Jefferson Bank Mortgage Rates, Fees & Info

San Antonio, TX

LEI: 549300RXHLK3XT6SD946

Tax ID: 74-1034487

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

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, Dallas, Austin, Corpus Christi, and Fredericksburg among others. We have data for 14 markets. (Some data included below & more in-depth data is available with an active subscription.)

Jefferson 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. Jefferson Bank is typically an average 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	6.72%	4/28/24
30 Year Conventional Refi	6.67%	4/28/24
30 Year Cash-out Refi	6.73%	4/28/24
30 Year FHA Purchase	7.72%	4/28/24
30 Year FHA Refi	7.00%	4/28/24
30 Year VA Purchase	6.16%	4/28/24
30 Year USDA Purchase	6.96%	4/28/24
15 Year Conventional Purchase	6.37%	4/28/24
15 Year Conventional Refi	6.12%	4/28/24
15 Year Cash-out Refi	6.12%	4/28/24
15 Year VA Refi	6.47%	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.

Jefferson Bank Mortgage Calculator

Purchase Price:

Loan Amount:

Deposit Amount:

% Deposit:

Interest Rate:

Loan Type:

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

699

Origination Dollar Volume (All Markets)

$200,285,000

Employee count

349

Awards

Show all (1) awards

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)	639	$177,345,000	$277,535	$5,278	4.70%
Dallas-Fort Worth-Arlington, TX (FHA\|USDA\|VA)	9	$4,475,000	$497,222	$9,471	4.72%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA\|USDA\|VA)	15	$4,295,000	$286,333	$5,131	4.35%
CORPUS CHRISTI, TX (FHA\|USDA\|VA)	6	$3,470,000	$578,333	$4,370	4.71%
Fredericksburg, TX (FHA\|USDA\|VA)	5	$3,085,000	$617,000	$3,809	4.33%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA\|USDA\|VA)	1	$2,205,000	$2,205,000	$0	4.50%
Snyder, TX (FHA\|USDA\|VA)	10	$1,330,000	$133,000	$5,926	4.44%
Outside of Metro Areas	3	$995,000	$331,667	$7,503	4.83%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA\|USDA\|VA)	3	$935,000	$311,667	$6,733	4.58%
Kerrville, TX (FHA\|USDA\|VA)	3	$745,000	$248,333	$6,074	5.63%
Rockport, TX (FHA\|USDA\|VA)	1	$485,000	$485,000	$4,375	2.75%
COLLEGE STATION-BRYAN, TX (FHA\|USDA\|VA)	2	$470,000	$235,000	$4,536	4.56%
MIDLAND, TX (FHA\|USDA\|VA)	1	$305,000	$305,000	$0	5.38%
WACO, TX (FHA\|USDA\|VA)	1	$145,000	$145,000	$3,380	5.25%

Jefferson Bank's top markets include San Antonio, Dallas, Austin, Corpus Christi, and Fredericksburg among others.

Their top states include:

Texas (FHA|USDA|VA)

Nevada (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.

MEMBERS CHOICE Credit Union
Similarity Rank: 549

Resource One Credit Union
Similarity Rank: 582

SMART FINANCIAL CREDIT UNION
Similarity Rank: 707

TEXAS BAY
Similarity Rank: 888

AAXY L.L.C.
Similarity Rank: 928

AMERANT BANK, NATIONAL ASSOCIATION
Similarity Rank: 1060

SMART CHOICE MORTGAGE, A TEXAS LIMITED LIABILITY C
Similarity Rank: 1215

JSC
Similarity Rank: 1296

SOUTHERN LENDING SERVICES, LTD.
Similarity Rank: 1340

CAPITAL PLUS FINANCIAL, LLC
Similarity Rank: 1395

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	616	$180,420,000	$292,890	$5,011	4.78%
FHA	46	$7,680,000	$166,957	$7,266	4.20%
VA	37	$12,185,000	$329,324	$8,062	3.67%

For 2019, Jefferson Bank's most frequently originated type of loan was Conventional, with 616 originations. Their 2nd most popular type was FHA, with 46 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Home Purchase	490	$147,750,000	$301,531	$5,769	4.62%
Refi	113	$34,895,000	$308,805	$4,372	4.56%
Cash Out Refi	66	$14,070,000	$213,182	$4,490	5.00%
Other	17	$2,205,000	$129,706	$4,038	5.27%
Home Improvement	13	$1,365,000	$105,000	$3,303	5.95%

For 2019, Jefferson Bank's most frequently cited loan purpose was Home Purchase, with 490 originations. The 2nd most popular reason was Refi, with 113 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
30 Year	510	$154,570,000	$303,078	$5,752	4.58%
15 Year	90	$19,580,000	$217,556	$3,697	4.35%
20 Year	67	$13,775,000	$205,597	$4,480	5.70%
Other	15	$8,865,000	$591,000	$2,345	5.34%
10 Year	9	$1,955,000	$217,222	$2,991	5.00%
1 Year	6	$960,000	$160,000	$0	5.46%
5 Year	2	$580,000	$290,000	$0	5.32%

For 2019, Jefferson Bank's most frequently cited loan duration was 30 Year, with 510 originations. The 2nd most popular length was 15 Year, with 90 originations.

