Bank Of Erath Mortgage Rates, Fees & Info
Erath, LALEI: 25490029ZGGK0O5HP605
Tax ID: 72-0124900
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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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 markets by origination volume include: Lafayette, Baton Rouge, and Opelousas among others. We have data for 3 markets. (Some data included below & more in-depth data is available with an active subscription.)Bank Of Erath has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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Originations
66Origination Dollar Volume (All Markets)
$4,920,000Top 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) | 64 | $4,650,000 | $72,656 | $0 | 0.00% |
| BATON ROUGE, LA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 0.00% |
| Opelousas, LA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 66 | $4,920,000 | $74,545 | $0 | 0.00% |
For 2023, Bank Of Erath's most frequently originated type of loan was Conventional, with 66 originations.
Loan Reason
For 2023, Bank Of Erath's most frequently cited loan purpose was Refi, with 33 originations. The 2nd most popular reason was Home Purchase, with 10 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 66 | $4,920,000 | $74,545 | $0 | 0.00% |
For 2023, Bank Of Erath's most frequently cited loan duration was Other, with 66 originations.
Loan Sizing
2023 saw Bank Of Erath place emphasis on $100,000 or less loans with 53 originations, totaling $2,205,000 in origination value.
Applicant Income
Bank Of Erath lent most frequently to those with incomes in the $50k or less range, with 18 originations. The second most popular income band? $50k-75k, with 12 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 66 | $4,920,000 | $74,545 | $0 | 0.00% |
Bank Of Erath lent most frequently to those with DTI ratios of Exempt%, with 66 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications90.36%
Bank Of Erath has an average approval rate.
Pick Rate
Approvals leading to origination86.36%
Bank Of Erath has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 66 | $4,920,000 | $74,545 |