Deridder VA Loan Rates, Closing Costs & Stats

DeRidder, 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.

    Deridder's 24 lenders originated 120 VA loans during 2023. The total origination value was $28,600,000, with an average VA loan value of $238,333.

    Deridder VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Deridder averaged 0.2% for the week of 2024-11-15, compared to the national average (all VA variants) of 0% for the same period.

    Deridder's average VA mortgage closing costs are $5,416.

    The average rate for the prior week (2024-11-08) was 6.8% and one month ago for the week of 2024-10-11, the average rate was 5.97%.

    The average rate one year ago was 7.26%.

    For refis of the same type during the week of 2024-11-15, the average rate was 0.1%.

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

    Deridder 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 Deridder level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 22 6.69% $4,991
    UNITED WHOLESALE MORTGAGE, LLC 18 6.56% $7,513
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 12 6.41% $5,805
    EUSTIS AND AMERICAN MORTGAGE COMPANY 8 6.53% $5,168
    FREEDOM MORTGAGE CORPORATION 6 6.98% $13,947
    NAVY FEDERAL CREDIT UNION 6 6.27% $4,998
    QUICKEN LOANS, LLC 4 6.43% $11,672
    USAA Federal Savings Bank 3 6.50% $7,204
    LOANDEPOT.COM, LLC 3 6.25% $8,186
    MUTUAL OF OMAHA MORTGAGE, INC. 3 6.75% $10,195
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 7.75% $7,951
    Mr. Cooper ( Nationstar Mortgage ) 1 6.50% $16,142
    AMERICAN FINANCIAL RESOURCES, INC. 1 7.00% $3,204
    JPMorgan Chase Bank 1 6.50% $500
    NTFN, INC. 1 6.75% $1,814
    PENNYMAC LOAN SERVICES, LLC 1 5.25% $2,226
    PENTAGON FEDERAL CREDIT UNION 1 6.38% $3,809
    PHH Mortgage Corporation 1 7.63% $6,239
    First State Bank of St. Charles, Missouri 1 7.25% $579
    STOCKTON MORTGAGE CORPORATION 1 7.25% $8,828
    T2 FINANCIAL LLC 1 7.13% $5,114
    UNION HOME MORTGAGE CORP. 1 5.88% $9,158
    CORNERSTONE HOME LENDING, INC. 1 6.75% $10,150
    MID AMERICA MORTGAGE, INC. 1 6.00% $13,302

    The top Deridder VA lender as defined by loan originations is Mortgage Research Center, LLC, with 22 VA loans originated. Their average total fees are $4,991, which is $2,522 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Deridder VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($4,991), FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($5,805), UNITED WHOLESALE MORTGAGE, LLC ($7,513), .

