Bank Of Desoto Mortgage Rates, Fees & Info
DeSoto, TXLEI: 549300SS41NEZDLCGD86
Tax ID: 75-2038846
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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 Longview .Bank Of Desoto 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.
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Originations
48Origination Dollar Volume (All Markets)
$7,770,000Top 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) | 47 | $7,675,000 | $163,298 | $0 | 0.00% |
| LONGVIEW, TX (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 48 | $7,770,000 | $161,875 | $0 | 0.00% |
For 2019, Bank Of Desoto's most frequently originated type of loan was Conventional, with 48 originations.
Loan Reason
For 2019, Bank Of Desoto's most frequently cited loan purpose was Home Purchase, with 36 originations. The 2nd most popular reason was Refi, with 6 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 48 | $7,770,000 | $161,875 | $0 | 0.00% |
For 2019, Bank Of Desoto's most frequently cited loan duration was Other, with 48 originations.
Loan Sizing
2019 saw Bank Of Desoto place emphasis on $100k-200k loans with 22 originations, totaling $3,110,000 in origination value.
Applicant Income
Bank Of Desoto lent most frequently to those with incomes in the $50k-75k range, with 15 originations. The second most popular income band? $100k-150k, with 7 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 48 | $7,770,000 | $161,875 | $0 | 0.00% |
Bank Of Desoto lent most frequently to those with DTI ratios of Exempt%, with 48 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications92.19%
Bank Of Desoto has an average approval rate.
Pick Rate
Approvals leading to origination81.25%
Bank Of Desoto has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 48 | $7,770,000 | $161,875 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 2 | $210,000 | $105,000 |
| Single Family (1-4 Units):Site-Built | 46 | $7,560,000 | $164,348 |
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| BANK OF THE WEST | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 7.1% |
| BANK OF THE WEST | Other type of mortgage | Trouble during payment process | 1 | 7.1% |
| BANK OF THE WEST | Other type of mortgage | Closing on a mortgage | 1 | 7.1% |
| BANK OF THE WEST | Other type of mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 7.1% |
| BANK OF THE WEST | Home equity loan or line of credit (HELOC) | Trouble during payment process | 2 | 14.3% |
| BANK OF THE WEST | Home equity loan or line of credit (HELOC) | Applying for a mortgage or refinancing an existing mortgage | 1 | 7.1% |
| BANK OF THE WEST | Conventional home mortgage | Trouble during payment process | 6 | 42.9% |
| BANK OF THE WEST | Conventional home mortgage | Struggling to pay mortgage | 1 | 7.1% |