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 7.19% for the week of 2023-09-21, compared to the national average of 7.19% for the same period.

The average rate for the prior week (2023-09-14) was 6.78% and one month ago for the week of 2023-08-17, the average rate was 7.09%.

Hammond's average rate one year ago was 5.72%.

For refis of the same type during the week of 2023-09-21, the average rate was 6.23%.

Loan Type Date Rate
US 30 Year Fixed Rate 2023-09-21 7.19%
Hammond 30 Year Fixed Rate 2023-09-21 7.19%
Hammond 30 Year Fixed Rate Refi 2023-09-21 6.23%
Hammond 15 Year Fixed Rate 2023-09-21 6.74%
Hammond 15 Year Fixed Rate Refi 2023-09-21 6.64%
Hammond 30 Year FHA 2023-09-21 6.34%
Hammond 30 Year FHA Refi 2023-09-21 6.94%
Hammond 30 Year USDA 2023-09-21 6.59%
Hammond 30 Year USDA Refi 2023-09-21 6.82%
Hammond 30 Year VA 2023-09-21 6.3%
Hammond 30 Year VA Refi 2023-09-21 6.72%
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.).

Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
GMFS LLC 105 4.78% $4,427
QUICKEN LOANS, LLC 51 4.98% $6,944
Gulf Coast Bank and Trust Company 49 4.86% $5,323
DSLD MORTGAGE, LLC 47 4.98% $2,645
MOVEMENT MORTGAGE, LLC 43 4.80% $4,373
UNITED WHOLESALE MORTGAGE, LLC 41 5.32% $5,372
Gateway First Bank 20 5.03% $3,082
LOANDEPOT.COM, LLC 18 4.51% $5,926
Regions Bank 18 4.88% $6,339
FIDELITY BANK 18 5.42% $5,985
Hancock Whitney Bank 17 4.76% $6,348
EUSTIS AND AMERICAN MORTGAGE COMPANY 16 5.42% $5,287
INTERLINC MORTGAGE SERVICES, LLC 13 4.91% $3,379
LHM FINANCIAL CORPORATION 12 5.07% $5,983
DHI MORTGAGE COMPANY, LTD. 12 4.87% $4,039
JPMorgan Chase Bank 12 4.60% $3,024
Mr. Cooper ( Nationstar Mortgage ) 12 4.81% $6,750
DRAPER AND KRAMER MORTGAGE CORP. 11 5.08% $4,128
Wells Fargo Bank 11 4.60% $3,880
ANGEL OAK HOME LOANS LLC 11 5.28% $4,584
MID AMERICA MORTGAGE, INC. 11 5.90% $5,623
CALIBER HOME LOANS, INC. 11 4.56% $5,350
Pelican State Credit Union 9 6.08% $3,984
PENNYMAC LOAN SERVICES, LLC 9 4.86% $4,818
STANDARD MORTGAGE CORPORATION 7 4.43% $4,245
Assurance Financial Group, L.L.C. 7 5.34% $6,955
CARDINAL FINANCIAL 7 5.23% $5,741
NEWREZ LLC 7 3.96% $5,279
Flagstar Bank, FSB 7 4.88% $6,566
Citizens Bank 6 5.31% $6,017
First Horizon Bank 5 5.70% $4,354
AMERISAVE MORTGAGE CORPORATION 5 3.58% $9,094
FBT Mortgage, L.L.C. 5 3.80% $3,707
NAVY FEDERAL CREDIT UNION 5 4.83% $4,312
SUMMIT FUNDING, INC. 5 6.32% $6,111
EVERETT FINANCIAL, INC. 4 4.66% $2,990
SOUTHWEST FUNDING, LP 4 4.72% $6,146
HOME POINT FINANCIAL CORPORATION 4 4.22% $6,512
BROKER SOLUTIONS, INC. 4 5.78% $8,465
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 4 4.00% $4,383
CREDIT HUMAN FEDERAL CREDIT UNION 3 5.58% $4,383
Carrington Mortgage Services, LLC 3 4.92% $5,599
MUTUAL OF OMAHA MORTGAGE, INC. 3 6.13% $9,318
Renasant Bank 3 4.42% $6,789
