Sabine State Bank And Trust Company Mortgage Rates, Fees & Info

Many, LA

LEI: 254900GNK8YXIZQ6LW40

Tax ID: 72-0306740

3.3 stars

Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Review & Overview

Sabine State Bank And Trust Company is a smaller bank specializing in loans. Sabine State Bank And Trust Company has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Lake Charles, Natchitoches, Alexandria, Fort Polk South, and Deridder among others. We have data for 27 markets. (Some data included below & more in-depth data is available with an active subscription.)

Sabine State 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. Sabine State Bank And Trust Company is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have relatively high rates.

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.

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SimulatedRates™ Mortgage Type	Simulated Rate	Simulation Date
30 Year Conventional Purchase	7.03%	3/30/23
30 Year Conventional Refi	6.53%	3/30/23
30 Year Cash-out Refi	7.23%	3/30/23
30 Year FHA Purchase	7.19%	3/30/23
30 Year FHA Refi	7.74%	3/30/23
30 Year VA Purchase	6.10%	3/30/23
30 Year VA Refi	6.27%	3/30/23
30 Year USDA Purchase	6.80%	3/30/23
15 Year Conventional Purchase	6.49%	3/30/23
15 Year Conventional Refi	6.01%	3/30/23
15 Year Cash-out Refi	6.01%	3/30/23
15 Year VA Purchase	5.68%	3/30/23
These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

Originations

413

Origination Dollar Volume (All Markets)

$76,205,000

Relative Rate

Sabine State Bank And Trust Company's average 30 year fixed mortgage rate was 5.34%.

The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

This yields a difference of 0.58%.

Relative Fees (Closing Costs)

Sabine State Bank And Trust Company's average total fees/closing costs for a 30 year fixed rate mortgage were $6,407.

The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $4,750.

Top 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
Outside of Metro Areas	196	$30,300,000	$154,592	$6,016	5.26%
LAKE CHARLES, LA (FHA\|USDA\|VA)	23	$10,835,000	$471,087	$4,887	5.73%
Natchitoches, LA (FHA\|USDA\|VA)	32	$6,280,000	$196,250	$6,789	5.53%
ALEXANDRIA, LA (FHA\|USDA\|VA)	39	$6,115,000	$156,795	$5,395	5.10%
Fort Polk South, LA (FHA\|USDA\|VA)	41	$5,945,000	$145,000	$5,513	5.60%
DeRidder, LA (FHA\|USDA\|VA)	28	$4,420,000	$157,857	$5,492	5.29%
LAFAYETTE, LA (FHA\|USDA\|VA)	14	$2,420,000	$172,857	$6,623	6.49%
BATON ROUGE, LA (FHA\|USDA\|VA)	7	$1,705,000	$243,571	$3,178	4.96%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA\|USDA\|VA)	1	$1,145,000	$1,145,000	$0	4.75%
SHREVEPORT-BOSSIER CITY, LA (FHA\|USDA\|VA)	7	$1,005,000	$143,571	$6,359	4.59%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA\|USDA\|VA)	2	$690,000	$345,000	$8,828	5.69%
RENO, NV (FHA\|USDA\|VA)	1	$625,000	$625,000	$10,809	4.00%
Lufkin, TX (FHA\|USDA\|VA)	2	$550,000	$275,000	$2,992	4.56%
COLLEGE STATION-BRYAN, TX (FHA\|USDA\|VA)	1	$535,000	$535,000	$0	5.75%
MONROE, LA (FHA\|USDA\|VA)	2	$420,000	$210,000	$6,484	5.88%
Jennings, LA (FHA\|USDA\|VA)	2	$400,000	$200,000	$6,110	4.88%
Natchez, MS-LA (FHA\|USDA\|VA)	2	$380,000	$190,000	$8,093	5.06%
LONGVIEW, TX (FHA\|USDA\|VA)	1	$365,000	$365,000	$12,300	4.25%
Opelousas, LA (FHA\|USDA\|VA)	3	$355,000	$118,333	$4,647	5.92%
LUBBOCK, TX (FHA\|USDA\|VA)	1	$305,000	$305,000	$7,659	6.50%
ODESSA, TX (FHA\|USDA\|VA)	1	$295,000	$295,000	$0	4.25%
JACKSONVILLE, NC (FHA\|USDA\|VA)	1	$295,000	$295,000	$9,593	3.50%
BEAUMONT-PORT ARTHUR, TX (FHA\|USDA\|VA)	2	$260,000	$130,000	$5,332	4.00%
HOT SPRINGS, AR (FHA\|USDA\|VA)	1	$185,000	$185,000	$4,627	5.75%
Minden, LA (FHA\|USDA\|VA)	1	$155,000	$155,000	$6,588	5.50%
Dallas-Fort Worth-Arlington, TX (FHA\|USDA\|VA)	1	$115,000	$115,000	$0	4.25%
GREENSBORO-HIGH POINT, NC (FHA\|USDA\|VA)	1	$105,000	$105,000	$3,918	4.00%

