Bom Bank Mortgage Rates, Fees & Info
Natchitoches, LALEI: 549300LDX1HCIL448282
Tax ID: 72-0124970
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Bom Bank is a smaller bank specializing in Home Purchase loans. Bom Bank has a high proportion of conventional loans. Their top markets by origination volume include: Natchitoches, Alexandria, Shreveport, Houston, and Lufkin among others. We have data for 17 markets. (Some data included below & more in-depth data is available with an active subscription.)Bom Bank has an 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
143Origination Dollar Volume (All Markets)
$32,335,000Top 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 |
|---|---|---|---|---|---|
| Natchitoches, LA (FHA|USDA|VA) | 50 | $10,110,000 | $202,200 | $0 | 0.00% |
| ALEXANDRIA, LA (FHA|USDA|VA) | 34 | $9,290,000 | $273,235 | $0 | 0.00% |
| Outside of Metro Areas | 20 | $3,790,000 | $189,500 | $0 | 0.00% |
| SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) | 16 | $3,340,000 | $208,750 | $0 | 0.00% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 2 | $1,050,000 | $525,000 | $0 | 0.00% |
| Lufkin, TX (FHA|USDA|VA) | 3 | $925,000 | $308,333 | $0 | 0.00% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 2 | $790,000 | $395,000 | $0 | 0.00% |
| Opelousas, LA (FHA|USDA|VA) | 3 | $625,000 | $208,333 | $0 | 0.00% |
| HAMMOND, LA (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $0 | 0.00% |
| BATON ROUGE, LA (FHA|USDA|VA) | 3 | $355,000 | $118,333 | $0 | 0.00% |
| EL PASO, TX (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $0 | 0.00% |
| LAFAYETTE, LA (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $0 | 0.00% |
| Ruston, LA (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $0 | 0.00% |
| MONROE, LA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 0.00% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 0.00% |
| Fort Polk South, LA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
| Minden, LA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 143 | $32,335,000 | $226,119 | $0 | 0.00% |
For 2024, Bom Bank's most frequently originated type of loan was Conventional, with 143 originations.
Loan Reason
For 2024, Bom Bank's most frequently cited loan purpose was Home Purchase, with 96 originations. The 2nd most popular reason was Refi, with 36 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 143 | $32,335,000 | $226,119 | $0 | 0.00% |
For 2024, Bom Bank's most frequently cited loan duration was Other, with 143 originations.
Loan Sizing
2024 saw Bom Bank place emphasis on $100k-200k loans with 44 originations, totaling $6,290,000 in origination value.
Applicant Income
Bom Bank lent most frequently to those with incomes in the $150k-250k range, with 21 originations. The second most popular income band? $50k or less, with 17 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 143 | $32,335,000 | $226,119 | $0 | 0.00% |
Bom Bank lent most frequently to those with DTI ratios of Exempt%, with 143 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications87.17%
Bom Bank has an average approval rate.
Pick Rate
Approvals leading to origination86.01%
Bom Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 143 | $32,335,000 | $226,119 |