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 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

27

Origination Dollar Volume (All Markets)

$8,345,000

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) 27 $8,345,000 $309,074 $0 0.00%
Hibernia Bank's top markets include and New Orleans among others.

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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 12 $3,080,000 $256,667 $0 0.00%
    $400k-600k 5 $2,375,000 $475,000 $0 0.00%
    $100,000 or less 4 $270,000 $67,500 $0 0.00%
    $100k-200k 4 $610,000 $152,500 $0 0.00%
    $1MM+ 1 $1,255,000 $1,255,000 $0 0.00%
    $600k-1MM 1 $755,000 $755,000 $0 0.00%

    2018 saw Hibernia Bank place emphasis on $200k-400k loans with 12 originations, totaling $3,080,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 6 $1,790,000 $298,333 $0 0.00%
    $250k+ 4 $1,650,000 $412,500 $0 0.00%
    $100k-150k 2 $260,000 $130,000 $0 0.00%
    $50k-75k 2 $630,000 $315,000 $0 0.00%
    $75k-100k 2 $270,000 $135,000 $0 0.00%
    $50k or less 1 $135,000 $135,000 $0 0.00%

    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 applications
    94.59%

    Hibernia Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    88.89%

    Hibernia Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 27 $8,345,000 $309,074

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 1 $165,000 $165,000
    Single Family (1-4 Units):Site-Built 26 $8,180,000 $314,615