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%.
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.
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. LouisDate | 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 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. LouisDate | 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 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.