Minden Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Minden averaged
6.91%
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
7.26% and
one month ago for the week of 2023-10-19, the
average rate was 7.55%.
Minden's average rate one year ago was 6.33%.
For refis of the same type during the week of 2023-11-22, the average rate
was 7.89%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2023-11-22 | 7.29% |
| Minden 30 Year Fixed Rate | 2023-11-22 | 6.91% |
| Minden 30 Year Fixed Rate Refi | 2023-11-22 | 7.89% |
| Minden 15 Year Fixed Rate | 2023-11-22 | 6.77% |
| Minden 15 Year Fixed Rate Refi | 2023-11-22 | 6.97% |
| Minden 30 Year FHA | 2023-11-22 | -0.49% |
| Minden 30 Year FHA Refi | 2023-11-22 | -0.1% |
| Minden 30 Year USDA | 2023-11-22 | 0% |
| Minden 30 Year USDA Refi | 2023-11-22 | 0.2% |
| Minden 30 Year VA | 2023-11-22 | 0% |
| Minden 30 Year VA Refi | 2023-11-22 | -0.1% |
Minden 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 Minden, 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.).
Minden Average Closing Costs & Other Stats
Minden, LA's 47 lenders originated 630
loans during 2022. The total origination value was $93,100,000, with an average loan value of
$147,778.
Minden's average closing costs are $4,794.
The top Minden lender as defined by loan originations is Home Federal Bank, with
16 loans originated. Their average total fees are
$3,234, which is $3,317
lower than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Minden lenders (with over 10 loans originated) are
Home Federal Bank ($3,234), CRESCENT MORTGAGE COMPANY ($4,406), QUICKEN LOANS, LLC ($6,551), .
The lowest rate Minden lenders (with over 10 loans originated) are
CRESCENT MORTGAGE COMPANY (3.94%), QUICKEN LOANS, LLC (4.88%), Home Federal Bank (5.23%), .
Minden, 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 |
|---|---|---|---|---|
| Home Federal Bank | $7,975,000 | $11,865,000 | 48.8% | 12.7% |
| b1BANK | $9,315,000 | $7,325,000 | -21.4% | 7.9% |
| QUICKEN LOANS, LLC | $9,020,000 | $5,785,000 | -35.9% | 6.2% |
| CRESCENT MORTGAGE COMPANY | $2,690,000 | $4,390,000 | 63.2% | 4.7% |
| Citizens National Bank, N.A. | $5,860,000 | $4,330,000 | -26.1% | 4.7% |
| Gibsland Bank & Trust Company | $4,280,000 | $4,075,000 | -4.8% | 4.4% |
| 21ST MORTGAGE CORPORATION | $3,055,000 | $4,055,000 | 32.7% | 4.4% |
| EUSTIS AND AMERICAN MORTGAGE COMPANY | $5,320,000 | $3,510,000 | -34.0% | 3.8% |
| UNITED WHOLESALE MORTGAGE, LLC | $2,410,000 | $2,715,000 | 12.7% | 2.9% |
| Citizens Bank & Trust Company of Vivian, Louisiana | $1,795,000 | $2,340,000 | 30.4% | 2.5% |
| TRIAD FINANCIAL SERVICES, INC. | $1,725,000 | $2,285,000 | 32.5% | 2.5% |
| Goldwater Bank, N.A. | $2,110,000 | $1,905,000 | -9.7% | 2.0% |
| Regions Bank | $2,010,000 | $1,600,000 | -20.4% | 1.7% |
| FIDELITY BANK | $2,325,000 | $1,510,000 | -35.1% | 1.6% |
| LOANDEPOT.COM, LLC | $1,825,000 | $1,330,000 | -27.1% | 1.4% |
| Austin Capital Bank SSB | $220,000 | $1,105,000 | 402.3% | 1.2% |
| GMFS LLC | $8,420,000 | $1,105,000 | -86.9% | 1.2% |
| CALIBER HOME LOANS, INC. | $2,205,000 | $1,080,000 | -51.0% | 1.2% |
| CARTER FEDERAL CREDIT UNION | $860,000 | $1,035,000 | 20.3% | 1.1% |
| NAVY FEDERAL CREDIT UNION | $295,000 | $1,030,000 | 249.2% | 1.1% |
| BARKSDALE | $965,000 | $1,015,000 | 5.2% | 1.1% |
| Red River Bank | $1,015,000 | $995,000 | -2.0% | 1.1% |
| Origin Bank | $1,355,000 | $960,000 | -29.2% | 1.0% |
| PLANET HOME LENDING, LLC | $575,000 | $920,000 | 60.0% | 1.0% |
