St Landry Bank & Trust Company Mortgage Rates, Fees & Info
Opelousas, LALEI: 549300PI7Z6DG3QE2087
Tax ID: 72-0307730
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Mortgage Data
Review & Overview
St Landry Bank & Trust Company is a smaller bank specializing in Refi and Home Purchase loans. St Landry Bank & Trust Company has a high proportion of conventional loans. Their top two markets are Opelousas and Lafayette .St Landry Bank & Trust Company 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
14Origination Dollar Volume (All Markets)
$1,400,000Top 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 |
|---|---|---|---|---|---|
| Opelousas, LA (FHA|USDA|VA) | 10 | $790,000 | $79,000 | $0 | 0.00% |
| LAFAYETTE, LA (FHA|USDA|VA) | 4 | $610,000 | $152,500 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 14 | $1,400,000 | $100,000 | $0 | 0.00% |
For 2022, St Landry Bank & Trust Company's most frequently originated type of loan was Conventional, with 14 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Refi | 7 | $615,000 | $87,857 | $0 | 0.00% |
| Home Purchase | 5 | $695,000 | $139,000 | $0 | 0.00% |
| Home Improvement | 2 | $90,000 | $45,000 | $0 | 0.00% |
For 2022, St Landry Bank & Trust Company's most frequently cited loan purpose was Refi, with 7 originations. The 2nd most popular reason was Home Purchase, with 5 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 14 | $1,400,000 | $100,000 | $0 | 0.00% |
For 2022, St Landry Bank & Trust Company's most frequently cited loan duration was Other, with 14 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100,000 or less | 9 | $495,000 | $55,000 | $0 | 0.00% |
| $100k-200k | 3 | $345,000 | $115,000 | $0 | 0.00% |
| $200k-400k | 2 | $560,000 | $280,000 | $0 | 0.00% |
2022 saw St Landry Bank & Trust Company place emphasis on $100,000 or less loans with 9 originations, totaling $495,000 in origination value.
Applicant Income
St Landry Bank & Trust Company lent most frequently to those with incomes in the $100k-150k range, with 4 originations. The second most popular income band? $50k or less, with 3 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 14 | $1,400,000 | $100,000 | $0 | 0.00% |
St Landry Bank & Trust Company lent most frequently to those with DTI ratios of Exempt%, with 14 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 9 | $795,000 | $88,333 | $0 | 0.00% |
| Not applicable | 2 | $440,000 | $220,000 | $0 | 0.00% |
| Black | 3 | $165,000 | $55,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications100.00%
St Landry 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 origination85.71%
St Landry Bank & Trust Company has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 14 | $1,400,000 | $100,000 |