Nexbank Mortgage Rates, Fees & Info
Dallas, TXLEI: 549300NWBS6MQJX15N44
Tax ID: 75-0600540
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Bank Data
Review & Overview
Nexbank is a small bank specializing in Refi, Cash Out Refi, and Home Purchase 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, Austin, and San Diego among others. We have data for 168 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 a below 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% | 11/21/24 |
| 30 Year Conventional Refi | 6.28% | 11/21/24 |
| 30 Year Cash-out Refi | 6.39% | 11/21/24 |
| 30 Year FHA Purchase | 6.81% | 11/21/24 |
| 30 Year FHA Refi | 6.27% | 11/21/24 |
| 30 Year VA Purchase | 5.85% | 11/21/24 |
| 30 Year VA Refi | 6.27% | 11/21/24 |
| 15 Year Conventional Purchase | 5.98% | 11/21/24 |
| 15 Year Conventional Refi | 5.96% | 11/21/24 |
| 15 Year Cash-out Refi | 5.96% | 11/21/24 |
| 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
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
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
6,179Origination Dollar Volume (All Markets)
$2,072,655,000Employee count
87Awards
NexBank - 2020
NexBank is a 2020 , due to their low .
For 2020, less than of lenders were eligible for this award.
Work for NexBank?
Use this award on your own site. Either save and use the images below, or pass the provided image embed code to your development team.
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) | 1,255 | $391,585,000 | $312,020 | $5,468 | 3.20% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 752 | $224,380,000 | $298,378 | $4,282 | 3.19% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 279 | $141,305,000 | $506,470 | $5,668 | 3.25% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 417 | $132,875,000 | $318,645 | $5,743 | 3.26% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 262 | $132,320,000 | $505,038 | $4,871 | 3.19% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 195 | $108,995,000 | $558,949 | $4,280 | 3.19% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 261 | $106,055,000 | $406,341 | $4,614 | 3.26% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 462 | $103,080,000 | $223,117 | $3,563 | 3.20% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 387 | $98,105,000 | $253,501 | $6,375 | 3.44% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 256 | $84,930,000 | $331,758 | $5,534 | 3.38% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 190 | $75,870,000 | $399,316 | $4,696 | 3.20% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 153 | $55,865,000 | $365,131 | $4,569 | 3.23% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 146 | $46,970,000 | $321,712 | $6,546 | 3.70% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 142 | $35,460,000 | $249,718 | $2,729 | 3.20% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 52 | $34,250,000 | $658,654 | $3,225 | 3.27% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 76 | $26,700,000 | $351,316 | $3,567 | 3.15% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 54 | $24,980,000 | $462,593 | $6,524 | 3.09% |
| Outside of Metro Areas | 75 | $19,965,000 | $266,200 | $4,834 | 3.28% |
| RICHMOND, VA (FHA|USDA|VA) | 57 | $15,995,000 | $280,614 | $3,675 | 3.14% |
| FORT COLLINS, CO (FHA|USDA|VA) | 46 | $13,870,000 | $301,522 | $4,842 | 3.29% |
| GREELEY, CO (FHA|USDA|VA) | 32 | $10,790,000 | $337,188 | $5,118 | 3.40% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 20 | $10,020,000 | $501,000 | $5,531 | 3.26% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 24 | $7,280,000 | $303,333 | $5,334 | 3.27% |
| BOULDER, CO (FHA|USDA|VA) | 18 | $7,200,000 | $400,000 | $7,090 | 3.15% |
| STOCKTON, CA (FHA|USDA|VA) | 19 | $6,685,000 | $351,842 | $3,683 | 3.22% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 16 | $6,230,000 | $389,375 | $7,017 | 3.40% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 30 | $5,290,000 | $176,333 | $3,933 | 3.23% |
| Durango, CO (FHA|USDA|VA) | 16 | $5,240,000 | $327,500 | $4,532 | 3.03% |
| ABILENE, TX (FHA|USDA|VA) | 24 | $4,960,000 | $206,667 | $5,330 | 3.35% |
| WACO, TX (FHA|USDA|VA) | 20 | $4,170,000 | $208,500 | $5,116 | 3.37% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 16 | $4,160,000 | $260,000 | $5,641 | 3.18% |
| NAPA, CA (FHA|USDA|VA) | 5 | $4,135,000 | $827,000 | $4,074 | 3.40% |
| BELLINGHAM, WA (FHA|USDA|VA) | 11 | $4,115,000 | $374,091 | $3,749 | 3.22% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 7 | $3,945,000 | $563,571 | $3,913 | 3.16% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 8 | $3,800,000 | $475,000 | $8,020 | 3.34% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 10 | $3,690,000 | $369,000 | $4,176 | 3.21% |
