Shreveport FHA Loan Rates, Closing Costs & Stats
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 90 lenders originated 1,148 FHA loans during 2023. The total origination value was $230,180,000, with an average FHA loan value of $200,505.
Shreveport FHA Loans, 30 Year Fixed Rates
30 Year FHA mortgages in Shreveport
averaged
0.08%
for the week of 2024-11-29, compared to the national average (all FHA variants) of
0% for the same period.
Shreveport's average FHA mortgage closing costs are $6,736.
The average rate for the prior week (2024-11-22) was
6.27% and
one month ago for the week of 2024-10-25, the
average rate was 6.45%.
The average rate one year ago was 6.84%.
For refis of the same type during the week of 2024-11-29, the average rate
was -0.27%.
Shreveport 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 Shreveport level.
The top Shreveport FHA lender as defined by loan originations is FIDELITY BANK, with
101 FHA loans originated. Their average total fees are
$8,261, which is $403
lower than the next largest lender,
EUSTIS AND AMERICAN MORTGAGE COMPANY.
The lowest fee Shreveport FHA lenders (with over 10 loans originated) are
DSLD MORTGAGE, LLC ($5,913), Red River Bank ($6,208), Gateway First Bank ($6,785), Home Federal Bank ($6,960) and Origin Bank ($7,314).
The lowest rate Shreveport FHA lenders (with over 10 loans originated) are
Regions Bank (6.05%), Red River Bank (6.15%), QUICKEN LOANS, LLC (6.20%), BancorpSouth (6.29%) and LOANDEPOT.COM, LLC (6.29%).
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 |
SHREVEPORT-BOSSIER CITY, LA | BOSSIER | 2023 | $472,030 | $604,400 | $730,525 | $907,900 |
SHREVEPORT-BOSSIER CITY, LA | CADDO | 2023 | $472,030 | $604,400 | $730,525 | $907,900 |
SHREVEPORT-BOSSIER CITY, LA | DE SOTO | 2023 | $472,030 | $604,400 | $730,525 | $907,900 |
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Shreveport (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 | $183,950 (1.9%) | $234,691 (3.0%) | 0.68 | 1,999 |
2018-02-01 | $186,725 (0.9%) | $237,327 (2.2%) | 0.68 | 1,991 |
2018-03-01 | $189,900 (2.4%) | $239,566 (1.1%) | 0.67 | 2,009 |
2018-04-01 | $193,700 (2.5%) | $244,094 (1.3%) | 0.66 | 2,107 |
2018-05-01 | $193,000 (1.6%) | $247,816 (2.2%) | 0.64 | 2,101 |
2018-06-01 | $196,900 (3.8%) | $250,428 (2.9%) | 0.66 | 2,107 |
2018-07-01 | $194,575 (3.0%) | $250,113 (4.1%) | 0.65 | 2,167 |
2018-08-01 | $199,000 (6.7%) | $248,394 (3.8%) | 0.67 | 2,173 |
2018-09-01 | $195,000 (5.4%) | $247,281 (4.4%) | 0.66 | 2,121 |
