Veritex Community Bank Mortgage Rates, Fees & Info

Dallas, TX

LEI: 549300Q2EZNO3H86ED06

Tax ID: 76-0752296

3.2 stars - Updated: 4/5/25 - out of 5 stars, based on 15 reviews

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Veritex Community Bank is a smaller bank specializing in Home Purchase loans. Veritex Community Bank has a high proportion of conventional loans. Their top markets by origination volume include: Dallas, Houston, Athens, San Antonio, and Austin among others. We have data for 24 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Veritex Community 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. Veritex Community Bank is typically a high 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
    Home Equity Line of Credit (HELOC) 6.72% 4/5/25
    30 Year Conventional Purchase 6.67% 4/5/25
    30 Year Conventional Refi 6.67% 4/5/25
    30 Year Cash-out Refi 6.86% 4/5/25
    15 Year Conventional Refi 6.02% 4/5/25
    15 Year Cash-out Refi 6.02% 4/5/25
    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.

    Veritex Community Bank Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Veritex Community Bank. 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

    223

    Origination Dollar Volume (All Markets)

    $405,205,000

    Awards

    Veritex Community Bank 30 Year Conventional Loans gold Veritex Community Bank 30 Year Conventional Loans gold Veritex Community Bank 30 Year Conventional Loans gold
    Show all (3) awards

    Relative Rate

    Veritex Community Bank's average 30 year fixed mortgage rate was 6.18%.

    The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.

    This yields a difference of -0.37%.

    Relative Fees (Closing Costs)

    Veritex Community Bank's average total fees/closing costs for a 30 year fixed rate mortgage were $11,300.

    The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $8,356.

    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) 139 $251,475,000 $1,809,173 $14,873 6.76%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 35 $107,205,000 $3,063,000 $13,123 6.30%
    Outside of Metro Areas 13 $13,655,000 $1,050,385 $15,985 6.40%
    Athens, TX (FHA|USDA|VA) 5 $7,255,000 $1,451,000 $27,213 6.20%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 4 $5,280,000 $1,320,000 $20,647 6.28%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 5 $4,555,000 $911,000 $14,710 6.15%
    Mineral Wells, TX (FHA|USDA|VA) 1 $2,605,000 $2,605,000 $45,477 6.13%
    SALINAS, CA (FHA|USDA|VA) 1 $2,285,000 $2,285,000 $21,950 6.63%
    JACKSONVILLE, FL (FHA|USDA|VA) 1 $1,615,000 $1,615,000 $23,631 5.88%
    SHERMAN-DENISON, TX (FHA|USDA|VA) 3 $1,445,000 $481,667 $8,943 6.58%
    Montrose, CO (FHA|USDA|VA) 1 $1,285,000 $1,285,000 $14,438 5.88%
    LUBBOCK, TX (FHA|USDA|VA) 2 $1,120,000 $560,000 $10,998 6.06%
    FORT COLLINS, CO (FHA|USDA|VA) 1 $865,000 $865,000 $11,184 6.63%
    ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) 1 $805,000 $805,000 $20,337 6.13%
    Gainesville, TX (FHA|USDA|VA) 1 $505,000 $505,000 $12,780 6.25%
    PANAMA CITY, FL (FHA|USDA|VA) 1 $505,000 $505,000 $10,805 6.25%
    Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 1 $505,000 $505,000 $9,596 6.00%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 1 $485,000 $485,000 $7,364 6.25%
    Stephenville, TX (FHA|USDA|VA) 1 $375,000 $375,000 $8,129 5.88%
    Helena, MT (FHA|USDA|VA) 1 $355,000 $355,000 $7,110 6.25%
    MIDLAND, TX (FHA|USDA|VA) 1 $335,000 $335,000 $7,088 6.50%
    Bonham, TX (FHA|USDA|VA) 1 $255,000 $255,000 $7,008 6.25%
    Rockport, TX (FHA|USDA|VA) 1 $255,000 $255,000 $6,628 6.25%
    Sulphur Springs, TX (FHA|USDA|VA) 2 $180,000 $90,000 $3,259 6.00%
    Veritex Community Bank's top markets include Dallas, Houston, Athens, San Antonio, and Austin among others.

    Their top states include:
  • Texas (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • Oklahoma (FHA|USDA|VA)
  • California (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)

    • Similar Lenders

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

    DSLD MORTGAGE, LLC
    Similarity Rank: 105
    GSB MORTGAGE, INC.
    Similarity Rank: 133
    AMOCO
    Similarity Rank: 180
    SCHLUMBERGER EMPLOYEES CREDIT UNION
    Similarity Rank: 275
    SMART FINANCIAL CREDIT UNION
    Similarity Rank: 405
    DATCU
    Similarity Rank: 468
    PRIMEWAY
    Similarity Rank: 532
    HOMEWAY MORTGAGE LLC
    Similarity Rank: 586
    FC LENDING, LTD.
    Similarity Rank: 609
    COMMUNITY RESOURCE CREDIT UNION
    Similarity Rank: 675

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 220 $354,690,000 $1,612,227 $14,808 6.56%
    HELOC 3 $50,515,000 $16,838,333 n/a 8.12%

    For 2024, Veritex Community Bank's most frequently originated type of loan was Conventional, with 220 originations. Their 2nd most popular type was HELOC, with 3 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 154 $341,340,000 $2,216,494 $15,366 6.59%
    Refi 24 $36,480,000 $1,520,000 $18,453 6.33%
    Other 18 $9,470,000 $526,111 $10,631 6.42%
    Cash Out Refi 18 $12,490,000 $693,889 $9,902 6.56%
    Home Improvement 9 $5,425,000 $602,778 $17,081 7.46%

