Nexbank Mortgage Rates, Fees & Info

Dallas, TX

LEI: 549300NWBS6MQJX15N44

Tax ID: 75-0600540

5 stars - out of 5 stars, based on 75 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Nexbank is a small bank specializing in Refi, Home Purchase, and Cash Out Refi loans. Nexbank has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets include Dallas, Houston, Atlanta, Los Angeles, and Austin among others. Nexbank has an above average approval rate for mortages when compared nationally. They have an average pick rate when compared to the same sample of other lendors. Nexbank is typically an average fee lendor.


Originations

5,608

Origination Dollar Volume (All Markets)

$2,308,680,000

Employee count

90 Show all (17) awards

Relative Rate

Nexbank's average 30 year fixed rate mortgage of loans were 3%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of -0.15%.

Relative Fees

Nexbank's average total fees for a 30 year fixed rate mortgage are $5,139.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1,084 $511,760,000 $472,103 $5,432 2.85%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 383 $317,075,000 $827,872 $5,975 3.08%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 876 $271,200,000 $309,589 $4,035 2.89%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 226 $129,380,000 $572,478 $5,617 2.87%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 317 $124,995,000 $394,306 $5,815 2.91%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 244 $122,770,000 $503,156 $4,990 2.85%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 260 $120,080,000 $461,846 $4,590 2.91%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 140 $83,870,000 $599,071 $5,209 2.73%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 359 $82,235,000 $229,067 $4,029 2.91%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 127 $45,155,000 $355,551 $5,097 2.92%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 101 $41,385,000 $409,752 $4,305 2.81%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 118 $39,090,000 $331,271 $6,015 3.26%
KANSAS CITY, MO-KS (FHA|USDA|VA) 122 $32,100,000 $263,115 $2,726 2.83%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 85 $30,445,000 $358,176 $3,159 2.89%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 65 $30,215,000 $464,846 $7,379 2.74%
RICHMOND, VA (FHA|USDA|VA) 90 $24,510,000 $272,333 $3,588 2.80%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 36 $24,030,000 $667,500 $4,620 2.77%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 68 $22,110,000 $325,147 $3,431 2.81%
Outside of Metro Areas 78 $19,710,000 $252,692 $4,651 2.96%
PITTSBURGH, PA (FHA|USDA|VA) 60 $15,040,000 $250,667 $4,409 2.79%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 28 $13,790,000 $492,500 $5,711 2.90%
FORT COLLINS, CO (FHA|USDA|VA) 30 $9,320,000 $310,667 $2,809 2.87%
ABILENE, TX (FHA|USDA|VA) 35 $7,185,000 $205,286 $4,298 2.88%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 18 $7,110,000 $395,000 $5,126 3.00%
ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 30 $6,810,000 $227,000 $3,617 2.86%
WACO, TX (FHA|USDA|VA) 31 $6,575,000 $212,097 $5,639 2.82%
SHERMAN-DENISON, TX (FHA|USDA|VA) 22 $6,540,000 $297,273 $4,875 2.93%
BOULDER, CO (FHA|USDA|VA) 16 $6,310,000 $394,375 $3,675 2.91%
TULSA, OK (FHA|USDA|VA) 39 $6,295,000 $161,410 $5,821 2.78%
VALLEJO, CA (FHA|USDA|VA) 15 $6,165,000 $411,000 $3,837 2.96%
GREELEY, CO (FHA|USDA|VA) 15 $5,015,000 $334,333 $3,440 2.93%
STOCKTON, CA (FHA|USDA|VA) 16 $4,940,000 $308,750 $3,560 2.68%