2018-10-01 | $199,000 (7.6%) | $249,494 (6.6%) | 0.67 | 2,061 |
2018-11-01 | $195,000 (5.5%) | $245,764 (5.5%) | 0.66 | 2,048 |
2018-12-01 | $194,000 (5.2%) | $244,368 (4.3%) | 0.67 | 2,007 |
2019-01-01 | $195,838 (6.5%) | $243,451 (3.7%) | 0.68 | 1,948 |
2019-02-01 | $199,900 (7.1%) | $244,467 (3.0%) | 0.68 | 1,984 |
2019-03-01 | $201,014 (5.9%) | $247,472 (3.3%) | 0.66 | 2,015 |
2019-04-01 | $203,376 (5.0%) | $251,576 (3.1%) | 0.65 | 2,039 |
2019-05-01 | $208,309 (7.9%) | $255,137 (3.0%) | 0.65 | 2,010 |
2019-06-01 | $203,683 (3.4%) | $250,767 (0.1%) | 0.64 | 1,962 |
2019-07-01 | $200,000 (2.8%) | $250,880 (0.3%) | 0.63 | 1,963 |
2019-08-01 | $203,363 (2.2%) | $250,449 (0.8%) | 0.64 | 1,949 |
2019-09-01 | $200,909 (3.0%) | $250,040 (1.1%) | 0.64 | 1,911 |
2019-10-01 | $197,000 (-1.0%) | $248,949 (-0.2%) | 0.64 | 1,879 |
2019-11-01 | $192,900 (-1.1%) | $243,706 (-0.8%) | 0.63 | 1,818 |
2019-12-01 | $192,150 (-1.0%) | $241,812 (-1.1%) | 0.64 | 1,784 |
2020-01-01 | $192,400 (-1.8%) | $245,269 (0.8%) | 0.64 | 1,689 |
2020-02-01 | $190,733 (-4.6%) | $245,545 (0.4%) | 0.62 | 1,657 |
2020-03-01 | $195,531 (-2.7%) | $251,749 (1.7%) | 0.61 | 1,668 |
2020-04-01 | $199,900 (-1.7%) | $254,612 (1.2%) | 0.63 | 1,650 |
2020-05-01 | $207,950 (-0.2%) | $256,332 (0.5%) | 0.63 | 1,539 |
2020-06-01 | $209,950 (3.1%) | $271,687 (8.3%) | 0.62 | 1,289 |
2020-07-01 | $210,000 (5.0%) | $281,242 (12.1%) | 0.61 | 1,233 |
2020-08-01 | $200,000 (-1.7%) | $283,878 (13.4%) | 0.57 | 1,151 |
2020-09-01 | $207,450 (3.3%) | $284,875 (13.9%) | 0.59 | 1,111 |
2020-10-01 | $199,900 (1.5%) | $277,776 (11.6%) | 0.57 | 1,076 |
2020-11-01 | $193,700 (0.4%) | $275,379 (13.0%) | 0.57 | 1,043 |
2020-12-01 | $182,500 (-5.0%) | $270,239 (11.8%) | 0.54 | 978 |
2021-01-01 | $179,900 (-6.5%) | $267,316 (9.0%) | 0.54 | 937 |
2021-02-01 | $179,125 (-6.1%) | $270,339 (10.1%) | 0.52 | 792 |
2021-03-01 | $171,975 (-12.1%) | $269,653 (7.1%) | 0.49 | 768 |
2021-04-01 | $199,925 (0.0%) | $282,935 (11.1%) | 0.54 | 384 |
2021-05-01 | $179,999 (-13.4%) | $259,160 (1.1%) | 0.48 | 486 |
2021-06-01 | $182,875 (-12.9%) | $261,842 (-3.6%) | 0.48 | 565 |
2021-07-01 | $170,000 (-19.1%) | $260,412 (-7.4%) | 0.45 | 701 |
2021-08-01 | $168,475 (-15.8%) | $247,952 (-12.7%) | 0.45 | 755 |
2021-09-01 | $162,450 (-21.7%) | $236,592 (-17.0%) | 0.43 | 779 |
2021-10-01 | $165,000 (-17.5%) | $251,286 (-9.5%) | 0.44 | 702 |
2021-11-01 | $162,475 (-16.1%) | $246,107 (-10.6%) | 0.43 | 735 |
