Texas Bank And Trust Company Mortgage Rates, Fees & Info

Longview, TX

LEI: 549300TETFK3GXOHZ594

Tax ID: 75-0962666

5 stars - Updated: 2/25/24 - out of 5 stars, based on 21 reviews

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

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Mortgage Data

Review & Overview

Texas Bank And Trust Company is a smaller bank specializing in Home Purchase loans. Texas Bank And Trust Company has a high proportion of conventional loans. Their top markets by origination volume include: Dallas, Longview, Tyler, Austin, and Athens among others. We have data for 27 markets. (Some data included below & more in-depth data is available with an active subscription.)

Texas Bank And Trust Company 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. Texas Bank And Trust Company 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 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 6.48% 2/25/24
30 Year Conventional Refi 6.80% 2/25/24
30 Year Cash-out Refi 6.81% 2/25/24
15 Year Conventional Purchase 5.73% 2/25/24
15 Year Conventional Refi 6.41% 2/25/24
15 Year Cash-out Refi 6.41% 2/25/24
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.

Texas Bank And Trust Company Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Texas Bank And Trust Company. 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

446

Origination Dollar Volume (All Markets)

$193,000,000

Relative Rate

Texas Bank And Trust Company's average 30 year fixed mortgage rate was 4.44%.

The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

This yields a difference of -0.32%.

Relative Fees (Closing Costs)

Texas Bank And Trust Company's average total fees/closing costs for a 30 year fixed rate mortgage were $4,077.

The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $4,750.

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
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 118 $74,510,000 $631,441 $5,728 4.62%
LONGVIEW, TX (FHA|USDA|VA) 129 $41,665,000 $322,984 $3,099 4.56%
TYLER, TX (FHA|USDA|VA) 103 $33,145,000 $321,796 $3,295 4.63%
Outside of Metro Areas 47 $15,725,000 $334,574 $2,942 4.61%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 5 $7,055,000 $1,411,000 $11,236 4.93%
Athens, TX (FHA|USDA|VA) 9 $4,305,000 $478,333 $4,403 4.93%
Breckenridge, CO (FHA|USDA|VA) 2 $3,000,000 $1,500,000 $0 4.00%
SHERMAN-DENISON, TX (FHA|USDA|VA) 10 $2,820,000 $282,000 $0 5.63%
Kalispell, MT (FHA|USDA|VA) 1 $2,325,000 $2,325,000 $0 4.50%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 3 $1,625,000 $541,667 $8,546 4.79%
Jacksonville, TX (FHA|USDA|VA) 3 $1,305,000 $435,000 $2,118 4.92%
Durango, CO (FHA|USDA|VA) 1 $1,255,000 $1,255,000 $0 5.00%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 1 $565,000 $565,000 $2,762 4.38%
Mount Pleasant, TX (FHA|USDA|VA) 1 $545,000 $545,000 $0 4.38%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $365,000 $365,000 $4,955 5.00%
WACO, TX (FHA|USDA|VA) 1 $365,000 $365,000 $0 5.25%
LUBBOCK, TX (FHA|USDA|VA) 1 $335,000 $335,000 $4,086 3.63%
Palestine, TX (FHA|USDA|VA) 1 $335,000 $335,000 $7,103 3.38%
Sulphur Springs, TX (FHA|USDA|VA) 1 $305,000 $305,000 $4,311 5.00%
Sebastian-Vero Beach, FL (FHA|USDA|VA) 1 $295,000 $295,000 $0 5.00%
SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) 1 $255,000 $255,000 $0 4.25%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $255,000 $255,000 $0 4.25%
Nacogdoches, TX (FHA|USDA|VA) 1 $185,000 $185,000 $3,381 3.38%
LANSING-EAST LANSING, MI (FHA|USDA|VA) 1 $155,000 $155,000 $3,067 4.50%
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 1 $125,000 $125,000 $0 4.25%
ST. LOUIS, MO-IL (FHA|USDA|VA) 1 $115,000 $115,000 $0 5.75%
CORPUS CHRISTI, TX (FHA|USDA|VA) 1 $65,000 $65,000 $2,091 3.13%
Texas Bank And Trust Company's top markets include Dallas, Longview, Tyler, Austin, and Athens among others.

Their top states include:
  • Texas (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • Montana (FHA|USDA|VA)
  • Oklahoma (FHA|USDA|VA)
  • Alabama (FHA|USDA|VA)
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 446 $193,000,000 $432,735 $3,744 4.63%

    For 2022, Texas Bank And Trust Company's most frequently originated type of loan was Conventional, with 446 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 310 $141,040,000 $454,968 $3,962 4.67%
    Refi 58 $33,940,000 $585,172 $5,423 4.61%
    Home Improvement 36 $5,770,000 $160,278 $1,781 4.34%
    Cash Out Refi 34 $9,420,000 $277,059 $3,619 4.36%
    Other 8 $2,830,000 $353,750 $4,284 5.48%

    For 2022, Texas Bank And Trust Company's most frequently cited loan purpose was Home Purchase, with 310 originations. The 2nd most popular reason was Refi, with 58 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 162 $67,220,000 $414,938 $4,077 4.44%
    15 Year 90 $24,010,000 $266,778 $3,078 4.38%
    10 Year 56 $28,300,000 $505,357 $4,063 4.74%
    20 Year 52 $12,910,000 $248,269 $2,564 5.26%
    Other 43 $37,135,000 $863,605 $1,091 4.68%
    5 Year 29 $19,365,000 $667,759 $1,850 5.02%
    1 Year 14 $4,060,000 $290,000 $5,504 4.66%

