Ruston Mortgage Rates & Closing Costs

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

30 Year Fixed Rate mortgages in Ruston averaged 7.1% for the week of 2023-11-30, compared to the national average of 7.22% for the same period.

The average rate for the prior week (2023-11-22) was 7.17% and one month ago for the week of 2023-10-26, the average rate was 7.37%.

Ruston's average rate one year ago was 6.36%.

For refis of the same type during the week of 2023-11-30, the average rate was 7.12%.

Loan Type Date Rate
US 30 Year Fixed Rate 2023-11-30 7.22%
Ruston 30 Year Fixed Rate 2023-11-30 7.1%
Ruston 30 Year Fixed Rate Refi 2023-11-30 7.12%
Ruston 15 Year Fixed Rate 2023-11-30 6.46%
Ruston 15 Year Fixed Rate Refi 2023-11-30 6.46%
Ruston 30 Year FHA 2023-11-30 7.15%
Ruston 30 Year FHA Refi 2023-11-30 7.05%
Ruston 30 Year USDA 2023-11-30 6.8%
Ruston 30 Year USDA Refi 2023-11-30 6.9%
Ruston 30 Year VA 2023-11-30 6.67%
Ruston 30 Year VA Refi 2023-11-30 6.97%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Ruston, LA.

Ruston 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 Ruston, 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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
Origin Bank 70 5.00% $4,924
Century Next Bank 44 4.70% $6,090
CENTRIC 16 5.34% $4,208
MOVEMENT MORTGAGE, LLC 16 4.88% $5,479
QUICKEN LOANS, LLC 13 5.29% $6,121
GMFS LLC 12 5.06% $5,791
Eagle Bank and Trust Company 7 5.14% $4,997
Cross Keys Bank 7 4.46% $4,566
Wells Fargo Bank 6 4.40% $4,649
LOANDEPOT.COM, LLC 5 4.93% $8,058
JPMorgan Chase Bank 4 5.06% $2,743
Regions Bank 4 5.44% $2,311
21ST MORTGAGE CORPORATION 3 7.50% $6,324
First Horizon Bank 3 4.96% $3,970
Home Federal Bank 3 4.58% $4,812
NEWREZ LLC 3 5.25% $5,070
UNITED WHOLESALE MORTGAGE, LLC 3 6.25% $6,074
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 5.56% $6,339
UNION HOME MORTGAGE CORP. 2 6.63% $7,280
United Community Bank 1 7.49% $3,698
FirstTrust Home Loans, Inc. 1 5.99% $3,958
Flagstar Bank, FSB 1 3.77% $2,420
Gateway First Bank 1 4.88% $6,224
CALIBER HOME LOANS, INC. 1 5.63% $7,946
Ally Bank 1 4.13% $2,307
Bank of England 1 7.50% $9,272
La Capitol Federal Credit Union 1 5.00% $4,423
BancorpSouth 1 3.88% $4,179
Meridian Bank Corporation 1 5.37% $5,451
Austin Capital Bank SSB 1 5.00% $4,222
MUTUAL OF OMAHA MORTGAGE, INC. 1 6.63% $6,278
NAVY FEDERAL CREDIT UNION 1 3.25% $6,230
NBKC BANK 1 3.38% $3,388
U.S. Bank 1 6.13% $2,660
Northpointe Bank 1 3.00% $12,340
ANECA Federal Credit Union 1 6.13% $5,509
Orion Federal Credit Union 1 5.25% $3,066
PENNYMAC LOAN SERVICES, LLC 1 2.87% $8,041
AMERISAVE MORTGAGE CORPORATION 1 5.38% $6,621
America's Mortgage Resource, Inc. 1 4.99% $5,902
ROYAL UNITED MORTGAGE LLC 1 5.88% $6,240
Simmons Bank 1 2.88% $3,527
CROSSCOUNTRY MORTGAGE, LLC 1 3.50% $5,036
Centennial Bank 1 5.00% $3,930
Carrington Mortgage Services, LLC 1 6.13% $6,617
EUSTIS AND AMERICAN MORTGAGE COMPANY 1 3.88% $4,146
EMBRACE HOME LOANS, INC. 1 4.25% $3,566
FIDELITY BANK 1 3.88% $6,032

Ruston Average Closing Costs & Other Stats

Ruston, LA's 48 lenders originated 710 loans during 2022. The total origination value was $166,180,000, with an average loan value of $234,056.

