The First National Bank Of Albany Mortgage Rates, Fees & Info
Albany, TXLEI: 549300L34FQYD6PROV86
Tax ID: 75-0105467
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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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, Charleston, Dallas, Mineral Wells, and Brownwood among others. We have data for 21 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
147Origination Dollar Volume (All Markets)
$32,755,000Top 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 |
|---|---|---|---|---|---|
| ABILENE, TX (FHA|USDA|VA) | 40 | $11,890,000 | $297,250 | $0 | 0.00% |
| Outside of Metro Areas | 71 | $9,035,000 | $127,254 | $0 | 0.00% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 1 | $2,685,000 | $2,685,000 | $0 | 0.00% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 4 | $2,150,000 | $537,500 | $0 | 0.00% |
| Mineral Wells, TX (FHA|USDA|VA) | 11 | $1,645,000 | $149,545 | $0 | 0.00% |
| Brownwood, TX (FHA|USDA|VA) | 2 | $920,000 | $460,000 | $0 | 0.00% |
| Lamesa, TX (FHA|USDA|VA) | 1 | $765,000 | $765,000 | $0 | 0.00% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 2 | $570,000 | $285,000 | $0 | 0.00% |
| Stephenville, TX (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $0 | 0.00% |
| LUBBOCK, TX (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $0 | 0.00% |
| WACO, TX (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $0 | 0.00% |
| Nacogdoches, TX (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 0.00% |
| Granbury, TX (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 0.00% |
| HOT SPRINGS, AR (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 0.00% |
| Ruidoso, NM (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 0.00% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 0.00% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 0.00% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 0.00% |
| LAWTON, OK (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
| TYLER, TX (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
| Sweetwater, TX (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 147 | $32,755,000 | $222,823 | $0 | 0.00% |
For 2022, The First National Bank Of Albany's most frequently originated type of loan was Conventional, with 147 originations.
Loan Reason
For 2022, The First National Bank Of Albany's most frequently cited loan purpose was Home Purchase, with 65 originations. The 2nd most popular reason was Other, with 48 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 147 | $32,755,000 | $222,823 | $0 | 0.00% |
For 2022, The First National Bank Of Albany's most frequently cited loan duration was Other, with 147 originations.
Loan Sizing
2022 saw The First National Bank Of Albany place emphasis on $100,000 or less loans with 67 originations, totaling $3,815,000 in origination value.
Applicant Income
The First National Bank Of Albany lent most frequently to those with incomes in the $50k or less range, with 25 originations. The second most popular income band? $50k-75k, with 20 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 147 | $32,755,000 | $222,823 | $0 | 0.00% |
The First National Bank Of Albany lent most frequently to those with DTI ratios of Exempt%, with 147 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.06%
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 origination87.76%
The First National Bank Of Albany has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 147 | $32,755,000 | $222,823 |