Minden Mortgage Rates & Closing Costs

30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

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%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Minden, LA.

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.).

Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
Home Federal Bank 16 5.23% $3,234
QUICKEN LOANS, LLC 12 4.88% $6,551
CRESCENT MORTGAGE COMPANY 11 3.94% $4,406
Regions Bank 7 5.02% $3,153
Citizens National Bank, N.A. 6 4.19% $5,822
UNITED WHOLESALE MORTGAGE, LLC 5 4.54% $4,567
EUSTIS AND AMERICAN MORTGAGE COMPANY 4 4.78% $4,479
BARKSDALE 3 5.42% $3,231
MEMBER ADVANTAGE MORTGAGE, LLC 3 4.67% $5,068
Wells Fargo Bank 3 4.79% $3,754
BancorpSouth 3 5.00% $2,674
Austin Capital Bank SSB 3 5.58% $5,640
Goldwater Bank, N.A. 3 5.63% $4,271
Citizens Bank 2 4.88% $6,592
CENTRIC 2 5.69% $2,367
21ST MORTGAGE CORPORATION 2 5.50% $5,755
FirstTrust Home Loans, Inc. 2 5.69% $6,765
Mortgage Research Center, LLC 2 5.31% $2,142
MOVEMENT MORTGAGE, LLC 2 5.69% $5,092
M&T Bank 2 4.13% $4,616
Trustmark National Bank 2 4.94% $9,154
GUILD MORTGAGE COMPANY 1 3.25% $4,686
Eagle Bank and Trust Company 1 6.50% $4,634
JPMorgan Chase Bank 1 5.00% $500
LAKEVIEW LOAN SERVICING, LLC 1 3.88% $1,437
CALIBER HOME LOANS, INC. 1 4.25% $3,442
ADVANCIAL 1 5.25% $5,000
United Community Bank 1 8.87% $5,109
AMERICAN FINANCIAL RESOURCES, INC. 1 4.00% $4,505
MUTUAL OF OMAHA MORTGAGE, INC. 1 6.00% $5,337
NAVY FEDERAL CREDIT UNION 1 6.63% $2,313
NEWREZ LLC 1 5.99% $3,623
Origin Bank 1 5.59% $3,299
PENNYMAC LOAN SERVICES, LLC 1 5.50% $6,236
PHH Mortgage Corporation 1 3.88% $7,171
PLANET HOME LENDING, LLC 1 5.63% $5,290
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 6.99% $4,574
Assurance Financial Group, L.L.C. 1 4.88% $4,788
Red River Bank 1 5.25% $2,555
AMERISAVE MORTGAGE CORPORATION 1 4.88% $4,375
SENTE MORTGAGE, INC. 1 6.63% $7,947
SOUTHWEST FUNDING, LP 1 5.25% $7,173
Farmers Bank & Trust Company 1 4.50% $5,236
First Guaranty Mortgage Corporation 1 4.50% $5,236
STANDARD MORTGAGE CORPORATION 1 5.13% $3,804
GMFS LLC 1 4.75% $6,435
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.25% $4,895

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.