OKLAHOMA CITY, OK (FHA|USDA|VA) 22 $4,780,000 $217,273 $5,177 2.86%
GAINESVILLE, GA (FHA|USDA|VA) 16 $4,700,000 $293,750 $4,806 2.73%
SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 12 $4,640,000 $386,667 $6,781 3.21%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 9 $3,795,000 $421,667 $4,620 3.00%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 14 $3,780,000 $270,000 $3,767 2.69%
Durango, CO (FHA|USDA|VA) 10 $3,560,000 $356,000 $3,161 2.99%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 6 $3,470,000 $578,333 $6,643 3.44%
SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 6 $3,170,000 $528,333 $3,209 2.50%
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 13 $2,965,000 $228,077 $5,348 3.16%
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 6 $2,850,000 $475,000 $7,401 2.77%
Outside of Metro Areas 4 $2,760,000 $690,000 $4,452 2.94%
Oak Harbor, WA (FHA|USDA|VA) 6 $2,700,000 $450,000 $4,735 3.06%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 14 $2,650,000 $189,286 $3,510 2.66%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 8 $2,460,000 $307,500 $3,406 2.98%
Athens, TX (FHA|USDA|VA) 8 $2,450,000 $306,250 $5,602 2.86%
WENATCHEE, WA (FHA|USDA|VA) 7 $2,415,000 $345,000 $5,692 2.91%
COLORADO SPRINGS, CO (FHA|USDA|VA) 7 $2,185,000 $312,143 $3,990 3.09%
Gainesville, TX (FHA|USDA|VA) 9 $2,135,000 $237,222 $5,244 2.74%
MODESTO, CA (FHA|USDA|VA) 8 $2,050,000 $256,250 $3,826 3.03%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 9 $1,825,000 $202,778 $4,601 2.92%
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 4 $1,820,000 $455,000 $5,760 2.72%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 6 $1,740,000 $290,000 $3,683 2.73%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 5 $1,655,000 $331,000 $4,767 2.88%
FRESNO, CA (FHA|USDA|VA) 5 $1,605,000 $321,000 $7,907 2.78%
TYLER, TX (FHA|USDA|VA) 7 $1,575,000 $225,000 $5,460 2.80%
VALDOSTA, GA (FHA|USDA|VA) 8 $1,570,000 $196,250 $5,486 2.88%
CORPUS CHRISTI, TX (FHA|USDA|VA) 6 $1,560,000 $260,000 $6,038 3.17%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 5 $1,525,000 $305,000 $5,729 2.85%
URBAN HONOLULU, HI (FHA|USDA|VA) 2 $1,480,000 $740,000 $10,720 3.19%
BELLINGHAM, WA (FHA|USDA|VA) 4 $1,440,000 $360,000 $4,419 2.53%
BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 2 $1,410,000 $705,000 $16,044 3.25%
WICHITA FALLS, TX (FHA|USDA|VA) 8 $1,370,000 $171,250 $7,128 3.31%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 6 $1,360,000 $226,667 $4,258 2.73%
RALEIGH-CARY, NC (FHA|USDA|VA) 3 $1,355,000 $451,667 $3,946 2.63%
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 3 $1,315,000 $438,333 $4,755 3.00%
SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 3 $1,295,000 $431,667 $2,815 2.75%
Talladega-Sylacauga, AL (FHA|USDA|VA) 8 $1,280,000 $160,000 $4,352 2.77%
ODESSA, TX (FHA|USDA|VA) 6 $1,240,000 $206,667 $5,450 2.60%
Jefferson, GA (FHA|USDA|VA) 5 $1,215,000 $243,000 $3,357 3.10%
Granbury, TX (FHA|USDA|VA) 5 $1,205,000 $241,000 $5,295 2.38%
Steamboat Springs, CO (FHA|USDA|VA) 1 $1,205,000 $1,205,000 $2,283 3.00%
CHEYENNE, WY (FHA|USDA|VA) 3 $1,155,000 $385,000 $2,552 3.33%
MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) 3 $1,055,000 $351,667 $3,769 3.04%
MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 5 $1,035,000 $207,000 $4,836 3.00%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 6 $1,020,000 $170,000 $3,400 2.98%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 3 $1,005,000 $335,000 $2,681 2.75%
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 2 $980,000 $490,000 $2,188 2.75%
