Baton Rouge VA Loans

BATON ROUGE, 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.

    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 6.13% for the week of 2022-09-23, compared to the national average (all VA variants) of 5.992% for the same period.

    The average rate for the prior week (2022-09-16) was 5.89% and one month ago for the week of 2022-08-19, the average rate was 5.64%.

    The average rate one year ago was 3.05%.

    For refis of the same type during the week of 2022-09-23, the average rate was 6.33%.

    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 MORTGAGE 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 MORTGAGE ($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 MORTGAGE (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
    2022-05-01 $335,995 (6.4%) $487,577 (13.5%) 0.75 1,213
    2022-06-01 $336,995 (8.7%) $474,160 (10.4%) 0.75 1,405
    2022-07-01 $329,900 (7.5%) $431,877 (2.5%) 0.73 1,703
    2022-08-01 $327,450 (9.2%) $428,868 (1.0%) 0.75 1,871
    Baton Rouge's median listing price for 2022-08-01 was $327,450, a difference of $27,450 (9.2%) versus the prior year and $-2,450 versus the prior month.

    Baton Rouge's median listing price comes in at 75% of the national average.

    Baton Rouge's average listing price for 2022-08-01 was $428,868, a difference of $4,277 (1.0%) versus the prior year and $-3,009 versus the prior month.

    For the 2022-08-01 period, Baton Rouge had 1,871 MLS listings, a difference of 168 listings (10%) versus the prior month and 250 listings (15%) 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
    2022-05-01 39 days 2,069 sqft
    2022-06-01 39 days 2,062 sqft
    2022-07-01 39 days 2,020 sqft
    2022-08-01 50 days 2,018 sqft
    Baton Rouge's median listing age (time on market) for 2022-08-01 was 50 days. This is -3% shorter than the same period one year ago.

    Baton Rouge's median square footage for active listings during the 2022-08-01 period was 2,018 sqft. One year prior, the average listing was 2,039 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.