Shreveport USDA Loans

SHREVEPORT-BOSSIER CITY, 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.

Shreveport's 57 lenders originated 346 USDA loans during 2021. The total origination value was $63,830,000, with an average USDA loan value of $184,480.

Shreveport USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Shreveport averaged 5.57% for the week of 2022-05-20, compared to the national average (all USDA variants) of 5.315% for the same period.

The average rate for the prior week (2022-05-13) was 5.35% and one month ago for the week of 2022-04-15, the average rate was 5.05%.

The average rate one year ago was 3.4%.

For refis of the same type during the week of 2022-05-20, the average rate was 5.21%.

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

Shreveport USDA Loan Lenders by Rates & Fees

The below table looks at the average fees and rates for USDA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Shreveport level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
EUSTIS AND AMERICAN MORTGAGE COMPANY 30 2.85% $5,641
PLANET HOME LENDING, LLC 23 3.40% $7,169
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 18 3.46% $5,328
FIDELITY BANK 18 3.01% $5,583
Goldwater Bank, N.A. 18 2.88% $5,510
PLAZA HOME MORTGAGE, INC. 14 3.13% $4,771
CALIBER HOME LOANS, INC. 14 2.85% $6,135
MOVEMENT MORTGAGE, LLC 13 2.98% $4,990
UNION HOME MORTGAGE CORP. 13 3.15% $5,204
DSLD MORTGAGE, LLC 11 2.62% $3,671
SOUTHWEST FUNDING, LP 9 3.26% $7,122
Home Federal Bank 9 2.55% $4,899
MID AMERICA MORTGAGE, INC. 8 3.22% $3,630
Red River Bank 8 2.48% $5,710
Cross Keys Bank 7 2.57% $5,921
HOME POINT FINANCIAL CORPORATION 5 2.68% $5,420
Assurance Financial Group, L.L.C. 5 2.90% $5,255
GMFS LLC 5 2.78% $4,234
Regions Bank 4 3.03% $4,563
BancorpSouth Bank 4 2.84% $5,280
THRIVE MORTGAGE, LLC 4 2.88% $5,782
FBT Mortgage, L.L.C. 3 2.25% $5,627
FirstTrust Home Loans, Inc. 3 2.83% $4,922
Austin Capital Bank SSB 3 3.71% $6,671
Origin Bank 3 2.88% $4,362
MORTGAGE FINANCIAL SERVICES, LLC 3 2.83% $4,946
HOMEBRIDGE FINANCIAL SERVICES, INC. 3 3.25% $9,197
GUILD MORTGAGE COMPANY 2 3.31% $5,924
Bank of England 2 2.88% $4,912
BAYSHORE MORTGAGE FUNDING, LLC 2 3.19% $5,517
Carrington Mortgage Services, LLC 2 3.81% $3,992
Citizens Bank 2 2.44% $6,007
FBC MORTGAGE, LLC 2 2.75% $5,795
FIRST COMMUNITY MORTGAGE, INC. 2 2.56% $5,999
AMERICAN FINANCIAL RESOURCES, INC. 2 4.06% $3,142
NATIONS DIRECT MORTGAGE, LLC 2 3.12% $6,240
PENNYMAC LOAN SERVICES, LLC 2 2.81% $5,740
PIERREMONT MORTGAGE, INC. 2 2.56% $2,504
Renasant Bank 2 2.75% $7,050
UNITED WHOLESALE MORTGAGE, LLC 2 2.81% $5,575
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 1 2.50% $8,387
GSF Mortgage Corporation 1 2.75% $16,061
Flagstar Bank, FSB 1 3.13% $6,475
Equity Prime Mortgage LLC 1 3.13% $5,741
DELMAR FINANCIAL COMPANY 1 2.50% $6,101
Waterstone Mortgage Corporation 1 3.13% $8,696
RESIDENTIAL BANCORP. 1 3.99% $6,260
Sabine State Bank and Trust Company 1 3.13% $4,054
Shamrock Home Loans, Inc. 1 2.63% $5,699
CIS Financial Services, Inc. 1 2.88% $5,192
STANDARD MORTGAGE CORPORATION 1 2.38% $7,059
CHURCHILL MORTGAGE CORPORATION 1 2.88% $6,303
LOANDEPOT.COM, LLC 1 2.88% $8,102
TOWNE MORTGAGE COMPANY 1 2.99% $6,180
NATIONS RELIABLE LENDING, LLC 1 2.88% $5,854
GUARANTEED RATE, INC. 1 3.38% $6,738
Trustmark National Bank 1 3.63% $1,414

The top Shreveport USDA lender as defined by loan originations is EUSTIS AND AMERICAN MORTGAGE COMPANY, with 30 USDA loans originated. Their average total fees are $5,641, which is $1,528 lower than the next largest lender, PLANET HOME LENDING, LLC.