JEFFERSON FINANCIAL 3 3.96% $2,990
AmeriHome Mortgage Company, LLC 3 4.50% $4,194
AMCAP MORTGAGE, LTD. 3 4.58% $7,816
LAKEVIEW LOAN SERVICING, LLC 3 4.75% $2,571
CROSSCOUNTRY MORTGAGE, LLC 3 5.16% $7,312
BETTER MORTGAGE CORPORATION 2 3.38% $7,069
ARK-LA-TEX FINANCIAL SERVICES, LLC. 2 5.44% $1,859
BancorpSouth 2 4.94% $3,967
Bank of America 2 4.00% $488
GUARANTEED RATE, INC. 2 5.13% $5,326
GUILD MORTGAGE COMPANY 2 3.75% $4,984
HOMESIDE FINANCIAL, LLC 2 5.06% $7,516
KEESLER 2 4.44% $3,450
La Capitol Federal Credit Union 2 4.50% $3,316
Network Funding, L.P. 2 6.00% $5,231
Plains Commerce Bank 2 3.63% $3,299
PRIMELENDING, A PLAINSCAPITAL COMPANY 2 5.56% $8,410
ROYAL UNITED MORTGAGE LLC 2 7.00% $7,472
VANDERBILT MORTGAGE AND FINANCE, INC. 2 7.75% $7,215
Wolfe Financial, Inc 2 4.06% $4,108
Great Southern Bank 1 3.75% $4,769
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 5.88% $9,600
FREEDOM MORTGAGE CORPORATION 1 5.13% $6,085
MORTGAGE FINANCIAL SERVICES, LLC 1 5.63% $3,359
MORTGAGE SOLUTIONS OF COLORADO, LLC 1 6.13% $6,443
FirstTrust Home Loans, Inc. 1 4.00% $12,855
First Option Mortgage, LLC 1 4.13% $3,980
FirstBank 1 3.88% $3,496
Eureka Homestead 1 4.63% $3,400
Armed Forces Bank 1 5.25% $5,408
Equity Prime Mortgage LLC 1 7.50% $3,469
Northpointe Bank 1 6.75% $13,683
Notre Dame Federal Credit Union Corporation 1 4.88% $3,303
NTFN, INC. 1 3.75% $4,197
DEEPHAVEN MORTGAGE LLC 1 7.38% $4,404
CRESCENT MORTGAGE COMPANY 1 3.49% $4,441
PERFORMANCE MORTGAGE LLC 1 6.25% $5,355
PHH Mortgage Corporation 1 3.25% $8,382
USAA Federal Savings Bank 1 5.50% $8,273
PLANET HOME LENDING, LLC 1 6.13% $4,584
PREMIER MORTGAGE RESOURCES, L.L.C. 1 4.50% $10,455
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 5.13% $7,216
AMERICAN ADVISORS GROUP 1 4.38% $4,159
Citibank 1 4.63% $5,472
CHEVRON 1 6.25% $3,621
RELIANCE FIRST CAPITAL, LLC 1 4.63% $2,086
BOKF 1 6.13% $6,367
Veritex Community Bank 1 3.75% $5,156
SOFI LENDING CORP. 1 4.88% $2,754
21ST MORTGAGE CORPORATION 1 8.00% $6,933
Baxter Credit Union 1 4.38% $4,221
Bank of England 1 7.13% $17,585
T2 FINANCIAL LLC 1 4.63% $9,758
THE MORTGAGE FIRM, INC. 1 6.88% $4,442
THE NEW ORLEANS FIREMEN'S FEDERAL CREDIT UNION 1 4.00% $3,812
TRIAD FINANCIAL SERVICES, INC. 1 4.50% $7,390
Truist 1 5.38% $4,063
HOMEBRIDGE FINANCIAL SERVICES, INC. 1 4.38% $5,898
Home Bank 1 3.50% $3,241
GUARANTY HOME MORTGAGE CORPORATION 1 5.63% $3,430
Trustmark National Bank 1 6.13% $8,054
KELLER MORTGAGE, LLC 1 4.13% $2,634
KEYPOINT 1 3.75% $3,900
UNION HOME MORTGAGE CORP. 1 4.00% $4,198
GUARANTEED RATE AFFINITY, LLC 1 5.08% $472

HAMMOND Average Closing Costs & Other Stats

HAMMOND, LA's 109 lenders originated 2,900 loans during 2022. The total origination value was $621,860,000, with an average loan value of $214,434.

