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 7.17% for the week of 2024-06-06, compared to the national average of 6.99% for the same period.

The average rate for the prior week (2024-05-30) was 6.91% and one month ago for the week of 2024-05-02, the average rate was 7.4%.

Lake Charles's average rate one year ago was 6.97%.

For refis of the same type during the week of 2024-06-06, the average rate was 6.88%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-06-06 6.99%
Lake Charles 30 Year Fixed Rate 2024-06-06 7.17%
Lake Charles 30 Year Fixed Rate Refi 2024-06-06 6.88%
Lake Charles 15 Year Fixed Rate 2024-06-06 6.29%
Lake Charles 15 Year Fixed Rate Refi 2024-06-06 6.89%
Lake Charles 30 Year FHA 2024-06-06 6.5%
Lake Charles 30 Year FHA Refi 2024-06-06 6.69%
Lake Charles 30 Year USDA 2024-06-06 6.54%
Lake Charles 30 Year USDA Refi 2024-06-06 6.9%
Lake Charles 30 Year VA 2024-06-06 6.57%
Lake Charles 30 Year VA Refi 2024-06-06 6.59%
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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
FIDELITY BANK 76 6.77% $5,434
GMFS LLC 75 6.76% $5,208
UNITED WHOLESALE MORTGAGE, LLC 59 6.81% $6,862
NTFN, INC. 58 6.92% $5,983
DSLD MORTGAGE, LLC 48 5.72% $1,202
QUICKEN LOANS, LLC 44 6.81% $7,496
JPMorgan Chase Bank 39 6.96% $3,256
Gateway First Bank 31 7.10% $6,988
DHI MORTGAGE COMPANY, LTD. 27 5.68% $3,646
UNION HOME MORTGAGE CORP. 27 6.55% $4,776
NEWREZ LLC 25 6.94% $6,078
First Horizon Bank 22 6.87% $5,076
Citizens Bank 17 6.68% $5,229
Jeff Davis Bancshares 15 7.87% $1,634
THE MORTGAGE FIRM, INC. 15 6.92% $4,500
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 11 7.07% $6,725
BancorpSouth 10 6.39% $5,411
Red River Bank 10 6.37% $3,630
Hancock Whitney Bank 8 6.27% $3,523
Renasant Bank 8 7.28% $6,246
Wells Fargo Bank 8 5.86% $3,653
LOANDEPOT.COM, LLC 8 6.57% $9,999
T2 FINANCIAL LLC 8 6.66% $4,409
AMERICAN FINANCIAL NETWORK, INC. 7 7.20% $4,767
Sabine State Bank and Trust Company 7 7.55% $5,183
The Evangeline Bank & Trust Company 6 9.38% $2,521
PENNYMAC LOAN SERVICES, LLC 6 6.62% $6,198
MORTGAGE FINANCIAL SERVICES, LLC 6 6.98% $4,432
AMERICAN PACIFIC MORTGAGE CORPORATION 5 7.20% $8,572
USAA Federal Savings Bank 5 6.48% $6,669
EUSTIS AND AMERICAN MORTGAGE COMPANY 5 6.95% $4,375
Nations Lending Corporation 5 7.12% $2,582
NAVY FEDERAL CREDIT UNION 4 7.91% $5,189
Morgan Stanley Private Bank 4 6.09% $3,819
Mr. Cooper ( Nationstar Mortgage ) 4 6.56% $7,264
VANDERBILT MORTGAGE AND FINANCE, INC. 4 8.12% $6,334
21ST MORTGAGE CORPORATION 4 7.99% $5,939
CRESCENT MORTGAGE COMPANY 3 7.13% $4,257
DAS Acquisition Company, LLC 3 7.29% $8,429
Mortgage Research Center, LLC 3 6.70% $3,564
PREMIA MORTGAGE, LLC 3 6.71% $807
Flagstar Bank, FSB 2 7.18% $4,208
Assurance Financial Group, L.L.C. 2 7.24% $6,539
COUNTRYPLACE MORTGAGE, LTD. 2 7.50% $2,559
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 7.19% $5,352
Home Bank 2 7.00% $3,832
Discover Bank 2 6.87% $0
BARKSDALE 2 6.31% $5,024
Regions Bank 2 5.63% $5,968
AMERISAVE MORTGAGE CORPORATION 2 6.69% $5,665
Bank of America 2 6.25% $6,366
SIRVA MORTGAGE, INC. 2 7.06% $14
STOCKTON MORTGAGE CORPORATION 2 7.38% $5,386
U.S. Bank 2 7.13% $4,456
CARDINAL FINANCIAL 2 6.94% $10,713
NP, Inc. 2 6.31% $3,804
Carrington Mortgage Services, LLC 1 5.75% $7,513
BNC National Bank 1 5.88% $4,434
BETTER MORTGAGE CORPORATION 1 5.63% $5,414
EASTMAN 1 6.13% $3,403
ENCORE BANK 1 1.00% $3,134
Farmers Bank & Trust 1 6.00% $3,854
FIRST COMMUNITY MORTGAGE, INC. 1 6.99% $8,412
First National Bank of America 1 9.38% $7,150
Goldman Sachs Bank USA 1 5.25% $5,135
GSF Mortgage Corporation 1 5.63% $3,056
GUILD MORTGAGE COMPANY 1 6.99% $8,516
HOMESIDE FINANCIAL, LLC 1 6.13% $3,864
HOMESTEAD FUNDING CORP. 1 5.75% $4,727
ANECA Federal Credit Union 1 6.13% $3,118
LAND HOME FINANCIAL SERVICES, INC. 1 7.63% $6,542
MEMBER HOME LOAN, L.L.C. 1 6.88% $7,354
AmeriHome Mortgage Company, LLC 1 6.50% $16,067
OCMBC, INC. 1 8.88% $13,804
Plains Commerce Bank 1 6.88% $4,468
PLAZA HOME MORTGAGE, INC. 1 6.75% $3,998
PNC Bank 1 6.75% $4,195
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 6.63% $6,638
Prosperity Home Mortgage, LLC 1 6.25% $8,340
AMERICAN INTERNET MORTGAGE, INC. 1 5.38% $11,607
Quontic Bank 1 9.38% $8,175
Raymond James Bank 1 6.50% $4,968
ZILLOW HOME LOANS, LLC 1 6.00% $4,505
Republic State Mortgage Co. 1 7.75% $9,191
RESIDENTIAL BANCORP 1 6.25% $10,921
South State Bank 1 7.50% $4,805
The Bank 1 9.00% $3,169
AMERICAN FINANCIAL RESOURCES, INC. 1 8.00% $7,509
THE MORTGAGE LINK, INC. 1 7.00% $6,995
Truity Federal Credit Union 1 5.88% $5,428
Ally Bank 1 6.75% $5,502
V.I.P. MORTGAGE, INC. 1 7.38% $7,267
Waterstone Mortgage Corporation 1 7.38% $9,854