| GAINESVILLE, GA (FHA|USDA|VA) | 12 | $3,590,000 | $299,167 | $3,474 | 3.22% |
| PITTSBURGH, PA (FHA|USDA|VA) | 12 | $3,580,000 | $298,333 | $4,403 | 3.00% |
| TULSA, OK (FHA|USDA|VA) | 18 | $3,170,000 | $176,111 | $4,218 | 3.07% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 7 | $2,945,000 | $420,714 | $4,184 | 3.29% |
| TYLER, TX (FHA|USDA|VA) | 10 | $2,900,000 | $290,000 | $6,047 | 3.25% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 4 | $2,850,000 | $712,500 | $14,380 | 3.22% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 10 | $2,760,000 | $276,000 | $6,517 | 3.21% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 8 | $2,720,000 | $340,000 | $7,668 | 3.47% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 11 | $2,615,000 | $237,727 | $5,159 | 3.34% |
| MIDLAND, TX (FHA|USDA|VA) | 9 | $2,365,000 | $262,778 | $6,279 | 3.31% |
| Athens, TX (FHA|USDA|VA) | 6 | $2,200,000 | $366,667 | $8,558 | 3.23% |
| MODESTO, CA (FHA|USDA|VA) | 8 | $2,200,000 | $275,000 | $4,895 | 3.31% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 4 | $2,190,000 | $547,500 | $10,102 | 3.28% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 7 | $2,155,000 | $307,857 | $5,891 | 3.45% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 3 | $1,895,000 | $631,667 | $4,890 | 3.13% |
| FRESNO, CA (FHA|USDA|VA) | 5 | $1,885,000 | $377,000 | $3,733 | 2.93% |
| WENATCHEE, WA (FHA|USDA|VA) | 6 | $1,830,000 | $305,000 | $3,072 | 3.25% |
| Key West, FL (FHA|USDA|VA) | 2 | $1,770,000 | $885,000 | $12,838 | 3.13% |
| CHEYENNE, WY (FHA|USDA|VA) | 9 | $1,695,000 | $188,333 | $2,945 | 3.42% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 8 | $1,590,000 | $198,750 | $4,155 | 2.91% |
| Jefferson, GA (FHA|USDA|VA) | 6 | $1,590,000 | $265,000 | $3,435 | 3.44% |
| Oak Harbor, WA (FHA|USDA|VA) | 4 | $1,560,000 | $390,000 | $5,370 | 3.25% |
| Talladega-Sylacauga, AL (FHA|USDA|VA) | 8 | $1,530,000 | $191,250 | $4,970 | 2.97% |
| SALINAS, CA (FHA|USDA|VA) | 4 | $1,480,000 | $370,000 | $9,548 | 3.22% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 6 | $1,400,000 | $233,333 | $5,721 | 3.23% |
| BOISE CITY, ID (FHA|USDA|VA) | 3 | $1,365,000 | $455,000 | $6,601 | 2.92% |
| KNOXVILLE, TN (FHA|USDA|VA) | 3 | $1,275,000 | $425,000 | $10,773 | 3.08% |
| Rockport, TX (FHA|USDA|VA) | 4 | $1,180,000 | $295,000 | $4,527 | 3.13% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 4 | $1,120,000 | $280,000 | $5,606 | 3.60% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 2 | $1,090,000 | $545,000 | $4,107 | 3.06% |
| Granbury, TX (FHA|USDA|VA) | 5 | $1,085,000 | $217,000 | $4,142 | 2.75% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 4 | $1,080,000 | $270,000 | $5,111 | 3.38% |
| Gainesville, TX (FHA|USDA|VA) | 4 | $1,070,000 | $267,500 | $4,762 | 3.00% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 3 | $1,045,000 | $348,333 | $3,922 | 4.04% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 4 | $1,010,000 | $252,500 | $4,398 | 3.03% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 4 | $980,000 | $245,000 | $4,535 | 3.75% |
| EL CENTRO, CA (FHA|USDA|VA) | 3 | $925,000 | $308,333 | $5,383 | 3.13% |
| AUBURN-OPELIKA, AL (FHA|USDA|VA) | 3 | $915,000 | $305,000 | $2,372 | 3.08% |
| EL PASO, TX (FHA|USDA|VA) | 4 | $910,000 | $227,500 | $3,636 | 2.97% |
| VALDOSTA, GA (FHA|USDA|VA) | 5 | $905,000 | $181,000 | $3,338 | 3.28% |
| REDDING, CA (FHA|USDA|VA) | 3 | $905,000 | $301,667 | $5,266 | 3.46% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 3 | $875,000 | $291,667 | $3,457 | 3.13% |
| Mount Pleasant, TX (FHA|USDA|VA) | 2 | $870,000 | $435,000 | $3,918 | 3.00% |
| Bonham, TX (FHA|USDA|VA) | 3 | $845,000 | $281,667 | $4,790 | 3.29% |
| LUBBOCK, TX (FHA|USDA|VA) | 2 | $790,000 | $395,000 | $9,644 | 2.88% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 3 | $775,000 | $258,333 | $7,150 | 3.04% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 5 | $695,000 | $139,000 | $2,559 | 3.08% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 4 | $690,000 | $172,500 | $5,704 | 2.81% |
| ODESSA, TX (FHA|USDA|VA) | 3 | $685,000 | $228,333 | $5,433 | 3.08% |
| Seneca, SC (FHA|USDA|VA) | 1 | $675,000 | $675,000 | $3,750 | 4.00% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 2 | $670,000 | $335,000 | $4,080 | 3.19% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 2 | $630,000 | $315,000 | $3,439 | 3.38% |
| Breckenridge, CO (FHA|USDA|VA) | 2 | $630,000 | $315,000 | $7,430 | 3.69% |
