HAMMOND Mortgage Rates & Closing Costs
30yr Fixed Rate
15yr Fixed Rate
FHA
USDA
VA
5/1 ARM
30 Year Fixed Rate mortgages in Hammond averaged
6.9%
for the week of 2023-03-16, compared to the national average of
6.6% for the same period.
The average rate for the prior week (2023-03-09) was
7.13% and
one month ago for the week of 2023-02-09, the
average rate was 6.52%.
Hammond's average rate one year ago was 4.15%.
For refis of the same type during the week of 2023-03-16, the average rate
was 6.46%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2023-03-16 | 6.6% |
| Hammond 30 Year Fixed Rate | 2023-03-16 | 6.9% |
| Hammond 30 Year Fixed Rate Refi | 2023-03-16 | 6.46% |
| Hammond 15 Year Fixed Rate | 2023-03-16 | 6.79% |
| Hammond 15 Year Fixed Rate Refi | 2023-03-16 | 6.22% |
| Hammond 30 Year FHA | 2023-03-16 | 6.58% |
| Hammond 30 Year FHA Refi | 2023-03-16 | 6.44% |
| Hammond 30 Year USDA | 2023-03-16 | 6.36% |
| Hammond 30 Year USDA Refi | 2023-03-16 | 6.44% |
| Hammond 30 Year VA | 2023-03-16 | 6.3% |
| Hammond 30 Year VA Refi | 2023-03-16 | 5.83% |
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within HAMMOND, LA.
HAMMOND 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 HAMMOND, 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.).
HAMMOND Average Closing Costs & Other Stats
HAMMOND, LA's 119 lenders originated 4,532
loans during 2021. The total origination value was $902,680,000, with an average loan value of
$199,179.
HAMMOND's average closing costs are $4,880.
The top HAMMOND lender as defined by loan originations is GMFS LLC, with
188 loans originated. Their average total fees are
$3,848, which is $1,025
lower than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee HAMMOND lenders (with over 10 loans originated) are
DSLD MORTGAGE, LLC ($739), Wells Fargo Bank ($2,443), JPMorgan Chase Bank ($2,524), FREEDOM MORTGAGE CORPORATION ($2,638) and INTERLINC MORTGAGE SERVICES, LLC ($3,058).
The lowest rate HAMMOND lenders (with over 10 loans originated) are
DHI MORTGAGE COMPANY, LTD. (2.97%), STANDARD MORTGAGE CORPORATION (2.99%), Gulf Coast Bank and Trust Company (2.99%), LOANDEPOT.COM, LLC (3.03%) and DSLD MORTGAGE, LLC (3.03%).
HAMMOND, 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 | 2020 Loan Value | 2021 Loan Value | % Change | 2021 Market Share |
|---|---|---|---|---|
| GMFS LLC | $82,095,000 | $91,340,000 | 11.3% | 10.1% |
| Gulf Coast Bank and Trust Company | $55,100,000 | $48,810,000 | -11.4% | 5.4% |
| QUICKEN LOANS, LLC | $45,570,000 | $47,725,000 | 4.7% | 5.3% |
| FREEDOM MORTGAGE CORPORATION | $53,075,000 | $46,270,000 | -12.8% | 5.1% |
| DHI MORTGAGE COMPANY, LTD. | $20,655,000 | $33,105,000 | 60.3% | 3.7% |
| DSLD MORTGAGE, LLC | $40,960,000 | $32,110,000 | -21.6% | 3.6% |
| CALIBER HOME LOANS, INC. | $20,510,000 | $29,345,000 | 43.1% | 3.3% |
| First Guaranty Bank | $24,015,000 | $26,615,000 | 10.8% | 2.9% |
| MOVEMENT MORTGAGE, LLC | $31,495,000 | $25,935,000 | -17.7% | 2.9% |
| Hancock Whitney Bank | $34,245,000 | $19,235,000 | -43.8% | 2.1% |
| FBT Mortgage, L.L.C. | $19,035,000 | $18,665,000 | -1.9% | 2.1% |
| Gateway First Bank | $21,400,000 | $18,545,000 | -13.3% | 2.1% |
| LOANDEPOT.COM, LLC | $11,350,000 | $17,285,000 | 52.3% | 1.9% |
| The First, A National Banking Association | $22,300,000 | $16,565,000 | -25.7% | 1.8% |
| UNITED WHOLESALE MORTGAGE, LLC | $6,265,000 | $16,100,000 | 157.0% | 1.8% |
| First American Bank and Trust | $11,270,000 | $15,355,000 | 36.2% | 1.7% |
