Sabine State Bank And Trust Company Mortgage Rates, Fees & Info
Many, LALEI: 254900GNK8YXIZQ6LW40
Tax ID: 72-0306740
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Mortgage Data
Review & Overview
Sabine State Bank And Trust Company is a smaller bank specializing in Home Purchase 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% | 11/22/24 |
| 30 Year Conventional Refi | 6.53% | 11/22/24 |
| 30 Year Cash-out Refi | 7.23% | 11/22/24 |
| 30 Year FHA Purchase | 7.19% | 11/22/24 |
| 30 Year FHA Refi | 7.74% | 11/22/24 |
| 30 Year VA Purchase | 6.10% | 11/22/24 |
| 30 Year VA Refi | 6.27% | 11/22/24 |
| 30 Year USDA Purchase | 6.80% | 11/22/24 |
| 15 Year Conventional Purchase | 6.49% | 11/22/24 |
| 15 Year Conventional Refi | 6.01% | 11/22/24 |
| 15 Year Cash-out Refi | 6.01% | 11/22/24 |
| 15 Year VA Purchase | 5.68% | 11/22/24 |
| 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. | ||
Sabine State Bank And Trust Company Mortgage Calculator
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This is not an official calculator from Sabine State Bank And Trust Company. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
413Origination Dollar Volume (All Markets)
$76,205,000Top 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 |
|---|---|---|---|---|---|
| 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% |
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.
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Product Mix
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
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
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
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
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
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
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
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
Approval Rates
Total approvals of all applications88.05%
Sabine State Bank And Trust Company has an average approval rate.
Pick Rate
Approvals leading to origination72.88%
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 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2022 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| SFMC L.P. | Conventional home mortgage | Closing on a mortgage | 1 | 100.0% |