Fort Polk South VA Loan Rates, Closing Costs & Stats

Fort Polk South, 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.

    Fort Polk South's 26 lenders originated 209 VA loans during 2023. The total origination value was $47,785,000, with an average VA loan value of $228,636.

    Fort Polk South VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Fort Polk South averaged 0.1% for the week of 2024-11-15, compared to the national average (all VA variants) of 0% for the same period.

    Fort Polk South's average VA mortgage closing costs are $5,045.

    The average rate for the prior week (2024-11-08) was 6.4% and one month ago for the week of 2024-10-11, the average rate was 5.97%.

    The average rate one year ago was 7.56%.

    For refis of the same type during the week of 2024-11-15, the average rate was -0.2%.

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

    Fort Polk South 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 Fort Polk South level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 45 6.83% $5,894
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 30 6.89% $3,864
    NAVY FEDERAL CREDIT UNION 25 5.86% $6,052
    UNITED WHOLESALE MORTGAGE, LLC 16 6.68% $7,227
    EUSTIS AND AMERICAN MORTGAGE COMPANY 12 6.73% $4,248
    USAA Federal Savings Bank 10 6.25% $9,132
    NEW DAY FINANCIAL, LLC 8 7.29% $7,192
    QUICKEN LOANS, LLC 7 6.57% $9,427
    FREEDOM MORTGAGE CORPORATION 7 6.68% $12,948
    PENNYMAC LOAN SERVICES, LLC 2 5.00% $4,294
    STOCKTON MORTGAGE CORPORATION 2 6.50% $11,988
    GMFS LLC 2 6.69% $3,081
    PENTAGON FEDERAL CREDIT UNION 1 4.75% $9,027
    UNION HOME MORTGAGE CORP. 1 7.50% $3,370
    Mr. Cooper ( Nationstar Mortgage ) 1 5.50% $10,855
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 6.63% $8,615
    Armed Forces Bank 1 5.25% $7,677
    Barrington Bank & Trust Company, N.A. 1 6.25% $6,988
    FIDELITY BANK 1 6.13% $3,567
    GUILD MORTGAGE COMPANY 1 6.13% $7,731
    JPMorgan Chase Bank 1 5.75% $8,816
    LOANDEPOT.COM, LLC 1 5.63% $8,371
    AMERICAN FINANCIAL RESOURCES, INC. 1 6.75% $6,928
    MUTUAL OF OMAHA MORTGAGE, INC. 1 6.75% $7,152
    NBKC BANK 1 5.50% $13,313
    Paramount Residential Mortgage Group, Inc. 1 6.13% $7,636

    The top Fort Polk South VA lender as defined by loan originations is Mortgage Research Center, LLC, with 45 VA loans originated. Their average total fees are $5,894, which is $2,030 higher than the next largest lender, FAIRWAY INDEPENDENT MORTGAGE CORPORATION.

    The lowest fee Fort Polk South VA lenders (with over 10 loans originated) are FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($3,864), EUSTIS AND AMERICAN MORTGAGE COMPANY ($4,248), Mortgage Research Center, LLC ($5,894), NAVY FEDERAL CREDIT UNION ($6,052) and UNITED WHOLESALE MORTGAGE, LLC ($7,227).

    The lowest rate Fort Polk South VA lenders (with over 10 loans originated) are NAVY FEDERAL CREDIT UNION (5.86%), USAA Federal Savings Bank (6.25%), UNITED WHOLESALE MORTGAGE, LLC (6.68%), EUSTIS AND AMERICAN MORTGAGE COMPANY (6.73%) and Mortgage Research Center, LLC (6.83%).

