Progressive Bank Mortgage Rates, Fees & Info
Monroe, LALEI: 54930074GUKXKBKNQI12
Tax ID: 72-0768210
Latest/2024 | 2023 Data | 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 loans. Progressive Bank has a high proportion of conventional loans. Their top markets by origination volume include: Shreveport, Monroe, Ruston, Daphne, and Taos among others. We have data for 10 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
75Origination Dollar Volume (All Markets)
$37,225,000Top 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) | 27 | $17,045,000 | $631,296 | $0 | 0.00% |
| MONROE, LA (FHA|USDA|VA) | 26 | $8,800,000 | $338,462 | $0 | 0.00% |
| Outside of Metro Areas | 11 | $4,115,000 | $374,091 | $0 | 0.00% |
| Ruston, LA (FHA|USDA|VA) | 3 | $3,035,000 | $1,011,667 | $0 | 0.00% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 2 | $1,910,000 | $955,000 | $0 | 0.00% |
| Taos, NM (FHA|USDA|VA) | 1 | $1,025,000 | $1,025,000 | $0 | 0.00% |
| BATON ROUGE, LA (FHA|USDA|VA) | 2 | $610,000 | $305,000 | $0 | 0.00% |
| KNOXVILLE, TN (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 0.00% |
| Natchitoches, LA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 0.00% |
| Minden, LA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 75 | $37,225,000 | $496,333 | $0 | 0.00% |
For 2024, Progressive Bank's most frequently originated type of loan was Conventional, with 75 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 48 | $29,730,000 | $619,375 | $0 | 0.00% |
| Refi | 26 | $7,270,000 | $279,615 | $0 | 0.00% |
| Home Improvement | 1 | $225,000 | $225,000 | $0 | 0.00% |
For 2024, Progressive Bank's most frequently cited loan purpose was Home Purchase, with 48 originations. The 2nd most popular reason was Refi, with 26 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 75 | $37,225,000 | $496,333 | $0 | 0.00% |
For 2024, Progressive Bank's most frequently cited loan duration was Other, with 75 originations.
Loan Sizing
2024 saw Progressive Bank place emphasis on $100,000 or less loans with 21 originations, totaling $1,175,000 in origination value.
Applicant Income
Progressive Bank lent most frequently to those with incomes in the $250k+ range, with 28 originations. The second most popular income band? $150k-250k, with 9 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 75 | $37,225,000 | $496,333 | $0 | 0.00% |
Progressive Bank lent most frequently to those with DTI ratios of Exempt%, with 75 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications86.27%
Progressive Bank has an average approval rate.
Pick Rate
Approvals leading to origination84.00%
Progressive Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 75 | $37,225,000 | $496,333 |