Bogalusa FHA Loan Rates, Closing Costs & Stats
Bogalusa, 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.
Bogalusa's 25 lenders originated 67 FHA loans during 2023. The total origination value was $11,155,000, with an average FHA loan value of $166,493.
Bogalusa FHA Loans, 30 Year Fixed Rates
30 Year FHA mortgages in Bogalusa
averaged
0.09%
for the week of 2024-11-29, compared to the national average (all FHA variants) of
0% for the same period.
Bogalusa's average FHA mortgage closing costs are $6,532.
The average rate for the prior week (2024-11-22) was
6.38% and
one month ago for the week of 2024-10-25, the
average rate was 6.26%.
The average rate one year ago was 7.15%.
For refis of the same type during the week of 2024-11-29, the average rate
was 0.2%.
Bogalusa 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 Bogalusa level.
The top Bogalusa FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with
11 FHA loans originated. Their average total fees are
$7,991, which is $2,144
higher than the next largest lender,
GMFS LLC.
The lowest fee Bogalusa FHA lenders (with over 10 loans originated) are
QUICKEN LOANS, LLC ($7,991), .
The lowest rate Bogalusa FHA lenders (with over 10 loans originated) are
QUICKEN LOANS, LLC (6.06%), .
Bogalusa FHA Loan Limits
Metro | County | Year | Single Family Limit | 2 Family Limit | 3 Family Limit | 4 Family Limit |
---|---|---|---|---|---|---|
BOGALUSA, LA | WASHINGTON | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
BOGALUSA, LA | WASHINGTON | 2023 | $472,030 | $604,400 | $730,525 | $907,900 |
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Bogalusa (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $151,905 (-1.2%) | $246,158 (4.7%) | 0.00 | 122 |
2018-02-01 | $149,835 (5.0%) | $251,345 (11.0%) | 0.00 | 113 |
2018-03-01 | $149,900 (7.1%) | $249,910 (10.1%) | 0.00 | 119 |
2018-04-01 | $152,825 (17.6%) | $248,889 (8.7%) | 0.00 | 123 |
2018-05-01 | $154,665 (10.5%) | $248,325 (2.1%) | 0.00 | 128 |
2018-06-01 | $162,450 (8.3%) | $249,617 (-2.0%) | 0.00 | 123 |
2018-07-01 | $162,500 (9.1%) | $252,208 (5.0%) | 0.00 | 124 |
2018-08-01 | $169,900 (17.3%) | $254,821 (9.1%) | 0.00 | 117 |
2018-09-01 | $165,000 (11.9%) | $228,149 (-3.6%) | 0.00 | 121 |
2018-10-01 | $160,315 (9.1%) | $318,152 (36.8%) | 0.00 | 120 |
2018-11-01 | $160,858 (8.7%) | $331,648 (38.4%) | 0.00 | 118 |
