Natchitoches USDA Loan Rates, Closing Costs & Stats
Natchitoches, 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.
Natchitoches's 13 lenders originated 31 USDA loans during 2023. The total origination value was $5,365,000, with an average USDA loan value of $173,065.
Natchitoches USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Natchitoches
averaged
7.16%
for the week of 2024-04-19, compared to the national average (all USDA variants) of
6.863% for the same period.
Natchitoches's average USDA mortgage closing costs are $4,795.
The average rate for the prior week (2024-04-12) was
6.71% and
one month ago for the week of 2024-03-15, the
average rate was 6.69%.
The average rate one year ago was 6.53%.
For refis of the same type during the week of 2024-04-19, the average rate
was 7.06%.
Natchitoches 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 Natchitoches level.
| Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
|---|---|---|---|
| GMFS LLC | 6 | 6.64% | $3,546 |
| NEWREZ LLC | 4 | 7.16% | $5,591 |
| SOUTHPOINT FINANCIAL SERVICES, INC. | 4 | 6.81% | $1,951 |
| Sabine State Bank and Trust Company | 3 | 6.42% | $6,517 |
| CARDINAL FINANCIAL | 3 | 6.67% | $4,999 |
| UNITED WHOLESALE MORTGAGE, LLC | 3 | 6.00% | $8,280 |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | 2 | 6.25% | $4,931 |
| MID AMERICA MORTGAGE, INC. | 1 | 5.88% | $5,352 |
| Equity Prime Mortgage LLC | 1 | 6.75% | $7,451 |
| EUSTIS AND AMERICAN MORTGAGE COMPANY | 1 | 6.63% | $6,283 |
| Assurance Financial Group, L.L.C. | 1 | 6.63% | $7,764 |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | 1 | 6.88% | $9,689 |
| Renasant Bank | 1 | 6.50% | $7,396 |
The top Natchitoches USDA lender as defined by loan originations is GMFS LLC, with
6 USDA loans originated. Their average total fees are
$3,546, which is $2,044
lower than the next largest lender,
NEWREZ LLC.
The lowest fee Natchitoches USDA lenders (with over 10 loans originated) are
.
The lowest rate Natchitoches USDA lenders (with over 10 loans originated) are
.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Natchitoches (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 | $175,000 (-7.5%) | $236,027 (9.9%) | 0.00 | 107 |
| 2018-02-01 | $176,625 (-6.6%) | $236,203 (8.0%) | 0.00 | 110 |
| 2018-03-01 | $179,450 (-0.7%) | $226,098 (0.1%) | 0.00 | 110 |
| 2018-04-01 | $203,125 (16.1%) | $252,633 (15.0%) | 0.00 | 122 |
