Louisiana Mortgage Calculator 2026

Calculate your monthly mortgage payment for a home in Louisiana (LA). The median home price in Louisiana is $249,000, with an effective property tax rate of 0.55% (ranked #41 nationally). Use our free calculator to compare FHA, VA, USDA, and conventional loan options with real Louisiana data.

Louisiana Property Tax Information

Louisiana has an effective property tax rate of 0.55%, ranking #41 among all 50 states. The median annual property tax is $1,146 ($96/month). Source: Tax Foundation 2025.

Louisiana Loan Limits 2026

FHA loan limit in Louisiana: $524,225 (floor) to $524,225 (ceiling for high-cost areas). Conforming loan limit: $806,500 (baseline) to $806,500 (ceiling).

Estimated Monthly Payment in Louisiana

For a median-priced home of $249,000 with 20% down ($49,800), at 6.5% interest over 30 years: estimated monthly principal and interest is $1,259, plus $96 in property taxes and approximately $125 in homeowner's insurance, for a total estimated payment of approximately $1,480/month.

Louisiana Closing Costs

Average closing costs in Louisiana are $3,513 (1.2% of purchase price), ranked #26 nationally. Louisiana does not charge a transfer tax. Source: Bankrate/LodeStar 2025.

Louisiana Housing Market 2026

Home prices in Louisiana have increased 2.8% year-over-year. Average days on market: 55. Inventory level: high. Currently considered a buyer's market.

Down Payment Assistance Programs in Louisiana

Louisiana offers 2 down payment assistance programs through Louisiana Housing Corporation (LHC):

  • Mortgage Revenue Bond (MRB) Program (forgivable loan): Soft second mortgage forgiven after 10 years. - Up to Up to 4% of loan amount
  • Market Rate GNMA Program (second mortgage): For buyers who don't meet MRB requirements. - Up to Competitive rates

Contact LHC: https://www.lhc.la.gov | Phone: 225-763-8700

Did You Know About Louisiana?

  • Louisiana has no transfer tax on real estate
  • Homestead exemption up to $75,000 of assessed value
  • Flood insurance required in many areas - budget accordingly
  • New Orleans has unique market dynamics and higher prices

Frequently Asked Questions About Buying a Home in Louisiana

What is the average property tax rate in Louisiana?

The effective property tax rate in Louisiana is 0.55%, with a median annual tax of $1,146. This ranks #41 among all states.

What are the FHA loan limits in Louisiana for 2026?

The FHA loan floor in Louisiana is $524,225 and the ceiling is $524,225 for high-cost areas. The conforming loan limit baseline is $806,500.

How much are closing costs in Louisiana?

Average closing costs in Louisiana are $3,513, which is approximately 1.2% of the purchase price.

Are there first-time homebuyer programs in Louisiana?

Yes, Louisiana offers 2 down payment assistance programs through Louisiana Housing Corporation, including grants, forgivable loans, and second mortgages.

Is Louisiana a good place to buy a home in 2026?

With a median home price of $249,000 and high inventory, Louisiana is currently a buyer's market. Home prices have increased 2.8% over the past year.

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Data last updated: 2025-11. This information is for educational purposes only and should not be considered financial advice.