First National Bank Of La Mortgage Rates, Fees & Info
LAKE CHARLES, LALEI: 549300Q2Y7B8UEC43S54
Tax ID: 72-0163429
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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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, Baton Rouge, Gulfport, and Houston among others. We have data for 10 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
114Origination Dollar Volume (All Markets)
$28,040,000Top 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) | 59 | $13,765,000 | $233,305 | $0 | 0.00% |
| LAKE CHARLES, LA (FHA|USDA|VA) | 43 | $9,855,000 | $229,186 | $0 | 0.00% |
| BATON ROUGE, LA (FHA|USDA|VA) | 3 | $1,165,000 | $388,333 | $0 | 0.00% |
| GULFPORT-BILOXI, MS (FHA|USDA|VA) | 1 | $795,000 | $795,000 | $0 | 0.00% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 1 | $775,000 | $775,000 | $0 | 0.00% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $0 | 0.00% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $0 | 0.00% |
| ALEXANDRIA, LA (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $0 | 0.00% |
| Outside of Metro Areas | 2 | $310,000 | $155,000 | $0 | 0.00% |
| Opelousas, LA (FHA|USDA|VA) | 2 | $50,000 | $25,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 114 | $28,040,000 | $245,965 | $0 | 0.00% |
For 2022, First National Bank Of La's most frequently originated type of loan was Conventional, with 114 originations.
Loan Reason
For 2022, First National Bank Of La's most frequently cited loan purpose was Refi, with 63 originations. The 2nd most popular reason was Home Purchase, with 45 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 114 | $28,040,000 | $245,965 | $0 | 0.00% |
For 2022, First National Bank Of La's most frequently cited loan duration was Other, with 114 originations.
Loan Sizing
2022 saw First National Bank Of La place emphasis on $100,000 or less loans with 44 originations, totaling $2,430,000 in origination value.
Applicant Income
First National Bank Of La lent most frequently to those with incomes in the $250k+ range, with 16 originations. The second most popular income band? $150k-250k, with 15 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 114 | $28,040,000 | $245,965 | $0 | 0.00% |
First National Bank Of La lent most frequently to those with DTI ratios of Exempt%, with 114 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.31%
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 origination98.25%
First National Bank Of La has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 114 | $28,040,000 | $245,965 |
Complaints
| 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% |