LAKE CHARLES Average Closing Costs & Other Stats

LAKE CHARLES, LA's 93 lenders originated 2,821 loans during 2023. The total origination value was $625,025,000, with an average loan value of $221,562.

LAKE CHARLES's average closing costs are $5,215.

The top LAKE CHARLES lender as defined by loan originations is FIDELITY BANK, with 76 loans originated. Their average total fees are $5,434, which is $226 higher than the next largest lender, GMFS LLC.

The lowest fee LAKE CHARLES lenders (with over 10 loans originated) are DSLD MORTGAGE, LLC ($1,202), Jeff Davis Bancshares ($1,634), JPMorgan Chase Bank ($3,256), Red River Bank ($3,630) and DHI MORTGAGE COMPANY, LTD. ($3,646).

The lowest rate LAKE CHARLES lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (5.68%), DSLD MORTGAGE, LLC (5.72%), Red River Bank (6.37%), BancorpSouth (6.39%) and UNION HOME MORTGAGE CORP. (6.55%).

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 2022 Loan Value 2023 Loan Value % Change 2023 Market Share
UNITED WHOLESALE MORTGAGE, LLC $42,155,000 $37,470,000 -11.1% 6.0%
FIDELITY BANK $51,425,000 $35,610,000 -30.8% 5.7%
GMFS LLC $37,930,000 $30,490,000 -19.6% 4.9%
First Federal Bank of Louisiana $42,125,000 $26,170,000 -37.9% 4.2%
Sabine State Bank and Trust Company $10,835,000 $25,910,000 139.1% 4.1%
NTFN, INC. $30,480,000 $25,175,000 -17.4% 4.0%
First Horizon Bank $30,510,000 $22,210,000 -27.2% 3.6%
DSLD MORTGAGE, LLC $16,535,000 $19,795,000 19.7% 3.2%
DHI MORTGAGE COMPANY, LTD. $22,385,000 $18,215,000 -18.6% 2.9%
QUICKEN LOANS, LLC $31,995,000 $17,660,000 -44.8% 2.8%
The Evangeline Bank & Trust Company $19,930,000 $16,415,000 -17.6% 2.6%
Lakeside Bank $17,085,000 $15,675,000 -8.3% 2.5%
Cedar Rapids Bank and Trust Company $15,210,000 n/a 2.4%
Jeff Davis Bancshares $18,770,000 $13,190,000 -29.7% 2.1%
NEWREZ LLC $2,580,000 $12,345,000 378.5% 2.0%
BancorpSouth $13,625,000 $12,215,000 -10.3% 2.0%
JPMorgan Chase Bank $13,395,000 $11,855,000 -11.5% 1.9%
UNION HOME MORTGAGE CORP. $2,945,000 $11,635,000 295.1% 1.9%
Red River Bank $10,480,000 $11,555,000 10.3% 1.8%
Mortgage Research Center, LLC $12,725,000 $10,930,000 -14.1% 1.7%
21ST MORTGAGE CORPORATION $8,575,000 $10,875,000 26.8% 1.7%
CSE Federal Credit Union $15,015,000 $9,585,000 -36.2% 1.5%
b1BANK $29,415,000 $8,915,000 -69.7% 1.4%
Merchants & Farmers Bank & Trust Company $16,635,000 $8,035,000 -51.7% 1.3%
Gateway First Bank $13,495,000 $7,455,000 -44.8% 1.2%
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC $2,715,000 $7,260,000 167.4% 1.2%
SOUTHWEST LOUISIANA CREDIT UNION $14,805,000 $6,635,000 -55.2% 1.1%
Citizens Bank $29,270,000 $6,400,000 -78.1% 1.0%
Hancock Whitney Bank $7,895,000 $6,400,000 -18.9% 1.0%
VANDERBILT MORTGAGE AND FINANCE, INC. $3,330,000 $6,305,000 89.3% 1.0%
First National Bank in DeRidder $12,935,000 $5,670,000 -56.2% 0.9%
The Bank $11,255,000 $5,450,000 -51.6% 0.9%
ORIX REAL ESTATE CAPITAL, LLC $5,195,000 n/a 0.8%
Regions Bank $1,380,000 $4,770,000 245.7% 0.8%
FREEDOM MORTGAGE CORPORATION $12,790,000 $4,675,000 -63.4% 0.7%
NAVY FEDERAL CREDIT UNION $2,935,000 $4,505,000 53.5% 0.7%
T2 FINANCIAL LLC $4,395,000 n/a 0.7%
THE MORTGAGE FIRM, INC. $8,820,000 $4,260,000 -51.7% 0.7%
LOANDEPOT.COM, LLC $27,865,000 $4,205,000 -84.9% 0.7%
Investar Bank $4,115,000 $4,150,000 0.9% 0.7%
Community First Bank $675,000 $3,950,000 485.2% 0.6%
Chickasaw Community Bank $1,190,000 $3,845,000 223.1% 0.6%
PENNYMAC LOAN SERVICES, LLC $6,710,000 $3,760,000 -44.0% 0.6%
WALKER & DUNLOP, LLC $3,625,000 n/a 0.6%
