LAKE CHARLES Mortgage Rates

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

30 Year Fixed Rate mortgages in Lake Charles averaged 5.59% for the week of 2022-05-12, compared to the national average of 5.3% for the same period.

The average rate for the prior week (2022-05-05) was 5.56% and one month ago for the week of 2022-04-07, the average rate was 4.81%.

Lake Charles's average rate one year ago was 3.2%.

For refis of the same type during the week of 2022-05-12, the average rate was 5.36%.

Loan Type Date Rate
US 30 Year Fixed Rate 2022-05-12 5.3%
Lake Charles 30 Year Fixed Rate 2022-05-12 5.59%
Lake Charles 30 Year Fixed Rate Refi 2022-05-12 5.36%
Lake Charles 15 Year Fixed Rate 2022-05-12 5.5%
Lake Charles 15 Year Fixed Rate Refi 2022-05-12 4.73%
Lake Charles 30 Year FHA 2022-05-12 5.62%
Lake Charles 30 Year FHA Refi 2022-05-12 5.27%
Lake Charles 30 Year USDA 2022-05-12 5.5%
Lake Charles 30 Year USDA Refi 2022-05-12 5.38%
Lake Charles 30 Year VA 2022-05-12 5.52%
Lake Charles 30 Year VA Refi 2022-05-12 5.31%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within LAKE CHARLES, LA.

