Baton Rouge USDA Loans

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 78 lenders originated 1,940 USDA loans during 2021. The total origination value was $383,760,000, with an average USDA loan value of $197,814.

Baton Rouge USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Baton Rouge averaged 5.33% for the week of 2022-05-20, compared to the national average (all USDA variants) of 5.315% for the same period.

The average rate for the prior week (2022-05-13) was 5.11% and one month ago for the week of 2022-04-15, the average rate was 4.91%.

The average rate one year ago was 3.06%.

For refis of the same type during the week of 2022-05-20, the average rate was 4.93%.

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

Baton Rouge USDA Loan Lenders by Rates & Fees

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

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
GMFS LLC 423 2.99% $3,771
DSLD MORTGAGE, LLC 173 2.71% $2,485
Assurance Financial Group, L.L.C. 162 3.00% $5,940
MOVEMENT MORTGAGE, LLC 80 3.07% $5,658
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 79 2.93% $5,961
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 69 3.22% $6,313
Gateway First Bank 67 2.83% $4,684
DHI MORTGAGE COMPANY, LTD. 67 2.69% $5,774
EUSTIS AND AMERICAN MORTGAGE COMPANY 64 2.86% $6,089
HOME POINT FINANCIAL CORPORATION 48 2.75% $6,256
First Option Mortgage, LLC 46 3.01% $6,126
MID AMERICA MORTGAGE, INC. 45 3.16% $5,245
MORTGAGE FINANCIAL SERVICES, LLC 41 2.99% $5,728
Hometown Equity Mortgage, LLC 39 3.07% $6,190
Nations Lending Corporation 33 3.16% $4,388
FIDELITY BANK 32 3.00% $5,802
AMCAP MORTGAGE, LTD. 31 3.06% $7,106
STANDARD MORTGAGE CORPORATION 26 2.80% $6,125
CALIBER HOME LOANS, INC. 26 3.03% $6,394
SUMMIT FUNDING, INC. 20 3.24% $6,587
LOANDEPOT.COM, LLC 18 3.03% $6,106
Gulf Coast Bank and Trust Company 18 2.84% $5,746
Red River Bank 18 2.53% $5,205
UNION HOME MORTGAGE CORP. 18 2.83% $5,719
Flagstar Bank, FSB 17 2.74% $4,956
AMERICAN FINANCIAL NETWORK, INC. 14 3.25% $9,203
GUILD MORTGAGE COMPANY 14 3.36% $6,072
Carrington Mortgage Services, LLC 11 3.30% $7,346
PENNYMAC LOAN SERVICES, LLC 11 2.86% $5,607
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 10 3.41% $6,900
PRIMARY RESIDENTIAL MORTGAGE, INC. 10 3.34% $6,179
NEWREZ LLC 10 2.74% $6,640
HOMEBRIDGE FINANCIAL SERVICES, INC. 10 2.83% $8,107
Republic State Mortgage Co. 9 3.15% $5,571
Hancock Whitney Bank 9 2.54% $6,038
PLAZA HOME MORTGAGE, INC. 8 2.94% $5,018
SOUTHWEST FUNDING, LP 8 3.64% $8,181
Network Funding, L.P. 7 3.23% $5,477
CROSSCOUNTRY MORTGAGE, LLC 7 3.03% $5,400
HOMESPIRE MORTGAGE CORPORATION 7 2.59% $6,889
LHM FINANCIAL CORPORATION 7 2.57% $6,253
EMM LOANS LLC 6 3.35% $6,430
UNITED WHOLESALE MORTGAGE, LLC 6 2.94% $6,557
CMG MORTGAGE, INC. 5 3.17% $6,002
FBT Mortgage, L.L.C. 5 2.65% $5,543
FREEDOM MORTGAGE CORPORATION 5 3.05% $5,637
SUN WEST MORTGAGE COMPANY, INC. 5 2.80% $6,368
AMERICAN FINANCIAL RESOURCES, INC. 5 3.40% $5,113
First Horizon Bank 4 2.59% $6,066
Regions Bank 4 3.19% $5,363
ANGEL OAK HOME LOANS LLC 3 2.58% $5,887
Paramount Residential Mortgage Group, Inc. 3 2.96% $6,172
SWBC MORTGAGE CORPORATION 3 3.42% $4,402
ARK-LA-TEX FINANCIAL SERVICES, LLC. 2 2.81% $5,607
First Guaranty Mortgage Corporation 2 2.75% $7,245
Home Bank 2 2.56% $5,322
LEADERONE FINANCIAL CORPORATION 2 2.94% $5,418
PANORAMA MORTGAGE GROUP, LLC 2 2.50% $6,761
PLANET HOME LENDING, LLC 2 3.44% $5,576
PRIMELENDING, A PLAINSCAPITAL COMPANY 2 3.38% $6,126
SECURITYNATIONAL MORTGAGE COMPANY 2 3.81% $9,142
US MORTGAGE CORPORATION 2 2.88% $6,335
MUTUAL OF OMAHA MORTGAGE, INC. 1 2.25% $4,793
MORTGAGE SOLUTIONS OF COLORADO, LLC 1 2.63% $6,813
DELMAR FINANCIAL COMPANY 1 2.25% $7,314
Equity Prime Mortgage LLC 1 3.75% $8,225
LAKEVIEW LOAN SERVICING, LLC 1 3.00% $5,284
La Capitol Federal Credit Union 1 2.88% $6,203
VAN DYK MORTGAGE CORPORATION 1 3.25% $2,647
KELLER MORTGAGE, LLC 1 3.00% $5,373
INTERLINC MORTGAGE SERVICES, LLC 1 3.25% $1,742
GSF Mortgage Corporation 1 2.75% $5,646
Goldwater Bank, N.A. 1 2.88% $6,058
CHURCHILL MORTGAGE CORPORATION 1 2.75% $6,638
OCMBC, INC. 1 3.74% $11,125
PERFORMANCE MORTGAGE LLC 1 2.75% $8,901
Plains Commerce Bank 1 3.00% $6,568
Citizens Bank 1 3.25% $5,987

