Fort Polk South Mortgage Rates & Closing Costs

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

30 Year Fixed Rate mortgages in Fort Polk South averaged 7.3% for the week of 2024-04-18, compared to the national average of 7.1% for the same period.

The average rate for the prior week (2024-04-11) was 6.78% and one month ago for the week of 2024-03-14, the average rate was 6.64%.

Fort Polk South's average rate one year ago was 6.27%.

For refis of the same type during the week of 2024-04-18, the average rate was 7%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-04-18 7.1%
Fort Polk South 30 Year Fixed Rate 2024-04-18 7.3%
Fort Polk South 30 Year Fixed Rate Refi 2024-04-18 7%
Fort Polk South 15 Year Fixed Rate 2024-04-18 6.39%
Fort Polk South 15 Year Fixed Rate Refi 2024-04-18 6.79%
Fort Polk South 30 Year FHA 2024-04-18 7.06%
Fort Polk South 30 Year FHA Refi 2024-04-18 7.06%
Fort Polk South 30 Year USDA 2024-04-18 7.06%
Fort Polk South 30 Year USDA Refi 2024-04-18 7.06%
Fort Polk South 30 Year VA 2024-04-18 6.74%
Fort Polk South 30 Year VA Refi 2024-04-18 6.86%
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
Fort Polk South's median listing price for 2024-03-01 was $195,000, a difference of $-52,175 (-21.1%) versus the prior year and $-4,850 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 2024-03-01 was $216,908, a difference of $-14,903 (-6.4%) versus the prior year and $-10,395 versus the prior month.

For the 2024-03-01 period, Fort Polk South had 104 MLS listings, a difference of -2 listings (-2%) versus the prior month and 28 listings (37%) 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
Fort Polk South's median listing age (time on market) for 2024-03-01 was 0 days.

Fort Polk South's median square footage for active listings during the 2024-03-01 period was 1,719 sqft. One year prior, the average listing was 1,936 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.