Opelousas USDA Loan Rates, Closing Costs & Stats

Opelousas, 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.

Opelousas's 23 lenders originated 52 USDA loans during 2023. The total origination value was $8,460,000, with an average USDA loan value of $162,692.

Opelousas USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Opelousas averaged 6.6% for the week of 2024-03-22, compared to the national average (all USDA variants) of 6.674% for the same period.

Opelousas's average USDA mortgage closing costs are $5,080.

The average rate for the prior week (2024-03-15) was 6.72% and one month ago for the week of 2024-02-16, the average rate was 6.71%.

The average rate one year ago was 6.5%.

For refis of the same type during the week of 2024-03-22, the average rate was 6.67%.

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

Opelousas 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 Opelousas level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
EUSTIS AND AMERICAN MORTGAGE COMPANY 9 6.86% $5,812
UNITED WHOLESALE MORTGAGE, LLC 7 6.04% $9,377
NEWREZ LLC 5 7.15% $5,582
AMERICAN PACIFIC MORTGAGE CORPORATION 4 7.31% $7,534
GMFS LLC 4 6.59% $2,843
UNION HOME MORTGAGE CORP. 2 5.81% $6,575
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 5.75% $7,878
AMERICAN FINANCIAL RESOURCES, INC. 2 7.13% $8,657
MUTUAL OF OMAHA MORTGAGE, INC. 1 5.25% $10,946
Paramount Residential Mortgage Group, Inc. 1 7.00% $12,378
PLANET HOME LENDING, LLC 1 6.50% $7,761
Renasant Bank 1 7.50% $3,583
RESIDENTIAL BANCORP 1 7.13% $6,211
Summit Mortgage Corporation 1 7.13% $6,059
SUN WEST MORTGAGE COMPANY, INC. 1 5.41% $7,042
Victorian Finance, LLC 1 7.75% $7,977
Assurance Financial Group, L.L.C. 1 6.13% $5,746
Citizens Bank 1 6.25% $4,782
DHI MORTGAGE COMPANY, LTD. 1 5.75% $5,340
Equity Prime Mortgage LLC 1 6.00% $7,131
HOMESIDE FINANCIAL, LLC 1 6.38% $7,233
MID AMERICA MORTGAGE, INC. 1 6.75% $3,584
MORTGAGE FINANCIAL SERVICES, LLC 1 6.63% $5,715

The top Opelousas USDA lender as defined by loan originations is EUSTIS AND AMERICAN MORTGAGE COMPANY, with 9 USDA loans originated. Their average total fees are $5,812, which is $3,565 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

The lowest fee Opelousas USDA lenders (with over 10 loans originated) are .

The lowest rate Opelousas USDA lenders (with over 10 loans originated) are .


