LAFAYETTE Mortgage Rates & Closing Costs
30yr Fixed Rate
15yr Fixed Rate
FHA
USDA
VA
5/1 ARM
30 Year Fixed Rate mortgages in Lafayette averaged
7.05%
for the week of 2024-04-18, compared to the national average of
7.1% for the same period.
The average rate for the prior week (2024-04-11) was
6.93% and
one month ago for the week of 2024-03-14, the
average rate was 6.69%.
Lafayette's average rate one year ago was 6.22%.
For refis of the same type during the week of 2024-04-18, the average rate
was 6.82%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2024-04-18 | 7.1% |
| Lafayette 30 Year Fixed Rate | 2024-04-18 | 7.05% |
| Lafayette 30 Year Fixed Rate Refi | 2024-04-18 | 6.82% |
| Lafayette 15 Year Fixed Rate | 2024-04-18 | 6.83% |
| Lafayette 15 Year Fixed Rate Refi | 2024-04-18 | 6.59% |
| Lafayette 30 Year FHA | 2024-04-18 | 6.38% |
| Lafayette 30 Year FHA Refi | 2024-04-18 | 7.06% |
| Lafayette 30 Year USDA | 2024-04-18 | 6.39% |
| Lafayette 30 Year USDA Refi | 2024-04-18 | 6.66% |
| Lafayette 30 Year VA | 2024-04-18 | 6.62% |
| Lafayette 30 Year VA Refi | 2024-04-18 | 6.66% |
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within LAFAYETTE, LA.
LAFAYETTE Top Lenders by Rates & Fees
The below table looks at the consensus average rates and fees provided by each lender, for only loans originated in the LAFAYETTE, LA market. This includes FHA, Conventional, USDA and VA loans, as well as refis. All terms in the below chart are 30 year fixed rate. Unless noted otherwise, other data is all inclusive (FHA, ARM, 15-yr, etc.).
LAFAYETTE Average Closing Costs & Other Stats
LAFAYETTE, LA's 132 lenders originated 6,819
loans during 2023. The total origination value was $1,423,075,000, with an average loan value of
$208,693.
LAFAYETTE's average closing costs are $5,179.
The top LAFAYETTE lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with
308 loans originated. Their average total fees are
$7,565, which is $6,272
higher than the next largest lender,
DSLD MORTGAGE, LLC.
The lowest fee LAFAYETTE lenders (with over 10 loans originated) are
DSLD MORTGAGE, LLC ($1,294), DHI MORTGAGE COMPANY, LTD. ($3,315), MERITUS Federal Credit Union ($3,952), Home Bank ($4,077) and ADVANCIAL ($4,355).
The lowest rate LAFAYETTE lenders (with over 10 loans originated) are
DHI MORTGAGE COMPANY, LTD. (5.58%), DSLD MORTGAGE, LLC (6.20%), Bank of England (6.30%), Wells Fargo Bank (6.33%) and PENNYMAC LOAN SERVICES, LLC (6.44%).
LAFAYETTE, LA Mortgage Market Share & Volume
Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.
| Name | 2022 Loan Value | 2023 Loan Value | % Change | 2023 Market Share |
|---|---|---|---|---|
| UNITED WHOLESALE MORTGAGE, LLC | $167,045,000 | $152,830,000 | -8.5% | 10.7% |
| DSLD MORTGAGE, LLC | $45,070,000 | $72,360,000 | 60.6% | 5.1% |
| GMFS LLC | $105,940,000 | $60,955,000 | -42.5% | 4.3% |
| DHI MORTGAGE COMPANY, LTD. | $70,535,000 | $56,185,000 | -20.3% | 3.9% |
| QUICKEN LOANS, LLC | $67,895,000 | $55,850,000 | -17.7% | 3.9% |
| First Horizon Bank | $77,045,000 | $52,865,000 | -31.4% | 3.7% |
| Community First Bank | $53,535,000 | $45,770,000 | -14.5% | 3.2% |
| Assurance Financial Group, L.L.C. | $62,890,000 | $41,920,000 | -33.3% | 2.9% |
| PENNYMAC LOAN SERVICES, LLC | $50,680,000 | $39,290,000 | -22.5% | 2.8% |
| EUSTIS AND AMERICAN MORTGAGE COMPANY | $57,025,000 | $33,875,000 | -40.6% | 2.4% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $62,540,000 | $32,175,000 | -48.6% | 2.3% |
| Home Bank | $40,420,000 | $26,325,000 | -34.9% | 1.8% |
| The First National Bank of Jeanerette | $21,940,000 | $26,165,000 | 19.3% | 1.8% |
| FIDELITY BANK | $32,195,000 | $21,970,000 | -31.8% | 1.5% |
| Abbeville Building & Loan (A State-Chartered Savings Bank) | $36,205,000 | $21,220,000 | -41.4% | 1.5% |
| MID AMERICA MORTGAGE, INC. | $26,160,000 | $20,215,000 | -22.7% | 1.4% |
| BERKELEY POINT CAPITAL LLC | $12,865,000 | $18,905,000 | 46.9% | 1.3% |
| Hancock Whitney Bank | $32,720,000 | $18,800,000 | -42.5% | 1.3% |
| WALKER & DUNLOP, LLC | $5,015,000 | $18,535,000 | 269.6% | 1.3% |
| CROSSCOUNTRY MORTGAGE, LLC | $2,025,000 | $18,200,000 | 798.8% | 1.3% |
| Mortgage Research Center, LLC | $22,105,000 | $17,620,000 | -20.3% | 1.2% |
| JPMorgan Chase Bank | $28,260,000 | $16,835,000 | -40.4% | 1.2% |
