Rayne Building And Loan Association Mortgage Rates, Fees & Info
RAYNE, LALEI: 549300J24Z0NH1T4DR15
Tax ID: 72-0296215
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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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
51Origination Dollar Volume (All Markets)
$10,135,000Top 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 |
---|---|---|---|---|---|
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% |
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
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
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
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
Approval Rates
Total approvals of all applications90.00%
Rayne Building And Loan Association has an average approval rate.
Pick Rate
Approvals leading to origination76.47%
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 |