Lake Charles USDA Loan Rates, Closing Costs & Stats

LAKE CHARLES, 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.

    Lake Charles's 25 lenders originated 102 USDA loans during 2023. The total origination value was $17,530,000, with an average USDA loan value of $171,863.

    Lake Charles USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Lake Charles averaged 6.64% for the week of 2025-02-14, compared to the national average (all USDA variants) of 6.526% for the same period.

    Lake Charles's average USDA mortgage closing costs are $4,953.

    The average rate for the prior week (2025-02-07) was 6.4% and one month ago for the week of 2025-01-10, the average rate was 6.55%.

    The average rate one year ago was 6.64%.

    For refis of the same type during the week of 2025-02-14, the average rate was 6.4%.

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

    Lake Charles 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 Lake Charles level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    FIDELITY BANK 12 6.66% $6,754
    GMFS LLC 10 6.74% $3,461
    UNITED WHOLESALE MORTGAGE, LLC 7 6.64% $7,354
    DSLD MORTGAGE, LLC 7 5.77% $2,913
    NTFN, INC. 7 6.48% $5,959
    Chickasaw Community Bank 5 7.13% $5,771
    First Horizon Bank 4 5.38% $9,939
    DHI MORTGAGE COMPANY, LTD. 4 4.75% $7,463
    Nations Lending Corporation 4 6.88% $3,588
    NEWREZ LLC 4 6.38% $6,883
    UNION HOME MORTGAGE CORP. 4 6.34% $5,936
    T2 FINANCIAL LLC 3 6.92% $6,987
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 3 6.38% $6,275
    MORTGAGE FINANCIAL SERVICES, LLC 3 6.21% $6,274
    Equity Prime Mortgage LLC 2 7.19% $5,153
    MID AMERICA MORTGAGE, INC. 2 6.63% $4,625
    Plains Commerce Bank 1 7.13% $5,005
    Red River Bank 1 6.13% $5,278
    EUSTIS AND AMERICAN MORTGAGE COMPANY 1 6.49% $9,392
    CRESCENT MORTGAGE COMPANY 1 5.63% $5,043
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 7.75% $6,199
    Citizens Bank 1 6.75% $5,391
    Bank of England 1 6.25% $7,389
    CARDINAL FINANCIAL 1 7.13% $6,200
    OPEN MORTGAGE, LLC 1 7.13% $4,526

    The top Lake Charles USDA lender as defined by loan originations is FIDELITY BANK, with 12 USDA loans originated. Their average total fees are $6,754, which is $3,293 higher than the next largest lender, GMFS LLC.

    The lowest fee Lake Charles USDA lenders (with over 10 loans originated) are GMFS LLC ($3,461), FIDELITY BANK ($6,754), .

