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 6.83% for the week of 2025-07-03, compared to the national average of 6.67% for the same period.

The average rate for the prior week (2025-06-26) was 7.03% and one month ago for the week of 2025-05-29, the average rate was 7.05%.

Lake Charles's average rate one year ago was 6.72%.

For refis of the same type during the week of 2025-07-03, the average rate was 7.56%.

Loan Type Date Rate
US 30 Year Fixed Rate 2025-07-03 6.67%
Lake Charles 30 Year Fixed Rate 2025-07-03 6.83%
Lake Charles 30 Year Fixed Rate Refi 2025-07-03 7.56%
Lake Charles 15 Year Fixed Rate 2025-07-03 5.6%
Lake Charles 15 Year Fixed Rate Refi 2025-07-03 5.7%
Lake Charles 30 Year FHA 2025-07-03 -0.08%
Lake Charles 30 Year FHA Refi 2025-07-03 -0.2%
Lake Charles 30 Year USDA 2025-07-03 -0.12%
Lake Charles 30 Year USDA Refi 2025-07-03 0.2%
Lake Charles 30 Year VA 2025-07-03 0.05%
Lake Charles 30 Year VA Refi 2025-07-03 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.).

Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
FIDELITY BANK 70 6.83% $5,539
UNITED WHOLESALE MORTGAGE, LLC 61 6.89% $6,836
QUICKEN LOANS, LLC 58 6.77% $6,519
GMFS LLC 58 6.70% $4,684
HOMESIDE FINANCIAL, LLC 50 6.81% $5,685
JPMorgan Chase Bank 40 6.67% $2,948
DSLD MORTGAGE, LLC 34 5.71% $1,196
First Horizon Bank 33 6.24% $8,285
NEWREZ LLC 32 6.84% $6,917
UNION HOME MORTGAGE CORP. 31 6.76% $5,173
Red River Bank 13 6.42% $4,156
AFFORDABLE MORTGAGE ADVISORS, LLC. 12 6.79% $5,101
Jeff Davis Bancshares 12 8.04% $1,203
T2 FINANCIAL LLC 10 6.95% $4,878
Hancock Whitney Bank 8 7.11% $3,784
MORTGAGE FINANCIAL SERVICES, LLC 8 6.90% $6,241
SOUTHWEST LOUISIANA CREDIT UNION 8 7.08% $4,312
Gateway First Bank 8 6.97% $7,518
Flagstar Bank, FSB 7 6.91% $4,611
DHI MORTGAGE COMPANY, LTD. 7 5.82% $3,061
21ST MORTGAGE CORPORATION 6 8.39% $6,102
Nations Lending Corporation 6 6.90% $3,426
Mortgage Research Center, LLC 5 6.70% $3,123
U.S. Bank 5 6.97% $5,422
USAA Federal Savings Bank 5 6.20% $4,251
The Evangeline Bank & Trust Company 5 9.55% $1,502
Wells Fargo Bank 5 6.43% $4,646
Renasant Bank 5 7.13% $5,439
PLANET HOME LENDING, LLC 5 6.40% $5,132
Mr. Cooper ( Nationstar Mortgage ) 5 7.02% $5,005
MUTUAL OF OMAHA MORTGAGE, INC. 4 6.56% $5,302
LOANDEPOT.COM, LLC 4 6.56% $6,335
BancorpSouth 4 6.78% $7,736
THE MORTGAGE FIRM, INC. 4 7.00% $4,929
Sabine State Bank and Trust Company 4 7.19% $6,599
FREEDOM MORTGAGE CORPORATION 3 6.71% $13,435
VANDERBILT MORTGAGE AND FINANCE, INC. 3 8.08% $3,681
CROSSCOUNTRY MORTGAGE, LLC 3 6.83% $7,749
PLAZA HOME MORTGAGE, INC. 3 7.04% $4,916
FIRST COMMUNITY MORTGAGE, INC. 2 6.63% $3,791
EUSTIS AND AMERICAN MORTGAGE COMPANY 2 7.38% $6,041
Carrington Mortgage Services, LLC 2 7.93% $6,998
