The Bank Of Lafayette Georgia Mortgage Rates, Fees & Info
LaFayette, GALEI: 254900VXGQ0PJJBNKA66
Tax ID: 58-0152920
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
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, Dalton, Morehead City, and Birmingham among others. We have data for 6 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.
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Originations
149Origination Dollar Volume (All Markets)
$23,835,000Top 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 |
|---|---|---|---|---|---|
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 137 | $22,185,000 | $161,934 | $0 | 0.00% |
| Summerville, GA (FHA|USDA|VA) | 7 | $585,000 | $83,571 | $0 | 0.00% |
| DALTON, GA (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $305,000 | $305,000 | $0 | 0.00% |
| Morehead City, NC (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 0.00% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 149 | $23,835,000 | $159,966 | $0 | 0.00% |
For 2022, The Bank Of Lafayette Georgia's most frequently originated type of loan was Conventional, with 149 originations.
Loan Reason
For 2022, The Bank Of Lafayette Georgia's most frequently cited loan purpose was Home Purchase, with 81 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 | 149 | $23,835,000 | $159,966 | $0 | 0.00% |
For 2022, The Bank Of Lafayette Georgia's most frequently cited loan duration was Other, with 149 originations.
Loan Sizing
2022 saw The Bank Of Lafayette Georgia place emphasis on $100,000 or less loans with 74 originations, totaling $3,920,000 in origination value.
Applicant Income
The Bank Of Lafayette Georgia lent most frequently to those with incomes in the $50k or less range, with 47 originations. The second most popular income band? $75k-100k, with 33 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 149 | $23,835,000 | $159,966 | $0 | 0.00% |
The Bank Of Lafayette Georgia lent most frequently to those with DTI ratios of Exempt%, with 149 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications91.28%
The Bank Of Lafayette Georgia has an average approval rate.
Pick Rate
Approvals leading to origination94.63%
The Bank Of Lafayette Georgia has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 149 | $23,835,000 | $159,966 |
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% |