Ruston 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 Ruston averaged 7.29% 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 7.07% and one month ago for the week of 2024-03-14, the average rate was 6.83%.

    Ruston's average rate one year ago was 6.26%.

    For refis of the same type during the week of 2024-04-18, the average rate was 7.2%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2024-04-18 7.1%
    Ruston 30 Year Fixed Rate 2024-04-18 7.29%
    Ruston 30 Year Fixed Rate Refi 2024-04-18 7.2%
    Ruston 15 Year Fixed Rate 2024-04-18 6.19%
    Ruston 15 Year Fixed Rate Refi 2024-04-18 6.59%
    Ruston 30 Year FHA 2024-04-18 6.96%
    Ruston 30 Year FHA Refi 2024-04-18 6.96%
    Ruston 30 Year USDA 2024-04-18 6.86%
    Ruston 30 Year USDA Refi 2024-04-18 6.76%
    Ruston 30 Year VA 2024-04-18 6.76%
    Ruston 30 Year VA Refi 2024-04-18 6.66%
    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
    Ruston's median listing price for 2024-03-01 was $268,750, a difference of $-42,875 (-13.8%) versus the prior year and $0 versus the prior month.

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

    Ruston's average listing price for 2024-03-01 was $348,365, a difference of $-52,503 (-13.1%) versus the prior year and $1,498 versus the prior month.

    For the 2024-03-01 period, Ruston had 75 MLS listings, a difference of -5 listings (-6%) versus the prior month and 19 listings (34%) 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
    Ruston's median listing age (time on market) for 2024-03-01 was 0 days.

    Ruston's median square footage for active listings during the 2024-03-01 period was 1,941 sqft. One year prior, the average listing was 1,944 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.