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 6.56% for the week of 2025-04-04, compared to the national average (all FHA variants) of 6.259% for the same period.

    Louisiana's average FHA mortgage closing costs are $7,565.

    The average rate for the prior week (2025-03-28) was 6.36% and one month ago for the week of 2025-02-28, the average rate was 6.24%.

    The average rate one year ago was 6.86%.

    For refis of the same type during the week of 2025-04-04, the average rate was 6.04%.

    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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    UNITED WHOLESALE MORTGAGE, LLC 1,327 6.28% $11,274
    GMFS LLC 770 6.48% $6,979
    DSLD MORTGAGE, LLC 709 5.88% $5,499
    QUICKEN LOANS, LLC 708 6.41% $10,332
    DHI MORTGAGE COMPANY, LTD. 613 4.78% $7,340
    EUSTIS AND AMERICAN MORTGAGE COMPANY 431 6.46% $10,393
    FREEDOM MORTGAGE CORPORATION 404 6.36% $10,781
    FIDELITY BANK 402 6.41% $9,365
    MOVEMENT MORTGAGE, LLC 382 6.60% $9,669
    Equity Prime Mortgage LLC 324 6.70% $9,709
    Gulf Coast Bank and Trust Company 288 6.34% $8,974
    Assurance Financial Group, L.L.C. 251 6.71% $9,864
    NEWREZ LLC 199 6.54% $8,903
    GUILD MORTGAGE COMPANY 199 6.68% $9,062
    PENNYMAC LOAN SERVICES, LLC 187 6.11% $8,096
    CROSSCOUNTRY MORTGAGE, LLC 186 6.60% $10,623
    PLANET HOME LENDING, LLC 170 6.48% $7,890
    Red River Bank 165 6.11% $7,209
    Hancock Whitney Bank 157 6.11% $9,067
    Eagle Bank and Trust Company 145 6.55% $7,840
    LOANDEPOT.COM, LLC 138 6.42% $10,360
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 134 6.73% $9,386
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 133 6.47% $7,074
    Flagstar Bank, FSB 130 6.35% $8,652
    HOMESIDE FINANCIAL, LLC 129 6.65% $10,130
    Residential Acceptance Corporation 114 7.19% $10,493
    CARDINAL FINANCIAL 111 6.55% $11,378
    SOUTHWEST FUNDING, LP 109 7.08% $10,678
    BROKER SOLUTIONS, INC. 89 6.78% $10,623
    FIRST COMMUNITY MORTGAGE, INC. 83 6.61% $10,026
    TOWNE MORTGAGE COMPANY 82 6.36% $10,434
    STANDARD MORTGAGE CORPORATION 77 6.15% $8,607
    MID AMERICA MORTGAGE, INC. 76 6.96% $7,112
    Origin Bank 70 6.44% $8,323
    CMG MORTGAGE, INC. 63 6.76% $10,237
    AMERICAN FINANCIAL NETWORK, INC. 62 6.80% $11,579
    PRIMARY RESIDENTIAL MORTGAGE, INC. 59 6.95% $9,339
    SUN WEST MORTGAGE COMPANY, INC. 57 6.43% $10,902
    T2 FINANCIAL LLC 57 6.53% $10,554
    AMERICAN FINANCIAL RESOURCES, INC. 57 6.91% $9,416
    UNION HOME MORTGAGE CORP. 53 6.51% $8,792
    First Horizon Bank 50 6.35% $9,719
    MUTUAL OF OMAHA MORTGAGE, INC. 49 6.53% $13,552
    AMERITRUST MORTGAGE CORPORATION 47 6.97% $13,965
    BancorpSouth 47 6.38% $7,471
    Mortgage Research Center, LLC 46 6.87% $5,750
    PLAZA HOME MORTGAGE, INC. 45 7.14% $9,718
    HOMEBRIDGE FINANCIAL SERVICES, INC. 44 6.45% $8,793
    America's Mortgage Resource, Inc. 43 6.22% $7,840
    Nations Lending Corporation 42 6.67% $7,434
    AMERISAVE MORTGAGE CORPORATION 39 6.16% $11,780
    Mr. Cooper ( Nationstar Mortgage ) 39 6.53% $11,286
    Carrington Mortgage Services, LLC 38 6.31% $12,180
    Regions Bank 38 6.32% $9,414
    AmeriHome Mortgage Company, LLC 38 6.45% $7,254
    MORTGAGE FINANCIAL SERVICES, LLC 37 6.28% $9,696
    SUMMIT FUNDING, INC. 37 6.53% $10,713
    PRIMELENDING, A PLAINSCAPITAL COMPANY 37 6.68% $10,058
    Cornerstone First Mortgage, Inc 34 6.58% $9,047
    VILLAGE CAPITAL MORTGAGE 33 6.58% $5,078
