Natchitoches Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Natchitoches averaged
6.55%
for the week of 2023-05-25, compared to the national average of
6.57% for the same period.
The average rate for the prior week (2023-05-18) was
6.17% and
one month ago for the week of 2023-04-20, the
average rate was 6.07%.
Natchitoches's average rate one year ago was 5.03%.
For refis of the same type during the week of 2023-05-25, the average rate
was 7.07%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2023-05-25 | 6.57% |
Natchitoches 30 Year Fixed Rate | 2023-05-25 | 6.55% |
Natchitoches 30 Year Fixed Rate Refi | 2023-05-25 | 7.07% |
Natchitoches 15 Year Fixed Rate | 2023-05-25 | 6.07% |
Natchitoches 15 Year Fixed Rate Refi | 2023-05-25 | 5.87% |
Natchitoches 30 Year FHA | 2023-05-25 | 6.81% |
Natchitoches 30 Year FHA Refi | 2023-05-25 | 6.71% |
Natchitoches 30 Year USDA | 2023-05-25 | 6.43% |
Natchitoches 30 Year USDA Refi | 2023-05-25 | 6.63% |
Natchitoches 30 Year VA | 2023-05-25 | 6.21% |
Natchitoches 30 Year VA Refi | 2023-05-25 | 6.41% |
Natchitoches 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 Natchitoches, 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.).
Natchitoches Average Closing Costs & Other Stats
Natchitoches, LA's 37 lenders originated 469
loans during 2022. The total origination value was $94,415,000, with an average loan value of
$201,311.
Natchitoches's average closing costs are $4,975.
The top Natchitoches lender as defined by loan originations is GMFS LLC, with
48 loans originated. Their average total fees are
$3,972, which is $2,390
lower than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Natchitoches lenders (with over 10 loans originated) are
GMFS LLC ($3,972), Sabine State Bank and Trust Company ($5,842), QUICKEN LOANS, LLC ($6,362), .
The lowest rate Natchitoches lenders (with over 10 loans originated) are
GMFS LLC (4.66%), QUICKEN LOANS, LLC (5.05%), Sabine State Bank and Trust Company (5.65%), .
Natchitoches, 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 |
---|---|---|---|---|
GMFS LLC | $26,705,000 | $19,410,000 | -27.3% | 20.6% |
BOM Bank | $9,995,000 | $13,220,000 | 32.3% | 14.0% |
QUICKEN LOANS, LLC | $11,545,000 | $6,980,000 | -39.5% | 7.4% |
Sabine State Bank and Trust Company | $9,690,000 | $6,280,000 | -35.2% | 6.7% |
Renasant Bank | $10,240,000 | $3,910,000 | -61.8% | 4.1% |
First Federal Bank of Louisiana | $3,070,000 | $2,670,000 | -13.0% | 2.8% |
Red River Bank | $2,100,000 | $2,415,000 | 15.0% | 2.6% |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $3,130,000 | $1,800,000 | -42.5% | 1.9% |
TRIAD FINANCIAL SERVICES, INC. | $1,260,000 | $1,685,000 | 33.7% | 1.8% |
JPMorgan Chase Bank | $1,380,000 | $1,505,000 | 9.1% | 1.6% |
Home Bank | $165,000 | $1,455,000 | 781.8% | 1.5% |
UNITED WHOLESALE MORTGAGE, LLC | $3,590,000 | $1,250,000 | -65.2% | 1.3% |
EUSTIS AND AMERICAN MORTGAGE COMPANY | $760,000 | $1,215,000 | 59.9% | 1.3% |
