LAKE CHARLES Mortgage Rates & Closing Costs
30yr Fixed Rate
15yr Fixed Rate
FHA
USDA
VA
5/1 ARM
30 Year Fixed Rate mortgages in Lake Charles averaged
6.93%
for the week of 2023-11-22, compared to the national average of
7.29% for the same period.
The average rate for the prior week (2023-11-16) was
7.28% and
one month ago for the week of 2023-10-19, the
average rate was 7.47%.
Lake Charles's average rate one year ago was 6.15%.
For refis of the same type during the week of 2023-11-22, the average rate
was 6.73%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2023-11-22 | 7.29% |
| Lake Charles 30 Year Fixed Rate | 2023-11-22 | 6.93% |
| Lake Charles 30 Year Fixed Rate Refi | 2023-11-22 | 6.73% |
| Lake Charles 15 Year Fixed Rate | 2023-11-22 | 6.98% |
| Lake Charles 15 Year Fixed Rate Refi | 2023-11-22 | 6.23% |
| Lake Charles 30 Year FHA | 2023-11-22 | -0.82% |
| Lake Charles 30 Year FHA Refi | 2023-11-22 | 0.1% |
| Lake Charles 30 Year USDA | 2023-11-22 | -0.44% |
| Lake Charles 30 Year USDA Refi | 2023-11-22 | 0.1% |
| Lake Charles 30 Year VA | 2023-11-22 | -0.49% |
| Lake Charles 30 Year VA Refi | 2023-11-22 | 0% |
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 lender, 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.).
LAKE CHARLES Average Closing Costs & Other Stats
LAKE CHARLES, LA's 123 lenders originated 4,146
loans during 2022. The total origination value was $890,420,000, with an average loan value of
$214,766.
LAKE CHARLES's average closing costs are $5,067.
The top LAKE CHARLES lender as defined by loan originations is FIDELITY BANK, with
114 loans originated. Their average total fees are
$5,222, which is $1,060
higher than the next largest lender,
Citizens Bank.
The lowest fee LAKE CHARLES lenders (with over 10 loans originated) are
DSLD MORTGAGE, LLC ($1,875), Jeff Davis Bancshares ($2,084), The Evangeline Bank & Trust Company ($2,231), Wells Fargo Bank ($3,595) and JPMorgan Chase Bank ($3,961).
The lowest rate LAKE CHARLES lenders (with over 10 loans originated) are
DHI MORTGAGE COMPANY, LTD. (3.96%), HOME POINT FINANCIAL CORPORATION (4.13%), CALIBER HOME LOANS, INC. (4.33%), CRESCENT MORTGAGE COMPANY (4.38%) and PENNYMAC LOAN SERVICES, LLC (4.50%).
LAKE CHARLES, 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 |
|---|---|---|---|---|
| FIDELITY BANK | $60,080,000 | $51,425,000 | -14.4% | 5.8% |
| UNITED WHOLESALE MORTGAGE, LLC | $50,490,000 | $42,155,000 | -16.5% | 4.7% |
| First Federal Bank of Louisiana | $59,770,000 | $42,125,000 | -29.5% | 4.7% |
| GMFS LLC | $61,975,000 | $37,930,000 | -38.8% | 4.3% |
| QUICKEN LOANS, LLC | $72,320,000 | $31,995,000 | -55.8% | 3.6% |
| First Horizon Bank | $28,290,000 | $30,510,000 | 7.8% | 3.4% |
| NTFN, INC. | $63,165,000 | $30,480,000 | -51.7% | 3.4% |
| b1BANK | $13,300,000 | $29,415,000 | 121.2% | 3.3% |
| Citizens Bank | $62,080,000 | $29,270,000 | -52.9% | 3.3% |
| LOANDEPOT.COM, LLC | $42,300,000 | $27,865,000 | -34.1% | 3.1% |
| DHI MORTGAGE COMPANY, LTD. | $47,295,000 | $22,385,000 | -52.7% | 2.5% |
| CALIBER HOME LOANS, INC. | $36,485,000 | $21,160,000 | -42.0% | 2.4% |
| The Evangeline Bank & Trust Company | $29,090,000 | $19,930,000 | -31.5% | 2.2% |
| Jeff Davis Bancshares, Inc. | $15,125,000 | $18,770,000 | 24.1% | 2.1% |
| Lakeside Bank | $19,530,000 | $17,085,000 | -12.5% | 1.9% |
| Merchants & Farmers Bank & Trust Company | $8,735,000 | $16,635,000 | 90.4% | 1.9% |
| DSLD MORTGAGE, LLC | $29,510,000 | $16,535,000 | -44.0% | 1.9% |
| CSE Federal Credit Union | $9,890,000 | $15,015,000 | 51.8% | 1.7% |
| SOUTHWEST LOUISIANA CREDIT UNION | $6,980,000 | $14,805,000 | 112.1% | 1.7% |
