Deridder FHA Loan Rates, Closing Costs & Stats

DeRidder, 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.

    Deridder's 29 lenders originated 84 FHA loans during 2023. The total origination value was $16,440,000, with an average FHA loan value of $195,714.

    Deridder FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Deridder averaged 6.4% for the week of 2025-02-14, compared to the national average (all FHA variants) of 6.515% for the same period.

    Deridder's average FHA mortgage closing costs are $6,827.

    The average rate for the prior week (2025-02-07) was 6.41% and one month ago for the week of 2025-01-10, the average rate was 6.47%.

    The average rate one year ago was 6.6%.

    For refis of the same type during the week of 2025-02-14, the average rate was 6.52%.

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

    Deridder 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 Deridder level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    UNITED WHOLESALE MORTGAGE, LLC 21 6.98% $7,563
    EUSTIS AND AMERICAN MORTGAGE COMPANY 8 6.86% $6,771
    QUICKEN LOANS, LLC 7 6.05% $6,682
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 4 7.12% $6,140
    FREEDOM MORTGAGE CORPORATION 4 7.22% $8,302
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 3 7.21% $11,644
    FIDELITY BANK 3 6.57% $7,405
    Nations Lending Corporation 3 7.33% $8,015
    GMFS LLC 2 6.69% $9,853
    CARDINAL FINANCIAL 2 6.19% $17,036
    Chickasaw Community Bank 2 6.94% $8,130
    NTFN, INC. 2 6.81% $11,142
    Sabine State Bank and Trust Company 2 6.88% $10,655
    DAS Acquisition Company, LLC 1 7.25% $10,170
    AMERICAN FINANCIAL RESOURCES, INC. 1 7.25% $9,550
    Hancock Whitney Bank 1 5.75% $15,295
    MORTGAGE FINANCIAL SERVICES, LLC 1 5.63% $5,012
    Mr. Cooper ( Nationstar Mortgage ) 1 5.63% $11,207
    CROSSCOUNTRY MORTGAGE, LLC 1 6.75% $7,793
    NEWREZ LLC 1 7.75% $6,739
    T2 FINANCIAL LLC 1 6.63% $17,830
    PLAZA HOME MORTGAGE, INC. 1 6.25% $3,875
    Barrington Bank & Trust Company, N.A. 1 6.25% $21,093
    RELIANCE FIRST CAPITAL, LLC 1 7.25% $5,228
    Renasant Bank 1 7.13% $8,769
    RESIDENTIAL BANCORP 1 6.75% $19,955
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 6.63% $8,680
    Equity Prime Mortgage LLC 1 7.63% $6,280
    First Horizon Bank 1 5.25% $18,846

    The top Deridder FHA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 21 FHA loans originated. Their average total fees are $7,563, which is $792 higher than the next largest lender, EUSTIS AND AMERICAN MORTGAGE COMPANY.

    The lowest fee Deridder FHA lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC ($7,563), .

    The lowest rate Deridder FHA lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC (6.98%), .

    Deridder FHA Loan Limits

    Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
    DERIDDER, LA BEAUREGARD 2022 $420,680 $538,650 $651,050 $809,150
    DERIDDER, LA BEAUREGARD 2023 $472,030 $604,400 $730,525 $907,900

