Shreveport USDA Loan Rates, Closing Costs & Stats

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 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 6.76% for the week of 2024-06-07, compared to the national average (all USDA variants) of 6.699% for the same period.

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

The average rate for the prior week (2024-05-31) was 6.94% and one month ago for the week of 2024-05-03, the average rate was 7.03%.

The average rate one year ago was 6.83%.

For refis of the same type during the week of 2024-06-07, the average rate was 6.21%.

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/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
2024-04-01 $239,975 (0.0%) $302,326 (2.3%) 0.56 1,065
2024-05-01 $239,800 (1.1%) $306,150 (6.0%) 0.54 1,130
Shreveport's median listing price for 2024-05-01 was $239,800, a difference of $2,700 (1.1%) versus the prior year and $-175 versus the prior month.

Shreveport's median listing price comes in at 54% of the national average.

Shreveport's average listing price for 2024-05-01 was $306,150, a difference of $17,290 (6.0%) versus the prior year and $3,824 versus the prior month.

For the 2024-05-01 period, Shreveport had 1,130 MLS listings, a difference of 65 listings (6%) versus the prior month and 343 listings (44%) 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
2024-04-01 54 days 1,849 sqft
2024-05-01 51 days 1,853 sqft
Shreveport's median listing age (time on market) for 2024-05-01 was 51 days. This is -8% shorter than the same period one year ago.

Shreveport's median square footage for active listings during the 2024-05-01 period was 1,853 sqft. One year prior, the average listing was 1,793 sqft.