    The lowest rate Lake Charles USDA lenders (with over 10 loans originated) are FIDELITY BANK (6.66%), GMFS LLC (6.74%), .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Lake Charles (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 $224,900 (-2.2%) $284,992 (-10.5%) 0.86 932
    2018-02-01 $224,250 (-2.3%) $281,913 (-10.3%) 0.83 917
    2018-03-01 $226,200 (-4.8%) $284,167 (-10.9%) 0.82 913
    2018-04-01 $228,250 (-4.9%) $285,599 (-11.6%) 0.80 904
    2018-05-01 $234,250 (-4.4%) $299,216 (-9.5%) 0.82 892
    2018-06-01 $230,000 (-4.5%) $294,629 (-10.4%) 0.80 969
    2018-07-01 $225,450 (-6.0%) $289,788 (-9.1%) 0.78 1,007
    2018-08-01 $231,292 (-2.2%) $316,473 (4.1%) 0.80 1,032
    2018-09-01 $228,000 (-2.9%) $309,421 (4.4%) 0.79 1,056
    2018-10-01 $229,700 (-0.1%) $300,606 (2.0%) 0.80 1,084
    2018-11-01 $226,250 (0.3%) $303,167 (3.3%) 0.79 1,101
    2018-12-01 $226,200 (0.5%) $308,462 (5.5%) 0.81 1,094
    2019-01-01 $225,889 (0.4%) $304,557 (6.9%) 0.81 1,073
    2019-02-01 $229,000 (2.1%) $305,724 (8.5%) 0.80 1,078
    2019-03-01 $229,429 (1.4%) $309,403 (8.9%) 0.78 1,057
    2019-04-01 $232,450 (1.8%) $314,140 (10.0%) 0.76 1,035
    2019-05-01 $237,350 (1.3%) $324,349 (8.4%) 0.76 998
    2019-06-01 $237,000 (3.0%) $320,658 (8.8%) 0.75 976
    2019-07-01 $231,250 (2.6%) $315,308 (8.8%) 0.75 1,040
    2019-08-01 $228,609 (-1.2%) $310,639 (-1.8%) 0.75 1,068
    2019-09-01 $226,523 (-0.7%) $308,776 (-0.2%) 0.74 1,073
    2019-10-01 $225,182 (-2.0%) $310,409 (3.3%) 0.74 1,061
    2019-11-01 $225,000 (-0.6%) $308,675 (1.8%) 0.75 1,045
    2019-12-01 $215,000 (-5.0%) $252,454 (-18.2%) 0.73 933
    2020-01-01 $215,000 (-4.8%) $253,974 (-16.6%) 0.73 916
    2020-02-01 $218,200 (-4.7%) $257,225 (-15.9%) 0.73 926
    2020-03-01 $216,443 (-5.7%) $262,914 (-15.0%) 0.69 940
    2020-04-01 $215,313 (-7.4%) $261,860 (-16.6%) 0.69 960
    2020-05-01 $219,000 (-7.7%) $264,939 (-18.3%) 0.67 943
    2020-06-01 $219,950 (-7.2%) $271,135 (-15.4%) 0.66 929
    2020-07-01 $219,900 (-4.9%) $273,837 (-13.2%) 0.65 916
    2020-08-01 $219,225 (-4.1%) $276,891 (-10.9%) 0.63 915
    2020-09-01 $219,000 (-3.3%) $275,448 (-10.8%) 0.63 746
    2020-10-01 $223,500 (-0.8%) $281,582 (-9.3%) 0.65 619
    2020-11-01 $225,125 (0.1%) $272,815 (-11.6%) 0.67 567
    2020-12-01 $226,000 (5.1%) $270,723 (7.2%) 0.68 538
    2021-01-01 $230,000 (7.0%) $272,581 (7.3%) 0.70 492
    2021-02-01 $242,083 (11.0%) $286,672 (11.5%) 0.71 443
    2021-03-01 $233,600 (7.9%) $284,131 (8.1%) 0.68 396
    2021-04-01 $231,450 (7.5%) $282,027 (7.7%) 0.64 382
    2021-05-01 $229,500 (4.8%) $287,957 (8.7%) 0.62 337
