Louisiana Mortgage Rates, Fees & Info
Laplace, LALEI: 549300ITOKVFTRH0EQ29
Tax ID: 72-0433721
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Mortgage Data
Review & Overview
Louisiana is a smaller mortgage company specializing in Home Purchase, Cash Out Refi, and Refi loans. Louisiana has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: New Orleans, Baton Rouge, Hammond, Ruston, and Alexandria 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 a below 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.
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Originations
113Origination Dollar Volume (All Markets)
$19,145,000Top 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) | 73 | $11,975,000 | $164,041 | $0 | 0.00% |
| BATON ROUGE, LA (FHA|USDA|VA) | 20 | $4,040,000 | $202,000 | $0 | 0.00% |
| HAMMOND, LA (FHA|USDA|VA) | 16 | $2,420,000 | $151,250 | $0 | 0.00% |
| Ruston, LA (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $0 | 0.00% |
| ALEXANDRIA, LA (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $0 | 0.00% |
| HOUMA-THIBODAUX, LA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 111 | $18,855,000 | $169,865 | $0 | 0.00% |
| FHA | 2 | $290,000 | $145,000 | $0 | 0.00% |
For 2021, Louisiana's most frequently originated type of loan was Conventional, with 111 originations. Their 2nd most popular type was FHA, with 2 originations.
Loan Reason
For 2021, Louisiana's most frequently cited loan purpose was Home Purchase, with 52 originations. The 2nd most popular reason was Cash Out Refi, with 31 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 113 | $19,145,000 | $169,425 | $0 | 0.00% |
For 2021, Louisiana's most frequently cited loan duration was Other, with 113 originations.
Loan Sizing
2021 saw Louisiana place emphasis on $100k-200k loans with 49 originations, totaling $7,565,000 in origination value.
Applicant Income
Louisiana lent most frequently to those with incomes in the $100k-150k range, with 27 originations. The second most popular income band? $75k-100k, with 26 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 113 | $19,145,000 | $169,425 | $0 | 0.00% |
Louisiana lent most frequently to those with DTI ratios of Exempt%, with 113 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.11%
Louisiana has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination74.34%
Louisiana has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 113 | $19,145,000 | $169,425 |