Bogalusa VA Loan Rates, Closing Costs & Stats

Bogalusa, 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.

    Bogalusa's 15 lenders originated 33 VA loans during 2023. The total origination value was $6,545,000, with an average VA loan value of $198,333.

    Bogalusa VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Bogalusa averaged 7.26% for the week of 2024-04-19, compared to the national average (all VA variants) of 6.758% for the same period.

    Bogalusa's average VA mortgage closing costs are $5,209.

    The average rate for the prior week (2024-04-12) was 6.89% and one month ago for the week of 2024-03-15, the average rate was 6.85%.

    The average rate one year ago was 6.24%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.76%.

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

    Bogalusa 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 Bogalusa level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    NEWREZ LLC 7 6.95% $6,234
    Mortgage Research Center, LLC 6 7.04% $2,535
    QUICKEN LOANS, LLC 4 5.75% $5,655
    MOVEMENT MORTGAGE, LLC 2 6.44% $3,924
    GMFS LLC 2 6.25% $11,742
    MID AMERICA MORTGAGE, INC. 1 6.50% $7,806
    NETWORK CAPITAL FUNDING CORPORATION 1 5.13% $8,252
    NEW DAY FINANCIAL, LLC 1 7.38% $5,016
    The Federal Savings Bank 1 6.75% $693
    BankPlus 1 7.13% $2,970
    UNITED WHOLESALE MORTGAGE, LLC 1 6.49% $2,236
    BROKER SOLUTIONS, INC. 1 6.75% $7,817
    Fidelity Bank 1 6.25% $12,545
    FIDELITY BANK 1 5.91% $465
    MEMBER FIRST MORTGAGE, LLC 1 5.38% $13,481

    The top Bogalusa VA lender as defined by loan originations is NEWREZ LLC, with 7 VA loans originated. Their average total fees are $6,234, which is $3,699 higher than the next largest lender, Mortgage Research Center, LLC.

    The lowest fee Bogalusa VA lenders (with over 10 loans originated) are .