SAVANNAH, GA (FHA|USDA|VA) 5 $975,000 $195,000 $3,628 2.88%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 3 $955,000 $318,333 $3,575 2.75%
Shelton, WA (FHA|USDA|VA) 3 $905,000 $301,667 $4,264 2.63%
RENO, NV (FHA|USDA|VA) 2 $870,000 $435,000 $3,423 2.63%
BAKERSFIELD, CA (FHA|USDA|VA) 4 $860,000 $215,000 $4,152 3.00%
FAYETTEVILLE, NC (FHA|USDA|VA) 2 $850,000 $425,000 $10,444 2.69%
KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 2 $820,000 $410,000 $6,266 3.13%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 1 $795,000 $795,000 $7,674 3.50%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 2 $730,000 $365,000 $2,905 2.75%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 4 $700,000 $175,000 $3,133 3.19%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 2 $700,000 $350,000 $3,557 3.44%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 1 $695,000 $695,000 $4,993 3.63%
BRUNSWICK, GA (FHA|USDA|VA) 3 $665,000 $221,667 $4,095 3.25%
MIDLAND, TX (FHA|USDA|VA) 3 $665,000 $221,667 $4,481 2.67%
Cornelia, GA (FHA|USDA|VA) 2 $630,000 $315,000 $3,613 3.00%
EL CENTRO, CA (FHA|USDA|VA) 2 $630,000 $315,000 $3,359 3.13%
Calhoun, GA (FHA|USDA|VA) 3 $625,000 $208,333 $3,429 2.67%
SALINAS, CA (FHA|USDA|VA) 2 $620,000 $310,000 $4,113 2.69%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 2 $600,000 $300,000 $4,902 2.81%
BARNSTABLE TOWN, MA (FHA|USDA|VA) 2 $580,000 $290,000 $4,356 2.75%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 2 $560,000 $280,000 $4,635 2.75%
NAPA, CA (FHA|USDA|VA) 1 $545,000 $545,000 $4,265 3.00%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $545,000 $545,000 $9,194 3.25%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 2 $530,000 $265,000 $3,170 3.25%
VICTORIA, TX (FHA|USDA|VA) 2 $520,000 $260,000 $5,405 3.06%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 2 $510,000 $255,000 $6,491 3.31%
BEND, OR (FHA|USDA|VA) 1 $505,000 $505,000 $4,455 2.88%
REDDING, CA (FHA|USDA|VA) 2 $490,000 $245,000 $3,192 2.88%
Ottawa, IL (FHA|USDA|VA) 2 $470,000 $235,000 $4,159 2.94%
ST. GEORGE, UT (FHA|USDA|VA) 1 $455,000 $455,000 $3,229 3.13%
OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 1 $435,000 $435,000 $5,139 2.88%
Ellensburg, WA (FHA|USDA|VA) 2 $430,000 $215,000 $4,271 2.88%
Cedartown, GA (FHA|USDA|VA) 2 $430,000 $215,000 $3,088 2.94%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 2 $420,000 $210,000 $3,109 2.81%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 2 $410,000 $205,000 $3,986 2.75%
St. Marys, GA (FHA|USDA|VA) 2 $400,000 $200,000 $3,213 2.81%
BILLINGS, MT (FHA|USDA|VA) 1 $395,000 $395,000 $1,472 2.63%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 2 $390,000 $195,000 $2,701 2.88%
Bartlesville, OK (FHA|USDA|VA) 2 $380,000 $190,000 $4,751 2.38%
HUNTSVILLE, AL (FHA|USDA|VA) 2 $380,000 $190,000 $2,525 3.00%
LAFAYETTE, LA (FHA|USDA|VA) 1 $375,000 $375,000 $4,436 2.75%
Fredericksburg, TX (FHA|USDA|VA) 1 $375,000 $375,000 $8,984 3.63%
JACKSONVILLE, FL (FHA|USDA|VA) 2 $370,000 $185,000 $6,309 3.25%
El Campo, TX (FHA|USDA|VA) 2 $350,000 $175,000 $4,647 3.31%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 1 $345,000 $345,000 $7,938 3.38%
Enterprise, AL (FHA|USDA|VA) 1 $345,000 $345,000 $3,344 2.88%
YUBA CITY, CA (FHA|USDA|VA) 1 $345,000 $345,000 $2,350 2.75%
LOGAN, UT-ID (FHA|USDA|VA) 1 $335,000 $335,000 $1,928 2.75%
COLUMBUS, GA-AL (FHA|USDA|VA) 1 $335,000 $335,000 $3,705 2.50%
TUCSON, AZ (FHA|USDA|VA) 1 $325,000 $325,000 $4,997 3.00%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $315,000 $315,000 $3,695 3.50%
