Shreveport USDA Loan Rates, Closing Costs & Stats

SHREVEPORT-BOSSIER CITY, LA

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets
  • Market Conditions & Pricing
  • Time on Market/Property Size

    • 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 29 lenders originated 99 USDA loans during 2023. The total origination value was $19,535,000, with an average USDA loan value of $197,323.

    Shreveport USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Shreveport averaged 6.82% for the week of 2024-04-19, compared to the national average (all USDA variants) of 6.863% for the same period.

    Shreveport's average USDA mortgage closing costs are $5,435.

    The average rate for the prior week (2024-04-12) was 6.87% and one month ago for the week of 2024-03-15, the average rate was 6.76%.

    The average rate one year ago was 6.09%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.47%.

    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/closing costs and rates for USDA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Shreveport level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    PLANET HOME LENDING, LLC 9 6.25% $6,507
    EUSTIS AND AMERICAN MORTGAGE COMPANY 8 7.05% $8,264
    NEWREZ LLC 7 6.79% $7,032
    UNITED WHOLESALE MORTGAGE, LLC 5 6.59% $7,131
    MOVEMENT MORTGAGE, LLC 5 6.85% $6,373
    DSLD MORTGAGE, LLC 5 6.17% $3,980
    GUILD MORTGAGE COMPANY 5 7.13% $7,178
    Assurance Financial Group, L.L.C. 4 7.13% $7,251
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 4 7.13% $8,189
    FIDELITY BANK 4 7.09% $8,927
    Origin Bank 4 6.25% $5,028
    GUARANTEED RATE, INC. 3 6.65% $7,525
    Home Federal Bank 2 6.50% $6,949
    Gateway First Bank 2 6.25% $5,225
    DRAPER AND KRAMER MORTGAGE CORP. 2 6.87% $7,172
    PANORAMA MORTGAGE GROUP, LLC 2 6.06% $6,941
    MORTGAGE FINANCIAL SERVICES, LLC 1 5.38% $5,446
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 8.00% $5,886
    UNION HOME MORTGAGE CORP. 1 7.00% $8,138
    Citizens Bank 1 6.50% $8,630
    BROKER SOLUTIONS, INC. 1 5.63% $17,788
    FirstTrust Home Loans, Inc. 1 5.75% $9,821
    PIERREMONT MORTGAGE, INC. 1 5.75% $5,442
    CARDINAL FINANCIAL 1 5.63% $7,518
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 7.25% $13,020
    ROYAL UNITED MORTGAGE LLC 1 6.63% $7,067
    Sabine State Bank and Trust Company 1 6.75% $7,165
    HOMESTAR FINANCIAL CORPORATION 1 7.25% $2,682
    LAND HOME FINANCIAL SERVICES, INC. 1 6.75% $5,594

    The top Shreveport USDA lender as defined by loan originations is PLANET HOME LENDING, LLC, with 9 USDA loans originated. Their average total fees are $6,507, which is $1,758 lower than the next largest lender, EUSTIS AND AMERICAN MORTGAGE COMPANY.

