Houma FHA Loan Rates, Closing Costs & Stats
HOUMA-THIBODAUX, 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.
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
-0.08%
for the week of 2024-11-29, compared to the national average (all FHA variants) of
0% for the same period.
Houma's average FHA mortgage closing costs are $7,222.
The average rate for the prior week (2024-11-22) was
6.41% and
one month ago for the week of 2024-10-25, the
average rate was 5.99%.
The average rate one year ago was 6.98%.
For refis of the same type during the week of 2024-11-29, the average rate
was -0.15%.
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.
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. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $174,900 (-0.1%) | $233,403 (4.8%) | 0.65 | 905 |
2018-02-01 | $174,975 (0.0%) | $236,777 (7.2%) | 0.64 | 890 |
2018-03-01 | $176,000 (0.6%) | $241,544 (7.4%) | 0.62 | 864 |
2018-04-01 | $178,200 (1.5%) | $246,481 (8.4%) | 0.60 | 860 |
2018-05-01 | $179,000 (2.0%) | $245,839 (6.3%) | 0.60 | 858 |
2018-06-01 | $179,000 (-0.5%) | $250,605 (5.4%) | 0.60 | 869 |
2018-07-01 | $179,600 (-0.1%) | $249,840 (6.5%) | 0.60 | 897 |
2018-08-01 | $180,000 (0.1%) | $249,435 (4.8%) | 0.60 | 923 |
2018-09-01 | $180,000 (0.6%) | $243,732 (1.9%) | 0.61 | 929 |
2018-10-01 | $181,875 (3.9%) | $240,038 (0.3%) | 0.62 | 911 |
2018-11-01 | $184,813 (7.2%) | $240,795 (3.8%) | 0.63 | 893 |
2018-12-01 | $185,000 (8.8%) | $236,641 (2.5%) | 0.64 | 882 |
2019-01-01 | $186,800 (6.8%) | $238,070 (2.0%) | 0.65 | 847 |
2019-02-01 | $187,475 (7.1%) | $240,213 (1.5%) | 0.63 | 850 |
2019-03-01 | $191,770 (9.0%) | $242,941 (0.6%) | 0.63 | 838 |
2019-04-01 | $194,574 (9.2%) | $247,027 (0.2%) | 0.62 | 832 |
2019-05-01 | $198,750 (11.0%) | $254,486 (3.5%) | 0.62 | 828 |
2019-06-01 | $198,750 (11.0%) | $259,143 (3.4%) | 0.62 | 834 |
2019-07-01 | $199,000 (10.8%) | $263,075 (5.3%) | 0.62 | 839 |
2019-08-01 | $198,909 (10.5%) | $262,942 (5.4%) | 0.63 | 830 |
2019-09-01 | $199,523 (10.9%) | $264,121 (8.4%) | 0.64 | 804 |
2019-10-01 | $200,000 (10.0%) | $264,908 (10.4%) | 0.65 | 787 |
2019-11-01 | $195,950 (6.0%) | $259,321 (7.7%) | 0.64 | 768 |
2019-12-01 | $193,450 (4.6%) | $259,005 (9.5%) | 0.65 | 741 |
2020-01-01 | $192,500 (3.1%) | $257,564 (8.2%) | 0.64 | 711 |
2020-02-01 | $192,000 (2.4%) | $260,235 (8.3%) | 0.63 | 708 |
2020-03-01 | $192,000 (0.1%) | $266,445 (9.7%) | 0.60 | 696 |
2020-04-01 | $192,144 (-1.3%) | $270,514 (9.5%) | 0.60 | 676 |
2020-05-01 | $199,900 (0.6%) | $281,929 (10.8%) | 0.61 | 603 |
2020-06-01 | $199,900 (0.6%) | $283,629 (9.5%) | 0.59 | 565 |
2020-07-01 | $195,500 (-1.8%) | $276,587 (5.1%) | 0.57 | 562 |
2020-08-01 | $198,000 (-0.5%) | $279,151 (6.2%) | 0.57 | 525 |
2020-09-01 | $195,000 (-2.3%) | $284,356 (7.7%) | 0.56 | 512 |
2020-10-01 | $188,000 (-6.0%) | $284,850 (7.5%) | 0.54 | 492 |
2020-11-01 | $196,950 (0.5%) | $294,346 (13.5%) | 0.58 | 481 |
2020-12-01 | $199,325 (3.0%) | $304,939 (17.7%) | 0.59 | 467 |
2021-01-01 | $198,750 (3.3%) | $302,246 (17.4%) | 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 (14.1%) | 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 (16.8%) | 0.61 | 316 |
2021-06-01 | $226,500 (13.3%) | $334,828 (18.1%) | 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 | $219,925 (12.8%) | $336,723 (18.4%) | 0.59 | 281 |
2021-10-01 | $238,000 (26.6%) | $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 (-1.6%) | 0.61 | 379 |
2022-10-01 | $255,000 (7.1%) | $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 | $231,615 (-7.3%) | $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 |
Houma's median listing price comes in at 55% of the national average.
