Jennings Mortgage Rates
30 Year Fixed Rate mortgages in Jennings averaged
6.62%
for the week of 2022-06-30, compared to the national average of
5.7% for the same period.
The average rate for the prior week (2022-06-23) was
6.63% and
one month ago for the week of 2022-05-26, the
average rate was 5.72%.
Jennings's average rate one year ago was 3.37%.
For refis of the same type during the week of 2022-06-30, the average rate
was 5.9%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2022-06-30 | 5.7% |
| Jennings 30 Year Fixed Rate | 2022-06-30 | 6.62% |
| Jennings 30 Year Fixed Rate Refi | 2022-06-30 | 5.9% |
| Jennings 15 Year Fixed Rate | 2022-06-30 | 7.25% |
| Jennings 15 Year Fixed Rate Refi | 2022-06-30 | 5.01% |
| Jennings 30 Year FHA | 2022-06-30 | 6.21% |
| Jennings 30 Year FHA Refi | 2022-06-30 | 5.55% |
| Jennings 30 Year USDA | 2022-06-30 | 6.03% |
| Jennings 30 Year USDA Refi | 2022-06-30 | 5.16% |
| Jennings 30 Year VA | 2022-06-30 | 5.83% |
| Jennings 30 Year VA Refi | 2022-06-30 | 5.39% |
Jennings Top Lenders by Rates & Fees
The below table looks at the consensus average rates and fees provided by each lendor, 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, LA's 50 lenders originated 783
loans during 2021. The total origination value was $124,275,000, with an average loan value of
$158,716.
The top Jennings lender as defined by loan originations is QUICKEN LOANS, LLC, with
24 loans originated. Their average total fees are
$4,877, which is $821
higher than the next largest lender,
Citizens Bank.
The lowest fee Jennings lenders (with over 10 loans originated) are
The Bank ($2,696), DHI MORTGAGE COMPANY, LTD. ($2,855), NTFN, INC. ($3,458), GMFS LLC ($3,635) and Abbeville Building & Loan (A State-Chartered Savings Bank) ($3,800).
The lowest rate Jennings lenders (with over 10 loans originated) are
Abbeville Building & Loan (A State-Chartered Savings Bank) (2.74%), GMFS LLC (2.94%), Citizens Bank (2.96%), DHI MORTGAGE COMPANY, LTD. (3.01%) and QUICKEN LOANS, LLC (3.17%).
Jennings, LA Lender 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 |
|---|---|---|---|---|
| The Bank | $10,180,000 | $11,140,000 | 9.4% | 9.0% |
| QUICKEN LOANS, LLC | $8,750,000 | $11,035,000 | 26.1% | 8.9% |
| Abbeville Building & Loan (A State-Chartered Savings Bank) | $7,875,000 | n/a | 6.3% | |
| Citizens Bank | $5,205,000 | $7,680,000 | 47.6% | 6.2% |
| GMFS LLC | $5,895,000 | $5,415,000 | -8.1% | 4.4% |
| HOME POINT FINANCIAL CORPORATION | $2,845,000 | $5,005,000 | 75.9% | 4.0% |
| FREEDOM MORTGAGE CORPORATION | $5,035,000 | $4,990,000 | -0.9% | 4.0% |
| FIDELITY BANK | $885,000 | $4,890,000 | 452.5% | 3.9% |
| DHI MORTGAGE COMPANY, LTD. | $4,250,000 | n/a | 3.4% | |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $1,980,000 | $3,430,000 | 73.2% | 2.8% |
| UNITED WHOLESALE MORTGAGE, LLC | $1,280,000 | $3,070,000 | 139.8% | 2.5% |
| NTFN, INC. | $3,445,000 | $3,065,000 | -11.0% | 2.5% |
| MORTGAGE FINANCIAL SERVICES, LLC | $1,545,000 | $2,915,000 | 88.7% | 2.3% |
| Jeff Davis Bancshares, Inc. | $1,075,000 | $2,835,000 | 163.7% | 2.3% |
| Happy State Bank | $2,725,000 | n/a | 2.2% | |
| LOANDEPOT.COM, LLC | $3,460,000 | $2,330,000 | -32.7% | 1.9% |
| Mr. Cooper ( Nationstar Mortgage ) | $1,145,000 | $2,040,000 | 78.2% | 1.6% |
| PENNYMAC LOAN SERVICES, LLC | $865,000 | $2,005,000 | 131.8% | 1.6% |
| Nations Lending Corporation | $2,165,000 | $1,990,000 | -8.1% | 1.6% |
| Wells Fargo Bank | $1,170,000 | $1,835,000 | 56.8% | 1.5% |
| The Evangeline Bank & Trust Company | $220,000 | $1,745,000 | 693.2% | 1.4% |
| First Federal Bank of Louisiana | $1,160,000 | $1,405,000 | 21.1% | 1.1% |
