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 two markets are New Orleans and Gulfport .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
22Origination Dollar Volume (All Markets)
$10,230,000Top 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) | 21 | $9,875,000 | $470,238 | $0 | 0.00% |
| GULFPORT-BILOXI, MS (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 22 | $10,230,000 | $465,000 | $0 | 0.00% |
For 2019, Hibernia Bank's most frequently originated type of loan was Conventional, with 22 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Refi | 13 | $5,685,000 | $437,308 | $0 | 0.00% |
| Home Purchase | 8 | $4,340,000 | $542,500 | $0 | 0.00% |
| Other | 1 | $205,000 | $205,000 | $0 | 0.00% |
For 2019, Hibernia Bank's most frequently cited loan purpose was Refi, with 13 originations. The 2nd most popular reason was Home Purchase, with 8 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 22 | $10,230,000 | $465,000 | $0 | 0.00% |
For 2019, Hibernia Bank's most frequently cited loan duration was Other, with 22 originations.
Loan Sizing
2019 saw Hibernia Bank place emphasis on $200k-400k loans with 8 originations, totaling $2,320,000 in origination value.
Applicant Income
Hibernia Bank lent most frequently to those with incomes in the $250k+ range, with 7 originations. The second most popular income band? $100k-150k, with 4 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 22 | $10,230,000 | $465,000 | $0 | 0.00% |
Hibernia Bank lent most frequently to those with DTI ratios of Exempt%, with 22 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 17 | $8,495,000 | $499,706 | $0 | 0.00% |
| Not applicable | 5 | $1,735,000 | $347,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications100.00%
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 origination86.36%
Hibernia Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 22 | $10,230,000 | $465,000 |