Nexbank Mortgage Rates, Fees & Info
Dallas, TXLEI: 549300NWBS6MQJX15N44
Tax ID: 75-0600540
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Review & 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 by origination volume include: Dallas, Houston, Atlanta, Los Angeles, and Austin among others. We have data for 184 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.36% | 4/22/24 |
| 30 Year Conventional Refi | 6.28% | 4/22/24 |
| 30 Year Cash-out Refi | 6.39% | 4/22/24 |
| 30 Year FHA Purchase | 6.81% | 4/22/24 |
| 30 Year FHA Refi | 6.27% | 4/22/24 |
| 30 Year VA Purchase | 5.85% | 4/22/24 |
| 30 Year VA Refi | 6.27% | 4/22/24 |
| 15 Year Conventional Purchase | 5.98% | 4/22/24 |
| 15 Year Conventional Refi | 5.96% | 4/22/24 |
| 15 Year Cash-out Refi | 5.96% | 4/22/24 |
| 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
5,608Origination Dollar Volume (All Markets)
$2,308,680,000Employee count
90Awards
NexBank - 2021
NexBank is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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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) | 1,084 | $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% |
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Product Mix
For 2021, Nexbank's most frequently originated type of loan was Conventional, with 5,516 originations. Their 2nd most popular type was VA, with 59 originations.
Loan Reason
For 2021, Nexbank's most frequently cited loan purpose was Refi, with 2,253 originations. The 2nd most popular reason was Home Purchase, with 1,846 originations.
Loan Duration/Length
For 2021, Nexbank's most frequently cited loan duration was 30 Year, with 4,322 originations. The 2nd most popular length was 15 Year, with 887 originations.
Origination Fees/Closing Costs
Nexbank's average total fees were $5,139, while their most frequently occuring range of origination fees (closing costs) 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 for loans was 3.00%, while their most frequently originated rate bucket for loans was 2.5-3%, with 2,977 originations.
Loan Sizing
2021 saw Nexbank place emphasis on $200k-400k loans with 2,639 originations, totaling $767,475,000 in origination value.
Applicant Income
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
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
Approval Rates
Total approvals of all applications98.54%
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 origination94.83%
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
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 |