Fort Polk South Mortgage Rates & Closing Costs

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    • 30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

    30 Year Fixed Rate mortgages in Fort Polk South averaged 6.84% for the week of 2025-04-03, compared to the national average of 6.64% for the same period.

    The average rate for the prior week (2025-03-27) was 6.65% and one month ago for the week of 2025-02-27, the average rate was 6.86%.

    Fort Polk South's average rate one year ago was 6.79%.

    For refis of the same type during the week of 2025-04-03, the average rate was 6.54%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2025-04-03 6.64%
    Fort Polk South 30 Year Fixed Rate 2025-04-03 6.84%
    Fort Polk South 30 Year Fixed Rate Refi 2025-04-03 6.54%
    Fort Polk South 15 Year Fixed Rate 2025-04-03 5.92%
    Fort Polk South 15 Year Fixed Rate Refi 2025-04-03 6.32%
    Fort Polk South 30 Year FHA 2025-04-03 6.46%
    Fort Polk South 30 Year FHA Refi 2025-04-03 6.06%
    Fort Polk South 30 Year USDA 2025-04-03 6.52%
    Fort Polk South 30 Year USDA Refi 2025-04-03 6.12%
    Fort Polk South 30 Year VA 2025-04-03 6.57%
    Fort Polk South 30 Year VA Refi 2025-04-03 6.06%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Fort Polk South, LA.

    Fort Polk South 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 Fort Polk South, 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.).

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    NAVY FEDERAL CREDIT UNION 9 6.97% $4,424
    BARKSDALE 5 6.93% $2,945
    Sabine State Bank and Trust Company 4 7.41% $4,882
    UNION HOME MORTGAGE CORP. 4 6.72% $5,295
    UNITED WHOLESALE MORTGAGE, LLC 4 7.03% $3,801
    21ST MORTGAGE CORPORATION 3 8.58% $6,993
    EUSTIS AND AMERICAN MORTGAGE COMPANY 3 6.96% $3,842
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 3 7.13% $4,085
    GMFS LLC 3 6.62% $4,335
    QUICKEN LOANS, LLC 3 7.42% $4,211
    LOANDEPOT.COM, LLC 2 6.88% $7,522
    JPMorgan Chase Bank 2 7.06% $4,374
    HOMESIDE FINANCIAL, LLC 1 6.25% $4,112
    PLANET HOME LENDING, LLC 1 6.13% $4,939
    ANECA Federal Credit Union 1 6.38% $5,908
    Red River Bank 1 6.50% $3,692
    FREEDOM MORTGAGE CORPORATION 1 6.88% $6,615
    STOCKTON MORTGAGE CORPORATION 1 6.88% $4,378
    The Bank 1 8.50% $1,024
    CHURCHILL MORTGAGE CORPORATION 1 6.63% $7,268
    MORTGAGE FINANCIAL SERVICES, LLC 1 6.99% $3,592

    Fort Polk South Average Closing Costs & Other Stats

    Fort Polk South, LA's 21 lenders originated 587 loans during 2024. The total origination value was $107,425,000, with an average loan value of $183,007.

    Fort Polk South's average closing costs are $5,287.

    The top Fort Polk South lender as defined by loan originations is NAVY FEDERAL CREDIT UNION, with 9 loans originated. Their average total fees are $4,424, which is $1,479 higher than the next largest lender, BARKSDALE.

    The lowest fee Fort Polk South lenders (with over 10 loans originated) are .

    The lowest rate Fort Polk South lenders (with over 10 loans originated) are .