Ruston's average closing costs are $4,760.

The top Ruston lender as defined by loan originations is Origin Bank, with 70 loans originated. Their average total fees are $4,924, which is $1,166 lower than the next largest lender, Century Next Bank.

The lowest fee Ruston lenders (with over 10 loans originated) are CENTRIC ($4,208), Origin Bank ($4,924), MOVEMENT MORTGAGE, LLC ($5,479), GMFS LLC ($5,791) and Century Next Bank ($6,090).

The lowest rate Ruston lenders (with over 10 loans originated) are Century Next Bank (4.70%), MOVEMENT MORTGAGE, LLC (4.88%), Origin Bank (5.00%), GMFS LLC (5.06%) and QUICKEN LOANS, LLC (5.29%).

Ruston, 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 2021 Loan Value 2022 Loan Value % Change 2022 Market Share
Origin Bank $59,630,000 $43,260,000 -27.5% 26.0%
Century Next Bank $31,850,000 $28,655,000 -10.0% 17.2%
Gibsland Bank & Trust Company $3,525,000 $7,850,000 122.7% 4.7%
b1BANK $22,005,000 $7,095,000 -67.8% 4.3%
MOVEMENT MORTGAGE, LLC $10,885,000 $6,830,000 -37.3% 4.1%
First National Bank $7,525,000 $6,670,000 -11.4% 4.0%
QUICKEN LOANS, LLC $15,995,000 $5,725,000 -64.2% 3.4%
GMFS LLC $8,560,000 $4,395,000 -48.7% 2.6%
CENTRIC $4,775,000 $3,350,000 -29.8% 2.0%
Cross Keys Bank $2,910,000 $2,900,000 -0.3% 1.7%
LOANDEPOT.COM, LLC $1,615,000 $2,825,000 74.9% 1.7%
BancorpSouth Bank $1,815,000 $2,540,000 39.9% 1.5%
21ST MORTGAGE CORPORATION $1,600,000 $2,365,000 47.8% 1.4%
Eagle Bank and Trust Company $2,150,000 $2,205,000 2.6% 1.3%
Guaranty Bank & Trust Company of Delhi, Louisiana $2,880,000 $1,825,000 -36.6% 1.1%
TRIAD FINANCIAL SERVICES, INC. $140,000 $1,515,000 982.1% 0.9%
JPMorgan Chase Bank $5,655,000 $1,215,000 -78.5% 0.7%
Wells Fargo Bank $3,170,000 $1,190,000 -62.5% 0.7%
Home Federal Bank $1,920,000 $1,110,000 -42.2% 0.7%
First Horizon Bank $2,030,000 $1,105,000 -45.6% 0.7%
Mortgage Research Center, LLC $2,515,000 $960,000 -61.8% 0.6%
Assurance Financial Group, L.L.C. $1,195,000 $945,000 -20.9% 0.6%
EUSTIS AND AMERICAN MORTGAGE COMPANY $645,000 $925,000 43.4% 0.6%
Regions Bank $2,395,000 $920,000 -61.6% 0.6%
UNION HOME MORTGAGE CORP. $905,000 n/a 0.5%
UNITED WHOLESALE MORTGAGE, LLC $1,565,000 $880,000 -43.8% 0.5%
Carrington Mortgage Services, LLC $460,000 $865,000 88.0% 0.5%
FREEDOM MORTGAGE CORPORATION $2,675,000 $790,000 -70.5% 0.5%
NEWREZ LLC $1,730,000 $745,000 -56.9% 0.4%
Mr. Cooper ( Nationstar Mortgage ) $1,495,000 $715,000 -52.2% 0.4%
AMERISAVE MORTGAGE CORPORATION $1,230,000 $700,000 -43.1% 0.4%
NAVY FEDERAL CREDIT UNION $2,050,000 $695,000 -66.1% 0.4%
HOMELAND BANCSHARES, INC. $75,000 $680,000 806.7% 0.4%
Bank of England $185,000 $640,000 245.9% 0.4%
UNITED BUILT HOMES, L.L.C. $630,000 $510,000 -19.0% 0.3%
SOUTHWEST STAGE FUNDING, LLC $185,000 $495,000 167.6% 0.3%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $480,000 $490,000 2.1% 0.3%
Gateway First Bank $430,000 $485,000 12.8% 0.3%
