Hibernia Bank Mortgage Rates, Fees & Info

New Orleans, LA

LEI: 549300HUMHF4BM3KKS60

Tax ID: 72-0210610

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Mortgage Data

Review & Overview

Hibernia Bank is a smaller bank specializing in Home Purchase and Refi loans. Hibernia Bank has a high proportion of conventional loans. Their top two markets are New Orleans and Hammond .

Hibernia Bank has an above average approval rate when compared to the average across all lenders.

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Originations

36

Origination Dollar Volume (All Markets)

$20,890,000

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
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 35 $20,605,000 $588,714 $0 0.00%
HAMMOND, LA (FHA|USDA|VA) 1 $285,000 $285,000 $0 0.00%
Hibernia Bank's top markets include New Orleans and Hammond among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 36 $20,890,000 $580,278 $0 0.00%

    For 2023, Hibernia Bank's most frequently originated type of loan was Conventional, with 36 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 18 $6,480,000 $360,000 $0 0.00%
    Refi 16 $13,750,000 $859,375 $0 0.00%
    Home Improvement 1 $575,000 $575,000 $0 0.00%
    Other 1 $85,000 $85,000 $0 0.00%

    For 2023, Hibernia Bank's most frequently cited loan purpose was Home Purchase, with 18 originations. The 2nd most popular reason was Refi, with 16 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 36 $20,890,000 $580,278 $0 0.00%

    For 2023, Hibernia Bank's most frequently cited loan duration was Other, with 36 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 15 $4,425,000 $295,000 $0 0.00%
    $100k-200k 7 $1,015,000 $145,000 $0 0.00%
    $600k-1MM 5 $4,005,000 $801,000 $0 0.00%
    $1MM+ 4 $9,840,000 $2,460,000 $0 0.00%
    $400k-600k 3 $1,445,000 $481,667 $0 0.00%
    $100,000 or less 2 $160,000 $80,000 $0 0.00%

    2023 saw Hibernia Bank place emphasis on $200k-400k loans with 15 originations, totaling $4,425,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 4 $1,970,000 $492,500 $0 0.00%
    $75k-100k 2 $190,000 $95,000 $0 0.00%
    $150k-250k 1 $125,000 $125,000 $0 0.00%
    $50k-75k 1 $75,000 $75,000 $0 0.00%

    Hibernia Bank lent most frequently to those with incomes in the $250k+ range, with 4 originations. The second most popular income band? $75k-100k, with 2 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 36 $20,890,000 $580,278 $0 0.00%

    Hibernia Bank lent most frequently to those with DTI ratios of Exempt%, with 36 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 27 $18,215,000 $674,630 $0 0.00%
    White 6 $2,280,000 $380,000 $0 0.00%
    Not provided 2 $290,000 $145,000 $0 0.00%
    Black 1 $105,000 $105,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    97.30%

    Hibernia Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 36 $20,890,000 $580,278

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    36 $20,890,000 $580,278