    Fort Polk South, 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 2023 Loan Value 2024 Loan Value % Change 2024 Market Share
    UNITED WHOLESALE MORTGAGE, LLC $6,675,000 $11,520,000 72.6% 10.7%
    FREEDOM MORTGAGE CORPORATION $2,700,000 $8,935,000 230.9% 8.3%
    Mortgage Research Center, LLC $10,105,000 $8,795,000 -13.0% 8.2%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $8,905,000 $8,575,000 -3.7% 8.0%
    Merchants & Farmers Bank & Trust Company $6,925,000 $6,935,000 0.1% 6.5%
    21ST MORTGAGE CORPORATION $2,900,000 $5,110,000 76.2% 4.8%
    EUSTIS AND AMERICAN MORTGAGE COMPANY $4,570,000 $5,060,000 10.7% 4.7%
    NAVY FEDERAL CREDIT UNION $7,135,000 $4,320,000 -39.5% 4.0%
    QUICKEN LOANS, LLC $2,630,000 $3,925,000 49.2% 3.7%
    Sabine State Bank and Trust Company $16,270,000 $3,135,000 -80.7% 2.9%
    BARKSDALE $3,430,000 $3,100,000 -9.6% 2.9%
    USAA Federal Savings Bank $2,605,000 $2,685,000 3.1% 2.5%
    MORTGAGE FINANCIAL SERVICES, LLC $1,325,000 $2,235,000 68.7% 2.1%
    First National Bank in DeRidder $3,555,000 $1,635,000 -54.0% 1.5%
    PENNYMAC LOAN SERVICES, LLC $855,000 $1,355,000 58.5% 1.3%
    GMFS LLC $1,350,000 $1,305,000 -3.3% 1.2%
    VILLAGE CAPITAL MORTGAGE $1,115,000 n/a 1.0%
    Equity Prime Mortgage LLC $1,080,000 n/a 1.0%
    AMERICAN FINANCIAL RESOURCES, INC. $690,000 $1,055,000 52.9% 1.0%
    UNION HOME MORTGAGE CORP. $535,000 $1,025,000 91.6% 1.0%
    Mr. Cooper ( Nationstar Mortgage ) $205,000 $985,000 380.5% 0.9%
    MOVEMENT MORTGAGE, LLC $175,000 $975,000 457.1% 0.9%
    The Evangeline Bank & Trust Company $1,595,000 $970,000 -39.2% 0.9%
    PLANET HOME LENDING, LLC $835,000 n/a 0.8%
    Paramount Residential Mortgage Group, Inc. $165,000 $730,000 342.4% 0.7%
    BROKER SOLUTIONS, INC. $340,000 $725,000 113.2% 0.7%
    GUILD MORTGAGE COMPANY $165,000 $720,000 336.4% 0.7%
    STOCKTON MORTGAGE CORPORATION $1,085,000 $695,000 -35.9% 0.6%
    JPMorgan Chase Bank $265,000 $665,000 150.9% 0.6%
    TRIAD FINANCIAL SERVICES, INC. $465,000 $665,000 43.0% 0.6%
    Carrington Mortgage Services, LLC $270,000 $655,000 142.6% 0.6%
    LOANDEPOT.COM, LLC $585,000 $650,000 11.1% 0.6%
    VANDERBILT MORTGAGE AND FINANCE, INC. $85,000 $625,000 635.3% 0.6%
    NEW DAY FINANCIAL, LLC $1,630,000 $585,000 -64.1% 0.5%
