Texar Mortgage Rates, Fees & Info
TEXARKANA, TXLEI: 549300U1HSN2YJRJ0U33
Tax ID: 75-0855143
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Mortgage Data
Review & Overview
Texar is a smaller mortgage company specializing in Home Purchase and Cash Out Refi loans. Texar has a high proportion of conventional loans. Their top markets by origination volume include: Texarkana, Dallas, Longview, Paris, and Little Rock among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)Texar 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
195Origination Dollar Volume (All Markets)
$21,755,000Top 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) | 143 | $14,955,000 | $104,580 | $0 | 0.00% |
| Outside of Metro Areas | 37 | $4,375,000 | $118,243 | $0 | 0.00% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 2 | $1,030,000 | $515,000 | $0 | 0.00% |
| LONGVIEW, TX (FHA|USDA|VA) | 4 | $530,000 | $132,500 | $0 | 0.00% |
| Paris, TX (FHA|USDA|VA) | 4 | $290,000 | $72,500 | $0 | 0.00% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 0.00% |
| SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
| MONROE, LA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
| Hope, AR (FHA|USDA|VA) | 2 | $120,000 | $60,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 195 | $21,755,000 | $111,564 | $0 | 0.00% |
For 2019, Texar's most frequently originated type of loan was Conventional, with 195 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 90 | $10,930,000 | $121,444 | $0 | 0.00% |
| Cash Out Refi | 69 | $7,095,000 | $102,826 | $0 | 0.00% |
| Refi | 36 | $3,730,000 | $103,611 | $0 | 0.00% |
For 2019, Texar's most frequently cited loan purpose was Home Purchase, with 90 originations. The 2nd most popular reason was Cash Out Refi, with 69 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 195 | $21,755,000 | $111,564 | $0 | 0.00% |
For 2019, Texar's most frequently cited loan duration was Other, with 195 originations.
Loan Sizing
2019 saw Texar place emphasis on $100,000 or less loans with 115 originations, totaling $6,915,000 in origination value.
Applicant Income
Texar lent most frequently to those with incomes in the $50k or less range, with 55 originations. The second most popular income band? $50k-75k, with 41 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 195 | $21,755,000 | $111,564 | $0 | 0.00% |
Texar lent most frequently to those with DTI ratios of Exempt%, with 195 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications91.95%
Texar has an average approval rate.
Pick Rate
Approvals leading to origination89.23%
Texar has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 195 | $21,755,000 | $111,564 |