Is Mortgage Financial Services Baton Rouge a cheap or expensive mortgage lender? To help you shop for a mortgage, we compare the interest rates and closing costs charged by Mortgage Financial Services Baton Rouge to those of other lenders for a comparable set of borrowers. Here is our review of Mortgage Financial Services Baton Rouge nationally:
| Review Item | Mortgage Financial Services Baton Rouge |
|---|---|
| Interest Rate | similar to other lenders (+0.03%) |
| Loan Related Closing Costs | higher than other lenders (+$312) |
| National Rate and Closing Cost Star Rating | (3) |
On average, Mortgage Financial Services Baton Rouge’s interest rates were similar to those of other lenders (+0.03%). On the other hand, its loan related closing costs were higher than those of other lenders, with a difference of +$312. We maintain our independence by not accepting any money from the mortgage lenders we review. To visit Mortgage Financial Services Baton Rouge, check out its website at: https://mortgagefinancial.com.
Mortgage Financial Services Baton Rouge’s Rate Review by City
Mortgage lenders often set different rates in different geographical markets. For our list of the top mortgage lenders by city, click here. In particular, among the cities we track Mortgage Financial Services Baton Rouge was most active in:
In addition, Mortgage Financial Services Baton Rouge is our top ranked/best mortgage lender in terms of interest rate and closing costs in:
- San Angelo, TX, for FHA mortgages
- Sulphur Springs, TX, for VA mortgages
Mortgage Financial Services Baton Rouge’s Rate Review by Mortgage Type
Mortgage lenders also tend to charge different interest rates and closing costs depending on the type of mortgage. In our data, Mortgage Financial Services Baton Rouge originated Conforming, FHA, Jumbo, USDA and VA mortgages for new home purchases. It also originated Conforming, FHA, Jumbo and VA mortgages for refinances. Its average interest rate and total loan related closing cost difference relative to other lenders for comparable borrowers by mortgages type is as follows.
| New Purchase Mortgages | Conforming | FHA | Jumbo | USDA | VA |
|---|---|---|---|---|---|
| Interest Rate Difference | +0.05% | +0.00% | -0.01% | +0.03% | +0.02% |
| Loan Related Closing Cost Difference | +$383 | +$331 | +$77 | +$118 | +$321 |
| Cost Adjusted Rate Difference | +0.08% | +0.03% | -0.01% | +0.04% | +0.05% |
| National Star Rating |
| Refinance Mortgages | Conforming | FHA | Jumbo | VA |
|---|---|---|---|---|
| Interest Rate Difference | +0.03% | +0.06% | +0.01% | +0.02% |
| Loan Related Closing Cost Difference | +$351 | -$372 | +$98 | -$153 |
| Cost Adjusted Rate Difference | +0.05% | +0.03% | +0.01% | +0.01% |
| Average Star Rating |
As a summary, Mortgage Financial Services Baton Rouge is similar to other lenders for FHA, Jumbo, USDA and VA purchase mortgages. It is more expensive than other lenders for Conforming purchase mortgages. For refinancing mortgages, Mortgage Financial Services Baton Rouge is similar to other lenders for FHA, Jumbo and VA mortgage refinance. It is more expensive than other lenders for Conforming mortgage refinance. Nevertheless, individual circumstances can matter a lot for mortgage rates, and we always recommend shopping among several of our top mortgage lenders in your area before signing.
Other information about Mortgage Financial Services Baton Rouge:
Registered city and state: BATON ROUGE, LA, 70816
Regulator: United States Department of Housing and Urban Development (HUD)
* Source of the data is Federal Financial Institutions Examination Council (FFIEC) and is for mortgages originated in the past year. Our comparable mortgages analysis controls for Mortgage Financial Services Baton Rouge’s distribution of loan term (e.g. 30 year vs 15 year), loan-to-value (LTV), debt-to-income (DTI), loan amount, loan program (e.g. Conforming/FHA), loan purpose (e.g. purchase/refinance), and commuting zone. Cost adjusted rates were computed based on each percent of the loan amount in above average loan related closing costs being worth +0.15 of a percentage point in interest rate. Furthermore, the amounts are regularized using a Bayesian approach to control for small samples.