La Capitol Federal Credit Union $175,000 $485,000 177.1% 0.3%
SOUTHWEST FUNDING, LP $310,000 $480,000 54.8% 0.3%
U.S. Bank $840,000 $470,000 -44.0% 0.3%
United Community Bank $465,000 n/a 0.3%
PENNYMAC LOAN SERVICES, LLC $1,420,000 $460,000 -67.6% 0.3%
HOME POINT FINANCIAL CORPORATION $1,775,000 $435,000 -75.5% 0.3%
USAA Federal Savings Bank $225,000 $420,000 86.7% 0.3%
NBKC BANK $430,000 $405,000 -5.8% 0.2%
Citizens National Bank, N.A. $950,000 $395,000 -58.4% 0.2%
Bank of America $2,430,000 $355,000 -85.4% 0.2%
Red River Bank $515,000 $355,000 -31.1% 0.2%
BROKER SOLUTIONS, INC. $65,000 $350,000 438.5% 0.2%
AMERICAN FINANCIAL RESOURCES, INC. $310,000 $335,000 8.1% 0.2%
First National Bank of East Texas $325,000 n/a 0.2%
ZILLOW HOME LOANS, LLC $500,000 $325,000 -35.0% 0.2%
Citizens Bank $1,465,000 $315,000 -78.5% 0.2%
Simmons Bank $315,000 n/a 0.2%
Southern Heritage Bank $365,000 $285,000 -21.9% 0.2%
CROSSCOUNTRY MORTGAGE, LLC $275,000 n/a 0.2%
ANGEL OAK HOME LOANS LLC $255,000 n/a 0.2%
Centennial Bank $255,000 n/a 0.2%
EMBRACE HOME LOANS, INC. $365,000 $255,000 -30.1% 0.2%
Flagstar Bank, FSB $725,000 $255,000 -64.8% 0.2%
NATIONS RELIABLE LENDING, LLC $255,000 n/a 0.2%
ANECA Federal Credit Union $75,000 $235,000 213.3% 0.1%
America's Mortgage Resource, Inc. $225,000 n/a 0.1%
CALIBER HOME LOANS, INC. $1,110,000 $225,000 -79.7% 0.1%
Northpointe Bank $225,000 n/a 0.1%
Ally Bank $145,000 $215,000 48.3% 0.1%
FIDELITY BANK $205,000 $205,000 0.0% 0.1%
UTAH FIRST $205,000 n/a 0.1%
CSL Financial, LLC $90,000 $200,000 122.2% 0.1%
AMERICAN PACIFIC MORTGAGE CORPORATION $185,000 n/a 0.1%
FirstTrust Home Loans, Inc. $165,000 n/a 0.1%
Meridian Bank Corporation $165,000 n/a 0.1%
Progressive Bank $200,000 $165,000 -17.5% 0.1%
Carolina Bank & Trust $155,000 n/a 0.1%
Magnolia Bank $155,000 n/a 0.1%
VILLAGE CAPITAL MORTGAGE $555,000 $145,000 -73.9% 0.1%
Ouachita Valley Federal Credit Union $140,000 n/a 0.1%
BARKSDALE $490,000 $135,000 -72.4% 0.1%
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $1,055,000 $135,000 -87.2% 0.1%
MYCUMORTGAGE, LLC $135,000 n/a 0.1%
PRIMARY RESIDENTIAL MORTGAGE, INC. $145,000 $125,000 -13.8% 0.1%
ROYAL UNITED MORTGAGE LLC $115,000 n/a 0.1%
American Airlines Federal Credit Union $105,000 n/a 0.1%
Nations Lending Corporation $105,000 n/a 0.1%
Austin Capital Bank SSB $95,000 n/a 0.1%
Orion Federal Credit Union $95,000 n/a 0.1%
Progressive National Bank $95,000 n/a 0.1%
Discover Bank $35,000 $85,000 142.9% 0.1%
MUTUAL OF OMAHA MORTGAGE, INC. $75,000 n/a 0.0%
VANDERBILT MORTGAGE AND FINANCE, INC. $95,000 $75,000 -21.1% 0.0%
BOM Bank $360,000 $65,000 -81.9% 0.0%
First Guaranty Bank $675,000 $65,000 -90.4% 0.0%
PENTAGON FEDERAL CREDIT UNION $415,000 $65,000 -84.3% 0.0%
EFCU FINANCIAL $55,000 n/a 0.0%
1st Franklin Financial Corporation $35,000 n/a 0.0%
AMERICAN ADVISORS GROUP $65,000 $25,000 -61.5% 0.0%

