Shreveport FHA Loans

SHREVEPORT-BOSSIER CITY, 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.

Shreveport's 110 lenders originated 2,640 FHA loans during 2021. The total origination value was $468,090,000, with an average FHA loan value of $177,307.

Shreveport FHA Loans, 30 Year Fixed Rates

30 Year FHA mortgages in Shreveport averaged 5.12% for the week of 2022-05-20, compared to the national average (all FHA variants) of 5.352% for the same period.

The average rate for the prior week (2022-05-13) was 5.12% and one month ago for the week of 2022-04-15, the average rate was 4.81%.

The average rate one year ago was 3.28%.

For refis of the same type during the week of 2022-05-20, the average rate was 4.96%.

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

Shreveport FHA Loan Lenders by Rates & Fees

The below table looks at the average fees and rates for FHA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Shreveport level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
PLANET HOME LENDING, LLC 171 3.73% $7,634
Home Federal Bank 153 3.35% $6,789
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 146 3.50% $7,305
EUSTIS AND AMERICAN MORTGAGE COMPANY 126 3.11% $7,223
CALIBER HOME LOANS, INC. 114 2.84% $5,883
FIDELITY BANK 114 3.23% $7,012
QUICKEN LOANS, LLC 114 2.78% $5,508
Mr. Cooper ( Nationstar Mortgage ) 72 3.43% $3,359
LAKEVIEW LOAN SERVICING, LLC 69 3.01% $4,284
SOUTHWEST FUNDING, LP 66 3.76% $9,847
MOVEMENT MORTGAGE, LLC 61 3.30% $6,240
NATIONS DIRECT MORTGAGE, LLC 59 3.08% $7,488
Goldwater Bank, N.A. 55 3.27% $7,074
Red River Bank 53 2.67% $6,131
UNITED WHOLESALE MORTGAGE, LLC 51 2.82% $6,894
THRIVE MORTGAGE, LLC 49 3.45% $8,355
HOMESPIRE MORTGAGE CORPORATION 46 3.55% $8,196
PENNYMAC LOAN SERVICES, LLC 42 2.95% $4,676
BancorpSouth Bank 39 3.05% $6,467
Carrington Mortgage Services, LLC 38 3.79% $6,848
FREEDOM MORTGAGE CORPORATION 38 2.95% $4,201
DSLD MORTGAGE, LLC 37 2.73% $5,016
UNION HOME MORTGAGE CORP. 36 3.54% $6,564
HOMEBRIDGE FINANCIAL SERVICES, INC. 34 2.84% $7,019
PLAZA HOME MORTGAGE, INC. 26 3.22% $6,279
VILLAGE CAPITAL & INVESTMENT LLC 23 2.99% $1,967
STANDARD MORTGAGE CORPORATION 22 2.51% $6,554
Assurance Financial Group, L.L.C. 19 2.99% $6,539
GMFS LLC 19 2.80% $6,071
Origin Bank 18 3.00% $6,817
Cross Keys Bank 16 2.73% $6,907
MID AMERICA MORTGAGE, INC. 16 3.07% $4,416
FirstTrust Home Loans, Inc. 15 3.08% $7,721
AmeriHome Mortgage Company, LLC 15 2.91% $4,311
NATIONS RELIABLE LENDING, LLC 13 3.47% $8,909
First Guaranty Mortgage Corporation 12 3.01% $5,158
NEWREZ LLC 12 2.92% $5,833
Regions Bank 12 3.21% $6,391
Lakeview Community Capital, LLC 10 2.92% $4,033
LOANDEPOT.COM, LLC 9 3.31% $7,783
BAYSHORE MORTGAGE FUNDING, LLC 8 3.80% $8,045
Equity Prime Mortgage LLC 8 3.19% $7,635
AMERICAN FINANCIAL NETWORK, INC. 8 3.22% $9,511
BARKSDALE 8 3.02% $6,951
GUILD MORTGAGE COMPANY 7 3.64% $7,466
PIERREMONT MORTGAGE, INC. 7 2.55% $4,386
SUN WEST MORTGAGE COMPANY, INC. 6 3.27% $6,394
HOME POINT FINANCIAL CORPORATION 6 2.56% $6,070
Austin Capital Bank SSB 6 3.56% $8,899
