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 7.28% for the week of 2024-04-11, compared to the national average of 6.88% for the same period.

The average rate for the prior week (2024-04-04) was 6.82% and one month ago for the week of 2024-03-07, the average rate was 6.88%.

Minden's average rate one year ago was 6.48%.

For refis of the same type during the week of 2024-04-11, the average rate was 6.78%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-04-11 6.88%
Minden 30 Year Fixed Rate 2024-04-11 7.28%
Minden 30 Year Fixed Rate Refi 2024-04-11 6.78%
Minden 15 Year Fixed Rate 2024-04-11 6.26%
Minden 15 Year Fixed Rate Refi 2024-04-11 6.16%
Minden 30 Year FHA 2024-04-11 6.78%
Minden 30 Year FHA Refi 2024-04-11 6.74%
Minden 30 Year USDA 2024-04-11 6.51%
Minden 30 Year USDA Refi 2024-04-11 6.51%
Minden 30 Year VA 2024-04-11 6.57%
Minden 30 Year VA Refi 2024-04-11 6.77%
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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
UNION HOME MORTGAGE CORP. 13 7.29% $2,881
Home Federal Bank 12 5.98% $3,644
QUICKEN LOANS, LLC 6 6.92% $6,798
GMFS LLC 6 7.83% $4,416
EUSTIS AND AMERICAN MORTGAGE COMPANY 5 7.38% $5,160
Regions Bank 4 6.53% $4,565
21ST MORTGAGE CORPORATION 4 7.30% $6,002
BARKSDALE 3 5.54% $5,447
CARTER FEDERAL CREDIT UNION 3 6.63% $4,268
UNITED WHOLESALE MORTGAGE, LLC 3 7.71% $4,287
MUTUAL OF OMAHA MORTGAGE, INC. 2 6.69% $11,040
HOMESTAR FINANCIAL CORPORATION 2 6.50% $811
Assurance Financial Group, L.L.C. 2 6.87% $4,041
DRAPER AND KRAMER MORTGAGE CORP. 2 7.00% $7,333
Origin Bank 2 7.06% $3,858
SENTE MORTGAGE, INC. 2 6.94% $8,905
FIDELITY BANK 2 7.25% $10,156
GUILD MORTGAGE COMPANY 2 7.00% $8,343
ZILLOW HOME LOANS, LLC 1 7.88% $4,263
ANECA Federal Credit Union 1 6.00% $6,767
BancorpSouth 1 6.88% $3,123
Bossier Federal Credit Union 1 5.75% $7,060
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.49% $11,035
FIRST COLONY MORTGAGE CORPORATION 1 7.50% $3,930
JPMorgan Chase Bank 1 8.13% $5,299
MEMBER ADVANTAGE MORTGAGE, LLC 1 6.88% $7,251
MOVEMENT MORTGAGE, LLC 1 6.99% $5,971
NAVY FEDERAL CREDIT UNION 1 7.25% $1,811
NEWREZ LLC 1 5.99% $5,317
Prosperity Home Mortgage, LLC 1 7.13% $5,848
The Loan Store, Inc. 1 7.13% $3,009
United Community Bank 1 6.49% $3,705
U.S. Bank 1 6.63% $3,183
VANDERBILT MORTGAGE AND FINANCE, INC. 1 8.50% $5,703

Minden Average Closing Costs & Other Stats

Minden, LA's 34 lenders originated 508 loans during 2023. The total origination value was $73,750,000, with an average loan value of $145,177.

Minden's average closing costs are $4,960.

The top Minden lender as defined by loan originations is UNION HOME MORTGAGE CORP., with 13 loans originated. Their average total fees are $2,881, which is $763 lower than the next largest lender, Home Federal Bank.

The lowest fee Minden lenders (with over 10 loans originated) are UNION HOME MORTGAGE CORP. ($2,881), Home Federal Bank ($3,644), .

The lowest rate Minden lenders (with over 10 loans originated) are Home Federal Bank (5.98%), UNION HOME MORTGAGE CORP. (7.29%), .

