Bom Bank Mortgage Rates, Fees & Info
Natchitoches, LALEI: 549300LDX1HCIL448282
Tax ID: 72-0124970
Latest/2023 | 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 and Refi loans. Bom Bank has a high proportion of conventional loans. Their top markets by origination volume include: Alexandria, Shreveport, Natchitoches, Houston, and Kerrville among others. We have data for 24 markets. (Some data included below & more in-depth data is available with an active subscription.)Bom Bank 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
288Origination Dollar Volume (All Markets)
$85,310,000Top 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 |
|---|---|---|---|---|---|
| ALEXANDRIA, LA (FHA|USDA|VA) | 82 | $19,850,000 | $242,073 | $0 | 0.00% |
| SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) | 77 | $14,565,000 | $189,156 | $0 | 0.00% |
| Outside of Metro Areas | 36 | $13,400,000 | $372,222 | $0 | 0.00% |
| Natchitoches, LA (FHA|USDA|VA) | 68 | $13,220,000 | $194,412 | $0 | 0.00% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 3 | $5,565,000 | $1,855,000 | $0 | 0.00% |
| Kerrville, TX (FHA|USDA|VA) | 1 | $4,655,000 | $4,655,000 | $0 | 0.00% |
| BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) | 1 | $3,685,000 | $3,685,000 | $0 | 0.00% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 2 | $1,780,000 | $890,000 | $0 | 0.00% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 1 | $1,665,000 | $1,665,000 | $0 | 0.00% |
| LAKE CHARLES, LA (FHA|USDA|VA) | 1 | $1,445,000 | $1,445,000 | $0 | 0.00% |
| Jacksonville, TX (FHA|USDA|VA) | 1 | $1,125,000 | $1,125,000 | $0 | 0.00% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 2 | $1,020,000 | $510,000 | $0 | 0.00% |
| LONGVIEW, TX (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $0 | 0.00% |
| Mineral Wells, TX (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $0 | 0.00% |
| Mount Pleasant, TX (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $0 | 0.00% |
| Minden, LA (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $0 | 0.00% |
| BATON ROUGE, LA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 0.00% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 0.00% |
| MONROE, LA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| Lufkin, TX (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 0.00% |
| EL PASO, TX (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
| Ruston, LA (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
| DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 288 | $85,310,000 | $296,215 | $0 | 0.00% |
For 2022, Bom Bank's most frequently originated type of loan was Conventional, with 288 originations.
Loan Reason
For 2022, Bom Bank's most frequently cited loan purpose was Home Purchase, with 181 originations. The 2nd most popular reason was Refi, with 80 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 288 | $85,310,000 | $296,215 | $0 | 0.00% |
For 2022, Bom Bank's most frequently cited loan duration was Other, with 288 originations.
Loan Sizing
2022 saw Bom Bank place emphasis on $100,000 or less loans with 111 originations, totaling $6,325,000 in origination value.
Applicant Income
Bom Bank lent most frequently to those with incomes in the $150k-250k range, with 27 originations. The second most popular income band? $50k or less, with 24 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 288 | $85,310,000 | $296,215 | $0 | 0.00% |
Bom Bank lent most frequently to those with DTI ratios of Exempt%, with 288 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.67%
Bom Bank has an average approval rate.
Pick Rate
Approvals leading to origination88.89%
Bom Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 288 | $85,310,000 | $296,215 |