The First National Bank Of Tom Bean Mortgage Rates, Fees & Info
Tom Bean, TXLEI: 549300LFR4FQMI48MF92
Tax ID: 75-0616404
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 Tom Bean is a smaller bank specializing in Home Purchase and Refi loans. The First National Bank Of Tom Bean has a high proportion of conventional loans. Their top markets by origination volume include: Sherman, Texarkana, Hope, Bonham, and Paris among others. We have data for 11 markets. (Some data included below & more in-depth data is available with an active subscription.)The First National Bank Of Tom Bean 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
101Origination Dollar Volume (All Markets)
$19,875,000Top 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 |
|---|---|---|---|---|---|
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 25 | $7,405,000 | $296,200 | $0 | 0.00% |
| TEXARKANA, TX-AR (FHA|USDA|VA) | 15 | $5,555,000 | $370,333 | $0 | 0.00% |
| Hope, AR (FHA|USDA|VA) | 36 | $3,460,000 | $96,111 | $0 | 0.00% |
| Outside of Metro Areas | 17 | $1,835,000 | $107,941 | $0 | 0.00% |
| Bonham, TX (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $0 | 0.00% |
| Paris, TX (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $0 | 0.00% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $0 | 0.00% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 0.00% |
| LUBBOCK, TX (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
| Magnolia, AR (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
| Arkadelphia, AR (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 101 | $19,875,000 | $196,782 | $0 | 0.00% |
For 2022, The First National Bank Of Tom Bean's most frequently originated type of loan was Conventional, with 101 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 41 | $6,415,000 | $156,463 | $0 | 0.00% |
| Refi | 41 | $11,855,000 | $289,146 | $0 | 0.00% |
| Cash Out Refi | 19 | $1,605,000 | $84,474 | $0 | 0.00% |
For 2022, The First National Bank Of Tom Bean's most frequently cited loan purpose was Home Purchase, with 41 originations. The 2nd most popular reason was Refi, with 41 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 101 | $19,875,000 | $196,782 | $0 | 0.00% |
For 2022, The First National Bank Of Tom Bean's most frequently cited loan duration was Other, with 101 originations.
Loan Sizing
2022 saw The First National Bank Of Tom Bean place emphasis on $100,000 or less loans with 38 originations, totaling $1,970,000 in origination value.
Applicant Income
The First National Bank Of Tom Bean lent most frequently to those with incomes in the $150k-250k range, with 22 originations. The second most popular income band? $100k-150k, with 20 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 101 | $19,875,000 | $196,782 | $0 | 0.00% |
The First National Bank Of Tom Bean lent most frequently to those with DTI ratios of Exempt%, with 101 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications99.14%
The First National Bank Of Tom Bean has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination89.11%
The First National Bank Of Tom Bean has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 101 | $19,875,000 | $196,782 |