Baton Rouge FHA Loan Rates, Closing Costs & Stats
BATON ROUGE, LA
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
6.54%
for the week of 2025-07-18, compared to the national average (all FHA variants) of
6.527% for the same period.
Baton Rouge's average FHA mortgage closing costs are $7,654.
The average rate for the prior week (2025-07-11) was
6.54% and
one month ago for the week of 2025-06-13, the
average rate was 6.9%.
The average rate one year ago was 6.86%.
For refis of the same type during the week of 2025-07-18, the average rate
was 6.51%.
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 |
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).