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 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 6.46% for the week of 2024-04-19, compared to the national average (all USDA variants) of 6.863% for the same period.

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

    The average rate for the prior week (2024-04-12) was 6.31% and one month ago for the week of 2024-03-15, the average rate was 6.4%.

    The average rate one year ago was 6.14%.

    For refis of the same type during the week of 2024-04-19, the average rate was 7%.

    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
    Houma's median listing price for 2024-03-01 was $230,500, a difference of $-26,375 (-10.3%) versus the prior year and $0 versus the prior month.

    Houma's median listing price comes in at 54% of the national average.

    Houma's average listing price for 2024-03-01 was $295,200, a difference of $-25,134 (-7.9%) versus the prior year and $-3,492 versus the prior month.

    For the 2024-03-01 period, Houma had 646 MLS listings, a difference of 24 listings (4%) versus the prior month and 210 listings (48%) 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
    Houma's median listing age (time on market) for 2024-03-01 was 95 days. This is 14% longer than the same period one year ago.

    Houma's median square footage for active listings during the 2024-03-01 period was 1,800 sqft. One year prior, the average listing was 1,898 sqft.