The First National Bank Of Albany Mortgage Rates, Fees & Info
Albany, TXLEI: 549300L34FQYD6PROV86
Tax ID: 75-0105467
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Mortgage Data
Review & Overview
The First National Bank Of Albany is a smaller bank specializing in Home Purchase and Refi loans. The First National Bank Of Albany has a high proportion of conventional loans. Their top markets by origination volume include: Abilene, Mineral Wells, Austin, Dallas, and Wichita Falls among others. We have data for 13 markets. (Some data included below & more in-depth data is available with an active subscription.)The First National Bank Of Albany 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.
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Originations
148Origination Dollar Volume (All Markets)
$31,430,000Top 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 |
|---|---|---|---|---|---|
| Outside of Metro Areas | 62 | $7,940,000 | $128,065 | $0 | 0.00% |
| ABILENE, TX (FHA|USDA|VA) | 43 | $7,765,000 | $180,581 | $0 | 0.00% |
| Mineral Wells, TX (FHA|USDA|VA) | 20 | $5,260,000 | $263,000 | $0 | 0.00% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $2,705,000 | $2,705,000 | $0 | 0.00% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 6 | $2,560,000 | $426,667 | $0 | 0.00% |
| WICHITA FALLS, TX (FHA|USDA|VA) | 1 | $1,595,000 | $1,595,000 | $0 | 0.00% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 7 | $1,575,000 | $225,000 | $0 | 0.00% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $0 | 0.00% |
| Stephenville, TX (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $0 | 0.00% |
| Granbury, TX (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $0 | 0.00% |
| WACO, TX (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 0.00% |
| Big Spring, TX (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 0.00% |
| LUBBOCK, TX (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 148 | $31,430,000 | $212,365 | $0 | 0.00% |
For 2023, The First National Bank Of Albany's most frequently originated type of loan was Conventional, with 148 originations.
Loan Reason
For 2023, The First National Bank Of Albany's most frequently cited loan purpose was Home Purchase, with 70 originations. The 2nd most popular reason was Refi, with 46 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 148 | $31,430,000 | $212,365 | $0 | 0.00% |
For 2023, The First National Bank Of Albany's most frequently cited loan duration was Other, with 148 originations.
Loan Sizing
2023 saw The First National Bank Of Albany place emphasis on $100,000 or less loans with 62 originations, totaling $3,460,000 in origination value.
Applicant Income
The First National Bank Of Albany lent most frequently to those with incomes in the $150k-250k range, with 24 originations. The second most popular income band? $100k-150k, with 23 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 148 | $31,430,000 | $212,365 | $0 | 0.00% |
The First National Bank Of Albany lent most frequently to those with DTI ratios of Exempt%, with 148 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.07%
The First National Bank Of Albany has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination84.46%
The First National Bank Of Albany has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 148 | $31,430,000 | $212,365 |