| 2018-05-01 | $204,375 (15.1%) | $254,022 (14.8%) | 0.00 | 132 |
| 2018-06-01 | $199,000 (18.5%) | $254,670 (22.6%) | 0.00 | 146 |
| 2018-07-01 | $200,950 (20.0%) | $255,025 (19.3%) | 0.00 | 146 |
| 2018-08-01 | $216,225 (23.6%) | $256,652 (14.6%) | 0.00 | 145 |
| 2018-09-01 | $217,450 (7.4%) | $251,839 (6.4%) | 0.00 | 147 |
| 2018-10-01 | $209,975 (0.8%) | $246,123 (4.2%) | 0.00 | 147 |
| 2018-11-01 | $216,675 (19.7%) | $250,301 (10.4%) | 0.00 | 139 |
| 2018-12-01 | $220,000 (22.9%) | $246,083 (3.8%) | 0.00 | 139 |
| 2019-01-01 | $218,725 (25.0%) | $246,447 (4.4%) | 0.00 | 138 |
| 2019-02-01 | $214,450 (21.4%) | $250,638 (6.1%) | 0.00 | 136 |
| 2019-03-01 | $213,821 (19.2%) | $247,314 (9.4%) | 0.00 | 147 |
| 2019-04-01 | $223,875 (10.2%) | $248,576 (-1.6%) | 0.00 | 150 |
| 2019-05-01 | $225,000 (10.1%) | $248,016 (-2.4%) | 0.00 | 153 |
| 2019-06-01 | $228,250 (14.7%) | $251,883 (-1.1%) | 0.00 | 151 |
| 2019-07-01 | $227,000 (13.0%) | $257,811 (1.1%) | 0.00 | 152 |
| 2019-08-01 | $229,636 (6.2%) | $260,360 (1.4%) | 0.00 | 146 |
| 2019-09-01 | $229,841 (5.7%) | $260,912 (3.6%) | 0.00 | 148 |
| 2019-10-01 | $229,927 (9.5%) | $260,919 (6.0%) | 0.00 | 147 |
| 2019-11-01 | $225,000 (3.8%) | $252,030 (0.7%) | 0.00 | 137 |
| 2019-12-01 | $217,225 (-1.3%) | $249,741 (1.5%) | 0.00 | 135 |
| 2020-01-01 | $221,250 (1.2%) | $247,016 (0.2%) | 0.00 | 126 |
| 2020-02-01 | $225,000 (4.9%) | $234,925 (-6.3%) | 0.00 | 128 |
| 2020-03-01 | $225,000 (5.2%) | $242,073 (-2.1%) | 0.00 | 112 |
| 2020-04-01 | $225,000 (0.5%) | $243,137 (-2.2%) | 0.00 | 107 |
| 2020-05-01 | $224,900 (0.0%) | $242,367 (-2.3%) | 0.00 | 107 |
| 2020-06-01 | $222,125 (-2.7%) | $251,252 (-0.3%) | 0.00 | 104 |
| 2020-07-01 | $202,550 (-10.8%) | $239,285 (-7.2%) | 0.00 | 98 |
| 2020-08-01 | $205,775 (-10.4%) | $250,416 (-3.8%) | 0.00 | 87 |
| 2020-09-01 | $224,750 (-2.2%) | $259,403 (-0.6%) | 0.00 | 89 |
| 2020-10-01 | $224,750 (-2.3%) | $267,514 (2.5%) | 0.00 | 79 |
| 2020-11-01 | $239,125 (6.3%) | $288,346 (14.4%) | 0.00 | 70 |
| 2020-12-01 | $232,000 (6.8%) | $278,447 (11.5%) | 0.00 | 66 |
| 2021-01-01 | $249,250 (12.7%) | $286,728 (16.1%) | 0.00 | 65 |
| 2021-02-01 | $264,450 (17.5%) | $294,786 (25.5%) | 0.00 | 65 |
| 2021-03-01 | $264,225 (17.4%) | $289,996 (19.8%) | 0.00 | 73 |
| 2021-04-01 | $249,125 (10.7%) | $276,768 (13.8%) | 0.00 | 58 |
| 2021-05-01 | $207,325 (-7.8%) | $249,213 (2.8%) | 0.00 | 51 |
