Louisiana FHA Loan Rates, Closing Costs & Stats

Louisiana

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    • FHA loans are mortgages created in the 1930's to help insulate lenders from credit risks and help promote home ownership. The Federal Housing Administration (hence, FHA) allows for lower downpayments and credit scores-- making these loans much more accessible than traditional mortgages.

    FHA loans typically need just a 3.5% downpayment with credit scores of 580 or better. For credit scores between 500-579, the downpayment needs to be at least 10%.

    While FHA loans make home ownership much more accessible to first-time homebuyers, they do require PMI (purchase money insurance)-- an additional insurance premium that is paid to the FHA to help cover defaults.

    For additional requirements as defined by the FHA, click here.

    Louisiana FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Louisiana averaged 6.42% for the week of 2024-12-13, compared to the national average (all FHA variants) of 6.277% for the same period.

    Louisiana's average FHA mortgage closing costs are $7,328.

    The average rate for the prior week (2024-12-06) was 6.39% and one month ago for the week of 2024-11-08, the average rate was 6.45%.

    The average rate one year ago was 6.76%.

    For refis of the same type during the week of 2024-12-13, the average rate was 6.01%.

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

    Louisiana FHA Loan Lenders by Rates & Fees

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

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    UNITED WHOLESALE MORTGAGE, LLC 1,262 6.43% $10,828
    QUICKEN LOANS, LLC 824 6.26% $9,885
    GMFS LLC 792 6.55% $7,429
    DHI MORTGAGE COMPANY, LTD. 501 5.32% $7,863
    EUSTIS AND AMERICAN MORTGAGE COMPANY 489 6.69% $10,018
    DSLD MORTGAGE, LLC 485 6.30% $5,537
    FIDELITY BANK 432 6.51% $9,317
    MOVEMENT MORTGAGE, LLC 323 6.70% $10,074
    Assurance Financial Group, L.L.C. 301 6.77% $10,545
    NEWREZ LLC 256 6.56% $9,744
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 219 6.86% $8,155
    CARDINAL FINANCIAL 218 6.61% $10,493
    Gulf Coast Bank and Trust Company 206 6.50% $9,105
    FREEDOM MORTGAGE CORPORATION 181 6.93% $11,168
    CROSSCOUNTRY MORTGAGE, LLC 178 6.91% $10,744
    PENNYMAC LOAN SERVICES, LLC 168 6.26% $10,621
    LOANDEPOT.COM, LLC 156 6.43% $10,157
    Equity Prime Mortgage LLC 132 6.90% $9,414
    Red River Bank 117 6.14% $6,903
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 116 6.77% $7,461
    BROKER SOLUTIONS, INC. 105 6.74% $11,232
    Eagle Bank and Trust Company 98 6.52% $8,584
    Regions Bank 88 6.17% $9,446
    MID AMERICA MORTGAGE, INC. 88 6.96% $7,576
    UNION HOME MORTGAGE CORP. 88 6.67% $9,330
    AMERICAN FINANCIAL NETWORK, INC. 83 7.04% $10,267
    Hancock Whitney Bank 83 6.23% $9,111
    PLANET HOME LENDING, LLC 82 6.72% $9,408
    Origin Bank 82 6.56% $8,021
    PRIMARY RESIDENTIAL MORTGAGE, INC. 76 7.00% $9,675
    STANDARD MORTGAGE CORPORATION 75 6.14% $8,573
    Paramount Residential Mortgage Group, Inc. 74 7.07% $11,548
    SUN WEST MORTGAGE COMPANY, INC. 71 6.48% $9,272
    HOMESIDE FINANCIAL, LLC 71 6.89% $9,216
    DRAPER AND KRAMER MORTGAGE CORP. 70 6.92% $9,543
    Mr. Cooper ( Nationstar Mortgage ) 66 6.19% $12,157
    Carrington Mortgage Services, LLC 65 6.38% $11,464
    Gateway First Bank 60 6.65% $7,067
    Nations Lending Corporation 60 6.85% $7,132
    MUTUAL OF OMAHA MORTGAGE, INC. 59 6.65% $11,303
    Plains Commerce Bank 57 6.54% $10,689
    JPMorgan Chase Bank 57 6.50% $5,720
    PRIMELENDING, A PLAINSCAPITAL COMPANY 56 6.82% $12,195
    NTFN, INC. 55 6.63% $9,209
