Morgan City Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Morgan City averaged
7.11%
for the week of 2023-09-21, compared to the national average of
7.19% for the same period.
The average rate for the prior week (2023-09-14) was
6.9% and
one month ago for the week of 2023-08-17, the
average rate was 6.71%.
Morgan City's average rate one year ago was 5.64%.
For refis of the same type during the week of 2023-09-21, the average rate
was 7.39%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2023-09-21 | 7.19% |
Morgan City 30 Year Fixed Rate | 2023-09-21 | 7.11% |
Morgan City 30 Year Fixed Rate Refi | 2023-09-21 | 7.39% |
Morgan City 15 Year Fixed Rate | 2023-09-21 | 6.34% |
Morgan City 15 Year Fixed Rate Refi | 2023-09-21 | 7.04% |
Morgan City 30 Year FHA | 2023-09-21 | 6.82% |
Morgan City 30 Year FHA Refi | 2023-09-21 | 7.24% |
Morgan City 30 Year USDA | 2023-09-21 | 7.12% |
Morgan City 30 Year USDA Refi | 2023-09-21 | 6.82% |
Morgan City 30 Year VA | 2023-09-21 | 6.62% |
Morgan City 30 Year VA Refi | 2023-09-21 | 6.72% |
Morgan City 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 Morgan City, 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.).
Morgan City Average Closing Costs & Other Stats
Morgan City, LA's 33 lenders originated 532
loans during 2022. The total origination value was $75,820,000, with an average loan value of
$142,519.
Morgan City's average closing costs are $4,657.
The top Morgan City lender as defined by loan originations is First Horizon Bank, with
34 loans originated. Their average total fees are
$4,966, which is $1,324
higher than the next largest lender,
GMFS LLC.
The lowest fee Morgan City lenders (with over 10 loans originated) are
GMFS LLC ($3,642), First Horizon Bank ($4,966), .
The lowest rate Morgan City lenders (with over 10 loans originated) are
GMFS LLC (4.36%), First Horizon Bank (5.10%), .
Morgan City, 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 |
---|---|---|---|---|
First Horizon Bank | $16,970,000 | $11,525,000 | -32.1% | 15.2% |
Flagstar Bank, FSB | $12,080,000 | $7,500,000 | -37.9% | 9.9% |
The First National Bank of Jeanerette | $3,195,000 | $4,940,000 | 54.6% | 6.5% |
UNITED WHOLESALE MORTGAGE, LLC | $3,625,000 | $4,845,000 | 33.7% | 6.4% |
M C Bank & Trust Company | $6,840,000 | $4,800,000 | -29.8% | 6.3% |
GMFS LLC | $8,125,000 | $3,985,000 | -51.0% | 5.3% |
LOANDEPOT.COM, LLC | $5,005,000 | $3,335,000 | -33.4% | 4.4% |
QUICKEN LOANS, LLC | $7,725,000 | $3,005,000 | -61.1% | 4.0% |
Hancock Whitney Bank | $3,690,000 | $2,880,000 | -22.0% | 3.8% |
Community First Bank | $580,000 | $1,995,000 | 244.0% | 2.6% |
Synergy Bank | $175,000 | $1,965,000 | 1,022.9% | 2.6% |
HOME POINT FINANCIAL CORPORATION | $3,250,000 | $1,550,000 | -52.3% | 2.0% |
Assurance Financial Group, L.L.C. | $855,000 | $1,095,000 | 28.1% | 1.4% |
