Baton Rouge FHA Loan Rates, Closing Costs & Stats

BATON ROUGE, LA

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    • FHA loans are mortgages created in the 1930's to help insulate lenders from credit risks and help promote home ownership. The Federal Housing Administration (hence, FHA) allows for lower downpayments and credit scores-- making these loans much more accessible than traditional mortgages.

    FHA loans typically need just a 3.5% downpayment with credit scores of 580 or better. For credit scores between 500-579, the downpayment needs to be at least 10%.

    While FHA loans make home ownership much more accessible to first-time homebuyers, they do require PMI (purchase money insurance)-- an additional insurance premium that is paid to the FHA to help cover defaults.

    For additional requirements as defined by the FHA, click here.

    Baton Rouge's 122 lenders originated 3,104 FHA loans during 2024. The total origination value was $752,960,000, with an average FHA loan value of $242,577.

    Baton Rouge FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Baton Rouge averaged 6.71% for the week of 2025-06-27, compared to the national average (all FHA variants) of 6.493% for the same period.

    Baton Rouge's average FHA mortgage closing costs are $7,654.

    The average rate for the prior week (2025-06-20) was 6.9% and one month ago for the week of 2025-05-23, the average rate was 6.54%.

    The average rate one year ago was 7.01%.

    For refis of the same type during the week of 2025-06-27, the average rate was 6.48%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    Baton Rouge FHA Loan Lenders by Rates & Fees