    GUARANTEED RATE, INC. 55 6.52% $10,650
    T2 FINANCIAL LLC 54 6.45% $11,469
    PLAZA HOME MORTGAGE, INC. 54 6.41% $10,150
    AMERISAVE MORTGAGE CORPORATION 49 6.10% $12,102
    SUMMIT FUNDING, INC. 48 6.72% $9,687
    MORTGAGE SOLUTIONS OF COLORADO, LLC 47 7.04% $10,321
    GUILD MORTGAGE COMPANY 44 6.84% $10,030
    AMERICAN FINANCIAL RESOURCES, INC. 40 6.80% $10,004
    Flagstar Bank, FSB 39 6.60% $9,731
    MORTGAGE FINANCIAL SERVICES, LLC 38 6.48% $8,498
    AMERICAN PACIFIC MORTGAGE CORPORATION 34 6.86% $9,199
    America's Mortgage Resource, Inc. 34 6.34% $5,939
    First Horizon Bank 33 6.31% $10,703
    BancorpSouth 32 6.33% $7,574
    STOCKTON MORTGAGE CORPORATION 31 6.93% $11,287
    Sabine State Bank and Trust Company 30 6.74% $9,368
    Mortgage Research Center, LLC 27 7.05% $6,335
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 26 6.76% $10,648
    RELIANCE FIRST CAPITAL, LLC 25 6.56% $10,100
    HOMEBRIDGE FINANCIAL SERVICES, INC. 25 6.58% $11,904
    OCMBC, INC. 24 7.20% $14,038
    CMG MORTGAGE, INC. 24 7.13% $11,975
    THE MORTGAGE FIRM, INC. 23 6.70% $10,165
    Citizens Bank 23 6.63% $8,631
    Republic State Mortgage Co. 21 6.82% $10,014
    AMCAP MORTGAGE, LTD. 21 6.80% $11,228
    FIRST COMMUNITY MORTGAGE, INC. 21 6.83% $10,433
    PANORAMA MORTGAGE GROUP, LLC 20 6.89% $10,159
    INTERLINC MORTGAGE SERVICES, LLC 20 6.99% $9,672
    V.I.P. MORTGAGE, INC. 18 6.72% $11,449
    HOMESTAR FINANCIAL CORPORATION 16 7.02% $6,533
    Home Federal Bank 16 6.59% $7,394
    Chickasaw Community Bank 16 7.03% $9,359
    SOUTHPOINT FINANCIAL SERVICES, INC. 15 6.73% $7,591
    Bank of England 15 6.27% $9,622
    Prosperity Home Mortgage, LLC 15 6.40% $11,938
    LAKEVIEW LOAN SERVICING, LLC 14 6.18% $10,087
    Cornerstone First Mortgage, Inc 14 6.82% $11,762
    ZILLOW HOME LOANS, LLC 14 6.54% $9,730
    GENEVA FINANCIAL, LLC 13 6.73% $12,283
    Goldwater Bank, N.A. 13 6.63% $9,918
    Wolfe Financial, Inc 13 6.66% $12,691
    First Option Mortgage, LLC 13 6.88% $11,140
    KEESLER 13 5.33% $7,582
    EVERETT FINANCIAL, INC. 13 6.90% $8,921
    Towne Bank 12 6.65% $9,304
    INSPIRE HOME LOANS INC. 12 5.48% $8,011
    SECURITYNATIONAL MORTGAGE COMPANY 12 6.35% $12,223
    NATIONS DIRECT MORTGAGE, LLC 11 6.26% $12,472
    Century Mortgage Company DBA Century Lending Company 11 6.46% $9,033
    VILLAGE CAPITAL MORTGAGE 10 6.55% $8,492
    FirstTrust Home Loans, Inc. 10 6.54% $9,151
    The Federal Savings Bank 10 6.66% $13,542
    Lakeview Community Capital, LLC 9 6.19% $9,566
    BECKAM FUNDING CORP. 9 6.75% $12,955
    LEGEND LENDING CORPORATION 9 6.79% $12,478
    US MORTGAGE CORPORATION 9 7.00% $9,744
    Hometown Equity Mortgage, LLC 9 6.54% $11,640
    DAS Acquisition Company, LLC 8 7.23% $10,220
    AMERICAN PORTFOLIO MORTGAGE CORPORATION 8 6.44% $8,846
    BARKSDALE 8 6.69% $6,993
    Barrington Bank & Trust Company, N.A. 8 6.44% $9,934
    BAY EQUITY LLC 8 5.80% $11,035
    M&T Bank 8 6.56% $8,641
    NATIONS RELIABLE LENDING, LLC 8 7.05% $9,634
    Network Funding, L.P. 8 6.78% $8,641
    Merchants Bank of Indiana 7 6.80% $5,698
    TOP FLITE FINANCIAL, INC. 7 7.14% $14,841
    AMERICAN FINANCING CORPORATION 7 6.32% $7,888
    EMM LOANS LLC 7 6.18% $15,370
    TIB The Independent Bankersbank 7 6.88% $10,432
    Wells Fargo Bank 7 6.70% $6,274
    AmeriHome Mortgage Company, LLC 7 6.54% $10,689
    PIERREMONT MORTGAGE, INC. 6 6.40% $4,304
    ROYAL UNITED MORTGAGE LLC 6 6.73% $10,590
    NFM, INC. 6 7.17% $10,497
    BETTER MORTGAGE CORPORATION 6 6.25% $9,417
    LAND HOME FINANCIAL SERVICES, INC. 6 6.96% $11,275
    Summit Mortgage Corporation 6 7.23% $9,837