EUSTIS AND AMERICAN MORTGAGE COMPANY | $515,000 | $1,080,000 | 109.7% | 1.4% |
CMG MORTGAGE, INC. | $1,150,000 | $1,010,000 | -12.2% | 1.3% |
Mortgage Research Center, LLC | $935,000 | $1,000,000 | 7.0% | 1.3% |
FIDELITY BANK | $415,000 | $835,000 | 101.2% | 1.1% |
The Evangeline Bank & Trust Company | $610,000 | $800,000 | 31.1% | 1.1% |
AMERICAN FINANCIAL RESOURCES, INC. | $940,000 | $765,000 | -18.6% | 1.0% |
21ST MORTGAGE CORPORATION | $495,000 | $735,000 | 48.5% | 1.0% |
PENNYMAC LOAN SERVICES, LLC | $1,255,000 | $705,000 | -43.8% | 0.9% |
VANDERBILT MORTGAGE AND FINANCE, INC. | $890,000 | $695,000 | -21.9% | 0.9% |
Regions Bank | $1,405,000 | $680,000 | -51.6% | 0.9% |
b1BANK | $605,000 | n/a | 0.8% | |
Jeff Davis Bancshares, Inc. | $1,725,000 | $605,000 | -64.9% | 0.8% |
CALIBER HOME LOANS, INC. | $1,140,000 | $600,000 | -47.4% | 0.8% |
SOUTHWEST FUNDING, LP | $645,000 | $580,000 | -10.1% | 0.8% |
FREEDOM MORTGAGE CORPORATION | $4,860,000 | $480,000 | -90.1% | 0.6% |
JPMorgan Chase Bank | $1,720,000 | $455,000 | -73.5% | 0.6% |
MID AMERICA MORTGAGE, INC. | $1,455,000 | $410,000 | -71.8% | 0.5% |
Mr. Cooper ( Nationstar Mortgage ) | $1,115,000 | $380,000 | -65.9% | 0.5% |
AMERISAVE MORTGAGE CORPORATION | $840,000 | $375,000 | -55.4% | 0.5% |
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $565,000 | $375,000 | -33.6% | 0.5% |
STANDARD MORTGAGE CORPORATION | $835,000 | $360,000 | -56.9% | 0.5% |
BETTER MORTGAGE CORPORATION | $320,000 | $350,000 | 9.4% | 0.5% |
Network Funding, L.P. | $340,000 | n/a | 0.4% | |
CSL Financial, LLC | $105,000 | $325,000 | 209.5% | 0.4% |
LAKEVIEW LOAN SERVICING, LLC | $720,000 | $310,000 | -56.9% | 0.4% |
TRIAD FINANCIAL SERVICES, INC. | $130,000 | $305,000 | 134.6% | 0.4% |
USAA Federal Savings Bank | $510,000 | $305,000 | -40.2% | 0.4% |
Gulf Coast Bank and Trust Company | $110,000 | $300,000 | 172.7% | 0.4% |
Home Bank | $295,000 | n/a | 0.4% | |
United Community Bank | $285,000 | n/a | 0.4% | |
MUTUAL OF OMAHA MORTGAGE, INC. | $105,000 | $280,000 | 166.7% | 0.4% |
SOUTHWEST STAGE FUNDING, LLC | $270,000 | n/a | 0.4% | |
ANGEL OAK MORTGAGE SOLUTIONS LLC | $255,000 | n/a | 0.3% | |
UNION HOME MORTGAGE CORP. | $420,000 | $255,000 | -39.3% | 0.3% |
NEWREZ LLC | $510,000 | $240,000 | -52.9% | 0.3% |
MEMBER FIRST MORTGAGE, LLC | $235,000 | n/a | 0.3% | |
Nations Lending Corporation | $615,000 | $230,000 | -62.6% | 0.3% |
BancorpSouth Bank | $355,000 | $225,000 | -36.6% | 0.3% |
OPEN MORTGAGE, LLC | $215,000 | n/a | 0.3% | |
Northpointe Bank | $205,000 | n/a | 0.3% | |
PERFORMANCE MORTGAGE LLC | $195,000 | n/a | 0.3% | |
TIB The Independent Bankersbank | $195,000 | n/a | 0.3% | |
First American Bank and Trust | $325,000 | $180,000 | -44.6% | 0.2% |
CHURCHILL MORTGAGE CORPORATION | $65,000 | $170,000 | 161.5% | 0.2% |
