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 109 lenders originated 1,566 FHA loans during 2022. The total origination value was $307,220,000, with an average FHA loan value of $196,181.

Shreveport FHA Loans, 30 Year Fixed Rates

30 Year FHA mortgages in Shreveport averaged -0.39% for the week of 2024-02-23, compared to the national average (all FHA variants) of 0% for the same period.

Shreveport's average FHA mortgage closing costs are $6,462.

The average rate for the prior week (2024-02-16) was 6.35% and one month ago for the week of 2024-01-19, the average rate was 6.2%.

The average rate one year ago was 6.06%.

For refis of the same type during the week of 2024-02-23, the average rate was -1.16%.

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/closing costs and rates for FHA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Shreveport level.

Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
EUSTIS AND AMERICAN MORTGAGE COMPANY 111 5.03% $7,989
PLANET HOME LENDING, LLC 102 5.31% $9,290
FIDELITY BANK 87 4.77% $8,139
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 85 5.10% $8,265
UNITED WHOLESALE MORTGAGE, LLC 84 4.83% $8,413
QUICKEN LOANS, LLC 82 4.33% $7,814
MOVEMENT MORTGAGE, LLC 66 5.21% $8,414
Gateway First Bank 54 5.66% $4,959
CALIBER HOME LOANS, INC. 45 4.83% $7,456
NATIONS DIRECT MORTGAGE, LLC 38 4.79% $10,214
Red River Bank 34 4.88% $6,005
Goldwater Bank, N.A. 29 4.72% $7,657
DSLD MORTGAGE, LLC 28 4.77% $6,513
THRIVE MORTGAGE, LLC 28 5.00% $8,558
Carrington Mortgage Services, LLC 26 5.10% $8,107
SOUTHWEST FUNDING, LP 24 5.48% $9,817
BancorpSouth 24 4.47% $6,408
UNION HOME MORTGAGE CORP. 23 5.34% $7,953
Austin Capital Bank SSB 22 5.06% $10,384
Assurance Financial Group, L.L.C. 21 5.04% $8,253
NATIONS RELIABLE LENDING, LLC 20 5.12% $8,334
Mr. Cooper ( Nationstar Mortgage ) 20 4.41% $7,430
Regions Bank 18 5.41% $7,737
CARDINAL FINANCIAL 18 5.19% $8,263
Home Federal Bank 18 5.28% $7,706
LOANDEPOT.COM, LLC 18 4.87% $8,124
GUARANTEED RATE, INC. 16 5.20% $8,105
HOME POINT FINANCIAL CORPORATION 15 5.02% $7,643
Cross Keys Bank 14 4.80% $7,930
FirstTrust Home Loans, Inc. 11 4.89% $8,721
BARKSDALE 11 4.58% $6,639
GUILD MORTGAGE COMPANY 10 5.21% $9,000
STANDARD MORTGAGE CORPORATION 10 4.13% $7,898
PLAZA HOME MORTGAGE, INC. 10 4.90% $9,571
BAYSHORE MORTGAGE FUNDING, LLC 9 5.94% $7,962
HOMEBRIDGE FINANCIAL SERVICES, INC. 9 4.60% $7,415
DRAPER AND KRAMER MORTGAGE CORP. 9 6.28% $9,496
PIERREMONT MORTGAGE, INC. 8 3.95% $3,816
PENNYMAC LOAN SERVICES, LLC 8 4.44% $5,209
Equity Prime Mortgage LLC 7 5.21% $8,138
FREEDOM MORTGAGE CORPORATION 7 3.57% $5,398
GMFS LLC 7 5.16% $7,562
Citizens Bank 7 5.23% $6,393
AMERISAVE MORTGAGE CORPORATION 6 4.85% $9,362
NEWREZ LLC 6 5.73% $9,942
TOWNE MORTGAGE COMPANY 6 5.60% $6,517
LAKEVIEW LOAN SERVICING, LLC 6 3.79% $4,380
JPMorgan Chase Bank 6 5.17% $6,363