    PHH Mortgage Corporation 5 7.20% $9,857
    PENTAGON FEDERAL CREDIT UNION 5 5.48% $9,457
    NP, Inc. 5 6.55% $6,412
    AmRes Corporation 5 6.50% $8,487
    Magnolia Bank 5 6.25% $10,101
    HOMESPIRE MORTGAGE CORPORATION 5 5.95% $7,534
    Century Next Bank 5 6.05% $9,756
    ACADEMY MORTGAGE CORPORATION 5 6.68% $9,355
    PREMIA MORTGAGE, LLC 5 6.45% $9,688
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 4 6.78% $11,536
    LIBERTY HOME MORTGAGE CORPORATION 4 6.63% $14,096
    NBKC BANK 4 6.41% $9,310
    CRESCENT MORTGAGE COMPANY 4 6.56% $10,288
    Renasant Bank 4 7.13% $8,148
    CITYWIDE HOME LOANS, LLC 4 7.25% $10,759
    BAYSHORE MORTGAGE FUNDING, LLC 4 7.28% $10,780
    BankPlus 4 6.25% $7,614
    TOWNE MORTGAGE COMPANY 4 6.81% $8,467
    U.S. Bank 4 7.19% $6,181
    AMERICAN NATIONWIDE MORTGAGE COMPANY, INC. 4 5.69% $11,867
    MIDLAND MORTGAGE CORPORATION 3 6.75% $8,154
    UNITED SECURITY FINANCIAL CORP 3 7.46% $12,317
    CHURCHILL MORTGAGE CORPORATION 3 6.38% $12,987
    SOUTHWEST STAGE FUNDING, LLC 3 6.67% $4,975
    CALIBER HOME LOANS, INC. 3 5.63% $11,211
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 3 7.04% $7,326
    Northpointe Bank 3 6.33% $11,703
    SUCCESS MORTGAGE PARTNERS, INC. 3 6.42% $15,207
    BM Real Estate Services, Inc. 3 6.83% $9,389
    LEADERONE FINANCIAL CORPORATION 3 6.46% $10,182
    Colonial Savings, F.A. 3 6.25% $12,245
    NETWORK CAPITAL FUNDING CORPORATION 3 5.54% $14,767
    OPEN MORTGAGE, LLC 2 6.38% $6,248
    SWBC MORTGAGE CORPORATION 2 7.38% $5,763
    VANDERBILT MORTGAGE AND FINANCE, INC. 2 6.25% $10,032
    Victorian Finance, LLC 2 6.38% $8,447
    ALLIED MORTGAGE GROUP, INC. 2 6.56% $4,679
    FIRST COLONY MORTGAGE CORPORATION 2 5.81% $11,382
    GSF Mortgage Corporation 2 6.63% $11,768
    THRIVE MORTGAGE, LLC 2 6.19% $12,166
    FirstBank 2 6.13% $8,612
    FBC MORTGAGE, LLC 2 6.69% $8,561
    MEMBER FIRST MORTGAGE, LLC 2 5.81% $6,204
    Evolve Bank & Trust 2 6.75% $8,534
    Trustmark National Bank 2 6.75% $7,158
    PNC Bank 2 6.50% $9,772
    TJC Mortgage, Inc. 1 7.25% $7,098
    Bank of America 1 3.88% $0
    Merchants & Marine Bank 1 6.63% $9,704
    Truist 1 3.75% $2,798
    Loan Simple, Inc. 1 6.25% $13,402
    MEMBER ADVANTAGE MORTGAGE, LLC 1 6.25% $10,477
    NORWICH COMMERCIAL GROUP, INC. 1 7.13% $12,692
    OAKTREE FUNDING CORP. 1 5.38% $23,482
    First United Bank and Trust Company 1 7.13% $16,851
    ON Q FINANCIAL, INC. 1 7.00% $11,906
    First Savings Bank 1 7.25% $6,430
    First Federal Bank 1 6.00% $13,418
    First Financial Bank 1 6.25% $7,809
    NEXERA HOLDING LLC 1 6.25% $8,689
    NEW DAY FINANCIAL, LLC 1 7.50% $4,169
    PREMIER MORTGAGE RESOURCES, L.L.C. 1 7.25% $10,762
    1ST SIGNATURE LENDING, LLC 1 7.13% $11,980
    Princeton Mortgage Corporation 1 5.99% $9,582
    Prosperity Bank 1 5.38% $7,638
    CORNERSTONE HOME LENDING, INC. 1 7.25% $17,406
    Community Bank of Mississippi 1 6.25% $5,512
    Commerce Home Mortgage, Inc. 1 6.88% $12,436
    RESIDENTIAL BANCORP 1 7.13% $11,603
    NATIONWIDE MORTGAGE BANKERS, INC. 1 6.75% $10,625
    S1L, Inc. 1 5.75% $10,525
    CITY FIRST MORTGAGE SERVICES, L.L.C. 1 7.63% $10,005
    SENTE MORTGAGE, INC. 1 6.25% $16,928
    Shamrock Home Loans, Inc. 1 7.75% $9,192
    SIRVA MORTGAGE, INC. 1 7.50% $11,432
    AHL FUNDING 1 7.49% $12,921
    CALCON MUTUAL MORTGAGE LLC 1 7.25% $19,281
    GUARANTEED RATE AFFINITY, LLC 1 6.25% $6,046
    Ixonia Bank 1 7.13% $10,861
    MICHIGAN MUTUAL, INC. 1 7.13% $8,973
    The Huntington National Bank 1 6.00% $11,265
    The Loan Store, Inc. 1 7.13% $14,034
    BANK OF LITTLE ROCK MORTGAGE CORPORATION 1 7.00% $13,509
    KELLER MORTGAGE, LLC 1 5.63% $10,225

