Gilmer National Bank Gilmer Texas Mortgage Rates, Fees & Info

GILMER, TX

LEI: 549300YBM0K5N6REP663

Tax ID: 75-0261226

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

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • 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, Lufkin, and Mount Pleasant among others. We have data for 5 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. Gilmer National Bank Gilmer Texas is typically a low 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

    52

    Origination Dollar Volume (All Markets)

    $7,220,000

    Awards

    Gilmer National Bank Gilmer Texas 30 Year Conventional Loans gold Gilmer National Bank Gilmer Texas 30 Year Conventional Loans silver
    Show all (2) awards

    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) 44 $6,410,000 $145,682 $2,543 5.84%
    TYLER, TX (FHA|USDA|VA) 5 $585,000 $117,000 $0 5.65%
    Lufkin, TX (FHA|USDA|VA) 1 $145,000 $145,000 $2,667 6.00%
    Mount Pleasant, TX (FHA|USDA|VA) 1 $65,000 $65,000 $2,231 6.00%
    Outside of Metro Areas 1 $15,000 $15,000 $1,928 6.00%
    Gilmer National Bank Gilmer Texas's top markets include Longview, Tyler, Lufkin, and Mount Pleasant among others.

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

    • 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.

    EAST TEXAS PROFESSIONAL Credit Union
    Similarity Rank: 96
    Gilmer National Bank Gilmer Texas
    Similarity Rank: 135
    Community Bank
    Similarity Rank: 152
    Texas National Bank of Jacksonville
    Similarity Rank: 230
    Austin Bank, Texas
    Similarity Rank: 459
    VeraBank
    Similarity Rank: 464
    Guaranty Bank & Trust, N.A.
    Similarity Rank: 621
    Southside Bank
    Similarity Rank: 896
    BancorpSouth
    Similarity Rank: 2379
    AMCAP MORTGAGE, LTD.
    Similarity Rank: 2520

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 52 $7,220,000 $138,846 $2,522 5.83%

    For 2018, Gilmer National Bank Gilmer Texas's most frequently originated type of loan was Conventional, with 52 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 41 $5,525,000 $134,756 $2,428 5.90%
    Cash Out Refi 6 $1,260,000 $210,000 $3,346 5.33%
    Home Improvement 2 $100,000 $50,000 $2,001 5.50%
    Refi 2 $270,000 $135,000 $2,470 6.00%
    Other 1 $65,000 $65,000 $2,211 6.00%

    For 2018, Gilmer National Bank Gilmer Texas's most frequently cited loan purpose was Home Purchase, with 41 originations. The 2nd most popular reason was Cash Out Refi, with 6 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 33 $5,525,000 $167,424 $2,453 5.83%
    10 Year 9 $595,000 $66,111 $2,678 6.06%
    20 Year 6 $470,000 $78,333 $2,157 5.71%
    Other 3 $195,000 $65,000 $2,468 5.67%
    5 Year 1 $435,000 $435,000 $4,576 5.00%

    For 2018, Gilmer National Bank Gilmer Texas's most frequently cited loan duration was 30 Year, with 33 originations. The 2nd most popular length was 10 Year, with 9 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 31 $4,925,000 $158,871

    Gilmer National Bank Gilmer Texas's average total fees were $2,453, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 31 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 39 $4,255,000 $109,103
    4-5% 10 $2,330,000 $233,000
    6-7% 3 $635,000 $211,667

    During 2018, Gilmer National Bank Gilmer Texas's average interest rate for loans was 5.83%, while their most frequently originated rate bucket for loans was 5-6%, with 39 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 26 $1,460,000 $56,154 $1,999 5.90%
    $100k-200k 17 $2,365,000 $139,118 $2,413 5.90%
    $200k-400k 6 $1,990,000 $331,667 $3,222 5.33%
    $400k-600k 3 $1,405,000 $468,333 $4,656 5.75%

    2018 saw Gilmer National Bank Gilmer Texas place emphasis on $100,000 or less loans with 26 originations, totaling $1,460,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 10 $1,880,000 $188,000 $2,610 5.53%
    $50k-75k 9 $865,000 $96,111 $2,039 6.00%
    $50k or less 9 $665,000 $73,889 $1,802 5.78%
    $150k-250k 8 $1,200,000 $150,000 $2,692 5.81%
    $75k-100k 7 $935,000 $133,571 $2,755 6.00%
    $250k+ 5 $1,305,000 $261,000 $5,245 5.85%

    Gilmer National Bank Gilmer Texas lent most frequently to those with incomes in the $100k-150k range, with 10 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
    20-30% 9 $685,000 $76,111 $2,547 6.00%
    30-36% 8 $1,320,000 $165,000 $2,004 5.50%
    >60% 5 $515,000 $103,000 $2,098 6.00%
    39% 5 $1,035,000 $207,000 $2,675 5.60%
    45% 3 $725,000 $241,667 $2,931 6.08%
    <20% 3 $455,000 $151,667 $3,776 5.67%
    46% 3 $345,000 $115,000 $2,720 6.00%
    50-60% 3 $765,000 $255,000 $4,684 6.08%
    47% 1 $125,000 $125,000 $915 6.00%
    44% 1 $105,000 $105,000 $0 6.00%
    49% 1 $435,000 $435,000 $4,576 5.00%
    43% 1 $35,000 $35,000 $2,042 6.00%

    Gilmer National Bank Gilmer Texas lent most frequently to those with DTI ratios of 20-30%, with 9 originations. The next most common DTI ratio? 30-36%, with 8 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 48 $6,850,000 $142,708 $2,564 5.81%
    Not applicable 4 $370,000 $92,500 $949 6.00%

    Approval Rates

    Total approvals of all applications
    91.53%

    Gilmer National Bank Gilmer Texas has an average approval rate.

    Pick Rate

    Approvals leading to origination
    96.15%

    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
    NA 52 $7,220,000 $138,846

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 7 $475,000 $67,857
    Single Family (1-4 Units):Site-Built 45 $6,745,000 $149,889

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 1 $85,000 $85,000 $3,009 6.00%
    40-60% 3 $145,000 $48,333 $1,856 6.00%
    60-80% 15 $2,065,000 $137,667 $2,775 5.67%
    80-100% 31 $4,845,000 $156,290 $2,483 5.87%
    Over 100% 1 $45,000 $45,000 $2,457 6.00%
    Under 20% 1 $35,000 $35,000 $2,138 6.00%