2021-12-01 | $162,875 (-10.8%) | $242,638 (-10.2%) | 0.44 | 718 |
2022-01-01 | $167,500 (-6.9%) | $242,146 (-9.4%) | 0.45 | 626 |
2022-02-01 | $167,075 (-6.7%) | $249,169 (-7.8%) | 0.43 | 550 |
2022-03-01 | $180,813 (5.1%) | $278,890 (3.4%) | 0.45 | 477 |
2022-04-01 | $199,900 (0.0%) | $286,714 (1.3%) | 0.48 | 485 |
2022-05-01 | $205,425 (14.1%) | $288,842 (11.5%) | 0.47 | 518 |
2022-06-01 | $229,900 (25.7%) | $314,081 (20.0%) | 0.51 | 603 |
2022-07-01 | $235,000 (38.2%) | $316,226 (21.4%) | 0.53 | 728 |
2022-08-01 | $225,000 (33.6%) | $299,938 (21.0%) | 0.52 | 762 |
2022-09-01 | $219,000 (34.8%) | $290,493 (22.8%) | 0.51 | 814 |
2022-10-01 | $220,000 (33.3%) | $288,998 (15.0%) | 0.52 | 841 |
2022-11-01 | $229,450 (41.2%) | $291,502 (18.5%) | 0.55 | 865 |
2022-12-01 | $229,000 (40.6%) | $281,072 (15.8%) | 0.57 | 854 |
2023-01-01 | $229,000 (36.7%) | $282,286 (16.6%) | 0.57 | 802 |
2023-02-01 | $229,000 (37.1%) | $283,302 (13.7%) | 0.55 | 747 |
2023-03-01 | $234,725 (29.8%) | $289,590 (3.8%) | 0.55 | 764 |
2023-04-01 | $239,950 (20.0%) | $295,412 (3.0%) | 0.56 | 793 |
2023-05-01 | $237,100 (15.4%) | $288,860 (0.0%) | 0.54 | 787 |
2023-06-01 | $247,500 (7.7%) | $286,596 (-8.8%) | 0.56 | 837 |
2023-07-01 | $253,600 (7.9%) | $291,783 (-7.7%) | 0.58 | 868 |
2023-08-01 | $247,200 (9.9%) | $289,880 (-3.4%) | 0.57 | 1,029 |
2023-09-01 | $245,000 (11.9%) | $288,794 (-0.6%) | 0.57 | 1,062 |
2023-10-01 | $246,500 (12.1%) | $287,308 (-0.6%) | 0.58 | 1,105 |
2023-11-01 | $249,450 (8.7%) | $294,409 (1.0%) | 0.59 | 1,152 |
2023-12-01 | $245,500 (7.2%) | $289,758 (3.1%) | 0.60 | 1,126 |
2024-01-01 | $249,900 (9.1%) | $289,657 (2.6%) | 0.61 | 1,059 |
2024-02-01 | $245,675 (7.3%) | $294,333 (3.9%) | 0.59 | 1,051 |
2024-03-01 | $242,500 (3.3%) | $295,438 (2.0%) | 0.57 | 1,057 |
2024-04-01 | $239,975 (0.0%) | $302,326 (2.3%) | 0.56 | 1,065 |
2024-05-01 | $239,800 (1.1%) | $306,150 (6.0%) | 0.54 | 1,130 |
2024-06-01 | $235,000 (-5.1%) | $300,667 (4.9%) | 0.53 | 1,168 |
2024-07-01 | $239,950 (-5.4%) | $294,975 (1.1%) | 0.55 | 1,226 |
2024-08-01 | $239,900 (-3.0%) | $290,998 (0.4%) | 0.56 | 1,265 |
2024-09-01 | $239,700 (-2.2%) | $289,220 (0.2%) | 0.56 | 1,313 |
2024-10-01 | $241,500 (-2.0%) | $295,119 (2.7%) | 0.57 | 1,328 |
Shreveport's median listing price comes in at 57% of the national average.
Shreveport's average listing price for 2024-10-01 was $295,119, a difference of $7,811 (2.7%) versus the prior year and $5,899 versus the prior month.
