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 6.98% for the week of 2024-11-14, compared to the national average of 6.78% for the same period.

    The average rate for the prior week (2024-11-07) was 6.99% and one month ago for the week of 2024-10-10, the average rate was 6.12%.

    Fort Polk South's average rate one year ago was 7.7%.

    For refis of the same type during the week of 2024-11-14, the average rate was 7.18%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2024-11-14 6.78%
    Fort Polk South 30 Year Fixed Rate 2024-11-14 6.98%
    Fort Polk South 30 Year Fixed Rate Refi 2024-11-14 7.18%
    Fort Polk South 15 Year Fixed Rate 2024-11-14 6.19%
    Fort Polk South 15 Year Fixed Rate Refi 2024-11-14 6.19%
    Fort Polk South 30 Year FHA 2024-11-14 0%
    Fort Polk South 30 Year FHA Refi 2024-11-14 0%
    Fort Polk South 30 Year USDA 2024-11-14 0.1%
    Fort Polk South 30 Year USDA Refi 2024-11-14 0.2%
    Fort Polk South 30 Year VA 2024-11-14 -0.12%
    Fort Polk South 30 Year VA Refi 2024-11-14 0.2%
    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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Sabine State Bank and Trust Company 9 7.35% $3,715
    BARKSDALE 9 6.04% $4,404
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 7 7.10% $5,616
    MORTGAGE FINANCIAL SERVICES, LLC 4 7.19% $5,260
    UNITED WHOLESALE MORTGAGE, LLC 4 7.12% $4,679
    QUICKEN LOANS, LLC 4 6.81% $6,264
    NAVY FEDERAL CREDIT UNION 2 7.31% $4,299
    CRESCENT MORTGAGE COMPANY 2 6.63% $6,590
    EUSTIS AND AMERICAN MORTGAGE COMPANY 2 6.75% $3,600
    ROYAL UNITED MORTGAGE LLC 1 7.63% $8,786
    The Evangeline Bank & Trust Company 1 8.75% $3,369
    THE MORTGAGE FIRM, INC. 1 7.50% $4,745
    UNION HOME MORTGAGE CORP. 1 6.63% $5,834
    USAA Federal Savings Bank 1 7.13% $3,590
    BROKER SOLUTIONS, INC. 1 7.63% $9,035
    DELMAR FINANCIAL COMPANY 1 6.38% $4,141
    GMFS LLC 1 6.63% $11,086
    HOMESIDE FINANCIAL, LLC 1 6.88% $4,587
    MORTGAGE ACCESS CORP. 1 7.63% $5,396
    NEWREZ LLC 1 6.99% $8,490
    PENNYMAC LOAN SERVICES, LLC 1 6.13% $7,381
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 6.38% $13,734

    Fort Polk South Average Closing Costs & Other Stats

    Fort Polk South, LA's 22 lenders originated 569 loans during 2023. The total origination value was $106,585,000, with an average loan value of $187,320.

    Fort Polk South's average closing costs are $5,088.