2018-12-01 | $149,900 (-1.4%) | $343,483 (42.3%) | 0.00 | 120 |
2019-01-01 | $149,900 (-1.3%) | $323,370 (31.4%) | 0.00 | 128 |
2019-02-01 | $149,900 (0.0%) | $328,474 (30.7%) | 0.00 | 127 |
2019-03-01 | $158,471 (5.7%) | $330,272 (32.2%) | 0.00 | 121 |
2019-04-01 | $166,021 (8.6%) | $323,000 (29.8%) | 0.00 | 120 |
2019-05-01 | $159,225 (3.0%) | $302,529 (21.8%) | 0.00 | 124 |
2019-06-01 | $162,500 (0.0%) | $311,362 (24.7%) | 0.00 | 123 |
2019-07-01 | $168,150 (3.5%) | $322,426 (27.8%) | 0.00 | 116 |
2019-08-01 | $168,277 (-1.0%) | $319,152 (25.3%) | 0.00 | 119 |
2019-09-01 | $168,467 (2.1%) | $317,731 (39.3%) | 0.00 | 124 |
2019-10-01 | $164,286 (2.5%) | $292,712 (-8.0%) | 0.00 | 128 |
2019-11-01 | $164,300 (2.1%) | $228,747 (-31.0%) | 0.00 | 116 |
2019-12-01 | $160,000 (6.7%) | $233,126 (-32.1%) | 0.00 | 107 |
2020-01-01 | $158,750 (5.9%) | $241,398 (-25.4%) | 0.00 | 93 |
2020-02-01 | $160,000 (6.7%) | $243,824 (-25.8%) | 0.00 | 95 |
2020-03-01 | $172,697 (9.0%) | $237,894 (-28.0%) | 0.00 | 111 |
2020-04-01 | $167,798 (1.1%) | $235,228 (-27.2%) | 0.00 | 111 |
2020-05-01 | $162,076 (1.8%) | $228,166 (-24.6%) | 0.00 | 104 |
2020-06-01 | $165,000 (1.5%) | $235,780 (-24.3%) | 0.00 | 94 |
2020-07-01 | $175,825 (4.6%) | $245,850 (-23.8%) | 0.00 | 84 |
2020-08-01 | $176,453 (4.9%) | $241,656 (-24.3%) | 0.00 | 83 |
2020-09-01 | $175,000 (3.9%) | $244,145 (-23.2%) | 0.00 | 73 |
2020-10-01 | $174,000 (5.9%) | $252,434 (-13.8%) | 0.00 | 65 |
2020-11-01 | $193,500 (17.8%) | $262,888 (14.9%) | 0.00 | 56 |
2020-12-01 | $171,500 (7.2%) | $232,239 (-0.4%) | 0.00 | 63 |
2021-01-01 | $150,000 (-5.5%) | $210,275 (-12.9%) | 0.00 | 58 |
2021-02-01 | $143,500 (-10.3%) | $201,768 (-17.3%) | 0.00 | 54 |
2021-03-01 | $162,500 (-5.9%) | $247,751 (4.1%) | 0.00 | 43 |
2021-04-01 | $159,250 (-5.1%) | $230,746 (-1.9%) | 0.00 | 38 |
2021-05-01 | $180,000 (11.1%) | $240,372 (5.4%) | 0.00 | 42 |
2021-06-01 | $180,000 (9.1%) | $222,129 (-5.8%) | 0.00 | 53 |
2021-07-01 | $198,000 (12.6%) | $326,270 (32.7%) | 0.00 | 57 |
2021-08-01 | $199,750 (13.2%) | $343,399 (42.1%) | 0.00 | 53 |
2021-09-01 | $203,500 (16.3%) | $351,082 (43.8%) | 0.00 | 54 |
2021-10-01 | $208,800 (20.0%) | $357,500 (41.6%) | 0.00 | 51 |
2021-11-01 | $236,250 (22.1%) | $271,681 (3.3%) | 0.00 | 46 |
2021-12-01 | $215,000 (25.4%) | $235,252 (1.3%) | 0.00 | 46 |
