Investar Bank Mortgage Rates, Fees & Info
Baton Rouge, LALEI: 549300CPKDUJKREQRG38
Tax ID: 20-4546870
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Investar Bank is a smaller bank specializing in Home Purchase loans. Investar Bank has a high proportion of conventional loans. Their top markets by origination volume include: New Orleans, Baton Rouge, Lake Charles, Lafayette, and Gulfport among others. We have data for 16 markets. (Some data included below & more in-depth data is available with an active subscription.)Investar 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.
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.
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Originations
161Origination Dollar Volume (All Markets)
$51,235,000Top 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 |
|---|---|---|---|---|---|
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 57 | $20,685,000 | $362,895 | $0 | 0.00% |
| BATON ROUGE, LA (FHA|USDA|VA) | 30 | $11,560,000 | $385,333 | $0 | 0.00% |
| LAKE CHARLES, LA (FHA|USDA|VA) | 8 | $4,150,000 | $518,750 | $0 | 0.00% |
| LAFAYETTE, LA (FHA|USDA|VA) | 16 | $3,680,000 | $230,000 | $0 | 0.00% |
| Outside of Metro Areas | 17 | $3,175,000 | $186,765 | $0 | 0.00% |
| GULFPORT-BILOXI, MS (FHA|USDA|VA) | 2 | $2,050,000 | $1,025,000 | $0 | 0.00% |
| ANNISTON-OXFORD, AL (FHA|USDA|VA) | 17 | $2,045,000 | $120,294 | $0 | 0.00% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 2 | $910,000 | $455,000 | $0 | 0.00% |
| ALEXANDRIA, LA (FHA|USDA|VA) | 2 | $600,000 | $300,000 | $0 | 0.00% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $0 | 0.00% |
| HOT SPRINGS, AR (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $0 | 0.00% |
| HOUMA-THIBODAUX, LA (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $0 | 0.00% |
| TUSCALOOSA, AL (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $0 | 0.00% |
| Opelousas, LA (FHA|USDA|VA) | 3 | $315,000 | $105,000 | $0 | 0.00% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 0.00% |
| Talladega-Sylacauga, AL (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against Investar Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 80
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 161 | $51,235,000 | $318,230 | $0 | 0.00% |
For 2023, Investar Bank's most frequently originated type of loan was Conventional, with 161 originations.
Loan Reason
For 2023, Investar Bank's most frequently cited loan purpose was Home Purchase, with 101 originations. The 2nd most popular reason was Refi, with 47 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 161 | $51,235,000 | $318,230 | $0 | 0.00% |
For 2023, Investar Bank's most frequently cited loan duration was Other, with 161 originations.
Loan Sizing
2023 saw Investar Bank place emphasis on $100k-200k loans with 48 originations, totaling $6,680,000 in origination value.
Applicant Income
Investar Bank lent most frequently to those with incomes in the $50k or less range, with 21 originations. The second most popular income band? $250k+, with 17 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 161 | $51,235,000 | $318,230 | $0 | 0.00% |
Investar Bank lent most frequently to those with DTI ratios of Exempt%, with 161 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications88.19%
Investar Bank has an average approval rate.
Pick Rate
Approvals leading to origination75.16%
Investar Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 161 | $51,235,000 | $318,230 |