Houma FHA Loan Rates, Closing Costs & Stats

HOUMA-THIBODAUX, LA

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets
  • Loan Limits
  • Market Conditions & Pricing
  • Time on Market/Property Size

    • 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.

    Houma's 56 lenders originated 513 FHA loans during 2023. The total origination value was $104,415,000, with an average FHA loan value of $203,538.

    Houma FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Houma averaged 6.43% for the week of 2025-02-14, compared to the national average (all FHA variants) of 6.515% for the same period.

    Houma's average FHA mortgage closing costs are $7,222.

    The average rate for the prior week (2025-02-07) was 6.44% and one month ago for the week of 2025-01-10, the average rate was 6.41%.

    The average rate one year ago was 6.33%.

    For refis of the same type during the week of 2025-02-14, the average rate was 6.37%.

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

    Houma 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 Houma level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    UNITED WHOLESALE MORTGAGE, LLC 144 6.43% $10,209
    Assurance Financial Group, L.L.C. 77 6.43% $9,884
    DSLD MORTGAGE, LLC 43 6.21% $5,762
    QUICKEN LOANS, LLC 31 6.40% $8,570
    GMFS LLC 22 6.72% $7,322
    EUSTIS AND AMERICAN MORTGAGE COMPANY 20 6.33% $11,721
    NEWREZ LLC 14 6.15% $9,976
    Regions Bank 11 6.49% $8,867
    DHI MORTGAGE COMPANY, LTD. 11 5.40% $7,264
    FREEDOM MORTGAGE CORPORATION 9 6.93% $11,667
    Equity Prime Mortgage LLC 8 6.77% $9,186
    Citizens Bank 6 6.81% $7,550
    BROKER SOLUTIONS, INC. 6 6.96% $11,252
    PENNYMAC LOAN SERVICES, LLC 6 6.52% $7,983
    Hancock Whitney Bank 6 6.48% $7,969
    CARDINAL FINANCIAL 5 6.53% $7,399
    First Horizon Bank 4 6.07% $9,339
    LOANDEPOT.COM, LLC 4 5.96% $9,215
    Mr. Cooper ( Nationstar Mortgage ) 4 6.75% $11,122
    AMERICAN FINANCIAL RESOURCES, INC. 4 6.66% $8,351
    JPMorgan Chase Bank 3 6.08% $7,578
    Carrington Mortgage Services, LLC 3 6.83% $10,777
    CROSSCOUNTRY MORTGAGE, LLC 3 7.42% $9,232
    Flagstar Bank, FSB 3 6.71% $9,198
    GUARANTEED RATE, INC. 3 6.08% $8,309
    AMERICAN FINANCIAL NETWORK, INC. 3 7.38% $6,837
    Republic State Mortgage Co. 3 6.38% $6,865
    PRIMARY RESIDENTIAL MORTGAGE, INC. 2 7.69% $8,220
    GENEVA FINANCIAL, LLC 2 7.00% $12,904
    Plains Commerce Bank 2 6.25% $11,984
    STANDARD MORTGAGE CORPORATION 2 5.94% $8,791
    SUN WEST MORTGAGE COMPANY, INC. 2 6.50% $6,658
    TOP FLITE FINANCIAL, INC. 2 7.25% $18,278
    UNION HOME MORTGAGE CORP. 2 6.94% $7,947
    Network Funding, L.P. 2 7.06% $7,462
    AMERISAVE MORTGAGE CORPORATION 2 5.88% $10,355
    Northpointe Bank 1 6.25% $14,507
    BECKAM FUNDING CORP. 1 7.75% $11,703
    PLAZA HOME MORTGAGE, INC. 1 7.13% $9,358
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 7.25% $11,620
    Prosperity Home Mortgage, LLC 1 5.49% $10,454
    Bank of England 1 6.25% $12,233
    US MORTGAGE CORPORATION 1 7.13% $8,172
    SECURITYNATIONAL MORTGAGE COMPANY 1 7.38% $19,987
    SOUTHPOINT FINANCIAL SERVICES, INC. 1 6.88% $4,265
    Goldwater Bank, N.A. 1 6.75% $6,056
    INTERLINC MORTGAGE SERVICES, LLC 1 7.75% $4,512
    HOMEBRIDGE FINANCIAL SERVICES, INC. 1 6.88% $11,538
    America's Mortgage Resource, Inc. 1 7.26% $5,192
    Lakeview Community Capital, LLC 1 6.13% $7,438
    LAKEVIEW LOAN SERVICING, LLC 1 6.25% $9,478
    MORTGAGE FINANCIAL SERVICES, LLC 1 6.75% $6,920
    Mortgage Research Center, LLC 1 8.13% $12,646
    MOVEMENT MORTGAGE, LLC 1 7.13% $11,403
    FIRST COMMUNITY MORTGAGE, INC. 1 6.00% $13,783
    EVERETT FINANCIAL, INC. 1 6.50% $10,259

    The top Houma FHA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 144 FHA loans originated. Their average total fees are $10,209, which is $325 higher than the next largest lender, Assurance Financial Group, L.L.C..

