Baton Rouge USDA Loan Rates, Closing Costs & Stats

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 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 6.45% for the week of 2025-04-11, compared to the national average (all USDA variants) of 6.449% for the same period.

    Baton Rouge's average USDA mortgage closing costs are $5,241.

    The average rate for the prior week (2025-04-04) was 6.61% and one month ago for the week of 2025-03-07, the average rate was 6.57%.

    The average rate one year ago was 6.83%.

    For refis of the same type during the week of 2025-04-11, the average rate was 6.42%.

    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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    GMFS LLC 144 6.39% $4,365
    DSLD MORTGAGE, LLC 39 5.73% $3,250
    UNITED WHOLESALE MORTGAGE, LLC 26 6.28% $8,674
    MOVEMENT MORTGAGE, LLC 22 6.47% $8,261
    DHI MORTGAGE COMPANY, LTD. 19 4.68% $5,700
    NEWREZ LLC 18 6.48% $6,927
    Assurance Financial Group, L.L.C. 18 6.51% $6,917
    EUSTIS AND AMERICAN MORTGAGE COMPANY 16 6.18% $7,563
    Equity Prime Mortgage LLC 16 6.52% $6,843
    Residential Acceptance Corporation 15 7.01% $11,374
    Hancock Whitney Bank 14 6.01% $7,202
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 13 6.54% $4,146
    HOMESPIRE MORTGAGE CORPORATION 12 6.31% $7,947
    FIDELITY BANK 11 6.46% $7,099
    Gulf Coast Bank and Trust Company 10 6.33% $6,213
    CMG MORTGAGE, INC. 8 7.06% $9,086
    CANOPY MORTGAGE, LLC 7 6.36% $8,412
    AMERICAN FINANCIAL RESOURCES, INC. 6 6.75% $7,126
    GUILD MORTGAGE COMPANY 6 6.24% $7,033
    THE MORTGAGE FIRM, INC. 6 6.66% $7,028
    Red River Bank 5 5.97% $5,943
    CROSSCOUNTRY MORTGAGE, LLC 5 6.80% $9,374
    First Option Mortgage, LLC 5 6.80% $7,142
    Flagstar Bank, FSB 5 6.68% $5,088
    Paramount Residential Mortgage Group, Inc. 4 6.41% $5,890
    UNION HOME MORTGAGE CORP. 4 6.09% $7,889
    HOMESIDE FINANCIAL, LLC 4 6.69% $7,353
    Wolfe Financial, Inc 3 6.29% $7,579
    CARDINAL FINANCIAL 3 6.92% $7,095
    GENEVA FINANCIAL, LLC 3 6.54% $8,276
    SOUTHWEST FUNDING, LP 3 6.75% $9,128
    SUN WEST MORTGAGE COMPANY, INC. 3 6.46% $10,840
    Merchants & Marine Bank 2 6.81% $6,010
    BROKER SOLUTIONS, INC. 2 6.51% $6,240
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 7.00% $7,209
    BankPlus 2 6.19% $4,768
    OPEN MORTGAGE, LLC 2 6.19% $22,368
    Hometown Equity Mortgage, LLC 2 6.81% $5,247
    MID AMERICA MORTGAGE, INC. 2 6.63% $3,888
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 6.62% $10,237
    Goldwater Bank, N.A. 1 6.38% $5,829
    PLAZA HOME MORTGAGE, INC. 1 5.63% $8,492
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 7.25% $6,622
    FIRST COMMUNITY MORTGAGE, INC. 1 6.25% $4,853
    Regions Bank 1 6.25% $9,054
    US MORTGAGE CORPORATION 1 5.88% $12,066
    AMERICAN FINANCIAL NETWORK, INC. 1 6.75% $5,941
    T2 FINANCIAL LLC 1 5.62% $10,491
    TOWNE MORTGAGE COMPANY 1 6.75% $9,224
    AMERITRUST MORTGAGE CORPORATION 1 6.75% $8,740
    LOANDEPOT.COM, LLC 1 6.25% $6,605
    LAND HOME FINANCIAL SERVICES, INC. 1 5.88% $9,523
    MORTGAGE FINANCIAL SERVICES, LLC 1 6.25% $6,339
    Mortgage Research Center, LLC 1 7.13% $2,645
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 6.25% $6,893
    HOMEBRIDGE FINANCIAL SERVICES, INC. 1 6.75% $9,068
    Nations Lending Corporation 1 6.00% $6,028
    Network Funding, L.P. 1 6.88% $5,657

    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%).

