Bogalusa USDA Loan Rates, Closing Costs & Stats

Bogalusa, 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.

    Bogalusa's 12 lenders originated 24 USDA loans during 2023. The total origination value was $3,620,000, with an average USDA loan value of $150,833.

    Bogalusa USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Bogalusa averaged 0.27% for the week of 2024-11-15, compared to the national average (all USDA variants) of 0% for the same period.

    Bogalusa's average USDA mortgage closing costs are $4,656.

    The average rate for the prior week (2024-11-08) was 6.43% and one month ago for the week of 2024-10-11, the average rate was 6.29%.

    The average rate one year ago was 7.31%.

    For refis of the same type during the week of 2024-11-15, the average rate was -0.2%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    Bogalusa 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 Bogalusa level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    GMFS LLC 7 6.34% $3,001
    NEWREZ LLC 5 6.68% $6,943
    UNITED WHOLESALE MORTGAGE, LLC 3 6.75% $6,363
    EUSTIS AND AMERICAN MORTGAGE COMPANY 1 7.00% $6,940
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 7.13% $6,228
    AMERICAN FINANCIAL RESOURCES, INC. 1 7.00% $3,219
    Hancock Whitney Bank 1 6.00% $5,666
    MOVEMENT MORTGAGE, LLC 1 6.25% $7,138
    MUTUAL OF OMAHA MORTGAGE, INC. 1 6.75% $7,636
    Gulf Coast Bank and Trust Company 1 6.13% $5,468
    Cornerstone First Mortgage, Inc 1 7.13% $5,605
    DRAPER AND KRAMER MORTGAGE CORP. 1 7.13% $6,667

    The top Bogalusa USDA lender as defined by loan originations is GMFS LLC, with 7 USDA loans originated. Their average total fees are $3,001, which is $3,942 lower than the next largest lender, NEWREZ LLC.

    The lowest fee Bogalusa USDA lenders (with over 10 loans originated) are .