| BancorpSouth Bank | $10,785,000 | $13,625,000 | 26.3% | 1.5% |
| Gateway First Bank | $13,130,000 | $13,495,000 | 2.8% | 1.5% |
| JPMorgan Chase Bank | $18,980,000 | $13,395,000 | -29.4% | 1.5% |
| First National Bank in DeRidder | $6,665,000 | $12,935,000 | 94.1% | 1.5% |
| FREEDOM MORTGAGE CORPORATION | $57,690,000 | $12,790,000 | -77.8% | 1.4% |
| Mortgage Research Center, LLC | $14,305,000 | $12,725,000 | -11.0% | 1.4% |
| HOME POINT FINANCIAL CORPORATION | $35,490,000 | $11,385,000 | -67.9% | 1.3% |
| The Bank | $5,785,000 | $11,255,000 | 94.6% | 1.3% |
| Sabine State Bank and Trust Company | $34,855,000 | $10,835,000 | -68.9% | 1.2% |
| Red River Bank | $14,700,000 | $10,480,000 | -28.7% | 1.2% |
| CRESCENT MORTGAGE COMPANY | $18,335,000 | $10,165,000 | -44.6% | 1.1% |
| FIRST NATIONAL BANK OF LA | $9,855,000 | n/a | 1.1% | |
| THE MORTGAGE FIRM, INC. | $10,785,000 | $8,820,000 | -18.2% | 1.0% |
| Chambers Bank | $8,755,000 | n/a | 1.0% | |
| 21ST MORTGAGE CORPORATION | $17,615,000 | $8,575,000 | -51.3% | 1.0% |
| MORTGAGE FINANCIAL SERVICES, LLC | $20,715,000 | $8,485,000 | -59.0% | 1.0% |
| Hancock Whitney Bank | $13,800,000 | $7,895,000 | -42.8% | 0.9% |
| NATIONS RELIABLE LENDING, LLC | $11,020,000 | $7,890,000 | -28.4% | 0.9% |
| AMERISAVE MORTGAGE CORPORATION | $6,175,000 | $6,895,000 | 11.7% | 0.8% |
| PENNYMAC LOAN SERVICES, LLC | $16,440,000 | $6,710,000 | -59.2% | 0.8% |
| Wells Fargo Bank | $14,185,000 | $6,200,000 | -56.3% | 0.7% |
| Capital One | $5,855,000 | n/a | 0.7% | |
| Nations Lending Corporation | $8,780,000 | $5,790,000 | -34.1% | 0.7% |
| Mr. Cooper ( Nationstar Mortgage ) | $9,310,000 | $5,430,000 | -41.7% | 0.6% |
| Morgan Stanley Private Bank | $2,270,000 | $4,555,000 | 100.7% | 0.5% |
| NP, Inc. | $880,000 | $4,120,000 | 368.2% | 0.5% |
| Investar Bank | $3,010,000 | $4,115,000 | 36.7% | 0.5% |
| EUSTIS AND AMERICAN MORTGAGE COMPANY | $2,680,000 | $4,010,000 | 49.6% | 0.5% |
| DAS Acquisition Company, LLC | $7,230,000 | $3,985,000 | -44.9% | 0.4% |
| LIMA ONE CAPITAL, LLC | $1,490,000 | $3,905,000 | 162.1% | 0.4% |
| CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $3,605,000 | $3,425,000 | -5.0% | 0.4% |
| TRIAD FINANCIAL SERVICES, INC. | $6,475,000 | $3,375,000 | -47.9% | 0.4% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $6,615,000 | $3,330,000 | -49.7% | 0.4% |
| PREMIA MORTGAGE, LLC | $2,050,000 | $3,025,000 | 47.6% | 0.3% |
| UNION HOME MORTGAGE CORP. | $195,000 | $2,945,000 | 1,410.3% | 0.3% |
| NAVY FEDERAL CREDIT UNION | $2,610,000 | $2,935,000 | 12.5% | 0.3% |
| Assurance Financial Group, L.L.C. | $2,720,000 | $2,805,000 | 3.1% | 0.3% |
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $2,715,000 | n/a | 0.3% | |
| NEWREZ LLC | $5,340,000 | $2,580,000 | -51.7% | 0.3% |
| AMERICAN FINANCIAL RESOURCES, INC. | $3,405,000 | $2,565,000 | -24.7% | 0.3% |
| Ally Bank | $680,000 | $2,495,000 | 266.9% | 0.3% |
| USAA Federal Savings Bank | $3,295,000 | $2,485,000 | -24.6% | 0.3% |
| Pelican State Credit Union | $1,805,000 | $2,280,000 | 26.3% | 0.3% |
| PNC Bank | $440,000 | $2,085,000 | 373.9% | 0.2% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $2,800,000 | $1,980,000 | -29.3% | 0.2% |
| NEW DAY FINANCIAL, LLC | $1,820,000 | $1,910,000 | 4.9% | 0.2% |
| Flagstar Bank, FSB | $3,925,000 | $1,855,000 | -52.7% | 0.2% |
| PENTAGON FEDERAL CREDIT UNION | $295,000 | $1,740,000 | 489.8% | 0.2% |
| LAKEVIEW LOAN SERVICING, LLC | $8,435,000 | $1,600,000 | -81.0% | 0.2% |
| BETTER MORTGAGE CORPORATION | $6,050,000 | $1,555,000 | -74.3% | 0.2% |
| GUARANTEED RATE, INC. | $290,000 | $1,550,000 | 434.5% | 0.2% |
| Carrington Mortgage Services, LLC | $3,110,000 | $1,530,000 | -50.8% | 0.2% |