    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 (2.7%) $302,787 (3.0%) 0.83 3,172
    2018-02-01 $225,793 (5.0%) $303,625 (3.2%) 0.82 3,193
    2018-03-01 $234,900 (6.8%) $310,914 (3.3%) 0.82 3,430
    2018-04-01 $238,504 (6.0%) $313,980 (2.4%) 0.81 3,507
    2018-05-01 $240,700 (5.1%) $315,601 (1.2%) 0.80 3,665
    2018-06-01 $245,000 (7.0%) $316,128 (2.3%) 0.82 3,884
    2018-07-01 $239,900 (4.8%) $309,907 (0.8%) 0.80 4,012
    2018-08-01 $239,900 (5.5%) $308,314 (1.7%) 0.80 4,038
    2018-09-01 $239,900 (5.9%) $306,124 (1.1%) 0.81 4,014
    2018-10-01 $236,430 (3.5%) $303,515 (-0.1%) 0.80 4,092
    2018-11-01 $237,735 (4.7%) $302,359 (-0.8%) 0.81 4,066
    2018-12-01 $236,150 (5.0%) $299,534 (-1.2%) 0.81 4,017
    2019-01-01 $238,461 (6.0%) $302,152 (-0.2%) 0.82 3,861
    2019-02-01 $239,700 (6.2%) $301,575 (-0.7%) 0.81 3,955
    2019-03-01 $242,137 (3.1%) $307,802 (-1.0%) 0.79 3,998
    2019-04-01 $247,000 (3.6%) $314,846 (0.3%) 0.78 4,057
    2019-05-01 $249,900 (3.8%) $316,437 (0.3%) 0.78 4,091
    2019-06-01 $249,999 (2.0%) $317,220 (0.4%) 0.78 4,190
    2019-07-01 $248,691 (3.7%) $313,687 (1.2%) 0.78 4,246
    2019-08-01 $246,836 (2.9%) $312,430 (1.3%) 0.78 4,265
    2019-09-01 $245,241 (2.2%) $310,459 (1.4%) 0.78 4,227
    2019-10-01 $243,475 (3.0%) $309,146 (1.9%) 0.79 4,201
    2019-11-01 $241,095 (1.4%) $307,892 (1.8%) 0.79 4,153
    2019-12-01 $239,950 (1.6%) $305,002 (1.8%) 0.80 3,981
    2020-01-01 $239,900 (0.6%) $307,245 (1.7%) 0.80 3,806
    2020-02-01 $241,000 (0.5%) $309,783 (2.7%) 0.79 3,821
    2020-03-01 $249,000 (2.8%) $316,647 (2.9%) 0.78 3,836
    2020-04-01 $246,025 (-0.4%) $314,833 (0.0%) 0.77 3,832
    2020-05-01 $252,420 (1.0%) $324,657 (2.6%) 0.77 3,655
    2020-06-01 $259,950 (4.0%) $337,001 (6.2%) 0.77 3,393
    2020-07-01 $263,425 (5.9%) $338,955 (8.1%) 0.76 3,276
    2020-08-01 $268,280 (8.7%) $346,906 (11.0%) 0.77 3,006
    2020-09-01 $275,000 (12.1%) $354,504 (14.2%) 0.79 2,849
    2020-10-01 $273,900 (12.5%) $355,158 (14.9%) 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 (19.1%) 0.81 2,234
    2021-02-01 $280,000 (16.2%) $383,660 (23.9%) 0.82 1,946
    2021-03-01 $287,945 (15.6%) $387,907 (22.5%) 0.82 1,776
    2021-04-01 $300,400 (22.1%) $407,532 (29.4%) 0.81 1,625
    2021-05-01 $310,000 (22.8%) $418,791 (29.0%) 0.82 1,536
    2021-06-01 $306,830 (18.0%) $419,574 (24.5%) 0.81 1,530
    2021-07-01 $300,000 (13.9%) $412,993 (21.8%) 0.79 1,593
    2021-08-01 $299,445 (11.6%) $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 (13.9%) 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%) $427,118 (3.4%) 0.73 1,740
    2022-08-01 $323,000 (7.9%) $421,922 (4.0%) 0.75 1,907
    2022-09-01 $324,968 (8.3%) $420,356 (3.3%) 0.76 1,977
    2022-10-01 $324,900 (8.7%) $418,547 (3.5%) 0.76 2,033
    2022-11-01 $320,938 (1.9%) $415,400 (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 $301,912 (-7.1%) $403,396 (-3.6%) 0.71 2,550
    2023-11-01 $299,990 (-6.5%) $399,426 (-3.9%) 0.71 2,577
    2023-12-01 $299,000 (-6.6%) $395,607 (-5.0%) 0.73 2,532
    2024-01-01 $294,900 (-8.8%) $393,091 (-5.4%) 0.72 2,461
    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 $315,720 (-5.5%) $418,672 (-3.8%) 0.72 2,558
    2024-06-01 $313,685 (-6.4%) $406,900 (-7.8%) 0.71 2,718
    2024-07-01 $312,495 (-3.9%) $402,718 (-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%) 0.72 2,926
    2024-10-01 $299,950 (-0.7%) $392,126 (-2.8%) 0.71 2,997
    2024-11-01 $299,000 (-0.3%) $391,644 (-2.0%) 0.72 3,000
    2024-12-01 $296,975 (-0.7%) $386,849 (-2.2%) 0.74 2,943
    2025-01-01 $295,656 (0.3%) $389,727 (-0.9%) 0.74 2,782
    2025-02-01 $296,675 (-0.9%) $394,916 (-1.4%) 0.72 2,803
    2025-03-01 $299,990 (-1.6%) $399,035 (-1.7%) 0.00 2,858
    Baton Rouge's median listing price for 2025-03-01 was $299,990, a difference of $-5,010 (-1.6%) versus the prior year and $3,315 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 2025-03-01 was $399,035, a difference of $-6,977 (-1.7%) versus the prior year and $4,119 versus the prior month.