    The below table looks at the average fees/closing costs and rates for FHA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Baton Rouge level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    GMFS LLC 347 6.52% $7,141
    UNITED WHOLESALE MORTGAGE, LLC 304 6.28% $11,922
    DSLD MORTGAGE, LLC 245 5.99% $5,629
    DHI MORTGAGE COMPANY, LTD. 128 4.84% $7,723
    QUICKEN LOANS, LLC 125 6.43% $10,651
    FREEDOM MORTGAGE CORPORATION 95 6.35% $10,526
    EUSTIS AND AMERICAN MORTGAGE COMPANY 91 6.56% $10,946
    Residential Acceptance Corporation 91 7.18% $10,630
    Gulf Coast Bank and Trust Company 88 6.34% $8,652
    MOVEMENT MORTGAGE, LLC 83 6.50% $10,477
    Assurance Financial Group, L.L.C. 77 6.63% $10,569
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 68 6.63% $6,359
    FIDELITY BANK 66 6.31% $10,165
    Equity Prime Mortgage LLC 54 6.76% $10,154
    CARDINAL FINANCIAL 47 6.53% $9,863
    PENNYMAC LOAN SERVICES, LLC 45 6.02% $8,244
    SUN WEST MORTGAGE COMPANY, INC. 44 6.38% $10,974
    Hancock Whitney Bank 43 6.03% $9,799
    CROSSCOUNTRY MORTGAGE, LLC 40 6.70% $11,171
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 39 6.67% $10,623
    CMG MORTGAGE, INC. 37 6.71% $9,868
    AMERITRUST MORTGAGE CORPORATION 33 6.97% $13,717
    LOANDEPOT.COM, LLC 29 6.44% $9,813
    HOMESIDE FINANCIAL, LLC 29 6.60% $10,759
    NEWREZ LLC 28 6.47% $9,205
    Wolfe Financial, Inc 27 6.50% $11,755
    GUILD MORTGAGE COMPANY 25 6.81% $10,323
    Flagstar Bank, FSB 24 6.14% $9,332
    PRIMARY RESIDENTIAL MORTGAGE, INC. 22 7.06% $10,354
    SOUTHWEST FUNDING, LP 22 7.05% $10,800
    FIRST COMMUNITY MORTGAGE, INC. 22 6.50% $11,136
    GENEVA FINANCIAL, LLC 20 6.61% $11,225
    US MORTGAGE CORPORATION 18 6.58% $11,323
    Red River Bank 18 6.04% $7,899
    PLANET HOME LENDING, LLC 17 6.42% $7,093
    VILLAGE CAPITAL MORTGAGE 17 6.62% $5,287
    Cornerstone First Mortgage, Inc 17 6.46% $8,873
    HOMEBRIDGE FINANCIAL SERVICES, INC. 15 6.18% $8,671
    HOMESPIRE MORTGAGE CORPORATION 14 6.60% $11,331
    MUTUAL OF OMAHA MORTGAGE, INC. 14 6.47% $16,475
    OCMBC, INC. 13 7.07% $15,119
    PLAZA HOME MORTGAGE, INC. 12 6.95% $11,449
    CANOPY MORTGAGE, LLC 12 6.66% $11,164
    AMERICAN FINANCIAL NETWORK, INC. 11 6.89% $10,848
    THE MORTGAGE FIRM, INC. 11 6.65% $9,745
    MID AMERICA MORTGAGE, INC. 11 6.95% $7,857
    Mr. Cooper ( Nationstar Mortgage ) 11 6.53% $11,196
    AMERISAVE MORTGAGE CORPORATION 11 6.01% $12,270
    STANDARD MORTGAGE CORPORATION 10 6.23% $7,962
    BROKER SOLUTIONS, INC. 10 7.05% $10,455
    AmeriHome Mortgage Company, LLC 10 6.41% $5,738
    BancorpSouth 9 6.62% $6,693
    Regions Bank 9 6.25% $9,380
    SUMMIT FUNDING, INC. 9 6.53% $10,195
    Carrington Mortgage Services, LLC 8 6.28% $13,763
    LAKEVIEW LOAN SERVICING, LLC 7 6.30% $7,814
    Paramount Residential Mortgage Group, Inc. 7 6.82% $12,133
    Lakeview Community Capital, LLC 7 6.48% $6,732
    AMERICAN FINANCIAL RESOURCES, INC. 6 6.90% $8,507
    V.I.P. MORTGAGE, INC. 6 6.35% $9,763
    Century Mortgage Company DBA Century Lending Company 6 6.15% $12,458
    First Horizon Bank 6 6.32% $10,740
    Network Funding, L.P. 6 6.94% $8,599
    MORTGAGE SOLUTIONS OF COLORADO, LLC 5 6.93% $9,669
    Hometown Equity Mortgage, LLC 5 6.73% $13,362
    ZILLOW HOME LOANS, LLC 5 5.78% $13,639
    UNION HOME MORTGAGE CORP. 5 6.65% $9,174
    MORTGAGE FINANCIAL SERVICES, LLC 5 6.17% $10,178
    EMM LOANS LLC 5 6.23% $13,206
    Nations Lending Corporation 5 6.65% $5,722
    First Option Mortgage, LLC 4 6.97% $9,213
    Mortgage Research Center, LLC 4 7.22% $5,760
    GUARANTEED RATE, INC. 4 6.87% $13,003
    INSPIRE HOME LOANS INC. 4 5.41% $10,636
    The Loan Store, Inc. 4 6.06% $15,317
    ROYAL UNITED MORTGAGE LLC 4 6.38% $14,201
    Barrington Bank & Trust Company, N.A. 4 6.88% $10,507
    TOWNE MORTGAGE COMPANY 4 6.84% $12,968
    DAS Acquisition Company, LLC 4 6.56% $8,303
    Merchants & Marine Bank 3 6.75% $8,353
    The Federal Savings Bank 3 6.21% $18,339
    PRIMELENDING, A PLAINSCAPITAL COMPANY 3 6.19% $8,146
    T2 FINANCIAL LLC 3 5.96% $10,745
    NORWICH COMMERCIAL GROUP, INC. 2 5.69% $10,127
    JPMorgan Chase Bank 2 5.81% $8,242
    BAY EQUITY LLC 2 5.69% $13,627
    TOP FLITE FINANCIAL, INC. 2 7.06% $25,093
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 2 6.69% $9,900
    NEW DAY FINANCIAL, LLC 1 7.38% $4,707
    AMERICAN FINANCING CORPORATION 1 4.99% $15,387
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 5.50% $12,402
    America's Mortgage Resource, Inc. 1 5.99% $3,006
    Bank of England 1 5.75% $9,880
    BECKAM FUNDING CORP. 1 7.75% $13,909
    CHURCHILL MORTGAGE CORPORATION 1 7.25% $13,457
    Citizens Bank 1 6.75% $13,755
    CITYWIDE HOME LOANS, LLC 1 5.88% $10,217
    EVANSVILLE TEACHERS 1 6.25% $6,781
    EVERETT FINANCIAL, INC. 1 6.63% $11,915
    Goldwater Bank, N.A. 1 6.63% $10,387
    HOMEXPRESS MORTGAGE CORP. 1 7.88% $7,483
    KINECTA 1 6.13% $9,761
    Magnolia Bank 1 6.49% $11,170
    MEMBER FIRST MORTGAGE, LLC 1 6.13% $7,228
    MICHIGAN MUTUAL, INC. 1 7.75% $6,285
    MORTGAGE ACCESS CORP. 1 5.63% $9,003
    NBKC BANK 1 5.63% $11,009
    ALLIED MORTGAGE GROUP, INC. 1 6.13% $9,249
    Northpointe Bank 1 6.25% $6,964
    OCEANSIDE MORTGAGE COMPANY 1 6.25% $5,593
    PHH Mortgage Corporation 1 5.49% $7,627
    Plains Commerce Bank 1 7.25% $12,308
    Prosperity Home Mortgage, LLC 1 4.75% $19,779
    RELIANCE FIRST CAPITAL, LLC 1 6.50% $15,666
    SeaTrust Mortgage Company 1 6.63% $8,466
    STOCKTON MORTGAGE CORPORATION 1 6.00% $8,559
    Summit Mortgage Corporation 1 6.88% $7,808
    SWBC MORTGAGE CORPORATION 1 6.00% $4,335
    Towne Bank 1 6.25% $10,462
    Trustmark National Bank 1 6.38% $4,813
    U.S. Bank 1 6.38% $17,887
    Wells Fargo Bank 1 6.88% $6,957