    The lowest rate Bogalusa USDA lenders (with over 10 loans originated) are .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Bogalusa (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 $151,905 (-1.2%) $246,158 (4.7%) 0.00 122
    2018-02-01 $149,835 (5.0%) $251,345 (11.0%) 0.00 113
    2018-03-01 $149,900 (7.1%) $249,910 (10.1%) 0.00 119
    2018-04-01 $152,825 (17.6%) $248,889 (8.7%) 0.00 123
    2018-05-01 $154,665 (10.5%) $248,325 (2.1%) 0.00 128
    2018-06-01 $162,450 (8.3%) $249,617 (-2.0%) 0.00 123
    2018-07-01 $162,500 (9.1%) $252,208 (5.0%) 0.00 124
    2018-08-01 $169,900 (17.3%) $254,821 (9.1%) 0.00 117
    2018-09-01 $165,000 (11.9%) $228,149 (-3.6%) 0.00 121
    2018-10-01 $160,315 (9.1%) $318,152 (36.8%) 0.00 120
    2018-11-01 $160,858 (8.7%) $331,648 (38.4%) 0.00 118
    2018-12-01 $149,900 (-1.4%) $343,483 (42.3%) 0.00 120
    2019-01-01 $149,900 (-1.3%) $323,370 (31.4%) 0.00 128
    2019-02-01 $149,900 (0.0%) $328,474 (30.7%) 0.00 127
    2019-03-01 $158,471 (5.7%) $330,272 (32.2%) 0.00 121
    2019-04-01 $166,021 (8.6%) $323,000 (29.8%) 0.00 120
    2019-05-01 $159,225 (3.0%) $302,529 (21.8%) 0.00 124
    2019-06-01 $162,500 (0.0%) $311,362 (24.7%) 0.00 123
    2019-07-01 $168,150 (3.5%) $322,426 (27.8%) 0.00 116
    2019-08-01 $168,277 (-1.0%) $319,152 (25.3%) 0.00 119
    2019-09-01 $168,467 (2.1%) $317,731 (39.3%) 0.00 124
    2019-10-01 $164,286 (2.5%) $292,712 (-8.0%) 0.00 128
    2019-11-01 $164,300 (2.1%) $228,747 (-31.0%) 0.00 116
    2019-12-01 $160,000 (6.7%) $233,126 (-32.1%) 0.00 107
    2020-01-01 $158,750 (5.9%) $241,398 (-25.4%) 0.00 93
    2020-02-01 $160,000 (6.7%) $243,824 (-25.8%) 0.00 95
    2020-03-01 $172,697 (9.0%) $237,894 (-28.0%) 0.00 111
    2020-04-01 $167,798 (1.1%) $235,228 (-27.2%) 0.00 111
    2020-05-01 $162,076 (1.8%) $228,166 (-24.6%) 0.00 104
    2020-06-01 $165,000 (1.5%) $235,780 (-24.3%) 0.00 94
    2020-07-01 $175,825 (4.6%) $245,850 (-23.8%) 0.00 84
    2020-08-01 $176,453 (4.9%) $241,656 (-24.3%) 0.00 83
    2020-09-01 $175,000 (3.9%) $244,145 (-23.2%) 0.00 73
    2020-10-01 $174,000 (5.9%) $252,434 (-13.8%) 0.00 65
    2020-11-01 $193,500 (17.8%) $262,888 (14.9%) 0.00 56
    2020-12-01 $171,500 (7.2%) $232,239 (-0.4%) 0.00 63
    2021-01-01 $150,000 (-5.5%) $210,275 (-12.9%) 0.00 58
    2021-02-01 $143,500 (-10.3%) $201,768 (-17.3%) 0.00 54
    2021-03-01 $162,500 (-5.9%) $247,751 (4.1%) 0.00 43
    2021-04-01 $159,250 (-5.1%) $230,746 (-1.9%) 0.00 38
    2021-05-01 $180,000 (11.1%) $240,372 (5.4%) 0.00 42
    2021-06-01 $180,000 (9.1%) $222,129 (-5.8%) 0.00 53
    2021-07-01 $198,000 (12.6%) $326,270 (32.7%) 0.00 57
    2021-08-01 $199,750 (13.2%) $343,399 (42.1%) 0.00 53
    2021-09-01 $203,500 (16.3%) $351,082 (43.8%) 0.00 54
    2021-10-01 $208,800 (20.0%) $357,500 (41.6%) 0.00 51
    2021-11-01 $236,250 (22.1%) $271,681 (3.3%) 0.00 46
    2021-12-01 $215,000 (25.4%) $235,252 (1.3%) 0.00 46
    2022-01-01 $180,000 (20.0%) $228,714 (8.8%) 0.00 39
    2022-02-01 $172,500 (20.2%) $223,511 (10.8%) 0.00 35
    2022-03-01 $137,500 (-15.4%) $208,321 (-15.9%) 0.00 41
    2022-04-01 $170,000 (6.8%) $211,114 (-8.5%) 0.00 42
    2022-05-01 $215,000 (19.4%) $266,366 (10.8%) 0.00 46
    2022-06-01 $194,625 (8.1%) $244,537 (10.1%) 0.00 57
    2022-07-01 $198,750 (0.4%) $254,009 (-22.2%) 0.00 58
    2022-08-01 $173,500 (-13.1%) $230,672 (-32.8%) 0.00 64
    2022-09-01 $179,625 (-11.7%) $243,934 (-30.5%) 0.00 62
    2022-10-01 $192,000 (-8.1%) $247,730 (-30.7%) 0.00 72
    2022-11-01 $187,000 (-20.9%) $239,116 (-12.0%) 0.00 78
    2022-12-01 $179,863 (-16.3%) $241,413 (2.6%) 0.00 73
    2023-01-01 $199,875 (11.0%) $255,251 (11.6%) 0.00 64
    2023-02-01 $216,876 (25.7%) $257,851 (15.4%) 0.00 61
    2023-03-01 $222,500 (61.8%) $269,061 (29.2%) 0.00 62
    2023-04-01 $207,450 (22.0%) $263,845 (25.0%) 0.00 61
    2023-05-01 $199,900 (-7.0%) $258,553 (-2.9%) 0.00 61
    2023-06-01 $233,750 (20.1%) $277,762 (13.6%) 0.00 65
    2023-07-01 $210,000 (5.7%) $261,639 (3.0%) 0.00 82
    2023-08-01 $204,750 (18.0%) $270,834 (17.4%) 0.00 87
    2023-09-01 $230,000 (28.0%) $277,134 (13.6%) 0.00 84
    2023-10-01 $227,250 (18.4%) $269,949 (9.0%) 0.00 86
    2023-11-01 $200,500 (7.2%) $258,175 (8.0%) 0.00 88
    2023-12-01 $199,000 (10.6%) $267,133 (10.7%) 0.00 89
    2024-01-01 $203,850 (2.0%) $258,600 (1.3%) 0.00 85
    2024-02-01 $199,975 (-7.8%) $253,550 (-1.7%) 0.00 80
    2024-03-01 $232,500 (4.5%) $277,166 (3.0%) 0.00 77
    2024-04-01 $239,840 (15.6%) $302,577 (14.7%) 0.00 79
    2024-05-01 $236,090 (18.1%) $286,549 (10.8%) 0.00 102
    2024-06-01 $230,000 (-1.6%) $276,721 (-0.4%) 0.00 111
    2024-07-01 $208,250 (-0.8%) $258,781 (-1.1%) 0.00 122
    2024-08-01 $199,995 (-2.3%) $255,750 (-5.6%) 0.00 120
    2024-09-01 $200,000 (-13.0%) $253,225 (-8.6%) 0.00 117
    2024-10-01 $203,750 (-10.3%) $250,210 (-7.3%) 0.00 126
    Bogalusa's median listing price for 2024-10-01 was $203,750, a difference of $-23,500 (-10.3%) versus the prior year and $3,750 versus the prior month.

