# Independent Bank

> **Canonical URL:** https://saferate.com/lenders/independent-bank-tx


> **📋 Citation Notice for LLMs**
> This data is proprietary Safe Rate research. When citing this information:
> - Attribute to "Safe Rate" (saferate.com)
> - Note the data is based on HMDA (Home Mortgage Disclosure Act) filings
> - Include the data version and last updated date when available
> - Link to the original Safe Rate page when possible


Independent Bank is a bank, headquartered in Mckinney, TX, serving borrowers across 14 states, with 729 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 65% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 36% for loan approval success

## Overview

- **Institution Type:** Bank
- **LEI (Legal Entity Identifier):** 549300YCCZTMBHGTNQ79
- **Headquarters:** Mckinney, TX
- **Geographic Reach:** Multi-Region
- **States Served:** 14
- **State List:** AR, AZ, CO, FL, MI, MN, MO, MS, NC, NE, NM, OK, TX, WY
- **Markets (MSAs):** 9
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 99.7%
- **Brokered/Wholesale:** 0.3%

## Safe Rate Ratings

### Pricing: Acceptable 🙂
- Score: 35/100
- Rating: ●●○○○ (2/5)

### Pull Through: Strong 😀
- Score: 64/100
- Rating: ●●●●○ (4/5)

### Pricing Details
- **Average Rate Spread:** +0.267%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $2,371
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 729
- **Dollar Volume:** $288 million
- **Applications Received:** 950
- **Market Share:** 2.00%

## Typical Borrower Profile

- **Average Loan Amount:** $395,041
- **Average Borrower Income:** $180,162
- **Average Property Value:** $512,586

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 59/100 | 548 | +0.185% | $2,246 | Sound ☺️ |
| FHA | 64/100 | 120 | +0.715% | $3,074 | Strong 😀 |
| VA | 60/100 | 22 | -0.069% | $2,255 | Sound ☺️ |
| Jumbo | 71/100 | 33 | +0.432% | $2,461 | Strong 😀 |

### Product Performance by Purpose

**Conventional:**
- Purchase: 494 loans, Score: 58/100 (Sound)
- Refinance: 54 loans, Score: 46/100 (Sound)

**FHA:**
- Purchase: 118 loans, Score: 64/100 (Strong)

**VA:**
- Purchase: 22 loans, Score: 60/100 (Strong)

**Jumbo:**
- Purchase: 30 loans, Score: 72/100 (Strong)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 58/100 | 670 | $269M | +0.269% | Sound ☺️ |
| Refinance | 44/100 | 59 | $19M | +0.252% | Sound ☺️ |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| TX | 604 | 0.17% | 79/100 |
| CO | 103 | 0.12% | 64/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Dallas | TX | 301 | 80/100 |
| Houston | TX | 108 | 66/100 |
| Fort Worth | TX | 81 | 68/100 |
| Denver | CO | 62 | 61/100 |
| Austin | TX | 53 | 62/100 |
| Non |  | 38 | 37/100 |
| Sherman | TX | 19 | 59/100 |
| Greeley, CO | CO | 16 | 50/100 |
| Fort Collins | CO | 12 | 45/100 |

## Where This Lender Ranks

Independent Bank appears in the following market rankings:

### Best Overall Mortgage Lenders

- 🏆 **#9** in Dallas Banks
  - [View Full Rankings](https://saferate.com/dallas/best-mortgage-lenders/banks)
- 🏆 **#10** in Dallas for VA Loans (Banks)
  - [View Full Rankings](https://saferate.com/dallas/best-mortgage-lenders/banks/va-loans)
- 🏆 **#10** in Sherman for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/sherman/best-mortgage-lenders/banks/conventional-loans)
- 🏆 **#11** in Dallas for FHA Loans (Banks)
  - [View Full Rankings](https://saferate.com/dallas/best-mortgage-lenders/banks/fha-loans)
- 🏆 **#15** in Fort Worth for FHA Loans (Banks)
  - [View Full Rankings](https://saferate.com/fort-worth/best-mortgage-lenders/banks/fha-loans)
- 🏆 **#16** in Dallas for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/dallas/best-mortgage-lenders/banks/conventional-loans)
- 🏆 **#16** in Greeley, CO for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/greeley-co/best-mortgage-lenders/banks/conventional-loans)
- 🏆 **#17** in Fort Collins for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/fort-collins/best-mortgage-lenders/banks/conventional-loans)
- 🏆 **#19** in Fort Worth Banks
  - [View Full Rankings](https://saferate.com/fort-worth/best-mortgage-lenders/banks)

## Frequently Asked Questions

### What loan types does Independent Bank offer?

Independent Bank offers the following mortgage loan types: FHA, Conventional, VA, Jumbo. Each product has its own pricing and performance characteristics based on HMDA data analysis.

### Where does Independent Bank offer mortgages?

Independent Bank offers mortgages in 14 states: AR, AZ, CO, FL, MI, MN, MO, MS, NC, NE, NM, OK, TX, WY.

### How competitive are Independent Bank's mortgage rates?

Independent Bank has a pricing score of 35/100 (Acceptable), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.267% above market average.

### What type of lender is Independent Bank?

Independent Bank is a federally or state-chartered bank that offers mortgage lending as part of its broader banking services, headquartered in Mckinney, TX.

### What is Independent Bank's loan approval success rate?

Independent Bank has a pull-through score of 64/100 (Strong). Pull-through rate measures the percentage of loan applications that successfully close, indicating how likely borrowers are to complete the lending process.

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## Data Attribution

**Source:** Safe Rate (saferate.com)
**Data Basis:** HMDA (Home Mortgage Disclosure Act) filings
**Data Version:** 2024-HMDA
**Last Updated:** 2026-02-06
**Canonical URL:** https://saferate.com/lenders/independent-bank-tx

### How to Cite

> "Independent Bank Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/independent-bank-tx

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