| MID AMERICA MORTGAGE, INC. | $13,940,000 | $15,165,000 | 8.8% | 1.7% |
| PENNYMAC LOAN SERVICES, LLC | $4,930,000 | $12,750,000 | 158.6% | 1.4% |
| American Bank & Trust Company | $19,900,000 | $12,605,000 | -36.7% | 1.4% |
| FIDELITY BANK | $16,890,000 | $12,285,000 | -27.3% | 1.4% |
| CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $4,795,000 | $12,065,000 | 151.6% | 1.3% |
| Regions Bank | $10,840,000 | $11,475,000 | 5.9% | 1.3% |
| First Bank and Trust | $4,660,000 | $9,755,000 | 109.3% | 1.1% |
| Mr. Cooper ( Nationstar Mortgage ) | $6,140,000 | $9,665,000 | 57.4% | 1.1% |
| JPMorgan Chase Bank | $9,850,000 | $9,295,000 | -5.6% | 1.0% |
| CROSSCOUNTRY MORTGAGE, LLC | $6,230,000 | $9,155,000 | 47.0% | 1.0% |
| Mortgage Research Center, LLC | $8,485,000 | $9,135,000 | 7.7% | 1.0% |
| SUMMIT FUNDING, INC. | $7,090,000 | $9,045,000 | 27.6% | 1.0% |
| INTERLINC MORTGAGE SERVICES, LLC | $10,345,000 | $8,525,000 | -17.6% | 0.9% |
| Arbor Realty Trust, Inc. | $8,005,000 | n/a | 0.9% | |
| EUSTIS AND AMERICAN MORTGAGE COMPANY | $8,015,000 | $7,975,000 | -0.5% | 0.9% |
| 21ST MORTGAGE CORPORATION | $5,620,000 | $7,895,000 | 40.5% | 0.9% |
| NEWREZ LLC | $4,405,000 | $7,585,000 | 72.2% | 0.8% |
| AMERICAN FINANCIAL NETWORK, INC. | $5,620,000 | $7,485,000 | 33.2% | 0.8% |
| Assurance Financial Group, L.L.C. | $7,890,000 | $7,425,000 | -5.9% | 0.8% |
| STANDARD MORTGAGE CORPORATION | $8,420,000 | $7,335,000 | -12.9% | 0.8% |
| HOME POINT FINANCIAL CORPORATION | $6,240,000 | $6,495,000 | 4.1% | 0.7% |
| BankPlus | $495,000 | $6,330,000 | 1,178.8% | 0.7% |
| AMERISAVE MORTGAGE CORPORATION | $4,105,000 | $5,805,000 | 41.4% | 0.6% |
| Wells Fargo Bank | $5,560,000 | $5,645,000 | 1.5% | 0.6% |
| ANGEL OAK HOME LOANS LLC | $4,165,000 | $5,635,000 | 35.3% | 0.6% |
| LAKEVIEW LOAN SERVICING, LLC | $3,295,000 | $5,585,000 | 69.5% | 0.6% |
| LHM FINANCIAL CORPORATION | $3,895,000 | $5,515,000 | 41.6% | 0.6% |
| Goldwater Bank, N.A. | $7,235,000 | $5,450,000 | -24.7% | 0.6% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $5,715,000 | $5,365,000 | -6.1% | 0.6% |
| SOUTHWEST FUNDING, LP | $2,685,000 | $5,085,000 | 89.4% | 0.6% |
| Flagstar Bank, FSB | $5,320,000 | $4,695,000 | -11.7% | 0.5% |
| Citizens Bank | $420,000 | $3,910,000 | 831.0% | 0.4% |
| AMERICAN FINANCIAL RESOURCES, INC. | $3,570,000 | $3,130,000 | -12.3% | 0.3% |
| NEW DAY FINANCIAL, LLC | $2,530,000 | $3,120,000 | 23.3% | 0.3% |
| SECURITYNATIONAL MORTGAGE COMPANY | $1,375,000 | $3,050,000 | 121.8% | 0.3% |
| First Horizon Bank | $3,020,000 | n/a | 0.3% | |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $1,050,000 | $2,910,000 | 177.1% | 0.3% |
| United Community Bank | $490,000 | $2,755,000 | 462.2% | 0.3% |
| Investar Bank | $1,790,000 | $2,655,000 | 48.3% | 0.3% |
| NAVY FEDERAL CREDIT UNION | $2,905,000 | $2,585,000 | -11.0% | 0.3% |
| USAA Federal Savings Bank | $3,130,000 | $2,545,000 | -18.7% | 0.3% |
| Carrington Mortgage Services, LLC | $3,920,000 | $2,495,000 | -36.4% | 0.3% |
| MORTGAGE FINANCIAL SERVICES, LLC | $2,150,000 | $2,490,000 | 15.8% | 0.3% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $3,810,000 | $2,440,000 | -36.0% | 0.3% |
| LOUISIANA | $2,570,000 | $2,420,000 | -5.8% | 0.3% |
| Happy State Bank | $2,405,000 | n/a | 0.3% | |
| PLANET HOME LENDING, LLC | $2,425,000 | $2,370,000 | -2.3% | 0.3% |
| Home Bank | $2,850,000 | $2,305,000 | -19.1% | 0.3% |
| Nations Lending Corporation | $1,980,000 | $2,295,000 | 15.9% | 0.3% |
| VILLAGE CAPITAL & INVESTMENT LLC | $2,935,000 | $2,260,000 | -23.0% | 0.3% |
