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 6.86% for the week of 2024-07-05, compared to the national average (all USDA variants) of 6.738% for the same period.

Louisiana's average USDA mortgage closing costs are $5,136.

The average rate for the prior week (2024-06-28) was 6.64% and one month ago for the week of 2024-05-31, the average rate was 6.8%.

The average rate one year ago was 6.79%.

For refis of the same type during the week of 2024-07-05, the average rate was 6.86%.

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%).