AMERICAN PACIFIC MORTGAGE CORPORATION $340,000 $3,595,000 957.4% 0.6%
Wells Fargo Bank $6,200,000 $3,585,000 -42.2% 0.6%
MORTGAGE FINANCIAL SERVICES, LLC $8,485,000 $3,480,000 -59.0% 0.6%
Nations Lending Corporation $5,790,000 $3,305,000 -42.9% 0.5%
FIRST NATIONAL BANK OF LA $9,855,000 $3,290,000 -66.6% 0.5%
AMERICAN FINANCIAL NETWORK, INC. $3,075,000 n/a 0.5%
USAA Federal Savings Bank $2,485,000 $3,060,000 23.1% 0.5%
Renasant Bank $705,000 $2,730,000 287.2% 0.4%
Plains Commerce Bank $1,240,000 $2,465,000 98.8% 0.4%
CARDINAL FINANCIAL $3,425,000 $2,290,000 -33.1% 0.4%
DAS Acquisition Company, LLC $3,985,000 $2,225,000 -44.2% 0.4%
AMERICAN FINANCIAL RESOURCES, INC. $2,565,000 $2,030,000 -20.9% 0.3%
Morgan Stanley Private Bank $4,555,000 $1,950,000 -57.2% 0.3%
Bank of America $840,000 $1,945,000 131.5% 0.3%
EUSTIS AND AMERICAN MORTGAGE COMPANY $4,010,000 $1,935,000 -51.7% 0.3%
Mr. Cooper ( Nationstar Mortgage ) $5,430,000 $1,755,000 -67.7% 0.3%
AMERISAVE MORTGAGE CORPORATION $6,895,000 $1,720,000 -75.1% 0.3%
Home Bank $940,000 $1,535,000 63.3% 0.2%
PREMIA MORTGAGE, LLC $3,025,000 $1,525,000 -49.6% 0.2%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $1,980,000 $1,365,000 -31.1% 0.2%
TRIAD FINANCIAL SERVICES, INC. $3,375,000 $1,330,000 -60.6% 0.2%
MID AMERICA MORTGAGE, INC. $220,000 $1,150,000 422.7% 0.2%
PRIMELENDING, A PLAINSCAPITAL COMPANY $540,000 $1,095,000 102.8% 0.2%
CRESCENT MORTGAGE COMPANY $10,165,000 $1,065,000 -89.5% 0.2%
Flagstar Bank, FSB $1,855,000 $995,000 -46.4% 0.2%
U.S. Bank $450,000 $955,000 112.2% 0.2%
Equity Prime Mortgage LLC $920,000 $940,000 2.2% 0.2%
First Guaranty Bank $1,510,000 $925,000 -38.7% 0.1%
STOCKTON MORTGAGE CORPORATION $305,000 $860,000 182.0% 0.1%
NP, Inc. $4,120,000 $835,000 -79.7% 0.1%
CMG MORTGAGE, INC. $180,000 $830,000 361.1% 0.1%
Assurance Financial Group, L.L.C. $2,805,000 $765,000 -72.7% 0.1%
Goldman Sachs Bank USA $725,000 n/a 0.1%
LIMA ONE CAPITAL, LLC $3,905,000 $715,000 -81.7% 0.1%
OCMBC, INC. $690,000 n/a 0.1%
DOMINION FINANCIAL SERVICES, LLC $685,000 n/a 0.1%
LAKEVIEW LOAN SERVICING, LLC $1,600,000 $665,000 -58.4% 0.1%
BROKER SOLUTIONS, INC. $1,395,000 $655,000 -53.0% 0.1%
CREDIT HUMAN FEDERAL CREDIT UNION $210,000 $635,000 202.4% 0.1%
MUTUAL OF OMAHA MORTGAGE, INC. $1,020,000 $630,000 -38.2% 0.1%
MORTGAGE SOLUTIONS OF COLORADO, LLC $205,000 $625,000 204.9% 0.1%
BARKSDALE $1,135,000 $620,000 -45.4% 0.1%
ARC HOME LLC $605,000 n/a 0.1%
ENCORE BANK $595,000 n/a 0.1%
NEW DAY FINANCIAL, LLC $1,910,000 $595,000 -68.8% 0.1%
Discover Bank $250,000 $580,000 132.0% 0.1%
PENTAGON FEDERAL CREDIT UNION $1,740,000 $570,000 -67.2% 0.1%
PLAZA HOME MORTGAGE, INC. $605,000 $550,000 -9.1% 0.1%
Carrington Mortgage Services, LLC $1,530,000 $535,000 -65.0% 0.1%
COUNTRYPLACE MORTGAGE, LTD. $550,000 $530,000 -3.6% 0.1%
LENDINGONE, LLC $515,000 n/a 0.1%
Progressive Bank $505,000 n/a 0.1%
Raymond James Bank $495,000 n/a 0.1%
SIRVA MORTGAGE, INC. $470,000 n/a 0.1%
M&T Bank $75,000 $450,000 500.0% 0.1%
AmeriHome Mortgage Company, LLC $740,000 $445,000 -39.9% 0.1%
Pelican State Credit Union $2,280,000 $445,000 -80.5% 0.1%
FINANCE OF AMERICA REVERSE LLC $155,000 $430,000 177.4% 0.1%
V.I.P. MORTGAGE, INC. $430,000 n/a 0.1%
SOUTHWEST STAGE FUNDING, LLC $105,000 $425,000 304.8% 0.1%
Gulf Coast Bank and Trust Company $265,000 $420,000 58.5% 0.1%
EASTMAN $410,000 n/a 0.1%
HOMEBRIDGE FINANCIAL SERVICES, INC. $195,000 $400,000 105.1% 0.1%
FBC MORTGAGE, LLC $265,000 $370,000 39.6% 0.1%
CLEARPATH LENDING $325,000 $365,000 12.3% 0.1%
Secured Investment Corp. $1,490,000 $360,000 -75.8% 0.1%