    The lowest fee Houma FHA lenders (with over 10 loans originated) are DSLD MORTGAGE, LLC ($5,762), DHI MORTGAGE COMPANY, LTD. ($7,264), GMFS LLC ($7,322), QUICKEN LOANS, LLC ($8,570) and Regions Bank ($8,867).

    The lowest rate Houma FHA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (5.40%), NEWREZ LLC (6.15%), DSLD MORTGAGE, LLC (6.21%), EUSTIS AND AMERICAN MORTGAGE COMPANY (6.33%) and QUICKEN LOANS, LLC (6.40%).

    Houma FHA Loan Limits

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

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Houma (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 $174,975 (0.0%) $233,848 (4.9%) 0.65 907
    2018-02-01 $175,000 (0.0%) $237,046 (7.3%) 0.64 892
    2018-03-01 $176,500 (0.9%) $241,846 (7.4%) 0.62 866
    2018-04-01 $178,700 (1.7%) $246,735 (8.2%) 0.60 862
    2018-05-01 $179,000 (1.7%) $246,095 (6.2%) 0.60 860
    2018-06-01 $179,000 (-0.5%) $250,821 (5.3%) 0.60 871
    2018-07-01 $179,800 (0.0%) $249,952 (6.3%) 0.60 899
    2018-08-01 $180,000 (0.1%) $249,487 (4.6%) 0.60 924
    2018-09-01 $180,000 (0.6%) $243,788 (1.8%) 0.61 930
    2018-10-01 $182,500 (4.3%) $240,099 (0.2%) 0.62 912
    2018-11-01 $184,894 (7.1%) $240,858 (3.6%) 0.63 894
    2018-12-01 $185,000 (8.5%) $236,709 (2.4%) 0.64 883
    2019-01-01 $186,800 (6.8%) $238,070 (1.8%) 0.65 847
    2019-02-01 $187,475 (7.1%) $240,213 (1.3%) 0.63 850
    2019-03-01 $192,069 (8.8%) $242,968 (0.5%) 0.63 838
    2019-04-01 $194,948 (9.1%) $247,088 (0.1%) 0.62 833
    2019-05-01 $198,850 (11.1%) $254,539 (3.4%) 0.62 829
    2019-06-01 $199,000 (11.2%) $259,190 (3.3%) 0.62 835
    2019-07-01 $199,450 (10.9%) $263,117 (5.3%) 0.62 840
    2019-08-01 $199,273 (10.7%) $262,985 (5.4%) 0.63 831
    2019-09-01 $199,682 (10.9%) $264,164 (8.4%) 0.64 805
    2019-10-01 $200,000 (9.6%) $264,951 (10.4%) 0.65 788
    2019-11-01 $196,900 (6.5%) $259,372 (7.7%) 0.64 769
    2019-12-01 $193,450 (4.6%) $259,058 (9.4%) 0.65 742
    2020-01-01 $192,975 (3.3%) $257,621 (8.2%) 0.64 712
    2020-02-01 $192,000 (2.4%) $260,289 (8.4%) 0.63 709
    2020-03-01 $192,000 (0.0%) $266,491 (9.7%) 0.60 697
    2020-04-01 $192,144 (-1.4%) $270,514 (9.5%) 0.60 676
    2020-05-01 $199,900 (0.5%) $281,957 (10.8%) 0.61 604
    2020-06-01 $199,900 (0.5%) $283,655 (9.4%) 0.59 566
    2020-07-01 $195,500 (-2.0%) $276,606 (5.1%) 0.57 562
    2020-08-01 $198,000 (-0.6%) $279,151 (6.2%) 0.57 525
    2020-09-01 $195,000 (-2.3%) $284,356 (7.6%) 0.56 512
    2020-10-01 $188,000 (-6.0%) $284,850 (7.5%) 0.54 492
    2020-11-01 $196,950 (0.0%) $294,346 (13.5%) 0.58 481
    2020-12-01 $199,325 (3.0%) $304,972 (17.7%) 0.59 467
    2021-01-01 $198,750 (3.0%) $302,246 (17.3%) 0.59 441
    2021-02-01 $204,950 (6.7%) $302,501 (16.2%) 0.60 400
    2021-03-01 $220,926 (15.1%) $303,876 (14.0%) 0.63 376
    2021-04-01 $232,500 (21.0%) $320,328 (18.4%) 0.63 360
    2021-05-01 $229,950 (15.0%) $329,153 (16.7%) 0.61 316
