Top Mortgage Lenders in Lake Charles, LA

Which mortgage lender in the Lake Charles, LA area typically has the best rates? To help you narrow down where to shop for a mortgage, provides an objective and data driven ranking of mortgage lenders operating in the Lake Charles, LA area by interest rate and market share. We maintain our independence by not accepting any compensation from the mortgage lenders we rank, and use data on all fixed rate mortgages that were closed in the past year to generate our rankings.

Going by historical data, the best mortgage lender in the Lake Charles, LA area in terms of interest rate is CSE Federal Credit Union, with an average “Rate Difference” of -0.23%. This means that, comparing similar borrowers, CSE Federal Credit Union provided a -0.23% lower interest rate for its customers than other lenders in the area. CSE Federal Credit Union has a market share of 3.8%. On the other hand, the most popular lender in the Lake Charles, LA area is Quicken Loans, with a larger market share of 12.1%. However, Quicken Loans also tends to be an expensive lender in the area, with an average “Rate Difference” of +0.10% compared to those of other lenders. We recommend shopping around before going with this popular lender.

Our detailed ranking of mortgage lenders in the Lake Charles, LA area is shown in the table below. In the table, we also give our assessment of whether they are, on average, a cheap/expensive lender through a star rating system. You can choose to tailor our ranking table to a specific mortgage type (Conventional/Jumbo/FHA/VA) and purpose (purchase/refinance) through the drop-down menu. For example, going by historical data, the cheapest lender for Conventional mortgages in Lake Charles, LA is CSE Federal Credit Union. If you want to take out a loan that is above conforming limits (above $548,250 or $822,375 depending on the area in 2021), the cheapest Jumbo mortgage provider is JPMorgan Chase Bank. If on the other hand, you want lower down payment or credit score requirements, the cheapest FHA mortgage provider is Home Point Financial Corporation. The cheapest VA mortgage provider is Navy Federal Credit Union. Note that as a consumer advocate we always recommend shopping among several of our top ranked lenders in order to get the best rates and fees.

Ranking of Mortgage Lenders in Lake Charles, LA

Mortgage Type:
Lender NameRate DifferenceRate RatingMarket Share
CSE Federal Credit Union-0.23%(4.5)3.81%
Navy Federal Credit Union-0.12%(4.0)1.82%
Home Point Financial Corporation-0.09%(4.0)5.76%
DHI Mortgage Company Limited-0.08%(4.0)3.88%
GMFS Mortgage-0.07%(4.0)5.76%
Barksdale Federal Credit Union-0.07%(4.0)1.78%
Freedom Mortgage Corporation-0.06%(4.0)5.42%
PennyMac Loan Services-0.04%(3.5)2.37%
DSLD Mortgage-0.03%(3.5)1.99%
JPMorgan Chase Bank-0.02%(3.5)4.97%
Fairway Independent Mortgage Corporation-0.02%(3.5)2.57%
Premier Nationwide Lending-0.01%(3.5)6.14%
Chickasaw Community Bank0.01%(3.5)1.23%
Crescent Mortgage Company0.02%(3.5)5.73%
Caliber Home Loans0.02%(3.5)6.38%
Assurance Financial0.04%(3.5)1.68%
Wells Fargo Bank0.05%(3.5)1.30%
Stearns Home Loans0.06%(3.0)1.27%
