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 and Cash Out Refi loans. Louisiana has a high proportion of conventional loans. Their top markets by origination volume include: New Orleans, Baton Rouge, Hammond, and Houma among others. We have data for 4 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
116Origination Dollar Volume (All Markets)
$21,170,000Top 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) | 69 | $11,905,000 | $172,536 | $0 | 0.00% |
| BATON ROUGE, LA (FHA|USDA|VA) | 29 | $5,925,000 | $204,310 | $0 | 0.00% |
| HAMMOND, LA (FHA|USDA|VA) | 17 | $3,185,000 | $187,353 | $0 | 0.00% |
| HOUMA-THIBODAUX, LA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 116 | $21,170,000 | $182,500 | $0 | 0.00% |
For 2022, Louisiana's most frequently originated type of loan was Conventional, with 116 originations.
Loan Reason
For 2022, Louisiana's most frequently cited loan purpose was Home Purchase, with 57 originations. The 2nd most popular reason was Cash Out Refi, with 46 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 116 | $21,170,000 | $182,500 | $0 | 0.00% |
For 2022, Louisiana's most frequently cited loan duration was Other, with 116 originations.
Loan Sizing
2022 saw Louisiana place emphasis on $100k-200k loans with 47 originations, totaling $7,015,000 in origination value.
Applicant Income
Louisiana lent most frequently to those with incomes in the $100k-150k range, with 38 originations. The second most popular income band? $150k-250k, with 23 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 116 | $21,170,000 | $182,500 | $0 | 0.00% |
Louisiana lent most frequently to those with DTI ratios of Exempt%, with 116 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications90.95%
Louisiana has an average approval rate.
Pick Rate
Approvals leading to origination89.66%
Louisiana has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 116 | $21,170,000 | $182,500 |