Compare Shreveport, LA mortgage rates and fees from top lenders. Review free, personalized mortgage rates based on your specifc loan amount, program and other factors. Easily compare APRs, closing costs and monthly payments to find the lowest mortgage rates in Shreveport.
We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Shreveport. Plus, shopping lenders is free and there is no obligation.
February 9, 2023
Below we provide helpful information on the real estate market, home prices and housing affordability in Shreveport. Understand how much you need to earn to afford a home in Shreveport, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Shreveport fits your budget. This information is based on proprietary analysis you can only find on FREEandCLEAR and we offer it to help you decide if living in Shreveport is right for you.
The median home value for Shreveport, LA (Caddo County) is $174,091
Based on current mortgage rates and a 10% down payment, you need to make $28,524 per year to buy the median priced home in Shreveport
With this income, you could qualify for a $156,682 mortgage, assuming your monthly debt expense is reasonable
Based on this loan amount, the monthly mortgage payment required to buy the median priced home in Shreveport is $661
The median household income for Shreveport, LA (Caddo County) is $49,220
Based on this income, you can afford a home valued at approximately $300,402
The home price you can afford to buy based on household income in Shreveport is 173% of the median home value which means housing prices are average. Shreveport (Caddo County) ranks 52 out of 64 counties in Louisiana and 2,257 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Shreveport, LA is average
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Shreveport (Caddo County) below.
Conforming loan limits for Shreveport, LA
FHA loan limits for Shreveport, LA
VA loan limits for Shreveport, LA