Lafayette USDA Loan Rates, Closing Costs & Stats

LAFAYETTE, LA

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets
  • Market Conditions & Pricing
  • Time on Market/Property Size

    • 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.

    Lafayette's 38 lenders originated 326 USDA loans during 2023. The total origination value was $60,870,000, with an average USDA loan value of $186,718.

    Lafayette USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Lafayette averaged 6.31% for the week of 2025-02-14, compared to the national average (all USDA variants) of 6.526% for the same period.

    Lafayette's average USDA mortgage closing costs are $5,056.

    The average rate for the prior week (2025-02-07) was 6.57% and one month ago for the week of 2025-01-10, the average rate was 6.21%.

    The average rate one year ago was 6.4%.

    For refis of the same type during the week of 2025-02-14, the average rate was 6.2%.

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

    Lafayette 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 Lafayette level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    UNITED WHOLESALE MORTGAGE, LLC 38 6.15% $8,509
    DSLD MORTGAGE, LLC 29 6.05% $3,515
    GMFS LLC 27 6.72% $4,239
    DHI MORTGAGE COMPANY, LTD. 25 5.23% $6,114
    MID AMERICA MORTGAGE, INC. 23 6.77% $5,468
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 20 6.49% $6,777
    EUSTIS AND AMERICAN MORTGAGE COMPANY 19 6.85% $5,877
    UNION HOME MORTGAGE CORP. 16 6.75% $6,570
    AMERICAN PACIFIC MORTGAGE CORPORATION 13 6.87% $6,835
    NEWREZ LLC 12 6.97% $6,379
    Assurance Financial Group, L.L.C. 12 6.73% $8,122
    Equity Prime Mortgage LLC 8 6.72% $9,137
    CROSSCOUNTRY MORTGAGE, LLC 8 6.83% $8,196
    First Horizon Bank 7 6.22% $5,361
    AMERICAN FINANCIAL RESOURCES, INC. 6 6.13% $7,432
    FIDELITY BANK 6 6.86% $5,910
    FIRST COMMUNITY MORTGAGE, INC. 5 6.95% $6,726
    PLAZA HOME MORTGAGE, INC. 5 6.25% $7,518
    CARDINAL FINANCIAL 4 6.94% $6,527
    SOUTHPOINT FINANCIAL SERVICES, INC. 4 5.97% $3,762
    MORTGAGE FINANCIAL SERVICES, LLC 3 7.08% $5,421
    STANDARD MORTGAGE CORPORATION 3 5.68% $7,037
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 2 7.25% $5,518
    Flagstar Bank, FSB 2 7.00% $4,109
    Paramount Residential Mortgage Group, Inc. 2 6.69% $7,474
    Summit Mortgage Corporation 2 6.50% $13,530
    OPEN MORTGAGE, LLC 1 5.75% $3,093
    Bank of England 1 6.00% $4,234
    INSPIRE HOME LOANS INC. 1 6.13% $6,204
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 6.13% $6,940
    HOMESIDE FINANCIAL, LLC 1 7.25% $8,017
    Home Bank 1 6.88% $5,942
    STOCKTON MORTGAGE CORPORATION 1 6.50% $5,033
    CRESCENT MORTGAGE COMPANY 1 6.25% $7,268
    T2 FINANCIAL LLC 1 7.00% $7,233
    TOWNE MORTGAGE COMPANY 1 7.25% $8,150
    MUTUAL OF OMAHA MORTGAGE, INC. 1 5.63% $5,398
    Century Mortgage Company DBA Century Lending Company 1 7.63% $5,079

    The top Lafayette USDA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 38 USDA loans originated. Their average total fees are $8,509, which is $4,995 higher than the next largest lender, DSLD MORTGAGE, LLC.

    The lowest fee Lafayette USDA lenders (with over 10 loans originated) are DSLD MORTGAGE, LLC ($3,515), GMFS LLC ($4,239), MID AMERICA MORTGAGE, INC. ($5,468), EUSTIS AND AMERICAN MORTGAGE COMPANY ($5,877) and DHI MORTGAGE COMPANY, LTD. ($6,114).

    The lowest rate Lafayette USDA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (5.23%), DSLD MORTGAGE, LLC (6.05%), UNITED WHOLESALE MORTGAGE, LLC (6.15%), FAIRWAY INDEPENDENT MORTGAGE CORPORATION (6.49%) and GMFS LLC (6.72%).

