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
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Mortgage Data
Review & Overview
Bank Of Abbeville & Trust Company is a smaller bank specializing in Home Purchase and Cash Out Refi loans. Bank Of Abbeville & Trust Company has a high proportion of conventional loans. Their top markets by origination volume include: Lafayette, Houma, Opelousas, and Baton Rouge among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)Bank Of Abbeville & Trust Company 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.
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Originations
132Origination Dollar Volume (All Markets)
$22,300,000Top 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) | 122 | $20,280,000 | $166,230 | $0 | 0.00% |
| HOUMA-THIBODAUX, LA (FHA|USDA|VA) | 3 | $555,000 | $185,000 | $0 | 0.00% |
| Opelousas, LA (FHA|USDA|VA) | 3 | $545,000 | $181,667 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $475,000 | $475,000 | $0 | 0.00% |
| BATON ROUGE, LA (FHA|USDA|VA) | 3 | $445,000 | $148,333 | $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.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 132 | $22,300,000 | $168,939 | $0 | 0.00% |
For 2022, Bank Of Abbeville & Trust Company's most frequently originated type of loan was Conventional, with 132 originations.
Loan Reason
For 2022, Bank Of Abbeville & Trust Company's most frequently cited loan purpose was Home Purchase, with 52 originations. The 2nd most popular reason was Cash Out Refi, with 42 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 132 | $22,300,000 | $168,939 | $0 | 0.00% |
For 2022, Bank Of Abbeville & Trust Company's most frequently cited loan duration was Other, with 132 originations.
Loan Sizing
2022 saw Bank Of Abbeville & Trust Company place emphasis on $100,000 or less loans with 57 originations, totaling $2,815,000 in origination value.
Applicant Income
Bank Of Abbeville & Trust Company lent most frequently to those with incomes in the $100k-150k range, with 29 originations. The second most popular income band? $50k-75k, with 18 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 132 | $22,300,000 | $168,939 | $0 | 0.00% |
Bank Of Abbeville & Trust Company lent most frequently to those with DTI ratios of Exempt%, with 132 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications91.46%
Bank Of Abbeville & Trust Company has an average approval rate.
Pick Rate
Approvals leading to origination62.12%
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 | 132 | $22,300,000 | $168,939 |
Complaints
| Bank Name | Product | Issue | 2022 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| BANK OF NEW YORK MELLON CORPORATION, THE | Reverse mortgage | Struggling to pay mortgage | 1 | 100.0% |