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

Abbeville, LA

LEI: 549300FJ9SHI3GDB7327

Tax ID: 72-0504073

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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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 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, Opelousas, Jennings, Deridder, and Lake Charles 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 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

    210

    Origination Dollar Volume (All Markets)

    $44,700,000

    Awards

    Abbeville Building & Loan (A State-Chartered Savings Bank) 30 Year Conventional Loans silver
    Show all (1) 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) 175 $36,205,000 $206,886 $4,150 4.78%
    Opelousas, LA (FHA|USDA|VA) 14 $3,530,000 $252,143 $4,793 4.42%
    Jennings, LA (FHA|USDA|VA) 11 $2,855,000 $259,545 $5,161 4.52%
    Outside of Metro Areas 5 $1,325,000 $265,000 $5,150 4.68%
    DeRidder, LA (FHA|USDA|VA) 1 $285,000 $285,000 $3,962 3.63%
    LAKE CHARLES, LA (FHA|USDA|VA) 3 $265,000 $88,333 $2,523 5.54%
    BATON ROUGE, LA (FHA|USDA|VA) 1 $235,000 $235,000 $3,756 3.88%
    Abbeville Building & Loan (a State-chartered Savings Bank)'s top markets include Lafayette, Opelousas, Jennings, Deridder, and Lake Charles 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.

    The Bank
    Similarity Rank: 48
    MERITUS Federal Credit Union
    Similarity Rank: 58
    Home Bank
    Similarity Rank: 216
    Abbeville Building & Loan (A State-Chartered Savings Bank)
    Similarity Rank: 224
    Pelican State Credit Union
    Similarity Rank: 399
    TIB The Independent Bankersbank
    Similarity Rank: 702
    DSLD MORTGAGE, LLC
    Similarity Rank: 912
    STANDARD MORTGAGE CORPORATION
    Similarity Rank: 1333
    ADVANCIAL
    Similarity Rank: 5236
    Hancock Whitney Bank
    Similarity Rank: 5293

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 210 $44,700,000 $212,857 $4,244 4.74%

    For 2022, Abbeville Building & Loan (a State-chartered Savings Bank)'s most frequently originated type of loan was Conventional, with 210 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 130 $32,810,000 $252,385 $5,059 4.80%
    Cash Out Refi 33 $5,625,000 $170,455 $3,273 3.99%
    Other 19 $1,725,000 $90,789 $1,855 6.18%
    Refi 18 $3,560,000 $197,778 $3,692 3.76%
    Home Improvement 10 $980,000 $98,000 $2,388 5.56%

    For 2022, Abbeville Building & Loan (a State-chartered Savings Bank)'s most frequently cited loan purpose was Home Purchase, with 130 originations. The 2nd most popular reason was Cash Out Refi, with 33 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 84 $17,990,000 $214,167 $3,954 4.72%
    30+ year 60 $18,650,000 $310,833 $6,107 5.01%
    15 Year 29 $3,875,000 $133,621 $3,135 3.47%
    10 Year 21 $1,205,000 $57,381 $1,170 5.99%
    Other 9 $1,665,000 $185,000 $5,527 4.67%
    20 Year 7 $1,315,000 $187,857 $3,919 4.27%

    For 2022, Abbeville Building & Loan (a State-chartered Savings Bank)'s most frequently cited loan duration was 30 Year, with 84 originations. The 2nd most popular length was 30+ year, with 60 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 154 $38,350,000 $249,026
    $<1k 55 $5,805,000 $105,545
    $2k-3k 1 $545,000 $545,000

    Abbeville Building & Loan (a State-chartered Savings Bank)'s average total fees were $3,954, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 154 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 53 $10,615,000 $200,283
    3-4% 53 $14,175,000 $267,453
    5-6% 45 $11,015,000 $244,778
    6-7% 33 $4,635,000 $140,455
    2.5-3% 11 $1,475,000 $134,091
    <2.5% 8 $900,000 $112,500
    7-8% 7 $1,885,000 $269,286

