Commercial Bank Of Texas Mortgage Rates, Fees & Info
Nacogdoches, TXLEI: 549300M16XETIG2Z5N24
Tax ID: 75-0203352
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Mortgage Data
Review & Overview
Commercial Bank Of Texas is a smaller bank specializing in Home Purchase loans. Commercial Bank Of Texas has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Dallas, Lufkin, Nacogdoches, Palestine, and Houston among others. We have data for 33 markets. (Some data included below & more in-depth data is available with an active subscription.)Commercial Bank Of Texas 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. Commercial Bank Of Texas 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.
We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.80% | 11/17/24 |
| 30 Year Conventional Refi | 6.55% | 11/17/24 |
| 30 Year Cash-out Refi | 6.96% | 11/17/24 |
| 30 Year FHA Purchase | 7.14% | 11/17/24 |
| 30 Year VA Purchase | 6.05% | 11/17/24 |
| 30 Year VA Refi | 5.96% | 11/17/24 |
| 15 Year Conventional Purchase | 6.34% | 11/17/24 |
| 15 Year Conventional Refi | 6.24% | 11/17/24 |
| 15 Year Cash-out Refi | 6.24% | 11/17/24 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
Commercial Bank Of Texas Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
458Origination Dollar Volume (All Markets)
$124,470,000Awards
Commercial Bank of Texas - 2023
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For 2023, less than of lenders were eligible for this award.
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Relative Rate
Commercial Bank Of Texas's average 30 year fixed mortgage rate was
6.96%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 0.48%.
Relative Fees (Closing Costs)
Commercial Bank Of Texas's average total fees/closing costs for a 30 year fixed rate
mortgage were $5,664.
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) | 61 | $32,135,000 | $526,803 | $8,110 | 6.86% |
| Lufkin, TX (FHA|USDA|VA) | 138 | $29,950,000 | $217,029 | $4,490 | 7.71% |
| Nacogdoches, TX (FHA|USDA|VA) | 105 | $24,865,000 | $236,810 | $4,682 | 7.63% |
| Outside of Metro Areas | 46 | $10,540,000 | $229,130 | $4,073 | 7.47% |
| Palestine, TX (FHA|USDA|VA) | 45 | $8,075,000 | $179,444 | $4,361 | 7.73% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 10 | $3,890,000 | $389,000 | $9,222 | 7.41% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 5 | $2,055,000 | $411,000 | $11,543 | 6.22% |
| TYLER, TX (FHA|USDA|VA) | 5 | $1,525,000 | $305,000 | $4,419 | 7.03% |
| Mineral Wells, TX (FHA|USDA|VA) | 4 | $1,510,000 | $377,500 | $7,402 | 6.47% |
| LONGVIEW, TX (FHA|USDA|VA) | 6 | $1,310,000 | $218,333 | $3,443 | 7.95% |
| Jacksonville, TX (FHA|USDA|VA) | 4 | $1,150,000 | $287,500 | $3,256 | 7.81% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $1,005,000 | $1,005,000 | $16,846 | 7.25% |
| Bonham, TX (FHA|USDA|VA) | 3 | $785,000 | $261,667 | $6,176 | 6.29% |
| Sulphur Springs, TX (FHA|USDA|VA) | 2 | $770,000 | $385,000 | $4,338 | 7.12% |
| Beeville, TX (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $11,039 | 5.99% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $3,640 | 7.62% |
| Gainesville, TX (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $15,342 | 5.25% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $0 | 7.88% |
| Paris, TX (FHA|USDA|VA) | 3 | $315,000 | $105,000 | $5,177 | 7.88% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $14,846 | 6.38% |
| Athens, TX (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $9,780 | 7.50% |
| Greenwood, SC (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $3,535 | 6.99% |
| Granbury, TX (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $7,939 | 6.75% |
| Mount Pleasant, TX (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $7,035 | 7.99% |
| WACO, TX (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $1,111 | 8.25% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $3,258 | 5.99% |
| Big Spring, TX (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $4,631 | 7.13% |
| TULSA, OK (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $8,968 | 7.88% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,625 | 6.50% |
| MOBILE, AL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 6.88% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,238 | 6.63% |
| Hope, AR (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $4,009 | 8.13% |
| BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 7.50% |
Similar Lenders
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 411 | $111,035,000 | $270,158 | $4,743 | 7.61% |
| FHA | 32 | $7,840,000 | $245,000 | $9,019 | 6.45% |
| VA | 15 | $5,595,000 | $373,000 | $8,133 | 6.35% |
For 2023, Commercial Bank Of Texas's most frequently originated type of loan was Conventional, with 411 originations. Their 2nd most popular type was FHA, with 32 originations.
Loan Reason
For 2023, Commercial Bank Of Texas's most frequently cited loan purpose was Home Purchase, with 359 originations. The 2nd most popular reason was Cash Out Refi, with 39 originations.
Loan Duration/Length
For 2023, Commercial Bank Of Texas's most frequently cited loan duration was 30 Year, with 279 originations. The 2nd most popular length was 20 Year, with 106 originations.
Origination Fees/Closing Costs
Commercial Bank Of Texas's average total fees were $5,664, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 252 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 149 | $25,655,000 | $172,181 |
| 6-7% | 137 | $43,885,000 | $320,328 |
| 7-8% | 125 | $36,485,000 | $291,880 |
| 5-6% | 44 | $17,510,000 | $397,955 |
| 4-5% | 2 | $720,000 | $360,000 |
During 2023, Commercial Bank Of Texas's average interest rate for loans was 6.96%, while their most frequently originated rate bucket for loans was Over 8%, with 149 originations.
Loan Sizing
2023 saw Commercial Bank Of Texas place emphasis on $200k-400k loans with 163 originations, totaling $46,205,000 in origination value.
Applicant Income
Commercial Bank Of Texas lent most frequently to those with incomes in the $100k-150k range, with 107 originations. The second most popular income band? $150k-250k, with 91 originations.
Applicant Debt to Income Ratio
Commercial Bank Of Texas lent most frequently to those with DTI ratios of 30-36%, with 79 originations. The next most common DTI ratio? 20-30%, with 75 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications88.04%
Commercial Bank Of Texas has an average approval rate.
Pick Rate
Approvals leading to origination84.28%
Commercial Bank Of Texas has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 458 | $124,470,000 | $271,769 |