Rayne Building And Loan Association Mortgage Rates, Fees & Info

RAYNE, LA

LEI: 549300J24Z0NH1T4DR15

Tax ID: 72-0296215

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • 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 New Orleans among others. We have data for 4 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

    59

    Origination Dollar Volume (All Markets)

    $8,885,000

    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) 55 $7,645,000 $139,000 $0 0.00%
    Opelousas, LA (FHA|USDA|VA) 2 $750,000 $375,000 $0 0.00%
    Jennings, LA (FHA|USDA|VA) 1 $285,000 $285,000 $0 0.00%
    NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 1 $205,000 $205,000 $0 0.00%
    Rayne Building And Loan Association's top markets include Lafayette, Opelousas, Jennings, 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 59 $8,885,000 $150,593 $0 0.00%

    For 2018, Rayne Building And Loan Association's most frequently originated type of loan was Conventional, with 59 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 32 $6,030,000 $188,438 $0 0.00%
    Refi 15 $1,415,000 $94,333 $0 0.00%
    Home Improvement 6 $570,000 $95,000 $0 0.00%
    Cash Out Refi 5 $835,000 $167,000 $0 0.00%
    Other 1 $35,000 $35,000 $0 0.00%

    For 2018, Rayne Building And Loan Association's most frequently cited loan purpose was Home Purchase, with 32 originations. The 2nd most popular reason was Refi, with 15 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 59 $8,885,000 $150,593 $0 0.00%

    For 2018, Rayne Building And Loan Association's most frequently cited loan duration was Other, with 59 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 28 $3,840,000 $137,143 $0 0.00%
    $100,000 or less 18 $1,080,000 $60,000 $0 0.00%
    $200k-400k 10 $2,710,000 $271,000 $0 0.00%
    $400k-600k 3 $1,255,000 $418,333 $0 0.00%

    2018 saw Rayne Building And Loan Association place emphasis on $100k-200k loans with 28 originations, totaling $3,840,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 17 $2,075,000 $122,059 $0 0.00%
    $75k-100k 11 $1,425,000 $129,545 $0 0.00%
    $50k or less 9 $775,000 $86,111 $0 0.00%
    $100k-150k 8 $1,580,000 $197,500 $0 0.00%
    $150k-250k 5 $1,335,000 $267,000 $0 0.00%
    $250k+ 4 $1,050,000 $262,500 $0 0.00%

    Rayne Building And Loan Association lent most frequently to those with incomes in the $50k-75k range, with 17 originations. The second most popular income band? $75k-100k, with 11 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 59 $8,885,000 $150,593 $0 0.00%

    Rayne Building And Loan Association lent most frequently to those with DTI ratios of Exempt%, with 59 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 54 $8,240,000 $152,593 $0 0.00%
    Not applicable 5 $645,000 $129,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    91.67%

    Rayne Building And Loan Association has an average approval rate.

    Pick Rate

    Approvals leading to origination
    88.14%

    Rayne Building And Loan Association has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 59 $8,885,000 $150,593

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 4 $320,000 $80,000
    Single Family (1-4 Units):Site-Built 55 $8,565,000 $155,727