The Cottonport Bank Mortgage Rates, Fees & Info
Cottonport, LALEI: 254900E9OABDJHASZ507
Tax ID: 72-0161140
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
The Cottonport Bank is a smaller bank specializing in Home Purchase and Refi loans. The Cottonport Bank has a high proportion of conventional loans. Their top markets by origination volume include: Baton Rouge, Lafayette, Seattle, Alexandria, and New Orleans among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)The Cottonport Bank has an average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.
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Originations
182Origination Dollar Volume (All Markets)
$28,870,000Top 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 |
|---|---|---|---|---|---|
| BATON ROUGE, LA (FHA|USDA|VA) | 58 | $12,220,000 | $210,690 | $0 | 0.00% |
| Outside of Metro Areas | 96 | $8,750,000 | $91,146 | $0 | 0.00% |
| LAFAYETTE, LA (FHA|USDA|VA) | 11 | $3,645,000 | $331,364 | $0 | 0.00% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 1 | $1,245,000 | $1,245,000 | $0 | 0.00% |
| ALEXANDRIA, LA (FHA|USDA|VA) | 5 | $1,015,000 | $203,000 | $0 | 0.00% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 2 | $760,000 | $380,000 | $0 | 0.00% |
| Opelousas, LA (FHA|USDA|VA) | 6 | $690,000 | $115,000 | $0 | 0.00% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 0.00% |
| MOBILE, AL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 0.00% |
| Natchez, MS-LA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 182 | $28,870,000 | $158,626 | $0 | 0.00% |
For 2022, The Cottonport Bank's most frequently originated type of loan was Conventional, with 182 originations.
Loan Reason
For 2022, The Cottonport Bank's most frequently cited loan purpose was Home Purchase, with 85 originations. The 2nd most popular reason was Refi, with 74 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 182 | $28,870,000 | $158,626 | $0 | 0.00% |
For 2022, The Cottonport Bank's most frequently cited loan duration was Other, with 182 originations.
Loan Sizing
2022 saw The Cottonport Bank place emphasis on $100,000 or less loans with 92 originations, totaling $4,190,000 in origination value.
Applicant Income
The Cottonport Bank lent most frequently to those with incomes in the $50k or less range, with 37 originations. The second most popular income band? $50k-75k, with 30 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 182 | $28,870,000 | $158,626 | $0 | 0.00% |
The Cottonport Bank lent most frequently to those with DTI ratios of Exempt%, with 182 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications88.02%
The Cottonport Bank has an average approval rate.
Pick Rate
Approvals leading to origination95.05%
The Cottonport Bank has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 182 | $28,870,000 | $158,626 |