Origination Fees/Closing Costs

Origination Fee/Closing Cost	Originations	Total Value	Average Loan
$<1k	344	$89,750,000	$260,901
$1k-2k	99	$15,025,000	$151,768
$2k-3k	93	$20,685,000	$222,419
$3k-4k	50	$17,130,000	$342,600
$5k+	37	$25,815,000	$697,703
$4k-5k	36	$15,050,000	$418,056

Jefferson Bank's average total fees were $5,752, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 344 originations.

Interest Rates

Loan Rate	Originations	Total Value	Average Loan
4-5%	257	$81,045,000	$315,350
3-4%	190	$57,600,000	$303,158
5-6%	186	$47,140,000	$253,441
6-7%	44	$7,360,000	$167,273
2.5-3%	20	$6,950,000	$347,500
7-8%	2	$190,000	$95,000

During 2019, Jefferson Bank's average interest rate for loans was 4.58%, while their most frequently originated rate bucket for loans was 4-5%, with 257 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$200k-400k	259	$73,965,000	$285,579	$5,579	4.55%
$100k-200k	202	$29,720,000	$147,129	$4,455	4.74%
$400k-600k	100	$46,490,000	$464,900	$6,703	4.23%
$100,000 or less	93	$5,875,000	$63,172	$2,621	5.37%
$600k-1MM	28	$20,080,000	$717,143	$10,877	4.92%
$1MM+	17	$24,155,000	$1,420,882	$11,094	4.70%

2019 saw Jefferson Bank place emphasis on $200k-400k loans with 259 originations, totaling $73,965,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100k-150k	157	$41,515,000	$264,427	$5,068	4.74%
$150k-250k	111	$34,815,000	$313,649	$5,995	4.85%
$250k+	111	$58,555,000	$527,523	$6,997	4.53%
$50k-75k	107	$18,165,000	$169,766	$4,638	4.66%
$50k or less	76	$7,810,000	$102,763	$3,808	4.72%
$75k-100k	72	$15,850,000	$220,139	$5,048	4.55%

Jefferson Bank lent most frequently to those with incomes in the $100k-150k range, with 157 originations. The second most popular income band? $150k-250k, with 111 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
30-36%	124	$32,470,000	$261,855	$5,186	4.71%
20-30%	110	$35,240,000	$320,364	$5,153	4.36%
<20%	56	$21,640,000	$386,429	$5,519	4.50%
36%	32	$9,440,000	$295,000	$5,722	4.60%
50-60%	29	$6,905,000	$238,103	$5,860	5.39%
45%	27	$6,735,000	$249,444	$5,809	4.67%
44%	27	$7,125,000	$263,889	$5,814	4.71%
37%	26	$6,770,000	$260,385	$5,292	4.46%
43%	26	$5,990,000	$230,385	$5,922	4.44%
42%	23	$7,585,000	$329,783	$5,999	4.82%
41%	23	$5,345,000	$232,391	$5,171	4.57%
40%	22	$6,220,000	$282,727	$5,526	4.73%
46%	22	$6,070,000	$275,909	$5,332	4.55%
39%	21	$4,845,000	$230,714	$4,177	4.61%
38%	21	$4,615,000	$219,762	$4,675	4.65%
48%	20	$4,730,000	$236,500	$5,226	5.10%
49%	20	$4,190,000	$209,500	$4,223	4.63%
47%	18	$4,850,000	$269,444	$6,706	4.90%
>60%	7	$1,125,000	$160,714	$3,031	5.66%

Jefferson Bank lent most frequently to those with DTI ratios of 30-36%, with 124 originations. The next most common DTI ratio? 20-30%, with 110 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	571	$159,295,000	$278,975	$5,316	4.65%
Not applicable	40	$16,830,000	$420,750	$0	5.43%
Not provided	39	$11,885,000	$304,744	$5,011	4.54%
Asian	29	$7,495,000	$258,448	$5,645	4.71%
Black	14	$3,340,000	$238,571	$6,697	4.47%
American Indian	5	$1,065,000	$213,000	$5,293	4.68%
Asian Indian	1	$375,000	$375,000	$3,989	3.13%

Approval Rates

Total approvals of all applications
90.17%

Jefferson Bank has an average approval rate.

Pick Rate

Approvals leading to origination
80.54%

Jefferson Bank has a below average pick rate.

