Pointwest Bank Mortgage Rates, Fees & Info
West, TXLEI: 549300LHIG86DP0JR819
Tax ID: 74-0978497
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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 two markets are Waco and Dallas .Pointwest Bank has an above average approval rate when compared to the average across all lenders.
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Originations
31Origination Dollar Volume (All Markets)
$4,655,000Top 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) | 24 | $3,720,000 | $155,000 | $0 | 0.00% |
| Outside of Metro Areas | 5 | $615,000 | $123,000 | $0 | 0.00% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 31 | $4,655,000 | $150,161 | $0 | 0.00% |
For 2018, Pointwest Bank's most frequently originated type of loan was Conventional, with 31 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 25 | $3,775,000 | $151,000 | $0 | 0.00% |
| Home Improvement | 6 | $880,000 | $146,667 | $0 | 0.00% |
For 2018, Pointwest Bank's most frequently cited loan purpose was Home Purchase, with 25 originations. The 2nd most popular reason was Home Improvement, with 6 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 31 | $4,655,000 | $150,161 | $0 | 0.00% |
For 2018, Pointwest Bank's most frequently cited loan duration was Other, with 31 originations.
Loan Sizing
2018 saw Pointwest Bank place emphasis on $100,000 or less loans with 12 originations, totaling $760,000 in origination value.
Applicant Income
Pointwest Bank lent most frequently to those with incomes in the $50k-75k range, with 8 originations. The second most popular income band? $75k-100k, with 8 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 31 | $4,655,000 | $150,161 | $0 | 0.00% |
Pointwest Bank lent most frequently to those with DTI ratios of Exempt%, with 31 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 29 | $4,525,000 | $156,034 | $0 | 0.00% |
| Not applicable | 2 | $130,000 | $65,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications100.00%
Pointwest Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 31 | $4,655,000 | $150,161 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 31 | $4,655,000 | $150,161 |
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| PENTAGON FEDERAL CREDIT UNION | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 2 | 11.1% |
| PENTAGON FEDERAL CREDIT UNION | Conventional home mortgage | Incorrect information on your report | 1 | 5.6% |
| PENTAGON FEDERAL CREDIT UNION | Conventional home mortgage | Trouble during payment process | 3 | 16.7% |
| PENTAGON FEDERAL CREDIT UNION | Home equity loan or line of credit (HELOC) | Applying for a mortgage or refinancing an existing mortgage | 2 | 11.1% |
| PENTAGON FEDERAL CREDIT UNION | Home equity loan or line of credit (HELOC) | Trouble during payment process | 3 | 16.7% |
| PENTAGON FEDERAL CREDIT UNION | Other type of mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 5.6% |
| PENTAGON FEDERAL CREDIT UNION | Other type of mortgage | Closing on a mortgage | 1 | 5.6% |
| PENTAGON FEDERAL CREDIT UNION | Other type of mortgage | Struggling to pay mortgage | 2 | 11.1% |
| PENTAGON FEDERAL CREDIT UNION | Other type of mortgage | Trouble during payment process | 2 | 11.1% |
| PENTAGON FEDERAL CREDIT UNION | Other type of mortgage | Unable to get your credit report or credit score | 1 | 5.6% |