    The lowest rate Deridder VA lenders (with over 10 loans originated) are FAIRWAY INDEPENDENT MORTGAGE CORPORATION (6.41%), UNITED WHOLESALE MORTGAGE, LLC (6.56%), Mortgage Research Center, LLC (6.69%), .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Deridder (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 $184,250 (2.8%) $189,405 (2.6%) 0.00 204
    2018-02-01 $187,000 (7.5%) $191,215 (4.3%) 0.00 197
    2018-03-01 $180,000 (6.5%) $190,808 (1.4%) 0.00 199
    2018-04-01 $183,125 (2.2%) $193,083 (1.4%) 0.00 211
    2018-05-01 $183,875 (2.4%) $194,372 (-2.7%) 0.00 205
    2018-06-01 $189,000 (4.5%) $195,173 (-4.3%) 0.00 195
    2018-07-01 $189,000 (5.4%) $203,265 (3.5%) 0.00 210
    2018-08-01 $189,000 (3.0%) $204,256 (0.1%) 0.00 219
    2018-09-01 $189,000 (4.1%) $205,454 (-1.8%) 0.00 215
    2018-10-01 $189,900 (5.6%) $207,288 (1.2%) 0.00 195
    2018-11-01 $186,979 (3.9%) $209,878 (4.3%) 0.00 187
    2018-12-01 $188,500 (4.8%) $213,323 (8.0%) 0.00 187
    2019-01-01 $188,350 (2.2%) $211,727 (11.8%) 0.00 175
    2019-02-01 $187,625 (0.3%) $208,187 (8.9%) 0.00 168
    2019-03-01 $189,729 (5.4%) $207,905 (9.0%) 0.00 161
    2019-04-01 $189,629 (3.6%) $207,847 (7.7%) 0.00 159
    2019-05-01 $181,225 (-1.4%) $214,681 (10.5%) 0.00 161
    2019-06-01 $185,000 (-2.1%) $221,407 (13.4%) 0.00 169
    2019-07-01 $180,000 (-4.8%) $214,587 (5.6%) 0.00 165
    2019-08-01 $179,727 (-4.9%) $215,983 (5.7%) 0.00 165
    2019-09-01 $179,318 (-5.1%) $218,068 (6.1%) 0.00 160
    2019-10-01 $178,000 (-6.3%) $220,206 (6.2%) 0.00 151
    2019-11-01 $189,900 (1.6%) $225,968 (7.7%) 0.00 141
    2019-12-01 $193,200 (2.5%) $227,280 (6.5%) 0.00 136
    2020-01-01 $203,425 (8.0%) $235,945 (11.4%) 0.00 135
    2020-02-01 $202,400 (7.9%) $237,138 (13.9%) 0.00 124
    2020-03-01 $203,200 (7.1%) $241,679 (16.3%) 0.00 120
    2020-04-01 $199,975 (5.5%) $235,942 (13.5%) 0.00 128
    2020-05-01 $191,200 (5.5%) $203,507 (-5.2%) 0.00 130
    2020-06-01 $199,750 (8.0%) $210,842 (-4.8%) 0.00 136
    2020-07-01 $193,125 (7.3%) $214,879 (0.1%) 0.00 119
    2020-08-01 $211,000 (17.4%) $231,064 (7.0%) 0.00 111
    2020-09-01 $218,500 (21.9%) $231,129 (6.0%) 0.00 101
    2020-10-01 $189,900 (6.7%) $216,177 (-1.8%) 0.00 84
    2020-11-01 $177,000 (-6.8%) $212,669 (-5.9%) 0.00 74
    2020-12-01 $222,500 (15.2%) $236,337 (4.0%) 0.00 70
    2021-01-01 $209,948 (3.2%) $217,462 (-7.8%) 0.00 56
    2021-02-01 $191,375 (-5.5%) $211,850 (-10.7%) 0.00 56
    2021-03-01 $170,975 (-15.9%) $202,355 (-16.3%) 0.00 48
    2021-04-01 $197,175 (-1.4%) $227,944 (-3.4%) 0.00 47