Points and Fees

Points	Originations	Total Value	Average Loan
NA	699	$200,285,000	$286,531

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
Multifamily:Site-Built	2	$1,010,000	$505,000
Single Family (1-4 Units):Site-Built	697	$199,275,000	$285,904

LTV Distribution

Loan to Value	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-40%	62	$8,400,000	$135,484	$3,024	5.04%
40-60%	85	$25,855,000	$304,176	$4,245	4.52%
60-80%	249	$82,825,000	$332,631	$5,577	4.74%
80-100%	280	$79,620,000	$284,357	$5,922	4.55%
Over 100%	6	$1,950,000	$325,000	$14,467	4.12%
Under 20%	17	$1,635,000	$96,176	$2,428	5.88%

Complaints

Bank Name	Product	Issue	2019 CPFB Complaints	% of Total Issues
Jefferson Title Corporation	Reverse mortgage	Trouble during payment process	1	100.0%

Bank Details

Branches

Bank Name	Branch	Branch Type	Deposits (000's)
Jefferson Bank	1111 Goliad Rd. San Antonio, TX 78223	Full Service B&M	$21,689
Jefferson Bank	14614 Blanco Road San Antonio, TX 78216	Full Service B&M	$69,045
Jefferson Bank	1551 North Walnut Ave., Suite 44 New Braunfels, TX 78130	Full Service B&M	$121,915
Jefferson Bank	1777 Ne Loop 410, Ste 100 San Antonio, TX 78217	Full Service B&M	$637,934
Jefferson Bank	19002 Stone Oak Parkway San Antonio, TX 78258	Full Service B&M	$190,813
Jefferson Bank	2900 Fredricksburg Road San Antonio, TX 78201	Full Service B&M	$176,558
Jefferson Bank	371 North Main Boerne, TX 78006	Full Service B&M	$72,238
Jefferson Bank	6015 Broadway San Antonio, TX 78209	Full Service B&M	$0
Jefferson Bank	6021 Broadway San Antonio, TX 78209	Full Service B&M	$227,053
Jefferson Bank	6310 N New Braunfels Avenue San Antonio, TX 78209	Full Service B&M	$0
Jefferson Bank	711 Navarro San Antonio, TX 78205	Full Service B&M	$81,426
Jefferson Bank	7666 Bandera Road San Antonio, TX 78238	Full Service B&M	$107,749
Jefferson Bank	8700 Post Oak Lane San Antonio, TX 78217	Limited, Mobile/Seasonal Office	$0

For 2019, Jefferson Bank had 13 branches.

Yearly Performance Overview

Bank Income

Item	Value (in 000's)
Total interest income	$79,588
Net interest income	$66,326
Total noninterest income	$20,386
Gross Fiduciary activities income	$5,346
Service charges on deposit accounts	$2,305
Trading account gains and fees	$0
Additional Noninterest Income	$12,735
Pre-tax net operating income	$24,191
Securities gains (or losses, -)	$153
Income before extraordinary items	$24,344
Discontinued Operations (Extraordinary gains, net)	$0
Net income of bank and minority interests	$24,344
Minority interest net income	$0
Net income	$24,344
Sale, conversion, retirement of capital stock, net	$0
Net operating income	$24,191

Jefferson Bank's gross interest income from loans was $79,588,000.
Jefferson Bank's net interest income from loans was $66,326,000.
Jefferson Bank's fee based income from loans was $2,305,000.
Jefferson Bank's net income from loans was $24,344,000.

Bank Expenses

Item	Value (in 000's)
Total interest expense	$13,262
Provision for credit losses	$1,525
Total noninterest expense	$60,996
Salaries and employee benefits	$40,625
Premises and equipment expense	$6,597
Additional noninterest expense	$13,774
Applicable income taxes	$0
Net charge-offs	$194
Cash dividends	$11,371

Jefferson Bank's interest expense for loans was $13,262,000.
Jefferson Bank's payroll and benefits expense were $40,625,000.
Jefferson Bank's property, plant and equipment expenses $6,597,000.

Loan Performance

Type of Loan	% of Loans Noncurrent (30+ days, end of period snapshot)
All loans	0.0%
Real Estate loans	0.0%
Construction & Land Development loans	0.0%
Nonfarm, nonresidential loans	0.0%
Multifamily residential loans	0.0%
1-4 family residential loans	0.0%
HELOC loans	0.0%
All other family	0.0%
Commercial & industrial loans	0.0%
Personal loans	0.0%
Credit card loans	0.0%
Other individual loans	0.0%
Auto loans	0.0%
Other consumer loans	1.0%
Unsecured commercial real estate loans	0.0%

