Shreveport USDA Loans

SHREVEPORT-BOSSIER CITY, 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.

    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.