Nexbank Mortgage Rates, Fees & Info

Dallas, TX

LEI: 549300NWBS6MQJX15N44

Tax ID: 75-0600540

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

Review & Overview

Nexbank is a small bank specializing in Home Purchase, Refi, 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 by origination volume include: Dallas, Atlanta, Los Angeles, Seattle, and Austin among others. We have data for 165 markets. (Some data included below & more in-depth data is available with an active subscription.)

Nexbank has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders. Nexbank 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.

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	6.36%	11/17/24
30 Year Conventional Refi	6.28%	11/17/24
30 Year Cash-out Refi	6.39%	11/17/24
30 Year FHA Purchase	6.81%	11/17/24
30 Year FHA Refi	6.27%	11/17/24
30 Year VA Purchase	5.85%	11/17/24
30 Year VA Refi	6.27%	11/17/24
15 Year Conventional Purchase	5.98%	11/17/24
15 Year Conventional Refi	5.96%	11/17/24
15 Year Cash-out Refi	5.96%	11/17/24
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.

Nexbank Mortgage Calculator

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This is not an official calculator from Nexbank. 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

4,777

Origination Dollar Volume (All Markets)

$1,547,445,000

Employee count

Awards

NexBank 30 Year Conventional Loans silver

NexBank 30 Year Conventional Loans bronze

Show all (4) awards

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)	798	$227,320,000	$284,862	$5,593	4.06%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA\|USDA\|VA)	714	$207,740,000	$290,952	$4,067	3.96%
Los Angeles-Long Beach-Anaheim, CA (FHA\|USDA\|VA)	307	$150,905,000	$491,547	$6,136	4.02%
Seattle-Tacoma-Bellevue, WA (FHA\|USDA\|VA)	293	$116,715,000	$398,345	$4,699	4.04%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA\|USDA\|VA)	373	$113,525,000	$304,357	$5,800	4.00%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA\|USDA\|VA)	234	$99,590,000	$425,598	$4,678	3.95%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA\|USDA\|VA)	332	$79,420,000	$239,217	$5,856	4.42%
DENVER-AURORA-LAKEWOOD, CO (FHA\|USDA\|VA)	236	$76,130,000	$322,585	$6,007	4.08%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA\|USDA\|VA)	121	$48,145,000	$397,893	$5,590	3.77%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA\|USDA\|VA)	127	$43,055,000	$339,016	$4,186	4.01%
San Francisco-Oakland-Berkeley, CA (FHA\|USDA\|VA)	80	$39,250,000	$490,625	$4,567	3.80%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA\|USDA\|VA)	93	$32,055,000	$344,677	$3,649	4.00%
Chicago-Naperville-Elgin, IL-IN-WI (FHA\|USDA\|VA)	123	$31,155,000	$253,293	$3,802	4.10%
