Louisiana USDA Loan Rates, Closing Costs & Stats
Louisiana
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
-0.08%
for the week of 2024-11-29, compared to the national average (all USDA variants) of
0% for the same period.
Louisiana's average USDA mortgage closing costs are $5,136.
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 6.23%.
The average rate one year ago was 7.03%.
For refis of the same type during the week of 2024-11-29, the average rate
was 0.12%.
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 |
2023 Avg. 30yFix Rate |
2023 Avg. Closing Costs |
GMFS LLC
|
317
|
6.50%
|
$4,489
|
UNITED WHOLESALE MORTGAGE, LLC
|
192
|
6.24%
|
$8,320
|
Assurance Financial Group, L.L.C.
|
113
|
6.64%
|
$7,538
|
NEWREZ LLC
|
100
|
6.64%
|
$6,820
|
EUSTIS AND AMERICAN MORTGAGE COMPANY
|
97
|
6.70%
|
$7,069
|
DSLD MORTGAGE, LLC
|
80
|
6.08%
|
$3,551
|
DHI MORTGAGE COMPANY, LTD.
|
66
|
5.22%
|
$5,890
|
FAIRWAY INDEPENDENT MORTGAGE CORPORATION
|
59
|
6.64%
|
$7,155
|
MID AMERICA MORTGAGE, INC.
|
56
|
6.70%
|
$6,753
|
MOVEMENT MORTGAGE, LLC
|
50
|
6.48%
|
$7,464
|
CARDINAL FINANCIAL
|
50
|
6.63%
|
$6,982
|
UNION HOME MORTGAGE CORP.
|
47
|
6.51%
|
$6,566
|
FIDELITY BANK
|
45
|
6.62%
|
$7,071
|
CROSSCOUNTRY MORTGAGE, LLC
|
35
|
6.94%
|
$7,707
|
Sabine State Bank and Trust Company
|
33
|
6.63%
|
$6,395
|
Gulf Coast Bank and Trust Company
|
28
|
6.46%
|
$7,000
|
Equity Prime Mortgage LLC
|
27
|
6.94%
|
$7,642
|
Eagle Bank and Trust Company
|
26
|
6.63%
|
$6,036
|
Red River Bank
|
25
|
5.99%
|
$5,441
|
AMERICAN PACIFIC MORTGAGE CORPORATION
|
25
|
7.01%
|
$6,846
|
Origin Bank
|
24
|
6.40%
|
$5,402
|
AMERICAN FINANCIAL RESOURCES, INC.
|
22
|
6.52%
|
$7,609
|
PLANET HOME LENDING, LLC
|
20
|
6.49%
|
$5,957
|
First Horizon Bank
|
20
|
6.00%
|
$6,667
|
HOMESIDE FINANCIAL, LLC
|
20
|
6.70%
|
$7,489
|
PLAZA HOME MORTGAGE, INC.
|
19
|
6.31%
|
$9,335
|
MORTGAGE FINANCIAL SERVICES, LLC
|
17
|
6.40%
|
$6,149
|
PRIMARY RESIDENTIAL MORTGAGE, INC.
|
16
|
6.68%
|
$7,328
|
GUILD MORTGAGE COMPANY
|
15
|
6.75%
|
$7,457
|
STANDARD MORTGAGE CORPORATION
|
14
|
5.89%
|
$6,627
|
Regions Bank
|
13
|
5.93%
|
$7,119
|
Paramount Residential Mortgage Group, Inc.
|
13
|
6.63%
|
$9,788
|
Flagstar Bank, FSB
|
13
|
6.81%
|
$6,913
|
ARK-LA-TEX FINANCIAL SERVICES, LLC.
|
12
|
6.85%
|
$4,878
|
DRAPER AND KRAMER MORTGAGE CORP.
|
12
|
6.79%
|
$7,063
|
Citizens Bank
|
11
|
6.48%
|
$6,333
|
GUARANTEED RATE, INC.
|
11
|
6.67%
|
$7,282
|
SOUTHPOINT FINANCIAL SERVICES, INC.
|
10
|
6.30%
|
$2,730
|
FIRST COMMUNITY MORTGAGE, INC.
|
10
|
6.94%
|
$6,250
|
NTFN, INC.
|
9
|
6.38%
|
$6,940
|
LEGEND LENDING CORPORATION
|
9
|
6.50%
|
$11,796
|
Nations Lending Corporation
|
9
|
7.04%
|
$3,787
|
Hancock Whitney Bank
|
8
|
6.16%
|
$5,790
|
MORTGAGE SOLUTIONS OF COLORADO, LLC
|
8
|
7.17%
|
$7,528
|
AMCAP MORTGAGE, LTD.
|
7
|
6.50%
|
$10,255
|
T2 FINANCIAL LLC
|
6
|
6.77%
|
$8,072
|
Summit Mortgage Corporation
|
6
|
6.79%
|
$9,228
|
BROKER SOLUTIONS, INC.
|
5
|
6.75%
|
$10,385
|
Gateway First Bank
|
5
|
6.28%
|
$4,661
|
First Option Mortgage, LLC
|
5
|
6.85%
|
$7,502
|
SUMMIT FUNDING, INC.
|
5
|
6.30%
|
$13,470
|
CMG MORTGAGE, INC.
|
5
|
6.68%
|
$7,810
|
Chickasaw Community Bank
|
5
|
7.13%
|
$5,771
|
SUN WEST MORTGAGE COMPANY, INC.
