Rayne State Bank & Trust Company Mortgage Rates, Fees & Info
Rayne, LALEI: 549300DISOL963J03Q15
Tax ID: 72-0296305
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Mortgage Data
Review & Overview
Rayne State Bank & Trust Company is a smaller bank specializing in Refi and Home Purchase loans. Rayne State Bank & Trust Company has a high proportion of conventional loans. Their top markets by origination volume include: Lafayette, New York, Gulfport, Opelousas, and Wilmington among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)Rayne State Bank & Trust Company has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.
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Originations
85Origination Dollar Volume (All Markets)
$15,565,000Top 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) | 72 | $10,670,000 | $148,194 | $0 | 0.00% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 1 | $2,555,000 | $2,555,000 | $0 | 0.00% |
| GULFPORT-BILOXI, MS (FHA|USDA|VA) | 3 | $705,000 | $235,000 | $0 | 0.00% |
| Opelousas, LA (FHA|USDA|VA) | 3 | $465,000 | $155,000 | $0 | 0.00% |
| WILMINGTON, NC (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $0 | 0.00% |
| BATON ROUGE, LA (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $0 | 0.00% |
| Morgan City, LA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $175,000 | $175,000 | $0 | 0.00% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 85 | $15,565,000 | $183,118 | $0 | 0.00% |
For 2023, Rayne State Bank & Trust Company's most frequently originated type of loan was Conventional, with 85 originations.
Loan Reason
For 2023, Rayne State Bank & Trust Company's most frequently cited loan purpose was Refi, with 47 originations. The 2nd most popular reason was Home Purchase, with 32 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 85 | $15,565,000 | $183,118 | $0 | 0.00% |
For 2023, Rayne State Bank & Trust Company's most frequently cited loan duration was Other, with 85 originations.
Loan Sizing
2023 saw Rayne State Bank & Trust Company place emphasis on $100,000 or less loans with 40 originations, totaling $2,060,000 in origination value.
Applicant Income
Rayne State Bank & Trust Company lent most frequently to those with incomes in the $100k-150k range, with 13 originations. The second most popular income band? $50k-75k, with 12 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 85 | $15,565,000 | $183,118 | $0 | 0.00% |
Rayne State Bank & Trust Company lent most frequently to those with DTI ratios of Exempt%, with 85 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.81%
Rayne State Bank & Trust Company has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination92.94%
Rayne State Bank & Trust Company has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 85 | $15,565,000 | $183,118 |