Jennings Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Jennings averaged
6.72%
for the week of 2025-04-10, compared to the national average of
6.62% for the same period.
The average rate for the prior week (2025-04-03) was
6.64% and
one month ago for the week of 2025-03-06, the
average rate was 6.83%.
Jennings's average rate one year ago was 6.72%.
For refis of the same type during the week of 2025-04-10, the average rate
was 6.82%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2025-04-10 | 6.62% |
| Jennings 30 Year Fixed Rate | 2025-04-10 | 6.72% |
| Jennings 30 Year Fixed Rate Refi | 2025-04-10 | 6.82% |
| Jennings 15 Year Fixed Rate | 2025-04-10 | 5.82% |
| Jennings 15 Year Fixed Rate Refi | 2025-04-10 | 6.22% |
| Jennings 30 Year FHA | 2025-04-10 | 6.43% |
| Jennings 30 Year FHA Refi | 2025-04-10 | 6.43% |
| Jennings 30 Year USDA | 2025-04-10 | 6.45% |
| Jennings 30 Year USDA Refi | 2025-04-10 | 6.45% |
| Jennings 30 Year VA | 2025-04-10 | 6.29% |
| Jennings 30 Year VA Refi | 2025-04-10 | 6.19% |
Jennings 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 Jennings, 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.).
Jennings Average Closing Costs & Other Stats
Jennings, LA's 29 lenders originated 374
loans during 2024. The total origination value was $65,180,000, with an average loan value of
$174,278.
Jennings's average closing costs are $5,251.
The top Jennings lender as defined by loan originations is FIDELITY BANK, with
14 loans originated. Their average total fees are
$5,694, which is $2,251
lower than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Jennings lenders (with over 10 loans originated) are
FIDELITY BANK ($5,694), QUICKEN LOANS, LLC ($7,944), .
The lowest rate Jennings lenders (with over 10 loans originated) are
QUICKEN LOANS, LLC (6.60%), FIDELITY BANK (7.25%), .
Jennings, 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 | 2023 Loan Value | 2024 Loan Value | % Change | 2024 Market Share |
|---|---|---|---|---|
| The Bank | $11,605,000 | $6,715,000 | -42.1% | 10.3% |
| FIDELITY BANK | $3,205,000 | $4,915,000 | 53.4% | 7.5% |
| UNITED WHOLESALE MORTGAGE, LLC | $3,065,000 | $3,960,000 | 29.2% | 6.1% |
| WALKER & DUNLOP, LLC | $3,855,000 | n/a | 5.9% | |
| MRV Banks | $3,825,000 | n/a | 5.9% | |
| QUICKEN LOANS, LLC | $2,760,000 | $3,575,000 | 29.5% | 5.5% |
| DHI MORTGAGE COMPANY, LTD. | $4,340,000 | $3,160,000 | -27.2% | 4.8% |
| Abbeville Building & Loan (A State-Chartered Savings Bank) | $2,035,000 | $2,540,000 | 24.8% | 3.9% |
| FREEDOM MORTGAGE CORPORATION | $725,000 | $2,220,000 | 206.2% | 3.4% |
| GMFS LLC | $2,980,000 | $2,170,000 | -27.2% | 3.3% |
| HOMESIDE FINANCIAL, LLC | $1,940,000 | n/a | 3.0% | |
| Mortgage Research Center, LLC | $950,000 | $1,625,000 | 71.1% | 2.5% |
| UNION HOME MORTGAGE CORP. | $1,605,000 | $1,315,000 | -18.1% | 2.0% |
| 21ST MORTGAGE CORPORATION | $1,190,000 | $1,310,000 | 10.1% | 2.0% |
| Flagstar Bank, FSB | $865,000 | $1,310,000 | 51.4% | 2.0% |
| Jeff Davis Bancshares | $1,290,000 | $1,150,000 | -10.9% | 1.8% |
| Investar Bank | $1,005,000 | n/a | 1.5% | |
| NEWREZ LLC | $945,000 | $995,000 | 5.3% | 1.5% |