KANSAS CITY, MO-KS (FHA\|USDA\|VA)	76	$20,580,000	$270,789	$2,810	3.88%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA\|USDA\|VA)	109	$19,835,000	$181,972	$5,633	4.76%
RICHMOND, VA (FHA\|USDA\|VA)	65	$17,845,000	$274,538	$3,659	3.93%
NEW ORLEANS-METAIRIE, LA (FHA\|USDA\|VA)	1	$17,255,000	$17,255,000	$0	5.25%
Outside of Metro Areas	63	$15,395,000	$244,365	$4,442	4.04%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA\|USDA\|VA)	31	$13,865,000	$447,258	$5,154	3.96%
FORT COLLINS, CO (FHA\|USDA\|VA)	40	$13,090,000	$327,250	$4,549	4.09%
PHOENIX-MESA-CHANDLER, AZ (FHA\|USDA\|VA)	42	$12,600,000	$300,000	$4,675	3.92%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA\|USDA\|VA)	20	$11,230,000	$561,500	$4,627	3.87%
STOCKTON, CA (FHA\|USDA\|VA)	32	$10,850,000	$339,063	$3,565	3.98%
GREELEY, CO (FHA\|USDA\|VA)	28	$8,930,000	$318,929	$5,832	4.09%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA\|USDA\|VA)	31	$8,895,000	$286,935	$4,180	4.10%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA\|USDA\|VA)	11	$4,635,000	$421,364	$3,864	4.17%
BELLINGHAM, WA (FHA\|USDA\|VA)	12	$4,140,000	$345,000	$2,963	3.97%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA\|USDA\|VA)	12	$4,100,000	$341,667	$4,070	4.10%
WACO, TX (FHA\|USDA\|VA)	19	$3,675,000	$193,421	$4,887	4.33%
SHERMAN-DENISON, TX (FHA\|USDA\|VA)	12	$3,530,000	$294,167	$6,098	4.15%
COLORADO SPRINGS, CO (FHA\|USDA\|VA)	13	$3,185,000	$245,000	$5,814	4.08%
Boston-Cambridge-Newton, MA-NH (FHA\|USDA\|VA)	7	$2,905,000	$415,000	$6,483	3.48%
WENATCHEE, WA (FHA\|USDA\|VA)	8	$2,690,000	$336,250	$3,856	4.06%
BOULDER, CO (FHA\|USDA\|VA)	9	$2,665,000	$296,111	$12,842	3.90%
GAINESVILLE, GA (FHA\|USDA\|VA)	8	$2,490,000	$311,250	$4,094	3.70%
OLYMPIA-LACEY-TUMWATER, WA (FHA\|USDA\|VA)	9	$2,325,000	$258,333	$3,219	3.83%
Edwards, CO (FHA\|USDA\|VA)	2	$2,220,000	$1,110,000	$3,343	4.38%
MODESTO, CA (FHA\|USDA\|VA)	9	$2,165,000	$240,556	$3,120	3.97%
Durango, CO (FHA\|USDA\|VA)	6	$2,070,000	$345,000	$3,931	3.69%
BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA\|USDA\|VA)	5	$1,985,000	$397,000	$4,752	4.10%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA\|USDA\|VA)	5	$1,895,000	$379,000	$5,574	4.10%
MIDLAND, TX (FHA\|USDA\|VA)	6	$1,870,000	$311,667	$5,730	4.00%
SANTA ROSA-PETALUMA, CA (FHA\|USDA\|VA)	4	$1,690,000	$422,500	$3,126	3.75%
New York-Newark-Jersey City, NY-NJ-PA (FHA\|USDA\|VA)	5	$1,625,000	$325,000	$7,955	3.90%
VALLEJO, CA (FHA\|USDA\|VA)	5	$1,525,000	$305,000	$3,847	4.05%
NAPA, CA (FHA\|USDA\|VA)	3	$1,515,000	$505,000	$3,131	3.92%
BAKERSFIELD, CA (FHA\|USDA\|VA)	5	$1,505,000	$301,000	$5,373	4.23%
ABILENE, TX (FHA\|USDA\|VA)	8	$1,430,000	$178,750	$4,217	4.17%
