Hammond USDA Loans

HAMMOND, 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.

    Hammond's 54 lenders originated 409 USDA loans during 2021. The total origination value was $76,615,000, with an average USDA loan value of $187,323.

    Hammond USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Hammond averaged 5.47% for the week of 2022-05-13, compared to the national average (all USDA variants) of 5.294% for the same period.

    The average rate for the prior week (2022-05-06) was 5.31% and one month ago for the week of 2022-04-08, the average rate was 4.97%.

    The average rate one year ago was 3.18%.

    For refis of the same type during the week of 2022-05-13, the average rate was 5.29%.

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

    Hammond 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 Hammond level.

    Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
    GMFS LLC 61 3.06% $3,690
    DHI MORTGAGE COMPANY, LTD. 35 2.75% $4,965
    DSLD MORTGAGE, LLC 32 2.60% $2,012
    Gulf Coast Bank and Trust Company 25 2.70% $5,767
    MID AMERICA MORTGAGE, INC. 22 3.12% $4,573
    MOVEMENT MORTGAGE, LLC 21 2.95% $4,889
    Gateway First Bank 20 2.69% $4,130
    CALIBER HOME LOANS, INC. 17 2.95% $5,839
    AMERICAN FINANCIAL NETWORK, INC. 11 3.35% $8,415
    FIDELITY BANK 10 2.94% $5,743
    SECURITYNATIONAL MORTGAGE COMPANY 10 3.26% $7,361
    FBT Mortgage, L.L.C. 9 2.72% $5,632
    Assurance Financial Group, L.L.C. 9 3.10% $5,968
    LHM FINANCIAL CORPORATION 8 2.89% $5,663
    EUSTIS AND AMERICAN MORTGAGE COMPANY 7 2.68% $5,978
    MORTGAGE FINANCIAL SERVICES, LLC 7 2.96% $4,904
    NEWREZ LLC 6 2.71% $6,016
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 6 2.98% $4,606
    SOUTHWEST FUNDING, LP 5 3.13% $6,362
    CROSSCOUNTRY MORTGAGE, LLC 5 2.82% $8,107
    HOME POINT FINANCIAL CORPORATION 4 2.66% $4,903
    SUMMIT FUNDING, INC. 3 3.46% $5,682
    UNITED WHOLESALE MORTGAGE, LLC 3 2.92% $8,457
    CMG MORTGAGE, INC. 3 3.00% $7,803
    INTERLINC MORTGAGE SERVICES, LLC 3 3.25% $3,936
    Nations Lending Corporation 3 3.21% $6,222
    LOANDEPOT.COM, LLC 3 2.67% $5,846
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 3 3.08% $6,035
    Goldwater Bank, N.A. 2 2.81% $5,714
    Bank of England 2 3.44% $5,790
    First Horizon Bank 2 2.88% $5,424
    GSF Mortgage Corporation 2 3.06% $5,811
    Hancock Whitney Bank 2 2.56% $5,799
    NTFN, INC. 2 2.69% $6,656
    PENNYMAC LOAN SERVICES, LLC 2 2.81% $4,804
    PRIMARY RESIDENTIAL MORTGAGE, INC. 2 3.31% $4,256
    UNION HOME MORTGAGE CORP. 2 2.75% $5,827
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 3.50% $5,810
    Northpointe Bank 1 2.75% $5,653
    SUN WEST MORTGAGE COMPANY, INC. 1 3.25% $7,291
    VILLAGE CAPITAL & INVESTMENT LLC 1 2.75% $6,385
    PERFORMANCE MORTGAGE LLC 1 3.25% $10,404
    Plains Commerce Bank 1 2.88% $5,855
    AMERICAN FINANCIAL RESOURCES, INC. 1 3.00% $8,343
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 3.50% $5,882
    Republic State Mortgage Co. 1 3.50% $2,252
    Flagstar Bank, FSB 1 2.75% $7,077
    ANGEL OAK HOME LOANS LLC 1 2.75% $6,724
    STANDARD MORTGAGE CORPORATION 1 2.38% $6,348
    America's Mortgage Resource, Inc. 1 2.88% $1,838
    MIDLAND MORTGAGE CORPORATION 1 3.13% $899
    LAKEVIEW LOAN SERVICING, LLC 1 2.75% $4,408
    KEESLER 1 3.00% $5,679
    GUILD MORTGAGE COMPANY 1 3.13% $9,677

    The top Hammond USDA lender as defined by loan originations is GMFS LLC, with 61 USDA loans originated. Their average total fees are $3,690, which is $1,275 lower than the next largest lender, DHI MORTGAGE COMPANY, LTD..

