Ruston Mortgage Rates & Closing Costs

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  • Trends
  • Rates vs. Fees
  • Top Lenders
  • Market Share
  • Market Conditions & Pricing
  • Time on Market/Property Size
  • Loan Attributes
    • 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.