Mortgage Research Center, LLC 5 7.05% $4,316
Trustmark National Bank 5 4.20% $4,810
Lakeview Community Capital, LLC 5 3.73% $4,266
VILLAGE CAPITAL MORTGAGE 4 3.97% $5,609
BROKER SOLUTIONS, INC. 4 5.34% $12,815
CMG MORTGAGE, INC. 4 5.38% $9,151
Flagstar Bank, FSB 4 4.52% $6,386
PRIMARY RESIDENTIAL MORTGAGE, INC. 4 4.59% $11,532
OCMBC, INC. 3 5.88% $11,733
HOMESIDE FINANCIAL, LLC 3 4.67% $7,942
Barrington Bank & Trust Company, N.A. 3 5.38% $6,418
RELIANCE FIRST CAPITAL, LLC 3 5.33% $7,432
PANORAMA MORTGAGE GROUP, LLC 3 7.17% $14,364
AMERICAN FINANCIAL RESOURCES, INC. 3 4.63% $6,000
MORTGAGE FINANCIAL SERVICES, LLC 3 6.00% $10,249
RESIDENTIAL BANCORP 2 6.94% $8,205
Sabine State Bank and Trust Company 2 4.13% $10,507
MUTUAL OF OMAHA MORTGAGE, INC. 2 5.75% $12,404
SENTE MORTGAGE, INC. 2 4.50% $12,437
Shamrock Home Loans, Inc. 2 4.75% $7,265
Nations Lending Corporation 2 5.13% $8,909
Paramount Residential Mortgage Group, Inc. 2 4.63% $10,727
GSF Mortgage Corporation 2 4.38% $6,406
CROSSCOUNTRY MORTGAGE, LLC 2 5.88% $9,931
PHH Mortgage Corporation 1 4.63% $14,258
First Guaranty Mortgage Corporation 1 4.75% $3,629
FIRST COMMUNITY MORTGAGE, INC. 1 4.38% $9,127
EVERETT FINANCIAL, INC. 1 6.63% $5,141
PREMIA MORTGAGE, LLC 1 4.25% $1,759
ACADEMY MORTGAGE CORPORATION 1 4.63% $5,660
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 5.25% $7,814
EMM LOANS LLC 1 5.75% $11,281
EMBRACE HOME LOANS, INC. 1 5.75% $8,313
S1L, Inc. 1 6.75% $9,371
SOUTHWEST STAGE FUNDING, LLC 1 6.38% $6,414
SOVEREIGN LENDING GROUP INCORPORATED 1 4.25% $14,009
Bank of England 1 5.63% $7,496
SUN WEST MORTGAGE COMPANY, INC. 1 6.83% $8,987
THE MORTGAGE FIRM, INC. 1 5.63% $6,065
Bank of America 1 3.00% $8,472
TIB The Independent Bankersbank 1 5.25% $9,530
AMERICAN PORTFOLIO MORTGAGE CORPORATION 1 6.63% $13,793
AMERICAN PACIFIC MORTGAGE CORPORATION 1 5.25% $11,829
American Mortgage Bank, LLC 1 3.25% $8,273
HOMESTAR FINANCIAL CORPORATION 1 6.75% $3,613
Ixonia Bank 1 7.00% $9,519
LEGEND LENDING CORPORATION 1 6.50% $11,565
LHM FINANCIAL CORPORATION 1 5.63% $8,219
HOMESPIRE MORTGAGE CORPORATION 1 3.63% $4,536
Low VA Rates, LLC 1 4.25% $6,534
MID AMERICA MORTGAGE, INC. 1 6.50% $5,626
MIDLAND MORTGAGE CORPORATION 1 4.75% $6,122
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 4.88% $12,052
M&T Bank 1 3.88% $9,786
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 4.25% $12,696
GENEVA FINANCIAL, LLC 1 3.75% $8,163
FLAT BRANCH MORTGAGE, INC. 1 7.13% $7,050
Northpointe Bank 1 4.13% $5,677
OAKTREE FUNDING CORP. 1 5.88% $12,589
Origin Bank 1 5.75% $7,353
First Horizon Bank 1 2.99% $5,949

The top Shreveport FHA lender as defined by loan originations is EUSTIS AND AMERICAN MORTGAGE COMPANY, with 111 FHA loans originated. Their average total fees are $7,989, which is $1,301 lower than the next largest lender, PLANET HOME LENDING, LLC.

