Looking for a different lender?
I
Independent Bank
Bank|Mckinney, TX|Multi-Region
Loans Originated
729
Applications
950
Volume
$287 million
Offers loans directly to consumersSources loans from independent brokers
Overall Pricing
Acceptable
Overall Pull Through
Strong
Pricing and Pullthrough Overview
Average Rate Spread
+0.267%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$2,371
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
76.7%
Percentage of applications that result in closed loans
Safe Rate's 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
Report Card
Independent Bank performance at a glance
| Category | Rating | Grade | Details |
|---|---|---|---|
Pricing Rate competitiveness | Acceptable | Near industry average | |
Pull Through Closing Strength | Strong | Highly Competitive | |
Products Loan Type Specialists | Specialization score by loan product | ||
Conventional | Sound | Industry Standard | |
FHA | Strong | Highly Competitive | |
VA | Sound | Industry Standard | |
Jumbo | Strong | Highly Competitive | |
Purpose Reason specialization | Specialization score by loan purpose | ||
Purchase | Sound | Industry Standard | |
Refinance | Sound | Industry Standard | |
Places Geographic coverage | Sound | Multi-Regional · 9 metro areas · 14 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$395,041
Average Borrower Income
$180,162
Average Property Value
$512,586
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Sound | Sound | Acceptable | Sound | 548 | 75.2% | +0.185% | $2,246 |
FHA Loans | Sound | Strong | Acceptable | Strong | 120 | 16.5% | +0.715% | $3,074 |
VA Loans | Sound | Sound | N/A | Strong | 22 | 3.0% | -0.069% | $2,255 |
Jumbo Loans | Strong | Strong | N/A | Strong | 33 | 4.5% | +0.432% | $2,461 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Sound | Sound | Acceptable | Sound | 670 | 91.9% | +0.269% | $2,431 |
Refinance | Sound | Sound | Acceptable | Sound | 59 | 8.1% | +0.252% | $1,857 |
Geographic Coverage
Metro Areas
8
States Served
14
We count Washington DC as a state
Avg Place Specialization
Strong
States with Loan Originations
ARAZCOFLMIMNMOMSNCNENMOKTXWY
Top Metro Areas by Place Specialization Score
1
Dallas, TXMSA
Volume: 301Mix: 41.29%
Place Specialization
Exceptional
2
Fort Worth, TXMSA
Volume: 81Mix: 11.11%
Place Specialization
Strong
3
Houston, TXMSA
Volume: 108Mix: 14.81%
Place Specialization
Strong
4
Austin, TXMSA
Volume: 53Mix: 7.27%
Place Specialization
Strong
5
Denver, COMSA
Volume: 62Mix: 8.50%
Place Specialization
Strong
6
Sherman, TXMSA
Volume: 19Mix: 2.61%
Place Specialization
Sound
7
Greeley, CO, COMSA
Volume: 16Mix: 2.19%
Place Specialization
Sound
8
Fort Collins, COMSA
Volume: 12Mix: 1.65%
Place Specialization
Sound
Top States by Place Specialization Score
1
TXState
Volume: 604Mix: 82.85%
Place Specialization
Strong
2
COState
Volume: 103Mix: 14.13%
Place Specialization
Strong
How We Rank Lenders
Our rankings use geometric mean scoring across equally-weighted categories. This rewards lenders who perform consistently well across all metrics, not just excel in one area.
Our Point System (Max 30 Points)
10
Pricing
Rate and fee competitiveness (33%)
10
Pull Through
Reliability in closing loans (33%)
10
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.
Ready to Get Started?
Compare Independent Bank with other lenders or get personalized recommendations.