Landmark Bank Mortgage Rates, Fees & Info

Clinton, LA

LEI: 549300M63SGBHKKBOE21

Tax ID: 72-0155250

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Mortgage Data

Review & Overview

Landmark Bank is a smaller bank specializing in Refi and Home Purchase loans. Landmark Bank has a high proportion of conventional loans. Their top two markets are Baton Rouge and Hammond .

Landmark 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

80

Origination Dollar Volume (All Markets)

$13,150,000

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
BATON ROUGE, LA (FHA|USDA|VA) 78 $12,650,000 $162,179 $0 0.00%
HAMMOND, LA (FHA|USDA|VA) 2 $500,000 $250,000 $0 0.00%
Landmark Bank's top markets include 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 80 $13,150,000 $164,375 $0 0.00%

    For 2024, Landmark Bank's most frequently originated type of loan was Conventional, with 80 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 42 $5,090,000 $121,190 $0 0.00%
    Home Purchase 31 $7,315,000 $235,968 $0 0.00%
    Other 4 $300,000 $75,000 $0 0.00%
    Home Improvement 3 $445,000 $148,333 $0 0.00%

    For 2024, Landmark Bank's most frequently cited loan purpose was Refi, with 42 originations. The 2nd most popular reason was Home Purchase, with 31 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 80 $13,150,000 $164,375 $0 0.00%

    For 2024, Landmark Bank's most frequently cited loan duration was Other, with 80 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 31 $1,815,000 $58,548 $0 0.00%
    $100k-200k 26 $3,790,000 $145,769 $0 0.00%
    $200k-400k 18 $4,770,000 $265,000 $0 0.00%
    $400k-600k 4 $2,070,000 $517,500 $0 0.00%
    $600k-1MM 1 $705,000 $705,000 $0 0.00%

    2024 saw Landmark Bank place emphasis on $100,000 or less loans with 31 originations, totaling $1,815,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 10 $1,260,000 $126,000 $0 0.00%
    $150k-250k 9 $2,435,000 $270,556 $0 0.00%
    $50k or less 9 $555,000 $61,667 $0 0.00%
    $100k-150k 7 $875,000 $125,000 $0 0.00%
    $250k+ 4 $1,290,000 $322,500 $0 0.00%
    $75k-100k 2 $130,000 $65,000 $0 0.00%

    Landmark Bank lent most frequently to those with incomes in the $50k-75k range, with 10 originations. The second most popular income band? $150k-250k, with 9 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 80 $13,150,000 $164,375 $0 0.00%

    Landmark Bank lent most frequently to those with DTI ratios of Exempt%, with 80 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 39 $6,605,000 $169,359 $0 0.00%
    White 27 $3,875,000 $143,519 $0 0.00%
    Black 14 $2,670,000 $190,714 $0 0.00%

    Approval Rates

    Total approvals of all applications
    92.31%

    Landmark Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    80.00%

    Landmark Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 80 $13,150,000 $164,375

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    80 $13,150,000 $164,375