Opelousas USDA Loan Rates, Closing Costs & Stats

Opelousas, 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.

    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 6.5% for the week of 2024-11-08, compared to the national average (all USDA variants) of 6.477% for the same period.

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

    The average rate for the prior week (2024-11-01) was 6.28% and one month ago for the week of 2024-10-04, the average rate was 6.1%.

    The average rate one year ago was 7.34%.

    For refis of the same type during the week of 2024-11-08, the average rate was 6.28%.

    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
    2024-03-01 $194,999 (-13.0%) $266,904 (-19.5%) 0.00 225
    2024-04-01 $189,250 (-15.7%) $261,188 (-22.5%) 0.00 230
    2024-05-01 $192,500 (-3.1%) $265,955 (-18.3%) 0.00 216
    2024-06-01 $191,000 (-4.0%) $279,326 (-13.0%) 0.00 211
    2024-07-01 $187,000 (-12.8%) $265,849 (-18.6%) 0.00 218
    2024-08-01 $192,500 (-10.3%) $263,959 (-22.0%) 0.00 223
    2024-09-01 $188,250 (-10.4%) $259,295 (-19.6%) 0.00 229
    2024-10-01 $189,500 (-7.9%) $264,042 (-10.0%) 0.00 218
    Opelousas's median listing price for 2024-10-01 was $189,500, a difference of $-16,250 (-7.9%) versus the prior year and $1,250 versus the prior month.

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

    Opelousas's average listing price for 2024-10-01 was $264,042, a difference of $-29,254 (-10.0%) versus the prior year and $4,747 versus the prior month.

    For the 2024-10-01 period, Opelousas had 218 MLS listings, a difference of -11 listings (-5%) versus the prior month and 21 listings (11%) 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
    2024-03-01 0 days 1,704 sqft
    2024-04-01 0 days 1,704 sqft
    2024-05-01 0 days 1,772 sqft
    2024-06-01 0 days 1,705 sqft
    2024-07-01 0 days 1,650 sqft
    2024-08-01 0 days 1,621 sqft
    2024-09-01 0 days 1,648 sqft
    2024-10-01 0 days 1,637 sqft
    Opelousas's median listing age (time on market) for 2024-10-01 was 0 days.

    Opelousas's median square footage for active listings during the 2024-10-01 period was 1,637 sqft. One year prior, the average listing was 1,795 sqft.