Commercial Bank Of Texas Mortgage Rates, Fees & Info

Nacogdoches, TX

LEI: 549300M16XETIG2Z5N24

Tax ID: 75-0203352

5 stars - Updated: 5/26/24 - out of 5 stars, based on 21 reviews

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

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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.

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

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.80% 5/26/24
30 Year Conventional Refi 6.55% 5/26/24
30 Year Cash-out Refi 6.96% 5/26/24
30 Year FHA Purchase 7.14% 5/26/24
30 Year VA Purchase 6.05% 5/26/24
30 Year VA Refi 5.96% 5/26/24
15 Year Conventional Purchase 6.34% 5/26/24
15 Year Conventional Refi 6.24% 5/26/24
15 Year Cash-out Refi 6.24% 5/26/24
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






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

458

Origination Dollar Volume (All Markets)

$124,470,000

Awards

Commercial Bank of Texas 30 Year Conventional Loans silver Commercial Bank of Texas 30 Year Conventional Loans gold Commercial Bank of Texas 30 Year Conventional Loans bronze
Show all (3) awards

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%
Commercial Bank Of Texas's top markets include Dallas, Lufkin, Nacogdoches, Palestine, and Houston among others.

Their top states include:
  • Texas (FHA|USDA|VA)
  • Oklahoma (FHA|USDA|VA)
  • New Mexico (FHA|USDA|VA)
  • Illinois (FHA|USDA|VA)
  • Arkansas (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.

    AMOCO
    Similarity Rank: 258
    SOUTHERN LENDING SERVICES, LTD.
    Similarity Rank: 296
    GIBRALTAR MORTGAGE SERVICES, LLC
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    COMMUNITY RESOURCE CREDIT UNION
    Similarity Rank: 714
    DATCU
    Similarity Rank: 981
    PRIMEWAY
    Similarity Rank: 1048
    HOMEWAY MORTGAGE LLC
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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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 359 $103,995,000 $289,680 $5,627 7.33%
    Cash Out Refi 39 $6,375,000 $163,462 $3,795 8.22%
    Other 26 $5,920,000 $227,692 $3,773 8.08%
    Refi 18 $6,140,000 $341,111 $5,095 7.24%
    Home Improvement 16 $2,040,000 $127,500 $2,907 8.55%

    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

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 279 $86,425,000 $309,767 $5,664 6.96%
    20 Year 106 $18,750,000 $176,887 $3,163 8.43%
    15 Year 39 $6,315,000 $161,923 $3,782 8.12%
    Other 13 $4,915,000 $378,077 $6,321 8.06%
    10 Year 13 $975,000 $75,000 $2,391 8.46%
    30+ year 3 $6,085,000 $2,028,333 $27,590 7.42%
    1 Year 3 $905,000 $301,667 $2,847 7.17%
    5 Year 2 $100,000 $50,000 $2,045 8.25%

    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

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 252 $61,010,000 $242,103
    $1k-2k 63 $17,465,000 $277,222
    $5k+ 19 $14,525,000 $764,474
    $2k-3k 15 $4,055,000 $270,333
    $4k-5k 13 $7,425,000 $571,154
    $3k-4k 12 $3,930,000 $327,500

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 163 $46,205,000 $283,466 $5,498 7.20%
    $100k-200k 135 $19,975,000 $147,963 $4,029 7.65%
    $100,000 or less 78 $5,090,000 $65,256 $2,744 8.48%
    $400k-600k 57 $27,105,000 $475,526 $6,939 6.73%
    $600k-1MM 17 $11,435,000 $672,647 $5,776 6.96%
    $1MM+ 8 $14,660,000 $1,832,500 $22,268 7.19%

    2023 saw Commercial Bank Of Texas place emphasis on $200k-400k loans with 163 originations, totaling $46,205,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 107 $27,535,000 $257,336 $5,057 7.26%
    $150k-250k 91 $30,525,000 $335,440 $5,649 7.31%
    $75k-100k 71 $14,035,000 $197,676 $5,010 7.36%
    $50k-75k 57 $8,765,000 $153,772 $3,992 7.68%
    $250k+ 54 $29,330,000 $543,148 $7,819 7.31%
    $50k or less 29 $2,865,000 $98,793 $3,592 7.92%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 79 $17,275,000 $218,671 $4,150 7.54%
    20-30% 75 $17,665,000 $235,533 $4,687 7.52%
    <20% 44 $15,340,000 $348,636 $6,743 7.56%
    39% 19 $5,105,000 $268,684 $4,390 7.10%
    43% 19 $5,885,000 $309,737 $5,362 7.16%
    37% 18 $4,150,000 $230,556 $4,349 7.45%
    50-60% 17 $5,265,000 $309,706 $7,741 7.26%
    45% 17 $5,255,000 $309,118 $4,599 7.52%
    44% 15 $4,345,000 $289,667 $6,584 7.30%
    49% 14 $3,990,000 $285,000 $7,966 6.90%
    42% 13 $3,865,000 $297,308 $5,182 7.06%
    38% 13 $3,235,000 $248,846 $4,020 7.20%
    48% 12 $3,530,000 $294,167 $5,170 6.73%
    40% 12 $4,180,000 $348,333 $5,732 6.65%
    47% 10 $2,530,000 $253,000 $5,077 7.46%
    36% 9 $2,265,000 $251,667 $5,712 7.44%
    46% 9 $3,115,000 $346,111 $5,306 7.39%
    >60% 8 $4,610,000 $576,250 $7,167 8.34%
    41% 7 $1,975,000 $282,143 $4,487 7.45%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 342 $89,310,000 $261,140 $4,788 7.41%
    Not provided 42 $12,780,000 $304,286 $7,011 7.27%
    Not applicable 46 $10,540,000 $229,130 $0 8.33%
    Asian 12 $8,090,000 $674,167 $11,949 7.46%
    Black 11 $2,515,000 $228,636 $6,823 7.25%
    American Indian 2 $500,000 $250,000 $6,101 7.00%
    Asian Indian 2 $470,000 $235,000 $4,834 7.56%
    Native Hawaiian or Islander 1 $265,000 $265,000 $3,726 6.13%

    Approval Rates

    Total approvals of all applications
    88.04%

    Commercial Bank Of Texas has an average approval rate.

    Pick Rate

    Approvals leading to origination
    84.28%

    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

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    458 $124,470,000 $271,769

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 38 $5,470,000 $143,947 $3,242 7.93%
    40-60% 65 $17,245,000 $265,308 $4,867 7.26%
    60-80% 160 $51,580,000 $322,375 $5,130 7.60%
    80-100% 181 $47,465,000 $262,238 $6,005 7.31%
    Over 100% 2 $530,000 $265,000 $21,953 7.44%
    Under 20% 12 $2,180,000 $181,667 $3,306 8.35%