Barksdale Mortgage Rates, Fees & Info

Bossier City, LA

LEI: 549300MVSM4XYFQL3X62

Tax ID: 72-0475038

5 stars - out of 5 stars, based on 28 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Barksdale is a smaller mortgage company specializing in Refi and Home Purchase loans. Barksdale 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 include Shreveport, Fort Polk South, Alexandria, Deridder, and Monroe among others. Barksdale has a below average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Barksdale is typically an average fee lendor.


Originations

770

Origination Dollar Volume (All Markets)

$106,820,000

Awards

BARKSDALE 30 Year Conventional Loans gold
Show all (1) awards

Relative Rate

Barksdale's average 30 year fixed rate mortgage of loans were 3.07%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of -0.08%.

Relative Fees

Barksdale's average total fees for a 30 year fixed rate mortgage are $4,938.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) 465 $59,805,000 $128,613 $3,445 3.43%
Fort Polk South, LA (FHA|USDA|VA) 114 $17,260,000 $151,404 $4,120 3.20%
Outside of Metro Areas 65 $8,935,000 $137,462 $4,051 3.05%
ALEXANDRIA, LA (FHA|USDA|VA) 39 $5,975,000 $153,205 $3,872 3.44%
DeRidder, LA (FHA|USDA|VA) 33 $5,405,000 $163,788 $3,841 3.12%
MONROE, LA (FHA|USDA|VA) 7 $1,535,000 $219,286 $5,281 3.13%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 5 $1,365,000 $273,000 $6,659 3.05%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 5 $1,325,000 $265,000 $5,985 3.18%
Minden, LA (FHA|USDA|VA) 11 $965,000 $87,727 $2,156 3.39%
BATON ROUGE, LA (FHA|USDA|VA) 4 $820,000 $205,000 $4,774 2.59%
LONGVIEW, TX (FHA|USDA|VA) 4 $690,000 $172,500 $4,855 3.25%
Ruston, LA (FHA|USDA|VA) 4 $490,000 $122,500 $3,857 3.31%
LAFAYETTE, LA (FHA|USDA|VA) 3 $445,000 $148,333 $4,423 3.96%
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 2 $360,000 $180,000 $5,672 3.13%
LAKE CHARLES, LA (FHA|USDA|VA) 2 $290,000 $145,000 $4,087 3.81%
EL PASO, TX (FHA|USDA|VA) 1 $265,000 $265,000 $6,046 2.75%
Nacogdoches, TX (FHA|USDA|VA) 1 $255,000 $255,000 $9,354 3.13%
WACO, TX (FHA|USDA|VA) 1 $205,000 $205,000 $5,827 2.13%
HOUMA-THIBODAUX, LA (FHA|USDA|VA) 1 $155,000 $155,000 $7,603 3.00%
Natchitoches, LA (FHA|USDA|VA) 1 $105,000 $105,000 $0 4.90%
Opelousas, LA (FHA|USDA|VA) 1 $95,000 $95,000 $0 4.25%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 1 $75,000 $75,000 $3,695 2.63%

Barksdale's top markets include Shreveport, Fort Polk South, Alexandria, Deridder, and Monroe among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 723 $97,875,000 $135,373 $3,549 3.37%
VA 34 $6,890,000 $202,647 $5,777 2.77%
FHA 13 $2,055,000 $158,077 $6,733 2.98%

For the 2021 period, Barksdale's most frequently originated loan type of loans were Conventional, with 723 originations. Their 2nd most popular type is VA, with 34 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Refi 232 $37,300,000 $160,776 $3,776 3.02%
Home Purchase 197 $36,795,000 $186,777 $4,904 3.18%
Home Improvement 163 $12,295,000 $75,429 $1,990 3.80%
Cash Out Refi 154 $19,020,000 $123,506 $3,372 3.38%
Other 24 $1,410,000 $58,750 $26 4.25%

For the 2021, Barksdale's most frequently cited loan purpose of loans were Refi, with 232 originations. The 2nd most popular reason of loans were Home Purchase, with 197 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 262 $55,380,000 $211,374 $4,938 3.07%
20 Year 230 $20,960,000 $91,130 $3,679 3.73%
15 Year 218 $22,600,000 $103,670 $2,340 3.42%
10 Year 52 $6,560,000 $126,154 $3,205 2.45%
Other 5 $495,000 $99,000 $1,858 4.25%
3 Year 3 $825,000 $275,000 $0 4.42%

For the 2021, Barksdale's most frequently cited loan length of loans were 30 Year, with 262 originations. The 2nd most popular length of loans were 20 Year, with 230 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$1k-2k 213 $30,345,000 $142,465
$<1k 186 $12,840,000 $69,032
$2k-3k 105 $25,025,000 $238,333
$3k-4k 56 $21,140,000 $377,500
$5k+ 5 $3,065,000 $613,000