    The top Louisiana FHA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 1,262 FHA loans originated. Their average total fees are $10,828, which is $943 higher than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Louisiana FHA lenders (with over 10 loans originated) are DSLD MORTGAGE, LLC ($5,537), JPMorgan Chase Bank ($5,720), America's Mortgage Resource, Inc. ($5,939), Mortgage Research Center, LLC ($6,335) and HOMESTAR FINANCIAL CORPORATION ($6,533).

    The lowest rate Louisiana FHA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (5.32%), KEESLER (5.33%), INSPIRE HOME LOANS INC. (5.48%), AMERISAVE MORTGAGE CORPORATION (6.10%) and STANDARD MORTGAGE CORPORATION (6.14%).

    Louisiana FHA Loan Limits

    Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
    LAFAYETTE, LA ACADIA 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO ALLEN 2022 $420,680 $538,650 $651,050 $809,150
    BATON ROUGE, LA ASCENSION 2022 $420,680 $538,650 $651,050 $809,150
    BATON ROUGE, LA ASSUMPTION 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO AVOYELLES 2022 $420,680 $538,650 $651,050 $809,150
    DERIDDER, LA BEAUREGARD 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO BIENVILLE 2022 $420,680 $538,650 $651,050 $809,150
    SHREVEPORT-BOSSIER CITY, LA BOSSIER 2022 $420,680 $538,650 $651,050 $809,150
    SHREVEPORT-BOSSIER CITY, LA CADDO 2022 $420,680 $538,650 $651,050 $809,150
    LAKE CHARLES, LA CALCASIEU 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO CALDWELL 2022 $420,680 $538,650 $651,050 $809,150
    LAKE CHARLES, LA CAMERON 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO CATAHOULA 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO CLAIBORNE 2022 $420,680 $538,650 $651,050 $809,150
    NATCHEZ, MS-LA CONCORDIA 2022 $420,680 $538,650 $651,050 $809,150
    SHREVEPORT-BOSSIER CITY, LA DE SOTO 2022 $420,680 $538,650 $651,050 $809,150
    BATON ROUGE, LA EAST BATON ROUG 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO EAST CARROLL 2022 $420,680 $538,650 $651,050 $809,150
    BATON ROUGE, LA EAST FELICIANA 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO EVANGELINE 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO FRANKLIN 2022 $420,680 $538,650 $651,050 $809,150
    ALEXANDRIA, LA GRANT 2022 $420,680 $538,650 $651,050 $809,150
    LAFAYETTE, LA IBERIA 2022 $420,680 $538,650 $651,050 $809,150
    BATON ROUGE, LA IBERVILLE 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO JACKSON 2022 $420,680 $538,650 $651,050 $809,150
    NEW ORLEANS-METAIRIE, LA JEFFERSON 2022 $420,680 $538,650 $651,050 $809,150
    JENNINGS, LA JEFFERSON DAVIS 2022 $420,680 $538,650 $651,050 $809,150
    LAFAYETTE, LA LAFAYETTE 2022 $420,680 $538,650 $651,050 $809,150
    HOUMA-THIBODAUX, LA LAFOURCHE 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO LASALLE 2022 $420,680 $538,650 $651,050 $809,150
    RUSTON, LA LINCOLN 2022 $420,680 $538,650 $651,050 $809,150
    BATON ROUGE, LA LIVINGSTON 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO MADISON 2022 $420,680 $538,650 $651,050 $809,150
    MONROE, LA MOREHOUSE 2022 $420,680 $538,650 $651,050 $809,150
    NATCHITOCHES, LA NATCHITOCHES 2022 $420,680 $538,650 $651,050 $809,150
    NEW ORLEANS-METAIRIE, LA ORLEANS 2022 $420,680 $538,650 $651,050 $809,150