| BANK OF SUNSET AND TRUST CO | $15,805,000 | n/a | 1.1% | |
| BancorpSouth | $28,090,000 | $15,600,000 | -44.5% | 1.1% |
| SouthPoint Bank | $14,445,000 | n/a | 1.0% | |
| Bank of Abbeville & Trust Company | $20,280,000 | $14,160,000 | -30.2% | 1.0% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $650,000 | $14,035,000 | 2,059.2% | 1.0% |
| American Bank & Trust Company | $640,000 | $12,340,000 | 1,828.1% | 0.9% |
| b1BANK | $11,020,000 | $12,215,000 | 10.8% | 0.9% |
| Farmers-Merchants Bank & Trust Company | $13,625,000 | $11,620,000 | -14.7% | 0.8% |
| NEWREZ LLC | $4,600,000 | $11,275,000 | 145.1% | 0.8% |
| Red River Bank | $4,755,000 | $11,225,000 | 136.1% | 0.8% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $1,980,000 | $11,025,000 | 456.8% | 0.8% |
| BankPlus | $1,920,000 | $10,740,000 | 459.4% | 0.8% |
| FREEDOM MORTGAGE CORPORATION | $16,560,000 | $10,725,000 | -35.2% | 0.8% |
| Rayne State Bank & Trust Company | $18,290,000 | $10,670,000 | -41.7% | 0.7% |
| UNION HOME MORTGAGE CORP. | $15,830,000 | $10,605,000 | -33.0% | 0.7% |
| The Evangeline Bank & Trust Company | $20,770,000 | $10,340,000 | -50.2% | 0.7% |
| Gulf Coast Bank | $14,005,000 | $9,865,000 | -29.6% | 0.7% |
| 21ST MORTGAGE CORPORATION | $9,470,000 | $9,120,000 | -3.7% | 0.6% |
| The Bank | $11,860,000 | $9,110,000 | -23.2% | 0.6% |
| STANDARD MORTGAGE CORPORATION | $24,115,000 | $8,490,000 | -64.8% | 0.6% |
| Regions Bank | $15,625,000 | $8,425,000 | -46.1% | 0.6% |
| Rayne Building and Loan Association | $12,130,000 | $7,830,000 | -35.4% | 0.6% |
| The Cottonport Bank | $3,645,000 | $7,625,000 | 109.2% | 0.5% |
| Sabine State Bank and Trust Company | $2,420,000 | $7,170,000 | 196.3% | 0.5% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $7,375,000 | $7,065,000 | -4.2% | 0.5% |
| Jeff Davis Bancshares | $6,600,000 | $6,920,000 | 4.8% | 0.5% |
| CARDINAL FINANCIAL | $6,575,000 | $6,875,000 | 4.6% | 0.5% |
| NAVY FEDERAL CREDIT UNION | $9,625,000 | $6,705,000 | -30.3% | 0.5% |
| CATAHOULA LASALLE BANK | $6,575,000 | n/a | 0.5% | |
| Flagstar Bank, FSB | $15,210,000 | $6,500,000 | -57.3% | 0.5% |
| Vermilion Bank & Trust Company | $6,265,000 | n/a | 0.4% | |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $2,160,000 | $6,245,000 | 189.1% | 0.4% |
| Citizens Bank | $29,325,000 | $6,240,000 | -78.7% | 0.4% |
| FIRST COMMUNITY MORTGAGE, INC. | $125,000 | $6,200,000 | 4,860.0% | 0.4% |
| Arbor Realty Trust, Inc. | $68,545,000 | $6,075,000 | -91.1% | 0.4% |
| AMERICAN FINANCIAL RESOURCES, INC. | $9,065,000 | $5,480,000 | -39.5% | 0.4% |
| Bank of England | $21,105,000 | $5,320,000 | -74.8% | 0.4% |
| PLAZA HOME MORTGAGE, INC. | $14,255,000 | $5,320,000 | -62.7% | 0.4% |
| Equity Prime Mortgage LLC | $3,525,000 | $5,220,000 | 48.1% | 0.4% |
| LOANDEPOT.COM, LLC | $17,735,000 | $4,690,000 | -73.6% | 0.3% |
| Bank of Erath | $8,115,000 | $4,650,000 | -42.7% | 0.3% |
| TRIAD FINANCIAL SERVICES, INC. | $5,890,000 | $4,645,000 | -21.1% | 0.3% |
| INSPIRE HOME LOANS INC. | $4,130,000 | n/a | 0.3% | |
| Wells Fargo Bank | $10,290,000 | $4,105,000 | -60.1% | 0.3% |
| Mr. Cooper ( Nationstar Mortgage ) | $7,130,000 | $4,095,000 | -42.6% | 0.3% |
| FIRST NATIONAL BANK OF LA | $13,765,000 | $4,065,000 | -70.5% | 0.3% |
| MORTGAGE FINANCIAL SERVICES, LLC | $20,565,000 | $4,025,000 | -80.4% | 0.3% |
| MERITUS Federal Credit Union | $8,535,000 | $3,995,000 | -53.2% | 0.3% |
| ADVANCIAL | $4,030,000 | $3,970,000 | -1.5% | 0.3% |
| Investar Bank | $15,470,000 | $3,680,000 | -76.2% | 0.3% |
| M C Bank & Trust Company | $12,380,000 | $3,650,000 | -70.5% | 0.3% |
| Morgan Stanley Private Bank | $4,040,000 | $3,645,000 | -9.8% | 0.3% |
| LIMA ONE CAPITAL, LLC | $6,380,000 | $3,470,000 | -45.6% | 0.2% |
| STOCKTON MORTGAGE CORPORATION | $165,000 | $3,255,000 | 1,872.7% | 0.2% |
| Paramount Residential Mortgage Group, Inc. | $6,675,000 | $3,115,000 | -53.3% | 0.2% |
| USAA Federal Savings Bank | $4,205,000 | $2,950,000 | -29.8% | 0.2% |
| Plains Commerce Bank | $3,115,000 | $2,840,000 | -8.8% | 0.2% |
| First Guaranty Bank | $4,310,000 | $2,610,000 | -39.4% | 0.2% |
| U.S. Bank | $1,625,000 | $2,555,000 | 57.2% | 0.2% |
| HOMESIDE FINANCIAL, LLC | $720,000 | $2,290,000 | 218.1% | 0.2% |
