Texar Mortgage Rates, Fees & Info
TEXARKANA, TXLEI: 549300U1HSN2YJRJ0U33
Tax ID: 75-0855143
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Texar is a smaller mortgage company specializing in Home Purchase, Cash Out Refi, and Refi loans. Texar has a high proportion of conventional loans. Their top markets by origination volume include: Texarkana, Paris, Little Rock, and Hope 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.
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Originations
146Origination Dollar Volume (All Markets)
$14,290,000Top 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 |
|---|---|---|---|---|---|
| TEXARKANA, TX-AR (FHA|USDA|VA) | 105 | $10,075,000 | $95,952 | $0 | 0.00% |
| Outside of Metro Areas | 37 | $3,735,000 | $100,946 | $0 | 0.00% |
| Paris, TX (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $0 | 0.00% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
| Hope, AR (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 146 | $14,290,000 | $97,877 | $0 | 0.00% |
For 2018, Texar's most frequently originated type of loan was Conventional, with 146 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 76 | $7,480,000 | $98,421 | $0 | 0.00% |
| Cash Out Refi | 43 | $3,745,000 | $87,093 | $0 | 0.00% |
| Refi | 27 | $3,065,000 | $113,519 | $0 | 0.00% |
For 2018, Texar's most frequently cited loan purpose was Home Purchase, with 76 originations. The 2nd most popular reason was Cash Out Refi, with 43 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 146 | $14,290,000 | $97,877 | $0 | 0.00% |
For 2018, Texar's most frequently cited loan duration was Other, with 146 originations.
Loan Sizing
2018 saw Texar place emphasis on $100,000 or less loans with 90 originations, totaling $5,150,000 in origination value.
Applicant Income
Texar lent most frequently to those with incomes in the $50k-75k range, with 38 originations. The second most popular income band? $50k or less, with 37 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 146 | $14,290,000 | $97,877 | $0 | 0.00% |
Texar lent most frequently to those with DTI ratios of Exempt%, with 146 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications86.89%
Texar has an average approval rate.
Pick Rate
Approvals leading to origination91.10%
Texar has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 146 | $14,290,000 | $97,877 |