    During 2022, Abbeville Building & Loan (a State-chartered Savings Bank)'s average interest rate for loans was 4.72%, while their most frequently originated rate bucket for loans was 4-5%, with 53 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 86 $24,230,000 $281,744 $5,056 4.80%
    $100k-200k 59 $8,825,000 $149,576 $3,906 4.45%
    $100,000 or less 47 $2,765,000 $58,830 $2,316 5.06%
    $400k-600k 15 $6,975,000 $465,000 $6,469 4.41%
    $600k-1MM 3 $1,905,000 $635,000 $6,696 5.58%

    2022 saw Abbeville Building & Loan (a State-chartered Savings Bank) place emphasis on $200k-400k loans with 86 originations, totaling $24,230,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 65 $15,815,000 $243,308 $4,362 4.83%
    $75k-100k 42 $8,210,000 $195,476 $4,309 4.38%
    $150k-250k 40 $10,290,000 $257,250 $4,618 5.14%
    $50k or less 30 $3,630,000 $121,000 $3,650 4.80%
    $50k-75k 25 $3,495,000 $139,800 $3,815 4.39%
    $250k+ 8 $3,260,000 $407,500 $4,640 4.88%

    Abbeville Building & Loan (a State-chartered Savings Bank) lent most frequently to those with incomes in the $100k-150k range, with 65 originations. The second most popular income band? $75k-100k, with 42 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 58 $12,900,000 $222,414 $4,287 4.63%
    <20% 35 $6,085,000 $173,857 $3,941 4.28%
    30-36% 32 $7,830,000 $244,688 $4,393 4.84%
    42% 10 $2,130,000 $213,000 $4,240 4.39%
    36% 9 $2,385,000 $265,000 $5,315 5.17%
    37% 8 $2,140,000 $267,500 $4,820 4.98%
    45% 8 $1,860,000 $232,500 $4,788 4.25%
    38% 7 $1,715,000 $245,000 $4,406 5.23%
    48% 7 $1,105,000 $157,857 $3,769 4.93%
    40% 7 $1,285,000 $183,571 $3,773 5.07%
    44% 6 $950,000 $158,333 $5,172 5.35%
    43% 6 $1,210,000 $201,667 $4,105 4.42%
    47% 5 $875,000 $175,000 $3,384 4.30%
    39% 5 $1,215,000 $243,000 $4,524 5.60%
    50-60% 3 $125,000 $41,667 $667 6.83%
    49% 2 $680,000 $340,000 $5,078 5.88%
    41% 1 $185,000 $185,000 $5,492 4.63%
    46% 1 $25,000 $25,000 $536 6.75%

    Abbeville Building & Loan (a State-chartered Savings Bank) lent most frequently to those with DTI ratios of 20-30%, with 58 originations. The next most common DTI ratio? <20%, with 35 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 128 $27,630,000 $215,859 $4,350 4.63%
    Not provided 71 $14,745,000 $207,676 $3,921 4.89%
    Black 6 $1,380,000 $230,000 $5,770 5.25%
    Asian 4 $910,000 $227,500 $4,610 4.63%
    Native Hawaiian or Islander 1 $35,000 $35,000 $2,899 6.63%

    Approval Rates

    Total approvals of all applications
    90.00%

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

    Pick Rate

    Approvals leading to origination
    92.86%

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

    Points and Fees

    Points Originations Total Value Average Loan
    NA 210 $44,700,000 $212,857

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    210 $44,700,000 $212,857

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 16 $1,280,000 $80,000 $2,148 5.05%
    40-60% 19 $2,045,000 $107,632 $3,531 4.21%
    60-80% 66 $15,400,000 $233,333 $4,615 4.61%
    80-100% 96 $25,360,000 $264,167 $4,892 4.73%
    Under 20% 13 $615,000 $47,308 $1,195 5.96%