Fort Polk South USDA Loan Rates, Closing Costs & Stats
Fort Polk South, LA
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.
Fort Polk South's 10 lenders originated 17 USDA loans during 2024. The total origination value was $2,545,000, with an average USDA loan value of $149,706.
Fort Polk South USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Fort Polk South
averaged
6.68%
for the week of 2025-07-18, compared to the national average (all USDA variants) of
6.472% for the same period.
Fort Polk South's average USDA mortgage closing costs are $5,108.
The average rate for the prior week (2025-07-11) was
6.45% and
one month ago for the week of 2025-06-13, the
average rate was 6.6%.
The average rate one year ago was 6.65%.
For refis of the same type during the week of 2025-07-18, the average rate
was 6.43%.
Fort Polk South 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 Fort Polk South level.
| Name | # of Loans | 2024 Avg. 30yFix Rate | 2024 Avg. Closing Costs |
|---|---|---|---|
| Sabine State Bank and Trust Company | 4 | 6.75% | $6,078 |
| MORTGAGE FINANCIAL SERVICES, LLC | 3 | 6.12% | $8,942 |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | 2 | 7.00% | $4,932 |
| Equity Prime Mortgage LLC | 2 | 6.88% | $6,815 |
| SUCCESS MORTGAGE PARTNERS, INC. | 1 | 7.13% | $6,798 |
| Assurance Financial Group, L.L.C. | 1 | 6.75% | $6,461 |
| UNITED WHOLESALE MORTGAGE, LLC | 1 | 5.74% | $5,921 |
| FIDELITY BANK | 1 | 6.63% | $5,477 |
| GUILD MORTGAGE COMPANY | 1 | 6.63% | $6,325 |
| Magnolia Bank | 1 | 6.13% | $6,302 |
The top Fort Polk South USDA lender as defined by loan originations is Sabine State Bank and Trust Company, with
4 USDA loans originated. Their average total fees are
$6,078, which is $2,864
lower than the next largest lender,
MORTGAGE FINANCIAL SERVICES, LLC.
The lowest fee Fort Polk South USDA lenders (with over 10 loans originated) are
.
The lowest rate Fort Polk South USDA lenders (with over 10 loans originated) are
.