HAMMOND's average closing costs are $5,184.

The top HAMMOND lender as defined by loan originations is GMFS LLC, with 105 loans originated. Their average total fees are $4,427, which is $2,517 lower than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee HAMMOND lenders (with over 10 loans originated) are DSLD MORTGAGE, LLC ($2,645), JPMorgan Chase Bank ($3,024), Gateway First Bank ($3,082), INTERLINC MORTGAGE SERVICES, LLC ($3,379) and Wells Fargo Bank ($3,880).

The lowest rate HAMMOND lenders (with over 10 loans originated) are LOANDEPOT.COM, LLC (4.51%), CALIBER HOME LOANS, INC. (4.56%), Wells Fargo Bank (4.60%), JPMorgan Chase Bank (4.60%) and Hancock Whitney Bank (4.76%).

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 2021 Loan Value 2022 Loan Value % Change 2022 Market Share
GMFS LLC $91,340,000 $55,375,000 -39.4% 8.9%
Gulf Coast Bank and Trust Company $48,810,000 $35,870,000 -26.5% 5.8%
DSLD MORTGAGE, LLC $32,110,000 $29,930,000 -6.8% 4.8%
MOVEMENT MORTGAGE, LLC $25,935,000 $24,785,000 -4.4% 4.0%
QUICKEN LOANS, LLC $47,725,000 $23,965,000 -49.8% 3.9%
First Guaranty Bank $26,615,000 $23,900,000 -10.2% 3.8%
UNITED WHOLESALE MORTGAGE, LLC $16,100,000 $23,710,000 47.3% 3.8%
First American Bank and Trust $15,355,000 $18,715,000 21.9% 3.0%
Hancock Whitney Bank $19,235,000 $17,830,000 -7.3% 2.9%
Gateway First Bank $18,545,000 $15,570,000 -16.0% 2.5%
The First, A National Banking Association $16,565,000 $14,070,000 -15.1% 2.3%
CALIBER HOME LOANS, INC. $29,345,000 $12,105,000 -58.7% 1.9%
MID AMERICA MORTGAGE, INC. $15,165,000 $10,590,000 -30.2% 1.7%
FIDELITY BANK $12,285,000 $10,500,000 -14.5% 1.7%
DHI MORTGAGE COMPANY, LTD. $33,105,000 $10,305,000 -68.9% 1.7%
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $12,065,000 $9,715,000 -19.5% 1.6%
LOANDEPOT.COM, LLC $17,285,000 $9,260,000 -46.4% 1.5%
Regions Bank $11,475,000 $8,885,000 -22.6% 1.4%
Mortgage Research Center, LLC $9,135,000 $8,760,000 -4.1% 1.4%
EUSTIS AND AMERICAN MORTGAGE COMPANY $7,975,000 $8,725,000 9.4% 1.4%
Investar Bank $2,655,000 $8,495,000 220.0% 1.4%
FREEDOM MORTGAGE CORPORATION $46,270,000 $7,705,000 -83.3% 1.2%
American Bank & Trust Company $12,605,000 $6,880,000 -45.4% 1.1%
DRAPER AND KRAMER MORTGAGE CORP. $705,000 $6,640,000 841.8% 1.1%
PENNYMAC LOAN SERVICES, LLC $12,750,000 $6,625,000 -48.0% 1.1%
SUMMIT FUNDING, INC. $9,045,000 $6,115,000 -32.4% 1.0%
21ST MORTGAGE CORPORATION $7,895,000 $6,035,000 -23.6% 1.0%
Flagstar Bank, FSB $4,695,000 $5,600,000 19.3% 0.9%
Assurance Financial Group, L.L.C. $7,425,000 $5,500,000 -25.9% 0.9%
NEWREZ LLC $7,585,000 $5,355,000 -29.4% 0.9%
BankPlus $6,330,000 $5,205,000 -17.8% 0.8%
VANDERBILT MORTGAGE AND FINANCE, INC. $5,365,000 $5,135,000 -4.3% 0.8%
HOME POINT FINANCIAL CORPORATION $6,495,000 $5,055,000 -22.2% 0.8%
LHM FINANCIAL CORPORATION $5,515,000 $4,905,000 -11.1% 0.8%
Mr. Cooper ( Nationstar Mortgage ) $9,665,000 $4,575,000 -52.7% 0.7%