GUARANTEED RATE AFFINITY, LLC 2 7.02% $2,075
Bank of America 2 6.88% $4,216
ZILLOW HOME LOANS, LLC 2 6.63% $5,343
NAVY FEDERAL CREDIT UNION 2 6.75% $4,691
PREMIA MORTGAGE, LLC 2 6.80% $25
Prosperity Bank 2 6.13% $5,313
ROYAL UNITED MORTGAGE LLC 2 6.75% $7,851
STANDARD MORTGAGE CORPORATION 2 6.63% $4,623
Assurance Financial Group, L.L.C. 1 6.63% $3,873
La Capitol Federal Credit Union 1 7.13% $3,698
LENDSURE MORTGAGE CORP. 1 8.75% $14,667
GSB MORTGAGE, INC. 1 6.75% $10,131
LOS ANGELES POLICE Federal Credit Union 1 6.25% $3,714
MEMBER HOME LOAN, L.L.C. 1 6.75% $5,048
Merchants Bank of Indiana 1 7.00% $9,051
MID AMERICA MORTGAGE, INC. 1 6.88% $6,869
Morgan Stanley Private Bank 1 8.65% $3,512
ANECA Federal Credit Union 1 7.50% $4,262
Great Plains National Bank 1 7.00% $3,963
Barrington Bank & Trust Company, N.A. 1 6.38% $4,997
BETTER MORTGAGE CORPORATION 1 6.63% $7,634
Affiliated Bank 1 7.25% $4,893
NATIONS RELIABLE LENDING, LLC 1 6.49% $7,208
NATIONWIDE MORTGAGE BANKERS, INC. 1 6.99% $6,348
EMBRACE HOME LOANS, INC. 1 6.25% $6,464
NETWORK CAPITAL FUNDING CORPORATION 1 7.13% $5,690
AMERISAVE MORTGAGE CORPORATION 1 7.50% $5,761
NFM, INC. 1 7.13% $6,028
OCEANSIDE MORTGAGE COMPANY 1 6.38% $2,455
OPEN MORTGAGE, LLC 1 9.25% $10,464
Paramount Residential Mortgage Group, Inc. 1 7.38% $5,090
PENTAGON FEDERAL CREDIT UNION 1 6.13% $9,291
BROKER SOLUTIONS, INC. 1 7.49% $4,327
First Merchants Bank 1 6.13% $5,635
Citibank 1 5.88% $5,908
CITIZENS EQUITY FIRST 1 6.38% $4,519
AMERICAN PACIFIC MORTGAGE CORPORATION 1 7.50% $7,052
American National Bank & Trust 1 5.88% $3,130
Regions Bank 1 6.88% $14,272
CHEVRON 1 7.13% $2,999
DAS Acquisition Company, LLC 1 7.49% $3,806
S1L, Inc. 1 6.38% $3,713
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.38% $8,298
Simmons Bank 1 6.50% $4,778
SIRVA MORTGAGE, INC. 1 6.88% $0
AMERICAN INTERNET MORTGAGE, INC. 1 6.13% $3,033
CORNERSTONE HOME LENDING, INC. 1 7.13% $9,261
Summit Mortgage Corporation 1 7.63% $4,782
AMERICAN FINANCING CORPORATION 1 6.49% $5,777
The City National Bank of Sulphur Springs 1 7.63% $4,185
Equity Prime Mortgage LLC 1 7.50% $5,735
The Loan Store, Inc. 1 6.63% $3,719
Encompass Lending Group, LP 1 7.00% $7,889
Truity Federal Credit Union 1 7.50% $3,559
GUILD MORTGAGE COMPANY 1 6.50% $7,832
Bank of Whittier 1 6.63% $5,072
HOMEBRIDGE FINANCIAL SERVICES, INC. 1 8.50% $16,186
AMERICAN FINANCIAL RESOURCES, INC. 1 6.88% $7,792
INSPIRE HOME LOANS INC. 1 5.50% $3,922
INTERLINC MORTGAGE SERVICES, LLC 1 6.88% $4,331
GUARANTEED RATE, INC. 1 7.38% $6,496

LAKE CHARLES Average Closing Costs & Other Stats

LAKE CHARLES, LA's 103 lenders originated 2,679 loans during 2024. The total origination value was $640,725,000, with an average loan value of $239,166.

