First-lockhart National Bank Mortgage Rates, Fees & Info

Lockhart, TX

LEI: 549300RZIWJWJ035S336

Tax ID: 74-0750132

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

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • 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

    First-lockhart National Bank is a smaller bank specializing in Home Purchase and Refi loans. First-lockhart National Bank has a high proportion of conventional loans. Their top (well, only) market is Austin.

    First-lockhart National 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.

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    Originations

    32

    Origination Dollar Volume (All Markets)

    $8,200,000

    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) 26 $6,400,000 $246,154 $0 0.00%
    Outside of Metro Areas 6 $1,800,000 $300,000 $0 0.00%
    First-lockhart National Bank's top markets include and Austin among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 32 $8,200,000 $256,250 $0 0.00%

    For 2019, First-lockhart National Bank's most frequently originated type of loan was Conventional, with 32 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 19 $4,525,000 $238,158 $0 0.00%
    Refi 7 $2,885,000 $412,143 $0 0.00%
    Other 4 $590,000 $147,500 $0 0.00%
    Home Improvement 2 $200,000 $100,000 $0 0.00%

    For 2019, First-lockhart National Bank's most frequently cited loan purpose was Home Purchase, with 19 originations. The 2nd most popular reason was Refi, with 7 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 32 $8,200,000 $256,250 $0 0.00%

    For 2019, First-lockhart National Bank's most frequently cited loan duration was Other, with 32 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 11 $1,595,000 $145,000 $0 0.00%
    $200k-400k 9 $2,575,000 $286,111 $0 0.00%
    $100,000 or less 6 $500,000 $83,333 $0 0.00%
    $400k-600k 5 $2,505,000 $501,000 $0 0.00%
    $1MM+ 1 $1,025,000 $1,025,000 $0 0.00%

    2019 saw First-lockhart National Bank place emphasis on $100k-200k loans with 11 originations, totaling $1,595,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 6 $910,000 $151,667 $0 0.00%
    $250k+ 4 $1,520,000 $380,000 $0 0.00%
    $150k-250k 3 $805,000 $268,333 $0 0.00%
    $50k-75k 2 $440,000 $220,000 $0 0.00%
    $50k or less 2 $160,000 $80,000 $0 0.00%
    $75k-100k 2 $270,000 $135,000 $0 0.00%

    First-lockhart National Bank lent most frequently to those with incomes in the $100k-150k range, with 6 originations. The second most popular income band? $250k+, with 4 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 32 $8,200,000 $256,250 $0 0.00%

    First-lockhart National Bank lent most frequently to those with DTI ratios of Exempt%, with 32 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 13 $4,095,000 $315,000 $0 0.00%
    White 17 $3,505,000 $206,176 $0 0.00%
    Not provided 1 $455,000 $455,000 $0 0.00%
    Black 1 $145,000 $145,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    86.05%

    First-lockhart National Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    84.38%

    First-lockhart National Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 32 $8,200,000 $256,250

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 3 $1,785,000 $595,000
    Single Family (1-4 Units):Site-Built 29 $6,415,000 $221,207

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    FIRST NATIONAL BANK OF OMAHA Conventional home mortgage Closing on a mortgage 2 33.3%
    FIRST NATIONAL BANK OF OMAHA Conventional home mortgage Trouble during payment process 3 50.0%
    FIRST NATIONAL BANK OF OMAHA Conventional home mortgage Struggling to pay mortgage 1 16.7%