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 2022 Loan Value 2023 Loan Value % Change 2023 Market Share
b1BANK $7,325,000 $7,570,000 3.3% 10.3%
UNION HOME MORTGAGE CORP. $595,000 $6,070,000 920.2% 8.2%
Home Federal Bank $11,865,000 $4,620,000 -61.1% 6.3%
Gibsland Bank & Trust Company $4,075,000 $4,220,000 3.6% 5.7%
Citizens Bank & Trust Company of Vivian, Louisiana $2,340,000 $3,810,000 62.8% 5.2%
21ST MORTGAGE CORPORATION $4,055,000 $3,375,000 -16.8% 4.6%
QUICKEN LOANS, LLC $5,785,000 $2,765,000 -52.2% 3.7%
EUSTIS AND AMERICAN MORTGAGE COMPANY $3,510,000 $2,760,000 -21.4% 3.7%
UNITED WHOLESALE MORTGAGE, LLC $2,715,000 $2,165,000 -20.3% 2.9%
GMFS LLC $1,105,000 $2,095,000 89.6% 2.8%
Citizens National Bank, N.A. $4,330,000 $1,855,000 -57.2% 2.5%
Regions Bank $1,600,000 $1,810,000 13.1% 2.5%
BARKSDALE $1,015,000 $1,800,000 77.3% 2.4%
DRAPER AND KRAMER MORTGAGE CORP. $240,000 $1,780,000 641.7% 2.4%
Mortgage Research Center, LLC $915,000 $1,655,000 80.9% 2.2%
FIDELITY BANK $1,510,000 $1,550,000 2.6% 2.1%
HOMESTAR FINANCIAL CORPORATION $185,000 $1,510,000 716.2% 2.0%
ANECA Federal Credit Union $1,260,000 n/a 1.7%
TRIAD FINANCIAL SERVICES, INC. $2,285,000 $1,060,000 -53.6% 1.4%
SENTE MORTGAGE, INC. $275,000 $950,000 245.5% 1.3%
MOVEMENT MORTGAGE, LLC $835,000 $930,000 11.4% 1.3%
Cross Keys Bank $905,000 n/a 1.2%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $825,000 $900,000 9.1% 1.2%
CARTER FEDERAL CREDIT UNION $1,035,000 $895,000 -13.5% 1.2%
GUILD MORTGAGE COMPANY $495,000 $895,000 80.8% 1.2%
NEWREZ LLC $240,000 $850,000 254.2% 1.2%
Assurance Financial Group, L.L.C. $610,000 $815,000 33.6% 1.1%
CARDINAL FINANCIAL $310,000 $760,000 145.2% 1.0%
Gateway First Bank $115,000 $625,000 443.5% 0.8%
Origin Bank $960,000 $600,000 -37.5% 0.8%
BancorpSouth $685,000 $555,000 -19.0% 0.8%
GUARANTEED RATE, INC. $455,000 $420,000 -7.7% 0.6%
PLANET HOME LENDING, LLC $920,000 $415,000 -54.9% 0.6%
BROKER SOLUTIONS, INC. $215,000 $410,000 90.7% 0.6%
CALIBER HOME LOANS, INC. $1,080,000 $410,000 -62.0% 0.6%
MUTUAL OF OMAHA MORTGAGE, INC. $95,000 $410,000 331.6% 0.6%
CRESCENT MORTGAGE COMPANY $4,390,000 $395,000 -91.0% 0.5%
Community Bank of Louisiana $140,000 $355,000 153.6% 0.5%
MEMBER ADVANTAGE MORTGAGE, LLC $445,000 $340,000 -23.6% 0.5%
CSL Financial, LLC $75,000 $335,000 346.7% 0.5%
UNITED BUILT HOMES, L.L.C. $570,000 $335,000 -41.2% 0.5%
AMERISAVE MORTGAGE CORPORATION $840,000 $330,000 -60.7% 0.4%
FREEDOM MORTGAGE CORPORATION $905,000 $315,000 -65.2% 0.4%
Red River Bank $995,000 $315,000 -68.3% 0.4%
VANDERBILT MORTGAGE AND FINANCE, INC. $305,000 n/a 0.4%
VILLAGE CAPITAL MORTGAGE $115,000 $300,000 160.9% 0.4%
Bossier Federal Credit Union $265,000 n/a 0.4%
CIS Financial Services, Inc. $265,000 n/a 0.4%
United Community Bank $300,000 $255,000 -15.0% 0.3%
Paramount Residential Mortgage Group, Inc. $245,000 n/a 0.3%
LOANDEPOT.COM, LLC $1,330,000 $235,000 -82.3% 0.3%
Equity Prime Mortgage LLC $105,000 $220,000 109.5% 0.3%
Farmers Bank & Trust Company $505,000 $215,000 -57.4% 0.3%
Carrington Mortgage Services, LLC $540,000 $195,000 -63.9% 0.3%
NEW DAY FINANCIAL, LLC $185,000 n/a 0.3%
Prosperity Home Mortgage, LLC $185,000 n/a 0.3%
Bank of England $175,000 n/a 0.2%
NAVY FEDERAL CREDIT UNION $1,030,000 $170,000 -83.5% 0.2%
JPMorgan Chase Bank $310,000 $160,000 -48.4% 0.2%
ZILLOW HOME LOANS, LLC $160,000 n/a 0.2%
AMERICAN FINANCING CORPORATION $105,000 $135,000 28.6% 0.2%
Discover Bank $135,000 n/a 0.2%
FirstTrust Home Loans, Inc. $905,000 $135,000 -85.1% 0.2%
RED RIVER EMPLOYEES $135,000 n/a 0.2%
U.S. Bank $115,000 n/a 0.2%
AMERICAN FINANCIAL RESOURCES, INC. $325,000 $105,000 -67.7% 0.1%
BAYSHORE MORTGAGE FUNDING, LLC $270,000 $105,000 -61.1% 0.1%
Mr. Cooper ( Nationstar Mortgage ) $220,000 $105,000 -52.3% 0.1%
STANDARD MORTGAGE CORPORATION $550,000 $105,000 -80.9% 0.1%
First National Bank $85,000 n/a 0.1%
Nations Lending Corporation $85,000 n/a 0.1%
The Loan Store, Inc. $85,000 n/a 0.1%
BOM Bank $435,000 $65,000 -85.1% 0.1%
CREDIT HUMAN FEDERAL CREDIT UNION $55,000 n/a 0.1%
FIRST COLONY MORTGAGE CORPORATION $55,000 n/a 0.1%
Century Next Bank $45,000 n/a 0.1%

