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%.
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.
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. LouisDate | 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 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. LouisDate | 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 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.