LAKE CHARLES's average closing costs are $5,344.

The top LAKE CHARLES lender as defined by loan originations is FIDELITY BANK, with 70 loans originated. Their average total fees are $5,539, which is $1,297 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

The lowest fee LAKE CHARLES lenders (with over 10 loans originated) are DSLD MORTGAGE, LLC ($1,196), Jeff Davis Bancshares ($1,203), JPMorgan Chase Bank ($2,948), Red River Bank ($4,156) and GMFS LLC ($4,684).

The lowest rate LAKE CHARLES lenders (with over 10 loans originated) are DSLD MORTGAGE, LLC (5.71%), First Horizon Bank (6.24%), Red River Bank (6.42%), JPMorgan Chase Bank (6.67%) and GMFS LLC (6.70%).

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 2023 Loan Value 2024 Loan Value % Change 2024 Market Share
Sabine State Bank and Trust Company $25,910,000 $47,390,000 82.9% 7.4%
UNITED WHOLESALE MORTGAGE, LLC $37,470,000 $36,645,000 -2.2% 5.7%
HOMESIDE FINANCIAL, LLC $95,000 $30,180,000 31,668.4% 4.7%
FIDELITY BANK $35,610,000 $28,445,000 -20.1% 4.4%
First Federal Bank of Louisiana $26,170,000 $26,640,000 1.8% 4.2%
GMFS LLC $30,490,000 $25,615,000 -16.0% 4.0%
DSLD MORTGAGE, LLC $19,795,000 $23,295,000 17.7% 3.6%
QUICKEN LOANS, LLC $17,660,000 $21,610,000 22.4% 3.4%
Cedar Rapids Bank and Trust Company $15,210,000 $20,610,000 35.5% 3.2%
DHI MORTGAGE COMPANY, LTD. $18,215,000 $19,440,000 6.7% 3.0%
Merchants Bank of Indiana $17,580,000 n/a 2.7%
NEWREZ LLC $12,345,000 $15,330,000 24.2% 2.4%
WALKER & DUNLOP, LLC $3,625,000 $14,865,000 310.1% 2.3%
b1BANK $8,915,000 $14,565,000 63.4% 2.3%
First Horizon Bank $22,210,000 $14,235,000 -35.9% 2.2%
Mortgage Research Center, LLC $10,930,000 $14,125,000 29.2% 2.2%
FREEDOM MORTGAGE CORPORATION $4,675,000 $14,015,000 199.8% 2.2%
Red River Bank $11,555,000 $13,060,000 13.0% 2.0%
UNION HOME MORTGAGE CORP. $11,635,000 $12,845,000 10.4% 2.0%
JPMorgan Chase Bank $11,855,000 $12,185,000 2.8% 1.9%
PNC Bank $270,000 $9,005,000 3,235.2% 1.4%
CSE Federal Credit Union $9,585,000 $8,790,000 -8.3% 1.4%
AFFORDABLE MORTGAGE ADVISORS, LLC. $8,585,000 n/a 1.3%
Jeff Davis Bancshares $13,190,000 $8,100,000 -38.6% 1.3%
21ST MORTGAGE CORPORATION $10,875,000 $7,925,000 -27.1% 1.2%
First National Bank in DeRidder $5,670,000 $6,915,000 22.0% 1.1%
The Evangeline Bank & Trust Company $16,415,000 $6,120,000 -62.7% 1.0%
GREYSTONE SERVICING COMPANY LLC $6,045,000 n/a 0.9%
T2 FINANCIAL LLC $4,395,000 $5,875,000 33.7% 0.9%
Equity Prime Mortgage LLC $940,000 $5,075,000 439.9% 0.8%
BancorpSouth $12,215,000 $5,050,000 -58.7% 0.8%
MORTGAGE FINANCIAL SERVICES, LLC $3,480,000 $4,745,000 36.4% 0.7%
Lakeside Bank $15,675,000 $4,535,000 -71.1% 0.7%
AMERICAN FINANCIAL RESOURCES, INC. $2,030,000 $4,245,000 109.1% 0.7%
