South Louisiana Bank Mortgage Rates, Fees & Info
Houma, LALEI: 5493001P1J1K386Q4G58
Tax ID: 72-0884012
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
South Louisiana Bank is a smaller bank specializing in Home Purchase loans. South Louisiana Bank has a high proportion of conventional loans. Their top markets by origination volume include: Houma, Baton Rouge, Morgan City, New Orleans, and Hammond among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)South Louisiana Bank 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.
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Originations
49Origination Dollar Volume (All Markets)
$12,235,000Top 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 |
|---|---|---|---|---|---|
| HOUMA-THIBODAUX, LA (FHA|USDA|VA) | 31 | $5,015,000 | $161,774 | $0 | 0.00% |
| BATON ROUGE, LA (FHA|USDA|VA) | 7 | $1,945,000 | $277,857 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $1,455,000 | $1,455,000 | $0 | 0.00% |
| Morgan City, LA (FHA|USDA|VA) | 1 | $795,000 | $795,000 | $0 | 0.00% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 2 | $700,000 | $350,000 | $0 | 0.00% |
| HAMMOND, LA (FHA|USDA|VA) | 1 | $645,000 | $645,000 | $0 | 0.00% |
| GULFPORT-BILOXI, MS (FHA|USDA|VA) | 1 | $605,000 | $605,000 | $0 | 0.00% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 1 | $565,000 | $565,000 | $0 | 0.00% |
| LAFAYETTE, LA (FHA|USDA|VA) | 3 | $275,000 | $91,667 | $0 | 0.00% |
| HATTIESBURG, MS (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 49 | $12,235,000 | $249,694 | $0 | 0.00% |
For 2024, South Louisiana Bank's most frequently originated type of loan was Conventional, with 49 originations.
Loan Reason
For 2024, South Louisiana Bank's most frequently cited loan purpose was Home Purchase, with 24 originations. The 2nd most popular reason was Refi, with 8 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 49 | $12,235,000 | $249,694 | $0 | 0.00% |
For 2024, South Louisiana Bank's most frequently cited loan duration was Other, with 49 originations.
Loan Sizing
2024 saw South Louisiana Bank place emphasis on $100k-200k loans with 19 originations, totaling $2,675,000 in origination value.
Applicant Income
South Louisiana Bank lent most frequently to those with incomes in the $150k-250k range, with 4 originations. The second most popular income band? $100k-150k, with 2 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 49 | $12,235,000 | $249,694 | $0 | 0.00% |
South Louisiana Bank lent most frequently to those with DTI ratios of Exempt%, with 49 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.72%
South Louisiana Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination81.63%
South Louisiana Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 49 | $12,235,000 | $249,694 |