    SUCCESS MORTGAGE PARTNERS, INC. $585,000 n/a 0.5%
    b1BANK $910,000 $555,000 -39.0% 0.5%
    CROSSCOUNTRY MORTGAGE, LLC $270,000 $470,000 74.1% 0.4%
    MORTGAGE SOLUTIONS OF COLORADO, LLC $460,000 n/a 0.4%
    AMERISAVE MORTGAGE CORPORATION $450,000 n/a 0.4%
    Century Mortgage Company DBA Century Lending Company $445,000 n/a 0.4%
    Southern Heritage Bank $415,000 n/a 0.4%
    Brighton Bank $375,000 n/a 0.3%
    SUN WEST MORTGAGE COMPANY, INC. $115,000 $370,000 221.7% 0.3%
    NEWREZ LLC $990,000 $365,000 -63.1% 0.3%
    SFMC, LP $355,000 n/a 0.3%
    ROYAL UNITED MORTGAGE LLC $140,000 $350,000 150.0% 0.3%
    First Federal Bank $335,000 n/a 0.3%
    Red River Bank $345,000 $310,000 -10.1% 0.3%
    Encompass Lending Group, LP $305,000 n/a 0.3%
    MORTGAGE ACCESS CORP. $205,000 $305,000 48.8% 0.3%
    CSL Financial, LLC $280,000 n/a 0.3%
    ANECA Federal Credit Union $275,000 n/a 0.3%
    HOMEBRIDGE FINANCIAL SERVICES, INC. $275,000 n/a 0.3%
    GUARANTEED RATE, INC. $265,000 n/a 0.2%
    Barrington Bank & Trust Company, N.A. $235,000 $235,000 0.0% 0.2%
    CALCON MUTUAL MORTGAGE LLC $215,000 n/a 0.2%
    Lakeview Community Capital, LLC $215,000 n/a 0.2%
    Nations Lending Corporation $215,000 n/a 0.2%
    SOUTHWEST STAGE FUNDING, LLC $65,000 $210,000 223.1% 0.2%
    T2 FINANCIAL LLC $205,000 n/a 0.2%
    HOMESIDE FINANCIAL, LLC $755,000 $190,000 -74.8% 0.2%
    The Bank $180,000 n/a 0.2%
    BOM Bank $45,000 $155,000 244.4% 0.1%
    FIDELITY BANK $135,000 $155,000 14.8% 0.1%
    Flagstar Bank, FSB $155,000 n/a 0.1%
    State Bank & Trust Company $155,000 n/a 0.1%
    CHURCHILL MORTGAGE CORPORATION $145,000 n/a 0.1%
    Fifth Third Bank $135,000 n/a 0.1%
    Magnolia Bank $135,000 n/a 0.1%
    CSE Federal Credit Union $120,000 n/a 0.1%
    COUNTRYPLACE MORTGAGE, LTD. $295,000 $115,000 -61.0% 0.1%
    Lakeside Bank $115,000 n/a 0.1%
    CREDIT HUMAN FEDERAL CREDIT UNION $210,000 $95,000 -54.8% 0.1%
    Assurance Financial Group, L.L.C. $75,000 n/a 0.1%
    SPRING EQ, LLC $55,000 n/a 0.1%
    USAlliance Federal Credit Union $55,000 n/a 0.1%
    Figure Lending LLC $35,000 $50,000 42.9% 0.0%
    Bank of America $55,000 $45,000 -18.2% 0.0%
    Home Loan Investment Bank, F.S.B. $15,000 n/a 0.0%
    Coastal Community Bank $5,000 n/a 0.0%

