The Bank Mortgage Rates, Fees & Info

Jennings, LA

LEI: 549300M4E3MK3F5GQW40

Tax ID: 74-2815524

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

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • 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

    The Bank is a smaller bank specializing in Home Purchase and Refi loans. The Bank has a high proportion of conventional loans. Their top markets by origination volume include: Jennings, Lafayette, Lake Charles, Pensacola, and Opelousas among others. We have data for 12 markets. (Some data included below & more in-depth data is available with an active subscription.)

    The Bank has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders. The Bank is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have relatively high rates.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 8.80% 5/19/24
    30 Year Conventional Refi 8.41% 5/19/24
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

    The Bank Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from The Bank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    286

    Origination Dollar Volume (All Markets)

    $50,920,000

    Awards

    The Bank 30 Year Conventional Loans gold The Bank 30 Year Conventional Loans silver
    Show all (2) awards

    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
    Jennings, LA (FHA|USDA|VA) 118 $18,370,000 $155,678 $1,949 6.52%
    LAFAYETTE, LA (FHA|USDA|VA) 80 $11,860,000 $148,250 $2,252 6.73%
    LAKE CHARLES, LA (FHA|USDA|VA) 61 $11,255,000 $184,508 $2,828 6.77%
    Outside of Metro Areas 13 $6,265,000 $481,923 $2,820 6.70%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 2 $1,050,000 $525,000 $0 5.00%
    Opelousas, LA (FHA|USDA|VA) 6 $980,000 $163,333 $1,463 7.67%
    Greeneville, TN (FHA|USDA|VA) 1 $475,000 $475,000 $5,306 6.00%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $265,000 $265,000 $0 5.00%
    DeRidder, LA (FHA|USDA|VA) 1 $135,000 $135,000 $0 5.50%
    Natchitoches, LA (FHA|USDA|VA) 1 $115,000 $115,000 $0 6.00%
    BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 1 $105,000 $105,000 $0 6.75%
    BATON ROUGE, LA (FHA|USDA|VA) 1 $45,000 $45,000 $0 6.75%
    The Bank's top markets include Jennings, Lafayette, Lake Charles, Pensacola, and Opelousas among others.

    Their top states include:
  • Louisiana (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)
  • Missouri (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against The Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    The Bank
    Similarity Rank: 48
    MERITUS Federal Credit Union
    Similarity Rank: 58
    Home Bank
    Similarity Rank: 216
    Abbeville Building & Loan (A State-Chartered Savings Bank)
    Similarity Rank: 224
    Pelican State Credit Union
    Similarity Rank: 399
    TIB The Independent Bankersbank
    Similarity Rank: 702
    DSLD MORTGAGE, LLC
    Similarity Rank: 912
    STANDARD MORTGAGE CORPORATION
    Similarity Rank: 1333
    ADVANCIAL
    Similarity Rank: 5236
    Hancock Whitney Bank
    Similarity Rank: 5293

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 285 $50,815,000 $178,298 $2,228 6.65%
    HELOC 1 $105,000 $105,000 n/a 5.50%

    For 2022, The Bank's most frequently originated type of loan was Conventional, with 285 originations. Their 2nd most popular type was HELOC, with 1 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 148 $29,400,000 $198,649 $3,022 6.70%
    Refi 114 $19,070,000 $167,281 $1,040 6.56%
    Other 18 $1,840,000 $102,222 $2,104 6.89%
    Home Improvement 6 $610,000 $101,667 $2,672 5.98%

    For 2022, The Bank's most frequently cited loan purpose was Home Purchase, with 148 originations. The 2nd most popular reason was Refi, with 114 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    5 Year 199 $35,365,000 $177,714 $1,978 6.69%
    30 Year 35 $7,475,000 $213,571 $2,649 6.68%
    20 Year 27 $4,495,000 $166,481 $2,629 6.52%
    Other 9 $1,355,000 $150,556 $1,924 6.50%
    3 Year 7 $1,385,000 $197,857 $0 6.46%
    1 Year 7 $775,000 $110,714 $500 5.95%
    10 Year 2 $70,000 $35,000 $1,818 6.50%