The lowest fee Shreveport USDA lenders (with over 10 loans originated) are DSLD MORTGAGE, LLC ($3,671), PLAZA HOME MORTGAGE, INC. ($4,771), MOVEMENT MORTGAGE, LLC ($4,990), UNION HOME MORTGAGE CORP. ($5,204) and FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($5,328).

The lowest rate Shreveport USDA lenders (with over 10 loans originated) are DSLD MORTGAGE, LLC (2.62%), CALIBER HOME LOANS, INC. (2.85%), EUSTIS AND AMERICAN MORTGAGE COMPANY (2.85%), Goldwater Bank, N.A. (2.88%) and MOVEMENT MORTGAGE, LLC (2.98%).


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Shreveport (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 $179,950 (1.3%) $230,330 (2.8%) 0.66 2,121
2018-02-01 $184,900 (1.3%) $233,506 (1.6%) 0.67 2,115
2018-03-01 $185,900 (1.1%) $235,982 (0.9%) 0.64 2,150
2018-04-01 $189,750 (2.0%) $240,864 (1.1%) 0.64 2,229
2018-05-01 $189,900 (0.6%) $243,926 (2.0%) 0.63 2,227
2018-06-01 $192,000 (2.0%) $245,885 (2.5%) 0.64 2,231
2018-07-01 $189,900 (2.2%) $244,666 (3.2%) 0.63 2,305
2018-08-01 $194,900 (5.5%) $243,579 (3.6%) 0.65 2,313
2018-09-01 $190,000 (4.4%) $242,643 (4.4%) 0.64 2,261
2018-10-01 $194,250 (7.7%) $244,416 (6.2%) 0.65 2,186
2018-11-01 $190,000 (5.6%) $241,650 (5.4%) 0.64 2,162
2018-12-01 $189,900 (5.6%) $239,877 (4.4%) 0.65 2,119
2019-01-01 $191,450 (6.4%) $238,730 (3.7%) 0.66 2,055
2019-02-01 $197,200 (6.7%) $239,903 (2.7%) 0.66 2,094
2019-03-01 $197,800 (6.4%) $242,855 (2.9%) 0.64 2,118
2019-04-01 $199,250 (5.0%) $246,880 (2.5%) 0.63 2,137
2019-05-01 $199,950 (5.3%) $249,624 (2.3%) 0.62 2,133
2019-06-01 $199,000 (3.7%) $245,850 (0.0%) 0.61 2,082
2019-07-01 $199,500 (5.1%) $246,292 (0.7%) 0.62 2,093
2019-08-01 $199,086 (2.2%) $244,499 (0.4%) 0.63 2,054
2019-09-01 $196,500 (3.4%) $242,073 (-0.2%) 0.62 1,984
2019-10-01 $193,500 (-0.4%) $242,760 (-0.7%) 0.62 1,980
2019-11-01 $189,900 (-0.1%) $239,370 (-0.9%) 0.61 1,937
2019-12-01 $189,000 (-0.5%) $237,326 (-1.1%) 0.63 1,899
2020-01-01 $189,000 (-1.3%) $239,094 (0.2%) 0.63 1,801
2020-02-01 $189,000 (-4.2%) $240,921 (0.4%) 0.61 1,767
2020-03-01 $192,888 (-2.5%) $246,753 (1.6%) 0.60 1,777
2020-04-01 $197,000 (-1.1%) $249,241 (1.0%) 0.61 1,755
2020-05-01 $199,900 (0.0%) $251,077 (0.6%) 0.61 1,641
2020-06-01 $208,000 (4.5%) $268,319 (9.1%) 0.61 1,368
2020-07-01 $208,500 (4.5%) $275,743 (12.0%) 0.60 1,319
2020-08-01 $199,900 (0.4%) $277,959 (13.7%) 0.57 1,249
2020-09-01 $199,999 (1.8%) $278,816 (15.2%) 0.57 1,196
2020-10-01 $198,500 (2.6%) $271,442 (11.8%) 0.57 1,159
2020-11-01 $188,900 (-0.5%) $267,236 (11.6%) 0.54 1,130
2020-12-01 $179,700 (-4.9%) $263,475 (11.0%) 0.53 1,054
2021-01-01 $178,000 (-5.8%) $260,643 (9.0%) 0.52 1,009
2021-02-01 $176,950 (-6.4%) $262,130 (8.8%) 0.51 859
2021-03-01 $169,450 (-12.2%) $261,699 (6.1%) 0.48 838
2021-04-01 $194,500 (-1.3%) $273,324 (9.7%) 0.52 416
2021-05-01 $179,999 (-10.0%) $254,587 (1.4%) 0.47 509
2021-06-01 $184,650 (-11.2%) $258,324 (-3.7%) 0.48 586
2021-07-01 $173,500 (-16.8%) $256,320 (-7.0%) 0.45 710
2021-08-01 $166,300 (-16.8%) $243,855 (-12.3%) 0.44 794
2021-09-01 $161,500 (-19.3%) $234,067 (-16.1%) 0.43 822
2021-10-01 $169,000 (-14.9%) $247,502 (-8.8%) 0.44 749
2021-11-01 $162,400 (-14.0%) $244,738 (-8.4%) 0.43 780
2021-12-01 $164,950 (-8.2%) $241,720 (-8.3%) 0.44 771
2022-01-01 $165,000 (-7.3%) $242,342 (-7.0%) 0.44 666
2022-02-01 $165,750 (-6.3%) $249,929 (-4.7%) 0.42 595
2022-03-01 $177,475 (4.7%) $272,869 (4.3%) 0.44 519
2022-04-01 $190,000 (-2.3%) $278,892 (2.0%) 0.45 509
Shreveport's median listing price for 2022-04-01 was $190,000, a difference of $-4,500 (-2.3%) versus the prior year and $12,525 versus the prior month.

