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 6.87% 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 6.88% and one month ago for the week of 2024-10-10, the average rate was 6.51%.

Ruston's average rate one year ago was 7.59%.

For refis of the same type during the week of 2024-11-14, the average rate was 6.68%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-11-14 6.78%
Ruston 30 Year Fixed Rate 2024-11-14 6.87%
Ruston 30 Year Fixed Rate Refi 2024-11-14 6.68%
Ruston 15 Year Fixed Rate 2024-11-14 5.99%
Ruston 15 Year Fixed Rate Refi 2024-11-14 6.19%
Ruston 30 Year FHA 2024-11-14 0.2%
Ruston 30 Year FHA Refi 2024-11-14 0.1%
Ruston 30 Year USDA 2024-11-14 0.1%
Ruston 30 Year USDA Refi 2024-11-14 -0.1%
Ruston 30 Year VA 2024-11-14 0.1%
Ruston 30 Year VA Refi 2024-11-14 0.1%
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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
Origin Bank 49 6.57% $5,134
Century Next Bank 22 6.47% $6,076
QUICKEN LOANS, LLC 10 6.88% $7,697
MOVEMENT MORTGAGE, LLC 8 7.17% $5,709
GMFS LLC 6 7.13% $4,128
Assurance Financial Group, L.L.C. 5 6.64% $6,059
First Horizon Bank 5 6.85% $3,866
Eagle Bank and Trust Company 4 6.28% $5,082
CENTRIC 4 8.29% $3,717
21ST MORTGAGE CORPORATION 3 7.76% $6,540
EUSTIS AND AMERICAN MORTGAGE COMPANY 2 7.31% $6,147
Regions Bank 2 7.06% $6,002
Towne Bank 2 6.25% $10,593
UNION HOME MORTGAGE CORP. 2 7.25% $4,424
UNITED WHOLESALE MORTGAGE, LLC 2 6.25% $8,132
BARKSDALE 2 5.31% $5,512
Mr. Cooper ( Nationstar Mortgage ) 2 6.18% $8,913
ANECA Federal Credit Union 2 6.56% $7,904
JPMorgan Chase Bank 2 6.94% $250
Raymond James Bank 2 5.50% $4,559
SOUTHWEST STAGE FUNDING, LLC 1 7.85% $4,505
USAA Federal Savings Bank 1 6.38% $3,019
Wells Fargo Bank 1 6.75% $6,528
ACADEMY MORTGAGE CORPORATION 1 8.38% $19,149
AMERICAN INTERNET MORTGAGE, INC. 1 6.00% $4,679
Arvest Bank 1 7.13% $6,185
BancorpSouth 1 6.25% $8,181
Baxter Credit Union 1 7.75% $4,402
CARTER FEDERAL CREDIT UNION 1 6.63% $4,056
Chickasaw Community Bank 1 6.88% $4,172
CHURCHILL MORTGAGE CORPORATION 1 6.88% $4,455
First Bank 1 6.25% $7,360
Flagstar Bank, FSB 1 6.88% $6,603
GUARANTEED RATE, INC. 1 6.63% $3,781
GUILD MORTGAGE COMPANY 1 7.63% $5,945
Hancock Whitney Bank 1 7.63% $11,995
Home Federal Bank 1 5.63% $2,573
HOMESIDE FINANCIAL, LLC 1 7.13% $4,676
NEWREZ LLC 1 6.25% $3,516
PLANET HOME LENDING, LLC 1 6.63% $3,570
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 6.63% $5,969
Red River Bank 1 6.50% $6,700

Ruston Average Closing Costs & Other Stats

Ruston, LA's 42 lenders originated 554 loans during 2023. The total origination value was $121,240,000, with an average loan value of $218,845.

Ruston's average closing costs are $4,982.

The top Ruston lender as defined by loan originations is Origin Bank, with 49 loans originated. Their average total fees are $5,134, which is $942 lower than the next largest lender, Century Next Bank.

The lowest fee Ruston lenders (with over 10 loans originated) are Origin Bank ($5,134), Century Next Bank ($6,076), QUICKEN LOANS, LLC ($7,697), .

The lowest rate Ruston lenders (with over 10 loans originated) are Century Next Bank (6.47%), Origin Bank (6.57%), QUICKEN LOANS, LLC (6.88%), .