LAKE CHARLES 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 LAKE CHARLES, 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
Citizens Bank 169 2.95% $3,561
FIDELITY BANK 166 3.17% $4,175
QUICKEN LOANS, LLC 146 3.11% $5,371
NTFN, INC. 134 3.13% $4,069
GMFS LLC 133 3.02% $3,456
UNITED WHOLESALE MORTGAGE, LLC 103 3.16% $4,525
DHI MORTGAGE COMPANY, LTD. 78 2.99% $3,286
HOME POINT FINANCIAL CORPORATION 74 3.04% $4,534
LOANDEPOT.COM, LLC 69 3.17% $4,382
DSLD MORTGAGE, LLC 67 3.09% $259
JPMorgan Chase Bank 53 3.24% $1,986
CALIBER HOME LOANS, INC. 53 3.32% $4,067
First Horizon Bank 52 3.08% $3,669
CRESCENT MORTGAGE COMPANY 49 3.04% $4,856
Wells Fargo Bank 35 3.23% $3,449
Gateway First Bank 34 2.99% $4,747
MORTGAGE FINANCIAL SERVICES, LLC 28 3.20% $5,262
PENNYMAC LOAN SERVICES, LLC 23 3.17% $4,976
Hancock Whitney Bank 22 2.96% $4,305
THE MORTGAGE FIRM, INC. 21 3.18% $3,885
NATIONS RELIABLE LENDING, LLC 21 3.30% $5,175
Plains Commerce Bank 20 3.13% $5,256
FREEDOM MORTGAGE CORPORATION 19 3.05% $2,994
The Evangeline Bank & Trust Company 15 4.93% $2,367
Mr. Cooper ( Nationstar Mortgage ) 15 3.35% $4,444
DAS Acquisition Company, LLC 14 3.44% $4,652
AMERISAVE MORTGAGE CORPORATION 14 2.81% $5,130
Nations Lending Corporation 13 3.23% $4,553
BETTER MORTGAGE CORPORATION 11 2.95% $3,334
NEWREZ LLC 10 3.10% $3,835
Jeff Davis Bancshares, Inc. 10 4.34% $1,605
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 10 2.95% $5,296
Red River Bank 10 2.90% $3,632
Merchants Bank of Indiana 9 3.01% $5,504
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 8 3.01% $3,789
Flagstar Bank, FSB 7 3.34% $4,276
BancorpSouth Bank 7 3.30% $4,360
Sabine State Bank and Trust Company 6 3.08% $5,053
Assurance Financial Group, L.L.C. 6 3.27% $4,163
Sierra Pacific Mortgage Company, Inc. 5 3.20% $4,152
STANDARD MORTGAGE CORPORATION 5 2.93% $3,044
Bank of America 5 2.63% $6,973
GUILD MORTGAGE COMPANY 4 3.22% $4,380
U.S. Bank 4 3.31% $9,151
PREMIA MORTGAGE, LLC 4 2.81% $966
Regions Bank 4 3.03% $6,462
EUSTIS AND AMERICAN MORTGAGE COMPANY 4 3.22% $5,377
Abbeville Building & Loan (A State-Chartered Savings Bank) 4 2.78% $4,010
Pelican State Credit Union 4 4.24% $3,204
The Bank 3 5.33% $2,484
Republic State Mortgage Co. 3 3.00% $6,923
MOVEMENT MORTGAGE, LLC 3 3.21% $3,457
SOUTHWEST LOUISIANA CREDIT UNION 3 3.42% $4,887
Carrington Mortgage Services, LLC 3 4.54% $7,951
BROKER SOLUTIONS, INC. 3 3.21% $3,382
First Home Bank 3 2.95% $4,872
Colonial Savings, F.A. 3 3.25% $4,392
AMERICAN FINANCING CORPORATION 3 2.87% $3,329
The Federal Savings Bank 3 3.21% $4,759
ZILLOW HOME LOANS, LLC 3 2.96% $3,170
InterContinental Capital Group, Inc 3 3.25% $4,475
Mortgage Research Center, LLC 3 2.92% $2,175
HOMEBRIDGE FINANCIAL SERVICES, INC. 3 3.13% $6,193
First Savings Bank 2 3.38% $10,296
Ally Bank 2 3.31% $4,270
AmeriHome Mortgage Company, LLC 2 3.69% $3,633
Campus Federal Credit Union 2 2.75% $5,906
Chickasaw Community Bank 2 3.56% $5,626
21ST MORTGAGE CORPORATION 2 4.88% $6,681
Goldwater Bank, N.A. 2 2.81% $6,256
GSF Mortgage Corporation 2 3.44% $6,569
GUARANTEED RATE, INC. 2 2.81% $4,026
MID AMERICA MORTGAGE, INC. 2 3.44% $5,052
NAVY FEDERAL CREDIT UNION 2 3.75% $4,903
NBKC BANK 2 3.56% $1,577
Quontic Bank 2 4.56% $6,839
RELIANCE FIRST CAPITAL, LLC 2 4.38% $7,695
ROYAL UNITED MORTGAGE LLC 2 3.19% $7,155
Truity Federal Credit Union 2 2.69% $6,906
HOMESTEAD FUNDING CORP. 1 3.00% $3,989
HOMESPIRE MORTGAGE CORPORATION 1 3.13% $4,358
HOMESIDE FINANCIAL, LLC 1 3.12% $4,381
Great Southern Bank 1 3.34% $4,401
Florida Capital Bank 1 3.00% $13,565
ANECA Federal Credit Union 1 3.25% $5,564
USAA Federal Savings Bank 1 2.88% $2,164
Network Funding, L.P. 1 4.38% $3,609
First Internet Bank of Indiana 1 2.63% $2,475
Notre Dame Federal Credit Union Corporation 1 3.00% $4,572
N R L Federal Credit Union 1 3.00% $3,707
First Guaranty Mortgage Corporation 1 2.75% $2,080
OPEN MORTGAGE, LLC 1 3.38% $3,720
Origin Bank 1 3.88% $4,360
First Federal Bank 1 2.88% $7,167
FirstBank 1 2.75% $1,831
PHH Mortgage Corporation 1 3.25% $8,187
FINANCE OF AMERICA MORTGAGE LLC 1 2.99% $3,527
PNC Bank 1 2.88% $3,890
EVERETT FINANCIAL, INC. 1 3.25% $3,579
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 2.63% $5,040
Priority Bank 1 2.88% $6,002
ENCORE BANK 1 2.75% $5,611
AMERICAN INTERNET MORTGAGE, INC. 1 2.88% $4,411
Eagle Bank and Trust Company 1 2.75% $2,621
CROSSCOUNTRY MORTGAGE, LLC 1 3.38% $3,120
AMERICAN FINANCIAL RESOURCES, INC. 1 3.99% $2,926
City Bank 1 3.25% $3,354
Wyndham Capital Mortgage, Inc. 1 3.13% $3,163
Citibank 1 2.75% $3,481
CHURCHILL MORTGAGE CORPORATION 1 2.88% $4,526
SKYONE Federal Credit Union 1 3.25% $4,889
SOUTHWEST FUNDING, LP 1 4.00% $4,485
Chicago Mortgage Solutions LLC 1 3.13% $1,884
Beeline Loans, Inc. 1 2.88% $2,170
STEARNS LENDING, LLC 1 3.88% $2,562
Bank of England 1 2.88% $4,639
AUSTIN TELCO Federal Credit Union 1 3.00% $4,562
Arvest Bank 1 3.25% $2,447
ANGEL OAK MORTGAGE SOLUTIONS LLC 1 6.25% $6,744
THRIVE MORTGAGE, LLC 1 2.88% $4,388
Toyota Financial Savings Bank 1 3.13% $4,989
ACOPIA, LLC 1 3.13% $3,649
UBS Bank USA 1 2.50% $4,977
Lakeview Community Capital, LLC 1 3.63% $1,408
LAKEVIEW LOAN SERVICING, LLC 1 3.50% $5,873
KEESLER 1 3.00% $3,651
JEFFERSON FINANCIAL 1 3.25% $3,058
UNION HOME MORTGAGE CORP. 1 3.13% $3,890
Morgan Stanley Private Bank 1 2.20% $8,062
Independent Bank 1 3.38% $4,459

