Commercial Bank Of Texas Mortgage Rates, Fees & Info

Nacogdoches, TX

LEI: 549300M16XETIG2Z5N24

Tax ID: 75-0203352

5 stars - Updated: 4/5/25 - out of 5 stars, based on 20 reviews

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • 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: Lufkin, Nacogdoches, Dallas, Palestine, and Houston among others. We have data for 24 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Commercial Bank Of Texas 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. Commercial Bank Of Texas is typically a low 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 about average 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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 7.22% 4/5/25
    30 Year Conventional Refi 6.95% 4/5/25
    30 Year Cash-out Refi 7.43% 4/5/25
    30 Year FHA Purchase 6.92% 4/5/25
    30 Year FHA Refi 6.72% 4/5/25
    30 Year VA Purchase 6.48% 4/5/25
    30 Year VA Refi 6.15% 4/5/25
    15 Year Conventional Purchase 6.79% 4/5/25
    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






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Commercial Bank Of Texas. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    412

    Origination Dollar Volume (All Markets)

    $113,450,000
    Show all (6) awards

    Relative Rate

    Commercial Bank Of Texas's average 30 year fixed mortgage rate was 6.89%.

    The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.

    This yields a difference of 0.34%.

    Relative Fees (Closing Costs)

    Commercial Bank Of Texas's average total fees/closing costs for a 30 year fixed rate mortgage were $5,682.

    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 $8,356.

    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
    Lufkin, TX (FHA|USDA|VA) 139 $32,875,000 $236,511 $4,645 7.53%
    Nacogdoches, TX (FHA|USDA|VA) 113 $29,835,000 $264,027 $4,525 7.50%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 37 $19,945,000 $539,054 $8,269 7.15%
    Outside of Metro Areas 40 $10,850,000 $271,250 $5,119 7.38%
    Palestine, TX (FHA|USDA|VA) 35 $7,375,000 $210,714 $4,808 7.45%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 10 $3,200,000 $320,000 $6,569 7.04%
    Jacksonville, TX (FHA|USDA|VA) 7 $1,225,000 $175,000 $2,981 7.88%
    SHERMAN-DENISON, TX (FHA|USDA|VA) 4 $1,130,000 $282,500 $7,493 6.94%
    Mineral Wells, TX (FHA|USDA|VA) 4 $900,000 $225,000 $6,307 6.46%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 1 $825,000 $825,000 $2,208 6.99%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 2 $700,000 $350,000 $5,131 6.69%
    ABILENE, TX (FHA|USDA|VA) 3 $665,000 $221,667 $4,077 7.21%
    TYLER, TX (FHA|USDA|VA) 2 $640,000 $320,000 $4,316 7.75%
    Sulphur Springs, TX (FHA|USDA|VA) 2 $590,000 $295,000 $6,347 7.13%
    Athens, TX (FHA|USDA|VA) 3 $445,000 $148,333 $2,745 7.92%
    Brownwood, TX (FHA|USDA|VA) 1 $355,000 $355,000 $6,961 5.99%
    SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 1 $335,000 $335,000 $6,590 6.99%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $305,000 $305,000 $4,326 7.25%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 1 $295,000 $295,000 $5,367 6.38%
    Stephenville, TX (FHA|USDA|VA) 1 $245,000 $245,000 $8,377 5.75%
    COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 1 $245,000 $245,000 $0 7.75%
    Mount Pleasant, TX (FHA|USDA|VA) 1 $175,000 $175,000 $5,861 6.63%
    LONGVIEW, TX (FHA|USDA|VA) 2 $160,000 $80,000 $3,448 7.81%
    Bonham, TX (FHA|USDA|VA) 1 $135,000 $135,000 $3,983 8.50%
    Commercial Bank Of Texas's top markets include Lufkin, Nacogdoches, Dallas, Palestine, and Houston among others.

    Their top states include:
  • Texas (FHA|USDA|VA)
  • Kansas (FHA|USDA|VA)
  • Oklahoma (FHA|USDA|VA)
  • Pennsylvania (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Commercial Bank of Texas based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    DSLD MORTGAGE, LLC
    Similarity Rank: 105
    VeraBank
    Similarity Rank: 120
    GSB MORTGAGE, INC.
    Similarity Rank: 133
    Austin Bank, Texas
    Similarity Rank: 180
    AMOCO
    Similarity Rank: 180
    SMART CHOICE MORTGAGE, A TEXAS LIMITED LIABILITY C
    Similarity Rank: 237
    SCHLUMBERGER EMPLOYEES CREDIT UNION
    Similarity Rank: 275
    SMART FINANCIAL CREDIT UNION
    Similarity Rank: 405
    DATCU
    Similarity Rank: 468
    PRIMEWAY
    Similarity Rank: 532

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 369 $100,755,000 $273,049 $4,463 7.58%
    FHA 31 $7,805,000 $251,774 $9,092 6.13%
    VA 12 $4,890,000 $407,500 $9,395 6.12%

    For 2024, Commercial Bank Of Texas's most frequently originated type of loan was Conventional, with 369 originations. Their 2nd most popular type was FHA, with 31 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 328 $97,370,000 $296,860 $5,451 7.29%
    Cash Out Refi 35 $8,385,000 $239,571 $4,244 8.20%
    Other 31 $4,805,000 $155,000 $3,151 8.02%
    Home Improvement 10 $1,030,000 $103,000 $2,701 8.13%
    Refi 8 $1,860,000 $232,500 $4,623 6.66%

