Baton Rouge VA Loans

BATON ROUGE, 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 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.

Baton Rouge's 118 lenders originated 2,229 VA loans during 2021. The total origination value was $577,135,000, with an average VA loan value of $258,921.

Baton Rouge VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Baton Rouge averaged 5.48% for the week of 2022-05-20, compared to the national average (all VA variants) of 5.143% for the same period.

The average rate for the prior week (2022-05-13) was 5.39% and one month ago for the week of 2022-04-15, the average rate was 4.95%.

The average rate one year ago was 3.15%.

For refis of the same type during the week of 2022-05-20, the average rate was 5.28%.

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

Baton Rouge VA Loan Lenders by Rates & Fees

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

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
Mortgage Research Center, LLC 196 2.92% $5,903
GMFS LLC 186 2.80% $3,894
FREEDOM MORTGAGE CORPORATION 168 2.48% $2,889
QUICKEN LOANS, LLC 154 2.46% $5,032
PENNYMAC LOAN SERVICES, LLC 70 2.40% $5,722
Assurance Financial Group, L.L.C. 60 2.81% $5,632
UNITED WHOLESALE MORTGAGE, LLC 56 2.60% $4,291
USAA Federal Savings Bank 55 2.84% $4,768
HOME POINT FINANCIAL CORPORATION 55 2.52% $6,980
NEW DAY FINANCIAL, LLC 49 2.74% $6,429
DHI MORTGAGE COMPANY, LTD. 48 2.72% $7,225
NAVY FEDERAL CREDIT UNION 42 2.50% $6,219
VILLAGE CAPITAL & INVESTMENT LLC 42 2.34% $3,769
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 41 2.94% $7,021
LOANDEPOT.COM, LLC 40 2.60% $5,687
LAKEVIEW LOAN SERVICING, LLC 38 2.43% $2,541
EUSTIS AND AMERICAN MORTGAGE COMPANY 37 2.89% $8,507
DSLD MORTGAGE, LLC 33 2.68% $3,960
MOVEMENT MORTGAGE, LLC 33 3.01% $5,683
CALIBER HOME LOANS, INC. 28 2.72% $6,024
CLEARPATH LENDING 24 2.32% $4,587
Mr. Cooper ( Nationstar Mortgage ) 21 2.83% $3,882
The Federal Savings Bank 20 2.62% $7,151
Barrington Bank & Trust Company, N.A. 20 2.67% $4,713
Wells Fargo Bank 19 2.51% $4,665
AMERICAN FINANCIAL NETWORK, INC. 17 2.78% $8,498
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 16 3.06% $4,687
NEWREZ LLC 16 2.77% $4,547
HOMEBRIDGE FINANCIAL SERVICES, INC. 15 2.51% $6,651
PRIMARY RESIDENTIAL MORTGAGE, INC. 15 3.49% $6,186
MID AMERICA MORTGAGE, INC. 14 3.21% $3,839
Low VA Rates, LLC 12 2.31% $6,559
Flagstar Bank, FSB 11 2.85% $6,625
Gateway First Bank 10 2.93% $4,446
AMCAP MORTGAGE, LTD. 10 3.24% $7,778
ACCELERATE MORTGAGE, LLC 10 2.26% $6,220
Hancock Whitney Bank 10 2.54% $5,095
Lakeview Community Capital, LLC 10 2.69% $2,037
AMERISAVE MORTGAGE CORPORATION 9 2.58% $6,772
SUMMIT FUNDING, INC. 8 3.17% $7,163
Red River Bank 8 2.53% $7,248
FIDELITY BANK 8 2.92% $6,202
Nations Lending Corporation 7 3.29% $7,163
UNION HOME MORTGAGE CORP. 7 2.61% $6,097
Carrington Mortgage Services, LLC 7 3.30% $7,011
First Option Mortgage, LLC 7 3.05% $8,214
CROSSCOUNTRY MORTGAGE, LLC 7 2.75% $7,598
MORTGAGE FINANCIAL SERVICES, LLC 6 2.65% $10,785
PLANET HOME LENDING, LLC 6 2.60% $2,769