CROSSCOUNTRY MORTGAGE, LLC $9,155,000 $4,470,000 -51.2% 0.7%
Citizens Savings Bank $1,600,000 $4,415,000 175.9% 0.7%
TRIAD FINANCIAL SERVICES, INC. $1,585,000 $4,400,000 177.6% 0.7%
INTERLINC MORTGAGE SERVICES, LLC $8,525,000 $4,315,000 -49.4% 0.7%
FBT Mortgage, L.L.C. $18,665,000 $4,135,000 -77.8% 0.7%
JPMorgan Chase Bank $9,295,000 $3,740,000 -59.8% 0.6%
NAVY FEDERAL CREDIT UNION $2,585,000 $3,550,000 37.3% 0.6%
First Bank and Trust $9,755,000 $3,460,000 -64.5% 0.6%
Wells Fargo Bank $5,645,000 $3,315,000 -41.3% 0.5%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $2,910,000 $3,245,000 11.5% 0.5%
LOUISIANA $2,420,000 $3,185,000 31.6% 0.5%
American State Bank $3,150,000 n/a 0.5%
STANDARD MORTGAGE CORPORATION $7,335,000 $2,855,000 -61.1% 0.5%
ANGEL OAK HOME LOANS LLC $5,635,000 $2,765,000 -50.9% 0.4%
Carrington Mortgage Services, LLC $2,495,000 $2,500,000 0.2% 0.4%
Synovus Bank $2,485,000 n/a 0.4%
Pelican State Credit Union $705,000 $2,445,000 246.8% 0.4%
Resource Bank $1,960,000 $2,340,000 19.4% 0.4%
USAA Federal Savings Bank $2,545,000 $2,210,000 -13.2% 0.4%
AMCAP MORTGAGE, LTD. $1,450,000 $2,200,000 51.7% 0.4%
Citizens Bank $385,000 $2,150,000 458.4% 0.3%
Guaranty Bank & Trust Company of Delhi, Louisiana $2,115,000 n/a 0.3%
M C Bank & Trust Company $1,745,000 $2,035,000 16.6% 0.3%
Nations Lending Corporation $2,295,000 $2,035,000 -11.3% 0.3%
SOUTHWEST FUNDING, LP $5,085,000 $1,960,000 -61.5% 0.3%
PLANET HOME LENDING, LLC $2,370,000 $1,955,000 -17.5% 0.3%
United Community Bank $2,755,000 $1,920,000 -30.3% 0.3%
AMERISAVE MORTGAGE CORPORATION $5,805,000 $1,900,000 -67.3% 0.3%
First Horizon Bank $3,020,000 $1,860,000 -38.4% 0.3%
Home Bank $2,305,000 $1,845,000 -20.0% 0.3%
GUILD MORTGAGE COMPANY $1,050,000 $1,720,000 63.8% 0.3%
ORIX REAL ESTATE CAPITAL, LLC $1,695,000 n/a 0.3%
Citizens National Bank, N.A. $1,635,000 n/a 0.3%
PRIMELENDING, A PLAINSCAPITAL COMPANY $2,100,000 $1,585,000 -24.5% 0.3%
SECURITYNATIONAL MORTGAGE COMPANY $3,050,000 $1,510,000 -50.5% 0.2%
Origin Bank $1,495,000 n/a 0.2%
Fifth District Savings Bank $195,000 $1,465,000 651.3% 0.2%
NEW DAY FINANCIAL, LLC $3,120,000 $1,445,000 -53.7% 0.2%
JEFFERSON FINANCIAL $105,000 $1,440,000 1,271.4% 0.2%
CREDIT HUMAN FEDERAL CREDIT UNION $35,000 $1,345,000 3,742.9% 0.2%
LAKEVIEW LOAN SERVICING, LLC $5,585,000 $1,340,000 -76.0% 0.2%
AMERICAN FINANCIAL RESOURCES, INC. $3,130,000 $1,310,000 -58.1% 0.2%
HOMEBRIDGE FINANCIAL SERVICES, INC. $2,440,000 $1,295,000 -46.9% 0.2%
Plains Commerce Bank $1,140,000 $1,285,000 12.7% 0.2%
EVERETT FINANCIAL, INC. $980,000 $1,235,000 26.0% 0.2%
UNION HOME MORTGAGE CORP. $1,410,000 $1,220,000 -13.5% 0.2%
GUARANTEED RATE, INC. $1,165,000 n/a 0.2%
MUTUAL OF OMAHA MORTGAGE, INC. $800,000 $1,140,000 42.5% 0.2%
Citibank $230,000 $1,095,000 376.1% 0.2%
KEESLER $645,000 $1,025,000 58.9% 0.2%
LIMA ONE CAPITAL, LLC $510,000 $1,010,000 98.0% 0.2%
Barrington Bank & Trust Company, N.A. $350,000 $965,000 175.7% 0.2%
