Fort Polk South USDA Loan Rates, Closing Costs & Stats
Fort Polk South, 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.
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
6.57%
for the week of 2024-04-12, compared to the national average (all USDA variants) of
6.705% for the same period.
Fort Polk South's average USDA mortgage closing costs are $4,952.
The average rate for the prior week (2024-04-05) was
6.9% and
one month ago for the week of 2024-03-08, the
average rate was 6.56%.
The average rate one year ago was 6.26%.
For refis of the same type during the week of 2024-04-12, the average rate
was 6.81%.
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 |
Fort Polk South's median listing price comes in at 0% of the national average.
Fort Polk South's average listing price for 2024-03-01 was $216,908, a difference of $-14,903 (-6.4%) versus the prior year and $-10,395 versus the prior month.
For the 2024-03-01 period, Fort Polk South had 104 MLS listings, a difference of -2 listings (-2%) versus the prior month and 28 listings (37%) 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 |
Fort Polk South's median square footage for active listings during the 2024-03-01 period was 1,719 sqft. One year prior, the average listing was 1,936 sqft.