Barrington Bank & Trust Company, N.A. 6 3.17% $6,863
Citizens Bank 5 2.60% $8,449
AMERISAVE MORTGAGE CORPORATION 5 2.95% $7,846
Shamrock Home Loans, Inc. 5 3.60% $6,964
Gateway First Bank 4 3.66% $6,486
FBT Mortgage, L.L.C. 4 2.28% $7,600
PRIMARY RESIDENTIAL MORTGAGE, INC. 4 3.53% $6,358
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 4 3.19% $7,959
Mortgage Research Center, LLC 4 3.22% $4,428
GSF Mortgage Corporation 4 3.41% $10,724
UNITED SECURITY FINANCIAL CORP 3 3.12% $5,233
MORTGAGE FINANCIAL SERVICES, LLC 3 3.33% $6,532
TOWNE MORTGAGE COMPANY 3 3.17% $7,637
SWBC MORTGAGE CORPORATION 3 3.25% $5,472
SOUTHWEST STAGE FUNDING, LLC 3 2.79% $6,363
BROKER SOLUTIONS, INC. 3 2.87% $7,832
ZILLOW HOME LOANS, LLC 2 2.56% $10,850
First Savings Bank 2 3.19% $11,965
Flagstar Bank, FSB 2 2.63% $4,645
CMG MORTGAGE, INC. 2 3.06% $8,420
OCMBC, INC. 2 3.44% $5,882
OPEN MORTGAGE, LLC 2 3.75% $8,977
Bank of England 2 3.06% $10,846
ARK-LA-TEX FINANCIAL SERVICES, LLC. 2 3.56% $4,493
RESIDENTIAL BANCORP. 2 4.13% $7,984
Sabine State Bank and Trust Company 2 2.69% $10,037
AMERICAN PACIFIC MORTGAGE CORPORATION 2 3.25% $4,616
American Mortgage Bank, LLC 2 3.69% $7,077
Trustmark National Bank 2 3.00% $7,455
AMERICAN FINANCIAL RESOURCES, INC. 2 3.25% $4,870
Paramount Residential Mortgage Group, Inc. 1 3.13% $6,934
JPMorgan Chase Bank 1 3.25% $3,573
InterContinental Capital Group, Inc 1 3.00% $7,382
Plains Commerce Bank 1 2.63% $11,290
Wells Fargo Bank 1 2.88% $5,768
Hometown Equity Mortgage, LLC 1 3.75% $4,461
PREMIA MORTGAGE, LLC 1 2.75% $7,485
CIS Financial Services, Inc. 1 5.13% $3,611
AMERICAN FINANCING CORPORATION 1 3.13% $4,790
AmRes Corporation 1 2.88% $11,224
Gulf Coast Bank and Trust Company 1 2.88% $5,164
Renasant Bank 1 2.25% $5,120
DELMAR FINANCIAL COMPANY 1 3.13% $6,660
EMBRACE HOME LOANS, INC. 1 3.25% $4,021
GUARANTEED RATE, INC. 1 3.50% $5,755
COUNTRYPLACE MORTGAGE, LTD. 1 3.25% $7,608
CROSSCOUNTRY MORTGAGE, LLC 1 2.99% $9,163
FBC MORTGAGE, LLC 1 2.88% $6,696
Sunflower Bank 1 2.99% $7,755
DAS Acquisition Company, LLC 1 2.99% $6,991
AMCAP MORTGAGE, LTD. 1 4.50% $7,034
MIDLAND MORTGAGE CORPORATION 1 2.75% $5,157
BETTER MORTGAGE CORPORATION 1 3.13% $5,929
Capital Bank 1 2.38% $6,289
MICHIGAN MUTUAL, INC. 1 2.88% $4,315
NEW DAY FINANCIAL, LLC 1 3.75% $3,419
MEMBER ADVANTAGE MORTGAGE, LLC 1 3.25% $9,077
North American Savings Bank, F.S.B. 1 2.75% $4,053
Waterstone Mortgage Corporation 1 3.50% $8,614
FIRST COMMUNITY MORTGAGE, INC. 1 2.63% $7,636
Magnolia Bank 1 2.88% $13,536

The top Shreveport FHA lender as defined by loan originations is PLANET HOME LENDING, LLC, with 171 FHA loans originated. Their average total fees are $7,634, which is $845 higher than the next largest lender, Home Federal Bank.

The lowest fee Shreveport FHA lenders (with over 10 loans originated) are VILLAGE CAPITAL & INVESTMENT LLC ($1,967), Mr. Cooper ( Nationstar Mortgage ) ($3,359), Lakeview Community Capital, LLC ($4,033), FREEDOM MORTGAGE CORPORATION ($4,201) and LAKEVIEW LOAN SERVICING, LLC ($4,284).

