Tib The Independent Bankersbank Mortgage Rates, Fees & Info
Farmers Branch, TXLEI: 549300KW705BBINDIZ26
Tax ID: 75-1774772
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Mortgage Data
Review & Overview
Tib The Independent Bankersbank is a smaller bank specializing in Home Purchase loans. Tib The Independent Bankersbank 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: Tyler, Dallas, Waco, Lafayette, and Alexandria among others. We have data for 52 markets. (Some data included below & more in-depth data is available with an active subscription.)Tib The Independent Bankersbank has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders. Tib The Independent Bankersbank 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 | 6.82% | 11/17/24 |
| 30 Year Conventional Refi | 6.65% | 11/17/24 |
| 30 Year Cash-out Refi | 6.72% | 11/17/24 |
| 30 Year FHA Purchase | 7.42% | 11/17/24 |
| 30 Year VA Purchase | 6.01% | 11/17/24 |
| 30 Year USDA Purchase | 6.62% | 11/17/24 |
| 15 Year Conventional Purchase | 6.66% | 11/17/24 |
| 15 Year Conventional Refi | 5.99% | 11/17/24 |
| 15 Year Cash-out Refi | 5.99% | 11/17/24 |
| 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. | ||
Tib The Independent Bankersbank Mortgage Calculator
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Tib The Independent Bankersbank. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
191Origination Dollar Volume (All Markets)
$48,775,000Relative Rate
Tib The Independent Bankersbank's average 30 year fixed mortgage rate was
6.88%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 0.4%.
Relative Fees (Closing Costs)
Tib The Independent Bankersbank's average total fees/closing costs for a 30 year fixed rate
mortgage were $8,581.
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 |
|---|---|---|---|---|---|
| Outside of Metro Areas | 56 | $13,160,000 | $235,000 | $7,514 | 6.94% |
| TYLER, TX (FHA|USDA|VA) | 18 | $5,080,000 | $282,222 | $11,731 | 6.96% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 10 | $3,390,000 | $339,000 | $9,844 | 7.01% |
| WACO, TX (FHA|USDA|VA) | 11 | $2,905,000 | $264,091 | $12,665 | 6.39% |
| LAFAYETTE, LA (FHA|USDA|VA) | 6 | $1,900,000 | $316,667 | $7,294 | 7.06% |
| ALEXANDRIA, LA (FHA|USDA|VA) | 10 | $1,870,000 | $187,000 | $8,281 | 6.54% |
| MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) | 6 | $1,690,000 | $281,667 | $12,795 | 7.08% |
| Deming, NM (FHA|USDA|VA) | 8 | $1,660,000 | $207,500 | $5,682 | 6.55% |
| AMARILLO, TX (FHA|USDA|VA) | 4 | $1,030,000 | $257,500 | $6,990 | 7.06% |
| TULSA, OK (FHA|USDA|VA) | 3 | $875,000 | $291,667 | $11,505 | 7.67% |
| Athens, TX (FHA|USDA|VA) | 3 | $815,000 | $271,667 | $5,890 | 6.54% |
| Huntsville, TX (FHA|USDA|VA) | 3 | $805,000 | $268,333 | $10,146 | 6.67% |
| MISSOULA, MT (FHA|USDA|VA) | 2 | $780,000 | $390,000 | $10,592 | 6.88% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 2 | $750,000 | $375,000 | $4,589 | 7.13% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 1 | $705,000 | $705,000 | $10,567 | 6.88% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 3 | $645,000 | $215,000 | $6,843 | 7.17% |
| PINE BLUFF, AR (FHA|USDA|VA) | 2 | $630,000 | $315,000 | $11,156 | 6.06% |
| LAS CRUCES, NM (FHA|USDA|VA) | 2 | $600,000 | $300,000 | $7,046 | 6.56% |
| Dumas, TX (FHA|USDA|VA) | 4 | $570,000 | $142,500 | $5,608 | 7.03% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 1 | $535,000 | $535,000 | $5,609 | 6.50% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $17,488 | 6.63% |
| SPRINGFIELD, MO (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $5,067 | 7.25% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $12,022 | 7.13% |
| LONGVIEW, TX (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $12,403 | 6.44% |
| Fredericksburg, TX (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $6,510 | 7.63% |
| Outside of Metro Areas | 1 | $365,000 | $365,000 | $12,199 | 6.75% |
| LUBBOCK, TX (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $5,370 | 7.00% |
| Brownwood, TX (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $6,095 | 6.50% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $2,852 | 6.75% |
| SAN ANGELO, TX (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $5,253 | 6.50% |
| Ardmore, OK (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $9,645 | 6.63% |
| Lebanon, MO (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $3,653 | 6.44% |
| SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $9,157 | 6.88% |
| Bonham, TX (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $7,112 | 7.63% |
| BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $11,322 | 7.88% |
| Frankfort, IN (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $5,684 | 7.25% |
| Lufkin, TX (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $3,446 | 7.38% |
| Hereford, TX (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $5,480 | 6.38% |
| Silver City, NM (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $4,514 | 7.13% |
| ABILENE, TX (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,582 | 6.38% |
| Palestine, TX (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $6,747 | 6.75% |
| BATON ROUGE, LA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $5,424 | 6.75% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $9,445 | 7.00% |
| Jacksonville, TX (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $10,428 | 6.13% |
| EL PASO, TX (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,632 | 6.50% |
| Bartlesville, OK (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $10,260 | 7.75% |
| Galesburg, IL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $5,789 | 5.75% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $6,116 | 5.63% |
| HOUMA-THIBODAUX, LA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $6,337 | 7.88% |
| LAKE CHARLES, LA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $5,474 | 6.88% |
| Miami, OK (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $7,745 | 7.75% |
| PEORIA, IL (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $4,636 | 7.50% |
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Product Mix
For 2023, Tib The Independent Bankersbank's most frequently originated type of loan was Conventional, with 121 originations. Their 2nd most popular type was FHA, with 45 originations.
Loan Reason
For 2023, Tib The Independent Bankersbank's most frequently cited loan purpose was Home Purchase, with 163 originations. The 2nd most popular reason was Refi, with 16 originations.
Loan Duration/Length
For 2023, Tib The Independent Bankersbank's most frequently cited loan duration was 30 Year, with 172 originations. The 2nd most popular length was 15 Year, with 11 originations.
Origination Fees/Closing Costs
Tib The Independent Bankersbank's average total fees were $8,581, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 52 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 95 | $25,395,000 | $267,316 |
| 7-8% | 77 | $19,085,000 | $247,857 |
| 5-6% | 18 | $3,960,000 | $220,000 |
| Over 8% | 1 | $335,000 | $335,000 |
During 2023, Tib The Independent Bankersbank's average interest rate for loans was 6.88%, while their most frequently originated rate bucket for loans was 6-7%, with 95 originations.
Loan Sizing
2023 saw Tib The Independent Bankersbank place emphasis on $200k-400k loans with 85 originations, totaling $24,175,000 in origination value.
Applicant Income
Tib The Independent Bankersbank lent most frequently to those with incomes in the $100k-150k range, with 43 originations. The second most popular income band? $50k-75k, with 43 originations.
Applicant Debt to Income Ratio
Tib The Independent Bankersbank lent most frequently to those with DTI ratios of 30-36%, with 43 originations. The next most common DTI ratio? 20-30%, with 29 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.22%
Tib The Independent Bankersbank has an average approval rate.
Pick Rate
Approvals leading to origination92.67%
Tib The Independent Bankersbank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 191 | $48,775,000 | $255,366 |