Louisiana USDA Loan Rates, Closing Costs & Stats

Louisiana

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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.

    Louisiana USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Louisiana averaged -0.5% for the week of 2023-11-24, compared to the national average (all USDA variants) of 0% for the same period.

    Louisiana's average USDA mortgage closing costs are $5,025.

    The average rate for the prior week (2023-11-17) was 6.79% and one month ago for the week of 2023-10-20, the average rate was 6.91%.

    The average rate one year ago was 5.95%.

    For refis of the same type during the week of 2023-11-24, the average rate was -1.13%.

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

    Louisiana USDA Loan Lenders by Rates & Fees

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

    Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    GMFS LLC 590 4.65% $4,605
    EUSTIS AND AMERICAN MORTGAGE COMPANY 211 4.86% $7,009
    Assurance Financial Group, L.L.C. 208 4.81% $6,802
    HOME POINT FINANCIAL CORPORATION 186 4.39% $6,477
    UNITED WHOLESALE MORTGAGE, LLC 179 5.02% $7,253
    DSLD MORTGAGE, LLC 124 4.26% $4,443
    CARDINAL FINANCIAL 117 4.63% $7,009
    DHI MORTGAGE COMPANY, LTD. 92 4.11% $6,155
    CALIBER HOME LOANS, INC. 91 4.37% $6,512
    MOVEMENT MORTGAGE, LLC 87 4.79% $6,486
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 78 5.01% $6,596
    MID AMERICA MORTGAGE, INC. 77 4.81% $5,193
    MORTGAGE FINANCIAL SERVICES, LLC 73 4.34% $5,863
    FIDELITY BANK 73 4.71% $6,668
    Flagstar Bank, FSB 59 4.39% $5,782
    UNION HOME MORTGAGE CORP. 54 4.69% $6,818
    CMG MORTGAGE, INC. 50 4.09% $7,044
    Gateway First Bank 50 4.57% $5,543
    AMERICAN FINANCIAL RESOURCES, INC. 47 4.91% $6,718
    STANDARD MORTGAGE CORPORATION 47 4.34% $5,966
    GUILD MORTGAGE COMPANY 47 4.74% $7,006
    Sabine State Bank and Trust Company 46 4.87% $6,137
    Red River Bank 45 4.28% $4,932
    First Horizon Bank 42 4.54% $5,770
    Eagle Bank and Trust Company 40 4.85% $5,414
    Gulf Coast Bank and Trust Company 39 4.89% $6,312
    PRIMARY RESIDENTIAL MORTGAGE, INC. 37 5.04% $7,060
    NEWREZ LLC 34 4.39% $6,987
    Cross Keys Bank 32 4.39% $5,218
    CROSSCOUNTRY MORTGAGE, LLC 30 4.84% $8,065
    PLANET HOME LENDING, LLC 28 4.94% $7,745
    First Option Mortgage, LLC 28 5.05% $8,303
    PLAZA HOME MORTGAGE, INC. 25 5.01% $6,306
    Origin Bank 25 4.39% $5,870
    AMCAP MORTGAGE, LTD. 25 4.65% $8,530
    SOUTHWEST FUNDING, LP 25 4.95% $8,554
    Paramount Residential Mortgage Group, Inc. 23 4.60% $8,197
    PENNYMAC LOAN SERVICES, LLC 22 3.20% $5,476
    NTFN, INC. 22 4.91% $6,097
    Equity Prime Mortgage LLC 19 5.98% $6,764
    ANGEL OAK HOME LOANS LLC 17 4.51% $6,302
    Hancock Whitney Bank 17 4.38% $6,308
    GUARANTEED RATE, INC. 16 4.59% $7,357
    Citizens Bank 15 5.03% $5,085
    Hometown Equity Mortgage, LLC 15 3.91% $9,261
    DRAPER AND KRAMER MORTGAGE CORP. 14 4.78% $7,122
    LOANDEPOT.COM, LLC 14 4.62% $6,949
    ACADEMY MORTGAGE CORPORATION 13 5.20% $6,118
    LHM FINANCIAL CORPORATION 13 4.30% $6,560
    Network Funding, L.P. 13 4.66% $6,154
    Nations Lending Corporation 12 4.32% $5,587
    PRIMELENDING, A PLAINSCAPITAL COMPANY 12 5.31% $8,754
    CRESCENT MORTGAGE COMPANY 12 4.59% $5,424
    Austin Capital Bank SSB 12 4.70% $6,533
    Bank of England 11 4.48% $6,126
    AMERICAN PACIFIC MORTGAGE CORPORATION 11 6.47% $7,396
    Regions Bank 10 5.26% $5,652
    SUMMIT FUNDING, INC. 10 5.73% $9,068
    PERFORMANCE MORTGAGE LLC 10 5.36% $8,065
    Carrington Mortgage Services, LLC 9 4.81% $7,590