$4,938 of loans were Barksdale's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 213 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
3-4% 327 $42,465,000 $129,862
2.5-3% 175 $32,175,000 $183,857
<2.5% 156 $22,450,000 $143,910
4-5% 98 $7,780,000 $79,388
5-6% 13 $1,855,000 $142,692
6-7% 1 $95,000 $95,000

During 2021, Barksdale's average interest rate of loans were 3.07%, while their most frequently originated rate bucket of loans were 3-4%, with 327 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$100,000 or less 377 $23,345,000 $61,923 $1,650 3.77%
$100k-200k 221 $31,675,000 $143,326 $3,787 2.88%
$200k-400k 141 $37,145,000 $263,440 $5,636 2.93%
$400k-600k 30 $13,690,000 $456,333 $8,005 3.13%
$600k-1MM 1 $965,000 $965,000 $15,331 5.50%

2021 saw Barksdale place emphasis on $100,000 or less loans with 377 originations, totaling $23,345,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 207 $29,925,000 $144,565 $4,010 3.39%
$50k-75k 173 $20,565,000 $118,873 $3,508 3.13%
$75k-100k 147 $19,875,000 $135,204 $3,508 3.29%
$50k or less 108 $10,050,000 $93,056 $3,082 3.25%
$150k-250k 86 $16,060,000 $186,744 $4,500 3.39%
$250k+ 23 $6,715,000 $291,957 $5,816 3.43%

Barksdale lent most frequently to those with incomes in the $100k-150k range, with 207 originations. The second most popular income band? $50k-75k, with 173 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
30-36% 190 $27,680,000 $145,684 $3,875 3.31%
20-30% 189 $25,715,000 $136,058 $3,919 3.09%
<20% 79 $10,895,000 $137,911 $3,737 3.06%
42% 33 $4,075,000 $123,485 $2,932 3.39%
38% 33 $4,615,000 $139,848 $3,575 3.26%
41% 33 $4,295,000 $130,152 $3,302 3.31%
39% 30 $5,150,000 $171,667 $4,116 3.31%
44% 28 $3,520,000 $125,714 $3,727 3.26%
40% 27 $3,825,000 $141,667 $3,621 3.61%
36% 27 $4,525,000 $167,593 $3,872 3.38%
43% 23 $2,395,000 $104,130 $2,632 3.63%
37% 22 $2,850,000 $129,545 $3,965 3.60%
45% 4 $970,000 $242,500 $5,766 2.66%
46% 4 $590,000 $147,500 $3,059 3.09%
47% 2 $160,000 $80,000 $1,234 3.19%
48% 1 $225,000 $225,000 $3,978 3.13%
50-60% 1 $25,000 $25,000 $0 4.00%
49% 1 $75,000 $75,000 $0 4.00%

Barksdale lent most frequently to those with DTI ratios of 30-36%, with 190 originations. The next most common DTI ratio? 20-30%, with 189 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 620 $86,650,000 $139,758 $3,683 3.29%
Black 132 $17,260,000 $130,758 $4,029 3.56%
Asian 7 $1,265,000 $180,714 $4,537 2.82%
American Indian 5 $575,000 $115,000 $4,428 3.60%
Not provided 1 $435,000 $435,000 $7,709 3.13%
Native Hawaiian 2 $300,000 $150,000 $4,790 3.13%
Chinese 2 $280,000 $140,000 $0 5.00%
Not applicable 1 $55,000 $55,000 $1,911 2.25%

Approval Rates

Total approvals of all applications
69.66%

Barksdale has a low approval rate. They may have poor market targeting or stringent lending standards.

Pick Rate

Approvals leading to origination
46.86%

Barksdale has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

Points and Fees

Points Originations Total Value Average Loan
NA 770 $106,820,000 $138,727

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
770 $106,820,000 $138,727

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 132 $9,200,000 $69,697 $1,154 3.85%
40-60% 88 $10,240,000 $116,364 $3,146 2.89%
60-80% 211 $34,355,000 $162,820 $3,980 2.89%
80-100% 204 $44,050,000 $215,931 $5,088 2.99%
Over 100% 2 $610,000 $305,000 $12,957 3.06%
Under 20% 96 $4,090,000 $42,604 $43 4.16%

Complaints

Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
Brightfunders, LLC VA mortgage Closing on a mortgage 2 5.4%
Brightfunders, LLC Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 10 27.0%
Brightfunders, LLC Conventional home mortgage Closing on a mortgage 3 8.1%
Brightfunders, LLC Conventional home mortgage Trouble during payment process 9 24.3%
Brightfunders, LLC FHA mortgage Applying for a mortgage or refinancing an existing mortgage 3 8.1%
Brightfunders, LLC FHA mortgage Trouble during payment process 1 2.7%
Brightfunders, LLC Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 2 5.4%
Brightfunders, LLC Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 3 8.1%
Brightfunders, LLC Other type of mortgage Closing on a mortgage 2 5.4%
Brightfunders, LLC Other type of mortgage Trouble during payment process 2 5.4%