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, Morgan City, and New Orleans among others. We have data for 8 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 an above average pick rate when compared to similar lenders.
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Originations
267Origination Dollar Volume (All Markets)
$47,395,000Top 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) | 236 | $41,080,000 | $174,068 | $0 | 0.00% |
| Jennings, LA (FHA|USDA|VA) | 16 | $3,560,000 | $222,500 | $0 | 0.00% |
| Opelousas, LA (FHA|USDA|VA) | 8 | $1,820,000 | $227,500 | $0 | 0.00% |
| Outside of Metro Areas | 2 | $270,000 | $135,000 | $0 | 0.00% |
| Morgan City, LA (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $0 | 0.00% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| BATON ROUGE, LA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 0.00% |
| LAKE CHARLES, LA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $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 | 267 | $47,395,000 | $177,509 | $0 | 0.00% |
For 2018, Abbeville Building & Loan (a State-chartered Savings Bank)'s most frequently originated type of loan was Conventional, with 267 originations.
Loan Reason
For 2018, Abbeville Building & Loan (a State-chartered Savings Bank)'s most frequently cited loan purpose was Home Purchase, with 174 originations. The 2nd most popular reason was Cash Out Refi, with 61 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 267 | $47,395,000 | $177,509 | $0 | 0.00% |
For 2018, Abbeville Building & Loan (a State-chartered Savings Bank)'s most frequently cited loan duration was Other, with 267 originations.
Loan Sizing
2018 saw Abbeville Building & Loan (a State-chartered Savings Bank) place emphasis on $200k-400k loans with 95 originations, totaling $25,905,000 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 70 originations. The second most popular income band? $75k-100k, with 62 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 267 | $47,395,000 | $177,509 | $0 | 0.00% |
Abbeville Building & Loan (a State-chartered Savings Bank) lent most frequently to those with DTI ratios of Exempt%, with 267 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications90.63%
Abbeville Building & Loan (a State-chartered Savings Bank) has an average approval rate.
Pick Rate
Approvals leading to origination93.26%
Abbeville Building & Loan (a State-chartered Savings Bank) has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 267 | $47,395,000 | $177,509 |