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 and Home Purchase loans. Texar has a high proportion of conventional loans. Their top markets by origination volume include: Texarkana, Lafayette, Dallas, Paris, and Magnolia among others. We have data for 10 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
129Origination Dollar Volume (All Markets)
$16,615,000Top 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) | 97 | $11,665,000 | $120,258 | $0 | 0.00% |
| Outside of Metro Areas | 22 | $3,170,000 | $144,091 | $0 | 0.00% |
| LAFAYETTE, LA (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $0 | 0.00% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $0 | 0.00% |
| Paris, TX (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $0 | 0.00% |
| Magnolia, AR (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 0.00% |
| Arkadelphia, AR (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 0.00% |
| SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) | 2 | $170,000 | $85,000 | $0 | 0.00% |
| Bonham, TX (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
| Mount Pleasant, TX (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 129 | $16,615,000 | $128,798 | $0 | 0.00% |
For 2022, Texar's most frequently originated type of loan was Conventional, with 129 originations.
Loan Reason
For 2022, Texar's most frequently cited loan purpose was Cash Out Refi, with 53 originations. The 2nd most popular reason was Home Purchase, with 51 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 129 | $16,615,000 | $128,798 | $0 | 0.00% |
For 2022, Texar's most frequently cited loan duration was Other, with 129 originations.
Loan Sizing
2022 saw Texar place emphasis on $100,000 or less loans with 59 originations, totaling $3,955,000 in origination value.
Applicant Income
Texar lent most frequently to those with incomes in the $50k-75k range, with 30 originations. The second most popular income band? $75k-100k, with 26 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 129 | $16,615,000 | $128,798 | $0 | 0.00% |
Texar lent most frequently to those with DTI ratios of Exempt%, with 129 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications77.46%
Texar has a below average approval rate.
Pick Rate
Approvals leading to origination96.90%
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 | 129 | $16,615,000 | $128,798 |