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

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

    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 $183,950 (1.9%) $234,691 (3.0%) 0.68 1,999
    2018-02-01 $186,725 (0.9%) $237,327 (2.2%) 0.68 1,991
    2018-03-01 $189,900 (2.4%) $239,566 (1.1%) 0.67 2,009
    2018-04-01 $193,700 (2.5%) $244,094 (1.3%) 0.66 2,107
    2018-05-01 $193,000 (1.6%) $247,816 (2.2%) 0.64 2,101
    2018-06-01 $196,900 (3.8%) $250,428 (2.9%) 0.66 2,107
    2018-07-01 $194,575 (3.0%) $250,113 (4.1%) 0.65 2,167
    2018-08-01 $199,000 (6.7%) $248,394 (3.8%) 0.67 2,173
    2018-09-01 $195,000 (5.4%) $247,281 (4.4%) 0.66 2,121
    2018-10-01 $199,000 (7.6%) $249,494 (6.6%) 0.67 2,061
    2018-11-01 $195,000 (5.5%) $245,764 (5.5%) 0.66 2,048
    2018-12-01 $194,000 (5.2%) $244,368 (4.3%) 0.67 2,007
    2019-01-01 $195,838 (6.5%) $243,451 (3.7%) 0.68 1,948
    2019-02-01 $199,900 (7.1%) $244,467 (3.0%) 0.68 1,984
    2019-03-01 $201,014 (5.9%) $247,472 (3.3%) 0.66 2,015
    2019-04-01 $203,376 (5.0%) $251,576 (3.1%) 0.65 2,039
    2019-05-01 $208,309 (7.9%) $255,137 (3.0%) 0.65 2,010
    2019-06-01 $203,683 (3.4%) $250,767 (0.1%) 0.64 1,962
    2019-07-01 $200,000 (2.8%) $250,880 (0.3%) 0.63 1,963
    2019-08-01 $203,363 (2.2%) $250,449 (0.8%) 0.64 1,949
    2019-09-01 $200,909 (3.0%) $250,040 (1.1%) 0.64 1,911
    2019-10-01 $197,000 (-1.0%) $248,949 (-0.2%) 0.64 1,879
    2019-11-01 $192,900 (-1.1%) $243,706 (-0.8%) 0.63 1,818
    2019-12-01 $192,150 (-1.0%) $241,812 (-1.1%) 0.64 1,784
    2020-01-01 $192,400 (-1.8%) $245,269 (0.8%) 0.64 1,689
    2020-02-01 $190,733 (-4.6%) $245,545 (0.4%) 0.62 1,657
    2020-03-01 $195,531 (-2.7%) $251,749 (1.7%) 0.61 1,668
    2020-04-01 $199,900 (-1.7%) $254,612 (1.2%) 0.63 1,650
    2020-05-01 $207,950 (-0.2%) $256,332 (0.5%) 0.63 1,539
    2020-06-01 $209,950 (3.1%) $271,687 (8.3%) 0.62 1,289
    2020-07-01 $210,000 (5.0%) $281,242 (12.1%) 0.61 1,233
    2020-08-01 $200,000 (-1.7%) $283,878 (13.4%) 0.57 1,151
    2020-09-01 $207,450 (3.3%) $284,875 (13.9%) 0.59 1,111
    2020-10-01 $199,900 (1.5%) $277,776 (11.6%) 0.57 1,076
    2020-11-01 $193,700 (0.4%) $275,379 (13.0%) 0.57 1,043
    2020-12-01 $182,500 (-5.0%) $270,239 (11.8%) 0.54 978
    2021-01-01 $179,900 (-6.5%) $267,316 (9.0%) 0.54 937
    2021-02-01 $179,125 (-6.1%) $270,339 (10.1%) 0.52 792
    2021-03-01 $171,975 (-12.1%) $269,653 (7.1%) 0.49 768
    2021-04-01 $199,925 (0.0%) $282,935 (11.1%) 0.54 384
    2021-05-01 $179,999 (-13.4%) $259,160 (1.1%) 0.48 486
    2021-06-01 $182,875 (-12.9%) $261,842 (-3.6%) 0.48 565
    2021-07-01 $170,000 (-19.1%) $260,412 (-7.4%) 0.45 701
    2021-08-01 $168,475 (-15.8%) $247,952 (-12.7%) 0.45 755
    2021-09-01 $162,450 (-21.7%) $236,592 (-17.0%) 0.43 779
    2021-10-01 $165,000 (-17.5%) $251,286 (-9.5%) 0.44 702
    2021-11-01 $162,475 (-16.1%) $246,107 (-10.6%) 0.43 735
    2021-12-01 $162,875 (-10.8%) $242,638 (-10.2%) 0.44 718
    2022-01-01 $167,500 (-6.9%) $242,146 (-9.4%) 0.45 626
    2022-02-01 $167,075 (-6.7%) $249,169 (-7.8%) 0.43 550
    2022-03-01 $180,813 (5.1%) $278,890 (3.4%) 0.45 477
    2022-04-01 $199,900 (0.0%) $286,714 (1.3%) 0.48 485
    2022-05-01 $205,425 (14.1%) $288,842 (11.5%) 0.47 518
    2022-06-01 $229,900 (25.7%) $314,081 (20.0%) 0.51 603
    2022-07-01 $235,000 (38.2%) $316,226 (21.4%) 0.53 728
    2022-08-01 $225,000 (33.6%) $299,938 (21.0%) 0.52 762
    2022-09-01 $219,000 (34.8%) $290,493 (22.8%) 0.51 814
    2022-10-01 $220,000 (33.3%) $288,998 (15.0%) 0.52 841
    2022-11-01 $229,450 (41.2%) $291,502 (18.5%) 0.55 865
    2022-12-01 $229,000 (40.6%) $281,072 (15.8%) 0.57 854
    2023-01-01 $229,000 (36.7%) $282,286 (16.6%) 0.57 802
    2023-02-01 $229,000 (37.1%) $283,302 (13.7%) 0.55 747
    2023-03-01 $234,725 (29.8%) $289,590 (3.8%) 0.55 764
    2023-04-01 $239,950 (20.0%) $295,412 (3.0%) 0.56 793
    2023-05-01 $237,100 (15.4%) $288,860 (0.0%) 0.54 787
    2023-06-01 $247,500 (7.7%) $286,596 (-8.8%) 0.56 837
    2023-07-01 $253,600 (7.9%) $291,783 (-7.7%) 0.58 868
    2023-08-01 $247,200 (9.9%) $289,880 (-3.4%) 0.57 1,029
    2023-09-01 $245,000 (11.9%) $288,794 (-0.6%) 0.57 1,062
    2023-10-01 $246,500 (12.1%) $287,308 (-0.6%) 0.58 1,105
    2023-11-01 $249,450 (8.7%) $294,409 (1.0%) 0.59 1,152
    2023-12-01 $245,500 (7.2%) $289,758 (3.1%) 0.60 1,126
    2024-01-01 $249,900 (9.1%) $289,657 (2.6%) 0.61 1,059
    2024-02-01 $245,675 (7.3%) $294,333 (3.9%) 0.59 1,051
    2024-03-01 $242,500 (3.3%) $295,438 (2.0%) 0.57 1,057
    Shreveport's median listing price for 2024-03-01 was $242,500, a difference of $7,775 (3.3%) versus the prior year and $-3,175 versus the prior month.

