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

Ville Platte, LA

LEI: 254900R51FSMCPO6HB07

Tax ID: 72-0180410

3.9 stars - Updated: 6/16/24 - out of 5 stars, based on 20 reviews

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

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, Lake Charles, Lafayette, Opelousas, and Fort Polk South among others. We have data for 14 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% 6/16/24
30 Year Conventional Refi 8.01% 6/16/24
30 Year FHA Purchase 6.27% 6/16/24
30 Year USDA Purchase 6.27% 6/16/24
15 Year Conventional Purchase 7.66% 6/16/24
15 Year Conventional Refi 7.55% 6/16/24
15 Year Cash-out Refi 7.55% 6/16/24
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.

The Evangeline Bank & Trust Company Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from The Evangeline Bank & Trust Company. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

391

Origination Dollar Volume (All Markets)

$60,745,000

Awards

The Evangeline Bank & Trust Company 30 Year Conventional Loans gold
Show all (1) awards

Relative Rate

The Evangeline Bank & Trust Company's average 30 year fixed mortgage rate was 9.23%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of 2.75%.

Relative Fees (Closing Costs)

The Evangeline Bank & Trust Company's average total fees/closing costs for a 30 year fixed rate mortgage were $1,858.

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 $9,089.

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) 97 $16,995,000 $175,206 $1,482 8.70%
LAKE CHARLES, LA (FHA|USDA|VA) 73 $16,415,000 $224,863 $1,923 8.50%
LAFAYETTE, LA (FHA|USDA|VA) 54 $10,340,000 $191,481 $1,468 8.46%
Outside of Metro Areas 100 $7,980,000 $79,800 $1,442 9.10%
Opelousas, LA (FHA|USDA|VA) 29 $3,475,000 $119,828 $1,600 9.23%
Fort Polk South, LA (FHA|USDA|VA) 9 $1,595,000 $177,222 $2,478 8.44%
BATON ROUGE, LA (FHA|USDA|VA) 8 $1,560,000 $195,000 $0 8.41%
Natchitoches, LA (FHA|USDA|VA) 7 $905,000 $129,286 $1,347 9.29%
DeRidder, LA (FHA|USDA|VA) 5 $675,000 $135,000 $1,211 8.00%
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 2 $180,000 $90,000 $0 8.88%
GULFPORT-BILOXI, MS (FHA|USDA|VA) 1 $165,000 $165,000 $0 8.25%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 1 $165,000 $165,000 $0 7.90%
Morgan City, LA (FHA|USDA|VA) 3 $155,000 $51,667 $0 8.33%
SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) 2 $140,000 $70,000 $0 8.35%
The Evangeline Bank & Trust Company's top markets include Alexandria, Lake Charles, Lafayette, Opelousas, and Fort Polk South among others.

Their top states include:
  • Louisiana (FHA|USDA|VA)
  • Mississippi (FHA|USDA|VA)
  • Nevada (FHA|USDA|VA)
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 391 $60,745,000 $155,358 $1,546 8.75%

    For 2023, The Evangeline Bank & Trust Company's most frequently originated type of loan was Conventional, with 391 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 203 $29,915,000 $147,365 $1,933 8.62%
    Refi 138 $27,850,000 $201,812 $883 8.88%
    Home Improvement 35 $2,295,000 $65,571 $1,733 8.75%
    Other 15 $685,000 $45,667 $1,725 9.38%

    For 2023, The Evangeline Bank & Trust Company's most frequently cited loan purpose was Home Purchase, with 203 originations. The 2nd most popular reason was Refi, with 138 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    5 Year 124 $23,800,000 $191,935 $723 8.57%
    15 Year 84 $6,610,000 $78,690 $1,746 9.30%
    20 Year 54 $9,000,000 $166,667 $1,038 8.53%
    1 Year 41 $5,745,000 $140,122 $2,415 8.20%
    30 Year 32 $7,610,000 $237,813 $1,858 9.23%
    Other 30 $5,310,000 $177,000 $1,254 8.48%
    10 Year 20 $1,390,000 $69,500 $1,471 9.26%
    3 Year 6 $1,280,000 $213,333 $0 7.75%

