Fort Polk South USDA Loan Rates, Closing Costs & Stats

Fort Polk South, 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.

    Fort Polk South's 13 lenders originated 18 USDA loans during 2023. The total origination value was $2,730,000, with an average USDA loan value of $151,667.

    Fort Polk South USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Fort Polk South averaged 0.17% for the week of 2024-11-15, compared to the national average (all USDA variants) of 0% for the same period.

    Fort Polk South's average USDA mortgage closing costs are $4,952.

    The average rate for the prior week (2024-11-08) was 6.32% and one month ago for the week of 2024-10-11, the average rate was 6.28%.

    The average rate one year ago was 7.21%.

    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.

    Fort Polk South 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 Fort Polk South level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    UNITED WHOLESALE MORTGAGE, LLC 2 7.88% $4,990
    EUSTIS AND AMERICAN MORTGAGE COMPANY 2 6.31% $5,097
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 7.00% $5,428
    MORTGAGE FINANCIAL SERVICES, LLC 2 6.75% $6,939
    Sabine State Bank and Trust Company 2 6.25% $6,936
    HOMESIDE FINANCIAL, LLC 1 7.49% $5,938
    UNION HOME MORTGAGE CORP. 1 4.75% $6,363
    NEWREZ LLC 1 7.25% $3,991
    Red River Bank 1 7.00% $5,405
    CROSSCOUNTRY MORTGAGE, LLC 1 7.25% $7,476
    Citizens Bank 1 6.88% $3,852
    TOWNE MORTGAGE COMPANY 1 7.13% $7,995
    GMFS LLC 1 6.25% $9,297

    The top Fort Polk South USDA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 2 USDA loans originated. Their average total fees are $4,990, which is $107 lower than the next largest lender, EUSTIS AND AMERICAN MORTGAGE COMPANY.

    The lowest fee Fort Polk South USDA lenders (with over 10 loans originated) are .

