Red River Bank Mortgage Rates, Fees & Info

Alexandria, LA

LEI: 5493006QG55R8V712J33

Tax ID: 72-1426574

5 stars - Updated: 6/22/25 - out of 5 stars, based on 29 reviews

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • 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

    Red River Bank is a smaller bank specializing in Home Purchase loans. Red River Bank has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Alexandria, Baton Rouge, Shreveport, New Orleans, and Lake Charles among others. We have data for 32 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Red River Bank has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Red River Bank 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 about average 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.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.67% 6/22/25
    30 Year Conventional Refi 6.45% 6/22/25
    30 Year Cash-out Refi 6.81% 6/22/25
    30 Year FHA Purchase 6.89% 6/22/25
    30 Year FHA Refi 6.39% 6/22/25
    30 Year VA Purchase 6.04% 6/22/25
    30 Year VA Refi 5.77% 6/22/25
    30 Year USDA Purchase 6.49% 6/22/25
    15 Year Conventional Purchase 6.02% 6/22/25
    15 Year Conventional Refi 6.56% 6/22/25
    15 Year Cash-out Refi 6.56% 6/22/25
    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.

    Red River Bank Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Red River Bank. 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

    865

    Origination Dollar Volume (All Markets)

    $222,655,000
    Show all (24) awards

    Relative Rate

    Red River Bank's average 30 year fixed mortgage rate was 6.31%.

    The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.

    This yields a difference of -0.24%.

    Relative Fees (Closing Costs)

    Red River Bank's average total fees/closing costs for a 30 year fixed rate mortgage were $5,263.

    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 $8,356.

    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) 336 $59,670,000 $177,589 $4,111 6.80%
    BATON ROUGE, LA (FHA|USDA|VA) 147 $41,925,000 $285,204 $4,344 6.89%
    SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) 157 $41,715,000 $265,701 $4,560 6.99%
    NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 54 $34,760,000 $643,704 $5,213 6.94%
    LAKE CHARLES, LA (FHA|USDA|VA) 50 $13,060,000 $261,200 $5,178 6.54%
    LAFAYETTE, LA (FHA|USDA|VA) 27 $9,025,000 $334,259 $3,559 6.81%
    Outside of Metro Areas 47 $7,575,000 $161,170 $3,948 6.70%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 5 $2,295,000 $459,000 $5,267 7.59%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $1,525,000 $1,525,000 $3,583 6.25%
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 3 $1,495,000 $498,333 $8,149 6.33%
    MONROE, LA (FHA|USDA|VA) 7 $1,395,000 $199,286 $4,910 6.34%
    Natchitoches, LA (FHA|USDA|VA) 4 $1,390,000 $347,500 $5,202 7.22%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 2 $740,000 $370,000 $4,018 7.63%
    DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 1 $685,000 $685,000 $3,911 7.00%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 2 $620,000 $310,000 $3,562 5.88%
    AUBURN-OPELIKA, AL (FHA|USDA|VA) 1 $555,000 $555,000 $4,486 6.50%
    Opelousas, LA (FHA|USDA|VA) 4 $530,000 $132,500 $3,818 6.40%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $455,000 $455,000 $14,632 6.25%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $455,000 $455,000 $5,265 6.13%
    DeRidder, LA (FHA|USDA|VA) 1 $385,000 $385,000 $4,414 5.75%
    JACKSON, MS (FHA|USDA|VA) 1 $355,000 $355,000 $4,605 5.63%
    Fort Polk South, LA (FHA|USDA|VA) 2 $310,000 $155,000 $2,157 7.00%
    BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) 2 $290,000 $145,000 $0 8.75%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $255,000 $255,000 $4,256 6.88%
    HAMMOND, LA (FHA|USDA|VA) 1 $205,000 $205,000 $7,363 6.13%
    Jennings, LA (FHA|USDA|VA) 1 $205,000 $205,000 $4,067 6.88%
    FORT COLLINS, CO (FHA|USDA|VA) 1 $185,000 $185,000 $2,586 6.37%
    HOUMA-THIBODAUX, LA (FHA|USDA|VA) 1 $165,000 $165,000 $6,441 5.75%
    GULFPORT-BILOXI, MS (FHA|USDA|VA) 1 $145,000 $145,000 $2,605 7.25%
    Bogalusa, LA (FHA|USDA|VA) 1 $125,000 $125,000 $5,510 6.50%
    Corning, NY (FHA|USDA|VA) 1 $115,000 $115,000 $5,311 6.25%
    COLUMBUS, OH (FHA|USDA|VA) 1 $45,000 $45,000 $667 7.75%
    Red River Bank's top markets include Alexandria, Baton Rouge, Shreveport, New Orleans, and Lake Charles among others.

