Jennings Mortgage Rates

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

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%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Jennings, LA.

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.).

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
QUICKEN LOANS, LLC 24 3.17% $4,877
Citizens Bank 21 2.96% $4,056
The Bank 18 5.10% $2,696
Abbeville Building & Loan (A State-Chartered Savings Bank) 18 2.74% $3,800
GMFS LLC 16 2.94% $3,635
DHI MORTGAGE COMPANY, LTD. 10 3.01% $2,855
NTFN, INC. 10 3.20% $3,458
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 9 3.07% $2,766
HOME POINT FINANCIAL CORPORATION 9 3.19% $4,747
FIDELITY BANK 8 3.38% $4,141
MORTGAGE FINANCIAL SERVICES, LLC 7 3.25% $4,733
Jeff Davis Bancshares, Inc. 5 4.95% $1,672
JPMorgan Chase Bank 5 3.55% $3,117
UNITED WHOLESALE MORTGAGE, LLC 5 3.15% $4,566
LOANDEPOT.COM, LLC 3 3.21% $3,888
MOVEMENT MORTGAGE, LLC 3 3.29% $4,029
Nations Lending Corporation 3 3.67% $2,802
CRESCENT MORTGAGE COMPANY 3 2.96% $3,921
Bank of England 3 3.13% $3,734
PENNYMAC LOAN SERVICES, LLC 2 2.81% $6,415
First Horizon Bank 2 3.06% $3,381
Gateway First Bank 2 3.00% $4,241
Hancock Whitney Bank 2 3.25% $3,455
Home Bank 2 3.06% $3,185
Wells Fargo Bank 2 3.19% $4,018
Hometown Lenders, Inc. 1 3.38% $4,049
FREEDOM MORTGAGE CORPORATION 1 2.88% $1,552
DAS Acquisition Company, LLC 1 3.50% $4,493
La Capitol Federal Credit Union 1 3.25% $3,716
CIS Financial Services, Inc. 1 3.38% $5,129
Merchants Bank of Indiana 1 3.25% $4,563
Chicago Mortgage Solutions LLC 1 3.13% $2,310
Carrington Mortgage Services, LLC 1 3.38% $4,199
Mr. Cooper ( Nationstar Mortgage ) 1 3.50% $5,631
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 1 3.25% $2,862
NATIONS RELIABLE LENDING, LLC 1 3.25% $4,360
CALIBER HOME LOANS, INC. 1 3.38% $5,646
21ST MORTGAGE CORPORATION 1 6.75% $6,677
Plains Commerce Bank 1 3.00% $3,823
BROKER SOLUTIONS, INC. 1 3.13% $4,538
RELIANCE FIRST CAPITAL, LLC 1 3.99% $5,201
Sabine State Bank and Trust Company 1 3.25% $2,266
Sierra Pacific Mortgage Company, Inc. 1 3.50% $4,579
SOUTHWEST LOUISIANA CREDIT UNION 1 3.50% $5,216
STANDARD MORTGAGE CORPORATION 1 2.75% $3,638
Assurance Financial Group, L.L.C. 1 3.25% $3,825
The Evangeline Bank & Trust Company 1 4.75% $1,391
The Federal Savings Bank 1 2.75% $5,610
AMERISAVE MORTGAGE CORPORATION 1 2.88% $5,200
GUILD MORTGAGE COMPANY 1 3.50% $3,471

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.