Shreveport's median listing price comes in at 45% of the national average.

Shreveport's average listing price for 2022-04-01 was $278,892, a difference of $5,568 (2.0%) versus the prior year and $6,023 versus the prior month.

For the 2022-04-01 period, Shreveport had 509 MLS listings, a difference of -10 listings (-2%) versus the prior month and 93 listings (22%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Shreveport (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 91 days 1,855 sqft
2018-02-01 92 days 1,869 sqft
2018-03-01 72 days 1,874 sqft
2018-04-01 65 days 1,897 sqft
2018-05-01 66 days 1,905 sqft
2018-06-01 68 days 1,919 sqft
2018-07-01 71 days 1,923 sqft
2018-08-01 73 days 1,935 sqft
2018-09-01 79 days 1,940 sqft
2018-10-01 85 days 1,944 sqft
2018-11-01 89 days 1,920 sqft
2018-12-01 93 days 1,893 sqft
2019-01-01 94 days 1,886 sqft
2019-02-01 86 days 1,895 sqft
2019-03-01 70 days 1,904 sqft
2019-04-01 70 days 1,918 sqft
2019-05-01 71 days 1,919 sqft
2019-06-01 78 days 1,904 sqft
2019-07-01 79 days 1,904 sqft
2019-08-01 74 days 1,893 sqft
2019-09-01 74 days 1,876 sqft
2019-10-01 78 days 1,859 sqft
2019-11-01 80 days 1,848 sqft
2019-12-01 86 days 1,835 sqft
2020-01-01 88 days 1,829 sqft
2020-02-01 84 days 1,825 sqft
2020-03-01 69 days 1,854 sqft
2020-04-01 72 days 1,864 sqft
2020-05-01 81 days 1,883 sqft
2020-06-01 79 days 1,939 sqft
2020-07-01 69 days 1,942 sqft
2020-08-01 61 days 1,954 sqft
2020-09-01 58 days 1,965 sqft
2020-10-01 61 days 1,940 sqft
2020-11-01 65 days 1,901 sqft
2020-12-01 74 days 1,860 sqft
2021-01-01 72 days 1,828 sqft
2021-02-01 64 days 1,803 sqft
2021-03-01 58 days 1,802 sqft
2021-04-01 20 days 1,931 sqft
2021-05-01 35 days 1,824 sqft
2021-06-01 42 days 1,807 sqft
2021-07-01 37 days 1,751 sqft
2021-08-01 49 days 1,713 sqft
2021-09-01 52 days 1,682 sqft
2021-10-01 58 days 1,722 sqft
2021-11-01 55 days 1,721 sqft
2021-12-01 59 days 1,707 sqft
2022-01-01 71 days 1,706 sqft
2022-02-01 71 days 1,699 sqft
2022-03-01 59 days 1,759 sqft
2022-04-01 56 days 1,738 sqft
Shreveport's median listing age (time on market) for 2022-04-01 was 56 days. This is 187% longer than the same period one year ago.

Shreveport's median square footage for active listings during the 2022-04-01 period was 1,738 sqft. One year prior, the average listing was 1,931 sqft.