Centralia, WA (FHA|USDA|VA) 1 $315,000 $315,000 $6,755 3.63%
SPRINGFIELD, MA (FHA|USDA|VA) 1 $315,000 $315,000 $4,622 2.75%
BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 1 $305,000 $305,000 $2,220 3.25%
Bonham, TX (FHA|USDA|VA) 1 $295,000 $295,000 $9,346 3.88%
Aberdeen, WA (FHA|USDA|VA) 1 $285,000 $285,000 $4,200 2.63%
EL PASO, TX (FHA|USDA|VA) 2 $280,000 $140,000 $5,179 2.94%
SALT LAKE CITY, UT (FHA|USDA|VA) 1 $275,000 $275,000 $4,745 3.25%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 1 $275,000 $275,000 $4,612 2.63%
WORCESTER, MA-CT (FHA|USDA|VA) 1 $275,000 $275,000 $4,015 2.63%
Dumas, TX (FHA|USDA|VA) 1 $265,000 $265,000 $5,226 3.13%
Augusta-Waterville, ME (FHA|USDA|VA) 1 $265,000 $265,000 $3,618 3.25%
Statesboro, GA (FHA|USDA|VA) 1 $255,000 $255,000 $2,758 2.75%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 2 $250,000 $125,000 $3,216 2.88%
CHAMPAIGN-URBANA, IL (FHA|USDA|VA) 1 $245,000 $245,000 $3,650 3.13%
BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 1 $235,000 $235,000 $7,007 2.88%
Port Angeles, WA (FHA|USDA|VA) 2 $230,000 $115,000 $5,085 2.50%
Corsicana, TX (FHA|USDA|VA) 2 $230,000 $115,000 $3,742 3.25%
NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 1 $205,000 $205,000 $4,089 3.00%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 1 $205,000 $205,000 $2,052 2.63%
LaGrange, GA-AL (FHA|USDA|VA) 1 $195,000 $195,000 $1,760 2.63%
Paris, TX (FHA|USDA|VA) 1 $195,000 $195,000 $2,205 2.13%
LONGVIEW, TX (FHA|USDA|VA) 1 $195,000 $195,000 $7,100 3.38%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 1 $195,000 $195,000 $5,505 2.63%
Milledgeville, GA (FHA|USDA|VA) 1 $185,000 $185,000 $1,793 2.75%
DALTON, GA (FHA|USDA|VA) 1 $185,000 $185,000 $2,249 2.88%
Huntsville, TX (FHA|USDA|VA) 1 $185,000 $185,000 $7,515 3.75%
Brownwood, TX (FHA|USDA|VA) 1 $185,000 $185,000 $7,927 2.88%
MADERA, CA (FHA|USDA|VA) 1 $175,000 $175,000 $2,089 2.88%
AMARILLO, TX (FHA|USDA|VA) 1 $175,000 $175,000 $3,596 2.13%
PUNTA GORDA, FL (FHA|USDA|VA) 1 $175,000 $175,000 $2,510 2.88%
SPARTANBURG, SC (FHA|USDA|VA) 1 $175,000 $175,000 $4,518 4.00%
DOTHAN, AL (FHA|USDA|VA) 1 $165,000 $165,000 $5,040 2.88%
GAINESVILLE, FL (FHA|USDA|VA) 1 $165,000 $165,000 $2,809 2.88%
CHICO, CA (FHA|USDA|VA) 1 $155,000 $155,000 $3,276 2.38%
GRAND JUNCTION, CO (FHA|USDA|VA) 1 $155,000 $155,000 $2,414 3.13%
MONTGOMERY, AL (FHA|USDA|VA) 2 $150,000 $75,000 $5,391 3.75%
BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) 1 $135,000 $135,000 $2,155 2.13%
PUEBLO, CO (FHA|USDA|VA) 1 $135,000 $135,000 $1,842 2.88%
LYNCHBURG, VA (FHA|USDA|VA) 1 $135,000 $135,000 $2,816 3.00%
Brenham, TX (FHA|USDA|VA) 1 $125,000 $125,000 $5,091 3.25%
Ponca City, OK (FHA|USDA|VA) 1 $115,000 $115,000 $5,688 2.63%
Thomasville, GA (FHA|USDA|VA) 1 $115,000 $115,000 $3,206 2.25%
Woodward, OK (FHA|USDA|VA) 1 $115,000 $115,000 $4,638 3.25%
SALISBURY, MD-DE (FHA|USDA|VA) 1 $105,000 $105,000 $2,532 2.50%
Frankfort, IN (FHA|USDA|VA) 1 $105,000 $105,000 $2,115 3.38%
SIOUX CITY, IA-NE-SD (FHA|USDA|VA) 1 $95,000 $95,000 $5,671 4.00%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 1 $95,000 $95,000 $4,697 3.63%
Forest City, NC (FHA|USDA|VA) 1 $85,000 $85,000 $3,840 3.38%
Camden, AR (FHA|USDA|VA) 1 $75,000 $75,000 $3,480 2.50%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 1 $75,000 $75,000 $2,394 2.88%
Clovis, NM (FHA|USDA|VA) 1 $65,000 $65,000 $2,875 3.13%
OCALA, FL (FHA|USDA|VA) 1 $65,000 $65,000 $5,045 3.25%
Mount Pleasant, TX (FHA|USDA|VA) 1 $65,000 $65,000 $2,171 2.38%
Troy, AL (FHA|USDA|VA) 1 $55,000 $55,000 $3,632 3.38%