LAKE CHARLES, LA's 130 lenders originated 6,262 loans during 2021. The total origination value was $1,372,550,000, with an average loan value of $219,187.

The top LAKE CHARLES lender as defined by loan originations is Citizens Bank, with 169 loans originated. Their average total fees are $3,561, which is $614 lower than the next largest lender, FIDELITY BANK.

The lowest fee LAKE CHARLES lenders (with over 10 loans originated) are DSLD MORTGAGE, LLC ($259), Jeff Davis Bancshares, Inc. ($1,605), JPMorgan Chase Bank ($1,986), The Evangeline Bank & Trust Company ($2,367) and FREEDOM MORTGAGE CORPORATION ($2,994).

The lowest rate LAKE CHARLES lenders (with over 10 loans originated) are AMERISAVE MORTGAGE CORPORATION (2.81%), Red River Bank (2.90%), CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP (2.95%), Citizens Bank (2.95%) and BETTER MORTGAGE CORPORATION (2.95%).

LAKE CHARLES, 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
QUICKEN LOANS, LLC $61,600,000 $72,320,000 17.4% 5.3%
NTFN, INC. $51,235,000 $63,165,000 23.3% 4.6%
Citizens Bank $36,330,000 $62,080,000 70.9% 4.5%
GMFS LLC $54,900,000 $61,975,000 12.9% 4.5%
FIDELITY BANK $46,850,000 $60,080,000 28.2% 4.4%
First Federal Bank of Louisiana $50,250,000 $59,770,000 18.9% 4.4%
FREEDOM MORTGAGE CORPORATION $68,175,000 $57,690,000 -15.4% 4.2%
UNITED WHOLESALE MORTGAGE, LLC $36,280,000 $50,490,000 39.2% 3.7%
DHI MORTGAGE COMPANY, LTD. $33,575,000 $47,295,000 40.9% 3.4%
LOANDEPOT.COM, LLC $26,845,000 $42,300,000 57.6% 3.1%
CALIBER HOME LOANS, INC. $22,295,000 $36,485,000 63.6% 2.7%
HOME POINT FINANCIAL CORPORATION $19,150,000 $35,490,000 85.3% 2.6%
WALKER & DUNLOP, LLC $34,955,000 n/a 2.5%
Sabine State Bank and Trust Company $49,725,000 $34,855,000 -29.9% 2.5%
DSLD MORTGAGE, LLC $25,095,000 $29,510,000 17.6% 2.2%
The Evangeline Bank & Trust Company $13,525,000 $29,090,000 115.1% 2.1%
First Horizon Bank $28,290,000 n/a 2.1%
First Guaranty Bank $2,245,000 $23,585,000 950.6% 1.7%
MORTGAGE FINANCIAL SERVICES, LLC $12,665,000 $20,715,000 63.6% 1.5%
Lakeside Bank $6,815,000 $19,530,000 186.6% 1.4%
JPMorgan Chase Bank $33,495,000 $18,980,000 -43.3% 1.4%
CRESCENT MORTGAGE COMPANY $20,250,000 $18,335,000 -9.5% 1.3%
21ST MORTGAGE CORPORATION $7,560,000 $17,615,000 133.0% 1.3%
PENNYMAC LOAN SERVICES, LLC $14,530,000 $16,440,000 13.1% 1.2%
UBS Bank USA $15,550,000 n/a 1.1%
Jeff Davis Bancshares, Inc. $20,670,000 $15,125,000 -26.8% 1.1%
Red River Bank $14,960,000 $14,700,000 -1.7% 1.1%
GUILD MORTGAGE COMPANY $7,500,000 $14,360,000 91.5% 1.0%
Mortgage Research Center, LLC $8,780,000 $14,305,000 62.9% 1.0%
Wells Fargo Bank $19,215,000 $14,185,000 -26.2% 1.0%
