortgage loans. $204,913,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $839,000 of loans were in the auto loan category.

    Small Business Loans

    Categorization # of Loans in Category $ amount of loans (in 000's) Average $/loan
    Nonfarm, nonresidential loans - <$1MM 115 $38,210 $332,261
    Nonfarm, nonresidential loans - <$100k 10 $460 $46,000
    Nonfarm, nonresidential loans - $100-250k 29 $3,522 $121,448
    Nonfarm, nonresidential loans - $250k-1MM 76 $34,228 $450,368
    Commercial & Industrial, US addressed loans - <$1MM 1,671 $135,635 $81,170
    Commercial & Industrial, US addressed loans - <$100k 1,301 $32,935 $25,315
    Commercial & Industrial, US addressed loans - $100-250k 192 $28,113 $146,422
    Commercial & Industrial, US addressed loans - $250k-1MM 178 $74,587 $419,028
    Farmland loans - <$1MM 1 $49 $49,000
    Farmland loans - <$100k 1 $49 $49,000