| First Federal Bank of Louisiana | $1,015,000 | $955,000 | -5.9% | 1.5% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $695,000 | $900,000 | 29.5% | 1.4% |
| TOWNE MORTGAGE COMPANY | $860,000 | n/a | 1.3% | |
| BancorpSouth | $125,000 | $815,000 | 552.0% | 1.3% |
| Equity Prime Mortgage LLC | $290,000 | $740,000 | 155.2% | 1.1% |
| CSE Federal Credit Union | $170,000 | $590,000 | 247.1% | 0.9% |
| PENNYMAC LOAN SERVICES, LLC | $1,225,000 | $530,000 | -56.7% | 0.8% |
| Nations Lending Corporation | $820,000 | $485,000 | -40.9% | 0.7% |
| The Federal Savings Bank | $275,000 | $465,000 | 69.1% | 0.7% |
| Sabine State Bank and Trust Company | $525,000 | $425,000 | -19.0% | 0.7% |
| First Horizon Bank | $1,630,000 | $410,000 | -74.8% | 0.6% |
| TRIAD FINANCIAL SERVICES, INC. | $750,000 | $400,000 | -46.7% | 0.6% |
| CMG MORTGAGE, INC. | $385,000 | n/a | 0.6% | |
| OCMBC, INC. | $370,000 | n/a | 0.6% | |
| Sunflower Bank | $365,000 | n/a | 0.6% | |
| CANOPY MORTGAGE, LLC | $360,000 | n/a | 0.6% | |
| Home Bank | $455,000 | $330,000 | -27.5% | 0.5% |
| CARDINAL FINANCIAL | $325,000 | n/a | 0.5% | |
| AMERICAN FINANCIAL RESOURCES, INC. | $775,000 | $310,000 | -60.0% | 0.5% |
| BROKER SOLUTIONS, INC. | $55,000 | $310,000 | 463.6% | 0.5% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $920,000 | $285,000 | -69.0% | 0.4% |
| USAA Federal Savings Bank | $275,000 | n/a | 0.4% | |
| ROYAL UNITED MORTGAGE LLC | $270,000 | n/a | 0.4% | |
| ZILLOW HOME LOANS, LLC | $265,000 | n/a | 0.4% | |
| MORTGAGE ACCESS CORP. | $245,000 | n/a | 0.4% | |
| FIRST COMMUNITY MORTGAGE, INC. | $430,000 | $230,000 | -46.5% | 0.4% |
| JPMorgan Chase Bank | $225,000 | n/a | 0.3% | |
| Merchants & Farmers Bank & Trust Company | $270,000 | $210,000 | -22.2% | 0.3% |
| b1BANK | $115,000 | $205,000 | 78.3% | 0.3% |
| Red River Bank | $370,000 | $205,000 | -44.6% | 0.3% |
| Carrington Mortgage Services, LLC | $145,000 | $200,000 | 37.9% | 0.3% |
| NMSI, INC. | $195,000 | n/a | 0.3% | |
| CREDIT HUMAN FEDERAL CREDIT UNION | $95,000 | $170,000 | 78.9% | 0.3% |
| CROSSCOUNTRY MORTGAGE, LLC | $165,000 | n/a | 0.3% | |
| Mr. Cooper ( Nationstar Mortgage ) | $175,000 | $160,000 | -8.6% | 0.2% |
| GUILD MORTGAGE COMPANY | $155,000 | n/a | 0.2% | |
| PREMIER MORTGAGE RESOURCES, L.L.C. | $155,000 | n/a | 0.2% | |
| Hancock Whitney Bank | $940,000 | $145,000 | -84.6% | 0.2% |
| HOMELAND BANCSHARES | $145,000 | n/a | 0.2% | |
| LAKEVIEW LOAN SERVICING, LLC | $145,000 | n/a | 0.2% | |
| Logan Finance Corporation | $145,000 | n/a | 0.2% | |
| AFFORDABLE MORTGAGE ADVISORS, LLC. | $135,000 | n/a | 0.2% | |
| First Guaranty Bank | $80,000 | $135,000 | 68.8% | 0.2% |
| SOUTHWEST STAGE FUNDING, LLC | $175,000 | $135,000 | -22.9% | 0.2% |
| Bank of America | $125,000 | n/a | 0.2% | |
| MID AMERICA MORTGAGE, INC. | $1,635,000 | $125,000 | -92.4% | 0.2% |
| T2 FINANCIAL LLC | $135,000 | $125,000 | -7.4% | 0.2% |
| SOUTHWEST LOUISIANA CREDIT UNION | $440,000 | $120,000 | -72.7% | 0.2% |
| Plains Commerce Bank | $950,000 | $115,000 | -87.9% | 0.2% |
| BRECO Federal Credit Union | $105,000 | n/a | 0.2% | |
| ESSENTIAL | $105,000 | n/a | 0.2% | |