ANGEL OAK MORTGAGE SOLUTIONS LLC $355,000 n/a 0.1%
BNC National Bank $275,000 $355,000 29.1% 0.1%
AMERICAN INTERNET MORTGAGE, INC. $135,000 $345,000 155.6% 0.1%
Farmers-Merchants Bank & Trust Company $380,000 $325,000 -14.5% 0.1%
HOMESTEAD FUNDING CORP. $315,000 n/a 0.1%
First National Bank of America $450,000 $300,000 -33.3% 0.0%
Coastal Community Bank $295,000 n/a 0.0%
The First National Bank of Jeanerette $1,195,000 $285,000 -76.2% 0.0%
Waterstone Mortgage Corporation $285,000 n/a 0.0%
Farmers Bank & Trust $275,000 n/a 0.0%
MEMBER HOME LOAN, L.L.C. $165,000 $275,000 66.7% 0.0%
PNC Bank $2,085,000 $270,000 -87.1% 0.0%
CROSSCOUNTRY MORTGAGE, LLC $850,000 $265,000 -68.8% 0.0%
Barrington Bank & Trust Company, N.A. $495,000 $260,000 -47.5% 0.0%
Vermilion Bank & Trust Company $260,000 n/a 0.0%
EFCU FINANCIAL $90,000 $255,000 183.3% 0.0%
LIBERTY HOME MORTGAGE CORPORATION $255,000 n/a 0.0%
TOP FLITE FINANCIAL, INC. $255,000 n/a 0.0%
Rayne Building and Loan Association $415,000 $245,000 -41.0% 0.0%
Republic State Mortgage Co. $630,000 $245,000 -61.1% 0.0%
Truity Federal Credit Union $245,000 n/a 0.0%
INSPIRE HOME LOANS INC. $235,000 n/a 0.0%
RESIDENTIAL BANCORP $235,000 n/a 0.0%
First Federal Bank $165,000 $225,000 36.4% 0.0%
Quontic Bank $285,000 $225,000 -21.1% 0.0%
Prosperity Home Mortgage, LLC $220,000 n/a 0.0%
Sunflower Bank $215,000 n/a 0.0%
AMWEST FUNDING CORP. $205,000 n/a 0.0%
FIRST COMMUNITY MORTGAGE, INC. $205,000 n/a 0.0%
LEGEND LENDING CORPORATION $205,000 n/a 0.0%
CIS Financial Services, Inc. $285,000 $195,000 -31.6% 0.0%
HOMEXPRESS MORTGAGE CORP. $195,000 n/a 0.0%
THE MORTGAGE LINK, INC. $195,000 n/a 0.0%
ANECA Federal Credit Union $185,000 n/a 0.0%
Paramount Residential Mortgage Group, Inc. $335,000 $185,000 -44.8% 0.0%
South State Bank $185,000 n/a 0.0%
VILLAGE CAPITAL MORTGAGE $1,225,000 $185,000 -84.9% 0.0%
CITY FIRST MORTGAGE SERVICES, L.L.C. $175,000 n/a 0.0%
NUMARK CREDIT UNION $105,000 $175,000 66.7% 0.0%
GUILD MORTGAGE COMPANY $715,000 $165,000 -76.9% 0.0%
NATIONS RELIABLE LENDING, LLC $7,890,000 $165,000 -97.9% 0.0%
AMERITRUST MORTGAGE CORPORATION $155,000 n/a 0.0%
Simmons Bank $155,000 n/a 0.0%
Bank of England $625,000 $145,000 -76.8% 0.0%
GSF Mortgage Corporation $245,000 $145,000 -40.8% 0.0%
LAND HOME FINANCIAL SERVICES, INC. $145,000 n/a 0.0%
PHH Mortgage Corporation $310,000 $145,000 -53.2% 0.0%
CSL Financial, LLC $915,000 $140,000 -84.7% 0.0%
M C Bank & Trust Company $140,000 n/a 0.0%
Ally Bank $2,495,000 $135,000 -94.6% 0.0%
ZILLOW HOME LOANS, LLC $135,000 n/a 0.0%
ROYAL UNITED MORTGAGE LLC $480,000 $130,000 -72.9% 0.0%
Commerce Home Mortgage, Inc. $785,000 $125,000 -84.1% 0.0%
BETTER MORTGAGE CORPORATION $1,555,000 $115,000 -92.6% 0.0%
Magnolia Bank $155,000 $115,000 -25.8% 0.0%
TIB The Independent Bankersbank $115,000 n/a 0.0%
CHEVRON $105,000 n/a 0.0%
Guaranty Bank & Trust Company of Delhi, Louisiana $105,000 n/a 0.0%
STANDARD MORTGAGE CORPORATION $400,000 $105,000 -73.8% 0.0%
HOMESIDE FINANCIAL, LLC $340,000 $95,000 -72.1% 0.0%
VELOCITY COMMERCIAL CAPITAL, LLC $95,000 n/a 0.0%
OPEN MORTGAGE, LLC $75,000 $75,000 0.0% 0.0%
Bank of Springfield $65,000 n/a 0.0%
LONGBRIDGE FINANCIAL, LLC $65,000 n/a 0.0%
Sterling Bank $65,000 n/a 0.0%
Evolve Bank & Trust $55,000 n/a 0.0%
First National Bank $45,000 $55,000 22.2% 0.0%
Home Loan Investment Bank, F.S.B. $40,000 $50,000 25.0% 0.0%
APCI Federal Credit Union $45,000 n/a 0.0%
MidFirst Bank $25,000 $35,000 40.0% 0.0%
Figure Lending LLC $350,000 $25,000 -92.9% 0.0%
United Community Bank $130,000 $15,000 -88.5% 0.0%