SOUTHWEST LOUISIANA CREDIT UNION $6,635,000 $4,235,000 -36.2% 0.7%
Hancock Whitney Bank $6,400,000 $3,870,000 -39.5% 0.6%
Nations Lending Corporation $3,305,000 $3,790,000 14.7% 0.6%
PENNYMAC LOAN SERVICES, LLC $3,760,000 $3,640,000 -3.2% 0.6%
The Bank $5,450,000 $3,640,000 -33.2% 0.6%
FIRST NATIONAL BANK OF LA $3,290,000 $3,370,000 2.4% 0.5%
INSPIRE HOME LOANS INC. $235,000 $3,350,000 1,325.5% 0.5%
Merchants Capital Corp. $3,305,000 n/a 0.5%
VANDERBILT MORTGAGE AND FINANCE, INC. $6,305,000 $3,060,000 -51.5% 0.5%
Merchants & Farmers Bank & Trust Company $8,035,000 $2,895,000 -64.0% 0.5%
MUTUAL OF OMAHA MORTGAGE, INC. $630,000 $2,510,000 298.4% 0.4%
Gateway First Bank $7,455,000 $2,475,000 -66.8% 0.4%
Renasant Bank $2,730,000 $2,375,000 -13.0% 0.4%
CROSSCOUNTRY MORTGAGE, LLC $265,000 $2,265,000 754.7% 0.4%
NAVY FEDERAL CREDIT UNION $4,505,000 $2,230,000 -50.5% 0.3%
USAA Federal Savings Bank $3,060,000 $2,160,000 -29.4% 0.3%
U.S. Bank $955,000 $2,145,000 124.6% 0.3%
Flagstar Bank, FSB $995,000 $2,125,000 113.6% 0.3%
TRIAD FINANCIAL SERVICES, INC. $1,330,000 $2,115,000 59.0% 0.3%
EUSTIS AND AMERICAN MORTGAGE COMPANY $1,935,000 $2,105,000 8.8% 0.3%
VILLAGE CAPITAL MORTGAGE $185,000 $1,955,000 956.8% 0.3%
PLANET HOME LENDING, LLC $1,920,000 n/a 0.3%
LOANDEPOT.COM, LLC $4,205,000 $1,810,000 -57.0% 0.3%
THE MORTGAGE FIRM, INC. $4,260,000 $1,680,000 -60.6% 0.3%
HOMEBRIDGE FINANCIAL SERVICES, INC. $400,000 $1,550,000 287.5% 0.2%
AMERICAN PACIFIC MORTGAGE CORPORATION $3,595,000 $1,515,000 -57.9% 0.2%
PREMIA MORTGAGE, LLC $1,525,000 $1,345,000 -11.8% 0.2%
Wells Fargo Bank $3,585,000 $1,290,000 -64.0% 0.2%
DAS Acquisition Company, LLC $2,225,000 $1,230,000 -44.7% 0.2%
Mr. Cooper ( Nationstar Mortgage ) $1,755,000 $1,230,000 -29.9% 0.2%
Plains Commerce Bank $2,465,000 $1,105,000 -55.2% 0.2%
Prosperity Bank $1,100,000 n/a 0.2%
FINANCE OF AMERICA REVERSE LLC $430,000 $1,075,000 150.0% 0.2%
AMERISAVE MORTGAGE CORPORATION $1,720,000 $1,050,000 -39.0% 0.2%
MICHIGAN MUTUAL, INC. $1,030,000 n/a 0.2%
Bank of America $1,945,000 $1,005,000 -48.3% 0.2%
Bank of Whittier $970,000 n/a 0.2%
GUARANTEED RATE AFFINITY, LLC $945,000 n/a 0.1%
The First, A National Banking Association $935,000 n/a 0.1%
Carrington Mortgage Services, LLC $535,000 $900,000 68.2% 0.1%
Citibank $895,000 n/a 0.1%
EMBRACE HOME LOANS, INC. $885,000 n/a 0.1%
PLAZA HOME MORTGAGE, INC. $550,000 $850,000 54.5% 0.1%
STANDARD MORTGAGE CORPORATION $105,000 $795,000 657.1% 0.1%
Discover Bank $580,000 $765,000 31.9% 0.1%
MORTGAGE SOLUTIONS OF COLORADO, LLC $625,000 $740,000 18.4% 0.1%
STOCKTON MORTGAGE CORPORATION $860,000 $735,000 -14.5% 0.1%
Abbeville Building & Loan (A State-Chartered Savings Bank) $725,000 n/a 0.1%
AMWEST FUNDING CORP. $205,000 $715,000 248.8% 0.1%