Hancock Whitney Bank | $1,465,000 | $1,175,000 | -19.8% | 1.2% |
TIB The Independent Bankersbank | $255,000 | $1,150,000 | 351.0% | 1.2% |
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $3,200,000 | $1,105,000 | -65.5% | 1.2% |
21ST MORTGAGE CORPORATION | $3,010,000 | $1,095,000 | -63.6% | 1.2% |
ANECA Federal Credit Union | $905,000 | n/a | 1.0% | |
VANDERBILT MORTGAGE AND FINANCE, INC. | $1,370,000 | $900,000 | -34.3% | 1.0% |
Carrington Mortgage Services, LLC | $915,000 | $885,000 | -3.3% | 0.9% |
Wells Fargo Bank | $710,000 | $860,000 | 21.1% | 0.9% |
Home Federal Bank | $135,000 | $775,000 | 474.1% | 0.8% |
Mr. Cooper ( Nationstar Mortgage ) | $1,785,000 | $770,000 | -56.9% | 0.8% |
Mortgage Research Center, LLC | $2,970,000 | $765,000 | -74.2% | 0.8% |
BARKSDALE | $105,000 | $725,000 | 590.5% | 0.8% |
LOANDEPOT.COM, LLC | $2,165,000 | $685,000 | -68.4% | 0.7% |
HOME POINT FINANCIAL CORPORATION | $760,000 | $605,000 | -20.4% | 0.6% |
USAA Federal Savings Bank | $815,000 | $605,000 | -25.8% | 0.6% |
Flagstar Bank, FSB | $1,075,000 | $590,000 | -45.1% | 0.6% |
BROKER SOLUTIONS, INC. | $125,000 | $560,000 | 348.0% | 0.6% |
Assurance Financial Group, L.L.C. | $545,000 | n/a | 0.6% | |
Gateway First Bank | $105,000 | $530,000 | 404.8% | 0.6% |
THRIVE MORTGAGE, LLC | $1,245,000 | $530,000 | -57.4% | 0.6% |
HOMEBRIDGE FINANCIAL SERVICES, INC. | $735,000 | $480,000 | -34.7% | 0.5% |
COUNTRYPLACE MORTGAGE, LTD. | $170,000 | $465,000 | 173.5% | 0.5% |
Network Funding, L.P. | $255,000 | $460,000 | 80.4% | 0.5% |
ROYAL UNITED MORTGAGE LLC | $105,000 | $445,000 | 323.8% | 0.5% |
CHURCHILL MORTGAGE CORPORATION | $410,000 | n/a | 0.4% | |
NEWREZ LLC | $1,235,000 | $410,000 | -66.8% | 0.4% |
PLAZA HOME MORTGAGE, INC. | $410,000 | n/a | 0.4% | |
Origin Bank | $390,000 | n/a | 0.4% | |
PRIMARY RESIDENTIAL MORTGAGE, INC. | $535,000 | $390,000 | -27.1% | 0.4% |
MOVEMENT MORTGAGE, LLC | $780,000 | $370,000 | -52.6% | 0.4% |
CALIBER HOME LOANS, INC. | $795,000 | $360,000 | -54.7% | 0.4% |
NAVY FEDERAL CREDIT UNION | $680,000 | $350,000 | -48.5% | 0.4% |
NEW DAY FINANCIAL, LLC | $730,000 | $330,000 | -54.8% | 0.3% |
BARTLETT MORTGAGE, INC. | $325,000 | n/a | 0.3% | |
PIERREMONT MORTGAGE, INC. | $325,000 | n/a | 0.3% | |
b1BANK | $315,000 | $305,000 | -3.2% | 0.3% |
Regions Bank | $705,000 | $300,000 | -57.4% | 0.3% |
First National Bank in DeRidder | $25,000 | $275,000 | 1,000.0% | 0.3% |
PLANET HOME LENDING, LLC | $505,000 | $275,000 | -45.5% | 0.3% |
Wyndham Capital Mortgage, Inc. | $265,000 | n/a | 0.3% | |
MUTUAL OF OMAHA MORTGAGE, INC. | $260,000 | n/a | 0.3% | |
AMERISAVE MORTGAGE CORPORATION | $1,535,000 | $255,000 | -83.4% | 0.3% |
CORNERSTONE HOME LENDING, INC. | $255,000 | n/a | 0.3% | |
LAKEVIEW LOAN SERVICING, LLC | $870,000 | $255,000 | -70.7% | 0.3% |
RUOFF MORTGAGE COMPANY, INC. | $255,000 | n/a | 0.3% | |
City National Bank of Florida | $245,000 | n/a | 0.3% | |
SOUTHWEST FUNDING, LP | $545,000 | $245,000 | -55.0% | 0.3% |
