Texar Mortgage Rates, Fees & Info

TEXARKANA, TX

LEI: 549300U1HSN2YJRJ0U33

Tax ID: 75-0855143

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

    Texar is a smaller mortgage company specializing in Cash Out Refi and Home Purchase loans. Texar has a high proportion of conventional loans. Their top markets by origination volume include: Texarkana, Mount Pleasant, Paris, and Sulphur Springs among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Texar has an average approval rate when compared to the average across all lenders. They have an average pick rate when compared to similar lenders.

    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

    56

    Origination Dollar Volume (All Markets)

    $6,440,000

    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
    TEXARKANA, TX-AR (FHA|USDA|VA) 43 $4,665,000 $108,488 $0 0.00%
    Outside of Metro Areas 10 $1,230,000 $123,000 $0 0.00%
    Mount Pleasant, TX (FHA|USDA|VA) 1 $305,000 $305,000 $0 0.00%
    Paris, TX (FHA|USDA|VA) 1 $165,000 $165,000 $0 0.00%
    Sulphur Springs, TX (FHA|USDA|VA) 1 $75,000 $75,000 $0 0.00%
    Texar's top markets include Texarkana, Mount Pleasant, Paris, and Sulphur Springs among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 56 $6,440,000 $115,000 $0 0.00%

    For 2023, Texar's most frequently originated type of loan was Conventional, with 56 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 27 $2,575,000 $95,370 $0 0.00%
    Home Purchase 24 $3,360,000 $140,000 $0 0.00%
    Refi 5 $505,000 $101,000 $0 0.00%

    For 2023, Texar's most frequently cited loan purpose was Cash Out Refi, with 27 originations. The 2nd most popular reason was Home Purchase, with 24 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 56 $6,440,000 $115,000 $0 0.00%

    For 2023, Texar's most frequently cited loan duration was Other, with 56 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 31 $2,065,000 $66,613 $0 0.00%
    $100k-200k 18 $2,360,000 $131,111 $0 0.00%
    $200k-400k 7 $2,015,000 $287,857 $0 0.00%

    2023 saw Texar place emphasis on $100,000 or less loans with 31 originations, totaling $2,065,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 12 $1,690,000 $140,833 $0 0.00%
    $50k-75k 12 $1,150,000 $95,833 $0 0.00%
    $50k or less 12 $910,000 $75,833 $0 0.00%
    $75k-100k 10 $1,030,000 $103,000 $0 0.00%
    $150k-250k 5 $1,045,000 $209,000 $0 0.00%
    $250k+ 1 $255,000 $255,000 $0 0.00%

    Texar lent most frequently to those with incomes in the $100k-150k range, with 12 originations. The second most popular income band? $50k-75k, with 12 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 56 $6,440,000 $115,000 $0 0.00%

    Texar lent most frequently to those with DTI ratios of Exempt%, with 56 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 44 $5,180,000 $117,727 $0 0.00%
    Not applicable 4 $450,000 $112,500 $0 0.00%
    Asian 2 $370,000 $185,000 $0 0.00%
    Black 2 $190,000 $95,000 $0 0.00%
    Not provided 2 $130,000 $65,000 $0 0.00%
    American Indian 2 $120,000 $60,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    84.29%

    Texar has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    94.64%

    Texar has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 56 $6,440,000 $115,000

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    56 $6,440,000 $115,000