Sabine State Bank And Trust Company's top markets include Lake Charles, Natchitoches, Alexandria, Fort Polk South, and Deridder among others.

Their top states include:

Louisiana (FHA|USDA|VA)

Texas (FHA|USDA|VA)

Florida (FHA|USDA|VA)

Nevada (FHA|USDA|VA)

North Carolina (FHA|USDA|VA)

Similar Lenders

We use machine learning to identify the top lenders compared against Sabine State Bank and Trust Company based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

STANDARD MORTGAGE CORPORATION
Similarity Rank: 301

DSLD MORTGAGE, LLC
Similarity Rank: 399

The Evangeline Bank & Trust Company
Similarity Rank: 765

BARKSDALE
Similarity Rank: 1034

Renasant Bank
Similarity Rank: 1048

TIB The Independent Bankersbank
Similarity Rank: 1080

Sabine State Bank and Trust Company
Similarity Rank: 1242

Red River Bank
Similarity Rank: 1530

Merchants Bank of Indiana
Similarity Rank: 1548

Hancock Whitney Bank
Similarity Rank: 1659

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	321	$60,555,000	$188,645	$5,139	5.47%
USDA	49	$6,505,000	$132,755	$6,118	4.83%
FHA	37	$7,665,000	$207,162	$9,420	5.09%
VA	6	$1,480,000	$246,667	$6,548	4.25%

For 2022, Sabine State Bank And Trust Company's most frequently originated type of loan was Conventional, with 321 originations. Their 2nd most popular type was USDA, with 49 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Home Purchase	308	$61,200,000	$198,701	$6,413	5.43%
Refi	57	$9,515,000	$166,930	$5,050	4.99%
Cash Out Refi	27	$3,585,000	$132,778	$4,831	5.10%
Other	15	$1,595,000	$106,333	$4,663	4.71%
Home Improvement	6	$310,000	$51,667	$0	6.63%

For 2022, Sabine State Bank And Trust Company's most frequently cited loan purpose was Home Purchase, with 308 originations. The 2nd most popular reason was Refi, with 57 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
30 Year	251	$48,785,000	$194,363	$6,407	5.34%
20 Year	80	$13,070,000	$163,375	$4,648	5.55%
15 Year	49	$5,085,000	$103,776	$4,074	4.55%
Other	18	$6,080,000	$337,778	$4,605	6.40%
10 Year	6	$320,000	$53,333	$3,092	5.35%
3 Year	5	$1,085,000	$217,000	$0	6.25%
1 Year	2	$1,430,000	$715,000	$0	4.50%
5 Year	2	$350,000	$175,000	$0	4.68%

For 2022, Sabine State Bank And Trust Company's most frequently cited loan duration was 30 Year, with 251 originations. The 2nd most popular length was 20 Year, with 80 originations.

Origination Fees/Closing Costs

Origination Fee/Closing Cost	Originations	Total Value	Average Loan
$1k-2k	87	$7,525,000	$86,494
$2k-3k	73	$12,325,000	$168,836
$<1k	44	$7,100,000	$161,364
$3k-4k	30	$8,220,000	$274,000
$5k+	13	$5,805,000	$446,538
$4k-5k	12	$4,140,000	$345,000

Sabine State Bank And Trust Company's average total fees were $6,407, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 87 originations.

