Tolleson Private Bank Mortgage Rates, Fees & Info

DALLAS, TX

LEI: 549300LBSJDS5R7PIK62

Tax ID: 11-3647540

5 stars - Updated: 11/11/24 - out of 5 stars, based on 6 reviews

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

Review & Overview

Tolleson Private Bank is a smaller bank specializing in Home Purchase loans. Tolleson Private Bank has a high proportion of conventional loans. Their top markets by origination volume include: Dallas, Crestview, Los Angeles, New York, and Kerrville among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)

Tolleson Private 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. Tolleson Private 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 relatively high rates.

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Originations

34

Origination Dollar Volume (All Markets)

$50,880,000

Relative Rate

Tolleson Private Bank's average 30 year fixed mortgage rate was 6.03%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of -0.45%.

Relative Fees (Closing Costs)

Tolleson Private Bank's average total fees/closing costs for a 30 year fixed rate mortgage were $5,000.

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
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 25 $32,465,000 $1,298,600 $9,832 6.40%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $10,605,000 $10,605,000 $0 6.25%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 1 $1,435,000 $1,435,000 $0 6.25%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 1 $1,405,000 $1,405,000 $5,186 7.00%
Kerrville, TX (FHA|USDA|VA) 1 $1,255,000 $1,255,000 $27,586 7.25%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $1,115,000 $1,115,000 $3,435 6.25%
Athens, TX (FHA|USDA|VA) 1 $845,000 $845,000 $0 6.25%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 1 $695,000 $695,000 $3,022 5.75%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $585,000 $585,000 $5,465 6.50%
Forest City, NC (FHA|USDA|VA) 1 $475,000 $475,000 $2,603 6.25%
Tolleson Private Bank's top markets include Dallas, Crestview, Los Angeles, New York, and Kerrville among others.

Their top states include:
  • Texas (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • California (FHA|USDA|VA)
  • New York (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 34 $50,880,000 $1,496,471 $9,429 6.40%

    For 2023, Tolleson Private Bank's most frequently originated type of loan was Conventional, with 34 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 27 $42,505,000 $1,574,259 $7,026 6.23%
    Home Improvement 3 $3,245,000 $1,081,667 $22,724 7.17%
    Refi 2 $2,640,000 $1,320,000 $19,238 6.63%
    Other 1 $1,405,000 $1,405,000 $5,186 7.00%
    Cash Out Refi 1 $1,085,000 $1,085,000 $0 7.75%

    For 2023, Tolleson Private Bank's most frequently cited loan purpose was Home Purchase, with 27 originations. The 2nd most popular reason was Home Improvement, with 3 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    10 Year 22 $29,240,000 $1,329,091 $10,424 6.61%
    30 Year 8 $3,750,000 $468,750 $5,000 6.03%
    Other 3 $7,285,000 $2,428,333 $15,268 5.92%
    3 Year 1 $10,605,000 $10,605,000 $0 6.25%

    For 2023, Tolleson Private Bank's most frequently cited loan duration was 10 Year, with 22 originations. The 2nd most popular length was 30 Year, with 8 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 25 $29,135,000 $1,165,400
    $5k+ 4 $5,070,000 $1,267,500

    Tolleson Private Bank's average total fees were $5,000, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 25 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 24 $39,290,000 $1,637,083
    5-6% 5 $2,635,000 $527,000
    7-8% 4 $6,270,000 $1,567,500
    2.5-3% 1 $2,685,000 $2,685,000

    During 2023, Tolleson Private Bank's average interest rate for loans was 6.03%, while their most frequently originated rate bucket for loans was 6-7%, with 24 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $1MM+ 16 $40,910,000 $2,556,875 $15,506 6.45%
    $400k-600k 10 $4,890,000 $489,000 $5,683 6.30%
    $600k-1MM 6 $4,580,000 $763,333 $4,831 6.44%
    $100k-200k 1 $195,000 $195,000 $3,633 6.13%
    $200k-400k 1 $305,000 $305,000 $2,750 6.75%

    2023 saw Tolleson Private Bank place emphasis on $1MM+ loans with 16 originations, totaling $40,910,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 10 $14,800,000 $1,480,000 $9,960 6.83%
    $150k-250k 5 $2,415,000 $483,000 $4,831 6.08%
    $100k-150k 2 $1,000,000 $500,000 $4,250 5.81%
    $50k-75k 1 $195,000 $195,000 $3,633 6.13%
    $75k-100k 1 $305,000 $305,000 $2,750 6.75%

    Tolleson Private Bank lent most frequently to those with incomes in the $250k+ range, with 10 originations. The second most popular income band? $150k-250k, with 5 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 6 $3,610,000 $601,667 $4,954 6.33%
    39% 4 $8,220,000 $2,055,000 $12,095 6.47%
    36% 1 $715,000 $715,000 $5,730 6.13%
    37% 1 $1,035,000 $1,035,000 $8,250 6.75%
    40% 1 $405,000 $405,000 $3,845 6.25%
    42% 1 $455,000 $455,000 $3,574 5.88%
    45% 1 $195,000 $195,000 $3,633 6.13%
    47% 1 $755,000 $755,000 $6,219 6.50%
    48% 1 $545,000 $545,000 $4,925 5.75%
    <20% 1 $1,505,000 $1,505,000 $10,620 7.00%
    >60% 1 $1,405,000 $1,405,000 $5,186 7.00%
    30-36% 1 $585,000 $585,000 $14,280 8.00%

    Tolleson Private Bank lent most frequently to those with DTI ratios of 20-30%, with 6 originations. The next most common DTI ratio? 39%, with 4 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 14 $31,450,000 $2,246,429 $14,341 6.32%
    White 19 $18,885,000 $993,947 $7,339 6.50%
    Not provided 1 $545,000 $545,000 $4,925 5.75%

    Approval Rates

    Total approvals of all applications
    93.02%

    Tolleson Private Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    82.35%

    Tolleson Private Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 34 $50,880,000 $1,496,471

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    34 $50,880,000 $1,496,471

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 2 $2,090,000 $1,045,000 $12,450 7.50%
    40-60% 7 $8,525,000 $1,217,857 $8,795 6.64%
    60-80% 6 $10,450,000 $1,741,667 $9,796 6.60%
    80-100% 15 $23,685,000 $1,579,000 $8,599 6.24%
    Under 20% 3 $3,445,000 $1,148,333 $16,903 6.67%