ALLIED MORTGAGE GROUP, INC. | $165,000 | n/a | 0.2% | |
Lakeview Community Capital, LLC | $165,000 | n/a | 0.2% | |
NATIONS RELIABLE LENDING, LLC | $165,000 | n/a | 0.2% | |
East Coast Capital Corp. | $155,000 | n/a | 0.2% | |
PRIMARY RESIDENTIAL MORTGAGE, INC. | $155,000 | $155,000 | 0.0% | 0.2% |
Wells Fargo Bank | $345,000 | $155,000 | -55.1% | 0.2% |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $445,000 | $145,000 | -67.4% | 0.2% |
AMERICAN FINANCING CORPORATION | $135,000 | n/a | 0.2% | |
ANGEL OAK HOME LOANS LLC | $115,000 | n/a | 0.2% | |
First Guaranty Mortgage Corporation | $195,000 | $115,000 | -41.0% | 0.2% |
MOVEMENT MORTGAGE, LLC | $115,000 | n/a | 0.2% | |
Signature Federal Credit Union | $115,000 | n/a | 0.2% | |
GUARANTEED RATE, INC. | $105,000 | n/a | 0.1% | |
PNC Bank | $105,000 | n/a | 0.1% | |
Bank of America | $55,000 | $95,000 | 72.7% | 0.1% |
BROKER SOLUTIONS, INC. | $250,000 | $95,000 | -62.0% | 0.1% |
COUNTRYPLACE MORTGAGE, LTD. | $95,000 | n/a | 0.1% | |
CRESCENT MORTGAGE COMPANY | $475,000 | $95,000 | -80.0% | 0.1% |
LHM FINANCIAL CORPORATION | $155,000 | $85,000 | -45.2% | 0.1% |
Campus Federal Credit Union | $75,000 | n/a | 0.1% | |
Equity Prime Mortgage LLC | $305,000 | $65,000 | -78.7% | 0.1% |
Discover Bank | $55,000 | n/a | 0.1% | |
Farmers-Merchants Bank & Trust Company | $585,000 | $55,000 | -90.6% | 0.1% |
South Lafourche Bank & Trust Company | $55,000 | n/a | 0.1% | |
SPRING EQ, LLC | $55,000 | n/a | 0.1% | |
La Capitol Federal Credit Union | $35,000 | n/a | 0.0% | |
Washington State Bank | $35,000 | n/a | 0.0% | |
EFCU FINANCIAL | $5,000 | n/a | 0.0% |
Morgan City's top lender by overall market share is First Horizon Bank, with 15.2% market share. In second place, with 9.9%, is Flagstar Bank, FSB, having originated $7,500,000 in loans. In third place, with 6.5%, is The First National Bank of Jeanerette, having originated $4,940,000 in loans. In fourth place, with 6.4%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $4,845,000 in loans. In fifth place, with 6.3%, is M C Bank & Trust Company, having originated $4,800,000 in loans.
Morgan City Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - Morgan City (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $135,250 (5.5%) | $208,726 (1.4%) | 0.00 | 151 |
2018-02-01 | $135,000 (4.5%) | $210,091 (-0.5%) | 0.00 | 147 |
2018-03-01 | $141,000 (-1.0%) | $210,233 (-4.4%) | 0.00 | 149 |
2018-04-01 | $142,250 (-2.4%) | $209,560 (-6.6%) | 0.00 | 163 |
2018-05-01 | $139,950 (-6.7%) | $209,969 (-10.9%) | 0.00 | 158 |
2018-06-01 | $139,500 (-7.0%) | $202,678 (-7.6%) | 0.00 | 168 |
2018-07-01 | $145,650 (-0.9%) | $205,900 (2.5%) | 0.00 | 162 |
2018-08-01 | $149,000 (5.4%) | $204,677 (4.5%) | 0.00 | 170 |
2018-09-01 | $150,000 (2.4%) | $204,549 (5.3%) | 0.00 | 164 |