    AFFORDABLE MORTGAGE ADVISORS, LLC. 32 6.53% $8,510
    GENEVA FINANCIAL, LLC 31 6.67% $11,094
    GUARANTEED RATE, INC. 30 6.68% $11,060
    S1L, Inc. 30 6.75% $9,112
    CANOPY MORTGAGE, LLC 29 6.68% $11,487
    Wolfe Financial, Inc 28 6.49% $11,861
    Sabine State Bank and Trust Company 28 6.45% $9,443
    Plains Commerce Bank 27 6.54% $9,153
    LAKEVIEW LOAN SERVICING, LLC 27 6.48% $8,094
    JPMorgan Chase Bank 26 6.44% $6,563
    THE MORTGAGE FIRM, INC. 25 6.70% $9,267
    MORTGAGE SOLUTIONS OF COLORADO, LLC 24 6.84% $10,240
    INSPIRE HOME LOANS INC. 22 5.01% $8,438
    OCMBC, INC. 21 7.07% $13,736
    US MORTGAGE CORPORATION 21 6.57% $11,356
    Paramount Residential Mortgage Group, Inc. 20 6.68% $10,155
    AMERICAN PACIFIC MORTGAGE CORPORATION 20 6.94% $9,525
    Towne Bank 18 6.68% $10,419
    ZILLOW HOME LOANS, LLC 17 6.24% $11,681
    HOMESPIRE MORTGAGE CORPORATION 17 6.62% $10,831
    V.I.P. MORTGAGE, INC. 17 6.53% $9,461
    Century Mortgage Company DBA Century Lending Company 16 6.12% $12,571
    Lakeview Community Capital, LLC 16 6.41% $7,437
    AMERICAN PORTFOLIO MORTGAGE CORPORATION 15 6.45% $8,561
    Goldwater Bank, N.A. 15 6.28% $10,823
    INTERLINC MORTGAGE SERVICES, LLC 15 6.65% $6,878
    STOCKTON MORTGAGE CORPORATION 14 6.63% $8,825
    AMERICAN FINANCING CORPORATION 14 6.11% $9,707
    Merchants Bank of Indiana 12 6.41% $7,045
    DAS Acquisition Company, LLC 12 6.96% $8,620
    Bank of England 12 6.43% $9,600
    MICHIGAN MUTUAL, INC. 11 6.66% $8,475
    KEESLER 11 5.34% $8,375
    EMM LOANS LLC 11 6.32% $14,521
    ROYAL UNITED MORTGAGE LLC 10 6.61% $12,976
    BARKSDALE 10 6.74% $8,010
    Home Federal Bank 10 6.66% $6,600
    Hometown Equity Mortgage, LLC 9 6.57% $14,309
    Summit Mortgage Corporation 9 6.31% $10,543
    The Loan Store, Inc. 9 6.36% $12,283
    SUCCESS MORTGAGE PARTNERS, INC. 9 7.33% $9,906
    Prosperity Home Mortgage, LLC 8 6.37% $10,613
    The Federal Savings Bank 8 6.55% $13,679
    PIERREMONT MORTGAGE, INC. 7 6.27% $5,492
    SECURITYNATIONAL MORTGAGE COMPANY 7 6.96% $7,729
    Network Funding, L.P. 7 6.98% $8,547
    NATIONS DIRECT MORTGAGE, LLC 7 6.54% $8,923
    First Option Mortgage, LLC 7 6.91% $8,934
    RELIANCE FIRST CAPITAL, LLC 6 6.75% $11,882
    Wells Fargo Bank 6 6.10% $8,087
    NORWICH COMMERCIAL GROUP, INC. 6 5.81% $8,198
    Century Next Bank 6 5.87% $9,851
    CORNERSTONE HOME LENDING, INC. 6 6.19% $11,947
    NATIONS RELIABLE LENDING, LLC 5 6.53% $11,535
    Barrington Bank & Trust Company, N.A. 5 6.95% $10,282
    NBKC BANK 5 5.80% $10,690
    Renasant Bank 5 6.53% $8,958
    BankPlus 5 6.28% $9,812
    LAND HOME FINANCIAL SERVICES, INC. 5 6.93% $13,005
    NEW DAY FINANCIAL, LLC 4 7.41% $4,126
    Merchants & Marine Bank 4 6.56% $8,422
    SFMC, LP 4 6.62% $10,720
    Magnolia Bank 4 6.56% $8,929
    THE MORTGAGE LINK, INC. 4 6.47% $15,835
    TOP FLITE FINANCIAL, INC. 4 6.69% $18,208
    BAY EQUITY LLC 4 5.94% $15,352
    U.S. Bank 4 6.72% $10,622
    NETWORK CAPITAL FUNDING CORPORATION 4 5.94% $11,482
    GSF Mortgage Corporation 3 7.41% $11,827
    BAYSHORE MORTGAGE FUNDING, LLC 3 7.21% $10,236
    First Federal Bank 3 6.21% $9,994
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 3 6.38% $11,818
    SENTE MORTGAGE, INC. 3 6.54% $16,601
    Trustmark National Bank 3 6.63% $5,042
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 3 6.13% $11,128
    SWBC MORTGAGE CORPORATION 3 6.29% $4,702
    Citizens Bank 3 6.50% $10,551
    ALLIED MORTGAGE GROUP, INC. 3 6.50% $5,845
