Commercial Bank Of Texas Mortgage Interest Rate and Cost Review

Is Commercial Bank Of Texas a cheap or expensive mortgage lender? We compare the interest rates and closing costs charged by Commercial Bank Of Texas with other lenders for comparable mortgages. Nationally, here is what we find:

Interest Ratesimilar to average (-0.04%)
Loan Related Closing Costssimilar to average (-$197)
National Rate and Closing Cost Rating(4.0)
Websitehttps://www.cbtx.com

On average, Commercial Bank Of Texas’s interest rates were similar to those of other lenders (-0.04%) for a comparable set of borrowers. Its average total loan related closing cost was similar to those of other lenders, with a difference of -$197. Overall, combining interest rates and closing costs we estimate that Commercial Bank Of Texas tends to be an average cost lender, and give it a National Rate and Closing Costs Rating of 4.0 out of 5.0 stars.

Commercial Bank Of Texas’s Rates by Area

Mortgage lenders often set different rates in different geographical markets. In particular, among the markets we track Commercial Bank Of Texas was most active in:

  1. Nacogdoches, TX
  2. Tyler, TX
  3. Dallas, TX
  4. Frisco, TX
  5. Beaumont, TX

Furthermore, Commercial Bank Of Texas is our top ranked mortgage lender in terms of interest rate and closing costs in Nacogdoches, TX, for FHA, and VA mortgages.

You can click through to check out Commercial Bank Of Texas’s mortgage rate competitiveness by area. Or, for our data driven ranking of all the top mortgage lenders by area, click here.

Commercial Bank Of Texas’s Rates by Mortgage Type

Mortgage lenders also tend to charge different interest rates and closing costs depending on the type of mortgage. In our data, Commercial Bank Of Texas originated Conforming, FHA, Jumbo and VA mortgages for new home purchases. It also originated Conforming, FHA and VA mortgages for refinances. We breakdown its interest rate and total loan related closing cost difference relative to other lenders for comparable mortgages by type in the table below.

Purchase/Refinance:
New Purchase MortgagesConformingFHAJumboVA
Interest Rate Difference-0.01%-0.11%-0.00%-0.06%
Loan Related Closing Cost Difference-$190-$164+$20-$42
Cost Adjusted Rate Difference-0.03%-0.13%-0.00%-0.06%
Star Rating(3.5)(4.0)(3.5)(4.0)
Refinance MortgagesConformingFHAVA
Interest Rate Difference-0.07%-0.01%-0.00%
Loan Related Closing Cost Difference-$253+$25-$3
Cost Adjusted Rate Difference-0.09%-0.01%-0.00%
Star Rating(4.0)(3.5)(3.5)

As a summary, Commercial Bank Of Texas is cheap for FHA and VA purchase mortgages. It is similar to other lenders for Conforming and Jumbo purchase mortgages. For refinancing mortgages, Commercial Bank Of Texas is cheap for Conforming mortgage refinance. It is similar to other lenders for FHA and VA mortgage refinance. Nevertheless, individual circumstances can matter, and we always recommend shopping among several lenders in your area before signing.

Other information about Commercial Bank Of Texas:

Registered name: Commercial Bnak Of Texas
Registered city and state: NACOGDOCHES, TX, 75961-5257
Regulator: Office of the Comptroller of the Currency (OCC)
Top holder: NACOGDOCHES COMMERCIAL BANCSHARES, INC.

* Source of the data is Federal Financial Institutions Examination Council (FFIEC) and is for mortgages originated in the past year. Our comparable mortgages analysis controls for Commercial Bank Of Texas’s distribution of loan term (e.g. 30 year vs 15 year), loan-to-value (LTV), debt-to-income (DTI), loan amount, loan program (e.g. Conforming/FHA), loan purpose (e.g. purchase/refinance), and commuting zone. Cost adjusted rates were computed based on each percent of the loan amount in above average loan related closing costs being worth +0.15 of a percentage point in interest rate. Furthermore, the amounts are regularized using a Bayesian approach to control for small samples.