    The top Fort Polk South lender as defined by loan originations is Sabine State Bank and Trust Company, with 9 loans originated. Their average total fees are $3,715, which is $689 lower 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 2022 Loan Value 2023 Loan Value % Change 2023 Market Share
    Sabine State Bank and Trust Company $5,945,000 $16,270,000 173.7% 15.3%
    Mortgage Research Center, LLC $12,460,000 $10,105,000 -18.9% 9.5%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $10,415,000 $8,905,000 -14.5% 8.4%
    NAVY FEDERAL CREDIT UNION $6,005,000 $7,135,000 18.8% 6.7%
    Merchants & Farmers Bank & Trust Company $10,000,000 $6,925,000 -30.8% 6.5%
    UNITED WHOLESALE MORTGAGE, LLC $9,465,000 $6,675,000 -29.5% 6.3%
    EUSTIS AND AMERICAN MORTGAGE COMPANY $13,060,000 $4,570,000 -65.0% 4.3%
    First National Bank in DeRidder $6,965,000 $3,555,000 -49.0% 3.3%
    BARKSDALE $5,310,000 $3,430,000 -35.4% 3.2%
    21ST MORTGAGE CORPORATION $2,405,000 $2,900,000 20.6% 2.7%
    FREEDOM MORTGAGE CORPORATION $5,075,000 $2,700,000 -46.8% 2.5%
    QUICKEN LOANS, LLC $4,850,000 $2,630,000 -45.8% 2.5%
    USAA Federal Savings Bank $4,215,000 $2,605,000 -38.2% 2.4%
    NEW DAY FINANCIAL, LLC $1,150,000 $1,630,000 41.7% 1.5%
    The Evangeline Bank & Trust Company $2,925,000 $1,595,000 -45.5% 1.5%
    GMFS LLC $1,040,000 $1,350,000 29.8% 1.3%
    MORTGAGE FINANCIAL SERVICES, LLC $995,000 $1,325,000 33.2% 1.2%
    STOCKTON MORTGAGE CORPORATION $1,085,000 n/a 1.0%
    NEWREZ LLC $155,000 $990,000 538.7% 0.9%
    b1BANK $1,520,000 $910,000 -40.1% 0.9%
    PENNYMAC LOAN SERVICES, LLC $2,365,000 $855,000 -63.8% 0.8%
    HOMESIDE FINANCIAL, LLC $755,000 n/a 0.7%
    AMERICAN FINANCIAL RESOURCES, INC. $575,000 $690,000 20.0% 0.6%
    First Federal Bank of Louisiana $215,000 $650,000 202.3% 0.6%
    CRESCENT MORTGAGE COMPANY $930,000 $640,000 -31.2% 0.6%
    LOANDEPOT.COM, LLC $1,700,000 $585,000 -65.6% 0.5%
    UNION HOME MORTGAGE CORP. $500,000 $535,000 7.0% 0.5%
    MUTUAL OF OMAHA MORTGAGE, INC. $135,000 $465,000 244.4% 0.4%
    TRIAD FINANCIAL SERVICES, INC. $1,955,000 $465,000 -76.2% 0.4%
    Red River Bank $655,000 $345,000 -47.3% 0.3%
    BROKER SOLUTIONS, INC. $340,000 n/a 0.3%
    COUNTRYPLACE MORTGAGE, LTD. $65,000 $295,000 353.8% 0.3%
    UNITED BUILT HOMES, L.L.C. $275,000 $275,000 0.0% 0.3%
    Carrington Mortgage Services, LLC $115,000 $270,000 134.8% 0.3%
    CROSSCOUNTRY MORTGAGE, LLC $270,000 n/a 0.3%
    JPMorgan Chase Bank $270,000 $265,000 -1.9% 0.2%
    NBKC BANK $265,000 n/a 0.2%
    BNC National Bank $245,000 n/a 0.2%
    Barrington Bank & Trust Company, N.A. $205,000 $235,000 14.6% 0.2%
    PRIMARY RESIDENTIAL MORTGAGE, INC. $225,000 n/a 0.2%
    CREDIT HUMAN FEDERAL CREDIT UNION $210,000 n/a 0.2%
    Plains Commerce Bank $210,000 n/a 0.2%
    First Guaranty Bank $205,000 n/a 0.2%
    MORTGAGE ACCESS CORP. $205,000 n/a 0.2%
    Mr. Cooper ( Nationstar Mortgage ) $545,000 $205,000 -62.4% 0.2%
    PENTAGON FEDERAL CREDIT UNION $470,000 $195,000 -58.5% 0.2%
    ARK-LA-TEX FINANCIAL SERVICES, LLC. $175,000 n/a 0.2%
    MOVEMENT MORTGAGE, LLC $175,000 n/a 0.2%
    TOWNE MORTGAGE COMPANY $175,000 n/a 0.2%
    CIS Financial Services, Inc. $170,000 n/a 0.2%
    CLEARPATH LENDING $165,000 n/a 0.2%
    GUILD MORTGAGE COMPANY $1,060,000 $165,000 -84.4% 0.2%
    Paramount Residential Mortgage Group, Inc. $165,000 n/a 0.2%
    THE MORTGAGE FIRM, INC. $165,000 n/a 0.2%
    Washington State Bank $165,000 n/a 0.2%
    Armed Forces Bank $155,000 n/a 0.1%
    M&T Bank $155,000 n/a 0.1%
    United Community Bank $340,000 $150,000 -55.9% 0.1%
    CATAHOULA LASALLE BANK $145,000 n/a 0.1%
    ROYAL UNITED MORTGAGE LLC $140,000 $140,000 0.0% 0.1%
    FIDELITY BANK $135,000 n/a 0.1%
    MID AMERICA MORTGAGE, INC. $400,000 $130,000 -67.5% 0.1%
    WYMAR FEDERAL CREDIT UNION $125,000 n/a 0.1%
    SUN WEST MORTGAGE COMPANY, INC. $115,000 n/a 0.1%
    DELMAR FINANCIAL COMPANY $245,000 $105,000 -57.1% 0.1%
    First South Farm Credit, ACA $95,000 n/a 0.1%
    VANDERBILT MORTGAGE AND FINANCE, INC. $335,000 $85,000 -74.6% 0.1%
    Citizens Bank $1,260,000 $75,000 -94.0% 0.1%
    Wells Fargo Bank $950,000 $75,000 -92.1% 0.1%
    SOUTHWEST STAGE FUNDING, LLC $250,000 $65,000 -74.0% 0.1%
    SUPERIOR CHOICE $65,000 n/a 0.1%
    Bank of America $55,000 n/a 0.1%
    BOM Bank $45,000 n/a 0.0%
    Figure Lending LLC $35,000 n/a 0.0%
    La Capitol Federal Credit Union $85,000 $35,000 -58.8% 0.0%

