Bank Of Erath Mortgage Rates, Fees & Info
Erath, LALEI: 25490029ZGGK0O5HP605
Tax ID: 72-0124900
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Bank Of Erath is a smaller bank specializing in Refi loans. Bank Of Erath has a high proportion of conventional loans. Their top (well, only) market is Lafayette.Bank Of Erath has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.
Originations
42Origination Dollar Volume (All Markets)
$3,360,000Top Markets
Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| LAFAYETTE, LA (FHA|USDA|VA) | 42 | $3,360,000 | $80,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 42 | $3,360,000 | $80,000 | $0 | 0.00% |
For 2024, Bank Of Erath's most frequently originated type of loan was Conventional, with 42 originations.
Loan Reason
For 2024, Bank Of Erath's most frequently cited loan purpose was Refi, with 29 originations. The 2nd most popular reason was Home Purchase, with 5 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 42 | $3,360,000 | $80,000 | $0 | 0.00% |
For 2024, Bank Of Erath's most frequently cited loan duration was Other, with 42 originations.
Loan Sizing
2024 saw Bank Of Erath place emphasis on $100,000 or less loans with 34 originations, totaling $1,570,000 in origination value.
Applicant Income
Bank Of Erath lent most frequently to those with incomes in the $50k or less range, with 11 originations. The second most popular income band? $100k-150k, with 8 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 42 | $3,360,000 | $80,000 | $0 | 0.00% |
Bank Of Erath lent most frequently to those with DTI ratios of Exempt%, with 42 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 31 | $2,335,000 | $75,323 | $0 | 0.00% |
| Not applicable | 6 | $850,000 | $141,667 | $0 | 0.00% |
| Black | 5 | $175,000 | $35,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications87.50%
Bank Of Erath has an average approval rate.
Pick Rate
Approvals leading to origination83.33%
Bank Of Erath has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 42 | $3,360,000 | $80,000 |