Baton Rouge USDA Loan Rates, Closing Costs & Stats
BATON ROUGE, LA
USDA loans are zero-downpayment loans targeted towards lower-income households in rural areas. They can be made directly by the US Department of Agriculture or through a participating lender-- and they typically to borrowers with credit scores over 640. They can have subsidized rates, making them very competitive in terms of cost, but they have more stringent standards on who is eligible as well as specific covenants such as only being available in rural areas and limits on home size.
Baton Rouge's 58 lenders originated 533 USDA loans during 2024. The total origination value was $114,855,000, with an average USDA loan value of $215,488.
Baton Rouge USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Baton Rouge
averaged
0.3%
for the week of 2025-06-20, compared to the national average (all USDA variants) of
0% for the same period.
Baton Rouge's average USDA mortgage closing costs are $5,241.
The average rate for the prior week (2025-06-13) was
6.7% and
one month ago for the week of 2025-05-16, the
average rate was 6.56%.
The average rate one year ago was 6.88%.
For refis of the same type during the week of 2025-06-20, the average rate
was -0.13%.
Baton Rouge USDA Loan Lenders by Rates & Fees
The below table looks at the average fees/closing costs and rates for USDA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Baton Rouge level.
The top Baton Rouge USDA lender as defined by loan originations is GMFS LLC, with
144 USDA loans originated. Their average total fees are
$4,365, which is $1,115
higher than the next largest lender,
DSLD MORTGAGE, LLC.
The lowest fee Baton Rouge USDA lenders (with over 10 loans originated) are
DSLD MORTGAGE, LLC ($3,250), ARK-LA-TEX FINANCIAL SERVICES, LLC. ($4,146), GMFS LLC ($4,365), DHI MORTGAGE COMPANY, LTD. ($5,700) and Gulf Coast Bank and Trust Company ($6,213).
The lowest rate Baton Rouge USDA lenders (with over 10 loans originated) are
DHI MORTGAGE COMPANY, LTD. (4.68%), DSLD MORTGAGE, LLC (5.73%), Hancock Whitney Bank (6.01%), EUSTIS AND AMERICAN MORTGAGE COMPANY (6.18%) and UNITED WHOLESALE MORTGAGE, LLC (6.28%).