Hammond USDA Loan Rates, Closing Costs & Stats

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 27 lenders originated 109 USDA loans during 2024. The total origination value was $23,595,000, with an average USDA loan value of $216,468.

    Hammond USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Hammond averaged 0.08% for the week of 2025-07-04, compared to the national average (all USDA variants) of 0% for the same period.

    Hammond's average USDA mortgage closing costs are $5,017.

    The average rate for the prior week (2025-06-27) was 6.32% and one month ago for the week of 2025-05-30, the average rate was 6.6%.

    The average rate one year ago was 6.7%.

    For refis of the same type during the week of 2025-07-04, the average rate was -0.38%.

    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/closing costs and rates for USDA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Hammond level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    GMFS LLC 24 6.24% $3,942
    DHI MORTGAGE COMPANY, LTD. 11 4.87% $5,468
    Gulf Coast Bank and Trust Company 7 6.39% $7,491
    DSLD MORTGAGE, LLC 6 6.20% $2,764
    MOVEMENT MORTGAGE, LLC 6 6.32% $6,715
    EUSTIS AND AMERICAN MORTGAGE COMPANY 6 6.56% $7,055
    UNITED WHOLESALE MORTGAGE, LLC 5 6.27% $8,865
    NEWREZ LLC 4 6.06% $7,616
    MID AMERICA MORTGAGE, INC. 4 6.97% $4,231
    Century Mortgage Company DBA Century Lending Company 3 6.71% $4,011
    FIDELITY BANK 2 6.38% $7,187
    STANDARD MORTGAGE CORPORATION 2 6.25% $6,425
    Hancock Whitney Bank 2 6.38% $5,874
    Residential Acceptance Corporation 2 7.13% $14,061
    V.I.P. MORTGAGE, INC. 1 6.50% $4,948
    AMERICAN FINANCIAL RESOURCES, INC. 1 6.75% $3,914
    AmRes Corporation 1 6.13% $4,790
    Assurance Financial Group, L.L.C. 1 6.62% $7,061
    Bank of England 1 6.50% $9,594
    BAYSHORE MORTGAGE FUNDING, LLC 1 6.63% $16,067
    BROKER SOLUTIONS, INC. 1 6.38% $8,832
    Equity Prime Mortgage LLC 1 7.13% $4,623
    FIRST COMMUNITY MORTGAGE, INC. 1 6.00% $5,928
    Flagstar Bank, FSB 1 6.75% $5,660
    Goldwater Bank, N.A. 1 6.75% $6,843
    SUMMIT FUNDING, INC. 1 6.25% $10,541
    AMERICAN FINANCIAL NETWORK, INC. 1 6.25% $10,807

    The top Hammond USDA lender as defined by loan originations is GMFS LLC, with 24 USDA loans originated. Their average total fees are $3,942, which is $1,526 lower than the next largest lender, DHI MORTGAGE COMPANY, LTD..

    The lowest fee Hammond USDA lenders (with over 10 loans originated) are GMFS LLC ($3,942), DHI MORTGAGE COMPANY, LTD. ($5,468), .

    The lowest rate Hammond USDA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (4.87%), GMFS LLC (6.24%), .