Nexbank's top markets include Dallas, Houston, Atlanta, Los Angeles, and Austin among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 5,516 $2,277,890,000 $412,960 $4,769 2.90%
VA 59 $21,805,000 $369,576 $8,664 2.60%
FHA 33 $8,985,000 $272,273 $10,403 2.92%

For the 2021 period, Nexbank's most frequently originated loan type of loans were Conventional, with 5,516 originations. Their 2nd most popular type is VA, with 59 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Refi 2,253 $731,255,000 $324,569 $3,983 2.76%
Home Purchase 1,846 $1,003,620,000 $543,673 $5,744 2.96%
Cash Out Refi 1,416 $549,680,000 $388,192 $5,036 3.00%
Other 93 $24,125,000 $259,409 $4,972 3.09%

For the 2021, Nexbank's most frequently cited loan purpose of loans were Refi, with 2,253 originations. The 2nd most popular reason of loans were Home Purchase, with 1,846 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 4,322 $1,568,660,000 $362,948 $5,139 3.00%
15 Year 887 $236,655,000 $266,804 $3,745 2.42%
20 Year 266 $69,870,000 $262,669 $4,177 2.82%
Other 80 $97,610,000 $1,220,125 $4,071 2.95%
10 Year 45 $150,635,000 $3,347,444 $3,117 2.47%
3 Year 6 $153,700,000 $25,616,667 $0 3.75%
5 Year 2 $31,550,000 $15,775,000 $0 4.00%