    For the 2025-03-01 period, Baton Rouge had 2,858 MLS listings, a difference of 55 listings (2%) versus the prior month and 423 listings (17%) 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 1,944 sqft
    2018-05-01 59 days 1,950 sqft
    2018-06-01 59 days 1,966 sqft
    2018-07-01 63 days 1,955 sqft
    2018-08-01 68 days 1,952 sqft
    2018-09-01 72 days 1,945 sqft
    2018-10-01 77 days 1,933 sqft
    2018-11-01 81 days 1,928 sqft
    2018-12-01 87 days 1,910 sqft
    2019-01-01 91 days 1,912 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 1,972 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 86 days 1,982 sqft
    2020-07-01 69 days 1,989 sqft
    2020-08-01 66 days 2,007 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 2,011 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 79 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 1,961 sqft
    2024-06-01 59 days 1,927 sqft
    2024-07-01 60 days 1,909 sqft
    2024-08-01 65 days 1,900 sqft
    2024-09-01 73 days 1,904 sqft
    2024-10-01 75 days 1,887 sqft
    2024-11-01 81 days 1,881 sqft
    2024-12-01 86 days 1,866 sqft
    2025-01-01 95 days 1,860 sqft
    2025-02-01 94 days 1,872 sqft
    2025-03-01 0 days 1,878 sqft
    Baton Rouge's median listing age (time on market) for 2025-03-01 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 2025-03-01 period was 1,878 sqft. One year prior, the average listing was 1,930 sqft.