Nexbank Mortgage Rates, Fees & Info

Dallas, TX

LEI: 549300NWBS6MQJX15N44

Tax ID: 75-0600540

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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% 3/28/24
30 Year Conventional Refi 6.28% 3/28/24
30 Year Cash-out Refi 6.39% 3/28/24
30 Year FHA Purchase 6.81% 3/28/24
30 Year FHA Refi 6.27% 3/28/24
30 Year VA Purchase 5.85% 3/28/24
30 Year VA Refi 6.27% 3/28/24
15 Year Conventional Purchase 5.98% 3/28/24
15 Year Conventional Refi 5.96% 3/28/24
15 Year Cash-out Refi 5.96% 3/28/24
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

6,179

Origination Dollar Volume (All Markets)

$2,072,655,000

Employee count

87

Awards

NexBank VA Loans silver NexBank VA Loans bronze NexBank VA Loans silver
Show all (3) 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) 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%
Nexbank's top markets include Dallas, Atlanta, Los Angeles, Austin, and San Diego among others.

Their top states include:
  • Texas (FHA|USDA|VA)
  • California (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • Washington (FHA|USDA|VA)
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 5,871 $1,976,645,000 $336,679 $4,859 3.25%
    VA 185 $63,615,000 $343,865 $5,792 3.09%
    FHA 123 $32,395,000 $263,374 $9,661 3.24%

    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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 2,899 $979,265,000 $337,794 $4,166 3.18%
    Cash Out Refi 1,624 $527,550,000 $324,846 $5,279 3.32%
    Home Purchase 1,577 $547,525,000 $347,194 $6,155 3.29%
    Other 79 $18,315,000 $231,835 $5,554 3.42%

    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

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 4,837 $1,685,655,000 $348,492 $5,244 3.32%
    15 Year 888 $230,930,000 $260,056 $4,011 2.89%
    20 Year 311 $86,495,000 $278,119 $4,066 3.14%
    Other 92 $44,380,000 $482,391 $4,249 3.21%
    10 Year 50 $10,440,000 $208,800 $4,065 2.78%
    5 Year 1 $14,755,000 $14,755,000 $0 4.50%

    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

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 2,154 $668,080,000 $310,158
    $<1k 1,739 $621,595,000 $357,444
    $5k+ 728 $329,050,000 $451,992
    $3k-4k 579 $154,645,000 $267,090
    $2k-3k 573 $151,545,000 $264,476
    $4k-5k 402 $118,210,000 $294,055

    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

    Loan Rate Originations Total Value Average Loan
    3-4% 3,729 $1,287,865,000 $345,365
    2.5-3% 2,037 $670,055,000 $328,942
    4-5% 209 $63,655,000 $304,569
    <2.5% 187 $47,755,000 $255,374
    5-6% 17 $3,325,000 $195,588

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 3,110 $905,040,000 $291,010 $4,902 3.21%
    $400k-600k 1,278 $612,110,000 $478,959 $5,287 3.20%
    $100k-200k 1,276 $197,320,000 $154,639 $4,190 3.32%
    $600k-1MM 377 $269,085,000 $713,753 $6,683 3.32%
    $100,000 or less 97 $8,185,000 $84,381 $4,011 3.56%
    $1MM+ 41 $80,915,000 $1,973,537 $13,444 3.52%

    2020 saw Nexbank place emphasis on $200k-400k loans with 3,110 originations, totaling $905,040,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 1,713 $566,745,000 $330,849 $5,002 3.25%
    $150k-250k 1,483 $595,105,000 $401,285 $5,198 3.23%
    $75k-100k 999 $277,865,000 $278,143 $4,622 3.25%
    $50k-75k 959 $214,495,000 $223,665 $4,610 3.26%
    $250k+ 580 $297,430,000 $512,810 $6,367 3.30%
    $50k or less 368 $65,900,000 $179,076 $3,984 3.20%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 1,566 $510,910,000 $326,252 $4,680 3.19%
    30-36% 1,171 $402,775,000 $343,958 $4,981 3.23%
    <20% 606 $196,840,000 $324,818 $4,509 3.16%
    44% 257 $81,565,000 $317,374 $5,509 3.38%
    40% 227 $84,855,000 $373,811 $5,141 3.26%
    43% 224 $65,360,000 $291,786 $4,976 3.33%
    41% 223 $73,905,000 $331,413 $4,962 3.31%
    38% 215 $74,005,000 $344,209 $5,272 3.31%
    37% 214 $77,280,000 $361,121 $5,160 3.25%
    42% 208 $66,550,000 $319,952 $5,272 3.35%
    39% 198 $66,110,000 $333,889 $5,348 3.31%
    36% 194 $62,690,000 $323,144 $4,996 3.28%
    49% 162 $53,260,000 $328,765 $5,397 3.28%
    45% 151 $48,505,000 $321,225 $5,033 3.30%
    47% 141 $44,275,000 $314,007 $5,424 3.34%
    46% 138 $40,680,000 $294,783 $4,793 3.29%
    48% 128 $39,810,000 $311,016 $5,267 3.24%
    50-60% 66 $20,690,000 $313,485 $8,516 3.18%
    >60% 14 $7,650,000 $546,429 $8,629 3.22%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 4,667 $1,502,315,000 $321,902 $4,994 3.25%
    Asian 763 $294,475,000 $385,944 $4,554 3.20%
    Not provided 466 $159,670,000 $342,639 $5,165 3.25%
    Black 234 $70,840,000 $302,735 $5,553 3.32%
    Not applicable 3 $29,285,000 $9,761,667 $0 3.96%
    American Indian 18 $6,350,000 $352,778 $7,031 3.26%
    Asian Indian 11 $4,925,000 $447,727 $6,741 3.39%
    Native Hawaiian or Islander 14 $4,130,000 $295,000 $5,295 3.29%
    Filipino 1 $415,000 $415,000 $2,415 3.00%
    Other Asian 1 $135,000 $135,000 $2,555 3.00%
    Other Pacific Islander 1 $115,000 $115,000 $6,797 4.75%

    Approval Rates

    Total approvals of all applications
    98.45%

    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 origination
    89.89%

    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

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 265 $69,095,000 $260,736 $3,823 3.05%
    40-60% 1,054 $337,410,000 $320,123 $4,322 3.10%
    60-80% 3,198 $1,111,600,000 $347,592 $4,996 3.30%
    80-100% 1,612 $536,730,000 $332,959 $5,464 3.26%
    Over 100% 30 $10,840,000 $361,333 $12,028 3.17%
    Under 20% 20 $6,980,000 $349,000 $3,742 3.13%

    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