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Deridder (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 $173,475 (2.4%) $186,754 (1.8%) 0.00 234
    2018-02-01 $179,000 (5.8%) $188,240 (2.2%) 0.00 222
    2018-03-01 $172,950 (3.0%) $188,077 (-0.5%) 0.00 222
    2018-04-01 $179,500 (4.4%) $192,424 (1.4%) 0.00 228
    2018-05-01 $180,500 (3.2%) $193,180 (-2.5%) 0.00 219
    2018-06-01 $184,900 (3.7%) $194,450 (-3.8%) 0.00 211
    2018-07-01 $185,729 (6.1%) $200,908 (3.9%) 0.00 225
    2018-08-01 $184,850 (4.3%) $201,867 (0.9%) 0.00 238
    2018-09-01 $185,358 (5.9%) $203,658 (-1.0%) 0.00 232
    2018-10-01 $187,975 (7.4%) $204,279 (1.3%) 0.00 217
    2018-11-01 $181,500 (3.6%) $205,171 (3.7%) 0.00 208
    2018-12-01 $180,000 (2.9%) $207,765 (7.3%) 0.00 208
    2019-01-01 $180,725 (4.2%) $207,168 (10.9%) 0.00 191
    2019-02-01 $179,925 (0.5%) $203,693 (8.2%) 0.00 184
    2019-03-01 $183,943 (6.4%) $204,822 (8.9%) 0.00 174
    2019-04-01 $187,600 (4.5%) $205,700 (6.9%) 0.00 170
    2019-05-01 $179,750 (-0.4%) $213,673 (10.6%) 0.00 173
    2019-06-01 $185,000 (0.1%) $220,472 (13.4%) 0.00 181
    2019-07-01 $179,675 (-3.3%) $213,433 (6.2%) 0.00 175
    2019-08-01 $179,777 (-2.7%) $215,287 (6.7%) 0.00 176
    2019-09-01 $179,593 (-3.1%) $218,567 (7.3%) 0.00 170
    2019-10-01 $179,225 (-4.7%) $221,445 (8.4%) 0.00 161
    2019-11-01 $193,200 (6.5%) $226,643 (10.5%) 0.00 150
    2019-12-01 $198,375 (10.2%) $227,034 (9.3%) 0.00 145
    2020-01-01 $209,900 (16.1%) $234,806 (13.3%) 0.00 145
    2020-02-01 $204,950 (13.9%) $237,824 (16.8%) 0.00 133
    2020-03-01 $205,000 (11.5%) $241,129 (17.7%) 0.00 128
    2020-04-01 $200,475 (6.9%) $234,222 (13.9%) 0.00 134
    2020-05-01 $189,900 (5.7%) $202,395 (-5.3%) 0.00 138
    2020-06-01 $199,450 (7.8%) $210,694 (-4.4%) 0.00 140
    2020-07-01 $189,925 (5.7%) $214,259 (0.4%) 0.00 126
    2020-08-01 $200,500 (11.5%) $227,478 (5.7%) 0.00 117
    2020-09-01 $212,500 (18.3%) $228,050 (4.3%) 0.00 104
    2020-10-01 $187,900 (4.8%) $214,092 (-3.3%) 0.00 86
    2020-11-01 $171,750 (-11.1%) $208,747 (-7.9%) 0.00 78
    2020-12-01 $203,500 (2.6%) $230,953 (1.7%) 0.00 74
    2021-01-01 $185,600 (-11.6%) $213,425 (-9.1%) 0.00 58
    2021-02-01 $185,275 (-9.6%) $209,069 (-12.1%) 0.00 59
    2021-03-01 $169,000 (-17.6%) $201,461 (-16.5%) 0.00 49
    2021-04-01 $191,975 (-4.2%) $226,053 (-3.5%) 0.00 48
    2021-05-01 $187,450 (-1.3%) $210,748 (4.1%) 0.00 45
    2021-06-01 $156,750 (-21.4%) $235,430 (11.7%) 0.00 48
    2021-07-01 $170,000 (-10.5%) $287,726 (34.3%) 0.00 50