    For 2022, The Bank's most frequently cited loan duration was 5 Year, with 199 originations. The 2nd most popular length was 30 Year, with 35 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 104 $15,260,000 $146,731
    $1k-2k 31 $5,145,000 $165,968
    $2k-3k 11 $3,015,000 $274,091
    $3k-4k 5 $1,785,000 $357,000
    $5k+ 3 $2,305,000 $768,333
    $4k-5k 2 $1,220,000 $610,000

    The Bank's average total fees were $2,649, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 104 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 102 $13,160,000 $129,020
    5-6% 78 $17,400,000 $223,077
    7-8% 36 $5,000,000 $138,889
    Over 8% 35 $2,695,000 $77,000
    4-5% 34 $12,630,000 $371,471
    3-4% 1 $35,000 $35,000

    During 2022, The Bank's average interest rate for loans was 6.68%, while their most frequently originated rate bucket for loans was 6-7%, with 102 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 118 $6,580,000 $55,763 $1,668 7.23%
    $100k-200k 81 $11,395,000 $140,679 $2,052 6.57%
    $200k-400k 67 $18,885,000 $281,866 $2,219 6.08%
    $400k-600k 10 $4,830,000 $483,000 $3,861 5.65%
    $600k-1MM 8 $6,030,000 $753,750 $10,358 5.17%
    $1MM+ 2 $3,200,000 $1,600,000 $0 5.08%

    2022 saw The Bank place emphasis on $100,000 or less loans with 118 originations, totaling $6,580,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 50 $8,910,000 $178,200 $1,830 6.62%
    $150k-250k 45 $10,955,000 $243,444 $2,791 6.23%
    $50k-75k 40 $4,290,000 $107,250 $1,928 7.10%
    $75k-100k 33 $3,925,000 $118,939 $2,004 7.16%
    $50k or less 29 $1,855,000 $63,966 $1,993 7.51%
    $250k+ 23 $8,875,000 $385,870 $3,615 5.94%

    The Bank lent most frequently to those with incomes in the $100k-150k range, with 50 originations. The second most popular income band? $150k-250k, with 45 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 98 $18,180,000 $185,510 $2,357 6.65%
    <20% 59 $8,525,000 $144,492 $2,360 6.56%
    30-36% 39 $7,545,000 $193,462 $2,006 7.23%
    36% 6 $1,990,000 $331,667 $1,835 6.25%
    40% 5 $665,000 $133,000 $2,440 7.90%
    44% 4 $340,000 $85,000 $991 5.99%
    41% 3 $625,000 $208,333 $2,930 8.17%
    42% 2 $210,000 $105,000 $2,569 6.50%
    39% 1 $45,000 $45,000 $523 7.50%
    43% 1 $385,000 $385,000 $7,207 6.50%
    37% 1 $175,000 $175,000 $2,098 6.75%
    >60% 1 $125,000 $125,000 $1,023 6.50%

    The Bank lent most frequently to those with DTI ratios of 20-30%, with 98 originations. The next most common DTI ratio? <20%, with 59 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 209 $36,985,000 $176,962 $2,217 6.67%
    Not applicable 60 $11,510,000 $191,833 $0 6.37%
    Black 15 $2,355,000 $157,000 $2,420 7.33%
    American Indian 1 $35,000 $35,000 $1,723 6.00%
    Asian 1 $35,000 $35,000 $0 7.50%

    Approval Rates

    Total approvals of all applications
    100.00%

    The Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    94.41%

    The Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    0.0 2 $80,000 $40,000
    10.0 3 $105,000 $35,000
    22.0 1 $45,000 $45,000
    710.0 1 $75,000 $75,000
    NA 279 $50,615,000 $181,416

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    286 $50,920,000 $178,042

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 26 $1,970,000 $75,769 $1,565 6.71%
    40-60% 50 $7,400,000 $148,000 $1,353 6.91%
    60-80% 115 $20,765,000 $180,565 $2,383 6.67%
    80-100% 85 $19,175,000 $225,588 $2,860 6.49%
    Over 100% 4 $1,360,000 $340,000 $753 6.00%
    Under 20% 6 $250,000 $41,667 $912 6.23%

    Complaints

    Bank Name Product Issue 2022 CPFB Complaints % of Total Issues
    TD BANK US HOLDING COMPANY Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 50.0%
    TD BANK US HOLDING COMPANY Conventional home mortgage Closing on a mortgage 1 50.0%