    2021-06-01 $225,000 (2.3%) $286,061 (5.5%) 0.61 329
    2021-07-01 $228,950 (4.1%) $282,854 (3.3%) 0.62 370
    2021-08-01 $226,541 (3.3%) $284,033 (2.6%) 0.62 410
    2021-09-01 $227,250 (3.8%) $278,933 (1.3%) 0.62 458
    2021-10-01 $219,000 (-2.0%) $272,234 (-3.3%) 0.60 500
    2021-11-01 $219,675 (-2.4%) $266,883 (-2.2%) 0.59 542
    2021-12-01 $215,950 (-4.5%) $257,900 (-4.7%) 0.59 569
    2022-01-01 $220,325 (-4.2%) $261,246 (-4.2%) 0.61 533
    2022-02-01 $215,875 (-10.8%) $261,910 (-8.6%) 0.57 524
    2022-03-01 $216,249 (-7.4%) $263,047 (-7.4%) 0.55 509
    2022-04-01 $218,448 (-5.6%) $273,566 (-3.0%) 0.52 504
    2022-05-01 $218,425 (-4.8%) $279,531 (-2.9%) 0.50 545
    2022-06-01 $234,900 (4.4%) $287,476 (0.5%) 0.53 619
    2022-07-01 $235,000 (2.6%) $281,075 (-0.6%) 0.54 703
    2022-08-01 $228,125 (0.7%) $274,156 (-3.5%) 0.54 763
    2022-09-01 $225,000 (-1.0%) $268,095 (-3.9%) 0.54 809
    2022-10-01 $232,500 (6.2%) $270,255 (-0.7%) 0.56 882
    2022-11-01 $232,200 (5.7%) $268,733 (0.7%) 0.57 929
    2022-12-01 $229,700 (6.4%) $267,004 (3.5%) 0.58 941
    2023-01-01 $229,950 (4.4%) $269,416 (3.1%) 0.59 901
    2023-02-01 $225,250 (4.3%) $265,161 (1.2%) 0.55 876
    2023-03-01 $233,250 (7.9%) $276,625 (5.2%) 0.56 879
    2023-04-01 $230,000 (5.3%) $279,273 (2.1%) 0.55 871
    2023-05-01 $237,750 (8.9%) $289,057 (3.4%) 0.55 964
    2023-06-01 $241,950 (3.0%) $292,605 (1.8%) 0.56 949
    2023-07-01 $244,800 (4.2%) $289,865 (3.1%) 0.57 984
    2023-08-01 $239,850 (5.1%) $289,260 (5.5%) 0.55 999
    2023-09-01 $237,000 (5.3%) $284,917 (6.3%) 0.56 1,007
    2023-10-01 $235,250 (1.2%) $287,017 (6.2%) 0.56 997
    2023-11-01 $235,250 (1.3%) $286,114 (6.5%) 0.57 982
    2023-12-01 $239,000 (4.1%) $285,898 (7.1%) 0.59 962
    2024-01-01 $238,625 (3.8%) $286,459 (6.3%) 0.59 910
    2024-02-01 $239,925 (6.5%) $288,804 (8.9%) 0.59 952
    2024-03-01 $243,500 (4.4%) $295,038 (6.7%) 0.58 981
    2024-04-01 $242,500 (5.4%) $302,020 (8.2%) 0.57 996
    2024-05-01 $247,000 (3.9%) $307,994 (6.6%) 0.56 987
    2024-06-01 $242,750 (0.3%) $304,685 (4.1%) 0.55 996
    2024-07-01 $238,375 (-2.6%) $300,768 (3.8%) 0.55 1,071
    2024-08-01 $235,750 (-1.7%) $299,651 (3.6%) 0.56 1,077
    2024-09-01 $239,500 (1.1%) $302,161 (6.1%) 0.57 1,067
    2024-10-01 $236,000 (0.3%) $297,486 (3.7%) 0.56 1,074
    2024-11-01 $237,000 (0.7%) $296,559 (3.7%) 0.57 1,077
    2024-12-01 $235,250 (-1.6%) $290,157 (1.5%) 0.59 1,082
    2025-01-01 $235,000 (-1.5%) $289,527 (1.1%) 0.00 1,043
    Lake Charles's median listing price for 2025-01-01 was $235,000, a difference of $-3,625 (-1.5%) versus the prior year and $-250 versus the prior month.

