Texas Community Bank Mortgage Rates, Fees & Info

Laredo, TX

LEI: 549300V1GCCNY7J42I93

Tax ID: 74-2231534

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Mortgage Data

Review & Overview

Texas Community Bank is a smaller bank specializing in Home Purchase loans. Texas Community Bank has a high proportion of conventional loans. Their top markets by origination volume include: Laredo, San Antonio, Mcallen, Del Rio, and Brownsville among others. We have data for 15 markets. (Some data included below & more in-depth data is available with an active subscription.)

Texas Community Bank has an average approval rate when compared to the average across all lenders. They have a below 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

139

Origination Dollar Volume (All Markets)

$46,975,000

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
LAREDO, TX (FHA|USDA|VA) 50 $14,850,000 $297,000 $0 0.00%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 26 $9,920,000 $381,538 $0 0.00%
MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 13 $9,455,000 $727,308 $0 0.00%
Del Rio, TX (FHA|USDA|VA) 21 $4,005,000 $190,714 $0 0.00%
BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 10 $2,970,000 $297,000 $0 0.00%
Outside of Metro Areas 3 $2,015,000 $671,667 $0 0.00%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 4 $1,260,000 $315,000 $0 0.00%
Eagle Pass, TX (FHA|USDA|VA) 3 $655,000 $218,333 $0 0.00%
Kerrville, TX (FHA|USDA|VA) 1 $485,000 $485,000 $0 0.00%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 1 $475,000 $475,000 $0 0.00%
Zapata, TX (FHA|USDA|VA) 2 $240,000 $120,000 $0 0.00%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $235,000 $235,000 $0 0.00%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $175,000 $175,000 $0 0.00%
EL PASO, TX (FHA|USDA|VA) 2 $130,000 $65,000 $0 0.00%
Uvalde, TX (FHA|USDA|VA) 1 $105,000 $105,000 $0 0.00%
Texas Community Bank's top markets include Laredo, San Antonio, Mcallen, Del Rio, and Brownsville among others.

Their top states include:
  • Texas (FHA|USDA|VA)
  • New Jersey (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 139 $46,975,000 $337,950 $0 0.00%

    For 2022, Texas Community Bank's most frequently originated type of loan was Conventional, with 139 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 101 $40,355,000 $399,554 $0 0.00%
    Home Improvement 13 $2,255,000 $173,462 $0 0.00%
    Refi 13 $1,955,000 $150,385 $0 0.00%
    Cash Out Refi 8 $1,630,000 $203,750 $0 0.00%
    Other 4 $780,000 $195,000 $0 0.00%

    For 2022, Texas Community Bank's most frequently cited loan purpose was Home Purchase, with 101 originations. The 2nd most popular reason was Home Improvement, with 13 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 139 $46,975,000 $337,950 $0 0.00%

    For 2022, Texas Community Bank's most frequently cited loan duration was Other, with 139 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 48 $6,970,000 $145,208 $0 0.00%
    $200k-400k 33 $8,995,000 $272,576 $0 0.00%
    $100,000 or less 23 $1,485,000 $64,565 $0 0.00%
    $400k-600k 18 $8,400,000 $466,667 $0 0.00%
    $600k-1MM 9 $6,645,000 $738,333 $0 0.00%
    $1MM+ 8 $14,480,000 $1,810,000 $0 0.00%

    2022 saw Texas Community Bank place emphasis on $100k-200k loans with 48 originations, totaling $6,970,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 17 $7,795,000 $458,529 $0 0.00%
    $100k-150k 16 $3,020,000 $188,750 $0 0.00%
    $150k-250k 13 $3,265,000 $251,154 $0 0.00%
    $75k-100k 12 $1,680,000 $140,000 $0 0.00%
    $50k or less 10 $1,350,000 $135,000 $0 0.00%
    $50k-75k 9 $1,125,000 $125,000 $0 0.00%

    Texas Community Bank lent most frequently to those with incomes in the $250k+ range, with 17 originations. The second most popular income band? $100k-150k, with 16 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 139 $46,975,000 $337,950 $0 0.00%

    Texas Community Bank lent most frequently to those with DTI ratios of Exempt%, with 139 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 50 $24,940,000 $498,800 $0 0.00%
    White 85 $20,785,000 $244,529 $0 0.00%
    Asian 2 $610,000 $305,000 $0 0.00%
    Not provided 1 $475,000 $475,000 $0 0.00%
    Black 1 $165,000 $165,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    86.77%

    Texas Community Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    84.17%

    Texas Community Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 139 $46,975,000 $337,950

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    139 $46,975,000 $337,950