Abbeville Building & Loan (a State-chartered Savings Bank) Mortgage Rates, Fees & Info
Abbeville, LALEI: 549300FJ9SHI3GDB7327
Tax ID: 72-0504073
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Mortgage Data
Review & Overview
Abbeville Building & Loan (a State-chartered Savings Bank) is a smaller bank specializing in Home Purchase loans. Abbeville Building & Loan (a State-chartered Savings Bank) has a high proportion of conventional loans. Their top markets by origination volume include: Lafayette, Jennings, Opelousas, Deridder, and Morgan City among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)Abbeville Building & Loan (a State-chartered Savings Bank) has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.37% | 11/17/24 |
| 30 Year Conventional Refi | 6.17% | 11/17/24 |
| 30 Year Cash-out Refi | 6.52% | 11/17/24 |
| 15 Year Conventional Purchase | 5.76% | 11/17/24 |
| 15 Year Conventional Refi | 5.59% | 11/17/24 |
| 15 Year Cash-out Refi | 5.59% | 11/17/24 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
Abbeville Building & Loan (a State-chartered Savings Bank) Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
155Origination Dollar Volume (All Markets)
$25,365,000Top 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) | 132 | $21,220,000 | $160,758 | $0 | 0.00% |
| Jennings, LA (FHA|USDA|VA) | 9 | $2,035,000 | $226,111 | $0 | 0.00% |
| Opelousas, LA (FHA|USDA|VA) | 8 | $1,340,000 | $167,500 | $0 | 0.00% |
| DeRidder, LA (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $0 | 0.00% |
| Morgan City, LA (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $0 | 0.00% |
| HOUMA-THIBODAUX, LA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $75,000 | $75,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against Abbeville Building & Loan (A State-Chartered Savings 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 | 155 | $25,365,000 | $163,645 | $0 | 0.00% |
For 2023, Abbeville Building & Loan (a State-chartered Savings Bank)'s most frequently originated type of loan was Conventional, with 155 originations.
Loan Reason
For 2023, Abbeville Building & Loan (a State-chartered Savings Bank)'s most frequently cited loan purpose was Home Purchase, with 96 originations. The 2nd most popular reason was Other, with 23 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 155 | $25,365,000 | $163,645 | $0 | 0.00% |
For 2023, Abbeville Building & Loan (a State-chartered Savings Bank)'s most frequently cited loan duration was Other, with 155 originations.
Loan Sizing
2023 saw Abbeville Building & Loan (a State-chartered Savings Bank) place emphasis on $100k-200k loans with 56 originations, totaling $8,040,000 in origination value.
Applicant Income
Abbeville Building & Loan (a State-chartered Savings Bank) lent most frequently to those with incomes in the $100k-150k range, with 45 originations. The second most popular income band? $150k-250k, with 32 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 155 | $25,365,000 | $163,645 | $0 | 0.00% |
Abbeville Building & Loan (a State-chartered Savings Bank) lent most frequently to those with DTI ratios of Exempt%, with 155 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications90.67%
Abbeville Building & Loan (a State-chartered Savings Bank) has an average approval rate.
Pick Rate
Approvals leading to origination88.39%
Abbeville Building & Loan (a State-chartered Savings Bank) has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 155 | $25,365,000 | $163,645 |