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 19 lenders originated 152 USDA loans during 2023. The total origination value was $28,950,000, with an average USDA loan value of $190,461.

Houma USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Houma averaged -0.2% for the week of 2024-11-29, compared to the national average (all USDA variants) of 0% for the same period.

Houma's average USDA mortgage closing costs are $5,452.

The average rate for the prior week (2024-11-22) was 6.5% and one month ago for the week of 2024-10-25, the average rate was 5.9%.

The average rate one year ago was 6.9%.

For refis of the same type during the week of 2024-11-29, the average rate was -0.17%.

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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
UNITED WHOLESALE MORTGAGE, LLC 51 6.11% $8,930
Assurance Financial Group, L.L.C. 26 6.41% $7,243
GMFS LLC 18 6.46% $3,401
EUSTIS AND AMERICAN MORTGAGE COMPANY 17 6.42% $9,055
DSLD MORTGAGE, LLC 6 5.89% $3,565
NEWREZ LLC 6 6.67% $9,883
Citizens Bank 4 6.47% $6,536
DHI MORTGAGE COMPANY, LTD. 4 5.47% $5,477
Flagstar Bank, FSB 3 7.08% $7,905
Equity Prime Mortgage LLC 3 6.63% $7,550
LOANDEPOT.COM, LLC 2 6.56% $8,528
Paramount Residential Mortgage Group, Inc. 2 6.50% $10,667
MORTGAGE SOLUTIONS OF COLORADO, LLC 1 5.50% $12,324
MOVEMENT MORTGAGE, LLC 1 5.75% $7,490
CARDINAL FINANCIAL 1 6.75% $4,994
UNION HOME MORTGAGE CORP. 1 6.13% $6,480
AMERICAN FINANCIAL RESOURCES, INC. 1 6.25% $4,993
BROKER SOLUTIONS, INC. 1 7.13% $6,650
GUARANTEED RATE, INC. 1 7.75% $7,633

The top Houma USDA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 51 USDA loans originated. Their average total fees are $8,930, which is $1,687 higher than the next largest lender, Assurance Financial Group, L.L.C..

The lowest fee Houma USDA lenders (with over 10 loans originated) are GMFS LLC ($3,401), Assurance Financial Group, L.L.C. ($7,243), UNITED WHOLESALE MORTGAGE, LLC ($8,930), EUSTIS AND AMERICAN MORTGAGE COMPANY ($9,055) and .

The lowest rate Houma USDA lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC (6.11%), Assurance Financial Group, L.L.C. (6.41%), EUSTIS AND AMERICAN MORTGAGE COMPANY (6.42%), GMFS LLC (6.46%) and .


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 $174,900 (-0.1%) $233,403 (4.8%) 0.65 905
2018-02-01 $174,975 (0.0%) $236,777 (7.2%) 0.64 890
2018-03-01 $176,000 (0.6%) $241,544 (7.4%) 0.62 864
2018-04-01 $178,200 (1.5%) $246,481 (8.4%) 0.60 860
2018-05-01 $179,000 (2.0%) $245,839 (6.3%) 0.60 858
2018-06-01 $179,000 (-0.5%) $250,605 (5.4%) 0.60 869
2018-07-01 $179,600 (-0.1%) $249,840 (6.5%) 0.60 897
2018-08-01 $180,000 (0.1%) $249,435 (4.8%) 0.60 923
2018-09-01 $180,000 (0.6%) $243,732 (1.9%) 0.61 929
2018-10-01 $181,875 (3.9%) $240,038 (0.3%) 0.62 911
2018-11-01 $184,813 (7.2%) $240,795 (3.8%) 0.63 893
2018-12-01 $185,000 (8.8%) $236,641 (2.5%) 0.64 882
2019-01-01 $186,800 (6.8%) $238,070 (2.0%) 0.65 847
2019-02-01 $187,475 (7.1%) $240,213 (1.5%) 0.63 850
2019-03-01 $191,770 (9.0%) $242,941 (0.6%) 0.63 838
2019-04-01 $194,574 (9.2%) $247,027 (0.2%) 0.62 832
2019-05-01 $198,750 (11.0%) $254,486 (3.5%) 0.62 828
2019-06-01 $198,750 (11.0%) $259,143 (3.4%) 0.62 834
2019-07-01 $199,000 (10.8%) $263,075 (5.3%) 0.62 839
2019-08-01 $198,909 (10.5%) $262,942 (5.4%) 0.63 830
2019-09-01 $199,523 (10.9%) $264,121 (8.4%) 0.64 804
2019-10-01 $200,000 (10.0%) $264,908 (10.4%) 0.65 787
2019-11-01 $195,950 (6.0%) $259,321 (7.7%) 0.64 768
2019-12-01 $193,450 (4.6%) $259,005 (9.5%) 0.65 741
2020-01-01 $192,500 (3.1%) $257,564 (8.2%) 0.64 711
2020-02-01 $192,000 (2.4%) $260,235 (8.3%) 0.63 708
2020-03-01 $192,000 (0.1%) $266,445 (9.7%) 0.60 696
2020-04-01 $192,144 (-1.3%) $270,514 (9.5%) 0.60 676
2020-05-01 $199,900 (0.6%) $281,929 (10.8%) 0.61 603
2020-06-01 $199,900 (0.6%) $283,629 (9.5%) 0.59 565
2020-07-01 $195,500 (-1.8%) $276,587 (5.1%) 0.57 562
2020-08-01 $198,000 (-0.5%) $279,151 (6.2%) 0.57 525
2020-09-01 $195,000 (-2.3%) $284,356 (7.7%) 0.56 512
2020-10-01 $188,000 (-6.0%) $284,850 (7.5%) 0.54 492
2020-11-01 $196,950 (0.5%) $294,346 (13.5%) 0.58 481
2020-12-01 $199,325 (3.0%) $304,939 (17.7%) 0.59 467
2021-01-01 $198,750 (3.3%) $302,246 (17.4%) 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 (14.1%) 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 (16.8%) 0.61 316
2021-06-01 $226,500 (13.3%) $334,828 (18.1%) 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 $219,925 (12.8%) $336,723 (18.4%) 0.59 281
2021-10-01 $238,000 (26.6%) $372,184 (30.7%) 0.63 213
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 (-1.6%) 0.61 379
2022-10-01 $255,000 (7.1%) $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 $231,615 (-7.3%) $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
Houma's median listing price for 2024-10-01 was $232,500, a difference of $-6,500 (-2.7%) versus the prior year and $3,000 versus the prior month.

