Barksdale Mortgage Rates, Fees & Info
Bossier City, LALEI: 549300MVSM4XYFQL3X62
Tax ID: 72-0475038
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Mortgage 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
770Origination Dollar Volume (All Markets)
$106,820,000Awards
BARKSDALE - 2021
BARKSDALE is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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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 applications69.66%
Barksdale has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick Rate
Approvals leading to origination46.86%
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% |