| Mortgage Research Center, LLC | $800,000 | $915,000 | 14.4% | 1.0% |
| FirstTrust Home Loans, Inc. | $240,000 | $905,000 | 277.1% | 1.0% |
| FREEDOM MORTGAGE CORPORATION | $2,610,000 | $905,000 | -65.3% | 1.0% |
| AMERISAVE MORTGAGE CORPORATION | $300,000 | $840,000 | 180.0% | 0.9% |
| MOVEMENT MORTGAGE, LLC | $605,000 | $835,000 | 38.0% | 0.9% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $2,765,000 | $825,000 | -70.2% | 0.9% |
| SOUTHWEST FUNDING, LP | $635,000 | $815,000 | 28.3% | 0.9% |
| Wells Fargo Bank | $1,065,000 | $735,000 | -31.0% | 0.8% |
| BancorpSouth Bank | $685,000 | $685,000 | 0.0% | 0.7% |
| PLAZA HOME MORTGAGE, INC. | $200,000 | $635,000 | 217.5% | 0.7% |
| Assurance Financial Group, L.L.C. | $680,000 | $610,000 | -10.3% | 0.7% |
| UNION HOME MORTGAGE CORP. | $680,000 | $595,000 | -12.5% | 0.6% |
| Citizens Bank | $280,000 | $575,000 | 105.4% | 0.6% |
| UNITED BUILT HOMES, L.L.C. | $670,000 | $570,000 | -14.9% | 0.6% |
| Trustmark National Bank | $210,000 | $560,000 | 166.7% | 0.6% |
| STANDARD MORTGAGE CORPORATION | $220,000 | $550,000 | 150.0% | 0.6% |
| Carrington Mortgage Services, LLC | $890,000 | $540,000 | -39.3% | 0.6% |
| Farmers Bank & Trust Company | $340,000 | $505,000 | 48.5% | 0.5% |
| GUILD MORTGAGE COMPANY | $85,000 | $495,000 | 482.4% | 0.5% |
| LAKEVIEW LOAN SERVICING, LLC | $705,000 | $470,000 | -33.3% | 0.5% |
| GUARANTEED RATE, INC. | $455,000 | n/a | 0.5% | |
| PENNYMAC LOAN SERVICES, LLC | $605,000 | $455,000 | -24.8% | 0.5% |
| MEMBER ADVANTAGE MORTGAGE, LLC | $1,375,000 | $445,000 | -67.6% | 0.5% |
| BOM Bank | $25,000 | $435,000 | 1,640.0% | 0.5% |
| NATIONS DIRECT MORTGAGE, LLC | $880,000 | $395,000 | -55.1% | 0.4% |
| SOUTHWEST STAGE FUNDING, LLC | $355,000 | n/a | 0.4% | |
| First Guaranty Mortgage Corporation | $365,000 | $340,000 | -6.8% | 0.4% |
| AMERICAN FINANCIAL RESOURCES, INC. | $565,000 | $325,000 | -42.5% | 0.3% |
| CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $550,000 | $310,000 | -43.6% | 0.3% |
| JPMorgan Chase Bank | $395,000 | $310,000 | -21.5% | 0.3% |
| United Community Bank | $300,000 | n/a | 0.3% | |
| Progressive National Bank | $135,000 | $295,000 | 118.5% | 0.3% |
| SENTE MORTGAGE, INC. | $275,000 | n/a | 0.3% | |
| BAYSHORE MORTGAGE FUNDING, LLC | $270,000 | n/a | 0.3% | |
| First Savings Bank | $265,000 | n/a | 0.3% | |
| COUNTRYPLACE MORTGAGE, LTD. | $245,000 | n/a | 0.3% | |
| First Federal Bank | $245,000 | n/a | 0.3% | |
| DRAPER AND KRAMER MORTGAGE CORP. | $240,000 | n/a | 0.3% | |
| NEWREZ LLC | $365,000 | $240,000 | -34.2% | 0.3% |
| FIRST COMMUNITY MORTGAGE, INC. | $225,000 | n/a | 0.2% | |
| PHH Mortgage Corporation | $75,000 | $225,000 | 200.0% | 0.2% |
| Mr. Cooper ( Nationstar Mortgage ) | $875,000 | $220,000 | -74.9% | 0.2% |
| BROKER SOLUTIONS, INC. | $145,000 | $215,000 | 48.3% | 0.2% |
| USAA Federal Savings Bank | $495,000 | $215,000 | -56.6% | 0.2% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $195,000 | n/a | 0.2% | |
| CENTRIC | $190,000 | n/a | 0.2% | |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $745,000 | $190,000 | -74.5% | 0.2% |
| HOMELAND BANCSHARES, INC. | $185,000 | n/a | 0.2% | |
| HOMESTAR FINANCIAL CORPORATION | $185,000 | n/a | 0.2% | |
| Barrington Bank & Trust Company, N.A. | $175,000 | n/a | 0.2% | |
| M&T Bank | $65,000 | $170,000 | 161.5% | 0.2% |
| MORTGAGE FINANCIAL SERVICES, LLC | $165,000 | n/a | 0.2% | |
| Sabine State Bank and Trust Company | $390,000 | $155,000 | -60.3% | 0.2% |