| CSL Financial, LLC | $3,690,000 | $2,140,000 | -42.0% | 0.2% |
| TIB The Independent Bankersbank | $5,705,000 | $1,900,000 | -66.7% | 0.1% |
| Farmers State Bank & Trust Co. | $1,875,000 | n/a | 0.1% | |
| Summit Mortgage Corporation | $1,875,000 | n/a | 0.1% | |
| SOUTHWEST STAGE FUNDING, LLC | $2,790,000 | $1,845,000 | -33.9% | 0.1% |
| Gulf Coast Bank and Trust Company | $2,350,000 | $1,785,000 | -24.0% | 0.1% |
| SUN WEST MORTGAGE COMPANY, INC. | $2,865,000 | $1,770,000 | -38.2% | 0.1% |
| Bank of Commerce & Trust Co | $1,750,000 | n/a | 0.1% | |
| Washington State Bank | $13,155,000 | $1,735,000 | -86.8% | 0.1% |
| BROKER SOLUTIONS, INC. | $1,670,000 | $1,730,000 | 3.6% | 0.1% |
| Prosperity Home Mortgage, LLC | $235,000 | $1,715,000 | 629.8% | 0.1% |
| DRAPER AND KRAMER MORTGAGE CORP. | $1,530,000 | $1,675,000 | 9.5% | 0.1% |
| CMG MORTGAGE, INC. | $4,485,000 | $1,670,000 | -62.8% | 0.1% |
| The First, A National Banking Association | $1,005,000 | $1,645,000 | 63.7% | 0.1% |
| MOVEMENT MORTGAGE, LLC | $6,995,000 | $1,545,000 | -77.9% | 0.1% |
| VILLAGE CAPITAL MORTGAGE | $495,000 | $1,515,000 | 206.1% | 0.1% |
| PNC Bank | $1,450,000 | $1,455,000 | 0.3% | 0.1% |
| AMERICAN FINANCIAL NETWORK, INC. | $1,425,000 | n/a | 0.1% | |
| ROYAL UNITED MORTGAGE LLC | $490,000 | $1,390,000 | 183.7% | 0.1% |
| SILVER HILL FUNDING, LLC | $330,000 | $1,370,000 | 315.2% | 0.1% |
| BMO Harris Bank | $105,000 | $1,325,000 | 1,161.9% | 0.1% |
| Discover Bank | $455,000 | $1,315,000 | 189.0% | 0.1% |
| LENDSURE MORTGAGE CORP. | $215,000 | $1,315,000 | 511.6% | 0.1% |
| SOUTHPOINT FINANCIAL SERVICES, INC. | $215,000 | $1,315,000 | 511.6% | 0.1% |
| PLANET HOME LENDING, LLC | $1,275,000 | $1,290,000 | 1.2% | 0.1% |
| Nations Lending Corporation | $2,675,000 | $1,275,000 | -52.3% | 0.1% |
| Carrington Mortgage Services, LLC | $3,355,000 | $1,260,000 | -62.4% | 0.1% |
| EFCU FINANCIAL | $320,000 | $1,205,000 | 276.6% | 0.1% |
| NEW DAY FINANCIAL, LLC | $2,430,000 | $1,195,000 | -50.8% | 0.1% |
| Victorian Finance, LLC | $4,725,000 | $1,190,000 | -74.8% | 0.1% |
| Onpath Federal Credit Union | $1,140,000 | n/a | 0.1% | |
| AMERISAVE MORTGAGE CORPORATION | $11,745,000 | $1,120,000 | -90.5% | 0.1% |
| First National Bank of America | $1,105,000 | n/a | 0.1% | |
| CHURCHILL MORTGAGE CORPORATION | $1,160,000 | $1,095,000 | -5.6% | 0.1% |
| The Federal Savings Bank | $470,000 | $1,080,000 | 129.8% | 0.1% |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $945,000 | $1,060,000 | 12.2% | 0.1% |
| NATIONS DIRECT MORTGAGE, LLC | $960,000 | n/a | 0.1% | |
| ANECA Federal Credit Union | $930,000 | n/a | 0.1% | |
| AMWEST FUNDING CORP. | $135,000 | $925,000 | 585.2% | 0.1% |
| NEXERA HOLDING LLC | $925,000 | n/a | 0.1% | |
| Gateway First Bank | $1,615,000 | $900,000 | -44.3% | 0.1% |
| Pelican State Credit Union | $2,670,000 | $890,000 | -66.7% | 0.1% |
| MORTGAGE ACCESS CORP. | $880,000 | n/a | 0.1% | |
| AMERICAN NATIONWIDE MORTGAGE COMPANY, INC. | $515,000 | $865,000 | 68.0% | 0.1% |
| Coastal Community Bank | $865,000 | n/a | 0.1% | |
| Bank of America | $4,560,000 | $855,000 | -81.3% | 0.1% |
| Ally Bank | $2,460,000 | $825,000 | -66.5% | 0.1% |
| COUNTRYPLACE MORTGAGE, LTD. | $325,000 | $800,000 | 146.2% | 0.1% |
| CRESCENT MORTGAGE COMPANY | $6,370,000 | $785,000 | -87.7% | 0.1% |
| CrossFirst Bank | $785,000 | n/a | 0.1% | |
| CIS Financial Services, Inc. | $305,000 | $750,000 | 145.9% | 0.1% |
| The Loan Store, Inc. | $730,000 | n/a | 0.1% | |
| CLEARPATH LENDING | $225,000 | $725,000 | 222.2% | 0.1% |
| FirstTrust Home Loans, Inc. | $725,000 | n/a | 0.1% | |
| BAY EQUITY LLC | $715,000 | n/a | 0.1% | |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $910,000 | $710,000 | -22.0% | 0.0% |
| CREDIT HUMAN FEDERAL CREDIT UNION | $775,000 | $670,000 | -13.5% | 0.0% |
| Trustmark National Bank | $855,000 | $665,000 | -22.2% | 0.0% |
| Century Mortgage Company DBA Century Lending Company | $645,000 | n/a | 0.0% | |
| North American Savings Bank, F.S.B. | $315,000 | $630,000 | 100.0% | 0.0% |
| Lakeview Community Capital, LLC | $815,000 | $625,000 | -23.3% | 0.0% |
| United Community Bank | $1,385,000 | $620,000 | -55.2% | 0.0% |
| THE MORTGAGE FIRM, INC. | $800,000 | $615,000 | -23.1% | 0.0% |
| SPRING EQ, LLC | $835,000 | $610,000 | -26.9% | 0.0% |
