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).