| PUEBLO, CO (FHA|USDA|VA) | 2 | $620,000 | $310,000 | $8,446 | 2.88% |
| AMARILLO, TX (FHA|USDA|VA) | 2 | $610,000 | $305,000 | $3,982 | 3.06% |
| EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) | 2 | $610,000 | $305,000 | $4,731 | 3.56% |
| CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) | 2 | $600,000 | $300,000 | $2,971 | 3.19% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 2 | $590,000 | $295,000 | $4,551 | 3.00% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 3 | $565,000 | $188,333 | $3,988 | 3.46% |
| Fort Morgan, CO (FHA|USDA|VA) | 2 | $560,000 | $280,000 | $6,982 | 3.50% |
| DALTON, GA (FHA|USDA|VA) | 3 | $535,000 | $178,333 | $4,203 | 3.42% |
| MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $4,317 | 3.06% |
| El Campo, TX (FHA|USDA|VA) | 3 | $525,000 | $175,000 | $3,753 | 3.75% |
| Mineral Wells, TX (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $4,279 | 2.94% |
| Edwards, CO (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $8,366 | 3.50% |
| WARNER ROBINS, GA (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $2,608 | 3.38% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $5,174 | 3.50% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $5,382 | 2.50% |
| BRUNSWICK, GA (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $3,601 | 2.88% |
| VICTORIA, TX (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $4,543 | 3.25% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $8,497 | 3.13% |
| BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $6,654 | 3.38% |
| Georgetown, SC (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $3,844 | 3.31% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $5,016 | 3.00% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $2,855 | 3.25% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $8,130 | 2.63% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $4,581 | 3.25% |
| MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $5,079 | 2.50% |
| VALLEJO, CA (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $6,003 | 3.13% |
| LAREDO, TX (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $6,753 | 3.31% |
| LONGVIEW, TX (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $6,665 | 3.06% |
| MACON-BIBB COUNTY, GA (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $3,686 | 3.44% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $4,765 | 3.88% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $3,742 | 4.19% |
| SAVANNAH, GA (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $7,906 | 2.88% |
| Warrensburg, MO (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $2,497 | 3.00% |
| LONGVIEW, WA (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $4,006 | 4.00% |
| Brenham, TX (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $3,058 | 3.25% |
| PANAMA CITY, FL (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $4,478 | 3.00% |
| SAN ANGELO, TX (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $4,463 | 2.63% |
| Glenwood Springs, CO (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $2,699 | 3.88% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $3,261 | 3.38% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $1,900 | 3.13% |
| BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $4,413 | 4.06% |
| ROCKFORD, IL (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $3,528 | 2.88% |
| WICHITA FALLS, TX (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $5,536 | 3.44% |
| Sweetwater, TX (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $5,375 | 3.06% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $6,265 | 2.50% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $5,694 | 2.75% |
| TWIN FALLS, ID (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $9,135 | 3.25% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $4,591 | 2.88% |
| Sonora, CA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $1,992 | 3.38% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $5,972 | 2.50% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $5,432 | 3.50% |
| HOT SPRINGS, AR (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $5,315 | 3.63% |
| YUBA CITY, CA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $2,691 | 3.13% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,339 | 3.13% |
| MONTGOMERY, AL (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $3,381 | 3.13% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $3,803 | 3.00% |
| Aberdeen, WA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $3,681 | 2.88% |