LAKE CHARLES's top lender by overall market share is UNITED WHOLESALE MORTGAGE, LLC, with 6.0% market share. In second place, with 5.7%, is FIDELITY BANK, having originated $35,610,000 in loans. In third place, with 4.9%, is GMFS LLC, having originated $30,490,000 in loans. In fourth place, with 4.2%, is First Federal Bank of Louisiana, having originated $26,170,000 in loans. In fifth place, with 4.1%, is Sabine State Bank and Trust Company, having originated $25,910,000 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 $231,000 (-3.7%) $294,716 (-11.0%) 0.86 849
2018-02-01 $229,250 (-4.3%) $290,130 (-11.5%) 0.83 838
2018-03-01 $234,900 (-4.5%) $293,049 (-12.0%) 0.82 825
2018-04-01 $235,250 (-5.9%) $293,284 (-13.0%) 0.80 817
2018-05-01 $244,500 (-2.2%) $306,979 (-11.0%) 0.82 803
2018-06-01 $240,000 (-3.7%) $300,900 (-12.1%) 0.80 885
2018-07-01 $235,000 (-4.5%) $296,453 (-9.7%) 0.78 914
2018-08-01 $239,925 (-0.9%) $325,459 (4.2%) 0.80 933
2018-09-01 $235,958 (-1.6%) $319,951 (5.1%) 0.79 952
2018-10-01 $235,479 (-0.6%) $313,600 (3.8%) 0.80 978
2018-11-01 $234,358 (0.7%) $316,874 (5.2%) 0.79 987
2018-12-01 $234,700 (0.5%) $322,782 (7.8%) 0.81 979
2019-01-01 $234,950 (1.7%) $318,136 (8.0%) 0.81 973
2019-02-01 $236,860 (3.3%) $316,143 (9.0%) 0.80 974
2019-03-01 $238,999 (1.8%) $320,703 (9.4%) 0.78 950
2019-04-01 $239,636 (1.9%) $326,348 (11.3%) 0.76 928
2019-05-01 $241,700 (-1.2%) $335,309 (9.2%) 0.76 901
2019-06-01 $240,667 (0.3%) $328,390 (9.1%) 0.75 879
2019-07-01 $239,375 (1.9%) $322,993 (9.0%) 0.75 940
2019-08-01 $235,827 (-1.7%) $318,585 (-2.1%) 0.75 965
2019-09-01 $232,268 (-1.6%) $317,460 (-0.8%) 0.74 966
2019-10-01 $230,000 (-2.3%) $319,554 (1.9%) 0.74 957
2019-11-01 $229,950 (-1.9%) $318,376 (0.5%) 0.75 948
2019-12-01 $220,000 (-6.3%) $259,380 (-19.6%) 0.73 850
2020-01-01 $219,900 (-6.4%) $261,329 (-17.9%) 0.73 836
2020-02-01 $223,700 (-5.6%) $264,697 (-16.3%) 0.73 845
2020-03-01 $220,950 (-7.6%) $270,241 (-15.7%) 0.69 862
2020-04-01 $219,600 (-8.4%) $269,577 (-17.4%) 0.69 886
2020-05-01 $220,990 (-8.6%) $273,204 (-18.5%) 0.67 866
2020-06-01 $224,812 (-6.6%) $280,946 (-14.5%) 0.66 853
2020-07-01 $224,775 (-6.1%) $284,137 (-12.0%) 0.65 837
2020-08-01 $220,900 (-6.3%) $286,257 (-10.2%) 0.63 839
2020-09-01 $221,225 (-4.8%) $285,808 (-10.0%) 0.63 674
2020-10-01 $225,500 (-2.0%) $291,843 (-8.7%) 0.65 554
2020-11-01 $228,858 (-0.5%) $282,198 (-11.4%) 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 (11.1%) 0.71 403
2021-03-01 $238,450 (7.9%) $291,157 (7.7%) 0.68 364
2021-04-01 $236,920 (7.9%) $289,688 (7.5%) 0.64 346
2021-05-01 $231,999 (5.0%) $296,690 (8.6%) 0.62 307
2021-06-01 $230,750 (2.6%) $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 (4.8%) $292,828 (2.3%) 0.62 375
2021-09-01 $231,500 (4.6%) $285,080 (-0.3%) 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 (-7.6%) $279,878 (-3.4%) 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%) $271,946 (3.8%) 0.58 878
2023-01-01 $236,225 (5.5%) $276,139 (4.0%) 0.59 836
2023-02-01 $229,475 (5.2%) $271,433 (2.0%) 0.55 815
2023-03-01 $236,750 (7.7%) $281,413 (5.4%) 0.56 823
2023-04-01 $235,000 (7.4%) $284,281 (1.6%) 0.55 811
2023-05-01 $242,400 (10.2%) $294,189 (2.9%) 0.55 893
2023-06-01 $249,450 (5.2%) $298,551 (2.4%) 0.56 876
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
2023-11-01 $239,675 (0.5%) $288,707 (5.2%) 0.57 906
2023-12-01 $239,999 (2.1%) $289,403 (6.4%) 0.59 888
2024-01-01 $239,950 (1.6%) $289,436 (4.8%) 0.59 835
2024-02-01 $244,400 (6.5%) $292,779 (7.9%) 0.59 882
2024-03-01 $245,000 (3.5%) $298,297 (6.0%) 0.58 916
2024-04-01 $247,000 (5.1%) $304,969 (7.3%) 0.57 929
2024-05-01 $249,950 (3.1%) $314,859 (7.0%) 0.56 916
LAKE CHARLES's median listing price for 2024-05-01 was $249,950, a difference of $7,550 (3.1%) versus the prior year and $2,950 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 2024-05-01 was $314,859, a difference of $20,670 (7.0%) versus the prior year and $9,890 versus the prior month.