    For 2024, Veritex Community Bank's most frequently cited loan purpose was Home Purchase, with 154 originations. The 2nd most popular reason was Refi, with 24 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 132 $86,890,000 $658,258 $11,300 6.18%
    30+ year 42 $73,130,000 $1,741,190 $27,419 6.22%
    5 Year 18 $64,670,000 $3,592,778 $0 7.56%
    1 Year 13 $54,645,000 $4,203,462 $10,396 8.28%
    Other 12 $124,390,000 $10,365,833 $4,405 8.37%
    15 Year 4 $1,000,000 $250,000 $2,943 7.33%
    3 Year 1 $325,000 $325,000 $0 7.50%
    10 Year 1 $155,000 $155,000 $0 8.75%

    For 2024, Veritex Community Bank's most frequently cited loan duration was 30 Year, with 132 originations. The 2nd most popular length was 30+ year, with 42 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 98 $134,130,000 $1,368,673
    $1k-2k 24 $8,230,000 $342,917
    $4k-5k 23 $10,515,000 $457,174
    $3k-4k 20 $6,090,000 $304,500
    $<1k 8 $1,540,000 $192,500
    $2k-3k 8 $1,630,000 $203,750

    Veritex Community Bank's average total fees were $11,300, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 98 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 137 $177,715,000 $1,297,190
    5-6% 40 $40,030,000 $1,000,750
    Over 8% 23 $38,695,000 $1,682,391
    7-8% 19 $147,975,000 $7,788,158
    4-5% 4 $790,000 $197,500

    During 2024, Veritex Community Bank's average interest rate for loans was 6.18%, while their most frequently originated rate bucket for loans was 6-7%, with 137 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $1MM+ 72 $339,280,000 $4,712,222 $27,097 6.47%
    $200k-400k 51 $15,135,000 $296,765 $6,410 6.47%
    $400k-600k 40 $19,290,000 $482,250 $9,549 6.57%
    $600k-1MM 36 $28,530,000 $792,500 $14,074 6.59%
    $100k-200k 16 $2,400,000 $150,000 $4,291 7.07%
    $100,000 or less 8 $570,000 $71,250 $2,173 7.19%

    2024 saw Veritex Community Bank place emphasis on $1MM+ loans with 72 originations, totaling $339,280,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 120 $140,910,000 $1,174,250 $18,768 6.23%
    $150k-250k 23 $8,795,000 $382,391 $8,092 6.48%
    $100k-150k 16 $5,240,000 $327,500 $7,046 6.27%
    $50k-75k 10 $2,290,000 $229,000 $4,336 5.98%
    $75k-100k 6 $1,700,000 $283,333 $6,465 6.55%
    $50k or less 3 $495,000 $165,000 $483 4.95%

    Veritex Community Bank lent most frequently to those with incomes in the $250k+ range, with 120 originations. The second most popular income band? $150k-250k, with 23 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 38 $34,290,000 $902,368 $15,151 6.15%
    30-36% 36 $37,830,000 $1,050,833 $17,491 6.43%
    <20% 29 $27,335,000 $942,586 $15,805 6.23%
    42% 11 $9,995,000 $908,636 $14,165 6.00%
    38% 11 $6,815,000 $619,545 $10,891 6.18%
    40% 10 $8,940,000 $894,000 $15,338 6.07%
    41% 9 $9,585,000 $1,065,000 $16,056 6.24%
    39% 9 $11,845,000 $1,316,111 $19,917 6.28%
    36% 8 $5,810,000 $726,250 $10,405 6.36%
    37% 6 $3,100,000 $516,667 $10,504 6.27%
    44% 4 $1,410,000 $352,500 $8,658 6.42%
    47% 3 $895,000 $298,333 $6,860 6.46%
    43% 3 $3,325,000 $1,108,333 $16,505 6.21%
    46% 2 $550,000 $275,000 $3,457 5.29%
    49% 1 $205,000 $205,000 $4,632 6.50%
    50-60% 1 $105,000 $105,000 $4,405 6.88%
    >60% 1 $365,000 $365,000 $5,461 6.25%

    Veritex Community Bank lent most frequently to those with DTI ratios of 20-30%, with 38 originations. The next most common DTI ratio? 30-36%, with 36 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 39 $242,535,000 $6,218,846 $0 8.10%
    White 149 $134,815,000 $904,799 $14,916 6.24%
    Not provided 16 $10,540,000 $658,750 $13,710 6.35%
    Black 6 $5,760,000 $960,000 $15,970 6.06%
    Asian 7 $5,425,000 $775,000 $12,986 6.20%
    Asian Indian 3 $4,575,000 $1,525,000 $24,667 6.13%
    1 $1,165,000 $1,165,000 $17,799 6.88%
    Japanese 1 $285,000 $285,000 $0 5.05%
    American Indian 1 $105,000 $105,000 $1,020 9.88%

    Approval Rates

    Total approvals of all applications
    93.52%

    Veritex Community Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    82.96%

    Veritex Community Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 223 $405,205,000 $1,817,063

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    223 $405,205,000 $1,817,063

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 21 $35,975,000 $1,713,095 $10,634 6.38%
    40-60% 41 $226,605,000 $5,526,951 $13,609 6.69%
    60-80% 106 $97,160,000 $916,604 $16,616 6.55%
    80-100% 45 $43,375,000 $963,889 $14,860 6.42%
    Over 100% 1 $155,000 $155,000 $6,383 6.63%
    Under 20% 9 $1,935,000 $215,000 $5,136 7.69%