    The lowest rate Fort Polk South USDA lenders (with over 10 loans originated) are .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Fort Polk South (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 $159,900 (6.7%) $185,520 (1.1%) 0.00 188
    2018-02-01 $159,900 (1.5%) $180,925 (-3.7%) 0.00 195
    2018-03-01 $159,900 (0.6%) $182,039 (-4.4%) 0.00 185
    2018-04-01 $159,900 (-1.6%) $186,818 (-3.3%) 0.00 189
    2018-05-01 $157,463 (-1.3%) $178,392 (-5.8%) 0.00 189
    2018-06-01 $154,900 (-3.7%) $175,917 (-9.9%) 0.00 175
    2018-07-01 $146,950 (-7.7%) $172,878 (-7.1%) 0.00 167
    2018-08-01 $144,900 (-9.9%) $176,672 (-2.8%) 0.00 154
    2018-09-01 $144,500 (-11.4%) $178,393 (-3.4%) 0.00 164
    2018-10-01 $146,500 (-8.0%) $184,136 (-0.3%) 0.00 166
    2018-11-01 $152,375 (-7.9%) $185,738 (-0.8%) 0.00 171
    2018-12-01 $149,900 (-6.3%) $191,137 (2.2%) 0.00 177
    2019-01-01 $149,900 (-6.3%) $189,242 (2.0%) 0.00 163
    2019-02-01 $149,900 (-6.3%) $188,885 (4.4%) 0.00 173
    2019-03-01 $147,693 (-7.6%) $189,142 (3.9%) 0.00 172
    2019-04-01 $144,875 (-9.4%) $187,584 (0.4%) 0.00 166
    2019-05-01 $148,450 (-5.7%) $197,279 (10.6%) 0.00 160
    2019-06-01 $149,900 (-3.2%) $191,102 (8.6%) 0.00 163
    2019-07-01 $147,225 (0.2%) $192,785 (11.5%) 0.00 158
    2019-08-01 $150,473 (3.9%) $195,187 (10.5%) 0.00 159
    2019-09-01 $151,332 (4.7%) $199,002 (11.6%) 0.00 157
    2019-10-01 $154,975 (5.8%) $203,841 (10.7%) 0.00 156
    2019-11-01 $169,000 (10.9%) $212,626 (14.5%) 0.00 148
    2019-12-01 $158,975 (6.1%) $197,917 (3.6%) 0.00 143
    2020-01-01 $154,250 (2.9%) $193,641 (2.3%) 0.00 137
    2020-02-01 $168,500 (12.4%) $192,618 (2.0%) 0.00 134
    2020-03-01 $166,450 (12.7%) $198,967 (5.2%) 0.00 124
    2020-04-01 $155,250 (7.2%) $189,577 (1.1%) 0.00 114
    2020-05-01 $159,950 (7.8%) $192,971 (-2.2%) 0.00 110
    2020-06-01 $159,950 (6.7%) $206,928 (8.3%) 0.00 102
    2020-07-01 $158,975 (8.0%) $211,624 (9.8%) 0.00 91
    2020-08-01 $144,450 (-4.0%) $204,211 (4.6%) 0.00 86
    2020-09-01 $155,750 (2.9%) $209,427 (5.2%) 0.00 74
    2020-10-01 $142,450 (-8.1%) $208,693 (2.4%) 0.00 72
    2020-11-01 $141,225 (-16.4%) $206,531 (-2.9%) 0.00 66
    2020-12-01 $144,950 (-8.8%) $929,387 (369.6%) 0.00 69
    2021-01-01 $145,000 (-6.0%) $221,758 (14.5%) 0.00 57
    2021-02-01 $149,975 (-11.0%) $211,291 (9.7%) 0.00 59
    2021-03-01 $149,950 (-9.9%) $205,072 (3.1%) 0.00 56
    2021-04-01 $141,000 (-9.2%) $210,721 (11.2%) 0.00 45
    2021-05-01 $141,500 (-11.5%) $202,451 (4.9%) 0.00 43
    2021-06-01 $157,750 (-1.4%) $215,521 (4.2%) 0.00 48
    2021-07-01 $155,000 (-2.5%) $212,933 (0.6%) 0.00 45
    2021-08-01 $179,150 (24.0%) $221,840 (8.6%) 0.00 49
    2021-09-01 $175,550 (12.7%) $231,163 (10.4%) 0.00 60
    2021-10-01 $135,000 (-5.2%) $187,512 (-10.2%) 0.00 55
    2021-11-01 $173,250 (22.7%) $207,977 (0.7%) 0.00 59
    2021-12-01 $170,500 (17.6%) $211,459 (-77.3%) 0.00 61
    2022-01-01 $165,000 (13.8%) $215,931 (-2.6%) 0.00 52
    2022-02-01 $139,950 (-6.7%) $195,760 (-7.4%) 0.00 52
    2022-03-01 $132,975 (-11.3%) $196,165 (-4.3%) 0.00 63
    2022-04-01 $150,000 (6.4%) $203,018 (-3.7%) 0.00 63
    2022-05-01 $168,000 (18.7%) $212,727 (5.1%) 0.00 61
    2022-06-01 $199,975 (26.8%) $222,660 (3.3%) 0.00 61
    2022-07-01 $200,000 (29.0%) $226,527 (6.4%) 0.00 64
    2022-08-01 $202,875 (13.2%) $222,539 (0.3%) 0.00 62
    2022-09-01 $185,000 (5.4%) $211,195 (-8.6%) 0.00 66
    2022-10-01 $180,000 (33.3%) $212,169 (13.2%) 0.00 60
    2022-11-01 $192,950 (11.4%) $211,250 (1.6%) 0.00 59
    2022-12-01 $177,500 (4.1%) $209,554 (-0.9%) 0.00 67
    2023-01-01 $165,975 (0.6%) $214,995 (-0.4%) 0.00 59
    2023-02-01 $204,450 (46.1%) $216,988 (10.8%) 0.00 70
    2023-03-01 $247,175 (85.9%) $231,811 (18.2%) 0.00 76
    2023-04-01 $249,900 (66.6%) $243,942 (20.2%) 0.00 74
    2023-05-01 $239,450 (42.5%) $228,852 (7.6%) 0.00 76
    2023-06-01 $249,925 (25.0%) $241,478 (8.5%) 0.00 78
    2023-07-01 $249,000 (24.5%) $237,813 (5.0%) 0.00 86
    2023-08-01 $234,700 (15.7%) $232,454 (4.5%) 0.00 114
    2023-09-01 $230,950 (24.8%) $230,813 (9.3%) 0.00 111
    2023-10-01 $233,500 (29.7%) $232,751 (9.7%) 0.00 114
    2023-11-01 $233,500 (21.0%) $235,858 (11.7%) 0.00 117
    2023-12-01 $239,000 (34.7%) $241,153 (15.1%) 0.00 117
    2024-01-01 $222,450 (34.0%) $232,849 (8.3%) 0.00 107
    2024-02-01 $199,850 (-2.3%) $227,303 (4.8%) 0.00 106
    2024-03-01 $195,000 (-21.1%) $216,908 (-6.4%) 0.00 104
    2024-04-01 $197,450 (-21.0%) $218,747 (-10.3%) 0.00 112
    2024-05-01 $206,250 (-13.9%) $222,837 (-2.6%) 0.00 119
    2024-06-01 $219,000 (-12.4%) $236,061 (-2.2%) 0.00 130
    2024-07-01 $225,500 (-9.4%) $240,764 (1.2%) 0.00 135
    2024-08-01 $214,000 (-8.8%) $239,095 (2.9%) 0.00 135
    2024-09-01 $205,250 (-11.1%) $238,474 (3.3%) 0.00 139
    2024-10-01 $200,000 (-14.4%) $235,341 (1.1%) 0.00 138
    Fort Polk South's median listing price for 2024-10-01 was $200,000, a difference of $-33,500 (-14.4%) versus the prior year and $-5,250 versus the prior month.