|
5
|
5.83%
|
$7,156
|
PRIMELENDING, A PLAINSCAPITAL COMPANY
|
5
|
6.85%
|
$10,816
|
BancorpSouth
|
4
|
6.38%
|
$5,363
|
Bank of England
|
4
|
6.19%
|
$7,953
|
AMERICAN FINANCIAL NETWORK, INC.
|
4
|
6.44%
|
$7,385
|
LOANDEPOT.COM, LLC
|
4
|
6.25%
|
$8,795
|
Goldwater Bank, N.A.
|
4
|
6.91%
|
$7,765
|
MUTUAL OF OMAHA MORTGAGE, INC.
|
4
|
6.09%
|
$7,952
|
Network Funding, L.P.
|
3
|
6.58%
|
$6,747
|
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC
|
3
|
6.38%
|
$6,275
|
BankPlus
|
3
|
6.33%
|
$3,327
|
Century Mortgage Company DBA Century Lending Company
|
3
|
6.96%
|
$7,146
|
Cornerstone First Mortgage, Inc
|
3
|
6.46%
|
$10,948
|
Home Federal Bank
|
3
|
6.42%
|
$6,470
|
HOMESTAR FINANCIAL CORPORATION
|
3
|
7.17%
|
$2,571
|
Hometown Equity Mortgage, LLC
|
3
|
6.92%
|
$7,565
|
ACADEMY MORTGAGE CORPORATION
|
3
|
6.79%
|
$6,032
|
PANORAMA MORTGAGE GROUP, LLC
|
3
|
5.38%
|
$8,897
|
Plains Commerce Bank
|
3
|
6.67%
|
$6,246
|
Renasant Bank
|
3
|
6.88%
|
$4,895
|
TOWNE MORTGAGE COMPANY
|
3
|
7.54%
|
$7,868
|
Wolfe Financial, Inc
|
3
|
7.04%
|
$7,915
|
THE MORTGAGE FIRM, INC.
|
2
|
6.44%
|
$7,028
|
Century Next Bank
|
2
|
6.00%
|
$6,120
|
OPEN MORTGAGE, LLC
|
2
|
6.44%
|
$3,809
|
PIERREMONT MORTGAGE, INC.
|
2
|
6.00%
|
$4,151
|
CRESCENT MORTGAGE COMPANY
|
2
|
5.94%
|
$6,155
|
EVERETT FINANCIAL, INC.
|
2
|
7.05%
|
$8,241
|
Republic State Mortgage Co.
|
1
|
7.25%
|
$6,759
|
RESIDENTIAL BANCORP
|
1
|
7.13%
|
$6,211
|
ROYAL UNITED MORTGAGE LLC
|
1
|
6.63%
|
$7,067
|
FREEDOM MORTGAGE CORPORATION
|
1
|
6.75%
|
$10,559
|
SECURITYNATIONAL MORTGAGE COMPANY
|
1
|
5.63%
|
$13,194
|
FirstTrust Home Loans, Inc.
|
1
|
5.75%
|
$9,821
|
STOCKTON MORTGAGE CORPORATION
|
1
|
6.50%
|
$5,033
|
CHURCHILL MORTGAGE CORPORATION
|
1
|
7.13%
|
$7,951
|
SWBC MORTGAGE CORPORATION
|
1
|
7.63%
|
$7,476
|
BAYSHORE MORTGAGE FUNDING, LLC
|
1
|
6.63%
|
$7,589
|
TIB The Independent Bankersbank
|
1
|
5.88%
|
$5,752
|
V.I.P. MORTGAGE, INC.
|
1
|
6.63%
|
$6,031
|
BAY EQUITY LLC
|
1
|
6.75%
|
$4,792
|
AmRes Corporation
|
1
|
6.25%
|
$13,807
|
U.S. Bank
|
1
|
6.25%
|
$7,567
|
US MORTGAGE CORPORATION
|
1
|
6.50%
|
$10,350
|
INTERLINC MORTGAGE SERVICES, LLC
|
1
|
6.25%
|
$3,053
|
LAND HOME FINANCIAL SERVICES, INC.
|
1
|
6.75%
|
$5,594
|
INSPIRE HOME LOANS INC.
|
1
|
6.13%
|
$6,204
|
HOMESPIRE MORTGAGE CORPORATION
|
1
|
6.50%
|
$2,378
|
Home Bank
|
1
|
6.88%
|
$5,942
|
GENEVA FINANCIAL, LLC
|
1
|
6.63%
|
$7,009
|
Victorian Finance, LLC
|
1
|
7.75%
|
$7,977
|
The top Louisiana USDA lender as defined by loan originations is GMFS LLC, with
317 USDA loans originated. Their average total fees are
$4,489, which is $3,831
lower than the next largest lender,
UNITED WHOLESALE MORTGAGE, LLC.
The lowest fee Louisiana USDA lenders (with over 10 loans originated) are
SOUTHPOINT FINANCIAL SERVICES, INC. ($2,730), DSLD MORTGAGE, LLC ($3,551), GMFS LLC ($4,489), ARK-LA-TEX FINANCIAL SERVICES, LLC. ($4,878) and Origin Bank ($5,402).
The lowest rate Louisiana USDA lenders (with over 10 loans originated) are
DHI MORTGAGE COMPANY, LTD. (5.22%), STANDARD MORTGAGE CORPORATION (5.89%), Regions Bank (5.93%), Red River Bank (5.99%) and First Horizon Bank (6.00%).