Jefferson Bank Mortgage Rates, Fees & Info

San Antonio, TX

LEI: 549300RXHLK3XT6SD946

Tax ID: 74-1034487

5 stars - Updated: 12/16/24 - out of 5 stars, based on 22 reviews

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

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  • 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

    Jefferson Bank is a smaller bank specializing in Home Purchase loans. Jefferson Bank has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: San Antonio, Austin, Corpus Christi, Nashville, and Houston among others. We have data for 15 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Jefferson Bank has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Jefferson 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.

    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 6.72% 12/16/24
    30 Year Conventional Refi 6.67% 12/16/24
    30 Year Cash-out Refi 6.73% 12/16/24
    30 Year FHA Purchase 7.72% 12/16/24
    30 Year FHA Refi 7.00% 12/16/24
    30 Year VA Purchase 6.16% 12/16/24
    30 Year USDA Purchase 6.96% 12/16/24
    15 Year Conventional Purchase 6.37% 12/16/24
    15 Year Conventional Refi 6.12% 12/16/24
    15 Year Cash-out Refi 6.12% 12/16/24
    15 Year VA Refi 6.47% 12/16/24
    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.

    Jefferson Bank Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from Jefferson 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

    481

    Origination Dollar Volume (All Markets)

    $222,665,000

    Awards

    Jefferson Bank FHA Loans gold
    Show all (1) awards

    Relative Rate

    Jefferson Bank's average 30 year fixed mortgage rate was 6.53%.

    The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

    This yields a difference of 0.05%.

    Relative Fees (Closing Costs)

    Jefferson Bank's average total fees/closing costs for a 30 year fixed rate mortgage were $8,467.

    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
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 427 $193,455,000 $453,056 $7,686 6.70%
    Outside of Metro Areas 9 $9,925,000 $1,102,778 $9,671 6.52%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 18 $7,000,000 $388,889 $7,242 6.71%
    CORPUS CHRISTI, TX (FHA|USDA|VA) 6 $4,010,000 $668,333 $8,350 6.17%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 1 $2,765,000 $2,765,000 $16,210 6.38%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 4 $1,500,000 $375,000 $8,006 5.94%
    Snyder, TX (FHA|USDA|VA) 5 $1,325,000 $265,000 $10,134 6.18%
    Kerrville, TX (FHA|USDA|VA) 2 $940,000 $470,000 $9,568 5.75%
    Rockport, TX (FHA|USDA|VA) 2 $700,000 $350,000 $6,713 6.81%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 2 $270,000 $135,000 $4,578 7.88%
    BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 1 $255,000 $255,000 $6,495 8.13%
    Stephenville, TX (FHA|USDA|VA) 1 $225,000 $225,000 $4,612 6.75%
    ODESSA, TX (FHA|USDA|VA) 1 $115,000 $115,000 $4,424 6.00%
    Fredericksburg, TX (FHA|USDA|VA) 1 $105,000 $105,000 $4,683 6.25%
    Pearsall, TX (FHA|USDA|VA) 1 $75,000 $75,000 $5,124 6.38%
    Jefferson Bank's top markets include San Antonio, Austin, Corpus Christi, Nashville, and Houston among others.

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

    • Similar Lenders

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

    HOMEAMERICAN MORTGAGE CORPORATION
    Similarity Rank: 220
    AMOCO
    Similarity Rank: 258
    FIRST CONTINENTAL MORTGAGE, LTD.
    Similarity Rank: 300
    GIBRALTAR MORTGAGE SERVICES, LLC
    Similarity Rank: 360
    SOUTHERN LENDING SERVICES, LTD.
    Similarity Rank: 432
    East West Bank
    Similarity Rank: 703
    COMMUNITY RESOURCE CREDIT UNION
    Similarity Rank: 714
    SCHLUMBERGER EMPLOYEES CREDIT UNION
    Similarity Rank: 770
    Generations Community Federal Credit Union
    Similarity Rank: 824
    PRIORITY HOME MORTGAGE, L.P.
    Similarity Rank: 966

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 457 $216,205,000 $473,096 $7,649 6.69%
    FHA 19 $4,325,000 $227,632 $9,651 6.55%
    VA 5 $2,135,000 $427,000 $6,766 5.86%

    For 2023, Jefferson Bank's most frequently originated type of loan was Conventional, with 457 originations. Their 2nd most popular type was FHA, with 19 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 322 $182,230,000 $565,932 $8,771 6.60%
    Other 53 $7,645,000 $144,245 $4,721 6.91%
    Cash Out Refi 42 $8,840,000 $210,476 $5,514 6.62%
    Refi 35 $19,185,000 $548,143 $8,060 7.00%
    Home Improvement 29 $4,765,000 $164,310 $5,345 6.86%

