Bogalusa Mortgage Rates & Closing Costs

30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

30 Year Fixed Rate mortgages in Bogalusa averaged 6.9% for the week of 2024-02-22, compared to the national average of 6.9% for the same period.

The average rate for the prior week (2024-02-15) was 6.97% and one month ago for the week of 2024-01-18, the average rate was 6.5%.

Bogalusa's average rate one year ago was 6.55%.

For refis of the same type during the week of 2024-02-22, the average rate was 7.1%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-02-22 6.9%
Bogalusa 30 Year Fixed Rate 2024-02-22 6.9%
Bogalusa 30 Year Fixed Rate Refi 2024-02-22 7.1%
Bogalusa 15 Year Fixed Rate 2024-02-22 6.19%
Bogalusa 15 Year Fixed Rate Refi 2024-02-22 6.19%
Bogalusa 30 Year FHA 2024-02-22 -0.52%
Bogalusa 30 Year FHA Refi 2024-02-22 0.1%
Bogalusa 30 Year USDA 2024-02-22 0%
Bogalusa 30 Year USDA Refi 2024-02-22 -0.1%
Bogalusa 30 Year VA 2024-02-22 -0.2%
Bogalusa 30 Year VA Refi 2024-02-22 -0.2%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Bogalusa, LA.

Bogalusa 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 Bogalusa, 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.).

Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
QUICKEN LOANS, LLC 18 5.24% $5,628
GMFS LLC 14 5.12% $4,658
UNITED WHOLESALE MORTGAGE, LLC 6 4.76% $6,797
EUSTIS AND AMERICAN MORTGAGE COMPANY 4 5.28% $10,313
CRESCENT MORTGAGE COMPANY 4 3.97% $3,313
JPMorgan Chase Bank 3 5.37% $3,080
LHM FINANCIAL CORPORATION 3 4.92% $5,264
LOANDEPOT.COM, LLC 3 4.42% $4,696
Gulf Coast Bank and Trust Company 3 5.38% $4,732
DRAPER AND KRAMER MORTGAGE CORP. 2 5.38% $3,747
CALIBER HOME LOANS, INC. 2 4.79% $6,778
CARDINAL FINANCIAL 2 5.38% $3,269
Hancock Whitney Bank 2 3.75% $5,488
PENNYMAC LOAN SERVICES, LLC 2 4.94% $3,955
HOMESIDE FINANCIAL, LLC 2 3.69% $7,208
VANDERBILT MORTGAGE AND FINANCE, INC. 2 6.99% $8,058
Regions Bank 2 5.81% $3,862
USAA Federal Savings Bank 1 5.00% $3,211
ANGEL OAK HOME LOANS LLC 1 3.50% $2,876
Wells Fargo Bank 1 4.38% $4,948
CHEVRON 1 7.38% $10,395
Citizens Bank 1 3.38% $3,656
FIDELITY BANK 1 5.00% $5,088
Flagstar Bank, FSB 1 4.63% $3,726
FREEDOM MORTGAGE CORPORATION 1 4.25% $11,304
Gateway First Bank 1 3.50% $4,156
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 4.88% $4,387
GUARANTEED RATE AFFINITY, LLC 1 6.63% $3,223
KELLER MORTGAGE, LLC 1 6.00% $5,280
MOVEMENT MORTGAGE, LLC 1 3.88% $3,867
PLANET HOME LENDING, LLC 1 4.13% $3,749
RESIDENTIAL BANCORP 1 9.00% $9,323
ROYAL UNITED MORTGAGE LLC 1 5.25% $8,387
STANDARD MORTGAGE CORPORATION 1 3.63% $4,342
SWBC MORTGAGE CORPORATION 1 3.50% $3,854
THE NEW ORLEANS FIREMEN'S FEDERAL CREDIT UNION 1 7.75% $5,117

Bogalusa Average Closing Costs & Other Stats

Bogalusa, LA's 36 lenders originated 578 loans during 2022. The total origination value was $84,570,000, with an average loan value of $146,315.

Bogalusa's average closing costs are $5,013.

The top Bogalusa lender as defined by loan originations is QUICKEN LOANS, LLC, with 18 loans originated. Their average total fees are $5,628, which is $970 higher than the next largest lender, GMFS LLC.

