Pecos County State Bank Mortgage Rates, Fees & Info
Fort Stockton, TXLEI: 549300M6F8O82D8W2395
Tax ID: 74-0828200
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Mortgage Data
Review & Overview
Pecos County State Bank is a smaller bank specializing in Home Purchase loans. Pecos County State Bank has a high proportion of conventional loans. Their top two markets are Del Rio and Pecos .Pecos County State Bank 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.
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Originations
14Origination Dollar Volume (All Markets)
$1,590,000Top 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 |
|---|---|---|---|---|---|
| Outside of Metro Areas | 11 | $935,000 | $85,000 | $0 | 0.00% |
| Del Rio, TX (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $0 | 0.00% |
| Pecos, TX (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 14 | $1,590,000 | $113,571 | $0 | 0.00% |
For 2023, Pecos County State Bank's most frequently originated type of loan was Conventional, with 14 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 12 | $1,370,000 | $114,167 | $0 | 0.00% |
| Refi | 2 | $220,000 | $110,000 | $0 | 0.00% |
For 2023, Pecos County State Bank's most frequently cited loan purpose was Home Purchase, with 12 originations. The 2nd most popular reason was Refi, with 2 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 14 | $1,590,000 | $113,571 | $0 | 0.00% |
For 2023, Pecos County State Bank's most frequently cited loan duration was Other, with 14 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100,000 or less | 8 | $470,000 | $58,750 | $0 | 0.00% |
| $100k-200k | 5 | $755,000 | $151,000 | $0 | 0.00% |
| $200k-400k | 1 | $365,000 | $365,000 | $0 | 0.00% |
2023 saw Pecos County State Bank place emphasis on $100,000 or less loans with 8 originations, totaling $470,000 in origination value.
Applicant Income
Pecos County State Bank lent most frequently to those with incomes in the $50k-75k range, with 5 originations. The second most popular income band? $50k or less, with 4 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 14 | $1,590,000 | $113,571 | $0 | 0.00% |
Pecos County State Bank lent most frequently to those with DTI ratios of Exempt%, with 14 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 13 | $1,225,000 | $94,231 | $0 | 0.00% |
| Not applicable | 1 | $365,000 | $365,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications74.29%
Pecos County State Bank has a below average approval rate.
Pick Rate
Approvals leading to origination14.29%
Pecos County State Bank has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 14 | $1,590,000 | $113,571 |