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 7.03% for the week of 2023-09-14, compared to the national average of 7.18% for the same period.

The average rate for the prior week (2023-09-07) was 7.17% and one month ago for the week of 2023-08-10, the average rate was 6.91%.

Jennings's average rate one year ago was 5.94%.

For refis of the same type during the week of 2023-09-14, the average rate was 7.48%.

Loan Type Date Rate
US 30 Year Fixed Rate 2023-09-14 7.18%
Jennings 30 Year Fixed Rate 2023-09-14 7.03%
Jennings 30 Year Fixed Rate Refi 2023-09-14 7.48%
Jennings 15 Year Fixed Rate 2023-09-14 6.31%
Jennings 15 Year Fixed Rate Refi 2023-09-14 6.71%
Jennings 30 Year FHA 2023-09-14 6.4%
Jennings 30 Year FHA Refi 2023-09-14 7.19%
Jennings 30 Year USDA 2023-09-14 6.98%
Jennings 30 Year USDA Refi 2023-09-14 6.98%
Jennings 30 Year VA 2023-09-14 6.81%
Jennings 30 Year VA Refi 2023-09-14 6.61%
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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
The Bank 17 6.41% $2,546
Citizens Bank 15 4.84% $3,856
GMFS LLC 12 5.06% $4,640
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 10 4.80% $4,279
DHI MORTGAGE COMPANY, LTD. 9 4.21% $3,138
UNITED WHOLESALE MORTGAGE, LLC 8 6.44% $5,818
FIDELITY BANK 7 5.41% $4,466
HOME POINT FINANCIAL CORPORATION 6 5.08% $4,601
QUICKEN LOANS, LLC 6 4.08% $7,889
Abbeville Building & Loan (A State-Chartered Savings Bank) 4 4.44% $4,628
NTFN, INC. 4 4.91% $5,759
CRESCENT MORTGAGE COMPANY 4 5.81% $4,363
Jeff Davis Bancshares 4 5.44% $1,733
AMERISAVE MORTGAGE CORPORATION 3 3.96% $5,477
JPMorgan Chase Bank 3 5.46% $2,849
Gateway First Bank 3 5.04% $6,724
CALIBER HOME LOANS, INC. 2 3.83% $3,355
Mr. Cooper ( Nationstar Mortgage ) 2 4.63% $5,677
Plains Commerce Bank 2 6.88% $6,875
NAVY FEDERAL CREDIT UNION 2 5.94% $5,839
The Evangeline Bank & Trust Company 1 5.00% $1,712
UNION HOME MORTGAGE CORP. 1 4.75% $7,386
VANDERBILT MORTGAGE AND FINANCE, INC. 1 7.50% $6,819
Wells Fargo Bank 1 5.88% $1,004
ATLANTA POSTAL 1 6.50% $4,060
Bank of England 1 3.75% $9,867
BROKER SOLUTIONS, INC. 1 6.00% $5,568
EUSTIS AND AMERICAN MORTGAGE COMPANY 1 4.38% $9,309
First Horizon Bank 1 5.25% $2,701
FREEDOM MORTGAGE CORPORATION 1 3.38% $4,600
GSF Mortgage Corporation 1 4.99% $13,814
LAKEVIEW LOAN SERVICING, LLC 1 4.93% $8,622
LOANDEPOT.COM, LLC 1 6.99% $6,005
MORTGAGE FINANCIAL SERVICES, LLC 1 4.38% $3,585
MOVEMENT MORTGAGE, LLC 1 3.75% $5,039
MUTUAL OF OMAHA MORTGAGE, INC. 1 6.50% $6,107
Nations Lending Corporation 1 5.99% $5,760
NATIONS RELIABLE LENDING, LLC 1 3.63% $5,027
NP, Inc. 1 5.25% $3,384
Pelican State Credit Union 1 4.40% $3,338
PENNYMAC LOAN SERVICES, LLC 1 6.38% $6,198
Red River Bank 1 4.88% $4,401
Sabine State Bank and Trust Company 1 5.00% $6,110

Jennings Average Closing Costs & Other Stats

Jennings, LA's 43 lenders originated 554 loans during 2022. The total origination value was $96,260,000, with an average loan value of $173,755.

Jennings's average closing costs are $4,937.

The top Jennings lender as defined by loan originations is The Bank, with 17 loans originated. Their average total fees are $2,546, which is $1,310 lower than the next largest lender, Citizens Bank.

The lowest fee Jennings lenders (with over 10 loans originated) are The Bank ($2,546), Citizens Bank ($3,856), FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($4,279), GMFS LLC ($4,640) and .

The lowest rate Jennings lenders (with over 10 loans originated) are FAIRWAY INDEPENDENT MORTGAGE CORPORATION (4.80%), Citizens Bank (4.84%), GMFS LLC (5.06%), The Bank (6.41%) and .

