The Bank Of Lafayette Georgia Mortgage Rates, Fees & Info

LaFayette, GA

LEI: 254900VXGQ0PJJBNKA66

Tax ID: 58-0152920

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

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • 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 Bank Of Lafayette Georgia is a smaller bank specializing in Home Purchase and Refi loans. The Bank Of Lafayette Georgia has a high proportion of conventional loans. Their top markets by origination volume include: Chattanooga, Summerville, and Dalton among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

    The Bank Of Lafayette Georgia has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.

    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.

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    Originations

    157

    Origination Dollar Volume (All Markets)

    $26,255,000

    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
    CHATTANOOGA, TN-GA (FHA|USDA|VA) 133 $21,655,000 $162,820 $0 0.00%
    Summerville, GA (FHA|USDA|VA) 17 $2,685,000 $157,941 $0 0.00%
    DALTON, GA (FHA|USDA|VA) 6 $1,660,000 $276,667 $0 0.00%
    Outside of Metro Areas 1 $255,000 $255,000 $0 0.00%
    The Bank Of Lafayette Georgia's top markets include Chattanooga, Summerville, and Dalton among others.

    Their top states include:
  • Georgia (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)
  • Montana (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 157 $26,255,000 $167,229 $0 0.00%

    For 2023, The Bank Of Lafayette Georgia's most frequently originated type of loan was Conventional, with 157 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 83 $17,025,000 $205,120 $0 0.00%
    Refi 46 $7,030,000 $152,826 $0 0.00%
    Other 15 $1,315,000 $87,667 $0 0.00%
    Home Improvement 13 $885,000 $68,077 $0 0.00%

    For 2023, The Bank Of Lafayette Georgia's most frequently cited loan purpose was Home Purchase, with 83 originations. The 2nd most popular reason was Refi, with 46 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 157 $26,255,000 $167,229 $0 0.00%

    For 2023, The Bank Of Lafayette Georgia's most frequently cited loan duration was Other, with 157 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 70 $3,830,000 $54,714 $0 0.00%
    $100k-200k 43 $6,495,000 $151,047 $0 0.00%
    $200k-400k 33 $9,235,000 $279,848 $0 0.00%
    $400k-600k 8 $3,790,000 $473,750 $0 0.00%
    $600k-1MM 2 $1,660,000 $830,000 $0 0.00%
    $1MM+ 1 $1,245,000 $1,245,000 $0 0.00%

    2023 saw The Bank Of Lafayette Georgia place emphasis on $100,000 or less loans with 70 originations, totaling $3,830,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 39 $8,055,000 $206,538 $0 0.00%
    $50k-75k 34 $3,360,000 $98,824 $0 0.00%
    $50k or less 28 $2,520,000 $90,000 $0 0.00%
    $75k-100k 25 $3,755,000 $150,200 $0 0.00%
    $150k-250k 17 $4,095,000 $240,882 $0 0.00%
    $250k+ 2 $990,000 $495,000 $0 0.00%

    The Bank Of Lafayette Georgia lent most frequently to those with incomes in the $100k-150k range, with 39 originations. The second most popular income band? $50k-75k, with 34 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 157 $26,255,000 $167,229 $0 0.00%

    The Bank Of Lafayette Georgia lent most frequently to those with DTI ratios of Exempt%, with 157 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 144 $22,650,000 $157,292 $0 0.00%
    Not applicable 11 $3,265,000 $296,818 $0 0.00%
    Other Asian 2 $340,000 $170,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    96.51%

    The Bank Of Lafayette Georgia has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    94.90%

    The Bank Of Lafayette Georgia has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 157 $26,255,000 $167,229

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    157 $26,255,000 $167,229