MORTGAGE SOLUTIONS OF COLORADO, LLC | $235,000 | n/a | 0.2% | |
DRAPER AND KRAMER MORTGAGE CORP. | $225,000 | n/a | 0.2% | |
NTFN, INC. | $225,000 | n/a | 0.2% | |
PENNYMAC LOAN SERVICES, LLC | $805,000 | $225,000 | -72.0% | 0.2% |
Thomasville National Bank | $225,000 | n/a | 0.2% | |
La Capitol Federal Credit Union | $1,410,000 | $220,000 | -84.4% | 0.2% |
Bank of England | $215,000 | n/a | 0.2% | |
HOMELAND BANCSHARES, INC. | $215,000 | n/a | 0.2% | |
PRIMELENDING, A PLAINSCAPITAL COMPANY | $205,000 | n/a | 0.2% | |
Deere Employees Credit Union | $475,000 | $200,000 | -57.9% | 0.2% |
CARTER FEDERAL CREDIT UNION | $190,000 | n/a | 0.2% | |
LIBERTY HOME MORTGAGE CORPORATION | $185,000 | n/a | 0.2% | |
The Evangeline Bank & Trust Company | $300,000 | $185,000 | -38.3% | 0.2% |
FREEDOM MORTGAGE CORPORATION | $2,585,000 | $165,000 | -93.6% | 0.2% |
HOMESIDE FINANCIAL, LLC | $165,000 | n/a | 0.2% | |
Plains Commerce Bank | $95,000 | $165,000 | 73.7% | 0.2% |
UNITED BUILT HOMES, L.L.C. | $870,000 | $165,000 | -81.0% | 0.2% |
BETTER MORTGAGE CORPORATION | $175,000 | $155,000 | -11.4% | 0.2% |
DHI MORTGAGE COMPANY, LTD. | $155,000 | n/a | 0.2% | |
MID AMERICA MORTGAGE, INC. | $320,000 | $155,000 | -51.6% | 0.2% |
United Community Bank | $150,000 | n/a | 0.2% | |
LIMA ONE CAPITAL, LLC | $135,000 | n/a | 0.1% | |
Metairie Bank & Trust Company | $135,000 | n/a | 0.1% | |
SOUTHWEST STAGE FUNDING, LLC | $135,000 | $135,000 | 0.0% | 0.1% |
DATA MORTGAGE, INC. | $125,000 | n/a | 0.1% | |
Barrington Bank & Trust Company, N.A. | $710,000 | $115,000 | -83.8% | 0.1% |
Community First Bank | $115,000 | n/a | 0.1% | |
The Bank | $225,000 | $115,000 | -48.9% | 0.1% |
Equity Prime Mortgage LLC | $105,000 | n/a | 0.1% | |
First Community Bank | $85,000 | n/a | 0.1% | |
Southern Heritage Bank | $1,215,000 | $85,000 | -93.0% | 0.1% |
MORTGAGE FINANCIAL SERVICES, LLC | $225,000 | $65,000 | -71.1% | 0.1% |
Pelican State Credit Union | $515,000 | $60,000 | -88.3% | 0.1% |
CREDIT HUMAN FEDERAL CREDIT UNION | $55,000 | n/a | 0.1% | |
Jeff Davis Bancshares, Inc. | $55,000 | n/a | 0.1% | |
Trustmark National Bank | $55,000 | n/a | 0.1% | |
CSL Financial, LLC | $75,000 | $45,000 | -40.0% | 0.0% |
Figure Lending LLC | $55,000 | $45,000 | -18.2% | 0.0% |
Gibsland Bank & Trust Company | $45,000 | n/a | 0.0% | |
U.S. Bank | $45,000 | n/a | 0.0% | |
American Bank & Trust Company | $35,000 | n/a | 0.0% | |
CIS Financial Services, Inc. | $35,000 | n/a | 0.0% | |
GREATER NEW ORLEANS | $35,000 | n/a | 0.0% |
Natchitoches's top lender by overall market share is GMFS LLC, with 20.6% market share. In second place, with 14.0%, is BOM Bank, having originated $13,220,000 in loans. In third place, with 7.4%, is QUICKEN LOANS, LLC, having originated $6,980,000 in loans. In fourth place, with 6.7%, is Sabine State Bank and Trust Company, having originated $6,280,000 in loans. In fifth place, with 4.1%, is Renasant Bank, having originated $3,910,000 in loans.
