Jennings Mortgage Rates & Closing Costs

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

30 Year Fixed Rate mortgages in Jennings averaged 6.75% for the week of 2024-07-03, compared to the national average of 6.95% for the same period.

The average rate for the prior week (2024-06-27) was 6.96% and one month ago for the week of 2024-05-30, the average rate was 7.03%.

Jennings's average rate one year ago was 6.91%.

For refis of the same type during the week of 2024-07-03, the average rate was 6.95%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-07-03 6.95%
Jennings 30 Year Fixed Rate 2024-07-03 6.75%
Jennings 30 Year Fixed Rate Refi 2024-07-03 6.95%
Jennings 15 Year Fixed Rate 2024-07-03 6.05%
Jennings 15 Year Fixed Rate Refi 2024-07-03 6.85%
Jennings 30 Year FHA 2024-07-03 6.69%
Jennings 30 Year FHA Refi 2024-07-03 6.92%
Jennings 30 Year USDA 2024-07-03 6.54%
Jennings 30 Year USDA Refi 2024-07-03 6.84%
Jennings 30 Year VA 2024-07-03 6.28%
Jennings 30 Year VA Refi 2024-07-03 6.68%
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 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.).

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
FIDELITY BANK 9 7.05% $4,548
QUICKEN LOANS, LLC 7 6.75% $5,366
GMFS LLC 7 7.03% $5,222
The Bank 7 8.75% $2,097
DHI MORTGAGE COMPANY, LTD. 6 5.41% $2,720
UNION HOME MORTGAGE CORP. 5 6.73% $4,073
UNITED WHOLESALE MORTGAGE, LLC 4 6.53% $5,277
Citizens Bank 4 6.88% $3,985
NTFN, INC. 3 6.96% $5,394
Flagstar Bank, FSB 3 7.77% $5,357
Jeff Davis Bancshares 2 7.87% $355
PENNYMAC LOAN SERVICES, LLC 2 6.81% $8,839
Plains Commerce Bank 2 6.31% $8,906
Home Bank 2 5.94% $3,538
First Horizon Bank 2 6.25% $7,157
LOANDEPOT.COM, LLC 2 6.50% $6,145
21ST MORTGAGE CORPORATION 2 8.98% $5,938
Wells Fargo Bank 1 6.75% $5,680
AMERICAN PACIFIC MORTGAGE CORPORATION 1 7.50% $8,086
BancorpSouth 1 6.88% $4,077
Carrington Mortgage Services, LLC 1 5.88% $8,074
First Federal Bank 1 6.75% $6,126
MEMBER HOME LOAN, L.L.C. 1 5.75% $7,075
MID AMERICA MORTGAGE, INC. 1 7.38% $10,880
MUTUAL OF OMAHA MORTGAGE, INC. 1 5.88% $4,453
NAVY FEDERAL CREDIT UNION 1 6.00% $4,859
OAKTREE FUNDING CORP. 1 9.13% $13,634
Red River Bank 1 5.88% $3,568
Regions Bank 1 5.75% $4,551
Sabine State Bank and Trust Company 1 7.63% $3,393
Victorian Finance, LLC 1 6.25% $5,437

Jennings Average Closing Costs & Other Stats

Jennings, LA's 31 lenders originated 399 loans during 2023. The total origination value was $66,275,000, with an average loan value of $166,103.

Jennings's average closing costs are $5,098.

The top Jennings lender as defined by loan originations is FIDELITY BANK, with 9 loans originated. Their average total fees are $4,548, which is $818 lower than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Jennings lenders (with over 10 loans originated) are .

The lowest rate Jennings lenders (with over 10 loans originated) are .