Hancock Whitney Bank $17,965,000 $13,800,000 -23.2% 1.0%
b1BANK $27,805,000 $13,300,000 -52.2% 1.0%
Gateway First Bank $4,820,000 $13,130,000 172.4% 1.0%
NATIONS RELIABLE LENDING, LLC $515,000 $11,020,000 2,039.8% 0.8%
BancorpSouth Bank $10,695,000 $10,785,000 0.8% 0.8%
THE MORTGAGE FIRM, INC. $175,000 $10,785,000 6,062.9% 0.8%
CSE Federal Credit Union $18,705,000 $9,890,000 -47.1% 0.7%
Plains Commerce Bank $4,680,000 $9,535,000 103.7% 0.7%
Mr. Cooper ( Nationstar Mortgage ) $15,205,000 $9,310,000 -38.8% 0.7%
Nations Lending Corporation $7,315,000 $8,780,000 20.0% 0.6%
Merchants & Farmers Bank & Trust Company $6,045,000 $8,735,000 44.5% 0.6%
LAKEVIEW LOAN SERVICING, LLC $5,460,000 $8,435,000 54.5% 0.6%
DAS Acquisition Company, LLC $6,435,000 $7,230,000 12.4% 0.5%
SOUTHWEST LOUISIANA CREDIT UNION $3,315,000 $6,980,000 110.6% 0.5%
First National Bank in DeRidder $8,780,000 $6,665,000 -24.1% 0.5%
VANDERBILT MORTGAGE AND FINANCE, INC. $4,210,000 $6,615,000 57.1% 0.5%
TRIAD FINANCIAL SERVICES, INC. $905,000 $6,475,000 615.5% 0.5%
Regions Bank $2,935,000 $6,465,000 120.3% 0.5%
AMERISAVE MORTGAGE CORPORATION $4,765,000 $6,175,000 29.6% 0.4%
BETTER MORTGAGE CORPORATION $2,505,000 $6,050,000 141.5% 0.4%
The Bank $3,415,000 $5,785,000 69.4% 0.4%
NEWREZ LLC $3,565,000 $5,340,000 49.8% 0.4%
Merchants Bank of Indiana $17,880,000 $4,450,000 -75.1% 0.3%
MID AMERICA MORTGAGE, INC. $5,020,000 $4,185,000 -16.6% 0.3%
U.S. Bank $4,920,000 $4,110,000 -16.5% 0.3%
Flagstar Bank, FSB $5,685,000 $3,925,000 -31.0% 0.3%
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $5,665,000 $3,605,000 -36.4% 0.3%
VILLAGE CAPITAL & INVESTMENT LLC $3,350,000 $3,455,000 3.1% 0.3%
AMERICAN FINANCIAL RESOURCES, INC. $1,435,000 $3,405,000 137.3% 0.2%
USAA Federal Savings Bank $5,125,000 $3,295,000 -35.7% 0.2%
Carrington Mortgage Services, LLC $1,210,000 $3,110,000 157.0% 0.2%
Investar Bank $2,010,000 $3,010,000 49.8% 0.2%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $2,080,000 $2,800,000 34.6% 0.2%
Assurance Financial Group, L.L.C. $1,775,000 $2,720,000 53.2% 0.2%
EUSTIS AND AMERICAN MORTGAGE COMPANY $5,495,000 $2,680,000 -51.2% 0.2%
NAVY FEDERAL CREDIT UNION $3,315,000 $2,610,000 -21.3% 0.2%
Chickasaw Community Bank $14,245,000 $2,520,000 -82.3% 0.2%
Community Bank of Louisiana $2,515,000 n/a 0.2%
LENDINGONE, LLC $2,455,000 n/a 0.2%
HOMEBRIDGE FINANCIAL SERVICES, INC. $7,180,000 $2,270,000 -68.4% 0.2%
Morgan Stanley Private Bank $2,270,000 n/a 0.2%
AmeriHome Mortgage Company, LLC $2,360,000 $2,260,000 -4.2% 0.2%
Colonial Savings, F.A. $2,870,000 $2,175,000 -24.2% 0.2%
CSL Financial, LLC $965,000 $2,145,000 122.3% 0.2%