Natchitoches Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - Natchitoches (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 | $175,000 (-7.4%) | $236,027 (10.6%) | 0.00 | 107 |
2018-02-01 | $176,250 (-6.8%) | $233,378 (6.7%) | 0.00 | 110 |
2018-03-01 | $179,450 (-0.7%) | $226,098 (0.1%) | 0.00 | 110 |
2018-04-01 | $203,125 (16.1%) | $252,633 (15.0%) | 0.00 | 122 |
2018-05-01 | $204,375 (15.1%) | $254,022 (14.8%) | 0.00 | 132 |
2018-06-01 | $199,000 (18.5%) | $254,670 (22.6%) | 0.00 | 146 |
2018-07-01 | $200,950 (20.0%) | $255,025 (19.3%) | 0.00 | 146 |
2018-08-01 | $216,225 (23.6%) | $256,652 (14.6%) | 0.00 | 145 |
2018-09-01 | $217,450 (7.4%) | $251,839 (6.4%) | 0.00 | 147 |
2018-10-01 | $209,975 (0.8%) | $246,123 (4.2%) | 0.00 | 147 |
2018-11-01 | $216,675 (19.7%) | $250,301 (10.4%) | 0.00 | 139 |
2018-12-01 | $220,000 (22.9%) | $246,083 (3.8%) | 0.00 | 139 |
2019-01-01 | $218,725 (25.0%) | $246,447 (4.4%) | 0.00 | 138 |
2019-02-01 | $214,450 (21.7%) | $250,638 (7.4%) | 0.00 | 136 |
2019-03-01 | $224,250 (25.0%) | $252,011 (11.5%) | 0.00 | 151 |
2019-04-01 | $224,625 (10.6%) | $249,031 (-1.4%) | 0.00 | 151 |
2019-05-01 | $225,000 (10.1%) | $248,016 (-2.4%) | 0.00 | 153 |
2019-06-01 | $228,250 (14.7%) | $251,883 (-1.1%) | 0.00 | 151 |
2019-07-01 | $227,000 (13.0%) | $257,811 (1.1%) | 0.00 | 152 |
2019-08-01 | $229,000 (5.9%) | $258,172 (0.6%) | 0.00 | 148 |
2019-09-01 | $229,974 (5.8%) | $262,343 (4.2%) | 0.00 | 145 |
2019-10-01 | $229,950 (9.5%) | $260,981 (6.0%) | 0.00 | 146 |
2019-11-01 | $225,000 (3.8%) | $252,030 (0.7%) | 0.00 | 137 |
2019-12-01 | $217,225 (-1.3%) | $249,741 (1.5%) | 0.00 | 135 |
2020-01-01 | $221,250 (1.2%) | $247,016 (0.2%) | 0.00 | 126 |
2020-02-01 | $225,000 (4.9%) | $234,925 (-6.3%) | 0.00 | 128 |
2020-03-01 | $225,000 (0.3%) | $242,073 (-3.9%) | 0.00 | 112 |
2020-04-01 | $225,000 (0.2%) | $243,137 (-2.4%) | 0.00 | 107 |
2020-05-01 | $224,900 (0.0%) | $242,367 (-2.3%) | 0.00 | 107 |
2020-06-01 | $222,375 (-2.6%) | $253,423 (0.6%) | 0.00 | 103 |
2020-07-01 | $202,550 (-10.8%) | $241,527 (-6.3%) | 0.00 | 97 |
2020-08-01 | $209,000 (-8.7%) | $253,186 (-1.9%) | 0.00 | 86 |
2020-09-01 | $224,875 (-2.2%) | $260,794 (-0.6%) | 0.00 | 89 |
2020-10-01 | $224,750 (-2.3%) | $267,514 (2.5%) | 0.00 | 79 |
2020-11-01 | $239,125 (6.3%) | $288,346 (14.4%) | 0.00 | 70 |
2020-12-01 | $232,000 (6.8%) | $278,447 (11.5%) | 0.00 | 66 |
2021-01-01 | $249,250 (12.7%) | $286,728 (16.1%) | 0.00 | 65 |
2021-02-01 | $264,450 (17.5%) | $294,786 (25.5%) | 0.00 | 65 |
2021-03-01 | $264,225 (17.4%) | $289,996 (19.8%) | 0.00 | 73 |
2021-04-01 | $249,125 (10.7%) | $276,768 (13.8%) | 0.00 | 58 |
2021-05-01 | $207,325 (-7.8%) | $249,213 (2.8%) | 0.00 | 51 |
2021-06-01 | $209,950 (-5.6%) | $243,971 (-3.7%) | 0.00 | 41 |
2021-07-01 | $204,750 (1.1%) | $269,127 (11.4%) | 0.00 | 44 |
2021-08-01 | $216,100 (3.4%) | $318,460 (25.8%) | 0.00 | 50 |
