Houma USDA Loan Rates, Closing Costs & Stats

HOUMA-THIBODAUX, 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.

    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 6.17% for the week of 2025-07-11, compared to the national average (all USDA variants) of 6.449% for the same period.

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

    The average rate for the prior week (2025-07-04) was 6.48% and one month ago for the week of 2025-06-06, the average rate was 6.58%.

    The average rate one year ago was 6.76%.

    For refis of the same type during the week of 2025-07-11, the average rate was 6.34%.

    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%).

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Houma (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 $174,975 (0.0%) $233,848 (4.9%) 0.65 907
    2018-02-01 $175,000 (0.0%) $237,046 (7.3%) 0.64 892
    2018-03-01 $176,500 (0.9%) $241,846 (7.4%) 0.62 866
    2018-04-01 $178,700 (1.7%) $246,735 (8.2%) 0.61 862
    2018-05-01 $179,000 (1.7%) $246,095 (6.2%) 0.60 860
    2018-06-01 $179,000 (-0.5%) $250,821 (5.3%) 0.60 871
    2018-07-01 $179,800 (0.0%) $249,952 (6.3%) 0.60 899
    2018-08-01 $180,000 (0.1%) $249,487 (4.6%) 0.60 924
    2018-09-01 $180,000 (0.6%) $243,788 (1.8%) 0.61 930
    2018-10-01 $182,500 (4.3%) $240,099 (0.2%) 0.62 912
    2018-11-01 $184,894 (7.1%) $240,858 (3.6%) 0.63 894
    2018-12-01 $185,000 (8.5%) $236,709 (2.4%) 0.64 883
    2019-01-01 $186,800 (6.8%) $238,070 (1.8%) 0.65 847
    2019-02-01 $187,475 (7.1%) $240,213 (1.3%) 0.63 850
    2019-03-01 $192,069 (8.8%) $242,968 (0.5%) 0.63 838
    2019-04-01 $194,948 (9.1%) $247,088 (0.1%) 0.62 833
    2019-05-01 $198,850 (11.1%) $254,539 (3.4%) 0.62 829
    2019-06-01 $199,000 (11.2%) $259,190 (3.3%) 0.62 835
    2019-07-01 $199,450 (10.9%) $263,117 (5.3%) 0.62 840
    2019-08-01 $199,273 (10.7%) $262,985 (5.4%) 0.63 831
    2019-09-01 $199,682 (10.9%) $264,164 (8.4%) 0.64 805
    2019-10-01 $200,000 (9.6%) $264,951 (10.4%) 0.65 788
    2019-11-01 $196,900 (6.5%) $259,372 (7.7%) 0.65 769
    2019-12-01 $193,450 (4.6%) $259,058 (9.4%) 0.65 742
    2020-01-01 $192,975 (3.3%) $257,621 (8.2%) 0.64 712
    2020-02-01 $192,000 (2.4%) $260,289 (8.4%) 0.63 709
    2020-03-01 $192,000 (0.0%) $266,491 (9.7%) 0.60 697
    2020-04-01 $192,144 (-1.4%) $270,514 (9.5%) 0.60 676
    2020-05-01 $199,900 (0.5%) $281,957 (10.8%) 0.61 604
    2020-06-01 $199,900 (0.5%) $283,655 (9.4%) 0.59 566
    2020-07-01 $195,500 (-2.0%) $276,606 (5.1%) 0.57 562
    2020-08-01 $198,000 (-0.6%) $279,151 (6.2%) 0.57 525
    2020-09-01 $195,000 (-2.3%) $284,356 (7.6%) 0.56 512
    2020-10-01 $188,000 (-6.0%) $284,850 (7.5%) 0.54 492
    2020-11-01 $196,950 (0.0%) $294,346 (13.5%) 0.58 481
    2020-12-01 $199,325 (3.0%) $304,972 (17.7%) 0.59 467
    2021-01-01 $198,750 (3.0%) $302,246 (17.3%) 0.59 441
    2021-02-01 $204,950 (6.7%) $302,501 (16.2%) 0.60 400
    2021-03-01 $220,926 (15.1%) $303,876 (14.0%) 0.63 376
    2021-04-01 $232,500 (21.0%) $320,328 (18.4%) 0.63 360
    2021-05-01 $229,950 (15.0%) $329,153 (16.7%) 0.61 316
    2021-06-01 $226,500 (13.3%) $334,828 (18.0%) 0.60 326