DAS Acquisition Company0.07%(3.0)1.10%
Fidelity Bank LA0.07%(3.0)5.56%
Quicken Loans0.10%(3.0)12.14%
Southwest Louisiana Credit Union0.10%(3.0)2.20%
Goldwater Bank0.11%(3.0)1.41%
Sabine State Bank and Trust Company0.13%(3.0)2.13%
Nations Lending Corporation0.14%(3.0)2.71%
Lender NameRate DifferenceRate RatingMarket Share
Navy Federal Credit Union-0.13%(4.0)2.50%
Home Point Financial Corporation-0.12%(4.0)6.83%
JPMorgan Chase Bank-0.08%(4.0)3.60%
DHI Mortgage Company Limited-0.08%(4.0)5.89%
Freedom Mortgage Corporation-0.07%(4.0)7.09%
GMFS Mortgage-0.06%(4.0)6.57%
CSE Federal Credit Union-0.06%(4.0)1.51%
PennyMac Loan Services-0.05%(3.5)1.56%
Fairway Independent Mortgage Corporation-0.02%(3.5)3.44%
DSLD Mortgage-0.02%(3.5)3.02%
Barksdale Federal Credit Union-0.00%(3.5)1.15%
Premier Nationwide Lending0.00%(3.5)7.61%
Chickasaw Community Bank0.00%(3.5)1.46%
Caliber Home Loans0.03%(3.5)7.87%
Crescent Mortgage Company0.06%(3.0)5.74%
Wells Fargo Bank0.06%(3.0)1.25%
Stearns Home Loans0.06%(3.0)1.72%
Quicken Loans0.07%(3.0)6.00%
Fidelity Bank LA0.08%(3.0)7.66%
Southwest Louisiana Credit Union0.08%(3.0)0.52%
DAS Acquisition Company0.09%(3.0)1.20%
Assurance Financial0.10%(3.0)1.46%
Sabine State Bank and Trust Company0.12%(3.0)1.72%
Goldwater Bank0.14%(3.0)1.88%
Nations Lending Corporation0.18%(2.5)3.08%
Lender NameRate DifferenceRate RatingMarket Share
CSE Federal Credit Union-0.31%(5.0)8.22%
Barksdale Federal Credit Union-0.12%(4.0)3.01%
GMFS Mortgage-0.09%(4.0)4.21%
Crescent Mortgage Company-0.05%(4.0)5.72%
PennyMac Loan Services-0.04%(3.5)3.91%
Premier Nationwide Lending-0.04%(3.5)3.31%
Assurance Financial-0.04%(3.5)2.11%
Fidelity Bank LA-0.02%(3.5)1.50%
Navy Federal Credit Union-0.01%(3.5)0.50%
Home Point Financial Corporation-0.00%(3.5)3.71%
Goldwater Bank0.00%(3.5)0.50%
DAS Acquisition Company0.00%(3.5)0.90%
Caliber Home Loans0.01%(3.5)3.51%
Fairway Independent Mortgage Corporation0.02%(3.5)0.90%
JPMorgan Chase Bank0.03%(3.5)7.62%
Wells Fargo Bank0.03%(3.5)1.40%
Chickasaw Community Bank0.03%(3.5)0.80%
Stearns Home Loans0.04%(3.5)0.40%
Nations Lending Corporation0.05%(3.0)2.01%
Freedom Mortgage Corporation0.06%(3.0)2.21%
Southwest Louisiana Credit Union0.10%(3.0)5.42%
Quicken Loans0.11%(3.0)23.97%
Sabine State Bank and Trust Company0.13%(3.0)2.91%
Lender NameRate DifferenceRate RatingMarket Share
CSE Federal Credit Union-0.25%(4.5)6.42%
DHI Mortgage Company Limited-0.09%(4.0)2.82%
Barksdale Federal Credit Union-0.09%(4.0)2.52%
GMFS Mortgage-0.06%(4.0)5.76%
Premier Nationwide Lending-0.06%(4.0)5.94%
JPMorgan Chase Bank-0.03%(3.5)8.34%
PennyMac Loan Services-0.02%(3.5)1.80%
Fidelity Bank LA-0.02%(3.5)4.44%
Home Point Financial Corporation-0.01%(3.5)5.04%
Fairway Independent Mortgage Corporation-0.00%(3.5)1.44%
Navy Federal Credit Union-0.00%(3.5)1.02%
DSLD Mortgage0.01%(3.5)2.22%
Crescent Mortgage Company0.02%(3.5)8.76%
Chickasaw Community Bank0.02%(3.5)0.24%
Assurance Financial0.02%(3.5)2.04%
DAS Acquisition Company0.03%(3.5)1.02%
Nations Lending Corporation0.04%(3.5)0.84%
Caliber Home Loans0.04%(3.5)3.72%
Stearns Home Loans0.04%(3.5)0.48%
Wells Fargo Bank0.05%(3.0)2.04%
Freedom Mortgage Corporation0.06%(3.0)1.74%
Goldwater Bank0.06%(3.0)1.08%