    TIB The Independent Bankersbank 3 6.79% $8,352
    American Mortgage & Equity Consultants, Inc. 2 6.44% $12,859
    MEMBER FIRST MORTGAGE, LLC 2 6.13% $10,273
    PENTAGON FEDERAL CREDIT UNION 2 5.75% $13,743
    Gateway First Bank 2 6.25% $8,620
    BM Real Estate Services, Inc. 2 6.75% $15,290
    MORTGAGE ACCESS CORP. 2 6.19% $10,412
    BETTER MORTGAGE CORPORATION 2 5.75% $9,469
    Farmers Bank & Trust Company 2 6.25% $6,125
    NFM, INC. 2 6.94% $14,295
    EVERETT FINANCIAL, INC. 2 6.44% $14,471
    TruHome Solutions, LLC 2 6.56% $8,066
    Hamilton Mortgage Corporation 2 6.00% $16,235
    SOUTHPOINT FINANCIAL SERVICES, INC. 2 6.63% $7,000
    Northpointe Bank 2 5.63% $13,984
    PREMIER MORTGAGE RESOURCES, L.L.C. 2 6.75% $8,986
    MYCUMORTGAGE, LLC 2 6.25% $7,295
    Presidential Bank, FSB 2 6.69% $11,642
    MEMBER ADVANTAGE MORTGAGE, LLC 1 6.25% $9,967
    LENOX FINANCIAL MORTGAGE CORPORATION 1 5.75% $6,565
    LEGEND LENDING CORPORATION 1 6.63% $16,956
    Midwest Mortgage Associates Corporation 1 7.25% $6,553
    KINECTA 1 6.13% $9,761
    Ixonia Bank 1 6.63% $10,428
    HOMEXPRESS MORTGAGE CORP. 1 7.88% $7,483
    Home Mortgage Alliance Corp 1 6.99% $10,396
    M&T Bank 1 6.25% $5,428
    NATIONWIDE MORTGAGE BANKERS, INC. 1 7.25% $26,474
    GUARANTEED RATE AFFINITY, LLC 1 6.99% $12,285
    North American Savings Bank, F.S.B. 1 6.25% $5,909
    OCEANSIDE MORTGAGE COMPANY 1 6.25% $1,760
    Old National Bank 1 6.13% $4,900
    OPEN MORTGAGE, LLC 1 6.50% $13,692
    Grand Bank for Savings, FSB 1 6.13% $6,317
    PANORAMA MORTGAGE GROUP, LLC 1 7.25% $16,099
    PHH Mortgage Corporation 1 5.49% $7,627
    First Financial Bank 1 5.75% $8,597
    First Federal Bank, A FSB 1 6.00% $12,760
    PREMIA MORTGAGE, LLC 1 6.25% $8,993
    FIRST COLONY MORTGAGE CORPORATION 1 6.63% $10,990
    FirstBank 1 6.13% $10,646
    Fifth Third Bank 1 6.25% $4,871
    RANLIFE, INC. 1 7.00% $7,145
    EVANSVILLE TEACHERS 1 6.25% $6,781
    EMBRACE HOME LOANS, INC. 1 6.75% $6,785
    Elements Financial Federal Credit Union 1 7.25% $6,227
    Commerce Home Mortgage, Inc. 1 6.88% $9,545
    SeaTrust Mortgage Company 1 6.63% $8,466
    Servion, Inc. 1 5.63% $8,465
    ServisFirst Bank 1 5.63% $6,825
    SIRVA MORTGAGE, INC. 1 7.25% $11,449
    CITYWIDE HOME LOANS, LLC 1 5.88% $10,217
    CHURCHILL MORTGAGE CORPORATION 1 7.25% $13,457
    Chickasaw Community Bank 1 6.13% $7,673
    Centennial Bank 1 5.88% $12,710
    Sunflower Bank 1 6.63% $16,076
    CALCON MUTUAL MORTGAGE LLC 1 7.63% $11,122
    BECKAM FUNDING CORP. 1 7.75% $13,909
    Bank of America 1 6.75% $8,092
    VANDERBILT MORTGAGE AND FINANCE, INC. 1 6.25% $10,676
    Ameris Bank 1 6.25% $9,492
    Waterstone Mortgage Corporation 1 6.63% $8,971
    Willamette Valley Bank 1 7.75% $13,523

    The top Louisiana FHA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 1,327 FHA loans originated. Their average total fees are $11,274, which is $4,295 higher than the next largest lender, GMFS LLC.

    The lowest fee Louisiana FHA lenders (with over 10 loans originated) are VILLAGE CAPITAL MORTGAGE ($5,078), DSLD MORTGAGE, LLC ($5,499), Mortgage Research Center, LLC ($5,750), JPMorgan Chase Bank ($6,563) and Home Federal Bank ($6,600).

    The lowest rate Louisiana FHA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (4.78%), INSPIRE HOME LOANS INC. (5.01%), KEESLER (5.34%), DSLD MORTGAGE, LLC (5.88%) and PENNYMAC LOAN SERVICES, LLC (6.11%).

    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).