    2021-05-01 $189,500 (-0.9%) $212,320 (4.3%) 0.00 43
    2021-06-01 $153,350 (-23.2%) $242,782 (15.2%) 0.00 43
    2021-07-01 $175,000 (-9.4%) $295,056 (37.3%) 0.00 46
    2021-08-01 $164,000 (-22.3%) $297,186 (28.6%) 0.00 50
    2021-09-01 $187,500 (-14.2%) $287,617 (24.4%) 0.00 55
    2021-10-01 $171,500 (-9.7%) $289,848 (34.1%) 0.00 52
    2021-11-01 $165,975 (-6.2%) $292,966 (37.8%) 0.00 58
    2021-12-01 $166,475 (-25.2%) $286,879 (21.4%) 0.00 57
    2022-01-01 $187,250 (-10.8%) $285,192 (31.2%) 0.00 53
    2022-02-01 $164,950 (-13.8%) $298,802 (41.0%) 0.00 46
    2022-03-01 $156,175 (-8.7%) $325,521 (60.9%) 0.00 37
    2022-04-01 $195,500 (-0.9%) $343,369 (50.6%) 0.00 36
    2022-05-01 $215,750 (13.9%) $230,323 (8.5%) 0.00 57
    2022-06-01 $204,000 (33.0%) $219,832 (-9.5%) 0.00 64
    2022-07-01 $209,500 (19.7%) $224,679 (-23.9%) 0.00 77
    2022-08-01 $196,000 (19.5%) $217,076 (-27.0%) 0.00 91
    2022-09-01 $195,250 (4.1%) $219,141 (-23.8%) 0.00 92
    2022-10-01 $209,500 (22.2%) $232,697 (-19.7%) 0.00 95
    2022-11-01 $229,500 (38.3%) $255,848 (-12.7%) 0.00 96
    2022-12-01 $239,000 (43.6%) $276,408 (-3.7%) 0.00 90
    2023-01-01 $229,500 (22.6%) $271,421 (-4.8%) 0.00 89
    2023-02-01 $233,750 (41.7%) $265,066 (-11.3%) 0.00 95
    2023-03-01 $243,950 (56.2%) $265,911 (-18.3%) 0.00 86
    2023-04-01 $249,000 (27.4%) $273,504 (-20.4%) 0.00 88
    2023-05-01 $235,000 (8.9%) $249,522 (8.3%) 0.00 100
    2023-06-01 $234,950 (15.2%) $263,481 (19.9%) 0.00 104
    2023-07-01 $234,950 (12.2%) $277,189 (23.4%) 0.00 113
    2023-08-01 $270,340 (37.9%) $316,282 (45.7%) 0.00 122
    2023-09-01 $259,950 (33.1%) $343,352 (56.7%) 0.00 125
    2023-10-01 $275,000 (31.3%) $355,093 (52.6%) 0.00 125
    2023-11-01 $275,500 (20.0%) $359,594 (40.6%) 0.00 127
    2023-12-01 $275,000 (15.1%) $357,955 (29.5%) 0.00 125
    2024-01-01 $265,000 (15.5%) $354,091 (30.5%) 0.00 117
    2024-02-01 $269,000 (15.1%) $351,658 (32.7%) 0.00 117
    2024-03-01 $279,950 (14.8%) $361,771 (36.1%) 0.00 124
    2024-04-01 $284,250 (14.2%) $359,039 (31.3%) 0.00 135
    2024-05-01 $276,200 (17.5%) $353,372 (41.6%) 0.00 150
    2024-06-01 $269,950 (14.9%) $344,957 (30.9%) 0.00 151
    2024-07-01 $267,350 (13.8%) $330,361 (19.2%) 0.00 153
    2024-08-01 $259,900 (-3.9%) $329,199 (4.1%) 0.00 152
    2024-09-01 $252,100 (-3.0%) $312,542 (-9.0%) 0.00 152
    2024-10-01 $249,600 (-9.2%) $326,391 (-8.1%) 0.00 167
    Deridder's median listing price for 2024-10-01 was $249,600, a difference of $-25,400 (-9.2%) versus the prior year and $-2,500 versus the prior month.

