Louisiana Mortgage Rates, Fees & Info

Laplace, LA

LEI: 549300ITOKVFTRH0EQ29

Tax ID: 72-0433721

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

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Louisiana is a smaller mortgage company specializing in Home Purchase loans. Louisiana has a high proportion of conventional loans. Their top markets by origination volume include: New Orleans, Baton Rouge, Hammond, Gulfport, and Shreveport among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Louisiana has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.

    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.

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    Originations

    127

    Origination Dollar Volume (All Markets)

    $21,965,000

    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) 66 $11,330,000 $171,667 $0 0.00%
    BATON ROUGE, LA (FHA|USDA|VA) 38 $7,120,000 $187,368 $0 0.00%
    HAMMOND, LA (FHA|USDA|VA) 20 $2,680,000 $134,000 $0 0.00%
    GULFPORT-BILOXI, MS (FHA|USDA|VA) 1 $415,000 $415,000 $0 0.00%
    SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) 1 $215,000 $215,000 $0 0.00%
    LAFAYETTE, LA (FHA|USDA|VA) 1 $205,000 $205,000 $0 0.00%
    Louisiana's top markets include New Orleans, Baton Rouge, Hammond, Gulfport, and Shreveport among others.

    Their top states include:
  • Louisiana (FHA|USDA|VA)
  • Mississippi (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 127 $21,965,000 $172,953 $0 0.00%

    For 2023, Louisiana's most frequently originated type of loan was Conventional, with 127 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 64 $14,540,000 $227,188 $0 0.00%
    Other 30 $1,670,000 $55,667 $0 0.00%
    Cash Out Refi 25 $3,885,000 $155,400 $0 0.00%
    Refi 8 $1,870,000 $233,750 $0 0.00%

    For 2023, Louisiana's most frequently cited loan purpose was Home Purchase, with 64 originations. The 2nd most popular reason was Other, with 30 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 127 $21,965,000 $172,953 $0 0.00%

    For 2023, Louisiana's most frequently cited loan duration was Other, with 127 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 46 $12,160,000 $264,348 $0 0.00%
    $100k-200k 40 $5,810,000 $145,250 $0 0.00%
    $100,000 or less 38 $2,210,000 $58,158 $0 0.00%
    $600k-1MM 2 $1,370,000 $685,000 $0 0.00%
    $400k-600k 1 $415,000 $415,000 $0 0.00%

    2023 saw Louisiana place emphasis on $200k-400k loans with 46 originations, totaling $12,160,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 39 $7,315,000 $187,564 $0 0.00%
    $150k-250k 30 $4,700,000 $156,667 $0 0.00%
    $50k-75k 20 $2,440,000 $122,000 $0 0.00%
    $75k-100k 16 $2,440,000 $152,500 $0 0.00%
    $250k+ 15 $4,335,000 $289,000 $0 0.00%
    $50k or less 7 $735,000 $105,000 $0 0.00%

    Louisiana lent most frequently to those with incomes in the $100k-150k range, with 39 originations. The second most popular income band? $150k-250k, with 30 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 127 $21,965,000 $172,953 $0 0.00%

    Louisiana lent most frequently to those with DTI ratios of Exempt%, with 127 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 103 $18,405,000 $178,689 $0 0.00%
    Black 12 $1,950,000 $162,500 $0 0.00%
    Not provided 7 $625,000 $89,286 $0 0.00%
    Other Asian 1 $305,000 $305,000 $0 0.00%
    American Indian 2 $280,000 $140,000 $0 0.00%
    Asian 1 $215,000 $215,000 $0 0.00%
    Asian Indian 1 $185,000 $185,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    95.00%

    Louisiana has an average approval rate.

    Pick Rate

    Approvals leading to origination
    97.64%

    Louisiana has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 127 $21,965,000 $172,953

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    127 $21,965,000 $172,953