| COLUMBUS, GA-AL (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $4,051 | 2.75% |
| THE VILLAGES, FL (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $3,675 | 3.00% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $2,092 | 3.00% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,572 | 3.00% |
| ANCHORAGE, AK (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $4,630 | 3.88% |
| Montrose, CO (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $7,297 | 3.25% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $4,080 | 3.50% |
| Alexander City, AL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $4,275 | 3.25% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $1,017 | 2.63% |
| ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $2,381 | 2.88% |
| Huntsville, TX (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,657 | 3.25% |
| McAlester, OK (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $4,177 | 3.13% |
| MONROE, LA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $5,350 | 3.25% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,875 | 3.38% |
| Shelton, WA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $6,154 | 3.25% |
| BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $2,555 | 3.00% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $2,631 | 2.88% |
| GRAND JUNCTION, CO (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $4,650 | 3.63% |
| LAWRENCE, KS (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $1,865 | 2.88% |
| Durant, OK (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,632 | 3.50% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $4,534 | 4.00% |
| New Castle, IN (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $3,889 | 3.00% |
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.
Similarity Rank: 168
Similarity Rank: 176
Similarity Rank: 240
Similarity Rank: 304
Similarity Rank: 330
Similarity Rank: 336
Similarity Rank: 345
Similarity Rank: 372
Similarity Rank: 378
Similarity Rank: 384
Product Mix
For 2020, Nexbank's most frequently originated type of loan was Conventional, with 5,871 originations. Their 2nd most popular type was VA, with 185 originations.
Loan Reason
For 2020, Nexbank's most frequently cited loan purpose was Refi, with 2,899 originations. The 2nd most popular reason was Cash Out Refi, with 1,624 originations.
Loan Duration/Length
For 2020, Nexbank's most frequently cited loan duration was 30 Year, with 4,837 originations. The 2nd most popular length was 15 Year, with 888 originations.
Origination Fees/Closing Costs
Nexbank's average total fees were $5,244, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 2,154 originations.
Interest Rates
During 2020, Nexbank's average interest rate for loans was 3.32%, while their most frequently originated rate bucket for loans was 3-4%, with 3,729 originations.
Loan Sizing
2020 saw Nexbank place emphasis on $200k-400k loans with 3,110 originations, totaling $905,040,000 in origination value.
Applicant Income
Nexbank lent most frequently to those with incomes in the $100k-150k range, with 1,713 originations. The second most popular income band? $150k-250k, with 1,483 originations.
Applicant Debt to Income Ratio
Nexbank lent most frequently to those with DTI ratios of 20-30%, with 1,566 originations. The next most common DTI ratio? 30-36%, with 1,171 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.45%
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 origination89.89%
Nexbank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 6,179 | $2,072,655,000 | $335,435 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Multifamily:Site-Built | 2 | $28,960,000 | $14,480,000 |
| Single Family (1-4 Units):Site-Built | 6,177 | $2,043,695,000 | $330,856 |
LTV Distribution
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 | $118,818 |
| Nexbank, SSB | 6121 Luther Lane Dallas, TX 75225 | Full Service B&M | $7,194,655 |
For 2020, Nexbank had 3 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $276,458 |
| Net interest income | $190,001 |
| Total noninterest income | $17,570 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $9 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $17,561 |
| Pre-tax net operating income | $109,731 |
| Securities gains (or losses, -) | $7,572 |
| Income before extraordinary items | $91,772 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $91,772 |
| Minority interest net income | $0 |
| Net income | $91,772 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $85,790 |
Nexbank's gross interest income from loans was $276,458,000.
