R Bank Mortgage Rates, Fees & Info

Round Rock, TX

LEI: 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, Killeen, San Antonio, and Corpus Christi among others. We have data for 15 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 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 6.59% 10/31/24
30 Year Conventional Refi 6.22% 10/31/24
30 Year Cash-out Refi 6.40% 10/31/24
30 Year VA Purchase 5.77% 10/31/24
15 Year Conventional Purchase 5.72% 10/31/24
15 Year Conventional Refi 5.68% 10/31/24
15 Year Cash-out Refi 5.68% 10/31/24
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

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

This is not an official calculator from R 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

249

Origination Dollar Volume (All Markets)

$141,005,000

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) 139 $91,375,000 $657,374 $11,062 4.56%
Outside of Metro Areas 52 $21,810,000 $419,423 $7,770 4.75%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 20 $14,340,000 $717,000 $25,506 5.01%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 13 $4,795,000 $368,846 $6,717 4.59%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 5 $1,695,000 $339,000 $20,749 5.70%
CORPUS CHRISTI, TX (FHA|USDA|VA) 3 $1,485,000 $495,000 $10,611 5.71%
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 4 $1,300,000 $325,000 $7,469 3.75%
Port Lavaca, TX (FHA|USDA|VA) 3 $905,000 $301,667 $9,362 3.92%
VICTORIA, TX (FHA|USDA|VA) 2 $900,000 $450,000 $12,004 6.31%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 3 $885,000 $295,000 $7,418 3.42%
Granbury, TX (FHA|USDA|VA) 1 $585,000 $585,000 $21,820 3.00%
Fredericksburg, TX (FHA|USDA|VA) 1 $295,000 $295,000 $0 6.75%
Bay City, TX (FHA|USDA|VA) 1 $285,000 $285,000 $12,664 4.63%
Rockport, TX (FHA|USDA|VA) 1 $285,000 $285,000 $8,138 4.50%
SAN ANGELO, TX (FHA|USDA|VA) 1 $65,000 $65,000 $0 8.00%
R Bank's top markets include Austin, Dallas, Killeen, San Antonio, and Corpus Christi among others.

Their top states include:
  • Texas (FHA|USDA|VA)
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 243 $139,115,000 $572,490 $10,491 4.66%
    VA 5 $1,725,000 $345,000 $6,355 4.68%
    HELOC 1 $165,000 $165,000 n/a 6.50%

    For 2022, R Bank's most frequently originated type of loan was Conventional, with 243 originations. Their 2nd most popular type was VA, with 5 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 203 $123,485,000 $608,300 $11,064 4.79%
    Cash Out Refi 34 $14,010,000 $412,059 $7,511 3.99%
    Refi 10 $2,690,000 $269,000 $5,990 4.23%
    Home Improvement 1 $655,000 $655,000 $15,672 5.75%
    Other 1 $165,000 $165,000 $0 6.50%

    For 2022, R Bank's most frequently cited loan purpose was Home Purchase, with 203 originations. The 2nd most popular reason was Cash Out Refi, with 34 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 181 $107,875,000 $595,994 $10,706 4.53%
    20 Year 25 $10,975,000 $439,000 $3,740 4.95%
    Other 20 $13,160,000 $658,000 $19,268 5.53%
    15 Year 17 $6,245,000 $367,353 $8,675 4.90%
    10 Year 3 $665,000 $221,667 $5,415 2.92%
    1 Year 3 $2,085,000 $695,000 $0 5.88%

    For 2022, R Bank's most frequently cited loan duration was 30 Year, with 181 originations. The 2nd most popular length was 20 Year, with 25 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 83 $31,415,000 $378,494
    $5k+ 83 $71,375,000 $859,940
    $3k-4k 9 $2,795,000 $310,556
    $4k-5k 9 $3,605,000 $400,556
    $2k-3k 8 $2,640,000 $330,000
    $<1k 2 $290,000 $145,000