CLEARPATH LENDING $365,000 $710,000 94.5% 0.1%
LAKEVIEW LOAN SERVICING, LLC $665,000 $705,000 6.0% 0.1%
MID AMERICA MORTGAGE, INC. $1,150,000 $705,000 -38.7% 0.1%
ZILLOW HOME LOANS, LLC $135,000 $695,000 414.8% 0.1%
Vermilion Bank & Trust Company $260,000 $665,000 155.8% 0.1%
Hamilton Mortgage Corporation $660,000 n/a 0.1%
OCMBC, INC. $690,000 $635,000 -8.0% 0.1%
CANOPY MORTGAGE, LLC $620,000 n/a 0.1%
NEW DAY FINANCIAL, LLC $595,000 $595,000 0.0% 0.1%
PRIMELENDING, A PLAINSCAPITAL COMPANY $1,095,000 $595,000 -45.7% 0.1%
Regions Bank $4,770,000 $595,000 -87.5% 0.1%
Summit Mortgage Corporation $550,000 n/a 0.1%
GUILD MORTGAGE COMPANY $165,000 $540,000 227.3% 0.1%
Figure Lending LLC $25,000 $520,000 1,980.0% 0.1%
Farmers-Merchants Bank & Trust Company $325,000 $510,000 56.9% 0.1%
PHH Mortgage Corporation $145,000 $505,000 248.3% 0.1%
SIRVA MORTGAGE, INC. $470,000 $495,000 5.3% 0.1%
Community Bank of Louisiana $485,000 n/a 0.1%
Pelican State Credit Union $445,000 $470,000 5.6% 0.1%
GENEVA FINANCIAL, LLC $455,000 n/a 0.1%
ROYAL UNITED MORTGAGE LLC $130,000 $450,000 246.2% 0.1%
GUARANTEED RATE, INC. $440,000 n/a 0.1%
NFM, INC. $435,000 n/a 0.1%
TOWNE MORTGAGE COMPANY $430,000 n/a 0.1%
BankPlus $425,000 n/a 0.1%
PRIMARY RESIDENTIAL MORTGAGE, INC. $415,000 n/a 0.1%
CREDIT HUMAN FEDERAL CREDIT UNION $635,000 $385,000 -39.4% 0.1%
NBKC BANK $385,000 n/a 0.1%
AMERICAN INTERNET MORTGAGE, INC. $345,000 $355,000 2.9% 0.1%
EVERETT FINANCIAL, INC. $355,000 n/a 0.1%
SOUTHWEST STAGE FUNDING, LLC $425,000 $355,000 -16.5% 0.1%
Hometown Equity Mortgage, LLC $345,000 n/a 0.1%
BROKER SOLUTIONS, INC. $655,000 $335,000 -48.9% 0.1%
Assurance Financial Group, L.L.C. $765,000 $320,000 -58.2% 0.0%
GSB MORTGAGE, INC. $315,000 n/a 0.0%
LENDSURE MORTGAGE CORP. $315,000 n/a 0.0%
CITIZENS EQUITY FIRST $305,000 n/a 0.0%
Magnolia Bank $115,000 $305,000 165.2% 0.0%
Simmons Bank $155,000 $305,000 96.8% 0.0%
Truity Federal Credit Union $245,000 $305,000 24.5% 0.0%
CORNERSTONE HOME LENDING, INC. $295,000 n/a 0.0%
Morgan Stanley Private Bank $1,950,000 $295,000 -84.9% 0.0%
Barrington Bank & Trust Company, N.A. $260,000 $290,000 11.5% 0.0%
FIRST COMMUNITY MORTGAGE, INC. $205,000 $280,000 36.6% 0.0%
Sunflower Bank $215,000 $275,000 27.9% 0.0%
The City National Bank of Sulphur Springs $275,000 n/a 0.0%
DOMINION FINANCIAL SERVICES, LLC $685,000 $270,000 -60.6% 0.0%
LEGEND LENDING CORPORATION $205,000 $265,000 29.3% 0.0%
The Federal Savings Bank $255,000 n/a 0.0%
PENTAGON FEDERAL CREDIT UNION $570,000 $250,000 -56.1% 0.0%
AMERICAN FINANCING CORPORATION $245,000 n/a 0.0%
La Capitol Federal Credit Union $245,000 n/a 0.0%
KEESLER $235,000 n/a 0.0%
ROUNDPOINT MORTGAGE SERVICING CORPORATION $235,000 n/a 0.0%
