South Lafourche Bank & Trust Company Mortgage Rates, Fees & Info
Larose, LALEI: 549300SHK8JZR89HEF81
Tax ID: 72-0643664
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
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, Crestview, Daphne, and Lafayette among others. We have data for 11 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.
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
178Origination Dollar Volume (All Markets)
$23,670,000Top 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) | 149 | $17,575,000 | $117,953 | $0 | 0.00% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 17 | $3,115,000 | $183,235 | $0 | 0.00% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 3 | $1,395,000 | $465,000 | $0 | 0.00% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 1 | $565,000 | $565,000 | $0 | 0.00% |
| LAFAYETTE, LA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 0.00% |
| Outside of Metro Areas | 2 | $240,000 | $120,000 | $0 | 0.00% |
| GULFPORT-BILOXI, MS (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
| BATON ROUGE, LA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
| ALEXANDRIA, LA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 0.00% |
| Morgan City, LA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
| SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 178 | $23,670,000 | $132,978 | $0 | 0.00% |
For 2022, South Lafourche Bank & Trust Company's most frequently originated type of loan was Conventional, with 178 originations.
Loan Reason
For 2022, South Lafourche Bank & Trust Company's most frequently cited loan purpose was Refi, with 142 originations. The 2nd most popular reason was Home Purchase, with 30 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 178 | $23,670,000 | $132,978 | $0 | 0.00% |
For 2022, South Lafourche Bank & Trust Company's most frequently cited loan duration was Other, with 178 originations.
Loan Sizing
2022 saw South Lafourche Bank & Trust Company place emphasis on $100,000 or less loans with 101 originations, totaling $5,005,000 in origination value.
Applicant Income
South Lafourche Bank & Trust Company lent most frequently to those with incomes in the $50k or less range, with 48 originations. The second most popular income band? $100k-150k, with 29 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 178 | $23,670,000 | $132,978 | $0 | 0.00% |
South Lafourche Bank & Trust Company lent most frequently to those with DTI ratios of Exempt%, with 178 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.14%
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 origination85.39%
South Lafourche Bank & Trust Company has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 178 | $23,670,000 | $132,978 |