Southwest Louisiana Credit Union0.10%(3.0)3.78%
Quicken Loans0.12%(3.0)14.77%
Sabine State Bank and Trust Company0.15%(2.5)3.06%
Lender NameRate DifferenceRate RatingMarket Share
JPMorgan Chase Bank-0.09%(4.0)7.09%
DHI Mortgage Company Limited-0.09%(4.0)5.05%
CSE Federal Credit Union-0.07%(4.0)2.90%
Premier Nationwide Lending-0.05%(4.0)7.73%
GMFS Mortgage-0.03%(3.5)7.09%
PennyMac Loan Services-0.03%(3.5)1.50%
Home Point Financial Corporation-0.02%(3.5)6.55%
Barksdale Federal Credit Union-0.02%(3.5)1.61%
Fidelity Bank LA-0.02%(3.5)6.66%
Fairway Independent Mortgage Corporation-0.01%(3.5)1.93%
Navy Federal Credit Union0.01%(3.5)1.50%
DSLD Mortgage0.01%(3.5)3.97%
Chickasaw Community Bank0.03%(3.5)0.43%
Nations Lending Corporation0.03%(3.5)1.07%
Caliber Home Loans0.04%(3.5)5.05%
Stearns Home Loans0.04%(3.5)0.43%
DAS Acquisition Company0.05%(3.5)1.07%
Quicken Loans0.06%(3.0)8.38%
Wells Fargo Bank0.07%(3.0)2.15%
Crescent Mortgage Company0.07%(3.0)10.10%
Freedom Mortgage Corporation0.07%(3.0)2.47%
Southwest Louisiana Credit Union0.08%(3.0)1.07%
Goldwater Bank0.08%(3.0)1.61%
Assurance Financial0.09%(3.0)1.72%
Sabine State Bank and Trust Company0.16%(2.5)2.69%
Lender NameRate DifferenceRate RatingMarket Share
CSE Federal Credit Union-0.31%(5.0)10.88%
Barksdale Federal Credit Union-0.13%(4.0)3.67%
GMFS Mortgage-0.11%(4.0)4.08%
Crescent Mortgage Company-0.06%(4.0)7.07%
Premier Nationwide Lending-0.05%(4.0)3.67%
Assurance Financial-0.05%(3.5)2.45%
Fidelity Bank LA-0.03%(3.5)1.63%
PennyMac Loan Services-0.02%(3.5)2.18%
Navy Federal Credit Union-0.01%(3.5)0.41%
Goldwater Bank-0.01%(3.5)0.41%
DAS Acquisition Company0.00%(3.5)0.95%
Home Point Financial Corporation0.01%(3.5)3.13%
Freedom Mortgage Corporation0.02%(3.5)0.82%
JPMorgan Chase Bank0.03%(3.5)9.93%
Wells Fargo Bank0.03%(3.5)1.90%
Fairway Independent Mortgage Corporation0.03%(3.5)0.82%
Stearns Home Loans0.04%(3.5)0.54%
Caliber Home Loans0.05%(3.0)2.04%
Nations Lending Corporation0.07%(3.0)0.54%
Southwest Louisiana Credit Union0.10%(3.0)7.21%
Sabine State Bank and Trust Company0.15%(3.0)3.54%
Quicken Loans0.15%(2.5)22.86%
Lender NameRate DifferenceRate RatingMarket Share
Home Point Financial Corporation-0.20%(4.5)8.62%
DSLD Mortgage-0.15%(4.0)1.32%
DHI Mortgage Company Limited-0.10%(4.0)6.23%
GMFS Mortgage-0.10%(4.0)7.19%
Freedom Mortgage Corporation-0.10%(4.0)9.82%
PennyMac Loan Services-0.07%(4.0)2.16%
Fairway Independent Mortgage Corporation-0.06%(4.0)3.59%
Crescent Mortgage Company-0.03%(3.5)0.60%
Sabine State Bank and Trust Company-0.00%(3.5)1.08%
Navy Federal Credit Union-0.00%(3.5)0.24%
Barksdale Federal Credit Union0.01%(3.5)0.36%
Chickasaw Community Bank0.01%(3.5)3.35%
CSE Federal Credit Union0.01%(3.5)0.12%
Caliber Home Loans0.02%(3.5)12.57%
JPMorgan Chase Bank0.02%(3.5)0.24%
Southwest Louisiana Credit Union0.03%(3.5)0.12%
Quicken Loans0.04%(3.5)8.86%
Premier Nationwide Lending0.04%(3.5)7.31%
Stearns Home Loans0.05%(3.5)2.28%
Wells Fargo Bank0.05%(3.0)0.12%
Assurance Financial0.10%(3.0)1.44%
DAS Acquisition Company0.12%(3.0)1.68%
Goldwater Bank0.16%(2.5)2.63%
Fidelity Bank LA0.17%(2.5)7.19%
Nations Lending Corporation0.19%(2.5)6.59%
