Minden Mortgage Rates

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

30 Year Fixed Rate mortgages in Minden averaged 6.29% for the week of 2022-06-30, compared to the national average of 5.7% for the same period.

The average rate for the prior week (2022-06-23) was 6.6% and one month ago for the week of 2022-05-26, the average rate was 5.59%.

Minden's average rate one year ago was 3.32%.

For refis of the same type during the week of 2022-06-30, the average rate was 5.71%.

Loan Type Date Rate
US 30 Year Fixed Rate 2022-06-30 5.7%
Minden 30 Year Fixed Rate 2022-06-30 6.29%
Minden 30 Year Fixed Rate Refi 2022-06-30 5.71%
Minden 15 Year Fixed Rate 2022-06-30 6.4%
Minden 15 Year Fixed Rate Refi 2022-06-30 4.95%
Minden 30 Year FHA 2022-06-30 5.89%
Minden 30 Year FHA Refi 2022-06-30 5.74%
Minden 30 Year USDA 2022-06-30 6.01%
Minden 30 Year USDA Refi 2022-06-30 3.27%
Minden 30 Year VA 2022-06-30 5.74%
Minden 30 Year VA Refi 2022-06-30 5.63%
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 lendor, 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 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
GMFS LLC 25 3.13% $3,104
QUICKEN LOANS, LLC 22 3.15% $4,865
UNITED WHOLESALE MORTGAGE, LLC 8 3.02% $4,336
Regions Bank 8 3.66% $3,241
Cross Keys Bank 6 3.08% $3,122
Home Federal Bank 6 2.92% $2,651
LOANDEPOT.COM, LLC 6 2.97% $4,429
EUSTIS AND AMERICAN MORTGAGE COMPANY 6 3.21% $3,624
CRESCENT MORTGAGE COMPANY 6 2.92% $4,132
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 5 3.17% $4,113
Goldwater Bank, N.A. 5 3.28% $3,352
FIDELITY BANK 4 3.06% $3,784
BancorpSouth Bank 4 3.69% $2,515
MEMBER ADVANTAGE MORTGAGE, LLC 4 3.28% $4,495
FBT Mortgage, L.L.C. 4 2.44% $4,890
BARKSDALE 4 3.06% $3,446
Wells Fargo Bank 3 3.50% $3,665
CALIBER HOME LOANS, INC. 3 3.35% $6,153
FREEDOM MORTGAGE CORPORATION 2 3.13% $2,955
Assurance Financial Group, L.L.C. 2 4.06% $3,167
Gateway First Bank 2 3.38% $4,742
NEWREZ LLC 2 3.13% $3,134
PRIMELENDING, A PLAINSCAPITAL COMPANY 2 3.12% $3,441
MOVEMENT MORTGAGE, LLC 2 3.44% $3,278
NAVY FEDERAL CREDIT UNION 2 4.00% $2,804
ZILLOW HOME LOANS, LLC 1 4.13% $4,271
Austin Capital Bank SSB 1 3.25% $4,067
BNC National Bank 1 3.38% $3,456
Bossier Federal Credit Union 1 2.38% $1,478
BROKER SOLUTIONS, INC. 1 3.25% $3,392
Century Next Bank 1 2.88% $4,994
Citizens Bank 1 2.88% $2,802
Colonial Savings, F.A. 1 3.25% $4,952
DELMAR FINANCIAL COMPANY 1 3.25% $3,362
First Horizon Bank 1 2.75% $3,621
FirstTrust Home Loans, Inc. 1 2.88% $4,513
GUILD MORTGAGE COMPANY 1 3.38% $3,286
HOMEBRIDGE FINANCIAL SERVICES, INC. 1 3.38% $2,982
HOME POINT FINANCIAL CORPORATION 1 2.50% $6,720
NBKC BANK 1 3.13% $3,081
Origin Bank 1 2.88% $2,580
PIERREMONT MORTGAGE, INC. 1 3.25% $2,384
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 3.13% $2,164
Red River Bank 1 2.99% $2,842
Sabine State Bank and Trust Company 1 3.00% $3,692
U.S. Bank 1 3.38% $3,964

Minden, LA's 46 lenders originated 805 loans during 2021. The total origination value was $121,255,000, with an average loan value of $150,627.