The lowest fee Bogalusa lenders (with over 10 loans originated) are GMFS LLC ($4,658), QUICKEN LOANS, LLC ($5,628), .

The lowest rate Bogalusa lenders (with over 10 loans originated) are GMFS LLC (5.12%), QUICKEN LOANS, LLC (5.24%), .

Bogalusa, 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 2021 Loan Value 2022 Loan Value % Change 2022 Market Share
Citizens Savings Bank $20,215,000 $21,190,000 4.8% 25.1%
GMFS LLC $11,940,000 $5,710,000 -52.2% 6.8%
QUICKEN LOANS, LLC $15,450,000 $4,605,000 -70.2% 5.4%
Hancock Whitney Bank $4,540,000 $4,010,000 -11.7% 4.7%
UNITED WHOLESALE MORTGAGE, LLC $315,000 $2,890,000 817.5% 3.4%
CALIBER HOME LOANS, INC. $5,680,000 $2,560,000 -54.9% 3.0%
Gulf Coast Bank and Trust Company $2,365,000 $2,000,000 -15.4% 2.4%
VANDERBILT MORTGAGE AND FINANCE, INC. $1,800,000 $1,895,000 5.3% 2.2%
FREEDOM MORTGAGE CORPORATION $3,495,000 $1,885,000 -46.1% 2.2%
LHM FINANCIAL CORPORATION $2,185,000 $1,825,000 -16.5% 2.2%
MOVEMENT MORTGAGE, LLC $1,305,000 $1,740,000 33.3% 2.1%
EUSTIS AND AMERICAN MORTGAGE COMPANY $770,000 $1,645,000 113.6% 1.9%
CRESCENT MORTGAGE COMPANY $2,490,000 $1,545,000 -38.0% 1.8%
DRAPER AND KRAMER MORTGAGE CORP. $175,000 $1,435,000 720.0% 1.7%
LOANDEPOT.COM, LLC $1,690,000 $1,220,000 -27.8% 1.4%
CROSSCOUNTRY MORTGAGE, LLC $1,560,000 $1,185,000 -24.0% 1.4%
MID AMERICA MORTGAGE, INC. $2,590,000 $1,185,000 -54.2% 1.4%
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $1,140,000 $1,175,000 3.1% 1.4%
Mr. Cooper ( Nationstar Mortgage ) $1,075,000 $1,100,000 2.3% 1.3%
21ST MORTGAGE CORPORATION $1,855,000 $1,035,000 -44.2% 1.2%
PENNYMAC LOAN SERVICES, LLC $1,100,000 $945,000 -14.1% 1.1%
Mortgage Research Center, LLC $2,405,000 $880,000 -63.4% 1.0%
Assurance Financial Group, L.L.C. $360,000 $780,000 116.7% 0.9%
TRIAD FINANCIAL SERVICES, INC. $460,000 $765,000 66.3% 0.9%
Citizens Bank $90,000 $655,000 627.8% 0.8%
Gateway First Bank $425,000 $645,000 51.8% 0.8%
Red River Bank $615,000 n/a 0.7%
UNION HOME MORTGAGE CORP. $275,000 $605,000 120.0% 0.7%
FIDELITY BANK $1,180,000 $585,000 -50.4% 0.7%
CREDIT HUMAN FEDERAL CREDIT UNION $575,000 n/a 0.7%
Wells Fargo Bank $1,235,000 $570,000 -53.8% 0.7%
HOMESIDE FINANCIAL, LLC $375,000 $565,000 50.7% 0.7%
Resource Bank $495,000 $545,000 10.1% 0.6%
Regions Bank $1,695,000 $540,000 -68.1% 0.6%
JPMorgan Chase Bank $1,445,000 $530,000 -63.3% 0.6%
Citizens Bank $90,000 $485,000 438.9% 0.6%
First Guaranty Bank $420,000 $445,000 6.0% 0.5%
NEW DAY FINANCIAL, LLC $445,000 n/a 0.5%
First Horizon Bank $745,000 $440,000 -40.9% 0.5%