Lender NameRate DifferenceRate RatingMarket Share
Home Point Financial Corporation-0.23%(4.5)8.84%
DSLD Mortgage-0.14%(4.0)1.57%
GMFS Mortgage-0.11%(4.0)7.56%
PennyMac Loan Services-0.11%(4.0)1.57%
Freedom Mortgage Corporation-0.10%(4.0)11.13%
DHI Mortgage Company Limited-0.10%(4.0)7.42%
Fairway Independent Mortgage Corporation-0.06%(4.0)4.28%
Crescent Mortgage Company-0.03%(3.5)0.71%
Sabine State Bank and Trust Company-0.01%(3.5)0.86%
Chickasaw Community Bank-0.00%(3.5)3.14%
Navy Federal Credit Union0.00%(3.5)0.29%
Barksdale Federal Credit Union0.00%(3.5)0.29%
CSE Federal Credit Union0.01%(3.5)0.14%
Caliber Home Loans0.02%(3.5)13.55%
JPMorgan Chase Bank0.03%(3.5)0.29%
Premier Nationwide Lending0.05%(3.5)8.42%
Stearns Home Loans0.05%(3.0)2.71%
Wells Fargo Bank0.06%(3.0)0.14%
Assurance Financial0.12%(3.0)1.28%
Quicken Loans0.13%(3.0)3.57%
DAS Acquisition Company0.14%(3.0)1.71%
Goldwater Bank0.17%(2.5)3.00%
Fidelity Bank LA0.18%(2.5)8.42%
Nations Lending Corporation0.23%(2.5)5.85%
Lender NameRate DifferenceRate RatingMarket Share
Quicken Loans-0.03%(3.5)36.57%
PennyMac Loan Services-0.02%(3.5)5.22%
Caliber Home Loans-0.02%(3.5)7.46%
Home Point Financial Corporation-0.01%(3.5)7.46%
GMFS Mortgage-0.01%(3.5)5.22%
Sabine State Bank and Trust Company-0.00%(3.5)2.24%
Barksdale Federal Credit Union-0.00%(3.5)0.75%
DAS Acquisition Company0.01%(3.5)1.49%
Southwest Louisiana Credit Union0.01%(3.5)0.75%
Fidelity Bank LA0.01%(3.5)0.75%
Premier Nationwide Lending0.02%(3.5)1.49%
Chickasaw Community Bank0.03%(3.5)4.48%
Assurance Financial0.03%(3.5)2.24%
Goldwater Bank0.04%(3.5)0.75%
Freedom Mortgage Corporation0.04%(3.5)2.99%
Nations Lending Corporation0.06%(3.0)10.45%
Lender NameRate DifferenceRate RatingMarket Share
JPMorgan Chase Bank-0.01%(3.5)18.75%
CSE Federal Credit Union-0.01%(3.5)18.75%
Barksdale Federal Credit Union0.00%(3.5)6.25%
Crescent Mortgage Company0.00%(3.5)37.50%
Fidelity Bank LA0.00%(3.5)6.25%
Lender NameRate DifferenceRate RatingMarket Share
CSE Federal Credit Union-0.00%(3.5)25.00%
Crescent Mortgage Company-0.00%(3.5)50.00%
Fidelity Bank LA0.00%(3.5)25.00%
Lender NameRate DifferenceRate RatingMarket Share
CSE Federal Credit Union-0.02%(3.5)16.67%
JPMorgan Chase Bank-0.01%(3.5)25.00%
Barksdale Federal Credit Union0.00%(3.5)8.33%
Crescent Mortgage Company0.00%(3.5)33.33%
Lender NameRate DifferenceRate RatingMarket Share
Navy Federal Credit Union-0.19%(4.5)8.54%
Freedom Mortgage Corporation-0.04%(3.5)11.81%
PennyMac Loan Services-0.04%(3.5)5.28%
GMFS Mortgage-0.02%(3.5)3.02%
Wells Fargo Bank-0.02%(3.5)0.75%
Crescent Mortgage Company-0.02%(3.5)2.51%
DSLD Mortgage-0.01%(3.5)2.51%
Caliber Home Loans-0.01%(3.5)4.77%
Home Point Financial Corporation0.01%(3.5)3.02%
JPMorgan Chase Bank0.01%(3.5)0.25%
Barksdale Federal Credit Union0.02%(3.5)1.51%
Sabine State Bank and Trust Company0.02%(3.5)0.50%
DHI Mortgage Company Limited0.02%(3.5)3.52%
Fairway Independent Mortgage Corporation0.03%(3.5)5.28%
Chickasaw Community Bank0.03%(3.5)1.01%
Goldwater Bank0.03%(3.5)0.25%
DAS Acquisition Company0.05%(3.0)0.25%
Assurance Financial0.05%(3.0)0.75%
Premier Nationwide Lending0.06%(3.0)4.77%
Nations Lending Corporation0.08%(3.0)2.51%
Quicken Loans0.09%(3.0)8.54%