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 2022 Loan Value 2023 Loan Value % Change 2023 Market Share
Origin Bank $43,260,000 $25,075,000 -42.0% 20.7%
Century Next Bank $28,655,000 $10,750,000 -62.5% 8.9%
First National Bank $6,670,000 $10,250,000 53.7% 8.5%
b1BANK $7,095,000 $9,810,000 38.3% 8.1%
Gibsland Bank & Trust Company $7,850,000 $6,800,000 -13.4% 5.6%
MOVEMENT MORTGAGE, LLC $6,830,000 $4,870,000 -28.7% 4.0%
QUICKEN LOANS, LLC $5,725,000 $4,280,000 -25.2% 3.5%
Citizens National Bank, N.A. $395,000 $4,025,000 919.0% 3.3%
GMFS LLC $4,395,000 $3,375,000 -23.2% 2.8%
21ST MORTGAGE CORPORATION $2,365,000 $2,510,000 6.1% 2.1%
EUSTIS AND AMERICAN MORTGAGE COMPANY $925,000 $1,825,000 97.3% 1.5%
Assurance Financial Group, L.L.C. $945,000 $1,705,000 80.4% 1.4%
CENTRIC $3,350,000 $1,680,000 -49.9% 1.4%
BancorpSouth $2,540,000 $1,675,000 -34.1% 1.4%
USAA Federal Savings Bank $420,000 $1,585,000 277.4% 1.3%
First Horizon Bank $1,105,000 $1,530,000 38.5% 1.3%
NEWREZ LLC $745,000 $1,515,000 103.4% 1.2%
HOMELAND BANCSHARES $680,000 $1,475,000 116.9% 1.2%
Eagle Bank and Trust Company $2,205,000 $1,460,000 -33.8% 1.2%
Mortgage Research Center, LLC $960,000 $1,345,000 40.1% 1.1%
UNITED WHOLESALE MORTGAGE, LLC $880,000 $1,180,000 34.1% 1.0%
BARKSDALE $135,000 $895,000 563.0% 0.7%
GUARANTEED RATE, INC. $885,000 n/a 0.7%
JPMorgan Chase Bank $1,215,000 $880,000 -27.6% 0.7%
Towne Bank $800,000 n/a 0.7%
ANECA Federal Credit Union $235,000 $770,000 227.7% 0.6%
Regions Bank $920,000 $770,000 -16.3% 0.6%
ACADEMY MORTGAGE CORPORATION $760,000 n/a 0.6%
Raymond James Bank $740,000 n/a 0.6%
Wells Fargo Bank $1,190,000 $735,000 -38.2% 0.6%
VANDERBILT MORTGAGE AND FINANCE, INC. $75,000 $610,000 713.3% 0.5%
Hancock Whitney Bank $605,000 n/a 0.5%
Guaranty Bank & Trust Company of Delhi, Louisiana $1,825,000 $575,000 -68.5% 0.5%
LOANDEPOT.COM, LLC $2,825,000 $565,000 -80.0% 0.5%
UNION HOME MORTGAGE CORP. $905,000 $540,000 -40.3% 0.4%
Mr. Cooper ( Nationstar Mortgage ) $715,000 $535,000 -25.2% 0.4%
Bank of America $355,000 $505,000 42.3% 0.4%
SOUTHWEST STAGE FUNDING, LLC $495,000 $490,000 -1.0% 0.4%
TRIAD FINANCIAL SERVICES, INC. $1,515,000 $480,000 -68.3% 0.4%
Red River Bank $355,000 $460,000 29.6% 0.4%
Home Federal Bank $1,110,000 $450,000 -59.5% 0.4%
Baxter Credit Union $395,000 n/a 0.3%
CALCON MUTUAL MORTGAGE LLC $335,000 n/a 0.3%
UNITED BUILT HOMES, L.L.C. $510,000 $335,000 -34.3% 0.3%
FREEDOM MORTGAGE CORPORATION $790,000 $305,000 -61.4% 0.3%
HOMEBRIDGE FINANCIAL SERVICES, INC. $305,000 n/a 0.3%
U.S. Bank $470,000 $295,000 -37.2% 0.2%
BROKER SOLUTIONS, INC. $350,000 $285,000 -18.6% 0.2%
HOMESIDE FINANCIAL, LLC $280,000 n/a 0.2%
AMERICAN INTERNET MORTGAGE, INC. $275,000 n/a 0.2%
ARK-LA-TEX FINANCIAL SERVICES, LLC. $275,000 n/a 0.2%
CIS Financial Services, Inc. $275,000 n/a 0.2%
Arvest Bank $265,000 n/a 0.2%
CHURCHILL MORTGAGE CORPORATION $265,000 n/a 0.2%
CROSSCOUNTRY MORTGAGE, LLC $275,000 $265,000 -3.6% 0.2%
BOM Bank $65,000 $255,000 292.3% 0.2%
United Community Bank $465,000 $230,000 -50.5% 0.2%
CARTER FEDERAL CREDIT UNION $225,000 n/a 0.2%
First Guaranty Bank $65,000 $225,000 246.2% 0.2%
Progressive Bank $165,000 $215,000 30.3% 0.2%
USAlliance Federal Credit Union $195,000 n/a 0.2%
First American Bank and Trust $175,000 n/a 0.1%
Flagstar Bank, FSB $255,000 $175,000 -31.4% 0.1%
PANORAMA MORTGAGE GROUP, LLC $175,000 n/a 0.1%
PLANET HOME LENDING, LLC $165,000 n/a 0.1%
PRIMELENDING, A PLAINSCAPITAL COMPANY $155,000 n/a 0.1%
CSL Financial, LLC $200,000 $150,000 -25.0% 0.1%
First Bank $145,000 n/a 0.1%
Southern Bancorp Bank $145,000 n/a 0.1%
ROUNDPOINT MORTGAGE SERVICING CORPORATION $135,000 n/a 0.1%
BAYSHORE MORTGAGE FUNDING, LLC $130,000 n/a 0.1%
First Federal Bank of Louisiana $115,000 n/a 0.1%
AMERISAVE MORTGAGE CORPORATION $700,000 $105,000 -85.0% 0.1%
SUPERIOR CHOICE $105,000 n/a 0.1%
Coastal Community Bank $95,000 n/a 0.1%
Carrington Mortgage Services, LLC $865,000 $90,000 -89.6% 0.1%
COUNTRYPLACE MORTGAGE, LTD. $85,000 n/a 0.1%
GUILD MORTGAGE COMPANY $85,000 n/a 0.1%
Merchants & Farmers Bank & Trust Company $85,000 n/a 0.1%
AMERICAN PACIFIC MORTGAGE CORPORATION $185,000 $75,000 -59.5% 0.1%
PLAZA HOME MORTGAGE, INC. $75,000 n/a 0.1%
MUTUAL OF OMAHA MORTGAGE, INC. $75,000 $65,000 -13.3% 0.1%
The Federal Savings Bank $65,000 n/a 0.1%
Discover Bank $85,000 $55,000 -35.3% 0.0%
Chickasaw Community Bank $45,000 n/a 0.0%
NAVY FEDERAL CREDIT UNION $695,000 $35,000 -95.0% 0.0%
La Capitol Federal Credit Union $485,000 $25,000 -94.8% 0.0%
Lakeview Community Capital, LLC $25,000 n/a 0.0%
CHERRY CREEK MORTGAGE, LLC $15,000 n/a 0.0%