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 2021 Loan Value 2022 Loan Value % Change 2022 Market Share
The Bank $11,140,000 $18,370,000 64.9% 19.1%
DHI MORTGAGE COMPANY, LTD. $4,250,000 $9,140,000 115.1% 9.5%
GMFS LLC $5,415,000 $4,445,000 -17.9% 4.6%
Citizens Bank $7,680,000 $3,830,000 -50.1% 4.0%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $3,430,000 $3,655,000 6.6% 3.8%
UNITED WHOLESALE MORTGAGE, LLC $3,070,000 $3,520,000 14.7% 3.7%
FIDELITY BANK $4,890,000 $3,300,000 -32.5% 3.4%
Abbeville Building & Loan (A State-Chartered Savings Bank) $7,875,000 $2,855,000 -63.7% 3.0%
HOME POINT FINANCIAL CORPORATION $5,005,000 $2,855,000 -43.0% 3.0%
QUICKEN LOANS, LLC $11,035,000 $2,565,000 -76.8% 2.7%
NTFN, INC. $3,065,000 $2,540,000 -17.1% 2.6%
CALIBER HOME LOANS, INC. $1,115,000 $2,345,000 110.3% 2.4%
Jeff Davis Bancshares, Inc. $2,835,000 $2,255,000 -20.5% 2.3%
Mortgage Research Center, LLC $1,260,000 $2,125,000 68.7% 2.2%
21ST MORTGAGE CORPORATION $1,305,000 $1,570,000 20.3% 1.6%
Home Bank $1,295,000 $1,430,000 10.4% 1.5%
Nations Lending Corporation $1,990,000 $1,360,000 -31.7% 1.4%
PENNYMAC LOAN SERVICES, LLC $2,005,000 $1,355,000 -32.4% 1.4%
Flagstar Bank, FSB $275,000 $1,130,000 310.9% 1.2%
VANDERBILT MORTGAGE AND FINANCE, INC. $1,015,000 $1,090,000 7.4% 1.1%
NAVY FEDERAL CREDIT UNION $1,040,000 n/a 1.1%
CRESCENT MORTGAGE COMPANY $1,040,000 $1,020,000 -1.9% 1.1%
FREEDOM MORTGAGE CORPORATION $4,990,000 $1,020,000 -79.6% 1.1%
MORTGAGE FINANCIAL SERVICES, LLC $2,915,000 $900,000 -69.1% 0.9%
First Federal Bank of Louisiana $1,405,000 $875,000 -37.7% 0.9%
AMERICAN FINANCIAL RESOURCES, INC. $740,000 $850,000 14.9% 0.9%
AMERISAVE MORTGAGE CORPORATION $1,145,000 $815,000 -28.8% 0.8%
Rayne Building and Loan Association $755,000 n/a 0.8%
SOUTHWEST STAGE FUNDING, LLC $315,000 $715,000 127.0% 0.7%
EUSTIS AND AMERICAN MORTGAGE COMPANY $660,000 n/a 0.7%
Gateway First Bank $670,000 $635,000 -5.2% 0.7%
SOUTHWEST LOUISIANA CREDIT UNION $400,000 $635,000 58.8% 0.7%
Red River Bank $405,000 $615,000 51.9% 0.6%
CSL Financial, LLC $210,000 $590,000 181.0% 0.6%
First National Bank in DeRidder $125,000 $525,000 320.0% 0.5%
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $325,000 $495,000 52.3% 0.5%
Plains Commerce Bank $535,000 $475,000 -11.2% 0.5%
JPMorgan Chase Bank $1,055,000 $405,000 -61.6% 0.4%
DAS Acquisition Company, LLC $480,000 $400,000 -16.7% 0.4%
Sabine State Bank and Trust Company $160,000 $400,000 150.0% 0.4%
PLAZA HOME MORTGAGE, INC. $125,000 $390,000 212.0% 0.4%
AmeriHome Mortgage Company, LLC $355,000 n/a 0.4%
UNION HOME MORTGAGE CORP. $355,000 n/a 0.4%
CSE Federal Credit Union $585,000 $340,000 -41.9% 0.4%
Hancock Whitney Bank $930,000 $340,000 -63.4% 0.4%
LOANDEPOT.COM, LLC $2,330,000 $340,000 -85.4% 0.4%
RELIANCE FIRST CAPITAL, LLC $125,000 $340,000 172.0% 0.4%
The Evangeline Bank & Trust Company $1,745,000 $330,000 -81.1% 0.3%
Assurance Financial Group, L.L.C. $685,000 $325,000 -52.6% 0.3%
Bank of England $525,000 $305,000 -41.9% 0.3%
BROKER SOLUTIONS, INC. $115,000 $300,000 160.9% 0.3%
NATIONS RELIABLE LENDING, LLC $145,000 $300,000 106.9% 0.3%
GSF Mortgage Corporation $285,000 n/a 0.3%
First Guaranty Bank $890,000 $275,000 -69.1% 0.3%
NETWORK CAPITAL FUNDING CORPORATION $265,000 n/a 0.3%
NEW DAY FINANCIAL, LLC $200,000 $265,000 32.5% 0.3%
Washington State Bank $125,000 $265,000 112.0% 0.3%
Barrington Bank & Trust Company, N.A. $195,000 $255,000 30.8% 0.3%
Capital Bank $245,000 n/a 0.3%
MOVEMENT MORTGAGE, LLC $595,000 $245,000 -58.8% 0.3%
PRIMELENDING, A PLAINSCAPITAL COMPANY $125,000 $235,000 88.0% 0.2%
Truist $225,000 n/a 0.2%
Mr. Cooper ( Nationstar Mortgage ) $2,040,000 $220,000 -89.2% 0.2%
ROYAL UNITED MORTGAGE LLC $180,000 $210,000 16.7% 0.2%
First Horizon Bank $495,000 $205,000 -58.6% 0.2%
FIRST COMMUNITY MORTGAGE, INC. $195,000 n/a 0.2%
EVERETT FINANCIAL, INC. $205,000 $185,000 -9.8% 0.2%
LAKEVIEW LOAN SERVICING, LLC $470,000 $175,000 -62.8% 0.2%
MUTUAL OF OMAHA MORTGAGE, INC. $170,000 n/a 0.2%
Wells Fargo Bank $1,835,000 $170,000 -90.7% 0.2%
Equity Prime Mortgage LLC $165,000 n/a 0.2%
MORTGAGE SOLUTIONS OF COLORADO, LLC $155,000 n/a 0.2%
NP, Inc. $145,000 n/a 0.2%
AMWEST FUNDING CORP. $135,000 n/a 0.1%
COUNTRYPLACE MORTGAGE, LTD. $95,000 $135,000 42.1% 0.1%
CREDIT HUMAN FEDERAL CREDIT UNION $75,000 $135,000 80.0% 0.1%
CROSSCOUNTRY MORTGAGE, LLC $135,000 n/a 0.1%
EMBRACE HOME LOANS, INC. $125,000 n/a 0.1%
AMERICAN INTERNET MORTGAGE, INC. $115,000 n/a 0.1%
NEWREZ LLC $505,000 $115,000 -77.2% 0.1%
MID AMERICA MORTGAGE, INC. $1,070,000 $105,000 -90.2% 0.1%
Pelican State Credit Union $85,000 $105,000 23.5% 0.1%
AMERICAN FINANCING CORPORATION $95,000 n/a 0.1%
Investar Bank $310,000 $95,000 -69.4% 0.1%
TRIAD FINANCIAL SERVICES, INC. $500,000 $95,000 -81.0% 0.1%
ATLANTA POSTAL $75,000 n/a 0.1%
Lakeside Bank $70,000 n/a 0.1%
Home Loan Investment Bank, F.S.B. $50,000 n/a 0.1%
b1BANK $565,000 $45,000 -92.0% 0.0%
Farmers-Merchants Bank & Trust Company $65,000 $35,000 -46.2% 0.0%