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Fort Polk South (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 $159,900 (6.7%) $185,520 (1.1%) 0.00 188
    2018-02-01 $159,900 (1.5%) $180,925 (-3.7%) 0.00 195
    2018-03-01 $159,900 (0.6%) $182,039 (-4.4%) 0.00 185
    2018-04-01 $159,900 (-1.6%) $186,818 (-3.3%) 0.00 189
    2018-05-01 $157,463 (-1.3%) $178,392 (-5.8%) 0.00 189
    2018-06-01 $154,900 (-3.7%) $175,917 (-9.9%) 0.00 175
    2018-07-01 $146,950 (-7.7%) $172,878 (-7.1%) 0.00 167
    2018-08-01 $144,900 (-9.9%) $176,672 (-2.8%) 0.00 154
    2018-09-01 $144,500 (-11.4%) $178,393 (-3.4%) 0.00 164
    2018-10-01 $146,500 (-8.0%) $184,136 (-0.3%) 0.00 166
    2018-11-01 $152,375 (-7.9%) $185,738 (-0.8%) 0.00 171
    2018-12-01 $149,900 (-6.3%) $191,137 (2.2%) 0.00 177
    2019-01-01 $149,900 (-6.3%) $189,242 (2.0%) 0.00 163
    2019-02-01 $149,900 (-6.3%) $188,885 (4.4%) 0.00 173
    2019-03-01 $147,693 (-7.6%) $189,142 (3.9%) 0.00 172
    2019-04-01 $144,875 (-9.4%) $187,584 (0.4%) 0.00 166
    2019-05-01 $148,450 (-5.7%) $197,279 (10.6%) 0.00 160
    2019-06-01 $149,900 (-3.2%) $191,102 (8.6%) 0.00 163
    2019-07-01 $147,225 (0.2%) $192,785 (11.5%) 0.00 158
    2019-08-01 $150,473 (3.9%) $195,187 (10.5%) 0.00 159
    2019-09-01 $151,332 (4.7%) $199,002 (11.6%) 0.00 157
    2019-10-01 $154,975 (5.8%) $203,841 (10.7%) 0.00 156
    2019-11-01 $169,000 (10.9%) $212,626 (14.5%) 0.00 148
    2019-12-01 $158,975 (6.1%) $197,917 (3.6%) 0.00 143
    2020-01-01 $154,250 (2.9%) $193,641 (2.3%) 0.00 137
    2020-02-01 $168,500 (12.4%) $192,618 (2.0%) 0.00 134
    2020-03-01 $166,450 (12.7%) $198,967 (5.2%) 0.00 124
    2020-04-01 $155,250 (7.2%) $189,577 (1.1%) 0.00 114
    2020-05-01 $159,950 (7.8%) $192,971 (-2.2%) 0.00 110
    2020-06-01 $159,950 (6.7%) $206,928 (8.3%) 0.00 102
    2020-07-01 $158,975 (8.0%) $211,624 (9.8%) 0.00 91
    2020-08-01 $144,450 (-4.0%) $204,211 (4.6%) 0.00 86
    2020-09-01 $155,750 (2.9%) $209,427 (5.2%) 0.00 74
    2020-10-01 $142,450 (-8.1%) $208,693 (2.4%) 0.00 72
    2020-11-01 $141,225 (-16.4%) $206,531 (-2.9%) 0.00 66
    2020-12-01 $144,950 (-8.8%) $929,387 (369.6%) 0.00 69
    2021-01-01 $145,000 (-6.0%) $221,758 (14.5%) 0.00 57
    2021-02-01 $149,975 (-11.0%) $211,291 (9.7%) 0.00 59
    2021-03-01 $149,950 (-9.9%) $205,072 (3.1%) 0.00 56
    2021-04-01 $141,000 (-9.2%) $210,721 (11.2%) 0.00 45
    2021-05-01 $141,500 (-11.5%) $202,451 (4.9%) 0.00 43
