Lafayette USDA Loan Rates, Closing Costs & Stats

LAFAYETTE, 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.

Lafayette's 46 lenders originated 370 USDA loans during 2024. The total origination value was $72,900,000, with an average USDA loan value of $197,027.

Lafayette USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Lafayette averaged -0.16% for the week of 2025-06-20, compared to the national average (all USDA variants) of 0% for the same period.

Lafayette's average USDA mortgage closing costs are $5,146.

The average rate for the prior week (2025-06-13) was 6.24% and one month ago for the week of 2025-05-16, the average rate was 6.4%.

The average rate one year ago was 6.82%.

For refis of the same type during the week of 2025-06-20, the average rate was 0.01%.

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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
DSLD MORTGAGE, LLC 49 5.76% $3,015
DHI MORTGAGE COMPANY, LTD. 44 4.61% $5,341
EUSTIS AND AMERICAN MORTGAGE COMPANY 30 6.62% $5,691
Equity Prime Mortgage LLC 27 6.38% $7,378
FIRST COMMUNITY MORTGAGE, INC. 24 6.29% $6,545
UNITED WHOLESALE MORTGAGE, LLC 24 6.09% $9,529
Paramount Residential Mortgage Group, Inc. 17 6.47% $6,781
GMFS LLC 16 6.31% $4,116
Assurance Financial Group, L.L.C. 13 6.55% $6,512
AMERICAN PACIFIC MORTGAGE CORPORATION 12 6.89% $7,407
MID AMERICA MORTGAGE, INC. 12 6.63% $4,764
CROSSCOUNTRY MORTGAGE, LLC 11 6.42% $6,946
NEWREZ LLC 9 6.21% $9,145
AMERICAN FINANCIAL RESOURCES, INC. 8 6.56% $6,170
FIDELITY BANK 5 6.41% $7,338
TOWNE MORTGAGE COMPANY 4 6.13% $7,200
ARK-LA-TEX FINANCIAL SERVICES, LLC. 4 6.28% $6,049
First Horizon Bank 4 6.17% $6,159
Summit Mortgage Corporation 3 6.54% $8,123
CANOPY MORTGAGE, LLC 3 6.46% $7,671
Flagstar Bank, FSB 3 6.54% $8,349
GENEVA FINANCIAL, LLC 3 7.17% $6,177
INSPIRE HOME LOANS INC. 3 5.25% $6,431
Regions Bank 2 6.00% $7,510
Century Mortgage Company DBA Century Lending Company 2 6.94% $5,881
The Loan Store, Inc. 2 6.19% $5,733
MORTGAGE FINANCIAL SERVICES, LLC 1 5.62% $8,498
Mortgage Research Center, LLC 1 7.25% $1,810
MORTGAGE SOLUTIONS OF COLORADO, LLC 1 6.25% $11,161
MOVEMENT MORTGAGE, LLC 1 6.25% $6,793
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.25% $2,892
EMM LOANS LLC 1 6.25% $11,027
PLANET HOME LENDING, LLC 1 6.75% $6,627
PLAZA HOME MORTGAGE, INC. 1 6.50% $9,502
Red River Bank 1 6.19% $7,010
Residential Acceptance Corporation 1 7.13% $13,531
ROYAL UNITED MORTGAGE LLC 1 7.25% $6,673
SFMC, LP 1 6.49% $6,271
SOUTHWEST FUNDING, LP 1 6.75% $7,942
AMERICAN FINANCIAL NETWORK, INC. 1 6.75% $6,640
T2 FINANCIAL LLC 1 5.62% $8,812
TJC Mortgage, Inc. 1 6.50% $7,149
BROKER SOLUTIONS, INC. 1 6.75% $6,884
Home Bank 1 7.25% $4,913
MICHIGAN MUTUAL, INC. 1 5.75% $9,161
Hancock Whitney Bank 1 6.13% $5,887

The top Lafayette USDA lender as defined by loan originations is DSLD MORTGAGE, LLC, with 49 USDA loans originated. Their average total fees are $3,015, which is $2,326 lower than the next largest lender, DHI MORTGAGE COMPANY, LTD..

The lowest fee Lafayette USDA lenders (with over 10 loans originated) are DSLD MORTGAGE, LLC ($3,015), GMFS LLC ($4,116), MID AMERICA MORTGAGE, INC. ($4,764), DHI MORTGAGE COMPANY, LTD. ($5,341) and EUSTIS AND AMERICAN MORTGAGE COMPANY ($5,691).

The lowest rate Lafayette USDA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (4.61%), DSLD MORTGAGE, LLC (5.76%), UNITED WHOLESALE MORTGAGE, LLC (6.09%), FIRST COMMUNITY MORTGAGE, INC. (6.29%) and GMFS LLC (6.31%).