LENOX FINANCIAL MORTGAGE CORPORATION $225,000 n/a 0.0%
NATIONS RELIABLE LENDING, LLC $165,000 $225,000 36.4% 0.0%
The Loan Store, Inc. $225,000 n/a 0.0%
LIMA ONE CAPITAL, LLC $715,000 $220,000 -69.2% 0.0%
Paramount Residential Mortgage Group, Inc. $185,000 $215,000 16.2% 0.0%
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC $7,260,000 $205,000 -97.2% 0.0%
ARK-LA-TEX FINANCIAL SERVICES, LLC. $205,000 n/a 0.0%
Citizens Bank $6,400,000 $205,000 -96.8% 0.0%
OPEN MORTGAGE, LLC $75,000 $205,000 173.3% 0.0%
INTERLINC MORTGAGE SERVICES, LLC $195,000 n/a 0.0%
AMERICAN FINANCIAL NETWORK, INC. $3,075,000 $175,000 -94.3% 0.0%
BM Real Estate Services, Inc. $175,000 n/a 0.0%
Great Plains National Bank $175,000 n/a 0.0%
MOVEMENT MORTGAGE, LLC $175,000 n/a 0.0%
Origin Bank $170,000 n/a 0.0%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $1,365,000 $165,000 -87.9% 0.0%
LOS ANGELES POLICE Federal Credit Union $165,000 n/a 0.0%
SouthStar Bank, S.S.B. $165,000 n/a 0.0%
Affiliated Bank $155,000 n/a 0.0%
The Cottonport Bank $155,000 n/a 0.0%
CSL Financial, LLC $140,000 $150,000 7.1% 0.0%
BETTER MORTGAGE CORPORATION $115,000 $145,000 26.1% 0.0%
Home Federal Bank $145,000 n/a 0.0%
ANECA Federal Credit Union $185,000 $135,000 -27.0% 0.0%
Coastal Community Bank $295,000 $135,000 -54.2% 0.0%
Encompass Lending Group, LP $135,000 n/a 0.0%
OCEANSIDE MORTGAGE COMPANY $135,000 n/a 0.0%
Waterstone Mortgage Corporation $285,000 $125,000 -56.1% 0.0%
SPRING EQ, LLC $120,000 n/a 0.0%
American National Bank & Trust $105,000 n/a 0.0%
CHEVRON $105,000 $105,000 0.0% 0.0%
CIS Financial Services, Inc. $195,000 $105,000 -46.2% 0.0%
INTERNATIONAL CITY MORTGAGE, INC. $105,000 n/a 0.0%
MEMBER HOME LOAN, L.L.C. $275,000 $105,000 -61.8% 0.0%
NATIONWIDE MORTGAGE BANKERS, INC. $105,000 n/a 0.0%
Washington State Bank $105,000 n/a 0.0%
CARDINAL FINANCIAL $2,290,000 $95,000 -95.9% 0.0%
Gulf Coast Bank and Trust Company $420,000 $95,000 -77.4% 0.0%
LENDINGONE, LLC $515,000 $95,000 -81.6% 0.0%
Old National Bank $95,000 n/a 0.0%
First Merchants Bank $85,000 n/a 0.0%
NETWORK CAPITAL FUNDING CORPORATION $85,000 n/a 0.0%
Peoples Bank $75,000 n/a 0.0%
RESIDENTIAL BANCORP $235,000 $75,000 -68.1% 0.0%
ENCORE BANK $595,000 $65,000 -89.1% 0.0%
ESSENTIAL $65,000 n/a 0.0%
Planters Bank & Trust Company $65,000 n/a 0.0%
Guaranty Bank & Trust Company of Delhi, Louisiana $105,000 $55,000 -47.6% 0.0%
LONGBRIDGE FINANCIAL, LLC $65,000 $55,000 -15.4% 0.0%
S1L, Inc. $55,000 n/a 0.0%
Home Loan Investment Bank, F.S.B. $50,000 $50,000 0.0% 0.0%
Clearview Federal Credit Union $45,000 n/a 0.0%
Synergy Bank $45,000 n/a 0.0%
QUORUM FEDERAL CREDIT UNION $35,000 n/a 0.0%
Secured Investment Corp. $360,000 $35,000 -90.3% 0.0%
MidFirst Bank $35,000 $5,000 -85.7% 0.0%