Heritage Bank of St Tammany $210,000 $430,000 104.8% 0.5%
SWBC MORTGAGE CORPORATION $165,000 $420,000 154.5% 0.5%
The First, A National Banking Association $590,000 $415,000 -29.7% 0.5%
NEWREZ LLC $730,000 $410,000 -43.8% 0.5%
STANDARD MORTGAGE CORPORATION $1,395,000 $405,000 -71.0% 0.5%
United Community Bank $375,000 n/a 0.4%
AMERICAN FINANCIAL RESOURCES, INC. $350,000 n/a 0.4%
Equity Prime Mortgage LLC $340,000 n/a 0.4%
PRIMELENDING, A PLAINSCAPITAL COMPANY $335,000 $325,000 -3.0% 0.4%
RESIDENTIAL BANCORP. $155,000 $325,000 109.7% 0.4%
AMERISAVE MORTGAGE CORPORATION $1,115,000 $310,000 -72.2% 0.4%
CHEVRON $305,000 n/a 0.4%
Evolve Bank & Trust $305,000 n/a 0.4%
Carrington Mortgage Services, LLC $740,000 $300,000 -59.5% 0.4%
Bank of England $145,000 $285,000 96.6% 0.3%
SOUTHWEST STAGE FUNDING, LLC $890,000 $280,000 -68.5% 0.3%
ANGEL OAK HOME LOANS LLC $565,000 $270,000 -52.2% 0.3%
Flagstar Bank, FSB $260,000 n/a 0.3%
ROYAL UNITED MORTGAGE LLC $445,000 $260,000 -41.6% 0.3%
USAA Federal Savings Bank $215,000 $260,000 20.9% 0.3%
GUARANTEED RATE AFFINITY, LLC $255,000 n/a 0.3%
Low VA Rates, LLC $350,000 $255,000 -27.1% 0.3%
THE NEW ORLEANS FIREMEN'S FEDERAL CREDIT UNION $90,000 $250,000 177.8% 0.3%
CSL Financial, LLC $215,000 $245,000 14.0% 0.3%
AMERICAN FINANCING CORPORATION $235,000 n/a 0.3%
EMBRACE HOME LOANS, INC. $235,000 n/a 0.3%
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION $225,000 n/a 0.3%
Magnolia Bank $225,000 n/a 0.3%
MUTUAL OF OMAHA MORTGAGE, INC. $225,000 n/a 0.3%
CMG MORTGAGE, INC. $60,000 $205,000 241.7% 0.2%
AMCAP MORTGAGE, LTD. $185,000 n/a 0.2%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $780,000 $165,000 -78.8% 0.2%
MORTGAGE FINANCIAL SERVICES, LLC $145,000 $165,000 13.8% 0.2%
KELLER MORTGAGE, LLC $155,000 n/a 0.2%
HOME POINT FINANCIAL CORPORATION $630,000 $145,000 -77.0% 0.2%
PLANET HOME LENDING, LLC $145,000 n/a 0.2%
THE MORTGAGE FIRM, INC. $145,000 n/a 0.2%
Plains Commerce Bank $545,000 $135,000 -75.2% 0.2%
GUARANTEED RATE, INC. $105,000 n/a 0.1%
LIMA ONE CAPITAL, LLC $105,000 n/a 0.1%
M&T Bank $55,000 $95,000 72.7% 0.1%
Discover Bank $75,000 $85,000 13.3% 0.1%
OCMBC, INC. $85,000 n/a 0.1%
VILLAGE CAPITAL MORTGAGE $180,000 $85,000 -52.8% 0.1%
RELIANCE FIRST CAPITAL, LLC $75,000 n/a 0.1%
Bank of America $65,000 $65,000 0.0% 0.1%
Onpath Federal Credit Union $65,000 n/a 0.1%
EFCU FINANCIAL $45,000 n/a 0.1%
KEESLER $775,000 $35,000 -95.5% 0.0%
Pelican State Credit Union $375,000 $35,000 -90.7% 0.0%
Figure Lending LLC $90,000 $15,000 -83.3% 0.0%

