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 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 by origination volume include: Shreveport, Fort Polk South, Alexandria, Deridder, and Minden among others. We have data for 18 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Barksdale has an 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

    781

    Origination Dollar Volume (All Markets)

    $105,315,000

    Awards

    BARKSDALE 30 Year Conventional Loans gold BARKSDALE 30 Year Conventional Loans silver
    Show all (2) 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) 483 $62,625,000 $129,658 $3,461 3.42%
    Fort Polk South, LA (FHA|USDA|VA) 103 $15,555,000 $151,019 $4,141 3.01%
    Outside of Metro Areas 64 $7,890,000 $123,281 $3,878 3.55%
    ALEXANDRIA, LA (FHA|USDA|VA) 44 $6,270,000 $142,500 $4,353 3.22%
    DeRidder, LA (FHA|USDA|VA) 35 $4,765,000 $136,143 $3,998 6.50%
    Minden, LA (FHA|USDA|VA) 24 $3,010,000 $125,417 $3,513 2.95%
    LONGVIEW, TX (FHA|USDA|VA) 7 $1,115,000 $159,286 $4,974 3.77%
    MONROE, LA (FHA|USDA|VA) 6 $790,000 $131,667 $4,674 3.19%
    BATON ROUGE, LA (FHA|USDA|VA) 3 $695,000 $231,667 $6,357 3.13%
    LAFAYETTE, LA (FHA|USDA|VA) 3 $605,000 $201,667 $5,667 2.88%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $415,000 $415,000 $7,271 2.63%
    Natchitoches, LA (FHA|USDA|VA) 2 $410,000 $205,000 $4,362 2.88%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $365,000 $365,000 $6,517 2.88%
    LAKE CHARLES, LA (FHA|USDA|VA) 1 $235,000 $235,000 $5,003 3.13%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $215,000 $215,000 $5,296 2.75%
    Granbury, TX (FHA|USDA|VA) 1 $195,000 $195,000 $4,444 3.75%
    Jacksonville, TX (FHA|USDA|VA) 1 $115,000 $115,000 $3,534 2.88%
    Bogalusa, LA (FHA|USDA|VA) 1 $45,000 $45,000 $0 4.00%
    Barksdale's top markets include Shreveport, Fort Polk South, Alexandria, Deridder, 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: 76
    Bossier Federal Credit Union
    Similarity Rank: 78
    The Evangeline Bank & Trust Company
    Similarity Rank: 256
    La Capitol Federal Credit Union
    Similarity Rank: 323
    Sabine State Bank and Trust Company
    Similarity Rank: 891
    NTFN, INC.
    Similarity Rank: 936
    DSLD MORTGAGE, LLC
    Similarity Rank: 1280
    BARKSDALE
    Similarity Rank: 1656
    FBT Mortgage, L.L.C.
    Similarity Rank: 1833
    TIB The Independent Bankersbank
    Similarity Rank: 1881

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 546 $84,740,000 $155,201 $3,570 3.33%
    HELOC 174 $9,660,000 $55,517 n/a 4.00%
    VA 34 $7,110,000 $209,118 $4,468 2.76%
    FHA 27 $3,805,000 $140,926 $6,152 3.96%

    For 2020, Barksdale's most frequently originated type of loan was Conventional, with 546 originations. Their 2nd most popular type was HELOC, with 174 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 308 $49,620,000 $161,104 $3,746 2.99%
    Home Purchase 160 $26,910,000 $168,188 $4,586 3.32%
    Home Improvement 153 $10,755,000 $70,294 $2,361 3.78%
    Cash Out Refi 143 $16,385,000 $114,580 $3,283 4.34%
    Other 17 $1,645,000 $96,765 $1,978 3.91%

    For 2020, Barksdale's most frequently cited loan purpose was Refi, with 308 originations. The 2nd most popular reason was Home Purchase, with 160 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 265 $51,995,000 $196,208 $4,635 3.55%
    20 Year 238 $19,500,000 $81,933 $3,565 3.83%
    15 Year 218 $27,000,000 $123,853 $2,845 3.16%
    10 Year 42 $4,110,000 $97,857 $2,934 2.45%
    Other 14 $2,090,000 $149,286 $2,262 3.94%
    3 Year 4 $620,000 $155,000 $0 4.91%

    For 2020, Barksdale's most frequently cited loan duration was 30 Year, with 265 originations. The 2nd most popular length was 20 Year, with 238 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 245 $35,715,000 $145,776
    $<1k 173 $11,855,000 $68,526
    $2k-3k 115 $27,735,000 $241,174
    $3k-4k 35 $11,855,000 $338,714
    $4k-5k 11 $4,735,000 $430,455
    $5k+ 2 $1,030,000 $515,000