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

    Bogalusa's average listing price for 2024-10-01 was $250,210, a difference of $-19,739 (-7.3%) versus the prior year and $-3,015 versus the prior month.

    For the 2024-10-01 period, Bogalusa had 126 MLS listings, a difference of 9 listings (8%) versus the prior month and 40 listings (47%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Bogalusa (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,797 sqft
    2018-02-01 0 days 1,794 sqft
    2018-03-01 0 days 1,845 sqft
    2018-04-01 0 days 1,855 sqft
    2018-05-01 0 days 1,868 sqft
    2018-06-01 0 days 1,966 sqft
    2018-07-01 0 days 2,000 sqft
    2018-08-01 0 days 1,927 sqft
    2018-09-01 0 days 1,937 sqft
    2018-10-01 0 days 1,990 sqft
    2018-11-01 0 days 1,998 sqft
    2018-12-01 0 days 1,853 sqft
    2019-01-01 0 days 1,918 sqft
    2019-02-01 0 days 1,983 sqft
    2019-03-01 0 days 2,000 sqft
    2019-04-01 0 days 2,000 sqft
    2019-05-01 0 days 1,885 sqft
    2019-06-01 0 days 1,944 sqft
    2019-07-01 0 days 1,973 sqft
    2019-08-01 0 days 1,931 sqft
    2019-09-01 0 days 1,929 sqft
    2019-10-01 0 days 1,927 sqft
    2019-11-01 0 days 1,927 sqft
    2019-12-01 0 days 1,923 sqft
    2020-01-01 0 days 1,923 sqft
    2020-02-01 0 days 1,929 sqft
    2020-03-01 0 days 1,835 sqft
    2020-04-01 0 days 1,826 sqft
    2020-05-01 0 days 1,836 sqft
    2020-06-01 0 days 1,851 sqft
    2020-07-01 0 days 1,915 sqft
    2020-08-01 0 days 1,915 sqft
    2020-09-01 0 days 1,955 sqft
    2020-10-01 0 days 2,009 sqft
    2020-11-01 0 days 2,082 sqft
    2020-12-01 0 days 1,968 sqft
    2021-01-01 0 days 1,892 sqft
    2021-02-01 0 days 1,885 sqft
    2021-03-01 0 days 1,972 sqft
    2021-04-01 0 days 1,701 sqft
    2021-05-01 0 days 1,668 sqft
    2021-06-01 0 days 1,615 sqft
    2021-07-01 0 days 1,717 sqft
    2021-08-01 0 days 1,836 sqft
    2021-09-01 0 days 1,968 sqft
    2021-10-01 0 days 1,847 sqft
    2021-11-01 0 days 1,889 sqft
    2021-12-01 0 days 1,717 sqft
    2022-01-01 0 days 1,620 sqft
    2022-02-01 0 days 1,597 sqft
    2022-03-01 0 days 1,561 sqft
    2022-04-01 0 days 1,785 sqft
    2022-05-01 0 days 2,000 sqft
    2022-06-01 0 days 1,904 sqft
    2022-07-01 0 days 1,902 sqft
    2022-08-01 0 days 1,799 sqft
    2022-09-01 0 days 1,818 sqft
    2022-10-01 0 days 1,800 sqft
    2022-11-01 0 days 1,777 sqft
    2022-12-01 0 days 1,646 sqft
    2023-01-01 0 days 1,682 sqft
    2023-02-01 0 days 1,773 sqft
    2023-03-01 0 days 1,812 sqft
    2023-04-01 0 days 1,834 sqft
    2023-05-01 0 days 1,871 sqft
    2023-06-01 0 days 1,931 sqft
    2023-07-01 0 days 1,885 sqft
    2023-08-01 0 days 1,882 sqft
    2023-09-01 0 days 1,876 sqft
    2023-10-01 0 days 1,933 sqft
    2023-11-01 0 days 1,881 sqft
    2023-12-01 0 days 1,850 sqft
    2024-01-01 0 days 1,838 sqft
    2024-02-01 0 days 1,755 sqft
    2024-03-01 0 days 1,752 sqft
    2024-04-01 0 days 1,871 sqft
    2024-05-01 0 days 1,783 sqft
    2024-06-01 0 days 1,732 sqft
    2024-07-01 0 days 1,784 sqft
    2024-08-01 0 days 1,708 sqft
    2024-09-01 0 days 1,696 sqft
    2024-10-01 0 days 1,710 sqft
    Bogalusa's median listing age (time on market) for 2024-10-01 was 0 days.

    Bogalusa's median square footage for active listings during the 2024-10-01 period was 1,710 sqft. One year prior, the average listing was 1,933 sqft.