Bank of America $470,000 $955,000 103.2% 0.2%
WYMAR FEDERAL CREDIT UNION $440,000 $940,000 113.6% 0.2%
MORTGAGE SOLUTIONS OF COLORADO, LLC $920,000 n/a 0.1%
Metairie Bank & Trust Company $85,000 $890,000 947.1% 0.1%
ROYAL UNITED MORTGAGE LLC $800,000 $890,000 11.3% 0.1%
Red River Bank $1,850,000 $830,000 -55.1% 0.1%
Renasant Bank $245,000 $820,000 234.7% 0.1%
Lakeview Community Capital, LLC $740,000 $810,000 9.5% 0.1%
BROKER SOLUTIONS, INC. $535,000 $785,000 46.7% 0.1%
GSF Mortgage Corporation $1,400,000 $785,000 -43.9% 0.1%
Peoples Bank & Trust Company of Pointe Coupee Parish, Inc $1,480,000 $785,000 -47.0% 0.1%
Heritage Bank of St Tammany $1,510,000 $775,000 -48.7% 0.1%
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION $1,585,000 $765,000 -51.7% 0.1%
Landmark Bank $210,000 $765,000 264.3% 0.1%
BancorpSouth Bank $495,000 $740,000 49.5% 0.1%
Onpath Federal Credit Union $800,000 $735,000 -8.1% 0.1%
Network Funding, L.P. $465,000 $730,000 57.0% 0.1%
Wolfe Financial, Inc $715,000 n/a 0.1%
PENTAGON FEDERAL CREDIT UNION $550,000 $690,000 25.5% 0.1%
HOMESIDE FINANCIAL, LLC $1,250,000 $685,000 -45.2% 0.1%
Citadel Servicing Corporation $675,000 n/a 0.1%
CMG MORTGAGE, INC. $1,095,000 $655,000 -40.2% 0.1%
Equity Prime Mortgage LLC $640,000 n/a 0.1%
Hometown Equity Mortgage, LLC $1,240,000 $635,000 -48.8% 0.1%
Great Southern Bank $585,000 n/a 0.1%
NATIONS RELIABLE LENDING, LLC $575,000 $585,000 1.7% 0.1%
PRIMARY RESIDENTIAL MORTGAGE, INC. $710,000 $580,000 -18.3% 0.1%
Magnolia Bank $275,000 $550,000 100.0% 0.1%
The Federal Savings Bank $935,000 $550,000 -41.2% 0.1%
BETTER MORTGAGE CORPORATION $2,100,000 $540,000 -74.3% 0.1%
ANGEL OAK MORTGAGE SOLUTIONS LLC $300,000 $520,000 73.3% 0.1%
CRESCENT MORTGAGE COMPANY $1,005,000 $515,000 -48.8% 0.1%
Trustmark National Bank $385,000 $495,000 28.6% 0.1%
SOUTHWEST STAGE FUNDING, LLC $1,350,000 $485,000 -64.1% 0.1%
THE MORTGAGE FIRM, INC. $470,000 n/a 0.1%
SOFI LENDING CORP. $340,000 $460,000 35.3% 0.1%
SUN WEST MORTGAGE COMPANY, INC. $765,000 $460,000 -39.9% 0.1%
OPEN MORTGAGE, LLC $450,000 n/a 0.1%
ARK-LA-TEX FINANCIAL SERVICES, LLC. $440,000 n/a 0.1%
AmeriHome Mortgage Company, LLC $1,690,000 $415,000 -75.4% 0.1%
CALCON MUTUAL MORTGAGE LLC $405,000 n/a 0.1%
La Capitol Federal Credit Union $1,275,000 $405,000 -68.2% 0.1%
Paramount Residential Mortgage Group, Inc. $400,000 n/a 0.1%
T2 FINANCIAL LLC $395,000 n/a 0.1%
First Option Mortgage, LLC $375,000 $380,000 1.3% 0.1%
DEEPHAVEN MORTGAGE LLC $365,000 n/a 0.1%
HOMESTAR FINANCIAL CORPORATION $360,000 n/a 0.1%
GUARANTEED RATE AFFINITY, LLC $255,000 $355,000 39.2% 0.1%
PERFORMANCE MORTGAGE LLC $745,000 $350,000 -53.0% 0.1%
AMERICAN FINANCING CORPORATION $990,000 $345,000 -65.2% 0.1%
Baton Rouge Telco Federal Credit Union $345,000 n/a 0.1%
AMERICAN ADVISORS GROUP $205,000 $335,000 63.4% 0.1%
OCMBC, INC. $175,000 $335,000 91.4% 0.1%
PHH Mortgage Corporation $285,000 $330,000 15.8% 0.1%