BEAUMONT-PORT ARTHUR, TX (FHA\|USDA\|VA)	6	$1,360,000	$226,667	$4,485	4.33%
OKLAHOMA CITY, OK (FHA\|USDA\|VA)	7	$1,305,000	$186,429	$3,913	4.36%
COLLEGE STATION-BRYAN, TX (FHA\|USDA\|VA)	5	$1,275,000	$255,000	$4,943	3.90%
MCALLEN-EDINBURG-MISSION, TX (FHA\|USDA\|VA)	8	$1,200,000	$150,000	$5,169	4.39%
SANTA MARIA-SANTA BARBARA, CA (FHA\|USDA\|VA)	3	$1,175,000	$391,667	$5,322	4.25%
MERCED, CA (FHA\|USDA\|VA)	4	$1,110,000	$277,500	$4,499	4.03%
Talladega-Sylacauga, AL (FHA\|USDA\|VA)	8	$1,080,000	$135,000	$2,819	3.88%
URBAN HONOLULU, HI (FHA\|USDA\|VA)	2	$1,070,000	$535,000	$13,409	3.63%
Athens, TX (FHA\|USDA\|VA)	4	$1,060,000	$265,000	$5,084	3.97%
Jefferson, GA (FHA\|USDA\|VA)	4	$1,050,000	$262,500	$3,248	4.59%
MOUNT VERNON-ANACORTES, WA (FHA\|USDA\|VA)	4	$1,040,000	$260,000	$4,304	4.31%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA\|USDA\|VA)	5	$1,025,000	$205,000	$3,880	3.85%
Detroit-Warren-Dearborn, MI (FHA\|USDA\|VA)	3	$885,000	$295,000	$6,531	4.63%
SALINAS, CA (FHA\|USDA\|VA)	2	$880,000	$440,000	$3,810	3.59%
Oak Harbor, WA (FHA\|USDA\|VA)	3	$835,000	$278,333	$2,625	4.13%
Granbury, TX (FHA\|USDA\|VA)	4	$820,000	$205,000	$5,508	4.22%
SAN LUIS OBISPO-PASO ROBLES, CA (FHA\|USDA\|VA)	2	$810,000	$405,000	$3,228	5.19%
VALDOSTA, GA (FHA\|USDA\|VA)	4	$760,000	$190,000	$4,609	3.75%
PORT ST. LUCIE, FL (FHA\|USDA\|VA)	3	$755,000	$251,667	$3,588	3.42%
VICTORIA, TX (FHA\|USDA\|VA)	3	$755,000	$251,667	$6,033	4.42%
FRESNO, CA (FHA\|USDA\|VA)	3	$735,000	$245,000	$7,396	3.92%
Shelton, WA (FHA\|USDA\|VA)	2	$730,000	$365,000	$3,293	4.06%
CHICO, CA (FHA\|USDA\|VA)	3	$695,000	$231,667	$3,942	4.58%
LAKE HAVASU CITY-KINGMAN, AZ (FHA\|USDA\|VA)	2	$690,000	$345,000	$3,059	4.13%
SPOKANE-SPOKANE VALLEY, WA (FHA\|USDA\|VA)	2	$680,000	$340,000	$7,616	4.25%
SAN ANGELO, TX (FHA\|USDA\|VA)	2	$660,000	$330,000	$5,118	4.13%
SANTA CRUZ-WATSONVILLE, CA (FHA\|USDA\|VA)	1	$655,000	$655,000	$2,307	3.88%
CAPE CORAL-FORT MYERS, FL (FHA\|USDA\|VA)	3	$645,000	$215,000	$5,498	3.88%
Fredericksburg, TX (FHA\|USDA\|VA)	2	$640,000	$320,000	$7,403	3.75%
Ellensburg, WA (FHA\|USDA\|VA)	2	$630,000	$315,000	$3,470	4.38%
Rockport, TX (FHA\|USDA\|VA)	2	$630,000	$315,000	$6,939	4.94%
BIRMINGHAM-HOOVER, AL (FHA\|USDA\|VA)	3	$625,000	$208,333	$1,913	4.13%
WALLA WALLA, WA (FHA\|USDA\|VA)	1	$625,000	$625,000	$9,881	5.88%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA\|USDA\|VA)	3	$605,000	$201,667	$7,704	4.63%
CHARLESTON-NORTH CHARLESTON, SC (FHA\|USDA\|VA)	3	$595,000	$198,333	$4,156	3.88%
LUBBOCK, TX (FHA\|USDA\|VA)	5	$535,000	$107,000	$3,822	4.60%
MACON-BIBB COUNTY, GA (FHA\|USDA\|VA)	2	$510,000	$255,000	$4,029	3.88%
Gainesville, TX (FHA\|USDA\|VA)	3	$505,000	$168,333	$4,637	3.92%
TUCSON, AZ (FHA\|USDA\|VA)	2	$500,000	$250,000	$5,120	4.69%
