Pecos County State Bank Mortgage Rates, Fees & Info

Fort Stockton, TX

LEI: 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

14

Origination Dollar Volume (All Markets)

$1,590,000

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
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%
Pecos County State Bank's top markets include Del Rio and Pecos among others.

Their top states include:
  • Texas (FHA|USDA|VA)
  • 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

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 5 $635,000 $127,000 $0 0.00%
    $50k or less 4 $260,000 $65,000 $0 0.00%
    $100k-150k 2 $260,000 $130,000 $0 0.00%
    $150k-250k 1 $45,000 $45,000 $0 0.00%
    $75k-100k 1 $25,000 $25,000 $0 0.00%

    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 applications
    74.29%

    Pecos County State Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    14.29%

    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

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    14 $1,590,000 $113,571