    MONROE, LA OUACHITA 2022 $420,680 $538,650 $651,050 $809,150
    NEW ORLEANS-METAIRIE, LA PLAQUEMINES 2022 $420,680 $538,650 $651,050 $809,150
    BATON ROUGE, LA POINTE COUPEE 2022 $420,680 $538,650 $651,050 $809,150
    ALEXANDRIA, LA RAPIDES 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO RED RIVER 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO RICHLAND 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO SABINE 2022 $420,680 $538,650 $651,050 $809,150
    NEW ORLEANS-METAIRIE, LA ST. BERNARD 2022 $420,680 $538,650 $651,050 $809,150
    NEW ORLEANS-METAIRIE, LA ST. CHARLES 2022 $420,680 $538,650 $651,050 $809,150
    BATON ROUGE, LA ST. HELENA 2022 $420,680 $538,650 $651,050 $809,150
    NEW ORLEANS-METAIRIE, LA ST. JAMES 2022 $420,680 $538,650 $651,050 $809,150
    NEW ORLEANS-METAIRIE, LA ST. JOHN THE BA 2022 $420,680 $538,650 $651,050 $809,150
    OPELOUSAS, LA ST. LANDRY 2022 $420,680 $538,650 $651,050 $809,150
    LAFAYETTE, LA ST. MARTIN 2022 $420,680 $538,650 $651,050 $809,150
    MORGAN CITY, LA ST. MARY 2022 $420,680 $538,650 $651,050 $809,150
    NEW ORLEANS-METAIRIE, LA ST. TAMMANY 2022 $420,680 $538,650 $651,050 $809,150
    HAMMOND, LA TANGIPAHOA 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO TENSAS 2022 $420,680 $538,650 $651,050 $809,150
    HOUMA-THIBODAUX, LA TERREBONNE 2022 $420,680 $538,650 $651,050 $809,150
    MONROE, LA UNION 2022 $420,680 $538,650 $651,050 $809,150
    LAFAYETTE, LA VERMILION 2022 $420,680 $538,650 $651,050 $809,150
    FORT POLK SOUTH, LA VERNON 2022 $420,680 $538,650 $651,050 $809,150
    BOGALUSA, LA WASHINGTON 2022 $420,680 $538,650 $651,050 $809,150
    MINDEN, LA WEBSTER 2022 $420,680 $538,650 $651,050 $809,150
    BATON ROUGE, LA WEST BATON ROUG 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO WEST CARROLL 2022 $420,680 $538,650 $651,050 $809,150
    BATON ROUGE, LA WEST FELICIANA 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO WINN 2022 $420,680 $538,650 $651,050 $809,150
    LAFAYETTE, LA ACADIA 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO ALLEN 2023 $472,030 $604,400 $730,525 $907,900
    BATON ROUGE, LA ASCENSION 2023 $472,030 $604,400 $730,525 $907,900
    BATON ROUGE, LA ASSUMPTION 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO AVOYELLES 2023 $472,030 $604,400 $730,525 $907,900
    DERIDDER, LA BEAUREGARD 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO BIENVILLE 2023 $472,030 $604,400 $730,525 $907,900
    SHREVEPORT-BOSSIER CITY, LA BOSSIER 2023 $472,030 $604,400 $730,525 $907,900
    SHREVEPORT-BOSSIER CITY, LA CADDO 2023 $472,030 $604,400 $730,525 $907,900
    LAKE CHARLES, LA CALCASIEU 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO CALDWELL 2023 $472,030 $604,400 $730,525 $907,900
    LAKE CHARLES, LA CAMERON 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO CATAHOULA 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO CLAIBORNE 2023 $472,030 $604,400 $730,525 $907,900
    NATCHEZ, MS-LA CONCORDIA 2023 $472,030 $604,400 $730,525 $907,900
    SHREVEPORT-BOSSIER CITY, LA DE SOTO 2023 $472,030 $604,400 $730,525 $907,900
    BATON ROUGE, LA EAST BATON ROUG 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO EAST CARROLL 2023 $472,030 $604,400 $730,525 $907,900