Hometown Equity Mortgage, LLC 6 3.19% $12,314
EMM LOANS LLC 6 3.13% $8,643
Mid-Continent Funding, Inc. 5 2.65% $7,474
North American Savings Bank, F.S.B. 5 2.35% $2,759
GUILD MORTGAGE COMPANY 5 3.50% $9,822
NP, Inc. 5 2.33% $4,442
SUN WEST MORTGAGE COMPANY, INC. 5 2.35% $4,344
First Horizon Bank 4 2.53% $5,880
STANDARD MORTGAGE CORPORATION 4 2.66% $6,173
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 4 2.97% $6,549
AMERICAN FINANCING CORPORATION 4 2.50% $8,327
PRIMELENDING, A PLAINSCAPITAL COMPANY 4 3.28% $3,054
Gulf Coast Bank and Trust Company 4 2.75% $6,900
BROKER SOLUTIONS, INC. 3 2.67% $3,535
Network Funding, L.P. 3 2.92% $4,214
PENTAGON FEDERAL CREDIT UNION 3 2.46% $459
MUTUAL OF OMAHA MORTGAGE, INC. 3 2.46% $3,532
Magnolia Bank 3 2.50% $12,843
InterContinental Capital Group, Inc 3 2.25% $3,725
AMERICAN FINANCIAL RESOURCES, INC. 3 3.83% $1,872
SOUTHWEST FUNDING, LP 2 3.56% $11,748
CALCON MUTUAL MORTGAGE LLC 2 4.00% $4,803
CMG MORTGAGE, INC. 2 2.75% $3,789
Community First National Bank 2 2.75% $6,628
EMBRACE HOME LOANS, INC. 2 2.38% $3,119
Equity Prime Mortgage LLC 2 3.19% $38,847
First Federal Bank 2 2.50% $6,241
First Guaranty Mortgage Corporation 2 2.50% $3,123
Goldwater Bank, N.A. 2 2.69% $2,636
Home Mortgage Alliance Corp 2 3.00% $6,691
INTERCAP LENDING INC. 2 2.25% $3,016
LHM FINANCIAL CORPORATION 2 2.75% $8,576
NBKC BANK 2 2.25% $2,895
NETWORK CAPITAL FUNDING CORPORATION 2 3.06% $1,664
Prime Choice Funding Inc. 2 2.25% $1,283
Republic State Mortgage Co. 2 2.75% $8,714
UNITED SECURITY FINANCIAL CORP 2 2.50% $4,588
OCMBC, INC. 1 3.24% $3,838
Paramount Residential Mortgage Group, Inc. 1 2.63% $12,220
KELLER MORTGAGE, LLC 1 2.50% $24,772
KEESLER 1 3.00% $3,476
PERFORMANCE MORTGAGE LLC 1 3.00% $4,465
INTERLINC MORTGAGE SERVICES, LLC 1 3.63% $3,823
PLAZA HOME MORTGAGE, INC. 1 2.63% $2,529
PREMIA MORTGAGE, LLC 1 2.38% $11,332
Presidential Bank, FSB 1 3.25% $4,028
HOMESIDE FINANCIAL, LLC 1 2.38% $2,429
AMERICAN PACIFIC MORTGAGE CORPORATION 1 2.88% $2,163
GUARANTEED RATE, INC. 1 2.50% $2,318
GUARANTEED RATE AFFINITY, LLC 1 2.63% $13,916
First Midwest Bank 1 2.25% $1,944
Regions Bank 1 2.88% $5,073
RELIANCE FIRST CAPITAL, LLC 1 2.88% $3,427
Wyndham Capital Mortgage, Inc. 1 2.38% $11,048
First Federal Bank of Kansas City 1 2.25% $4,309
FINANCE OF AMERICA MORTGAGE LLC 1 2.75% $7,651
FBT Mortgage, L.L.C. 1 2.25% $13,223
CRESCENT MORTGAGE COMPANY 1 2.38% $2,841
Colonial Savings, F.A. 1 3.13% $3,036
THE MORTGAGE FIRM, INC. 1 3.00% $4,483
BNC National Bank 1 2.50% $7,546
ZILLOW HOME LOANS, LLC 1 2.25% $8,023
BARKSDALE 1 2.50% $6,188
ANGEL OAK HOME LOANS LLC 1 2.50% $9,156
US MORTGAGE CORPORATION 1 3.00% $4,333
AmeriHome Mortgage Company, LLC 1 2.99% $2,086
Northpointe Bank 1 2.88% $8,560
Manufacturers and Traders Trust Company 1 3.13% $1,766
NTFN, INC. 1 3.13% $12,736

The top Baton Rouge VA lender as defined by loan originations is Mortgage Research Center, LLC, with 196 VA loans originated. Their average total fees are $5,903, which is $2,009 higher than the next largest lender, GMFS LLC.

