Fifth District Savings Bank Mortgage Rates, Fees & Info

New Orleans, LA

LEI: 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

71

Origination Dollar Volume (All Markets)

$27,115,000

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
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%
Fifth District Savings Bank's top markets include New Orleans, Baton Rouge, and Hammond among others.

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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 58 $24,680,000 $425,517 $0 0.00%
    Home Improvement 6 $1,060,000 $176,667 $0 0.00%
    Refi 6 $870,000 $145,000 $0 0.00%
    Other 1 $505,000 $505,000 $0 0.00%

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 26 $7,080,000 $272,308 $0 0.00%
    $400k-600k 15 $7,245,000 $483,000 $0 0.00%
    $600k-1MM 12 $9,000,000 $750,000 $0 0.00%
    $100,000 or less 8 $490,000 $61,250 $0 0.00%
    $100k-200k 8 $1,100,000 $137,500 $0 0.00%
    $1MM+ 2 $2,200,000 $1,100,000 $0 0.00%

    2023 saw Fifth District Savings Bank place emphasis on $200k-400k loans with 26 originations, totaling $7,080,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 23 $9,355,000 $406,739 $0 0.00%
    $250k+ 18 $11,930,000 $662,778 $0 0.00%
    $100k-150k 15 $3,675,000 $245,000 $0 0.00%
    $75k-100k 9 $1,475,000 $163,889 $0 0.00%
    $50k-75k 5 $605,000 $121,000 $0 0.00%
    $50k or less 1 $75,000 $75,000 $0 0.00%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 63 $22,985,000 $364,841 $0 0.00%
    Not provided 4 $2,290,000 $572,500 $0 0.00%
    Asian 2 $1,000,000 $500,000 $0 0.00%
    Black 2 $840,000 $420,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    87.10%

    Fifth District Savings Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    91.55%

    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

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    71 $27,115,000 $381,901