Bank Of Zachary Mortgage Rates, Fees & Info
Zachary, LALEI: 254900J71IJLMJZJV608
Tax ID: 72-0125130
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Mortgage Data
Review & Overview
Bank Of Zachary is a smaller bank specializing in Home Purchase loans. Bank Of Zachary has a high proportion of conventional loans. Their top markets by origination volume include: Baton Rouge, Orlando, Lafayette, and Shreveport among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)Bank Of Zachary 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
120Origination Dollar Volume (All Markets)
$28,020,000Top 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) | 113 | $26,165,000 | $231,549 | $0 | 0.00% |
| Outside of Metro Areas | 2 | $720,000 | $360,000 | $0 | 0.00% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $715,000 | $715,000 | $0 | 0.00% |
| LAFAYETTE, LA (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $0 | 0.00% |
| SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) | 2 | $180,000 | $90,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 120 | $28,020,000 | $233,500 | $0 | 0.00% |
For 2023, Bank Of Zachary's most frequently originated type of loan was Conventional, with 120 originations.
Loan Reason
For 2023, Bank Of Zachary's most frequently cited loan purpose was Home Purchase, with 68 originations. The 2nd most popular reason was Refi, with 31 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 120 | $28,020,000 | $233,500 | $0 | 0.00% |
For 2023, Bank Of Zachary's most frequently cited loan duration was Other, with 120 originations.
Loan Sizing
2023 saw Bank Of Zachary place emphasis on $100,000 or less loans with 37 originations, totaling $2,065,000 in origination value.
Applicant Income
Bank Of Zachary lent most frequently to those with incomes in the $100k-150k range, with 33 originations. The second most popular income band? $150k-250k, with 16 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 120 | $28,020,000 | $233,500 | $0 | 0.00% |
Bank Of Zachary lent most frequently to those with DTI ratios of Exempt%, with 120 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications89.88%
Bank Of Zachary has an average approval rate.
Pick Rate
Approvals leading to origination74.17%
Bank Of Zachary has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 120 | $28,020,000 | $233,500 |