| First Guaranty Bank | $23,585,000 | $1,510,000 | -93.6% | 0.2% |
| Secured Investment Corp. | $580,000 | $1,490,000 | 156.9% | 0.2% |
| BOM Bank | $1,445,000 | n/a | 0.2% | |
| BROKER SOLUTIONS, INC. | $645,000 | $1,395,000 | 116.3% | 0.2% |
| Regions Bank | $6,465,000 | $1,380,000 | -78.7% | 0.2% |
| MOVEMENT MORTGAGE, LLC | $1,675,000 | $1,345,000 | -19.7% | 0.2% |
| UBS Bank USA | $15,550,000 | $1,260,000 | -91.9% | 0.1% |
| Plains Commerce Bank | $9,535,000 | $1,240,000 | -87.0% | 0.1% |
| VILLAGE CAPITAL MORTGAGE | $3,455,000 | $1,225,000 | -64.5% | 0.1% |
| The First National Bank of Jeanerette | $1,195,000 | n/a | 0.1% | |
| Chickasaw Community Bank | $2,520,000 | $1,190,000 | -52.8% | 0.1% |
| Princeton Mortgage Corporation | $1,170,000 | n/a | 0.1% | |
| BARKSDALE | $290,000 | $1,135,000 | 291.4% | 0.1% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $990,000 | $1,020,000 | 3.0% | 0.1% |
| Home Bank | $515,000 | $940,000 | 82.5% | 0.1% |
| Mid-Continent Funding, Inc. | $935,000 | n/a | 0.1% | |
| Equity Prime Mortgage LLC | $920,000 | n/a | 0.1% | |
| CSL Financial, LLC | $2,145,000 | $915,000 | -57.3% | 0.1% |
| SeaTrust Mortgage Company | $895,000 | n/a | 0.1% | |
| The Federal Savings Bank | $1,760,000 | $885,000 | -49.7% | 0.1% |
| CROSSCOUNTRY MORTGAGE, LLC | $370,000 | $850,000 | 129.7% | 0.1% |
| EVERETT FINANCIAL, INC. | $505,000 | $850,000 | 68.3% | 0.1% |
| Bank of America | $1,400,000 | $840,000 | -40.0% | 0.1% |
| AMCAP MORTGAGE, LTD. | $1,425,000 | $795,000 | -44.2% | 0.1% |
| Commerce Home Mortgage, Inc. | $785,000 | n/a | 0.1% | |
| Merchants Bank of Indiana | $4,450,000 | $755,000 | -83.0% | 0.1% |
| AmeriHome Mortgage Company, LLC | $2,260,000 | $740,000 | -67.3% | 0.1% |
| LEADERONE FINANCIAL CORPORATION | $730,000 | n/a | 0.1% | |
| GUILD MORTGAGE COMPANY | $14,360,000 | $715,000 | -95.0% | 0.1% |
| Renasant Bank | $705,000 | n/a | 0.1% | |
| Community First Bank | $205,000 | $675,000 | 229.3% | 0.1% |
| BankPlus | $505,000 | $650,000 | 28.7% | 0.1% |
| Origin Bank | $430,000 | $645,000 | 50.0% | 0.1% |
| Republic State Mortgage Co. | $1,215,000 | $630,000 | -48.1% | 0.1% |
| Bank of England | $530,000 | $625,000 | 17.9% | 0.1% |
| PLAZA HOME MORTGAGE, INC. | $1,320,000 | $605,000 | -54.2% | 0.1% |
| Texas Bank | $485,000 | $585,000 | 20.6% | 0.1% |
| Colonial Savings, F.A. | $2,175,000 | $570,000 | -73.8% | 0.1% |
| COUNTRYPLACE MORTGAGE, LTD. | $710,000 | $550,000 | -22.5% | 0.1% |
| NFM, INC. | $540,000 | n/a | 0.1% | |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $995,000 | $540,000 | -45.7% | 0.1% |
| Third Coast Bank SSB | $535,000 | n/a | 0.1% | |
| Goldwater Bank, N.A. | $610,000 | $530,000 | -13.1% | 0.1% |
| AMERICAN FINANCING CORPORATION | $820,000 | $495,000 | -39.6% | 0.1% |
| Barrington Bank & Trust Company, N.A. | $715,000 | $495,000 | -30.8% | 0.1% |
| First Internet Bank of Indiana | $405,000 | $485,000 | 19.8% | 0.1% |
| ROYAL UNITED MORTGAGE LLC | $535,000 | $480,000 | -10.3% | 0.1% |
| BANKSOUTH MORTGAGE COMPANY, LLC | $465,000 | n/a | 0.1% | |
| KEESLER | $255,000 | $465,000 | 82.4% | 0.1% |
| First National Bank of America | $450,000 | n/a | 0.1% | |
| U.S. Bank | $4,110,000 | $450,000 | -89.1% | 0.1% |
| Citizens Bank & Trust Company of Vivian, Louisiana | $660,000 | $445,000 | -32.6% | 0.0% |
| NBKC BANK | $1,470,000 | $440,000 | -70.1% | 0.0% |
| First Home Bank | $1,315,000 | $430,000 | -67.3% | 0.0% |
| SUN WEST MORTGAGE COMPANY, INC. | $395,000 | $425,000 | 7.6% | 0.0% |
| THRIVE MORTGAGE, LLC | $305,000 | $425,000 | 39.3% | 0.0% |
| Rayne Building and Loan Association | $415,000 | n/a | 0.0% | |
