Barksdale Mortgage Rates, Fees & Info

Bossier City, LA

LEI: 549300MVSM4XYFQL3X62

Tax ID: 72-0475038

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

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • 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

    Barksdale is a smaller mortgage company specializing in Home Improvement, Home Purchase, and Refi 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 by origination volume include: Shreveport, Fort Polk South, Deridder, Alexandria, and Minden among others. We have data for 15 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Barksdale has a below average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Barksdale is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    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.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    Home Equity Line of Credit (HELOC) 4.46% 12/16/24
    30 Year Conventional Purchase 6.76% 12/16/24
    30 Year Conventional Refi 6.50% 12/16/24
    30 Year Cash-out Refi 6.59% 12/16/24
    30 Year FHA Purchase 7.78% 12/16/24
    30 Year FHA Refi 7.54% 12/16/24
    30 Year VA Purchase 6.58% 12/16/24
    30 Year VA Refi 6.27% 12/16/24
    15 Year Conventional Purchase 7.13% 12/16/24
    15 Year Conventional Refi 7.83% 12/16/24
    15 Year Cash-out Refi 7.83% 12/16/24
    15 Year FHA Purchase 7.63% 12/16/24
    15 Year FHA Refi 8.48% 12/16/24
    15 Year VA Purchase 5.68% 12/16/24
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

    Barksdale Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Barksdale. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    574

    Origination Dollar Volume (All Markets)

    $56,640,000

    Awards

    BARKSDALE 30 Year Conventional Loans gold BARKSDALE VA Loans bronze BARKSDALE 30 Year Conventional Loans gold
    Show all (3) awards

    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
    SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) 390 $36,370,000 $93,256 $3,285 4.82%
    Fort Polk South, LA (FHA|USDA|VA) 68 $8,110,000 $119,265 $3,737 4.28%
    Outside of Metro Areas 48 $5,710,000 $118,958 $3,746 4.32%
    DeRidder, LA (FHA|USDA|VA) 17 $1,695,000 $99,706 $3,876 4.32%
    ALEXANDRIA, LA (FHA|USDA|VA) 20 $1,440,000 $72,000 $3,361 4.55%
    Minden, LA (FHA|USDA|VA) 13 $1,265,000 $97,308 $3,436 4.09%
    LAKE CHARLES, LA (FHA|USDA|VA) 3 $515,000 $171,667 $4,922 4.88%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $365,000 $365,000 $7,307 3.50%
    LONGVIEW, TX (FHA|USDA|VA) 3 $305,000 $101,667 $3,228 3.71%
    Ruston, LA (FHA|USDA|VA) 2 $250,000 $125,000 $5,431 4.75%
    MONROE, LA (FHA|USDA|VA) 4 $240,000 $60,000 $3,130 4.16%
    Natchitoches, LA (FHA|USDA|VA) 1 $135,000 $135,000 $3,830 4.25%
    BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 1 $95,000 $95,000 $2,968 4.00%
    LAFAYETTE, LA (FHA|USDA|VA) 1 $75,000 $75,000 $0 4.50%
    Morgan City, LA (FHA|USDA|VA) 2 $70,000 $35,000 $0 5.06%
    Barksdale's top markets include Shreveport, Fort Polk South, Deridder, Alexandria, and Minden among others.

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

    • Similar Lenders

    We use machine learning to identify the top lenders compared against BARKSDALE based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    PIERREMONT MORTGAGE, INC.
    Similarity Rank: 33
    Bossier Federal Credit Union
    Similarity Rank: 42
    DSLD MORTGAGE, LLC
    Similarity Rank: 602
    Sabine State Bank and Trust Company
    Similarity Rank: 615
    CRESCENT MORTGAGE COMPANY
    Similarity Rank: 933
    BARKSDALE
    Similarity Rank: 1515
    TIB The Independent Bankersbank
    Similarity Rank: 1545
    Home Federal Bank
    Similarity Rank: 2100
    Red River Bank
    Similarity Rank: 3080
    STANDARD MORTGAGE CORPORATION
    Similarity Rank: 5088

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 293 $36,175,000 $123,464 $3,141 4.69%
    HELOC 234 $13,010,000 $55,598 n/a 4.36%
    VA 31 $5,355,000 $172,742 $4,628 6.97%
    FHA 16 $2,100,000 $131,250 $5,713 3.98%

    For 2019, Barksdale's most frequently originated type of loan was Conventional, with 293 originations. Their 2nd most popular type was HELOC, with 234 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 188 $11,480,000 $61,064 $1,936 4.47%
    Home Purchase 122 $18,250,000 $149,590 $4,211 4.95%
    Refi 108 $14,060,000 $130,185 $3,368 4.92%
    Cash Out Refi 107 $9,685,000 $90,514 $2,984 4.46%
    Other 48 $3,150,000 $65,625 $2,638 4.56%
    NA 1 $15,000 $15,000 $0 4.50%

