Rayne Building And Loan Association Mortgage Rates, Fees & Info

RAYNE, LA

LEI: 549300J24Z0NH1T4DR15

Tax ID: 72-0296215

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Mortgage Data

Review & Overview

Rayne Building And Loan Association is a smaller mortgage company specializing in Home Purchase loans. Rayne Building And Loan Association has a high proportion of conventional loans. Their top markets by origination volume include: Lafayette, Opelousas, Jennings, and Lake Charles among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

Rayne Building And Loan Association 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

51

Origination Dollar Volume (All Markets)

$10,135,000

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
LAFAYETTE, LA (FHA|USDA|VA) 42 $7,830,000 $186,429 $0 0.00%
Opelousas, LA (FHA|USDA|VA) 4 $1,270,000 $317,500 $0 0.00%
Jennings, LA (FHA|USDA|VA) 3 $605,000 $201,667 $0 0.00%
LAKE CHARLES, LA (FHA|USDA|VA) 1 $245,000 $245,000 $0 0.00%
Outside of Metro Areas 1 $185,000 $185,000 $0 0.00%
Rayne Building And Loan Association's top markets include Lafayette, Opelousas, Jennings, and Lake Charles among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 51 $10,135,000 $198,725 $0 0.00%

    For 2023, Rayne Building And Loan Association's most frequently originated type of loan was Conventional, with 51 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 36 $8,360,000 $232,222 $0 0.00%
    Home Improvement 9 $1,035,000 $115,000 $0 0.00%
    Cash Out Refi 4 $390,000 $97,500 $0 0.00%
    Other 1 $205,000 $205,000 $0 0.00%
    Refi 1 $145,000 $145,000 $0 0.00%

    For 2023, Rayne Building And Loan Association's most frequently cited loan purpose was Home Purchase, with 36 originations. The 2nd most popular reason was Home Improvement, with 9 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 51 $10,135,000 $198,725 $0 0.00%

    For 2023, Rayne Building And Loan Association's most frequently cited loan duration was Other, with 51 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 22 $3,230,000 $146,818 $0 0.00%
    $200k-400k 13 $3,805,000 $292,692 $0 0.00%
    $100,000 or less 11 $685,000 $62,273 $0 0.00%
    $400k-600k 4 $1,800,000 $450,000 $0 0.00%
    $600k-1MM 1 $615,000 $615,000 $0 0.00%

    2023 saw Rayne Building And Loan Association place emphasis on $100k-200k loans with 22 originations, totaling $3,230,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 14 $3,470,000 $247,857 $0 0.00%
    $150k-250k 10 $2,760,000 $276,000 $0 0.00%
    $50k or less 9 $925,000 $102,778 $0 0.00%
    $50k-75k 8 $990,000 $123,750 $0 0.00%
    $250k+ 5 $1,455,000 $291,000 $0 0.00%
    $75k-100k 4 $490,000 $122,500 $0 0.00%

    Rayne Building And Loan Association lent most frequently to those with incomes in the $100k-150k range, with 14 originations. The second most popular income band? $150k-250k, with 10 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 51 $10,135,000 $198,725 $0 0.00%

    Rayne Building And Loan Association lent most frequently to those with DTI ratios of Exempt%, with 51 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 48 $9,410,000 $196,042 $0 0.00%
    Asian 1 $495,000 $495,000 $0 0.00%
    Not provided 1 $185,000 $185,000 $0 0.00%
    Not applicable 1 $45,000 $45,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    90.00%

    Rayne Building And Loan Association has an average approval rate.

    Pick Rate

    Approvals leading to origination
    76.47%

    Rayne Building And Loan Association has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 51 $10,135,000 $198,725

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    51 $10,135,000 $198,725