For the 2024-05-01 period, LAKE CHARLES had 916 MLS listings, a difference of -13 listings (-1%) versus the prior month and 23 listings (3%) 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 1,961 sqft
2018-02-01 88 days 1,928 sqft
2018-03-01 80 days 1,940 sqft
2018-04-01 71 days 1,946 sqft
2018-05-01 69 days 1,996 sqft
2018-06-01 69 days 2,000 sqft
2018-07-01 74 days 1,982 sqft
2018-08-01 79 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 1,986 sqft
2019-03-01 82 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 79 days 2,009 sqft
2019-08-01 79 days 1,998 sqft
2019-09-01 81 days 1,989 sqft
2019-10-01 82 days 1,993 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 80 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 97 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
2023-11-01 90 days 1,857 sqft
2023-12-01 94 days 1,860 sqft
2024-01-01 102 days 1,867 sqft
2024-02-01 94 days 1,876 sqft
2024-03-01 80 days 1,880 sqft
2024-04-01 74 days 1,884 sqft
2024-05-01 77 days 1,897 sqft
LAKE CHARLES's median listing age (time on market) for 2024-05-01 was 77 days. This is 7% longer than the same period one year ago.

LAKE CHARLES's median square footage for active listings during the 2024-05-01 period was 1,897 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.

