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 51 lenders originated 456 USDA loans during 2023. The total origination value was $93,700,000, with an average USDA loan value of $205,482.

Baton Rouge USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Baton Rouge averaged 5.98% for the week of 2024-10-04, compared to the national average (all USDA variants) of 5.97% for the same period.

Baton Rouge's average USDA mortgage closing costs are $5,173.

The average rate for the prior week (2024-09-27) was 6.11% and one month ago for the week of 2024-08-30, the average rate was 5.84%.

The average rate one year ago was 6.89%.

For refis of the same type during the week of 2024-10-04, the average rate was 5.94%.

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

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
GMFS LLC 128 6.54% $4,956
Assurance Financial Group, L.L.C. 36 6.55% $7,703
UNITED WHOLESALE MORTGAGE, LLC 29 6.35% $8,345
CARDINAL FINANCIAL 24 6.54% $7,258
MOVEMENT MORTGAGE, LLC 19 6.38% $8,758
DSLD MORTGAGE, LLC 15 6.24% $3,989
DHI MORTGAGE COMPANY, LTD. 15 5.30% $5,505
NEWREZ LLC 15 6.20% $7,489
Gulf Coast Bank and Trust Company 11 6.51% $6,821
MID AMERICA MORTGAGE, INC. 10 6.48% $11,866
ARK-LA-TEX FINANCIAL SERVICES, LLC. 9 6.79% $4,829
EUSTIS AND AMERICAN MORTGAGE COMPANY 8 6.55% $7,472
Paramount Residential Mortgage Group, Inc. 7 6.57% $10,411
PLAZA HOME MORTGAGE, INC. 7 6.16% $13,691
GUILD MORTGAGE COMPANY 6 6.46% $7,471
AMCAP MORTGAGE, LTD. 6 6.63% $10,085
Regions Bank 6 6.23% $8,232
LEGEND LENDING CORPORATION 6 6.58% $9,449
FIDELITY BANK 5 6.12% $6,686
First Option Mortgage, LLC 5 6.85% $7,502
STANDARD MORTGAGE CORPORATION 5 6.05% $6,597
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 4 6.94% $7,730
Hancock Whitney Bank 4 5.97% $5,706
Wolfe Financial, Inc 3 7.04% $7,915
AMERICAN FINANCIAL RESOURCES, INC. 3 6.00% $8,681
CMG MORTGAGE, INC. 3 6.96% $8,081
CROSSCOUNTRY MORTGAGE, LLC 3 6.96% $7,598
FIRST COMMUNITY MORTGAGE, INC. 3 6.71% $6,750
HOMESIDE FINANCIAL, LLC 3 6.43% $5,700
Hometown Equity Mortgage, LLC 3 6.92% $7,565
Network Funding, L.P. 3 6.58% $6,747
PRIMARY RESIDENTIAL MORTGAGE, INC. 3 6.88% $7,821
Nations Lending Corporation 2 6.44% $4,789
BROKER SOLUTIONS, INC. 2 6.94% $9,813
AMERICAN FINANCIAL NETWORK, INC. 2 6.31% $7,398
MORTGAGE FINANCIAL SERVICES, LLC 2 6.19% $9,088
BankPlus 2 6.38% $2,992
Equity Prime Mortgage LLC 2 7.00% $8,579
LOANDEPOT.COM, LLC 2 5.94% $9,063
THE MORTGAGE FIRM, INC. 1 6.00% $8,671
UNION HOME MORTGAGE CORP. 1 6.13% $5,677
AmRes Corporation 1 6.25% $13,807
U.S. Bank 1 6.25% $7,567
HOMESPIRE MORTGAGE CORPORATION 1 6.50% $2,378
Red River Bank 1 5.50% $5,300
US MORTGAGE CORPORATION 1 6.50% $10,350
Cornerstone First Mortgage, Inc 1 6.63% $10,867
Century Mortgage Company DBA Century Lending Company 1 6.25% $8,879
GUARANTEED RATE, INC. 1 6.75% $6,092
BancorpSouth 1 6.38% $5,498
SUMMIT FUNDING, INC. 1 7.25% $14,784

The top Baton Rouge USDA lender as defined by loan originations is GMFS LLC, with 128 USDA loans originated. Their average total fees are $4,956, which is $2,748 lower than the next largest lender, Assurance Financial Group, L.L.C..