| BETTER MORTGAGE CORPORATION | $650,000 | $2,100,000 | 223.1% | 0.2% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $1,865,000 | $2,100,000 | 12.6% | 0.2% |
| Resource Bank | $1,235,000 | $1,960,000 | 58.7% | 0.2% |
| Red River Bank | $1,930,000 | $1,850,000 | -4.1% | 0.2% |
| M C Bank & Trust Company | $1,745,000 | n/a | 0.2% | |
| First Bank | $1,730,000 | n/a | 0.2% | |
| AmeriHome Mortgage Company, LLC | $1,060,000 | $1,690,000 | 59.4% | 0.2% |
| Citizens Savings Bank | $950,000 | $1,600,000 | 68.4% | 0.2% |
| GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION | $1,585,000 | n/a | 0.2% | |
| TRIAD FINANCIAL SERVICES, INC. | $415,000 | $1,585,000 | 281.9% | 0.2% |
| Heritage Bank of St Tammany | $2,240,000 | $1,510,000 | -32.6% | 0.2% |
| SWBC MORTGAGE CORPORATION | $1,310,000 | $1,505,000 | 14.9% | 0.2% |
| Peoples Bank & Trust Company of Pointe Coupee Parish, Inc | $790,000 | $1,480,000 | 87.3% | 0.2% |
| AMCAP MORTGAGE, LTD. | $3,895,000 | $1,450,000 | -62.8% | 0.2% |
| Truist Bank | $745,000 | $1,445,000 | 94.0% | 0.2% |
| Wyndham Capital Mortgage, Inc. | $245,000 | $1,440,000 | 487.8% | 0.2% |
| UNION HOME MORTGAGE CORP. | $1,400,000 | $1,410,000 | 0.7% | 0.2% |
| GSF Mortgage Corporation | $2,380,000 | $1,400,000 | -41.2% | 0.2% |
| Reliant Bank | $1,385,000 | $1,390,000 | 0.4% | 0.2% |
| SOUTHWEST STAGE FUNDING, LLC | $615,000 | $1,350,000 | 119.5% | 0.1% |
| La Capitol Federal Credit Union | $3,780,000 | $1,275,000 | -66.3% | 0.1% |
| Northpointe Bank | $415,000 | $1,260,000 | 203.6% | 0.1% |
| HOMESIDE FINANCIAL, LLC | $900,000 | $1,250,000 | 38.9% | 0.1% |
| Hometown Equity Mortgage, LLC | $925,000 | $1,240,000 | 34.1% | 0.1% |
| Plains Commerce Bank | $2,760,000 | $1,140,000 | -58.7% | 0.1% |
| b1BANK | $16,795,000 | $1,095,000 | -93.5% | 0.1% |
| CMG MORTGAGE, INC. | $1,420,000 | $1,095,000 | -22.9% | 0.1% |
| AMERICAN INTERNET MORTGAGE, INC. | $1,010,000 | $1,075,000 | 6.4% | 0.1% |
| GUILD MORTGAGE COMPANY | $1,060,000 | $1,050,000 | -0.9% | 0.1% |
| CRESCENT MORTGAGE COMPANY | $1,905,000 | $1,005,000 | -47.2% | 0.1% |
| AMERICAN FINANCING CORPORATION | $675,000 | $990,000 | 46.7% | 0.1% |
| EVERETT FINANCIAL, INC. | $450,000 | $980,000 | 117.8% | 0.1% |
| Republic State Mortgage Co. | $845,000 | $940,000 | 11.2% | 0.1% |
| The Federal Savings Bank | $1,565,000 | $935,000 | -40.3% | 0.1% |
| SILVER HILL FUNDING, LLC | $890,000 | n/a | 0.1% | |
| First Savings Bank | $380,000 | $855,000 | 125.0% | 0.1% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $1,050,000 | $800,000 | -23.8% | 0.1% |
| Onpath Federal Credit Union | $1,395,000 | $800,000 | -42.7% | 0.1% |
| ROYAL UNITED MORTGAGE LLC | $1,125,000 | $800,000 | -28.9% | 0.1% |
| CHURCHILL MORTGAGE CORPORATION | $350,000 | $775,000 | 121.4% | 0.1% |
| CLEARPATH LENDING | $2,535,000 | $775,000 | -69.4% | 0.1% |
| SUN WEST MORTGAGE COMPANY, INC. | $1,645,000 | $765,000 | -53.5% | 0.1% |
| PERFORMANCE MORTGAGE LLC | $595,000 | $745,000 | 25.2% | 0.1% |
| Lakeview Community Capital, LLC | $740,000 | n/a | 0.1% | |
| First Guaranty Mortgage Corporation | $545,000 | $730,000 | 33.9% | 0.1% |
| NTFN, INC. | $2,035,000 | $730,000 | -64.1% | 0.1% |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $350,000 | $710,000 | 102.9% | 0.1% |
| Ally Bank | $205,000 | $705,000 | 243.9% | 0.1% |
| DRAPER AND KRAMER MORTGAGE CORP. | $705,000 | n/a | 0.1% | |
| Pelican State Credit Union | $1,910,000 | $705,000 | -63.1% | 0.1% |
| THRIVE MORTGAGE, LLC | $225,000 | $705,000 | 213.3% | 0.1% |
