South Lafourche Bank & Trust Company Mortgage Rates, Fees & Info
Larose, LALEI: 549300SHK8JZR89HEF81
Tax ID: 72-0643664
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Mortgage Data
Review & Overview
South Lafourche Bank & Trust Company is a smaller bank specializing in Refi and Home Purchase loans. South Lafourche Bank & Trust Company has a high proportion of conventional loans. Their top markets by origination volume include: Houma, New Orleans, Hammond, Lafayette, and Hattiesburg among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)South Lafourche Bank & 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
97Origination Dollar Volume (All Markets)
$12,685,000Top 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 |
|---|---|---|---|---|---|
| HOUMA-THIBODAUX, LA (FHA|USDA|VA) | 79 | $8,565,000 | $108,418 | $0 | 0.00% |
| Outside of Metro Areas | 2 | $1,830,000 | $915,000 | $0 | 0.00% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 9 | $1,025,000 | $113,889 | $0 | 0.00% |
| HAMMOND, LA (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $0 | 0.00% |
| LAFAYETTE, LA (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $0 | 0.00% |
| HATTIESBURG, MS (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 0.00% |
| GULFPORT-BILOXI, MS (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 0.00% |
| Laurel, MS (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
| BATON ROUGE, LA (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 97 | $12,685,000 | $130,773 | $0 | 0.00% |
For 2023, South Lafourche Bank & Trust Company's most frequently originated type of loan was Conventional, with 97 originations.
Loan Reason
For 2023, South Lafourche Bank & Trust Company's most frequently cited loan purpose was Refi, with 77 originations. The 2nd most popular reason was Home Purchase, with 13 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 97 | $12,685,000 | $130,773 | $0 | 0.00% |
For 2023, South Lafourche Bank & Trust Company's most frequently cited loan duration was Other, with 97 originations.
Loan Sizing
2023 saw South Lafourche Bank & Trust Company place emphasis on $100,000 or less loans with 56 originations, totaling $2,760,000 in origination value.
Applicant Income
South Lafourche Bank & Trust Company lent most frequently to those with incomes in the $50k or less range, with 25 originations. The second most popular income band? $100k-150k, with 19 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 97 | $12,685,000 | $130,773 | $0 | 0.00% |
South Lafourche Bank & Trust Company lent most frequently to those with DTI ratios of Exempt%, with 97 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.67%
South Lafourche Bank & Trust Company has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination70.10%
South Lafourche Bank & Trust Company has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 97 | $12,685,000 | $130,773 |