Hancock Whitney Bank Mortgage Rates, Fees & Info

Gulfport, MS

LEI: NSGZD26XPW2CUM2JKU70

Tax ID: 64-0169065

5 stars - Updated: 4/14/24 - out of 5 stars, based on 60 reviews

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

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Mortgage Data

Review & Overview

Hancock Whitney Bank is a small bank specializing in Home Purchase loans. Hancock Whitney 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: New Orleans, Houston, Tampa, Baton Rouge, and Crestview among others. We have data for 78 markets. (Some data included below & more in-depth data is available with an active subscription.)

Hancock Whitney Bank 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. Hancock Whitney 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
Home Equity Line of Credit (HELOC) 6.83% 4/14/24
30 Year Conventional Purchase 6.17% 4/14/24
30 Year Conventional Refi 6.24% 4/14/24
30 Year Cash-out Refi 6.48% 4/14/24
30 Year FHA Purchase 7.17% 4/14/24
30 Year FHA Refi 6.27% 4/14/24
30 Year VA Purchase 5.98% 4/14/24
30 Year VA Refi 6.04% 4/14/24
30 Year USDA Purchase 6.54% 4/14/24
15 Year Conventional Purchase 6.30% 4/14/24
15 Year Conventional Refi 6.21% 4/14/24
15 Year Cash-out Refi 6.21% 4/14/24
15 Year FHA Purchase 5.68% 4/14/24
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.

Hancock Whitney Bank Mortgage Calculator






Your Estimates

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

This is not an official calculator from Hancock Whitney 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

3,646

Origination Dollar Volume (All Markets)

$1,033,830,000
Show all (35) awards

Relative Rate

Hancock Whitney Bank's average 30 year fixed mortgage rate was 6.3%.

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)

Hancock Whitney Bank's average total fees/closing costs for a 30 year fixed rate mortgage were $5,627.

