Texas Bay Mortgage Rates, Fees & Info

Houston, TX

LEI: 549300Z4E78BSM0XM758

Tax ID: 74-1142852

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

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • 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

    Texas Bay is a smaller mortgage company specializing in Home Purchase and Refi loans. Texas Bay has a high proportion of conventional loans. Their top markets by origination volume include: Houston, Beaumont, and Austin among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Texas Bay 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. Texas Bay is typically an average 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 about average 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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.13% 12/16/24
    30 Year Conventional Refi 7.19% 12/16/24
    30 Year Cash-out Refi 5.91% 12/16/24
    30 Year FHA Purchase 6.32% 12/16/24
    30 Year VA Purchase 6.57% 12/16/24
    15 Year Conventional Purchase 7.22% 12/16/24
    15 Year Conventional Refi 6.20% 12/16/24
    15 Year Cash-out Refi 6.20% 12/16/24
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

    Texas Bay Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Texas Bay. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    278

    Origination Dollar Volume (All Markets)

    $38,480,000

    Awards

    TEXAS BAY 30 Year Conventional Loans gold TEXAS BAY 30 Year Conventional Loans gold
    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
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 272 $37,540,000 $138,015 $3,718 4.70%
    Outside of Metro Areas 4 $550,000 $137,500 $5,349 6.41%
    BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 1 $335,000 $335,000 $10,736 3.63%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $55,000 $55,000 $0 4.79%
    Texas Bay's top markets include Houston, Beaumont, and Austin among others.

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

    • Similar Lenders

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

    AAXY L.L.C.
    Similarity Rank: 368
    MEMBERS CHOICE Credit Union
    Similarity Rank: 549
    Resource One Credit Union
    Similarity Rank: 582
    SMART FINANCIAL CREDIT UNION
    Similarity Rank: 707
    HIGHLAND HOMELOANS, LLC
    Similarity Rank: 750
    TEXAS BAY
    Similarity Rank: 888
    CAPITAL PLUS FINANCIAL, LLC
    Similarity Rank: 894
    AMERANT BANK, NATIONAL ASSOCIATION
    Similarity Rank: 1060
    JSC
    Similarity Rank: 1296
    ADVISA MORTGAGE SERVICES, LTD.
    Similarity Rank: 1475

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 278 $38,480,000 $138,417 $3,753 4.72%

    For 2019, Texas Bay's most frequently originated type of loan was Conventional, with 278 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 117 $19,775,000 $169,017 $5,512 4.31%
    Refi 62 $8,320,000 $134,194 $3,608 4.24%
    Cash Out Refi 49 $6,965,000 $142,143 $3,329 5.15%
    Other 28 $2,170,000 $77,500 $230 5.93%
    Home Improvement 22 $1,250,000 $56,818 $237 5.83%

    For 2019, Texas Bay's most frequently cited loan purpose was Home Purchase, with 117 originations. The 2nd most popular reason was Refi, with 62 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 109 $21,455,000 $196,835 $5,921 3.77%
    15 Year 64 $7,040,000 $110,000 $3,712 4.90%
    20 Year 46 $5,930,000 $128,913 $1,676 5.73%
    10 Year 39 $2,255,000 $57,821 $1,208 5.87%
    5 Year 11 $395,000 $35,909 $218 5.16%
    Other 9 $1,405,000 $156,111 $3,769 4.45%

    For 2019, Texas Bay's most frequently cited loan duration was 30 Year, with 109 originations. The 2nd most popular length was 15 Year, with 64 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $2k-3k 85 $13,075,000 $153,824
    $1k-2k 46 $3,530,000 $76,739
    $3k-4k 38 $9,280,000 $244,211
    $4k-5k 13 $4,435,000 $341,154
    $5k+ 1 $465,000 $465,000

