Communitybank Of Texas N.a. Mortgage Rates, Fees & Info
Beaumont, TXLEI: 549300Y5YUNNHUW2EQ06
Tax ID: 74-1946814
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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.
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Originations
441Origination Dollar Volume (All Markets)
$329,795,000Relative 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% |
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
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
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
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
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
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
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
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
Approval Rates
Total approvals of all applications76.75%
Communitybank Of Texas N.a. has a below average approval rate.
Pick Rate
Approvals leading to origination62.81%
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 |