Hammond USDA Loan Rates, Closing Costs & Stats
HAMMOND, 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.
Hammond's 31 lenders originated 120 USDA loans during 2023. The total origination value was $27,210,000, with an average USDA loan value of $226,750.
Hammond USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Hammond
averaged
-0.25%
for the week of 2024-11-29, compared to the national average (all USDA variants) of
0% for the same period.
Hammond's average USDA mortgage closing costs are $4,963.
The average rate for the prior week (2024-11-22) was
6.16% and
one month ago for the week of 2024-10-25, the
average rate was 6.16%.
The average rate one year ago was 6.96%.
For refis of the same type during the week of 2024-11-29, the average rate
was 0.14%.
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.
The top Hammond USDA lender as defined by loan originations is GMFS LLC, with
19 USDA loans originated. Their average total fees are
$5,806, which is $2,468
higher than the next largest lender,
DSLD MORTGAGE, LLC.
The lowest fee Hammond USDA lenders (with over 10 loans originated) are
DSLD MORTGAGE, LLC ($3,338), GMFS LLC ($5,806), .
The lowest rate Hammond USDA lenders (with over 10 loans originated) are
DSLD MORTGAGE, LLC (6.17%), GMFS LLC (6.29%), .
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Hammond (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $189,900 (0.6%) | $236,658 (-0.6%) | 0.00 | 479 |
2018-02-01 | $189,450 (0.7%) | $234,002 (-1.4%) | 0.00 | 490 |
2018-03-01 | $190,048 (1.5%) | $235,317 (-1.3%) | 0.00 | 495 |
2018-04-01 | $190,023 (0.0%) | $234,493 (-3.4%) | 0.00 | 503 |
2018-05-01 | $193,725 (-2.0%) | $236,457 (-0.9%) | 0.00 | 512 |
2018-06-01 | $189,000 (-4.1%) | $230,289 (-3.5%) | 0.00 | 549 |
2018-07-01 | $189,278 (-2.1%) | $230,867 (-5.6%) | 0.00 | 540 |
2018-08-01 | $188,700 (-2.1%) | $229,970 (-4.3%) | 0.00 | 539 |
2018-09-01 | $185,000 (-2.6%) | $225,706 (-5.4%) | 0.00 | 570 |
2018-10-01 | $187,143 (-3.2%) | $235,057 (-4.1%) | 0.00 | 580 |
2018-11-01 | $188,675 (-0.7%) | $236,192 (-4.0%) | 0.00 | 604 |
2018-12-01 | $189,305 (-2.9%) | $234,586 (-3.3%) | 0.00 | 615 |
2019-01-01 | $183,445 (-3.4%) | $232,927 (-1.6%) | 0.00 | 607 |
2019-02-01 | $184,950 (-2.4%) | $234,559 (0.2%) | 0.00 | 605 |
2019-03-01 | $186,821 (-1.7%) | $235,224 (0.0%) | 0.00 | 603 |
2019-04-01 | $189,625 (-0.2%) | $235,735 (0.5%) | 0.00 | 594 |
2019-05-01 | $196,475 (1.4%) | $241,105 (2.0%) | 0.00 | 572 |
2019-06-01 | $199,000 (5.3%) | $241,691 (5.0%) | 0.00 | 595 |
2019-07-01 | $199,000 (5.1%) | $239,779 (3.9%) | 0.00 | 602 |
2019-08-01 | $198,123 (5.0%) | $240,368 (4.5%) | 0.00 | 597 |
2019-09-01 | $196,806 (6.4%) | $242,064 (7.3%) | 0.00 | 585 |
2019-10-01 | $197,538 (5.6%) | $243,195 (3.5%) | 0.00 | 559 |
2019-11-01 | $195,550 (3.6%) | $244,582 (3.6%) | 0.00 | 539 |
2019-12-01 | $193,925 (2.4%) | $245,270 (4.6%) | 0.00 | 518 |
2020-01-01 | $190,950 (4.1%) | $243,140 (4.4%) | 0.00 | 490 |
2020-02-01 | $190,000 (2.7%) | $251,243 (7.1%) | 0.00 | 468 |
2020-03-01 | $198,950 (6.5%) | $257,846 (9.6%) | 0.00 | 454 |
2020-04-01 | $201,900 (6.5%) | $258,674 (9.7%) | 0.00 | 450 |
2020-05-01 | $207,900 (5.8%) | $261,567 (8.5%) | 0.00 | 392 |
2020-06-01 | $223,900 (12.5%) | $279,829 (15.8%) | 0.00 | 318 |
2020-07-01 | $224,875 (13.0%) | $278,316 (16.1%) | 0.00 | 300 |
2020-08-01 | $224,950 (13.5%) | $274,844 (14.3%) | 0.00 | 285 |
2020-09-01 | $228,358 (16.0%) | $278,599 (15.1%) | 0.00 | 270 |
2020-10-01 | $220,000 (11.4%) | $287,076 (18.0%) | 0.00 | 228 |
2020-11-01 | $229,000 (17.1%) | $296,914 (21.4%) | 0.00 | 216 |
2020-12-01 | $234,475 (20.9%) | $311,754 (27.1%) | 0.00 | 204 |
2021-01-01 | $235,000 (23.1%) | $318,152 (30.9%) | 0.00 | 176 |
