Alexandria VA Loan Rates, Closing Costs & Stats

ALEXANDRIA, LA

A VA loan is a mortgage loan that’s backed by the Department of Veterans Affairs (VA) for those who have served or are presently serving in the U.S. military. The VA does not directly lend, it guarantees the loans made by private lenders to veterans, active military personnel, and qualifying military spouses.

The most obvious benefit of VA loans is that no downpayment is necessary to purchase a home. They will also typically have significantly lower fees-- meaning that if you're eligible to receive a VA loan, it will likely be the most favorable option. VA loans come in 3 varities: purchase, refinance and cash out refis.

For additional benefits of VA loans, click here.

Alexandria's 44 lenders originated 241 VA loans during 2024. The total origination value was $64,675,000, with an average VA loan value of $268,361.

Alexandria VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Alexandria averaged 0.24% for the week of 2025-06-20, compared to the national average (all VA variants) of 0% for the same period.

Alexandria's average VA mortgage closing costs are $5,074.

The average rate for the prior week (2025-06-13) was 6.59% and one month ago for the week of 2025-05-16, the average rate was 6.85%.

The average rate one year ago was 6.85%.

For refis of the same type during the week of 2025-06-20, the average rate was -0.07%.

Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

Alexandria VA Loan Lenders by Rates & Fees

The below table looks at the average fees/closing costs and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Alexandria level.

Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
Mortgage Research Center, LLC 39 6.50% $3,657
UNITED WHOLESALE MORTGAGE, LLC 33 5.91% $6,119
TOWNE MORTGAGE COMPANY 16 6.58% $6,529
Red River Bank 14 6.06% $5,303
FREEDOM MORTGAGE CORPORATION 12 6.45% $4,830
PENNYMAC LOAN SERVICES, LLC 10 5.60% $6,668
QUICKEN LOANS, LLC 9 6.23% $11,544
Equity Prime Mortgage LLC 8 6.67% $6,249
NAVY FEDERAL CREDIT UNION 8 5.98% $3,877
PRIMARY RESIDENTIAL MORTGAGE, INC. 7 6.84% $4,843
VILLAGE CAPITAL MORTGAGE 7 6.05% $4,262
GMFS LLC 6 6.35% $3,353
DHI MORTGAGE COMPANY, LTD. 6 5.16% $5,686
NEWREZ LLC 5 6.25% $3,578
GUILD MORTGAGE COMPANY 5 6.78% $8,031
Barrington Bank & Trust Company, N.A. 4 6.13% $4,379
NEW DAY FINANCIAL, LLC 4 7.55% $7,892
BROKER SOLUTIONS, INC. 3 6.54% $6,530
ARK-LA-TEX FINANCIAL SERVICES, LLC. 3 6.29% $4,575
MORTGAGE SOLUTIONS OF COLORADO, LLC 2 5.88% $3,655
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 6.87% $12,338
NBKC BANK 2 5.63% $5,557
PLANET HOME LENDING, LLC 2 6.12% $2,784
CLEARPATH LENDING 2 5.56% $3,569
The Federal Savings Bank 2 6.38% $17,883
AmeriHome Mortgage Company, LLC 2 6.06% $4,039
Mr. Cooper ( Nationstar Mortgage ) 1 6.50% $22,581
Carrington Mortgage Services, LLC 1 5.88% $10,006
Farmers Bank & Trust 1 5.50% $26,630
GUARANTEED RATE, INC. 1 7.13% $3,266
JPMorgan Chase Bank 1 6.25% $500
Lakeview Community Capital, LLC 1 6.25% $3,569
LAKEVIEW LOAN SERVICING, LLC 1 5.25% $5,467
LOANDEPOT.COM, LLC 1 3.00% $0
Magnolia Bank 1 6.63% $11,938
AMERICAN FINANCIAL RESOURCES, INC. 1 6.25% $3,926
PENTAGON FEDERAL CREDIT UNION 1 6.25% $4,595
PLAZA HOME MORTGAGE, INC. 1 6.25% $7,466
Regions Bank 1 6.25% $9,771
Stride Bank 1 6.63% $10,546
SUN WEST MORTGAGE COMPANY, INC. 1 5.88% $4,873
Texana Bank 1 7.63% $11,764
UNION HOME MORTGAGE CORP. 1 6.25% $3,773
USAA Federal Savings Bank 1 6.50% $3,409

The top Alexandria VA lender as defined by loan originations is Mortgage Research Center, LLC, with 39 VA loans originated. Their average total fees are $3,657, which is $2,462 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

The lowest fee Alexandria VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($3,657), FREEDOM MORTGAGE CORPORATION ($4,830), Red River Bank ($5,303), UNITED WHOLESALE MORTGAGE, LLC ($6,119) and TOWNE MORTGAGE COMPANY ($6,529).

The lowest rate Alexandria VA lenders (with over 10 loans originated) are PENNYMAC LOAN SERVICES, LLC (5.60%), UNITED WHOLESALE MORTGAGE, LLC (5.91%), Red River Bank (6.06%), FREEDOM MORTGAGE CORPORATION (6.45%) and Mortgage Research Center, LLC (6.50%).

VA Loan Features

  • No down payment required
  • Negotiable and competitive interest rate.
  • Ability to finance the VA funding fee (plus reduced funding fees with a down payment of at least 5 percent and exemption for veterans receiving VA compensation).
  • VA rules limit the amount you can be charged for closing costs.
  • Closing costs are comparable with other financing types (and may be lower).
  • Closing costs may be paid by the seller.
  • No private mortgage insurance premiums are required.
  • An assumable mortgage.
  • Right to prepay your mortgage without penalty.
  • For homes inspected by VA during construction, a warranty from builder and assistance from VA to obtain cooperation of builder.
  • VA assistance to veteran borrowers in default due to temporary financial difficulty.