    For 2019, Barksdale's most frequently cited loan purpose was Home Improvement, with 188 originations. The 2nd most popular reason was Home Purchase, with 122 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    20 Year 271 $16,135,000 $59,539 $3,452 4.36%
    30 Year 162 $27,240,000 $168,148 $4,174 4.97%
    15 Year 114 $11,030,000 $96,754 $2,172 4.83%
    10 Year 13 $1,155,000 $88,846 $2,911 3.87%
    3 Year 7 $645,000 $92,143 $0 6.50%
    Other 5 $265,000 $53,000 $0 5.58%
    1 Year 2 $170,000 $85,000 $0 7.00%

    For 2019, Barksdale's most frequently cited loan duration was 20 Year, with 271 originations. The 2nd most popular length was 30 Year, with 162 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 111 $9,575,000 $86,261
    $1k-2k 101 $15,455,000 $153,020
    $2k-3k 28 $6,900,000 $246,429
    $3k-4k 9 $3,035,000 $337,222
    $4k-5k 6 $2,530,000 $421,667
    $5k+ 1 $485,000 $485,000

    Barksdale's average total fees were $4,174, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 111 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 296 $23,200,000 $78,378
    3-4% 179 $24,945,000 $139,358
    5-6% 50 $3,530,000 $70,600
    6-7% 34 $2,880,000 $84,706
    2.5-3% 10 $1,590,000 $159,000
    Over 8% 3 $325,000 $108,333
    7-8% 2 $170,000 $85,000

    During 2019, Barksdale's average interest rate for loans was 4.97%, while their most frequently originated rate bucket for loans was 4-5%, with 296 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 408 $23,470,000 $57,525 $2,118 4.54%
    $100k-200k 104 $14,740,000 $141,731 $3,783 5.49%
    $200k-400k 55 $14,905,000 $271,000 $5,471 4.08%
    $400k-600k 6 $2,800,000 $466,667 $8,070 3.98%
    $600k-1MM 1 $725,000 $725,000 $6,009 3.38%

    2019 saw Barksdale place emphasis on $100,000 or less loans with 408 originations, totaling $23,470,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 138 $13,140,000 $95,217 $3,086 5.03%
    $100k-150k 130 $14,590,000 $112,231 $3,868 4.35%
    $50k or less 115 $7,945,000 $69,087 $3,046 4.61%
    $75k-100k 101 $8,545,000 $84,604 $3,303 4.35%
    $150k-250k 60 $8,310,000 $138,500 $4,717 4.44%
    $250k+ 6 $1,820,000 $303,333 $6,207 3.98%

    Barksdale lent most frequently to those with incomes in the $50k-75k range, with 138 originations. The second most popular income band? $100k-150k, with 130 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 130 $13,350,000 $102,692 $3,455 4.25%
    30-36% 110 $11,560,000 $105,091 $3,731 4.32%
    <20% 58 $6,010,000 $103,621 $3,191 5.82%
    44% 43 $3,095,000 $71,977 $2,806 4.52%
    40% 28 $2,000,000 $71,429 $2,531 4.63%
    36% 26 $2,510,000 $96,538 $4,123 4.42%
    39% 25 $2,675,000 $107,000 $3,647 4.40%
    42% 24 $1,310,000 $54,583 $2,196 4.56%
    41% 24 $2,130,000 $88,750 $3,936 4.39%
    43% 22 $1,800,000 $81,818 $1,957 6.20%
    38% 20 $2,110,000 $105,500 $2,808 4.05%
    37% 14 $1,460,000 $104,286 $3,316 4.30%
    45% 7 $465,000 $66,429 $1,762 4.54%
    47% 6 $1,300,000 $216,667 $3,564 3.69%
    46% 4 $940,000 $235,000 $5,066 4.16%
    48% 2 $500,000 $250,000 $4,815 3.44%
    49% 2 $180,000 $90,000 $4,826 3.88%
    50-60% 2 $400,000 $200,000 $9,330 4.44%
    >60% 1 $295,000 $295,000 $14,857 4.13%

    Barksdale lent most frequently to those with DTI ratios of 20-30%, with 130 originations. The next most common DTI ratio? 30-36%, with 110 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 475 $45,445,000 $95,674 $3,402 4.46%
    Black 92 $9,900,000 $107,609 $3,784 5.74%
    Native Hawaiian or Islander 1 $725,000 $725,000 $6,009 3.38%
    Asian 5 $485,000 $97,000 $3,533 3.93%
    American Indian 1 $85,000 $85,000 $3,087 4.75%

    Approval Rates

    Total approvals of all applications
    66.29%

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

    Pick Rate

    Approvals leading to origination
    61.50%

    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 574 $56,640,000 $98,676

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 30 $3,230,000 $107,667
    Single Family (1-4 Units):Site-Built 544 $53,410,000 $98,180

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 123 $7,355,000 $59,797 $1,403 4.53%
    40-60% 82 $6,690,000 $81,585 $2,521 4.27%
    60-80% 90 $13,140,000 $146,000 $3,714 4.46%
    80-100% 134 $21,310,000 $159,030 $4,148 4.90%
    Over 100% 6 $1,310,000 $218,333 $8,178 4.31%
    Under 20% 113 $4,285,000 $37,920 $304 4.55%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    Brightfunders, LLC FHA mortgage Applying for a mortgage or refinancing an existing mortgage 1 50.0%
    Brightfunders, LLC FHA mortgage Trouble during payment process 1 50.0%