Progressive Bank Mortgage Rates, Fees & InfoMonroe, LA
Tax ID: 72-0768210
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Review & OverviewProgressive 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: Monroe, Shreveport, Baton Rouge, Natchez, and New Orleans 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 above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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.
Origination Dollar Volume (All Markets)$60,560,000
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|
|MONROE, LA (FHA|USDA|VA)||50||$22,730,000||$454,600||$0||0.00%|
|SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA)||47||$21,845,000||$464,787||$0||0.00%|
|BATON ROUGE, LA (FHA|USDA|VA)||3||$6,615,000||$2,205,000||$0||0.00%|
|Outside of Metro Areas||15||$4,325,000||$288,333||$0||0.00%|
|Natchez, MS-LA (FHA|USDA|VA)||2||$1,290,000||$645,000||$0||0.00%|
|NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA)||2||$1,280,000||$640,000||$0||0.00%|
|ALEXANDRIA, LA (FHA|USDA|VA)||1||$625,000||$625,000||$0||0.00%|
|DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA)||1||$465,000||$465,000||$0||0.00%|
|HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA)||1||$415,000||$415,000||$0||0.00%|
|LAFAYETTE, LA (FHA|USDA|VA)||1||$345,000||$345,000||$0||0.00%|
|TYLER, TX (FHA|USDA|VA)||1||$285,000||$285,000||$0||0.00%|
|COLLEGE STATION-BRYAN, TX (FHA|USDA|VA)||1||$175,000||$175,000||$0||0.00%|
|Ruston, LA (FHA|USDA|VA)||1||$165,000||$165,000||$0||0.00%|
|Loan Type||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
For 2022, Progressive Bank's most frequently originated type of loan was Conventional, with 126 originations.
|Loan Reason||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
For 2022, Progressive Bank's most frequently cited loan purpose was Home Purchase, with 72 originations. The 2nd most popular reason was Refi, with 47 originations.
|Loan Length||Originations||Total Value||Average Loan||Average Fees||Average Rate|
For 2022, Progressive Bank's most frequently cited loan duration was Other, with 126 originations.
2022 saw Progressive Bank place emphasis on $200k-400k loans with 35 originations, totaling $10,545,000 in origination value.
Progressive Bank lent most frequently to those with incomes in the $250k+ range, with 48 originations. The second most popular income band? $150k-250k, with 18 originations.
Applicant Debt to Income Ratio
|DTI Ratio||Originations||Total Value||Average Loan||Average Fees||Average Rate|
Progressive Bank lent most frequently to those with DTI ratios of Exempt%, with 126 originations.
Approval RatesTotal approvals of all applications
Progressive Bank has an average approval rate.
Pick RateApprovals leading to origination
Progressive Bank has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
|Points||Originations||Total Value||Average Loan|