Bank Of Abbeville & Trust Company Mortgage Rates, Fees & Info
Abbeville, LALEI: 549300RP00N9TM7RLE66
Tax ID: 72-0124830
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage 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, New Orleans, Baton Rouge, Opelousas, 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.
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.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.
Originations
125Origination Dollar Volume (All Markets)
$16,855,000Top 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) | 112 | $14,160,000 | $126,429 | $0 | 0.00% |
| Outside of Metro Areas | 3 | $1,065,000 | $355,000 | $0 | 0.00% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 3 | $895,000 | $298,333 | $0 | 0.00% |
| BATON ROUGE, LA (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $0 | 0.00% |
| Opelousas, LA (FHA|USDA|VA) | 3 | $115,000 | $38,333 | $0 | 0.00% |
| Morgan City, LA (FHA|USDA|VA) | 2 | $90,000 | $45,000 | $0 | 0.00% |
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.
Similarity Rank: 45
Similarity Rank: 288
Similarity Rank: 361
Similarity Rank: 832
Similarity Rank: 1014
Similarity Rank: 1188
Similarity Rank: 2032
Similarity Rank: 4883
Similarity Rank: 4994
Similarity Rank: 5304
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 125 | $16,855,000 | $134,840 | $0 | 0.00% |
For 2023, Bank Of Abbeville & Trust Company's most frequently originated type of loan was Conventional, with 125 originations.
Loan Reason
For 2023, Bank Of Abbeville & Trust Company's most frequently cited loan purpose was Home Purchase, with 70 originations. The 2nd most popular reason was Cash Out Refi, with 29 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 125 | $16,855,000 | $134,840 | $0 | 0.00% |
For 2023, Bank Of Abbeville & Trust Company's most frequently cited loan duration was Other, with 125 originations.
Loan Sizing
2023 saw Bank Of Abbeville & Trust Company place emphasis on $100,000 or less loans with 71 originations, totaling $3,645,000 in origination value.
Applicant Income
Bank Of Abbeville & Trust Company lent most frequently to those with incomes in the $100k-150k range, with 13 originations. The second most popular income band? $50k-75k, with 10 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 125 | $16,855,000 | $134,840 | $0 | 0.00% |
Bank Of Abbeville & Trust Company lent most frequently to those with DTI ratios of Exempt%, with 125 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications88.11%
Bank Of Abbeville & Trust Company has an average approval rate.
Pick Rate
Approvals leading to origination69.60%
Bank Of Abbeville & Trust Company has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 125 | $16,855,000 | $134,840 |