Houma VA Loan Rates, Closing Costs & Stats
HOUMA-THIBODAUX, 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 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.
Houma's 40 lenders originated 162 VA loans during 2022. The total origination value was $40,560,000, with an average VA loan value of $250,370.
Houma VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Houma
averaged
6.36%
for the week of 2023-05-26, compared to the national average (all VA variants) of
6.408% for the same period.
Houma's average VA mortgage closing costs are $5,328.
The average rate for the prior week (2023-05-19) was
6.19% and
one month ago for the week of 2023-04-21, the
average rate was 6.01%.
The average rate one year ago was 4.88%.
For refis of the same type during the week of 2023-05-26, the average rate
was 5.6%.
Houma 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 Houma level.
The top Houma VA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with
31 VA loans originated. Their average total fees are
$7,039, which is $1,660
higher than the next largest lender,
Mortgage Research Center, LLC.
The lowest fee Houma VA lenders (with over 10 loans originated) are
Mortgage Research Center, LLC ($5,379), NAVY FEDERAL CREDIT UNION ($5,796), UNITED WHOLESALE MORTGAGE, LLC ($7,039), Assurance Financial Group, L.L.C. ($7,762) and QUICKEN LOANS, LLC ($9,527).
The lowest rate Houma VA lenders (with over 10 loans originated) are
QUICKEN LOANS, LLC (4.32%), NAVY FEDERAL CREDIT UNION (4.35%), CMG MORTGAGE, INC. (4.50%), UNITED WHOLESALE MORTGAGE, LLC (4.76%) and Mortgage Research Center, LLC (5.07%).
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Houma (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $174,900 (-0.1%) | $232,962 (4.9%) | 0.65 | 904 |
2018-02-01 | $174,975 (0.0%) | $236,777 (7.5%) | 0.64 | 890 |
2018-03-01 | $176,000 (0.6%) | $241,544 (7.7%) | 0.62 | 864 |
2018-04-01 | $178,200 (1.7%) | $246,481 (8.7%) | 0.60 | 860 |
2018-05-01 | $179,000 (2.1%) | $245,839 (6.5%) | 0.60 | 858 |
2018-06-01 | $179,000 (-0.5%) | $250,605 (5.7%) | 0.60 | 869 |
2018-07-01 | $179,600 (0.0%) | $249,840 (6.7%) | 0.60 | 897 |
2018-08-01 | $180,000 (0.1%) | $249,435 (5.0%) | 0.60 | 923 |
2018-09-01 | $180,000 (0.6%) | $243,732 (2.1%) | 0.61 | 929 |
2018-10-01 | $181,875 (3.9%) | $240,038 (0.5%) | 0.62 | 911 |
2018-11-01 | $184,813 (7.2%) | $240,795 (4.0%) | 0.63 | 893 |
2018-12-01 | $185,000 (8.8%) | $236,641 (2.7%) | 0.64 | 882 |
2019-01-01 | $186,800 (6.8%) | $238,070 (2.2%) | 0.65 | 847 |
2019-02-01 | $187,475 (7.1%) | $240,213 (1.5%) | 0.63 | 850 |
2019-03-01 | $192,250 (9.2%) | $243,031 (0.6%) | 0.64 | 840 |
2019-04-01 | $194,924 (9.4%) | $247,240 (0.3%) | 0.62 | 829 |
2019-05-01 | $198,750 (11.0%) | $254,486 (3.5%) | 0.62 | 828 |
2019-06-01 | $198,750 (11.0%) | $259,143 (3.4%) | 0.62 | 834 |
2019-07-01 | $199,000 (10.8%) | $263,075 (5.3%) | 0.62 | 839 |