PREMIA MORTGAGE, LLC $310,000 $2,050,000 561.3% 0.1%
NEW DAY FINANCIAL, LLC $1,745,000 $1,820,000 4.3% 0.1%
Pelican State Credit Union $1,975,000 $1,805,000 -8.6% 0.1%
The Federal Savings Bank $1,585,000 $1,760,000 11.0% 0.1%
InterContinental Capital Group, Inc $500,000 $1,690,000 238.0% 0.1%
MOVEMENT MORTGAGE, LLC $1,640,000 $1,675,000 2.1% 0.1%
Abbeville Building & Loan (A State-Chartered Savings Bank) $1,590,000 n/a 0.1%
CLEARPATH LENDING $4,560,000 $1,575,000 -65.5% 0.1%
BRIGHTSTAR $1,565,000 n/a 0.1%
AMERICAN FINANCIAL NETWORK, INC. $2,750,000 $1,520,000 -44.7% 0.1%
PRIMARY RESIDENTIAL MORTGAGE, INC. $855,000 $1,510,000 76.6% 0.1%
LIMA ONE CAPITAL, LLC $390,000 $1,490,000 282.1% 0.1%
NBKC BANK $690,000 $1,470,000 113.0% 0.1%
AMCAP MORTGAGE, LTD. $340,000 $1,425,000 319.1% 0.1%
Bank of America $1,440,000 $1,400,000 -2.8% 0.1%
PLAZA HOME MORTGAGE, INC. $105,000 $1,320,000 1,157.1% 0.1%
First Home Bank $245,000 $1,315,000 436.7% 0.1%
Republic State Mortgage Co. $255,000 $1,215,000 376.5% 0.1%
Sierra Pacific Mortgage Company, Inc. $1,625,000 $1,170,000 -28.0% 0.1%
First Guaranty Mortgage Corporation $2,215,000 $1,165,000 -47.4% 0.1%
Lakeview Community Capital, LLC $1,150,000 n/a 0.1%
First Savings Bank $1,115,000 n/a 0.1%
Citizens National Bank, N.A. $1,040,000 n/a 0.1%
CREDIT HUMAN FEDERAL CREDIT UNION $1,295,000 $1,035,000 -20.1% 0.1%
PRIMELENDING, A PLAINSCAPITAL COMPANY $790,000 $995,000 25.9% 0.1%
MUTUAL OF OMAHA MORTGAGE, INC. $615,000 $990,000 61.0% 0.1%
Farmers-Merchants Bank & Trust Company $120,000 $965,000 704.2% 0.1%
AMERICAN INTERNET MORTGAGE, INC. $595,000 $955,000 60.5% 0.1%
Hometown Equity Mortgage, LLC $950,000 n/a 0.1%
STEARNS LENDING, LLC $1,270,000 $920,000 -27.6% 0.1%
Reliant Bank $885,000 $905,000 2.3% 0.1%
GSF Mortgage Corporation $880,000 n/a 0.1%
NP, Inc. $450,000 $880,000 95.6% 0.1%
Florida Capital Bank $565,000 $875,000 54.9% 0.1%
SOUTHWEST STAGE FUNDING, LLC $1,240,000 $850,000 -31.5% 0.1%
ZILLOW HOME LOANS, LLC $530,000 $850,000 60.4% 0.1%
STANDARD MORTGAGE CORPORATION $2,415,000 $830,000 -65.6% 0.1%
AMERICAN FINANCING CORPORATION $820,000 n/a 0.1%
HOMESIDE FINANCIAL, LLC $460,000 $790,000 71.7% 0.1%
Barrington Bank & Trust Company, N.A. $1,020,000 $715,000 -29.9% 0.1%
COUNTRYPLACE MORTGAGE, LTD. $65,000 $710,000 992.3% 0.1%
FINANCE OF AMERICA COMMERCIAL LLC $135,000 $710,000 425.9% 0.1%
Ally Bank $245,000 $680,000 177.6% 0.0%
Chicago Mortgage Solutions LLC $1,270,000 $665,000 -47.6% 0.0%
RELIANCE FIRST CAPITAL, LLC $970,000 $665,000 -31.4% 0.0%
Citizens Bank & Trust Company of Vivian, Louisiana $125,000 $660,000 428.0% 0.0%
