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 markets by origination volume include: Waco, Killeen, and Granbury 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 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
40Origination Dollar Volume (All Markets)
$7,570,000Top 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) | 28 | $5,510,000 | $196,786 | $0 | 0.00% |
| Outside of Metro Areas | 10 | $1,650,000 | $165,000 | $0 | 0.00% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 0.00% |
| Granbury, TX (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 40 | $7,570,000 | $189,250 | $0 | 0.00% |
For 2019, Pointwest Bank's most frequently originated type of loan was Conventional, with 40 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 33 | $6,385,000 | $193,485 | $0 | 0.00% |
| Refi | 5 | $965,000 | $193,000 | $0 | 0.00% |
| Home Improvement | 2 | $220,000 | $110,000 | $0 | 0.00% |
For 2019, Pointwest Bank's most frequently cited loan purpose was Home Purchase, with 33 originations. The 2nd most popular reason was Refi, with 5 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 40 | $7,570,000 | $189,250 | $0 | 0.00% |
For 2019, Pointwest Bank's most frequently cited loan duration was Other, with 40 originations.
Loan Sizing
2019 saw Pointwest Bank place emphasis on $200k-400k loans with 16 originations, totaling $4,330,000 in origination value.
Applicant Income
Pointwest Bank lent most frequently to those with incomes in the $75k-100k range, with 12 originations. The second most popular income band? $100k-150k, with 9 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 40 | $7,570,000 | $189,250 | $0 | 0.00% |
Pointwest Bank lent most frequently to those with DTI ratios of Exempt%, with 40 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 39 | $7,475,000 | $191,667 | $0 | 0.00% |
| Not applicable | 1 | $95,000 | $95,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications92.16%
Pointwest Bank has an average approval rate.
Pick Rate
Approvals leading to origination82.50%
Pointwest Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 40 | $7,570,000 | $189,250 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 40 | $7,570,000 | $189,250 |
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| PENTAGON FEDERAL CREDIT UNION | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 2 | 9.5% |
| PENTAGON FEDERAL CREDIT UNION | Conventional home mortgage | Trouble during payment process | 8 | 38.1% |
| PENTAGON FEDERAL CREDIT UNION | Home equity loan or line of credit (HELOC) | Applying for a mortgage or refinancing an existing mortgage | 2 | 9.5% |
| PENTAGON FEDERAL CREDIT UNION | Home equity loan or line of credit (HELOC) | Closing on a mortgage | 2 | 9.5% |
| PENTAGON FEDERAL CREDIT UNION | Home equity loan or line of credit (HELOC) | Struggling to pay mortgage | 1 | 4.8% |
| PENTAGON FEDERAL CREDIT UNION | Home equity loan or line of credit (HELOC) | Trouble during payment process | 2 | 9.5% |
| PENTAGON FEDERAL CREDIT UNION | Other type of mortgage | Trouble during payment process | 3 | 14.3% |
| PENTAGON FEDERAL CREDIT UNION | VA mortgage | Closing on a mortgage | 1 | 4.8% |