| 21ST MORTGAGE CORPORATION | $1,330,000 | $1,305,000 | -1.9% | 1.1% |
| Home Bank | $2,090,000 | $1,295,000 | -38.0% | 1.0% |
| Mortgage Research Center, LLC | $530,000 | $1,260,000 | 137.7% | 1.0% |
| AMERISAVE MORTGAGE CORPORATION | $1,370,000 | $1,145,000 | -16.4% | 0.9% |
| CALIBER HOME LOANS, INC. | $1,750,000 | $1,115,000 | -36.3% | 0.9% |
| MID AMERICA MORTGAGE, INC. | $1,410,000 | $1,070,000 | -24.1% | 0.9% |
| JPMorgan Chase Bank | $555,000 | $1,055,000 | 90.1% | 0.8% |
| CRESCENT MORTGAGE COMPANY | $1,100,000 | $1,040,000 | -5.5% | 0.8% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $1,175,000 | $1,015,000 | -13.6% | 0.8% |
| Hancock Whitney Bank | $1,095,000 | $930,000 | -15.1% | 0.7% |
| First Guaranty Bank | $765,000 | $890,000 | 16.3% | 0.7% |
| AMERICAN FINANCIAL RESOURCES, INC. | $1,140,000 | $740,000 | -35.1% | 0.6% |
| Assurance Financial Group, L.L.C. | $820,000 | $685,000 | -16.5% | 0.6% |
| Gateway First Bank | $555,000 | $670,000 | 20.7% | 0.5% |
| MOVEMENT MORTGAGE, LLC | $220,000 | $595,000 | 170.5% | 0.5% |
| CSE Federal Credit Union | $920,000 | $585,000 | -36.4% | 0.5% |
| b1BANK | $565,000 | n/a | 0.5% | |
| CALCON MUTUAL MORTGAGE LLC | $545,000 | n/a | 0.4% | |
| Plains Commerce Bank | $535,000 | n/a | 0.4% | |
| USAA Federal Savings Bank | $425,000 | $535,000 | 25.9% | 0.4% |
| Bank of England | $525,000 | n/a | 0.4% | |
| NEWREZ LLC | $475,000 | $505,000 | 6.3% | 0.4% |
| TRIAD FINANCIAL SERVICES, INC. | $205,000 | $500,000 | 143.9% | 0.4% |
| First Horizon Bank | $495,000 | n/a | 0.4% | |
| DAS Acquisition Company, LLC | $420,000 | $480,000 | 14.3% | 0.4% |
| LAKEVIEW LOAN SERVICING, LLC | $145,000 | $470,000 | 224.1% | 0.4% |
| GUILD MORTGAGE COMPANY | $270,000 | $460,000 | 70.4% | 0.4% |
| Chicago Mortgage Solutions LLC | $440,000 | n/a | 0.4% | |
| Red River Bank | $460,000 | $405,000 | -12.0% | 0.3% |
| SOUTHWEST LOUISIANA CREDIT UNION | $260,000 | $400,000 | 53.8% | 0.3% |
| THE MORTGAGE FIRM, INC. | $390,000 | n/a | 0.3% | |
| Bank of Abbeville & Trust Company | $245,000 | $365,000 | 49.0% | 0.3% |
| Merchants Bank of Indiana | $195,000 | $365,000 | 87.2% | 0.3% |
| CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $300,000 | $325,000 | 8.3% | 0.3% |
| SOUTHWEST STAGE FUNDING, LLC | $345,000 | $315,000 | -8.7% | 0.3% |
| Investar Bank | $310,000 | n/a | 0.2% | |
| Carrington Mortgage Services, LLC | $380,000 | $285,000 | -25.0% | 0.2% |
| Flagstar Bank, FSB | $145,000 | $275,000 | 89.7% | 0.2% |
| Hometown Lenders, Inc. | $220,000 | n/a | 0.2% | |
| STANDARD MORTGAGE CORPORATION | $245,000 | $215,000 | -12.2% | 0.2% |
| CSL Financial, LLC | $215,000 | $210,000 | -2.3% | 0.2% |
| EVERETT FINANCIAL, INC. | $205,000 | n/a | 0.2% | |
| NEW DAY FINANCIAL, LLC | $200,000 | n/a | 0.2% | |
| Barrington Bank & Trust Company, N.A. | $195,000 | $195,000 | 0.0% | 0.2% |
| JEFFERSON FINANCIAL | $145,000 | $185,000 | 27.6% | 0.1% |
| SWBC MORTGAGE CORPORATION | $185,000 | n/a | 0.1% | |
| ROYAL UNITED MORTGAGE LLC | $180,000 | n/a | 0.1% | |
| CIS Financial Services, Inc. | $175,000 | n/a | 0.1% | |
| La Capitol Federal Credit Union | $25,000 | $175,000 | 600.0% | 0.1% |
| SOUTHWEST FUNDING, LP | $175,000 | n/a | 0.1% | |
| The Federal Savings Bank | $225,000 | $175,000 | -22.2% | 0.1% |
| Wyndham Capital Mortgage, Inc. | $175,000 | n/a | 0.1% | |
| BETTER MORTGAGE CORPORATION | $620,000 | $165,000 | -73.4% | 0.1% |
| PNC Bank | $310,000 | $165,000 | -46.8% | 0.1% |
| TCF National Bank | $165,000 | n/a | 0.1% | |
| Sabine State Bank and Trust Company | $160,000 | n/a | 0.1% | |
| LENDERFI, INC. | $155,000 | n/a | 0.1% | |