Truity Federal Credit Union $735,000 $660,000 -10.2% 0.0%
BROKER SOLUTIONS, INC. $1,600,000 $645,000 -59.7% 0.0%
Goldwater Bank, N.A. $10,425,000 $610,000 -94.1% 0.0%
City Bank $580,000 n/a 0.0%
Secured Investment Corp. $85,000 $580,000 582.4% 0.0%
AUSTIN TELCO Federal Credit Union $545,000 n/a 0.0%
Great Southern Bank $535,000 n/a 0.0%
ROYAL UNITED MORTGAGE LLC $180,000 $535,000 197.2% 0.0%
Bank of England $510,000 $530,000 3.9% 0.0%
UNITED BUILT HOMES, L.L.C. $530,000 n/a 0.0%
Independent Bank $525,000 n/a 0.0%
Home Bank $2,165,000 $515,000 -76.2% 0.0%
BankPlus $505,000 n/a 0.0%
CHURCHILL MORTGAGE CORPORATION $435,000 $505,000 16.1% 0.0%
Citizens National Bank of Texas $505,000 n/a 0.0%
EVERETT FINANCIAL, INC. $505,000 n/a 0.0%
SOUTHWEST FUNDING, LP $155,000 $505,000 225.8% 0.0%
Texas Bank $485,000 n/a 0.0%
PHH Mortgage Corporation $115,000 $480,000 317.4% 0.0%
Priority Bank $490,000 $480,000 -2.0% 0.0%
Strong Home Mortgage, LLC $465,000 n/a 0.0%
Wyndham Capital Mortgage, Inc. $1,605,000 $460,000 -71.3% 0.0%
PNC Bank $285,000 $440,000 54.4% 0.0%
FINANCE OF AMERICA MORTGAGE LLC $435,000 n/a 0.0%
Origin Bank $2,560,000 $430,000 -83.2% 0.0%
Quontic Bank $430,000 n/a 0.0%
Washington State Bank $845,000 $425,000 -49.7% 0.0%
RED RIVER EMPLOYEES $195,000 $420,000 115.4% 0.0%
Low VA Rates, LLC $595,000 $415,000 -30.3% 0.0%
First Internet Bank of Indiana $405,000 n/a 0.0%
Campus Federal Credit Union $85,000 $400,000 370.6% 0.0%
SUN WEST MORTGAGE COMPANY, INC. $290,000 $395,000 36.2% 0.0%
ANGEL OAK MORTGAGE SOLUTIONS LLC $385,000 n/a 0.0%
TIB The Independent Bankersbank $385,000 n/a 0.0%
Toyota Financial Savings Bank $385,000 n/a 0.0%
HOMESTEAD FUNDING CORP. $375,000 n/a 0.0%
CROSSCOUNTRY MORTGAGE, LLC $265,000 $370,000 39.6% 0.0%
BECKAM FUNDING CORP. $195,000 $360,000 84.6% 0.0%
FirstBank $335,000 n/a 0.0%
MICHIGAN MUTUAL, INC. $345,000 $335,000 -2.9% 0.0%
NATIONWIDE MORTGAGE BANKERS, INC. $335,000 n/a 0.0%
GENEVA FINANCIAL, LLC $325,000 n/a 0.0%
JEFFERSON FINANCIAL $245,000 $325,000 32.7% 0.0%
RUOFF MORTGAGE COMPANY, INC. $325,000 n/a 0.0%
PLANET HOME LENDING, LLC $270,000 $320,000 18.5% 0.0%
Magnolia Bank $535,000 $315,000 -41.1% 0.0%
Hometown Lenders, Inc. $295,000 $310,000 5.1% 0.0%
THRIVE MORTGAGE, LLC $305,000 n/a 0.0%
ACADEMY MORTGAGE CORPORATION $295,000 n/a 0.0%
ANECA Federal Credit Union $295,000 n/a 0.0%
LENDERFI, INC. $295,000 n/a 0.0%
PENTAGON FEDERAL CREDIT UNION $295,000 n/a 0.0%
BARKSDALE $235,000 $290,000 23.4% 0.0%
GUARANTEED RATE, INC. $195,000 $290,000 48.7% 0.0%
The First, A National Banking Association $275,000 n/a 0.0%
Paramount Bank $265,000 n/a 0.0%
SUPERIOR CHOICE $110,000 $260,000 136.4% 0.0%