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

    Lake Charles's average listing price for 2025-01-01 was $289,527, a difference of $3,068 (1.1%) versus the prior year and $-630 versus the prior month.

    For the 2025-01-01 period, Lake Charles had 1,043 MLS listings, a difference of -39 listings (-4%) versus the prior month and 133 listings (15%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Lake Charles (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 84 days 1,943 sqft
    2018-02-01 88 days 1,919 sqft
    2018-03-01 80 days 1,925 sqft
    2018-04-01 71 days 1,933 sqft
    2018-05-01 69 days 1,972 sqft
    2018-06-01 69 days 1,977 sqft
    2018-07-01 74 days 1,972 sqft
    2018-08-01 79 days 2,004 sqft
    2018-09-01 81 days 1,971 sqft
    2018-10-01 79 days 1,982 sqft
    2018-11-01 83 days 1,983 sqft
    2018-12-01 87 days 1,979 sqft
    2019-01-01 90 days 1,982 sqft
    2019-02-01 94 days 1,982 sqft
    2019-03-01 82 days 1,990 sqft
    2019-04-01 75 days 2,005 sqft
    2019-05-01 76 days 2,019 sqft
    2019-06-01 76 days 2,020 sqft
    2019-07-01 79 days 2,008 sqft
    2019-08-01 79 days 1,994 sqft
    2019-09-01 81 days 1,982 sqft
    2019-10-01 82 days 1,988 sqft
    2019-11-01 88 days 1,985 sqft
    2019-12-01 89 days 1,888 sqft
    2020-01-01 91 days 1,868 sqft
    2020-02-01 92 days 1,874 sqft
    2020-03-01 71 days 1,876 sqft
    2020-04-01 78 days 1,875 sqft
    2020-05-01 80 days 1,885 sqft
    2020-06-01 81 days 1,899 sqft
    2020-07-01 77 days 1,893 sqft
    2020-08-01 75 days 1,899 sqft
    2020-09-01 86 days 1,899 sqft
    2020-10-01 98 days 1,900 sqft
    2020-11-01 100 days 1,900 sqft
    2020-12-01 67 days 1,899 sqft
    2021-01-01 70 days 1,899 sqft
    2021-02-01 60 days 1,895 sqft
    2021-03-01 58 days 1,880 sqft
    2021-04-01 55 days 1,877 sqft
    2021-05-01 53 days 1,887 sqft
    2021-06-01 52 days 1,897 sqft
    2021-07-01 47 days 1,880 sqft
    2021-08-01 51 days 1,895 sqft
    2021-09-01 53 days 1,885 sqft
    2021-10-01 58 days 1,857 sqft
    2021-11-01 65 days 1,850 sqft
    2021-12-01 69 days 1,834 sqft
    2022-01-01 72 days 1,829 sqft
    2022-02-01 62 days 1,825 sqft
    2022-03-01 57 days 1,836 sqft
    2022-04-01 54 days 1,814 sqft
    2022-05-01 52 days 1,837 sqft
    2022-06-01 53 days 1,865 sqft
    2022-07-01 54 days 1,897 sqft
    2022-08-01 60 days 1,882 sqft
    2022-09-01 64 days 1,876 sqft
    2022-10-01 70 days 1,870 sqft
    2022-11-01 77 days 1,874 sqft
    2022-12-01 89 days 1,865 sqft
    2023-01-01 97 days 1,875 sqft
    2023-02-01 97 days 1,851 sqft
    2023-03-01 92 days 1,876 sqft
    2023-04-01 78 days 1,875 sqft
    2023-05-01 72 days 1,878 sqft
    2023-06-01 78 days 1,890 sqft
    2023-07-01 80 days 1,889 sqft
    2023-08-01 78 days 1,881 sqft
    2023-09-01 78 days 1,878 sqft
    2023-10-01 85 days 1,883 sqft
    2023-11-01 90 days 1,866 sqft
    2023-12-01 94 days 1,870 sqft
    2024-01-01 102 days 1,871 sqft
    2024-02-01 94 days 1,880 sqft
    2024-03-01 80 days 1,886 sqft
    2024-04-01 74 days 1,884 sqft
    2024-05-01 77 days 1,888 sqft
    2024-06-01 83 days 1,878 sqft
    2024-07-01 86 days 1,867 sqft
    2024-08-01 82 days 1,858 sqft
    2024-09-01 80 days 1,867 sqft
    2024-10-01 87 days 1,849 sqft
    2024-11-01 91 days 1,841 sqft
    2024-12-01 96 days 1,824 sqft
    2025-01-01 0 days 1,819 sqft
    Lake Charles'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.

    Lake Charles's median square footage for active listings during the 2025-01-01 period was 1,819 sqft. One year prior, the average listing was 1,871 sqft.