Origin Bank Mortgage Rates, Fees & Info

Choudrant, LA

LEI: D8RBTOL3JO2Q6IEO0F34

Tax ID: 72-0124870

5 stars - Updated: 6/23/24 - out of 5 stars, based on 36 reviews

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

Jump to:

Mortgage Data

Review & Overview

Origin Bank is a smaller bank specializing in Home Purchase and Refi loans. Origin Bank has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Dallas, Shreveport, Monroe, Houston, and Jackson among others. We have data for 65 markets. (Some data included below & more in-depth data is available with an active subscription.)

Origin 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. Origin Bank is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have relatively high rates.

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.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.52% 6/23/24
30 Year Conventional Refi 6.70% 6/23/24
30 Year Cash-out Refi 6.73% 6/23/24
30 Year FHA Purchase 7.42% 6/23/24
30 Year FHA Refi 7.25% 6/23/24
30 Year VA Purchase 6.42% 6/23/24
30 Year VA Refi 6.06% 6/23/24
30 Year USDA Purchase 6.88% 6/23/24
30 Year USDA Refi 6.27% 6/23/24
15 Year Conventional Purchase 6.33% 6/23/24
15 Year Conventional Refi 6.38% 6/23/24
15 Year Cash-out Refi 6.38% 6/23/24
These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

Origin Bank Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Origin Bank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

1,313

Origination Dollar Volume (All Markets)

$493,745,000
Show all (17) awards

Relative Rate

Origin Bank's average 30 year fixed mortgage rate was 6.66%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of 0.18%.

Relative Fees (Closing Costs)

Origin Bank's average total fees/closing costs for a 30 year fixed rate mortgage were $6,025.

The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $9,089.

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
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 320 $178,960,000 $559,250 $7,350 6.80%
SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) 234 $55,550,000 $237,393 $5,543 7.04%
MONROE, LA (FHA|USDA|VA) 231 $50,375,000 $218,074 $5,220 7.16%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 71 $48,645,000 $685,141 $9,862 6.87%
Outside of Metro Areas 76 $27,820,000 $366,053 $5,605 7.14%
JACKSON, MS (FHA|USDA|VA) 102 $26,630,000 $261,078 $5,333 6.72%
Ruston, LA (FHA|USDA|VA) 103 $25,075,000 $243,447 $5,409 7.06%
Stephenville, TX (FHA|USDA|VA) 1 $17,635,000 $17,635,000 $0 6.80%
TYLER, TX (FHA|USDA|VA) 27 $11,835,000 $438,333 $6,005 7.34%
LONGVIEW, TX (FHA|USDA|VA) 37 $7,875,000 $212,838 $4,218 7.54%
Athens, TX (FHA|USDA|VA) 7 $5,615,000 $802,143 $7,305 6.57%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 6 $5,330,000 $888,333 $8,740 6.94%
Oxford, MS (FHA|USDA|VA) 19 $4,485,000 $236,053 $4,722 7.13%
BATON ROUGE, LA (FHA|USDA|VA) 5 $1,525,000 $305,000 $5,494 7.65%
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 3 $1,385,000 $461,667 $5,814 6.93%
Steamboat Springs, CO (FHA|USDA|VA) 1 $1,365,000 $1,365,000 $0 7.50%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 1 $1,345,000 $1,345,000 $0 8.42%
Montrose, CO (FHA|USDA|VA) 1 $1,285,000 $1,285,000 $4,547 7.75%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 1 $1,225,000 $1,225,000 $2,424 6.00%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 2 $1,160,000 $580,000 $3,340 6.94%
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 5 $1,135,000 $227,000 $0 7.45%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $1,005,000 $1,005,000 $8,794 6.00%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $805,000 $805,000 $0 9.25%
Jackson, WY-ID (FHA|USDA|VA) 1 $805,000 $805,000 $5,414 6.13%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 2 $690,000 $345,000 $6,387 7.50%
PANAMA CITY, FL (FHA|USDA|VA) 2 $690,000 $345,000 $0 8.38%
SANTA FE, NM (FHA|USDA|VA) 1 $665,000 $665,000 $3,388 6.25%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 2 $650,000 $325,000 $3,001 6.25%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $645,000 $645,000 $7,233 6.00%
GULFPORT-BILOXI, MS (FHA|USDA|VA) 3 $605,000 $201,667 $5,593 6.56%
Minden, LA (FHA|USDA|VA) 4 $600,000 $150,000 $5,236 6.88%
SALT LAKE CITY, UT (FHA|USDA|VA) 1 $565,000 $565,000 $3,184 6.25%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $565,000 $565,000 $0 7.00%
Brenham, TX (FHA|USDA|VA) 1 $545,000 $545,000 $13,135 6.50%
Starkville, MS (FHA|USDA|VA) 3 $535,000 $178,333 $3,328 6.67%
ALEXANDRIA, LA (FHA|USDA|VA) 2 $530,000 $265,000 $3,078 6.25%
SHERMAN-DENISON, TX (FHA|USDA|VA) 3 $525,000 $175,000 $5,834 7.00%
Sulphur Springs, TX (FHA|USDA|VA) 1 $465,000 $465,000 $14,831 6.25%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 1 $435,000 $435,000 $10,283 6.50%
Huntsville, TX (FHA|USDA|VA) 1 $405,000 $405,000 $11,425 7.88%
Paris, TX (FHA|USDA|VA) 3 $385,000 $128,333 $0 8.25%
RICHMOND, VA (FHA|USDA|VA) 1 $375,000 $375,000 $3,253 6.00%
Granbury, TX (FHA|USDA|VA) 1 $335,000 $335,000 $4,814 6.75%
St. Marys, GA (FHA|USDA|VA) 1 $325,000 $325,000 $7,337 6.75%
Russellville, AR (FHA|USDA|VA) 1 $325,000 $325,000 $56 6.25%
BELLINGHAM, WA (FHA|USDA|VA) 1 $305,000 $305,000 $3,403 8.00%
Vicksburg, MS (FHA|USDA|VA) 2 $290,000 $145,000 $5,790 6.60%
WICHITA FALLS, TX (FHA|USDA|VA) 1 $275,000 $275,000 $0 7.50%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 1 $265,000 $265,000 $819 5.88%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 1 $255,000 $255,000 $3,107 6.50%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 1 $255,000 $255,000 $0 8.50%
Greenwood, MS (FHA|USDA|VA) 1 $235,000 $235,000 $7,873 7.14%
HATTIESBURG, MS (FHA|USDA|VA) 1 $235,000 $235,000 $7,433 6.99%
El Dorado, AR (FHA|USDA|VA) 1 $235,000 $235,000 $3,771 6.63%
MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 1 $225,000 $225,000 $9,529 5.75%
TALLAHASSEE, FL (FHA|USDA|VA) 1 $215,000 $215,000 $7,529 5.63%
Picayune, MS (FHA|USDA|VA) 1 $205,000 $205,000 $7,988 7.50%
COLUMBIA, SC (FHA|USDA|VA) 1 $195,000 $195,000 $3,208 5.88%
McComb, MS (FHA|USDA|VA) 1 $195,000 $195,000 $7,358 6.39%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 1 $185,000 $185,000 $2,596 5.63%
Natchez, MS-LA (FHA|USDA|VA) 1 $125,000 $125,000 $5,485 7.13%
WACO, TX (FHA|USDA|VA) 1 $125,000 $125,000 $0 7.00%
LAFAYETTE, LA (FHA|USDA|VA) 1 $95,000 $95,000 $3,168 7.50%
Cleveland, MS (FHA|USDA|VA) 1 $75,000 $75,000 $2,795 7.63%
Hope, AR (FHA|USDA|VA) 1 $25,000 $25,000 $0 8.00%
Origin Bank's top markets include Dallas, Shreveport, Monroe, Houston, and Jackson among others.

