INVESTAR Bank Mortgage Interest Rate and Cost Review

Is INVESTAR Bank a cheap or expensive mortgage lender? To help you shop for a mortgage, we compare the interest rates and closing costs charged by INVESTAR Bank to those of other lenders for a comparable set of borrowers. Here is our review of INVESTAR Bank nationally:

Review ItemINVESTAR Bank
Interest Ratesimilar to other lenders (+0.04%)
Loan Related Closing Costssimilar to other lenders (-$112)
National Rate and Closing Cost Star Rating(3.5)

On average, INVESTAR Bank’s interest rates were similar to those of other lenders (+0.04%). Its loan related closing costs were also similar to those of other lenders, with a difference of -$112. Overall, combining interest rates and closing costs we estimate that INVESTAR Bank tends to be an average cost lender, and give it a National Rate and Closing Costs Rating of 3.5 out of 5 stars.

We maintain our independence by not accepting any money from the mortgage lenders we review. To visit INVESTAR Bank, check out its website at: https://www.investarbank.com.

INVESTAR Bank’s Rate Review by City

Mortgage lenders often set different rates in different geographical markets. For our list of the top mortgage lenders in your area, click here. In particular, among the cities we track INVESTAR Bank was most active in:

  1. Baton Rouge, LA
  2. New Orleans, LA
  3. Lafayette, LA
  4. Port St. Lucie, FL
  5. Lake Charles, LA

INVESTAR Bank’s Rate Review by Mortgage Type

Mortgage lenders also tend to charge different interest rates and closing costs depending on the type of mortgage. In our data, INVESTAR Bank originated Conforming and Jumbo mortgages for new home purchases and refinances. Its average interest rate and total loan related closing cost difference relative to other lenders by mortgages type is as follows.

Purchase/Refinance:
New Purchase MortgagesConformingJumbo
Interest Rate Difference+0.05%+0.03%
Loan Related Closing Cost Difference-$119-$40
Cost Adjusted Rate Difference+0.04%+0.03%
National Star Rating(3.5)(3.5)
Refinance MortgagesConformingJumbo
Interest Rate Difference+0.02%-0.00%
Loan Related Closing Cost Difference-$122-$40
Cost Adjusted Rate Difference-0.00%-0.00%
Average Star Rating(3.5)(3.5)

As a summary, INVESTAR Bank is similar to other lenders for Conforming and Jumbo purchase mortgages. For refinancing, INVESTAR Bank is similar to other lenders for Conforming and Jumbo mortgage refinance. Nevertheless, individual circumstances can matter a lot for mortgage rates, and we always recommend shopping among several of our top mortgage lenders in your area before signing.

Other information about INVESTAR Bank:

Registered name: Investar Bank, National Association
Registered city and state: BATON ROUGE, LA, 70808
Regulator: Office of the Comptroller of the Currency (OCC)
Top holder: INVESTAR HOLDING CORPORATION

* Source of the data is Federal Financial Institutions Examination Council (FFIEC) and is for mortgages originated in the past year. Our comparable mortgages analysis controls for INVESTAR Bank’s distribution of loan term (e.g. 30 year vs 15 year), loan-to-value (LTV), debt-to-income (DTI), loan amount, loan program (e.g. Conforming/FHA), loan purpose (e.g. purchase/refinance), and commuting zone. Cost adjusted rates were computed based on each percent of the loan amount in above average loan related closing costs being worth +0.15 of a percentage point in interest rate. Furthermore, the amounts are regularized using a Bayesian approach to control for small samples.