| North American Savings Bank, F.S.B. | $860,000 | $680,000 | -20.9% | 0.1% |
| UNITED SECURITY FINANCIAL CORP | $195,000 | $675,000 | 246.2% | 0.1% |
| Bank of England | $145,000 | $670,000 | 362.1% | 0.1% |
| Paramount Bank | $650,000 | n/a | 0.1% | |
| KEESLER | $1,840,000 | $645,000 | -64.9% | 0.1% |
| America's Mortgage Resource, Inc. | $1,010,000 | $595,000 | -41.1% | 0.1% |
| CSL Financial, LLC | $335,000 | $580,000 | 73.1% | 0.1% |
| NATIONS RELIABLE LENDING, LLC | $305,000 | $575,000 | 88.5% | 0.1% |
| Raymond James Bank | $555,000 | n/a | 0.1% | |
| PENTAGON FEDERAL CREDIT UNION | $445,000 | $550,000 | 23.6% | 0.1% |
| RELIANCE FIRST CAPITAL, LLC | $720,000 | $545,000 | -24.3% | 0.1% |
| Sierra Pacific Mortgage Company, Inc. | $215,000 | $540,000 | 151.2% | 0.1% |
| BROKER SOLUTIONS, INC. | $570,000 | $535,000 | -6.1% | 0.1% |
| LIMA ONE CAPITAL, LLC | $510,000 | n/a | 0.1% | |
| NATIONS DIRECT MORTGAGE, LLC | $275,000 | $500,000 | 81.8% | 0.1% |
| BancorpSouth Bank | $350,000 | $495,000 | 41.4% | 0.1% |
| BNC National Bank | $550,000 | $475,000 | -13.6% | 0.1% |
| Bank of America | $580,000 | $470,000 | -19.0% | 0.1% |
| Network Funding, L.P. | $465,000 | n/a | 0.1% | |
| ALLIED MORTGAGE GROUP, INC. | $215,000 | $440,000 | 104.7% | 0.0% |
| WYMAR FEDERAL CREDIT UNION | $100,000 | $440,000 | 340.0% | 0.0% |
| Cross Keys Bank | $255,000 | $425,000 | 66.7% | 0.0% |
| KELLER MORTGAGE, LLC | $840,000 | $410,000 | -51.2% | 0.0% |
| Chicago Mortgage Solutions LLC | $505,000 | $395,000 | -21.8% | 0.0% |
| ESSENTIAL | $390,000 | n/a | 0.0% | |
| Merchants Bank of Indiana | $1,485,000 | $390,000 | -73.7% | 0.0% |
| Citizens Bank | $420,000 | $385,000 | -8.3% | 0.0% |
| SYNERGY FEDERAL CREDIT UNION | $385,000 | n/a | 0.0% | |
| Trustmark National Bank | $885,000 | $385,000 | -56.5% | 0.0% |
| First Option Mortgage, LLC | $155,000 | $375,000 | 141.9% | 0.0% |
| HOMESPIRE MORTGAGE CORPORATION | $970,000 | $370,000 | -61.9% | 0.0% |
| BOKF | $355,000 | n/a | 0.0% | |
| Barrington Bank & Trust Company, N.A. | $205,000 | $350,000 | 70.7% | 0.0% |
| VELOCITY COMMERCIAL CAPITAL, LLC | $350,000 | n/a | 0.0% | |
| NATIONWIDE MORTGAGE BANKERS, INC. | $340,000 | n/a | 0.0% | |
| SOFI LENDING CORP. | $280,000 | $340,000 | 21.4% | 0.0% |
| RIVERLAND FEDERAL CREDIT UNION | $575,000 | $335,000 | -41.7% | 0.0% |
| OCEANSIDE MORTGAGE COMPANY | $505,000 | $330,000 | -34.7% | 0.0% |
| Armed Forces Bank | $175,000 | $320,000 | 82.9% | 0.0% |
| Truity Federal Credit Union | $315,000 | n/a | 0.0% | |
| EMM LOANS LLC | $710,000 | $305,000 | -57.0% | 0.0% |
| FBC MORTGAGE, LLC | $500,000 | $305,000 | -39.0% | 0.0% |
| Liberty Bank and Trust Company | $715,000 | $305,000 | -57.3% | 0.0% |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | $300,000 | n/a | 0.0% | |
| U.S. Bank | $300,000 | n/a | 0.0% | |
| First National Bank of America | $290,000 | n/a | 0.0% | |
| PHH Mortgage Corporation | $490,000 | $285,000 | -41.8% | 0.0% |
| Baxter Credit Union | $280,000 | n/a | 0.0% | |
| CELEBRITY HOME LOANS, LLC | $275,000 | n/a | 0.0% | |
| FIRST COMMUNITY MORTGAGE, INC. | $6,990,000 | $275,000 | -96.1% | 0.0% |
| LENOX FINANCIAL MORTGAGE CORPORATION | $275,000 | n/a | 0.0% | |
| Magnolia Bank | $275,000 | n/a | 0.0% | |
| PLAZA HOME MORTGAGE, INC. | $370,000 | $275,000 | -25.7% | 0.0% |
| PNC Bank | $275,000 | n/a | 0.0% | |
| TOWNE MORTGAGE COMPANY | $1,020,000 | $275,000 | -73.0% | 0.0% |
| InterContinental Capital Group, Inc | $270,000 | n/a | 0.0% | |
| GUARANTEED RATE AFFINITY, LLC | $235,000 | $255,000 | 8.5% | 0.0% |