    Republic State Mortgage Co. 9 4.69% $8,181
    THE MORTGAGE FIRM, INC. 9 4.50% $5,974
    FBT Mortgage, L.L.C. 9 3.46% $5,945
    Plains Commerce Bank 9 4.90% $5,639
    Goldwater Bank, N.A. 8 4.72% $5,669
    Home Federal Bank 8 4.19% $4,651
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 8 4.77% $6,342
    BancorpSouth 7 5.18% $5,398
    T2 FINANCIAL LLC 7 4.45% $8,135
    HOMEBRIDGE FINANCIAL SERVICES, INC. 7 4.18% $8,340
    HOMESIDE FINANCIAL, LLC 7 5.45% $6,520
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 6 5.48% $6,205
    LEGEND LENDING CORPORATION 6 6.31% $9,184
    TJC Mortgage, Inc. 5 4.88% $7,678
    HOMESPIRE MORTGAGE CORPORATION 5 5.40% $8,237
    TIB The Independent Bankersbank 5 4.80% $4,984
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 5 4.85% $4,601
    GUARANTY HOME MORTGAGE CORPORATION 5 3.43% $7,233
    SECURITYNATIONAL MORTGAGE COMPANY 5 4.90% $9,684
    BAYSHORE MORTGAGE FUNDING, LLC 4 5.47% $9,405
    LEADERONE FINANCIAL CORPORATION 4 5.72% $5,765
    Renasant Bank 4 3.87% $9,185
    DAS Acquisition Company, LLC 4 5.00% $6,647
    MORTGAGE SOLUTIONS OF COLORADO, LLC 4 4.47% $7,967
    NFM, INC. 4 4.00% $7,881
    Shamrock Home Loans, Inc. 3 3.75% $5,880
    EVERETT FINANCIAL, INC. 3 4.63% $3,674
    Century Next Bank 3 4.50% $5,276
    OPEN MORTGAGE, LLC 3 5.67% $9,278
    PIERREMONT MORTGAGE, INC. 3 4.92% $3,380
    GENEVA FINANCIAL, LLC 2 4.81% $6,614
    BROKER SOLUTIONS, INC. 2 6.38% $7,751
    Wolfe Financial, Inc 2 4.81% $6,416
    NATIONS RELIABLE LENDING, LLC 2 5.38% $7,339
    EMM LOANS LLC 2 4.19% $8,068
    LAKEVIEW LOAN SERVICING, LLC 2 3.25% $3,225
    AmRes Corporation 2 4.06% $5,137
    INTERLINC MORTGAGE SERVICES, LLC 2 5.44% $4,064
    SUN WEST MORTGAGE COMPANY, INC. 2 3.19% $6,549
    SWBC MORTGAGE CORPORATION 2 5.25% $3,888
    THRIVE MORTGAGE, LLC 2 4.94% $6,883
    TOWNE MORTGAGE COMPANY 2 5.69% $5,799
    Trustmark National Bank 2 4.19% $5,410
    OCMBC, INC. 2 3.38% $10,211
    Loan Simple, Inc. 1 5.75% $6,152
    First Savings Bank 1 4.25% $5,758
    RESIDENTIAL BANCORP 1 5.75% $11,073
    LIBERTY HOME MORTGAGE CORPORATION 1 5.25% $3,980
    Wells Fargo Bank 1 5.38% $2,208
    FirstTrust Home Loans, Inc. 1 3.63% $6,307
    TOP FLITE FINANCIAL, INC. 1 4.25% $8,631
    Victorian Finance, LLC 1 5.75% $7,580
    Farmers Bank & Trust Company 1 6.75% $3,850
    NP, Inc. 1 5.49% $6,145
    GSF Mortgage Corporation 1 3.50% $7,565
    Home Bank 1 3.63% $3,100
    CERTAINTY HOME LOANS, LLC 1 6.25% $6,344
    Peoples Bank 1 5.63% $6,789
    First Guaranty Mortgage Corporation 1 4.75% $9,910
    FREEDOM MORTGAGE CORPORATION 1 6.38% $8,953
    AMERICAN MORTGAGE SERVICE COMPANY 1 5.63% $6,313
    BankPlus 1 5.25% $2,388
    CHURCHILL MORTGAGE CORPORATION 1 3.63% $2,803
    Mortgage Research Center, LLC 1 5.99% $3,114
    MIDLAND MORTGAGE CORPORATION 1 4.13% $7,755
    MICHIGAN MUTUAL, INC. 1 6.75% $6,048
    Magnolia Bank 1 3.88% $8,198
    RELIANCE FIRST CAPITAL, LLC 1 3.38% $3,390

    The top Louisiana USDA lender as defined by loan originations is GMFS LLC, with 590 USDA loans originated. Their average total fees are $4,605, which is $2,404 lower than the next largest lender, EUSTIS AND AMERICAN MORTGAGE COMPANY.

    The lowest fee Louisiana USDA lenders (with over 10 loans originated) are DSLD MORTGAGE, LLC ($4,443), GMFS LLC ($4,605), Red River Bank ($4,932), Citizens Bank ($5,085) and MID AMERICA MORTGAGE, INC. ($5,193).

    The lowest rate Louisiana USDA lenders (with over 10 loans originated) are PENNYMAC LOAN SERVICES, LLC (3.20%), Hometown Equity Mortgage, LLC (3.91%), CMG MORTGAGE, INC. (4.09%), DHI MORTGAGE COMPANY, LTD. (4.11%) and DSLD MORTGAGE, LLC (4.26%).