    BATON ROUGE, LA EAST FELICIANA 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO EVANGELINE 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO FRANKLIN 2023 $472,030 $604,400 $730,525 $907,900
    ALEXANDRIA, LA GRANT 2023 $472,030 $604,400 $730,525 $907,900
    LAFAYETTE, LA IBERIA 2023 $472,030 $604,400 $730,525 $907,900
    BATON ROUGE, LA IBERVILLE 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO JACKSON 2023 $472,030 $604,400 $730,525 $907,900
    NEW ORLEANS-METAIRIE, LA JEFFERSON 2023 $472,030 $604,400 $730,525 $907,900
    JENNINGS, LA JEFFERSON DAVIS 2023 $472,030 $604,400 $730,525 $907,900
    LAFAYETTE, LA LAFAYETTE 2023 $472,030 $604,400 $730,525 $907,900
    HOUMA-THIBODAUX, LA LAFOURCHE 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO LASALLE 2023 $472,030 $604,400 $730,525 $907,900
    RUSTON, LA LINCOLN 2023 $472,030 $604,400 $730,525 $907,900
    BATON ROUGE, LA LIVINGSTON 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO MADISON 2023 $472,030 $604,400 $730,525 $907,900
    MONROE, LA MOREHOUSE 2023 $472,030 $604,400 $730,525 $907,900
    NATCHITOCHES, LA NATCHITOCHES 2023 $472,030 $604,400 $730,525 $907,900
    NEW ORLEANS-METAIRIE, LA ORLEANS 2023 $472,030 $604,400 $730,525 $907,900
    MONROE, LA OUACHITA 2023 $472,030 $604,400 $730,525 $907,900
    NEW ORLEANS-METAIRIE, LA PLAQUEMINES 2023 $472,030 $604,400 $730,525 $907,900
    BATON ROUGE, LA POINTE COUPEE 2023 $472,030 $604,400 $730,525 $907,900
    ALEXANDRIA, LA RAPIDES 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO RED RIVER 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO RICHLAND 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO SABINE 2023 $472,030 $604,400 $730,525 $907,900
    NEW ORLEANS-METAIRIE, LA ST. BERNARD 2023 $472,030 $604,400 $730,525 $907,900
    NEW ORLEANS-METAIRIE, LA ST. CHARLES 2023 $472,030 $604,400 $730,525 $907,900
    BATON ROUGE, LA ST. HELENA 2023 $472,030 $604,400 $730,525 $907,900
    NEW ORLEANS-METAIRIE, LA ST. JAMES 2023 $472,030 $604,400 $730,525 $907,900
    NEW ORLEANS-METAIRIE, LA ST. JOHN THE BA 2023 $472,030 $604,400 $730,525 $907,900
    OPELOUSAS, LA ST. LANDRY 2023 $472,030 $604,400 $730,525 $907,900
    LAFAYETTE, LA ST. MARTIN 2023 $472,030 $604,400 $730,525 $907,900
    MORGAN CITY, LA ST. MARY 2023 $472,030 $604,400 $730,525 $907,900
    NEW ORLEANS-METAIRIE, LA ST. TAMMANY 2023 $472,030 $604,400 $730,525 $907,900
    HAMMOND, LA TANGIPAHOA 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO TENSAS 2023 $472,030 $604,400 $730,525 $907,900
    HOUMA-THIBODAUX, LA TERREBONNE 2023 $472,030 $604,400 $730,525 $907,900
    MONROE, LA UNION 2023 $472,030 $604,400 $730,525 $907,900
    LAFAYETTE, LA VERMILION 2023 $472,030 $604,400 $730,525 $907,900
    FORT POLK SOUTH, LA VERNON 2023 $472,030 $604,400 $730,525 $907,900
    BOGALUSA, LA WASHINGTON 2023 $472,030 $604,400 $730,525 $907,900
    MINDEN, LA WEBSTER 2023 $472,030 $604,400 $730,525 $907,900
    BATON ROUGE, LA WEST BATON ROUG 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO WEST CARROLL 2023 $472,030 $604,400 $730,525 $907,900
    BATON ROUGE, LA WEST FELICIANA 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO WINN 2023 $472,030 $604,400 $730,525 $907,900