    The top Baton Rouge FHA lender as defined by loan originations is GMFS LLC, with 347 FHA loans originated. Their average total fees are $7,141, which is $4,781 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Baton Rouge FHA lenders (with over 10 loans originated) are VILLAGE CAPITAL MORTGAGE ($5,287), DSLD MORTGAGE, LLC ($5,629), AmeriHome Mortgage Company, LLC ($5,738), ARK-LA-TEX FINANCIAL SERVICES, LLC. ($6,359) and PLANET HOME LENDING, LLC ($7,093).

    The lowest rate Baton Rouge FHA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (4.84%), DSLD MORTGAGE, LLC (5.99%), AMERISAVE MORTGAGE CORPORATION (6.01%), PENNYMAC LOAN SERVICES, LLC (6.02%) and Hancock Whitney Bank (6.03%).

    Baton Rouge FHA Loan Limits

    Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
    BATON ROUGE, LA ASCENSION 2022 $420,680 $538,650 $651,050 $809,150
    BATON ROUGE, LA ASSUMPTION 2022 $420,680 $538,650 $651,050 $809,150
    BATON ROUGE, LA EAST BATON ROUG 2022 $420,680 $538,650 $651,050 $809,150
    BATON ROUGE, LA EAST FELICIANA 2022 $420,680 $538,650 $651,050 $809,150
    BATON ROUGE, LA IBERVILLE 2022 $420,680 $538,650 $651,050 $809,150
    BATON ROUGE, LA LIVINGSTON 2022 $420,680 $538,650 $651,050 $809,150
    BATON ROUGE, LA POINTE COUPEE 2022 $420,680 $538,650 $651,050 $809,150
    BATON ROUGE, LA ST. HELENA 2022 $420,680 $538,650 $651,050 $809,150
    BATON ROUGE, LA WEST BATON ROUG 2022 $420,680 $538,650 $651,050 $809,150
    BATON ROUGE, LA WEST FELICIANA 2022 $420,680 $538,650 $651,050 $809,150
    BATON ROUGE, LA ASCENSION 2023 $472,030 $604,400 $730,525 $907,900
    BATON ROUGE, LA ASSUMPTION 2023 $472,030 $604,400 $730,525 $907,900
    BATON ROUGE, LA EAST BATON ROUG 2023 $472,030 $604,400 $730,525 $907,900
    BATON ROUGE, LA EAST FELICIANA 2023 $472,030 $604,400 $730,525 $907,900
    BATON ROUGE, LA IBERVILLE 2023 $472,030 $604,400 $730,525 $907,900
    BATON ROUGE, LA LIVINGSTON 2023 $472,030 $604,400 $730,525 $907,900
    BATON ROUGE, LA POINTE COUPEE 2023 $472,030 $604,400 $730,525 $907,900
    BATON ROUGE, LA ST. HELENA 2023 $472,030 $604,400 $730,525 $907,900
    BATON ROUGE, LA WEST BATON ROUG 2023 $472,030 $604,400 $730,525 $907,900
    BATON ROUGE, LA WEST FELICIANA 2023 $472,030 $604,400 $730,525 $907,900

