Investar Bank Mortgage Rates, Fees & Info
Baton Rouge, LALEI: 549300CPKDUJKREQRG38
Tax ID: 20-4546870
Latest/2024 | 2023 Data | 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 Refi and Home Purchase loans. Investar Bank has a high proportion of conventional loans. Their top markets by origination volume include: New Orleans, Baton Rouge, Lafayette, Anniston, and Houston among others. We have data for 9 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.
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Originations
53Origination Dollar Volume (All Markets)
$10,295,000Top 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) | 13 | $2,645,000 | $203,462 | $0 | 0.00% |
| BATON ROUGE, LA (FHA|USDA|VA) | 11 | $2,195,000 | $199,545 | $0 | 0.00% |
| LAFAYETTE, LA (FHA|USDA|VA) | 3 | $1,605,000 | $535,000 | $0 | 0.00% |
| ANNISTON-OXFORD, AL (FHA|USDA|VA) | 16 | $1,310,000 | $81,875 | $0 | 0.00% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 4 | $1,020,000 | $255,000 | $0 | 0.00% |
| Jennings, LA (FHA|USDA|VA) | 1 | $1,005,000 | $1,005,000 | $0 | 0.00% |
| ALEXANDRIA, LA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 0.00% |
| Outside of Metro Areas | 3 | $135,000 | $45,000 | $0 | 0.00% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $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.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 53 | $10,295,000 | $194,245 | $0 | 0.00% |
For 2024, Investar Bank's most frequently originated type of loan was Conventional, with 53 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Refi | 30 | $4,250,000 | $141,667 | $0 | 0.00% |
| Home Purchase | 21 | $5,735,000 | $273,095 | $0 | 0.00% |
| Cash Out Refi | 2 | $310,000 | $155,000 | $0 | 0.00% |
For 2024, Investar Bank's most frequently cited loan purpose was Refi, with 30 originations. The 2nd most popular reason was Home Purchase, with 21 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 53 | $10,295,000 | $194,245 | $0 | 0.00% |
For 2024, Investar Bank's most frequently cited loan duration was Other, with 53 originations.
Loan Sizing
2024 saw Investar Bank place emphasis on $100,000 or less loans with 20 originations, totaling $1,030,000 in origination value.
Applicant Income
Investar Bank lent most frequently to those with incomes in the $50k or less range, with 5 originations. The second most popular income band? $250k+, with 3 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 53 | $10,295,000 | $194,245 | $0 | 0.00% |
Investar Bank lent most frequently to those with DTI ratios of Exempt%, with 53 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications89.71%
Investar Bank has an average approval rate.
Pick Rate
Approvals leading to origination86.79%
Investar Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 53 | $10,295,000 | $194,245 |