First National Bank Of La Mortgage Rates, Fees & Info
LAKE CHARLES, LALEI: 549300Q2Y7B8UEC43S54
Tax ID: 72-0163429
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Mortgage Data
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: Lafayette, Lake Charles, Houma, Baton Rouge, and Morgan City among others. We have data for 6 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. They have an above average pick rate when compared to similar lenders.
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Originations
87Origination Dollar Volume (All Markets)
$15,725,000Top 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 |
|---|---|---|---|---|---|
| LAFAYETTE, LA (FHA|USDA|VA) | 52 | $10,790,000 | $207,500 | $0 | 0.00% |
| LAKE CHARLES, LA (FHA|USDA|VA) | 31 | $3,985,000 | $128,548 | $0 | 0.00% |
| HOUMA-THIBODAUX, LA (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $0 | 0.00% |
| BATON ROUGE, LA (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $95,000 | $95,000 | $0 | 0.00% |
| Morgan City, LA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 87 | $15,725,000 | $180,747 | $0 | 0.00% |
For 2019, First National Bank Of La's most frequently originated type of loan was Conventional, with 87 originations.
Loan Reason
For 2019, First National Bank Of La's most frequently cited loan purpose was Refi, with 59 originations. The 2nd most popular reason was Home Purchase, with 23 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 87 | $15,725,000 | $180,747 | $0 | 0.00% |
For 2019, First National Bank Of La's most frequently cited loan duration was Other, with 87 originations.
Loan Sizing
2019 saw First National Bank Of La place emphasis on $100,000 or less loans with 47 originations, totaling $2,605,000 in origination value.
Applicant Income
First National Bank Of La lent most frequently to those with incomes in the $50k-75k range, with 14 originations. The second most popular income band? $250k+, with 10 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 87 | $15,725,000 | $180,747 | $0 | 0.00% |
First National Bank Of La lent most frequently to those with DTI ratios of Exempt%, with 87 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.83%
First National Bank Of La has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination94.25%
First National Bank Of La has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 87 | $15,725,000 | $180,747 |
Occupancy Type Mix
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| FIRST NATIONAL BANK OF OMAHA | Conventional home mortgage | Trouble during payment process | 3 | 50.0% |
| FIRST NATIONAL BANK OF OMAHA | Conventional home mortgage | Struggling to pay mortgage | 1 | 16.7% |
| FIRST NATIONAL BANK OF OMAHA | Conventional home mortgage | Closing on a mortgage | 2 | 33.3% |