2018-10-01 | $153,750 (13.6%) | $209,148 (7.4%) | 0.00 | 159 |
2018-11-01 | $151,250 (8.6%) | $204,377 (3.4%) | 0.00 | 158 |
2018-12-01 | $150,000 (11.1%) | $203,537 (3.8%) | 0.00 | 150 |
2019-01-01 | $150,000 (10.9%) | $199,035 (-4.6%) | 0.00 | 152 |
2019-02-01 | $157,175 (16.4%) | $198,487 (-5.5%) | 0.00 | 165 |
2019-03-01 | $154,550 (9.6%) | $199,692 (-5.0%) | 0.00 | 165 |
2019-04-01 | $150,000 (5.5%) | $207,994 (-0.8%) | 0.00 | 163 |
2019-05-01 | $149,900 (7.1%) | $207,946 (-1.0%) | 0.00 | 160 |
2019-06-01 | $142,450 (2.1%) | $207,804 (2.5%) | 0.00 | 165 |
2019-07-01 | $145,250 (-0.3%) | $211,326 (2.6%) | 0.00 | 171 |
2019-08-01 | $144,455 (-3.1%) | $209,940 (2.6%) | 0.00 | 165 |
2019-09-01 | $143,636 (-4.2%) | $206,222 (0.8%) | 0.00 | 162 |
2019-10-01 | $143,000 (-7.0%) | $204,458 (-2.2%) | 0.00 | 158 |
2019-11-01 | $143,000 (-5.5%) | $207,874 (1.7%) | 0.00 | 152 |
2019-12-01 | $140,650 (-6.2%) | $208,555 (2.5%) | 0.00 | 144 |
2020-01-01 | $135,000 (-10.0%) | $200,401 (0.7%) | 0.00 | 150 |
2020-02-01 | $135,000 (-14.1%) | $199,553 (0.5%) | 0.00 | 162 |
2020-03-01 | $134,675 (-12.9%) | $205,653 (3.0%) | 0.00 | 166 |
2020-04-01 | $135,000 (-10.0%) | $209,598 (0.8%) | 0.00 | 160 |
2020-05-01 | $139,250 (-7.1%) | $213,700 (2.8%) | 0.00 | 154 |
2020-06-01 | $139,950 (-1.8%) | $212,049 (2.0%) | 0.00 | 156 |
2020-07-01 | $144,750 (-0.3%) | $210,898 (-0.2%) | 0.00 | 152 |
2020-08-01 | $155,000 (7.3%) | $221,035 (5.3%) | 0.00 | 146 |
2020-09-01 | $163,525 (13.9%) | $223,655 (8.5%) | 0.00 | 138 |
2020-10-01 | $155,000 (8.4%) | $204,172 (-0.1%) | 0.00 | 134 |
2020-11-01 | $149,675 (4.7%) | $203,723 (-2.0%) | 0.00 | 136 |
2020-12-01 | $146,975 (4.5%) | $227,215 (9.0%) | 0.00 | 129 |
2021-01-01 | $145,000 (7.4%) | $229,119 (14.3%) | 0.00 | 115 |
2021-02-01 | $154,925 (14.8%) | $236,588 (18.6%) | 0.00 | 120 |
2021-03-01 | $153,725 (14.2%) | $253,189 (23.1%) | 0.00 | 115 |
2021-04-01 | $155,000 (14.8%) | $262,181 (25.1%) | 0.00 | 104 |
2021-05-01 | $149,900 (7.7%) | $249,687 (16.8%) | 0.00 | 97 |
2021-06-01 | $157,475 (12.5%) | $256,272 (20.9%) | 0.00 | 100 |
2021-07-01 | $169,450 (17.1%) | $250,940 (19.0%) | 0.00 | 103 |
2021-08-01 | $176,500 (13.9%) | $274,215 (24.1%) | 0.00 | 98 |
2021-09-01 | $176,000 (7.6%) | $257,351 (15.1%) | 0.00 | 105 |
2021-10-01 | $195,000 (25.8%) | $287,635 (40.9%) | 0.00 | 92 |
2021-11-01 | $199,200 (33.1%) | $288,551 (41.6%) | 0.00 | 87 |
2021-12-01 | $199,950 (36.0%) | $268,456 (18.2%) | 0.00 | 86 |
2022-01-01 | $195,000 (34.5%) | $263,790 (15.1%) | 0.00 | 88 |
2022-02-01 | $194,875 (25.8%) | $284,063 (20.1%) | 0.00 | 88 |
2022-03-01 | $188,500 (22.6%) | $278,695 (10.1%) | 0.00 | 83 |
2022-04-01 | $189,000 (21.9%) | $266,312 (1.6%) | 0.00 | 92 |
2022-05-01 | $188,750 (25.9%) | $272,309 (9.1%) | 0.00 | 100 |
