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 Refi, Cash Out Refi, and 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 Baton Rouge among others. We have data for 12 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. Abbeville Building & Loan (a State-chartered Savings Bank) is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.
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% | 4/21/24 |
| 30 Year Conventional Refi | 6.17% | 4/21/24 |
| 30 Year Cash-out Refi | 6.52% | 4/21/24 |
| 15 Year Conventional Purchase | 5.76% | 4/21/24 |
| 15 Year Conventional Refi | 5.59% | 4/21/24 |
| 15 Year Cash-out Refi | 5.59% | 4/21/24 |
| 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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Originations
611Origination Dollar Volume (All Markets)
$127,655,000Awards
Abbeville Building & Loan (A State-Chartered Savings Bank) - 2021
Abbeville Building & Loan (A State-Chartered Savings Bank) is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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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) | 504 | $104,000,000 | $206,349 | $3,542 | 2.51% |
| Jennings, LA (FHA|USDA|VA) | 43 | $7,875,000 | $183,140 | $3,358 | 2.57% |
| Opelousas, LA (FHA|USDA|VA) | 29 | $7,245,000 | $249,828 | $4,195 | 2.66% |
| Morgan City, LA (FHA|USDA|VA) | 8 | $2,110,000 | $263,750 | $3,300 | 2.59% |
| Outside of Metro Areas | 7 | $1,915,000 | $273,571 | $4,606 | 2.64% |
| BATON ROUGE, LA (FHA|USDA|VA) | 7 | $1,665,000 | $237,857 | $3,703 | 2.41% |
| LAKE CHARLES, LA (FHA|USDA|VA) | 8 | $1,590,000 | $198,750 | $3,592 | 2.58% |
| HOUMA-THIBODAUX, LA (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $4,067 | 2.00% |
| DeRidder, LA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $3,947 | 2.50% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $3,926 | 2.75% |
| ALEXANDRIA, LA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $6,081 | 3.50% |
| SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,064 | 2.38% |
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 | 611 | $127,655,000 | $208,928 | $3,577 | 2.53% |
For 2021, Abbeville Building & Loan (a State-chartered Savings Bank)'s most frequently originated type of loan was Conventional, with 611 originations.
Loan Reason
For 2021, Abbeville Building & Loan (a State-chartered Savings Bank)'s most frequently cited loan purpose was Refi, with 246 originations. The 2nd most popular reason was Cash Out Refi, with 210 originations.
Loan Duration/Length
For 2021, Abbeville Building & Loan (a State-chartered Savings Bank)'s most frequently cited loan duration was 30 Year, with 274 originations. The 2nd most popular length was 15 Year, with 207 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 310 | $57,790,000 | $186,419 |
| $1k-2k | 300 | $69,460,000 | $231,533 |
| $4k-5k | 1 | $405,000 | $405,000 |
Abbeville Building & Loan (a State-chartered Savings Bank)'s average total fees were $4,141, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 310 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| <2.5% | 343 | $63,295,000 | $184,534 |
| 2.5-3% | 198 | $43,940,000 | $221,919 |
| 3-4% | 68 | $20,130,000 | $296,029 |
| 4-5% | 1 | $255,000 | $255,000 |
| 6-7% | 1 | $35,000 | $35,000 |
During 2021, Abbeville Building & Loan (a State-chartered Savings Bank)'s average interest rate for loans was 2.86%, while their most frequently originated rate bucket for loans was <2.5%, with 343 originations.
Loan Sizing
2021 saw Abbeville Building & Loan (a State-chartered Savings Bank) place emphasis on $100k-200k loans with 247 originations, totaling $36,945,000 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 192 originations. The second most popular income band? $150k-250k, with 122 originations.
Applicant Debt to Income Ratio
Abbeville Building & Loan (a State-chartered Savings Bank) lent most frequently to those with DTI ratios of 20-30%, with 214 originations. The next most common DTI ratio? <20%, with 170 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications91.47%
Abbeville Building & Loan (a State-chartered Savings Bank) has an average approval rate.
Pick Rate
Approvals leading to origination93.94%
Abbeville Building & Loan (a State-chartered Savings Bank) has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 611 | $127,655,000 | $208,928 |