The lowest fee Baton Rouge VA lenders (with over 10 loans originated) are Lakeview Community Capital, LLC ($2,037), LAKEVIEW LOAN SERVICING, LLC ($2,541), FREEDOM MORTGAGE CORPORATION ($2,889), VILLAGE CAPITAL & INVESTMENT LLC ($3,769) and MID AMERICA MORTGAGE, INC. ($3,839).

The lowest rate Baton Rouge VA lenders (with over 10 loans originated) are ACCELERATE MORTGAGE, LLC (2.26%), Low VA Rates, LLC (2.31%), CLEARPATH LENDING (2.32%), VILLAGE CAPITAL & INVESTMENT LLC (2.34%) and PENNYMAC LOAN SERVICES, LLC (2.40%).


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Baton Rouge (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
2018-01-01 $225,000 (2.5%) $302,277 (2.3%) 0.83 3,180
2018-02-01 $227,750 (5.0%) $304,126 (2.9%) 0.82 3,197
2018-03-01 $234,900 (5.2%) $311,120 (2.8%) 0.81 3,441
2018-04-01 $238,250 (5.9%) $314,800 (2.4%) 0.80 3,538
2018-05-01 $242,650 (5.6%) $316,407 (1.1%) 0.81 3,688
2018-06-01 $245,900 (7.2%) $316,593 (2.0%) 0.82 3,924
2018-07-01 $239,950 (4.8%) $311,189 (1.1%) 0.80 4,047
2018-08-01 $239,900 (5.2%) $309,527 (1.9%) 0.80 4,103
2018-09-01 $240,000 (5.7%) $307,907 (1.6%) 0.80 4,091
2018-10-01 $239,000 (4.4%) $304,914 (0.5%) 0.80 4,151
2018-11-01 $239,250 (4.6%) $303,635 (-0.2%) 0.80 4,135
2018-12-01 $238,000 (5.8%) $300,567 (-0.8%) 0.82 4,067
2019-01-01 $239,900 (6.6%) $304,507 (0.7%) 0.83 3,890
2019-02-01 $239,900 (5.3%) $303,373 (-0.3%) 0.80 3,989
2019-03-01 $242,229 (3.1%) $309,144 (-0.6%) 0.79 4,051
2019-04-01 $247,250 (3.8%) $315,688 (0.3%) 0.78 4,129
2019-05-01 $249,950 (3.0%) $318,361 (0.6%) 0.77 4,159
2019-06-01 $250,000 (1.7%) $318,146 (0.5%) 0.77 4,232
2019-07-01 $248,950 (3.8%) $314,435 (1.0%) 0.77 4,305
2019-08-01 $246,243 (2.6%) $312,283 (0.9%) 0.77 4,312
2019-09-01 $241,950 (0.8%) $307,543 (-0.1%) 0.77 4,260
2019-10-01 $244,800 (2.4%) $310,095 (1.7%) 0.78 4,268
2019-11-01 $242,900 (1.5%) $309,628 (2.0%) 0.78 4,228
2019-12-01 $240,818 (1.2%) $306,938 (2.1%) 0.80 4,034
2020-01-01 $239,900 (0.0%) $309,020 (1.5%) 0.80 3,838
2020-02-01 $245,000 (2.1%) $312,064 (2.9%) 0.79 3,847
2020-03-01 $249,900 (3.2%) $318,412 (3.0%) 0.78 3,848
2020-04-01 $248,950 (0.7%) $316,459 (0.2%) 0.78 3,836
2020-05-01 $255,000 (2.0%) $326,806 (2.7%) 0.77 3,669
2020-06-01 $263,650 (5.5%) $339,774 (6.8%) 0.77 3,385
2020-07-01 $265,000 (6.5%) $341,611 (8.6%) 0.76 3,274
2020-08-01 $269,900 (9.6%) $351,149 (12.5%) 0.77 3,021
2020-09-01 $278,950 (15.3%) $359,021 (16.7%) 0.80 2,840
2020-10-01 $276,060 (12.8%) $360,312 (16.2%) 0.79 2,613
2020-11-01 $275,000 (13.2%) $361,528 (16.8%) 0.79 2,547
2020-12-01 $274,950 (14.2%) $364,635 (18.8%) 0.81 2,471
2021-01-01 $274,900 (14.6%) $372,793 (20.6%) 0.81 2,260
2021-02-01 $284,100 (16.0%) $388,021 (24.3%) 0.82 1,957
2021-03-01 $292,400 (17.0%) $396,656 (24.6%) 0.82 1,774
2021-04-01 $302,650 (21.6%) $416,833 (31.7%) 0.81 1,629
2021-05-01 $315,750 (23.8%) $429,530 (31.4%) 0.83 1,529
2021-06-01 $310,000 (17.6%) $429,438 (26.4%) 0.81 1,545
2021-07-01 $306,855 (15.8%) $421,520 (23.4%) 0.80 1,628
2021-08-01 $300,000 (11.2%) $424,591 (20.9%) 0.79 1,621
2021-09-01 $302,255 (8.4%) $442,395 (23.2%) 0.80 1,539
2021-10-01 $300,000 (8.7%) $440,755 (22.3%) 0.79 1,470
2021-11-01 $317,995 (15.6%) $439,141 (21.5%) 0.84 1,351
2021-12-01 $329,950 (20.0%) $450,934 (23.7%) 0.88 1,217
2022-01-01 $335,000 (21.9%) $456,824 (22.5%) 0.89 1,092
2022-02-01 $341,775 (20.3%) $494,095 (27.3%) 0.87 1,001
2022-03-01 $349,500 (19.5%) $510,185 (28.6%) 0.86 979
2022-04-01 $349,999 (15.6%) $513,007 (23.1%) 0.82 1,027
Baton Rouge's median listing price for 2022-04-01 was $349,999, a difference of $47,349 (15.6%) versus the prior year and $499 versus the prior month.