    Fort Polk South's top lender by overall market share is UNITED WHOLESALE MORTGAGE, LLC, with 10.7% market share. In second place, with 8.3%, is FREEDOM MORTGAGE CORPORATION, having originated $8,935,000 in loans. In third place, with 8.2%, is Mortgage Research Center, LLC, having originated $8,795,000 in loans. In fourth place, with 8.0%, is FAIRWAY INDEPENDENT MORTGAGE CORPORATION, having originated $8,575,000 in loans. In fifth place, with 6.5%, is Merchants & Farmers Bank & Trust Company, having originated $6,935,000 in loans.

    Fort Polk South Housing Market Trends (Median, Average Prices & Listing Count)

    Realtor.com - Fort Polk South (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 $159,900 (6.7%) $185,520 (1.1%) 0.00 188
    2018-02-01 $159,900 (1.5%) $180,925 (-3.7%) 0.00 195
    2018-03-01 $159,900 (0.6%) $182,039 (-4.4%) 0.00 185
    2018-04-01 $159,900 (-1.6%) $186,818 (-3.3%) 0.00 189
    2018-05-01 $157,463 (-1.3%) $178,392 (-5.8%) 0.00 189
    2018-06-01 $154,900 (-3.7%) $175,917 (-9.9%) 0.00 175
    2018-07-01 $146,950 (-7.7%) $172,878 (-7.1%) 0.00 167
    2018-08-01 $144,900 (-9.9%) $176,672 (-2.8%) 0.00 154
    2018-09-01 $144,500 (-11.4%) $178,393 (-3.4%) 0.00 164
    2018-10-01 $146,500 (-8.0%) $184,136 (-0.3%) 0.00 166
    2018-11-01 $152,375 (-7.9%) $185,738 (-0.8%) 0.00 171
    2018-12-01 $149,900 (-6.3%) $191,137 (2.2%) 0.00 177
    2019-01-01 $149,900 (-6.3%) $189,242 (2.0%) 0.00 163
    2019-02-01 $149,900 (-6.3%) $188,885 (4.4%) 0.00 173
    2019-03-01 $147,693 (-7.6%) $189,142 (3.9%) 0.00 172
    2019-04-01 $144,875 (-9.4%) $187,584 (0.4%) 0.00 166
    2019-05-01 $148,450 (-5.7%) $197,279 (10.6%) 0.00 160
    2019-06-01 $149,900 (-3.2%) $191,102 (8.6%) 0.00 163
    2019-07-01 $147,225 (0.2%) $192,785 (11.5%) 0.00 158
    2019-08-01 $150,473 (3.9%) $195,187 (10.5%) 0.00 159
    2019-09-01 $151,332 (4.7%) $199,002 (11.6%) 0.00 157
    2019-10-01 $154,975 (5.8%) $203,841 (10.7%) 0.00 156
    2019-11-01 $169,000 (10.9%) $212,626 (14.5%) 0.00 148
    2019-12-01 $158,975 (6.1%) $197,917 (3.6%) 0.00 143
    2020-01-01 $154,250 (2.9%) $193,641 (2.3%) 0.00 137
    2020-02-01 $168,500 (12.4%) $192,618 (2.0%) 0.00 134
    2020-03-01 $166,450 (12.7%) $198,967 (5.2%) 0.00 124
    2020-04-01 $155,250 (7.2%) $189,577 (1.1%) 0.00 114
    2020-05-01 $159,950 (7.8%) $192,971 (-2.2%) 0.00 110
    2020-06-01 $159,950 (6.7%) $206,928 (8.3%) 0.00 102
    2020-07-01 $158,975 (8.0%) $211,624 (9.8%) 0.00 91
    2020-08-01 $144,450 (-4.0%) $204,211 (4.6%) 0.00 86
    2020-09-01 $155,750 (2.9%) $209,427 (5.2%) 0.00 74
    2020-10-01 $142,450 (-8.1%) $208,693 (2.4%) 0.00 72
    2020-11-01 $141,225 (-16.4%) $206,531 (-2.9%) 0.00 66
    2020-12-01 $144,950 (-8.8%) $929,387 (369.6%) 0.00 69
    2021-01-01 $145,000 (-6.0%) $221,758 (14.5%) 0.00 57