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Baton Rouge (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 $225,000 (2.7%) $302,787 (3.0%) 0.83 3,172
    2018-02-01 $225,793 (5.0%) $303,625 (3.2%) 0.82 3,193
    2018-03-01 $234,900 (6.8%) $310,914 (3.3%) 0.82 3,430
    2018-04-01 $238,504 (6.0%) $313,980 (2.4%) 0.81 3,507
    2018-05-01 $240,700 (5.1%) $315,601 (1.2%) 0.80 3,665
    2018-06-01 $245,000 (7.0%) $316,128 (2.3%) 0.82 3,884
    2018-07-01 $239,900 (4.8%) $309,907 (0.8%) 0.80 4,012
    2018-08-01 $239,900 (5.5%) $308,314 (1.7%) 0.80 4,038
    2018-09-01 $239,900 (5.9%) $306,124 (1.1%) 0.81 4,014
    2018-10-01 $236,430 (3.5%) $303,515 (-0.1%) 0.80 4,092
    2018-11-01 $237,735 (4.7%) $302,359 (-0.8%) 0.81 4,066
    2018-12-01 $236,150 (5.0%) $299,534 (-1.2%) 0.81 4,017
    2019-01-01 $238,461 (6.0%) $302,152 (-0.2%) 0.82 3,861
    2019-02-01 $239,700 (6.2%) $301,575 (-0.7%) 0.81 3,955
    2019-03-01 $242,137 (3.1%) $307,802 (-1.0%) 0.79 3,998
    2019-04-01 $247,000 (3.6%) $314,846 (0.3%) 0.78 4,057
    2019-05-01 $249,900 (3.8%) $316,437 (0.3%) 0.78 4,091
    2019-06-01 $249,999 (2.0%) $317,220 (0.4%) 0.78 4,190
    2019-07-01 $248,691 (3.7%) $313,687 (1.2%) 0.78 4,246
    2019-08-01 $246,836 (2.9%) $312,430 (1.3%) 0.78 4,265
    2019-09-01 $245,241 (2.2%) $310,459 (1.4%) 0.78 4,227
    2019-10-01 $243,475 (3.0%) $309,146 (1.9%) 0.79 4,201
    2019-11-01 $241,095 (1.4%) $307,892 (1.8%) 0.79 4,153
    2019-12-01 $239,950 (1.6%) $305,002 (1.8%) 0.80 3,981
    2020-01-01 $239,900 (0.6%) $307,245 (1.7%) 0.80 3,806
    2020-02-01 $241,000 (0.5%) $309,783 (2.7%) 0.79 3,821
    2020-03-01 $249,000 (2.8%) $316,647 (2.9%) 0.78 3,836
    2020-04-01 $246,025 (-0.4%) $314,833 (0.0%) 0.77 3,832
    2020-05-01 $252,420 (1.0%) $324,657 (2.6%) 0.77 3,655
    2020-06-01 $259,950 (4.0%) $337,001 (6.2%) 0.77 3,393
    2020-07-01 $263,425 (5.9%) $338,955 (8.1%) 0.76 3,276
    2020-08-01 $268,280 (8.7%) $346,906 (11.0%) 0.77 3,006
    2020-09-01 $275,000 (12.1%) $354,504 (14.2%) 0.79 2,849
    2020-10-01 $273,900 (12.5%) $355,158 (14.9%) 0.78 2,578
    2020-11-01 $270,495 (12.2%) $356,804 (15.9%) 0.79 2,518
    2020-12-01 $270,495 (12.7%) $360,342 (18.1%) 0.80 2,433
    2021-01-01 $269,900 (12.5%) $366,043 (19.1%) 0.81 2,234
    2021-02-01 $280,000 (16.2%) $383,660 (23.9%) 0.82 1,946
    2021-03-01 $287,945 (15.6%) $387,907 (22.5%) 0.82 1,776
    2021-04-01 $300,400 (22.1%) $407,532 (29.4%) 0.81 1,625
    2021-05-01 $310,000 (22.8%) $418,791 (29.0%) 0.82 1,536
    2021-06-01 $306,830 (18.0%) $419,574 (24.5%) 0.81 1,530
    2021-07-01 $300,000 (13.9%) $412,993 (21.8%) 0.79 1,593
    2021-08-01 $299,445 (11.6%) $405,705 (17.0%) 0.80 1,613
    2021-09-01 $299,947 (9.1%) $406,804 (14.8%) 0.80 1,511
