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 Cash Out Refi, Home Purchase, and Refi loans. Texar has a high proportion of conventional loans. Their top markets by origination volume include: Texarkana, Paris, Little Rock, Nacogdoches, and Hot Springs among others. We have data for 12 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 above average pick rate when compared to similar lenders.
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Originations
280Origination Dollar Volume (All Markets)
$36,160,000Top 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) | 202 | $25,310,000 | $125,297 | $0 | 0.00% |
| Outside of Metro Areas | 59 | $7,155,000 | $121,271 | $0 | 0.00% |
| Paris, TX (FHA|USDA|VA) | 6 | $1,000,000 | $166,667 | $0 | 0.00% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 2 | $790,000 | $395,000 | $0 | 0.00% |
| Nacogdoches, TX (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $0 | 0.00% |
| HOT SPRINGS, AR (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $0 | 0.00% |
| LONGVIEW, TX (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $0 | 0.00% |
| SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 0.00% |
| Hope, AR (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $0 | 0.00% |
| Mount Pleasant, TX (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 0.00% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 280 | $36,160,000 | $129,143 | $0 | 0.00% |
For 2021, Texar's most frequently originated type of loan was Conventional, with 280 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Cash Out Refi | 98 | $12,470,000 | $127,245 | $0 | 0.00% |
| Home Purchase | 91 | $12,155,000 | $133,571 | $0 | 0.00% |
| Refi | 91 | $11,535,000 | $126,758 | $0 | 0.00% |
For 2021, Texar's most frequently cited loan purpose was Cash Out Refi, with 98 originations. The 2nd most popular reason was Home Purchase, with 91 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 280 | $36,160,000 | $129,143 | $0 | 0.00% |
For 2021, Texar's most frequently cited loan duration was Other, with 280 originations.
Loan Sizing
2021 saw Texar place emphasis on $100k-200k loans with 124 originations, totaling $17,050,000 in origination value.
Applicant Income
Texar lent most frequently to those with incomes in the $100k-150k range, with 71 originations. The second most popular income band? $50k-75k, with 70 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 280 | $36,160,000 | $129,143 | $0 | 0.00% |
Texar lent most frequently to those with DTI ratios of Exempt%, with 280 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications85.12%
Texar has an average approval rate.
Pick Rate
Approvals leading to origination97.86%
Texar has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 280 | $36,160,000 | $129,143 |