The lowest fee Shreveport FHA lenders (with over 10 loans originated) are Gateway First Bank ($4,959), Red River Bank ($6,005), BancorpSouth ($6,408), DSLD MORTGAGE, LLC ($6,513) and BARKSDALE ($6,639).

The lowest rate Shreveport FHA lenders (with over 10 loans originated) are STANDARD MORTGAGE CORPORATION (4.13%), QUICKEN LOANS, LLC (4.33%), Mr. Cooper ( Nationstar Mortgage ) (4.41%), BancorpSouth (4.47%) and BARKSDALE (4.58%).

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. Louis
Date 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 $194,700 (3.0%) $250,212 (4.1%) 0.65 2,168
2018-08-01 $199,000 (6.7%) $248,492 (3.8%) 0.67 2,174
2018-09-01 $195,450 (5.7%) $247,384 (4.4%) 0.66 2,122
2018-10-01 $199,000 (7.6%) $249,598 (6.7%) 0.67 2,062
2018-11-01 $195,125 (5.5%) $245,870 (5.5%) 0.66 2,049
2018-12-01 $194,000 (5.2%) $244,477 (4.4%) 0.67 2,008
2019-01-01 $195,925 (6.5%) $243,564 (3.8%) 0.68 1,949
2019-02-01 $199,900 (7.1%) $244,576 (3.1%) 0.68 1,985
2019-03-01 $201,229 (6.0%) $247,579 (3.3%) 0.66 2,016
2019-04-01 $203,653 (5.1%) $251,679 (3.1%) 0.65 2,040
2019-05-01 $208,418 (8.0%) $255,239 (3.0%) 0.65 2,011
2019-06-01 $204,000 (3.6%) $250,874 (0.2%) 0.64 1,963
2019-07-01 $200,000 (2.7%) $250,986 (0.3%) 0.63 1,964
2019-08-01 $203,364 (2.2%) $250,558 (0.8%) 0.64 1,950
2019-09-01 $200,909 (2.8%) $250,152 (1.1%) 0.64 1,912
2019-10-01 $197,000 (-1.0%) $249,064 (-0.2%) 0.64 1,880
2019-11-01 $192,900 (-1.1%) $243,826 (-0.8%) 0.63 1,819
2019-12-01 $192,275 (-0.9%) $241,936 (-1.0%) 0.64 1,785
2020-01-01 $192,400 (-1.8%) $245,269 (0.7%) 0.64 1,689
2020-02-01 $190,733 (-4.6%) $245,545 (0.4%) 0.62 1,657
2020-03-01 $195,563 (-2.8%) $251,873 (1.7%) 0.61 1,669
2020-04-01 $199,900 (-1.8%) $254,736 (1.2%) 0.63 1,651
2020-05-01 $208,000 (-0.2%) $256,462 (0.5%) 0.63 1,540
2020-06-01 $209,950 (2.9%) $271,830 (8.4%) 0.62 1,290
2020-07-01 $210,000 (5.0%) $281,385 (12.1%) 0.61 1,234
2020-08-01 $200,000 (-1.7%) $284,022 (13.4%) 0.57 1,152
2020-09-01 $207,725 (3.4%) $285,030 (13.9%) 0.60 1,112
2020-10-01 $199,900 (1.5%) $277,948 (11.6%) 0.57 1,076
2020-11-01 $193,700 (0.4%) $275,470 (13.0%) 0.57 1,044
2020-12-01 $182,875 (-4.9%) $270,432 (11.8%) 0.54 979
2021-01-01 $179,900 (-6.5%) $267,527 (9.1%) 0.54 938
2021-02-01 $179,250 (-6.0%) $270,564 (10.2%) 0.52 793
2021-03-01 $171,975 (-12.1%) $269,769 (7.1%) 0.49 768
2021-04-01 $199,950 (0.0%) $283,421 (11.3%) 0.54 385
2021-05-01 $180,000 (-13.5%) $259,550 (1.2%) 0.48 487
2021-06-01 $183,500 (-12.6%) $262,154 (-3.6%) 0.48 566
2021-07-01 $171,000 (-18.6%) $260,663 (-7.4%) 0.45 702
2021-08-01 $168,500 (-15.8%) $248,208 (-12.6%) 0.45 756
2021-09-01 $162,950 (-21.6%) $236,860 (-16.9%) 0.43 780
2021-10-01 $165,000 (-17.5%) $251,286 (-9.6%) 0.44 702
2021-11-01 $162,475 (-16.1%) $246,107 (-10.7%) 0.43 735
2021-12-01 $162,875 (-10.9%) $242,638 (-10.3%) 0.44 718
2022-01-01 $167,500 (-6.9%) $242,146 (-9.5%) 0.45 626
2022-02-01 $167,075 (-6.8%) $249,169 (-7.9%) 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 (1.2%) 0.48 485
2022-05-01 $205,425 (14.1%) $288,842 (11.3%) 0.47 518
2022-06-01 $229,900 (25.3%) $314,081 (19.8%) 0.51 603
2022-07-01 $235,000 (37.4%) $316,226 (21.3%) 0.53 728
2022-08-01 $225,000 (33.5%) $299,938 (20.8%) 0.52 762
2022-09-01 $219,000 (34.4%) $290,493 (22.6%) 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
Shreveport's median listing price for 2023-12-01 was $245,500, a difference of $16,500 (7.2%) versus the prior year and $-3,950 versus the prior month.