Ruston's top lender by overall market share is Origin Bank, with 20.7% market share. In second place, with 8.9%, is Century Next Bank, having originated $10,750,000 in loans. In third place, with 8.5%, is First National Bank, having originated $10,250,000 in loans. In fourth place, with 8.1%, is b1BANK, having originated $9,810,000 in loans. In fifth place, with 5.6%, is Gibsland Bank & Trust Company, having originated $6,800,000 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 (-6.1%) $272,391 (-6.8%) 0.00 121
2018-02-01 $258,225 (-5.5%) $266,831 (-7.7%) 0.00 127
2018-03-01 $255,000 (-5.5%) $267,444 (-6.5%) 0.00 149
2018-04-01 $254,000 (-6.8%) $261,463 (-8.7%) 0.00 172
2018-05-01 $260,000 (-0.3%) $274,323 (-2.2%) 0.00 161
2018-06-01 $271,450 (8.8%) $282,375 (4.7%) 0.00 149
2018-07-01 $271,400 (6.6%) $287,428 (0.4%) 0.00 152
2018-08-01 $265,600 (-0.3%) $281,042 (-3.9%) 0.00 150
2018-09-01 $260,000 (2.0%) $282,719 (-1.5%) 0.00 150
2018-10-01 $272,000 (6.3%) $285,573 (0.2%) 0.00 161
2018-11-01 $268,500 (1.7%) $284,466 (-0.7%) 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
2023-12-01 $272,500 (-11.8%) $341,458 (-20.6%) 0.00 85
2024-01-01 $284,000 (-7.9%) $354,065 (-15.3%) 0.00 81
2024-02-01 $268,750 (-8.5%) $346,867 (-13.0%) 0.00 80
2024-03-01 $268,750 (-13.8%) $348,365 (-13.1%) 0.00 75
2024-04-01 $258,000 (-17.9%) $336,755 (-14.2%) 0.00 86
2024-05-01 $260,000 (-20.8%) $330,798 (-20.4%) 0.00 85
2024-06-01 $257,500 (-20.6%) $286,021 (-25.1%) 0.00 92
2024-07-01 $257,500 (-18.1%) $315,181 (-16.1%) 0.00 97
2024-08-01 $257,500 (-14.9%) $324,921 (-11.6%) 0.00 99
2024-09-01 $274,750 (-4.7%) $344,822 (0.0%) 0.00 95
2024-10-01 $255,200 (-8.5%) $332,414 (-0.8%) 0.00 97
Ruston's median listing price for 2024-10-01 was $255,200, a difference of $-23,550 (-8.5%) versus the prior year and $-19,550 versus the prior month.

