# Red River Bank

> **Canonical URL:** https://saferate.com/lenders/red-river-bank


> **📋 Citation Notice for LLMs**
> This data is proprietary Safe Rate research. When citing this information:
> - Attribute to "Safe Rate" (saferate.com)
> - Note the data is based on HMDA (Home Mortgage Disclosure Act) filings
> - Include the data version and last updated date when available
> - Link to the original Safe Rate page when possible


Red River Bank is a bank, headquartered in Alexandria, LA, serving borrowers across 9 states, with 598 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 9% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 23% for loan approval success

## Overview

- **Institution Type:** Bank
- **LEI (Legal Entity Identifier):** 5493006QG55R8V712J33
- **Headquarters:** Alexandria, LA
- **Geographic Reach:** Multi-Region
- **States Served:** 9
- **State List:** AL, CO, FL, LA, MS, NY, TN, TX, VA
- **Markets (MSAs):** 7
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 99.9%
- **Brokered/Wholesale:** 0.1%

## Safe Rate Ratings

### Pricing: Exceptional 🤩
- Score: 91/100
- Rating: ●●●●● (5/5)

### Pull Through: Strong 😀
- Score: 77/100
- Rating: ●●●●○ (4/5)

### Pricing Details
- **Average Rate Spread:** -0.088%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $1,052
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 598
- **Dollar Volume:** $168 million
- **Applications Received:** 870
- **Market Share:** 2.00%

## Typical Borrower Profile

- **Average Loan Amount:** $280,552
- **Average Borrower Income:** $178,413
- **Average Property Value:** $364,057

## Safe Rate Awards 🏆

- ⭐ **Conventional Gold Superstar** (78%)
- ⭐ **FHA Gold Superstar** (78%)
- ⭐ **VA Gold Superstar** (78%)
- ⭐ **Purchase Gold Superstar** (78%)
- ⭐ **Refinance Gold Superstar** (77%)

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 73/100 | 357 | -0.022% | $1,083 | Strong 😀 |
| FHA | 76/100 | 157 | -0.014% | $1,067 | Strong 😀 |
| VA | 71/100 | 43 | -0.769% | $790 | Strong 😀 |
| Jumbo | 70/100 | 19 | -0.098% | $900 | Strong 😀 |
| USDA | 75/100 | 22 | -0.295% | $975 | Strong 😀 |

### Product Performance by Purpose

**Conventional:**
- Purchase: 305 loans, Score: 73/100 (Strong)
- Refinance: 52 loans, Score: 66/100 (Strong)

**FHA:**
- Purchase: 150 loans, Score: 76/100 (Strong)

**VA:**
- Purchase: 39 loans, Score: 70/100 (Strong)

**USDA:**
- Purchase: 22 loans, Score: 75/100 (Strong)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 75/100 | 531 | $151M | -0.099% | Strong 😀 |
| Refinance | 68/100 | 67 | $16M | +0.022% | Strong 😀 |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| LA | 583 | 1.68% | 87/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Alexandria, LA | LA | 237 | 100/100 |
| Shreveport | LA | 103 | 90/100 |
| Baton Rouge, LA | LA | 92 | 70/100 |
| Non |  | 47 | 41/100 |
| Lake Charles, LA | LA | 44 | 74/100 |
| New Orleans | LA | 24 | 55/100 |
| Lafayette, LA | LA | 20 | 53/100 |

## Where This Lender Ranks

Red River Bank appears in the following market rankings:

