Progressive Bank Mortgage Rates, Fees & Info
Monroe, LALEI: 54930074GUKXKBKNQI12
Tax ID: 72-0768210
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Progressive Bank is a smaller bank specializing in Home Purchase and Refi loans. Progressive Bank has a high proportion of conventional loans. Their top markets by origination volume include: Shreveport, Monroe, Baton Rouge, Birmingham, and Natchez among others. We have data for 13 markets. (Some data included below & more in-depth data is available with an active subscription.)Progressive 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.
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Originations
90Origination Dollar Volume (All Markets)
$27,870,000Top 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 |
|---|---|---|---|---|---|
| SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) | 32 | $10,660,000 | $333,125 | $0 | 0.00% |
| MONROE, LA (FHA|USDA|VA) | 30 | $9,100,000 | $303,333 | $0 | 0.00% |
| Outside of Metro Areas | 16 | $2,670,000 | $166,875 | $0 | 0.00% |
| BATON ROUGE, LA (FHA|USDA|VA) | 2 | $2,160,000 | $1,080,000 | $0 | 0.00% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 1 | $675,000 | $675,000 | $0 | 0.00% |
| Natchez, MS-LA (FHA|USDA|VA) | 2 | $550,000 | $275,000 | $0 | 0.00% |
| LAKE CHARLES, LA (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $0 | 0.00% |
| Natchitoches, LA (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $0 | 0.00% |
| SAVANNAH, GA (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $0 | 0.00% |
| Oxford, MS (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 0.00% |
| Ruston, LA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 0.00% |
| LAFAYETTE, LA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 0.00% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 90 | $27,870,000 | $309,667 | $0 | 0.00% |
For 2023, Progressive Bank's most frequently originated type of loan was Conventional, with 90 originations.
Loan Reason
For 2023, Progressive Bank's most frequently cited loan purpose was Home Purchase, with 52 originations. The 2nd most popular reason was Refi, with 30 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 90 | $27,870,000 | $309,667 | $0 | 0.00% |
For 2023, Progressive Bank's most frequently cited loan duration was Other, with 90 originations.
Loan Sizing
2023 saw Progressive Bank place emphasis on $100,000 or less loans with 25 originations, totaling $1,445,000 in origination value.
Applicant Income
Progressive Bank lent most frequently to those with incomes in the $250k+ range, with 30 originations. The second most popular income band? $150k-250k, with 15 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 90 | $27,870,000 | $309,667 | $0 | 0.00% |
Progressive Bank lent most frequently to those with DTI ratios of Exempt%, with 90 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications86.36%
Progressive Bank has an average approval rate.
Pick Rate
Approvals leading to origination76.67%
Progressive Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 90 | $27,870,000 | $309,667 |