Bank Of Abbeville & Trust Company Mortgage Rates, Fees & Info

Abbeville, LA

LEI: 549300RP00N9TM7RLE66

Tax ID: 72-0124830

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Review & Overview

Bank Of Abbeville & Trust Company is a smaller bank specializing in Home Purchase loans. Bank Of Abbeville & Trust Company has a high proportion of conventional loans. Their top markets by origination volume include: Lafayette, Opelousas, New Orleans, 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.)

Bank Of Abbeville & Trust Company has an 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

Origination Dollar Volume (All Markets)

$15,245,000

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
LAFAYETTE, LA (FHA\|USDA\|VA)	71	$9,445,000	$133,028	$0	0.00%
Opelousas, LA (FHA\|USDA\|VA)	7	$2,515,000	$359,286	$0	0.00%
Outside of Metro Areas	3	$1,265,000	$421,667	$0	0.00%
NEW ORLEANS-METAIRIE, LA (FHA\|USDA\|VA)	3	$985,000	$328,333	$0	0.00%
BATON ROUGE, LA (FHA\|USDA\|VA)	4	$600,000	$150,000	$0	0.00%
Morgan City, LA (FHA\|USDA\|VA)	1	$435,000	$435,000	$0	0.00%

Bank Of Abbeville & Trust Company's top markets include Lafayette, Opelousas, New Orleans, Baton Rouge, and Morgan City among others.

Their top states include:

Louisiana (FHA|USDA|VA)

Similar Lenders

We use machine learning to identify the top lenders compared against Bank of Abbeville & Trust Company based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

MERITUS Federal Credit Union
Similarity Rank: 18

Home Bank
Similarity Rank: 272

DSLD MORTGAGE, LLC
Similarity Rank: 294

STANDARD MORTGAGE CORPORATION
Similarity Rank: 1200

Hancock Whitney Bank
Similarity Rank: 1394

FIDELITY BANK
Similarity Rank: 3420

DHI MORTGAGE COMPANY, LTD.
Similarity Rank: 4617

NAVY FEDERAL CREDIT UNION
Similarity Rank: 5316

SOUTHWEST FUNDING, LP
Similarity Rank: 5728

First Horizon Bank
Similarity Rank: 8398

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	89	$15,245,000	$171,292	$0	0.00%

For 2024, Bank Of Abbeville & Trust Company's most frequently originated type of loan was Conventional, with 89 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Home Purchase	53	$10,865,000	$205,000	$0	0.00%
Refi	15	$2,435,000	$162,333	$0	0.00%
Home Improvement	9	$375,000	$41,667	$0	0.00%
Cash Out Refi	8	$950,000	$118,750	$0	0.00%
Other	4	$620,000	$155,000	$0	0.00%

For 2024, Bank Of Abbeville & Trust Company's most frequently cited loan purpose was Home Purchase, with 53 originations. The 2nd most popular reason was Refi, with 15 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
Other	89	$15,245,000	$171,292	$0	0.00%

For 2024, Bank Of Abbeville & Trust Company's most frequently cited loan duration was Other, with 89 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100,000 or less	43	$2,445,000	$56,860	$0	0.00%
$100k-200k	20	$2,690,000	$134,500	$0	0.00%
$200k-400k	16	$4,860,000	$303,750	$0	0.00%
$400k-600k	7	$3,355,000	$479,286	$0	0.00%
$600k-1MM	3	$1,895,000	$631,667	$0	0.00%

2024 saw Bank Of Abbeville & Trust Company place emphasis on $100,000 or less loans with 43 originations, totaling $2,445,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$150k-250k	14	$4,220,000	$301,429	$0	0.00%
$100k-150k	11	$2,595,000	$235,909	$0	0.00%
$250k+	6	$2,040,000	$340,000	$0	0.00%
$50k or less	6	$620,000	$103,333	$0	0.00%
$75k-100k	5	$655,000	$131,000	$0	0.00%
$50k-75k	4	$290,000	$72,500	$0	0.00%

Bank Of Abbeville & Trust Company lent most frequently to those with incomes in the $150k-250k range, with 14 originations. The second most popular income band? $100k-150k, with 11 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
Exempt%	89	$15,245,000	$171,292	$0	0.00%

Bank Of Abbeville & Trust Company lent most frequently to those with DTI ratios of Exempt%, with 89 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	41	$9,505,000	$231,829	$0	0.00%
Not applicable	43	$4,825,000	$112,209	$0	0.00%
Black	4	$870,000	$217,500	$0	0.00%
Other Pacific Islander	1	$45,000	$45,000	$0	0.00%

Approval Rates

Total approvals of all applications
81.56%

Bank Of Abbeville & Trust Company has a below average approval rate.

Pick Rate

Approvals leading to origination
70.79%

Bank Of Abbeville & Trust Company has a below average pick rate.

Points and Fees

Points	Originations	Total Value	Average Loan
Exempt	89	$15,245,000	$171,292

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
	89	$15,245,000	$171,292