Interest Rates

Loan Rate	Originations	Total Value	Average Loan
4-5%	108	$22,670,000	$209,907
5-6%	107	$20,415,000	$190,794
6-7%	74	$12,490,000	$168,784
3-4%	61	$11,345,000	$185,984
7-8%	47	$6,545,000	$139,255
2.5-3%	13	$1,995,000	$153,462
<2.5%	2	$310,000	$155,000
Over 8%	1	$435,000	$435,000

During 2022, Sabine State Bank And Trust Company's average interest rate for loans was 5.34%, while their most frequently originated rate bucket for loans was 4-5%, with 108 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100k-200k	172	$24,810,000	$144,244	$5,730	5.31%
$100,000 or less	128	$8,520,000	$66,563	$3,971	5.48%
$200k-400k	89	$24,295,000	$272,978	$7,685	5.18%
$400k-600k	16	$7,740,000	$483,750	$10,833	5.43%
$1MM+	5	$8,615,000	$1,723,000	$0	5.45%
$600k-1MM	3	$2,225,000	$741,667	$11,093	4.92%

2022 saw Sabine State Bank And Trust Company place emphasis on $100k-200k loans with 172 originations, totaling $24,810,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100k-150k	80	$16,300,000	$203,750	$6,965	5.24%
$50k or less	73	$7,155,000	$98,014	$4,639	5.02%
$50k-75k	70	$9,420,000	$134,571	$5,853	5.22%
$75k-100k	48	$8,020,000	$167,083	$6,297	5.25%
$150k-250k	39	$9,265,000	$237,564	$6,963	5.32%
$250k+	13	$3,505,000	$269,615	$7,321	5.65%

Sabine State Bank And Trust Company lent most frequently to those with incomes in the $100k-150k range, with 80 originations. The second most popular income band? $50k or less, with 73 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
30-36%	54	$8,810,000	$163,148	$5,677	4.94%
20-30%	54	$7,260,000	$134,444	$5,078	5.04%
<20%	20	$3,470,000	$173,500	$4,782	4.73%
39%	18	$3,290,000	$182,778	$6,167	4.78%
36%	16	$3,400,000	$212,500	$6,719	4.85%
44%	13	$2,045,000	$157,308	$5,873	4.81%
37%	11	$2,345,000	$213,182	$6,590	5.52%
40%	10	$1,310,000	$131,000	$5,535	4.51%
41%	10	$1,910,000	$191,000	$5,689	5.60%
50-60%	8	$1,660,000	$207,500	$8,841	5.58%
38%	8	$1,480,000	$185,000	$5,758	4.44%
42%	8	$1,060,000	$132,500	$6,172	5.52%
43%	8	$1,640,000	$205,000	$6,325	4.88%
49%	7	$1,665,000	$237,857	$10,155	5.02%
46%	6	$1,720,000	$286,667	$7,792	4.90%
47%	4	$790,000	$197,500	$5,325	3.88%
45%	4	$1,250,000	$312,500	$8,476	4.53%
48%	3	$325,000	$108,333	$5,364	6.29%

Sabine State Bank And Trust Company lent most frequently to those with DTI ratios of 30-36%, with 54 originations. The next most common DTI ratio? 20-30%, with 54 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	288	$48,000,000	$166,667	$5,982	5.14%
Not applicable	82	$21,740,000	$265,122	$0	5.88%
Black	25	$3,455,000	$138,200	$5,707	5.71%
Not provided	8	$1,600,000	$200,000	$11,560	6.06%
Asian	4	$710,000	$177,500	$6,046	5.59%
American Indian	5	$475,000	$95,000	$4,727	4.33%
Native Hawaiian or Islander	1	$225,000	$225,000	$6,834	6.25%

Approval Rates

Total approvals of all applications
88.05%

Sabine State Bank And Trust Company has an average approval rate.

Pick Rate

Approvals leading to origination
72.88%

Sabine State Bank And Trust Company has a below average pick rate.

Points and Fees

Points	Originations	Total Value	Average Loan
NA	413	$76,205,000	$184,516

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
	413	$76,205,000	$184,516

LTV Distribution

Loan to Value	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-40%	24	$3,280,000	$136,667	$3,455	5.09%
40-60%	36	$7,360,000	$204,444	$4,836	5.06%
60-80%	130	$20,130,000	$154,846	$5,797	5.43%
80-100%	209	$43,935,000	$210,215	$6,535	5.37%
Over 100%	4	$740,000	$185,000	$6,552	4.50%
Under 20%	10	$760,000	$76,000	$4,814	5.53%

Complaints

Bank Name	Product	Issue	2022 CPFB Complaints	% of Total Issues
SFMC L.P.	Conventional home mortgage	Closing on a mortgage	1	100.0%