    FHA Loan Requirements

  • Borrowers must have a steady employment history or worked for the same employer for the past two years.
  • Borrowers must have a valid Social Security number, lawful residency in the U.S. and be of legal age to sign a mortgage in your state.
  • Borrowers must pay a minimum down payment of 3.5 percent. The money may be gifted by a family member. (Traditional mortgages do not permit gifted down payments)
  • New FHA loans are only available for primary residence occupancy.
  • Borrowers must have a property appraisal from a FHA-approved appraiser.
  • Borrowers’ front-end ratio (mortgage payment plus HOA fees, property taxes, mortgage insurance, homeowners insurance) needs to be less than 31 percent of their gross income, typically. You may be able to get approved with as high a percentage as 40 percent. Your lender will be required to provide justification as to why they believe the mortgage presents an acceptable risk. The lender must include any compensating factors used for loan approval.
  • Borrowers’ debt to income ratio (mortgage plus all your monthly debt, i.e., credit card payment, car payment, student loans, etc.) needs to be less than 43 percent of their gross income, typically. You may be able to get approved with as high a percentage as 50 percent.
  • Borrowers must have a minimum credit score of 580 for maximum financing with a minimum down payment of 3.5 percent.
  • Borrowers must have a minimum credit score of 500-579 for maximum LTV of 90 percent with a minimum down payment of 10 percent.
  • Bborrowers must be two years out of bankruptcy and have re-established good credit. Exceptions can be made.
  • Typically borrowers must be three years out of foreclosure and have re-established good credit.
  • The purchased property must meet certain minimum standards at appraisal. If the home you are purchasing does not meet these standards and a seller will not agree to the required repairs, your only option is to pay for the required repairs at closing (to be held in escrow until the repairs are complete).