The lowest fee Baton Rouge USDA lenders (with over 10 loans originated) are DSLD MORTGAGE, LLC ($3,989), GMFS LLC ($4,956), DHI MORTGAGE COMPANY, LTD. ($5,505), Gulf Coast Bank and Trust Company ($6,821) and CARDINAL FINANCIAL ($7,258).

The lowest rate Baton Rouge USDA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (5.30%), NEWREZ LLC (6.20%), DSLD MORTGAGE, LLC (6.24%), UNITED WHOLESALE MORTGAGE, LLC (6.35%) and MOVEMENT MORTGAGE, LLC (6.38%).


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 (2.8%) $302,742 (3.0%) 0.83 3,170
2018-02-01 $225,725 (5.0%) $303,581 (3.2%) 0.82 3,191
2018-03-01 $234,900 (6.8%) $310,732 (3.3%) 0.82 3,427
2018-04-01 $238,375 (5.9%) $313,803 (2.4%) 0.81 3,504
2018-05-01 $240,400 (5.0%) $315,434 (1.1%) 0.80 3,662
2018-06-01 $244,900 (7.0%) $315,969 (2.3%) 0.82 3,881
2018-07-01 $239,900 (4.8%) $309,749 (0.8%) 0.80 4,009
2018-08-01 $239,900 (5.6%) $308,155 (1.7%) 0.80 4,035
2018-09-01 $239,900 (5.9%) $305,962 (1.1%) 0.81 4,012
2018-10-01 $236,400 (3.5%) $303,358 (-0.1%) 0.80 4,090
2018-11-01 $237,520 (4.6%) $302,216 (-0.8%) 0.81 4,064
2018-12-01 $236,150 (5.0%) $299,404 (-1.3%) 0.81 4,016
2019-01-01 $238,370 (5.9%) $302,018 (-0.2%) 0.82 3,860
2019-02-01 $239,700 (6.2%) $301,445 (-0.7%) 0.81 3,954
2019-03-01 $242,123 (3.1%) $307,675 (-1.0%) 0.79 3,997
2019-04-01 $247,000 (3.6%) $314,723 (0.3%) 0.78 4,056
2019-05-01 $249,900 (4.0%) $316,332 (0.3%) 0.78 4,090
2019-06-01 $249,999 (2.1%) $317,157 (0.4%) 0.78 4,188
2019-07-01 $248,691 (3.7%) $313,625 (1.3%) 0.78 4,245
2019-08-01 $246,836 (2.9%) $312,385 (1.4%) 0.78 4,264
2019-09-01 $245,241 (2.2%) $310,440 (1.5%) 0.78 4,226
2019-10-01 $243,475 (3.0%) $309,143 (1.9%) 0.79 4,201
2019-11-01 $241,095 (1.5%) $307,892 (1.9%) 0.79 4,153
2019-12-01 $239,950 (1.6%) $305,009 (1.9%) 0.80 3,980
2020-01-01 $239,900 (0.6%) $307,134 (1.7%) 0.80 3,806
2020-02-01 $240,950 (0.5%) $309,674 (2.7%) 0.79 3,821
2020-03-01 $248,975 (2.8%) $316,539 (2.9%) 0.78 3,836
2020-04-01 $245,975 (-0.4%) $314,725 (0.0%) 0.77 3,832
2020-05-01 $252,285 (1.0%) $324,546 (2.6%) 0.77 3,655
2020-06-01 $259,950 (4.0%) $336,885 (6.2%) 0.77 3,393
2020-07-01 $263,400 (5.9%) $338,836 (8.0%) 0.76 3,276
2020-08-01 $268,060 (8.6%) $346,779 (11.0%) 0.77 3,006
2020-09-01 $275,000 (12.1%) $354,372 (14.2%) 0.79 2,849
2020-10-01 $273,900 (12.5%) $355,012 (14.8%) 0.78 2,578
2020-11-01 $270,495 (12.2%) $356,804 (15.9%) 0.79 2,518
2020-12-01 $270,495 (12.7%) $360,342 (18.1%) 0.80 2,433
2021-01-01 $269,900 (12.5%) $366,043 (19.2%) 0.81 2,234
2021-02-01 $280,000 (16.2%) $383,660 (23.9%) 0.82 1,946