2021-09-01 | $215,000 (-4.4%) | $304,864 (16.9%) | 0.00 | 51 |
2021-10-01 | $215,000 (-4.3%) | $298,427 (11.6%) | 0.00 | 52 |
2021-11-01 | $212,499 (-11.1%) | $286,864 (-0.5%) | 0.00 | 57 |
2021-12-01 | $217,000 (-6.5%) | $265,670 (-4.6%) | 0.00 | 58 |
2022-01-01 | $186,450 (-25.2%) | $235,168 (-18.0%) | 0.00 | 50 |
2022-02-01 | $188,675 (-28.7%) | $258,892 (-12.2%) | 0.00 | 40 |
2022-03-01 | $219,250 (-17.0%) | $286,033 (-1.4%) | 0.00 | 42 |
2022-04-01 | $249,000 (-0.1%) | $293,956 (6.2%) | 0.00 | 43 |
2022-05-01 | $254,500 (22.8%) | $299,414 (20.1%) | 0.00 | 36 |
2022-06-01 | $273,725 (30.4%) | $303,884 (24.6%) | 0.00 | 43 |
2022-07-01 | $265,000 (29.4%) | $272,282 (1.2%) | 0.00 | 43 |
2022-08-01 | $231,375 (7.1%) | $250,102 (-21.5%) | 0.00 | 42 |
2022-09-01 | $226,225 (5.2%) | $243,952 (-20.0%) | 0.00 | 44 |
2022-10-01 | $217,500 (1.2%) | $239,099 (-19.9%) | 0.00 | 43 |
2022-11-01 | $189,999 (-10.6%) | $249,872 (-12.9%) | 0.00 | 45 |
2022-12-01 | $210,000 (-3.2%) | $252,873 (-4.8%) | 0.00 | 49 |
2023-01-01 | $235,375 (26.2%) | $262,321 (11.6%) | 0.00 | 53 |
2023-02-01 | $245,875 (30.3%) | $268,895 (3.9%) | 0.00 | 50 |
2023-03-01 | $299,400 (36.6%) | $288,623 (0.9%) | 0.00 | 50 |
2023-04-01 | $310,000 (24.5%) | $298,634 (1.6%) | 0.00 | 54 |
Natchitoches's median listing price comes in at 0% of the national average.
Natchitoches's average listing price for 2023-04-01 was $298,634, a difference of $4,678 (1.6%) versus the prior year and $10,011 versus the prior month.
For the 2023-04-01 period, Natchitoches had 54 MLS listings, a difference of 4 listings (8%) versus the prior month and 11 listings (26%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Natchitoches (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,993 sqft |
2018-02-01 | 0 days | 1,937 sqft |
2018-03-01 | 0 days | 1,944 sqft |
2018-04-01 | 0 days | 2,040 sqft |
2018-05-01 | 0 days | 2,008 sqft |
2018-06-01 | 0 days | 1,990 sqft |
2018-07-01 | 0 days | 1,999 sqft |
2018-08-01 | 0 days | 2,043 sqft |
2018-09-01 | 0 days | 2,074 sqft |
2018-10-01 | 0 days | 2,012 sqft |
2018-11-01 | 0 days | 2,026 sqft |
2018-12-01 | 0 days | 1,999 sqft |
2019-01-01 | 0 days | 2,001 sqft |
2019-02-01 | 0 days | 1,998 sqft |
2019-03-01 | 0 days | 2,007 sqft |
2019-04-01 | 0 days | 2,009 sqft |
2019-05-01 | 0 days | 2,005 sqft |
2019-06-01 | 0 days | 2,010 sqft |
2019-07-01 | 0 days | 2,008 sqft |
2019-08-01 | 0 days | 2,032 sqft |
2019-09-01 | 0 days | 2,039 sqft |
2019-10-01 | 0 days | 2,078 sqft |
2019-11-01 | 0 days | 2,018 sqft |
2019-12-01 | 0 days | 2,014 sqft |
2020-01-01 | 0 days | 2,019 sqft |
2020-02-01 | 0 days | 2,017 sqft |
2020-03-01 | 0 days | 2,026 sqft |
2020-04-01 | 0 days | 2,046 sqft |
2020-05-01 | 0 days | 2,010 sqft |
2020-06-01 | 0 days | 2,066 sqft |
2020-07-01 | 0 days | 1,923 sqft |
2020-08-01 | 0 days | 1,900 sqft |
2020-09-01 | 0 days | 2,002 sqft |
2020-10-01 | 0 days | 1,984 sqft |
