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%.
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.
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. LouisDate | 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 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. LouisDate | 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 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.