2021-02-01 | $234,170 (23.3%) | $334,900 (33.3%) | 0.00 | 157 |
2021-03-01 | $236,750 (19.0%) | $335,953 (30.3%) | 0.00 | 156 |
2021-04-01 | $237,250 (17.5%) | $336,238 (30.0%) | 0.00 | 153 |
2021-05-01 | $240,000 (15.4%) | $351,978 (34.6%) | 0.00 | 147 |
2021-06-01 | $265,000 (18.4%) | $371,407 (32.7%) | 0.00 | 143 |
2021-07-01 | $267,000 (18.7%) | $357,443 (28.4%) | 0.00 | 152 |
2021-08-01 | $256,950 (14.2%) | $345,695 (25.8%) | 0.00 | 164 |
2021-09-01 | $267,225 (17.0%) | $361,991 (29.9%) | 0.00 | 151 |
2021-10-01 | $264,058 (20.0%) | $365,974 (27.5%) | 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%) | $343,710 (-3.8%) | 0.00 | 226 |
2022-08-01 | $260,975 (1.6%) | $332,010 (-4.0%) | 0.00 | 238 |
2022-09-01 | $259,450 (-2.9%) | $328,199 (-9.3%) | 0.00 | 259 |
2022-10-01 | $250,000 (-5.3%) | $318,973 (-12.8%) | 0.00 | 284 |
2022-11-01 | $252,450 (1.7%) | $310,964 (-11.2%) | 0.00 | 276 |
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%) | $334,648 (-7.5%) | 0.00 | 274 |
2023-07-01 | $278,000 (8.2%) | $335,565 (-2.4%) | 0.00 | 278 |
2023-08-01 | $279,375 (7.1%) | $341,391 (2.8%) | 0.00 | 303 |
2023-09-01 | $269,900 (4.0%) | $329,185 (0.3%) | 0.00 | 325 |
2023-10-01 | $259,925 (4.0%) | $318,092 (-0.3%) | 0.00 | 311 |
2023-11-01 | $262,750 (4.1%) | $316,551 (1.8%) | 0.00 | 322 |
2023-12-01 | $264,950 (1.9%) | $312,960 (2.5%) | 0.00 | 319 |
2024-01-01 | $264,925 (1.8%) | $314,070 (5.0%) | 0.00 | 310 |
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%) | $332,216 (4.9%) | 0.00 | 351 |
2024-06-01 | $265,000 (-5.5%) | $330,125 (-1.4%) | 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 (1.8%) | 0.00 | 366 |
2024-10-01 | $260,000 (0.0%) | $329,633 (3.6%) | 0.00 | 368 |
Hammond's median listing price comes in at 0% of the national average.
Hammond's average listing price for 2024-10-01 was $329,633, a difference of $11,541 (3.6%) versus the prior year and $-5,483 versus the prior month.
For the 2024-10-01 period, Hammond had 368 MLS listings, a difference of 2 listings (1%) versus the prior month and 57 listings (18%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Hammond (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,850 sqft |
2018-02-01 | 0 days | 1,831 sqft |
2018-03-01 | 0 days | 1,858 sqft |
2018-04-01 | 0 days | 1,859 sqft |
2018-05-01 | 0 days | 1,885 sqft |
2018-06-01 | 0 days | 1,860 sqft |
2018-07-01 | 0 days | 1,843 sqft |
2018-08-01 | 0 days | 1,842 sqft |
2018-09-01 | 0 days | 1,805 sqft |
2018-10-01 | 0 days | 1,791 sqft |
2018-11-01 | 0 days | 1,776 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 | 1,867 sqft |
2019-07-01 | 0 days | 1,859 sqft |
2019-08-01 | 0 days | 1,856 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 | 1,859 sqft |
2020-02-01 | 0 days | 1,858 sqft |
2020-03-01 | 0 days | 1,884 sqft |
2020-04-01 | 0 days | 1,882 sqft |
2020-05-01 | 0 days | 1,899 sqft |
2020-06-01 | 0 days | 1,999 sqft |
2020-07-01 | 0 days | 2,020 sqft |
2020-08-01 | 0 days | 1,987 sqft |
2020-09-01 | 0 days | 2,063 sqft |
2020-10-01 | 0 days | 1,920 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 | 1,860 sqft |
2022-09-01 | 0 days | 1,838 sqft |
2022-10-01 | 0 days | 1,814 sqft |
2022-11-01 | 0 days | 1,871 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 | 2,065 sqft |
2023-07-01 | 0 days | 2,000 sqft |
2023-08-01 | 0 days | 2,000 sqft |
2023-09-01 | 0 days | 1,926 sqft |
2023-10-01 | 0 days | 1,888 sqft |
2023-11-01 | 0 days | 1,888 sqft |
2023-12-01 | 0 days | 1,860 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 |
Hammond's median square footage for active listings during the 2024-10-01 period was 1,861 sqft. One year prior, the average listing was 1,888 sqft.