JACKSON, TN (FHA\|USDA\|VA)	1	$485,000	$485,000	$10,992	3.38%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA\|USDA\|VA)	1	$485,000	$485,000	$4,487	4.00%
KILLEEN-TEMPLE, TX (FHA\|USDA\|VA)	3	$485,000	$161,667	$6,667	4.58%
SALT LAKE CITY, UT (FHA\|USDA\|VA)	2	$470,000	$235,000	$3,325	4.69%
ROANOKE, VA (FHA\|USDA\|VA)	1	$465,000	$465,000	$10,378	3.00%
LONGVIEW, TX (FHA\|USDA\|VA)	2	$460,000	$230,000	$5,494	3.63%
ANCHORAGE, AK (FHA\|USDA\|VA)	1	$455,000	$455,000	$9,361	3.63%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA\|USDA\|VA)	1	$455,000	$455,000	$5,013	4.13%
PROVIDENCE-WARWICK, RI-MA (FHA\|USDA\|VA)	1	$445,000	$445,000	$6,320	4.00%
PROVO-OREM, UT (FHA\|USDA\|VA)	2	$430,000	$215,000	$3,522	4.56%
Corsicana, TX (FHA\|USDA\|VA)	2	$430,000	$215,000	$3,765	4.19%
Eureka-Arcata, CA (FHA\|USDA\|VA)	1	$425,000	$425,000	$16,179	5.38%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA\|USDA\|VA)	2	$410,000	$205,000	$4,928	4.25%
PENSACOLA-FERRY PASS-BRENT, FL (FHA\|USDA\|VA)	3	$395,000	$131,667	$5,309	5.25%
Glenwood Springs, CO (FHA\|USDA\|VA)	1	$395,000	$395,000	$4,937	4.38%
GRAND JUNCTION, CO (FHA\|USDA\|VA)	1	$385,000	$385,000	$2,483	3.88%
Weatherford, OK (FHA\|USDA\|VA)	2	$380,000	$190,000	$4,097	4.31%
Pullman, WA (FHA\|USDA\|VA)	2	$380,000	$190,000	$4,069	3.81%
Alexander City, AL (FHA\|USDA\|VA)	1	$375,000	$375,000	$5,093	4.38%
Mount Pleasant, TX (FHA\|USDA\|VA)	1	$365,000	$365,000	$16,123	4.13%
PUEBLO, CO (FHA\|USDA\|VA)	2	$360,000	$180,000	$3,777	4.19%
TULSA, OK (FHA\|USDA\|VA)	1	$355,000	$355,000	$4,976	4.38%
Toccoa, GA (FHA\|USDA\|VA)	1	$345,000	$345,000	$2,991	3.50%
CALIFORNIA-LEXINGTON PARK, MD (FHA\|USDA\|VA)	1	$345,000	$345,000	$4,122	3.75%
BROWNSVILLE-HARLINGEN, TX (FHA\|USDA\|VA)	1	$345,000	$345,000	$5,790	4.38%
Sonora, CA (FHA\|USDA\|VA)	1	$345,000	$345,000	$5,770	4.00%
SALISBURY, MD-DE (FHA\|USDA\|VA)	2	$340,000	$170,000	$3,980	4.56%
El Campo, TX (FHA\|USDA\|VA)	2	$330,000	$165,000	$5,771	4.56%
Port Lavaca, TX (FHA\|USDA\|VA)	1	$325,000	$325,000	$4,356	3.63%
Centralia, WA (FHA\|USDA\|VA)	1	$325,000	$325,000	$3,524	3.50%
Mineral Wells, TX (FHA\|USDA\|VA)	1	$325,000	$325,000	$5,271	3.88%
CORPUS CHRISTI, TX (FHA\|USDA\|VA)	2	$320,000	$160,000	$5,006	4.50%
Port Angeles, WA (FHA\|USDA\|VA)	1	$305,000	$305,000	$1,956	4.00%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA\|USDA\|VA)	1	$305,000	$305,000	$3,984	3.75%
YUBA CITY, CA (FHA\|USDA\|VA)	1	$305,000	$305,000	$4,170	4.50%
AUBURN-OPELIKA, AL (FHA\|USDA\|VA)	1	$305,000	$305,000	$3,449	4.50%
POCATELLO, ID (FHA\|USDA\|VA)	1	$285,000	$285,000	$5,764	4.13%
Breckenridge, CO (FHA\|USDA\|VA)	1	$285,000	$285,000	$3,017	4.25%
PITTSBURGH, PA (FHA\|USDA\|VA)	1	$285,000	$285,000	$3,431	3.38%