    2021-06-01 $157,750 (-1.4%) $215,521 (4.2%) 0.00 48
    2021-07-01 $155,000 (-2.5%) $212,933 (0.6%) 0.00 45
    2021-08-01 $179,150 (24.0%) $221,840 (8.6%) 0.00 49
    2021-09-01 $175,550 (12.7%) $231,163 (10.4%) 0.00 60
    2021-10-01 $135,000 (-5.2%) $187,512 (-10.2%) 0.00 55
    2021-11-01 $173,250 (22.7%) $207,977 (0.7%) 0.00 59
    2021-12-01 $170,500 (17.6%) $211,459 (-77.3%) 0.00 61
    2022-01-01 $165,000 (13.8%) $215,931 (-2.6%) 0.00 52
    2022-02-01 $139,950 (-6.7%) $195,760 (-7.4%) 0.00 52
    2022-03-01 $132,975 (-11.3%) $196,165 (-4.3%) 0.00 63
    2022-04-01 $150,000 (6.4%) $203,018 (-3.7%) 0.00 63
    2022-05-01 $168,000 (18.7%) $212,727 (5.1%) 0.00 61
    2022-06-01 $199,975 (26.8%) $222,660 (3.3%) 0.00 61
    2022-07-01 $200,000 (29.0%) $226,527 (6.4%) 0.00 64
    2022-08-01 $202,875 (13.2%) $222,539 (0.3%) 0.00 62
    2022-09-01 $185,000 (5.4%) $211,195 (-8.6%) 0.00 66
    2022-10-01 $180,000 (33.3%) $212,169 (13.2%) 0.00 60
    2022-11-01 $192,950 (11.4%) $211,250 (1.6%) 0.00 59
    2022-12-01 $177,500 (4.1%) $209,554 (-0.9%) 0.00 67
    2023-01-01 $165,975 (0.6%) $214,995 (-0.4%) 0.00 59
    2023-02-01 $204,450 (46.1%) $216,988 (10.8%) 0.00 70
    2023-03-01 $247,175 (85.9%) $231,811 (18.2%) 0.00 76
    2023-04-01 $249,900 (66.6%) $243,942 (20.2%) 0.00 74
    2023-05-01 $239,450 (42.5%) $228,852 (7.6%) 0.00 76
    2023-06-01 $249,925 (25.0%) $241,478 (8.5%) 0.00 78
    2023-07-01 $249,000 (24.5%) $237,813 (5.0%) 0.00 86
    2023-08-01 $234,700 (15.7%) $232,454 (4.5%) 0.00 114
    2023-09-01 $230,950 (24.8%) $230,813 (9.3%) 0.00 111
    2023-10-01 $233,500 (29.7%) $232,751 (9.7%) 0.00 114
    2023-11-01 $233,500 (21.0%) $235,858 (11.7%) 0.00 117
    2023-12-01 $239,000 (34.7%) $241,153 (15.1%) 0.00 117
    2024-01-01 $222,450 (34.0%) $232,849 (8.3%) 0.00 107
    2024-02-01 $199,850 (-2.3%) $227,303 (4.8%) 0.00 106
    2024-03-01 $195,000 (-21.1%) $216,908 (-6.4%) 0.00 104
    2024-04-01 $197,450 (-21.0%) $218,747 (-10.3%) 0.00 112
    2024-05-01 $206,250 (-13.9%) $222,837 (-2.6%) 0.00 119
    2024-06-01 $219,000 (-12.4%) $236,061 (-2.2%) 0.00 130
    2024-07-01 $225,500 (-9.4%) $240,764 (1.2%) 0.00 135
    2024-08-01 $214,000 (-8.8%) $239,095 (2.9%) 0.00 135
    2024-09-01 $205,250 (-11.1%) $238,474 (3.3%) 0.00 139
    2024-10-01 $200,000 (-14.4%) $235,341 (1.1%) 0.00 138
    Fort Polk South's median listing price for 2024-10-01 was $200,000, a difference of $-33,500 (-14.4%) versus the prior year and $-5,250 versus the prior month.

