Jeff Davis Bancshares Mortgage Rates, Fees & Info
Jennings, LALEI: 549300RO0FORROX83086
Tax ID: 72-1176368
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Mortgage Data
Review & Overview
Jeff Davis Bancshares is a smaller mortgage company specializing in Home Purchase and Refi loans. Jeff Davis Bancshares has a high proportion of conventional loans. Their top markets by origination volume include: Lake Charles, Lafayette, Opelousas, Jennings, and Baton Rouge among others. We have data for 17 markets. (Some data included below & more in-depth data is available with an active subscription.)Jeff Davis Bancshares 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. Jeff Davis Bancshares is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have relatively high rates.
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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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 7.19% | 11/22/24 |
| 30 Year Conventional Refi | 7.10% | 11/22/24 |
| 30 Year Cash-out Refi | 7.16% | 11/22/24 |
| 15 Year Conventional Purchase | 7.71% | 11/22/24 |
| 15 Year Conventional Refi | 7.97% | 11/22/24 |
| 15 Year Cash-out Refi | 7.97% | 11/22/24 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
Jeff Davis Bancshares Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
294Origination Dollar Volume (All Markets)
$38,030,000Awards
Jeff Davis Bancshares - 2022
Jeff Davis Bancshares is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
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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) | 140 | $18,770,000 | $134,071 | $1,514 | 6.25% |
| LAFAYETTE, LA (FHA|USDA|VA) | 42 | $6,600,000 | $157,143 | $1,712 | 6.25% |
| Opelousas, LA (FHA|USDA|VA) | 24 | $2,980,000 | $124,167 | $1,604 | 5.54% |
| Outside of Metro Areas | 33 | $2,405,000 | $72,879 | $1,735 | 6.42% |
| Jennings, LA (FHA|USDA|VA) | 23 | $2,255,000 | $98,043 | $1,297 | 5.98% |
| BATON ROUGE, LA (FHA|USDA|VA) | 4 | $1,190,000 | $297,500 | $1,874 | 6.38% |
| MOBILE, AL (FHA|USDA|VA) | 1 | $1,005,000 | $1,005,000 | $0 | 4.95% |
| DeRidder, LA (FHA|USDA|VA) | 9 | $925,000 | $102,778 | $1,173 | 7.14% |
| Morgan City, LA (FHA|USDA|VA) | 5 | $605,000 | $121,000 | $0 | 5.10% |
| HOUMA-THIBODAUX, LA (FHA|USDA|VA) | 5 | $395,000 | $79,000 | $0 | 5.10% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $0 | 5.70% |
| Fort Polk South, LA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 5.75% |
| GULFPORT-BILOXI, MS (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 5.00% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 4.75% |
| Natchez, MS-LA (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $2,415 | 7.50% |
| Natchitoches, LA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 7.00% |
| ALEXANDRIA, LA (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 7.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against Jeff Davis Bancshares based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 294 | $38,030,000 | $129,354 | $1,535 | 6.17% |
For 2022, Jeff Davis Bancshares's most frequently originated type of loan was Conventional, with 294 originations.
Loan Reason
For 2022, Jeff Davis Bancshares's most frequently cited loan purpose was Home Purchase, with 129 originations. The 2nd most popular reason was Refi, with 91 originations.
Loan Duration/Length
For 2022, Jeff Davis Bancshares's most frequently cited loan duration was 5 Year, with 130 originations. The 2nd most popular length was 20 Year, with 57 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 100 | $13,240,000 | $132,400 |
Jeff Davis Bancshares's average total fees were $2,001, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 100 originations.
Interest Rates
During 2022, Jeff Davis Bancshares's average interest rate for loans was 5.42%, while their most frequently originated rate bucket for loans was 6-7%, with 79 originations.
Loan Sizing
2022 saw Jeff Davis Bancshares place emphasis on $100,000 or less loans with 176 originations, totaling $9,720,000 in origination value.
Applicant Income
Jeff Davis Bancshares lent most frequently to those with incomes in the $75k-100k range, with 37 originations. The second most popular income band? $100k-150k, with 35 originations.
Applicant Debt to Income Ratio
Jeff Davis Bancshares lent most frequently to those with DTI ratios of 20-30%, with 53 originations. The next most common DTI ratio? 30-36%, with 43 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications91.06%
Jeff Davis Bancshares has an average approval rate.
Pick Rate
Approvals leading to origination71.77%
Jeff Davis Bancshares has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 74.0 | 10 | $240,000 | $24,000 |
| 78.0 | 5 | $165,000 | $33,000 |
| NA | 279 | $37,625,000 | $134,857 |