Gilmer National Bank Gilmer Texas Mortgage Rates, Fees & Info

GILMER, TX

LEI: 549300YBM0K5N6REP663

Tax ID: 75-0261226

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Mortgage Data

Review & Overview

Gilmer National Bank Gilmer Texas is a smaller bank specializing in Refi and Cash Out Refi loans. Gilmer National Bank Gilmer Texas has a high proportion of conventional loans. Their top markets by origination volume include: Longview, Tyler, and Sulphur Springs among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

Gilmer National Bank Gilmer Texas has an average approval rate when compared to the average across all lenders.

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Originations

45

Origination Dollar Volume (All Markets)

$10,565,000

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
LONGVIEW, TX (FHA|USDA|VA) 40 $8,890,000 $222,250 $0 0.00%
TYLER, TX (FHA|USDA|VA) 1 $1,075,000 $1,075,000 $0 0.00%
Sulphur Springs, TX (FHA|USDA|VA) 1 $425,000 $425,000 $0 0.00%
Outside of Metro Areas 3 $175,000 $58,333 $0 0.00%
Gilmer National Bank Gilmer Texas's top markets include Longview, Tyler, and Sulphur Springs among others.

Their top states include:
  • Texas (FHA|USDA|VA)
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 45 $10,565,000 $234,778 $0 0.00%

    For 2023, Gilmer National Bank Gilmer Texas's most frequently originated type of loan was Conventional, with 45 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 16 $1,830,000 $114,375 $0 0.00%
    Refi 14 $4,720,000 $337,143 $0 0.00%
    Home Improvement 5 $455,000 $91,000 $0 0.00%
    Other 5 $965,000 $193,000 $0 0.00%
    Cash Out Refi 5 $2,595,000 $519,000 $0 0.00%

    For 2023, Gilmer National Bank Gilmer Texas's most frequently cited loan purpose was Home Purchase, with 16 originations. The 2nd most popular reason was Refi, with 14 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 45 $10,565,000 $234,778 $0 0.00%

    For 2023, Gilmer National Bank Gilmer Texas's most frequently cited loan duration was Other, with 45 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 19 $1,275,000 $67,105 $0 0.00%
    $100k-200k 9 $1,345,000 $149,444 $0 0.00%
    $200k-400k 7 $1,925,000 $275,000 $0 0.00%
    $400k-600k 6 $2,750,000 $458,333 $0 0.00%
    $600k-1MM 3 $2,195,000 $731,667 $0 0.00%
    $1MM+ 1 $1,075,000 $1,075,000 $0 0.00%

    2023 saw Gilmer National Bank Gilmer Texas place emphasis on $100,000 or less loans with 19 originations, totaling $1,275,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 14 $1,650,000 $117,857 $0 0.00%
    $100k-150k 7 $1,885,000 $269,286 $0 0.00%
    $75k-100k 6 $1,250,000 $208,333 $0 0.00%
    $250k+ 3 $1,265,000 $421,667 $0 0.00%
    $150k-250k 2 $540,000 $270,000 $0 0.00%
    $50k or less 2 $140,000 $70,000 $0 0.00%

    Gilmer National Bank Gilmer Texas lent most frequently to those with incomes in the $50k-75k range, with 14 originations. The second most popular income band? $100k-150k, with 7 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 45 $10,565,000 $234,778 $0 0.00%

    Gilmer National Bank Gilmer Texas lent most frequently to those with DTI ratios of Exempt%, with 45 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 34 $6,730,000 $197,941 $0 0.00%
    Not applicable 11 $3,835,000 $348,636 $0 0.00%

    Approval Rates

    Total approvals of all applications
    86.54%

    Gilmer National Bank Gilmer Texas has an average approval rate.

    Pick Rate

    Approvals leading to origination

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 45 $10,565,000 $234,778

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    45 $10,565,000 $234,778