Baton Rouge's median listing price comes in at 82% of the national average.

Baton Rouge's average listing price for 2022-04-01 was $513,007, a difference of $96,174 (23.1%) versus the prior year and $2,822 versus the prior month.

For the 2022-04-01 period, Baton Rouge had 1,027 MLS listings, a difference of 48 listings (5%) versus the prior month and -602 listings (-37%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Baton Rouge (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 88 days 1,881 sqft
2018-02-01 87 days 1,877 sqft
2018-03-01 64 days 1,908 sqft
2018-04-01 60 days 1,944 sqft
2018-05-01 64 days 1,952 sqft
2018-06-01 64 days 1,970 sqft
2018-07-01 66 days 1,960 sqft
2018-08-01 72 days 1,957 sqft
2018-09-01 77 days 1,950 sqft
2018-10-01 81 days 1,938 sqft
2018-11-01 87 days 1,933 sqft
2018-12-01 92 days 1,913 sqft
2019-01-01 98 days 1,919 sqft
2019-02-01 92 days 1,917 sqft
2019-03-01 77 days 1,932 sqft
2019-04-01 69 days 1,948 sqft
2019-05-01 71 days 1,973 sqft
2019-06-01 74 days 1,973 sqft
2019-07-01 78 days 1,939 sqft
2019-08-01 77 days 1,921 sqft
2019-09-01 78 days 1,905 sqft
2019-10-01 84 days 1,917 sqft
2019-11-01 91 days 1,912 sqft
2019-12-01 101 days 1,903 sqft
2020-01-01 105 days 1,885 sqft
2020-02-01 96 days 1,915 sqft
2020-03-01 81 days 1,926 sqft
2020-04-01 81 days 1,915 sqft
2020-05-01 91 days 1,950 sqft
2020-06-01 94 days 1,990 sqft
2020-07-01 80 days 1,998 sqft
2020-08-01 77 days 2,012 sqft
2020-09-01 80 days 2,053 sqft
2020-10-01 81 days 2,015 sqft
2020-11-01 81 days 2,012 sqft
2020-12-01 80 days 1,997 sqft
2021-01-01 87 days 1,981 sqft
2021-02-01 86 days 2,013 sqft
2021-03-01 67 days 2,016 sqft
2021-04-01 65 days 2,054 sqft
2021-05-01 58 days 2,071 sqft
2021-06-01 53 days 2,050 sqft
2021-07-01 49 days 2,052 sqft
2021-08-01 51 days 2,039 sqft
2021-09-01 64 days 2,033 sqft
2021-10-01 67 days 2,019 sqft
2021-11-01 67 days 2,062 sqft
2021-12-01 72 days 2,079 sqft
2022-01-01 78 days 2,079 sqft
2022-02-01 72 days 2,090 sqft
2022-03-01 54 days 2,127 sqft
2022-04-01 43 days 2,100 sqft
Baton Rouge's median listing age (time on market) for 2022-04-01 was 43 days. This is -33% shorter than the same period one year ago.

Baton Rouge's median square footage for active listings during the 2022-04-01 period was 2,100 sqft. One year prior, the average listing was 2,054 sqft.

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.