    2021-07-01 $225,000 (15.1%) $333,643 (20.6%) 0.59 318
    2021-08-01 $221,850 (12.1%) $331,206 (18.7%) 0.59 323
    2021-09-01 $219,950 (12.8%) $337,161 (18.6%) 0.59 282
    2021-10-01 $238,900 (27.1%) $372,184 (30.7%) 0.64 213
    2021-11-01 $248,350 (26.1%) $381,237 (29.5%) 0.66 195
    2021-12-01 $254,750 (27.8%) $402,511 (32.0%) 0.69 187
    2022-01-01 $250,000 (25.8%) $399,406 (32.2%) 0.68 170
    2022-02-01 $239,500 (16.9%) $378,177 (25.0%) 0.62 175
    2022-03-01 $259,200 (17.3%) $382,075 (25.7%) 0.65 181
    2022-04-01 $269,900 (16.1%) $389,043 (21.5%) 0.64 202
    2022-05-01 $288,000 (25.2%) $399,829 (21.5%) 0.66 221
    2022-06-01 $280,000 (23.6%) $379,507 (13.3%) 0.62 275
    2022-07-01 $269,900 (20.0%) $358,217 (7.4%) 0.61 331
    2022-08-01 $271,700 (22.5%) $348,883 (5.3%) 0.63 350
    2022-09-01 $260,000 (18.2%) $331,421 (-1.7%) 0.61 379
    2022-10-01 $255,000 (6.7%) $327,909 (-11.9%) 0.60 406
    2022-11-01 $252,384 (1.6%) $316,445 (-17.0%) 0.61 444
    2022-12-01 $250,000 (-1.9%) $313,838 (-22.0%) 0.62 507
    2023-01-01 $249,050 (-0.4%) $316,224 (-20.8%) 0.62 447
    2023-02-01 $249,725 (4.3%) $311,828 (-17.5%) 0.60 441
    2023-03-01 $256,875 (-0.9%) $320,334 (-16.2%) 0.61 436
    2023-04-01 $255,250 (-5.4%) $321,732 (-17.3%) 0.59 441
    2023-05-01 $249,225 (-13.5%) $317,175 (-20.7%) 0.57 498
    2023-06-01 $249,900 (-10.8%) $318,900 (-16.0%) 0.56 531
    2023-07-01 $249,950 (-7.4%) $316,344 (-11.7%) 0.57 584
    2023-08-01 $241,225 (-11.2%) $310,128 (-11.1%) 0.55 598
    2023-09-01 $240,000 (-7.7%) $305,607 (-7.8%) 0.56 630
    2023-10-01 $239,000 (-6.3%) $300,044 (-8.5%) 0.56 672
    2023-11-01 $238,500 (-5.5%) $298,775 (-5.6%) 0.57 683
    2023-12-01 $239,000 (-4.4%) $302,425 (-3.6%) 0.58 675
    2024-01-01 $236,750 (-4.9%) $302,066 (-4.5%) 0.58 639
    2024-02-01 $230,500 (-7.7%) $298,692 (-4.2%) 0.55 622
    2024-03-01 $230,500 (-10.3%) $295,200 (-7.9%) 0.54 646
    2024-04-01 $229,900 (-9.9%) $298,086 (-7.4%) 0.53 709
    2024-05-01 $229,450 (-7.9%) $301,440 (-5.0%) 0.52 734
    2024-06-01 $230,330 (-7.8%) $302,692 (-5.1%) 0.52 760
    2024-07-01 $234,475 (-6.2%) $299,855 (-5.2%) 0.54 791
    2024-08-01 $229,500 (-4.9%) $304,667 (-1.8%) 0.53 796
    2024-09-01 $229,500 (-4.4%) $306,372 (0.3%) 0.54 791
    2024-10-01 $232,500 (-2.7%) $307,009 (2.3%) 0.55 797
    2024-11-01 $235,000 (-1.5%) $304,274 (1.8%) 0.56 791
    2024-12-01 $234,975 (-1.7%) $304,909 (0.8%) 0.58 773
    2025-01-01 $229,225 (-3.2%) $305,280 (1.1%) 0.57 753
    2025-02-01 $228,000 (-1.1%) $305,834 (2.4%) 0.55 766
    2025-03-01 $229,000 (-0.7%) $306,808 (3.9%) 0.54 795
    2025-04-01 $234,250 (1.9%) $304,936 (2.3%) 0.54 852
    2025-05-01 $230,000 (0.2%) $305,080 (1.2%) 0.52 870
    2025-06-01 $220,040 (-4.5%) $296,935 (-1.9%) 0.50 879
    Houma's median listing price for 2025-06-01 was $220,040, a difference of $-10,290 (-4.5%) versus the prior year and $-9,960 versus the prior month.

    Houma's median listing price comes in at 50% of the national average.

    Houma's average listing price for 2025-06-01 was $296,935, a difference of $-5,757 (-1.9%) versus the prior year and $-8,145 versus the prior month.