| ADVANCIAL | $215,000 | $400,000 | 86.0% | 0.0% |
| STANDARD MORTGAGE CORPORATION | $830,000 | $400,000 | -51.8% | 0.0% |
| American National Bank & Trust | $395,000 | n/a | 0.0% | |
| Farmers-Merchants Bank & Trust Company | $965,000 | $380,000 | -60.6% | 0.0% |
| MIDLAND MORTGAGE CORPORATION | $380,000 | n/a | 0.0% | |
| ONE NEVADA CREDIT UNION | $375,000 | n/a | 0.0% | |
| Prosperity Bank | $375,000 | n/a | 0.0% | |
| EMBRACE HOME LOANS, INC. | $225,000 | $365,000 | 62.2% | 0.0% |
| Florida Capital Bank | $875,000 | $365,000 | -58.3% | 0.0% |
| STEARNS LENDING, LLC | $920,000 | $365,000 | -60.3% | 0.0% |
| Bank of Zachary | $145,000 | $350,000 | 141.4% | 0.0% |
| Figure Lending LLC | $240,000 | $350,000 | 45.8% | 0.0% |
| RELIANCE FIRST CAPITAL, LLC | $665,000 | $350,000 | -47.4% | 0.0% |
| BOKF | $345,000 | n/a | 0.0% | |
| CERTAINTY HOME LOANS, LLC | $345,000 | n/a | 0.0% | |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $340,000 | n/a | 0.0% | |
| HOMESIDE FINANCIAL, LLC | $790,000 | $340,000 | -57.0% | 0.0% |
| BEST CAPITAL FUNDING | $335,000 | n/a | 0.0% | |
| Paramount Residential Mortgage Group, Inc. | $335,000 | n/a | 0.0% | |
| Wolfe Financial, Inc | $335,000 | n/a | 0.0% | |
| CLEARPATH LENDING | $1,575,000 | $325,000 | -79.4% | 0.0% |
| North American Savings Bank, F.S.B. | $165,000 | $320,000 | 93.9% | 0.0% |
| Armed Forces Bank | $315,000 | n/a | 0.0% | |
| Citibank | $145,000 | $310,000 | 113.8% | 0.0% |
| PHH Mortgage Corporation | $480,000 | $310,000 | -35.4% | 0.0% |
| STOCKTON MORTGAGE CORPORATION | $305,000 | n/a | 0.0% | |
| CIVIC FINANCIAL SERVICES, LLC | $300,000 | n/a | 0.0% | |
| AMERICAN ADVISORS GROUP | $130,000 | $290,000 | 123.1% | 0.0% |
| CIS Financial Services, Inc. | $145,000 | $285,000 | 96.6% | 0.0% |
| Quontic Bank | $430,000 | $285,000 | -33.7% | 0.0% |
| BNC National Bank | $275,000 | n/a | 0.0% | |
| CARTER FEDERAL CREDIT UNION | $275,000 | n/a | 0.0% | |
| PIERREMONT MORTGAGE, INC. | $275,000 | n/a | 0.0% | |
| Abbeville Building & Loan (A State-Chartered Savings Bank) | $1,590,000 | $265,000 | -83.3% | 0.0% |
| FBC MORTGAGE, LLC | $265,000 | n/a | 0.0% | |
| Gulf Coast Bank and Trust Company | $205,000 | $265,000 | 29.3% | 0.0% |
| BM Real Estate Services, Inc. | $255,000 | n/a | 0.0% | |
| Citadel Servicing Corporation | $255,000 | n/a | 0.0% | |
| Wyndham Capital Mortgage, Inc. | $460,000 | $255,000 | -44.6% | 0.0% |
| CHURCHILL MORTGAGE CORPORATION | $505,000 | $250,000 | -50.5% | 0.0% |
| Discover Bank | $120,000 | $250,000 | 108.3% | 0.0% |
| First Financial Bank | $125,000 | $250,000 | 100.0% | 0.0% |
| GSF Mortgage Corporation | $880,000 | $245,000 | -72.2% | 0.0% |
| REVERSE MORTGAGE FUNDING LLC | $240,000 | n/a | 0.0% | |
| First Savings Bank | $1,115,000 | $235,000 | -78.9% | 0.0% |
| FINANCE OF AMERICA MORTGAGE LLC | $435,000 | $230,000 | -47.1% | 0.0% |
| DRAPER AND KRAMER MORTGAGE CORP. | $225,000 | n/a | 0.0% | |
| Eagle Bank and Trust Company | $155,000 | $225,000 | 45.2% | 0.0% |
| ROUNDPOINT MORTGAGE SERVICING CORPORATION | $225,000 | n/a | 0.0% | |
| Chicago Mortgage Solutions LLC | $665,000 | $220,000 | -66.9% | 0.0% |
| MID AMERICA MORTGAGE, INC. | $4,185,000 | $220,000 | -94.7% | 0.0% |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $1,510,000 | $215,000 | -85.8% | 0.0% |
| Rayne State Bank & Trust Company | $215,000 | $215,000 | 0.0% | 0.0% |
| CREDIT HUMAN FEDERAL CREDIT UNION | $1,035,000 | $210,000 | -79.7% | 0.0% |
| SILVER HILL FUNDING, LLC | $210,000 | n/a | 0.0% | |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $205,000 | n/a | 0.0% | |
| MY MORTGAGE, INC. | $205,000 | n/a | 0.0% | |
| First Guaranty Mortgage Corporation | $1,165,000 | $195,000 | -83.3% | 0.0% |