    The lowest fee Hammond USDA lenders (with over 10 loans originated) are DSLD MORTGAGE, LLC ($2,012), GMFS LLC ($3,690), Gateway First Bank ($4,130), MID AMERICA MORTGAGE, INC. ($4,573) and MOVEMENT MORTGAGE, LLC ($4,889).

    The lowest rate Hammond USDA lenders (with over 10 loans originated) are DSLD MORTGAGE, LLC (2.60%), Gateway First Bank (2.69%), Gulf Coast Bank and Trust Company (2.70%), DHI MORTGAGE COMPANY, LTD. (2.75%) and FIDELITY BANK (2.94%).

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Hammond (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 $192,250 (1.7%) $234,529 (0.0%) 0.00 498
    2018-02-01 $190,630 (1.4%) $232,918 (-0.2%) 0.00 507
    2018-03-01 $190,095 (0.6%) $232,970 (-1.0%) 0.00 516
    2018-04-01 $189,950 (-2.6%) $231,939 (-3.6%) 0.00 526
    2018-05-01 $194,000 (-2.9%) $233,880 (-2.3%) 0.00 534
    2018-06-01 $189,900 (-4.6%) $227,839 (-4.4%) 0.00 574
    2018-07-01 $188,543 (-3.3%) $226,946 (-6.8%) 0.00 564
    2018-08-01 $188,950 (-3.1%) $228,157 (-5.1%) 0.00 569
    2018-09-01 $185,000 (-4.4%) $223,230 (-5.5%) 0.00 607
    2018-10-01 $185,000 (-7.0%) $234,046 (-3.0%) 0.00 620
    2018-11-01 $185,700 (-4.0%) $236,251 (-2.6%) 0.00 643
    2018-12-01 $187,900 (-6.0%) $234,464 (-2.8%) 0.00 656
    2019-01-01 $183,900 (-4.3%) $234,307 (-0.1%) 0.00 652
    2019-02-01 $184,950 (-3.0%) $235,500 (1.1%) 0.00 646
    2019-03-01 $185,329 (-2.5%) $235,090 (0.9%) 0.00 642
    2019-04-01 $187,450 (-1.3%) $235,289 (1.4%) 0.00 634
    2019-05-01 $196,200 (1.1%) $242,661 (3.8%) 0.00 618
    2019-06-01 $199,900 (5.3%) $241,404 (6.0%) 0.00 638
    2019-07-01 $199,000 (5.6%) $239,616 (5.6%) 0.00 657
    2019-08-01 $199,214 (5.4%) $241,149 (5.7%) 0.00 648
    2019-09-01 $197,214 (6.6%) $242,243 (8.5%) 0.00 630
    2019-10-01 $199,000 (7.6%) $244,717 (4.6%) 0.00 596
    2019-11-01 $195,000 (5.0%) $242,826 (2.8%) 0.00 579
    2019-12-01 $194,268 (3.4%) $245,397 (4.7%) 0.00 560
    2020-01-01 $189,950 (3.3%) $241,870 (3.2%) 0.00 528
    2020-02-01 $189,900 (2.7%) $249,586 (6.0%) 0.00 507
    2020-03-01 $198,500 (7.1%) $259,407 (10.3%) 0.00 484
    2020-04-01 $199,950 (6.7%) $258,759 (10.0%) 0.00 478
    2020-05-01 $205,900 (4.9%) $263,456 (8.6%) 0.00 413
    2020-06-01 $224,500 (12.3%) $283,824 (17.6%) 0.00 335
    2020-07-01 $224,450 (12.8%) $276,551 (15.4%) 0.00 313
    2020-08-01 $225,000 (12.9%) $277,124 (14.9%) 0.00 306
    2020-09-01 $232,000 (17.6%) $285,876 (18.0%) 0.00 291
    2020-10-01 $227,000 (14.1%) $298,793 (22.1%) 0.00 244
    2020-11-01 $233,500 (19.7%) $306,367 (26.2%) 0.00 235
    2020-12-01 $244,000 (25.6%) $328,895 (34.0%) 0.00 221
    2021-01-01 $249,900 (31.6%) $329,624 (36.3%) 0.00 193
    2021-02-01 $247,450 (30.3%) $364,505 (46.0%) 0.00 168
    2021-03-01 $249,500 (25.7%) $368,646 (42.1%) 0.00 163
    2021-04-01 $240,000 (20.0%) $356,587 (37.8%) 0.00 157
    2021-05-01 $243,900 (18.5%) $366,857 (39.3%) 0.00 154
    2021-06-01 $269,000 (19.8%) $388,936 (37.0%) 0.00 157
    2021-07-01 $271,950 (21.2%) $385,004 (39.2%) 0.00 163
    2021-08-01 $274,303 (21.9%) $393,416 (42.0%) 0.00 193
    2021-09-01 $278,500 (20.0%) $395,621 (38.4%) 0.00 178
    2021-10-01 $275,000 (21.2%) $393,767 (31.8%) 0.00 158
    2021-11-01 $255,000 (9.2%) $379,671 (23.9%) 0.00 148
    2021-12-01 $249,500 (2.3%) $383,007 (16.5%) 0.00 137
    2022-01-01 $240,000 (-4.0%) $375,796 (14.0%) 0.00 120
    2022-02-01 $250,000 (1.0%) $383,209 (5.1%) 0.00 91
    2022-03-01 $261,950 (5.0%) $371,824 (0.9%) 0.00 122
    2022-04-01 $256,340 (6.8%) $360,082 (1.0%) 0.00 160
    Hammond's median listing price for 2022-04-01 was $256,340, a difference of $16,340 (6.8%) versus the prior year and $-5,610 versus the prior month.

