Affiliated Bank Mortgage Rates, Fees & Info
Bedford, TXLEI: 549300KST6N97GYH0O45
Tax ID: 75-1630026
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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 a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Dallas, Corpus Christi, Austin, North Port, and Houston among others. We have data for 36 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.90% | 4/21/24 |
| 30 Year Conventional Refi | 6.64% | 4/21/24 |
| 30 Year Cash-out Refi | 6.74% | 4/21/24 |
| 30 Year FHA Purchase | 7.48% | 4/21/24 |
| 30 Year FHA Refi | 6.64% | 4/21/24 |
| 30 Year VA Purchase | 6.50% | 4/21/24 |
| 15 Year Conventional Purchase | 6.47% | 4/21/24 |
| 15 Year Conventional Refi | 6.35% | 4/21/24 |
| 15 Year Cash-out Refi | 6.35% | 4/21/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
338Origination Dollar Volume (All Markets)
$146,900,000Top 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) | 245 | $100,925,000 | $411,939 | $8,166 | 5.23% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 14 | $7,220,000 | $515,714 | $6,183 | 4.88% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 10 | $5,340,000 | $534,000 | $11,411 | 4.78% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $3,905,000 | $3,905,000 | $0 | 4.25% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 8 | $3,360,000 | $420,000 | $7,818 | 5.14% |
| Outside of Metro Areas | 7 | $3,265,000 | $466,429 | $6,071 | 5.45% |
| SANTA FE, NM (FHA|USDA|VA) | 1 | $2,985,000 | $2,985,000 | $13,635 | 4.88% |
| Mineral Wells, TX (FHA|USDA|VA) | 6 | $2,830,000 | $471,667 | $9,153 | 5.56% |
| Granbury, TX (FHA|USDA|VA) | 8 | $2,540,000 | $317,500 | $9,585 | 6.25% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 3 | $1,975,000 | $658,333 | $9,653 | 4.25% |
| Edwards, CO (FHA|USDA|VA) | 1 | $1,805,000 | $1,805,000 | $4,539 | 3.63% |
| Athens, TX (FHA|USDA|VA) | 3 | $1,505,000 | $501,667 | $0 | 5.17% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 2 | $1,410,000 | $705,000 | $6,819 | 5.63% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 3 | $925,000 | $308,333 | $11,438 | 5.33% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 2 | $800,000 | $400,000 | $5,032 | 6.13% |
| TULSA, OK (FHA|USDA|VA) | 2 | $710,000 | $355,000 | $6,253 | 4.69% |
| Stephenville, TX (FHA|USDA|VA) | 3 | $645,000 | $215,000 | $8,573 | 6.46% |
| Fredericksburg, TX (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $0 | 6.00% |
| TYLER, TX (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $10,220 | 5.88% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $9,228 | 6.13% |
| Corsicana, TX (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $8,802 | 4.38% |
| KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $4,975 | 4.25% |
| Kingsville, TX (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $4,972 | 3.75% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $5,075 | 5.13% |
| BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $7,822 | 5.88% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $6,861 | 5.75% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 4.10% |
| WACO, TX (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $5,153 | 6.00% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $5,319 | 4.50% |
| MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $4,881 | 5.38% |
| Durango, CO (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $4,200 | 4.50% |
| Sweetwater, TX (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $4,685 | 4.63% |
| LAWTON, OK (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $6,215 | 3.63% |
| Lufkin, TX (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 7.00% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $5,273 | 4.50% |
| LONGVIEW, TX (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $3,584 | 4.25% |
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 313 | $138,715,000 | $443,179 | $7,828 | 5.25% |
| VA | 13 | $4,815,000 | $370,385 | $10,421 | 4.84% |
| FHA | 12 | $3,370,000 | $280,833 | $11,921 | 5.07% |
For 2022, Affiliated Bank's most frequently originated type of loan was Conventional, with 313 originations. Their 2nd most popular type was VA, with 13 originations.
Loan Reason
For 2022, Affiliated Bank's most frequently cited loan purpose was Home Purchase, with 266 originations. The 2nd most popular reason was Cash Out Refi, with 42 originations.
Loan Duration/Length
For 2022, Affiliated Bank's most frequently cited loan duration was 30 Year, with 278 originations. The 2nd most popular length was 20 Year, with 22 originations.
Origination Fees/Closing Costs
Affiliated Bank's average total fees were $8,165, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 81 originations.
Interest Rates
During 2022, Affiliated Bank's average interest rate for loans was 5.14%, while their most frequently originated rate bucket for loans was 5-6%, with 117 originations.
Loan Sizing
2022 saw Affiliated Bank place emphasis on $200k-400k loans with 153 originations, totaling $45,305,000 in origination value.
Applicant Income
Affiliated Bank lent most frequently to those with incomes in the $100k-150k range, with 76 originations. The second most popular income band? $150k-250k, with 74 originations.
Applicant Debt to Income Ratio
Affiliated Bank lent most frequently to those with DTI ratios of 30-36%, with 53 originations. The next most common DTI ratio? 20-30%, with 47 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.83%
Affiliated Bank has an average approval rate.
Pick Rate
Approvals leading to origination69.82%
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 | 338 | $146,900,000 | $434,615 |