Hibernia Bank Mortgage Rates, Fees & Info
New Orleans, LALEI: 549300HUMHF4BM3KKS60
Tax ID: 72-0210610
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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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
36Origination Dollar Volume (All Markets)
$20,890,000Top 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 |
|---|---|---|---|---|---|
| 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% |
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
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
2023 saw Hibernia Bank place emphasis on $200k-400k loans with 15 originations, totaling $4,425,000 in origination value.
Applicant Income
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
Approval Rates
Total approvals of all applications97.30%
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 originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 36 | $20,890,000 | $580,278 |