LAKE CHARLES's top lender by overall market share is Sabine State Bank and Trust Company, with 7.4% market share. In second place, with 5.7%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $36,645,000 in loans. In third place, with 4.7%, is HOMESIDE FINANCIAL, LLC, having originated $30,180,000 in loans. In fourth place, with 4.4%, is FIDELITY BANK, having originated $28,445,000 in loans. In fifth place, with 4.2%, is First Federal Bank of Louisiana, having originated $26,640,000 in loans.

LAKE CHARLES, LA Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 1,788 $471,170,000 $263,518
Refi 418 $109,630,000 $262,273
Cash Out Refi 263 $39,155,000 $148,878
Other 131 $13,225,000 $100,954
Home Improvement 79 $7,545,000 $95,506

Lake Charles's most frequently cited loan purpose was Home Purchase, with 1,788 originations. The 2nd most popular reason was Refi, with 418 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
6-7% 1,022 $225,970,000 $221,106
Over 8% 459 $51,235,000 $111,623
7-8% 452 $146,280,000 $323,628
5-6% 265 $85,215,000 $321,566
4-5% 156 $41,980,000 $269,103
3-4% 19 $4,455,000 $234,474
<2.5% 3 $455,000 $151,667
2.5-3% 3 $705,000 $235,000

During 2024, Lake Charles's most frequently originated rate bucket was 6-7%, with 1,022 originations.

Loan Sizing (LAKE CHARLES, LA MSA)

Loan Size Originations Total Value Average Loan
$200k-400k 958 $253,240,000 $264,342
$100k-200k 895 $135,355,000 $151,235
$100,000 or less 652 $40,520,000 $62,147
$400k-600k 112 $52,220,000 $466,250
$600k-1000k 43 $31,355,000 $729,186
$Over $1MM 19 $128,035,000 $6,738,684

LAKE CHARLES's loan sizing saw the bucket of loans from $200k-400k with 958 originations, totaling $253,240,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 1,374 $301,700,000 $219,578
60-80% 448 $117,650,000 $262,612
40-60% 188 $76,520,000 $407,021
20-40% 159 $17,365,000 $109,214
Under 20% 101 $5,065,000 $50,149
Over 100% 44 $24,940,000 $566,818

LAKE CHARLES's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 1,374 originations, totaling $301,700,000 in origination value.