| Heritage Bank | $195,000 | n/a | 0.0% | |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $2,270,000 | $195,000 | -91.4% | 0.0% |
| PLANET HOME LENDING, LLC | $320,000 | $195,000 | -39.1% | 0.0% |
| RIVERLAND FEDERAL CREDIT UNION | $195,000 | n/a | 0.0% | |
| SPRING EQ, LLC | $115,000 | $185,000 | 60.9% | 0.0% |
| CMG MORTGAGE, INC. | $180,000 | n/a | 0.0% | |
| BAYSHORE MORTGAGE FUNDING, LLC | $165,000 | $175,000 | 6.1% | 0.0% |
| Sierra Pacific Mortgage Company, Inc. | $1,170,000 | $175,000 | -85.0% | 0.0% |
| Citizens National Bank, N.A. | $1,040,000 | $165,000 | -84.1% | 0.0% |
| First Federal Bank | $195,000 | $165,000 | -15.4% | 0.0% |
| MEMBER HOME LOAN, L.L.C. | $195,000 | $165,000 | -15.4% | 0.0% |
| Arvest Bank | $85,000 | $155,000 | 82.4% | 0.0% |
| FINANCE OF AMERICA REVERSE LLC | $155,000 | n/a | 0.0% | |
| First Bank | $155,000 | n/a | 0.0% | |
| KELLER MORTGAGE, LLC | $155,000 | n/a | 0.0% | |
| Magnolia Bank | $315,000 | $155,000 | -50.8% | 0.0% |
| SOFI LENDING CORP. | $175,000 | $155,000 | -11.4% | 0.0% |
| AMERICAN INTERNET MORTGAGE, INC. | $955,000 | $135,000 | -85.9% | 0.0% |
| TJC Mortgage, Inc. | $135,000 | n/a | 0.0% | |
| United Community Bank | $130,000 | n/a | 0.0% | |
| SOUTHWEST FUNDING, LP | $505,000 | $125,000 | -75.2% | 0.0% |
| NUMARK CREDIT UNION | $105,000 | n/a | 0.0% | |
| Signature Federal Credit Union | $105,000 | $105,000 | 0.0% | 0.0% |
| SOUTHWEST STAGE FUNDING, LLC | $850,000 | $105,000 | -87.6% | 0.0% |
| EFCU FINANCIAL | $90,000 | n/a | 0.0% | |
| M&T Bank | $200,000 | $75,000 | -62.5% | 0.0% |
| OPEN MORTGAGE, LLC | $85,000 | $75,000 | -11.8% | 0.0% |
| First National Bank | $45,000 | $45,000 | 0.0% | 0.0% |
| Home Loan Investment Bank, F.S.B. | $90,000 | $40,000 | -55.6% | 0.0% |
| Campus Federal Credit Union | $400,000 | $25,000 | -93.8% | 0.0% |
| MidFirst Bank | $25,000 | n/a | 0.0% | |
| 1st Franklin Financial Corporation | $25,000 | $15,000 | -40.0% | 0.0% |
LAKE CHARLES's top lender by overall market share is FIDELITY BANK, with 5.8% market share. In second place, with 4.7%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $42,155,000 in loans. In third place, with 4.7%, is First Federal Bank of Louisiana, having originated $42,125,000 in loans. In fourth place, with 4.3%, is GMFS LLC, having originated $37,930,000 in loans. In fifth place, with 3.6%, is QUICKEN LOANS, LLC, having originated $31,995,000 in loans.
LAKE CHARLES Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - LAKE CHARLES (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
|---|---|---|---|---|
| 2018-01-01 | $231,125 (-3.5%) | $294,855 (-10.9%) | 0.86 | 848 |
| 2018-02-01 | $229,375 (-4.2%) | $290,267 (-11.5%) | 0.83 | 837 |
| 2018-03-01 | $234,925 (-4.5%) | $293,190 (-12.1%) | 0.82 | 824 |
| 2018-04-01 | $235,350 (-5.8%) | $293,426 (-13.0%) | 0.80 | 816 |
| 2018-05-01 | $244,750 (-2.1%) | $307,137 (-11.0%) | 0.82 | 802 |
| 2018-06-01 | $240,000 (-3.7%) | $301,518 (-12.1%) | 0.80 | 882 |
| 2018-07-01 | $235,125 (-4.5%) | $297,082 (-9.5%) | 0.79 | 911 |
| 2018-08-01 | $239,950 (-0.9%) | $326,033 (4.4%) | 0.80 | 931 |
| 2018-09-01 | $236,383 (-1.5%) | $320,385 (5.2%) | 0.79 | 950 |
| 2018-10-01 | $235,508 (-0.6%) | $313,742 (3.9%) | 0.80 | 977 |
| 2018-11-01 | $234,472 (0.7%) | $317,304 (5.3%) | 0.79 | 985 |
| 2018-12-01 | $234,700 (0.5%) | $322,788 (7.8%) | 0.81 | 979 |
| 2019-01-01 | $234,950 (1.7%) | $318,198 (7.9%) | 0.81 | 973 |
| 2019-02-01 | $236,805 (3.2%) | $316,214 (8.9%) | 0.80 | 973 |
| 2019-03-01 | $238,881 (1.7%) | $320,599 (9.4%) | 0.78 | 951 |
| 2019-04-01 | $239,572 (1.8%) | $326,287 (11.2%) | 0.76 | 929 |