    2021-10-01 $299,000 (9.2%) $404,565 (13.9%) 0.80 1,444
    2021-11-01 $315,000 (16.5%) $414,970 (16.3%) 0.84 1,347
    2021-12-01 $326,168 (20.6%) $422,717 (17.3%) 0.88 1,220
    2022-01-01 $329,995 (22.3%) $433,119 (18.3%) 0.89 1,100
    2022-02-01 $337,225 (20.4%) $456,064 (18.9%) 0.88 1,012
    2022-03-01 $346,275 (20.3%) $476,550 (22.9%) 0.87 995
    2022-04-01 $340,000 (13.2%) $479,521 (17.7%) 0.81 1,049
    2022-05-01 $325,700 (5.1%) $453,946 (8.4%) 0.74 1,234
    2022-06-01 $326,900 (6.5%) $444,522 (6.0%) 0.73 1,429
    2022-07-01 $325,000 (8.3%) $427,118 (3.4%) 0.73 1,740
    2022-08-01 $323,000 (7.9%) $421,922 (4.0%) 0.75 1,907
    2022-09-01 $324,968 (8.3%) $420,356 (3.3%) 0.76 1,977
    2022-10-01 $324,900 (8.7%) $418,547 (3.5%) 0.76 2,033
    2022-11-01 $320,938 (1.9%) $415,400 (0.1%) 0.77 2,136
    2022-12-01 $320,000 (-1.9%) $416,382 (-1.5%) 0.79 2,053
    2023-01-01 $323,245 (-2.1%) $415,489 (-4.1%) 0.80 1,885
    2023-02-01 $324,350 (-3.8%) $417,156 (-8.5%) 0.78 1,901
    2023-03-01 $325,000 (-6.1%) $416,064 (-12.7%) 0.77 1,915
    2023-04-01 $329,000 (-3.2%) $417,726 (-12.9%) 0.77 1,937
    2023-05-01 $334,000 (2.6%) $435,291 (-4.1%) 0.76 2,010
    2023-06-01 $335,000 (2.5%) $441,301 (-0.7%) 0.75 2,034
    2023-07-01 $325,000 (0.0%) $434,272 (1.7%) 0.74 2,145
    2023-08-01 $319,950 (-0.9%) $426,371 (1.1%) 0.73 2,285
    2023-09-01 $310,000 (-4.6%) $415,492 (-1.2%) 0.72 2,384
    2023-10-01 $301,912 (-7.1%) $403,396 (-3.6%) 0.71 2,550
    2023-11-01 $299,990 (-6.5%) $399,426 (-3.9%) 0.71 2,577
    2023-12-01 $299,000 (-6.6%) $395,607 (-5.0%) 0.73 2,532
    2024-01-01 $294,900 (-8.8%) $393,091 (-5.4%) 0.72 2,461
    2024-02-01 $299,450 (-7.7%) $400,653 (-4.0%) 0.72 2,373
    2024-03-01 $305,000 (-6.2%) $406,012 (-2.4%) 0.72 2,435
    2024-04-01 $312,500 (-5.0%) $413,422 (-1.0%) 0.73 2,489
    2024-05-01 $315,720 (-5.5%) $418,672 (-3.8%) 0.72 2,558
    2024-06-01 $313,685 (-6.4%) $406,900 (-7.8%) 0.71 2,718
    2024-07-01 $312,495 (-3.9%) $402,718 (-7.3%) 0.71 2,848
    2024-08-01 $301,995 (-5.6%) $394,293 (-7.5%) 0.70 2,975
    2024-09-01 $306,675 (-1.1%) $397,480 (-4.3%) 0.72 2,926
    2024-10-01 $299,950 (-0.7%) $392,126 (-2.8%) 0.71 2,997
    2024-11-01 $299,000 (-0.3%) $391,644 (-2.0%) 0.72 3,000
    2024-12-01 $296,975 (-0.7%) $386,849 (-2.2%) 0.74 2,943
    2025-01-01 $295,656 (0.3%) $389,727 (-0.9%) 0.74 2,782
    2025-02-01 $296,675 (-0.9%) $394,916 (-1.4%) 0.72 2,803
    2025-03-01 $299,990 (-1.6%) $399,035 (-1.7%) 0.71 2,858
    2025-04-01 $305,000 (-2.4%) $399,697 (-3.3%) 0.71 2,916
    2025-05-01 $305,000 (-3.4%) $399,530 (-4.6%) 0.69 3,084
    Baton Rouge's median listing price for 2025-05-01 was $305,000, a difference of $-10,720 (-3.4%) versus the prior year and $0 versus the prior month.

