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

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • 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.

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    Originations

    611

    Origination Dollar Volume (All Markets)

    $127,655,000

    Awards

    Abbeville Building & Loan (A State-Chartered Savings Bank) 30 Year Conventional Loans gold Abbeville Building & Loan (A State-Chartered Savings Bank) 30 Year Conventional Loans gold Abbeville Building & Loan (A State-Chartered Savings Bank) 30 Year Conventional Loans gold Abbeville Building & Loan (A State-Chartered Savings Bank) 30 Year Conventional Loans gold
    Show all (4) awards

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

    Bank of Abbeville & Trust Company
    Similarity Rank: 161
    Abbeville Building & Loan (A State-Chartered Savings Bank)
    Similarity Rank: 384
    DSLD MORTGAGE, LLC
    Similarity Rank: 702
    Home Bank
    Similarity Rank: 925
    The Bank
    Similarity Rank: 1045
    TIB The Independent Bankersbank
    Similarity Rank: 2790
    STANDARD MORTGAGE CORPORATION
    Similarity Rank: 3648
    ADVANCIAL
    Similarity Rank: 4238
    Lakeview Community Capital, LLC
    Similarity Rank: 4928
    Hancock Whitney Bank
    Similarity Rank: 7200

    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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 246 $49,960,000 $203,089 $3,134 2.35%
    Cash Out Refi 210 $38,230,000 $182,048 $3,079 2.44%
    Home Purchase 154 $39,430,000 $256,039 $4,990 2.90%
    Other 1 $35,000 $35,000 $949 6.50%

    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

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 274 $68,090,000 $248,504 $4,141 2.86%
    15 Year 207 $36,135,000 $174,565 $3,125 2.13%
    20 Year 95 $18,285,000 $192,474 $3,111 2.55%
    10 Year 34 $5,110,000 $150,294 $3,152 2.04%
    5 Year 1 $35,000 $35,000 $949 6.50%

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 247 $36,945,000 $149,575 $3,193 2.41%
    $200k-400k 227 $62,525,000 $275,441 $3,917 2.65%
    $100,000 or less 92 $6,980,000 $75,870 $2,900 2.41%
    $400k-600k 45 $21,205,000 $471,222 $5,338 2.76%

    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

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 192 $40,480,000 $210,833 $3,503 2.49%
    $150k-250k 122 $32,890,000 $269,590 $3,767 2.58%
    $50k-75k 109 $16,075,000 $147,477 $3,454 2.51%
    $75k-100k 92 $19,030,000 $206,848 $3,805 2.64%
    $50k or less 62 $7,070,000 $114,032 $3,187 2.53%
    $250k+ 34 $12,110,000 $356,176 $3,803 2.27%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 214 $44,990,000 $210,234 $3,599 2.56%
    <20% 170 $32,490,000 $191,118 $3,295 2.38%
    30-36% 88 $19,580,000 $222,500 $3,647 2.66%
    41% 18 $4,340,000 $241,111 $4,081 2.76%
    37% 17 $4,135,000 $243,235 $4,183 2.71%
    36% 16 $3,070,000 $191,875 $3,326 2.48%
    44% 12 $2,840,000 $236,667 $4,020 2.46%
    45% 11 $2,515,000 $228,636 $3,978 2.58%
    40% 11 $2,295,000 $208,636 $4,123 2.49%
    43% 10 $1,640,000 $164,000 $3,429 2.49%
    38% 10 $2,510,000 $251,000 $4,383 2.86%
    46% 9 $1,725,000 $191,667 $3,213 2.33%
    39% 8 $1,990,000 $248,750 $4,201 2.75%
    47% 7 $1,305,000 $186,429 $3,280 2.38%
    42% 6 $1,560,000 $260,000 $3,996 2.54%
    48% 2 $310,000 $155,000 $3,278 2.00%
    49% 1 $275,000 $275,000 $1,840 2.25%
    50-60% 1 $85,000 $85,000 $3,356 2.88%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 366 $77,270,000 $211,120 $3,693 2.59%
    Not provided 210 $42,200,000 $200,952 $3,308 2.42%
    Asian 20 $4,320,000 $216,000 $3,668 2.26%
    Black 15 $3,865,000 $257,667 $4,365 2.78%

    Approval Rates

    Total approvals of all applications
    91.47%

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

    Pick Rate

    Approvals leading to origination
    93.94%

    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

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    611 $127,655,000 $208,928

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 37 $4,485,000 $121,216 $3,000 2.19%
    40-60% 134 $22,480,000 $167,761 $3,137 2.27%
    60-80% 314 $69,310,000 $220,732 $3,547 2.55%
    80-100% 125 $31,345,000 $250,760 $4,312 2.79%
    Under 20% 1 $35,000 $35,000 $949 6.50%