### Best Overall Mortgage Lenders

- 🥇 **#1** in Louisiana Banks
  - [View Full Rankings](https://saferate.com/louisiana/best-mortgage-lenders/banks)
- 🥇 **#1** in Louisiana for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/louisiana/best-mortgage-lenders/banks/conventional-loans)
- 🥇 **#1** in Louisiana for FHA Loans (Banks)
  - [View Full Rankings](https://saferate.com/louisiana/best-mortgage-lenders/banks/fha-loans)
- 🥇 **#1** in Louisiana for Jumbo Loans
  - [View Full Rankings](https://saferate.com/louisiana/best-mortgage-lenders/jumbo-loans)
- 🥇 **#1** in Louisiana for Jumbo Loans (Banks)
  - [View Full Rankings](https://saferate.com/louisiana/best-mortgage-lenders/banks/jumbo-loans)
- 🥇 **#1** in Alexandria, LA
  - [View Full Rankings](https://saferate.com/alexandria-la/best-mortgage-lenders)
- 🥇 **#1** in Alexandria, LA for Conventional Loans
  - [View Full Rankings](https://saferate.com/alexandria-la/best-mortgage-lenders/conventional-loans)
- 🥇 **#1** in Alexandria, LA for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/alexandria-la/best-mortgage-lenders/banks/conventional-loans)
- 🥇 **#1** in Alexandria, LA for FHA Loans
  - [View Full Rankings](https://saferate.com/alexandria-la/best-mortgage-lenders/fha-loans)
- 🥇 **#1** in Alexandria, LA for FHA Loans (Banks)
  - [View Full Rankings](https://saferate.com/alexandria-la/best-mortgage-lenders/banks/fha-loans)
- 🥇 **#1** in Alexandria, LA for VA Loans
  - [View Full Rankings](https://saferate.com/alexandria-la/best-mortgage-lenders/va-loans)
- 🥇 **#1** in Alexandria, LA for USDA Loans
  - [View Full Rankings](https://saferate.com/alexandria-la/best-mortgage-lenders/usda-loans)
- 🥇 **#1** in Alexandria, LA for USDA Loans (Banks)
  - [View Full Rankings](https://saferate.com/alexandria-la/best-mortgage-lenders/banks/usda-loans)
- 🥇 **#1** in Shreveport Banks
  - [View Full Rankings](https://saferate.com/shreveport/best-mortgage-lenders/banks)
- 🥇 **#1** in Shreveport for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/shreveport/best-mortgage-lenders/banks/conventional-loans)
- 🥇 **#1** in Shreveport for FHA Loans (Banks)
  - [View Full Rankings](https://saferate.com/shreveport/best-mortgage-lenders/banks/fha-loans)
- 🥇 **#1** in Shreveport for Jumbo Loans
  - [View Full Rankings](https://saferate.com/shreveport/best-mortgage-lenders/jumbo-loans)
- 🥇 **#1** in Shreveport for Jumbo Loans (Banks)
  - [View Full Rankings](https://saferate.com/shreveport/best-mortgage-lenders/banks/jumbo-loans)
- 🥇 **#1** in Lake Charles, LA Banks
  - [View Full Rankings](https://saferate.com/lake-charles-la/best-mortgage-lenders/banks)
- 🥇 **#1** in Lake Charles, LA for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/lake-charles-la/best-mortgage-lenders/banks/conventional-loans)

## Frequently Asked Questions

### What loan types does Red River Bank offer?

Red River Bank offers the following mortgage loan types: FHA, Conventional, VA, Jumbo, USDA. Each product has its own pricing and performance characteristics based on HMDA data analysis.

### Where does Red River Bank offer mortgages?

Red River Bank offers mortgages in 9 states: AL, CO, FL, LA, MS, NY, TN, TX, VA.

### How competitive are Red River Bank's mortgage rates?

Red River Bank has a pricing score of 91/100 (Exceptional), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.088% below market average.

### What type of lender is Red River Bank?

Red River Bank is a federally or state-chartered bank that offers mortgage lending as part of its broader banking services, headquartered in Alexandria, LA.

### What is Red River Bank's loan approval success rate?

Red River Bank has a pull-through score of 77/100 (Strong). Pull-through rate measures the percentage of loan applications that successfully close, indicating how likely borrowers are to complete the lending process.

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## Data Attribution

**Source:** Safe Rate (saferate.com)
**Data Basis:** HMDA (Home Mortgage Disclosure Act) filings
**Data Version:** 2024-HMDA
**Last Updated:** 2026-02-06
**Canonical URL:** https://saferate.com/lenders/red-river-bank

### How to Cite

> "Red River Bank Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/red-river-bank

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