Herring Bank Mortgage Rates, Fees & Info
Amarillo, TXLEI: 549300OUFGVRFN8PZB89
Tax ID: 75-0330569
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Mortgage Data
Review & Overview
Herring Bank is a smaller bank specializing in Home Purchase loans. Herring Bank has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Dallas, Amarillo, Hilo, Vernon, and Houston among others. We have data for 26 markets. (Some data included below & more in-depth data is available with an active subscription.)Herring Bank 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.
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Originations
198Origination Dollar Volume (All Markets)
$50,030,000Top 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) | 52 | $20,200,000 | $388,462 | $0 | 0.00% |
| AMARILLO, TX (FHA|USDA|VA) | 67 | $13,355,000 | $199,328 | $0 | 0.00% |
| Hilo, HI (FHA|USDA|VA) | 1 | $2,625,000 | $2,625,000 | $0 | 0.00% |
| Outside of Metro Areas | 21 | $2,175,000 | $103,571 | $0 | 0.00% |
| Vernon, TX (FHA|USDA|VA) | 12 | $1,440,000 | $120,000 | $0 | 0.00% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 1 | $1,285,000 | $1,285,000 | $0 | 0.00% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 2 | $1,190,000 | $595,000 | $0 | 0.00% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 3 | $1,065,000 | $355,000 | $0 | 0.00% |
| MIDLAND, TX (FHA|USDA|VA) | 2 | $860,000 | $430,000 | $0 | 0.00% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 2 | $740,000 | $370,000 | $0 | 0.00% |
| PUEBLO, CO (FHA|USDA|VA) | 1 | $595,000 | $595,000 | $0 | 0.00% |
| Borger, TX (FHA|USDA|VA) | 14 | $540,000 | $38,571 | $0 | 0.00% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $0 | 0.00% |
| Altus, OK (FHA|USDA|VA) | 4 | $410,000 | $102,500 | $0 | 0.00% |
| SANTA FE, NM (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $0 | 0.00% |
| LONGVIEW, TX (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $0 | 0.00% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $0 | 0.00% |
| Española, NM (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $0 | 0.00% |
| Sandpoint, ID (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 0.00% |
| BOISE CITY, ID (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 0.00% |
| Plainview, TX (FHA|USDA|VA) | 3 | $265,000 | $88,333 | $0 | 0.00% |
| LUBBOCK, TX (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $0 | 0.00% |
| GULFPORT-BILOXI, MS (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 0.00% |
| LANSING-EAST LANSING, MI (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
| WICHITA FALLS, TX (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 175 | $44,325,000 | $253,286 | $0 | 0.00% |
| FHA | 19 | $4,435,000 | $233,421 | $0 | 0.00% |
| VA | 4 | $1,270,000 | $317,500 | $0 | 0.00% |
For 2022, Herring Bank's most frequently originated type of loan was Conventional, with 175 originations. Their 2nd most popular type was FHA, with 19 originations.
Loan Reason
For 2022, Herring Bank's most frequently cited loan purpose was Home Purchase, with 141 originations. The 2nd most popular reason was Cash Out Refi, with 31 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 198 | $50,030,000 | $252,677 | $0 | 0.00% |
For 2022, Herring Bank's most frequently cited loan duration was Other, with 198 originations.
Loan Sizing
2022 saw Herring Bank place emphasis on $200k-400k loans with 71 originations, totaling $20,185,000 in origination value.
Applicant Income
Herring Bank lent most frequently to those with incomes in the $150k-250k range, with 36 originations. The second most popular income band? $50k-75k, with 34 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 198 | $50,030,000 | $252,677 | $0 | 0.00% |
Herring Bank lent most frequently to those with DTI ratios of Exempt%, with 198 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.78%
Herring Bank has an average approval rate.
Pick Rate
Approvals leading to origination80.81%
Herring Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 198 | $50,030,000 | $252,677 |