The top Baton Rouge USDA lender as defined by loan originations is GMFS LLC, with 423 USDA loans originated. Their average total fees are $3,771, which is $1,287 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 ($2,485), GMFS LLC ($3,771), Nations Lending Corporation ($4,388), Gateway First Bank ($4,684) and Flagstar Bank, FSB ($4,956).

The lowest rate Baton Rouge USDA lenders (with over 10 loans originated) are Red River Bank (2.53%), DHI MORTGAGE COMPANY, LTD. (2.69%), DSLD MORTGAGE, LLC (2.71%), NEWREZ LLC (2.74%) and Flagstar Bank, FSB (2.74%).


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Baton Rouge (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 $225,000 (2.5%) $302,277 (2.3%) 0.83 3,180
2018-02-01 $227,750 (5.0%) $304,126 (2.9%) 0.82 3,197
2018-03-01 $234,900 (5.2%) $311,120 (2.8%) 0.81 3,441
2018-04-01 $238,250 (5.9%) $314,800 (2.4%) 0.80 3,538
2018-05-01 $242,650 (5.6%) $316,407 (1.1%) 0.81 3,688
2018-06-01 $245,900 (7.2%) $316,593 (2.0%) 0.82 3,924
2018-07-01 $239,950 (4.8%) $311,189 (1.1%) 0.80 4,047
2018-08-01 $239,900 (5.2%) $309,527 (1.9%) 0.80 4,103
2018-09-01 $240,000 (5.7%) $307,907 (1.6%) 0.80 4,091
2018-10-01 $239,000 (4.4%) $304,914 (0.5%) 0.80 4,151
2018-11-01 $239,250 (4.6%) $303,635 (-0.2%) 0.80 4,135
2018-12-01 $238,000 (5.8%) $300,567 (-0.8%) 0.82 4,067
2019-01-01 $239,900 (6.6%) $304,507 (0.7%) 0.83 3,890
2019-02-01 $239,900 (5.3%) $303,373 (-0.3%) 0.80 3,989
2019-03-01 $242,229 (3.1%) $309,144 (-0.6%) 0.79 4,051
2019-04-01 $247,250 (3.8%) $315,688 (0.3%) 0.78 4,129
2019-05-01 $249,950 (3.0%) $318,361 (0.6%) 0.77 4,159
2019-06-01 $250,000 (1.7%) $318,146 (0.5%) 0.77 4,232
2019-07-01 $248,950 (3.8%) $314,435 (1.0%) 0.77 4,305
2019-08-01 $246,243 (2.6%) $312,283 (0.9%) 0.77 4,312
2019-09-01 $241,950 (0.8%) $307,543 (-0.1%) 0.77 4,260
2019-10-01 $244,800 (2.4%) $310,095 (1.7%) 0.78 4,268
2019-11-01 $242,900 (1.5%) $309,628 (2.0%) 0.78 4,228
2019-12-01 $240,818 (1.2%) $306,938 (2.1%) 0.80 4,034
2020-01-01 $239,900 (0.0%) $309,020 (1.5%) 0.80 3,838
2020-02-01 $245,000 (2.1%) $312,064 (2.9%) 0.79 3,847
2020-03-01 $249,900 (3.2%) $318,412 (3.0%) 0.78 3,848
2020-04-01 $248,950 (0.7%) $316,459 (0.2%) 0.78 3,836
2020-05-01 $255,000 (2.0%) $326,806 (2.7%) 0.77 3,669
2020-06-01 $263,650 (5.5%) $339,774 (6.8%) 0.77 3,385
2020-07-01 $265,000 (6.5%) $341,611 (8.6%) 0.76 3,274
2020-08-01 $269,900 (9.6%) $351,149 (12.5%) 0.77 3,021
2020-09-01 $278,950 (15.3%) $359,021 (16.7%) 0.80 2,840
2020-10-01 $276,060 (12.8%) $360,312 (16.2%) 0.79 2,613
2020-11-01 $275,000 (13.2%) $361,528 (16.8%) 0.79 2,547
2020-12-01 $274,950 (14.2%) $364,635 (18.8%) 0.81 2,471
2021-01-01 $274,900 (14.6%) $372,793 (20.6%) 0.81 2,260
2021-02-01 $284,100 (16.0%) $388,021 (24.3%) 0.82 1,957
2021-03-01 $292,400 (17.0%) $396,656 (24.6%) 0.82 1,774
2021-04-01 $302,650 (21.6%) $416,833 (31.7%) 0.81 1,629
2021-05-01 $315,750 (23.8%) $429,530 (31.4%) 0.83 1,529
2021-06-01 $310,000 (17.6%) $429,438 (26.4%) 0.81 1,545
2021-07-01 $306,855 (15.8%) $421,520 (23.4%) 0.80 1,628
2021-08-01 $300,000 (11.2%) $424,591 (20.9%) 0.79 1,621
2021-09-01 $302,255 (8.4%) $442,395 (23.2%) 0.80 1,539
2021-10-01 $300,000 (8.7%) $440,755 (22.3%) 0.79 1,470
2021-11-01 $317,995 (15.6%) $439,141 (21.5%) 0.84 1,351
2021-12-01 $329,950 (20.0%) $450,934 (23.7%) 0.88 1,217
2022-01-01 $335,000 (21.9%) $456,824 (22.5%) 0.89 1,092
2022-02-01 $341,775 (20.3%) $494,095 (27.3%) 0.87 1,001
2022-03-01 $349,500 (19.5%) $510,185 (28.6%) 0.86 979
2022-04-01 $349,999 (15.6%) $513,007 (23.1%) 0.82 1,027
Baton Rouge's median listing price for 2022-04-01 was $349,999, a difference of $47,349 (15.6%) versus the prior year and $499 versus the prior month.