    Their top states include:
  • Louisiana (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • Virginia (FHA|USDA|VA)
  • Alabama (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Red River Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Jefferson Parish Employees FCU
    Similarity Rank: 12
    MERITUS Federal Credit Union
    Similarity Rank: 18
    PIERREMONT MORTGAGE, INC.
    Similarity Rank: 56
    La Capitol Federal Credit Union
    Similarity Rank: 104
    JEFFERSON FINANCIAL
    Similarity Rank: 112
    Home Federal Bank
    Similarity Rank: 168
    Jeff Davis Bancshares
    Similarity Rank: 195
    Campus Federal Credit Union
    Similarity Rank: 209
    GREATER NEW ORLEANS
    Similarity Rank: 235
    ANECA Federal Credit Union
    Similarity Rank: 308

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 632 $169,410,000 $268,054 $3,194 7.12%
    FHA 165 $31,795,000 $192,697 $7,209 6.11%
    VA 44 $17,100,000 $388,636 $5,557 6.00%
    USDA 24 $4,350,000 $181,250 $5,601 5.98%

    For 2024, Red River Bank's most frequently originated type of loan was Conventional, with 632 originations. Their 2nd most popular type was FHA, with 165 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 640 $179,300,000 $280,156 $5,097 6.58%
    Refi 120 $29,940,000 $249,500 $1,990 7.58%
    Home Improvement 46 $3,460,000 $75,217 $677 8.03%
    Other 43 $6,635,000 $154,302 $1,621 7.48%
    Cash Out Refi 16 $3,320,000 $207,500 $5,090 6.32%

    For 2024, Red River Bank's most frequently cited loan purpose was Home Purchase, with 640 originations. The 2nd most popular reason was Refi, with 120 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 498 $115,780,000 $232,490 $5,263 6.31%
    Other 187 $62,265,000 $332,968 $2,507 7.40%
    5 Year 116 $19,800,000 $170,690 $706 8.06%
    15 Year 31 $12,335,000 $397,903 $4,082 6.09%
    1 Year 23 $8,555,000 $371,957 $1,121 8.57%
    20 Year 6 $2,360,000 $393,333 $4,193 6.38%
    10 Year 3 $1,405,000 $468,333 $2,725 7.08%
    3 Year 1 $155,000 $155,000 $0 8.00%

    For 2024, Red River Bank's most frequently cited loan duration was 30 Year, with 498 originations. The 2nd most popular length was Other, with 187 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 370 $75,980,000 $205,351
    $<1k 310 $84,360,000 $272,129
    $2k-3k 25 $9,815,000 $392,600
    $3k-4k 14 $4,970,000 $355,000
    $5k+ 9 $5,995,000 $666,111
    $4k-5k 6 $2,910,000 $485,000

    Red River Bank's average total fees were $5,263, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 370 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 363 $102,435,000 $282,190
    7-8% 241 $47,705,000 $197,946
    5-6% 179 $58,555,000 $327,123
    Over 8% 79 $12,145,000 $153,734
    4-5% 2 $1,310,000 $655,000
    <2.5% 1 $505,000 $505,000

