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, Jackson, Baton Rouge, New Orleans, and Opelousas among others. We have data for 7 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
89Origination Dollar Volume (All Markets)
$25,425,000Top Markets
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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) | 75 | $17,525,000 | $233,667 | $0 | 0.00% |
| JACKSON, MS (FHA|USDA|VA) | 1 | $1,895,000 | $1,895,000 | $0 | 0.00% |
| BATON ROUGE, LA (FHA|USDA|VA) | 3 | $1,865,000 | $621,667 | $0 | 0.00% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 2 | $1,260,000 | $630,000 | $0 | 0.00% |
| Opelousas, LA (FHA|USDA|VA) | 5 | $1,255,000 | $251,000 | $0 | 0.00% |
| Outside of Metro Areas | 2 | $890,000 | $445,000 | $0 | 0.00% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 1 | $735,000 | $735,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 89 | $25,425,000 | $285,674 | $0 | 0.00% |
For 2024, Rayne State Bank & Trust Company's most frequently originated type of loan was Conventional, with 89 originations.
Loan Reason
For 2024, Rayne State Bank & Trust Company's most frequently cited loan purpose was Refi, with 54 originations. The 2nd most popular reason was Home Purchase, with 31 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 89 | $25,425,000 | $285,674 | $0 | 0.00% |
For 2024, Rayne State Bank & Trust Company's most frequently cited loan duration was Other, with 89 originations.
Loan Sizing
2024 saw Rayne State Bank & Trust Company place emphasis on $100,000 or less loans with 34 originations, totaling $1,730,000 in origination value.
Applicant Income
Rayne State Bank & Trust Company lent most frequently to those with incomes in the $250k+ range, with 21 originations. The second most popular income band? $100k-150k, with 10 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 89 | $25,425,000 | $285,674 | $0 | 0.00% |
Rayne State Bank & Trust Company lent most frequently to those with DTI ratios of Exempt%, with 89 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications92.16%
Rayne State Bank & Trust Company has an average approval rate.
Pick Rate
Approvals leading to origination94.38%
Rayne State Bank & Trust Company has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 89 | $25,425,000 | $285,674 |