The Evangeline Bank & Trust Company Mortgage Rates, Fees & Info

Ville Platte, LA

LEI: 254900R51FSMCPO6HB07

Tax ID: 72-0180410

5 stars - out of 5 stars, based on 24 reviews

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

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Mortgage Data

  • SimulatedRates™
  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    The Evangeline Bank & Trust Company is a smaller bank specializing in Home Purchase and Refi loans. The Evangeline Bank & Trust Company has a high proportion of conventional loans. Their top markets by origination volume include: Alexandria, Lafayette, Lake Charles, Opelousas, and Baton Rouge among others. We have data for 15 markets. (Some data included below & more in-depth data is available with an active subscription.)

    The Evangeline Bank & Trust Company 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. The Evangeline Bank & Trust Company is typically a low 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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.


    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 7.69% 3/27/23
    30 Year Conventional Refi 8.01% 3/27/23
    30 Year FHA Purchase 6.27% 3/27/23
    30 Year USDA Purchase 6.27% 3/27/23
    15 Year Conventional Purchase 7.66% 3/27/23
    15 Year Conventional Refi 7.55% 3/27/23
    15 Year Cash-out Refi 7.55% 3/27/23
    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

    584

    Origination Dollar Volume (All Markets)

    $102,210,000

    Awards

    The Evangeline Bank & Trust Company 30 Year Conventional Loans gold The Evangeline Bank & Trust Company 30 Year Conventional Loans gold The Evangeline Bank & Trust Company 30 Year Conventional Loans gold The Evangeline Bank & Trust Company 30 Year Conventional Loans gold
    Show all (4) awards

    Relative Rate

    The Evangeline Bank & Trust Company's average 30 year fixed mortgage rate was 6.09%.

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

    This yields a difference of 1.33%.

    Relative Fees (Closing Costs)

    The Evangeline Bank & Trust Company's average total fees/closing costs for a 30 year fixed rate mortgage were $1,730.

    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
    ALEXANDRIA, LA (FHA|USDA|VA) 200 $23,380,000 $116,900 $1,752 6.12%
    LAFAYETTE, LA (FHA|USDA|VA) 62 $20,770,000 $335,000 $1,657 5.43%
    LAKE CHARLES, LA (FHA|USDA|VA) 100 $19,930,000 $199,300 $1,930 5.79%
    Outside of Metro Areas 130 $15,180,000 $116,769 $1,432 5.86%
    Opelousas, LA (FHA|USDA|VA) 26 $7,240,000 $278,462 $2,223 5.99%
    BATON ROUGE, LA (FHA|USDA|VA) 18 $6,920,000 $384,444 $3,851 5.28%
    Fort Polk South, LA (FHA|USDA|VA) 13 $2,925,000 $225,000 $1,655 6.46%
    DeRidder, LA (FHA|USDA|VA) 17 $2,375,000 $139,706 $1,422 6.12%
    FORT SMITH, AR-OK (FHA|USDA|VA) 1 $1,615,000 $1,615,000 $0 4.00%
    Morgan City, LA (FHA|USDA|VA) 8 $800,000 $100,000 $0 5.31%
    Jennings, LA (FHA|USDA|VA) 2 $330,000 $165,000 $1,249 5.25%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $255,000 $255,000 $4,042 8.75%
    SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) 4 $250,000 $62,500 $0 7.65%
    Natchitoches, LA (FHA|USDA|VA) 1 $185,000 $185,000 $0 5.25%
    NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 1 $55,000 $55,000 $0 7.75%
    The Evangeline Bank & Trust Company's top markets include Alexandria, Lafayette, Lake Charles, Opelousas, and Baton Rouge among others.

    Their top states include:
  • Louisiana (FHA|USDA|VA)
  • Arkansas (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against The Evangeline Bank & 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
    BARKSDALE
    Similarity Rank: 704
    The Evangeline Bank & Trust Company
    Similarity Rank: 765
    Sabine State Bank and Trust Company
    Similarity Rank: 1026
    TIB The Independent Bankersbank
    Similarity Rank: 1080
    Red River Bank
    Similarity Rank: 1530
    Merchants Bank of Indiana
    Similarity Rank: 1548
    Hancock Whitney Bank
    Similarity Rank: 1659
    VILLAGE CAPITAL MORTGAGE
    Similarity Rank: 4158

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 584 $102,210,000 $175,017 $1,690 5.91%

    For 2022, The Evangeline Bank & Trust Company's most frequently originated type of loan was Conventional, with 584 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 328 $63,030,000 $192,165 $2,038 5.85%
    Refi 206 $36,010,000 $174,806 $983 5.97%
    Home Improvement 38 $2,560,000 $67,368 $1,865 5.97%
    Other 12 $610,000 $50,833 $1,975 6.04%