    2021-08-01 $165,125 (-17.6%) $285,767 (25.6%) 0.00 55
    2021-09-01 $179,900 (-15.3%) $277,903 (21.9%) 0.00 60
    2021-10-01 $168,000 (-10.6%) $281,857 (31.7%) 0.00 58
    2021-11-01 $168,500 (-1.9%) $282,639 (35.4%) 0.00 62
    2021-12-01 $168,750 (-17.1%) $278,931 (20.8%) 0.00 61
    2022-01-01 $187,250 (0.9%) $281,707 (32.0%) 0.00 55
    2022-02-01 $159,900 (-13.7%) $297,195 (42.2%) 0.00 47
    2022-03-01 $159,900 (-5.4%) $314,584 (56.2%) 0.00 40
    2022-04-01 $195,500 (1.8%) $337,785 (49.4%) 0.00 38
    2022-05-01 $212,225 (13.2%) $228,463 (8.4%) 0.00 58
    2022-06-01 $203,425 (29.8%) $219,084 (-6.9%) 0.00 67
    2022-07-01 $210,000 (23.5%) $225,004 (-21.8%) 0.00 78
    2022-08-01 $194,875 (18.0%) $215,265 (-24.7%) 0.00 96
    2022-09-01 $193,625 (7.6%) $216,934 (-21.9%) 0.00 98
    2022-10-01 $205,000 (22.0%) $229,065 (-18.7%) 0.00 97
    2022-11-01 $230,750 (36.9%) $256,696 (-9.2%) 0.00 101
    2022-12-01 $239,450 (41.9%) $276,650 (-0.8%) 0.00 94
    2023-01-01 $230,000 (22.8%) $273,304 (-3.0%) 0.00 90
    2023-02-01 $239,675 (49.9%) $268,468 (-9.7%) 0.00 98
    2023-03-01 $245,000 (53.2%) $268,670 (-14.6%) 0.00 91
    2023-04-01 $259,000 (32.5%) $277,646 (-17.8%) 0.00 95
    2023-05-01 $239,500 (12.9%) $254,750 (11.5%) 0.00 106
    2023-06-01 $237,500 (16.8%) $267,493 (22.1%) 0.00 109
    2023-07-01 $240,000 (14.3%) $276,369 (22.8%) 0.00 119
    2023-08-01 $273,000 (40.1%) $312,810 (45.3%) 0.00 135
    2023-09-01 $265,000 (36.9%) $338,889 (56.2%) 0.00 133
    2023-10-01 $275,000 (34.2%) $349,308 (52.5%) 0.00 136
    2023-11-01 $272,000 (17.9%) $349,372 (36.1%) 0.00 142
    2023-12-01 $277,000 (15.7%) $350,666 (26.8%) 0.00 138
    2024-01-01 $265,000 (15.2%) $346,932 (26.9%) 0.00 128
    2024-02-01 $274,000 (14.3%) $344,740 (28.4%) 0.00 128
    2024-03-01 $279,900 (14.2%) $353,639 (31.6%) 0.00 132
    2024-04-01 $285,000 (10.0%) $353,235 (27.2%) 0.00 143
    2024-05-01 $277,450 (15.9%) $350,616 (37.6%) 0.00 157
    2024-06-01 $271,250 (14.2%) $341,930 (27.8%) 0.00 160
    2024-07-01 $268,125 (11.7%) $326,479 (18.1%) 0.00 163
    2024-08-01 $259,900 (-4.8%) $325,001 (3.9%) 0.00 160
    2024-09-01 $254,700 (-3.9%) $310,128 (-8.5%) 0.00 161
    2024-10-01 $253,625 (-7.8%) $325,756 (-6.7%) 0.00 172
    2024-11-01 $260,000 (-4.4%) $330,626 (-5.4%) 0.00 178
    2024-12-01 $260,950 (-5.8%) $309,590 (-11.7%) 0.00 168
    2025-01-01 $249,675 (-5.8%) $307,380 (-11.4%) 0.00 159
    Deridder's median listing price for 2025-01-01 was $249,675, a difference of $-15,325 (-5.8%) versus the prior year and $-11,275 versus the prior month.