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 2022 Loan Value 2023 Loan Value % Change 2023 Market Share
The Bank $18,370,000 $11,605,000 -36.8% 17.5%
DHI MORTGAGE COMPANY, LTD. $9,140,000 $4,340,000 -52.5% 6.5%
FIDELITY BANK $3,300,000 $3,205,000 -2.9% 4.8%
UNITED WHOLESALE MORTGAGE, LLC $3,520,000 $3,065,000 -12.9% 4.6%
GMFS LLC $4,445,000 $2,980,000 -33.0% 4.5%
QUICKEN LOANS, LLC $2,565,000 $2,760,000 7.6% 4.2%
CATAHOULA LASALLE BANK $2,605,000 n/a 3.9%
Abbeville Building & Loan (A State-Chartered Savings Bank) $2,855,000 $2,035,000 -28.7% 3.1%
MID AMERICA MORTGAGE, INC. $105,000 $1,635,000 1,457.1% 2.5%
First Horizon Bank $205,000 $1,630,000 695.1% 2.5%
UNION HOME MORTGAGE CORP. $355,000 $1,605,000 352.1% 2.4%
Citizens Bank $3,830,000 $1,385,000 -63.8% 2.1%
Jeff Davis Bancshares $2,255,000 $1,290,000 -42.8% 1.9%
PENNYMAC LOAN SERVICES, LLC $1,355,000 $1,225,000 -9.6% 1.8%
21ST MORTGAGE CORPORATION $1,570,000 $1,190,000 -24.2% 1.8%
First Federal Bank of Louisiana $875,000 $1,015,000 16.0% 1.5%
Mortgage Research Center, LLC $2,125,000 $950,000 -55.3% 1.4%
Plains Commerce Bank $475,000 $950,000 100.0% 1.4%
NEWREZ LLC $115,000 $945,000 721.7% 1.4%
Hancock Whitney Bank $340,000 $940,000 176.5% 1.4%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $3,655,000 $920,000 -74.8% 1.4%
NTFN, INC. $2,540,000 $905,000 -64.4% 1.4%
Flagstar Bank, FSB $1,130,000 $865,000 -23.5% 1.3%
Nations Lending Corporation $1,360,000 $820,000 -39.7% 1.2%
AMERICAN FINANCIAL RESOURCES, INC. $850,000 $775,000 -8.8% 1.2%
TRIAD FINANCIAL SERVICES, INC. $95,000 $750,000 689.5% 1.1%
FREEDOM MORTGAGE CORPORATION $1,020,000 $725,000 -28.9% 1.1%
VANDERBILT MORTGAGE AND FINANCE, INC. $1,090,000 $695,000 -36.2% 1.0%
Rayne Building and Loan Association $755,000 $605,000 -19.9% 0.9%
The Cottonport Bank $595,000 n/a 0.9%
STANDARD MORTGAGE CORPORATION $560,000 n/a 0.8%
EUSTIS AND AMERICAN MORTGAGE COMPANY $660,000 $535,000 -18.9% 0.8%
Sabine State Bank and Trust Company $400,000 $525,000 31.3% 0.8%
Regions Bank $465,000 n/a 0.7%
First Federal Bank $455,000 n/a 0.7%
Home Bank $1,430,000 $455,000 -68.2% 0.7%
SOUTHWEST LOUISIANA CREDIT UNION $635,000 $440,000 -30.7% 0.7%
FIRST COMMUNITY MORTGAGE, INC. $195,000 $430,000 120.5% 0.6%
AMERICAN PACIFIC MORTGAGE CORPORATION $410,000 n/a 0.6%
Red River Bank $615,000 $370,000 -39.8% 0.6%
OAKTREE FUNDING CORP. $315,000 n/a 0.5%
NAVY FEDERAL CREDIT UNION $1,040,000 $305,000 -70.7% 0.5%
Equity Prime Mortgage LLC $165,000 $290,000 75.8% 0.4%
Chickasaw Community Bank $275,000 n/a 0.4%
The Federal Savings Bank $275,000 n/a 0.4%
Merchants & Farmers Bank & Trust Company $270,000 n/a 0.4%
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC $265,000 n/a 0.4%
MEMBER HOME LOAN, L.L.C. $265,000 n/a 0.4%
Neighbors Federal Credit Union $235,000 n/a 0.4%
MOVEMENT MORTGAGE, LLC $245,000 $230,000 -6.1% 0.3%
MUTUAL OF OMAHA MORTGAGE, INC. $170,000 $230,000 35.3% 0.3%
MORTGAGE SOLUTIONS OF COLORADO, LLC $155,000 $205,000 32.3% 0.3%
Bank of Commerce & Trust Co $190,000 n/a 0.3%
FIRST NATIONAL BANK OF LA $175,000 n/a 0.3%
Mr. Cooper ( Nationstar Mortgage ) $220,000 $175,000 -20.5% 0.3%
SOUTHWEST STAGE FUNDING, LLC $715,000 $175,000 -75.5% 0.3%
CSE Federal Credit Union $340,000 $170,000 -50.0% 0.3%
LOANDEPOT.COM, LLC $340,000 $170,000 -50.0% 0.3%
BAY EQUITY LLC $165,000 n/a 0.2%
Wells Fargo Bank $170,000 $155,000 -8.8% 0.2%
Carrington Mortgage Services, LLC $145,000 n/a 0.2%
T2 FINANCIAL LLC $135,000 n/a 0.2%
BancorpSouth $125,000 n/a 0.2%
PLAZA HOME MORTGAGE, INC. $390,000 $125,000 -67.9% 0.2%
Victorian Finance, LLC $125,000 n/a 0.2%
Farmers-Merchants Bank & Trust Company $35,000 $120,000 242.9% 0.2%
b1BANK $45,000 $115,000 155.6% 0.2%
Washington State Bank $265,000 $115,000 -56.6% 0.2%
Discover Bank $110,000 n/a 0.2%
St Landry Bank & Trust Company $105,000 n/a 0.2%
CREDIT HUMAN FEDERAL CREDIT UNION $135,000 $95,000 -29.6% 0.1%
CSL Financial, LLC $590,000 $95,000 -83.9% 0.1%
Renasant Bank $95,000 n/a 0.1%
LIMA ONE CAPITAL, LLC $85,000 n/a 0.1%
First Guaranty Bank $275,000 $80,000 -70.9% 0.1%
PENTAGON FEDERAL CREDIT UNION $75,000 n/a 0.1%
BROKER SOLUTIONS, INC. $300,000 $55,000 -81.7% 0.1%
First National Bank in DeRidder $525,000 $45,000 -91.4% 0.1%
Pelican State Credit Union $105,000 $35,000 -66.7% 0.1%
U.S. Bank $35,000 n/a 0.1%
Coastal Community Bank $25,000 n/a 0.0%

