First American Bank And Trust Mortgage Rates, Fees & Info
Vacherie, LALEI: 549300Z78KW88BIQNR50
Tax ID: 72-0125095
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
First American Bank And Trust is a smaller bank specializing in Home Purchase and Refi loans. First American Bank And Trust has a high proportion of conventional loans. Their top markets by origination volume include: New Orleans, Baton Rouge, Houma, Hammond, and Opelousas among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)First American Bank And Trust has an 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
549Origination Dollar Volume (All Markets)
$171,925,000Top 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 |
|---|---|---|---|---|---|
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 302 | $85,010,000 | $281,490 | $0 | 0.00% |
| BATON ROUGE, LA (FHA|USDA|VA) | 115 | $35,625,000 | $309,783 | $0 | 0.00% |
| HOUMA-THIBODAUX, LA (FHA|USDA|VA) | 98 | $26,790,000 | $273,367 | $0 | 0.00% |
| HAMMOND, LA (FHA|USDA|VA) | 23 | $18,715,000 | $813,696 | $0 | 0.00% |
| Opelousas, LA (FHA|USDA|VA) | 3 | $3,005,000 | $1,001,667 | $0 | 0.00% |
| LAFAYETTE, LA (FHA|USDA|VA) | 2 | $1,180,000 | $590,000 | $0 | 0.00% |
| GULFPORT-BILOXI, MS (FHA|USDA|VA) | 2 | $1,170,000 | $585,000 | $0 | 0.00% |
| Brookhaven, MS (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| Morgan City, LA (FHA|USDA|VA) | 2 | $180,000 | $90,000 | $0 | 0.00% |
| Laurel, MS (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 549 | $171,925,000 | $313,160 | $0 | 0.00% |
For 2022, First American Bank And Trust's most frequently originated type of loan was Conventional, with 549 originations.
Loan Reason
For 2022, First American Bank And Trust's most frequently cited loan purpose was Home Purchase, with 346 originations. The 2nd most popular reason was Refi, with 153 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 549 | $171,925,000 | $313,160 | $0 | 0.00% |
For 2022, First American Bank And Trust's most frequently cited loan duration was Other, with 549 originations.
Loan Sizing
2022 saw First American Bank And Trust place emphasis on $200k-400k loans with 160 originations, totaling $47,380,000 in origination value.
Applicant Income
First American Bank And Trust lent most frequently to those with incomes in the $100k-150k range, with 110 originations. The second most popular income band? $150k-250k, with 94 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 549 | $171,925,000 | $313,160 | $0 | 0.00% |
First American Bank And Trust lent most frequently to those with DTI ratios of Exempt%, with 549 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications85.29%
First American Bank And Trust has an average approval rate.
Pick Rate
Approvals leading to origination81.06%
First American Bank And Trust has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 549 | $171,925,000 | $313,160 |
Complaints
| Bank Name | Product | Issue | 2022 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| FIRST CITIZENS BANCSHARES, INC. | Home equity loan or line of credit (HELOC) | Applying for a mortgage or refinancing an existing mortgage | 1 | 100.0% |