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

    Hammond's average listing price for 2022-04-01 was $360,082, a difference of $3,495 (1.0%) versus the prior year and $-11,742 versus the prior month.

    For the 2022-04-01 period, Hammond had 160 MLS listings, a difference of 38 listings (31%) versus the prior month and 3 listings (2%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Hammond (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,856 sqft
    2018-02-01 0 days 1,853 sqft
    2018-03-01 0 days 1,860 sqft
    2018-04-01 0 days 1,854 sqft
    2018-05-01 0 days 1,891 sqft
    2018-06-01 0 days 1,868 sqft
    2018-07-01 0 days 1,841 sqft
    2018-08-01 0 days 1,841 sqft
    2018-09-01 0 days 1,792 sqft
    2018-10-01 0 days 1,776 sqft
    2018-11-01 0 days 1,759 sqft
    2018-12-01 0 days 1,786 sqft
    2019-01-01 0 days 1,755 sqft
    2019-02-01 0 days 1,786 sqft
    2019-03-01 0 days 1,771 sqft
    2019-04-01 0 days 1,784 sqft
    2019-05-01 0 days 1,843 sqft
    2019-06-01 0 days 1,863 sqft
    2019-07-01 0 days 1,861 sqft
    2019-08-01 0 days 1,872 sqft
    2019-09-01 0 days 1,870 sqft
    2019-10-01 0 days 1,876 sqft
    2019-11-01 0 days 1,887 sqft
    2019-12-01 0 days 1,872 sqft
    2020-01-01 0 days 1,853 sqft
    2020-02-01 0 days 1,861 sqft
    2020-03-01 0 days 1,883 sqft
    2020-04-01 0 days 1,877 sqft
    2020-05-01 0 days 1,900 sqft
    2020-06-01 0 days 2,015 sqft
    2020-07-01 0 days 2,012 sqft
    2020-08-01 0 days 2,013 sqft
    2020-09-01 0 days 2,078 sqft
    2020-10-01 0 days 1,980 sqft
    2020-11-01 0 days 2,019 sqft
    2020-12-01 0 days 2,057 sqft
    2021-01-01 0 days 2,048 sqft
    2021-02-01 0 days 2,048 sqft
    2021-03-01 0 days 2,072 sqft
    2021-04-01 0 days 1,953 sqft
    2021-05-01 0 days 1,974 sqft
    2021-06-01 0 days 2,075 sqft
    2021-07-01 0 days 2,060 sqft
    2021-08-01 0 days 2,073 sqft
    2021-09-01 0 days 2,209 sqft
    2021-10-01 0 days 2,106 sqft
    2021-11-01 0 days 2,001 sqft
    2021-12-01 0 days 1,967 sqft
    2022-01-01 0 days 1,831 sqft
    2022-02-01 0 days 1,804 sqft
    2022-03-01 0 days 1,945 sqft
    2022-04-01 0 days 1,900 sqft
    Hammond's median listing age (time on market) for 2022-04-01 was 0 days.

    Hammond's median square footage for active listings during the 2022-04-01 period was 1,900 sqft. One year prior, the average listing was 1,953 sqft.