
Bancorpsouth has a significant presence in Nacogdoches, Texas, with a long history dating back to 1876.
The city's economy is driven by a mix of industries, including healthcare, education, and retail.
Nacogdoches has a population of around 32,000 people, with a median household income of $34,000.
The city's median home value is around $120,000, with a median age of 38.
Market Data
BancorpSouth is a major player in the Nacogdoches mortgage market, with a 8.7% market share.
The company originated $10,810,000 in loans, which is a significant amount that demonstrates its presence in the area.
Commercial Bank of Texas holds the top spot with a 20.1% market share, while Austin Bank, Texas, also has a 8.7% market share, tied with BancorpSouth.
QUICKEN LOANS, LLC is in fourth place with a 6.1% market share, having originated $7,540,000 in loans.
AMCAP MORTGAGE, LTD. rounds out the top five with a 3.4% market share, having originated $4,155,000 in loans.
Mortgage Market Share & Volume
In Nacogdoches, TX, Commercial Bank of Texas holds the top spot with 20.1% market share, outpacing its competitors.
The top lender in Nacogdoches is Commercial Bank of Texas, with 20.1% market share.
BancorpSouth comes in second with 8.7% market share, having originated $10,810,000 in loans.
Austin Bank, Texas, also has 8.7% market share, having originated $10,745,000 in loans.
QUICKEN LOANS, LLC, takes fourth place with 6.1% market share, having originated $7,540,000 in loans.
AMCAP MORTGAGE, LTD., rounds out the top five with 3.4% market share, having originated $4,155,000 in loans.
Loan Sizing
Loan Sizing is a crucial aspect of the market, and Nacogdoches's data offers some fascinating insights. The city's loan sizing saw the bucket of loans from $100k-200k with 220 originations.
This particular range accounted for the most originations, with a total value of $32,650,000 in origination value. The average loan size in this range was $148,409.
Breaking down the loan sizes further, we can see that loans in the $200k-400k range had a total value of $53,830,000, with an average loan size of $274,643. Loans under $100,000 had a total value of $8,445,000, with an average loan size of $66,496.
Here's a summary of the loan sizes and their corresponding originations:
These numbers give us a clear picture of the loan sizes and their corresponding values in Nacogdoches.
Featured Images: pexels.com