| 2019-05-01 | $241,450 (-1.4%) | $335,185 (9.1%) | 0.75 | 902 |
| 2019-06-01 | $240,500 (0.2%) | $328,272 (8.9%) | 0.75 | 880 |
| 2019-07-01 | $239,125 (1.7%) | $322,885 (8.7%) | 0.75 | 941 |
| 2019-08-01 | $235,755 (-1.8%) | $318,454 (-2.3%) | 0.75 | 967 |
| 2019-09-01 | $232,236 (-1.8%) | $317,284 (-1.0%) | 0.74 | 967 |
| 2019-10-01 | $230,000 (-2.3%) | $319,338 (1.8%) | 0.74 | 959 |
| 2019-11-01 | $229,900 (-2.0%) | $318,156 (0.3%) | 0.75 | 950 |
| 2019-12-01 | $220,000 (-6.3%) | $259,329 (-19.7%) | 0.73 | 851 |
| 2020-01-01 | $219,900 (-6.4%) | $261,274 (-17.9%) | 0.73 | 837 |
| 2020-02-01 | $223,700 (-5.5%) | $264,804 (-16.3%) | 0.73 | 845 |
| 2020-03-01 | $220,950 (-7.5%) | $270,345 (-15.7%) | 0.69 | 862 |
| 2020-04-01 | $219,600 (-8.3%) | $269,679 (-17.4%) | 0.69 | 886 |
| 2020-05-01 | $220,990 (-8.5%) | $273,139 (-18.5%) | 0.67 | 867 |
| 2020-06-01 | $224,700 (-6.6%) | $280,870 (-14.4%) | 0.66 | 854 |
| 2020-07-01 | $224,675 (-6.0%) | $284,056 (-12.0%) | 0.65 | 838 |
| 2020-08-01 | $220,730 (-6.4%) | $286,174 (-10.1%) | 0.63 | 840 |
| 2020-09-01 | $221,200 (-4.8%) | $285,707 (-10.0%) | 0.63 | 675 |
| 2020-10-01 | $225,500 (-2.0%) | $291,843 (-8.6%) | 0.65 | 554 |
| 2020-11-01 | $228,858 (-0.5%) | $282,198 (-11.3%) | 0.67 | 507 |
| 2020-12-01 | $229,600 (4.4%) | $278,805 (7.5%) | 0.68 | 479 |
| 2021-01-01 | $234,500 (6.6%) | $279,397 (6.9%) | 0.70 | 449 |
| 2021-02-01 | $242,500 (8.4%) | $294,010 (11.0%) | 0.71 | 403 |
| 2021-03-01 | $238,450 (7.9%) | $291,157 (7.7%) | 0.68 | 364 |
| 2021-04-01 | $236,695 (7.8%) | $289,370 (7.3%) | 0.64 | 346 |
| 2021-05-01 | $231,999 (5.0%) | $296,690 (8.6%) | 0.62 | 307 |
| 2021-06-01 | $230,750 (2.7%) | $294,126 (4.7%) | 0.61 | 300 |
| 2021-07-01 | $234,200 (4.2%) | $291,448 (2.6%) | 0.62 | 343 |
| 2021-08-01 | $231,500 (4.9%) | $292,828 (2.3%) | 0.62 | 375 |
| 2021-09-01 | $231,500 (4.7%) | $285,080 (-0.2%) | 0.62 | 420 |
| 2021-10-01 | $224,900 (-0.3%) | $278,038 (-4.7%) | 0.60 | 465 |
| 2021-11-01 | $219,675 (-4.0%) | $270,784 (-4.0%) | 0.59 | 506 |
| 2021-12-01 | $216,375 (-5.8%) | $262,106 (-6.0%) | 0.59 | 524 |
| 2022-01-01 | $223,900 (-4.5%) | $265,414 (-5.0%) | 0.61 | 494 |
| 2022-02-01 | $218,075 (-10.1%) | $266,044 (-9.5%) | 0.57 | 487 |
| 2022-03-01 | $219,900 (-7.8%) | $267,113 (-8.3%) | 0.55 | 469 |
| 2022-04-01 | $218,900 (-7.5%) | $279,898 (-3.3%) | 0.52 | 467 |
| 2022-05-01 | $220,000 (-5.2%) | $285,888 (-3.6%) | 0.50 | 510 |
| 2022-06-01 | $237,100 (2.8%) | $291,517 (-0.9%) | 0.53 | 586 |
| 2022-07-01 | $239,900 (2.4%) | $286,760 (-1.6%) | 0.54 | 659 |
| 2022-08-01 | $234,225 (1.2%) | $279,878 (-4.4%) | 0.54 | 715 |
| 2022-09-01 | $229,500 (-0.9%) | $273,866 (-3.9%) | 0.54 | 757 |
| 2022-10-01 | $237,900 (5.8%) | $277,279 (-0.3%) | 0.56 | 821 |
| 2022-11-01 | $238,575 (8.6%) | $274,424 (1.3%) | 0.57 | 864 |
| 2022-12-01 | $235,000 (8.6%) | $271,968 (3.8%) | 0.58 | 878 |
| 2023-01-01 | $236,225 (5.5%) | $276,139 (4.0%) | 0.59 | 835 |
| 2023-02-01 | $229,500 (5.2%) | $271,474 (2.0%) | 0.55 | 815 |
| 2023-03-01 | $236,750 (7.7%) | $281,411 (5.4%) | 0.56 | 823 |
| 2023-04-01 | $235,000 (7.4%) | $284,281 (1.6%) | 0.55 | 811 |
| 2023-05-01 | $242,575 (10.3%) | $294,307 (2.9%) | 0.55 | 888 |
| 2023-06-01 | $249,450 (5.2%) | $298,813 (2.5%) | 0.56 | 871 |
| 2023-07-01 | $249,000 (3.8%) | $293,884 (2.5%) | 0.57 | 907 |
| 2023-08-01 | $241,350 (3.0%) | $293,122 (4.7%) | 0.55 | 921 |
| 2023-09-01 | $238,745 (4.0%) | $287,317 (4.9%) | 0.56 | 930 |
| 2023-10-01 | $239,200 (0.6%) | $290,705 (4.8%) | 0.56 | 921 |
LAKE CHARLES's median listing price for 2023-10-01 was $239,200, a difference of
$1,300
(0.6%) versus the prior year and
$455 versus the prior month.