    Deridder's median listing price comes in at 0% of the national average.

    Deridder's average listing price for 2025-01-01 was $307,380, a difference of $-39,552 (-11.4%) versus the prior year and $-2,210 versus the prior month.

    For the 2025-01-01 period, Deridder had 159 MLS listings, a difference of -9 listings (-5%) versus the prior month and 31 listings (24%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Deridder (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 2,200 sqft
    2018-02-01 0 days 2,244 sqft
    2018-03-01 0 days 2,199 sqft
    2018-04-01 0 days 2,209 sqft
    2018-05-01 0 days 2,219 sqft
    2018-06-01 0 days 2,287 sqft
    2018-07-01 0 days 2,347 sqft
    2018-08-01 0 days 2,330 sqft
    2018-09-01 0 days 2,390 sqft
    2018-10-01 0 days 2,354 sqft
    2018-11-01 0 days 2,311 sqft
    2018-12-01 0 days 2,317 sqft
    2019-01-01 0 days 2,352 sqft
    2019-02-01 0 days 2,386 sqft
    2019-03-01 0 days 2,386 sqft
    2019-04-01 0 days 2,390 sqft
    2019-05-01 0 days 2,361 sqft
    2019-06-01 0 days 2,347 sqft
    2019-07-01 0 days 2,348 sqft
    2019-08-01 0 days 2,317 sqft
    2019-09-01 0 days 2,268 sqft
    2019-10-01 0 days 2,235 sqft
    2019-11-01 0 days 2,229 sqft
    2019-12-01 0 days 2,300 sqft
    2020-01-01 0 days 2,347 sqft
    2020-02-01 0 days 2,324 sqft
    2020-03-01 0 days 2,179 sqft
    2020-04-01 0 days 1,991 sqft
    2020-05-01 0 days 1,885 sqft
    2020-06-01 0 days 1,912 sqft
    2020-07-01 0 days 1,902 sqft
    2020-08-01 0 days 1,858 sqft
    2020-09-01 0 days 1,809 sqft
    2020-10-01 0 days 1,797 sqft
    2020-11-01 0 days 1,752 sqft
    2020-12-01 0 days 1,847 sqft
    2021-01-01 0 days 1,818 sqft
    2021-02-01 0 days 1,825 sqft
    2021-03-01 0 days 1,834 sqft
    2021-04-01 0 days 1,792 sqft
    2021-05-01 0 days 1,738 sqft
    2021-06-01 0 days 1,656 sqft
    2021-07-01 0 days 1,643 sqft
    2021-08-01 0 days 1,677 sqft
    2021-09-01 0 days 1,703 sqft
    2021-10-01 0 days 1,669 sqft
    2021-11-01 0 days 1,669 sqft
    2021-12-01 0 days 1,680 sqft
    2022-01-01 0 days 1,809 sqft
    2022-02-01 0 days 1,800 sqft
    2022-03-01 0 days 1,844 sqft
    2022-04-01 0 days 1,810 sqft
    2022-05-01 0 days 1,866 sqft
    2022-06-01 0 days 1,713 sqft
    2022-07-01 0 days 1,771 sqft
    2022-08-01 0 days 1,696 sqft
    2022-09-01 0 days 1,657 sqft
    2022-10-01 0 days 1,679 sqft
    2022-11-01 0 days 1,808 sqft
    2022-12-01 0 days 1,840 sqft
    2023-01-01 0 days 1,839 sqft
    2023-02-01 0 days 1,848 sqft
    2023-03-01 0 days 1,837 sqft
    2023-04-01 0 days 1,912 sqft
    2023-05-01 0 days 1,823 sqft
    2023-06-01 0 days 1,859 sqft
    2023-07-01 0 days 1,925 sqft
    2023-08-01 0 days 1,930 sqft
    2023-09-01 0 days 1,929 sqft
    2023-10-01 0 days 1,956 sqft
    2023-11-01 0 days 1,960 sqft
    2023-12-01 0 days 1,951 sqft
    2024-01-01 0 days 1,903 sqft
    2024-02-01 0 days 1,948 sqft
    2024-03-01 0 days 2,046 sqft
    2024-04-01 0 days 2,000 sqft
    2024-05-01 0 days 2,005 sqft
    2024-06-01 0 days 1,983 sqft
    2024-07-01 0 days 1,992 sqft
    2024-08-01 0 days 1,905 sqft
    2024-09-01 0 days 1,900 sqft
    2024-10-01 0 days 1,910 sqft
    2024-11-01 0 days 1,956 sqft
    2024-12-01 0 days 1,931 sqft
    2025-01-01 0 days 1,847 sqft
    Deridder's median listing age (time on market) for 2025-01-01 was 0 days.

    Deridder's median square footage for active listings during the 2025-01-01 period was 1,847 sqft. One year prior, the average listing was 1,903 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).