Ruston USDA Loan Rates, Closing Costs & Stats

Ruston, LA

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets
  • Market Conditions & Pricing
  • Time on Market/Property Size

    • USDA loans are zero-downpayment loans targeted towards lower-income households in rural areas. They can be made directly by the US Department of Agriculture or through a participating lender-- and they typically to borrowers with credit scores over 640. They can have subsidized rates, making them very competitive in terms of cost, but they have more stringent standards on who is eligible as well as specific covenants such as only being available in rural areas and limits on home size.

    Ruston's 6 lenders originated 7 USDA loans during 2023. The total origination value was $1,185,000, with an average USDA loan value of $169,286.

    Ruston USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Ruston averaged 0.02% for the week of 2024-11-15, compared to the national average (all USDA variants) of 0% for the same period.

    Ruston's average USDA mortgage closing costs are $5,591.

    The average rate for the prior week (2024-11-08) was 6.27% and one month ago for the week of 2024-10-11, the average rate was 6.14%.

    The average rate one year ago was 7.26%.

    For refis of the same type during the week of 2024-11-15, the average rate was 0%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    Ruston USDA Loan Lenders by Rates & Fees

    The below table looks at the average fees/closing costs and rates for USDA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Ruston level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Origin Bank 2 6.00% $5,600
    BancorpSouth 1 6.00% $5,501
    Eagle Bank and Trust Company 1 6.50% $4,587
    MOVEMENT MORTGAGE, LLC 1 6.25% $6,832
    PANORAMA MORTGAGE GROUP, LLC 1 4.00% $12,811
    PLAZA HOME MORTGAGE, INC. 1 6.88% $4,228

    The top Ruston USDA lender as defined by loan originations is Origin Bank, with 2 USDA loans originated. Their average total fees are $5,600, which is $100 higher than the next largest lender, BancorpSouth.

    The lowest fee Ruston USDA lenders (with over 10 loans originated) are .

