LAKE CHARLES Mortgage Rates
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% |
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.).
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.