| First American Bank and Trust | $1,180,000 | $600,000 | -49.2% | 0.0% |
| NTFN, INC. | $745,000 | $595,000 | -20.1% | 0.0% |
| NBKC BANK | $1,680,000 | $590,000 | -64.9% | 0.0% |
| CHEVRON | $370,000 | $585,000 | 58.1% | 0.0% |
| AmeriHome Mortgage Company, LLC | $220,000 | $580,000 | 163.6% | 0.0% |
| AMCAP MORTGAGE, LTD. | $1,710,000 | $575,000 | -66.4% | 0.0% |
| HOMELAND BANCSHARES | $3,010,000 | $575,000 | -80.9% | 0.0% |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $1,145,000 | $570,000 | -50.2% | 0.0% |
| RELIANCE FIRST CAPITAL, LLC | $645,000 | $560,000 | -13.2% | 0.0% |
| La Capitol Federal Credit Union | $410,000 | $530,000 | 29.3% | 0.0% |
| Magnolia Bank | $520,000 | n/a | 0.0% | |
| Quontic Bank | $520,000 | n/a | 0.0% | |
| PENTAGON FEDERAL CREDIT UNION | $2,420,000 | $505,000 | -79.1% | 0.0% |
| LAKEVIEW LOAN SERVICING, LLC | $2,235,000 | $495,000 | -77.9% | 0.0% |
| Truist | $235,000 | $495,000 | 110.6% | 0.0% |
| FINANCE OF AMERICA REVERSE LLC | $260,000 | $475,000 | 82.7% | 0.0% |
| TOWNE MORTGAGE COMPANY | $940,000 | $460,000 | -51.1% | 0.0% |
| BOM Bank | $455,000 | n/a | 0.0% | |
| Barrington Bank & Trust Company, N.A. | $405,000 | $450,000 | 11.1% | 0.0% |
| CITYWIDE HOME LOANS, LLC | $445,000 | n/a | 0.0% | |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | $975,000 | $430,000 | -55.9% | 0.0% |
| SUMMIT FUNDING, INC. | $785,000 | $425,000 | -45.9% | 0.0% |
| TOP FLITE FINANCIAL, INC. | $425,000 | n/a | 0.0% | |
| ZILLOW HOME LOANS, LLC | $420,000 | n/a | 0.0% | |
| CSE Federal Credit Union | $115,000 | $405,000 | 252.2% | 0.0% |
| PREMIA MORTGAGE, LLC | $1,335,000 | $400,000 | -70.0% | 0.0% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $1,015,000 | $390,000 | -61.6% | 0.0% |
| Waterstone Mortgage Corporation | $385,000 | n/a | 0.0% | |
| Wolfe Financial, Inc | $1,230,000 | $370,000 | -69.9% | 0.0% |
| Figure Lending LLC | $450,000 | $360,000 | -20.0% | 0.0% |
| TOGETHER CREDIT UNION | $360,000 | n/a | 0.0% | |
| FBC MORTGAGE, LLC | $355,000 | n/a | 0.0% | |
| South Lafourche Bank & Trust Company | $275,000 | $350,000 | 27.3% | 0.0% |
| Republic State Mortgage Co. | $2,140,000 | $330,000 | -84.6% | 0.0% |
| South Louisiana Bank | $330,000 | n/a | 0.0% | |
| GUARANTEED RATE, INC. | $7,690,000 | $310,000 | -96.0% | 0.0% |
| SCHLUMBERGER EMPLOYEES CREDIT UNION | $530,000 | $305,000 | -42.5% | 0.0% |
| SOUTHWEST LOUISIANA CREDIT UNION | $1,000,000 | $305,000 | -69.5% | 0.0% |
| Colonial Savings, F.A. | $185,000 | $295,000 | 59.5% | 0.0% |
| Republic Bank & Trust Company | $295,000 | n/a | 0.0% | |
| WYMAR FEDERAL CREDIT UNION | $295,000 | n/a | 0.0% | |
| PHH Mortgage Corporation | $540,000 | $290,000 | -46.3% | 0.0% |
| RESIDENTIAL BANCORP | $250,000 | $280,000 | 12.0% | 0.0% |
| Arvest Bank | $1,240,000 | $275,000 | -77.8% | 0.0% |
| Community Bank of Mississippi | $275,000 | n/a | 0.0% | |
| M&T Bank | $705,000 | $275,000 | -61.0% | 0.0% |
| TJC Mortgage, Inc. | $12,045,000 | $275,000 | -97.7% | 0.0% |
| OCMBC, INC. | $185,000 | $270,000 | 45.9% | 0.0% |
| Renasant Bank | $1,135,000 | $270,000 | -76.2% | 0.0% |
| AgFirst Farm Credit Bank | $205,000 | $265,000 | 29.3% | 0.0% |
| VELOCITY COMMERCIAL CAPITAL, LLC | $190,000 | $265,000 | 39.5% | 0.0% |
| First Federal Bank of Louisiana | $255,000 | n/a | 0.0% | |
| LAND HOME FINANCIAL SERVICES, INC. | $255,000 | n/a | 0.0% | |
| LEADERONE FINANCIAL CORPORATION | $1,215,000 | $255,000 | -79.0% | 0.0% |
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $270,000 | $240,000 | -11.1% | 0.0% |
| Bank of Zachary | $630,000 | $240,000 | -61.9% | 0.0% |
| Shamrock Home Loans, Inc. | $235,000 | n/a | 0.0% | |
| City Bank | $225,000 | n/a | 0.0% | |
| Commerce Home Mortgage, Inc. | $225,000 | n/a | 0.0% | |
| GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION | $225,000 | n/a | 0.0% | |
| Home Loan Investment Bank, F.S.B. | $180,000 | $225,000 | 25.0% | 0.0% |
| Presidential Bank, FSB | $225,000 | n/a | 0.0% | |
| GENEVA FINANCIAL, LLC | $1,515,000 | $220,000 | -85.5% | 0.0% |
| KEESLER | $215,000 | n/a | 0.0% | |
| T2 FINANCIAL LLC | $215,000 | n/a | 0.0% | |
| First Option Mortgage, LLC | $275,000 | $210,000 | -23.6% | 0.0% |
| LENDINGONE, LLC | $165,000 | $210,000 | 27.3% | 0.0% |
