Hibernia Bank Mortgage Rates, Fees & Info
New Orleans, LALEI: 549300HUMHF4BM3KKS60
Tax ID: 72-0210610
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Mortgage Data
Review & Overview
Hibernia Bank is a smaller bank specializing in Refi and Home Purchase loans. Hibernia Bank has a high proportion of conventional loans. Their top (well, only) market is New Orleans.Hibernia Bank has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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Originations
27Origination Dollar Volume (All Markets)
$8,345,000Top 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) | 27 | $8,345,000 | $309,074 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 27 | $8,345,000 | $309,074 | $0 | 0.00% |
For 2018, Hibernia Bank's most frequently originated type of loan was Conventional, with 27 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Refi | 14 | $3,760,000 | $268,571 | $0 | 0.00% |
| Home Purchase | 11 | $4,465,000 | $405,909 | $0 | 0.00% |
| Other | 2 | $120,000 | $60,000 | $0 | 0.00% |
For 2018, Hibernia Bank's most frequently cited loan purpose was Refi, with 14 originations. The 2nd most popular reason was Home Purchase, with 11 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 27 | $8,345,000 | $309,074 | $0 | 0.00% |
For 2018, Hibernia Bank's most frequently cited loan duration was Other, with 27 originations.
Loan Sizing
2018 saw Hibernia Bank place emphasis on $200k-400k loans with 12 originations, totaling $3,080,000 in origination value.
Applicant Income
Hibernia Bank lent most frequently to those with incomes in the $150k-250k range, with 6 originations. The second most popular income band? $250k+, with 4 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 27 | $8,345,000 | $309,074 | $0 | 0.00% |
Hibernia Bank lent most frequently to those with DTI ratios of Exempt%, with 27 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 17 | $4,735,000 | $278,529 | $0 | 0.00% |
| Not applicable | 10 | $3,610,000 | $361,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications94.59%
Hibernia Bank has an average approval rate.
Pick Rate
Approvals leading to origination88.89%
Hibernia Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 27 | $8,345,000 | $309,074 |