2022-06-01 | $182,500 (15.9%) | $284,020 (10.8%) | 0.00 | 89 |
2022-07-01 | $169,900 (0.3%) | $280,883 (11.9%) | 0.00 | 87 |
2022-08-01 | $166,500 (-5.7%) | $271,619 (-1.0%) | 0.00 | 93 |
2022-09-01 | $159,625 (-9.3%) | $265,319 (3.1%) | 0.00 | 101 |
2022-10-01 | $163,500 (-16.2%) | $249,548 (-13.2%) | 0.00 | 103 |
2022-11-01 | $160,000 (-19.7%) | $244,611 (-15.2%) | 0.00 | 102 |
2022-12-01 | $160,000 (-20.0%) | $241,658 (-10.0%) | 0.00 | 99 |
2023-01-01 | $160,000 (-18.0%) | $244,219 (-7.4%) | 0.00 | 90 |
2023-02-01 | $170,000 (-12.8%) | $257,398 (-9.4%) | 0.00 | 91 |
2023-03-01 | $168,500 (-10.6%) | $248,246 (-10.9%) | 0.00 | 93 |
2023-04-01 | $172,000 (-9.0%) | $250,269 (-6.0%) | 0.00 | 93 |
2023-05-01 | $169,974 (-10.0%) | $250,655 (-8.0%) | 0.00 | 101 |
2023-06-01 | $172,125 (-5.7%) | $250,056 (-12.0%) | 0.00 | 100 |
2023-07-01 | $185,000 (8.9%) | $266,892 (-5.0%) | 0.00 | 99 |
2023-08-01 | $188,000 (12.9%) | $262,823 (-3.2%) | 0.00 | 103 |
Morgan City's median listing price comes in at 0% of the national average.
Morgan City's average listing price for 2023-08-01 was $262,823, a difference of $-8,796 (-3.2%) versus the prior year and $-4,069 versus the prior month.
For the 2023-08-01 period, Morgan City had 103 MLS listings, a difference of 4 listings (4%) versus the prior month and 10 listings (11%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Morgan City (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,952 sqft |
2018-02-01 | 0 days | 1,922 sqft |
2018-03-01 | 0 days | 1,780 sqft |
2018-04-01 | 0 days | 1,780 sqft |
2018-05-01 | 0 days | 1,780 sqft |
2018-06-01 | 0 days | 1,795 sqft |
2018-07-01 | 0 days | 1,859 sqft |
2018-08-01 | 0 days | 1,858 sqft |
2018-09-01 | 0 days | 1,925 sqft |
2018-10-01 | 0 days | 1,973 sqft |
2018-11-01 | 0 days | 1,982 sqft |
2018-12-01 | 0 days | 2,025 sqft |
2019-01-01 | 0 days | 2,123 sqft |
2019-02-01 | 0 days | 2,011 sqft |
2019-03-01 | 0 days | 1,967 sqft |
2019-04-01 | 0 days | 1,955 sqft |
2019-05-01 | 0 days | 1,947 sqft |
2019-06-01 | 0 days | 1,940 sqft |
2019-07-01 | 0 days | 1,942 sqft |
2019-08-01 | 0 days | 1,952 sqft |
2019-09-01 | 0 days | 1,962 sqft |
2019-10-01 | 0 days | 1,972 sqft |
2019-11-01 | 0 days | 1,960 sqft |
2019-12-01 | 0 days | 1,978 sqft |
2020-01-01 | 0 days | 1,969 sqft |
2020-02-01 | 0 days | 1,991 sqft |
2020-03-01 | 0 days | 1,980 sqft |
2020-04-01 | 0 days | 2,004 sqft |
2020-05-01 | 0 days | 2,107 sqft |
2020-06-01 | 0 days | 2,098 sqft |
2020-07-01 | 0 days | 2,073 sqft |
2020-08-01 | 0 days | 2,088 sqft |
2020-09-01 | 0 days | 2,049 sqft |
2020-10-01 | 0 days | 2,024 sqft |
2020-11-01 | 0 days | 2,041 sqft |
2020-12-01 | 0 days | 2,027 sqft |
2021-01-01 | 0 days | 2,024 sqft |
2021-02-01 | 0 days | 2,041 sqft |
2021-03-01 | 0 days | 1,996 sqft |
2021-04-01 | 0 days | 2,021 sqft |