| LONGBRIDGE FINANCIAL, LLC | $75,000 | $210,000 | 180.0% | 0.0% |
| First Savings Bank | $205,000 | n/a | 0.0% | |
| LOUISIANA | $205,000 | n/a | 0.0% | |
| ON Q FINANCIAL, INC. | $205,000 | n/a | 0.0% | |
| SUPERIOR CHOICE | $200,000 | n/a | 0.0% | |
| DEEPHAVEN MORTGAGE LLC | $185,000 | $195,000 | 5.4% | 0.0% |
| DELMAR FINANCIAL COMPANY | $195,000 | n/a | 0.0% | |
| LAFAYETTE FEDERAL CREDIT UNION | $195,000 | n/a | 0.0% | |
| Progressive Bank | $345,000 | $195,000 | -43.5% | 0.0% |
| Southern Heritage Bank | $615,000 | $195,000 | -68.3% | 0.0% |
| Citibank | $175,000 | n/a | 0.0% | |
| PriorityOne Bank | $175,000 | n/a | 0.0% | |
| Campus Federal Credit Union | $315,000 | $170,000 | -46.0% | 0.0% |
| Neighborhood Loans, Inc. | $165,000 | n/a | 0.0% | |
| NP, Inc. | $205,000 | $165,000 | -19.5% | 0.0% |
| BARKSDALE | $345,000 | $160,000 | -53.6% | 0.0% |
| American Airlines Federal Credit Union | $155,000 | n/a | 0.0% | |
| EVERETT FINANCIAL, INC. | $1,080,000 | $155,000 | -85.6% | 0.0% |
| FIRST MORTGAGE COMPANY, INC. | $155,000 | n/a | 0.0% | |
| Bethpage Federal Credit Union | $145,000 | n/a | 0.0% | |
| Plaquemine Bank and Trust Company | $145,000 | n/a | 0.0% | |
| Merchants Bank of Indiana | $135,000 | n/a | 0.0% | |
| American Bank & Trust Company | $640,000 | $125,000 | -80.5% | 0.0% |
| CREDIT UNION MORTGAGE ASSOCIATION, INC. | $135,000 | $125,000 | -7.4% | 0.0% |
| Grand Bank for Savings, FSB | $425,000 | $125,000 | -70.6% | 0.0% |
| AMERICAN HERITAGE LENDING, INC. | $115,000 | n/a | 0.0% | |
| HOMEXPRESS MORTGAGE CORP. | $485,000 | $115,000 | -76.3% | 0.0% |
| JEFFERSON FINANCIAL | $140,000 | $115,000 | -17.9% | 0.0% |
| Northpointe Bank | $490,000 | $115,000 | -76.5% | 0.0% |
| THRIVE MORTGAGE, LLC | $115,000 | n/a | 0.0% | |
| ALL IN | $105,000 | n/a | 0.0% | |
| FINANCE OF AMERICA MORTGAGE LLC | $6,475,000 | $105,000 | -98.4% | 0.0% |
| MEMBER HOME LOAN, L.L.C. | $105,000 | n/a | 0.0% | |
| Deere Employees Credit Union | $295,000 | $100,000 | -66.1% | 0.0% |
| Origin Bank | $500,000 | $95,000 | -81.0% | 0.0% |
| EMBRACE HOME LOANS, INC. | $85,000 | n/a | 0.0% | |
| Feliciana Bank & Trust Company | $85,000 | n/a | 0.0% | |
| Bank of Yazoo City | $75,000 | n/a | 0.0% | |
| Goldwater Bank, N.A. | $75,000 | n/a | 0.0% | |
| OPEN MORTGAGE, LLC | $75,000 | n/a | 0.0% | |
| United States Senate Federal Credit Union | $75,000 | n/a | 0.0% | |
| St Landry Bank & Trust Company | $610,000 | $70,000 | -88.5% | 0.0% |
| DAS Acquisition Company, LLC | $65,000 | n/a | 0.0% | |
| Heritage Bank of St Tammany | $55,000 | n/a | 0.0% | |
| Signature Federal Credit Union | $55,000 | n/a | 0.0% | |
| Peoples Bank & Trust Company of Pointe Coupee Parish, Inc | $105,000 | $35,000 | -66.7% | 0.0% |
| Ameris Bank | $15,000 | n/a | 0.0% |
LAFAYETTE's top lender by overall market share is UNITED WHOLESALE MORTGAGE, LLC, with 10.7% market share. In second place, with 5.1%, is DSLD MORTGAGE, LLC, having originated $72,360,000 in loans. In third place, with 4.3%, is GMFS LLC, having originated $60,955,000 in loans. In fourth place, with 3.9%, is DHI MORTGAGE COMPANY, LTD., having originated $56,185,000 in loans. In fifth place, with 3.9%, is QUICKEN LOANS, LLC, having originated $55,850,000 in loans.
LAFAYETTE Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - LAFAYETTE (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
|---|---|---|---|---|
| 2018-01-01 | $208,225 (-0.7%) | $257,866 (-2.0%) | 0.77 | 2,119 |
| 2018-02-01 | $209,900 (-0.1%) | $262,204 (0.4%) | 0.76 | 2,154 |
| 2018-03-01 | $210,000 (-2.3%) | $263,652 (-1.5%) | 0.74 | 2,260 |
| 2018-04-01 | $214,400 (-2.6%) | $267,566 (-2.6%) | 0.73 | 2,283 |
| 2018-05-01 | $213,650 (-2.9%) | $267,797 (-3.7%) | 0.71 | 2,350 |
| 2018-06-01 | $210,500 (-4.3%) | $266,711 (-4.0%) | 0.70 | 2,425 |
| 2018-07-01 | $210,000 (-4.0%) | $266,548 (-3.6%) | 0.70 | 2,492 |
| 2018-08-01 | $210,250 (-2.2%) | $263,933 (-3.1%) | 0.70 | 2,530 |
| 2018-09-01 | $211,957 (-0.5%) | $264,707 (-1.7%) | 0.71 | 2,493 |
| 2018-10-01 | $206,475 (-1.8%) | $260,159 (-2.9%) | 0.70 | 2,482 |
| 2018-11-01 | $208,086 (-0.8%) | $262,477 (-0.9%) | 0.71 | 2,431 |
| 2018-12-01 | $206,500 (-0.6%) | $262,637 (0.7%) | 0.71 | 2,385 |
| 2019-01-01 | $209,450 (0.6%) | $266,925 (3.5%) | 0.72 | 2,265 |