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Lafayette (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 $212,425 (-1.0%) $264,546 (-2.0%) 0.77 1,908
    2018-02-01 $214,300 (-1.0%) $268,960 (0.1%) 0.76 1,930
    2018-03-01 $215,000 (-1.9%) $270,834 (-1.6%) 0.74 2,018
    2018-04-01 $219,183 (-2.6%) $276,517 (-2.3%) 0.73 2,027
    2018-05-01 $219,000 (-2.7%) $276,132 (-3.1%) 0.71 2,091
    2018-06-01 $217,500 (-3.3%) $275,234 (-3.5%) 0.70 2,168
    2018-07-01 $217,800 (-2.3%) $276,035 (-2.9%) 0.70 2,216
    2018-08-01 $217,600 (-1.1%) $273,029 (-2.5%) 0.70 2,255
    2018-09-01 $218,703 (-0.1%) $273,536 (-1.6%) 0.71 2,221
    2018-10-01 $215,000 (-0.9%) $269,033 (-2.8%) 0.70 2,203
    2018-11-01 $215,000 (0.0%) $272,031 (-0.3%) 0.71 2,164
    2018-12-01 $215,000 (1.0%) $272,748 (1.9%) 0.71 2,135
    2019-01-01 $215,250 (1.3%) $276,764 (4.6%) 0.72 2,035
    2019-02-01 $218,650 (2.0%) $281,958 (4.8%) 0.71 2,067
    2019-03-01 $219,800 (2.2%) $286,127 (5.7%) 0.69 2,066
    2019-04-01 $221,400 (1.0%) $290,734 (5.1%) 0.68 2,062
    2019-05-01 $226,475 (3.4%) $295,283 (6.9%) 0.68 1,999
    2019-06-01 $226,750 (4.3%) $296,241 (7.6%) 0.69 2,013
    2019-07-01 $229,000 (5.1%) $300,855 (9.0%) 0.69 2,005
    2019-08-01 $227,909 (4.7%) $301,092 (10.3%) 0.70 1,965
    2019-09-01 $226,273 (3.5%) $301,580 (10.3%) 0.70 1,915
    2019-10-01 $225,000 (4.7%) $302,686 (12.5%) 0.71 1,869
    2019-11-01 $220,900 (2.7%) $298,107 (9.6%) 0.70 1,836
    2019-12-01 $219,684 (2.2%) $292,253 (7.2%) 0.70 1,742
    2020-01-01 $220,000 (2.2%) $293,739 (6.1%) 0.70 1,653
    2020-02-01 $219,500 (0.4%) $298,639 (5.9%) 0.69 1,677
    2020-03-01 $222,450 (1.2%) $311,720 (8.9%) 0.67 1,685
    2020-04-01 $225,000 (1.6%) $313,931 (8.0%) 0.68 1,610
    2020-05-01 $226,230 (-0.1%) $318,531 (7.9%) 0.67 1,579
    2020-06-01 $225,450 (-0.6%) $322,912 (9.0%) 0.65 1,466
    2020-07-01 $229,680 (0.3%) $325,731 (8.3%) 0.66 1,365
    2020-08-01 $239,000 (4.9%) $330,989 (9.9%) 0.67 1,318
    2020-09-01 $237,250 (4.9%) $333,851 (10.7%) 0.67 1,204
    2020-10-01 $235,000 (4.4%) $340,250 (12.4%) 0.66 1,127
    2020-11-01 $233,300 (5.6%) $341,597 (14.6%) 0.67 1,030
    2020-12-01 $229,450 (4.5%) $342,499 (17.2%) 0.68 990
    2021-01-01 $230,000 (4.6%) $346,735 (18.0%) 0.68 889
    2021-02-01 $239,950 (9.3%) $348,746 (16.8%) 0.68 826
    2021-03-01 $249,000 (11.9%) $361,906 (16.1%) 0.68 763
    2021-04-01 $255,325 (13.5%) $382,882 (22.0%) 0.67 687
    2021-05-01 $282,500 (24.9%) $405,844 (27.4%) 0.73 646
    2021-06-01 $284,750 (26.3%) $415,741 (28.8%) 0.73 657
    2021-07-01 $276,250 (20.3%) $420,321 (29.0%) 0.71 706
