Fort Polk South Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Fort Polk South averaged
6.91%
for the week of 2025-06-18, compared to the national average of
6.81% for the same period.
The average rate for the prior week (2025-06-12) was
7.04% and
one month ago for the week of 2025-05-15, the
average rate was 6.91%.
Fort Polk South's average rate one year ago was 6.95%.
For refis of the same type during the week of 2025-06-18, the average rate
was 7.41%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2025-06-18 | 6.81% |
| Fort Polk South 30 Year Fixed Rate | 2025-06-18 | 6.91% |
| Fort Polk South 30 Year Fixed Rate Refi | 2025-06-18 | 7.41% |
| Fort Polk South 15 Year Fixed Rate | 2025-06-18 | 6.16% |
| Fort Polk South 15 Year Fixed Rate Refi | 2025-06-18 | 6.16% |
| Fort Polk South 30 Year FHA | 2025-06-18 | 0.1% |
| Fort Polk South 30 Year FHA Refi | 2025-06-18 | 0% |
| Fort Polk South 30 Year USDA | 2025-06-18 | -0.2% |
| Fort Polk South 30 Year USDA Refi | 2025-06-18 | 0.1% |
| Fort Polk South 30 Year VA | 2025-06-18 | 0.21% |
| Fort Polk South 30 Year VA Refi | 2025-06-18 | 0.2% |
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, 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.