| CERTAINTY HOME LOANS, LLC | $145,000 | n/a | 0.2% | |
| Eagle Bank and Trust Company | $145,000 | n/a | 0.2% | |
| Community Bank of Louisiana | $305,000 | $140,000 | -54.1% | 0.2% |
| First Guaranty Bank | $125,000 | n/a | 0.1% | |
| EMBRACE HOME LOANS, INC. | $175,000 | $115,000 | -34.3% | 0.1% |
| Gateway First Bank | $785,000 | $115,000 | -85.4% | 0.1% |
| VILLAGE CAPITAL MORTGAGE | $190,000 | $115,000 | -39.5% | 0.1% |
| AMERICAN FINANCING CORPORATION | $105,000 | n/a | 0.1% | |
| CLEARPATH LENDING | $105,000 | n/a | 0.1% | |
| Diamond Bank | $105,000 | n/a | 0.1% | |
| Equity Prime Mortgage LLC | $105,000 | n/a | 0.1% | |
| PIERREMONT MORTGAGE, INC. | $570,000 | $105,000 | -81.6% | 0.1% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $255,000 | $95,000 | -62.7% | 0.1% |
| Figure Lending LLC | $55,000 | $85,000 | 54.5% | 0.1% |
| MORIA DEVELOPMENT, INC. | $85,000 | n/a | 0.1% | |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $400,000 | $85,000 | -78.8% | 0.1% |
| THRIVE MORTGAGE, LLC | $85,000 | n/a | 0.1% | |
| ADVANCIAL | $75,000 | n/a | 0.1% | |
| Campus Federal Credit Union | $75,000 | n/a | 0.1% | |
| CSL Financial, LLC | $75,000 | n/a | 0.1% | |
| AMERICAN ADVISORS GROUP | $65,000 | n/a | 0.1% | |
| ROYAL UNITED MORTGAGE LLC | $65,000 | n/a | 0.1% |
Minden's top lender by overall market share is Home Federal Bank, with 12.7% market share. In second place, with 7.9%, is b1BANK, having originated $7,325,000 in loans. In third place, with 6.2%, is QUICKEN LOANS, LLC, having originated $5,785,000 in loans. In fourth place, with 4.7%, is CRESCENT MORTGAGE COMPANY, having originated $4,390,000 in loans. In fifth place, with 4.7%, is Citizens National Bank, N.A., having originated $4,330,000 in loans.
Minden, LA Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 409 | $63,655,000 | $155,636 |
| Refi | 150 | $20,980,000 | $139,867 |
| Cash Out Refi | 49 | $7,185,000 | $146,633 |
| Home Improvement | 16 | $860,000 | $53,750 |
| Other | 6 | $420,000 | $70,000 |
Minden's most frequently cited loan purpose was Home Purchase, with 409 originations. The 2nd most popular reason was Refi, with 150 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 144 | $23,210,000 | $161,181 |
| 5-6% | 138 | $18,150,000 | $131,522 |
| 3-4% | 105 | $19,165,000 | $182,524 |
| 6-7% | 72 | $9,420,000 | $130,833 |
| Over 8% | 47 | $4,755,000 | $101,170 |
| 7-8% | 38 | $4,100,000 | $107,895 |
| 2.5-3% | 26 | $5,150,000 | $198,077 |
| <2.5% | 5 | $415,000 | $83,000 |
During 2022, Minden's most frequently originated rate bucket was 4-5%, with 144 originations.
Loan Sizing (Minden, LA MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100k-200k | 260 | $37,120,000 | $142,769 |
| $100,000 or less | 239 | $14,935,000 | $62,490 |
| $200k-400k | 114 | $30,050,000 | $263,596 |
| $400k-600k | 10 | $4,940,000 | $494,000 |
| $600k-1000k | 4 | $2,680,000 | $670,000 |
| $Over $1MM | 3 | $3,375,000 | $1,125,000 |
Minden's loan sizing saw the bucket of loans from $100k-200k with 260 originations, totaling $37,120,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 295 | $46,365,000 | $157,169 |
| 60-80% | 149 | $21,275,000 | $142,785 |
| 40-60% | 55 | $6,475,000 | $117,727 |
| 20-40% | 32 | $2,740,000 | $85,625 |
| Over 100% | 23 | $5,675,000 | $246,739 |
| Under 20% | 12 | $520,000 | $43,333 |
Minden's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 295 originations, totaling $46,365,000 in origination value.