Nexbank's net interest income from loans was $190,001,000.
Nexbank's fee based income from loans was $9,000.
Nexbank's net income from loans was $91,772,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $86,457 |
| Provision for credit losses | $33,095 |
| Total noninterest expense | $64,745 |
| Salaries and employee benefits | $28,719 |
| Premises and equipment expense | $1,740 |
| Additional noninterest expense | $34,286 |
| Applicable income taxes | $25,531 |
| Net charge-offs | $21,823 |
| Cash dividends | $61,937 |
Nexbank's interest expense for loans was $86,457,000.
Nexbank's payroll and benefits expense were $28,719,000.
Nexbank's property, plant and equipment expenses $1,740,000.
Loan Performance
| Type of Loan | % of Loans Noncurrent (30+ days, end of period snapshot) |
|---|---|
| All loans | 1.0% |
| 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 | 13.0% |
| 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 | $7,179,847 |
| Deposits held in domestic offices | $7,179,847 |
| Deposits by Individuals, partnerships, and corporations | $5,495,006 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $364,412 |
| Deposits by Commercial banks and other depository institutions in U.S. | $1,320,429 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $564,043 |
| Demand deposits | $564,043 |
| Nontransaction accounts | $6,615,804 |
| Money market deposit accounts (MMDAs) | $6,362,188 |
| Other savings deposits (excluding MMDAs) | $59,050 |
| Total time deposits | $194,566 |
| Total time and savings deposits | $6,615,804 |
| Noninterest-bearing deposits | $488,033 |
| Interest-bearing deposits | $6,691,814 |
| Retail deposits | $7,151,581 |
| IRAs and Keogh plan accounts | $408 |
| Brokered deposits | $783,719 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $9,151,935 |
| Cash & Balances due from depository institutions | $1,391,810 |
| Interest-bearing balances | $1,343,200 |
| Total securities | $1,776,711 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $5,558,125 |
| Loan and leases loss allowance | $49,441 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $483 |
| Other real estate owned | $292 |
| Goodwill and other intangibles | $38,725 |
| All other assets | $385,789 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $9,151,935 |
| Total Liabilities | $8,567,225 |
| Total deposits | $7,179,847 |
| Interest-bearing deposits | $6,691,814 |
| Deposits held in domestic offices | $7,179,847 |
| % insured (estimated) | $62 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $1,025,000 |
| Subordinated debt | $0 |
| All other liabilities | $362,378 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $5,558,125 |
| Loan and leases loss allowance | $49,441 |
| Total loans and leases (domestic) | $5,607,566 |
| All real estate loans | $4,175,389 |
| Real estate loans in domestic offices | $4,175,389 |
| Construction and development loans | $134,296 |
| Residential 1-4 family construction | $5,181 |
| Other construction, all land development and other land | $129,115 |
| Loans secured by nonfarm nonresidential properties | $742,764 |
| Nonfarm nonresidential secured by owner-occupied properties | $24,492 |
| Commercial real estate & other non-farm, non-residential | $718,272 |
| Multifamily residential real estate | $607,242 |
| 1-4 family residential loans | $2,691,087 |
| Farmland loans | $0 |
| Loans held in foreign offices | $0 |
| Farm loans | $0 |
| Commercial and industrial loans | $231,168 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $18,720 |
| Credit card loans | $0 |
| Related Plans | $239 |
| Consumer Auto Loans | $0 |
| Other loans to individuals | $18,481 |
| All other loans & leases | $1,182,288 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $1,182,288 |
| 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 $5,558,125,000 of loans outstanding in 2020. $4,175,389,000 of loans were in real estate loans. $134,296,000 of loans were in development loans. $607,242,000 of loans were in multifamily mortgage loans. $2,691,087,000 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 | $4,956 | $619,500 |
| Nonfarm, nonresidential loans - $250k-1MM | 8 | $4,956 | $619,500 |
| Commercial & Industrial, US addressed loans - <$1MM | 11 | $1,326 | $120,545 |
| Commercial & Industrial, US addressed loans - <$100k | 3 | $62 | $20,667 |
| Commercial & Industrial, US addressed loans - $100-250k | 2 | $273 | $136,500 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 6 | $991 | $165,167 |