For the 2021, Nexbank's most frequently cited loan length of loans were 30 Year, with 4,322 originations. The 2nd most popular length of loans were 15 Year, with 887 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$1k-2k 2,202 $697,110,000 $316,580
$<1k 1,656 $599,570,000 $362,059
$3k-4k 698 $205,470,000 $294,370
$2k-3k 534 $153,590,000 $287,622
$5k+ 501 $247,705,000 $494,421

$5,139 of loans were Nexbank's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 2,202 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
2.5-3% 2,977 $1,057,355,000 $355,175
3-4% 1,613 $927,365,000 $574,932
<2.5% 991 $312,255,000 $315,091
4-5% 27 $11,705,000 $433,519

During 2021, Nexbank's average interest rate of loans were 3.00%, while their most frequently originated rate bucket of loans were 2.5-3%, with 2,977 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 2,639 $767,475,000 $290,820 $4,589 2.88%
$100k-200k 1,193 $185,535,000 $155,520 $3,985 2.91%
$400k-600k 1,180 $576,200,000 $488,305 $5,384 2.86%
$600k-1MM 420 $301,410,000 $717,643 $6,713 2.91%
$100,000 or less 118 $9,610,000 $81,441 $3,733 3.02%
$1MM+ 58 $468,450,000 $8,076,724 $14,642 3.49%

2021 saw Nexbank place emphasis on $200k-400k loans with 2,639 originations, totaling $767,475,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 1,558 $548,810,000 $352,253 $4,809 2.88%
$150k-250k 1,302 $534,720,000 $410,691 $5,177 2.89%
$50k-75k 910 $212,260,000 $233,253 $4,287 2.89%
$75k-100k 907 $261,125,000 $287,900 $4,556 2.91%
$250k+ 508 $276,040,000 $543,386 $6,274 2.92%
$50k or less 401 $68,945,000 $171,933 $4,006 2.85%

Nexbank lent most frequently to those with incomes in the $100k-150k range, with 1,558 originations. The second most popular income band? $150k-250k, with 1,302 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 1,349 $453,355,000 $336,067 $4,545 2.80%
30-36% 1,072 $375,140,000 $349,944 $4,856 2.90%
<20% 501 $157,675,000 $314,721 $4,284 2.76%
44% 251 $89,925,000 $358,267 $5,201 2.97%
43% 232 $75,450,000 $325,216 $4,685 2.99%
38% 219 $76,475,000 $349,201 $4,825 2.96%
41% 215 $69,885,000 $325,047 $4,940 3.03%
39% 213 $67,145,000 $315,235 $4,959 2.97%
40% 202 $77,150,000 $381,931 $5,415 2.94%
36% 202 $68,460,000 $338,911 $5,050 2.95%
42% 197 $71,955,000 $365,254 $5,405 3.00%
37% 177 $62,185,000 $351,328 $5,439 2.95%
45% 165 $59,755,000 $362,152 $5,063 2.98%
49% 153 $50,855,000 $332,386 $4,487 2.88%
48% 139 $45,115,000 $324,568 $5,200 2.93%
47% 138 $42,350,000 $306,884 $5,054 2.94%
46% 130 $44,120,000 $339,385 $5,441 2.93%
50-60% 30 $12,210,000 $407,000 $6,747 2.84%
>60% 1 $2,695,000 $2,695,000 $15,456 3.13%