2022-01-01 | $180,000 (20.0%) | $228,714 (8.8%) | 0.00 | 39 |
2022-02-01 | $172,500 (20.2%) | $223,511 (10.8%) | 0.00 | 35 |
2022-03-01 | $137,500 (-15.4%) | $208,321 (-15.9%) | 0.00 | 41 |
2022-04-01 | $170,000 (6.8%) | $211,114 (-8.5%) | 0.00 | 42 |
2022-05-01 | $215,000 (19.4%) | $266,366 (10.8%) | 0.00 | 46 |
2022-06-01 | $194,625 (8.1%) | $244,537 (10.1%) | 0.00 | 57 |
2022-07-01 | $198,750 (0.4%) | $254,009 (-22.2%) | 0.00 | 58 |
2022-08-01 | $173,500 (-13.1%) | $230,672 (-32.8%) | 0.00 | 64 |
2022-09-01 | $179,625 (-11.7%) | $243,934 (-30.5%) | 0.00 | 62 |
2022-10-01 | $192,000 (-8.1%) | $247,730 (-30.7%) | 0.00 | 72 |
2022-11-01 | $187,000 (-20.9%) | $239,116 (-12.0%) | 0.00 | 78 |
2022-12-01 | $179,863 (-16.3%) | $241,413 (2.6%) | 0.00 | 73 |
2023-01-01 | $199,875 (11.0%) | $255,251 (11.6%) | 0.00 | 64 |
2023-02-01 | $216,876 (25.7%) | $257,851 (15.4%) | 0.00 | 61 |
2023-03-01 | $222,500 (61.8%) | $269,061 (29.2%) | 0.00 | 62 |
2023-04-01 | $207,450 (22.0%) | $263,845 (25.0%) | 0.00 | 61 |
2023-05-01 | $199,900 (-7.0%) | $258,553 (-2.9%) | 0.00 | 61 |
2023-06-01 | $233,750 (20.1%) | $277,762 (13.6%) | 0.00 | 65 |
2023-07-01 | $210,000 (5.7%) | $261,639 (3.0%) | 0.00 | 82 |
2023-08-01 | $204,750 (18.0%) | $270,834 (17.4%) | 0.00 | 87 |
2023-09-01 | $230,000 (28.0%) | $277,134 (13.6%) | 0.00 | 84 |
2023-10-01 | $227,250 (18.4%) | $269,949 (9.0%) | 0.00 | 86 |
2023-11-01 | $200,500 (7.2%) | $258,175 (8.0%) | 0.00 | 88 |
2023-12-01 | $199,000 (10.6%) | $267,133 (10.7%) | 0.00 | 89 |
2024-01-01 | $203,850 (2.0%) | $258,600 (1.3%) | 0.00 | 85 |
2024-02-01 | $199,975 (-7.8%) | $253,550 (-1.7%) | 0.00 | 80 |
2024-03-01 | $232,500 (4.5%) | $277,166 (3.0%) | 0.00 | 77 |
2024-04-01 | $239,840 (15.6%) | $302,577 (14.7%) | 0.00 | 79 |
2024-05-01 | $236,090 (18.1%) | $286,549 (10.8%) | 0.00 | 102 |
2024-06-01 | $230,000 (-1.6%) | $276,721 (-0.4%) | 0.00 | 111 |
2024-07-01 | $208,250 (-0.8%) | $258,781 (-1.1%) | 0.00 | 122 |
2024-08-01 | $199,995 (-2.3%) | $255,750 (-5.6%) | 0.00 | 120 |
2024-09-01 | $200,000 (-13.0%) | $253,225 (-8.6%) | 0.00 | 117 |
2024-10-01 | $203,750 (-10.3%) | $250,210 (-7.3%) | 0.00 | 126 |
Bogalusa's median listing price comes in at 0% of the national average.
Bogalusa's average listing price for 2024-10-01 was $250,210, a difference of $-19,739 (-7.3%) versus the prior year and $-3,015 versus the prior month.