| NBKC BANK | $270,000 | $255,000 | -5.6% | 0.0% |
| First Federal Bank of Kansas City | $315,000 | $245,000 | -22.2% | 0.0% |
| GUARANTY HOME MORTGAGE CORPORATION | $440,000 | $245,000 | -44.3% | 0.0% |
| Renasant Bank | $410,000 | $245,000 | -40.2% | 0.0% |
| Watermark Capital, Inc. | $245,000 | n/a | 0.0% | |
| EVANSVILLE TEACHERS | $235,000 | n/a | 0.0% | |
| Citibank | $230,000 | n/a | 0.0% | |
| Century Mortgage Company DBA Century Lending Company | $225,000 | n/a | 0.0% | |
| EFCU FINANCIAL | $865,000 | $225,000 | -74.0% | 0.0% |
| HIGHLAND HOMELOANS, LLC | $225,000 | n/a | 0.0% | |
| NP, Inc. | $410,000 | $225,000 | -45.1% | 0.0% |
| Triumph Bank | $225,000 | n/a | 0.0% | |
| Arvest Bank | $165,000 | $215,000 | 30.3% | 0.0% |
| NASA Federal Credit Union | $215,000 | n/a | 0.0% | |
| Bank of Zachary | $210,000 | n/a | 0.0% | |
| Landmark Bank | $15,000 | $210,000 | 1,300.0% | 0.0% |
| AMERICAN ADVISORS GROUP | $545,000 | $205,000 | -62.4% | 0.0% |
| R M K FINANCIAL CORP. | $205,000 | $205,000 | 0.0% | 0.0% |
| Fifth District Savings Bank | $105,000 | $195,000 | 85.7% | 0.0% |
| First Federal Bank | $185,000 | $195,000 | 5.4% | 0.0% |
| MIDLAND MORTGAGE CORPORATION | $190,000 | n/a | 0.0% | |
| BELEM SERVICING LLC | $185,000 | n/a | 0.0% | |
| CHEVRON | $105,000 | $175,000 | 66.7% | 0.0% |
| NETWORK CAPITAL FUNDING CORPORATION | $175,000 | n/a | 0.0% | |
| OCMBC, INC. | $205,000 | $175,000 | -14.6% | 0.0% |
| Discover Bank | $535,000 | $170,000 | -68.2% | 0.0% |
| ALL WESTERN MORTGAGE, INC. | $165,000 | n/a | 0.0% | |
| American Airlines Federal Credit Union | $165,000 | n/a | 0.0% | |
| FirstBank | $1,105,000 | $165,000 | -85.1% | 0.0% |
| The Central Trust Bank | $165,000 | n/a | 0.0% | |
| CREDIT UNION MORTGAGE ASSOCIATION, INC. | $195,000 | $155,000 | -20.5% | 0.0% |
| EMBRACE HOME LOANS, INC. | $235,000 | $155,000 | -34.0% | 0.0% |
| COUNTRYPLACE MORTGAGE, LTD. | $350,000 | $145,000 | -58.6% | 0.0% |
| REVERSE MORTGAGE FUNDING LLC | $115,000 | $145,000 | 26.1% | 0.0% |
| BECKAM FUNDING CORP. | $125,000 | n/a | 0.0% | |
| Stifel Bank and Trust | $125,000 | n/a | 0.0% | |
| TIAA, FSB | $125,000 | n/a | 0.0% | |
| First Federal Bank, A FSB | $65,000 | $115,000 | 76.9% | 0.0% |
| JEFFERSON FINANCIAL | $515,000 | $105,000 | -79.6% | 0.0% |
| ZILLOW HOME LOANS, LLC | $105,000 | n/a | 0.0% | |
| Campus Federal Credit Union | $605,000 | $100,000 | -83.5% | 0.0% |
| BAYSHORE MORTGAGE FUNDING, LLC | $295,000 | $95,000 | -67.8% | 0.0% |
| SPRING EQ, LLC | $175,000 | $95,000 | -45.7% | 0.0% |
| Sunflower Bank | $95,000 | n/a | 0.0% | |
| Figure Lending LLC | $315,000 | $90,000 | -71.4% | 0.0% |
| Metairie Bank & Trust Company | $85,000 | n/a | 0.0% | |
| Bethpage Federal Credit Union | $75,000 | n/a | 0.0% | |
| FINANCE OF AMERICA REVERSE LLC | $75,000 | n/a | 0.0% | |
| Service Federal Credit Union | $355,000 | $55,000 | -84.5% | 0.0% |
| CREDIT HUMAN FEDERAL CREDIT UNION | $320,000 | $35,000 | -89.1% | 0.0% |
| RED RIVER EMPLOYEES | $220,000 | $35,000 | -84.1% | 0.0% |
HAMMOND's top lender by overall market share is GMFS LLC, with 10.1% market share. In second place, with 5.4%, is Gulf Coast Bank and Trust Company, having originated $48,810,000 in loans. In third place, with 5.3%, is QUICKEN LOANS, LLC, having originated $47,725,000 in loans. In fourth place, with 5.1%, is FREEDOM MORTGAGE CORPORATION, having originated $46,270,000 in loans. In fifth place, with 3.7%, is DHI MORTGAGE COMPANY, LTD., having originated $33,105,000 in loans.