| 2021-06-01 | $209,950 (-5.5%) | $243,971 (-2.9%) | 0.00 | 41 |
| 2021-07-01 | $204,750 (1.1%) | $269,127 (12.5%) | 0.00 | 44 |
| 2021-08-01 | $216,100 (5.0%) | $318,460 (27.2%) | 0.00 | 50 |
| 2021-09-01 | $215,000 (-4.3%) | $304,864 (17.5%) | 0.00 | 51 |
| 2021-10-01 | $215,000 (-4.3%) | $298,427 (11.6%) | 0.00 | 52 |
| 2021-11-01 | $212,499 (-11.1%) | $286,864 (-0.5%) | 0.00 | 57 |
| 2021-12-01 | $217,000 (-6.5%) | $265,670 (-4.6%) | 0.00 | 58 |
| 2022-01-01 | $186,450 (-25.2%) | $235,168 (-18.0%) | 0.00 | 50 |
| 2022-02-01 | $188,675 (-28.7%) | $258,892 (-12.2%) | 0.00 | 40 |
| 2022-03-01 | $219,250 (-17.0%) | $286,033 (-1.4%) | 0.00 | 42 |
| 2022-04-01 | $249,000 (-0.1%) | $293,956 (6.2%) | 0.00 | 43 |
| 2022-05-01 | $254,500 (22.8%) | $299,414 (20.1%) | 0.00 | 36 |
| 2022-06-01 | $273,725 (30.4%) | $303,884 (24.6%) | 0.00 | 43 |
| 2022-07-01 | $265,000 (29.4%) | $272,282 (1.2%) | 0.00 | 43 |
| 2022-08-01 | $231,375 (7.1%) | $250,102 (-21.5%) | 0.00 | 42 |
| 2022-09-01 | $226,225 (5.2%) | $243,952 (-20.0%) | 0.00 | 44 |
| 2022-10-01 | $217,500 (1.2%) | $239,099 (-19.9%) | 0.00 | 43 |
| 2022-11-01 | $189,999 (-10.6%) | $249,872 (-12.9%) | 0.00 | 45 |
| 2022-12-01 | $210,000 (-3.2%) | $252,873 (-4.8%) | 0.00 | 49 |
| 2023-01-01 | $235,375 (26.2%) | $262,321 (11.6%) | 0.00 | 53 |
| 2023-02-01 | $245,875 (30.3%) | $268,895 (3.9%) | 0.00 | 50 |
| 2023-03-01 | $299,400 (36.6%) | $288,623 (0.9%) | 0.00 | 50 |
| 2023-04-01 | $310,000 (24.5%) | $298,634 (1.6%) | 0.00 | 54 |
| 2023-05-01 | $304,450 (19.6%) | $308,067 (2.9%) | 0.00 | 59 |
| 2023-06-01 | $301,900 (10.3%) | $304,822 (0.3%) | 0.00 | 60 |
| 2023-07-01 | $291,375 (10.0%) | $293,029 (7.6%) | 0.00 | 71 |
| 2023-08-01 | $293,250 (26.7%) | $305,070 (22.0%) | 0.00 | 82 |
| 2023-09-01 | $289,900 (28.2%) | $312,759 (28.2%) | 0.00 | 93 |
| 2023-10-01 | $326,950 (50.3%) | $332,317 (39.0%) | 0.00 | 87 |
| 2023-11-01 | $322,450 (69.7%) | $324,470 (29.9%) | 0.00 | 94 |
| 2023-12-01 | $315,000 (50.0%) | $321,922 (27.3%) | 0.00 | 94 |
| 2024-01-01 | $291,375 (23.8%) | $324,930 (23.9%) | 0.00 | 95 |
| 2024-02-01 | $297,450 (21.0%) | $324,396 (20.6%) | 0.00 | 86 |
| 2024-03-01 | $290,000 (-3.1%) | $317,297 (9.9%) | 0.00 | 88 |
Natchitoches's median listing price comes in at 0% of the national average.
Natchitoches's average listing price for 2024-03-01 was $317,297, a difference of $28,674 (9.9%) versus the prior year and $-7,099 versus the prior month.
