R Bank Mortgage Rates, Fees & Info
Round Rock, TXLEI: 549300RLNUFWOJLX7W13
Tax ID: 26-4536354
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Mortgage Data
Review & Overview
R Bank is a smaller bank specializing in Home Purchase loans. R Bank has a high proportion of conventional loans. Their top markets by origination volume include: Austin, Dallas, San Antonio, Killeen, and Corpus Christi among others. We have data for 12 markets. (Some data included below & more in-depth data is available with an active subscription.)R 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. R 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 relatively high 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 | 6.59% | 11/17/24 |
| 30 Year Conventional Refi | 6.22% | 11/17/24 |
| 30 Year Cash-out Refi | 6.40% | 11/17/24 |
| 30 Year VA Purchase | 5.77% | 11/17/24 |
| 15 Year Conventional Purchase | 5.72% | 11/17/24 |
| 15 Year Conventional Refi | 5.68% | 11/17/24 |
| 15 Year Cash-out Refi | 5.68% | 11/17/24 |
| 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. | ||
R Bank Mortgage Calculator
Your Estimates
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This is not an official calculator from R Bank. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
126Origination Dollar Volume (All Markets)
$78,770,000Awards
R Bank - 2023
R Bank is a 2023 , due to their low .
For 2023, less than of lenders were eligible for this award.
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Relative Rate
R Bank's average 30 year fixed mortgage rate was
6.28%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of -0.2%.
Relative Fees (Closing Costs)
R Bank's average total fees/closing costs for a 30 year fixed rate
mortgage were $14,530.
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 $9,089.
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 |
|---|---|---|---|---|---|
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 54 | $36,570,000 | $677,222 | $13,106 | 6.37% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 21 | $18,725,000 | $891,667 | $25,083 | 6.74% |
| Outside of Metro Areas | 26 | $12,110,000 | $465,769 | $10,123 | 6.55% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 7 | $4,755,000 | $679,286 | $18,956 | 6.63% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 9 | $2,525,000 | $280,556 | $7,838 | 7.89% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 3 | $2,395,000 | $798,333 | $15,506 | 6.96% |
| Mineral Wells, TX (FHA|USDA|VA) | 1 | $765,000 | $765,000 | $15,320 | 6.75% |
| WACO, TX (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 8.75% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $8,228 | 5.75% |
| MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 9.50% |
| Bay City, TX (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 8.00% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $4,897 | 7.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against R Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 125 | $78,185,000 | $625,480 | $13,909 | 6.66% |
| VA | 1 | $585,000 | $585,000 | $12,213 | 6.50% |
For 2023, R Bank's most frequently originated type of loan was Conventional, with 125 originations. Their 2nd most popular type was VA, with 1 originations.
Loan Reason
For 2023, R Bank's most frequently cited loan purpose was Home Purchase, with 107 originations. The 2nd most popular reason was Cash Out Refi, with 10 originations.
Loan Duration/Length
For 2023, R Bank's most frequently cited loan duration was 30 Year, with 77 originations. The 2nd most popular length was 20 Year, with 28 originations.
Origination Fees/Closing Costs
R Bank's average total fees were $14,530, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 44 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 5-6% | 42 | $38,520,000 | $917,143 |
| 6-7% | 36 | $22,190,000 | $616,389 |
| Over 8% | 21 | $5,165,000 | $245,952 |
| 7-8% | 17 | $6,905,000 | $406,176 |
| 4-5% | 10 | $5,990,000 | $599,000 |
During 2023, R Bank's average interest rate for loans was 6.28%, while their most frequently originated rate bucket for loans was 5-6%, with 42 originations.
Loan Sizing
2023 saw R Bank place emphasis on $200k-400k loans with 38 originations, totaling $10,730,000 in origination value.
Applicant Income
R Bank lent most frequently to those with incomes in the $250k+ range, with 42 originations. The second most popular income band? $150k-250k, with 24 originations.
Applicant Debt to Income Ratio
R Bank lent most frequently to those with DTI ratios of 30-36%, with 17 originations. The next most common DTI ratio? 20-30%, with 13 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.06%
R Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination77.78%
R Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 126 | $78,770,000 | $625,159 |