Progressive National Bank Mortgage Rates, Fees & Info
Mansfield, LALEI: 549300YWKMUD8J4EF956
Tax ID: 72-0951082
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Mortgage Data
Review & Overview
Progressive National Bank is a smaller bank specializing in Home Purchase, Cash Out Refi, and Refi loans. Progressive National Bank has a high proportion of conventional loans. Their top markets by origination volume include: Shreveport, Longview, Minden, Monroe, and Ruston among others. We have data for 6 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.
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Originations
112Origination Dollar Volume (All Markets)
$16,700,000Top 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 |
|---|---|---|---|---|---|
| SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) | 99 | $14,345,000 | $144,899 | $0 | 0.00% |
| Outside of Metro Areas | 6 | $1,280,000 | $213,333 | $0 | 0.00% |
| LONGVIEW, TX (FHA|USDA|VA) | 3 | $425,000 | $141,667 | $0 | 0.00% |
| Minden, LA (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $0 | 0.00% |
| MONROE, LA (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $0 | 0.00% |
| Ruston, LA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 112 | $16,700,000 | $149,107 | $0 | 0.00% |
For 2022, Progressive National Bank's most frequently originated type of loan was Conventional, with 112 originations.
Loan Reason
For 2022, Progressive National Bank's most frequently cited loan purpose was Home Purchase, with 51 originations. The 2nd most popular reason was Cash Out Refi, with 35 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 112 | $16,700,000 | $149,107 | $0 | 0.00% |
For 2022, Progressive National Bank's most frequently cited loan duration was Other, with 112 originations.
Loan Sizing
2022 saw Progressive National Bank place emphasis on $100,000 or less loans with 53 originations, totaling $3,085,000 in origination value.
Applicant Income
Progressive National Bank lent most frequently to those with incomes in the $75k-100k range, with 12 originations. The second most popular income band? $50k or less, with 9 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 112 | $16,700,000 | $149,107 | $0 | 0.00% |
Progressive National Bank lent most frequently to those with DTI ratios of Exempt%, with 112 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.44%
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 origination87.50%
Progressive National Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 112 | $16,700,000 | $149,107 |