| 2019-02-01 | $210,550 (0.3%) | $271,209 (3.4%) | 0.71 | 2,302 |
| 2019-03-01 | $212,143 (1.0%) | $274,673 (4.2%) | 0.69 | 2,306 |
| 2019-04-01 | $215,000 (0.3%) | $278,210 (4.0%) | 0.68 | 2,310 |
| 2019-05-01 | $217,950 (2.0%) | $282,612 (5.5%) | 0.68 | 2,251 |
| 2019-06-01 | $219,500 (4.3%) | $284,430 (6.6%) | 0.69 | 2,268 |
| 2019-07-01 | $219,975 (4.8%) | $288,977 (8.4%) | 0.69 | 2,253 |
| 2019-08-01 | $219,691 (4.5%) | $289,149 (9.6%) | 0.70 | 2,204 |
| 2019-09-01 | $219,302 (3.5%) | $289,647 (9.4%) | 0.70 | 2,141 |
| 2019-10-01 | $219,000 (6.1%) | $290,618 (11.7%) | 0.71 | 2,084 |
| 2019-11-01 | $214,900 (3.3%) | $286,648 (9.2%) | 0.70 | 2,044 |
| 2019-12-01 | $211,000 (2.2%) | $280,622 (6.9%) | 0.70 | 1,947 |
| 2020-01-01 | $210,000 (0.3%) | $282,065 (5.7%) | 0.70 | 1,852 |
| 2020-02-01 | $210,000 (-0.3%) | $286,456 (5.6%) | 0.69 | 1,882 |
| 2020-03-01 | $213,750 (0.8%) | $298,141 (8.5%) | 0.67 | 1,885 |
| 2020-04-01 | $217,750 (1.3%) | $300,192 (7.9%) | 0.68 | 1,801 |
| 2020-05-01 | $220,000 (0.9%) | $307,356 (8.8%) | 0.67 | 1,738 |
| 2020-06-01 | $219,250 (-0.1%) | $312,262 (9.8%) | 0.65 | 1,618 |
| 2020-07-01 | $226,250 (2.9%) | $316,447 (9.5%) | 0.66 | 1,507 |
| 2020-08-01 | $234,000 (6.5%) | $321,871 (11.3%) | 0.67 | 1,449 |
| 2020-09-01 | $234,863 (7.1%) | $326,834 (12.8%) | 0.67 | 1,319 |
| 2020-10-01 | $229,835 (5.0%) | $331,236 (14.0%) | 0.66 | 1,245 |
| 2020-11-01 | $230,750 (7.4%) | $335,088 (16.9%) | 0.67 | 1,138 |
| 2020-12-01 | $227,000 (7.6%) | $335,192 (19.5%) | 0.68 | 1,094 |
| 2021-01-01 | $227,520 (8.3%) | $338,888 (20.2%) | 0.68 | 996 |
| 2021-02-01 | $235,000 (11.9%) | $339,304 (18.5%) | 0.68 | 930 |
| 2021-03-01 | $239,950 (12.3%) | $353,111 (18.4%) | 0.68 | 853 |
| 2021-04-01 | $248,905 (14.3%) | $372,194 (24.0%) | 0.67 | 778 |
| 2021-05-01 | $275,000 (25.0%) | $392,155 (27.6%) | 0.73 | 730 |
| 2021-06-01 | $276,250 (26.0%) | $403,675 (29.3%) | 0.73 | 726 |
| 2021-07-01 | $269,250 (19.0%) | $408,165 (29.0%) | 0.71 | 770 |
| 2021-08-01 | $269,500 (15.2%) | $410,440 (27.5%) | 0.72 | 789 |
| 2021-09-01 | $274,200 (16.8%) | $412,851 (26.3%) | 0.73 | 790 |
| 2021-10-01 | $274,900 (19.6%) | $389,720 (17.7%) | 0.73 | 791 |
| 2021-11-01 | $269,000 (16.6%) | $384,471 (14.7%) | 0.72 | 788 |
| 2021-12-01 | $269,000 (18.5%) | $378,473 (12.9%) | 0.73 | 755 |
| 2022-01-01 | $269,000 (18.2%) | $381,448 (12.6%) | 0.73 | 694 |
| 2022-02-01 | $272,290 (15.9%) | $385,451 (13.6%) | 0.71 | 654 |
| 2022-03-01 | $286,000 (19.2%) | $396,601 (12.3%) | 0.72 | 631 |
| 2022-04-01 | $299,950 (20.5%) | $407,443 (9.5%) | 0.72 | 618 |
| 2022-05-01 | $296,200 (7.7%) | $408,340 (4.1%) | 0.68 | 656 |
| 2022-06-01 | $296,800 (7.4%) | $399,391 (-1.1%) | 0.66 | 744 |
| 2022-07-01 | $292,500 (8.6%) | $385,615 (-5.5%) | 0.66 | 864 |
| 2022-08-01 | $287,000 (6.5%) | $372,326 (-9.3%) | 0.66 | 908 |
| 2022-09-01 | $287,975 (5.0%) | $374,247 (-9.4%) | 0.67 | 949 |
| 2022-10-01 | $280,000 (1.9%) | $373,132 (-4.3%) | 0.66 | 964 |
| 2022-11-01 | $275,000 (2.2%) | $359,756 (-6.4%) | 0.66 | 1,009 |
| 2022-12-01 | $276,250 (2.7%) | $360,461 (-4.8%) | 0.68 | 966 |
| 2023-01-01 | $287,450 (6.9%) | $366,587 (-3.9%) | 0.71 | 944 |
| 2023-02-01 | $276,700 (1.6%) | $363,015 (-5.8%) | 0.67 | 939 |
| 2023-03-01 | $283,756 (-0.8%) | $368,143 (-7.2%) | 0.67 | 963 |
| 2023-04-01 | $269,900 (-10.0%) | $363,354 (-10.8%) | 0.63 | 992 |
| 2023-05-01 | $269,950 (-8.9%) | $364,358 (-10.8%) | 0.61 | 1,022 |
| 2023-06-01 | $269,450 (-9.2%) | $362,171 (-9.3%) | 0.61 | 1,063 |
| 2023-07-01 | $265,000 (-9.4%) | $350,270 (-9.2%) | 0.60 | 1,157 |
| 2023-08-01 | $265,000 (-7.7%) | $346,534 (-6.9%) | 0.61 | 1,163 |
| 2023-09-01 | $264,900 (-8.0%) | $344,934 (-7.8%) | 0.62 | 1,180 |
| 2023-10-01 | $262,450 (-6.3%) | $338,927 (-9.2%) | 0.62 | 1,205 |
| 2023-11-01 | $264,200 (-3.9%) | $338,659 (-5.9%) | 0.63 | 1,248 |
| 2023-12-01 | $262,000 (-5.2%) | $342,335 (-5.0%) | 0.64 | 1,272 |
| 2024-01-01 | $260,000 (-9.6%) | $344,379 (-6.1%) | 0.63 | 1,209 |
| 2024-02-01 | $260,000 (-6.0%) | $346,452 (-4.6%) | 0.63 | 1,183 |
| 2024-03-01 | $259,250 (-8.6%) | $349,307 (-5.1%) | 0.61 | 1,219 |
LAFAYETTE's median listing price for 2024-03-01 was $259,250, a difference of
$-24,506
(-8.6%) versus the prior year and
$-750 versus the prior month.