The lowest rate Shreveport FHA lenders (with over 10 loans originated) are STANDARD MORTGAGE CORPORATION (2.51%), Red River Bank (2.67%), DSLD MORTGAGE, LLC (2.73%), Cross Keys Bank (2.73%) and QUICKEN LOANS, LLC (2.78%).

Shreveport FHA Loan Limits

Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
SHREVEPORT-BOSSIER CITY, LA BOSSIER 2022 $420,680 $538,650 $651,050 $809,150
SHREVEPORT-BOSSIER CITY, LA CADDO 2022 $420,680 $538,650 $651,050 $809,150
SHREVEPORT-BOSSIER CITY, LA DE SOTO 2022 $420,680 $538,650 $651,050 $809,150

Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Shreveport (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 $179,950 (1.3%) $230,330 (2.8%) 0.66 2,121
2018-02-01 $184,900 (1.3%) $233,506 (1.6%) 0.67 2,115
2018-03-01 $185,900 (1.1%) $235,982 (0.9%) 0.64 2,150
2018-04-01 $189,750 (2.0%) $240,864 (1.1%) 0.64 2,229
2018-05-01 $189,900 (0.6%) $243,926 (2.0%) 0.63 2,227
2018-06-01 $192,000 (2.0%) $245,885 (2.5%) 0.64 2,231
2018-07-01 $189,900 (2.2%) $244,666 (3.2%) 0.63 2,305
2018-08-01 $194,900 (5.5%) $243,579 (3.6%) 0.65 2,313
2018-09-01 $190,000 (4.4%) $242,643 (4.4%) 0.64 2,261
2018-10-01 $194,250 (7.7%) $244,416 (6.2%) 0.65 2,186
2018-11-01 $190,000 (5.6%) $241,650 (5.4%) 0.64 2,162
2018-12-01 $189,900 (5.6%) $239,877 (4.4%) 0.65 2,119
2019-01-01 $191,450 (6.4%) $238,730 (3.7%) 0.66 2,055
2019-02-01 $197,200 (6.7%) $239,903 (2.7%) 0.66 2,094
2019-03-01 $197,800 (6.4%) $242,855 (2.9%) 0.64 2,118
2019-04-01 $199,250 (5.0%) $246,880 (2.5%) 0.63 2,137
2019-05-01 $199,950 (5.3%) $249,624 (2.3%) 0.62 2,133
2019-06-01 $199,000 (3.7%) $245,850 (0.0%) 0.61 2,082
2019-07-01 $199,500 (5.1%) $246,292 (0.7%) 0.62 2,093
2019-08-01 $199,086 (2.2%) $244,499 (0.4%) 0.63 2,054
2019-09-01 $196,500 (3.4%) $242,073 (-0.2%) 0.62 1,984
2019-10-01 $193,500 (-0.4%) $242,760 (-0.7%) 0.62 1,980
2019-11-01 $189,900 (-0.1%) $239,370 (-0.9%) 0.61 1,937
2019-12-01 $189,000 (-0.5%) $237,326 (-1.1%) 0.63 1,899
2020-01-01 $189,000 (-1.3%) $239,094 (0.2%) 0.63 1,801
2020-02-01 $189,000 (-4.2%) $240,921 (0.4%) 0.61 1,767
2020-03-01 $192,888 (-2.5%) $246,753 (1.6%) 0.60 1,777
2020-04-01 $197,000 (-1.1%) $249,241 (1.0%) 0.61 1,755
2020-05-01 $199,900 (0.0%) $251,077 (0.6%) 0.61 1,641
2020-06-01 $208,000 (4.5%) $268,319 (9.1%) 0.61 1,368
2020-07-01 $208,500 (4.5%) $275,743 (12.0%) 0.60 1,319
2020-08-01 $199,900 (0.4%) $277,959 (13.7%) 0.57 1,249
2020-09-01 $199,999 (1.8%) $278,816 (15.2%) 0.57 1,196
2020-10-01 $198,500 (2.6%) $271,442 (11.8%) 0.57 1,159
2020-11-01 $188,900 (-0.5%) $267,236 (11.6%) 0.54 1,130
2020-12-01 $179,700 (-4.9%) $263,475 (11.0%) 0.53 1,054
2021-01-01 $178,000 (-5.8%) $260,643 (9.0%) 0.52 1,009
2021-02-01 $176,950 (-6.4%) $262,130 (8.8%) 0.51 859
2021-03-01 $169,450 (-12.2%) $261,699 (6.1%) 0.48 838
2021-04-01 $194,500 (-1.3%) $273,324 (9.7%) 0.52 416
2021-05-01 $179,999 (-10.0%) $254,587 (1.4%) 0.47 509
2021-06-01 $184,650 (-11.2%) $258,324 (-3.7%) 0.48 586
2021-07-01 $173,500 (-16.8%) $256,320 (-7.0%) 0.45 710
2021-08-01 $166,300 (-16.8%) $243,855 (-12.3%) 0.44 794
2021-09-01 $161,500 (-19.3%) $234,067 (-16.1%) 0.43 822
2021-10-01 $169,000 (-14.9%) $247,502 (-8.8%) 0.44 749
2021-11-01 $162,400 (-14.0%) $244,738 (-8.4%) 0.43 780
2021-12-01 $164,950 (-8.2%) $241,720 (-8.3%) 0.44 771
2022-01-01 $165,000 (-7.3%) $242,342 (-7.0%) 0.44 666
2022-02-01 $165,750 (-6.3%) $249,929 (-4.7%) 0.42 595
2022-03-01 $177,475 (4.7%) $272,869 (4.3%) 0.44 519
2022-04-01 $190,000 (-2.3%) $278,892 (2.0%) 0.45 509
Shreveport's median listing price for 2022-04-01 was $190,000, a difference of $-4,500 (-2.3%) versus the prior year and $12,525 versus the prior month.