    Fort Polk South's top lender by overall market share is Sabine State Bank and Trust Company, with 15.3% market share. In second place, with 9.5%, is Mortgage Research Center, LLC, having originated $10,105,000 in loans. In third place, with 8.4%, is FAIRWAY INDEPENDENT MORTGAGE CORPORATION, having originated $8,905,000 in loans. In fourth place, with 6.7%, is NAVY FEDERAL CREDIT UNION, having originated $7,135,000 in loans. In fifth place, with 6.5%, is Merchants & Farmers Bank & Trust Company, having originated $6,925,000 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
    Fort Polk South's median listing price for 2024-10-01 was $200,000, a difference of $-33,500 (-14.4%) versus the prior year and $-5,250 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 2024-10-01 was $235,341, a difference of $2,590 (1.1%) versus the prior year and $-3,133 versus the prior month.

    For the 2024-10-01 period, Fort Polk South had 138 MLS listings, a difference of -1 listings (-1%) versus the prior month and 24 listings (21%) 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
    Fort Polk South's median listing age (time on market) for 2024-10-01 was 0 days.

    Fort Polk South's median square footage for active listings during the 2024-10-01 period was 1,711 sqft. One year prior, the average listing was 1,845 sqft.

    Fort Polk South, LA Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 423 $89,065,000 $210,556
    Cash Out Refi 57 $8,025,000 $140,789
    Refi 48 $6,230,000 $129,792
    Other 21 $1,135,000 $54,048
    Home Improvement 20 $2,130,000 $106,500

    Fort Polk South's most frequently cited loan purpose was Home Purchase, with 423 originations. The 2nd most popular reason was Cash Out Refi, with 57 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    6-7% 173 $35,085,000 $202,803
    7-8% 133 $32,515,000 $244,474
    Over 8% 97 $10,185,000 $105,000
    5-6% 71 $15,355,000 $216,268
    4-5% 6 $1,290,000 $215,000
    2.5-3% 2 $180,000 $90,000
    <2.5% 1 $5,000 $5,000
    3-4% 1 $155,000 $155,000

    During 2023, Fort Polk South's most frequently originated rate bucket was 6-7%, with 173 originations.

    Loan Sizing (Fort Polk South, LA MSA)

    Loan Size Originations Total Value Average Loan
    $100k-200k 200 $29,640,000 $148,200
    $200k-400k 184 $49,580,000 $269,457
    $100,000 or less 171 $11,005,000 $64,357
    $400k-600k 12 $5,440,000 $453,333
    $Over $1MM 2 $10,920,000 $5,460,000

    Fort Polk South's loan sizing saw the bucket of loans from $100k-200k with 200 originations, totaling $29,640,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 312 $60,290,000 $193,237
    60-80% 58 $19,590,000 $337,759
    Over 100% 42 $9,620,000 $229,048
    20-40% 34 $2,230,000 $65,588
    40-60% 21 $2,285,000 $108,810
    Under 20% 17 $755,000 $44,412

    Fort Polk South's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 312 originations, totaling $60,290,000 in origination value.