Baton Rouge's median listing price comes in at 82% of the national average.

Baton Rouge's average listing price for 2022-04-01 was $513,007, a difference of $96,174 (23.1%) versus the prior year and $2,822 versus the prior month.

For the 2022-04-01 period, Baton Rouge had 1,027 MLS listings, a difference of 48 listings (5%) versus the prior month and -602 listings (-37%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Baton Rouge (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 88 days 1,881 sqft
2018-02-01 87 days 1,877 sqft
2018-03-01 64 days 1,908 sqft
2018-04-01 60 days 1,944 sqft
2018-05-01 64 days 1,952 sqft
2018-06-01 64 days 1,970 sqft
2018-07-01 66 days 1,960 sqft
2018-08-01 72 days 1,957 sqft
2018-09-01 77 days 1,950 sqft
2018-10-01 81 days 1,938 sqft
2018-11-01 87 days 1,933 sqft
2018-12-01 92 days 1,913 sqft
2019-01-01 98 days 1,919 sqft
2019-02-01 92 days 1,917 sqft
2019-03-01 77 days 1,932 sqft
2019-04-01 69 days 1,948 sqft
2019-05-01 71 days 1,973 sqft
2019-06-01 74 days 1,973 sqft
2019-07-01 78 days 1,939 sqft
2019-08-01 77 days 1,921 sqft
2019-09-01 78 days 1,905 sqft
2019-10-01 84 days 1,917 sqft
2019-11-01 91 days 1,912 sqft
2019-12-01 101 days 1,903 sqft
2020-01-01 105 days 1,885 sqft
2020-02-01 96 days 1,915 sqft
2020-03-01 81 days 1,926 sqft
2020-04-01 81 days 1,915 sqft
2020-05-01 91 days 1,950 sqft
2020-06-01 94 days 1,990 sqft
2020-07-01 80 days 1,998 sqft
2020-08-01 77 days 2,012 sqft
2020-09-01 80 days 2,053 sqft
2020-10-01 81 days 2,015 sqft
2020-11-01 81 days 2,012 sqft
2020-12-01 80 days 1,997 sqft
2021-01-01 87 days 1,981 sqft
2021-02-01 86 days 2,013 sqft
2021-03-01 67 days 2,016 sqft
2021-04-01 65 days 2,054 sqft
2021-05-01 58 days 2,071 sqft
2021-06-01 53 days 2,050 sqft
2021-07-01 49 days 2,052 sqft
2021-08-01 51 days 2,039 sqft
2021-09-01 64 days 2,033 sqft
2021-10-01 67 days 2,019 sqft
2021-11-01 67 days 2,062 sqft
2021-12-01 72 days 2,079 sqft
2022-01-01 78 days 2,079 sqft
2022-02-01 72 days 2,090 sqft
2022-03-01 54 days 2,127 sqft
2022-04-01 43 days 2,100 sqft
Baton Rouge's median listing age (time on market) for 2022-04-01 was 43 days. This is -33% shorter than the same period one year ago.

Baton Rouge's median square footage for active listings during the 2022-04-01 period was 2,100 sqft. One year prior, the average listing was 2,054 sqft.