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 Monroe among others. We have data for 22 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 an average 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.

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    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

    770

    Origination Dollar Volume (All Markets)

    $106,820,000

    Awards

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

    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.

    Bossier Federal Credit Union
    Similarity Rank: 68
    PIERREMONT MORTGAGE, INC.
    Similarity Rank: 220
    The Evangeline Bank & Trust Company
    Similarity Rank: 360
    ANECA Federal Credit Union
    Similarity Rank: 890
    MORTGAGE FINANCIAL SERVICES, LLC
    Similarity Rank: 1060
    Sabine State Bank and Trust Company
    Similarity Rank: 1288
    DSLD MORTGAGE, LLC
    Similarity Rank: 1440
    FBT Mortgage, L.L.C.
    Similarity Rank: 1620
    TIB The Independent Bankersbank
    Similarity Rank: 1860
    Merchants Bank of Indiana
    Similarity Rank: 2079

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 554 $87,550,000 $158,032 $3,549 3.18%
    HELOC 169 $10,325,000 $61,095 n/a 4.00%
    VA 34 $6,890,000 $202,647 $5,777 2.77%
    FHA 13 $2,055,000 $158,077 $6,733 2.98%

    For 2021, Barksdale's most frequently originated type of loan was Conventional, with 554 originations. Their 2nd most popular type was HELOC, with 169 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. 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 2021, Barksdale's most frequently cited loan purpose was Refi, with 232 originations. The 2nd most popular reason was 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 2021, Barksdale's most frequently cited loan duration was 30 Year, with 262 originations. The 2nd most popular length was 20 Year, with 230 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost 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 33 $11,025,000 $334,091
    $4k-5k 23 $10,115,000 $439,783
    $5k+ 5 $3,065,000 $613,000

    Barksdale's average total fees were $4,938, while their most frequently occuring range of origination fees (closing costs) 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 for loans was 3.07%, while their most frequently originated rate bucket for loans was 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 or Islander 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
    71.20%

    Barksdale has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    40.13%

    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%