LAKE CHARLES's median listing price comes in at 56% of the national average.
LAKE CHARLES's average listing price for 2023-10-01 was $290,705, a difference of $13,426 (4.8%) versus the prior year and $3,388 versus the prior month.
For the 2023-10-01 period, LAKE CHARLES had 921 MLS listings, a difference of -9 listings (-1%) versus the prior month and 100 listings (12%) versus the prior year.
LAKE CHARLES's median listing price comes in at 56% of the national average.
LAKE CHARLES's average listing price for 2023-10-01 was $290,705, a difference of $13,426 (4.8%) versus the prior year and $3,388 versus the prior month.
For the 2023-10-01 period, LAKE CHARLES had 921 MLS listings, a difference of -9 listings (-1%) versus the prior month and 100 listings (12%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - LAKE CHARLES (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 84 days | 1,960 sqft |
| 2018-02-01 | 88 days | 1,928 sqft |
| 2018-03-01 | 79 days | 1,940 sqft |
| 2018-04-01 | 71 days | 1,945 sqft |
| 2018-05-01 | 69 days | 1,997 sqft |
| 2018-06-01 | 69 days | 2,000 sqft |
| 2018-07-01 | 73 days | 1,980 sqft |
| 2018-08-01 | 78 days | 2,007 sqft |
| 2018-09-01 | 81 days | 1,984 sqft |
| 2018-10-01 | 79 days | 1,991 sqft |
| 2018-11-01 | 83 days | 1,985 sqft |
| 2018-12-01 | 87 days | 1,982 sqft |
| 2019-01-01 | 90 days | 1,983 sqft |
| 2019-02-01 | 94 days | 1,988 sqft |
| 2019-03-01 | 81 days | 1,991 sqft |
| 2019-04-01 | 75 days | 2,009 sqft |
| 2019-05-01 | 76 days | 2,021 sqft |
| 2019-06-01 | 76 days | 2,017 sqft |
| 2019-07-01 | 80 days | 2,008 sqft |
| 2019-08-01 | 79 days | 1,997 sqft |
| 2019-09-01 | 81 days | 1,988 sqft |
| 2019-10-01 | 82 days | 1,991 sqft |
| 2019-11-01 | 88 days | 2,000 sqft |
| 2019-12-01 | 89 days | 1,890 sqft |
| 2020-01-01 | 91 days | 1,877 sqft |
| 2020-02-01 | 92 days | 1,889 sqft |
| 2020-03-01 | 71 days | 1,889 sqft |
| 2020-04-01 | 78 days | 1,882 sqft |
| 2020-05-01 | 79 days | 1,894 sqft |
| 2020-06-01 | 81 days | 1,900 sqft |
| 2020-07-01 | 77 days | 1,899 sqft |
| 2020-08-01 | 75 days | 1,900 sqft |
| 2020-09-01 | 86 days | 1,900 sqft |
| 2020-10-01 | 98 days | 1,900 sqft |
| 2020-11-01 | 100 days | 1,900 sqft |
| 2020-12-01 | 67 days | 1,898 sqft |
| 2021-01-01 | 70 days | 1,899 sqft |
| 2021-02-01 | 60 days | 1,897 sqft |
| 2021-03-01 | 58 days | 1,880 sqft |
| 2021-04-01 | 55 days | 1,886 sqft |
| 2021-05-01 | 53 days | 1,889 sqft |
| 2021-06-01 | 52 days | 1,893 sqft |
| 2021-07-01 | 47 days | 1,886 sqft |
| 2021-08-01 | 51 days | 1,892 sqft |
| 2021-09-01 | 53 days | 1,886 sqft |
| 2021-10-01 | 58 days | 1,858 sqft |
| 2021-11-01 | 65 days | 1,842 sqft |
| 2021-12-01 | 69 days | 1,813 sqft |
| 2022-01-01 | 72 days | 1,825 sqft |
| 2022-02-01 | 62 days | 1,812 sqft |
| 2022-03-01 | 57 days | 1,834 sqft |
| 2022-04-01 | 54 days | 1,810 sqft |
| 2022-05-01 | 52 days | 1,841 sqft |
| 2022-06-01 | 53 days | 1,876 sqft |
| 2022-07-01 | 54 days | 1,902 sqft |
| 2022-08-01 | 60 days | 1,889 sqft |
| 2022-09-01 | 64 days | 1,885 sqft |
| 2022-10-01 | 70 days | 1,880 sqft |
| 2022-11-01 | 77 days | 1,877 sqft |
| 2022-12-01 | 89 days | 1,875 sqft |
| 2023-01-01 | 98 days | 1,882 sqft |
| 2023-02-01 | 97 days | 1,852 sqft |
| 2023-03-01 | 92 days | 1,881 sqft |
| 2023-04-01 | 78 days | 1,875 sqft |
| 2023-05-01 | 72 days | 1,880 sqft |
| 2023-06-01 | 78 days | 1,895 sqft |
| 2023-07-01 | 80 days | 1,895 sqft |
| 2023-08-01 | 78 days | 1,880 sqft |
| 2023-09-01 | 78 days | 1,875 sqft |
| 2023-10-01 | 85 days | 1,882 sqft |
LAKE CHARLES's median listing age (time on market) for 2023-10-01 was 85 days.
This
is 21%
longer
than the same period one year ago.
LAKE CHARLES's median square footage for active listings during the 2023-10-01 period was 1,882 sqft. One year prior, the average listing was 1,880 sqft.