CSL Financial, LLC $580,000 $320,000 -44.8% 0.1%
Bank of England $670,000 $315,000 -53.0% 0.1%
FirstTrust Home Loans, Inc. $315,000 n/a 0.1%
CHEVRON $175,000 $310,000 77.1% 0.0%
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC $305,000 n/a 0.0%
United Community Bank $2,755,000 $295,000 -89.3% 0.0%
Baxter Credit Union $280,000 $285,000 1.8% 0.0%
Northpointe Bank $1,260,000 $285,000 -77.4% 0.0%
Notre Dame Federal Credit Union Corporation $275,000 n/a 0.0%
Cornerstone First Mortgage, Inc $265,000 n/a 0.0%
ZILLOW HOME LOANS, LLC $105,000 $265,000 152.4% 0.0%
EFCU FINANCIAL $225,000 $260,000 15.6% 0.0%
Figure Lending LLC $90,000 $260,000 188.9% 0.0%
Truist $1,445,000 $260,000 -82.0% 0.0%
VILLAGE CAPITAL MORTGAGE $2,260,000 $260,000 -88.5% 0.0%
PREMIER MORTGAGE RESOURCES, L.L.C. $255,000 n/a 0.0%
AMWEST FUNDING CORP. $245,000 n/a 0.0%
NATIONS DIRECT MORTGAGE, LLC $500,000 $245,000 -51.0% 0.0%
U.S. Bank $300,000 $245,000 -18.3% 0.0%
PLAZA HOME MORTGAGE, INC. $275,000 $235,000 -14.5% 0.0%
Texana Bank $235,000 n/a 0.0%
NTFN, INC. $730,000 $225,000 -69.2% 0.0%
PNC Bank $275,000 $225,000 -18.2% 0.0%
b1BANK $1,095,000 $215,000 -80.4% 0.0%
Wilmington Savings Fund Society, FSB $205,000 n/a 0.0%
MORIA DEVELOPMENT, INC. $195,000 n/a 0.0%
NETWORK CAPITAL FUNDING CORPORATION $175,000 $195,000 11.4% 0.0%
THE NEW ORLEANS FIREMEN'S FEDERAL CREDIT UNION $190,000 n/a 0.0%
ALLIED MORTGAGE GROUP, INC. $440,000 $185,000 -58.0% 0.0%
ASHLAND Credit Union $185,000 n/a 0.0%
CORNERSTONE HOME LENDING, INC. $185,000 n/a 0.0%
COUNTRYPLACE MORTGAGE, LTD. $145,000 $180,000 24.1% 0.0%
Discover Bank $170,000 $175,000 2.9% 0.0%
VELOCITY COMMERCIAL CAPITAL, LLC $350,000 $175,000 -50.0% 0.0%
BOKF $355,000 $165,000 -53.5% 0.0%
Eureka Homestead $165,000 n/a 0.0%
FINANCE OF AMERICA MORTGAGE LLC $155,000 n/a 0.0%
First National Bank $155,000 n/a 0.0%
HOMESPIRE MORTGAGE CORPORATION $370,000 $155,000 -58.1% 0.0%
Mid-Continent Funding, Inc. $155,000 n/a 0.0%
RELIANCE FIRST CAPITAL, LLC $545,000 $155,000 -71.6% 0.0%
SPRING EQ, LLC $95,000 $155,000 63.2% 0.0%
KEYPOINT $145,000 n/a 0.0%
Armed Forces Bank $320,000 $135,000 -57.8% 0.0%
FirstBank $165,000 $135,000 -18.2% 0.0%
NBKC BANK $255,000 $135,000 -47.1% 0.0%
Veritex Community Bank $135,000 n/a 0.0%
Washington State Bank $135,000 n/a 0.0%
MORTGAGE FINANCIAL SERVICES, LLC $2,490,000 $125,000 -95.0% 0.0%
First National Bank of Omaha $115,000 n/a 0.0%
First South Farm Credit, ACA $115,000 n/a 0.0%
GENEVA FINANCIAL, LLC $115,000 n/a 0.0%
Bank of Zachary $210,000 $105,000 -50.0% 0.0%
KELLER MORTGAGE, LLC $410,000 $95,000 -76.8% 0.0%
State Department Federal Credit Union $85,000 n/a 0.0%
Bank of Tennessee $65,000 n/a 0.0%
Colonial Savings, F.A. $65,000 n/a 0.0%
Guaranty Bank and Trust Company $65,000 n/a 0.0%
GUARANTY HOME MORTGAGE CORPORATION $245,000 $65,000 -73.5% 0.0%
GREATER NEW ORLEANS $55,000 n/a 0.0%
DEPARTMENT OF THE INTERIOR FEDERAL CREDIT UNION $35,000 n/a 0.0%