HAMMOND Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - HAMMOND (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 | $189,900 (0.8%) | $233,846 (-1.6%) | 0.00 | 476 |
| 2018-02-01 | $189,200 (0.8%) | $231,281 (-2.4%) | 0.00 | 487 |
| 2018-03-01 | $189,900 (1.5%) | $231,628 (-2.7%) | 0.00 | 492 |
| 2018-04-01 | $189,950 (0.2%) | $230,842 (-4.8%) | 0.00 | 500 |
| 2018-05-01 | $193,245 (-2.4%) | $232,827 (-2.5%) | 0.00 | 509 |
| 2018-06-01 | $188,928 (-4.1%) | $226,817 (-4.6%) | 0.00 | 546 |
| 2018-07-01 | $189,043 (-2.1%) | $227,426 (-6.2%) | 0.00 | 537 |
| 2018-08-01 | $188,305 (-2.2%) | $227,096 (-5.0%) | 0.00 | 537 |
| 2018-09-01 | $185,000 (-2.6%) | $223,044 (-4.5%) | 0.00 | 567 |
| 2018-10-01 | $186,826 (-2.6%) | $234,214 (-2.5%) | 0.00 | 579 |
| 2018-11-01 | $188,538 (-0.7%) | $235,522 (-2.2%) | 0.00 | 604 |
| 2018-12-01 | $189,305 (-2.9%) | $234,054 (-1.7%) | 0.00 | 615 |
| 2019-01-01 | $183,445 (-3.4%) | $232,389 (-0.6%) | 0.00 | 607 |
| 2019-02-01 | $184,950 (-2.3%) | $234,028 (1.2%) | 0.00 | 605 |
| 2019-03-01 | $186,821 (-1.6%) | $234,677 (1.3%) | 0.00 | 603 |
| 2019-04-01 | $189,625 (-0.2%) | $235,167 (1.9%) | 0.00 | 594 |
| 2019-05-01 | $196,475 (1.7%) | $240,644 (3.4%) | 0.00 | 572 |
| 2019-06-01 | $199,000 (5.3%) | $241,262 (6.4%) | 0.00 | 594 |
| 2019-07-01 | $199,000 (5.3%) | $238,907 (5.1%) | 0.00 | 601 |
| 2019-08-01 | $198,123 (5.2%) | $239,747 (5.6%) | 0.00 | 597 |
| 2019-09-01 | $196,806 (6.4%) | $241,793 (8.4%) | 0.00 | 585 |
| 2019-10-01 | $197,538 (5.7%) | $243,156 (3.8%) | 0.00 | 559 |
| 2019-11-01 | $196,100 (4.0%) | $244,711 (3.9%) | 0.00 | 539 |
| 2019-12-01 | $194,100 (2.5%) | $245,285 (4.8%) | 0.00 | 517 |
| 2020-01-01 | $190,950 (4.1%) | $242,340 (4.3%) | 0.00 | 490 |
| 2020-02-01 | $190,000 (2.7%) | $250,425 (7.0%) | 0.00 | 468 |
| 2020-03-01 | $198,950 (6.5%) | $256,941 (9.5%) | 0.00 | 454 |
| 2020-04-01 | $201,900 (6.5%) | $257,768 (9.6%) | 0.00 | 450 |
| 2020-05-01 | $207,900 (5.8%) | $260,230 (8.1%) | 0.00 | 391 |
| 2020-06-01 | $223,900 (12.5%) | $278,538 (15.5%) | 0.00 | 317 |
| 2020-07-01 | $224,750 (12.9%) | $276,927 (15.9%) | 0.00 | 299 |
| 2020-08-01 | $224,900 (13.5%) | $273,428 (14.1%) | 0.00 | 284 |
| 2020-09-01 | $228,190 (16.0%) | $277,080 (14.6%) | 0.00 | 269 |
| 2020-10-01 | $220,000 (11.4%) | $285,448 (17.4%) | 0.00 | 228 |
| 2020-11-01 | $229,000 (16.8%) | $296,914 (21.3%) | 0.00 | 216 |
| 2020-12-01 | $234,475 (20.8%) | $311,754 (27.1%) | 0.00 | 204 |
| 2021-01-01 | $235,000 (23.1%) | $318,152 (31.3%) | 0.00 | 176 |
| 2021-02-01 | $234,170 (23.3%) | $334,900 (33.7%) | 0.00 | 157 |
| 2021-03-01 | $236,750 (19.0%) | $335,953 (30.8%) | 0.00 | 156 |
| 2021-04-01 | $237,250 (17.5%) | $336,238 (30.4%) | 0.00 | 153 |
| 2021-05-01 | $240,000 (15.4%) | $351,978 (35.3%) | 0.00 | 147 |
| 2021-06-01 | $265,000 (18.4%) | $371,407 (33.3%) | 0.00 | 143 |
| 2021-07-01 | $267,000 (18.8%) | $357,443 (29.1%) | 0.00 | 152 |
| 2021-08-01 | $256,950 (14.3%) | $345,695 (26.4%) | 0.00 | 164 |
| 2021-09-01 | $267,000 (17.0%) | $361,991 (30.7%) | 0.00 | 151 |
| 2021-10-01 | $264,058 (20.0%) | $365,974 (28.2%) | 0.00 | 134 |
| 2021-11-01 | $248,250 (8.4%) | $350,289 (18.0%) | 0.00 | 127 |
| 2021-12-01 | $249,250 (6.3%) | $358,504 (15.0%) | 0.00 | 121 |
| 2022-01-01 | $238,753 (1.6%) | $358,986 (12.8%) | 0.00 | 115 |
| 2022-02-01 | $253,725 (8.4%) | $377,775 (12.8%) | 0.00 | 86 |
| 2022-03-01 | $265,000 (11.9%) | $365,165 (8.7%) | 0.00 | 111 |
| 2022-04-01 | $256,225 (8.0%) | $365,531 (8.7%) | 0.00 | 142 |
| 2022-05-01 | $267,603 (11.5%) | $379,889 (7.9%) | 0.00 | 153 |
| 2022-06-01 | $259,750 (-2.0%) | $363,550 (-2.1%) | 0.00 | 182 |
| 2022-07-01 | $256,390 (-4.0%) | $343,490 (-3.9%) | 0.00 | 225 |
| 2022-08-01 | $260,500 (1.4%) | $331,760 (-4.0%) | 0.00 | 237 |
| 2022-09-01 | $258,942 (-3.0%) | $327,980 (-9.4%) | 0.00 | 258 |
| 2022-10-01 | $250,000 (-5.3%) | $319,165 (-12.8%) | 0.00 | 283 |
| 2022-11-01 | $252,450 (1.7%) | $311,038 (-11.2%) | 0.00 | 276 |
| 2022-12-01 | $259,900 (4.3%) | $303,677 (-15.3%) | 0.00 | 274 |
| 2023-01-01 | $259,925 (8.9%) | $298,656 (-16.8%) | 0.00 | 284 |
| 2023-02-01 | $259,700 (2.4%) | $302,720 (-19.9%) | 0.00 | 281 |
HAMMOND's median listing price for 2023-02-01 was $259,700, a difference of
$5,975
(2.4%) versus the prior year and
$-225 versus the prior month.