    2021-06-01 $226,500 (13.3%) $334,828 (18.0%) 0.60 326
    2021-07-01 $225,000 (15.1%) $333,643 (20.6%) 0.59 318
    2021-08-01 $221,850 (12.1%) $331,206 (18.7%) 0.59 323
    2021-09-01 $219,950 (12.8%) $337,161 (18.6%) 0.59 282
    2021-10-01 $238,900 (27.1%) $372,184 (30.7%) 0.63 213
    2021-11-01 $248,350 (26.1%) $381,237 (29.5%) 0.66 195
    2021-12-01 $254,750 (27.8%) $402,511 (32.0%) 0.69 187
    2022-01-01 $250,000 (25.8%) $399,406 (32.2%) 0.68 170
    2022-02-01 $239,500 (16.9%) $378,177 (25.0%) 0.62 175
    2022-03-01 $259,200 (17.3%) $382,075 (25.7%) 0.65 181
    2022-04-01 $269,900 (16.1%) $389,043 (21.5%) 0.64 202
    2022-05-01 $288,000 (25.2%) $399,829 (21.5%) 0.66 221
    2022-06-01 $280,000 (23.6%) $379,507 (13.3%) 0.62 275
    2022-07-01 $269,900 (20.0%) $358,217 (7.4%) 0.61 331
    2022-08-01 $271,700 (22.5%) $348,883 (5.3%) 0.63 350
    2022-09-01 $260,000 (18.2%) $331,421 (-1.7%) 0.61 379
    2022-10-01 $255,000 (6.7%) $327,909 (-11.9%) 0.60 406
    2022-11-01 $252,384 (1.6%) $316,445 (-17.0%) 0.61 444
    2022-12-01 $250,000 (-1.9%) $313,838 (-22.0%) 0.62 507
    2023-01-01 $249,050 (-0.4%) $316,224 (-20.8%) 0.62 447
    2023-02-01 $249,725 (4.3%) $311,828 (-17.5%) 0.60 441
    2023-03-01 $256,875 (-0.9%) $320,334 (-16.2%) 0.61 436
    2023-04-01 $255,250 (-5.4%) $321,732 (-17.3%) 0.59 441
    2023-05-01 $249,225 (-13.5%) $317,175 (-20.7%) 0.57 498
    2023-06-01 $249,900 (-10.8%) $318,900 (-16.0%) 0.56 531
    2023-07-01 $249,950 (-7.4%) $316,344 (-11.7%) 0.57 584
    2023-08-01 $241,225 (-11.2%) $310,128 (-11.1%) 0.55 598
    2023-09-01 $240,000 (-7.7%) $305,607 (-7.8%) 0.56 630
    2023-10-01 $239,000 (-6.3%) $300,044 (-8.5%) 0.56 672
    2023-11-01 $238,500 (-5.5%) $298,775 (-5.6%) 0.57 683
    2023-12-01 $239,000 (-4.4%) $302,425 (-3.6%) 0.58 675
    2024-01-01 $236,750 (-4.9%) $302,066 (-4.5%) 0.58 639
    2024-02-01 $230,500 (-7.7%) $298,692 (-4.2%) 0.55 622
    2024-03-01 $230,500 (-10.3%) $295,200 (-7.9%) 0.54 646
    2024-04-01 $229,900 (-9.9%) $298,086 (-7.4%) 0.53 709
    2024-05-01 $229,450 (-7.9%) $301,440 (-5.0%) 0.52 734
    2024-06-01 $230,330 (-7.8%) $302,692 (-5.1%) 0.52 760
    2024-07-01 $234,475 (-6.2%) $299,855 (-5.2%) 0.54 791
    2024-08-01 $229,500 (-4.9%) $304,667 (-1.8%) 0.53 796
    2024-09-01 $229,500 (-4.4%) $306,372 (0.3%) 0.54 791
    2024-10-01 $232,500 (-2.7%) $307,009 (2.3%) 0.55 797
    2024-11-01 $235,000 (-1.5%) $304,274 (1.8%) 0.56 791
    2024-12-01 $234,975 (-1.7%) $304,909 (0.8%) 0.58 773
    2025-01-01 $229,225 (-3.2%) $305,280 (1.1%) 0.00 753
    Houma's median listing price for 2025-01-01 was $229,225, a difference of $-7,525 (-3.2%) versus the prior year and $-5,750 versus the prior month.

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

    Houma's average listing price for 2025-01-01 was $305,280, a difference of $3,214 (1.1%) versus the prior year and $371 versus the prior month.