Steamboat Springs, CO (FHA\|USDA\|VA)	1	$285,000	$285,000	$3,599	3.88%
BARNSTABLE TOWN, MA (FHA\|USDA\|VA)	1	$275,000	$275,000	$5,519	4.13%
BRUNSWICK, GA (FHA\|USDA\|VA)	1	$275,000	$275,000	$6,981	3.75%
Andrews, TX (FHA\|USDA\|VA)	1	$275,000	$275,000	$8,132	4.50%
GAINESVILLE, FL (FHA\|USDA\|VA)	1	$275,000	$275,000	$5,704	3.00%
CHARLOTTESVILLE, VA (FHA\|USDA\|VA)	1	$275,000	$275,000	$2,772	4.88%
CHEYENNE, WY (FHA\|USDA\|VA)	1	$265,000	$265,000	$3,137	4.00%
NAPLES-MARCO ISLAND, FL (FHA\|USDA\|VA)	1	$265,000	$265,000	$11,319	4.00%
EUGENE-SPRINGFIELD, OR (FHA\|USDA\|VA)	1	$265,000	$265,000	$7,675	5.13%
Bay City, TX (FHA\|USDA\|VA)	2	$260,000	$130,000	$5,217	4.50%
Bonham, TX (FHA\|USDA\|VA)	2	$250,000	$125,000	$4,660	4.06%
Del Rio, TX (FHA\|USDA\|VA)	1	$245,000	$245,000	$7,626	4.50%
REDDING, CA (FHA\|USDA\|VA)	1	$235,000	$235,000	$2,942	3.63%
North Port-Sarasota-Bradenton, FL (FHA\|USDA\|VA)	1	$225,000	$225,000	$3,622	4.25%
Taos, NM (FHA\|USDA\|VA)	1	$215,000	$215,000	$2,055	4.50%
ATHENS-CLARKE COUNTY, GA (FHA\|USDA\|VA)	1	$205,000	$205,000	$3,693	3.88%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA\|USDA\|VA)	1	$205,000	$205,000	$5,557	4.88%
CINCINNATI, OH-KY-IN (FHA\|USDA\|VA)	1	$195,000	$195,000	$1,758	3.00%
SALEM, OR (FHA\|USDA\|VA)	1	$185,000	$185,000	$6,715	5.00%
JACKSONVILLE, FL (FHA\|USDA\|VA)	1	$185,000	$185,000	$7,283	5.25%
Brookings, OR (FHA\|USDA\|VA)	1	$185,000	$185,000	$2,906	4.00%
HANFORD-CORCORAN, CA (FHA\|USDA\|VA)	1	$175,000	$175,000	$5,761	4.00%
VISALIA, CA (FHA\|USDA\|VA)	1	$175,000	$175,000	$5,276	3.88%
MEDFORD, OR (FHA\|USDA\|VA)	1	$165,000	$165,000	$3,438	4.38%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA\|USDA\|VA)	1	$165,000	$165,000	$2,512	4.00%
Easton, MD (FHA\|USDA\|VA)	1	$155,000	$155,000	$3,891	3.13%
Paris, TX (FHA\|USDA\|VA)	1	$145,000	$145,000	$4,243	4.00%
Kerrville, TX (FHA\|USDA\|VA)	1	$145,000	$145,000	$7,636	5.25%
Big Spring, TX (FHA\|USDA\|VA)	1	$145,000	$145,000	$4,208	3.75%
Nacogdoches, TX (FHA\|USDA\|VA)	1	$145,000	$145,000	$5,175	4.50%
WORCESTER, MA-CT (FHA\|USDA\|VA)	1	$135,000	$135,000	$2,013	3.63%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA\|USDA\|VA)	1	$125,000	$125,000	$4,325	5.25%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA\|USDA\|VA)	1	$125,000	$125,000	$6,964	4.75%
LAS CRUCES, NM (FHA\|USDA\|VA)	1	$115,000	$115,000	$3,413	5.38%
ANNISTON-OXFORD, AL (FHA\|USDA\|VA)	1	$115,000	$115,000	$4,372	4.00%
Stephenville, TX (FHA\|USDA\|VA)	1	$95,000	$95,000	$3,260	3.75%
Thomaston, GA (FHA\|USDA\|VA)	1	$85,000	$85,000	$2,995	4.00%
WICHITA FALLS, TX (FHA\|USDA\|VA)	1	$75,000	$75,000	$3,137	4.25%
LAKELAND-WINTER HAVEN, FL (FHA\|USDA\|VA)	1	$55,000	$55,000	$3,088	5.00%