    During 2024, Red River Bank's average interest rate for loans was 6.31%, while their most frequently originated rate bucket for loans was 6-7%, with 363 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 269 $40,695,000 $151,283 $4,699 6.62%
    $200k-400k 250 $68,980,000 $275,920 $5,494 6.50%
    $100,000 or less 208 $10,250,000 $49,279 $1,630 7.66%
    $400k-600k 76 $36,910,000 $485,658 $5,148 6.60%
    $600k-1MM 46 $32,910,000 $715,435 $4,990 6.72%
    $1MM+ 16 $32,910,000 $2,056,875 $6,786 6.49%

    2024 saw Red River Bank place emphasis on $100k-200k loans with 269 originations, totaling $40,695,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 157 $35,135,000 $223,790 $4,775 6.62%
    $250k+ 148 $68,600,000 $463,514 $3,982 6.91%
    $50k-75k 142 $20,570,000 $144,859 $4,331 6.58%
    $150k-250k 112 $34,690,000 $309,732 $4,538 6.71%
    $50k or less 104 $10,120,000 $97,308 $3,639 6.63%
    $75k-100k 97 $17,705,000 $182,526 $5,200 6.50%

    Red River Bank lent most frequently to those with incomes in the $100k-150k range, with 157 originations. The second most popular income band? $250k+, with 148 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 170 $40,790,000 $239,941 $3,770 6.77%
    30-36% 128 $36,100,000 $282,031 $4,360 6.62%
    <20% 116 $31,990,000 $275,776 $3,373 6.89%
    42% 33 $4,935,000 $149,545 $3,371 6.96%
    39% 32 $6,580,000 $205,625 $4,659 6.59%
    50-60% 29 $7,835,000 $270,172 $6,699 6.01%
    38% 25 $4,805,000 $192,200 $3,951 6.54%
    49% 24 $4,200,000 $175,000 $5,490 6.33%
    41% 23 $6,045,000 $262,826 $5,151 6.21%
    40% 23 $5,245,000 $228,043 $4,884 6.71%
    36% 23 $6,435,000 $279,783 $4,391 6.59%
    37% 23 $5,865,000 $255,000 $3,931 6.73%
    47% 21 $4,865,000 $231,667 $5,340 6.63%
    43% 20 $4,460,000 $223,000 $5,801 6.48%
    46% 19 $4,175,000 $219,737 $5,678 6.38%
    48% 19 $3,795,000 $199,737 $6,073 6.31%
    44% 16 $4,080,000 $255,000 $4,839 6.30%
    45% 12 $2,880,000 $240,000 $5,979 6.47%
    >60% 4 $1,110,000 $277,500 $1,278 8.06%

    Red River Bank lent most frequently to those with DTI ratios of 20-30%, with 170 originations. The next most common DTI ratio? 30-36%, with 128 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 635 $165,755,000 $261,031 $4,269 6.71%
    Not applicable 84 $31,780,000 $378,333 $0 8.20%
    Black 128 $19,930,000 $155,703 $4,603 6.63%
    Asian 12 $3,520,000 $293,333 $6,567 6.72%
    Not provided 1 $605,000 $605,000 $4,741 5.99%
    American Indian 2 $370,000 $185,000 $3,429 6.44%
    Asian Indian 1 $315,000 $315,000 $7,164 6.38%
    Other Asian 1 $275,000 $275,000 $3,764 6.38%
    Native Hawaiian or Islander 1 $105,000 $105,000 $5,362 6.27%

    Approval Rates

    Total approvals of all applications
    87.34%

    Red River Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    73.99%

    Red River Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 865 $222,655,000 $257,405

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    865 $222,655,000 $257,405

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 79 $10,535,000 $133,354 $1,914 7.48%
    40-60% 65 $19,865,000 $305,615 $4,026 6.90%
    60-80% 185 $70,065,000 $378,730 $4,123 6.78%
    80-100% 416 $112,900,000 $271,394 $5,435 6.44%
    Over 100% 9 $3,275,000 $363,889 $10,020 6.08%
    Under 20% 91 $4,225,000 $46,429 $800 7.90%