    For 2024, Commercial Bank Of Texas's most frequently cited loan purpose was Home Purchase, with 328 originations. The 2nd most popular reason was Cash Out Refi, with 35 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 233 $67,715,000 $290,622 $5,682 6.89%
    20 Year 98 $20,030,000 $204,388 $3,479 8.11%
    15 Year 35 $5,055,000 $144,429 $3,705 7.92%
    Other 22 $10,480,000 $476,364 $2,961 8.27%
    10 Year 13 $1,135,000 $87,308 $1,542 8.40%
    1 Year 4 $1,030,000 $257,500 $0 8.38%
    30+ year 4 $7,860,000 $1,965,000 $18,316 8.25%
    5 Year 3 $145,000 $48,333 $2,482 8.17%

    For 2024, Commercial Bank Of Texas's most frequently cited loan duration was 30 Year, with 233 originations. The 2nd most popular length was 20 Year, with 98 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 229 $51,095,000 $223,122
    $1k-2k 71 $21,725,000 $305,986
    $2k-3k 16 $3,880,000 $242,500
    $3k-4k 10 $3,710,000 $371,000
    $5k+ 9 $9,095,000 $1,010,556
    $4k-5k 5 $1,405,000 $281,000

    Commercial Bank Of Texas's average total fees were $5,682, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 229 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    7-8% 155 $44,085,000 $284,419
    6-7% 129 $40,335,000 $312,674
    Over 8% 97 $19,215,000 $198,093
    5-6% 30 $9,520,000 $317,333
    4-5% 1 $295,000 $295,000

    During 2024, Commercial Bank Of Texas's average interest rate for loans was 6.89%, while their most frequently originated rate bucket for loans was 7-8%, with 155 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 147 $40,945,000 $278,537 $5,516 7.07%
    $100k-200k 129 $18,975,000 $147,093 $4,253 7.66%
    $100,000 or less 70 $4,600,000 $65,714 $2,386 8.11%
    $400k-600k 49 $23,615,000 $481,939 $7,373 6.99%
    $600k-1MM 13 $9,405,000 $723,462 $5,774 6.95%
    $1MM+ 4 $15,910,000 $3,977,500 $31,946 8.00%

    2024 saw Commercial Bank Of Texas place emphasis on $200k-400k loans with 147 originations, totaling $40,945,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 88 $29,060,000 $330,227 $5,318 7.21%
    $100k-150k 86 $20,990,000 $244,070 $5,200 7.27%
    $50k-75k 69 $10,235,000 $148,333 $4,148 7.40%
    $75k-100k 63 $11,745,000 $186,429 $5,060 7.26%
    $250k+ 39 $20,395,000 $522,949 $6,960 7.44%
    $50k or less 19 $1,725,000 $90,789 $3,769 7.68%

    Commercial Bank Of Texas lent most frequently to those with incomes in the $150k-250k range, with 88 originations. The second most popular income band? $100k-150k, with 86 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 79 $16,895,000 $213,861 $5,043 7.28%
    30-36% 66 $17,820,000 $270,000 $4,646 7.41%
    <20% 34 $8,740,000 $257,059 $4,909 7.78%
    39% 17 $4,125,000 $242,647 $4,224 7.40%
    49% 17 $4,965,000 $292,059 $6,467 7.03%
    43% 15 $4,815,000 $321,000 $5,111 7.11%
    42% 14 $4,360,000 $311,429 $5,345 7.52%
    50-60% 14 $3,610,000 $257,857 $5,184 7.46%
    37% 13 $2,315,000 $178,077 $4,384 7.35%
    45% 13 $2,645,000 $203,462 $4,304 7.69%
    48% 12 $4,390,000 $365,833 $6,012 6.88%
    38% 12 $3,240,000 $270,000 $4,615 6.94%
    44% 12 $2,360,000 $196,667 $5,290 7.11%
    40% 12 $3,440,000 $286,667 $5,774 7.04%
    46% 11 $3,255,000 $295,909 $6,530 6.98%
    47% 9 $3,175,000 $352,778 $6,477 6.71%
    41% 9 $2,685,000 $298,333 $4,923 7.05%
    36% 5 $995,000 $199,000 $4,349 7.55%
    >60% 5 $1,155,000 $231,000 $3,479 8.30%

    Commercial Bank Of Texas lent most frequently to those with DTI ratios of 20-30%, with 79 originations. The next most common DTI ratio? 30-36%, with 66 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 323 $79,155,000 $245,062 $4,975 7.30%
    Not applicable 42 $18,250,000 $434,524 $0 8.36%
    Black 12 $5,770,000 $480,833 $6,178 7.66%
    Not provided 29 $5,605,000 $193,276 $4,201 7.43%
    Asian 5 $4,455,000 $891,000 $11,228 7.75%
    American Indian 1 $215,000 $215,000 $7,518 5.99%

    Approval Rates

    Total approvals of all applications
    90.76%

    Commercial Bank Of Texas has an average approval rate.

    Pick Rate

    Approvals leading to origination
    80.83%

    Commercial Bank Of Texas has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 412 $113,450,000 $275,364

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    412 $113,450,000 $275,364

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 37 $5,235,000 $141,486 $3,555 7.66%
    40-60% 50 $19,370,000 $387,400 $4,456 7.50%
    60-80% 157 $47,425,000 $302,070 $5,013 7.62%
    80-100% 152 $39,630,000 $260,724 $5,798 7.10%
    Over 100% 3 $665,000 $221,667 $9,756 7.04%
    Under 20% 13 $1,125,000 $86,538 $2,555 8.04%