    For 2022, The Evangeline Bank & Trust Company's most frequently cited loan purpose was Home Purchase, with 328 originations. The 2nd most popular reason was Refi, with 206 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    5 Year 167 $34,205,000 $204,820 $1,162 5.73%
    15 Year 93 $10,455,000 $112,419 $1,596 6.19%
    20 Year 89 $13,745,000 $154,438 $1,631 5.93%
    30 Year 69 $15,715,000 $227,754 $1,730 6.09%
    10 Year 58 $3,880,000 $66,897 $1,678 6.10%
    1 Year 55 $8,085,000 $147,000 $2,079 5.46%
    Other 36 $8,390,000 $233,056 $2,005 6.21%
    3 Year 17 $7,735,000 $455,000 $0 5.35%

    For 2022, The Evangeline Bank & Trust Company's most frequently cited loan duration was 5 Year, with 167 originations. The 2nd most popular length was 15 Year, with 93 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 183 $26,425,000 $144,399

    The Evangeline Bank & Trust Company's average total fees were $1,730, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 183 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 198 $42,600,000 $215,152
    5-6% 159 $28,055,000 $176,447
    6-7% 115 $18,105,000 $157,435
    7-8% 69 $7,335,000 $106,304
    Over 8% 35 $3,165,000 $90,429
    3-4% 8 $2,950,000 $368,750

    During 2022, The Evangeline Bank & Trust Company's average interest rate for loans was 6.09%, while their most frequently originated rate bucket for loans was 4-5%, with 198 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 302 $15,950,000 $52,815 $1,569 6.07%
    $100k-200k 160 $22,540,000 $140,875 $1,432 5.88%
    $200k-400k 75 $20,925,000 $279,000 $2,217 5.72%
    $600k-1MM 22 $15,860,000 $720,909 $3,961 5.24%
    $400k-600k 14 $6,770,000 $483,571 $1,487 5.40%
    $1MM+ 11 $20,165,000 $1,833,182 $0 4.98%

    2022 saw The Evangeline Bank & Trust Company place emphasis on $100,000 or less loans with 302 originations, totaling $15,950,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 70 $5,870,000 $83,857 $1,662 6.16%
    $50k or less 68 $4,740,000 $69,706 $1,758 6.25%
    $100k-150k 57 $7,205,000 $126,404 $1,497 6.26%
    $75k-100k 48 $5,370,000 $111,875 $1,611 5.89%
    $150k-250k 38 $5,770,000 $151,842 $1,621 5.94%
    $250k+ 29 $8,825,000 $304,310 $2,311 5.75%

    The Evangeline Bank & Trust Company lent most frequently to those with incomes in the $50k-75k range, with 70 originations. The second most popular income band? $50k or less, with 68 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 50 $6,020,000 $120,400 $1,463 6.02%
    <20% 47 $3,485,000 $74,149 $1,355 6.12%
    30-36% 27 $4,335,000 $160,556 $2,097 5.86%
    50-60% 11 $2,465,000 $224,091 $1,174 5.89%
    37% 8 $1,230,000 $153,750 $2,550 6.59%
    46% 7 $1,915,000 $273,571 $2,483 5.71%
    38% 7 $1,205,000 $172,143 $1,846 5.61%
    40% 6 $330,000 $55,000 $1,669 7.21%
    39% 6 $460,000 $76,667 $1,996 6.38%
    36% 6 $530,000 $88,333 $1,313 6.42%
    43% 6 $490,000 $81,667 $602 5.96%
    49% 6 $1,200,000 $200,000 $2,528 5.92%
    47% 6 $1,620,000 $270,000 $2,303 6.96%
    >60% 3 $415,000 $138,333 $1,674 5.92%
    41% 3 $355,000 $118,333 $1,841 7.00%
    45% 3 $245,000 $81,667 $1,599 5.92%
    44% 2 $540,000 $270,000 $2,858 7.38%
    42% 2 $140,000 $70,000 $1,334 5.75%

    The Evangeline Bank & Trust Company lent most frequently to those with DTI ratios of 20-30%, with 50 originations. The next most common DTI ratio? <20%, with 47 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 271 $64,015,000 $236,218 $0 5.69%
    White 277 $34,995,000 $126,336 $1,676 6.13%
    Black 29 $1,805,000 $62,241 $1,688 5.91%
    Asian 3 $605,000 $201,667 $2,885 5.42%
    Other Asian 1 $455,000 $455,000 $1,892 4.75%
    American Indian 3 $335,000 $111,667 $1,570 5.67%

    Approval Rates

    Total approvals of all applications
    94.64%

    The Evangeline Bank & Trust Company has an average approval rate.

    Pick Rate

    Approvals leading to origination
    85.10%

    The Evangeline Bank & Trust Company has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 584 $102,210,000 $175,017

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    584 $102,210,000 $175,017

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 73 $7,785,000 $106,644 $1,469 5.81%
    40-60% 92 $12,260,000 $133,261 $1,485 6.04%
    60-80% 212 $44,570,000 $210,236 $1,706 5.89%
    80-100% 166 $34,450,000 $207,530 $1,841 5.86%
    Over 100% 3 $975,000 $325,000 $0 6.75%
    Under 20% 38 $2,170,000 $57,105 $1,538 6.00%

    Complaints

    Bank Name Product Issue 2022 CPFB Complaints % of Total Issues
    TD BANK US HOLDING COMPANY Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 50.0%
    TD BANK US HOLDING COMPANY Conventional home mortgage Closing on a mortgage 1 50.0%