Bogalusa's top lender by overall market share is Citizens Savings Bank, with 25.1% market share. In second place, with 6.8%, is GMFS LLC, having originated $5,710,000 in loans. In third place, with 5.4%, is QUICKEN LOANS, LLC, having originated $4,605,000 in loans. In fourth place, with 4.7%, is Hancock Whitney Bank, having originated $4,010,000 in loans. In fifth place, with 3.4%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $2,890,000 in loans.


Bogalusa Housing Market Trends (Median, Average Prices & Listing Count)

Realtor.com - Bogalusa (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 $151,905 (-1.2%) $246,158 (4.7%) 0.00 122
2018-02-01 $149,835 (5.0%) $251,345 (11.0%) 0.00 113
2018-03-01 $149,900 (7.1%) $249,910 (10.1%) 0.00 119
2018-04-01 $152,825 (17.6%) $248,889 (8.7%) 0.00 123
2018-05-01 $154,665 (10.5%) $248,325 (2.1%) 0.00 128
2018-06-01 $162,450 (8.3%) $249,617 (-2.0%) 0.00 123
2018-07-01 $162,500 (9.1%) $252,208 (5.0%) 0.00 124
2018-08-01 $169,900 (17.3%) $254,821 (9.1%) 0.00 117
2018-09-01 $165,000 (11.9%) $228,149 (-3.6%) 0.00 121
2018-10-01 $160,315 (9.1%) $318,152 (36.8%) 0.00 120
2018-11-01 $160,858 (8.7%) $331,648 (38.4%) 0.00 118
2018-12-01 $149,900 (-1.4%) $343,483 (42.3%) 0.00 120
2019-01-01 $149,900 (-1.3%) $323,370 (31.4%) 0.00 128
2019-02-01 $149,900 (0.0%) $328,474 (30.7%) 0.00 127
2019-03-01 $158,471 (5.7%) $330,272 (32.2%) 0.00 121
2019-04-01 $166,021 (8.6%) $323,000 (29.8%) 0.00 120
2019-05-01 $159,225 (3.0%) $302,529 (21.8%) 0.00 124
2019-06-01 $162,500 (0.0%) $311,362 (24.7%) 0.00 123
2019-07-01 $168,150 (3.5%) $322,426 (27.8%) 0.00 116
2019-08-01 $168,277 (-1.0%) $319,152 (25.3%) 0.00 119
2019-09-01 $168,467 (2.1%) $317,731 (39.3%) 0.00 124
2019-10-01 $164,286 (2.5%) $292,712 (-8.0%) 0.00 128
2019-11-01 $164,300 (2.1%) $228,747 (-31.0%) 0.00 116
2019-12-01 $160,000 (6.7%) $233,126 (-32.1%) 0.00 107
2020-01-01 $158,750 (5.9%) $241,398 (-25.4%) 0.00 93
2020-02-01 $160,000 (6.7%) $243,824 (-25.8%) 0.00 95
2020-03-01 $172,697 (9.0%) $237,894 (-28.0%) 0.00 111
2020-04-01 $167,798 (1.1%) $235,228 (-27.2%) 0.00 111
2020-05-01 $162,076 (1.8%) $228,166 (-24.6%) 0.00 104
2020-06-01 $165,000 (1.5%) $235,780 (-24.3%) 0.00 94
2020-07-01 $175,825 (4.6%) $245,850 (-23.8%) 0.00 84
2020-08-01 $176,453 (4.9%) $241,656 (-24.3%) 0.00 83