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
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 995 $228,315,000 $229,462 $5,123 7.35%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 397 $133,165,000 $335,428 $5,222 6.14%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 324 $118,600,000 $366,049 $6,430 6.90%
BATON ROUGE, LA (FHA|USDA|VA) 492 $108,110,000 $219,736 $5,393 7.47%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 90 $59,440,000 $660,444 $8,815 7.77%
PANAMA CITY, FL (FHA|USDA|VA) 27 $57,175,000 $2,117,593 $8,496 7.32%
GULFPORT-BILOXI, MS (FHA|USDA|VA) 279 $50,545,000 $181,165 $4,802 7.91%
ASHEVILLE, NC (FHA|USDA|VA) 1 $35,505,000 $35,505,000 $0 8.38%
MOBILE, AL (FHA|USDA|VA) 106 $24,860,000 $234,528 $5,366 7.25%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 64 $23,520,000 $367,500 $10,490 7.86%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 71 $21,295,000 $299,930 $7,869 7.93%
LAFAYETTE, LA (FHA|USDA|VA) 124 $18,800,000 $151,613 $4,976 8.20%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 50 $15,420,000 $308,400 $6,247 8.44%
TALLAHASSEE, FL (FHA|USDA|VA) 49 $14,095,000 $287,653 $5,839 6.99%
JACKSONVILLE, FL (FHA|USDA|VA) 41 $13,065,000 $318,659 $4,864 6.44%
HATTIESBURG, MS (FHA|USDA|VA) 62 $12,780,000 $206,129 $5,656 7.10%
HAMMOND, LA (FHA|USDA|VA) 92 $12,660,000 $137,609 $5,103 8.20%
Outside of Metro Areas 46 $11,060,000 $240,435 $6,005 7.11%
HOUMA-THIBODAUX, LA (FHA|USDA|VA) 58 $8,820,000 $152,069 $6,291 8.25%
JACKSON, MS (FHA|USDA|VA) 30 $8,560,000 $285,333 $4,379 6.65%
LAKE CHARLES, LA (FHA|USDA|VA) 36 $6,400,000 $177,778 $4,908 8.48%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 20 $6,240,000 $312,000 $5,008 5.98%
Picayune, MS (FHA|USDA|VA) 41 $6,135,000 $149,634 $5,397 8.83%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 10 $3,160,000 $316,000 $8,292 7.13%
Jackson, WY-ID (FHA|USDA|VA) 1 $3,105,000 $3,105,000 $10,052 7.13%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $2,505,000 $2,505,000 $0 8.88%
Bogalusa, LA (FHA|USDA|VA) 20 $2,130,000 $106,500 $4,848 8.78%
SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) 8 $2,100,000 $262,500 $4,382 8.28%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 12 $1,850,000 $154,167 $4,510 7.91%
Opelousas, LA (FHA|USDA|VA) 11 $1,255,000 $114,091 $4,033 8.22%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 3 $1,075,000 $358,333 $7,455 7.16%
Morgan City, LA (FHA|USDA|VA) 11 $985,000 $89,545 $5,408 8.80%
Jennings, LA (FHA|USDA|VA) 6 $940,000 $156,667 $5,963 8.21%
TYLER, TX (FHA|USDA|VA) 3 $925,000 $308,333 $6,295 8.54%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 2 $870,000 $435,000 $2,790 6.44%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 2 $770,000 $385,000 $15,486 7.70%
Oxford, MS (FHA|USDA|VA) 3 $765,000 $255,000 $3,920 8.35%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 2 $760,000 $380,000 $4,651 6.88%
Cullowhee, NC (FHA|USDA|VA) 1 $755,000 $755,000 $0 8.50%
Starkville, MS (FHA|USDA|VA) 3 $755,000 $251,667 $4,365 7.00%
Lebanon, NH-VT (FHA|USDA|VA) 1 $725,000 $725,000 $5,508 6.75%
BOULDER, CO (FHA|USDA|VA) 1 $715,000 $715,000 $2,895 7.75%
AUBURN-OPELIKA, AL (FHA|USDA|VA) 2 $700,000 $350,000 $3,474 6.88%
Glenwood Springs, CO (FHA|USDA|VA) 1 $695,000 $695,000 $8,284 5.00%
Ruston, LA (FHA|USDA|VA) 1 $605,000 $605,000 $11,995 7.63%
Natchitoches, LA (FHA|USDA|VA) 3 $595,000 $198,333 $0 9.18%
Rockport, TX (FHA|USDA|VA) 1 $585,000 $585,000 $2,717 7.25%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 1 $575,000 $575,000 $4,262 6.50%
PUNTA GORDA, FL (FHA|USDA|VA) 1 $545,000 $545,000 $19,153 6.25%
BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 3 $475,000 $158,333 $0 8.15%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 1 $435,000 $435,000 $0 9.50%
Laurel, MS (FHA|USDA|VA) 2 $430,000 $215,000 $6,220 6.63%
Bay City, TX (FHA|USDA|VA) 1 $405,000 $405,000 $5,945 6.50%
LAREDO, TX (FHA|USDA|VA) 1 $405,000 $405,000 $0 8.60%
MONTGOMERY, AL (FHA|USDA|VA) 4 $390,000 $97,500 $0 8.31%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 1 $375,000 $375,000 $2,372 5.63%
STAUNTON, VA (FHA|USDA|VA) 1 $365,000 $365,000 $15,213 5.38%
McComb, MS (FHA|USDA|VA) 2 $360,000 $180,000 $4,258 6.81%
Moscow, ID (FHA|USDA|VA) 1 $355,000 $355,000 $4,533 6.38%
Natchez, MS-LA (FHA|USDA|VA) 1 $355,000 $355,000 $0 4.99%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $355,000 $355,000 $2,888 6.13%
GAINESVILLE, GA (FHA|USDA|VA) 2 $340,000 $170,000 $0 9.45%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 4 $340,000 $85,000 $0 5.89%
CHARLOTTESVILLE, VA (FHA|USDA|VA) 1 $325,000 $325,000 $5,441 6.00%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 1 $325,000 $325,000 $4,561 6.00%
DeRidder, LA (FHA|USDA|VA) 1 $275,000 $275,000 $15,295 5.75%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 1 $265,000 $265,000 $2,458 7.13%
Granbury, TX (FHA|USDA|VA) 1 $255,000 $255,000 $0 8.50%
ALEXANDRIA, LA (FHA|USDA|VA) 1 $255,000 $255,000 $0 8.85%
WACO, TX (FHA|USDA|VA) 1 $245,000 $245,000 $0 8.60%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 1 $235,000 $235,000 $6,493 6.00%
OCALA, FL (FHA|USDA|VA) 1 $235,000 $235,000 $10,089 5.63%
HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 1 $205,000 $205,000 $4,858 6.38%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 1 $205,000 $205,000 $6,644 6.63%
Tupelo, MS (FHA|USDA|VA) 1 $205,000 $205,000 $6,997 7.25%
MONROE, LA (FHA|USDA|VA) 1 $195,000 $195,000 $7,128 7.13%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $145,000 $145,000 $0 10.10%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 1 $65,000 $65,000 $0 10.20%
Hancock Whitney Bank's top markets include New Orleans, Houston, Tampa, Baton Rouge, and Crestview among others.