Nexbank lent most frequently to those with DTI ratios of 20-30%, with 1,349 originations. The next most common DTI ratio? 30-36%, with 1,072 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 4,010 $1,328,930,000 $331,404 $4,827 2.89%
Not applicable 17 $405,235,000 $23,837,353 $0 3.69%
Asian 675 $265,645,000 $393,548 $4,851 2.86%
Not provided 650 $229,060,000 $352,400 $4,809 2.91%
Black 208 $64,280,000 $309,038 $5,148 2.89%
Other Asian 12 $3,800,000 $316,667 $6,898 2.91%
Asian Indian 10 $3,360,000 $336,000 $4,374 2.78%
American Indian 13 $3,205,000 $246,538 $4,747 2.83%
Native Hawaiian 6 $2,390,000 $398,333 $4,578 2.92%
Filipino 4 $1,630,000 $407,500 $4,885 2.69%
Korean 3 $1,145,000 $381,667 $4,678 2.79%

Approval Rates

Total approvals of all applications
98.47%

Nexbank 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
91.47%

Nexbank has an average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 5,608 $2,308,680,000 $411,676

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
5,608 $2,308,680,000 $411,676

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 328 $85,560,000 $260,854 $3,846 2.66%
40-60% 1,111 $358,965,000 $323,101 $4,124 2.73%
60-80% 2,691 $1,330,845,000 $494,554 $4,920 2.96%
80-100% 1,439 $523,045,000 $363,478 $5,450 2.95%
Over 100% 10 $3,680,000 $368,000 $13,421 2.58%
Under 20% 29 $6,585,000 $227,069 $3,486 2.57%

Bank Details

Branches

Bank Name Branch Branch Type Deposits (000's)
Nexbank 2515 Mckinney Ave, Suite 1100 Dallas, TX 75201 Full Service B&M $0
Nexbank 2515 Mckinney Avenue, Suite 1700 Dallas, TX 75201 Full Service B&M $105,670
Nexbank 6121 Luther Lane Dallas, TX 75225 Full Service B&M $7,162,756

For 2021, Nexbank had 3 branches.

Yearly Performance Overview

Bank Income

Item Value (in 000's)
Total interest income $282,793
Net interest income $203,192
Total noninterest income $17,810
Gross Fiduciary activities income $0
Service charges on deposit accounts $8
Trading account gains and fees $0
Additional Noninterest Income $17,802
Pre-tax net operating income $156,401
Securities gains (or losses, -) $2,763
Income before extraordinary items $126,142
Discontinued Operations (Extraordinary gains, net) $0
Net income of bank and minority interests $126,142
Minority interest net income $0
Net income $126,142
Sale, conversion, retirement of capital stock, net $0
Net operating income $123,959

Nexbank's gross interest income from loans was $282,793,000.
Nexbank's net interest income from loans was $203,192,000.
Nexbank's fee based income from loans was $8,000.
Nexbank's net income from loans was $126,142,000.

Bank Expenses

Item Value (in 000's)
Total interest expense $79,601
Provision for credit losses $-5,715
Total noninterest expense $70,316
Salaries and employee benefits $27,136
Premises and equipment expense $1,632
Additional noninterest expense $41,548
Applicable income taxes $33,022
Net charge-offs $862
Cash dividends $52,185

Nexbank's interest expense for loans was $79,601,000.
Nexbank's payroll and benefits expense were $27,136,000.
Nexbank's property, plant and equipment expenses $1,632,000.

Loan Performance

Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
All loans 0.0%
Real Estate loans 0.0%
Construction & Land Development loans 0.0%
Nonfarm, nonresidential loans 0.0%
Multifamily residential loans 0.0%
1-4 family residential loans 1.0%
HELOC loans 0.0%
All other family 1.0%
Commercial & industrial loans 4.0%
Personal loans 0.0%
Credit card loans 0.0%
Other individual loans 0.0%
Auto loans 0.0%
Other consumer loans 0.0%
Unsecured commercial real estate loans 0.0%