For additional perspective within a market, below is information regarding the average rents (as defined by HUD) for zip codes within the metro area. Descriptive statistics (average, median) are shown below the table.
Zip Code Metro Studio Apartment Rent 1BR Apartment Rent 2BR Apartment Rent 3BR Apartment Rent 4BR Apartment Rent
70542 Lake Charles, LA MSA $600 $690 $800 $1,000 $1,120
70549 Lake Charles, LA MSA $600 $620 $800 $1,000 $1,120
70601 Lake Charles, LA MSA $750 $760 $980 $1,230 $1,320
70602 Lake Charles, LA MSA $750 $760 $980 $1,230 $1,320
70605 Lake Charles, LA MSA $970 $980 $1,260 $1,580 $1,690
70606 Lake Charles, LA MSA $750 $770 $980 $1,230 $1,320
70607 Lake Charles, LA MSA $720 $730 $940 $1,180 $1,260
70611 Lake Charles, LA MSA $750 $760 $980 $1,230 $1,320
70612 Lake Charles, LA MSA $750 $760 $980 $1,230 $1,320
70615 Lake Charles, LA MSA $740 $750 $960 $1,210 $1,290
70616 Lake Charles, LA MSA $750 $760 $980 $1,230 $1,320
70629 Lake Charles, LA MSA $750 $760 $980 $1,230 $1,320
70630 Lake Charles, LA MSA $620 $620 $800 $1,010 $1,120
70631 Lake Charles, LA MSA $740 $770 $960 $1,230 $1,310
70632 Lake Charles, LA MSA $780 $790 $1,010 $1,270 $1,360
70633 Lake Charles, LA MSA $710 $720 $930 $1,160 $1,240
70643 Lake Charles, LA MSA $600 $670 $800 $1,000 $1,120
70645 Lake Charles, LA MSA $830 $840 $1,080 $1,360 $1,450
70646 Lake Charles, LA MSA $600 $620 $800 $1,000 $1,120
70647 Lake Charles, LA MSA $750 $760 $980 $1,230 $1,320
70657 Lake Charles, LA MSA $720 $730 $940 $1,180 $1,260
70661 Lake Charles, LA MSA $600 $620 $800 $1,000 $1,120
70663 Lake Charles, LA MSA $750 $760 $970 $1,220 $1,300
70664 Lake Charles, LA MSA $750 $760 $980 $1,230 $1,320
70665 Lake Charles, LA MSA $890 $910 $1,160 $1,460 $1,560
70668 Lake Charles, LA MSA $640 $650 $830 $1,040 $1,120
70669 Lake Charles, LA MSA $900 $910 $1,170 $1,470 $1,570

