B1bank Mortgage Rates, Fees & Info
Baton Rouge, LALEI: 54930045J8O98TUGTW86
Tax ID: 20-3977125
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Mortgage Data
Review & Overview
B1bank is a smaller bank specializing in Refi and Home Purchase loans. B1bank has a high proportion of conventional loans. Their top markets by origination volume include: Dallas, New Orleans, Lafayette, Ruston, and Lake Charles among others. We have data for 33 markets. (Some data included below & more in-depth data is available with an active subscription.)B1bank 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. B1bank is typically a high 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 7.25% | 12/16/24 |
| 30 Year Conventional Refi | 6.27% | 12/16/24 |
| 15 Year Conventional Purchase | 5.70% | 12/16/24 |
| 15 Year Conventional Refi | 6.12% | 12/16/24 |
| 15 Year Cash-out Refi | 6.12% | 12/16/24 |
| 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. | ||
B1bank Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
458Origination Dollar Volume (All Markets)
$122,340,000Relative Rate
B1bank's average 30 year fixed mortgage rate was
6.88%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 0.4%.
Relative Fees (Closing Costs)
B1bank's average total fees/closing costs for a 30 year fixed rate
mortgage were $8,801.
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 |
|---|---|---|---|---|---|
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 18 | $20,050,000 | $1,113,889 | $20,871 | 6.43% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 38 | $17,680,000 | $465,263 | $9,210 | 8.51% |
| LAFAYETTE, LA (FHA|USDA|VA) | 53 | $12,215,000 | $230,472 | $1,359 | 9.46% |
| Ruston, LA (FHA|USDA|VA) | 12 | $9,810,000 | $817,500 | $5,821 | 7.70% |
| LAKE CHARLES, LA (FHA|USDA|VA) | 55 | $8,915,000 | $162,091 | $2,574 | 9.08% |
| Minden, LA (FHA|USDA|VA) | 76 | $7,570,000 | $99,605 | $1,519 | 9.83% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 10 | $5,890,000 | $589,000 | $0 | 9.10% |
| BATON ROUGE, LA (FHA|USDA|VA) | 28 | $5,560,000 | $198,571 | $1,459 | 9.31% |
| HOUMA-THIBODAUX, LA (FHA|USDA|VA) | 37 | $5,255,000 | $142,027 | $1,587 | 9.66% |
| SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) | 16 | $4,530,000 | $283,125 | $10,358 | 9.41% |
| COLUMBUS, OH (FHA|USDA|VA) | 1 | $3,815,000 | $3,815,000 | $0 | 8.00% |
| MONROE, LA (FHA|USDA|VA) | 35 | $3,405,000 | $97,286 | $3,278 | 9.57% |
| Outside of Metro Areas | 21 | $3,275,000 | $155,952 | $2,117 | 9.34% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 4 | $2,740,000 | $685,000 | $13,574 | 7.29% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 1 | $2,315,000 | $2,315,000 | $39,039 | 5.90% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 2 | $1,300,000 | $650,000 | $5,770 | 7.04% |
| Bonham, TX (FHA|USDA|VA) | 1 | $1,135,000 | $1,135,000 | $19,464 | 6.88% |
| DeRidder, LA (FHA|USDA|VA) | 16 | $1,070,000 | $66,875 | $1,151 | 10.45% |
| GULFPORT-BILOXI, MS (FHA|USDA|VA) | 1 | $1,005,000 | $1,005,000 | $24,018 | 6.33% |
| Fort Polk South, LA (FHA|USDA|VA) | 14 | $910,000 | $65,000 | $1,030 | 10.05% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $655,000 | $655,000 | $0 | 7.50% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 1 | $615,000 | $615,000 | $0 | 8.50% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $0 | 9.25% |
| Opelousas, LA (FHA|USDA|VA) | 5 | $405,000 | $81,000 | $1,279 | 10.25% |
| Cullman, AL (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $4,514 | 7.59% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 8.49% |
| Morgan City, LA (FHA|USDA|VA) | 3 | $265,000 | $88,333 | $0 | 8.92% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $1,949 | 9.50% |
| Branson, MO (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 7.75% |
| MISSOULA, MT (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 8.75% |
| Jennings, LA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 9.25% |
| Greenwood, MS (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 9.25% |
| Natchez, MS-LA (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $311 | 10.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 458 | $122,340,000 | $267,118 | $4,250 | 9.22% |
For 2023, B1bank's most frequently originated type of loan was Conventional, with 458 originations.
Loan Reason
For 2023, B1bank's most frequently cited loan purpose was Refi, with 240 originations. The 2nd most popular reason was Home Purchase, with 181 originations.
Loan Duration/Length
For 2023, B1bank's most frequently cited loan duration was 5 Year, with 203 originations. The 2nd most popular length was Other, with 191 originations.
Origination Fees/Closing Costs
B1bank's average total fees were $8,801, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 121 originations.
Interest Rates
During 2023, B1bank's average interest rate for loans was 6.88%, while their most frequently originated rate bucket for loans was Over 8%, with 372 originations.
Loan Sizing
2023 saw B1bank place emphasis on $100,000 or less loans with 230 originations, totaling $11,130,000 in origination value.
Applicant Income
B1bank lent most frequently to those with incomes in the $250k+ range, with 54 originations. The second most popular income band? $100k-150k, with 53 originations.
Applicant Debt to Income Ratio
B1bank lent most frequently to those with DTI ratios of 20-30%, with 48 originations. The next most common DTI ratio? 30-36%, with 36 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications92.05%
B1bank has an average approval rate.
Pick Rate
Approvals leading to origination78.60%
B1bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 0.0 | 3 | $75,000 | $25,000 |
| NA | 455 | $122,265,000 | $268,714 |