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

    Deridder's average listing price for 2024-10-01 was $326,391, a difference of $-28,702 (-8.1%) versus the prior year and $13,849 versus the prior month.

    For the 2024-10-01 period, Deridder had 167 MLS listings, a difference of 15 listings (10%) versus the prior month and 42 listings (34%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Deridder (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 2,205 sqft
    2018-02-01 0 days 2,255 sqft
    2018-03-01 0 days 2,202 sqft
    2018-04-01 0 days 2,205 sqft
    2018-05-01 0 days 2,213 sqft
    2018-06-01 0 days 2,266 sqft
    2018-07-01 0 days 2,352 sqft
    2018-08-01 0 days 2,344 sqft
    2018-09-01 0 days 2,408 sqft
    2018-10-01 0 days 2,420 sqft
    2018-11-01 0 days 2,346 sqft
    2018-12-01 0 days 2,354 sqft
    2019-01-01 0 days 2,430 sqft
    2019-02-01 0 days 2,412 sqft
    2019-03-01 0 days 2,414 sqft
    2019-04-01 0 days 2,424 sqft
    2019-05-01 0 days 2,378 sqft
    2019-06-01 0 days 2,358 sqft
    2019-07-01 0 days 2,380 sqft
    2019-08-01 0 days 2,345 sqft
    2019-09-01 0 days 2,280 sqft
    2019-10-01 0 days 2,232 sqft
    2019-11-01 0 days 2,225 sqft
    2019-12-01 0 days 2,300 sqft
    2020-01-01 0 days 2,324 sqft
    2020-02-01 0 days 2,290 sqft
    2020-03-01 0 days 2,129 sqft
    2020-04-01 0 days 1,990 sqft
    2020-05-01 0 days 1,889 sqft
    2020-06-01 0 days 1,913 sqft
    2020-07-01 0 days 1,905 sqft
    2020-08-01 0 days 1,870 sqft
    2020-09-01 0 days 1,847 sqft
    2020-10-01 0 days 1,818 sqft
    2020-11-01 0 days 1,781 sqft
    2020-12-01 0 days 1,888 sqft
    2021-01-01 0 days 1,853 sqft
    2021-02-01 0 days 1,839 sqft
    2021-03-01 0 days 1,842 sqft
    2021-04-01 0 days 1,804 sqft
    2021-05-01 0 days 1,762 sqft
    2021-06-01 0 days 1,634 sqft
    2021-07-01 0 days 1,651 sqft
    2021-08-01 0 days 1,716 sqft
    2021-09-01 0 days 1,726 sqft
    2021-10-01 0 days 1,718 sqft
    2021-11-01 0 days 1,692 sqft
    2021-12-01 0 days 1,692 sqft
    2022-01-01 0 days 1,809 sqft
    2022-02-01 0 days 1,804 sqft
    2022-03-01 0 days 1,858 sqft
    2022-04-01 0 days 1,820 sqft
    2022-05-01 0 days 1,890 sqft
    2022-06-01 0 days 1,735 sqft
    2022-07-01 0 days 1,764 sqft
    2022-08-01 0 days 1,709 sqft
    2022-09-01 0 days 1,679 sqft
    2022-10-01 0 days 1,680 sqft
    2022-11-01 0 days 1,799 sqft
    2022-12-01 0 days 1,840 sqft
    2023-01-01 0 days 1,838 sqft
    2023-02-01 0 days 1,842 sqft
    2023-03-01 0 days 1,834 sqft
    2023-04-01 0 days 1,867 sqft
    2023-05-01 0 days 1,819 sqft
    2023-06-01 0 days 1,838 sqft
    2023-07-01 0 days 1,870 sqft
    2023-08-01 0 days 1,914 sqft
    2023-09-01 0 days 1,929 sqft
    2023-10-01 0 days 1,956 sqft
    2023-11-01 0 days 1,978 sqft
    2023-12-01 0 days 1,956 sqft
    2024-01-01 0 days 1,907 sqft
    2024-02-01 0 days 1,956 sqft
    2024-03-01 0 days 2,048 sqft
    2024-04-01 0 days 2,002 sqft
    2024-05-01 0 days 2,013 sqft
    2024-06-01 0 days 1,992 sqft
    2024-07-01 0 days 2,024 sqft
    2024-08-01 0 days 1,956 sqft
    2024-09-01 0 days 1,953 sqft
    2024-10-01 0 days 1,925 sqft
    Deridder's median listing age (time on market) for 2024-10-01 was 0 days.

    Deridder's median square footage for active listings during the 2024-10-01 period was 1,925 sqft. One year prior, the average listing was 1,956 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.