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

Their top states include:

Texas (FHA|USDA|VA)

California (FHA|USDA|VA)

Georgia (FHA|USDA|VA)

Washington (FHA|USDA|VA)

Colorado (FHA|USDA|VA)

Similar Lenders

We use machine learning to identify the top lenders compared against NexBank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

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Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	4,564	$1,480,890,000	$324,472	$4,901	4.07%
FHA	110	$29,660,000	$269,636	$8,742	3.99%
VA	103	$36,895,000	$358,204	$6,659	3.80%

For 2019, Nexbank's most frequently originated type of loan was Conventional, with 4,564 originations. Their 2nd most popular type was FHA, with 110 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Home Purchase	2,067	$660,895,000	$319,736	$5,439	4.12%
Refi	1,466	$496,760,000	$338,854	$4,461	3.88%
Cash Out Refi	1,239	$388,685,000	$313,709	$5,015	4.17%
Other	5	$1,105,000	$221,000	$4,084	4.68%

For 2019, Nexbank's most frequently cited loan purpose was Home Purchase, with 2,067 originations. The 2nd most popular reason was Refi, with 1,466 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
30 Year	4,033	$1,321,155,000	$327,586	$5,123	4.15%
15 Year	509	$142,195,000	$279,361	$4,412	3.43%
20 Year	167	$46,825,000	$280,389	$4,435	3.80%
Other	47	$32,685,000	$695,426	$6,213	3.93%
10 Year	21	$4,585,000	$218,333	$3,709	3.67%

For 2019, Nexbank's most frequently cited loan duration was 30 Year, with 4,033 originations. The 2nd most popular length was 15 Year, with 509 originations.

Origination Fees/Closing Costs

Origination Fee/Closing Cost	Originations	Total Value	Average Loan
$1k-2k	1,616	$495,340,000	$306,522
$<1k	1,519	$503,265,000	$331,313
$5k+	485	$203,835,000	$420,278
$2k-3k	476	$127,590,000	$268,046
$3k-4k	401	$109,665,000	$273,479
$4k-5k	279	$90,495,000	$324,355

Nexbank's average total fees were $5,123, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 1,616 originations.

Interest Rates

Loan Rate	Originations	Total Value	Average Loan
3-4%	2,755	$928,495,000	$337,022
4-5%	1,632	$508,280,000	$311,446
5-6%	282	$76,430,000	$271,028
2.5-3%	101	$32,965,000	$326,386
<2.5%	6	$1,050,000	$175,000
7-8%	1	$225,000	$225,000

During 2019, Nexbank's average interest rate for loans was 4.15%, while their most frequently originated rate bucket for loans was 3-4%, with 2,755 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$200k-400k	2,448	$716,600,000	$292,729	$4,862	4.00%
$400k-600k	1,088	$508,220,000	$467,114	$5,663	3.97%
$100k-200k	955	$149,255,000	$156,288	$4,342	4.24%
$600k-1MM	194	$132,620,000	$683,608	$6,633	4.03%
$100,000 or less	81	$6,845,000	$84,506	$4,567	4.82%
$1MM+	11	$33,905,000	$3,082,273	$13,987	4.48%

2019 saw Nexbank place emphasis on $200k-400k loans with 2,448 originations, totaling $716,600,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100k-150k	1,405	$477,115,000	$339,584	$5,089	4.03%
$150k-250k	1,069	$404,765,000	$378,639	$5,355	4.04%
$75k-100k	829	$238,035,000	$287,135	$4,895	4.07%
$50k-75k	779	$182,175,000	$233,858	$4,428	4.12%
$250k+	366	$159,840,000	$436,721	$5,875	4.07%
$50k or less	297	$54,305,000	$182,845	$4,268	4.04%