For the 2024-10-01 period, Bogalusa had 126 MLS listings, a difference of 9 listings (8%) versus the prior month and 40 listings (47%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Bogalusa (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,797 sqft |
2018-02-01 | 0 days | 1,794 sqft |
2018-03-01 | 0 days | 1,845 sqft |
2018-04-01 | 0 days | 1,855 sqft |
2018-05-01 | 0 days | 1,868 sqft |
2018-06-01 | 0 days | 1,966 sqft |
2018-07-01 | 0 days | 2,000 sqft |
2018-08-01 | 0 days | 1,927 sqft |
2018-09-01 | 0 days | 1,937 sqft |
2018-10-01 | 0 days | 1,990 sqft |
2018-11-01 | 0 days | 1,998 sqft |
2018-12-01 | 0 days | 1,853 sqft |
2019-01-01 | 0 days | 1,918 sqft |
2019-02-01 | 0 days | 1,983 sqft |
2019-03-01 | 0 days | 2,000 sqft |
2019-04-01 | 0 days | 2,000 sqft |
2019-05-01 | 0 days | 1,885 sqft |
2019-06-01 | 0 days | 1,944 sqft |
2019-07-01 | 0 days | 1,973 sqft |
2019-08-01 | 0 days | 1,931 sqft |
2019-09-01 | 0 days | 1,929 sqft |
2019-10-01 | 0 days | 1,927 sqft |
2019-11-01 | 0 days | 1,927 sqft |
2019-12-01 | 0 days | 1,923 sqft |
2020-01-01 | 0 days | 1,923 sqft |
2020-02-01 | 0 days | 1,929 sqft |
2020-03-01 | 0 days | 1,835 sqft |
2020-04-01 | 0 days | 1,826 sqft |
2020-05-01 | 0 days | 1,836 sqft |
2020-06-01 | 0 days | 1,851 sqft |
2020-07-01 | 0 days | 1,915 sqft |
2020-08-01 | 0 days | 1,915 sqft |
2020-09-01 | 0 days | 1,955 sqft |
2020-10-01 | 0 days | 2,009 sqft |
2020-11-01 | 0 days | 2,082 sqft |
2020-12-01 | 0 days | 1,968 sqft |
2021-01-01 | 0 days | 1,892 sqft |
2021-02-01 | 0 days | 1,885 sqft |
2021-03-01 | 0 days | 1,972 sqft |
2021-04-01 | 0 days | 1,701 sqft |
2021-05-01 | 0 days | 1,668 sqft |
2021-06-01 | 0 days | 1,615 sqft |
2021-07-01 | 0 days | 1,717 sqft |
2021-08-01 | 0 days | 1,836 sqft |
2021-09-01 | 0 days | 1,968 sqft |
2021-10-01 | 0 days | 1,847 sqft |
2021-11-01 | 0 days | 1,889 sqft |
2021-12-01 | 0 days | 1,717 sqft |
2022-01-01 | 0 days | 1,620 sqft |
2022-02-01 | 0 days | 1,597 sqft |
2022-03-01 | 0 days | 1,561 sqft |
2022-04-01 | 0 days | 1,785 sqft |
2022-05-01 | 0 days | 2,000 sqft |
2022-06-01 | 0 days | 1,904 sqft |
2022-07-01 | 0 days | 1,902 sqft |
2022-08-01 | 0 days | 1,799 sqft |
2022-09-01 | 0 days | 1,818 sqft |
2022-10-01 | 0 days | 1,800 sqft |
2022-11-01 | 0 days | 1,777 sqft |
2022-12-01 | 0 days | 1,646 sqft |
2023-01-01 | 0 days | 1,682 sqft |
2023-02-01 | 0 days | 1,773 sqft |
2023-03-01 | 0 days | 1,812 sqft |
2023-04-01 | 0 days | 1,834 sqft |
2023-05-01 | 0 days | 1,871 sqft |
2023-06-01 | 0 days | 1,931 sqft |
2023-07-01 | 0 days | 1,885 sqft |
2023-08-01 | 0 days | 1,882 sqft |
2023-09-01 | 0 days | 1,876 sqft |
2023-10-01 | 0 days | 1,933 sqft |
2023-11-01 | 0 days | 1,881 sqft |
2023-12-01 | 0 days | 1,850 sqft |
2024-01-01 | 0 days | 1,838 sqft |
2024-02-01 | 0 days | 1,755 sqft |
2024-03-01 | 0 days | 1,752 sqft |
2024-04-01 | 0 days | 1,871 sqft |
2024-05-01 | 0 days | 1,783 sqft |
2024-06-01 | 0 days | 1,732 sqft |
2024-07-01 | 0 days | 1,784 sqft |
2024-08-01 | 0 days | 1,708 sqft |
2024-09-01 | 0 days | 1,696 sqft |
2024-10-01 | 0 days | 1,710 sqft |
Bogalusa's median square footage for active listings during the 2024-10-01 period was 1,710 sqft. One year prior, the average listing was 1,933 sqft.