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 66 lenders originated 1,022 USDA loans during 2022. The total origination value was $214,180,000, with an average USDA loan value of $209,569.

Baton Rouge USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Baton Rouge averaged 6.29% for the week of 2024-02-16, compared to the national average (all USDA variants) of 6.685% for the same period.

Baton Rouge's average USDA mortgage closing costs are $5,070.

The average rate for the prior week (2024-02-09) was 6.03% and one month ago for the week of 2024-01-12, the average rate was 6.15%.

The average rate one year ago was 5.79%.

For refis of the same type during the week of 2024-02-16, the average rate was 5.21%.

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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
GMFS LLC 240 4.64% $4,864
CARDINAL FINANCIAL 73 4.61% $7,057
Assurance Financial Group, L.L.C. 69 4.73% $6,873
DSLD MORTGAGE, LLC 67 4.33% $4,515
DHI MORTGAGE COMPANY, LTD. 53 4.13% $6,247
EUSTIS AND AMERICAN MORTGAGE COMPANY 39 4.63% $7,994
UNITED WHOLESALE MORTGAGE, LLC 36 4.83% $7,118
HOME POINT FINANCIAL CORPORATION 34 4.26% $7,313
MOVEMENT MORTGAGE, LLC 32 4.78% $5,980
First Option Mortgage, LLC 28 5.05% $8,303
Gateway First Bank 27 4.48% $5,964
Flagstar Bank, FSB 18 4.11% $5,658
CALIBER HOME LOANS, INC. 17 4.44% $6,381
MID AMERICA MORTGAGE, INC. 17 5.08% $6,449
STANDARD MORTGAGE CORPORATION 16 4.19% $6,501
FIDELITY BANK 16 4.66% $6,944
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 16 5.25% $7,197
AMCAP MORTGAGE, LTD. 15 4.92% $8,839
AMERICAN FINANCIAL RESOURCES, INC. 13 5.02% $5,987
Hometown Equity Mortgage, LLC 12 3.90% $9,124
Gulf Coast Bank and Trust Company 11 4.93% $6,176
Hancock Whitney Bank 10 4.41% $6,241
Network Funding, L.P. 9 4.79% $6,338
PRIMARY RESIDENTIAL MORTGAGE, INC. 8 4.59% $7,069
GUILD MORTGAGE COMPANY 7 4.75% $6,861
MORTGAGE FINANCIAL SERVICES, LLC 7 3.66% $6,815
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 7 5.04% $5,855
THE MORTGAGE FIRM, INC. 7 4.18% $6,267
LEGEND LENDING CORPORATION 6 6.31% $9,184
UNION HOME MORTGAGE CORP. 6 4.96% $6,966
PLAZA HOME MORTGAGE, INC. 5 5.60% $8,567
GUARANTEED RATE, INC. 5 4.76% $7,009
PENNYMAC LOAN SERVICES, LLC 5 3.19% $5,500
Paramount Residential Mortgage Group, Inc. 5 5.23% $8,641
ANGEL OAK HOME LOANS LLC 5 3.73% $5,959
NEWREZ LLC 5 5.13% $7,567
Republic State Mortgage Co. 4 4.63% $7,450
HOMESPIRE MORTGAGE CORPORATION 4 5.41% $8,337
LOANDEPOT.COM, LLC 4 4.81% $6,749
Red River Bank 4 4.41% $5,587
SOUTHWEST FUNDING, LP 4 4.59% $8,110
First Horizon Bank 3 4.50% $5,661
SUMMIT FUNDING, INC. 3 5.71% $11,348
CROSSCOUNTRY MORTGAGE, LLC 2 5.63% $6,788
Equity Prime Mortgage LLC 2 7.31% $5,632
FBT Mortgage, L.L.C. 2 3.75% $5,864
Bank of England 2 5.06% $7,762
Nations Lending Corporation 2 3.88% $4,618
OCMBC, INC. 2 3.38% $10,211
PLANET HOME LENDING, LLC 2 3.69% $6,823
Regions Bank 2 5.75% $6,594
SWBC MORTGAGE CORPORATION 2 5.25% $3,888
Wolfe Financial, Inc 2 4.81% $6,416
LEADERONE FINANCIAL CORPORATION 1 7.25% $6,743
DRAPER AND KRAMER MORTGAGE CORP. 1 3.25% $6,727
HOMESIDE FINANCIAL, LLC 1 6.13% $10,226
Citizens Bank 1 5.25% $5,785
HOMEBRIDGE FINANCIAL SERVICES, INC. 1 2.88% $9,099
CMG MORTGAGE, INC. 1 4.50% $6,208
EMM LOANS LLC 1 3.38% $10,942
FREEDOM MORTGAGE CORPORATION 1 6.38% $8,953
THRIVE MORTGAGE, LLC 1 3.75% $8,339
Plains Commerce Bank 1 5.13% $6,426
TOP FLITE FINANCIAL, INC. 1 4.25% $8,631
PERFORMANCE MORTGAGE LLC 1 5.25% $7,555
Austin Capital Bank SSB 1 3.63% $6,900

The top Baton Rouge USDA lender as defined by loan originations is GMFS LLC, with 240 USDA loans originated. Their average total fees are $4,864, which is $2,193 lower than the next largest lender, CARDINAL FINANCIAL.

The lowest fee Baton Rouge USDA lenders (with over 10 loans originated) are DSLD MORTGAGE, LLC ($4,515), GMFS LLC ($4,864), Flagstar Bank, FSB ($5,658), Gateway First Bank ($5,964) and MOVEMENT MORTGAGE, LLC ($5,980).

The lowest rate Baton Rouge USDA lenders (with over 10 loans originated) are Hometown Equity Mortgage, LLC (3.90%), Flagstar Bank, FSB (4.11%), DHI MORTGAGE COMPANY, LTD. (4.13%), STANDARD MORTGAGE CORPORATION (4.19%) and HOME POINT FINANCIAL CORPORATION (4.26%).


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
Baton Rouge's median listing price for 2023-12-01 was $299,000, a difference of $-21,000 (-6.6%) versus the prior year and $-990 versus the prior month.

Baton Rouge's median listing price comes in at 73% of the national average.

Baton Rouge's average listing price for 2023-12-01 was $395,653, a difference of $-20,729 (-5.0%) versus the prior year and $-3,820 versus the prior month.

For the 2023-12-01 period, Baton Rouge had 2,531 MLS listings, a difference of -45 listings (-2%) versus the prior month and 478 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 76 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
Baton Rouge's median listing age (time on market) for 2023-12-01 was 80 days. This is -1% shorter than the same period one year ago.

Baton Rouge's median square footage for active listings during the 2023-12-01 period was 1,894 sqft. One year prior, the average listing was 2,010 sqft.