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
6.1%
for the week of 2024-12-13, compared to the national average (all USDA variants) of
6.303% for the same period.
Houma's average USDA mortgage closing costs are $5,452.
The average rate for the prior week (2024-12-06) was
6.24% and
one month ago for the week of 2024-11-08, the
average rate was 6.35%.
The average rate one year ago was 6.42%.
For refis of the same type during the week of 2024-12-13, the average rate
was 6.14%.
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 |
| 2024-11-01 | $235,000 (-1.5%) | $304,274 (1.8%) | 0.56 | 791 |
Houma's median listing price comes in at 56% of the national average.
Houma's average listing price for 2024-11-01 was $304,274, a difference of $5,499 (1.8%) versus the prior year and $-2,735 versus the prior month.
For the 2024-11-01 period, Houma had 791 MLS listings, a difference of -6 listings (-1%) versus the prior month and 108 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 | 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 |
| 2024-11-01 | 108 days | 1,784 sqft |
Houma's median square footage for active listings during the 2024-11-01 period was 1,784 sqft. One year prior, the average listing was 1,813 sqft.