Texas First State Bank Mortgage Rates, Fees & Info

Waco, TX

LEI: 549300NUL8P98XDLUL67

Tax ID: 74-0625730

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

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • 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

    Texas First State Bank is a smaller bank specializing in Home Purchase and Cash Out Refi loans. Texas First State Bank has a high proportion of conventional loans. Their top markets by origination volume include: Waco, Killeen, Austin, and Dallas among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Texas First State Bank 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. Texas First State Bank 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 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.

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    Originations

    76

    Origination Dollar Volume (All Markets)

    $20,840,000

    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
    WACO, TX (FHA|USDA|VA) 33 $9,345,000 $283,182 $3,976 5.06%
    KILLEEN-TEMPLE, TX (FHA|USDA|VA) 35 $7,405,000 $211,571 $4,598 5.38%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 4 $3,390,000 $847,500 $10,798 4.21%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 2 $360,000 $180,000 $3,939 3.95%
    Outside of Metro Areas 2 $340,000 $170,000 $0 5.75%
    Texas First State Bank's top markets include Waco, Killeen, Austin, and Dallas among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 76 $20,840,000 $274,211 $5,052 5.15%

    For 2019, Texas First State Bank's most frequently originated type of loan was Conventional, with 76 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 59 $13,485,000 $228,559 $5,183 5.16%
    Refi 9 $2,695,000 $299,444 $4,427 4.89%
    Cash Out Refi 7 $4,545,000 $649,286 $0 5.36%
    Home Improvement 1 $115,000 $115,000 $0 5.50%

    For 2019, Texas First State Bank's most frequently cited loan purpose was Home Purchase, with 59 originations. The 2nd most popular reason was Refi, with 9 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    3 Year 22 $3,510,000 $159,545 $0 5.51%
    5 Year 21 $7,265,000 $345,952 $0 5.39%
    30 Year 17 $6,165,000 $362,647 $4,901 4.07%
    1 Year 10 $1,850,000 $185,000 $0 5.40%
    30+ year 5 $1,865,000 $373,000 $5,821 6.00%
    10 Year 1 $185,000 $185,000 $3,765 3.95%

    For 2019, Texas First State Bank's most frequently cited loan duration was 3 Year, with 22 originations. The 2nd most popular length was 5 Year, with 21 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 10 $2,650,000 $265,000
    $<1k 7 $955,000 $136,429
    $2k-3k 2 $1,030,000 $515,000
    $5k+ 2 $2,840,000 $1,420,000
    $3k-4k 1 $625,000 $625,000

    Texas First State Bank's average total fees were $4,901, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 10 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 50 $9,130,000 $182,600
    3-4% 17 $6,045,000 $355,588
    4-5% 9 $5,665,000 $629,444

    During 2019, Texas First State Bank's average interest rate for loans was 4.07%, while their most frequently originated rate bucket for loans was 5-6%, with 50 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 25 $1,455,000 $58,200 $1,761 5.37%
    $100k-200k 21 $3,165,000 $150,714 $3,095 5.01%
    $200k-400k 19 $4,915,000 $258,684 $4,025 5.08%
    $400k-600k 4 $1,800,000 $450,000 $6,128 5.56%
    $600k-1MM 4 $2,660,000 $665,000 $8,545 5.18%
    $1MM+ 3 $6,845,000 $2,281,667 $15,317 4.30%

    2019 saw Texas First State Bank place emphasis on $100,000 or less loans with 25 originations, totaling $1,455,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 15 $10,075,000 $671,667 $8,252 4.85%
    $100k-150k 9 $2,065,000 $229,444 $4,612 5.61%
    $50k-75k 6 $780,000 $130,000 $2,690 4.77%
    $50k or less 6 $480,000 $80,000 $2,341 4.85%
    $75k-100k 6 $1,120,000 $186,667 $2,491 5.07%
    $150k-250k 4 $890,000 $222,500 $3,884 4.21%

    Texas First State Bank lent most frequently to those with incomes in the $250k+ range, with 15 originations. The second most popular income band? $100k-150k, with 9 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 6 $2,920,000 $486,667 $6,293 4.63%
    30-36% 6 $1,760,000 $293,333 $4,153 4.29%
    37% 3 $1,195,000 $398,333 $6,155 5.32%
    42% 2 $430,000 $215,000 $4,201 3.95%
    36% 2 $1,260,000 $630,000 $6,550 3.95%
    38% 1 $65,000 $65,000 $1,837 3.95%
    40% 1 $145,000 $145,000 $3,502 3.95%
    41% 1 $255,000 $255,000 $4,447 6.00%
    <20% 1 $185,000 $185,000 $3,765 3.95%

    Texas First State Bank lent most frequently to those with DTI ratios of 20-30%, with 6 originations. The next most common DTI ratio? 30-36%, with 6 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 32 $8,790,000 $274,688 $5,190 4.94%
    Asian 9 $5,915,000 $657,222 $5,948 5.04%
    Not applicable 30 $5,430,000 $181,000 $0 5.45%
    Korean 2 $380,000 $190,000 $0 5.50%
    Other Asian 1 $215,000 $215,000 $3,847 3.95%
    Not provided 2 $110,000 $55,000 $1,837 4.85%

    Approval Rates

    Total approvals of all applications
    98.86%

    Texas First State Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    85.53%

    Texas First State Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 76 $20,840,000 $274,211

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 9 $6,455,000 $717,222
    Single Family (1-4 Units):Site-Built 67 $14,385,000 $214,701

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 2 $330,000 $165,000 $0 5.50%
    40-60% 10 $1,680,000 $168,000 $2,635 4.73%
    60-80% 40 $7,760,000 $194,000 $5,053 5.31%
    80-100% 15 $5,515,000 $367,667 $6,404 4.81%
    Over 100% 5 $5,125,000 $1,025,000 $0 5.40%
    Under 20% 4 $430,000 $107,500 $4,956 5.50%