For the 2024-10-01 period, Shreveport had 1,328 MLS listings, a difference of 15 listings (1%) versus the prior month and 223 listings (20%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Shreveport (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 88 days | 1,860 sqft |
2018-02-01 | 89 days | 1,872 sqft |
2018-03-01 | 71 days | 1,883 sqft |
2018-04-01 | 62 days | 1,900 sqft |
2018-05-01 | 64 days | 1,913 sqft |
2018-06-01 | 67 days | 1,933 sqft |
2018-07-01 | 68 days | 1,932 sqft |
2018-08-01 | 71 days | 1,939 sqft |
2018-09-01 | 78 days | 1,940 sqft |
2018-10-01 | 82 days | 1,944 sqft |
2018-11-01 | 84 days | 1,922 sqft |
2018-12-01 | 86 days | 1,894 sqft |
2019-01-01 | 89 days | 1,889 sqft |
2019-02-01 | 80 days | 1,900 sqft |
2019-03-01 | 73 days | 1,909 sqft |
2019-04-01 | 66 days | 1,928 sqft |
2019-05-01 | 66 days | 1,934 sqft |
2019-06-01 | 73 days | 1,914 sqft |
2019-07-01 | 73 days | 1,914 sqft |
2019-08-01 | 72 days | 1,906 sqft |
2019-09-01 | 73 days | 1,891 sqft |
2019-10-01 | 74 days | 1,870 sqft |
2019-11-01 | 74 days | 1,849 sqft |
2019-12-01 | 81 days | 1,844 sqft |
2020-01-01 | 83 days | 1,849 sqft |
2020-02-01 | 74 days | 1,840 sqft |
2020-03-01 | 64 days | 1,862 sqft |
2020-04-01 | 68 days | 1,877 sqft |
2020-05-01 | 75 days | 1,889 sqft |
2020-06-01 | 71 days | 1,931 sqft |
2020-07-01 | 65 days | 1,940 sqft |
2020-08-01 | 59 days | 1,945 sqft |
2020-09-01 | 56 days | 1,958 sqft |
2020-10-01 | 56 days | 1,928 sqft |
2020-11-01 | 63 days | 1,899 sqft |
2020-12-01 | 68 days | 1,862 sqft |
2021-01-01 | 69 days | 1,818 sqft |
2021-02-01 | 58 days | 1,789 sqft |
2021-03-01 | 55 days | 1,789 sqft |
2021-04-01 | 20 days | 1,912 sqft |
2021-05-01 | 31 days | 1,786 sqft |
2021-06-01 | 42 days | 1,785 sqft |
2021-07-01 | 38 days | 1,729 sqft |
2021-08-01 | 47 days | 1,709 sqft |
2021-09-01 | 51 days | 1,669 sqft |
2021-10-01 | 58 days | 1,714 sqft |
2021-11-01 | 53 days | 1,713 sqft |
2021-12-01 | 59 days | 1,694 sqft |
2022-01-01 | 71 days | 1,696 sqft |
2022-02-01 | 72 days | 1,692 sqft |
2022-03-01 | 57 days | 1,735 sqft |
2022-04-01 | 50 days | 1,732 sqft |
2022-05-01 | 42 days | 1,800 sqft |
2022-06-01 | 35 days | 1,848 sqft |
2022-07-01 | 38 days | 1,828 sqft |
2022-08-01 | 46 days | 1,823 sqft |
2022-09-01 | 54 days | 1,800 sqft |
2022-10-01 | 54 days | 1,804 sqft |
2022-11-01 | 59 days | 1,832 sqft |
2022-12-01 | 65 days | 1,830 sqft |
2023-01-01 | 74 days | 1,829 sqft |
2023-02-01 | 63 days | 1,834 sqft |
2023-03-01 | 58 days | 1,870 sqft |
2023-04-01 | 52 days | 1,854 sqft |
2023-05-01 | 55 days | 1,793 sqft |
2023-06-01 | 52 days | 1,791 sqft |
2023-07-01 | 53 days | 1,864 sqft |
2023-08-01 | 53 days | 1,838 sqft |
2023-09-01 | 58 days | 1,868 sqft |
2023-10-01 | 62 days | 1,871 sqft |
2023-11-01 | 63 days | 1,900 sqft |
2023-12-01 | 66 days | 1,866 sqft |
2024-01-01 | 80 days | 1,872 sqft |
2024-02-01 | 70 days | 1,849 sqft |
2024-03-01 | 56 days | 1,842 sqft |
2024-04-01 | 54 days | 1,849 sqft |
2024-05-01 | 51 days | 1,853 sqft |
2024-06-01 | 54 days | 1,850 sqft |
2024-07-01 | 57 days | 1,825 sqft |
2024-08-01 | 61 days | 1,806 sqft |
2024-09-01 | 67 days | 1,798 sqft |
2024-10-01 | 65 days | 1,806 sqft |
Shreveport's median square footage for active listings during the 2024-10-01 period was 1,806 sqft. One year prior, the average listing was 1,871 sqft.