Fifth District Savings Bank Mortgage Rates, Fees & Info
New Orleans, LALEI: 549300JXWG67QZF4I652
Tax ID: 72-0184630
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Mortgage Data
Review & Overview
Fifth District Savings Bank is a smaller bank specializing in Home Purchase loans. Fifth District Savings Bank has a high proportion of conventional loans. Their top markets by origination volume include: New Orleans, Baton Rouge, and Hammond among others. We have data for 3 markets. (Some data included below & more in-depth data is available with an active subscription.)Fifth District Savings Bank has an average approval rate when compared to the average across all lenders. They have an average pick rate when compared to similar lenders.
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Originations
71Origination Dollar Volume (All Markets)
$27,115,000Top 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) | 68 | $26,110,000 | $383,971 | $0 | 0.00% |
| BATON ROUGE, LA (FHA|USDA|VA) | 2 | $880,000 | $440,000 | $0 | 0.00% |
| HAMMOND, LA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 71 | $27,115,000 | $381,901 | $0 | 0.00% |
For 2023, Fifth District Savings Bank's most frequently originated type of loan was Conventional, with 71 originations.
Loan Reason
For 2023, Fifth District Savings Bank's most frequently cited loan purpose was Home Purchase, with 58 originations. The 2nd most popular reason was Home Improvement, with 6 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 71 | $27,115,000 | $381,901 | $0 | 0.00% |
For 2023, Fifth District Savings Bank's most frequently cited loan duration was Other, with 71 originations.
Loan Sizing
2023 saw Fifth District Savings Bank place emphasis on $200k-400k loans with 26 originations, totaling $7,080,000 in origination value.
Applicant Income
Fifth District Savings Bank lent most frequently to those with incomes in the $150k-250k range, with 23 originations. The second most popular income band? $250k+, with 18 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 71 | $27,115,000 | $381,901 | $0 | 0.00% |
Fifth District Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 71 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications87.10%
Fifth District Savings Bank has an average approval rate.
Pick Rate
Approvals leading to origination91.55%
Fifth District Savings Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 71 | $27,115,000 | $381,901 |