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

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

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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,772 $644,430,000 $363,674 $5,105 6.38%
    HELOC 1,612 $315,490,000 $195,713 n/a 8.62%
    FHA 206 $54,720,000 $265,631 $9,505 6.24%
    VA 45 $16,995,000 $377,667 $9,445 6.13%
    USDA 11 $2,195,000 $199,545 $5,889 6.01%

    For 2023, Hancock Whitney Bank's most frequently originated type of loan was Conventional, with 1,772 originations. Their 2nd most popular type was HELOC, with 1,612 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,938 $795,470,000 $410,459 $5,695 6.39%
    Home Improvement 864 $112,700,000 $130,440 $4,477 8.60%
    Other 572 $71,760,000 $125,455 $5,285 8.57%
    Refi 225 $45,555,000 $202,467 $4,749 8.02%
    Cash Out Refi 47 $8,345,000 $177,553 $4,687 6.57%

    For 2023, Hancock Whitney Bank's most frequently cited loan purpose was Home Purchase, with 1,938 originations. The 2nd most popular reason was Home Improvement, with 864 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,910 $666,180,000 $348,785 $5,627 6.30%
    Other 1,557 $302,135,000 $194,049 $0 8.61%
    20 Year 58 $17,670,000 $304,655 $8,435 8.27%
    15 Year 58 $17,310,000 $298,448 $5,062 6.52%
    5 Year 42 $17,980,000 $428,095 $516 8.29%
    10 Year 11 $3,045,000 $276,818 $7,185 7.69%
    1 Year 7 $6,075,000 $867,857 $0 9.30%
    3 Year 3 $3,435,000 $1,145,000 $0 8.79%

    For 2023, Hancock Whitney Bank's most frequently cited loan duration was 30 Year, with 1,910 originations. The 2nd most popular length was Other, with 1,557 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 1,064 $336,620,000 $316,372
    $<1k 450 $145,270,000 $322,822
    $2k-3k 160 $57,110,000 $356,938
    $5k+ 133 $88,775,000 $667,481
    $3k-4k 106 $32,740,000 $308,868
    $4k-5k 62 $30,360,000 $489,677

    Hancock Whitney Bank's average total fees were $5,627, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 1,064 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    Over 8% 1,311 $234,865,000 $179,150
    6-7% 947 $383,075,000 $404,514
    5-6% 789 $255,145,000 $323,378
    7-8% 335 $126,485,000 $377,567
    4-5% 144 $21,540,000 $149,583
    3-4% 113 $11,845,000 $104,823
    2.5-3% 7 $875,000 $125,000