Houma's average listing price for 2024-10-01 was $307,009, a difference of $6,965 (2.3%) versus the prior year and $637 versus the prior month.
For the 2024-10-01 period, Houma had 797 MLS listings, a difference of 6 listings (1%) versus the prior month and 125 listings (19%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Houma (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | 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 | 1,996 sqft |
2018-04-01 | 84 days | 1,892 sqft |
2018-05-01 | 81 days | 1,918 sqft |
2018-06-01 | 81 days | 1,973 sqft |
2018-07-01 | 82 days | 1,990 sqft |
2018-08-01 | 85 days | 2,008 sqft |
2018-09-01 | 87 days | 2,001 sqft |
2018-10-01 | 88 days | 1,988 sqft |
2018-11-01 | 92 days | 1,941 sqft |
2018-12-01 | 101 days | 1,969 sqft |
2019-01-01 | 109 days | 1,989 sqft |
2019-02-01 | 106 days | 1,999 sqft |
2019-03-01 | 87 days | 2,021 sqft |
2019-04-01 | 84 days | 2,049 sqft |
2019-05-01 | 85 days | 2,150 sqft |
2019-06-01 | 84 days | 2,152 sqft |
2019-07-01 | 88 days | 2,223 sqft |
2019-08-01 | 88 days | 2,368 sqft |
2019-09-01 | 88 days | 2,520 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 | 2,671 sqft |
2020-04-01 | 93 days | 2,703 sqft |
2020-05-01 | 102 days | 2,757 sqft |
2020-06-01 | 110 days | 2,803 sqft |
2020-07-01 | 94 days | 2,737 sqft |
2020-08-01 | 79 days | 2,714 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 | 2,836 sqft |
2021-01-01 | 91 days | 2,756 sqft |
2021-02-01 | 84 days | 2,724 sqft |
2021-03-01 | 59 days | 2,793 sqft |
2021-04-01 | 66 days | 2,926 sqft |
2021-05-01 | 73 days | 3,085 sqft |
2021-06-01 | 69 days | 2,984 sqft |
2021-07-01 | 69 days | 3,012 sqft |
2021-08-01 | 64 days | 2,930 sqft |
2021-09-01 | 79 days | 2,949 sqft |
2021-10-01 | 88 days | 3,126 sqft |
2021-11-01 | 93 days | 3,152 sqft |
2021-12-01 | 87 days | 3,235 sqft |
2022-01-01 | 86 days | 3,149 sqft |
2022-02-01 | 68 days | 3,098 sqft |
2022-03-01 | 56 days | 3,081 sqft |
2022-04-01 | 44 days | 3,014 sqft |
2022-05-01 | 54 days | 3,025 sqft |
2022-06-01 | 38 days | 2,915 sqft |
2022-07-01 | 45 days | 2,780 sqft |
2022-08-01 | 60 days | 2,751 sqft |
2022-09-01 | 70 days | 2,631 sqft |
2022-10-01 | 71 days | 2,681 sqft |
2022-11-01 | 73 days | 2,622 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 | 1,808 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 |
Houma's median square footage for active listings during the 2024-10-01 period was 1,782 sqft. One year prior, the average listing was 1,820 sqft.