2021-03-01 $287,945 (15.7%) $387,907 (22.6%) 0.82 1,776
2021-04-01 $300,400 (22.1%) $407,532 (29.5%) 0.81 1,625
2021-05-01 $310,000 (22.9%) $418,791 (29.0%) 0.82 1,536
2021-06-01 $306,830 (18.0%) $419,574 (24.6%) 0.81 1,530
2021-07-01 $300,000 (13.9%) $412,993 (21.9%) 0.79 1,593
2021-08-01 $299,445 (11.7%) $405,705 (17.0%) 0.80 1,613
2021-09-01 $299,947 (9.1%) $406,804 (14.8%) 0.80 1,511
2021-10-01 $299,000 (9.2%) $404,565 (14.0%) 0.80 1,444
2021-11-01 $315,000 (16.5%) $414,970 (16.3%) 0.84 1,347
2021-12-01 $326,168 (20.6%) $422,717 (17.3%) 0.88 1,220
2022-01-01 $329,995 (22.3%) $433,119 (18.3%) 0.89 1,100
2022-02-01 $337,225 (20.4%) $456,064 (18.9%) 0.88 1,012
2022-03-01 $346,275 (20.3%) $476,550 (22.9%) 0.87 995
2022-04-01 $340,000 (13.2%) $479,521 (17.7%) 0.81 1,049
2022-05-01 $325,700 (5.1%) $453,946 (8.4%) 0.74 1,234
2022-06-01 $326,900 (6.5%) $444,522 (6.0%) 0.73 1,429
2022-07-01 $325,000 (8.3%) $427,133 (3.4%) 0.73 1,739
2022-08-01 $322,995 (7.9%) $421,934 (4.0%) 0.75 1,906
2022-09-01 $324,879 (8.3%) $420,370 (3.3%) 0.76 1,976
2022-10-01 $324,724 (8.6%) $418,464 (3.4%) 0.76 2,034
2022-11-01 $320,719 (1.8%) $415,353 (0.1%) 0.77 2,136
2022-12-01 $320,000 (-1.9%) $416,382 (-1.5%) 0.79 2,053
2023-01-01 $323,245 (-2.1%) $415,489 (-4.1%) 0.80 1,885
2023-02-01 $324,350 (-3.8%) $417,156 (-8.5%) 0.78 1,901
2023-03-01 $325,000 (-6.1%) $416,064 (-12.7%) 0.77 1,915
2023-04-01 $329,000 (-3.2%) $417,726 (-12.9%) 0.77 1,937
2023-05-01 $334,000 (2.6%) $435,291 (-4.1%) 0.76 2,010
2023-06-01 $335,000 (2.5%) $441,301 (-0.7%) 0.75 2,034
2023-07-01 $325,000 (0.0%) $434,272 (1.7%) 0.74 2,145
2023-08-01 $319,950 (-0.9%) $426,371 (1.1%) 0.73 2,285
2023-09-01 $310,000 (-4.6%) $415,492 (-1.2%) 0.72 2,384
2023-10-01 $301,954 (-7.0%) $403,445 (-3.6%) 0.71 2,549
2023-11-01 $299,990 (-6.5%) $399,473 (-3.8%) 0.71 2,576
2023-12-01 $299,000 (-6.6%) $395,653 (-5.0%) 0.73 2,531
2024-01-01 $294,900 (-8.8%) $393,136 (-5.4%) 0.72 2,460
2024-02-01 $299,450 (-7.7%) $400,653 (-4.0%) 0.72 2,373
2024-03-01 $305,000 (-6.2%) $406,012 (-2.4%) 0.72 2,435
2024-04-01 $312,500 (-5.0%) $413,422 (-1.0%) 0.73 2,489
2024-05-01 $315,495 (-5.5%) $419,451 (-3.6%) 0.71 2,559
2024-06-01 $313,685 (-6.4%) $406,900 (-7.8%) 0.70 2,719
2024-07-01 $312,495 (-3.9%) $402,663 (-7.3%) 0.71 2,848
2024-08-01 $301,995 (-5.6%) $394,293 (-7.5%) 0.70 2,975
2024-09-01 $306,675 (-1.1%) $397,480 (-4.3%) 0.00 2,926
Baton Rouge's median listing price for 2024-09-01 was $306,675, a difference of $-3,325 (-1.1%) versus the prior year and $4,680 versus the prior month.

Baton Rouge's median listing price comes in at 0% of the national average.