    During 2023, Hancock Whitney Bank's average interest rate for loans was 6.30%, while their most frequently originated rate bucket for loans was Over 8%, with 1,311 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 1,294 $367,560,000 $284,049 $5,307 6.71%
    $100k-200k 881 $125,685,000 $142,662 $4,096 7.71%
    $100,000 or less 854 $51,070,000 $59,801 $3,403 8.44%
    $400k-600k 405 $191,745,000 $473,444 $6,694 6.67%
    $600k-1MM 147 $108,255,000 $736,429 $8,535 6.69%
    $1MM+ 65 $189,515,000 $2,915,615 $12,159 7.02%

    2023 saw Hancock Whitney Bank place emphasis on $200k-400k loans with 1,294 originations, totaling $367,560,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 849 $193,525,000 $227,945 $5,536 7.41%
    $150k-250k 729 $205,835,000 $282,353 $6,193 7.49%
    $75k-100k 568 $115,660,000 $203,627 $5,130 7.25%
    $50k-75k 567 $93,405,000 $164,735 $4,549 6.96%
    $250k+ 492 $252,530,000 $513,272 $8,077 7.54%
    $50k or less 260 $26,200,000 $100,769 $3,905 7.11%

    Hancock Whitney Bank lent most frequently to those with incomes in the $100k-150k range, with 849 originations. The second most popular income band? $150k-250k, with 729 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 708 $158,970,000 $224,534 $5,450 7.46%
    30-36% 609 $162,255,000 $266,429 $5,443 7.34%
    <20% 343 $82,815,000 $241,443 $5,751 7.75%
    45% 243 $42,395,000 $174,465 $4,995 7.85%
    50-60% 152 $37,560,000 $247,105 $8,817 7.77%
    42% 135 $40,905,000 $303,000 $5,894 7.28%
    44% 134 $31,140,000 $232,388 $5,671 7.10%
    37% 130 $42,160,000 $324,308 $5,933 7.21%
    40% 129 $34,935,000 $270,814 $5,323 6.99%
    39% 128 $38,900,000 $303,906 $5,624 6.71%
    43% 121 $28,485,000 $235,413 $5,673 7.39%
    41% 119 $35,795,000 $300,798 $5,885 7.07%
    38% 113 $32,515,000 $287,743 $5,689 6.98%
    46% 101 $26,735,000 $264,703 $5,173 6.71%
    36% 98 $26,870,000 $274,184 $5,916 7.53%
    47% 95 $26,025,000 $273,947 $4,811 6.81%
    49% 93 $28,075,000 $301,882 $5,612 6.56%
    48% 87 $24,835,000 $285,460 $5,463 6.74%
    >60% 2 $530,000 $265,000 $0 9.00%

    Hancock Whitney Bank lent most frequently to those with DTI ratios of 20-30%, with 708 originations. The next most common DTI ratio? 30-36%, with 609 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 2,574 $628,650,000 $244,231 $5,708 7.68%
    Not applicable 98 $126,630,000 $1,292,143 $0 8.40%
    Black 505 $124,435,000 $246,406 $5,405 6.28%
    Not provided 329 $107,055,000 $325,395 $5,529 6.59%
    Asian 111 $41,615,000 $374,910 $6,194 6.39%
    American Indian 20 $4,160,000 $208,000 $4,168 5.90%
    Native Hawaiian or Islander 6 $610,000 $101,667 $3,881 8.37%
    Asian Indian 2 $530,000 $265,000 $3,410 7.20%
    Chinese 1 $145,000 $145,000 $0 9.35%

    Approval Rates

    Total approvals of all applications
    82.59%

    Hancock Whitney Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    69.83%

    Hancock Whitney 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 3,646 $1,033,830,000 $283,552

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    3,646 $1,033,830,000 $283,552

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 734 $106,960,000 $145,722 $3,988 8.41%
    40-60% 387 $195,125,000 $504,199 $5,413 7.49%
    60-80% 583 $248,645,000 $426,492 $6,144 7.01%
    80-100% 1,327 $430,415,000 $324,352 $5,563 6.24%
    Over 100% 5 $1,905,000 $381,000 $14,636 5.98%
    Under 20% 609 $50,475,000 $82,882 $3,976 8.78%