    The lowest rate Bogalusa VA lenders (with over 10 loans originated) are .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Bogalusa (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 $151,905 (-1.2%) $246,158 (4.7%) 0.00 122
    2018-02-01 $149,835 (5.0%) $251,345 (11.0%) 0.00 113
    2018-03-01 $149,900 (7.1%) $249,910 (10.1%) 0.00 119
    2018-04-01 $152,825 (17.6%) $248,889 (8.7%) 0.00 123
    2018-05-01 $154,665 (10.5%) $248,325 (2.1%) 0.00 128
    2018-06-01 $162,450 (8.3%) $249,617 (-2.0%) 0.00 123
    2018-07-01 $162,500 (9.1%) $252,208 (5.0%) 0.00 124
    2018-08-01 $169,900 (17.3%) $254,821 (9.1%) 0.00 117
    2018-09-01 $165,000 (11.9%) $228,149 (-3.6%) 0.00 121
    2018-10-01 $160,315 (9.1%) $318,152 (36.8%) 0.00 120
    2018-11-01 $160,858 (8.7%) $331,648 (38.4%) 0.00 118
    2018-12-01 $149,900 (-1.4%) $343,483 (42.3%) 0.00 120
    2019-01-01 $149,900 (-1.3%) $323,370 (31.4%) 0.00 128
    2019-02-01 $149,900 (0.0%) $328,474 (30.7%) 0.00 127
    2019-03-01 $158,471 (5.7%) $330,272 (32.2%) 0.00 121
    2019-04-01 $166,021 (8.6%) $323,000 (29.8%) 0.00 120
    2019-05-01 $159,225 (3.0%) $302,529 (21.8%) 0.00 124
    2019-06-01 $162,500 (0.0%) $311,362 (24.7%) 0.00 123
    2019-07-01 $168,150 (3.5%) $322,426 (27.8%) 0.00 116
    2019-08-01 $168,277 (-1.0%) $319,152 (25.3%) 0.00 119
    2019-09-01 $168,467 (2.1%) $317,731 (39.3%) 0.00 124
    2019-10-01 $164,286 (2.5%) $292,712 (-8.0%) 0.00 128
    2019-11-01 $164,300 (2.1%) $228,747 (-31.0%) 0.00 116
    2019-12-01 $160,000 (6.7%) $233,126 (-32.1%) 0.00 107
    2020-01-01 $158,750 (5.9%) $241,398 (-25.4%) 0.00 93
    2020-02-01 $160,000 (6.7%) $243,824 (-25.8%) 0.00 95
    2020-03-01 $172,697 (9.0%) $237,894 (-28.0%) 0.00 111
    2020-04-01 $167,798 (1.1%) $235,228 (-27.2%) 0.00 111
    2020-05-01 $162,076 (1.8%) $228,166 (-24.6%) 0.00 104
    2020-06-01 $165,000 (1.5%) $235,780 (-24.3%) 0.00 94
    2020-07-01 $175,825 (4.6%) $245,850 (-23.8%) 0.00 84
    2020-08-01 $176,453 (4.9%) $241,656 (-24.3%) 0.00 83
    2020-09-01 $175,000 (3.9%) $244,145 (-23.2%) 0.00 73
    2020-10-01 $174,000 (5.9%) $252,434 (-13.8%) 0.00 65
    2020-11-01 $193,500 (17.8%) $262,888 (14.9%) 0.00 56
    2020-12-01 $171,500 (7.2%) $232,239 (-0.4%) 0.00 63
    2021-01-01 $150,000 (-5.5%) $210,275 (-12.9%) 0.00 58
    2021-02-01 $143,500 (-10.3%) $201,768 (-17.3%) 0.00 54
    2021-03-01 $162,500 (-5.9%) $247,751 (4.1%) 0.00 43
    2021-04-01 $159,250 (-5.1%) $230,746 (-1.9%) 0.00 38
    2021-05-01 $180,000 (11.1%) $240,372 (5.4%) 0.00 42
    2021-06-01 $180,000 (9.1%) $222,129 (-5.8%) 0.00 53
    2021-07-01 $198,000 (12.6%) $326,270 (32.7%) 0.00 57
    2021-08-01 $199,750 (13.2%) $343,399 (42.1%) 0.00 53
    2021-09-01 $203,500 (16.3%) $351,082 (43.8%) 0.00 54
    2021-10-01 $208,800 (20.0%) $357,500 (41.6%) 0.00 51
    2021-11-01 $236,250 (22.1%) $271,681 (3.3%) 0.00 46
    2021-12-01 $215,000 (25.4%) $235,252 (1.3%) 0.00 46
    2022-01-01 $180,000 (20.0%) $228,714 (8.8%) 0.00 39
    2022-02-01 $172,500 (20.2%) $223,511 (10.8%) 0.00 35
    2022-03-01 $137,500 (-15.4%) $208,321 (-15.9%) 0.00 41
    2022-04-01 $170,000 (6.8%) $211,114 (-8.5%) 0.00 42
    2022-05-01 $215,000 (19.4%) $266,366 (10.8%) 0.00 46
    2022-06-01 $194,625 (8.1%) $244,537 (10.1%) 0.00 57
    2022-07-01 $198,750 (0.4%) $254,009 (-22.2%) 0.00 58
    2022-08-01 $173,500 (-13.1%) $230,672 (-32.8%) 0.00 64
    2022-09-01 $179,625 (-11.7%) $243,934 (-30.5%) 0.00 62
    2022-10-01 $192,000 (-8.1%) $247,730 (-30.7%) 0.00 72
    2022-11-01 $187,000 (-20.9%) $239,116 (-12.0%) 0.00 78
    2022-12-01 $179,863 (-16.3%) $241,413 (2.6%) 0.00 73
    2023-01-01 $199,875 (11.0%) $255,251 (11.6%) 0.00 64
    2023-02-01 $216,876 (25.7%) $257,851 (15.4%) 0.00 61
    2023-03-01 $222,500 (61.8%) $269,061 (29.2%) 0.00 62
    2023-04-01 $207,450 (22.0%) $263,845 (25.0%) 0.00 61
    2023-05-01 $199,900 (-7.0%) $258,553 (-2.9%) 0.00 61
    2023-06-01 $233,750 (20.1%) $277,762 (13.6%) 0.00 65
    2023-07-01 $210,000 (5.7%) $261,639 (3.0%) 0.00 82
    2023-08-01 $204,750 (18.0%) $270,834 (17.4%) 0.00 87
    2023-09-01 $230,000 (28.0%) $277,134 (13.6%) 0.00 84
    2023-10-01 $227,250 (18.4%) $269,949 (9.0%) 0.00 86
    2023-11-01 $200,500 (7.2%) $258,175 (8.0%) 0.00 88
    2023-12-01 $199,000 (10.6%) $267,133 (10.7%) 0.00 89
    2024-01-01 $203,850 (2.0%) $258,600 (1.3%) 0.00 85
    2024-02-01 $199,975 (-7.8%) $253,550 (-1.7%) 0.00 80
    2024-03-01 $232,500 (4.5%) $277,166 (3.0%) 0.00 77
    Bogalusa's median listing price for 2024-03-01 was $232,500, a difference of $10,000 (4.5%) versus the prior year and $32,525 versus the prior month.