Shreveport's median listing price comes in at 45% of the national average.

Shreveport's average listing price for 2022-04-01 was $278,892, a difference of $5,568 (2.0%) versus the prior year and $6,023 versus the prior month.

For the 2022-04-01 period, Shreveport had 509 MLS listings, a difference of -10 listings (-2%) versus the prior month and 93 listings (22%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Shreveport (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 91 days 1,855 sqft
2018-02-01 92 days 1,869 sqft
2018-03-01 72 days 1,874 sqft
2018-04-01 65 days 1,897 sqft
2018-05-01 66 days 1,905 sqft
2018-06-01 68 days 1,919 sqft
2018-07-01 71 days 1,923 sqft
2018-08-01 73 days 1,935 sqft
2018-09-01 79 days 1,940 sqft
2018-10-01 85 days 1,944 sqft
2018-11-01 89 days 1,920 sqft
2018-12-01 93 days 1,893 sqft
2019-01-01 94 days 1,886 sqft
2019-02-01 86 days 1,895 sqft
2019-03-01 70 days 1,904 sqft
2019-04-01 70 days 1,918 sqft
2019-05-01 71 days 1,919 sqft
2019-06-01 78 days 1,904 sqft
2019-07-01 79 days 1,904 sqft
2019-08-01 74 days 1,893 sqft
2019-09-01 74 days 1,876 sqft
2019-10-01 78 days 1,859 sqft
2019-11-01 80 days 1,848 sqft
2019-12-01 86 days 1,835 sqft
2020-01-01 88 days 1,829 sqft
2020-02-01 84 days 1,825 sqft
2020-03-01 69 days 1,854 sqft
2020-04-01 72 days 1,864 sqft
2020-05-01 81 days 1,883 sqft
2020-06-01 79 days 1,939 sqft
2020-07-01 69 days 1,942 sqft
2020-08-01 61 days 1,954 sqft
2020-09-01 58 days 1,965 sqft
2020-10-01 61 days 1,940 sqft
2020-11-01 65 days 1,901 sqft
2020-12-01 74 days 1,860 sqft
2021-01-01 72 days 1,828 sqft
2021-02-01 64 days 1,803 sqft
2021-03-01 58 days 1,802 sqft
2021-04-01 20 days 1,931 sqft
2021-05-01 35 days 1,824 sqft
2021-06-01 42 days 1,807 sqft
2021-07-01 37 days 1,751 sqft
2021-08-01 49 days 1,713 sqft
2021-09-01 52 days 1,682 sqft
2021-10-01 58 days 1,722 sqft
2021-11-01 55 days 1,721 sqft
2021-12-01 59 days 1,707 sqft
2022-01-01 71 days 1,706 sqft
2022-02-01 71 days 1,699 sqft
2022-03-01 59 days 1,759 sqft
2022-04-01 56 days 1,738 sqft
Shreveport's median listing age (time on market) for 2022-04-01 was 56 days. This is 187% longer than the same period one year ago.

Shreveport's median square footage for active listings during the 2022-04-01 period was 1,738 sqft. One year prior, the average listing was 1,931 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).