2020-11-01 | 0 days | 2,068 sqft |
2020-12-01 | 0 days | 2,069 sqft |
2021-01-01 | 0 days | 2,117 sqft |
2021-02-01 | 0 days | 2,240 sqft |
2021-03-01 | 0 days | 2,223 sqft |
2021-04-01 | 0 days | 2,148 sqft |
2021-05-01 | 0 days | 2,083 sqft |
2021-06-01 | 0 days | 2,065 sqft |
2021-07-01 | 0 days | 1,985 sqft |
2021-08-01 | 0 days | 2,033 sqft |
2021-09-01 | 0 days | 1,945 sqft |
2021-10-01 | 0 days | 1,945 sqft |
2021-11-01 | 0 days | 1,904 sqft |
2021-12-01 | 0 days | 1,913 sqft |
2022-01-01 | 0 days | 1,834 sqft |
2022-02-01 | 0 days | 1,864 sqft |
2022-03-01 | 0 days | 1,936 sqft |
2022-04-01 | 0 days | 2,019 sqft |
2022-05-01 | 0 days | 2,156 sqft |
2022-06-01 | 0 days | 2,141 sqft |
2022-07-01 | 0 days | 2,096 sqft |
2022-08-01 | 0 days | 1,955 sqft |
2022-09-01 | 0 days | 1,865 sqft |
2022-10-01 | 0 days | 1,911 sqft |
2022-11-01 | 0 days | 1,842 sqft |
2022-12-01 | 0 days | 1,900 sqft |
2023-01-01 | 0 days | 2,024 sqft |
2023-02-01 | 0 days | 2,095 sqft |
2023-03-01 | 0 days | 2,100 sqft |
2023-04-01 | 0 days | 2,019 sqft |
Natchitoches's median square footage for active listings during the 2023-04-01 period was 2,019 sqft. One year prior, the average listing was 2,019 sqft.
Natchitoches, LA Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 305 | $62,295,000 | $204,246 |
Refi | 91 | $19,165,000 | $210,604 |
Cash Out Refi | 52 | $10,800,000 | $207,692 |
Home Improvement | 12 | $1,000,000 | $83,333 |
Other | 9 | $1,155,000 | $128,333 |
Natchitoches's most frequently cited loan purpose was Home Purchase, with 305 originations. The 2nd most popular reason was Refi, with 91 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
5-6% | 109 | $24,285,000 | $222,798 |
4-5% | 79 | $18,725,000 | $237,025 |
3-4% | 76 | $15,690,000 | $206,447 |
6-7% | 34 | $5,300,000 | $155,882 |
2.5-3% | 31 | $6,225,000 | $200,806 |
7-8% | 25 | $3,135,000 | $125,400 |
Over 8% | 16 | $1,660,000 | $103,750 |
<2.5% | 9 | $2,185,000 | $242,778 |
During 2022, Natchitoches's most frequently originated rate bucket was 5-6%, with 109 originations.
Loan Sizing (Natchitoches, LA MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$100k-200k | 187 | $27,725,000 | $148,262 |
$200k-400k | 159 | $42,235,000 | $265,629 |
$100,000 or less | 95 | $5,795,000 | $61,000 |
$400k-600k | 18 | $8,490,000 | $471,667 |
$600k-1000k | 7 | $5,075,000 | $725,000 |
$Over $1MM | 3 | $5,095,000 | $1,698,333 |
Natchitoches's loan sizing saw the bucket of loans from $100k-200k with 187 originations, totaling $27,725,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 212 | $43,530,000 | $205,330 |
60-80% | 100 | $21,450,000 | $214,500 |
40-60% | 31 | $7,125,000 | $229,839 |
20-40% | 13 | $1,745,000 | $134,231 |
Over 100% | 9 | $1,615,000 | $179,444 |
Under 20% | 9 | $385,000 | $42,778 |
Natchitoches's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 212 originations, totaling $43,530,000 in origination value.