Gilmer National Bank Gilmer Texas Mortgage Rates, Fees & Info
GILMER, TXLEI: 549300YBM0K5N6REP663
Tax ID: 75-0261226
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Gilmer National Bank Gilmer Texas is a smaller bank specializing in Home Purchase loans. Gilmer National Bank Gilmer Texas has a high proportion of conventional loans. Their top markets by origination volume include: Longview, Tyler, and Mount Pleasant 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 above average approval rate when compared to the average across all lenders. They have an above 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.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.
Originations
62Origination Dollar Volume (All Markets)
$14,010,000Top 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 |
|---|---|---|---|---|---|
| LONGVIEW, TX (FHA|USDA|VA) | 49 | $9,905,000 | $202,143 | $0 | 0.00% |
| TYLER, TX (FHA|USDA|VA) | 10 | $3,750,000 | $375,000 | $0 | 0.00% |
| Outside of Metro Areas | 2 | $210,000 | $105,000 | $0 | 0.00% |
| Mount Pleasant, TX (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against Gilmer National Bank Gilmer Texas based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 120
Similarity Rank: 270
Similarity Rank: 432
Similarity Rank: 528
Similarity Rank: 806
Similarity Rank: 1107
Similarity Rank: 2560
Similarity Rank: 3534
Similarity Rank: 4212
Similarity Rank: 5508
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 62 | $14,010,000 | $225,968 | $0 | 0.00% |
For 2024, Gilmer National Bank Gilmer Texas's most frequently originated type of loan was Conventional, with 62 originations.
Loan Reason
For 2024, Gilmer National Bank Gilmer Texas's most frequently cited loan purpose was Home Purchase, with 30 originations. The 2nd most popular reason was Other, with 12 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 62 | $14,010,000 | $225,968 | $0 | 0.00% |
For 2024, Gilmer National Bank Gilmer Texas's most frequently cited loan duration was Other, with 62 originations.
Loan Sizing
2024 saw Gilmer National Bank Gilmer Texas place emphasis on $100k-200k loans with 24 originations, totaling $3,160,000 in origination value.
Applicant Income
Gilmer National Bank Gilmer Texas lent most frequently to those with incomes in the $100k-150k range, with 11 originations. The second most popular income band? $50k-75k, with 9 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 62 | $14,010,000 | $225,968 | $0 | 0.00% |
Gilmer National Bank Gilmer Texas lent most frequently to those with DTI ratios of Exempt%, with 62 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 49 | $10,245,000 | $209,082 | $0 | 0.00% |
| Not applicable | 13 | $3,765,000 | $289,615 | $0 | 0.00% |
Approval Rates
Total approvals of all applications92.65%
Gilmer National Bank Gilmer Texas has an average approval rate.
Pick Rate
Approvals leading to origination98.39%
Gilmer National Bank Gilmer Texas 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 | 62 | $14,010,000 | $225,968 |