KEESLER $255,000 n/a 0.0%
Beeline Loans, Inc. $245,000 n/a 0.0%
NATIONS DIRECT MORTGAGE, LLC $175,000 $245,000 40.0% 0.0%
Figure Lending LLC $45,000 $240,000 433.3% 0.0%
AMERICAN HOMESTAR MORTGAGE, L.L.C. $235,000 n/a 0.0%
SKYONE Federal Credit Union $235,000 n/a 0.0%
SOVEREIGN LENDING GROUP INCORPORATED $1,375,000 $235,000 -82.9% 0.0%
EMBRACE HOME LOANS, INC. $620,000 $225,000 -63.7% 0.0%
ADVANCIAL $215,000 n/a 0.0%
Community First National Bank $215,000 n/a 0.0%
EASTMAN $215,000 n/a 0.0%
Rayne State Bank & Trust Company $215,000 n/a 0.0%
Community First Bank $205,000 n/a 0.0%
Gulf Coast Bank and Trust Company $400,000 $205,000 -48.8% 0.0%
HOMELAND BANCSHARES, INC. $205,000 n/a 0.0%
Manufacturers and Traders Trust Company $65,000 $200,000 207.7% 0.0%
First Federal Bank $155,000 $195,000 25.8% 0.0%
MEMBER HOME LOAN, L.L.C. $350,000 $195,000 -44.3% 0.0%
UNION HOME MORTGAGE CORP. $195,000 n/a 0.0%
Network Funding, L.P. $185,000 $185,000 0.0% 0.0%
OCEANSIDE MORTGAGE COMPANY $365,000 $185,000 -49.3% 0.0%
DOMINION FINANCIAL SERVICES, LLC $175,000 n/a 0.0%
ENCORE BANK $175,000 n/a 0.0%
N R L Federal Credit Union $175,000 n/a 0.0%
SOFI LENDING CORP. $655,000 $175,000 -73.3% 0.0%
BAYSHORE MORTGAGE FUNDING, LLC $275,000 $165,000 -40.0% 0.0%
CHEVRON $265,000 $165,000 -37.7% 0.0%
ENVOY MORTGAGE, LTD $165,000 n/a 0.0%
Evolve Bank & Trust $165,000 n/a 0.0%
North American Savings Bank, F.S.B. $430,000 $165,000 -61.6% 0.0%
Notre Dame Federal Credit Union Corporation $165,000 n/a 0.0%
Southside Bank $165,000 n/a 0.0%
Austin Capital Bank SSB $155,000 n/a 0.0%
Eagle Bank and Trust Company $155,000 n/a 0.0%
Bank of Zachary $145,000 n/a 0.0%
CIS Financial Services, Inc. $145,000 n/a 0.0%
Citibank $480,000 $145,000 -69.8% 0.0%
FEDEX EMPLOYEES CREDIT ASSOCIATION $135,000 n/a 0.0%
HOMESPIRE MORTGAGE CORPORATION $135,000 n/a 0.0%
AMERICAN ADVISORS GROUP $640,000 $130,000 -79.7% 0.0%
First Financial Bank $125,000 n/a 0.0%
Discover Bank $225,000 $120,000 -46.7% 0.0%
SPRING EQ, LLC $115,000 n/a 0.0%
ACOPIA, LLC $105,000 n/a 0.0%
Signature Federal Credit Union $105,000 n/a 0.0%
Bank of Erath $95,000 n/a 0.0%
VELOCITY COMMERCIAL CAPITAL, LLC $95,000 n/a 0.0%
Home Loan Investment Bank, F.S.B. $15,000 $90,000 500.0% 0.0%
Arvest Bank $505,000 $85,000 -83.2% 0.0%
LONGBRIDGE FINANCIAL, LLC $85,000 n/a 0.0%
OPEN MORTGAGE, LLC $85,000 n/a 0.0%
Texas First Bank $75,000 n/a 0.0%
Gulf Coast Bank $65,000 n/a 0.0%
The Cottonport Bank $65,000 n/a 0.0%
First National Bank $45,000 n/a 0.0%
Peoples Bank & Trust Company of Pointe Coupee Parish, Inc $75,000 $45,000 -40.0% 0.0%
1st Franklin Financial Corporation $25,000 n/a 0.0%

