South Lafourche Bank & Trust Company Mortgage Rates, Fees & Info

Larose, LA

LEI: 549300SHK8JZR89HEF81

Tax ID: 72-0643664

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

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • 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, Baton Rouge, and Gulfport among others. We have data for 4 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

    34

    Origination Dollar Volume (All Markets)

    $7,180,000

    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
    HOUMA-THIBODAUX, LA (FHA|USDA|VA) 26 $4,170,000 $160,385 $0 0.00%
    NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 5 $1,895,000 $379,000 $0 0.00%
    BATON ROUGE, LA (FHA|USDA|VA) 2 $830,000 $415,000 $0 0.00%
    GULFPORT-BILOXI, MS (FHA|USDA|VA) 1 $285,000 $285,000 $0 0.00%
    South Lafourche Bank & Trust Company's top markets include Houma, New Orleans, Baton Rouge, and Gulfport among others.

    Their top states include:
  • Louisiana (FHA|USDA|VA)
  • Mississippi (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 34 $7,180,000 $211,176 $0 0.00%

    For 2024, South Lafourche Bank & Trust Company's most frequently originated type of loan was Conventional, with 34 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 26 $4,960,000 $190,769 $0 0.00%
    Home Purchase 8 $2,220,000 $277,500 $0 0.00%

    For 2024, South Lafourche Bank & Trust Company's most frequently cited loan purpose was Refi, with 26 originations. The 2nd most popular reason was Home Purchase, with 8 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 34 $7,180,000 $211,176 $0 0.00%

    For 2024, South Lafourche Bank & Trust Company's most frequently cited loan duration was Other, with 34 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 12 $3,660,000 $305,000 $0 0.00%
    $100,000 or less 10 $530,000 $53,000 $0 0.00%
    $100k-200k 8 $1,100,000 $137,500 $0 0.00%
    $400k-600k 4 $1,890,000 $472,500 $0 0.00%

    2024 saw South Lafourche Bank & Trust Company place emphasis on $200k-400k loans with 12 originations, totaling $3,660,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 9 $2,135,000 $237,222 $0 0.00%
    $150k-250k 6 $1,600,000 $266,667 $0 0.00%
    $250k+ 4 $1,500,000 $375,000 $0 0.00%
    $50k-75k 4 $550,000 $137,500 $0 0.00%
    $50k or less 4 $260,000 $65,000 $0 0.00%
    $75k-100k 4 $610,000 $152,500 $0 0.00%

    South Lafourche Bank & Trust Company lent most frequently to those with incomes in the $100k-150k range, with 9 originations. The second most popular income band? $150k-250k, with 6 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 34 $7,180,000 $211,176 $0 0.00%

    South Lafourche Bank & Trust Company lent most frequently to those with DTI ratios of Exempt%, with 34 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 30 $6,480,000 $216,000 $0 0.00%
    Not applicable 3 $525,000 $175,000 $0 0.00%
    Asian 1 $175,000 $175,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    92.59%

    South Lafourche Bank & Trust Company has an average approval rate.

    Pick Rate

    Approvals leading to origination
    52.94%

    South Lafourche Bank & 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 34 $7,180,000 $211,176

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    34 $7,180,000 $211,176