2019-08-01 | $200,000 (11.1%) | $264,789 (6.2%) | 0.63 | 825 |
2019-09-01 | $203,800 (13.2%) | $268,814 (10.3%) | 0.64 | 788 |
2019-10-01 | $200,000 (10.0%) | $265,292 (10.5%) | 0.65 | 778 |
2019-11-01 | $195,950 (6.0%) | $259,321 (7.7%) | 0.64 | 768 |
2019-12-01 | $193,450 (4.6%) | $259,005 (9.5%) | 0.65 | 741 |
2020-01-01 | $192,500 (3.1%) | $257,564 (8.2%) | 0.64 | 711 |
2020-02-01 | $192,000 (2.4%) | $260,235 (8.3%) | 0.63 | 708 |
2020-03-01 | $192,000 (-0.1%) | $266,445 (9.6%) | 0.60 | 696 |
2020-04-01 | $192,144 (-1.4%) | $270,514 (9.4%) | 0.60 | 676 |
2020-05-01 | $199,900 (0.6%) | $281,929 (10.8%) | 0.61 | 603 |
2020-06-01 | $199,900 (0.6%) | $283,629 (9.5%) | 0.59 | 565 |
2020-07-01 | $195,500 (-1.8%) | $276,587 (5.1%) | 0.57 | 562 |
2020-08-01 | $198,000 (-1.0%) | $279,151 (5.4%) | 0.57 | 525 |
2020-09-01 | $195,000 (-4.3%) | $283,870 (5.6%) | 0.56 | 511 |
2020-10-01 | $187,000 (-6.5%) | $284,344 (7.2%) | 0.54 | 491 |
2020-11-01 | $196,475 (0.3%) | $294,095 (13.4%) | 0.57 | 481 |
2020-12-01 | $199,325 (3.0%) | $304,939 (17.7%) | 0.59 | 467 |
2021-01-01 | $198,750 (3.3%) | $301,858 (17.2%) | 0.59 | 441 |
2021-02-01 | $204,950 (6.7%) | $302,501 (16.2%) | 0.60 | 400 |
2021-03-01 | $220,926 (15.1%) | $303,876 (14.1%) | 0.63 | 376 |
2021-04-01 | $232,500 (21.0%) | $320,328 (18.4%) | 0.63 | 360 |
2021-05-01 | $229,950 (15.0%) | $329,153 (16.8%) | 0.61 | 316 |
2021-06-01 | $226,500 (13.3%) | $334,828 (18.1%) | 0.60 | 326 |
2021-07-01 | $225,000 (15.1%) | $333,643 (20.6%) | 0.59 | 318 |
2021-08-01 | $221,850 (12.1%) | $331,206 (18.7%) | 0.59 | 323 |
2021-09-01 | $219,925 (12.8%) | $336,723 (18.6%) | 0.59 | 281 |
2021-10-01 | $238,000 (27.3%) | $372,184 (30.9%) | 0.63 | 213 |
2021-11-01 | $248,350 (26.4%) | $381,237 (29.6%) | 0.66 | 195 |
2021-12-01 | $254,750 (27.8%) | $402,511 (32.0%) | 0.69 | 187 |
2022-01-01 | $250,000 (25.8%) | $399,406 (32.3%) | 0.68 | 170 |
2022-02-01 | $239,500 (16.9%) | $378,177 (25.0%) | 0.62 | 175 |
2022-03-01 | $259,200 (17.3%) | $382,075 (25.7%) | 0.65 | 181 |
2022-04-01 | $269,900 (16.1%) | $389,043 (21.5%) | 0.64 | 202 |
2022-05-01 | $288,500 (25.5%) | $399,829 (21.5%) | 0.66 | 221 |
2022-06-01 | $280,000 (23.6%) | $380,573 (13.7%) | 0.62 | 275 |
2022-07-01 | $269,900 (20.0%) | $358,217 (7.4%) | 0.61 | 331 |
2022-08-01 | $270,950 (22.1%) | $348,987 (5.4%) | 0.63 | 350 |
2022-09-01 | $259,750 (18.1%) | $332,132 (-1.4%) | 0.61 | 379 |
2022-10-01 | $255,000 (7.1%) | $327,909 (-11.9%) | 0.60 | 406 |
2022-11-01 | $251,783 (1.4%) | $316,847 (-16.9%) | 0.60 | 444 |
2022-12-01 | $250,000 (-1.9%) | $314,225 (-21.9%) | 0.62 | 507 |
2023-01-01 | $246,975 (-1.2%) | $316,224 (-20.8%) | 0.61 | 447 |
2023-02-01 | $249,450 (4.2%) | $311,984 (-17.5%) | 0.60 | 441 |
2023-03-01 | $256,125 (-1.2%) | $320,520 (-16.1%) | 0.60 | 436 |
2023-04-01 | $255,000 (-5.5%) | $322,474 (-17.1%) | 0.59 | 441 |
Houma's median listing price comes in at 59% of the national average.