    For the 2025-06-01 period, Houma had 879 MLS listings, a difference of 9 listings (1%) versus the prior month and 119 listings (16%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Houma (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 111 days 2,458 sqft
    2018-02-01 107 days 2,491 sqft
    2018-03-01 113 days 1,949 sqft
    2018-04-01 84 days 1,865 sqft
    2018-05-01 81 days 1,895 sqft
    2018-06-01 81 days 1,939 sqft
    2018-07-01 82 days 1,965 sqft
    2018-08-01 85 days 1,991 sqft
    2018-09-01 87 days 1,982 sqft
    2018-10-01 88 days 1,974 sqft
    2018-11-01 92 days 1,938 sqft
    2018-12-01 101 days 1,939 sqft
    2019-01-01 109 days 1,972 sqft
    2019-02-01 106 days 1,993 sqft
    2019-03-01 87 days 2,013 sqft
    2019-04-01 84 days 2,042 sqft
    2019-05-01 85 days 2,106 sqft
    2019-06-01 84 days 2,124 sqft
    2019-07-01 88 days 2,217 sqft
    2019-08-01 88 days 2,360 sqft
    2019-09-01 88 days 2,516 sqft
    2019-10-01 88 days 2,647 sqft
    2019-11-01 92 days 2,642 sqft
    2019-12-01 98 days 2,654 sqft
    2020-01-01 104 days 2,664 sqft
    2020-02-01 96 days 2,681 sqft
    2020-03-01 90 days 2,669 sqft
    2020-04-01 93 days 2,698 sqft
    2020-05-01 102 days 2,754 sqft
    2020-06-01 109 days 2,800 sqft
    2020-07-01 94 days 2,734 sqft
    2020-08-01 79 days 2,712 sqft
    2020-09-01 78 days 2,723 sqft
    2020-10-01 82 days 2,711 sqft
    2020-11-01 83 days 2,771 sqft
    2020-12-01 86 days 2,835 sqft
    2021-01-01 91 days 2,751 sqft
    2021-02-01 84 days 2,723 sqft
    2021-03-01 59 days 2,781 sqft
    2021-04-01 66 days 2,923 sqft
    2021-05-01 73 days 3,074 sqft
    2021-06-01 69 days 2,974 sqft
    2021-07-01 69 days 2,999 sqft
    2021-08-01 64 days 2,927 sqft
    2021-09-01 79 days 2,939 sqft
    2021-10-01 88 days 3,113 sqft
    2021-11-01 93 days 3,146 sqft
    2021-12-01 87 days 3,218 sqft
    2022-01-01 86 days 3,140 sqft
    2022-02-01 68 days 3,091 sqft
    2022-03-01 56 days 3,077 sqft
    2022-04-01 44 days 3,012 sqft
    2022-05-01 54 days 3,023 sqft
    2022-06-01 38 days 2,895 sqft
    2022-07-01 45 days 2,778 sqft
    2022-08-01 60 days 2,748 sqft
    2022-09-01 70 days 2,626 sqft
    2022-10-01 71 days 2,680 sqft
    2022-11-01 73 days 2,618 sqft
    2022-12-01 70 days 2,480 sqft
    2023-01-01 33 days 1,802 sqft
    2023-02-01 56 days 1,835 sqft
    2023-03-01 84 days 1,898 sqft
    2023-04-01 88 days 1,906 sqft
    2023-05-01 78 days 1,865 sqft
    2023-06-01 71 days 1,855 sqft
    2023-07-01 77 days 1,838 sqft
    2023-08-01 84 days 1,833 sqft
    2023-09-01 87 days 1,820 sqft
    2023-10-01 93 days 1,820 sqft
    2023-11-01 98 days 1,813 sqft
    2023-12-01 99 days 1,821 sqft
    2024-01-01 105 days 1,806 sqft
    2024-02-01 105 days 1,783 sqft
    2024-03-01 95 days 1,800 sqft
    2024-04-01 72 days 1,784 sqft
    2024-05-01 72 days 1,800 sqft
    2024-06-01 77 days 1,811 sqft
    2024-07-01 86 days 1,783 sqft
    2024-08-01 87 days 1,781 sqft
    2024-09-01 94 days 1,780 sqft
    2024-10-01 102 days 1,782 sqft
    2024-11-01 108 days 1,784 sqft
    2024-12-01 114 days 1,783 sqft
    2025-01-01 109 days 1,785 sqft
    2025-02-01 110 days 1,774 sqft
    2025-03-01 91 days 1,795 sqft
    2025-04-01 81 days 1,811 sqft
    2025-05-01 80 days 1,800 sqft
    2025-06-01 86 days 1,786 sqft
    Houma's median listing age (time on market) for 2025-06-01 was 86 days. This is 12% longer than the same period one year ago.

    Houma's median square footage for active listings during the 2025-06-01 period was 1,786 sqft. One year prior, the average listing was 1,811 sqft.