Houma USDA Loan Rates, Closing Costs & Stats

HOUMA-THIBODAUX, 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.

Houma's 20 lenders originated 173 USDA loans during 2024. The total origination value was $33,175,000, with an average USDA loan value of $191,763.

Houma USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Houma averaged -0.08% for the week of 2025-06-20, compared to the national average (all USDA variants) of 0% for the same period.

Houma's average USDA mortgage closing costs are $5,554.

The average rate for the prior week (2025-06-13) was 6.32% and one month ago for the week of 2025-05-16, the average rate was 6.59%.

The average rate one year ago was 6.71%.

For refis of the same type during the week of 2025-06-20, the average rate was 0.09%.

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

Houma 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 Houma level.

Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
GMFS LLC 44 6.31% $4,029
UNITED WHOLESALE MORTGAGE, LLC 33 6.21% $8,551
Assurance Financial Group, L.L.C. 26 6.49% $6,708
EUSTIS AND AMERICAN MORTGAGE COMPANY 20 5.70% $9,827
DSLD MORTGAGE, LLC 10 5.82% $3,121
DHI MORTGAGE COMPANY, LTD. 8 4.90% $4,969
Equity Prime Mortgage LLC 7 6.14% $8,494
Hancock Whitney Bank 4 6.31% $5,969
SOUTHWEST FUNDING, LP 4 6.97% $6,312
Goldwater Bank, N.A. 2 6.00% $10,071
FIRST COMMUNITY MORTGAGE, INC. 2 5.75% $11,899
Flagstar Bank, FSB 2 6.44% $6,591
OPEN MORTGAGE, LLC 2 5.93% $10,177
MID AMERICA MORTGAGE, INC. 1 6.88% $4,692
MOVEMENT MORTGAGE, LLC 1 6.75% $7,854
NEWREZ LLC 1 4.99% $11,454
AMERICAN FINANCIAL RESOURCES, INC. 1 6.63% $6,883
First Option Mortgage, LLC 1 6.25% $6,523
UNION HOME MORTGAGE CORP. 1 6.13% $5,829
ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 6.88% $8,261

The top Houma USDA lender as defined by loan originations is GMFS LLC, with 44 USDA loans originated. Their average total fees are $4,029, which is $4,522 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

The lowest fee Houma USDA lenders (with over 10 loans originated) are DSLD MORTGAGE, LLC ($3,121), GMFS LLC ($4,029), Assurance Financial Group, L.L.C. ($6,708), UNITED WHOLESALE MORTGAGE, LLC ($8,551) and EUSTIS AND AMERICAN MORTGAGE COMPANY ($9,827).

The lowest rate Houma USDA lenders (with over 10 loans originated) are EUSTIS AND AMERICAN MORTGAGE COMPANY (5.70%), DSLD MORTGAGE, LLC (5.82%), UNITED WHOLESALE MORTGAGE, LLC (6.21%), GMFS LLC (6.31%) and Assurance Financial Group, L.L.C. (6.49%).