Their top states include:
  • Texas (FHA|USDA|VA)
  • Louisiana (FHA|USDA|VA)
  • Mississippi (FHA|USDA|VA)
  • Montana (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against Origin Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Century Next Bank
    Similarity Rank: 36
    CENTRIC
    Similarity Rank: 48
    JEFFERSON FINANCIAL
    Similarity Rank: 80
    GREATER NEW ORLEANS
    Similarity Rank: 100
    First Farmers and Merchants Bank
    Similarity Rank: 130
    PIERREMONT MORTGAGE, INC.
    Similarity Rank: 132
    SOUTHERN LENDING SERVICES, LTD.
    Similarity Rank: 136
    Eureka Homestead
    Similarity Rank: 228
    KEESLER
    Similarity Rank: 231
    AMOCO
    Similarity Rank: 258

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,014 $419,610,000 $413,817 $5,580 7.15%
    FHA 163 $39,795,000 $244,141 $8,741 6.55%
    VA 103 $28,535,000 $277,039 $6,420 6.33%
    USDA 32 $5,750,000 $179,688 $5,512 6.46%
    HELOC 1 $55,000 $55,000 n/a 8.25%

    For 2023, Origin Bank's most frequently originated type of loan was Conventional, with 1,014 originations. Their 2nd most popular type was FHA, with 163 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,004 $359,380,000 $357,948 $6,032 6.81%
    Refi 223 $110,805,000 $496,883 $8,237 7.51%
    Cash Out Refi 77 $22,655,000 $294,221 $4,960 7.55%
    Home Improvement 6 $760,000 $126,667 $2,325 8.40%
    Other 3 $145,000 $48,333 $530 10.61%

    For 2023, Origin Bank's most frequently cited loan purpose was Home Purchase, with 1,004 originations. The 2nd most popular reason was Refi, with 223 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 944 $355,350,000 $376,430 $6,025 6.66%
    5 Year 222 $58,630,000 $264,099 $0 8.00%
    Other 55 $25,075,000 $455,909 $1,598 8.02%
    15 Year 26 $5,590,000 $215,000 $3,789 6.41%
    30+ year 18 $19,380,000 $1,076,667 $21,791 7.02%
    3 Year 18 $21,030,000 $1,168,333 $0 7.91%
    1 Year 14 $5,570,000 $397,857 $3,735 8.24%
    10 Year 9 $1,415,000 $157,222 $1,745 7.72%
    20 Year 7 $1,705,000 $243,571 $2,651 8.11%