    R Bank's average total fees were $10,706, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 83 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 84 $49,440,000 $588,571
    3-4% 61 $36,965,000 $605,984
    5-6% 59 $35,595,000 $603,305
    6-7% 25 $8,945,000 $357,800
    2.5-3% 14 $5,400,000 $385,714
    7-8% 3 $3,515,000 $1,171,667
    <2.5% 2 $450,000 $225,000

    During 2022, R Bank's average interest rate for loans was 4.53%, while their most frequently originated rate bucket for loans was 4-5%, with 84 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $400k-600k 73 $36,225,000 $496,233 $8,147 4.79%
    $200k-400k 61 $18,055,000 $295,984 $6,317 4.70%
    $600k-1MM 57 $41,555,000 $729,035 $13,261 4.43%
    $100k-200k 28 $4,330,000 $154,643 $4,453 4.74%
    $1MM+ 25 $40,495,000 $1,619,800 $26,935 4.58%
    $100,000 or less 5 $345,000 $69,000 $3,146 5.45%

    2022 saw R Bank place emphasis on $400k-600k loans with 73 originations, totaling $36,225,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 74 $37,440,000 $505,946 $9,352 4.47%
    $250k+ 63 $55,205,000 $876,270 $16,677 4.47%
    $100k-150k 51 $19,025,000 $373,039 $7,183 4.56%
    $75k-100k 10 $2,920,000 $292,000 $6,110 4.71%
    $50k-75k 6 $1,420,000 $236,667 $4,793 4.06%
    $50k or less 3 $265,000 $88,333 $3,497 4.96%

    R Bank lent most frequently to those with incomes in the $150k-250k range, with 74 originations. The second most popular income band? $250k+, with 63 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 41 $24,085,000 $587,439 $10,261 4.20%
    30-36% 34 $22,070,000 $649,118 $12,541 4.48%
    42% 16 $10,390,000 $649,375 $11,674 4.54%
    <20% 15 $6,435,000 $429,000 $7,265 4.09%
    44% 15 $8,145,000 $543,000 $10,741 4.90%
    41% 11 $6,665,000 $605,909 $11,729 4.83%
    37% 9 $4,995,000 $555,000 $9,534 4.43%
    47% 9 $3,575,000 $397,222 $7,260 4.22%
    43% 8 $3,500,000 $437,500 $6,351 5.11%
    38% 7 $3,485,000 $497,857 $7,636 4.57%
    40% 6 $2,340,000 $390,000 $7,675 4.83%
    48% 6 $2,910,000 $485,000 $8,586 4.13%
    39% 5 $5,125,000 $1,025,000 $17,384 4.30%
    36% 4 $2,150,000 $537,500 $10,240 4.38%
    45% 3 $3,745,000 $1,248,333 $20,468 3.96%
    49% 3 $1,585,000 $528,333 $6,418 4.79%
    >60% 1 $525,000 $525,000 $13,905 5.75%
    50-60% 1 $395,000 $395,000 $6,152 4.75%

    R Bank lent most frequently to those with DTI ratios of 20-30%, with 41 originations. The next most common DTI ratio? 30-36%, with 34 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 157 $82,835,000 $527,611 $9,854 4.52%
    Not provided 44 $29,980,000 $681,364 $12,149 4.45%
    Not applicable 42 $24,730,000 $588,810 $0 5.53%
    Black 3 $1,695,000 $565,000 $11,992 4.92%
    Asian 2 $1,150,000 $575,000 $11,230 4.56%
    American Indian 1 $615,000 $615,000 $6,178 3.00%

    Approval Rates

    Total approvals of all applications
    95.51%

    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 origination
    81.93%

    R Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 249 $141,005,000 $566,285

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    249 $141,005,000 $566,285

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 24 $7,960,000 $331,667 $6,243 4.48%
    40-60% 46 $20,070,000 $436,304 $7,984 4.49%
    60-80% 114 $76,530,000 $671,316 $12,955 4.59%
    80-100% 61 $35,695,000 $585,164 $10,493 5.06%
    Under 20% 4 $750,000 $187,500 $4,476 4.44%