First Federal Bank Of Louisiana Mortgage Rates, Fees & InfoLake Charles, LA
Tax ID: 72-0401264
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Review & OverviewFirst Federal Bank Of Louisiana is a smaller bank specializing in Home Purchase loans. First Federal Bank Of Louisiana has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets by origination volume include: Lake Charles, Alexandria, Deridder, Natchitoches, and Shreveport among others. We have data for 11 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.
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.
Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.
Origination Dollar Volume (All Markets)$61,965,000
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)||201||$42,125,000||$209,577||$0||0.00%|
|ALEXANDRIA, LA (FHA|USDA|VA)||45||$6,245,000||$138,778||$0||0.00%|
|DeRidder, LA (FHA|USDA|VA)||16||$3,460,000||$216,250||$0||0.00%|
|Natchitoches, LA (FHA|USDA|VA)||12||$2,670,000||$222,500||$0||0.00%|
|Outside of Metro Areas||13||$2,285,000||$175,769||$0||0.00%|
|SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA)||1||$1,755,000||$1,755,000||$0||0.00%|
|BATON ROUGE, LA (FHA|USDA|VA)||5||$1,365,000||$273,000||$0||0.00%|
|Jennings, LA (FHA|USDA|VA)||5||$875,000||$175,000||$0||0.00%|
|HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA)||1||$835,000||$835,000||$0||0.00%|
|Fort Polk South, LA (FHA|USDA|VA)||1||$215,000||$215,000||$0||0.00%|
|NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA)||1||$135,000||$135,000||$0||0.00%|
|Loan Type||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
For 2022, First Federal Bank Of Louisiana's most frequently originated type of loan was Conventional, with 297 originations. Their 2nd most popular type was FHA, with 2 originations.
For 2022, First Federal Bank Of Louisiana's most frequently cited loan purpose was Home Purchase, with 160 originations. The 2nd most popular reason was Refi, with 60 originations.
|Loan Length||Originations||Total Value||Average Loan||Average Fees||Average Rate|
For 2022, First Federal Bank Of Louisiana's most frequently cited loan duration was Other, with 301 originations.
2022 saw First Federal Bank Of Louisiana place emphasis on $100,000 or less loans with 99 originations, totaling $5,705,000 in origination value.
First Federal Bank Of Louisiana lent most frequently to those with incomes in the $100k-150k range, with 62 originations. The second most popular income band? $150k-250k, with 47 originations.
Applicant Debt to Income Ratio
|DTI Ratio||Originations||Total Value||Average Loan||Average Fees||Average Rate|
First Federal Bank Of Louisiana lent most frequently to those with DTI ratios of Exempt%, with 301 originations.
Approval RatesTotal approvals of all applications
First Federal Bank Of Louisiana has an average approval rate.
Pick RateApprovals leading to origination
First Federal Bank Of Louisiana has a below average pick rate.
Points and Fees
|Points||Originations||Total Value||Average Loan|
|Bank Name||Product||Issue||2022 CPFB Complaints||% of Total Issues|
|FIRST CITIZENS BANCSHARES, INC.||Home equity loan or line of credit (HELOC)||Applying for a mortgage or refinancing an existing mortgage||1||100.0%|