First Federal Bank Of Louisiana Mortgage Rates, Fees & Info
Lake Charles, LALEI: 549300O1FOCD65WZ9873
Tax ID: 72-0401264
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Mortgage Data
Review & Overview
First Federal Bank Of Louisiana is a smaller bank specializing in Home Purchase and Refi loans. First Federal Bank Of Louisiana has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Lake Charles, Alexandria, Deridder, Jennings, and Steamboat Springs among others. We have data for 12 markets. (Some data included below & more in-depth data is available with an active subscription.)First Federal Bank Of Louisiana 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
178Origination Dollar Volume (All Markets)
$37,690,000Top 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 |
|---|---|---|---|---|---|
| LAKE CHARLES, LA (FHA|USDA|VA) | 114 | $26,170,000 | $229,561 | $0 | 0.00% |
| ALEXANDRIA, LA (FHA|USDA|VA) | 27 | $4,145,000 | $153,519 | $0 | 0.00% |
| DeRidder, LA (FHA|USDA|VA) | 14 | $2,340,000 | $167,143 | $0 | 0.00% |
| Jennings, LA (FHA|USDA|VA) | 7 | $1,015,000 | $145,000 | $0 | 0.00% |
| Outside of Metro Areas | 6 | $950,000 | $158,333 | $0 | 0.00% |
| Steamboat Springs, CO (FHA|USDA|VA) | 1 | $855,000 | $855,000 | $0 | 0.00% |
| Fort Polk South, LA (FHA|USDA|VA) | 2 | $650,000 | $325,000 | $0 | 0.00% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 1 | $625,000 | $625,000 | $0 | 0.00% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $0 | 0.00% |
| LAFAYETTE, LA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 0.00% |
| Natchitoches, LA (FHA|USDA|VA) | 3 | $195,000 | $65,000 | $0 | 0.00% |
| Ruston, LA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 176 | $37,340,000 | $212,159 | $0 | 0.00% |
| VA | 1 | $265,000 | $265,000 | $0 | 0.00% |
| USDA | 1 | $85,000 | $85,000 | $0 | 0.00% |
For 2023, First Federal Bank Of Louisiana's most frequently originated type of loan was Conventional, with 176 originations. Their 2nd most popular type was VA, with 1 originations.
Loan Reason
For 2023, First Federal Bank Of Louisiana's most frequently cited loan purpose was Home Purchase, with 72 originations. The 2nd most popular reason was Refi, with 54 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 178 | $37,690,000 | $211,742 | $0 | 0.00% |
For 2023, First Federal Bank Of Louisiana's most frequently cited loan duration was Other, with 178 originations.
Loan Sizing
2023 saw First Federal Bank Of Louisiana place emphasis on $100,000 or less loans with 76 originations, totaling $4,210,000 in origination value.
Applicant Income
First Federal Bank Of Louisiana lent most frequently to those with incomes in the $150k-250k range, with 39 originations. The second most popular income band? $100k-150k, with 30 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 178 | $37,690,000 | $211,742 | $0 | 0.00% |
First Federal Bank Of Louisiana lent most frequently to those with DTI ratios of Exempt%, with 178 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications86.69%
First Federal Bank Of Louisiana has an average approval rate.
Pick Rate
Approvals leading to origination81.46%
First Federal Bank Of Louisiana has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 178 | $37,690,000 | $211,742 |