Hancock Whitney Bank Mortgage Interest Rate and Cost Review

Is Hancock Whitney Bank a cheap or expensive mortgage lender? We compare the interest rates and closing costs charged by Hancock Whitney Bank with other lenders for comparable mortgages. Nationally, here is what we find:

Interest Ratesimilar to average (-0.04%)
Loan Related Closing Costslower than average (-$350)
National Rate and Closing Cost Rating(4.0)

On average, Hancock Whitney Bank’s interest rates were similar to those of other lenders (-0.04%) for a comparable set of borrowers. Its average total loan related closing cost was lower than those of other lenders, with a difference of -$350. Overall, combining interest rates and closing costs we estimate that Hancock Whitney Bank tends to be an average cost lender, and give it a National Rate and Closing Costs Rating of 4.0 out of 5.0 stars.

Hancock Whitney Bank’s Rates by Area

Mortgage lenders often set different rates in different geographical markets. In particular, among the markets we track Hancock Whitney Bank was most active in:

  1. New Orleans, LA
  2. Tampa, FL
  3. Baton Rouge, LA
  4. Gulfport, MS
  5. Crestview, FL

Furthermore, Hancock Whitney Bank is our top ranked mortgage lender in terms of interest rate and closing costs in:

  1. Lafayette, LA, for Jumbo mortgages
  2. Thibodaux, LA, for Jumbo mortgages

You can click through to check out Hancock Whitney Bank’s mortgage rate competitiveness by area. Or, for our data driven ranking of all the top mortgage lenders by area, click here.

Hancock Whitney Bank’s Rates by Mortgage Type

Mortgage lenders also tend to charge different interest rates and closing costs depending on the type of mortgage. In our data, Hancock Whitney Bank originated Conforming, FHA, Jumbo, USDA and VA mortgages for new home purchases and refinances. We breakdown its interest rate and total loan related closing cost difference relative to other lenders for comparable mortgages by type in the table below.

New Purchase MortgagesConformingFHAJumboUSDAVA
Interest Rate Difference-0.04%-0.15%+0.02%-0.07%-0.13%
Loan Related Closing Cost Difference-$353-$172-$53+$3-$615
Cost Adjusted Rate Difference-0.06%-0.16%+0.02%-0.07%-0.16%
Star Rating(4.0)(4.5)(3.5)(4.0)(4.5)
Refinance MortgagesConformingFHAJumboUSDAVA
Interest Rate Difference-0.02%-0.02%-0.01%-0.00%-0.02%
Loan Related Closing Cost Difference-$526-$68-$113+$12-$66
Cost Adjusted Rate Difference-0.07%-0.03%-0.01%-0.00%-0.03%
Star Rating(4.0)(3.5)(3.5)(3.5)(3.5)

As a summary, Hancock Whitney Bank is cheap for Conforming, FHA, USDA and VA purchase mortgages. It is similar to other lenders for Jumbo purchase mortgages. For refinancing, Hancock Whitney Bank is cheap for Conforming mortgage refinance. It is similar to other lenders for FHA, Jumbo, USDA and VA mortgage refinance. Nevertheless, individual circumstances can matter, and we always recommend shopping among several lenders in your area before signing.

Other information about Hancock Whitney Bank:

Registered name: Hancock Whitney Bank
Registered city and state: Gulfport, MS, 39501
Regulator: Consumer Financial Protection Bureau (CFPB)

* 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 Hancock Whitney 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.