Bank Of Zachary Mortgage Rates, Fees & Info
Zachary, LALEI: 254900J71IJLMJZJV608
Tax ID: 72-0125130
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Bank Of Zachary is a smaller bank specializing in Home Purchase and Refi loans. Bank Of Zachary has a high proportion of conventional loans. Their top markets by origination volume include: Baton Rouge, Daphne, Lafayette, Jackson, and Nashville among others. We have data for 11 markets. (Some data included below & more in-depth data is available with an active subscription.)Bank Of Zachary has an above 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
140Origination Dollar Volume (All Markets)
$29,140,000Top 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) | 120 | $23,930,000 | $199,417 | $0 | 0.00% |
| Outside of Metro Areas | 7 | $1,915,000 | $273,571 | $0 | 0.00% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 1 | $665,000 | $665,000 | $0 | 0.00% |
| LAFAYETTE, LA (FHA|USDA|VA) | 4 | $630,000 | $157,500 | $0 | 0.00% |
| JACKSON, MS (FHA|USDA|VA) | 1 | $555,000 | $555,000 | $0 | 0.00% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $0 | 0.00% |
| LAKE CHARLES, LA (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $0 | 0.00% |
| GULFPORT-BILOXI, MS (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 0.00% |
| SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 0.00% |
| ALEXANDRIA, LA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 0.00% |
| HAMMOND, LA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 140 | $29,140,000 | $208,143 | $0 | 0.00% |
For 2022, Bank Of Zachary's most frequently originated type of loan was Conventional, with 140 originations.
Loan Reason
For 2022, Bank Of Zachary's most frequently cited loan purpose was Home Purchase, with 77 originations. The 2nd most popular reason was Refi, with 45 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 140 | $29,140,000 | $208,143 | $0 | 0.00% |
For 2022, Bank Of Zachary's most frequently cited loan duration was Other, with 140 originations.
Loan Sizing
2022 saw Bank Of Zachary place emphasis on $100k-200k loans with 47 originations, totaling $7,135,000 in origination value.
Applicant Income
Bank Of Zachary lent most frequently to those with incomes in the $100k-150k range, with 25 originations. The second most popular income band? $150k-250k, with 18 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 140 | $29,140,000 | $208,143 | $0 | 0.00% |
Bank Of Zachary lent most frequently to those with DTI ratios of Exempt%, with 140 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.80%
Bank Of Zachary has an average approval rate.
Pick Rate
Approvals leading to origination82.86%
Bank Of Zachary has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 140 | $29,140,000 | $208,143 |
Complaints
| Bank Name | Product | Issue | 2022 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| BANK OF AMERICA, NATIONAL ASSOCIATION | Home equity loan or line of credit (HELOC) | Trouble during payment process | 1 | 6.7% |
| BANK OF AMERICA, NATIONAL ASSOCIATION | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 3 | 20.0% |
| BANK OF AMERICA, NATIONAL ASSOCIATION | Conventional home mortgage | Closing on a mortgage | 1 | 6.7% |
| BANK OF AMERICA, NATIONAL ASSOCIATION | Conventional home mortgage | Struggling to pay mortgage | 1 | 6.7% |
| BANK OF AMERICA, NATIONAL ASSOCIATION | Conventional home mortgage | Trouble during payment process | 7 | 46.7% |
| BANK OF AMERICA, NATIONAL ASSOCIATION | FHA mortgage | Struggling to pay mortgage | 1 | 6.7% |
| BANK OF AMERICA, NATIONAL ASSOCIATION | Home equity loan or line of credit (HELOC) | Struggling to pay mortgage | 1 | 6.7% |