Minden's top lender by overall market share is b1BANK, with 10.3% market share. In second place, with 8.2%, is UNION HOME MORTGAGE CORP., having originated $6,070,000 in loans. In third place, with 6.3%, is Home Federal Bank, having originated $4,620,000 in loans. In fourth place, with 5.7%, is Gibsland Bank & Trust Company, having originated $4,220,000 in loans. In fifth place, with 5.2%, is Citizens Bank & Trust Company of Vivian, Louisiana, having originated $3,810,000 in loans.

Minden, LA Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 320 $49,320,000 $154,125
Refi 119 $17,415,000 $146,345
Cash Out Refi 35 $4,845,000 $138,429
Home Improvement 24 $1,330,000 $55,417
Other 10 $840,000 $84,000

Minden's most frequently cited loan purpose was Home Purchase, with 320 originations. The 2nd most popular reason was Refi, with 119 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
6-7% 135 $24,125,000 $178,704
Over 8% 131 $12,105,000 $92,405
7-8% 110 $16,970,000 $154,273
5-6% 43 $8,645,000 $201,047
4-5% 6 $860,000 $143,333
<2.5% 2 $10,000 $5,000
3-4% 1 $145,000 $145,000

During 2023, Minden's most frequently originated rate bucket was 6-7%, with 135 originations.

Loan Sizing (Minden, LA MSA)

Loan Size Originations Total Value Average Loan
$100,000 or less 200 $11,840,000 $59,200
$100k-200k 197 $27,855,000 $141,396
$200k-400k 93 $24,545,000 $263,925
$400k-600k 14 $6,570,000 $469,286
$600k-1000k 4 $2,940,000 $735,000

Minden's loan sizing saw the bucket of loans from $100,000 or less with 200 originations, totaling $11,840,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 236 $38,280,000 $162,203
60-80% 103 $15,965,000 $155,000
40-60% 36 $3,720,000 $103,333
20-40% 27 $1,775,000 $65,741
Under 20% 11 $325,000 $29,545
Over 100% 5 $855,000 $171,000

Minden's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 236 originations, totaling $38,280,000 in origination value.