Communitybank Of Texas N.a. Mortgage Rates, Fees & Info

Beaumont, TX

LEI: 549300Y5YUNNHUW2EQ06

Tax ID: 74-1946814

3.4 stars - Updated: 4/14/24 - out of 5 stars, based on 21 reviews

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

Review & Overview

Communitybank Of Texas N.a. is a smaller bank specializing in Home Purchase loans. Communitybank Of Texas N.a. has a high proportion of conventional loans. Their top markets by origination volume include: Houston, Beaumont, Dallas, Huntsville, and Austin among others. We have data for 22 markets. (Some data included below & more in-depth data is available with an active subscription.)

Communitybank Of Texas N.a. 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. Communitybank Of Texas N.a. is typically a high fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have relatively high rates.

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

441

Origination Dollar Volume (All Markets)

$329,795,000

Relative Rate

Communitybank Of Texas N.a.'s average 30 year fixed mortgage rate was 6.55%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of 0.07%.

Relative Fees (Closing Costs)

Communitybank Of Texas N.a.'s average total fees/closing costs for a 30 year fixed rate mortgage were $10,522.

The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $9,089.

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
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 314 $210,370,000 $669,968 $14,482 7.69%
BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 33 $41,945,000 $1,271,061 $7,598 7.38%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 22 $31,550,000 $1,434,091 $8,943 7.57%
Huntsville, TX (FHA|USDA|VA) 14 $9,650,000 $689,286 $12,428 6.66%
Outside of Metro Areas 23 $8,335,000 $362,391 $10,593 7.42%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 9 $7,865,000 $873,889 $8,837 7.56%
MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 2 $6,270,000 $3,135,000 $0 4.80%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 5 $3,495,000 $699,000 $17,770 5.20%
Brevard, NC (FHA|USDA|VA) 1 $2,005,000 $2,005,000 $0 8.00%
Kerrville, TX (FHA|USDA|VA) 1 $1,655,000 $1,655,000 $18,077 6.13%
CORPUS CHRISTI, TX (FHA|USDA|VA) 2 $1,270,000 $635,000 $0 4.00%
Rockport, TX (FHA|USDA|VA) 2 $1,220,000 $610,000 $10,603 6.75%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 1 $995,000 $995,000 $9,363 6.63%
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 2 $870,000 $435,000 $15,965 7.21%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 1 $625,000 $625,000 $9,054 6.00%
GREEN BAY, WI (FHA|USDA|VA) 2 $410,000 $205,000 $0 9.00%
BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 1 $405,000 $405,000 $0 9.50%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 2 $400,000 $200,000 $9,087 7.63%
Raymondville, TX (FHA|USDA|VA) 1 $245,000 $245,000 $7,254 7.38%
Corsicana, TX (FHA|USDA|VA) 1 $85,000 $85,000 $0 8.50%
Sulphur Springs, TX (FHA|USDA|VA) 1 $75,000 $75,000 $2,320 7.63%
SHERMAN-DENISON, TX (FHA|USDA|VA) 1 $55,000 $55,000 $660 8.00%
Communitybank Of Texas N.a.'s top markets include Houston, Beaumont, Dallas, Huntsville, and Austin among others.

Their top states include:
  • Texas (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • California (FHA|USDA|VA)
  • Wisconsin (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against CommunityBank of Texas N.A. based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 351 $313,265,000 $892,493 $12,884 7.40%
    HELOC 90 $16,530,000 $183,667 n/a 8.13%

    For 2023, Communitybank Of Texas N.a.'s most frequently originated type of loan was Conventional, with 351 originations. Their 2nd most popular type was HELOC, with 90 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 283 $264,005,000 $932,880 $13,838 7.36%
    Other 54 $8,050,000 $149,074 $0 8.07%
    Refi 52 $42,930,000 $825,577 $13,126 7.55%
    Cash Out Refi 36 $7,540,000 $209,444 $2,667 7.87%
    Home Improvement 16 $7,270,000 $454,375 $7,175 8.27%

    For 2023, Communitybank Of Texas N.a.'s most frequently cited loan purpose was Home Purchase, with 283 originations. The 2nd most popular reason was Other, with 54 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 145 $56,835,000 $391,966 $9,440 7.85%
    5 Year 106 $85,250,000 $804,245 $0 8.37%
    30+ year 80 $79,970,000 $999,625 $16,304 6.66%
    30 Year 53 $34,815,000 $656,887 $10,522 6.55%
    15 Year 22 $31,420,000 $1,428,182 $1,381 6.52%
    1 Year 17 $6,365,000 $374,412 $0 8.29%
    20 Year 13 $8,385,000 $645,000 $0 8.38%
    10 Year 3 $645,000 $215,000 $0 7.25%
    3 Year 2 $26,110,000 $13,055,000 $0 4.50%