LAKE CHARLES's top lender by overall market share is QUICKEN LOANS, LLC, with 5.3% market share. In second place, with 4.6%, is NTFN, INC., having originated $63,165,000 in loans. In third place, with 4.5%, is Citizens Bank, having originated $62,080,000 in loans. In third place, with 4.5%, is GMFS LLC, having originated $61,975,000 in loans. In third place, with 4.4%, is FIDELITY BANK, having originated $60,080,000 in loans.


LAKE CHARLES, LA Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 3,486 $755,220,000 $216,644
Refi 2,075 $487,985,000 $235,173
Cash Out Refi 542 $109,880,000 $202,731
Home Improvement 91 $10,955,000 $120,385
Other 68 $8,510,000 $125,147

Lake Charles's most frequently cited loan purpose was Home Purchase, with 3,486 originations. The 2nd most popular reason was Refi, with 2,075 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
2.5-3% 2,156 $498,520,000 $231,224
3-4% 1,778 $424,470,000 $238,735
<2.5% 887 $191,795,000 $216,229
4-5% 398 $62,700,000 $157,538
Over 8% 194 $15,640,000 $80,619
5-6% 191 $28,405,000 $148,717
6-7% 128 $12,500,000 $97,656
7-8% 119 $9,445,000 $79,370

During 2021, Lake Charles's most frequently originated rate bucket was 2.5-3%, with 2,156 originations.

Loan Sizing (LAKE CHARLES, LA MSA)

Loan Size Originations Total Value Average Loan
$100k-200k 2,492 $383,700,000 $153,973
$200k-400k 2,433 $628,455,000 $258,305
$100,000 or less 1,045 $68,085,000 $65,153
$400k-600k 195 $92,405,000 $473,872
$600k-1000k 60 $43,550,000 $725,833
$Over $1MM 37 $156,355,000 $4,225,811

LAKE CHARLES's loan sizing saw the bucket of loans from $100k-200k with 2,492 originations, totaling $383,700,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 3,110 $650,160,000 $209,055
60-80% 1,514 $369,120,000 $243,804
40-60% 506 $84,030,000 $166,067
20-40% 203 $46,475,000 $228,941
Over 100% 119 $27,375,000 $230,042
Under 20% 61 $5,155,000 $84,508

LAKE CHARLES's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 3,110 originations, totaling $650,160,000 in origination value.