2021-05-01 | 0 days | 1,889 sqft |
2021-06-01 | 0 days | 1,841 sqft |
2021-07-01 | 0 days | 1,914 sqft |
2021-08-01 | 0 days | 1,926 sqft |
2021-09-01 | 0 days | 1,962 sqft |
2021-10-01 | 0 days | 2,023 sqft |
2021-11-01 | 0 days | 2,030 sqft |
2021-12-01 | 0 days | 1,984 sqft |
2022-01-01 | 0 days | 1,857 sqft |
2022-02-01 | 0 days | 1,992 sqft |
2022-03-01 | 0 days | 2,041 sqft |
2022-04-01 | 0 days | 1,949 sqft |
2022-05-01 | 0 days | 2,050 sqft |
2022-06-01 | 0 days | 2,133 sqft |
2022-07-01 | 0 days | 1,993 sqft |
2022-08-01 | 0 days | 1,794 sqft |
2022-09-01 | 0 days | 1,898 sqft |
2022-10-01 | 0 days | 1,968 sqft |
2022-11-01 | 0 days | 1,984 sqft |
2022-12-01 | 0 days | 1,982 sqft |
2023-01-01 | 0 days | 1,682 sqft |
2023-02-01 | 0 days | 1,676 sqft |
2023-03-01 | 0 days | 1,676 sqft |
2023-04-01 | 0 days | 1,700 sqft |
2023-05-01 | 0 days | 1,678 sqft |
2023-06-01 | 0 days | 1,697 sqft |
2023-07-01 | 0 days | 1,842 sqft |
2023-08-01 | 0 days | 1,986 sqft |
Morgan City's median square footage for active listings during the 2023-08-01 period was 1,986 sqft. One year prior, the average listing was 1,794 sqft.
Morgan City, LA Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 319 | $51,285,000 | $160,768 |
Refi | 121 | $13,645,000 | $112,769 |
Cash Out Refi | 50 | $8,280,000 | $165,600 |
Home Improvement | 25 | $1,615,000 | $64,600 |
Other | 17 | $995,000 | $58,529 |
Morgan City's most frequently cited loan purpose was Home Purchase, with 319 originations. The 2nd most popular reason was Refi, with 121 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
4-5% | 101 | $16,435,000 | $162,723 |
5-6% | 95 | $16,115,000 | $169,632 |
3-4% | 76 | $12,230,000 | $160,921 |
6-7% | 50 | $7,230,000 | $144,600 |
2.5-3% | 35 | $4,345,000 | $124,143 |
7-8% | 27 | $3,485,000 | $129,074 |
Over 8% | 15 | $1,265,000 | $84,333 |
<2.5% | 5 | $685,000 | $137,000 |
During 2022, Morgan City's most frequently originated rate bucket was 4-5%, with 101 originations.
Loan Sizing (Morgan City, LA MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$100k-200k | 234 | $33,170,000 | $141,752 |
$100,000 or less | 193 | $11,625,000 | $60,233 |
$200k-400k | 93 | $24,185,000 | $260,054 |
$400k-600k | 7 | $3,115,000 | $445,000 |
$600k-1000k | 5 | $3,725,000 | $745,000 |
Morgan City's loan sizing saw the bucket of loans from $100k-200k with 234 originations, totaling $33,170,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 236 | $39,410,000 | $166,992 |
60-80% | 79 | $12,645,000 | $160,063 |
40-60% | 40 | $4,240,000 | $106,000 |
20-40% | 18 | $1,990,000 | $110,556 |
Under 20% | 14 | $470,000 | $33,571 |
Over 100% | 12 | $2,330,000 | $194,167 |
Morgan City's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 236 originations, totaling $39,410,000 in origination value.