    2021-08-01 $275,250 (15.2%) $425,538 (28.6%) 0.72 721
    2021-09-01 $278,850 (17.5%) $430,831 (29.1%) 0.73 718
    2021-10-01 $279,500 (18.9%) $409,354 (20.3%) 0.73 708
    2021-11-01 $277,500 (19.0%) $403,473 (18.1%) 0.72 705
    2021-12-01 $277,500 (20.9%) $394,657 (15.2%) 0.73 689
    2022-01-01 $276,475 (20.2%) $397,302 (14.6%) 0.73 632
    2022-02-01 $279,000 (16.3%) $403,943 (15.8%) 0.71 591
    2022-03-01 $290,125 (16.5%) $417,325 (15.3%) 0.72 567
    2022-04-01 $308,388 (20.8%) $426,286 (11.3%) 0.72 554
    2022-05-01 $300,250 (6.3%) $427,208 (5.3%) 0.68 589
    2022-06-01 $304,125 (6.8%) $417,726 (0.5%) 0.66 667
    2022-07-01 $299,450 (8.4%) $397,690 (-5.4%) 0.66 782
    2022-08-01 $295,600 (7.4%) $383,861 (-9.8%) 0.66 815
    2022-09-01 $298,975 (7.2%) $387,269 (-10.1%) 0.67 849
    2022-10-01 $294,600 (5.4%) $391,016 (-4.5%) 0.66 846
    2022-11-01 $288,625 (4.0%) $375,028 (-7.1%) 0.66 894
    2022-12-01 $293,250 (5.7%) $375,967 (-4.7%) 0.68 865
    2023-01-01 $299,625 (8.4%) $383,123 (-3.6%) 0.71 848
    2023-02-01 $295,000 (5.7%) $379,683 (-6.0%) 0.67 843
    2023-03-01 $298,950 (3.0%) $384,760 (-7.8%) 0.67 861
    2023-04-01 $283,000 (-8.2%) $378,150 (-11.3%) 0.63 888
    2023-05-01 $285,281 (-5.0%) $379,070 (-11.3%) 0.61 911
    2023-06-01 $280,500 (-7.8%) $376,526 (-9.9%) 0.61 944
    2023-07-01 $274,000 (-8.5%) $362,721 (-8.8%) 0.60 1,035
    2023-08-01 $270,700 (-8.4%) $358,217 (-6.7%) 0.61 1,044
    2023-09-01 $274,900 (-8.1%) $356,699 (-7.9%) 0.62 1,048
    2023-10-01 $269,950 (-8.4%) $350,552 (-10.4%) 0.62 1,073
    2023-11-01 $273,091 (-5.4%) $349,699 (-6.8%) 0.63 1,114
    2023-12-01 $270,000 (-7.9%) $353,280 (-6.0%) 0.64 1,143
    2024-01-01 $266,200 (-11.2%) $353,669 (-7.7%) 0.63 1,093
    2024-02-01 $267,725 (-9.3%) $358,337 (-5.6%) 0.63 1,065
    2024-03-01 $265,000 (-11.4%) $358,961 (-6.7%) 0.61 1,104
    2024-04-01 $267,765 (-5.4%) $353,152 (-6.6%) 0.60 1,213
    2024-05-01 $269,225 (-5.6%) $355,995 (-6.1%) 0.59 1,214
    2024-06-01 $270,000 (-3.7%) $359,667 (-4.5%) 0.58 1,265
    2024-07-01 $273,500 (-0.2%) $365,572 (0.8%) 0.60 1,274
    2024-08-01 $272,000 (0.5%) $363,742 (1.5%) 0.60 1,328
    2024-09-01 $272,100 (-1.0%) $361,661 (1.4%) 0.61 1,334
    2024-10-01 $279,950 (3.7%) $366,942 (4.7%) 0.62 1,377
    2024-11-01 $275,000 (0.7%) $367,673 (5.1%) 0.64 1,411
    2024-12-01 $269,950 (0.0%) $363,290 (2.8%) 0.65 1,428
    2025-01-01 $269,525 (1.3%) $366,372 (3.6%) 0.00 1,375
    Lafayette's median listing price for 2025-01-01 was $269,525, a difference of $3,325 (1.3%) versus the prior year and $-425 versus the prior month.

