Top Mortgage Lenders in the Ruston, LA area

Which mortgage lender in the Ruston, LA area typically has the best rates? To help you narrow down where to shop for a mortgage, we provide a data driven ranking of mortgage lenders in the Ruston, LA area by interest rate and market share. We use data on all fixed rate mortgages that were closed in the past year to generate our rankings. We do not receive any compensation from lenders and strive to provide the most objective and authoritative ranking possible.

Based on our data, the cheapest overall lender in the Ruston, LA area is Origin Bank, with a “Rate Rank” of 1 and an average “Rate Difference” of -0.06%. This means that Origin Bank provided a -0.06% lower interest rate for its customers than other lenders in Ruston, LA for a similar set of borrowers. Origin Bank has a market share of 52.1%. It is also the most popular lender in the area.

Our detailed rankings of the mortgage lenders for the Ruston, LA area is shown in the table below. In the table, we also give our assessment of whether they are, on average, a cheap/expensive lender through a star rating system. You can choose to tailor our ranking table to a specific mortgage type (Conventional/Jumbo/FHA/VA) and purpose (purchase/refinance) through the drop-down menu. For example, the cheapest lender for Conventional mortgages in Ruston, LA is Origin Bank. If you want to take out a loan that is above conforming limits (for example, above $510,400 in 2020), the cheapest Jumbo mortgage provider is Origin Bank. If on the other hand, you want lower down payment or credit score requirements, the cheapest FHA mortgage provider is Origin Bank. The cheapest VA mortgage provider is Origin Bank. To get the lowest rate for your mortgage, we would suggest shopping and negotiating among several of our top ranked lenders by “Rate Rank” for your desired mortgage type and purpose.

Mortgage Type:
Purchase/Refinance:
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Origin Bank 1, -0.06% 52.09%
Century Next Bank 2, -0.01% 21.62%
Movement Mortgage 3, 0.08% 10.57%
Quicken Loans 4, 0.17% 15.72%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Origin Bank 1, -0.05% 57.34%
Century Next Bank 2, 0.02% 16.97%
Movement Mortgage 3, 0.09% 18.81%
Quicken Loans 4, 0.09% 6.88%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Origin Bank 1, -0.09% 46.03%
Century Next Bank 2, -0.03% 26.98%
Movement Mortgage 3, 0.07% 1.06%
Quicken Loans 4, 0.18% 25.93%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Origin Bank 1, -0.06% 55.49%
Century Next Bank 2, 0.00% 24.39%
Movement Mortgage 3, 0.06% 7.93%
Quicken Loans 4, 0.23% 12.20%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Origin Bank 1, -0.04% 61.82%
Century Next Bank 2, 0.03% 18.18%
Movement Mortgage 3, 0.07% 14.55%
Quicken Loans 4, 0.12% 5.45%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Origin Bank 1, -0.08% 49.08%
Century Next Bank 2, -0.02% 30.67%
Movement Mortgage 3, 0.08% 1.23%
Quicken Loans 4, 0.25% 19.02%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Origin Bank 1, -0.10% 37.50%
Century Next Bank 2, -0.04% 10.71%
Quicken Loans 3, 0.06% 28.57%
Movement Mortgage 4, 0.11% 23.21%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Origin Bank 1, -0.10% 42.50%
Century Next Bank 2, -0.02% 15.00%
Quicken Loans 3, 0.03% 10.00%
Movement Mortgage 4, 0.13% 32.50%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Origin Bank 1, -0.07% 25.00%
Quicken Loans 2, 0.02% 75.00%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Origin Bank 1, 0.00% 100.00%
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Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Origin Bank 1, 0.00% 100.00%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Origin Bank 1, -0.02% 36.36%
Century Next Bank 2, 0.01% 9.09%
Movement Mortgage 3, 0.01% 18.18%
Quicken Loans 4, 0.02% 36.36%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Origin Bank 1, -0.02% 46.15%
Century Next Bank 2, 0.01% 7.69%
Movement Mortgage 3, 0.01% 30.77%
Quicken Loans 4, 0.01% 15.38%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Origin Bank 1, -0.03% 22.22%
Century Next Bank 2, -0.00% 11.11%
Quicken Loans 3, 0.01% 66.67%

* Data is compiled for the Ruston, LA commuting zone area, which comprises of counties of Bienville Parish, LA, Jackson Parish, LA, Lincoln Parish, LA, and Winn Parish, LA. This includes cities/towns/communities of Ruston, LA as well as Choudrant, LA, Jonesboro, LA, Grambling, LA, Dubach, LA, Winnfield, LA, Hodge, LA, Castor, LA, Ringgold, LA, St. Maurice, LA, Arcadia, LA, Saline, LA, Chatham, LA, and Gibsland, LA. Lenders must have made at least 30 loans in the area to be included. Source for the data comes from Federal Financial Institutions Examination Council (FFIEC). Rate Difference (the average difference of interest rates relative to those of other lenders) were computed by subtracting the rate at origination from the average predicted rate based on the MSA, borrower LTV, DTI, Loan Amount, Loan Type, and Loan Purpose, and then regularized based on a Bayesian approach to account for smaller sample sizes. Above-average mortgage closing costs were then added to the rate difference at a rate of +0.15/point. Star ratings were determined in intervals of 0.10% in rate difference per half star.

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