HAMMOND's top lender by overall market share is GMFS LLC, with 8.9% market share. In second place, with 5.8%, is Gulf Coast Bank and Trust Company, having originated $35,870,000 in loans. In third place, with 4.8%, is DSLD MORTGAGE, LLC, having originated $29,930,000 in loans. In fourth place, with 4.0%, is MOVEMENT MORTGAGE, LLC, having originated $24,785,000 in loans. In fifth place, with 3.9%, is QUICKEN LOANS, LLC, having originated $23,965,000 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%) $233,981 (-1.6%) 0.00 477
2018-02-01 $189,325 (0.8%) $231,397 (-2.3%) 0.00 488
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 (-1.8%) 0.00 615
2019-01-01 $183,445 (-3.4%) $232,389 (-0.7%) 0.00 607
2019-02-01 $184,950 (-2.3%) $234,028 (1.1%) 0.00 605
2019-03-01 $186,821 (-1.6%) $234,677 (1.3%) 0.00 603
2019-04-01 $189,625 (-0.2%) $235,166 (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 $267,225 (17.1%) $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 $264,556 (11.7%) $365,165 (8.7%) 0.00 111
2022-04-01 $256,225 (8.0%) $365,531 (8.7%) 0.00 142
2022-05-01 $268,603 (11.9%) $379,250 (7.8%) 0.00 153
2022-06-01 $257,681 (-2.8%) $361,728 (-2.6%) 0.00 182
2022-07-01 $256,863 (-3.8%) $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 (-3.1%) $327,793 (-9.5%) 0.00 259
2022-10-01 $250,000 (-5.3%) $318,620 (-12.9%) 0.00 284
2022-11-01 $252,450 (1.7%) $310,623 (-11.3%) 0.00 277
2022-12-01 $259,900 (4.3%) $303,677 (-15.3%) 0.00 274
2023-01-01 $260,290 (9.0%) $298,565 (-16.8%) 0.00 284
2023-02-01 $259,519 (2.3%) $302,588 (-19.9%) 0.00 281
2023-03-01 $257,129 (-2.8%) $301,535 (-17.4%) 0.00 272
2023-04-01 $260,000 (1.5%) $310,074 (-15.2%) 0.00 263
2023-05-01 $276,250 (2.9%) $316,693 (-16.5%) 0.00 270
2023-06-01 $280,285 (8.8%) $334,648 (-7.5%) 0.00 274
2023-07-01 $278,000 (8.2%) $335,565 (-2.3%) 0.00 278
2023-08-01 $279,375 (7.3%) $341,391 (2.9%) 0.00 303
HAMMOND's median listing price for 2023-08-01 was $279,375, a difference of $18,875 (7.3%) versus the prior year and $1,375 versus the prior month.