| EUSTIS AND AMERICAN MORTGAGE COMPANY | $535,000 | $105,000 | -80.4% | 0.2% |
| Farmers State Bank & Trust Co. | $105,000 | n/a | 0.2% | |
| GUARANTEED RATE, INC. | $105,000 | n/a | 0.2% | |
| QUORUM FEDERAL CREDIT UNION | $105,000 | n/a | 0.2% | |
| Wells Fargo Bank | $155,000 | $105,000 | -32.3% | 0.2% |
| The Evangeline Bank & Trust Company | $100,000 | n/a | 0.2% | |
| Figure Lending LLC | $95,000 | n/a | 0.1% | |
| LOANDEPOT.COM, LLC | $170,000 | $95,000 | -44.1% | 0.1% |
| RELIANCE FIRST CAPITAL, LLC | $95,000 | n/a | 0.1% | |
| Renasant Bank | $95,000 | $85,000 | -10.5% | 0.1% |
| Paramount Residential Mortgage Group, Inc. | $75,000 | n/a | 0.1% | |
| Coastal Community Bank | $25,000 | $70,000 | 180.0% | 0.1% |
| TOWER | $65,000 | n/a | 0.1% | |
| BARKSDALE | $45,000 | n/a | 0.1% | |
| Pelican State Credit Union | $35,000 | $45,000 | 28.6% | 0.1% |
| OPEN MORTGAGE, LLC | $35,000 | n/a | 0.1% | |
| MUTUAL OF OMAHA MORTGAGE, INC. | $230,000 | $15,000 | -93.5% | 0.0% |
| America's Mortgage Resource, Inc. | $5,000 | n/a | 0.0% |
Jennings's top lender by overall market share is The Bank, with 10.3% market share. In second place, with 7.5%, is FIDELITY BANK, having originated $4,915,000 in loans. In third place, with 6.1%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $3,960,000 in loans. In fourth place, with 5.9%, is WALKER & DUNLOP, LLC, having originated $3,855,000 in loans. In fifth place, with 5.9%, is MRV Banks, having originated $3,825,000 in loans.
Jennings, LA Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 219 | $40,845,000 | $186,507 |
| Refi | 86 | $16,560,000 | $192,558 |
| Cash Out Refi | 37 | $5,725,000 | $154,730 |
| Other | 21 | $1,135,000 | $54,048 |
| Home Improvement | 11 | $915,000 | $83,182 |
Jennings's most frequently cited loan purpose was Home Purchase, with 219 originations. The 2nd most popular reason was Refi, with 86 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 124 | $11,040,000 | $89,032 |
| 6-7% | 104 | $20,150,000 | $193,750 |
| 7-8% | 77 | $11,015,000 | $143,052 |
| 5-6% | 28 | $9,860,000 | $352,143 |
| 4-5% | 14 | $3,360,000 | $240,000 |
| 3-4% | 1 | $145,000 | $145,000 |
During 2024, Jennings's most frequently originated rate bucket was Over 8%, with 124 originations.
Loan Sizing (Jennings, LA MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100,000 or less | 136 | $8,090,000 | $59,485 |
| $100k-200k | 134 | $19,060,000 | $142,239 |
| $200k-400k | 92 | $24,840,000 | $270,000 |
| $400k-600k | 7 | $3,185,000 | $455,000 |
| $Over $1MM | 3 | $8,685,000 | $2,895,000 |
| $600k-1000k | 2 | $1,320,000 | $660,000 |
Jennings's loan sizing saw the bucket of loans from $100,000 or less with 136 originations, totaling $8,090,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 180 | $32,930,000 | $182,944 |
| 60-80% | 61 | $11,645,000 | $190,902 |
| 40-60% | 44 | $5,250,000 | $119,318 |
| 20-40% | 32 | $1,960,000 | $61,250 |
| Under 20% | 15 | $795,000 | $53,000 |
| Over 100% | 11 | $1,795,000 | $163,182 |
Jennings's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 180 originations, totaling $32,930,000 in origination value.