    2021-02-01 $149,975 (-11.0%) $211,291 (9.7%) 0.00 59
    2021-03-01 $149,950 (-9.9%) $205,072 (3.1%) 0.00 56
    2021-04-01 $141,000 (-9.2%) $210,721 (11.2%) 0.00 45
    2021-05-01 $141,500 (-11.5%) $202,451 (4.9%) 0.00 43
    2021-06-01 $157,750 (-1.4%) $215,521 (4.2%) 0.00 48
    2021-07-01 $155,000 (-2.5%) $212,933 (0.6%) 0.00 45
    2021-08-01 $179,150 (24.0%) $221,840 (8.6%) 0.00 49
    2021-09-01 $175,550 (12.7%) $231,163 (10.4%) 0.00 60
    2021-10-01 $135,000 (-5.2%) $187,512 (-10.2%) 0.00 55
    2021-11-01 $173,250 (22.7%) $207,977 (0.7%) 0.00 59
    2021-12-01 $170,500 (17.6%) $211,459 (-77.3%) 0.00 61
    2022-01-01 $165,000 (13.8%) $215,931 (-2.6%) 0.00 52
    2022-02-01 $139,950 (-6.7%) $195,760 (-7.4%) 0.00 52
    2022-03-01 $132,975 (-11.3%) $196,165 (-4.3%) 0.00 63
    2022-04-01 $150,000 (6.4%) $203,018 (-3.7%) 0.00 63
    2022-05-01 $168,000 (18.7%) $212,727 (5.1%) 0.00 61
    2022-06-01 $199,975 (26.8%) $222,660 (3.3%) 0.00 61
    2022-07-01 $200,000 (29.0%) $226,527 (6.4%) 0.00 64
    2022-08-01 $202,875 (13.2%) $222,539 (0.3%) 0.00 62
    2022-09-01 $185,000 (5.4%) $211,195 (-8.6%) 0.00 66
    2022-10-01 $180,000 (33.3%) $212,169 (13.2%) 0.00 60
    2022-11-01 $192,950 (11.4%) $211,250 (1.6%) 0.00 59
    2022-12-01 $177,500 (4.1%) $209,554 (-0.9%) 0.00 67
    2023-01-01 $165,975 (0.6%) $214,995 (-0.4%) 0.00 59
    2023-02-01 $204,450 (46.1%) $216,988 (10.8%) 0.00 70
    2023-03-01 $247,175 (85.9%) $231,811 (18.2%) 0.00 76
    2023-04-01 $249,900 (66.6%) $243,942 (20.2%) 0.00 74
    2023-05-01 $239,450 (42.5%) $228,852 (7.6%) 0.00 76
    2023-06-01 $249,925 (25.0%) $241,478 (8.5%) 0.00 78
    2023-07-01 $249,000 (24.5%) $237,813 (5.0%) 0.00 86
    2023-08-01 $234,700 (15.7%) $232,454 (4.5%) 0.00 114
    2023-09-01 $230,950 (24.8%) $230,813 (9.3%) 0.00 111
    2023-10-01 $233,500 (29.7%) $232,751 (9.7%) 0.00 114
    2023-11-01 $233,500 (21.0%) $235,858 (11.7%) 0.00 117
    2023-12-01 $239,000 (34.7%) $241,153 (15.1%) 0.00 117
    2024-01-01 $222,450 (34.0%) $232,849 (8.3%) 0.00 107
    2024-02-01 $199,850 (-2.3%) $227,303 (4.8%) 0.00 106
    2024-03-01 $195,000 (-21.1%) $216,908 (-6.4%) 0.00 104
    2024-04-01 $197,450 (-21.0%) $218,747 (-10.3%) 0.00 112
    2024-05-01 $206,250 (-13.9%) $222,837 (-2.6%) 0.00 119
    2024-06-01 $219,000 (-12.4%) $236,061 (-2.2%) 0.00 130
    2024-07-01 $225,500 (-9.4%) $240,764 (1.2%) 0.00 135
    2024-08-01 $214,000 (-8.8%) $239,095 (2.9%) 0.00 135
    2024-09-01 $205,250 (-11.1%) $238,474 (3.3%) 0.00 139
    2024-10-01 $200,000 (-14.4%) $235,341 (1.1%) 0.00 138
    2024-11-01 $205,250 (-12.1%) $244,376 (3.6%) 0.00 137
    2024-12-01 $201,750 (-15.6%) $246,787 (2.3%) 0.00 130
    Fort Polk South's median listing price for 2024-12-01 was $201,750, a difference of $-37,250 (-15.6%) versus the prior year and $-3,500 versus the prior month.