Baton Rouge's average listing price for 2024-09-01 was $397,480, a difference of $-18,012 (-4.3%) versus the prior year and $3,187 versus the prior month.

For the 2024-09-01 period, Baton Rouge had 2,926 MLS listings, a difference of -49 listings (-2%) versus the prior month and 542 listings (23%) 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 82 days 1,881 sqft
2018-02-01 80 days 1,878 sqft
2018-03-01 57 days 1,908 sqft
2018-04-01 56 days 1,941 sqft
2018-05-01 59 days 1,947 sqft
2018-06-01 59 days 1,965 sqft
2018-07-01 63 days 1,954 sqft
2018-08-01 68 days 1,951 sqft
2018-09-01 72 days 1,942 sqft
2018-10-01 77 days 1,931 sqft
2018-11-01 81 days 1,927 sqft
2018-12-01 87 days 1,910 sqft
2019-01-01 91 days 1,911 sqft
2019-02-01 83 days 1,913 sqft
2019-03-01 72 days 1,930 sqft
2019-04-01 66 days 1,949 sqft
2019-05-01 66 days 1,971 sqft
2019-06-01 69 days 1,973 sqft
2019-07-01 72 days 1,943 sqft
2019-08-01 73 days 1,933 sqft
2019-09-01 77 days 1,928 sqft
2019-10-01 80 days 1,921 sqft
2019-11-01 86 days 1,914 sqft
2019-12-01 94 days 1,902 sqft
2020-01-01 97 days 1,880 sqft
2020-02-01 87 days 1,912 sqft
2020-03-01 68 days 1,925 sqft
2020-04-01 75 days 1,914 sqft
2020-05-01 85 days 1,943 sqft
2020-06-01 85 days 1,982 sqft
2020-07-01 69 days 1,989 sqft
2020-08-01 66 days 2,006 sqft
2020-09-01 68 days 2,051 sqft
2020-10-01 73 days 2,014 sqft
2020-11-01 72 days 2,005 sqft
2020-12-01 72 days 1,992 sqft
2021-01-01 75 days 1,974 sqft
2021-02-01 74 days 2,010 sqft
2021-03-01 58 days 2,011 sqft
2021-04-01 55 days 2,055 sqft
2021-05-01 51 days 2,069 sqft
2021-06-01 47 days 2,035 sqft
2021-07-01 43 days 2,032 sqft
2021-08-01 47 days 2,020 sqft
2021-09-01 60 days 2,022 sqft
2021-10-01 65 days 2,012 sqft
2021-11-01 59 days 2,059 sqft
2021-12-01 66 days 2,075 sqft
2022-01-01 71 days 2,069 sqft
2022-02-01 61 days 2,079 sqft
2022-03-01 44 days 2,111 sqft
2022-04-01 37 days 2,077 sqft
2022-05-01 37 days 2,045 sqft
2022-06-01 37 days 2,038 sqft
2022-07-01 38 days 2,012 sqft
2022-08-01 49 days 2,010 sqft
2022-09-01 58 days 2,010 sqft
2022-10-01 65 days 2,010 sqft
2022-11-01 67 days 2,010 sqft
2022-12-01 80 days 2,010 sqft
2023-01-01 88 days 2,002 sqft
2023-02-01 86 days 2,007 sqft
2023-03-01 65 days 2,004 sqft
2023-04-01 61 days 2,013 sqft
2023-05-01 60 days 2,033 sqft
2023-06-01 61 days 2,023 sqft
2023-07-01 58 days 1,993 sqft
2023-08-01 58 days 1,984 sqft
2023-09-01 60 days 1,961 sqft
2023-10-01 63 days 1,931 sqft
2023-11-01 69 days 1,915 sqft
2023-12-01 80 days 1,894 sqft
2024-01-01 90 days 1,884 sqft
2024-02-01 87 days 1,909 sqft
2024-03-01 64 days 1,930 sqft
2024-04-01 61 days 1,947 sqft
2024-05-01 61 days 1,958 sqft
2024-06-01 58 days 1,927 sqft
2024-07-01 60 days 1,909 sqft
2024-08-01 65 days 1,900 sqft
2024-09-01 0 days 1,904 sqft
Baton Rouge's median listing age (time on market) for 2024-09-01 was 0 days. This is -100% shorter than the same period one year ago.

Baton Rouge's median square footage for active listings during the 2024-09-01 period was 1,904 sqft. One year prior, the average listing was 1,961 sqft.