    Barksdale's average total fees were $4,635, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 245 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 285 $29,135,000 $102,228
    2.5-3% 237 $42,785,000 $180,527
    <2.5% 168 $26,040,000 $155,000
    4-5% 61 $5,195,000 $85,164
    5-6% 22 $1,340,000 $60,909
    6-7% 5 $215,000 $43,000
    Over 8% 3 $605,000 $201,667

    During 2020, Barksdale's average interest rate for loans was 3.55%, while their most frequently originated rate bucket for loans was 3-4%, with 285 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 366 $22,000,000 $60,109 $1,968 3.76%
    $100k-200k 245 $35,925,000 $146,633 $3,723 2.96%
    $200k-400k 157 $41,575,000 $264,809 $5,396 3.67%
    $400k-600k 13 $5,815,000 $447,308 $7,817 3.08%

    2020 saw Barksdale place emphasis on $100,000 or less loans with 366 originations, totaling $22,000,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 195 $30,135,000 $154,538 $4,266 3.26%
    $75k-100k 170 $21,770,000 $128,059 $3,722 3.29%
    $50k-75k 162 $18,810,000 $116,111 $3,373 4.02%
    $50k or less 113 $9,145,000 $80,929 $2,833 3.27%
    $150k-250k 96 $18,850,000 $196,354 $4,681 3.29%
    $250k+ 10 $2,170,000 $217,000 $4,912 3.21%

    Barksdale lent most frequently to those with incomes in the $100k-150k range, with 195 originations. The second most popular income band? $75k-100k, with 170 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 213 $31,405,000 $147,441 $4,053 3.30%
    30-36% 151 $19,885,000 $131,689 $3,791 3.20%
    <20% 107 $12,835,000 $119,953 $3,253 2.93%
    44% 38 $4,470,000 $117,632 $3,496 3.79%
    42% 32 $3,600,000 $112,500 $3,517 3.43%
    43% 29 $3,345,000 $115,345 $3,481 3.45%
    41% 29 $4,555,000 $157,069 $4,007 7.50%
    36% 28 $4,090,000 $146,071 $3,886 3.26%
    39% 23 $2,685,000 $116,739 $3,276 3.47%
    40% 21 $2,885,000 $137,381 $3,417 3.24%
    38% 20 $2,830,000 $141,500 $4,115 3.28%
    37% 19 $2,885,000 $151,842 $3,183 3.22%
    45% 16 $3,020,000 $188,750 $4,838 2.96%
    46% 8 $930,000 $116,250 $2,504 4.00%
    47% 5 $765,000 $153,000 $3,690 3.05%
    48% 5 $755,000 $151,000 $3,798 2.63%
    49% 4 $460,000 $115,000 $3,296 2.63%
    50-60% 2 $370,000 $185,000 $6,096 3.38%

    Barksdale lent most frequently to those with DTI ratios of 20-30%, with 213 originations. The next most common DTI ratio? 30-36%, with 151 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 653 $88,155,000 $135,000 $3,732 3.43%
    Black 103 $14,535,000 $141,117 $3,872 3.72%
    Asian 13 $1,815,000 $139,615 $4,303 3.26%
    American Indian 9 $635,000 $70,556 $2,311 4.17%
    Not provided 1 $85,000 $85,000 $0 4.90%
    Not applicable 1 $55,000 $55,000 $2,160 2.63%
    Native Hawaiian or Islander 1 $35,000 $35,000 $0 5.00%

    Approval Rates

    Total approvals of all applications
    76.46%

    Barksdale has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    45.07%

    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 781 $105,315,000 $134,846

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 42 $4,780,000 $113,810
    Single Family (1-4 Units):Site-Built 739 $100,535,000 $136,042

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 127 $9,055,000 $71,299 $1,664 3.81%
    40-60% 92 $10,320,000 $112,174 $3,181 2.92%
    60-80% 227 $39,485,000 $173,943 $3,999 3.31%
    80-100% 207 $38,735,000 $187,126 $4,538 3.16%
    Over 100% 2 $550,000 $275,000 $12,175 2.69%
    Under 20% 100 $4,440,000 $44,400 $262 4.14%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    Brightfunders, LLC Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 50.0%
    Brightfunders, LLC FHA mortgage Applying for a mortgage or refinancing an existing mortgage 1 50.0%