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Opelousas (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 $135,000 (-1.8%) $187,158 (3.3%) 0.00 274
2018-02-01 $133,750 (-4.4%) $187,467 (0.2%) 0.00 281
2018-03-01 $130,000 (-11.6%) $191,078 (1.4%) 0.00 293
2018-04-01 $135,000 (-9.9%) $193,173 (1.5%) 0.00 287
2018-05-01 $139,125 (-8.9%) $204,388 (0.9%) 0.00 281
2018-06-01 $140,000 (-9.7%) $202,844 (-3.2%) 0.00 296
2018-07-01 $139,800 (-6.7%) $201,263 (-7.5%) 0.00 307
2018-08-01 $139,975 (-6.3%) $202,748 (-1.9%) 0.00 320
2018-09-01 $140,775 (-2.9%) $201,818 (2.8%) 0.00 314
2018-10-01 $140,000 (3.2%) $200,624 (2.1%) 0.00 326
2018-11-01 $143,000 (2.2%) $197,854 (1.2%) 0.00 323
2018-12-01 $146,500 (8.5%) $200,870 (7.2%) 0.00 309
2019-01-01 $146,750 (8.7%) $206,508 (10.3%) 0.00 292
2019-02-01 $147,500 (10.3%) $198,082 (5.7%) 0.00 300
2019-03-01 $147,857 (13.7%) $196,185 (2.7%) 0.00 295
2019-04-01 $145,000 (7.4%) $191,738 (-0.7%) 0.00 300
2019-05-01 $145,450 (4.6%) $196,072 (-4.1%) 0.00 298
2019-06-01 $146,450 (4.6%) $199,773 (-1.5%) 0.00 297
2019-07-01 $154,975 (10.9%) $203,477 (1.1%) 0.00 284
2019-08-01 $154,000 (10.0%) $203,184 (0.2%) 0.00 271
2019-09-01 $151,750 (7.8%) $201,161 (-0.3%) 0.00 263
2019-10-01 $149,950 (7.1%) $198,187 (-1.2%) 0.00 258
2019-11-01 $149,500 (4.6%) $189,057 (-4.5%) 0.00 262
2019-12-01 $144,000 (-1.7%) $184,801 (-8.0%) 0.00 267
2020-01-01 $143,000 (-2.6%) $182,363 (-11.7%) 0.00 258
2020-02-01 $142,000 (-3.7%) $187,866 (-5.2%) 0.00 259
2020-03-01 $148,000 (0.1%) $196,994 (0.4%) 0.00 259
2020-04-01 $149,000 (2.8%) $202,133 (5.4%) 0.00 257
2020-05-01 $149,750 (3.0%) $206,822 (5.5%) 0.00 238
2020-06-01 $156,500 (6.9%) $207,786 (4.0%) 0.00 227
2020-07-01 $155,975 (0.7%) $206,966 (1.7%) 0.00 207
2020-08-01 $158,000 (2.6%) $199,391 (-1.9%) 0.00 189
2020-09-01 $160,925 (6.1%) $216,169 (7.5%) 0.00 180
2020-10-01 $159,900 (6.6%) $216,768 (9.4%) 0.00 164
2020-11-01 $163,475 (9.4%) $227,945 (20.6%) 0.00 159
2020-12-01 $165,000 (14.6%) $244,476 (32.3%) 0.00 140
2021-01-01 $177,000 (23.8%) $253,073 (38.8%) 0.00 135
2021-02-01 $166,725 (17.4%) $257,495 (37.1%) 0.00 122
2021-03-01 $174,450 (17.9%) $268,734 (36.4%) 0.00 104
2021-04-01 $169,000 (13.4%) $258,361 (27.8%) 0.00 100
2021-05-01 $185,000 (23.5%) $277,961 (34.4%) 0.00 94
2021-06-01 $179,950 (15.0%) $273,612 (31.7%) 0.00 91
2021-07-01 $169,500 (8.7%) $265,843 (28.5%) 0.00 92
2021-08-01 $183,750 (16.3%) $271,747 (36.3%) 0.00 90
2021-09-01 $182,500 (13.4%) $272,248 (25.9%) 0.00 92
2021-10-01 $185,000 (15.7%) $282,849 (30.5%) 0.00 93
2021-11-01 $190,550 (16.6%) $306,667 (34.5%) 0.00 99
2021-12-01 $185,925 (12.7%) $289,806 (18.5%) 0.00 93
2022-01-01 $185,000 (4.5%) $284,138 (12.3%) 0.00 99
2022-02-01 $185,000 (11.0%) $282,109 (9.6%) 0.00 97
2022-03-01 $187,250 (7.3%) $262,243 (-2.4%) 0.00 107
2022-04-01 $188,700 (11.7%) $250,471 (-3.1%) 0.00 113
2022-05-01 $179,900 (-2.8%) $234,377 (-15.7%) 0.00 120
2022-06-01 $191,250 (6.3%) $245,110 (-10.4%) 0.00 117
2022-07-01 $205,000 (20.9%) $258,417 (-2.8%) 0.00 126
2022-08-01 $219,500 (19.5%) $261,191 (-3.9%) 0.00 137
2022-09-01 $213,875 (17.2%) $289,952 (6.5%) 0.00 147
2022-10-01 $201,750 (9.1%) $320,029 (13.1%) 0.00 162
2022-11-01 $214,375 (12.5%) $336,622 (9.8%) 0.00 163
2022-12-01 $225,000 (21.0%) $348,472 (20.2%) 0.00 150
2023-01-01 $228,500 (23.5%) $343,310 (20.8%) 0.00 152
2023-02-01 $225,000 (21.6%) $335,943 (19.1%) 0.00 162
2023-03-01 $224,000 (19.6%) $331,519 (26.4%) 0.00 160
2023-04-01 $224,500 (19.0%) $336,860 (34.5%) 0.00 147
2023-05-01 $198,750 (10.5%) $325,673 (39.0%) 0.00 151
2023-06-01 $199,000 (4.1%) $321,102 (31.0%) 0.00 159
2023-07-01 $214,500 (4.6%) $326,398 (26.3%) 0.00 165
2023-08-01 $214,625 (-2.2%) $338,327 (29.5%) 0.00 175
2023-09-01 $210,000 (-1.8%) $322,421 (11.2%) 0.00 178
2023-10-01 $205,750 (2.0%) $293,296 (-8.4%) 0.00 197
2023-11-01 $209,000 (-2.5%) $283,350 (-15.8%) 0.00 210
2023-12-01 $200,000 (-11.1%) $277,779 (-20.3%) 0.00 207
2024-01-01 $197,625 (-13.5%) $276,058 (-19.6%) 0.00 211
2024-02-01 $198,250 (-11.9%) $277,406 (-17.4%) 0.00 216
Opelousas's median listing price for 2024-02-01 was $198,250, a difference of $-26,750 (-11.9%) versus the prior year and $625 versus the prior month.