    For the 2025-01-01 period, Houma had 753 MLS listings, a difference of -20 listings (-3%) versus the prior month and 114 listings (18%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Houma (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 110 days 2,458 sqft
    2018-02-01 107 days 2,491 sqft
    2018-03-01 112 days 1,949 sqft
    2018-04-01 84 days 1,865 sqft
    2018-05-01 81 days 1,895 sqft
    2018-06-01 81 days 1,939 sqft
    2018-07-01 82 days 1,965 sqft
    2018-08-01 85 days 1,991 sqft
    2018-09-01 87 days 1,982 sqft
    2018-10-01 88 days 1,974 sqft
    2018-11-01 92 days 1,938 sqft
    2018-12-01 101 days 1,939 sqft
    2019-01-01 109 days 1,972 sqft
    2019-02-01 106 days 1,993 sqft
    2019-03-01 87 days 2,013 sqft
    2019-04-01 84 days 2,042 sqft
    2019-05-01 85 days 2,106 sqft
    2019-06-01 84 days 2,124 sqft
    2019-07-01 88 days 2,217 sqft
    2019-08-01 88 days 2,360 sqft
    2019-09-01 88 days 2,516 sqft
    2019-10-01 88 days 2,647 sqft
    2019-11-01 92 days 2,642 sqft
    2019-12-01 98 days 2,654 sqft
    2020-01-01 104 days 2,664 sqft
    2020-02-01 96 days 2,681 sqft
    2020-03-01 89 days 2,669 sqft
    2020-04-01 93 days 2,698 sqft
    2020-05-01 102 days 2,754 sqft
    2020-06-01 110 days 2,800 sqft
    2020-07-01 94 days 2,734 sqft
    2020-08-01 79 days 2,712 sqft
    2020-09-01 78 days 2,723 sqft
    2020-10-01 82 days 2,711 sqft
    2020-11-01 83 days 2,771 sqft
    2020-12-01 86 days 2,835 sqft
    2021-01-01 91 days 2,751 sqft
    2021-02-01 84 days 2,723 sqft
    2021-03-01 59 days 2,781 sqft
    2021-04-01 66 days 2,923 sqft
    2021-05-01 73 days 3,074 sqft
    2021-06-01 69 days 2,974 sqft
    2021-07-01 69 days 2,999 sqft
    2021-08-01 64 days 2,927 sqft
    2021-09-01 79 days 2,939 sqft
    2021-10-01 88 days 3,113 sqft
    2021-11-01 93 days 3,146 sqft
    2021-12-01 87 days 3,218 sqft
    2022-01-01 86 days 3,140 sqft
    2022-02-01 68 days 3,091 sqft
    2022-03-01 56 days 3,077 sqft
    2022-04-01 44 days 3,012 sqft
    2022-05-01 54 days 3,023 sqft
    2022-06-01 38 days 2,895 sqft
    2022-07-01 45 days 2,778 sqft
    2022-08-01 60 days 2,748 sqft
    2022-09-01 70 days 2,626 sqft
    2022-10-01 71 days 2,680 sqft
    2022-11-01 73 days 2,618 sqft
    2022-12-01 70 days 2,480 sqft
    2023-01-01 33 days 1,802 sqft
    2023-02-01 56 days 1,835 sqft
    2023-03-01 84 days 1,898 sqft
    2023-04-01 88 days 1,906 sqft
    2023-05-01 78 days 1,865 sqft
    2023-06-01 71 days 1,855 sqft
    2023-07-01 77 days 1,838 sqft
    2023-08-01 84 days 1,833 sqft
    2023-09-01 87 days 1,820 sqft
    2023-10-01 93 days 1,820 sqft
    2023-11-01 98 days 1,813 sqft
    2023-12-01 99 days 1,821 sqft
    2024-01-01 105 days 1,806 sqft
    2024-02-01 105 days 1,783 sqft
    2024-03-01 95 days 1,800 sqft
    2024-04-01 72 days 1,784 sqft
    2024-05-01 72 days 1,800 sqft
    2024-06-01 75 days 1,811 sqft
    2024-07-01 86 days 1,783 sqft
    2024-08-01 87 days 1,781 sqft
    2024-09-01 94 days 1,780 sqft
    2024-10-01 102 days 1,782 sqft
    2024-11-01 108 days 1,784 sqft
    2024-12-01 114 days 1,783 sqft
    2025-01-01 0 days 1,785 sqft
    Houma's median listing age (time on market) for 2025-01-01 was 0 days. This is -100% shorter than the same period one year ago.

    Houma's median square footage for active listings during the 2025-01-01 period was 1,785 sqft. One year prior, the average listing was 1,806 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).