2020-09-01 $175,000 (3.9%) $244,145 (-23.2%) 0.00 73
2020-10-01 $174,000 (5.9%) $252,434 (-13.8%) 0.00 65
2020-11-01 $193,500 (17.8%) $262,888 (14.9%) 0.00 56
2020-12-01 $171,500 (7.2%) $232,239 (-0.4%) 0.00 63
2021-01-01 $150,000 (-5.5%) $210,275 (-12.9%) 0.00 58
2021-02-01 $143,500 (-10.3%) $201,768 (-17.3%) 0.00 54
2021-03-01 $162,500 (-5.9%) $247,751 (4.1%) 0.00 43
2021-04-01 $159,250 (-5.1%) $230,746 (-1.9%) 0.00 38
2021-05-01 $180,000 (11.1%) $240,372 (5.4%) 0.00 42
2021-06-01 $180,000 (9.1%) $222,129 (-5.8%) 0.00 53
2021-07-01 $198,000 (12.6%) $326,270 (32.7%) 0.00 57
2021-08-01 $199,750 (13.2%) $343,399 (42.1%) 0.00 53
2021-09-01 $203,500 (16.3%) $351,082 (43.8%) 0.00 54
2021-10-01 $208,800 (20.0%) $357,500 (41.6%) 0.00 51
2021-11-01 $236,250 (22.1%) $271,681 (3.3%) 0.00 46
2021-12-01 $215,000 (25.4%) $235,252 (1.3%) 0.00 46
2022-01-01 $180,000 (20.0%) $228,714 (8.8%) 0.00 39
2022-02-01 $172,500 (20.2%) $223,511 (10.8%) 0.00 35
2022-03-01 $137,500 (-15.4%) $208,321 (-15.9%) 0.00 41
2022-04-01 $170,000 (6.8%) $211,114 (-8.5%) 0.00 42
2022-05-01 $215,000 (19.4%) $266,366 (10.8%) 0.00 46
2022-06-01 $194,625 (8.1%) $244,537 (10.1%) 0.00 57
2022-07-01 $198,750 (0.4%) $254,009 (-22.2%) 0.00 58
2022-08-01 $173,500 (-13.1%) $230,672 (-32.8%) 0.00 64
2022-09-01 $179,625 (-11.7%) $243,934 (-30.5%) 0.00 62
2022-10-01 $192,000 (-8.1%) $247,730 (-30.7%) 0.00 72
2022-11-01 $187,000 (-20.9%) $239,116 (-12.0%) 0.00 78
2022-12-01 $179,863 (-16.3%) $241,413 (2.6%) 0.00 73
2023-01-01 $199,875 (11.0%) $255,251 (11.6%) 0.00 64
2023-02-01 $216,876 (25.7%) $257,851 (15.4%) 0.00 61
2023-03-01 $222,500 (61.8%) $269,061 (29.2%) 0.00 62
2023-04-01 $207,450 (22.0%) $263,845 (25.0%) 0.00 61
2023-05-01 $199,900 (-7.0%) $258,553 (-2.9%) 0.00 61
2023-06-01 $233,750 (20.1%) $277,762 (13.6%) 0.00 65
2023-07-01 $210,000 (5.7%) $261,639 (3.0%) 0.00 82
2023-08-01 $204,750 (18.0%) $270,834 (17.4%) 0.00 87
2023-09-01 $230,000 (28.0%) $277,134 (13.6%) 0.00 84
2023-10-01 $227,250 (18.4%) $269,949 (9.0%) 0.00 86
2023-11-01 $200,500 (7.2%) $258,175 (8.0%) 0.00 88
2023-12-01 $199,000 (10.6%) $267,133 (10.7%) 0.00 89
Bogalusa's median listing price for 2023-12-01 was $199,000, a difference of $19,137 (10.6%) versus the prior year and $-1,500 versus the prior month.