The top Minden lender as defined by loan originations is GMFS LLC, with 25 loans originated. Their average total fees are $3,104, which is $1,761 lower than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Minden lenders (with over 10 loans originated) are GMFS LLC ($3,104), QUICKEN LOANS, LLC ($4,865), .

The lowest rate Minden lenders (with over 10 loans originated) are GMFS LLC (3.13%), QUICKEN LOANS, LLC (3.15%), .

Minden, 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
b1BANK $8,505,000 $9,315,000 9.5% 7.7%
QUICKEN LOANS, LLC $8,970,000 $9,020,000 0.6% 7.4%
GMFS LLC $8,500,000 $8,420,000 -0.9% 6.9%
Home Federal Bank $2,590,000 $7,975,000 207.9% 6.6%
Citizens National Bank, N.A. $4,890,000 $5,860,000 19.8% 4.8%
EUSTIS AND AMERICAN MORTGAGE COMPANY $4,150,000 $5,320,000 28.2% 4.4%
Gibsland Bank & Trust Company $3,580,000 $4,280,000 19.6% 3.5%
GREYSTONE SERVICING COMPANY LLC $3,005,000 $3,715,000 23.6% 3.1%
21ST MORTGAGE CORPORATION $3,390,000 $3,055,000 -9.9% 2.5%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $1,755,000 $2,765,000 57.5% 2.3%
CRESCENT MORTGAGE COMPANY $155,000 $2,690,000 1,635.5% 2.2%
FREEDOM MORTGAGE CORPORATION $3,910,000 $2,610,000 -33.2% 2.2%
UNITED WHOLESALE MORTGAGE, LLC $385,000 $2,410,000 526.0% 2.0%
FIDELITY BANK $2,085,000 $2,325,000 11.5% 1.9%
CALIBER HOME LOANS, INC. $2,275,000 $2,205,000 -3.1% 1.8%
Goldwater Bank, N.A. $3,630,000 $2,110,000 -41.9% 1.7%
Regions Bank $2,500,000 $2,010,000 -19.6% 1.7%
LOANDEPOT.COM, LLC $510,000 $1,825,000 257.8% 1.5%
Citizens Bank & Trust Company of Vivian, Louisiana $1,480,000 $1,795,000 21.3% 1.5%
TRIAD FINANCIAL SERVICES, INC. $165,000 $1,725,000 945.5% 1.4%
HOMEBRIDGE FINANCIAL SERVICES, INC. $500,000 $1,425,000 185.0% 1.2%
MEMBER ADVANTAGE MORTGAGE, LLC $1,210,000 $1,375,000 13.6% 1.1%
Origin Bank $430,000 $1,355,000 215.1% 1.1%
FBT Mortgage, L.L.C. $1,195,000 $1,140,000 -4.6% 0.9%
Cross Keys Bank $125,000 $1,105,000 784.0% 0.9%
Wells Fargo Bank $430,000 $1,065,000 147.7% 0.9%
HOME POINT FINANCIAL CORPORATION $145,000 $1,030,000 610.3% 0.8%
Red River Bank $1,165,000 $1,015,000 -12.9% 0.8%
BARKSDALE $3,010,000 $965,000 -67.9% 0.8%
Progressive Bank $945,000 n/a 0.8%
Carrington Mortgage Services, LLC $1,070,000 $890,000 -16.8% 0.7%
NATIONS DIRECT MORTGAGE, LLC $165,000 $880,000 433.3% 0.7%
Mr. Cooper ( Nationstar Mortgage ) $1,400,000 $875,000 -37.5% 0.7%
CARTER FEDERAL CREDIT UNION $410,000 $860,000 109.8% 0.7%
BETTER MORTGAGE CORPORATION $845,000 n/a 0.7%
Mortgage Research Center, LLC $965,000 $800,000 -17.1% 0.7%
Gateway First Bank $785,000 n/a 0.6%
PRIMARY RESIDENTIAL MORTGAGE, INC. $215,000 $745,000 246.5% 0.6%
LAKEVIEW LOAN SERVICING, LLC $520,000 $705,000 35.6% 0.6%
BancorpSouth Bank $1,600,000 $685,000 -57.2% 0.6%
Assurance Financial Group, L.L.C. $680,000 n/a 0.6%
UNION HOME MORTGAGE CORP. $930,000 $680,000 -26.9% 0.6%
UNITED BUILT HOMES, L.L.C. $1,010,000 $670,000 -33.7% 0.6%
SOUTHWEST FUNDING, LP $660,000 $635,000 -3.8% 0.5%
MOVEMENT MORTGAGE, LLC $1,870,000 $605,000 -67.6% 0.5%
PENNYMAC LOAN SERVICES, LLC $345,000 $605,000 75.4% 0.5%
PLANET HOME LENDING, LLC $1,465,000 $575,000 -60.8% 0.5%