    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 $189,900 (0.8%) $233,981 (-0.6%) 0.00 477
    2018-02-01 $189,325 (1.0%) $231,397 (-1.4%) 0.00 488
    2018-03-01 $189,900 (1.8%) $231,628 (-1.7%) 0.00 492
    2018-04-01 $189,950 (0.5%) $230,842 (-3.8%) 0.00 500
    2018-05-01 $193,245 (-2.4%) $232,827 (-2.5%) 0.00 509
    2018-06-01 $188,928 (-4.1%) $226,817 (-4.6%) 0.00 546
    2018-07-01 $189,043 (-2.1%) $227,426 (-6.2%) 0.00 537
    2018-08-01 $188,305 (-2.2%) $227,096 (-5.0%) 0.00 537
    2018-09-01 $185,000 (-2.6%) $223,044 (-4.5%) 0.00 567
    2018-10-01 $186,826 (-2.6%) $234,214 (-2.5%) 0.00 579
    2018-11-01 $188,538 (-0.7%) $235,522 (-2.2%) 0.00 604
    2018-12-01 $189,305 (-2.9%) $234,054 (-1.8%) 0.00 615
    2019-01-01 $183,445 (-3.4%) $232,389 (-0.7%) 0.00 607
    2019-02-01 $184,950 (-2.3%) $234,028 (1.1%) 0.00 605
    2019-03-01 $186,821 (-1.6%) $234,677 (1.3%) 0.00 603
    2019-04-01 $189,625 (-0.2%) $235,166 (1.9%) 0.00 594
    2019-05-01 $196,475 (1.7%) $240,644 (3.4%) 0.00 572
    2019-06-01 $199,000 (5.3%) $241,262 (6.4%) 0.00 594
    2019-07-01 $199,000 (5.3%) $238,907 (5.1%) 0.00 601
    2019-08-01 $198,123 (5.2%) $239,747 (5.6%) 0.00 597
    2019-09-01 $196,806 (6.4%) $241,793 (8.4%) 0.00 585
    2019-10-01 $197,538 (5.7%) $243,156 (3.8%) 0.00 559
    2019-11-01 $196,100 (4.0%) $244,711 (3.9%) 0.00 539
    2019-12-01 $194,100 (2.5%) $245,285 (4.8%) 0.00 517
    2020-01-01 $190,950 (4.1%) $242,340 (4.3%) 0.00 490
    2020-02-01 $190,000 (2.7%) $250,425 (7.0%) 0.00 468
    2020-03-01 $198,950 (6.5%) $256,941 (9.5%) 0.00 454
    2020-04-01 $201,900 (6.5%) $257,768 (9.6%) 0.00 450
    2020-05-01 $207,900 (5.8%) $260,434 (8.2%) 0.00 391
    2020-06-01 $223,900 (12.5%) $278,538 (15.5%) 0.00 317
    2020-07-01 $224,750 (12.9%) $276,927 (15.9%) 0.00 299
    2020-08-01 $224,900 (13.5%) $273,428 (14.1%) 0.00 284
    2020-09-01 $228,190 (16.0%) $277,080 (14.6%) 0.00 269
    2020-10-01 $220,000 (11.4%) $285,448 (17.4%) 0.00 228
    2020-11-01 $229,000 (16.8%) $296,914 (21.3%) 0.00 216
    2020-12-01 $234,475 (20.8%) $311,754 (27.1%) 0.00 204
    2021-01-01 $235,000 (23.1%) $318,152 (31.3%) 0.00 176
    2021-02-01 $234,170 (23.3%) $334,900 (33.7%) 0.00 157
    2021-03-01 $236,750 (19.0%) $335,953 (30.8%) 0.00 156
    2021-04-01 $237,250 (17.5%) $336,238 (30.4%) 0.00 153
    2021-05-01 $240,000 (15.4%) $351,978 (35.2%) 0.00 147
    2021-06-01 $265,000 (18.4%) $371,407 (33.3%) 0.00 143
    2021-07-01 $267,000 (18.8%) $357,443 (29.1%) 0.00 152
    2021-08-01 $256,950 (14.3%) $345,695 (26.4%) 0.00 164
    2021-09-01 $267,225 (17.1%) $361,991 (30.7%) 0.00 151