Fidelity Bank LA0.09%(3.0)6.78%
Stearns Home Loans0.09%(3.0)2.51%
Lender NameRate DifferenceRate RatingMarket Share
Navy Federal Credit Union-0.19%(4.5)11.35%
Freedom Mortgage Corporation-0.08%(4.0)12.41%
Crescent Mortgage Company-0.01%(3.5)3.19%
Wells Fargo Bank-0.01%(3.5)1.06%
DSLD Mortgage-0.00%(3.5)3.55%
Caliber Home Loans0.01%(3.5)3.19%
GMFS Mortgage0.01%(3.5)2.48%
PennyMac Loan Services0.02%(3.5)1.77%
JPMorgan Chase Bank0.02%(3.5)0.35%
Chickasaw Community Bank0.03%(3.5)0.71%
Sabine State Bank and Trust Company0.03%(3.5)0.71%
Barksdale Federal Credit Union0.03%(3.5)1.77%
Home Point Financial Corporation0.03%(3.5)2.84%
DHI Mortgage Company Limited0.03%(3.5)4.96%
Fairway Independent Mortgage Corporation0.04%(3.5)6.38%
DAS Acquisition Company0.06%(3.0)0.35%
Assurance Financial0.06%(3.0)1.06%
Quicken Loans0.07%(3.0)4.26%
Premier Nationwide Lending0.07%(3.0)5.32%
Stearns Home Loans0.10%(3.0)3.55%
Fidelity Bank LA0.11%(3.0)8.87%
Nations Lending Corporation0.11%(3.0)2.84%
Lender NameRate DifferenceRate RatingMarket Share
PennyMac Loan Services-0.08%(4.0)13.79%
GMFS Mortgage-0.07%(4.0)4.31%
Caliber Home Loans-0.05%(3.5)8.62%
Home Point Financial Corporation-0.03%(3.5)3.45%
Fidelity Bank LA-0.02%(3.5)1.72%
Navy Federal Credit Union-0.02%(3.5)1.72%
Barksdale Federal Credit Union-0.02%(3.5)0.86%
Fairway Independent Mortgage Corporation-0.00%(3.5)2.59%
Nations Lending Corporation-0.00%(3.5)1.72%
Goldwater Bank0.01%(3.5)0.86%
Crescent Mortgage Company0.01%(3.5)0.86%
Chickasaw Community Bank0.03%(3.5)1.72%
Premier Nationwide Lending0.03%(3.5)3.45%
Freedom Mortgage Corporation0.07%(3.0)10.34%
Quicken Loans0.08%(3.0)18.97%

* Data is compiled for the Lake Charles, LA commuting zone area, which comprises of counties of Allen Parish, LA, Beauregard Parish, LA, Calcasieu Parish, LA, Cameron Parish, LA, Jefferson Davis Parish, LA, and Vernon Parish, LA. This includes cities/towns/communities of Lake Charles, LA as well as Prien, LA, Sulphur, LA, Moss Bluff, LA, Gillis, LA, DeRidder, LA, Hayes, LA, Oretta, LA, Westlake, LA, Leesville, LA, DeRidder, LA, Oberlin, LA, Carlyss, LA, Lacassine, LA, Iowa, LA, Jennings, LA, DeQuincy, LA, Sugartown, LA, Anacoco, LA, Vinton, LA, Lake Arthur, LA, Simpson, LA, Fenton, LA, Roanoke, LA, Pitkin, LA, Elizabeth, LA, Merryville, LA, Oakdale, LA, Cameron, LA, Fort Polk North, LA, and Fort Polk South, LA. Lenders must have made at least 30 loans in the area to be included. Source of the data is Federal Financial Institutions Examination Council (FFIEC). Rate Difference (the average difference of interest rates relative to those of other lenders) were computed by subtracting the rate at origination from the average predicted rate conditional on the commuting zone, borrower LTV, DTI, Loan Amount, Loan Type, and Loan Purpose, and then regularized based on a Bayesian approach to account for smaller sample sizes. Above-average mortgage closing costs were then added to the rate difference at a rate of +0.15/point. Star ratings were determined in intervals of 0.10% in rate difference per half star.

Mortgage Lender Rankings in Other Cities

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