    Bogalusa's median listing price comes in at 0% of the national average.

    Bogalusa's average listing price for 2024-03-01 was $277,166, a difference of $8,105 (3.0%) versus the prior year and $23,616 versus the prior month.

    For the 2024-03-01 period, Bogalusa had 77 MLS listings, a difference of -3 listings (-4%) versus the prior month and 15 listings (24%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Bogalusa (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,797 sqft
    2018-02-01 0 days 1,794 sqft
    2018-03-01 0 days 1,845 sqft
    2018-04-01 0 days 1,855 sqft
    2018-05-01 0 days 1,868 sqft
    2018-06-01 0 days 1,966 sqft
    2018-07-01 0 days 2,000 sqft
    2018-08-01 0 days 1,927 sqft
    2018-09-01 0 days 1,937 sqft
    2018-10-01 0 days 1,990 sqft
    2018-11-01 0 days 1,998 sqft
    2018-12-01 0 days 1,853 sqft
    2019-01-01 0 days 1,918 sqft
    2019-02-01 0 days 1,983 sqft
    2019-03-01 0 days 2,000 sqft
    2019-04-01 0 days 2,000 sqft
    2019-05-01 0 days 1,885 sqft
    2019-06-01 0 days 1,944 sqft
    2019-07-01 0 days 1,973 sqft
    2019-08-01 0 days 1,931 sqft
    2019-09-01 0 days 1,929 sqft
    2019-10-01 0 days 1,927 sqft
    2019-11-01 0 days 1,927 sqft
    2019-12-01 0 days 1,923 sqft
    2020-01-01 0 days 1,923 sqft
    2020-02-01 0 days 1,929 sqft
    2020-03-01 0 days 1,835 sqft
    2020-04-01 0 days 1,826 sqft
    2020-05-01 0 days 1,836 sqft
    2020-06-01 0 days 1,851 sqft
    2020-07-01 0 days 1,915 sqft
    2020-08-01 0 days 1,915 sqft
    2020-09-01 0 days 1,955 sqft
    2020-10-01 0 days 2,009 sqft
    2020-11-01 0 days 2,082 sqft
    2020-12-01 0 days 1,968 sqft
    2021-01-01 0 days 1,892 sqft
    2021-02-01 0 days 1,885 sqft
    2021-03-01 0 days 1,972 sqft
    2021-04-01 0 days 1,701 sqft
    2021-05-01 0 days 1,668 sqft
    2021-06-01 0 days 1,615 sqft
    2021-07-01 0 days 1,717 sqft
    2021-08-01 0 days 1,836 sqft
    2021-09-01 0 days 1,968 sqft
    2021-10-01 0 days 1,847 sqft
    2021-11-01 0 days 1,889 sqft
    2021-12-01 0 days 1,717 sqft
    2022-01-01 0 days 1,620 sqft
    2022-02-01 0 days 1,597 sqft
    2022-03-01 0 days 1,561 sqft
    2022-04-01 0 days 1,785 sqft
    2022-05-01 0 days 2,000 sqft
    2022-06-01 0 days 1,904 sqft
    2022-07-01 0 days 1,902 sqft
    2022-08-01 0 days 1,799 sqft
    2022-09-01 0 days 1,818 sqft
    2022-10-01 0 days 1,800 sqft
    2022-11-01 0 days 1,777 sqft
    2022-12-01 0 days 1,646 sqft
    2023-01-01 0 days 1,682 sqft
    2023-02-01 0 days 1,773 sqft
    2023-03-01 0 days 1,812 sqft
    2023-04-01 0 days 1,834 sqft
    2023-05-01 0 days 1,871 sqft
    2023-06-01 0 days 1,931 sqft
    2023-07-01 0 days 1,885 sqft
    2023-08-01 0 days 1,882 sqft
    2023-09-01 0 days 1,876 sqft
    2023-10-01 0 days 1,933 sqft
    2023-11-01 0 days 1,881 sqft
    2023-12-01 0 days 1,850 sqft
    2024-01-01 0 days 1,838 sqft
    2024-02-01 0 days 1,755 sqft
    2024-03-01 0 days 1,752 sqft
    Bogalusa's median listing age (time on market) for 2024-03-01 was 0 days.

    Bogalusa's median square footage for active listings during the 2024-03-01 period was 1,752 sqft. One year prior, the average listing was 1,812 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.