For the 2024-03-01 period, Natchitoches had 88 MLS listings, a difference of 2 listings (2%) versus the prior month and 38 listings (76%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Natchitoches (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 0 days | 1,993 sqft |
| 2018-02-01 | 0 days | 1,944 sqft |
| 2018-03-01 | 0 days | 1,944 sqft |
| 2018-04-01 | 0 days | 2,040 sqft |
| 2018-05-01 | 0 days | 2,008 sqft |
| 2018-06-01 | 0 days | 1,990 sqft |
| 2018-07-01 | 0 days | 1,999 sqft |
| 2018-08-01 | 0 days | 2,043 sqft |
| 2018-09-01 | 0 days | 2,074 sqft |
| 2018-10-01 | 0 days | 2,012 sqft |
| 2018-11-01 | 0 days | 2,026 sqft |
| 2018-12-01 | 0 days | 1,999 sqft |
| 2019-01-01 | 0 days | 2,001 sqft |
| 2019-02-01 | 0 days | 1,998 sqft |
| 2019-03-01 | 0 days | 2,002 sqft |
| 2019-04-01 | 0 days | 2,006 sqft |
| 2019-05-01 | 0 days | 2,005 sqft |
| 2019-06-01 | 0 days | 2,010 sqft |
| 2019-07-01 | 0 days | 2,008 sqft |
| 2019-08-01 | 0 days | 2,065 sqft |
| 2019-09-01 | 0 days | 2,070 sqft |
| 2019-10-01 | 0 days | 2,078 sqft |
| 2019-11-01 | 0 days | 2,018 sqft |
| 2019-12-01 | 0 days | 2,014 sqft |
| 2020-01-01 | 0 days | 2,019 sqft |
| 2020-02-01 | 0 days | 2,017 sqft |
| 2020-03-01 | 0 days | 2,026 sqft |
| 2020-04-01 | 0 days | 2,046 sqft |
| 2020-05-01 | 0 days | 2,010 sqft |
| 2020-06-01 | 0 days | 2,059 sqft |
| 2020-07-01 | 0 days | 1,900 sqft |
| 2020-08-01 | 0 days | 1,900 sqft |
| 2020-09-01 | 0 days | 1,998 sqft |
| 2020-10-01 | 0 days | 1,984 sqft |
| 2020-11-01 | 0 days | 2,068 sqft |
| 2020-12-01 | 0 days | 2,069 sqft |
| 2021-01-01 | 0 days | 2,117 sqft |
| 2021-02-01 | 0 days | 2,240 sqft |
| 2021-03-01 | 0 days | 2,223 sqft |
| 2021-04-01 | 0 days | 2,148 sqft |
| 2021-05-01 | 0 days | 2,083 sqft |
| 2021-06-01 | 0 days | 2,065 sqft |
| 2021-07-01 | 0 days | 1,985 sqft |
| 2021-08-01 | 0 days | 2,033 sqft |
| 2021-09-01 | 0 days | 1,945 sqft |
| 2021-10-01 | 0 days | 1,945 sqft |
| 2021-11-01 | 0 days | 1,904 sqft |
| 2021-12-01 | 0 days | 1,913 sqft |
| 2022-01-01 | 0 days | 1,834 sqft |
| 2022-02-01 | 0 days | 1,864 sqft |
| 2022-03-01 | 0 days | 1,936 sqft |
| 2022-04-01 | 0 days | 2,019 sqft |
| 2022-05-01 | 0 days | 2,156 sqft |
| 2022-06-01 | 0 days | 2,141 sqft |
| 2022-07-01 | 0 days | 2,096 sqft |
| 2022-08-01 | 0 days | 1,955 sqft |
| 2022-09-01 | 0 days | 1,865 sqft |
| 2022-10-01 | 0 days | 1,911 sqft |
| 2022-11-01 | 0 days | 1,842 sqft |
| 2022-12-01 | 0 days | 1,900 sqft |
| 2023-01-01 | 0 days | 2,024 sqft |
| 2023-02-01 | 0 days | 2,095 sqft |
| 2023-03-01 | 0 days | 2,100 sqft |
| 2023-04-01 | 0 days | 2,019 sqft |
| 2023-05-01 | 0 days | 2,000 sqft |
| 2023-06-01 | 0 days | 2,100 sqft |
| 2023-07-01 | 0 days | 2,044 sqft |
| 2023-08-01 | 0 days | 2,022 sqft |
| 2023-09-01 | 0 days | 2,051 sqft |
| 2023-10-01 | 0 days | 2,162 sqft |
| 2023-11-01 | 0 days | 2,068 sqft |
| 2023-12-01 | 0 days | 2,046 sqft |
| 2024-01-01 | 0 days | 2,038 sqft |
| 2024-02-01 | 0 days | 2,054 sqft |
| 2024-03-01 | 0 days | 2,008 sqft |
Natchitoches's median square footage for active listings during the 2024-03-01 period was 2,008 sqft. One year prior, the average listing was 2,100 sqft.