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Shreveport

Current Mortgage Rates in Shreveport, Louisiana

Compare mortgage rates and fees for leading lenders in Shreveport, LA. 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 lender offering the best 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.

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Mortgage Rates in Shreveport, LA as of April 3, 2020
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Data provided by Informa Research Services. Payments do not include amounts for taxes and insurance premiums. Click for more information on rates and product details.
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How Do Today's Shreveport, LA Mortgage Rates Compare?

April 3, 2020

The current average rate for a 30 year fixed rate mortgage in Shreveport is A.AAA%, the rate for a 15 year fixed rate mortgage is B.BBB% and the rate for a 5/1 adjustable rate mortgage (ARM) is C.CCC%

Mortgage Program
Today's
Shreveport, LA Rates
National
Average
Comparison
30 Year Fixed Rate
A.AAA%
3.650%
15 Year Fixed Rate
B.BBB%
3.090%
5/1 Adjustable Rate Mortgage
C.CCC%
3.390%

How Affordable is Housing in Shreveport, Louisiana?

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 $151,793

Based on current mortgage rates and a 10% down payment, you need to make $27,319 per year to buy the median priced home in Shreveport

With this income, you could qualify for a $136,614 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 $633

The median household income for Shreveport, LA (Caddo County) is $42,598

Based on this income, you can afford a home valued at approximately $236,690

The home price you can afford to buy based on household income in Shreveport is 156% of the median home value which means housing prices are average. Shreveport (Caddo County) ranks 57 out of 64 counties in Louisiana and 2,432 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

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Loan Limits for Shreveport, Louisiana

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

1 unit: $510,400
2 units: $653,550
3 units: $789,950
4 units: $981,700

FHA loan limits for Shreveport, LA

1 unit: $331,760
2 units: $424,800
3 units: $513,450
4 units: $638,100

VA loan limits for Shreveport, LA

1 unit: $510,400

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