    For 2023, Communitybank Of Texas N.a.'s most frequently cited loan duration was Other, with 145 originations. The 2nd most popular length was 5 Year, with 106 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 74 $86,440,000 $1,168,108
    $2k-3k 22 $8,570,000 $389,545
    $<1k 18 $7,930,000 $440,556
    $3k-4k 12 $6,440,000 $536,667
    $4k-5k 12 $5,980,000 $498,333
    $1k-2k 10 $1,930,000 $193,000

    Communitybank Of Texas N.a.'s average total fees were $10,522, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 74 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    Over 8% 184 $102,300,000 $555,978
    7-8% 111 $70,235,000 $632,748
    6-7% 108 $78,740,000 $729,074
    5-6% 20 $19,990,000 $999,500
    <2.5% 11 $3,305,000 $300,455
    4-5% 6 $37,980,000 $6,330,000
    3-4% 1 $17,245,000 $17,245,000

    During 2023, Communitybank Of Texas N.a.'s average interest rate for loans was 6.55%, while their most frequently originated rate bucket for loans was Over 8%, with 184 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 101 $27,815,000 $275,396 $7,080 7.70%
    $100k-200k 87 $11,715,000 $134,655 $3,888 8.20%
    $1MM+ 76 $216,100,000 $2,843,421 $23,457 6.92%
    $400k-600k 65 $31,225,000 $480,385 $8,993 7.18%
    $100,000 or less 60 $3,980,000 $66,333 $1,509 7.89%
    $600k-1MM 52 $38,960,000 $749,231 $13,340 7.14%

    2023 saw Communitybank Of Texas N.a. place emphasis on $200k-400k loans with 101 originations, totaling $27,815,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 126 $107,820,000 $855,714 $16,642 7.09%
    $150k-250k 64 $17,960,000 $280,625 $9,413 7.53%
    $100k-150k 33 $7,365,000 $223,182 $6,586 7.18%
    $75k-100k 14 $1,800,000 $128,571 $3,061 7.39%
    $50k-75k 9 $915,000 $101,667 $2,868 6.96%
    $50k or less 5 $425,000 $85,000 $3,713 6.03%

    Communitybank Of Texas N.a. lent most frequently to those with incomes in the $250k+ range, with 126 originations. The second most popular income band? $150k-250k, with 64 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 61 $32,905,000 $539,426 $13,298 7.20%
    20-30% 57 $34,115,000 $598,509 $12,864 7.04%
    <20% 44 $32,430,000 $737,045 $17,161 7.07%
    42% 17 $6,215,000 $365,588 $8,506 7.16%
    37% 14 $7,340,000 $524,286 $11,675 7.54%
    41% 11 $3,615,000 $328,636 $8,679 7.67%
    39% 10 $5,040,000 $504,000 $9,882 6.83%
    40% 10 $4,500,000 $450,000 $12,567 7.08%
    38% 7 $3,575,000 $510,714 $18,800 7.89%
    36% 5 $1,275,000 $255,000 $10,863 8.15%
    50-60% 4 $530,000 $132,500 $0 8.75%
    47% 2 $910,000 $455,000 $8,881 6.44%
    46% 2 $2,040,000 $1,020,000 $17,387 6.75%
    49% 1 $225,000 $225,000 $0 0.00%
    48% 1 $605,000 $605,000 $8,946 6.63%
    >60% 1 $255,000 $255,000 $0 8.75%

    Communitybank Of Texas N.a. lent most frequently to those with DTI ratios of 30-36%, with 61 originations. The next most common DTI ratio? 20-30%, with 57 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 182 $191,500,000 $1,052,198 $0 7.96%
    White 174 $98,380,000 $565,402 $13,112 7.19%
    Not provided 53 $24,275,000 $458,019 $12,039 7.62%
    Black 19 $7,775,000 $409,211 $12,121 6.62%
    Asian 11 $7,285,000 $662,273 $14,940 7.56%
    American Indian 2 $580,000 $290,000 $7,587 7.81%

    Approval Rates

    Total approvals of all applications
    76.75%

    Communitybank Of Texas N.a. has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    62.81%

    Communitybank Of Texas N.a. has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 441 $329,795,000 $747,834

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    441 $329,795,000 $747,834

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 48 $11,150,000 $232,292 $7,363 7.67%
    40-60% 71 $87,165,000 $1,227,676 $12,663 7.43%
    60-80% 186 $160,670,000 $863,817 $13,610 7.79%
    80-100% 70 $59,990,000 $857,000 $15,093 6.81%
    Over 100% 2 $1,580,000 $790,000 $4,717 7.38%
    Under 20% 64 $9,240,000 $144,375 $1,980 7.69%