Deposits

Type Value (in 000's)
Total deposits $8,389,710
Deposits held in domestic offices $8,389,710
Deposits by Individuals, partnerships, and corporations $5,887,412
Deposits by U.S. Government $0
Deposits by States and political subdivisions in the U.S. $662,440
Deposits by Commercial banks and other depository institutions in U.S. $1,839,859
Deposits by Banks in foreign countries $0
Deposits by Foreign governments and official institutions $0
Transaction accounts $5,422,383
Demand deposits $5,422,383
Nontransaction accounts $2,967,328
Money market deposit accounts (MMDAs) $2,576,511
Other savings deposits (excluding MMDAs) $57,111
Total time deposits $333,706
Total time and savings deposits $2,967,328
Noninterest-bearing deposits $1,941,190
Interest-bearing deposits $6,448,520
Retail deposits $8,240,617
IRAs and Keogh plan accounts $1,991
Brokered deposits $1,361,208
Deposits held in foreign offices $0

Assets

Asset Value (in 000's)
Total Assets $10,822,403
Cash & Balances due from depository institutions $945,241
Interest-bearing balances $931,520
Total securities $3,295,020
Federal funds sold & reverse repurchase $0
Net loans and leases $6,016,441
Loan and leases loss allowance $42,864
Trading account assets $0
Bank premises and fixed assets $939
Other real estate owned $0
Goodwill and other intangibles $115,976
All other assets $448,786

Liabilities

Liabilities Value (in 000's)
Total liabilities and capital $10,822,403
Total Liabilities $10,011,428
Total deposits $8,389,710
Interest-bearing deposits $6,448,520
Deposits held in domestic offices $8,389,710
% insured (estimated) $45
Federal funds purchased and repurchase agreements $0
Trading liabilities $0
Other borrowed funds $1,410,577
Subordinated debt $0
All other liabilities $211,141

Issued Loan Types

Type Value (in 000's)
Net loans and leases $6,016,441
Loan and leases loss allowance $42,864
Total loans and leases (domestic) $6,059,305
All real estate loans $4,614,298
Real estate loans in domestic offices $4,614,298
Construction and development loans $140,160
Residential 1-4 family construction $6,748
Other construction, all land development and other land $133,412
Loans secured by nonfarm nonresidential properties $678,468
Nonfarm nonresidential secured by owner-occupied properties $23,928
Commercial real estate & other non-farm, non-residential $654,540
Multifamily residential real estate $1,194,085
1-4 family residential loans $2,601,585
Farmland loans $0
Loans held in foreign offices $0
Farm loans $0
Commercial and industrial loans $190,818
To non-U.S. addressees $0
Loans to individuals $22,370
Credit card loans $0
Related Plans $150
Consumer Auto Loans $0
Other loans to individuals $22,220
All other loans & leases $1,231,819
Loans to foreign governments and official institutions $0
Other loans $1,231,819
Loans to depository institutions and acceptances of other banks $0
Loans not secured by real estate $0
Loans secured by real estate to non-U.S. addressees $0
Restructured Loans & leases $0
Non 1-4 family restructured loans & leases $0
Total loans and leases (foreign) $0

NexBank had $6,016,441,000 of loans outstanding in 2021. $4,614,298,000 of loans were in real estate loans. $140,160,000 of loans were in development loans. $1,194,085,000 of loans were in multifamily mortgage loans. $2,601,585,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $0 of loans were in the auto loan category.

Small Business Loans

Categorization # of Loans in Category $ amount of loans (in 000's) Average $/loan
Nonfarm, nonresidential loans - <$1MM 8 $4,351 $543,875
Nonfarm, nonresidential loans - $250k-1MM 8 $4,351 $543,875
Commercial & Industrial, US addressed loans - <$1MM 12 $1,743 $145,250
Commercial & Industrial, US addressed loans - <$100k 3 $92 $30,667
Commercial & Industrial, US addressed loans - $100-250k 1 $5 $5,000
Commercial & Industrial, US addressed loans - $250k-1MM 8 $1,646 $205,750