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 -0.12% for the week of 2025-06-20, 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 (2025-06-13) was 6.58% and one month ago for the week of 2025-05-16, the average rate was 6.45%.

    The average rate one year ago was 6.57%.

    For refis of the same type during the week of 2025-06-20, the average rate was -0.28%.

    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%), .