PIERREMONT MORTGAGE, INC. $780,000 $570,000 -26.9% 0.5%
AMERICAN FINANCIAL RESOURCES, INC. $150,000 $565,000 276.7% 0.5%
SUN WEST MORTGAGE COMPANY, INC. $565,000 n/a 0.5%
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $215,000 $550,000 155.8% 0.5%
USAA Federal Savings Bank $280,000 $495,000 76.8% 0.4%
First Horizon Bank $480,000 n/a 0.4%
Flagstar Bank, FSB $295,000 $430,000 45.8% 0.4%
AmeriHome Mortgage Company, LLC $750,000 $410,000 -45.3% 0.3%
GSF Mortgage Corporation $410,000 n/a 0.3%
PRIMELENDING, A PLAINSCAPITAL COMPANY $400,000 n/a 0.3%
BM Real Estate Services, Inc. $395,000 n/a 0.3%
JPMorgan Chase Bank $390,000 $395,000 1.3% 0.3%
CHURCHILL MORTGAGE CORPORATION $390,000 n/a 0.3%
Sabine State Bank and Trust Company $75,000 $390,000 420.0% 0.3%
First Guaranty Mortgage Corporation $210,000 $365,000 73.8% 0.3%
NEWREZ LLC $130,000 $365,000 180.8% 0.3%
Farmers Bank & Trust Company $645,000 $340,000 -47.3% 0.3%
U.S. Bank $245,000 $325,000 32.7% 0.3%
Community Bank of Louisiana $140,000 $305,000 117.9% 0.3%
AMERISAVE MORTGAGE CORPORATION $740,000 $300,000 -59.5% 0.2%
NAVY FEDERAL CREDIT UNION $295,000 n/a 0.2%
Ally Bank $285,000 n/a 0.2%
Lakeview Community Capital, LLC $285,000 n/a 0.2%
MID AMERICA MORTGAGE, INC. $1,410,000 $285,000 -79.8% 0.2%
Citizens Bank $115,000 $280,000 143.5% 0.2%
BNC National Bank $255,000 n/a 0.2%
Colonial Savings, F.A. $255,000 n/a 0.2%
MUTUAL OF OMAHA MORTGAGE, INC. $455,000 $255,000 -44.0% 0.2%
VANDERBILT MORTGAGE AND FINANCE, INC. $150,000 $255,000 70.0% 0.2%
DELMAR FINANCIAL COMPANY $245,000 n/a 0.2%
FirstTrust Home Loans, Inc. $945,000 $240,000 -74.6% 0.2%
Nations Lending Corporation $235,000 n/a 0.2%
NBKC BANK $235,000 n/a 0.2%
NEW DAY FINANCIAL, LLC $180,000 $235,000 30.6% 0.2%
Austin Capital Bank SSB $220,000 n/a 0.2%
STANDARD MORTGAGE CORPORATION $725,000 $220,000 -69.7% 0.2%
Trustmark National Bank $135,000 $210,000 55.6% 0.2%
Century Next Bank $205,000 n/a 0.2%
PLAZA HOME MORTGAGE, INC. $565,000 $200,000 -64.6% 0.2%
NP, Inc. $195,000 n/a 0.2%
Reliant Bank $275,000 $195,000 -29.1% 0.2%
VILLAGE CAPITAL & INVESTMENT LLC $345,000 $190,000 -44.9% 0.2%
Bossier Federal Credit Union $455,000 $185,000 -59.3% 0.2%
HOMESIDE FINANCIAL, LLC $390,000 $185,000 -52.6% 0.2%
EMBRACE HOME LOANS, INC. $175,000 n/a 0.1%
AMERICAN FINANCIAL NETWORK, INC. $155,000 n/a 0.1%
RELIANCE FIRST CAPITAL, LLC $155,000 n/a 0.1%
BROKER SOLUTIONS, INC. $145,000 n/a 0.1%
Progressive National Bank $135,000 $135,000 0.0% 0.1%
CROSSCOUNTRY MORTGAGE, LLC $125,000 n/a 0.1%
Bank of England $265,000 $115,000 -56.6% 0.1%
SOFI LENDING CORP. $105,000 n/a 0.1%
ZILLOW HOME LOANS, LLC $450,000 $105,000 -76.7% 0.1%
GUILD MORTGAGE COMPANY $85,000 n/a 0.1%
PHH Mortgage Corporation $75,000 n/a 0.1%
Manufacturers and Traders Trust Company $65,000 n/a 0.1%
PENTAGON FEDERAL CREDIT UNION $65,000 n/a 0.1%
Figure Lending LLC $55,000 n/a 0.0%
Southern Heritage Bank $55,000 n/a 0.0%
OPEN MORTGAGE, LLC $45,000 n/a 0.0%
The Huntington National Bank $45,000 n/a 0.0%
1st Franklin Financial Corporation $40,000 $40,000 0.0% 0.0%
BOM Bank $155,000 $25,000 -83.9% 0.0%
First National Bank $45,000 $25,000 -44.4% 0.0%