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

Opelousas's average listing price for 2024-02-01 was $277,406, a difference of $-58,537 (-17.4%) versus the prior year and $1,348 versus the prior month.

For the 2024-02-01 period, Opelousas had 216 MLS listings, a difference of 5 listings (2%) versus the prior month and 54 listings (33%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Opelousas (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,700 sqft
2018-02-01 0 days 1,708 sqft
2018-03-01 0 days 1,707 sqft
2018-04-01 0 days 1,704 sqft
2018-05-01 0 days 1,748 sqft
2018-06-01 0 days 1,800 sqft
2018-07-01 0 days 1,777 sqft
2018-08-01 0 days 1,794 sqft
2018-09-01 0 days 1,736 sqft
2018-10-01 0 days 1,743 sqft
2018-11-01 0 days 1,780 sqft
2018-12-01 0 days 1,800 sqft
2019-01-01 0 days 1,813 sqft
2019-02-01 0 days 1,798 sqft
2019-03-01 0 days 1,773 sqft
2019-04-01 0 days 1,754 sqft
2019-05-01 0 days 1,794 sqft
2019-06-01 0 days 1,802 sqft
2019-07-01 0 days 1,826 sqft
2019-08-01 0 days 1,822 sqft
2019-09-01 0 days 1,810 sqft
2019-10-01 0 days 1,800 sqft
2019-11-01 0 days 1,798 sqft
2019-12-01 0 days 1,758 sqft
2020-01-01 0 days 1,753 sqft
2020-02-01 0 days 1,800 sqft
2020-03-01 0 days 1,822 sqft
2020-04-01 0 days 1,839 sqft
2020-05-01 0 days 1,857 sqft
2020-06-01 0 days 1,875 sqft
2020-07-01 0 days 1,851 sqft
2020-08-01 0 days 1,867 sqft
2020-09-01 0 days 1,899 sqft
2020-10-01 0 days 1,828 sqft
2020-11-01 0 days 1,869 sqft
2020-12-01 0 days 1,868 sqft
2021-01-01 0 days 1,871 sqft
2021-02-01 0 days 1,798 sqft
2021-03-01 0 days 1,898 sqft
2021-04-01 0 days 1,910 sqft
2021-05-01 0 days 1,806 sqft
2021-06-01 0 days 1,782 sqft
2021-07-01 0 days 1,591 sqft
2021-08-01 0 days 1,807 sqft
2021-09-01 0 days 1,843 sqft
2021-10-01 0 days 1,924 sqft
2021-11-01 0 days 1,817 sqft
2021-12-01 0 days 1,754 sqft
2022-01-01 0 days 1,800 sqft
2022-02-01 0 days 1,830 sqft
2022-03-01 0 days 1,778 sqft
2022-04-01 0 days 1,780 sqft
2022-05-01 0 days 1,801 sqft
2022-06-01 0 days 1,843 sqft
2022-07-01 0 days 1,876 sqft
2022-08-01 0 days 1,932 sqft
2022-09-01 0 days 1,913 sqft
2022-10-01 0 days 1,800 sqft
2022-11-01 0 days 1,875 sqft
2022-12-01 0 days 1,886 sqft
2023-01-01 0 days 1,877 sqft
2023-02-01 0 days 1,890 sqft
2023-03-01 0 days 1,867 sqft
2023-04-01 0 days 1,800 sqft
2023-05-01 0 days 1,754 sqft
2023-06-01 0 days 1,786 sqft
2023-07-01 0 days 1,840 sqft
2023-08-01 0 days 1,829 sqft
2023-09-01 0 days 1,803 sqft
2023-10-01 0 days 1,795 sqft
2023-11-01 0 days 1,782 sqft
2023-12-01 0 days 1,770 sqft
2024-01-01 0 days 1,741 sqft
2024-02-01 0 days 1,714 sqft
Opelousas's median listing age (time on market) for 2024-02-01 was 0 days.

Opelousas's median square footage for active listings during the 2024-02-01 period was 1,714 sqft. One year prior, the average listing was 1,890 sqft.