    2021-10-01 $264,058 (20.0%) $365,974 (28.2%) 0.00 134
    2021-11-01 $248,250 (8.4%) $350,289 (18.0%) 0.00 127
    2021-12-01 $249,250 (6.3%) $358,504 (15.0%) 0.00 121
    2022-01-01 $238,753 (1.6%) $358,986 (12.8%) 0.00 115
    2022-02-01 $253,725 (8.4%) $377,775 (12.8%) 0.00 86
    2022-03-01 $264,556 (11.7%) $365,165 (8.7%) 0.00 111
    2022-04-01 $256,225 (8.0%) $365,531 (8.7%) 0.00 142
    2022-05-01 $268,603 (11.9%) $379,250 (7.8%) 0.00 153
    2022-06-01 $257,681 (-2.8%) $361,728 (-2.6%) 0.00 182
    2022-07-01 $256,863 (-3.8%) $343,490 (-3.9%) 0.00 225
    2022-08-01 $260,500 (1.4%) $331,760 (-4.0%) 0.00 237
    2022-09-01 $258,942 (-3.1%) $327,793 (-9.5%) 0.00 259
    2022-10-01 $250,000 (-5.3%) $318,620 (-12.9%) 0.00 284
    2022-11-01 $252,450 (1.7%) $310,623 (-11.3%) 0.00 277
    2022-12-01 $259,900 (4.3%) $305,428 (-14.8%) 0.00 276
    2023-01-01 $260,290 (9.0%) $299,034 (-16.7%) 0.00 284
    2023-02-01 $259,519 (2.3%) $302,588 (-19.9%) 0.00 281
    2023-03-01 $257,129 (-2.8%) $301,535 (-17.4%) 0.00 272
    2023-04-01 $260,000 (1.5%) $310,074 (-15.2%) 0.00 263
    2023-05-01 $276,375 (2.9%) $316,693 (-16.5%) 0.00 270
    2023-06-01 $280,285 (8.8%) $334,535 (-7.5%) 0.00 274
    2023-07-01 $278,000 (8.2%) $335,565 (-2.3%) 0.00 278
    2023-08-01 $279,375 (7.3%) $341,391 (2.9%) 0.00 303
    2023-09-01 $269,900 (4.2%) $328,541 (0.2%) 0.00 324
    2023-10-01 $259,425 (3.8%) $317,513 (-0.4%) 0.00 309
    2023-11-01 $261,750 (3.7%) $316,668 (2.0%) 0.00 321
    2023-12-01 $264,900 (1.9%) $313,064 (2.5%) 0.00 318
    2024-01-01 $264,900 (1.8%) $314,103 (5.0%) 0.00 309
    2024-02-01 $262,800 (1.3%) $312,208 (3.2%) 0.00 325
    2024-03-01 $265,000 (3.1%) $323,353 (7.2%) 0.00 313
    2024-04-01 $266,500 (2.5%) $320,566 (3.4%) 0.00 315
    2024-05-01 $258,950 (-6.3%) $329,020 (3.9%) 0.00 351
    2024-06-01 $265,000 (-5.5%) $326,650 (-2.4%) 0.00 360
    2024-07-01 $257,500 (-7.4%) $325,789 (-2.9%) 0.00 385
    2024-08-01 $259,450 (-7.1%) $326,058 (-4.5%) 0.00 420
    2024-09-01 $258,700 (-4.2%) $335,116 (2.0%) 0.00 366
    2024-10-01 $260,000 (0.2%) $329,633 (3.8%) 0.00 368
    2024-11-01 $269,640 (3.0%) $328,907 (3.9%) 0.00 355
    2024-12-01 $263,950 (-0.4%) $322,370 (3.0%) 0.00 378
    2025-01-01 $260,850 (-1.5%) $320,329 (2.0%) 0.00 358
    2025-02-01 $265,450 (1.0%) $323,185 (3.5%) 0.00 345
    2025-03-01 $270,000 (1.9%) $317,140 (-1.9%) 0.00 345
    2025-04-01 $279,950 (5.1%) $328,004 (2.3%) 0.00 335
    2025-05-01 $288,000 (11.2%) $344,520 (4.7%) 0.00 353
    Hammond's median listing price for 2025-05-01 was $288,000, a difference of $29,050 (11.2%) versus the prior year and $8,050 versus the prior month.