Houma's median listing price comes in at 55% of the national average.

Houma's average listing price for 2024-10-01 was $307,009, a difference of $6,965 (2.3%) versus the prior year and $637 versus the prior month.

For the 2024-10-01 period, Houma had 797 MLS listings, a difference of 6 listings (1%) versus the prior month and 125 listings (19%) 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
2018-01-01 110 days 2,458 sqft
2018-02-01 107 days 2,491 sqft
2018-03-01 112 days 1,996 sqft
2018-04-01 84 days 1,892 sqft
2018-05-01 81 days 1,918 sqft
2018-06-01 81 days 1,973 sqft
2018-07-01 82 days 1,990 sqft
2018-08-01 85 days 2,008 sqft
2018-09-01 87 days 2,001 sqft
2018-10-01 88 days 1,988 sqft
2018-11-01 92 days 1,941 sqft
2018-12-01 101 days 1,969 sqft
2019-01-01 109 days 1,989 sqft
2019-02-01 106 days 1,999 sqft
2019-03-01 87 days 2,021 sqft
2019-04-01 84 days 2,049 sqft
2019-05-01 85 days 2,150 sqft
2019-06-01 84 days 2,152 sqft
2019-07-01 88 days 2,223 sqft
2019-08-01 88 days 2,368 sqft
2019-09-01 88 days 2,520 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 89 days 2,671 sqft
2020-04-01 93 days 2,703 sqft
2020-05-01 102 days 2,757 sqft
2020-06-01 110 days 2,803 sqft
2020-07-01 94 days 2,737 sqft
2020-08-01 79 days 2,714 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 2,836 sqft
2021-01-01 91 days 2,756 sqft
2021-02-01 84 days 2,724 sqft
2021-03-01 59 days 2,793 sqft
2021-04-01 66 days 2,926 sqft
2021-05-01 73 days 3,085 sqft
2021-06-01 69 days 2,984 sqft
2021-07-01 69 days 3,012 sqft
2021-08-01 64 days 2,930 sqft
2021-09-01 79 days 2,949 sqft
2021-10-01 88 days 3,126 sqft
2021-11-01 93 days 3,152 sqft
2021-12-01 87 days 3,235 sqft
2022-01-01 86 days 3,149 sqft
2022-02-01 68 days 3,098 sqft
2022-03-01 56 days 3,081 sqft
2022-04-01 44 days 3,014 sqft
2022-05-01 54 days 3,025 sqft
2022-06-01 38 days 2,915 sqft
2022-07-01 45 days 2,780 sqft
2022-08-01 60 days 2,751 sqft
2022-09-01 70 days 2,631 sqft
2022-10-01 71 days 2,681 sqft
2022-11-01 73 days 2,622 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 75 days 1,808 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
Houma's median listing age (time on market) for 2024-10-01 was 102 days. This is 10% longer than the same period one year ago.

Houma's median square footage for active listings during the 2024-10-01 period was 1,782 sqft. One year prior, the average listing was 1,820 sqft.