| NATIONS RELIABLE LENDING, LLC | $145,000 | n/a | 0.1% | |
| ZILLOW HOME LOANS, LLC | $145,000 | n/a | 0.1% | |
| VILLAGE CAPITAL & INVESTMENT LLC | $135,000 | $135,000 | 0.0% | 0.1% |
| First National Bank in DeRidder | $50,000 | $125,000 | 150.0% | 0.1% |
| PLAZA HOME MORTGAGE, INC. | $125,000 | n/a | 0.1% | |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $345,000 | $125,000 | -63.8% | 0.1% |
| RELIANCE FIRST CAPITAL, LLC | $230,000 | $125,000 | -45.7% | 0.1% |
| Sierra Pacific Mortgage Company, Inc. | $115,000 | $125,000 | 8.7% | 0.1% |
| Washington State Bank | $705,000 | $125,000 | -82.3% | 0.1% |
| BROKER SOLUTIONS, INC. | $115,000 | $115,000 | 0.0% | 0.1% |
| CMG MORTGAGE, INC. | $215,000 | $115,000 | -46.5% | 0.1% |
| Discover Bank | $115,000 | n/a | 0.1% | |
| Northpointe Bank | $105,000 | n/a | 0.1% | |
| COUNTRYPLACE MORTGAGE, LTD. | $95,000 | n/a | 0.1% | |
| Pelican State Credit Union | $85,000 | n/a | 0.1% | |
| CREDIT HUMAN FEDERAL CREDIT UNION | $60,000 | $75,000 | 25.0% | 0.1% |
| BancorpSouth Bank | $515,000 | $65,000 | -87.4% | 0.1% |
| BankPlus | $65,000 | n/a | 0.1% | |
| Farmers-Merchants Bank & Trust Company | $45,000 | $65,000 | 44.4% | 0.1% |
| AMERICAN ADVISORS GROUP | $60,000 | n/a | 0.0% | |
| PENTAGON FEDERAL CREDIT UNION | $55,000 | n/a | 0.0% | |
| Gulf Coast Bank | $45,000 | n/a | 0.0% | |
| 1st Franklin Financial Corporation | $5,000 | n/a | 0.0% |
Jennings's top lender by overall market share is The Bank, with 9.0% market share. In second place, with 8.9%, is QUICKEN LOANS, LLC, having originated $11,035,000 in loans. In third place, with 6.3%, is Abbeville Building & Loan (A State-Chartered Savings Bank), having originated $7,875,000 in loans. In third place, with 6.2%, is Citizens Bank, having originated $7,680,000 in loans. In third place, with 4.4%, is GMFS LLC, having originated $5,415,000 in loans.
Jennings, LA Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 367 | $61,705,000 | $168,134 |
| Refi | 306 | $47,680,000 | $155,817 |
| Cash Out Refi | 83 | $12,995,000 | $156,566 |
| Other | 14 | $850,000 | $60,714 |
| Home Improvement | 13 | $1,045,000 | $80,385 |
Jennings's most frequently cited loan purpose was Home Purchase, with 367 originations. The 2nd most popular reason was Refi, with 306 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 270 | $48,640,000 | $180,148 |
| 3-4% | 178 | $29,580,000 | $166,180 |
| <2.5% | 113 | $20,475,000 | $181,195 |
| 4-5% | 72 | $11,760,000 | $163,333 |
| 5-6% | 48 | $4,530,000 | $94,375 |
| 6-7% | 42 | $3,870,000 | $92,143 |
| Over 8% | 19 | $1,115,000 | $58,684 |
| 7-8% | 18 | $1,340,000 | $74,444 |
During 2021, Jennings's most frequently originated rate bucket was 2.5-3%, with 270 originations.
Loan Sizing (Jennings, LA MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100k-200k | 339 | $49,575,000 | $146,239 |
| $100,000 or less | 237 | $15,425,000 | $65,084 |
| $200k-400k | 197 | $51,635,000 | $262,107 |
| $400k-600k | 7 | $3,145,000 | $449,286 |
| $Over $1MM | 2 | $3,830,000 | $1,915,000 |
| $600k-1000k | 1 | $665,000 | $665,000 |
Jennings's loan sizing saw the bucket of loans from $100k-200k with 339 originations, totaling $49,575,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 324 | $56,590,000 | $174,660 |
| 60-80% | 240 | $41,270,000 | $171,958 |
| 40-60% | 103 | $11,285,000 | $109,563 |
| 20-40% | 35 | $2,385,000 | $68,143 |
| Over 100% | 18 | $4,040,000 | $224,444 |
| Under 20% | 7 | $235,000 | $33,571 |
Jennings's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 324 originations, totaling $56,590,000 in origination value.