LAKE CHARLES's median square footage for active listings during the 2023-10-01 period was 1,882 sqft. One year prior, the average listing was 1,880 sqft.
LAKE CHARLES, LA Average Rent (2023)
Zoom/scroll map to see average rent by zip code. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results.
| Zip Code | Metro | Studio Apartment Rent | 1BR Apartment Rent | 2BR Apartment Rent | 3BR Apartment Rent | 4BR Apartment Rent |
|---|---|---|---|---|---|---|
| 70542 | Lake Charles, LA | $590 | $610 | $790 | $990 | $1,140 |
| 70549 | Lake Charles, LA | $590 | $610 | $790 | $990 | $1,140 |
| 70601 | Lake Charles, LA | $610 | $640 | $820 | $1,030 | $1,150 |
| 70602 | Lake Charles, LA | $660 | $680 | $880 | $1,100 | $1,240 |
| 70605 | Lake Charles, LA | $810 | $850 | $1,090 | $1,360 | $1,530 |
| 70606 | Lake Charles, LA | $660 | $690 | $880 | $1,100 | $1,240 |
| 70607 | Lake Charles, LA | $640 | $670 | $860 | $1,080 | $1,210 |
| 70611 | Lake Charles, LA | $660 | $690 | $890 | $1,110 | $1,250 |
| 70612 | Lake Charles, LA | $660 | $680 | $880 | $1,100 | $1,240 |
| 70615 | Lake Charles, LA | $660 | $690 | $890 | $1,110 | $1,250 |
| 70616 | Lake Charles, LA | $660 | $680 | $880 | $1,100 | $1,240 |
| 70629 | Lake Charles, LA | $660 | $680 | $880 | $1,100 | $1,240 |
| 70630 | Lake Charles, LA | $590 | $610 | $790 | $990 | $1,140 |
| 70631 | Lake Charles, LA | $660 | $690 | $880 | $1,120 | $1,210 |
| 70632 | Lake Charles, LA | $670 | $700 | $900 | $1,130 | $1,260 |
| 70633 | Lake Charles, LA | $630 | $650 | $840 | $1,050 | $1,180 |
| 70643 | Lake Charles, LA | $590 | $610 | $790 | $990 | $1,140 |
| 70645 | Lake Charles, LA | $720 | $750 | $960 | $1,210 | $1,350 |
| 70646 | Lake Charles, LA | $590 | $610 | $790 | $990 | $1,140 |
| 70647 | Lake Charles, LA | $630 | $660 | $850 | $1,060 | $1,190 |
| 70657 | Lake Charles, LA | $640 | $670 | $860 | $1,080 | $1,250 |
| 70661 | Lake Charles, LA | $590 | $610 | $790 | $990 | $1,140 |
| 70663 | Lake Charles, LA | $660 | $680 | $880 | $1,100 | $1,240 |
| 70665 | Lake Charles, LA | $760 | $790 | $1,020 | $1,280 | $1,430 |
| 70668 | Lake Charles, LA | $590 | $610 | $790 | $990 | $1,140 |
| 70669 | Lake Charles, LA | $750 | $790 | $1,010 | $1,260 | $1,420 |
2022 Average & Median Rent Data Statistics
LAKE CHARLES, LA average 1BR rent: $677, median: $680
LAKE CHARLES, LA average 2BR rent: $872, median: $880
LAKE CHARLES, LA average 3BR rent: $1,093, median: $1,100
LAKE CHARLES, LA Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 2,622 | $595,600,000 | $227,155 |
| Refi | 767 | $159,665,000 | $208,168 |
| Cash Out Refi | 498 | $95,020,000 | $190,803 |
| Other | 143 | $19,665,000 | $137,517 |
| Home Improvement | 116 | $20,470,000 | $176,466 |
Lake Charles's most frequently cited loan purpose was Home Purchase, with 2,622 originations. The 2nd most popular reason was Refi, with 767 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 5-6% | 905 | $188,065,000 | $207,807 |
| 4-5% | 835 | $192,765,000 | $230,856 |
| 3-4% | 759 | $187,295,000 | $246,765 |
| 6-7% | 451 | $84,405,000 | $187,151 |
| 2.5-3% | 319 | $65,185,000 | $204,342 |
| 7-8% | 173 | $26,585,000 | $153,671 |
| Over 8% | 160 | $16,050,000 | $100,313 |
| <2.5% | 59 | $12,875,000 | $218,220 |
During 2022, Lake Charles's most frequently originated rate bucket was 5-6%, with 905 originations.
Loan Sizing (LAKE CHARLES, LA MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 1,577 | $416,805,000 | $264,302 |
| $100k-200k | 1,491 | $223,215,000 | $149,708 |
| $100,000 or less | 813 | $52,385,000 | $64,434 |
| $400k-600k | 173 | $81,395,000 | $470,491 |
| $600k-1000k | 53 | $38,455,000 | $725,566 |
| $Over $1MM | 39 | $78,165,000 | $2,004,231 |
LAKE CHARLES's loan sizing saw the bucket of loans from $200k-400k with 1,577 originations, totaling $416,805,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 1,968 | $446,250,000 | $226,753 |
| 60-80% | 866 | $192,580,000 | $222,379 |
| 40-60% | 345 | $70,225,000 | $203,551 |
| 20-40% | 232 | $27,880,000 | $120,172 |
| Over 100% | 102 | $25,910,000 | $254,020 |
| Under 20% | 97 | $5,545,000 | $57,165 |
LAKE CHARLES's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 1,968 originations, totaling $446,250,000 in origination value.