Nexbank lent most frequently to those with incomes in the $100k-150k range, with 1,405 originations. The second most popular income band? $150k-250k, with 1,069 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-30%	1,008	$316,250,000	$313,740	$4,614	3.92%
30-36%	893	$287,895,000	$322,391	$4,976	4.03%
<20%	331	$103,835,000	$313,701	$4,567	3.87%
44%	217	$65,875,000	$303,571	$5,071	4.19%
41%	198	$63,850,000	$322,475	$5,093	4.18%
40%	193	$63,485,000	$328,938	$5,241	4.10%
39%	187	$64,415,000	$344,465	$5,273	4.11%
43%	186	$60,060,000	$322,903	$5,149	4.18%
42%	185	$58,435,000	$315,865	$5,254	4.14%
49%	176	$57,740,000	$328,068	$5,083	4.26%
38%	171	$53,915,000	$315,292	$4,861	4.14%
36%	167	$51,065,000	$305,778	$5,152	4.08%
46%	166	$52,990,000	$319,217	$5,166	4.19%
37%	164	$53,300,000	$325,000	$5,280	4.02%
47%	157	$49,455,000	$315,000	$5,192	4.21%
48%	129	$41,425,000	$321,124	$5,323	4.16%
45%	129	$44,415,000	$344,302	$5,330	4.25%
50-60%	68	$21,160,000	$311,176	$7,474	3.94%
>60%	25	$10,525,000	$421,000	$9,566	4.00%

Nexbank lent most frequently to those with DTI ratios of 20-30%, with 1,008 originations. The next most common DTI ratio? 30-36%, with 893 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	3,524	$1,122,970,000	$318,663	$5,071	4.08%
Asian	578	$201,290,000	$348,253	$4,898	3.87%
Not provided	422	$134,460,000	$318,626	$4,792	4.09%
Black	206	$56,550,000	$274,515	$5,098	4.17%
Not applicable	1	$17,255,000	$17,255,000	$0	5.25%
American Indian	22	$5,950,000	$270,455	$4,731	4.04%
Asian Indian	8	$3,730,000	$466,250	$5,356	3.75%
Native Hawaiian or Islander	10	$3,560,000	$356,000	$4,909	4.33%
Filipino	2	$730,000	$365,000	$3,467	4.38%
Other Asian	2	$490,000	$245,000	$5,107	4.31%
Other Pacific Islander	2	$460,000	$230,000	$10,422	4.38%

Approval Rates

Total approvals of all applications
98.88%

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
90.24%

Nexbank has an average pick rate.

Points and Fees

Points	Originations	Total Value	Average Loan
NA	4,777	$1,547,445,000	$323,937

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
Multifamily:Site-Built	1	$17,255,000	$17,255,000
Single Family (1-4 Units):Manufactured	6	$2,620,000	$436,667
Single Family (1-4 Units):Site-Built	4,770	$1,527,570,000	$320,245

LTV Distribution

Loan to Value	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-40%	153	$41,305,000	$269,967	$4,611	3.73%
40-60%	503	$153,075,000	$304,324	$4,520	3.81%
60-80%	2,474	$805,330,000	$325,517	$4,971	4.12%
80-100%	1,608	$518,820,000	$322,649	$5,280	4.08%
Over 100%	25	$9,235,000	$369,400	$7,636	3.98%
Under 20%	12	$2,350,000	$195,833	$3,881	3.66%

Bank Details

Branches

Bank Name	Branch	Branch Type	Deposits (000's)
NexBank, SSB	2515 Mckinney Ave, Suite 1100 Dallas, TX 75201	Full Service B&M	$0
NexBank, SSB	2515 Mckinney Avenue, Suite 1700 Dallas, TX 75201	Full Service B&M	$132,075
NexBank, SSB	6121 Luther Lane Dallas, TX 75225	Full Service B&M	$6,930,162

For 2019, Nexbank had 3 branches.

Yearly Performance Overview

Bank Income

Item	Value (in 000's)
Total interest income	$284,983
Net interest income	$168,993
Total noninterest income	$-10,997
Gross Fiduciary activities income	$0
Service charges on deposit accounts	$11
Trading account gains and fees	$0
Additional Noninterest Income	$-11,008
Pre-tax net operating income	$87,600
Securities gains (or losses, -)	$5,023
Income before extraordinary items	$74,521
Discontinued Operations (Extraordinary gains, net)	$0
Net income of bank and minority interests	$74,521
Minority interest net income	$0
Net income	$74,521
Sale, conversion, retirement of capital stock, net	$0
Net operating income	$70,502

Nexbank's gross interest income from loans was $284,983,000.
Nexbank's net interest income from loans was $168,993,000.
Nexbank's fee based income from loans was $11,000.
Nexbank's net income from loans was $74,521,000.