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

Ruston's average listing price for 2024-10-01 was $332,414, a difference of $-2,666 (-0.8%) versus the prior year and $-12,408 versus the prior month.

For the 2024-10-01 period, Ruston had 97 MLS listings, a difference of 2 listings (2%) versus the prior month and 19 listings (24%) 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
2023-12-01 0 days 1,900 sqft
2024-01-01 0 days 1,931 sqft
2024-02-01 0 days 1,878 sqft
2024-03-01 0 days 1,941 sqft
2024-04-01 0 days 1,931 sqft
2024-05-01 0 days 1,866 sqft
2024-06-01 0 days 1,828 sqft
2024-07-01 0 days 1,812 sqft
2024-08-01 0 days 1,848 sqft
2024-09-01 0 days 1,855 sqft
2024-10-01 0 days 1,843 sqft
Ruston's median listing age (time on market) for 2024-10-01 was 0 days.

Ruston's median square footage for active listings during the 2024-10-01 period was 1,843 sqft. One year prior, the average listing was 1,942 sqft.

Ruston, LA Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 362 $85,290,000 $235,608
Refi 121 $27,815,000 $229,876
Cash Out Refi 38 $5,400,000 $142,105
Other 24 $2,030,000 $84,583
Home Improvement 9 $705,000 $78,333

Ruston's most frequently cited loan purpose was Home Purchase, with 362 originations. The 2nd most popular reason was Refi, with 121 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
6-7% 158 $38,280,000 $242,278
Over 8% 118 $13,100,000 $111,017
7-8% 104 $21,070,000 $202,596
5-6% 67 $16,555,000 $247,090
4-5% 6 $1,150,000 $191,667
3-4% 4 $6,380,000 $1,595,000
2.5-3% 2 $170,000 $85,000

During 2023, Ruston's most frequently originated rate bucket was 6-7%, with 158 originations.

Loan Sizing (Ruston, LA MSA)

Loan Size Originations Total Value Average Loan
$100k-200k 187 $28,375,000 $151,738
$200k-400k 162 $44,620,000 $275,432
$100,000 or less 157 $9,465,000 $60,287
$400k-600k 30 $14,400,000 $480,000
$600k-1000k 12 $8,120,000 $676,667
$Over $1MM 6 $16,260,000 $2,710,000

Ruston's loan sizing saw the bucket of loans from $100k-200k with 187 originations, totaling $28,375,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 211 $45,915,000 $217,607
60-80% 111 $32,065,000 $288,874
40-60% 52 $9,100,000 $175,000
20-40% 41 $3,985,000 $97,195
Under 20% 28 $1,100,000 $39,286
Over 100% 7 $2,485,000 $355,000

Ruston's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 211 originations, totaling $45,915,000 in origination value.