Bank Of Desoto Mortgage Rates, Fees & Info
DeSoto, TXLEI: 549300SS41NEZDLCGD86
Tax ID: 75-2038846
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Bank Of Desoto is a smaller bank specializing in Home Purchase loans. Bank Of Desoto has a high proportion of conventional loans. Their top two markets are Dallas and Ruidoso .Bank Of Desoto has an average approval rate when compared to the average across all lenders. They have an average pick rate when compared to similar lenders.
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Originations
41Origination Dollar Volume (All Markets)
$13,295,000Top 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 |
|---|---|---|---|---|---|
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 38 | $11,620,000 | $305,789 | $0 | 0.00% |
| Outside of Metro Areas | 2 | $1,510,000 | $755,000 | $0 | 0.00% |
| Ruidoso, NM (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 41 | $13,295,000 | $324,268 | $0 | 0.00% |
For 2024, Bank Of Desoto's most frequently originated type of loan was Conventional, with 41 originations.
Loan Reason
For 2024, Bank Of Desoto's most frequently cited loan purpose was Home Purchase, with 34 originations. The 2nd most popular reason was Other, with 2 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 41 | $13,295,000 | $324,268 | $0 | 0.00% |
For 2024, Bank Of Desoto's most frequently cited loan duration was Other, with 41 originations.
Loan Sizing
2024 saw Bank Of Desoto place emphasis on $200k-400k loans with 22 originations, totaling $5,890,000 in origination value.
Applicant Income
Bank Of Desoto lent most frequently to those with incomes in the $100k-150k range, with 14 originations. The second most popular income band? $150k-250k, with 14 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 41 | $13,295,000 | $324,268 | $0 | 0.00% |
Bank Of Desoto lent most frequently to those with DTI ratios of Exempt%, with 41 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications84.62%
Bank Of Desoto has a below average approval rate.
Pick Rate
Approvals leading to origination92.68%
Bank Of Desoto has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 41 | $13,295,000 | $324,268 |