Vermilion Bank & Trust Company Mortgage Rates, Fees & Info
Kaplan, LALEI: 549300NO5XZV44V0UV76
Tax ID: 72-0503829
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Vermilion Bank & Trust Company is a smaller bank specializing in Refi, Cash Out Refi, and Home Purchase loans. Vermilion Bank & Trust Company has a high proportion of conventional loans. Their top markets by origination volume include: Lafayette, Lake Charles, and Baton Rouge among others. We have data for 3 markets. (Some data included below & more in-depth data is available with an active subscription.)Vermilion Bank & Trust Company has an above average approval rate when compared to the average across all lenders.
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Originations
51Origination Dollar Volume (All Markets)
$4,635,000Top 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 |
|---|---|---|---|---|---|
| LAFAYETTE, LA (FHA|USDA|VA) | 49 | $3,705,000 | $75,612 | $0 | 0.00% |
| LAKE CHARLES, LA (FHA|USDA|VA) | 1 | $665,000 | $665,000 | $0 | 0.00% |
| BATON ROUGE, LA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 51 | $4,635,000 | $90,882 | $0 | 0.00% |
For 2024, Vermilion Bank & Trust Company's most frequently originated type of loan was Conventional, with 51 originations.
Loan Reason
For 2024, Vermilion Bank & Trust Company's most frequently cited loan purpose was Refi, with 27 originations. The 2nd most popular reason was Cash Out Refi, with 13 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 51 | $4,635,000 | $90,882 | $0 | 0.00% |
For 2024, Vermilion Bank & Trust Company's most frequently cited loan duration was Other, with 51 originations.
Loan Sizing
2024 saw Vermilion Bank & Trust Company place emphasis on $100,000 or less loans with 42 originations, totaling $1,640,000 in origination value.
Applicant Income
Vermilion Bank & Trust Company lent most frequently to those with incomes in the $100k-150k range, with 11 originations. The second most popular income band? $50k or less, with 10 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 51 | $4,635,000 | $90,882 | $0 | 0.00% |
Vermilion Bank & Trust Company lent most frequently to those with DTI ratios of Exempt%, with 51 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications100.00%
Vermilion Bank & Trust Company has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 51 | $4,635,000 | $90,882 |