Bandera Bank Mortgage Rates, Fees & Info

BANDERA, TX

LEI: 549300SP0WF5J8HGAC84

Tax ID: 74-2414594

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
  • 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

    Bandera Bank is a smaller bank specializing in Home Purchase and Cash Out Refi loans. Bandera Bank has a high proportion of conventional loans. Their top markets by origination volume include: San Antonio, Corpus Christi, Kerrville, Pearsall, and Houston among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Bandera 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. Bandera Bank is typically a low 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.

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    Originations

    37

    Origination Dollar Volume (All Markets)

    $5,035,000

    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
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 33 $4,495,000 $136,212 $2,077 5.90%
    CORPUS CHRISTI, TX (FHA|USDA|VA) 1 $255,000 $255,000 $0 6.50%
    Kerrville, TX (FHA|USDA|VA) 1 $115,000 $115,000 $2,736 5.51%
    Pearsall, TX (FHA|USDA|VA) 1 $115,000 $115,000 $2,449 5.28%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $55,000 $55,000 $1,739 5.38%
    Bandera Bank's top markets include San Antonio, Corpus Christi, Kerrville, Pearsall, and Houston among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 37 $5,035,000 $136,081 $2,098 5.88%

    For 2018, Bandera Bank's most frequently originated type of loan was Conventional, with 37 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 20 $2,810,000 $140,500 $2,318 5.87%
    Cash Out Refi 10 $1,510,000 $151,000 $2,111 5.90%
    Refi 4 $550,000 $137,500 $1,315 5.68%
    Other 2 $60,000 $30,000 $1,755 6.12%
    Home Improvement 1 $105,000 $105,000 $2,070 6.07%

    For 2018, Bandera Bank's most frequently cited loan purpose was Home Purchase, with 20 originations. The 2nd most popular reason was Cash Out Refi, with 10 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    20 Year 23 $3,555,000 $154,565 $2,185 5.86%
    15 Year 5 $425,000 $85,000 $1,999 6.11%
    10 Year 4 $310,000 $77,500 $1,518 5.35%
    30 Year 4 $590,000 $147,500 $2,324 6.00%
    1 Year 1 $155,000 $155,000 $0 6.75%

    For 2018, Bandera Bank's most frequently cited loan duration was 20 Year, with 23 originations. The 2nd most popular length was 15 Year, with 5 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 10 $1,360,000 $136,000

    Bandera Bank's average total fees were $2,324, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 10 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 25 $3,485,000 $139,400
    6-7% 12 $1,550,000 $129,167

    During 2018, Bandera Bank's average interest rate for loans was 6.00%, while their most frequently originated rate bucket for loans was 5-6%, with 25 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 15 $855,000 $57,000 $1,892 5.79%
    $100k-200k 14 $1,890,000 $135,000 $1,945 5.93%
    $200k-400k 7 $1,865,000 $266,429 $2,628 5.95%
    $400k-600k 1 $425,000 $425,000 $4,384 5.88%

    2018 saw Bandera Bank place emphasis on $100,000 or less loans with 15 originations, totaling $855,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 10 $690,000 $69,000 $1,846 5.81%
    $75k-100k 9 $1,295,000 $143,889 $2,183 5.76%
    $50k-75k 8 $730,000 $91,250 $2,089 5.88%
    $100k-150k 3 $705,000 $235,000 $2,093 6.06%
    $150k-250k 3 $875,000 $291,667 $3,050 5.79%
    $250k+ 1 $175,000 $175,000 $1,167 5.49%

    Bandera Bank lent most frequently to those with incomes in the $50k or less range, with 10 originations. The second most popular income band? $75k-100k, with 9 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    <20% 7 $575,000 $82,143 $2,042 5.64%
    20-30% 7 $825,000 $117,857 $1,881 5.94%
    30-36% 5 $775,000 $155,000 $2,338 5.87%
    41% 4 $940,000 $235,000 $2,440 5.91%
    43% 3 $345,000 $115,000 $2,194 5.82%
    40% 2 $370,000 $185,000 $1,222 5.75%
    39% 2 $310,000 $155,000 $2,607 5.97%
    38% 1 $95,000 $95,000 $2,013 5.85%
    50-60% 1 $125,000 $125,000 $1,958 5.66%
    >60% 1 $55,000 $55,000 $1,598 6.20%

    Bandera Bank lent most frequently to those with DTI ratios of <20%, with 7 originations. The next most common DTI ratio? 20-30%, with 7 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 34 $4,470,000 $131,471 $2,098 5.82%
    Not applicable 3 $565,000 $188,333 $0 6.50%

    Approval Rates

    Total approvals of all applications
    81.82%

    Bandera Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    78.38%

    Bandera Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 37 $5,035,000 $136,081

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 17 $1,925,000 $113,235
    Single Family (1-4 Units):Site-Built 20 $3,110,000 $155,500

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 2 $160,000 $80,000 $1,834 6.14%
    40-60% 11 $1,925,000 $175,000 $2,444 5.82%
    60-80% 15 $2,085,000 $139,000 $2,001 5.95%
    80-100% 7 $745,000 $106,429 $1,897 5.78%
    Under 20% 2 $120,000 $60,000 $2,144 5.70%