First National Bank Of La Mortgage Rates, Fees & Info

LAKE CHARLES, LA

LEI: 549300Q2Y7B8UEC43S54

Tax ID: 72-0163429

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    First National Bank Of La is a smaller bank specializing in Refi and Home Purchase loans. First National Bank Of La has a high proportion of conventional loans. Their top markets by origination volume include: Lake Charles, Lafayette, Baton Rouge, Daphne, and Crestview among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)

    First National Bank Of La has an above average approval rate when compared to the average across all 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.

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    Originations

    95

    Origination Dollar Volume (All Markets)

    $18,945,000

    Top 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) 42 $11,820,000 $281,429 $343 5.58%
    LAFAYETTE, LA (FHA|USDA|VA) 43 $5,135,000 $119,419 $2,409 5.63%
    BATON ROUGE, LA (FHA|USDA|VA) 3 $565,000 $188,333 $978 5.42%
    DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 1 $345,000 $345,000 $0 5.15%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $335,000 $335,000 $0 4.90%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $305,000 $305,000 $0 5.00%
    Opelousas, LA (FHA|USDA|VA) 2 $190,000 $95,000 $0 5.63%
    Outside of Metro Areas 1 $155,000 $155,000 $0 5.00%
    Jennings, LA (FHA|USDA|VA) 1 $95,000 $95,000 $0 5.50%
    First National Bank Of La's top markets include Lake Charles, Lafayette, Baton Rouge, Daphne, and Crestview among others.

    Their top states include:
  • Louisiana (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Alabama (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 95 $18,945,000 $199,421 $1,340 5.57%

    For 2018, First National Bank Of La's most frequently originated type of loan was Conventional, with 95 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 52 $13,460,000 $258,846 $179 5.59%
    Home Purchase 28 $4,800,000 $171,429 $2,830 5.32%
    Cash Out Refi 8 $360,000 $45,000 $502 6.00%
    Home Improvement 5 $205,000 $41,000 $202 5.86%
    Other 1 $45,000 $45,000 $552 6.50%
    NA 1 $75,000 $75,000 $0 5.50%

    For 2018, First National Bank Of La's most frequently cited loan purpose was Refi, with 52 originations. The 2nd most popular reason was Home Purchase, with 28 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    5 Year 50 $5,470,000 $109,400 $1,392 5.62%
    Other 28 $11,040,000 $394,286 $858 5.48%
    3 Year 12 $1,290,000 $107,500 $112 5.67%
    1 Year 5 $1,145,000 $229,000 $9,539 5.35%

    For 2018, First National Bank Of La's most frequently cited loan duration was 5 Year, with 50 originations. The 2nd most popular length was Other, with 28 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 13 $1,735,000 $133,462
    $1k-2k 2 $320,000 $160,000
    $3k-4k 1 $345,000 $345,000
    $4k-5k 1 $85,000 $85,000

    First National Bank Of La's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 13 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 59 $6,755,000 $114,492
    4-5% 25 $11,635,000 $465,400
    6-7% 11 $555,000 $50,455

    During 2018, First National Bank Of La's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 5-6%, with 59 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 50 $2,380,000 $47,600 $1,262 5.84%
    $100k-200k 27 $3,905,000 $144,630 $1,050 5.37%
    $200k-400k 13 $3,805,000 $292,692 $2,297 5.18%
    $1MM+ 2 $7,220,000 $3,610,000 $0 4.50%
    $400k-600k 2 $980,000 $490,000 $112 5.25%
    $600k-1MM 1 $655,000 $655,000 $0 5.25%

    2018 saw First National Bank Of La place emphasis on $100,000 or less loans with 50 originations, totaling $2,380,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 12 $2,040,000 $170,000 $4,826 5.30%
    $75k-100k 11 $935,000 $85,000 $417 5.68%
    $100k-150k 10 $1,040,000 $104,000 $2,027 5.94%
    $150k-250k 9 $1,135,000 $126,111 $1,495 5.56%
    $50k-75k 9 $745,000 $82,778 $598 5.67%
    $50k or less 6 $480,000 $80,000 $380 6.08%

    First National Bank Of La lent most frequently to those with incomes in the $250k+ range, with 12 originations. The second most popular income band? $75k-100k, with 11 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    <20% 6 $570,000 $95,000 $2,765 5.33%
    20-30% 6 $480,000 $80,000 $503 5.79%
    30-36% 2 $390,000 $195,000 $3,235 5.75%
    38% 1 $35,000 $35,000 $202 5.90%
    45% 1 $265,000 $265,000 $112 5.50%
    48% 1 $155,000 $155,000 $612 5.50%
    50-60% 1 $215,000 $215,000 $1,067 5.00%

    First National Bank Of La lent most frequently to those with DTI ratios of <20%, with 6 originations. The next most common DTI ratio? 20-30%, with 6 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 33 $12,145,000 $368,030 $2,092 5.39%
    White 55 $5,625,000 $102,273 $1,392 5.65%
    Black 6 $870,000 $145,000 $777 5.94%
    Asian 1 $305,000 $305,000 $0 5.00%

    Approval Rates

    Total approvals of all applications
    93.14%

    First National Bank Of La has an average approval rate.

    Pick Rate

    Approvals leading to origination

    Points and Fees

    Points Originations Total Value Average Loan
    NA 95 $18,945,000 $199,421

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 2 $380,000 $190,000
    Single Family (1-4 Units):Manufactured 5 $245,000 $49,000
    Single Family (1-4 Units):Site-Built 88 $18,320,000 $208,182

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 13 $715,000 $55,000 $385 5.82%
    40-60% 22 $2,940,000 $133,636 $799 5.55%
    60-80% 31 $4,585,000 $147,903 $938 5.54%
    80-100% 12 $2,150,000 $179,167 $2,235 5.32%
    Over 100% 5 $8,045,000 $1,609,000 $0 5.00%
    Under 20% 11 $505,000 $45,909 $3,262 5.90%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    FIRST NATIONAL BANK OF OMAHA Home equity loan or line of credit (HELOC) Closing on a mortgage 1 50.0%
    FIRST NATIONAL BANK OF OMAHA Conventional home mortgage Struggling to pay mortgage 1 50.0%