    For 2023, The Evangeline Bank & Trust Company's most frequently cited loan duration was 5 Year, with 124 originations. The 2nd most popular length was 15 Year, with 84 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 126 $17,370,000 $137,857

    The Evangeline Bank & Trust Company's average total fees were $1,858, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 126 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    Over 8% 247 $29,565,000 $119,696
    7-8% 136 $28,570,000 $210,074
    6-7% 7 $2,325,000 $332,143
    4-5% 1 $285,000 $285,000

    During 2023, The Evangeline Bank & Trust Company's average interest rate for loans was 9.23%, while their most frequently originated rate bucket for loans was Over 8%, with 247 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 240 $12,930,000 $53,875 $1,499 8.96%
    $100k-200k 84 $11,520,000 $137,143 $1,311 8.53%
    $200k-400k 43 $11,195,000 $260,349 $1,649 8.40%
    $400k-600k 12 $5,550,000 $462,500 $1,017 7.96%
    $600k-1MM 7 $4,895,000 $699,286 $5,354 8.61%
    $1MM+ 5 $14,655,000 $2,931,000 $336 7.65%

    2023 saw The Evangeline Bank & Trust Company place emphasis on $100,000 or less loans with 240 originations, totaling $12,930,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 54 $4,490,000 $83,148 $1,403 9.13%
    $100k-150k 43 $3,785,000 $88,023 $1,419 9.02%
    $50k or less 43 $2,225,000 $51,744 $1,586 9.60%
    $75k-100k 32 $3,220,000 $100,625 $1,490 9.17%
    $150k-250k 30 $4,610,000 $153,667 $1,823 8.86%
    $250k+ 18 $5,820,000 $323,333 $2,243 8.19%

    The Evangeline Bank & Trust Company lent most frequently to those with incomes in the $50k-75k range, with 54 originations. The second most popular income band? $100k-150k, with 43 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 32 $3,350,000 $104,688 $1,577 9.36%
    <20% 25 $3,755,000 $150,200 $1,716 9.07%
    30-36% 17 $2,575,000 $151,471 $1,818 9.68%
    50-60% 11 $1,735,000 $157,727 $1,132 9.25%
    >60% 9 $1,715,000 $190,556 $1,061 8.75%
    44% 5 $475,000 $95,000 $1,678 10.05%
    40% 5 $335,000 $67,000 $2,027 9.20%
    43% 4 $490,000 $122,500 $1,244 8.88%
    46% 4 $830,000 $207,500 $2,064 8.69%
    47% 4 $320,000 $80,000 $1,710 10.31%
    38% 3 $225,000 $75,000 $1,068 9.50%
    42% 3 $175,000 $58,333 $1,511 10.58%
    45% 3 $675,000 $225,000 $856 9.00%
    49% 3 $575,000 $191,667 $1,924 8.67%
    39% 2 $160,000 $80,000 $936 8.88%
    48% 2 $40,000 $20,000 $0 9.25%
    36% 2 $100,000 $50,000 $1,399 9.25%
    41% 2 $90,000 $45,000 $1,467 9.50%
    37% 1 $65,000 $65,000 $2,086 7.75%

    The Evangeline Bank & Trust Company lent most frequently to those with DTI ratios of 20-30%, with 32 originations. The next most common DTI ratio? <20%, with 25 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 166 $36,250,000 $218,373 $0 8.30%
    White 185 $20,695,000 $111,865 $1,604 9.02%
    Black 38 $3,730,000 $98,158 $1,300 9.50%
    Asian 1 $45,000 $45,000 $686 8.00%
    Asian Indian 1 $25,000 $25,000 $0 7.25%

    Approval Rates

    Total approvals of all applications
    94.82%

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

    Pick Rate

    Approvals leading to origination
    82.86%

    The Evangeline Bank & Trust Company has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 391 $60,745,000 $155,358

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    391 $60,745,000 $155,358

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 49 $5,435,000 $110,918 $1,303 8.75%
    40-60% 80 $18,180,000 $227,250 $1,887 9.15%
    60-80% 136 $22,960,000 $168,824 $1,404 8.61%
    80-100% 83 $11,775,000 $141,867 $1,710 8.73%
    Over 100% 2 $680,000 $340,000 $0 7.75%
    Under 20% 41 $1,715,000 $41,829 $1,222 8.58%