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

HAMMOND's average listing price for 2023-08-01 was $341,391, a difference of $9,631 (2.9%) versus the prior year and $5,826 versus the prior month.

For the 2023-08-01 period, HAMMOND had 303 MLS listings, a difference of 25 listings (9%) versus the prior month and 66 listings (28%) 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 1,848 sqft
2018-02-01 0 days 1,831 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 1,843 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 2,099 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 1,960 sqft
2022-04-01 0 days 1,887 sqft
2022-05-01 0 days 2,015 sqft
2022-06-01 0 days 1,927 sqft
2022-07-01 0 days 1,887 sqft
2022-08-01 0 days 1,853 sqft
2022-09-01 0 days 1,831 sqft
2022-10-01 0 days 1,808 sqft
2022-11-01 0 days 1,866 sqft
2022-12-01 0 days 1,897 sqft
2023-01-01 0 days 1,869 sqft
2023-02-01 0 days 1,860 sqft
2023-03-01 0 days 1,893 sqft
2023-04-01 0 days 1,935 sqft
2023-05-01 0 days 2,054 sqft
2023-06-01 0 days 2,065 sqft
2023-07-01 0 days 2,000 sqft
2023-08-01 0 days 2,000 sqft
HAMMOND's median listing age (time on market) for 2023-08-01 was 0 days.

HAMMOND's median square footage for active listings during the 2023-08-01 period was 2,000 sqft. One year prior, the average listing was 1,853 sqft.

HAMMOND, 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.

For additional perspective within a market, below is information regarding the average rents (as defined by HUD) for zip codes within the metro area. Descriptive statistics (average, median) are shown below the table.
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 2,034 $460,580,000 $226,441
Cash Out Refi 356 $65,380,000 $183,652
Refi 320 $78,900,000 $246,563
Other 118 $11,150,000 $94,492
Home Improvement 72 $5,850,000 $81,250

Hammond's most frequently cited loan purpose was Home Purchase, with 2,034 originations. The 2nd most popular reason was Cash Out Refi, with 356 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
5-6% 678 $150,580,000 $222,094
4-5% 564 $130,880,000 $232,057
3-4% 535 $114,585,000 $214,178
6-7% 324 $64,550,000 $199,228
2.5-3% 177 $33,855,000 $191,271
7-8% 149 $23,455,000 $157,416
Over 8% 126 $10,590,000 $84,048
<2.5% 68 $7,290,000 $107,206

During 2022, Hammond's most frequently originated rate bucket was 5-6%, with 678 originations.

Loan Sizing (HAMMOND, LA MSA)

Loan Size Originations Total Value Average Loan
$200k-400k 1,243 $325,845,000 $262,144
$100k-200k 1,027 $158,115,000 $153,958
$100,000 or less 484 $29,770,000 $61,508
$400k-600k 105 $48,735,000 $464,143
$Over $1MM 22 $45,450,000 $2,065,909
$600k-1000k 19 $13,945,000 $733,947

HAMMOND's loan sizing saw the bucket of loans from $200k-400k with 1,243 originations, totaling $325,845,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 1,509 $341,565,000 $226,352
60-80% 565 $119,515,000 $211,531
40-60% 175 $26,615,000 $152,086
Under 20% 132 $6,820,000 $51,667
20-40% 129 $12,195,000 $94,535
Over 100% 84 $25,820,000 $307,381

HAMMOND's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 1,509 originations, totaling $341,565,000 in origination value.