2022 Average & Median Rent Data Statistics
LAKE CHARLES, LA average 1BR rent: $749, median: $760
LAKE CHARLES, LA average 2BR rent: $957, median: $980
LAKE CHARLES, LA average 3BR rent: $1,201, median: $1,230

LAKE CHARLES, LA Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 1,914 $443,610,000 $231,771
Refi 497 $127,365,000 $256,268
Cash Out Refi 218 $33,540,000 $153,853
Other 103 $10,655,000 $103,447
Home Improvement 89 $9,855,000 $110,730

Lake Charles's most frequently cited loan purpose was Home Purchase, with 1,914 originations. The 2nd most popular reason was Refi, with 497 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
6-7% 903 $198,415,000 $219,729
7-8% 679 $153,935,000 $226,708
Over 8% 423 $64,175,000 $151,714
5-6% 383 $90,225,000 $235,574
4-5% 106 $21,980,000 $207,358
2.5-3% 25 $3,305,000 $132,200
3-4% 9 $1,475,000 $163,889
<2.5% 4 $5,800,000 $1,450,000

During 2023, Lake Charles's most frequently originated rate bucket was 6-7%, with 903 originations.

Loan Sizing (LAKE CHARLES, LA MSA)

Loan Size Originations Total Value Average Loan
$100k-200k 1,004 $150,530,000 $149,930
$200k-400k 973 $255,355,000 $262,441
$100,000 or less 647 $39,895,000 $61,662
$400k-600k 125 $59,465,000 $475,720
$600k-1000k 41 $29,815,000 $727,195
$Over $1MM 31 $89,965,000 $2,902,097

LAKE CHARLES's loan sizing saw the bucket of loans from $100k-200k with 1,004 originations, totaling $150,530,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 1,372 $301,920,000 $220,058
60-80% 518 $118,950,000 $229,633
40-60% 238 $45,440,000 $190,924
20-40% 225 $24,605,000 $109,356
Under 20% 98 $21,630,000 $220,714
Over 100% 61 $14,455,000 $236,967

LAKE CHARLES's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 1,372 originations, totaling $301,920,000 in origination value.