Concordia Bank And Trust Company Mortgage Rates, Fees & Info
Vidalia, LALEI: 254900B631B05UVLUA59
Tax ID: 72-0158690
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Mortgage Data
Review & Overview
Concordia Bank And Trust Company is a smaller bank specializing in Refi and Home Purchase loans. Concordia Bank And Trust Company has a high proportion of conventional loans. Their top markets by origination volume include: Natchez, Baton Rouge, New Orleans, Brookhaven, and Nashville among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)Concordia Bank And Trust Company 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.
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Originations
165Origination Dollar Volume (All Markets)
$27,785,000Top 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 |
|---|---|---|---|---|---|
| Natchez, MS-LA (FHA|USDA|VA) | 110 | $12,880,000 | $117,091 | $0 | 0.00% |
| BATON ROUGE, LA (FHA|USDA|VA) | 24 | $8,220,000 | $342,500 | $0 | 0.00% |
| Outside of Metro Areas | 22 | $4,350,000 | $197,727 | $0 | 0.00% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 4 | $1,490,000 | $372,500 | $0 | 0.00% |
| Brookhaven, MS (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $0 | 0.00% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 0.00% |
| Oxford, MS (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 0.00% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 165 | $27,785,000 | $168,394 | $0 | 0.00% |
For 2023, Concordia Bank And Trust Company's most frequently originated type of loan was Conventional, with 165 originations.
Loan Reason
For 2023, Concordia Bank And Trust Company's most frequently cited loan purpose was Refi, with 82 originations. The 2nd most popular reason was Home Purchase, with 58 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 165 | $27,785,000 | $168,394 | $0 | 0.00% |
For 2023, Concordia Bank And Trust Company's most frequently cited loan duration was Other, with 165 originations.
Loan Sizing
2023 saw Concordia Bank And Trust Company place emphasis on $100,000 or less loans with 95 originations, totaling $4,505,000 in origination value.
Applicant Income
Concordia Bank And Trust Company lent most frequently to those with incomes in the $50k or less range, with 32 originations. The second most popular income band? $50k-75k, with 24 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 165 | $27,785,000 | $168,394 | $0 | 0.00% |
Concordia Bank And Trust Company lent most frequently to those with DTI ratios of Exempt%, with 165 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications86.78%
Concordia Bank And Trust Company has an average approval rate.
Pick Rate
Approvals leading to origination80.61%
Concordia Bank And Trust Company has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 165 | $27,785,000 | $168,394 |