Jennings's top lender by overall market share is The Bank, with 17.5% market share. In second place, with 6.5%, is DHI MORTGAGE COMPANY, LTD., having originated $4,340,000 in loans. In third place, with 4.8%, is FIDELITY BANK, having originated $3,205,000 in loans. In fourth place, with 4.6%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $3,065,000 in loans. In fifth place, with 4.5%, is GMFS LLC, having originated $2,980,000 in loans.

Jennings, LA Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 240 $45,450,000 $189,375
Refi 100 $15,010,000 $150,100
Cash Out Refi 23 $2,935,000 $127,609
Other 22 $1,640,000 $74,545
Home Improvement 14 $1,240,000 $88,571

Jennings's most frequently cited loan purpose was Home Purchase, with 240 originations. The 2nd most popular reason was Refi, with 100 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
6-7% 107 $20,095,000 $187,804
Over 8% 107 $12,355,000 $115,467
7-8% 95 $14,005,000 $147,421
5-6% 42 $9,030,000 $215,000
4-5% 13 $2,475,000 $190,385

During 2023, Jennings's most frequently originated rate bucket was 6-7%, with 107 originations.

Loan Sizing (Jennings, LA MSA)

Loan Size Originations Total Value Average Loan
$100k-200k 161 $23,595,000 $146,553
$100,000 or less 128 $7,840,000 $61,250
$200k-400k 98 $26,480,000 $270,204
$400k-600k 9 $4,375,000 $486,111
$600k-1000k 2 $1,380,000 $690,000
$Over $1MM 1 $2,605,000 $2,605,000

Jennings's loan sizing saw the bucket of loans from $100k-200k with 161 originations, totaling $23,595,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 193 $36,175,000 $187,435
60-80% 76 $12,700,000 $167,105
40-60% 46 $4,610,000 $100,217
20-40% 23 $1,635,000 $71,087
Over 100% 13 $2,375,000 $182,692
Under 20% 12 $410,000 $34,167

Jennings's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 193 originations, totaling $36,175,000 in origination value.