Pointwest Bank Mortgage Rates, Fees & Info
West, TXLEI: 549300LHIG86DP0JR819
Tax ID: 74-0978497
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Pointwest Bank is a smaller bank specializing in Home Purchase loans. Pointwest Bank has a high proportion of conventional loans. Their top markets by origination volume include: Waco, Savannah, and Minneapolis among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)Pointwest Bank has an 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
26Origination Dollar Volume (All Markets)
$5,590,000Top 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 |
|---|---|---|---|---|---|
| WACO, TX (FHA|USDA|VA) | 10 | $2,520,000 | $252,000 | $0 | 0.00% |
| Outside of Metro Areas | 13 | $2,235,000 | $171,923 | $0 | 0.00% |
| SAVANNAH, GA (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $0 | 0.00% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 26 | $5,590,000 | $215,000 | $0 | 0.00% |
For 2023, Pointwest Bank's most frequently originated type of loan was Conventional, with 26 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 20 | $4,920,000 | $246,000 | $0 | 0.00% |
| Home Improvement | 3 | $355,000 | $118,333 | $0 | 0.00% |
| Refi | 3 | $315,000 | $105,000 | $0 | 0.00% |
For 2023, Pointwest Bank's most frequently cited loan purpose was Home Purchase, with 20 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 |
|---|---|---|---|---|---|
| Other | 26 | $5,590,000 | $215,000 | $0 | 0.00% |
For 2023, Pointwest Bank's most frequently cited loan duration was Other, with 26 originations.
Loan Sizing
2023 saw Pointwest Bank place emphasis on $100,000 or less loans with 9 originations, totaling $685,000 in origination value.
Applicant Income
Pointwest Bank lent most frequently to those with incomes in the $100k-150k range, with 9 originations. The second most popular income band? $150k-250k, with 6 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 26 | $5,590,000 | $215,000 | $0 | 0.00% |
Pointwest Bank lent most frequently to those with DTI ratios of Exempt%, with 26 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications78.95%
Pointwest Bank has a below average approval rate.
Pick Rate
Approvals leading to origination84.62%
Pointwest Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 26 | $5,590,000 | $215,000 |