    Baton Rouge's median listing price comes in at 69% of the national average.

    Baton Rouge's average listing price for 2025-05-01 was $399,530, a difference of $-19,142 (-4.6%) versus the prior year and $-167 versus the prior month.

    For the 2025-05-01 period, Baton Rouge had 3,084 MLS listings, a difference of 168 listings (6%) versus the prior month and 526 listings (21%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Baton Rouge (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 82 days 1,881 sqft
    2018-02-01 80 days 1,878 sqft
    2018-03-01 57 days 1,908 sqft
    2018-04-01 56 days 1,944 sqft
    2018-05-01 59 days 1,950 sqft
    2018-06-01 59 days 1,966 sqft
    2018-07-01 63 days 1,955 sqft
    2018-08-01 68 days 1,952 sqft
    2018-09-01 72 days 1,945 sqft
    2018-10-01 77 days 1,933 sqft
    2018-11-01 81 days 1,928 sqft
    2018-12-01 87 days 1,910 sqft
    2019-01-01 91 days 1,912 sqft
    2019-02-01 83 days 1,913 sqft
    2019-03-01 72 days 1,930 sqft
    2019-04-01 66 days 1,949 sqft
    2019-05-01 66 days 1,972 sqft
    2019-06-01 69 days 1,973 sqft
    2019-07-01 72 days 1,943 sqft
    2019-08-01 73 days 1,933 sqft
    2019-09-01 77 days 1,928 sqft
    2019-10-01 80 days 1,921 sqft
    2019-11-01 86 days 1,914 sqft
    2019-12-01 94 days 1,902 sqft
    2020-01-01 97 days 1,880 sqft
    2020-02-01 87 days 1,912 sqft
    2020-03-01 68 days 1,925 sqft
    2020-04-01 75 days 1,914 sqft
    2020-05-01 85 days 1,943 sqft
    2020-06-01 86 days 1,982 sqft
    2020-07-01 69 days 1,989 sqft
    2020-08-01 66 days 2,007 sqft
    2020-09-01 68 days 2,051 sqft
    2020-10-01 73 days 2,014 sqft
    2020-11-01 72 days 2,005 sqft
    2020-12-01 72 days 1,992 sqft
    2021-01-01 75 days 1,974 sqft
    2021-02-01 74 days 2,010 sqft
    2021-03-01 58 days 2,011 sqft
    2021-04-01 55 days 2,055 sqft
    2021-05-01 51 days 2,069 sqft
    2021-06-01 47 days 2,035 sqft
    2021-07-01 43 days 2,032 sqft
    2021-08-01 47 days 2,020 sqft
    2021-09-01 60 days 2,022 sqft
    2021-10-01 65 days 2,012 sqft
    2021-11-01 59 days 2,059 sqft
    2021-12-01 66 days 2,075 sqft
    2022-01-01 71 days 2,069 sqft
    2022-02-01 61 days 2,079 sqft
    2022-03-01 44 days 2,111 sqft
    2022-04-01 37 days 2,077 sqft
    2022-05-01 37 days 2,045 sqft
    2022-06-01 37 days 2,038 sqft
    2022-07-01 38 days 2,012 sqft
    2022-08-01 49 days 2,011 sqft
    2022-09-01 58 days 2,010 sqft
    2022-10-01 65 days 2,010 sqft
    2022-11-01 67 days 2,010 sqft
    2022-12-01 80 days 2,010 sqft
    2023-01-01 88 days 2,002 sqft
    2023-02-01 86 days 2,007 sqft
    2023-03-01 65 days 2,004 sqft
    2023-04-01 61 days 2,013 sqft
    2023-05-01 60 days 2,033 sqft
    2023-06-01 61 days 2,023 sqft
    2023-07-01 58 days 1,993 sqft
    2023-08-01 58 days 1,984 sqft
    2023-09-01 60 days 1,961 sqft
    2023-10-01 63 days 1,931 sqft
    2023-11-01 69 days 1,915 sqft
    2023-12-01 79 days 1,894 sqft
    2024-01-01 90 days 1,884 sqft
    2024-02-01 87 days 1,909 sqft
    2024-03-01 64 days 1,930 sqft
    2024-04-01 61 days 1,947 sqft
    2024-05-01 61 days 1,961 sqft
    2024-06-01 59 days 1,927 sqft
    2024-07-01 60 days 1,909 sqft
    2024-08-01 65 days 1,900 sqft
    2024-09-01 73 days 1,904 sqft
    2024-10-01 75 days 1,887 sqft
    2024-11-01 81 days 1,881 sqft
    2024-12-01 86 days 1,866 sqft
    2025-01-01 95 days 1,860 sqft
    2025-02-01 94 days 1,872 sqft
    2025-03-01 78 days 1,878 sqft
    2025-04-01 66 days 1,892 sqft
    2025-05-01 64 days 1,906 sqft
    Baton Rouge's median listing age (time on market) for 2025-05-01 was 64 days. This is 5% longer than the same period one year ago.

