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

Abbeville, LA

LEI: 549300RP00N9TM7RLE66

Tax ID: 72-0124830

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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.

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Originations

125

Origination Dollar Volume (All Markets)

$16,855,000

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) 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%
Bank Of Abbeville & Trust Company's top markets include Lafayette, New Orleans, Baton Rouge, Opelousas, 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
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    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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 70 $12,950,000 $185,000 $0 0.00%
    Cash Out Refi 29 $2,165,000 $74,655 $0 0.00%
    Refi 21 $1,575,000 $75,000 $0 0.00%
    Other 3 $95,000 $31,667 $0 0.00%
    Home Improvement 2 $70,000 $35,000 $0 0.00%

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 71 $3,645,000 $51,338 $0 0.00%
    $200k-400k 25 $7,055,000 $282,200 $0 0.00%
    $100k-200k 24 $3,480,000 $145,000 $0 0.00%
    $400k-600k 4 $1,950,000 $487,500 $0 0.00%
    $600k-1MM 1 $725,000 $725,000 $0 0.00%

    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

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 13 $1,905,000 $146,538 $0 0.00%
    $50k-75k 10 $620,000 $62,000 $0 0.00%
    $150k-250k 9 $3,075,000 $341,667 $0 0.00%
    $75k-100k 7 $485,000 $69,286 $0 0.00%
    $250k+ 6 $770,000 $128,333 $0 0.00%
    $50k or less 5 $355,000 $71,000 $0 0.00%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 75 $9,645,000 $128,600 $0 0.00%
    White 45 $6,735,000 $149,667 $0 0.00%
    Black 3 $325,000 $108,333 $0 0.00%
    Asian 1 $105,000 $105,000 $0 0.00%
    Vietnamese 1 $45,000 $45,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    88.11%

    Bank Of Abbeville & Trust Company has an average approval rate.

    Pick Rate

    Approvals leading to origination
    69.60%

    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

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    125 $16,855,000 $134,840