    Fort Polk South's median listing price comes in at 0% of the national average.

    Fort Polk South's average listing price for 2024-10-01 was $235,341, a difference of $2,590 (1.1%) versus the prior year and $-3,133 versus the prior month.

    For the 2024-10-01 period, Fort Polk South had 138 MLS listings, a difference of -1 listings (-1%) versus the prior month and 24 listings (21%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Fort Polk South (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 2,230 sqft
    2018-02-01 0 days 2,256 sqft
    2018-03-01 0 days 2,206 sqft
    2018-04-01 0 days 2,124 sqft
    2018-05-01 0 days 2,175 sqft
    2018-06-01 0 days 2,200 sqft
    2018-07-01 0 days 2,105 sqft
    2018-08-01 0 days 2,072 sqft
    2018-09-01 0 days 2,100 sqft
    2018-10-01 0 days 2,106 sqft
    2018-11-01 0 days 2,108 sqft
    2018-12-01 0 days 2,100 sqft
    2019-01-01 0 days 2,100 sqft
    2019-02-01 0 days 2,100 sqft
    2019-03-01 0 days 2,092 sqft
    2019-04-01 0 days 2,071 sqft
    2019-05-01 0 days 2,091 sqft
    2019-06-01 0 days 2,087 sqft
    2019-07-01 0 days 2,100 sqft
    2019-08-01 0 days 2,100 sqft
    2019-09-01 0 days 2,100 sqft
    2019-10-01 0 days 2,113 sqft
    2019-11-01 0 days 2,127 sqft
    2019-12-01 0 days 2,116 sqft
    2020-01-01 0 days 2,091 sqft
    2020-02-01 0 days 2,145 sqft
    2020-03-01 0 days 1,989 sqft
    2020-04-01 0 days 1,877 sqft
    2020-05-01 0 days 1,800 sqft
    2020-06-01 0 days 1,801 sqft
    2020-07-01 0 days 1,788 sqft
    2020-08-01 0 days 1,782 sqft
    2020-09-01 0 days 1,802 sqft
    2020-10-01 0 days 1,634 sqft
    2020-11-01 0 days 1,577 sqft
    2020-12-01 0 days 1,559 sqft
    2021-01-01 0 days 1,550 sqft
    2021-02-01 0 days 1,555 sqft
    2021-03-01 0 days 1,681 sqft
    2021-04-01 0 days 1,704 sqft
    2021-05-01 0 days 1,631 sqft
    2021-06-01 0 days 1,778 sqft
    2021-07-01 0 days 1,577 sqft
    2021-08-01 0 days 1,613 sqft
    2021-09-01 0 days 1,693 sqft
    2021-10-01 0 days 1,650 sqft
    2021-11-01 0 days 1,717 sqft
    2021-12-01 0 days 1,658 sqft
    2022-01-01 0 days 1,659 sqft
    2022-02-01 0 days 1,533 sqft
    2022-03-01 0 days 1,568 sqft
    2022-04-01 0 days 1,575 sqft
    2022-05-01 0 days 1,622 sqft
    2022-06-01 0 days 1,700 sqft
    2022-07-01 0 days 1,685 sqft
    2022-08-01 0 days 1,708 sqft
    2022-09-01 0 days 1,775 sqft
    2022-10-01 0 days 1,730 sqft
    2022-11-01 0 days 1,632 sqft
    2022-12-01 0 days 1,625 sqft
    2023-01-01 0 days 1,733 sqft
    2023-02-01 0 days 1,863 sqft
    2023-03-01 0 days 1,936 sqft
    2023-04-01 0 days 2,000 sqft
    2023-05-01 0 days 1,867 sqft
    2023-06-01 0 days 1,939 sqft
    2023-07-01 0 days 1,949 sqft
    2023-08-01 0 days 1,927 sqft
    2023-09-01 0 days 1,910 sqft
    2023-10-01 0 days 1,845 sqft
    2023-11-01 0 days 1,795 sqft
    2023-12-01 0 days 1,811 sqft
    2024-01-01 0 days 1,785 sqft
    2024-02-01 0 days 1,770 sqft
    2024-03-01 0 days 1,719 sqft
    2024-04-01 0 days 1,697 sqft
    2024-05-01 0 days 1,705 sqft
    2024-06-01 0 days 1,659 sqft
    2024-07-01 0 days 1,726 sqft
    2024-08-01 0 days 1,718 sqft
    2024-09-01 0 days 1,726 sqft
    2024-10-01 0 days 1,711 sqft
    Fort Polk South's median listing age (time on market) for 2024-10-01 was 0 days.

    Fort Polk South's median square footage for active listings during the 2024-10-01 period was 1,711 sqft. One year prior, the average listing was 1,845 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.