The First National Bank Of Trenton Mortgage Rates, Fees & Info
Trenton, TXLEI: 549300TOX22KEAVGGB27
Tax ID: 75-0619485
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
The First National Bank Of Trenton is a smaller bank specializing in Refi, Home Purchase, and Cash Out Refi loans. The First National Bank Of Trenton has a high proportion of conventional loans. Their top markets by origination volume include: Dallas, Gainesville, and Bonham among others. We have data for 3 markets. (Some data included below & more in-depth data is available with an active subscription.)The First National Bank Of Trenton 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. The First National Bank Of Trenton 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.
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Originations
8Origination Dollar Volume (All Markets)
$5,000,000Top 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) | 5 | $3,885,000 | $777,000 | $14,233 | 5.88% |
| Gainesville, TX (FHA|USDA|VA) | 1 | $845,000 | $845,000 | $0 | 5.00% |
| Bonham, TX (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $3,481 | 5.44% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 8 | $5,000,000 | $625,000 | $8,857 | 5.66% |
For 2018, The First National Bank Of Trenton's most frequently originated type of loan was Conventional, with 8 originations.
Loan Reason
For 2018, The First National Bank Of Trenton's most frequently cited loan purpose was Refi, with 4 originations. The 2nd most popular reason was Home Purchase, with 3 originations.
Loan Duration/Length
For 2018, The First National Bank Of Trenton's most frequently cited loan duration was 10 Year, with 3 originations. The 2nd most popular length was 20 Year, with 2 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 2 | $210,000 | $105,000 |
| $1k-2k | 1 | $95,000 | $95,000 |
| $5k+ | 1 | $2,255,000 | $2,255,000 |
The First National Bank Of Trenton's average total fees were $1,939, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 2 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 5-6% | 4 | $3,090,000 | $772,500 |
| 4-5% | 3 | $1,875,000 | $625,000 |
| 7-8% | 1 | $35,000 | $35,000 |
During 2018, The First National Bank Of Trenton's average interest rate for loans was 5.00%, while their most frequently originated rate bucket for loans was 5-6%, with 4 originations.
Loan Sizing
2018 saw The First National Bank Of Trenton place emphasis on $100,000 or less loans with 2 originations, totaling $130,000 in origination value.
Applicant Income
The First National Bank Of Trenton lent most frequently to those with incomes in the $150k-250k range, with 1 originations. The second most popular income band? $250k+, with 1 originations.
Applicant Debt to Income Ratio
The First National Bank Of Trenton lent most frequently to those with DTI ratios of <20%, with 1 originations. The next most common DTI ratio? 20-30%, with 1 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications100.00%
The First National Bank Of Trenton has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination75.00%
The First National Bank Of Trenton has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 8 | $5,000,000 | $625,000 |