Rayne State Bank & Trust Company Mortgage Rates, Fees & Info

Rayne, LA

LEI: 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, 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

110

Origination Dollar Volume (All Markets)

$25,200,000

Top 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%
Rayne State Bank & Trust Company's top markets include Lafayette, Baton Rouge, Opelousas, Dallas, and Lake Charles among others.

Their top states include:
  • Louisiana (FHA|USDA|VA)
  • Mississippi (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • 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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 60 $14,200,000 $236,667 $0 0.00%
    Home Purchase 45 $10,545,000 $234,333 $0 0.00%
    Other 3 $355,000 $118,333 $0 0.00%
    Home Improvement 2 $100,000 $50,000 $0 0.00%

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 50 $2,570,000 $51,400 $0 0.00%
    $100k-200k 25 $3,745,000 $149,800 $0 0.00%
    $200k-400k 22 $5,900,000 $268,182 $0 0.00%
    $600k-1MM 5 $3,795,000 $759,000 $0 0.00%
    $1MM+ 4 $7,180,000 $1,795,000 $0 0.00%
    $400k-600k 4 $2,010,000 $502,500 $0 0.00%

    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

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 15 $8,325,000 $555,000 $0 0.00%
    $50k-75k 14 $1,240,000 $88,571 $0 0.00%
    $50k or less 13 $1,135,000 $87,308 $0 0.00%
    $150k-250k 11 $2,635,000 $239,545 $0 0.00%
    $75k-100k 10 $1,060,000 $106,000 $0 0.00%
    $100k-150k 9 $965,000 $107,222 $0 0.00%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 65 $14,075,000 $216,538 $0 0.00%
    Not applicable 38 $9,840,000 $258,947 $0 0.00%
    Chinese 1 $675,000 $675,000 $0 0.00%
    Black 6 $610,000 $101,667 $0 0.00%

    Approval Rates

    Total approvals of all applications
    95.83%

    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 origination
    95.45%

    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

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    110 $25,200,000 $229,091