    Fort Polk South's median listing price comes in at 0% of the national average.

    Fort Polk South's average listing price for 2024-12-01 was $246,787, a difference of $5,634 (2.3%) versus the prior year and $2,411 versus the prior month.

    For the 2024-12-01 period, Fort Polk South had 130 MLS listings, a difference of -7 listings (-5%) versus the prior month and 13 listings (11%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Fort Polk South (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 2,230 sqft
    2018-02-01 0 days 2,256 sqft
    2018-03-01 0 days 2,206 sqft
    2018-04-01 0 days 2,124 sqft
    2018-05-01 0 days 2,175 sqft
    2018-06-01 0 days 2,200 sqft
    2018-07-01 0 days 2,105 sqft
    2018-08-01 0 days 2,072 sqft
    2018-09-01 0 days 2,100 sqft
    2018-10-01 0 days 2,106 sqft
    2018-11-01 0 days 2,108 sqft
    2018-12-01 0 days 2,100 sqft
    2019-01-01 0 days 2,100 sqft
    2019-02-01 0 days 2,100 sqft
    2019-03-01 0 days 2,092 sqft
    2019-04-01 0 days 2,071 sqft
    2019-05-01 0 days 2,091 sqft
    2019-06-01 0 days 2,087 sqft
    2019-07-01 0 days 2,100 sqft
    2019-08-01 0 days 2,100 sqft
    2019-09-01 0 days 2,100 sqft
    2019-10-01 0 days 2,113 sqft
    2019-11-01 0 days 2,127 sqft
    2019-12-01 0 days 2,116 sqft
    2020-01-01 0 days 2,091 sqft
    2020-02-01 0 days 2,145 sqft
    2020-03-01 0 days 1,989 sqft
    2020-04-01 0 days 1,877 sqft
    2020-05-01 0 days 1,800 sqft
    2020-06-01 0 days 1,801 sqft
    2020-07-01 0 days 1,788 sqft
    2020-08-01 0 days 1,782 sqft
    2020-09-01 0 days 1,802 sqft
    2020-10-01 0 days 1,634 sqft
    2020-11-01 0 days 1,577 sqft
    2020-12-01 0 days 1,559 sqft
    2021-01-01 0 days 1,550 sqft
    2021-02-01 0 days 1,555 sqft
    2021-03-01 0 days 1,681 sqft
    2021-04-01 0 days 1,704 sqft
    2021-05-01 0 days 1,631 sqft
    2021-06-01 0 days 1,778 sqft
    2021-07-01 0 days 1,577 sqft
    2021-08-01 0 days 1,613 sqft
    2021-09-01 0 days 1,693 sqft
    2021-10-01 0 days 1,650 sqft
    2021-11-01 0 days 1,717 sqft
    2021-12-01 0 days 1,658 sqft
    2022-01-01 0 days 1,659 sqft
    2022-02-01 0 days 1,533 sqft
    2022-03-01 0 days 1,568 sqft
    2022-04-01 0 days 1,575 sqft
    2022-05-01 0 days 1,622 sqft
    2022-06-01 0 days 1,700 sqft
    2022-07-01 0 days 1,685 sqft
    2022-08-01 0 days 1,708 sqft
    2022-09-01 0 days 1,775 sqft
    2022-10-01 0 days 1,730 sqft
    2022-11-01 0 days 1,632 sqft
    2022-12-01 0 days 1,625 sqft
    2023-01-01 0 days 1,733 sqft
    2023-02-01 0 days 1,863 sqft
    2023-03-01 0 days 1,936 sqft
    2023-04-01 0 days 2,000 sqft
    2023-05-01 0 days 1,867 sqft
    2023-06-01 0 days 1,939 sqft
    2023-07-01 0 days 1,949 sqft
    2023-08-01 0 days 1,927 sqft
    2023-09-01 0 days 1,910 sqft
    2023-10-01 0 days 1,845 sqft
    2023-11-01 0 days 1,795 sqft
    2023-12-01 0 days 1,811 sqft
    2024-01-01 0 days 1,785 sqft
    2024-02-01 0 days 1,770 sqft
    2024-03-01 0 days 1,719 sqft
    2024-04-01 0 days 1,697 sqft
    2024-05-01 0 days 1,705 sqft
    2024-06-01 0 days 1,659 sqft
    2024-07-01 0 days 1,726 sqft
    2024-08-01 0 days 1,718 sqft
    2024-09-01 0 days 1,726 sqft
    2024-10-01 0 days 1,711 sqft
    2024-11-01 0 days 1,718 sqft
    2024-12-01 0 days 1,719 sqft
    Fort Polk South's median listing age (time on market) for 2024-12-01 was 0 days.

    Fort Polk South's median square footage for active listings during the 2024-12-01 period was 1,719 sqft. One year prior, the average listing was 1,811 sqft.

    Fort Polk South, LA Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 399 $77,365,000 $193,897
    Refi 95 $19,125,000 $201,316
    Cash Out Refi 50 $8,300,000 $166,000
    Home Improvement 23 $1,445,000 $62,826
    Other 20 $1,190,000 $59,500

    Fort Polk South's most frequently cited loan purpose was Home Purchase, with 399 originations. The 2nd most popular reason was Refi, with 95 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    6-7% 238 $52,200,000 $219,328
    Over 8% 100 $11,170,000 $111,700
    7-8% 94 $14,410,000 $153,298
    5-6% 75 $18,195,000 $242,600
    4-5% 3 $855,000 $285,000
    <2.5% 1 $195,000 $195,000
    3-4% 1 $395,000 $395,000

    During 2024, Fort Polk South's most frequently originated rate bucket was 6-7%, with 238 originations.

    Loan Sizing (Fort Polk South, LA MSA)

    Loan Size Originations Total Value Average Loan
    $200k-400k 215 $59,485,000 $276,674
    $100k-200k 211 $31,185,000 $147,796
    $100,000 or less 144 $9,040,000 $62,778
    $400k-600k 17 $7,715,000 $453,824

    Fort Polk South's loan sizing saw the bucket of loans from $200k-400k with 215 originations, totaling $59,485,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 305 $61,555,000 $201,820
    60-80% 58 $9,450,000 $162,931
    Over 100% 54 $15,160,000 $280,741
    20-40% 24 $1,880,000 $78,333
    40-60% 22 $2,100,000 $95,455
    Under 20% 21 $805,000 $38,333

    Fort Polk South's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 305 originations, totaling $61,555,000 in origination value.