Ruston's top lender by overall market share is Origin Bank, with 26.0% market share. In second place, with 17.2%, is Century Next Bank, having originated $28,655,000 in loans. In third place, with 4.7%, is Gibsland Bank & Trust Company, having originated $7,850,000 in loans. In fourth place, with 4.3%, is b1BANK, having originated $7,095,000 in loans. In fifth place, with 4.1%, is MOVEMENT MORTGAGE, LLC, having originated $6,830,000 in loans.


Ruston Housing Market Trends (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 (-6.0%) $272,391 (-6.7%) 0.00 121
2018-02-01 $258,225 (-5.2%) $266,831 (-7.4%) 0.00 127
2018-03-01 $255,000 (-5.5%) $267,444 (-6.4%) 0.00 149
2018-04-01 $254,000 (-6.8%) $261,463 (-8.4%) 0.00 172
2018-05-01 $260,000 (0.1%) $274,323 (-1.7%) 0.00 161
2018-06-01 $271,450 (8.8%) $282,375 (5.1%) 0.00 149
2018-07-01 $271,400 (6.9%) $287,428 (0.9%) 0.00 152
2018-08-01 $265,600 (0.6%) $281,042 (-3.5%) 0.00 150
2018-09-01 $260,000 (2.0%) $282,719 (-1.1%) 0.00 150
2018-10-01 $272,000 (6.9%) $285,573 (0.6%) 0.00 161
2018-11-01 $268,500 (2.4%) $284,466 (-0.3%) 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
Ruston's median listing price for 2023-11-01 was $280,000, a difference of $-31,000 (-10.0%) versus the prior year and $1,250 versus the prior month.

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

Ruston's average listing price for 2023-11-01 was $343,057, a difference of $-90,124 (-20.8%) versus the prior year and $7,977 versus the prior month.

For the 2023-11-01 period, Ruston had 71 MLS listings, a difference of -7 listings (-9%) versus the prior month and 11 listings (18%) 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
Ruston's median listing age (time on market) for 2023-11-01 was 0 days.

Ruston's median square footage for active listings during the 2023-11-01 period was 1,956 sqft. One year prior, the average listing was 1,879 sqft.

Ruston, LA Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 411 $101,335,000 $246,557
Refi 185 $44,655,000 $241,378
Cash Out Refi 87 $17,945,000 $206,264
Home Improvement 16 $740,000 $46,250
Other 11 $1,505,000 $136,818

Ruston's most frequently cited loan purpose was Home Purchase, with 411 originations. The 2nd most popular reason was Refi, with 185 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
5-6% 148 $33,700,000 $227,703
4-5% 148 $33,270,000 $224,797
3-4% 128 $39,150,000 $305,859
6-7% 82 $15,720,000 $191,707
Over 8% 36 $3,640,000 $101,111
2.5-3% 36 $9,890,000 $274,722
7-8% 30 $6,020,000 $200,667
<2.5% 10 $1,650,000 $165,000

During 2022, Ruston's most frequently originated rate bucket was 5-6%, with 148 originations.

Loan Sizing (Ruston, LA MSA)

Loan Size Originations Total Value Average Loan
$100k-200k 256 $38,100,000 $148,828
$200k-400k 231 $62,575,000 $270,887
$100,000 or less 153 $9,605,000 $62,778
$400k-600k 40 $18,710,000 $467,750
$600k-1000k 15 $10,915,000 $727,667
$Over $1MM 15 $26,275,000 $1,751,667

Ruston's loan sizing saw the bucket of loans from $100k-200k with 256 originations, totaling $38,100,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 264 $65,220,000 $247,045
60-80% 185 $47,485,000 $256,676
40-60% 80 $17,130,000 $214,125
20-40% 45 $5,845,000 $129,889
Under 20% 30 $3,310,000 $110,333
Over 100% 9 $3,105,000 $345,000

Ruston's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 264 originations, totaling $65,220,000 in origination value.