First Federal Bank Of Louisiana Mortgage Rates, Fees & Info
Lake Charles, LALEI: 549300O1FOCD65WZ9873
Tax ID: 72-0401264
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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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 a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Lake Charles, Alexandria, Clovis, Lafayette, and Jennings 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.
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Originations
157Origination Dollar Volume (All Markets)
$37,475,000Top 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) | 102 | $26,640,000 | $261,176 | $0 | 0.00% |
| ALEXANDRIA, LA (FHA|USDA|VA) | 25 | $3,495,000 | $139,800 | $0 | 0.00% |
| Clovis, NM (FHA|USDA|VA) | 1 | $1,665,000 | $1,665,000 | $0 | 0.00% |
| Outside of Metro Areas | 11 | $1,205,000 | $109,545 | $0 | 0.00% |
| LAFAYETTE, LA (FHA|USDA|VA) | 2 | $1,180,000 | $590,000 | $0 | 0.00% |
| Jennings, LA (FHA|USDA|VA) | 3 | $955,000 | $318,333 | $0 | 0.00% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 2 | $730,000 | $365,000 | $0 | 0.00% |
| BATON ROUGE, LA (FHA|USDA|VA) | 2 | $660,000 | $330,000 | $0 | 0.00% |
| DeRidder, LA (FHA|USDA|VA) | 5 | $485,000 | $97,000 | $0 | 0.00% |
| Natchitoches, LA (FHA|USDA|VA) | 3 | $265,000 | $88,333 | $0 | 0.00% |
| SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 155 | $37,055,000 | $239,065 | $0 | 0.00% |
| FHA | 2 | $420,000 | $210,000 | $0 | 0.00% |
For 2024, First Federal Bank Of Louisiana's most frequently originated type of loan was Conventional, with 155 originations. Their 2nd most popular type was FHA, with 2 originations.
Loan Reason
For 2024, 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 39 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 157 | $37,475,000 | $238,694 | $0 | 0.00% |
For 2024, First Federal Bank Of Louisiana's most frequently cited loan duration was Other, with 157 originations.
Loan Sizing
2024 saw First Federal Bank Of Louisiana place emphasis on $100,000 or less loans with 73 originations, totaling $4,135,000 in origination value.
Applicant Income
First Federal Bank Of Louisiana lent most frequently to those with incomes in the $150k-250k range, with 29 originations. The second most popular income band? $100k-150k, with 23 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 157 | $37,475,000 | $238,694 | $0 | 0.00% |
First Federal Bank Of Louisiana lent most frequently to those with DTI ratios of Exempt%, with 157 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications89.47%
First Federal Bank Of Louisiana has an average approval rate.
Pick Rate
Approvals leading to origination84.08%
First Federal Bank Of Louisiana has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 157 | $37,475,000 | $238,694 |