Bogalusa's median listing price comes in at 0% of the national average.

Bogalusa's average listing price for 2023-12-01 was $267,133, a difference of $25,720 (10.7%) versus the prior year and $8,958 versus the prior month.

For the 2023-12-01 period, Bogalusa had 89 MLS listings, a difference of 1 listings (1%) versus the prior month and 16 listings (22%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Bogalusa (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,797 sqft
2018-02-01 0 days 1,794 sqft
2018-03-01 0 days 1,845 sqft
2018-04-01 0 days 1,855 sqft
2018-05-01 0 days 1,868 sqft
2018-06-01 0 days 1,966 sqft
2018-07-01 0 days 2,000 sqft
2018-08-01 0 days 1,927 sqft
2018-09-01 0 days 1,937 sqft
2018-10-01 0 days 1,990 sqft
2018-11-01 0 days 1,998 sqft
2018-12-01 0 days 1,853 sqft
2019-01-01 0 days 1,918 sqft
2019-02-01 0 days 1,983 sqft
2019-03-01 0 days 2,000 sqft
2019-04-01 0 days 2,000 sqft
2019-05-01 0 days 1,885 sqft
2019-06-01 0 days 1,944 sqft
2019-07-01 0 days 1,973 sqft
2019-08-01 0 days 1,931 sqft
2019-09-01 0 days 1,929 sqft
2019-10-01 0 days 1,927 sqft
2019-11-01 0 days 1,927 sqft
2019-12-01 0 days 1,923 sqft
2020-01-01 0 days 1,923 sqft
2020-02-01 0 days 1,929 sqft
2020-03-01 0 days 1,835 sqft
2020-04-01 0 days 1,826 sqft
2020-05-01 0 days 1,836 sqft
2020-06-01 0 days 1,851 sqft
2020-07-01 0 days 1,915 sqft
2020-08-01 0 days 1,915 sqft
2020-09-01 0 days 1,955 sqft
2020-10-01 0 days 2,009 sqft
2020-11-01 0 days 2,082 sqft
2020-12-01 0 days 1,968 sqft
2021-01-01 0 days 1,892 sqft
2021-02-01 0 days 1,885 sqft
2021-03-01 0 days 1,972 sqft
2021-04-01 0 days 1,701 sqft
2021-05-01 0 days 1,668 sqft
2021-06-01 0 days 1,615 sqft
2021-07-01 0 days 1,717 sqft
2021-08-01 0 days 1,836 sqft
2021-09-01 0 days 1,968 sqft
2021-10-01 0 days 1,847 sqft
2021-11-01 0 days 1,889 sqft
2021-12-01 0 days 1,717 sqft
2022-01-01 0 days 1,620 sqft
2022-02-01 0 days 1,597 sqft
2022-03-01 0 days 1,561 sqft
2022-04-01 0 days 1,785 sqft
2022-05-01 0 days 2,000 sqft
2022-06-01 0 days 1,904 sqft
2022-07-01 0 days 1,902 sqft
2022-08-01 0 days 1,799 sqft
2022-09-01 0 days 1,818 sqft
2022-10-01 0 days 1,800 sqft
2022-11-01 0 days 1,777 sqft
2022-12-01 0 days 1,646 sqft
2023-01-01 0 days 1,682 sqft
2023-02-01 0 days 1,773 sqft
2023-03-01 0 days 1,812 sqft
2023-04-01 0 days 1,834 sqft
2023-05-01 0 days 1,871 sqft
2023-06-01 0 days 1,931 sqft
2023-07-01 0 days 1,885 sqft
2023-08-01 0 days 1,882 sqft
2023-09-01 0 days 1,876 sqft
2023-10-01 0 days 1,933 sqft
2023-11-01 0 days 1,881 sqft
2023-12-01 0 days 1,850 sqft
Bogalusa's median listing age (time on market) for 2023-12-01 was 0 days.

Bogalusa's median square footage for active listings during the 2023-12-01 period was 1,850 sqft. One year prior, the average listing was 1,646 sqft.

Bogalusa, LA Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 318 $51,470,000 $161,855
Refi 141 $19,275,000 $136,702
Cash Out Refi 56 $8,890,000 $158,750
Home Improvement 33 $2,265,000 $68,636
Other 30 $2,670,000 $89,000

Bogalusa's most frequently cited loan purpose was Home Purchase, with 318 originations. The 2nd most popular reason was Refi, with 141 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
5-6% 83 $14,315,000 $172,470
4-5% 82 $15,330,000 $186,951
3-4% 77 $14,625,000 $189,935
6-7% 44 $6,870,000 $156,136
2.5-3% 30 $4,060,000 $135,333
Over 8% 26 $2,430,000 $93,462
7-8% 22 $3,250,000 $147,727
<2.5% 6 $970,000 $161,667

During 2022, Bogalusa's most frequently originated rate bucket was 5-6%, with 83 originations.

Loan Sizing (Bogalusa, LA MSA)

Loan Size Originations Total Value Average Loan
$100,000 or less 230 $13,280,000 $57,739
$100k-200k 210 $31,030,000 $147,762
$200k-400k 120 $31,820,000 $265,167
$400k-600k 16 $7,180,000 $448,750
$600k-1000k 2 $1,260,000 $630,000

Bogalusa's loan sizing saw the bucket of loans from $100,000 or less with 230 originations, totaling $13,280,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 203 $37,405,000 $184,261
60-80% 87 $14,545,000 $167,184
40-60% 27 $3,505,000 $129,815
20-40% 23 $2,055,000 $89,348
Over 100% 15 $2,795,000 $186,333
Under 20% 10 $880,000 $88,000

Bogalusa's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 203 originations, totaling $37,405,000 in origination value.