    The lowest rate Ruston USDA lenders (with over 10 loans originated) are .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Ruston (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
    2018-01-01 $256,875 (-6.1%) $272,391 (-6.8%) 0.00 121
    2018-02-01 $258,225 (-5.5%) $266,831 (-7.7%) 0.00 127
    2018-03-01 $255,000 (-5.5%) $267,444 (-6.5%) 0.00 149
    2018-04-01 $254,000 (-6.8%) $261,463 (-8.7%) 0.00 172
    2018-05-01 $260,000 (-0.3%) $274,323 (-2.2%) 0.00 161
    2018-06-01 $271,450 (8.8%) $282,375 (4.7%) 0.00 149
    2018-07-01 $271,400 (6.6%) $287,428 (0.4%) 0.00 152
    2018-08-01 $265,600 (-0.3%) $281,042 (-3.9%) 0.00 150
    2018-09-01 $260,000 (2.0%) $282,719 (-1.5%) 0.00 150
    2018-10-01 $272,000 (6.3%) $285,573 (0.2%) 0.00 161
    2018-11-01 $268,500 (1.7%) $284,466 (-0.7%) 0.00 157
    2018-12-01 $272,250 (6.8%) $294,472 (6.4%) 0.00 153
    2019-01-01 $269,625 (5.0%) $292,388 (7.3%) 0.00 144
    2019-02-01 $276,950 (7.3%) $303,492 (13.7%) 0.00 149
    2019-03-01 $275,000 (7.8%) $301,490 (12.7%) 0.00 164
    2019-04-01 $275,000 (8.3%) $301,784 (15.4%) 0.00 177
    2019-05-01 $271,950 (4.6%) $301,028 (9.7%) 0.00 191
    2019-06-01 $269,000 (-0.9%) $296,615 (5.0%) 0.00 201
    2019-07-01 $260,000 (-4.2%) $290,724 (1.2%) 0.00 194
    2019-08-01 $252,684 (-4.9%) $288,730 (2.7%) 0.00 188
    2019-09-01 $241,710 (-7.0%) $286,617 (1.4%) 0.00 186
    2019-10-01 $233,725 (-14.1%) $283,756 (-0.6%) 0.00 179
    2019-11-01 $231,400 (-13.8%) $283,139 (-0.5%) 0.00 167
    2019-12-01 $223,950 (-17.7%) $271,656 (-7.8%) 0.00 180
    2020-01-01 $229,500 (-14.9%) $278,132 (-4.9%) 0.00 151
    2020-02-01 $233,900 (-15.5%) $280,227 (-7.7%) 0.00 148
    2020-03-01 $245,000 (-10.9%) $284,543 (-5.6%) 0.00 160
    2020-04-01 $231,250 (-15.9%) $279,895 (-7.3%) 0.00 160
    2020-05-01 $240,000 (-11.8%) $273,845 (-9.0%) 0.00 144
    2020-06-01 $230,000 (-14.5%) $276,226 (-6.9%) 0.00 133
    2020-07-01 $251,125 (-3.4%) $282,113 (-3.0%) 0.00 120
    2020-08-01 $241,950 (-4.3%) $276,538 (-4.2%) 0.00 101
    2020-09-01 $225,000 (-6.9%) $271,495 (-5.3%) 0.00 94
    2020-10-01 $189,900 (-18.8%) $251,418 (-11.4%) 0.00 79
    2020-11-01 $188,975 (-18.3%) $244,999 (-13.5%) 0.00 74
    2020-12-01 $189,450 (-15.4%) $219,045 (-19.4%) 0.00 72
    2021-01-01 $192,000 (-16.3%) $224,749 (-19.2%) 0.00 71
    2021-02-01 $200,000 (-14.5%) $228,839 (-18.3%) 0.00 65
    2021-03-01 $242,750 (-0.9%) $252,181 (-11.4%) 0.00 61
    2021-04-01 $241,975 (4.6%) $255,028 (-8.9%) 0.00 51
    2021-05-01 $257,250 (7.2%) $298,975 (9.2%) 0.00 43
    2021-06-01 $306,000 (33.0%) $332,053 (20.2%) 0.00 35
    2021-07-01 $299,000 (19.1%) $344,873 (22.3%) 0.00 41
    2021-08-01 $285,000 (17.8%) $314,951 (13.9%) 0.00 40
    2021-09-01 $264,250 (17.4%) $276,327 (1.8%) 0.00 37
    2021-10-01 $289,000 (52.2%) $300,213 (19.4%) 0.00 31
    2021-11-01 $290,750 (53.9%) $311,427 (27.1%) 0.00 36
    2021-12-01 $295,500 (56.0%) $309,040 (41.1%) 0.00 40
    2022-01-01 $293,750 (53.0%) $293,865 (30.8%) 0.00 34
    2022-02-01 $274,625 (37.3%) $285,983 (25.0%) 0.00 26
    2022-03-01 $288,750 (19.0%) $306,920 (21.7%) 0.00 25
    2022-04-01 $300,000 (24.0%) $328,204 (28.7%) 0.00 27
    2022-05-01 $316,225 (22.9%) $422,054 (41.2%) 0.00 28
    2022-06-01 $305,000 (-0.3%) $413,828 (24.6%) 0.00 30
    2022-07-01 $309,000 (3.3%) $410,319 (19.0%) 0.00 31
    2022-08-01 $282,500 (-0.9%) $397,241 (26.1%) 0.00 43
    2022-09-01 $310,500 (17.5%) $431,933 (56.3%) 0.00 45
    2022-10-01 $317,500 (9.9%) $431,410 (43.7%) 0.00 51
    2022-11-01 $311,000 (7.0%) $433,181 (39.1%) 0.00 60
    2022-12-01 $309,000 (4.6%) $429,854 (39.1%) 0.00 60
    2023-01-01 $308,500 (5.0%) $418,223 (42.3%) 0.00 58
    2023-02-01 $293,750 (7.0%) $398,458 (39.3%) 0.00 54
    2023-03-01 $311,625 (7.9%) $400,868 (30.6%) 0.00 56
    2023-04-01 $314,250 (4.8%) $392,242 (19.5%) 0.00 57
    2023-05-01 $328,250 (3.8%) $415,637 (-1.5%) 0.00 60
    2023-06-01 $324,375 (6.4%) $381,826 (-7.7%) 0.00 69
    2023-07-01 $314,500 (1.8%) $375,829 (-8.4%) 0.00 75
    2023-08-01 $302,500 (7.1%) $367,484 (-7.5%) 0.00 74
    2023-09-01 $288,250 (-7.2%) $344,869 (-20.2%) 0.00 73
    2023-10-01 $278,750 (-12.2%) $335,080 (-22.3%) 0.00 78
    2023-11-01 $280,000 (-10.0%) $343,057 (-20.8%) 0.00 71
    2023-12-01 $272,500 (-11.8%) $341,458 (-20.6%) 0.00 85
    2024-01-01 $284,000 (-7.9%) $354,065 (-15.3%) 0.00 81
    2024-02-01 $268,750 (-8.5%) $346,867 (-13.0%) 0.00 80
    2024-03-01 $268,750 (-13.8%) $348,365 (-13.1%) 0.00 75
    2024-04-01 $258,000 (-17.9%) $336,755 (-14.2%) 0.00 86
    2024-05-01 $260,000 (-20.8%) $330,798 (-20.4%) 0.00 85
    2024-06-01 $257,500 (-20.6%) $286,021 (-25.1%) 0.00 92
    2024-07-01 $257,500 (-18.1%) $315,181 (-16.1%) 0.00 97
    2024-08-01 $257,500 (-14.9%) $324,921 (-11.6%) 0.00 99
    2024-09-01 $274,750 (-4.7%) $344,822 (0.0%) 0.00 95
    2024-10-01 $255,200 (-8.5%) $332,414 (-0.8%) 0.00 97
    Ruston's median listing price for 2024-10-01 was $255,200, a difference of $-23,550 (-8.5%) versus the prior year and $-19,550 versus the prior month.

