Bank Of Commerce & Trust Co Mortgage Rates, Fees & Info
Crowley, LALEI: 54930080XWOQPR6ST055
Tax ID: 72-0124890
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Mortgage Data
Review & Overview
Bank Of Commerce & Trust Co is a smaller bank specializing in Home Purchase and Refi loans. Bank Of Commerce & Trust Co has a high proportion of conventional loans. Their top two markets are Lafayette and Jennings .Bank Of Commerce & Trust Co 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.
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Originations
20Origination Dollar Volume (All Markets)
$1,940,000Top 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 |
|---|---|---|---|---|---|
| LAFAYETTE, LA (FHA|USDA|VA) | 18 | $1,750,000 | $97,222 | $0 | 0.00% |
| Jennings, LA (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 20 | $1,940,000 | $97,000 | $0 | 0.00% |
For 2023, Bank Of Commerce & Trust Co's most frequently originated type of loan was Conventional, with 20 originations.
Loan Reason
For 2023, Bank Of Commerce & Trust Co's most frequently cited loan purpose was Home Purchase, with 9 originations. The 2nd most popular reason was Refi, with 5 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 20 | $1,940,000 | $97,000 | $0 | 0.00% |
For 2023, Bank Of Commerce & Trust Co's most frequently cited loan duration was Other, with 20 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100,000 or less | 15 | $895,000 | $59,667 | $0 | 0.00% |
| $200k-400k | 3 | $815,000 | $271,667 | $0 | 0.00% |
| $100k-200k | 2 | $230,000 | $115,000 | $0 | 0.00% |
2023 saw Bank Of Commerce & Trust Co place emphasis on $100,000 or less loans with 15 originations, totaling $895,000 in origination value.
Applicant Income
Bank Of Commerce & Trust Co lent most frequently to those with incomes in the $75k-100k range, with 6 originations. The second most popular income band? $50k-75k, with 5 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 20 | $1,940,000 | $97,000 | $0 | 0.00% |
Bank Of Commerce & Trust Co lent most frequently to those with DTI ratios of Exempt%, with 20 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 13 | $1,335,000 | $102,692 | $0 | 0.00% |
| Not applicable | 5 | $465,000 | $93,000 | $0 | 0.00% |
| Black | 2 | $140,000 | $70,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications92.86%
Bank Of Commerce & Trust Co has an average approval rate.
Pick Rate
Approvals leading to origination70.00%
Bank Of Commerce & Trust Co 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 |
|---|---|---|---|
| Exempt | 20 | $1,940,000 | $97,000 |