Abbeville Building & Loan (a State-chartered Savings Bank) Mortgage Rates, Fees & Info

Abbeville, LA

LEI: 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% 4/14/24
30 Year Conventional Refi 6.17% 4/14/24
30 Year Cash-out Refi 6.52% 4/14/24
15 Year Conventional Purchase 5.76% 4/14/24
15 Year Conventional Refi 5.59% 4/14/24
15 Year Cash-out Refi 5.59% 4/14/24
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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This is not an official calculator from Abbeville Building & Loan (a State-chartered Savings Bank). It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

155

Origination Dollar Volume (All Markets)

$25,365,000

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) 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%
Abbeville Building & Loan (a State-chartered Savings Bank)'s top markets include Lafayette, Jennings, Opelousas, Deridder, and Morgan City among others.

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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 96 $20,370,000 $212,188 $0 0.00%
    Other 23 $1,535,000 $66,739 $0 0.00%
    Cash Out Refi 17 $1,905,000 $112,059 $0 0.00%
    Home Improvement 12 $550,000 $45,833 $0 0.00%
    Refi 7 $1,005,000 $143,571 $0 0.00%

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 56 $8,040,000 $143,571 $0 0.00%
    $100,000 or less 55 $2,605,000 $47,364 $0 0.00%
    $200k-400k 32 $8,940,000 $279,375 $0 0.00%
    $400k-600k 11 $5,095,000 $463,182 $0 0.00%
    $600k-1MM 1 $685,000 $685,000 $0 0.00%

    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

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 45 $8,145,000 $181,000 $0 0.00%
    $150k-250k 32 $8,010,000 $250,313 $0 0.00%
    $50k-75k 28 $2,860,000 $102,143 $0 0.00%
    $75k-100k 27 $3,375,000 $125,000 $0 0.00%
    $50k or less 18 $1,150,000 $63,889 $0 0.00%
    $250k+ 5 $1,825,000 $365,000 $0 0.00%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 113 $18,475,000 $163,496 $0 0.00%
    Not provided 38 $6,180,000 $162,632 $0 0.00%
    Black 3 $625,000 $208,333 $0 0.00%
    American Indian 1 $85,000 $85,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    90.67%

    Abbeville Building & Loan (a State-chartered Savings Bank) has an average approval rate.

    Pick Rate

    Approvals leading to origination
    88.39%

    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

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    155 $25,365,000 $163,645