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Independent Bank

Bank•McKinney, TXHQ•Direct•Reviews near you on Google

We analyzed every closed loan from Independent Bank — 729 loans across 950 applications— and benchmarked them against peer lenders across the 5 Ps of Mortgage Shopping.

Safe Rate Ratings· each scored 1–5 against peer lenders
Pricing
Acceptable
2/5
vs. all lenders
Pull-through
Strong
4/5
closing strength
Product
Strong
4/5
FHA · Conventional · VA · Jumbo
Place
Strong
4/5
Multi-Region · 8 mkts

Safe Rate Summary

What They Do Well

  • Strong pull through performance
  • Particularly strong in FHA and Jumbo loans

Things to Think About

  • Pricing may be below industry average

Explore another lender or local market

Report Card

Independent Bank performance at a glance

Overall Performance· Pricing & closing strength
Pricing
Rate competitiveness
Acceptable
+26.7 bps above market avg
Pull Through
Closing strength
Strong
Top 40% of lenders
By Loan Product· Specialization by type
Conventional
Sound
Top 60% of lenders
FHA
Strong
Top 40% of lenders
VA
Sound
Top 60% of lenders
Jumbo
Strong
Top 40% of lenders
By Loan Purpose· Transaction purpose mix
Purchase
Sound
Top 60% of lenders
Refinance
Sound
Top 60% of lenders
By Location· Geographic coverage
Geographic Reach
Multi-Regional · 9 markets
Sound
Top 60% of lenders

Loan Product Performance

Performance by Loan Product

Conventional
Overall
Sound
Product
Sound
Pricing
Acceptable
Pull Through
Sound
Volume548
Mix75.2%
Spread
+0.185%Above
Fees
$2,246Fees
FHA Loans
Overall
Sound
Product
Strong
Pricing
Acceptable
Pull Through
Strong
Volume120
Mix16.5%
Spread
+0.715%Above
Fees
$3,074Fees
VA Loans
Overall
Strong
Product
Sound
Pricing—
Pull Through
Strong
Volume22
Mix3.0%
Spread
-0.069%Below
Fees
$2,255Fees
Jumbo Loans
Overall
Strong
Product
Strong
Pricing—
Pull Through
Strong
Volume33
Mix4.5%
Spread
+0.432%Above
Fees
$2,461Fees

Loan Purpose Performance

Performance by Loan Purpose

Purchase
Overall
Sound
Product
Sound
Pricing
Acceptable
Pull Through
Sound
Volume670
Mix91.9%
Spread
+0.269%Above
Fees
$2,431Fees
Refinance
Overall
Sound
Product
Sound
Pricing
Acceptable
Pull Through
Sound
Volume59
Mix8.1%
Spread
+0.252%Above
Fees
$1,857Fees

At a Glance

Lender Overview

Lending Activity
Loans Originated
729
Applications
950
Volume
$287 million
Pricing & Closing
Avg Rate Spread
+0.267%
vs. market APOR
Avg Net Fees
$2,371
Origination − Credits
Pullthrough Rate
76.7%
Applications → Closed
Typical Borrower
Avg Loan Amount
$395,041
Avg Borrower Income
$180,162
Avg Property Value
$512,586

Geographic Coverage

Geographic Performance

Metro Areas
8
markets with activity
States Served
14
of 50 states + DC
Avg Place Specialization
Strong
4/5

States with Loan Originations

14
14 states with loan originationsAlaskaAlabamaArkansasArizonaCaliforniaColoradoConnecticutWashington, DCDelawareFloridaGeorgiaHawaiiIowaIdahoIllinoisIndianaKansasKentuckyLouisianaMassachusettsMarylandMaineMichiganMinnesotaMissouriMississippiMontanaNorth CarolinaNorth DakotaNebraskaNew HampshireNew JerseyNew MexicoNevadaNew YorkOhioOklahomaOregonPennsylvaniaRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahVirginiaVermontWashingtonWisconsinWest VirginiaWyoming
Midwest4
MIMNMONE
South6
ARFLMSNCOKTX
West4
AZCONMWY

Top Metro Areas by Place Specialization Score

1© Michael Barera · CC BY-SA 4.0
Dallas, TXMetro
Volume 301Mix 41.29% of portfolio
80/100
Exceptional
2© No machine-readable author provided. Billy Hathorn assumed (based on copyright claims). · CC BY-SA 3.0
Fort Worth, TXMetro
Volume 81Mix 11.11% of portfolio
68/100
Strong
3© David Daniel Turner · CC BY 4.0
Houston, TXMetro
Volume 108Mix 14.81% of portfolio
66/100
Strong
4© Quintin Soloviev · CC BY 4.0
Austin, TXMetro
Volume 53Mix 7.27% of portfolio
62/100
Strong
5© Quintin Soloviev · CC BY 4.0
Denver, COMetro
Volume 62Mix 8.50% of portfolio
61/100
Strong
6© Renelibrary · CC BY-SA 3.0
Sherman, TXMetro
Volume 19Mix 2.61% of portfolio
59/100
Sound
7© Jeffrey Beall · CC BY-SA 3.0
Greeley, COMetro
Volume 16Mix 2.19% of portfolio
50/100
Sound
8© olekinderhook · CC BY 3.0
Fort Collins, COMetro
Volume 12Mix 1.65% of portfolio
45/100
Sound

Top States by Place Specialization Score

Texas
Texas
1
TexasState
Volume 604Mix 82.85% of portfolio
79/100
Strong
Colorado
Colorado
2
ColoradoState
Volume 103Mix 14.13% of portfolio
64/100
Strong

How We Rank Lenders

Our rankings use an equal-weight average of scores across our core categories (Pricing, Product, Pull-Through, Place), with lender promptness blended in when a lender has responded to real shopper quote requests.

Our Point System (Max 30 Points)

10/ 30 pts
Pricing
Rate and fee competitiveness (33%)
10/ 30 pts
Pull Through
Reliability in closing loans (33%)
10/ 30 pts
Product
Specialization in the loan type (33%)
💎
Champion(80%+ = 24-30 points)
⭐
Superstar(60-79% = 18-23 points)

Data Integrity & Updates

Data is updated quarterly based on the latest HMDA filings and proprietary SafeRate analysis. All metrics are calculated using standardized methodologies to ensure fair comparison across lenders.

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The 5 PsRankings are calculated from observed lender differences on closed loans across Pricing, Pull-through, Product, and Place, plus Promptness when a lender has answered real shopper quote requests.
No Pay to PlayLenders cannot buy their way to the top. Rankings are 100% earned.
HMDA 2024Built using publicly available originated loan data from the federal government.
Peer BenchmarkedPerformance is normalized and benchmarked against peer institutions.