    For 2023, Jefferson Bank's most frequently cited loan purpose was Home Purchase, with 322 originations. The 2nd most popular reason was Other, with 53 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 359 $160,045,000 $445,808 $8,467 6.53%
    15 Year 56 $8,190,000 $146,250 $4,568 6.50%
    20 Year 49 $9,475,000 $193,367 $4,989 7.60%
    10 Year 10 $11,080,000 $1,108,000 $3,401 7.54%
    Other 4 $7,870,000 $1,967,500 $0 8.29%
    1 Year 1 $495,000 $495,000 $0 8.17%
    3 Year 1 $455,000 $455,000 $0 6.91%
    5 Year 1 $25,055,000 $25,055,000 $0 8.24%

    For 2023, Jefferson Bank's most frequently cited loan duration was 30 Year, with 359 originations. The 2nd most popular length was 15 Year, with 56 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 102 $14,350,000 $140,686
    $5k+ 100 $83,430,000 $834,300
    $2k-3k 85 $19,695,000 $231,706
    $<1k 65 $18,745,000 $288,385
    $3k-4k 58 $19,850,000 $342,241
    $4k-5k 37 $17,455,000 $471,757

    Jefferson Bank's average total fees were $8,467, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 102 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 173 $94,495,000 $546,214
    6-7% 153 $46,095,000 $301,275
    7-8% 110 $37,480,000 $340,727
    Over 8% 43 $44,205,000 $1,028,023
    4-5% 2 $390,000 $195,000

    During 2023, Jefferson Bank's average interest rate for loans was 6.53%, while their most frequently originated rate bucket for loans was 5-6%, with 173 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 143 $40,465,000 $282,972 $6,552 6.69%
    $100k-200k 113 $17,105,000 $151,372 $4,931 6.95%
    $400k-600k 78 $37,760,000 $484,103 $8,893 6.43%
    $600k-1MM 63 $47,585,000 $755,317 $12,289 6.55%
    $100,000 or less 54 $3,480,000 $64,444 $3,657 6.69%
    $1MM+ 30 $76,270,000 $2,542,333 $19,692 6.54%

    2023 saw Jefferson Bank place emphasis on $200k-400k loans with 143 originations, totaling $40,465,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 128 $88,200,000 $689,063 $11,110 6.63%
    $150k-250k 96 $35,920,000 $374,167 $7,616 6.57%
    $100k-150k 89 $26,525,000 $298,034 $6,487 6.62%
    $50k-75k 52 $9,370,000 $180,192 $5,644 6.46%
    $75k-100k 49 $9,585,000 $195,612 $5,825 6.73%
    $50k or less 25 $2,575,000 $103,000 $4,280 6.56%

    Jefferson Bank lent most frequently to those with incomes in the $250k+ range, with 128 originations. The second most popular income band? $150k-250k, with 96 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 88 $31,410,000 $356,932 $7,420 6.58%
    20-30% 77 $30,995,000 $402,532 $8,162 6.59%
    <20% 30 $22,160,000 $738,667 $10,543 6.27%
    49% 23 $6,665,000 $289,783 $6,268 6.66%
    40% 20 $7,150,000 $357,500 $7,224 6.42%
    48% 20 $6,810,000 $340,500 $7,361 6.76%
    39% 18 $4,040,000 $224,444 $5,943 6.81%
    41% 18 $6,780,000 $376,667 $7,074 6.49%
    38% 18 $7,650,000 $425,000 $9,003 6.48%
    37% 17 $6,985,000 $410,882 $8,158 6.35%
    36% 17 $5,945,000 $349,706 $7,478 6.72%
    46% 17 $6,415,000 $377,353 $7,935 6.83%
    43% 15 $4,935,000 $329,000 $7,386 6.58%
    50-60% 15 $6,355,000 $423,667 $7,717 6.80%
    45% 15 $5,825,000 $388,333 $7,533 6.78%
    42% 13 $3,015,000 $231,923 $6,920 6.67%
    47% 13 $6,085,000 $468,077 $7,713 6.87%
    44% 11 $4,085,000 $371,364 $7,561 6.17%
    >60% 2 $220,000 $110,000 $4,588 7.44%

    Jefferson Bank lent most frequently to those with DTI ratios of 30-36%, with 88 originations. The next most common DTI ratio? 20-30%, with 77 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 366 $141,370,000 $386,257 $7,663 6.60%
    Not applicable 34 $49,140,000 $1,445,294 $0 7.81%
    Asian 34 $17,230,000 $506,765 $9,068 6.49%
    Not provided 29 $8,025,000 $276,724 $6,890 6.62%
    Black 9 $3,995,000 $443,889 $8,713 6.23%
    American Indian 9 $2,905,000 $322,778 $6,851 6.83%

    Approval Rates

    Total approvals of all applications
    89.27%

    Jefferson Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    77.13%

    Jefferson Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 481 $222,665,000 $462,921

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    481 $222,665,000 $462,921

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 60 $10,740,000 $179,000 $4,762 6.82%
    40-60% 57 $52,195,000 $915,702 $7,985 6.58%
    60-80% 178 $91,890,000 $516,236 $8,683 6.72%
    80-100% 146 $62,170,000 $425,822 $8,778 6.58%
    Over 100% 2 $1,870,000 $935,000 $0 8.05%
    Under 20% 38 $3,800,000 $100,000 $3,863 6.70%