    Texas Bay's average total fees were $5,921, while their most frequently occuring range of origination fees (closing costs) were in the $2k-3k bucket, with 85 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 135 $23,775,000 $176,111
    4-5% 49 $6,375,000 $130,102
    5-6% 36 $3,230,000 $89,722
    6-7% 21 $1,755,000 $83,571
    Over 8% 18 $1,260,000 $70,000
    7-8% 13 $1,205,000 $92,692
    2.5-3% 6 $880,000 $146,667

    During 2019, Texas Bay's average interest rate for loans was 3.77%, while their most frequently originated rate bucket for loans was 3-4%, with 135 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 115 $16,345,000 $142,130 $4,057 4.35%
    $100,000 or less 104 $6,330,000 $60,865 $1,529 5.66%
    $200k-400k 57 $14,935,000 $262,018 $7,002 3.79%
    $400k-600k 2 $870,000 $435,000 $9,382 3.88%

    2019 saw Texas Bay place emphasis on $100k-200k loans with 115 originations, totaling $16,345,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 74 $11,210,000 $151,486 $3,935 4.89%
    $50k-75k 60 $6,780,000 $113,000 $3,246 4.49%
    $75k-100k 56 $7,240,000 $129,286 $3,463 4.99%
    $150k-250k 43 $7,455,000 $173,372 $4,399 4.93%
    $50k or less 29 $2,805,000 $96,724 $3,058 4.36%
    $250k+ 16 $2,990,000 $186,875 $5,357 3.99%

    Texas Bay lent most frequently to those with incomes in the $100k-150k range, with 74 originations. The second most popular income band? $50k-75k, with 60 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 64 $9,270,000 $144,844 $3,611 4.65%
    30-36% 51 $7,245,000 $142,059 $3,928 4.78%
    <20% 30 $3,230,000 $107,667 $2,375 5.59%
    39% 15 $1,985,000 $132,333 $3,295 5.17%
    41% 14 $1,800,000 $128,571 $3,831 4.91%
    36% 14 $2,450,000 $175,000 $4,794 4.14%
    43% 12 $2,150,000 $179,167 $4,775 4.35%
    45% 12 $1,530,000 $127,500 $4,107 5.14%
    38% 12 $1,820,000 $151,667 $3,035 5.08%
    44% 11 $1,505,000 $136,818 $4,764 4.23%
    40% 9 $1,175,000 $130,556 $4,196 4.78%
    42% 8 $1,150,000 $143,750 $4,373 3.81%
    37% 6 $590,000 $98,333 $2,984 4.68%
    46% 6 $800,000 $133,333 $4,264 3.88%
    48% 5 $485,000 $97,000 $4,353 3.83%
    47% 4 $440,000 $110,000 $4,518 3.63%
    50-60% 3 $415,000 $138,333 $2,186 4.44%
    49% 2 $440,000 $220,000 $6,269 3.44%

    Texas Bay lent most frequently to those with DTI ratios of 20-30%, with 64 originations. The next most common DTI ratio? 30-36%, with 51 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 222 $29,970,000 $135,000 $3,594 4.81%
    Black 25 $3,135,000 $125,400 $3,196 5.25%
    Not provided 17 $2,875,000 $169,118 $5,476 3.46%
    Asian 11 $2,045,000 $185,909 $5,511 3.92%
    Asian Indian 2 $360,000 $180,000 $5,903 3.50%
    American Indian 1 $95,000 $95,000 $200 5.29%

    Approval Rates

    Total approvals of all applications
    73.93%

    Texas Bay has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    68.71%

    Texas Bay 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 278 $38,480,000 $138,417

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 278 $38,480,000 $138,417

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 34 $1,890,000 $55,588 $781 5.70%
    40-60% 37 $4,065,000 $109,865 $2,797 4.54%
    60-80% 98 $14,400,000 $146,939 $3,874 5.04%
    80-100% 97 $17,715,000 $182,629 $5,481 4.00%
    Under 20% 12 $410,000 $34,167 $183 5.82%