Progressive National Bank Mortgage Rates, Fees & Info

Mansfield, LA

LEI: 549300YWKMUD8J4EF956

Tax ID: 72-0951082

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

Jump to:

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

    Progressive National Bank is a smaller bank specializing in Refi and Home Purchase loans. Progressive National Bank has a high proportion of conventional loans. Their top markets by origination volume include: Shreveport, Longview, Austin, and Dallas among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Progressive National Bank 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

    112

    Origination Dollar Volume (All Markets)

    $16,980,000

    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
    SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) 100 $14,910,000 $149,100 $0 0.00%
    Outside of Metro Areas 9 $865,000 $96,111 $0 0.00%
    LONGVIEW, TX (FHA|USDA|VA) 1 $805,000 $805,000 $0 0.00%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $215,000 $215,000 $0 0.00%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $185,000 $185,000 $0 0.00%
    Progressive National Bank's top markets include Shreveport, Longview, Austin, and Dallas among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 112 $16,980,000 $151,607 $0 0.00%

    For 2023, Progressive National Bank's most frequently originated type of loan was Conventional, with 112 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 61 $10,055,000 $164,836 $0 0.00%
    Home Purchase 51 $6,925,000 $135,784 $0 0.00%

    For 2023, Progressive National Bank's most frequently cited loan purpose was Refi, with 61 originations. The 2nd most popular reason was Home Purchase, with 51 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 112 $16,980,000 $151,607 $0 0.00%

    For 2023, Progressive National Bank's most frequently cited loan duration was Other, with 112 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 51 $2,875,000 $56,373 $0 0.00%
    $100k-200k 40 $5,700,000 $142,500 $0 0.00%
    $200k-400k 14 $4,130,000 $295,000 $0 0.00%
    $400k-600k 4 $1,940,000 $485,000 $0 0.00%
    $600k-1MM 3 $2,335,000 $778,333 $0 0.00%

    2023 saw Progressive National Bank place emphasis on $100,000 or less loans with 51 originations, totaling $2,875,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 9 $1,015,000 $112,778 $0 0.00%
    $250k+ 8 $2,810,000 $351,250 $0 0.00%
    $100k-150k 7 $435,000 $62,143 $0 0.00%
    $150k-250k 7 $1,865,000 $266,429 $0 0.00%
    $50k or less 5 $235,000 $47,000 $0 0.00%
    $75k-100k 4 $330,000 $82,500 $0 0.00%

    Progressive National Bank lent most frequently to those with incomes in the $50k-75k range, with 9 originations. The second most popular income band? $250k+, with 8 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 112 $16,980,000 $151,607 $0 0.00%

    Progressive National Bank lent most frequently to those with DTI ratios of Exempt%, with 112 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 71 $10,285,000 $144,859 $0 0.00%
    White 37 $6,445,000 $174,189 $0 0.00%
    Asian 1 $185,000 $185,000 $0 0.00%
    Black 3 $65,000 $21,667 $0 0.00%

    Approval Rates

    Total approvals of all applications
    98.41%

    Progressive National Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    89.29%

    Progressive National Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 112 $16,980,000 $151,607

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    112 $16,980,000 $151,607