    Fort Polk South's median listing price comes in at 0% of the national average.

    Fort Polk South's average listing price for 2024-10-01 was $235,341, a difference of $2,590 (1.1%) versus the prior year and $-3,133 versus the prior month.

    For the 2024-10-01 period, Fort Polk South had 138 MLS listings, a difference of -1 listings (-1%) versus the prior month and 24 listings (21%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Fort Polk South (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 2,230 sqft
    2018-02-01 0 days 2,256 sqft
    2018-03-01 0 days 2,206 sqft
    2018-04-01 0 days 2,124 sqft
    2018-05-01 0 days 2,175 sqft
    2018-06-01 0 days 2,200 sqft
    2018-07-01 0 days 2,105 sqft
    2018-08-01 0 days 2,072 sqft
    2018-09-01 0 days 2,100 sqft
    2018-10-01 0 days 2,106 sqft
    2018-11-01 0 days 2,108 sqft
    2018-12-01 0 days 2,100 sqft
    2019-01-01 0 days 2,100 sqft
    2019-02-01 0 days 2,100 sqft
    2019-03-01 0 days 2,092 sqft
    2019-04-01 0 days 2,071 sqft
    2019-05-01 0 days 2,091 sqft
    2019-06-01 0 days 2,087 sqft
    2019-07-01 0 days 2,100 sqft
    2019-08-01 0 days 2,100 sqft
    2019-09-01 0 days 2,100 sqft
    2019-10-01 0 days 2,113 sqft
    2019-11-01 0 days 2,127 sqft
    2019-12-01 0 days 2,116 sqft
    2020-01-01 0 days 2,091 sqft
    2020-02-01 0 days 2,145 sqft
    2020-03-01 0 days 1,989 sqft
    2020-04-01 0 days 1,877 sqft
    2020-05-01 0 days 1,800 sqft
    2020-06-01 0 days 1,801 sqft
    2020-07-01 0 days 1,788 sqft
    2020-08-01 0 days 1,782 sqft
    2020-09-01 0 days 1,802 sqft
    2020-10-01 0 days 1,634 sqft
    2020-11-01 0 days 1,577 sqft
    2020-12-01 0 days 1,559 sqft
    2021-01-01 0 days 1,550 sqft
    2021-02-01 0 days 1,555 sqft
    2021-03-01 0 days 1,681 sqft
    2021-04-01 0 days 1,704 sqft
    2021-05-01 0 days 1,631 sqft
    2021-06-01 0 days 1,778 sqft
    2021-07-01 0 days 1,577 sqft
    2021-08-01 0 days 1,613 sqft
    2021-09-01 0 days 1,693 sqft
    2021-10-01 0 days 1,650 sqft
    2021-11-01 0 days 1,717 sqft
    2021-12-01 0 days 1,658 sqft
    2022-01-01 0 days 1,659 sqft
    2022-02-01 0 days 1,533 sqft
    2022-03-01 0 days 1,568 sqft
    2022-04-01 0 days 1,575 sqft
    2022-05-01 0 days 1,622 sqft
    2022-06-01 0 days 1,700 sqft
    2022-07-01 0 days 1,685 sqft
    2022-08-01 0 days 1,708 sqft
    2022-09-01 0 days 1,775 sqft
    2022-10-01 0 days 1,730 sqft
    2022-11-01 0 days 1,632 sqft
    2022-12-01 0 days 1,625 sqft
    2023-01-01 0 days 1,733 sqft
    2023-02-01 0 days 1,863 sqft
    2023-03-01 0 days 1,936 sqft
    2023-04-01 0 days 2,000 sqft
    2023-05-01 0 days 1,867 sqft
    2023-06-01 0 days 1,939 sqft
    2023-07-01 0 days 1,949 sqft
    2023-08-01 0 days 1,927 sqft
    2023-09-01 0 days 1,910 sqft
    2023-10-01 0 days 1,845 sqft
    2023-11-01 0 days 1,795 sqft
    2023-12-01 0 days 1,811 sqft
    2024-01-01 0 days 1,785 sqft
    2024-02-01 0 days 1,770 sqft
    2024-03-01 0 days 1,719 sqft
    2024-04-01 0 days 1,697 sqft
    2024-05-01 0 days 1,705 sqft
    2024-06-01 0 days 1,659 sqft
    2024-07-01 0 days 1,726 sqft
    2024-08-01 0 days 1,718 sqft
    2024-09-01 0 days 1,726 sqft
    2024-10-01 0 days 1,711 sqft
    Fort Polk South's median listing age (time on market) for 2024-10-01 was 0 days.

    Fort Polk South's median square footage for active listings during the 2024-10-01 period was 1,711 sqft. One year prior, the average listing was 1,845 sqft.