    Ruston's median listing price comes in at 0% of the national average.

    Ruston's average listing price for 2024-10-01 was $332,414, a difference of $-2,666 (-0.8%) versus the prior year and $-12,408 versus the prior month.

    For the 2024-10-01 period, Ruston had 97 MLS listings, a difference of 2 listings (2%) versus the prior month and 19 listings (24%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Ruston (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 2,030 sqft
    2018-02-01 0 days 2,029 sqft
    2018-03-01 0 days 2,061 sqft
    2018-04-01 0 days 2,060 sqft
    2018-05-01 0 days 2,083 sqft
    2018-06-01 0 days 2,100 sqft
    2018-07-01 0 days 2,123 sqft
    2018-08-01 0 days 2,076 sqft
    2018-09-01 0 days 2,084 sqft
    2018-10-01 0 days 2,076 sqft
    2018-11-01 0 days 2,076 sqft
    2018-12-01 0 days 2,078 sqft
    2019-01-01 0 days 2,054 sqft
    2019-02-01 0 days 2,174 sqft
    2019-03-01 0 days 2,201 sqft
    2019-04-01 0 days 2,212 sqft
    2019-05-01 0 days 2,159 sqft
    2019-06-01 0 days 2,071 sqft
    2019-07-01 0 days 2,045 sqft
    2019-08-01 0 days 2,019 sqft
    2019-09-01 0 days 1,982 sqft
    2019-10-01 0 days 1,933 sqft
    2019-11-01 0 days 1,898 sqft
    2019-12-01 0 days 1,775 sqft
    2020-01-01 0 days 1,812 sqft
    2020-02-01 0 days 1,852 sqft
    2020-03-01 0 days 1,931 sqft
    2020-04-01 0 days 1,932 sqft
    2020-05-01 0 days 1,930 sqft
    2020-06-01 0 days 1,927 sqft
    2020-07-01 0 days 1,952 sqft
    2020-08-01 0 days 2,011 sqft
    2020-09-01 0 days 1,952 sqft
    2020-10-01 0 days 1,752 sqft
    2020-11-01 0 days 1,722 sqft
    2020-12-01 0 days 1,715 sqft
    2021-01-01 0 days 1,704 sqft
    2021-02-01 0 days 1,807 sqft
    2021-03-01 0 days 1,982 sqft
    2021-04-01 0 days 1,863 sqft
    2021-05-01 0 days 1,919 sqft
    2021-06-01 0 days 2,113 sqft
    2021-07-01 0 days 2,314 sqft
    2021-08-01 0 days 2,277 sqft
    2021-09-01 0 days 1,831 sqft
    2021-10-01 0 days 2,025 sqft
    2021-11-01 0 days 2,176 sqft
    2021-12-01 0 days 2,054 sqft
    2022-01-01 0 days 1,900 sqft
    2022-02-01 0 days 1,780 sqft
    2022-03-01 0 days 1,780 sqft
    2022-04-01 0 days 1,868 sqft
    2022-05-01 0 days 2,175 sqft
    2022-06-01 0 days 1,994 sqft
    2022-07-01 0 days 2,092 sqft
    2022-08-01 0 days 2,009 sqft
    2022-09-01 0 days 2,010 sqft
    2022-10-01 0 days 1,974 sqft
    2022-11-01 0 days 1,879 sqft
    2022-12-01 0 days 1,862 sqft
    2023-01-01 0 days 1,928 sqft
    2023-02-01 0 days 1,916 sqft
    2023-03-01 0 days 1,944 sqft
    2023-04-01 0 days 1,939 sqft
    2023-05-01 0 days 2,023 sqft
    2023-06-01 0 days 1,931 sqft
    2023-07-01 0 days 1,931 sqft
    2023-08-01 0 days 1,928 sqft
    2023-09-01 0 days 1,945 sqft
    2023-10-01 0 days 1,942 sqft
    2023-11-01 0 days 1,956 sqft
    2023-12-01 0 days 1,900 sqft
    2024-01-01 0 days 1,931 sqft
    2024-02-01 0 days 1,878 sqft
    2024-03-01 0 days 1,941 sqft
    2024-04-01 0 days 1,931 sqft
    2024-05-01 0 days 1,866 sqft
    2024-06-01 0 days 1,828 sqft
    2024-07-01 0 days 1,812 sqft
    2024-08-01 0 days 1,848 sqft
    2024-09-01 0 days 1,855 sqft
    2024-10-01 0 days 1,843 sqft
    Ruston's median listing age (time on market) for 2024-10-01 was 0 days.

    Ruston's median square footage for active listings during the 2024-10-01 period was 1,843 sqft. One year prior, the average listing was 1,942 sqft.