Shreveport's median listing price comes in at 60% of the national average.

Shreveport's average listing price for 2023-12-01 was $289,758, a difference of $8,686 (3.1%) versus the prior year and $-4,651 versus the prior month.

For the 2023-12-01 period, Shreveport had 1,126 MLS listings, a difference of -26 listings (-2%) versus the prior month and 272 listings (32%) 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 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 1,933 sqft
2018-08-01 71 days 1,939 sqft
2018-09-01 78 days 1,940 sqft
2018-10-01 82 days 1,945 sqft
2018-11-01 84 days 1,922 sqft
2018-12-01 86 days 1,894 sqft
2019-01-01 89 days 1,890 sqft
2019-02-01 80 days 1,901 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 1,915 sqft
2019-07-01 73 days 1,915 sqft
2019-08-01 72 days 1,906 sqft
2019-09-01 73 days 1,892 sqft
2019-10-01 74 days 1,871 sqft
2019-11-01 74 days 1,850 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 67 days 1,878 sqft
2020-05-01 75 days 1,889 sqft
2020-06-01 71 days 1,932 sqft
2020-07-01 65 days 1,940 sqft
2020-08-01 59 days 1,944 sqft
2020-09-01 56 days 1,960 sqft
2020-10-01 56 days 1,928 sqft
2020-11-01 63 days 1,899 sqft
2020-12-01 69 days 1,863 sqft
2021-01-01 70 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 1,913 sqft
2021-05-01 31 days 1,787 sqft
2021-06-01 42 days 1,786 sqft
2021-07-01 38 days 1,730 sqft
2021-08-01 48 days 1,710 sqft
2021-09-01 51 days 1,670 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
Shreveport's median listing age (time on market) for 2023-12-01 was 66 days. This is 2% longer than the same period one year ago.

Shreveport's median square footage for active listings during the 2023-12-01 period was 1,866 sqft. One year prior, the average listing was 1,830 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).