Baton Rouge USDA Loans

BATON ROUGE, LA

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    • 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.