LAFAYETTE's median listing price comes in at 61% of the national average.
LAFAYETTE's average listing price for 2024-03-01 was $349,307, a difference of $-18,836 (-5.1%) versus the prior year and $2,855 versus the prior month.
For the 2024-03-01 period, LAFAYETTE had 1,219 MLS listings, a difference of 36 listings (3%) versus the prior month and 256 listings (27%) versus the prior year.
LAFAYETTE's median listing price comes in at 61% of the national average.
LAFAYETTE's average listing price for 2024-03-01 was $349,307, a difference of $-18,836 (-5.1%) versus the prior year and $2,855 versus the prior month.
For the 2024-03-01 period, LAFAYETTE had 1,219 MLS listings, a difference of 36 listings (3%) versus the prior month and 256 listings (27%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - LAFAYETTE (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 100 days | 1,858 sqft |
| 2018-02-01 | 97 days | 1,863 sqft |
| 2018-03-01 | 74 days | 1,863 sqft |
| 2018-04-01 | 73 days | 1,885 sqft |
| 2018-05-01 | 70 days | 1,886 sqft |
| 2018-06-01 | 73 days | 1,890 sqft |
| 2018-07-01 | 79 days | 1,884 sqft |
| 2018-08-01 | 86 days | 1,885 sqft |
| 2018-09-01 | 88 days | 1,891 sqft |
| 2018-10-01 | 93 days | 1,878 sqft |
| 2018-11-01 | 95 days | 1,880 sqft |
| 2018-12-01 | 100 days | 1,875 sqft |
| 2019-01-01 | 108 days | 1,888 sqft |
| 2019-02-01 | 109 days | 1,901 sqft |
| 2019-03-01 | 98 days | 1,906 sqft |
| 2019-04-01 | 86 days | 1,913 sqft |
| 2019-05-01 | 83 days | 1,927 sqft |
| 2019-06-01 | 82 days | 1,930 sqft |
| 2019-07-01 | 86 days | 1,945 sqft |
| 2019-08-01 | 87 days | 1,937 sqft |
| 2019-09-01 | 86 days | 1,924 sqft |
| 2019-10-01 | 87 days | 1,915 sqft |
| 2019-11-01 | 87 days | 1,906 sqft |
| 2019-12-01 | 92 days | 1,900 sqft |
| 2020-01-01 | 94 days | 1,900 sqft |
| 2020-02-01 | 88 days | 1,896 sqft |
| 2020-03-01 | 73 days | 1,919 sqft |
| 2020-04-01 | 81 days | 1,925 sqft |
| 2020-05-01 | 88 days | 1,925 sqft |
| 2020-06-01 | 96 days | 1,925 sqft |
| 2020-07-01 | 82 days | 1,968 sqft |
| 2020-08-01 | 73 days | 2,000 sqft |
| 2020-09-01 | 73 days | 1,985 sqft |
| 2020-10-01 | 78 days | 1,959 sqft |
| 2020-11-01 | 78 days | 2,000 sqft |
| 2020-12-01 | 80 days | 2,002 sqft |
| 2021-01-01 | 79 days | 2,000 sqft |
| 2021-02-01 | 71 days | 1,993 sqft |
| 2021-03-01 | 59 days | 1,998 sqft |
| 2021-04-01 | 54 days | 2,012 sqft |
| 2021-05-01 | 51 days | 2,121 sqft |
| 2021-06-01 | 46 days | 2,113 sqft |
| 2021-07-01 | 47 days | 2,060 sqft |
| 2021-08-01 | 55 days | 2,044 sqft |
| 2021-09-01 | 60 days | 2,051 sqft |
| 2021-10-01 | 60 days | 1,990 sqft |
| 2021-11-01 | 60 days | 1,967 sqft |
| 2021-12-01 | 63 days | 1,984 sqft |
| 2022-01-01 | 71 days | 1,956 sqft |
| 2022-02-01 | 65 days | 1,958 sqft |
| 2022-03-01 | 59 days | 2,073 sqft |
| 2022-04-01 | 53 days | 2,129 sqft |
| 2022-05-01 | 52 days | 2,097 sqft |
| 2022-06-01 | 48 days | 2,000 sqft |
| 2022-07-01 | 47 days | 2,000 sqft |
| 2022-08-01 | 55 days | 1,992 sqft |
| 2022-09-01 | 61 days | 2,000 sqft |
| 2022-10-01 | 70 days | 1,964 sqft |
| 2022-11-01 | 75 days | 1,955 sqft |
| 2022-12-01 | 85 days | 1,938 sqft |
| 2023-01-01 | 91 days | 1,955 sqft |
| 2023-02-01 | 87 days | 1,934 sqft |
| 2023-03-01 | 66 days | 1,948 sqft |
| 2023-04-01 | 59 days | 1,900 sqft |
| 2023-05-01 | 61 days | 1,905 sqft |
| 2023-06-01 | 65 days | 1,900 sqft |
| 2023-07-01 | 67 days | 1,883 sqft |
| 2023-08-01 | 71 days | 1,878 sqft |
| 2023-09-01 | 71 days | 1,877 sqft |
| 2023-10-01 | 72 days | 1,879 sqft |
| 2023-11-01 | 69 days | 1,860 sqft |
| 2023-12-01 | 75 days | 1,861 sqft |
| 2024-01-01 | 86 days | 1,855 sqft |
| 2024-02-01 | 90 days | 1,858 sqft |
| 2024-03-01 | 69 days | 1,851 sqft |
LAFAYETTE's median listing age (time on market) for 2024-03-01 was 69 days.
This
is 5%
longer
than the same period one year ago.
LAFAYETTE's median square footage for active listings during the 2024-03-01 period was 1,851 sqft. One year prior, the average listing was 1,948 sqft.
LAFAYETTE's median square footage for active listings during the 2024-03-01 period was 1,851 sqft. One year prior, the average listing was 1,948 sqft.