    For 2022, Texas Bank And Trust Company's most frequently cited loan duration was 30 Year, with 162 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 228 $71,820,000 $315,000
    $2k-3k 13 $8,635,000 $664,231
    $1k-2k 6 $1,910,000 $318,333
    $3k-4k 4 $3,810,000 $952,500
    $5k+ 4 $6,860,000 $1,715,000

    Texas Bank And Trust Company's average total fees were $4,077, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 228 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 168 $74,750,000 $444,940
    4-5% 124 $65,170,000 $525,565
    5-6% 86 $24,290,000 $282,442
    6-7% 39 $17,885,000 $458,590
    7-8% 16 $3,620,000 $226,250
    2.5-3% 13 $7,285,000 $560,385

    During 2022, Texas Bank And Trust Company's average interest rate for loans was 4.44%, while their most frequently originated rate bucket for loans was 3-4%, with 168 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 139 $39,295,000 $282,698 $3,597 4.55%
    $100k-200k 128 $18,780,000 $146,719 $2,756 4.77%
    $400k-600k 53 $26,355,000 $497,264 $3,693 4.53%
    $100,000 or less 48 $3,360,000 $70,000 $1,844 4.75%
    $600k-1MM 43 $32,115,000 $746,860 $6,030 4.61%
    $1MM+ 35 $73,095,000 $2,088,429 $9,501 4.42%

    2022 saw Texas Bank And Trust Company place emphasis on $200k-400k loans with 139 originations, totaling $39,295,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 85 $52,655,000 $619,471 $5,294 4.30%
    $100k-150k 60 $15,620,000 $260,333 $3,263 4.40%
    $150k-250k 53 $17,545,000 $331,038 $3,141 4.48%
    $50k-75k 40 $7,420,000 $185,500 $3,103 4.67%
    $75k-100k 33 $6,865,000 $208,030 $3,176 4.42%
    $50k or less 20 $3,230,000 $161,500 $2,399 4.73%

    Texas Bank And Trust Company lent most frequently to those with incomes in the $250k+ range, with 85 originations. The second most popular income band? $100k-150k, with 60 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 68 $26,170,000 $384,853 $3,724 4.10%
    30-36% 47 $15,875,000 $337,766 $3,462 4.18%
    <20% 28 $10,930,000 $390,357 $3,933 4.30%
    41% 16 $4,370,000 $273,125 $3,700 4.77%
    37% 15 $5,415,000 $361,000 $3,943 4.26%
    39% 15 $4,815,000 $321,000 $3,843 4.80%
    36% 14 $4,070,000 $290,714 $2,826 3.89%
    40% 11 $2,485,000 $225,909 $2,369 5.09%
    42% 10 $3,690,000 $369,000 $3,233 4.50%
    38% 9 $2,555,000 $283,889 $3,290 4.24%
    43% 8 $2,760,000 $345,000 $3,956 3.95%
    50-60% 4 $1,950,000 $487,500 $4,102 4.44%
    45% 3 $3,025,000 $1,008,333 $10,155 4.46%
    >60% 2 $2,750,000 $1,375,000 $11,041 4.38%
    44% 2 $970,000 $485,000 $6,182 4.19%
    49% 1 $345,000 $345,000 $2,704 4.88%
    47% 1 $485,000 $485,000 $2,296 4.00%
    46% 1 $375,000 $375,000 $7,087 4.38%

    Texas Bank And Trust Company lent most frequently to those with DTI ratios of 20-30%, with 68 originations. The next most common DTI ratio? 30-36%, with 47 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 151 $88,855,000 $588,444 $0 4.99%
    White 238 $81,560,000 $342,689 $3,621 4.37%
    Not provided 31 $11,045,000 $356,290 $3,915 4.84%
    Asian 9 $5,805,000 $645,000 $6,752 3.93%
    Black 10 $3,740,000 $374,000 $3,335 4.43%
    American Indian 2 $850,000 $425,000 $2,664 5.06%
    Vietnamese 1 $585,000 $585,000 $7,829 6.00%
    Other Asian 2 $270,000 $135,000 $3,206 6.00%
    Other Pacific Islander 1 $185,000 $185,000 $4,193 5.63%
    Japanese 1 $105,000 $105,000 $1,944 6.50%

    Approval Rates

    Total approvals of all applications
    86.32%

    Texas Bank And Trust Company has an average approval rate.

    Pick Rate

    Approvals leading to origination
    71.30%

    Texas Bank And Trust Company has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 446 $193,000,000 $432,735

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    446 $193,000,000 $432,735

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 33 $9,525,000 $288,636 $2,302 4.84%
    40-60% 64 $30,390,000 $474,844 $4,081 4.50%
    60-80% 174 $88,510,000 $508,678 $3,869 4.60%
    80-100% 148 $58,660,000 $396,351 $4,368 4.75%
    Over 100% 2 $3,140,000 $1,570,000 $0 5.38%
    Under 20% 25 $2,775,000 $111,000 $1,535 4.09%