Houma's average listing price for 2023-04-01 was $322,474, a difference of $-66,569 (-17.1%) versus the prior year and $1,954 versus the prior month.
For the 2023-04-01 period, Houma had 441 MLS listings, a difference of 5 listings (1%) versus the prior month and 239 listings (118%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Houma (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 122 days | 2,458 sqft |
2018-02-01 | 124 days | 2,491 sqft |
2018-03-01 | 131 days | 1,996 sqft |
2018-04-01 | 115 days | 1,900 sqft |
2018-05-01 | 102 days | 1,930 sqft |
2018-06-01 | 99 days | 1,993 sqft |
2018-07-01 | 101 days | 2,000 sqft |
2018-08-01 | 103 days | 2,015 sqft |
2018-09-01 | 102 days | 2,005 sqft |
2018-10-01 | 103 days | 2,000 sqft |
2018-11-01 | 109 days | 1,971 sqft |
2018-12-01 | 117 days | 1,973 sqft |
2019-01-01 | 128 days | 1,999 sqft |
2019-02-01 | 128 days | 2,001 sqft |
2019-03-01 | 116 days | 2,025 sqft |
2019-04-01 | 104 days | 2,049 sqft |
2019-05-01 | 102 days | 2,148 sqft |
2019-06-01 | 103 days | 2,182 sqft |
2019-07-01 | 107 days | 2,253 sqft |
2019-08-01 | 112 days | 2,351 sqft |
2019-09-01 | 111 days | 2,662 sqft |
2019-10-01 | 107 days | 2,659 sqft |
2019-11-01 | 106 days | 2,642 sqft |
2019-12-01 | 112 days | 2,654 sqft |
2020-01-01 | 120 days | 2,664 sqft |
2020-02-01 | 110 days | 2,681 sqft |
2020-03-01 | 108 days | 2,671 sqft |
2020-04-01 | 114 days | 2,703 sqft |
2020-05-01 | 115 days | 2,757 sqft |
2020-06-01 | 126 days | 2,803 sqft |
2020-07-01 | 121 days | 2,737 sqft |
2020-08-01 | 96 days | 2,714 sqft |
2020-09-01 | 96 days | 2,723 sqft |
2020-10-01 | 101 days | 2,711 sqft |
2020-11-01 | 101 days | 2,771 sqft |
2020-12-01 | 100 days | 2,836 sqft |
2021-01-01 | 106 days | 2,756 sqft |
2021-02-01 | 104 days | 2,724 sqft |
2021-03-01 | 85 days | 2,793 sqft |
2021-04-01 | 81 days | 2,926 sqft |
2021-05-01 | 83 days | 3,085 sqft |
2021-06-01 | 82 days | 2,984 sqft |
2021-07-01 | 80 days | 3,012 sqft |
2021-08-01 | 77 days | 2,930 sqft |
2021-09-01 | 88 days | 2,949 sqft |
2021-10-01 | 100 days | 3,126 sqft |
2021-11-01 | 101 days | 3,152 sqft |
2021-12-01 | 114 days | 3,235 sqft |
2022-01-01 | 99 days | 3,149 sqft |
2022-02-01 | 77 days | 3,098 sqft |
2022-03-01 | 63 days | 3,081 sqft |
2022-04-01 | 51 days | 3,014 sqft |
2022-05-01 | 59 days | 3,025 sqft |
2022-06-01 | 44 days | 2,938 sqft |
2022-07-01 | 46 days | 2,790 sqft |
2022-08-01 | 63 days | 2,757 sqft |
2022-09-01 | 73 days | 2,657 sqft |
2022-10-01 | 74 days | 2,681 sqft |
2022-11-01 | 76 days | 2,619 sqft |
2022-12-01 | 72 days | 2,480 sqft |
2023-01-01 | 33 days | 1,800 sqft |
2023-02-01 | 56 days | 1,835 sqft |
2023-03-01 | 84 days | 1,896 sqft |
2023-04-01 | 92 days | 1,906 sqft |
Houma's median square footage for active listings during the 2023-04-01 period was 1,906 sqft. One year prior, the average listing was 3,014 sqft.