HAMMOND's median listing price comes in at 0% of the national average.
HAMMOND's average listing price for 2023-02-01 was $302,720, a difference of $-75,055 (-19.9%) versus the prior year and $4,064 versus the prior month.
For the 2023-02-01 period, HAMMOND had 281 MLS listings, a difference of -3 listings (-1%) versus the prior month and 195 listings (227%) versus the prior year.
HAMMOND's median listing price comes in at 0% of the national average.
HAMMOND's average listing price for 2023-02-01 was $302,720, a difference of $-75,055 (-19.9%) versus the prior year and $4,064 versus the prior month.
For the 2023-02-01 period, HAMMOND had 281 MLS listings, a difference of -3 listings (-1%) versus the prior month and 195 listings (227%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - HAMMOND (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 0 days | 1,844 sqft |
| 2018-02-01 | 0 days | 1,830 sqft |
| 2018-03-01 | 0 days | 1,858 sqft |
| 2018-04-01 | 0 days | 1,855 sqft |
| 2018-05-01 | 0 days | 1,880 sqft |
| 2018-06-01 | 0 days | 1,858 sqft |
| 2018-07-01 | 0 days | 1,842 sqft |
| 2018-08-01 | 0 days | 1,840 sqft |
| 2018-09-01 | 0 days | 1,803 sqft |
| 2018-10-01 | 0 days | 1,788 sqft |
| 2018-11-01 | 0 days | 1,774 sqft |
| 2018-12-01 | 0 days | 1,803 sqft |
| 2019-01-01 | 0 days | 1,755 sqft |
| 2019-02-01 | 0 days | 1,772 sqft |
| 2019-03-01 | 0 days | 1,779 sqft |
| 2019-04-01 | 0 days | 1,789 sqft |
| 2019-05-01 | 0 days | 1,842 sqft |
| 2019-06-01 | 0 days | 1,866 sqft |
| 2019-07-01 | 0 days | 1,859 sqft |
| 2019-08-01 | 0 days | 1,855 sqft |
| 2019-09-01 | 0 days | 1,857 sqft |
| 2019-10-01 | 0 days | 1,861 sqft |
| 2019-11-01 | 0 days | 1,885 sqft |
| 2019-12-01 | 0 days | 1,871 sqft |
| 2020-01-01 | 0 days | 1,858 sqft |
| 2020-02-01 | 0 days | 1,858 sqft |
| 2020-03-01 | 0 days | 1,882 sqft |
| 2020-04-01 | 0 days | 1,882 sqft |
| 2020-05-01 | 0 days | 1,893 sqft |
| 2020-06-01 | 0 days | 1,997 sqft |
| 2020-07-01 | 0 days | 2,012 sqft |
| 2020-08-01 | 0 days | 1,983 sqft |
| 2020-09-01 | 0 days | 2,060 sqft |
| 2020-10-01 | 0 days | 1,914 sqft |
| 2020-11-01 | 0 days | 1,923 sqft |
| 2020-12-01 | 0 days | 1,926 sqft |
| 2021-01-01 | 0 days | 1,950 sqft |
| 2021-02-01 | 0 days | 1,980 sqft |
| 2021-03-01 | 0 days | 1,971 sqft |
| 2021-04-01 | 0 days | 1,937 sqft |
| 2021-05-01 | 0 days | 1,969 sqft |
| 2021-06-01 | 0 days | 2,030 sqft |
| 2021-07-01 | 0 days | 2,040 sqft |
| 2021-08-01 | 0 days | 2,000 sqft |
| 2021-09-01 | 0 days | 2,095 sqft |
| 2021-10-01 | 0 days | 2,000 sqft |
| 2021-11-01 | 0 days | 1,921 sqft |
| 2021-12-01 | 0 days | 1,923 sqft |
| 2022-01-01 | 0 days | 1,823 sqft |
| 2022-02-01 | 0 days | 1,877 sqft |
| 2022-03-01 | 0 days | 1,972 sqft |
| 2022-04-01 | 0 days | 1,887 sqft |
| 2022-05-01 | 0 days | 2,009 sqft |
| 2022-06-01 | 0 days | 1,928 sqft |
| 2022-07-01 | 0 days | 1,878 sqft |
| 2022-08-01 | 0 days | 1,853 sqft |
| 2022-09-01 | 0 days | 1,835 sqft |
| 2022-10-01 | 0 days | 1,798 sqft |
| 2022-11-01 | 0 days | 1,871 sqft |
| 2022-12-01 | 0 days | 1,897 sqft |
| 2023-01-01 | 0 days | 1,869 sqft |
| 2023-02-01 | 0 days | 1,871 sqft |
HAMMOND's median listing age (time on market) for 2023-02-01 was 0 days.