Minden's top lender by overall market share is b1BANK, with 7.7% market share. In second place, with 7.4%, is QUICKEN LOANS, LLC, having originated $9,020,000 in loans. In third place, with 6.9%, is GMFS LLC, having originated $8,420,000 in loans. In third place, with 6.6%, is Home Federal Bank, having originated $7,975,000 in loans. In third place, with 4.8%, is Citizens National Bank, N.A., having originated $5,860,000 in loans.


Minden, LA Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 381 $54,875,000 $144,029
Refi 307 $52,205,000 $170,049
Cash Out Refi 74 $10,940,000 $147,838
Home Improvement 25 $1,585,000 $63,400
Other 18 $1,650,000 $91,667

Minden's most frequently cited loan purpose was Home Purchase, with 381 originations. The 2nd most popular reason was Refi, with 307 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
2.5-3% 209 $36,885,000 $176,483
3-4% 209 $35,955,000 $172,033
<2.5% 82 $16,010,000 $195,244
5-6% 68 $6,100,000 $89,706
4-5% 55 $6,985,000 $127,000
6-7% 24 $1,710,000 $71,250
Over 8% 22 $1,890,000 $85,909
7-8% 14 $1,410,000 $100,714

During 2021, Minden's most frequently originated rate bucket was 2.5-3%, with 209 originations.

Loan Sizing (Minden, LA MSA)

Loan Size Originations Total Value Average Loan
$100k-200k 340 $48,990,000 $144,088
$100,000 or less 294 $16,350,000 $55,612
$200k-400k 153 $40,135,000 $262,320
$400k-600k 10 $4,670,000 $467,000
$600k-1000k 5 $3,915,000 $783,000
$Over $1MM 3 $7,195,000 $2,398,333

Minden's loan sizing saw the bucket of loans from $100k-200k with 340 originations, totaling $48,990,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 319 $47,195,000 $147,947
60-80% 186 $33,960,000 $182,581
40-60% 66 $9,780,000 $148,182
20-40% 33 $2,335,000 $70,758
Over 100% 13 $3,895,000 $299,615
Under 20% 12 $260,000 $21,667

Minden's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 319 originations, totaling $47,195,000 in origination value.