    Shreveport's median listing price comes in at 57% of the national average.

    Shreveport's average listing price for 2024-03-01 was $295,438, a difference of $5,848 (2.0%) versus the prior year and $1,105 versus the prior month.

    For the 2024-03-01 period, Shreveport had 1,057 MLS listings, a difference of 6 listings (1%) versus the prior month and 293 listings (38%) 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 88 days 1,860 sqft
    2018-02-01 89 days 1,872 sqft
    2018-03-01 71 days 1,883 sqft
    2018-04-01 62 days 1,900 sqft
    2018-05-01 64 days 1,913 sqft
    2018-06-01 67 days 1,933 sqft
    2018-07-01 68 days 1,932 sqft
    2018-08-01 71 days 1,939 sqft
    2018-09-01 78 days 1,940 sqft
    2018-10-01 82 days 1,944 sqft
    2018-11-01 84 days 1,922 sqft
    2018-12-01 86 days 1,894 sqft
    2019-01-01 89 days 1,889 sqft
    2019-02-01 80 days 1,900 sqft
    2019-03-01 73 days 1,909 sqft
    2019-04-01 66 days 1,928 sqft
    2019-05-01 66 days 1,934 sqft
    2019-06-01 73 days 1,914 sqft
    2019-07-01 73 days 1,914 sqft
    2019-08-01 72 days 1,906 sqft
    2019-09-01 73 days 1,891 sqft
    2019-10-01 74 days 1,870 sqft
    2019-11-01 74 days 1,849 sqft
    2019-12-01 81 days 1,844 sqft
    2020-01-01 83 days 1,849 sqft
    2020-02-01 74 days 1,840 sqft
    2020-03-01 64 days 1,862 sqft
    2020-04-01 68 days 1,877 sqft
    2020-05-01 75 days 1,889 sqft
    2020-06-01 71 days 1,931 sqft
    2020-07-01 65 days 1,940 sqft
    2020-08-01 59 days 1,945 sqft
    2020-09-01 56 days 1,958 sqft
    2020-10-01 56 days 1,928 sqft
    2020-11-01 63 days 1,899 sqft
    2020-12-01 68 days 1,862 sqft
    2021-01-01 69 days 1,818 sqft
    2021-02-01 58 days 1,789 sqft
    2021-03-01 55 days 1,789 sqft
    2021-04-01 20 days 1,912 sqft
    2021-05-01 31 days 1,786 sqft
    2021-06-01 42 days 1,785 sqft
    2021-07-01 38 days 1,729 sqft
    2021-08-01 47 days 1,709 sqft
    2021-09-01 51 days 1,669 sqft
    2021-10-01 58 days 1,714 sqft
    2021-11-01 53 days 1,713 sqft
    2021-12-01 59 days 1,694 sqft
    2022-01-01 71 days 1,696 sqft
    2022-02-01 72 days 1,692 sqft
    2022-03-01 57 days 1,735 sqft
    2022-04-01 50 days 1,732 sqft
    2022-05-01 42 days 1,800 sqft
    2022-06-01 35 days 1,848 sqft
    2022-07-01 38 days 1,828 sqft
    2022-08-01 46 days 1,823 sqft
    2022-09-01 54 days 1,800 sqft
    2022-10-01 54 days 1,804 sqft
    2022-11-01 59 days 1,832 sqft
    2022-12-01 65 days 1,830 sqft
    2023-01-01 74 days 1,829 sqft
    2023-02-01 63 days 1,834 sqft
    2023-03-01 58 days 1,870 sqft
    2023-04-01 52 days 1,854 sqft
    2023-05-01 55 days 1,793 sqft
    2023-06-01 52 days 1,791 sqft
    2023-07-01 53 days 1,864 sqft
    2023-08-01 53 days 1,838 sqft
    2023-09-01 58 days 1,868 sqft
    2023-10-01 62 days 1,871 sqft
    2023-11-01 63 days 1,900 sqft
    2023-12-01 66 days 1,866 sqft
    2024-01-01 80 days 1,872 sqft
    2024-02-01 70 days 1,849 sqft
    2024-03-01 56 days 1,842 sqft
    Shreveport's median listing age (time on market) for 2024-03-01 was 56 days. This is -3% shorter than the same period one year ago.

    Shreveport's median square footage for active listings during the 2024-03-01 period was 1,842 sqft. One year prior, the average listing was 1,870 sqft.