Investar Bank Mortgage Rates, Fees & InfoBaton Rouge, LA
Tax ID: 20-4546870
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Review & OverviewInvestar Bank is a smaller bank specializing in Home Purchase and Refi loans. Investar Bank has a high proportion of conventional loans. Their top markets by origination volume include: New Orleans, Baton Rouge, Lafayette, Hammond, and Crestview among others. We have data for 21 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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Origination Dollar Volume (All Markets)$135,150,000
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|
|NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA)||116||$40,840,000||$352,069||$0||0.00%|
|BATON ROUGE, LA (FHA|USDA|VA)||58||$30,810,000||$531,207||$0||0.00%|
|LAFAYETTE, LA (FHA|USDA|VA)||34||$15,470,000||$455,000||$0||0.00%|
|HAMMOND, LA (FHA|USDA|VA)||11||$8,495,000||$772,273||$0||0.00%|
|CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA)||5||$7,755,000||$1,551,000||$0||0.00%|
|Outside of Metro Areas||24||$5,300,000||$220,833||$0||0.00%|
|ANNISTON-OXFORD, AL (FHA|USDA|VA)||24||$4,490,000||$187,083||$0||0.00%|
|LAKE CHARLES, LA (FHA|USDA|VA)||11||$4,115,000||$374,091||$0||0.00%|
|DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA)||5||$4,055,000||$811,000||$0||0.00%|
|BIRMINGHAM-HOOVER, AL (FHA|USDA|VA)||5||$3,885,000||$777,000||$0||0.00%|
|GULFPORT-BILOXI, MS (FHA|USDA|VA)||3||$2,595,000||$865,000||$0||0.00%|
|HOUMA-THIBODAUX, LA (FHA|USDA|VA)||3||$1,875,000||$625,000||$0||0.00%|
|COLLEGE STATION-BRYAN, TX (FHA|USDA|VA)||1||$1,505,000||$1,505,000||$0||0.00%|
|Talladega-Sylacauga, AL (FHA|USDA|VA)||3||$1,135,000||$378,333||$0||0.00%|
|TUSCALOOSA, AL (FHA|USDA|VA)||2||$860,000||$430,000||$0||0.00%|
|SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA)||1||$795,000||$795,000||$0||0.00%|
|AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA)||1||$505,000||$505,000||$0||0.00%|
|GADSDEN, AL (FHA|USDA|VA)||1||$265,000||$265,000||$0||0.00%|
|Opelousas, LA (FHA|USDA|VA)||2||$180,000||$90,000||$0||0.00%|
|HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA)||1||$125,000||$125,000||$0||0.00%|
|Jennings, LA (FHA|USDA|VA)||1||$95,000||$95,000||$0||0.00%|
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.
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|Loan Type||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
For 2022, Investar Bank's most frequently originated type of loan was Conventional, with 312 originations.
|Loan Reason||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
|Cash Out Refi||25||$12,875,000||$515,000||$0||0.00%|
For 2022, Investar Bank's most frequently cited loan purpose was Home Purchase, with 205 originations. The 2nd most popular reason was Refi, with 75 originations.
|Loan Length||Originations||Total Value||Average Loan||Average Fees||Average Rate|
For 2022, Investar Bank's most frequently cited loan duration was Other, with 312 originations.
2022 saw Investar Bank place emphasis on $100k-200k loans with 78 originations, totaling $11,130,000 in origination value.
Investar Bank lent most frequently to those with incomes in the $50k or less range, with 54 originations. The second most popular income band? $250k+, with 49 originations.
Applicant Debt to Income Ratio
|DTI Ratio||Originations||Total Value||Average Loan||Average Fees||Average Rate|
Investar Bank lent most frequently to those with DTI ratios of Exempt%, with 312 originations.
Approval RatesTotal approvals of all applications
Investar Bank has an average approval rate.
Pick RateApprovals leading to origination
Investar Bank has a below average pick rate.
Points and Fees
|Points||Originations||Total Value||Average Loan|