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, 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.59% | 4/28/24 |
| 30 Year Conventional Refi | 6.22% | 4/28/24 |
| 30 Year Cash-out Refi | 6.40% | 4/28/24 |
| 30 Year VA Purchase | 5.77% | 4/28/24 |
| 15 Year Conventional Purchase | 5.72% | 4/28/24 |
| 15 Year Conventional Refi | 5.68% | 4/28/24 |
| 15 Year Cash-out Refi | 5.68% | 4/28/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
249Origination Dollar Volume (All Markets)
$141,005,000Top 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 |
|---|---|---|---|---|---|
| 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% |
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 | 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
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
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
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
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
2022 saw R Bank place emphasis on $400k-600k loans with 73 originations, totaling $36,225,000 in origination value.
Applicant Income
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
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
Approval Rates
Total approvals of all applications95.51%
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 origination81.93%
R Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 249 | $141,005,000 | $566,285 |