Bank Of Commerce & Trust Co Mortgage Rates, Fees & Info

Crowley, LA

LEI: 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

20

Origination Dollar Volume (All Markets)

$1,940,000

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
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%
Bank Of Commerce & Trust Co's top markets include Lafayette and Jennings among others.

Their top states include:
  • Louisiana (FHA|USDA|VA)
  • 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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 9 $1,055,000 $117,222 $0 0.00%
    Refi 5 $625,000 $125,000 $0 0.00%
    Home Improvement 4 $190,000 $47,500 $0 0.00%
    Other 2 $70,000 $35,000 $0 0.00%

    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

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $75k-100k 6 $410,000 $68,333 $0 0.00%
    $50k-75k 5 $355,000 $71,000 $0 0.00%
    $150k-250k 2 $280,000 $140,000 $0 0.00%
    $100k-150k 1 $35,000 $35,000 $0 0.00%
    $250k+ 1 $395,000 $395,000 $0 0.00%

    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 applications
    92.86%

    Bank Of Commerce & Trust Co has an average approval rate.

    Pick Rate

    Approvals leading to origination
    70.00%

    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

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    20 $1,940,000 $97,000