HAMMOND's median square footage for active listings during the 2023-02-01 period was 1,871 sqft. One year prior, the average listing was 1,877 sqft.
HAMMOND's median square footage for active listings during the 2023-02-01 period was 1,871 sqft. One year prior, the average listing was 1,877 sqft.
HAMMOND, LA Average Rent (2022)
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| Zip Code | Metro | Studio Apartment Rent | 1BR Apartment Rent | 2BR Apartment Rent | 3BR Apartment Rent | 4BR Apartment Rent |
|---|---|---|---|---|---|---|
| 70401 | Hammond, LA | $710 | $710 | $910 | $1,120 | $1,230 |
| 70402 | Hammond, LA | $710 | $710 | $910 | $1,120 | $1,230 |
| 70403 | Hammond, LA | $720 | $780 | $920 | $1,170 | $1,430 |
| 70404 | Hammond, LA | $710 | $710 | $910 | $1,120 | $1,230 |
| 70421 | Hammond, LA | $710 | $710 | $910 | $1,120 | $1,230 |
| 70422 | Hammond, LA | $720 | $780 | $920 | $1,170 | $1,430 |
| 70433 | Hammond, LA | $890 | $1,060 | $1,240 | $1,600 | $1,850 |
| 70435 | Hammond, LA | $820 | $960 | $1,130 | $1,460 | $1,680 |
| 70436 | Hammond, LA | $720 | $780 | $920 | $1,170 | $1,430 |
| 70437 | Hammond, LA | $740 | $870 | $1,020 | $1,310 | $1,510 |
| 70438 | Hammond, LA | $830 | $970 | $1,150 | $1,470 | $1,700 |
| 70442 | Hammond, LA | $630 | $630 | $810 | $1,000 | $1,100 |
| 70443 | Hammond, LA | $720 | $780 | $920 | $1,170 | $1,430 |
| 70444 | Hammond, LA | $720 | $780 | $920 | $1,170 | $1,430 |
| 70446 | Hammond, LA | $640 | $640 | $820 | $1,010 | $1,110 |
| 70451 | Hammond, LA | $710 | $710 | $910 | $1,120 | $1,230 |
| 70454 | Hammond, LA | $740 | $740 | $950 | $1,170 | $1,290 |
| 70455 | Hammond, LA | $690 | $710 | $900 | $1,110 | $1,230 |
| 70456 | Hammond, LA | $720 | $780 | $920 | $1,170 | $1,430 |
| 70462 | Hammond, LA | $720 | $780 | $920 | $1,170 | $1,430 |
| 70465 | Hammond, LA | $670 | $670 | $860 | $1,060 | $1,170 |
| 70466 | Hammond, LA | $720 | $780 | $930 | $1,170 | $1,430 |
2022 Average & Median Rent Data Statistics
HAMMOND, LA average 1BR rent: $775, median: $780
HAMMOND, LA average 2BR rent: $945, median: $920
HAMMOND, LA average 3BR rent: $1,189, median: $1,170
HAMMOND, LA Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 2,326 | $470,080,000 | $202,098 |
| Refi | 1,512 | $303,760,000 | $200,899 |
| Cash Out Refi | 564 | $115,110,000 | $204,096 |
| Home Improvement | 72 | $7,550,000 | $104,861 |
| Other | 58 | $6,180,000 | $106,552 |
Hammond's most frequently cited loan purpose was Home Purchase, with 2,326 originations. The 2nd most popular reason was Refi, with 1,512 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 1,732 | $347,700,000 | $200,751 |
| 3-4% | 1,348 | $268,690,000 | $199,325 |
| <2.5% | 747 | $140,835,000 | $188,534 |
| 4-5% | 160 | $38,680,000 | $241,750 |
| Over 8% | 99 | $8,495,000 | $85,808 |
| 7-8% | 50 | $4,530,000 | $90,600 |
| 6-7% | 45 | $4,585,000 | $101,889 |
| 5-6% | 44 | $4,110,000 | $93,409 |
During 2021, Hammond's most frequently originated rate bucket was 2.5-3%, with 1,732 originations.
Loan Sizing (HAMMOND, LA MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100k-200k | 2,150 | $332,150,000 | $154,488 |
| $200k-400k | 1,655 | $426,375,000 | $257,628 |
| $100,000 or less | 582 | $38,030,000 | $65,344 |
| $400k-600k | 107 | $49,525,000 | $462,850 |
| $Over $1MM | 20 | $43,800,000 | $2,190,000 |
| $600k-1000k | 18 | $12,800,000 | $711,111 |
HAMMOND's loan sizing saw the bucket of loans from $100k-200k with 2,150 originations, totaling $332,150,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 2,247 | $464,725,000 | $206,820 |
| 60-80% | 1,037 | $211,545,000 | $203,997 |
| 40-60% | 320 | $46,090,000 | $144,031 |
| 20-40% | 134 | $16,030,000 | $119,627 |
| Under 20% | 96 | $2,800,000 | $29,167 |
| Over 100% | 89 | $21,375,000 | $240,169 |
HAMMOND's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 2,247 originations, totaling $464,725,000 in origination value.