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

    Hammond's average listing price for 2025-05-01 was $344,520, a difference of $15,500 (4.7%) versus the prior year and $16,516 versus the prior month.

    For the 2025-05-01 period, Hammond had 353 MLS listings, a difference of 18 listings (5%) versus the prior month and 2 listings (1%) 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 1,847 sqft
    2018-02-01 0 days 1,831 sqft
    2018-03-01 0 days 1,858 sqft
    2018-04-01 0 days 1,855 sqft
    2018-05-01 0 days 1,880 sqft
    2018-06-01 0 days 1,858 sqft
    2018-07-01 0 days 1,842 sqft
    2018-08-01 0 days 1,840 sqft
    2018-09-01 0 days 1,803 sqft
    2018-10-01 0 days 1,788 sqft
    2018-11-01 0 days 1,774 sqft
    2018-12-01 0 days 1,803 sqft
    2019-01-01 0 days 1,755 sqft
    2019-02-01 0 days 1,772 sqft
    2019-03-01 0 days 1,779 sqft
    2019-04-01 0 days 1,789 sqft
    2019-05-01 0 days 1,842 sqft
    2019-06-01 0 days 1,866 sqft
    2019-07-01 0 days 1,859 sqft
    2019-08-01 0 days 1,855 sqft
    2019-09-01 0 days 1,857 sqft
    2019-10-01 0 days 1,861 sqft
    2019-11-01 0 days 1,885 sqft
    2019-12-01 0 days 1,871 sqft
    2020-01-01 0 days 1,858 sqft
    2020-02-01 0 days 1,858 sqft
    2020-03-01 0 days 1,882 sqft
    2020-04-01 0 days 1,882 sqft
    2020-05-01 0 days 1,898 sqft
    2020-06-01 0 days 1,997 sqft
    2020-07-01 0 days 2,012 sqft
    2020-08-01 0 days 1,983 sqft
    2020-09-01 0 days 2,060 sqft
    2020-10-01 0 days 1,914 sqft
    2020-11-01 0 days 1,923 sqft
    2020-12-01 0 days 1,926 sqft
    2021-01-01 0 days 1,950 sqft
    2021-02-01 0 days 1,980 sqft
    2021-03-01 0 days 1,971 sqft
    2021-04-01 0 days 1,937 sqft
    2021-05-01 0 days 1,969 sqft
    2021-06-01 0 days 2,030 sqft
    2021-07-01 0 days 2,040 sqft
    2021-08-01 0 days 2,000 sqft
    2021-09-01 0 days 2,099 sqft
    2021-10-01 0 days 2,000 sqft
    2021-11-01 0 days 1,921 sqft
    2021-12-01 0 days 1,923 sqft
    2022-01-01 0 days 1,823 sqft
    2022-02-01 0 days 1,877 sqft
    2022-03-01 0 days 1,960 sqft
    2022-04-01 0 days 1,887 sqft
    2022-05-01 0 days 2,015 sqft
    2022-06-01 0 days 1,927 sqft
    2022-07-01 0 days 1,887 sqft
    2022-08-01 0 days 1,853 sqft
    2022-09-01 0 days 1,831 sqft
    2022-10-01 0 days 1,808 sqft
    2022-11-01 0 days 1,866 sqft
    2022-12-01 0 days 1,898 sqft
    2023-01-01 0 days 1,869 sqft
    2023-02-01 0 days 1,860 sqft
    2023-03-01 0 days 1,893 sqft
    2023-04-01 0 days 1,935 sqft
    2023-05-01 0 days 2,054 sqft
    2023-06-01 0 days 2,064 sqft
    2023-07-01 0 days 2,000 sqft
    2023-08-01 0 days 2,000 sqft
    2023-09-01 0 days 1,922 sqft
    2023-10-01 0 days 1,888 sqft
    2023-11-01 0 days 1,889 sqft
    2023-12-01 0 days 1,863 sqft
    2024-01-01 0 days 1,862 sqft
    2024-02-01 0 days 1,821 sqft
    2024-03-01 0 days 1,819 sqft
    2024-04-01 0 days 1,819 sqft
    2024-05-01 0 days 1,819 sqft
    2024-06-01 0 days 1,819 sqft
    2024-07-01 0 days 1,819 sqft
    2024-08-01 0 days 1,830 sqft
    2024-09-01 0 days 1,850 sqft
    2024-10-01 0 days 1,861 sqft
    2024-11-01 0 days 1,881 sqft
    2024-12-01 0 days 1,858 sqft
    2025-01-01 0 days 1,844 sqft
    2025-02-01 0 days 1,851 sqft
    2025-03-01 0 days 1,888 sqft
    2025-04-01 0 days 1,927 sqft
    2025-05-01 0 days 1,993 sqft
    Hammond's median listing age (time on market) for 2025-05-01 was 0 days.

    Hammond's median square footage for active listings during the 2025-05-01 period was 1,993 sqft. One year prior, the average listing was 1,819 sqft.