LAFAYETTE, LA Average Rent (2023)
Zoom/scroll map to see average rent by zip code. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results.
| Zip Code | Metro | Studio Apartment Rent | 1BR Apartment Rent | 2BR Apartment Rent | 3BR Apartment Rent | 4BR Apartment Rent |
|---|---|---|---|---|---|---|
| 70339 | Lafayette, LA HUD Metro FMR Area | $640 | $710 | $810 | $1,090 | $1,260 |
| 70380 | Lafayette, LA HUD Metro FMR Area | $680 | $770 | $870 | $1,180 | $1,450 |
| 70392 | Lafayette, LA HUD Metro FMR Area | $600 | $800 | $900 | $1,180 | $1,530 |
| 70501 | Lafayette, LA HUD Metro FMR Area | $620 | $810 | $920 | $1,210 | $1,560 |
| 70502 | Lafayette, LA HUD Metro FMR Area | $670 | $890 | $1,000 | $1,310 | $1,700 |
| 70503 | Lafayette, LA HUD Metro FMR Area | $780 | $1,030 | $1,160 | $1,520 | $1,970 |
| 70504 | Lafayette, LA HUD Metro FMR Area | $670 | $890 | $1,000 | $1,310 | $1,700 |
| 70505 | Lafayette, LA HUD Metro FMR Area | $670 | $890 | $1,000 | $1,310 | $1,700 |
| 70506 | Lafayette, LA HUD Metro FMR Area | $680 | $900 | $1,020 | $1,340 | $1,730 |
| 70507 | Lafayette, LA HUD Metro FMR Area | $630 | $830 | $940 | $1,230 | $1,600 |
| 70508 | Lafayette, LA HUD Metro FMR Area | $770 | $1,020 | $1,150 | $1,510 | $1,950 |
| 70509 | Lafayette, LA HUD Metro FMR Area | $670 | $890 | $1,000 | $1,310 | $1,700 |
| 70512 | Lafayette, LA HUD Metro FMR Area | $560 | $740 | $840 | $1,100 | $1,430 |
| 70517 | Lafayette, LA HUD Metro FMR Area | $600 | $790 | $890 | $1,170 | $1,510 |
| 70518 | Lafayette, LA HUD Metro FMR Area | $760 | $980 | $1,120 | $1,470 | $1,890 |
| 70519 | Lafayette, LA HUD Metro FMR Area | $590 | $720 | $850 | $1,110 | $1,410 |
| 70520 | Lafayette, LA HUD Metro FMR Area | $580 | $770 | $870 | $1,140 | $1,480 |
| 70521 | Lafayette, LA HUD Metro FMR Area | $550 | $710 | $810 | $1,090 | $1,320 |
| 70525 | Lafayette, LA HUD Metro FMR Area | $550 | $710 | $810 | $1,090 | $1,250 |
| 70529 | Lafayette, LA HUD Metro FMR Area | $550 | $720 | $820 | $1,090 | $1,380 |
| 70555 | Lafayette, LA HUD Metro FMR Area | $680 | $850 | $960 | $1,230 | $1,310 |
| 70558 | Lafayette, LA HUD Metro FMR Area | $750 | $980 | $1,100 | $1,440 | $1,750 |
| 70560 | Lafayette, LA HUD Metro FMR Area | $700 | $710 | $930 | $1,180 | $1,450 |
| 70563 | Lafayette, LA HUD Metro FMR Area | $810 | $810 | $1,070 | $1,360 | $1,670 |
| 70578 | Lafayette, LA HUD Metro FMR Area | $550 | $710 | $810 | $1,090 | $1,250 |
| 70582 | Lafayette, LA HUD Metro FMR Area | $560 | $710 | $810 | $1,090 | $1,250 |
| 70583 | Lafayette, LA HUD Metro FMR Area | $590 | $760 | $880 | $1,150 | $1,460 |
| 70592 | Lafayette, LA HUD Metro FMR Area | $850 | $1,120 | $1,270 | $1,660 | $2,110 |
| 70596 | Lafayette, LA HUD Metro FMR Area | $670 | $890 | $1,000 | $1,310 | $1,700 |
| 70598 | Lafayette, LA HUD Metro FMR Area | $670 | $890 | $1,000 | $1,310 | $1,700 |
| 70757 | Lafayette, LA HUD Metro FMR Area | $740 | $760 | $860 | $1,150 | $1,410 |
2022 Average & Median Rent Data Statistics
LAFAYETTE, LA average 1BR rent: $831, median: $810
LAFAYETTE, LA average 2BR rent: $951, median: $930
LAFAYETTE, LA average 3BR rent: $1,249, median: $1,210
LAFAYETTE, LA Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 4,753 | $1,074,635,000 | $226,096 |
| Refi | 986 | $193,690,000 | $196,440 |
| Cash Out Refi | 511 | $102,525,000 | $200,636 |
| Other | 315 | $31,355,000 | $99,540 |
| Home Improvement | 254 | $20,870,000 | $82,165 |
Lafayette's most frequently cited loan purpose was Home Purchase, with 4,753 originations. The 2nd most popular reason was Refi, with 986 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 1,994 | $449,030,000 | $225,191 |
| 7-8% | 1,300 | $284,950,000 | $219,192 |
| 5-6% | 1,035 | $295,015,000 | $285,039 |
| Over 8% | 876 | $119,460,000 | $136,370 |
| 4-5% | 224 | $45,920,000 | $205,000 |
| 2.5-3% | 61 | $8,425,000 | $138,115 |
| 3-4% | 16 | $2,200,000 | $137,500 |
| <2.5% | 9 | $515,000 | $57,222 |
During 2023, Lafayette's most frequently originated rate bucket was 6-7%, with 1,994 originations.
Loan Sizing (LAFAYETTE, LA MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 2,408 | $634,560,000 | $263,522 |
| $100k-200k | 2,262 | $338,040,000 | $149,443 |
| $100,000 or less | 1,689 | $97,605,000 | $57,789 |
| $400k-600k | 299 | $141,445,000 | $473,060 |
| $600k-1000k | 117 | $83,835,000 | $716,538 |
| $Over $1MM | 44 | $127,590,000 | $2,899,773 |
LAFAYETTE's loan sizing saw the bucket of loans from $200k-400k with 2,408 originations, totaling $634,560,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 3,281 | $749,595,000 | $228,465 |
| 60-80% | 1,024 | $266,070,000 | $259,834 |
| 40-60% | 398 | $104,130,000 | $261,633 |
| 20-40% | 354 | $38,250,000 | $108,051 |
| Under 20% | 281 | $13,725,000 | $48,843 |
| Over 100% | 127 | $28,485,000 | $224,291 |
LAFAYETTE's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 3,281 originations, totaling $749,595,000 in origination value.