Jennings's top lender by overall market share is The Bank, with 19.1% market share. In second place, with 9.5%, is DHI MORTGAGE COMPANY, LTD., having originated $9,140,000 in loans. In third place, with 4.6%, is GMFS LLC, having originated $4,445,000 in loans. In fourth place, with 4.0%, is Citizens Bank, having originated $3,830,000 in loans. In fifth place, with 3.8%, is FAIRWAY INDEPENDENT MORTGAGE CORPORATION, having originated $3,655,000 in loans.

Jennings, LA Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 355 $66,115,000 $186,239
Refi 119 $20,485,000 $172,143
Cash Out Refi 53 $7,705,000 $145,377
Home Improvement 18 $1,200,000 $66,667
Other 9 $755,000 $83,889

Jennings's most frequently cited loan purpose was Home Purchase, with 355 originations. The 2nd most popular reason was Refi, with 119 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
5-6% 145 $25,135,000 $173,345
4-5% 107 $22,565,000 $210,888
6-7% 99 $14,885,000 $150,354
3-4% 94 $20,300,000 $215,957
7-8% 42 $4,830,000 $115,000
Over 8% 24 $2,100,000 $87,500
2.5-3% 19 $2,785,000 $146,579
<2.5% 4 $750,000 $187,500

During 2022, Jennings's most frequently originated rate bucket was 5-6%, with 145 originations.

Loan Sizing (Jennings, LA MSA)

Loan Size Originations Total Value Average Loan
$100k-200k 203 $29,715,000 $146,379
$200k-400k 190 $50,690,000 $266,789
$100,000 or less 148 $8,880,000 $60,000
$400k-600k 11 $5,305,000 $482,273
$600k-1000k 2 $1,670,000 $835,000

Jennings's loan sizing saw the bucket of loans from $100k-200k with 203 originations, totaling $29,715,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 291 $59,925,000 $205,928
60-80% 132 $20,720,000 $156,970
40-60% 49 $6,075,000 $123,980
20-40% 24 $1,640,000 $68,333
Over 100% 18 $4,000,000 $222,222
Under 20% 13 $365,000 $28,077

Jennings's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 291 originations, totaling $59,925,000 in origination value.