The Evangeline Bank & Trust Company Mortgage Rates, Fees & Info
Ville Platte, LALEI: 254900R51FSMCPO6HB07
Tax ID: 72-0180410
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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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 7.69% | 11/17/24 |
| 30 Year Conventional Refi | 8.01% | 11/17/24 |
| 30 Year FHA Purchase | 6.27% | 11/17/24 |
| 30 Year USDA Purchase | 6.27% | 11/17/24 |
| 15 Year Conventional Purchase | 7.66% | 11/17/24 |
| 15 Year Conventional Refi | 7.55% | 11/17/24 |
| 15 Year Cash-out Refi | 7.55% | 11/17/24 |
| 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
391Origination Dollar Volume (All Markets)
$60,745,000Awards
The Evangeline Bank & Trust Company - 2023
The Evangeline Bank & Trust Company is a 2023 , due to their low .
For 2023, less than of lenders were eligible for this award.
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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% |
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.
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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
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
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
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
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
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
Approval Rates
Total approvals of all applications94.82%
The Evangeline Bank & Trust Company has an average approval rate.
Pick Rate
Approvals leading to origination82.86%
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 |