Alexandria VA Loan Rates, Closing Costs & Stats

ALEXANDRIA, LA

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    • 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.