Louisiana FHA Loan Rates, Closing Costs & Stats
Louisiana
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
-0.26%
for the week of 2024-11-29, compared to the national average (all FHA variants) of
0% for the same period.
Louisiana's average FHA mortgage closing costs are $7,328.
The average rate for the prior week (2024-11-22) was
6.53% and
one month ago for the week of 2024-10-25, the
average rate was 6.31%.
The average rate one year ago was 6.9%.
For refis of the same type during the week of 2024-11-29, the average rate
was 0.03%.
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.
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 |