    For 2023, Origin Bank's most frequently cited loan duration was 30 Year, with 944 originations. The 2nd most popular length was 5 Year, with 222 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 503 $132,875,000 $264,165
    $1k-2k 288 $149,690,000 $519,757
    $2k-3k 95 $28,515,000 $300,158
    $5k+ 44 $40,150,000 $912,500
    $3k-4k 38 $11,220,000 $295,263
    $4k-5k 28 $10,230,000 $365,357

    Origin Bank's average total fees were $6,025, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 503 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 510 $189,930,000 $372,412
    7-8% 369 $137,925,000 $373,780
    5-6% 242 $117,440,000 $485,289
    Over 8% 186 $45,440,000 $244,301
    4-5% 4 $2,710,000 $677,500
    2.5-3% 1 $15,000 $15,000
    3-4% 1 $285,000 $285,000

    During 2023, Origin Bank's average interest rate for loans was 6.66%, while their most frequently originated rate bucket for loans was 6-7%, with 510 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 515 $141,665,000 $275,078 $6,010 6.73%
    $100k-200k 350 $54,520,000 $155,771 $4,345 7.03%
    $100,000 or less 168 $10,240,000 $60,952 $3,079 7.95%
    $400k-600k 125 $60,115,000 $480,920 $6,939 6.81%
    $600k-1MM 82 $60,850,000 $742,073 $8,027 6.89%
    $1MM+ 73 $166,355,000 $2,278,836 $16,275 6.89%

    2023 saw Origin Bank place emphasis on $200k-400k loans with 515 originations, totaling $141,665,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 247 $48,495,000 $196,336 $4,952 6.64%
    $75k-100k 197 $46,835,000 $237,741 $5,920 6.85%
    $250k+ 193 $177,475,000 $919,560 $9,245 6.88%
    $100k-150k 179 $47,845,000 $267,291 $6,024 6.80%
    $150k-250k 117 $45,645,000 $390,128 $6,848 6.83%
    $50k or less 116 $15,930,000 $137,328 $4,249 6.75%

    Origin Bank lent most frequently to those with incomes in the $50k-75k range, with 247 originations. The second most popular income band? $75k-100k, with 197 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 159 $61,645,000 $387,704 $5,619 6.69%
    30-36% 144 $49,600,000 $344,444 $5,623 6.73%
    50-60% 80 $24,470,000 $305,875 $8,230 6.63%
    <20% 79 $52,845,000 $668,924 $6,070 6.63%
    43% 58 $17,320,000 $298,621 $5,085 6.61%
    42% 52 $23,060,000 $443,462 $6,340 6.66%
    44% 49 $16,005,000 $326,633 $6,636 6.77%
    45% 42 $12,650,000 $301,190 $6,035 6.59%
    41% 39 $11,405,000 $292,436 $5,904 6.62%
    37% 39 $12,965,000 $332,436 $6,875 6.52%
    40% 38 $19,670,000 $517,632 $6,669 6.64%
    47% 33 $9,315,000 $282,273 $6,948 6.55%
    36% 33 $10,715,000 $324,697 $4,979 6.79%
    46% 32 $10,670,000 $333,438 $6,770 6.70%
    38% 32 $9,660,000 $301,875 $5,212 6.59%
    39% 29 $9,505,000 $327,759 $5,713 6.79%
    48% 25 $7,605,000 $304,200 $7,400 6.76%
    49% 22 $7,200,000 $327,273 $7,043 6.80%
    >60% 11 $5,755,000 $523,182 $7,869 7.38%

    Origin Bank lent most frequently to those with DTI ratios of 20-30%, with 159 originations. The next most common DTI ratio? 30-36%, with 144 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 851 $293,335,000 $344,694 $6,000 6.77%
    Not applicable 244 $105,150,000 $430,943 $0 7.91%
    Not provided 68 $42,870,000 $630,441 $7,987 7.01%
    Black 121 $33,795,000 $279,298 $6,471 6.76%
    Asian 23 $17,445,000 $758,478 $6,642 6.80%
    American Indian 5 $905,000 $181,000 $4,653 6.63%
    Native Hawaiian or Islander 1 $245,000 $245,000 $5,800 6.50%

    Approval Rates

    Total approvals of all applications
    94.80%

    Origin Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    69.76%

    Origin Bank 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
    NA 1,313 $493,745,000 $376,043

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,313 $493,745,000 $376,043

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 89 $15,025,000 $168,820 $3,275 7.82%
    40-60% 132 $53,360,000 $404,242 $5,953 7.27%
    60-80% 318 $180,840,000 $568,679 $6,787 7.19%
    80-100% 700 $228,900,000 $327,000 $6,096 6.72%
    Over 100% 41 $11,965,000 $291,829 $9,448 6.49%
    Under 20% 32 $3,490,000 $109,063 $2,342 8.09%