    Lafayette's median listing price comes in at 0% of the national average.

    Lafayette's average listing price for 2025-01-01 was $366,372, a difference of $12,703 (3.6%) versus the prior year and $3,082 versus the prior month.

    For the 2025-01-01 period, Lafayette had 1,375 MLS listings, a difference of -53 listings (-4%) versus the prior month and 282 listings (26%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Lafayette (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 100 days 1,863 sqft
    2018-02-01 97 days 1,865 sqft
    2018-03-01 74 days 1,862 sqft
    2018-04-01 73 days 1,888 sqft
    2018-05-01 70 days 1,891 sqft
    2018-06-01 73 days 1,897 sqft
    2018-07-01 79 days 1,888 sqft
    2018-08-01 86 days 1,889 sqft
    2018-09-01 88 days 1,893 sqft
    2018-10-01 93 days 1,882 sqft
    2018-11-01 95 days 1,879 sqft
    2018-12-01 100 days 1,875 sqft
    2019-01-01 108 days 1,893 sqft
    2019-02-01 109 days 1,908 sqft
    2019-03-01 98 days 1,910 sqft
    2019-04-01 86 days 1,914 sqft
    2019-05-01 83 days 1,935 sqft
    2019-06-01 82 days 1,933 sqft
    2019-07-01 86 days 1,951 sqft
    2019-08-01 87 days 1,941 sqft
    2019-09-01 86 days 1,926 sqft
    2019-10-01 87 days 1,917 sqft
    2019-11-01 87 days 1,916 sqft
    2019-12-01 92 days 1,903 sqft
    2020-01-01 94 days 1,900 sqft
    2020-02-01 88 days 1,896 sqft
    2020-03-01 73 days 1,922 sqft
    2020-04-01 81 days 1,934 sqft
    2020-05-01 88 days 1,930 sqft
    2020-06-01 96 days 1,926 sqft
    2020-07-01 82 days 1,969 sqft
    2020-08-01 73 days 2,000 sqft
    2020-09-01 73 days 1,983 sqft
    2020-10-01 78 days 1,963 sqft
    2020-11-01 78 days 1,997 sqft
    2020-12-01 80 days 1,993 sqft
    2021-01-01 79 days 2,000 sqft
    2021-02-01 71 days 2,000 sqft
    2021-03-01 59 days 2,010 sqft
    2021-04-01 54 days 2,051 sqft
    2021-05-01 51 days 2,164 sqft
    2021-06-01 46 days 2,135 sqft
    2021-07-01 47 days 2,080 sqft
    2021-08-01 55 days 2,065 sqft
    2021-09-01 60 days 2,077 sqft
    2021-10-01 60 days 2,021 sqft
    2021-11-01 60 days 1,995 sqft
    2021-12-01 63 days 1,996 sqft
    2022-01-01 71 days 1,972 sqft
    2022-02-01 65 days 1,991 sqft
    2022-03-01 59 days 2,091 sqft
    2022-04-01 53 days 2,144 sqft
    2022-05-01 52 days 2,101 sqft
    2022-06-01 48 days 2,013 sqft
    2022-07-01 47 days 2,000 sqft
    2022-08-01 55 days 1,997 sqft
    2022-09-01 61 days 2,000 sqft
    2022-10-01 70 days 1,985 sqft
    2022-11-01 75 days 1,959 sqft
    2022-12-01 85 days 1,950 sqft
    2023-01-01 91 days 1,960 sqft
    2023-02-01 87 days 1,946 sqft
    2023-03-01 66 days 1,949 sqft
    2023-04-01 59 days 1,906 sqft
    2023-05-01 61 days 1,908 sqft
    2023-06-01 65 days 1,902 sqft
    2023-07-01 67 days 1,885 sqft
    2023-08-01 71 days 1,884 sqft
    2023-09-01 71 days 1,887 sqft
    2023-10-01 72 days 1,890 sqft
    2023-11-01 69 days 1,863 sqft
    2023-12-01 75 days 1,863 sqft
    2024-01-01 86 days 1,850 sqft
    2024-02-01 90 days 1,857 sqft
    2024-03-01 69 days 1,851 sqft
    2024-04-01 57 days 1,833 sqft
    2024-05-01 60 days 1,858 sqft
    2024-06-01 71 days 1,866 sqft
    2024-07-01 74 days 1,861 sqft
    2024-08-01 71 days 1,854 sqft
    2024-09-01 75 days 1,861 sqft
    2024-10-01 77 days 1,873 sqft
    2024-11-01 82 days 1,863 sqft
    2024-12-01 87 days 1,842 sqft
    2025-01-01 0 days 1,833 sqft
    Lafayette's median listing age (time on market) for 2025-01-01 was 0 days. This is -100% shorter than the same period one year ago.

    Lafayette's median square footage for active listings during the 2025-01-01 period was 1,833 sqft. One year prior, the average listing was 1,850 sqft.