Bank Expenses

Item	Value (in 000's)
Total interest expense	$115,990
Provision for credit losses	$8,105
Total noninterest expense	$62,291
Salaries and employee benefits	$26,402
Premises and equipment expense	$1,773
Additional noninterest expense	$34,116
Applicable income taxes	$18,102
Net charge-offs	$1,630
Cash dividends	$12,000

Nexbank's interest expense for loans was $115,990,000.
Nexbank's payroll and benefits expense were $26,402,000.
Nexbank's property, plant and equipment expenses $1,773,000.

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	0.0%
HELOC loans	0.0%
All other family	0.0%
Commercial & industrial loans	0.0%
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	$6,777,304
Deposits held in domestic offices	$6,777,304
Deposits by Individuals, partnerships, and corporations	$5,294,273
Deposits by U.S. Government	$0
Deposits by States and political subdivisions in the U.S.	$712,632
Deposits by Commercial banks and other depository institutions in U.S.	$770,399
Deposits by Banks in foreign countries	$0
Deposits by Foreign governments and official institutions	$0
Transaction accounts	$439,014
Demand deposits	$439,014
Nontransaction accounts	$6,338,290
Money market deposit accounts (MMDAs)	$6,024,917
Other savings deposits (excluding MMDAs)	$55,080
Total time deposits	$258,293
Total time and savings deposits	$6,338,290
Noninterest-bearing deposits	$321,019
Interest-bearing deposits	$6,456,285
Retail deposits	$6,754,671
IRAs and Keogh plan accounts	$655
Brokered deposits	$505,333
Deposits held in foreign offices	$0

Assets

Asset	Value (in 000's)
Total Assets	$9,767,997
Cash & Balances due from depository institutions	$1,073,824
Interest-bearing balances	$1,060,267
Total securities	$1,634,178
Federal funds sold & reverse repurchase	$0
Net loans and leases	$6,672,591
Loan and leases loss allowance	$38,169
Trading account assets	$0
Bank premises and fixed assets	$791
Other real estate owned	$1,045
Goodwill and other intangibles	$53,148
All other assets	$332,420

Liabilities

Liabilities	Value (in 000's)
Total liabilities and capital	$9,767,998
Total Liabilities	$9,075,013
Total deposits	$6,777,304
Interest-bearing deposits	$6,456,285
Deposits held in domestic offices	$6,777,304
% insured (estimated)	$75
Federal funds purchased and repurchase agreements	$0
Trading liabilities	$0
Other borrowed funds	$2,108,000
Subordinated debt	$0
All other liabilities	$189,709

Issued Loan Types

Type	Value (in 000's)
Net loans and leases	$6,672,591
Loan and leases loss allowance	$38,169
Total loans and leases (domestic)	$6,710,760
All real estate loans	$5,516,395
Real estate loans in domestic offices	$5,516,395
Construction and development loans	$133,611
Residential 1-4 family construction	$7,845
Other construction, all land development and other land	$125,766
Loans secured by nonfarm nonresidential properties	$770,535
Nonfarm nonresidential secured by owner-occupied properties	$25,710
Commercial real estate & other non-farm, non-residential	$744,825
Multifamily residential real estate	$710,949
1-4 family residential loans	$3,901,300
Farmland loans	$0
Loans held in foreign offices	$0
Farm loans	$0
Commercial and industrial loans	$429,845
To non-U.S. addressees	$0
Loans to individuals	$7,391
Credit card loans	$0
Related Plans	$404
Consumer Auto Loans	$0
Other loans to individuals	$6,987
All other loans & leases	$757,129
Loans to foreign governments and official institutions	$0
Other loans	$756,929
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 $6,672,591,000 of loans outstanding in 2019. $5,516,395,000 of loans were in real estate loans. $133,611,000 of loans were in development loans. $710,949,000 of loans were in multifamily mortgage loans. $3,901,300,000 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	13	$7,731	$594,692
Nonfarm, nonresidential loans - $250k-1MM	13	$7,731	$594,692
Commercial & Industrial, US addressed loans - <$1MM	14	$2,571	$183,643
Commercial & Industrial, US addressed loans - <$100k	6	$182	$30,333
Commercial & Industrial, US addressed loans - $250k-1MM	8	$2,389	$298,625