    Baton Rouge's median square footage for active listings during the 2025-05-01 period was 1,906 sqft. One year prior, the average listing was 1,961 sqft.

    FHA Loan Requirements

  • Borrowers must have a steady employment history or worked for the same employer for the past two years.
  • Borrowers must have a valid Social Security number, lawful residency in the U.S. and be of legal age to sign a mortgage in your state.
  • Borrowers must pay a minimum down payment of 3.5 percent. The money may be gifted by a family member. (Traditional mortgages do not permit gifted down payments)
  • New FHA loans are only available for primary residence occupancy.
  • Borrowers must have a property appraisal from a FHA-approved appraiser.
  • Borrowers’ front-end ratio (mortgage payment plus HOA fees, property taxes, mortgage insurance, homeowners insurance) needs to be less than 31 percent of their gross income, typically. You may be able to get approved with as high a percentage as 40 percent. Your lender will be required to provide justification as to why they believe the mortgage presents an acceptable risk. The lender must include any compensating factors used for loan approval.
  • Borrowers’ debt to income ratio (mortgage plus all your monthly debt, i.e., credit card payment, car payment, student loans, etc.) needs to be less than 43 percent of their gross income, typically. You may be able to get approved with as high a percentage as 50 percent.
  • Borrowers must have a minimum credit score of 580 for maximum financing with a minimum down payment of 3.5 percent.
  • Borrowers must have a minimum credit score of 500-579 for maximum LTV of 90 percent with a minimum down payment of 10 percent.
  • Bborrowers must be two years out of bankruptcy and have re-established good credit. Exceptions can be made.
  • Typically borrowers must be three years out of foreclosure and have re-established good credit.
  • The purchased property must meet certain minimum standards at appraisal. If the home you are purchasing does not meet these standards and a seller will not agree to the required repairs, your only option is to pay for the required repairs at closing (to be held in escrow until the repairs are complete).