Deposits

Type	Value (in 000's)
Total deposits	$1,740,035
Deposits held in domestic offices	$1,740,035
Deposits by Individuals, partnerships, and corporations	$1,715,809
Deposits by U.S. Government	$0
Deposits by States and political subdivisions in the U.S.	$24,183
Deposits by Commercial banks and other depository institutions in U.S.	$42
Deposits by Banks in foreign countries	$0
Deposits by Foreign governments and official institutions	$0
Transaction accounts	$182,826
Demand deposits	$151,953
Nontransaction accounts	$1,557,208
Money market deposit accounts (MMDAs)	$885,437
Other savings deposits (excluding MMDAs)	$285,734
Total time deposits	$386,039
Total time and savings deposits	$1,588,081
Noninterest-bearing deposits	$521,480
Interest-bearing deposits	$1,218,555
Retail deposits	$1,442,703
IRAs and Keogh plan accounts	$9,668
Brokered deposits	$0
Deposits held in foreign offices	$0

Assets

Asset	Value (in 000's)
Total Assets	$1,954,112
Cash & Balances due from depository institutions	$201,645
Interest-bearing balances	$181,426
Total securities	$299,849
Federal funds sold & reverse repurchase	$0
Net loans and leases	$1,364,413
Loan and leases loss allowance	$13,050
Trading account assets	$0
Bank premises and fixed assets	$26,604
Other real estate owned	$868
Goodwill and other intangibles	$2,499
All other assets	$58,234

Liabilities

Liabilities	Value (in 000's)
Total liabilities and capital	$1,954,112
Total Liabilities	$1,780,829
Total deposits	$1,740,035
Interest-bearing deposits	$1,218,555
Deposits held in domestic offices	$1,740,035
% insured (estimated)	$56
Federal funds purchased and repurchase agreements	$0
Trading liabilities	$0
Other borrowed funds	$20,000
Subordinated debt	$0
All other liabilities	$20,794

Issued Loan Types

Type	Value (in 000's)
Net loans and leases	$1,364,413
Loan and leases loss allowance	$13,050
Total loans and leases (domestic)	$1,377,463
All real estate loans	$1,202,048
Real estate loans in domestic offices	$1,202,048
Construction and development loans	$179,284
Residential 1-4 family construction	$55,899
Other construction, all land development and other land	$123,385
Loans secured by nonfarm nonresidential properties	$492,729
Nonfarm nonresidential secured by owner-occupied properties	$226,695
Commercial real estate & other non-farm, non-residential	$266,034
Multifamily residential real estate	$7,096
1-4 family residential loans	$495,551
Farmland loans	$27,388
Loans held in foreign offices	$0
Farm loans	$172
Commercial and industrial loans	$132,025
To non-U.S. addressees	$0
Loans to individuals	$27,036
Credit card loans	$0
Related Plans	$11,241
Consumer Auto Loans	$10,960
Other loans to individuals	$4,835
All other loans & leases	$16,182
Loans to foreign governments and official institutions	$0
Other loans	$6,064
Loans to depository institutions and acceptances of other banks	$0
Loans not secured by real estate	$12
Loans secured by real estate to non-U.S. addressees	$0
Restructured Loans & leases	$2,644
Non 1-4 family restructured loans & leases	$1,166
Total loans and leases (foreign)	$0

Jefferson Bank had $1,364,413,000 of loans outstanding in 2019. $1,202,048,000 of loans were in real estate loans. $179,284,000 of loans were in development loans. $7,096,000 of loans were in multifamily mortgage loans. $495,551,000 of loans were in 1-4 family mortgage loans. $172,000 of loans were in farm loans. $0 of loans were in credit card loans. $10,960,000 of loans were in the auto loan category.

Small Business Loans

Categorization	# of Loans in Category	$ amount of loans (in 000's)	Average $/loan
Nonfarm, nonresidential loans - <$1MM	328	$97,432	$297,049
Nonfarm, nonresidential loans - <$100k	21	$1,105	$52,619
Nonfarm, nonresidential loans - $100-250k	96	$12,291	$128,031
Nonfarm, nonresidential loans - $250k-1MM	211	$84,036	$398,275
Commercial & Industrial, US addressed loans - <$1MM	667	$60,095	$90,097
Commercial & Industrial, US addressed loans - <$100k	384	$11,463	$29,852
Commercial & Industrial, US addressed loans - $100-250k	149	$15,067	$101,121
Commercial & Industrial, US addressed loans - $250k-1MM	134	$33,565	$250,485
Farmland loans - <$1MM	10	$2,217	$221,700
Farmland loans - <$100k	1	$66	$66,000
Farmland loans - $100-250k	3	$306	$102,000
Farmland loans - $250k-1MM	6	$1,845	$307,500
Agriculture operations loans - <$1MM	2	$172	$86,000
Agriculture operations loans - <$100k	1	$74	$74,000
Agriculture operations loans - $100-250k	1	$98	$98,000