Rayne State Bank & Trust Company Mortgage Rates, Fees & Info
Rayne, LALEI: 549300DISOL963J03Q15
Tax ID: 72-0296305
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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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, Baton Rouge, Opelousas, Dallas, and Lake Charles 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
110Origination Dollar Volume (All Markets)
$25,200,000Top 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) | 94 | $18,290,000 | $194,574 | $0 | 0.00% |
| Outside of Metro Areas | 2 | $3,310,000 | $1,655,000 | $0 | 0.00% |
| BATON ROUGE, LA (FHA|USDA|VA) | 6 | $1,910,000 | $318,333 | $0 | 0.00% |
| Opelousas, LA (FHA|USDA|VA) | 5 | $1,025,000 | $205,000 | $0 | 0.00% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 0.00% |
| LAKE CHARLES, LA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 0.00% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 110 | $25,200,000 | $229,091 | $0 | 0.00% |
For 2022, Rayne State Bank & Trust Company's most frequently originated type of loan was Conventional, with 110 originations.
Loan Reason
For 2022, Rayne State Bank & Trust Company's most frequently cited loan purpose was Refi, with 60 originations. The 2nd most popular reason was Home Purchase, with 45 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 110 | $25,200,000 | $229,091 | $0 | 0.00% |
For 2022, Rayne State Bank & Trust Company's most frequently cited loan duration was Other, with 110 originations.
Loan Sizing
2022 saw Rayne State Bank & Trust Company place emphasis on $100,000 or less loans with 50 originations, totaling $2,570,000 in origination value.
Applicant Income
Rayne State Bank & Trust Company lent most frequently to those with incomes in the $250k+ range, with 15 originations. The second most popular income band? $50k-75k, with 14 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 110 | $25,200,000 | $229,091 | $0 | 0.00% |
Rayne State Bank & Trust Company lent most frequently to those with DTI ratios of Exempt%, with 110 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.83%
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 origination95.45%
Rayne State Bank & Trust Company has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 110 | $25,200,000 | $229,091 |