Lake Charles USDA Loan Rates, Closing Costs & Stats

LAKE CHARLES, 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.

Lake Charles's 27 lenders originated 100 USDA loans during 2024. The total origination value was $18,670,000, with an average USDA loan value of $186,700.

Lake Charles USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Lake Charles averaged -0.04% for the week of 2025-07-04, compared to the national average (all USDA variants) of 0% for the same period.

Lake Charles's average USDA mortgage closing costs are $5,098.

The average rate for the prior week (2025-06-27) was 6.3% and one month ago for the week of 2025-05-30, the average rate was 6.48%.

The average rate one year ago was 6.48%.

For refis of the same type during the week of 2025-07-04, the average rate was -0.06%.

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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
Equity Prime Mortgage LLC 11 6.58% $7,487
HOMESIDE FINANCIAL, LLC 11 6.37% $7,372
GMFS LLC 9 6.15% $3,364
NEWREZ LLC 9 6.65% $7,786
FIDELITY BANK 8 6.61% $6,869
DHI MORTGAGE COMPANY, LTD. 7 4.55% $5,200
DSLD MORTGAGE, LLC 6 5.16% $3,147
UNITED WHOLESALE MORTGAGE, LLC 6 6.38% $6,883
UNION HOME MORTGAGE CORP. 4 6.15% $4,679
First Horizon Bank 3 6.04% $9,428
AFFORDABLE MORTGAGE ADVISORS, LLC. 2 6.81% $4,532
EUSTIS AND AMERICAN MORTGAGE COMPANY 2 6.50% $5,790
INSPIRE HOME LOANS INC. 2 4.38% $6,028
MORTGAGE FINANCIAL SERVICES, LLC 2 6.63% $4,894
Red River Bank 2 6.06% $4,848
Sabine State Bank and Trust Company 2 6.63% $10,581
T2 FINANCIAL LLC 2 6.12% $8,891
THE MORTGAGE FIRM, INC. 2 6.37% $4,992
MID AMERICA MORTGAGE, INC. 1 5.38% $7,902
AMERICAN FINANCIAL NETWORK, INC. 1 7.25% $6,277
AMERICAN PACIFIC MORTGAGE CORPORATION 1 6.50% $8,692
Flagstar Bank, FSB 1 6.75% $6,395
GUILD MORTGAGE COMPANY 1 6.50% $6,210
DAS Acquisition Company, LLC 1 6.50% $6,615
AMERICAN FINANCIAL RESOURCES, INC. 1 6.75% $6,013
Merchants Bank of Indiana 1 6.25% $5,207
MICHIGAN MUTUAL, INC. 1 6.25% $11,282

The top Lake Charles USDA lender as defined by loan originations is Equity Prime Mortgage LLC, with 11 USDA loans originated. Their average total fees are $7,487, which is $115 higher than the next largest lender, HOMESIDE FINANCIAL, LLC.

The lowest fee Lake Charles USDA lenders (with over 10 loans originated) are HOMESIDE FINANCIAL, LLC ($7,372), Equity Prime Mortgage LLC ($7,487), .

The lowest rate Lake Charles USDA lenders (with over 10 loans originated) are HOMESIDE FINANCIAL, LLC (6.37%), Equity Prime Mortgage LLC (6.58%), .