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 26 lenders originated 125 VA loans during 2023. The total origination value was $32,585,000, with an average VA loan value of $260,680.
Houma VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Houma
averaged
0.13%
for the week of 2024-11-29, compared to the national average (all VA variants) of
0% for the same period.
Houma's average VA mortgage closing costs are $5,533.
The average rate for the prior week (2024-11-22) was
6.6% and
one month ago for the week of 2024-10-25, the
average rate was 6.09%.
The average rate one year ago was 6.83%.
For refis of the same type during the week of 2024-11-29, the average rate
was 0.26%.
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
35 VA loans originated. Their average total fees are
$6,485, which is $1,583
lower than the next largest lender,
Assurance Financial Group, L.L.C..
The lowest fee Houma VA lenders (with over 10 loans originated) are
Mortgage Research Center, LLC ($4,464), DSLD MORTGAGE, LLC ($5,534), UNITED WHOLESALE MORTGAGE, LLC ($6,485), Assurance Financial Group, L.L.C. ($8,068) and .
The lowest rate Houma VA lenders (with over 10 loans originated) are
DSLD MORTGAGE, LLC (6.06%), UNITED WHOLESALE MORTGAGE, LLC (6.30%), Assurance Financial Group, L.L.C. (6.64%), Mortgage Research Center, LLC (6.86%) and .
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%) | $233,403 (4.8%) | 0.65 | 905 |
2018-02-01 | $174,975 (0.0%) | $236,777 (7.2%) | 0.64 | 890 |
2018-03-01 | $176,000 (0.6%) | $241,544 (7.4%) | 0.62 | 864 |
2018-04-01 | $178,200 (1.5%) | $246,481 (8.4%) | 0.60 | 860 |
2018-05-01 | $179,000 (2.0%) | $245,839 (6.3%) | 0.60 | 858 |
2018-06-01 | $179,000 (-0.5%) | $250,605 (5.4%) | 0.60 | 869 |
2018-07-01 | $179,600 (-0.1%) | $249,840 (6.5%) | 0.60 | 897 |
2018-08-01 | $180,000 (0.1%) | $249,435 (4.8%) | 0.60 | 923 |
2018-09-01 | $180,000 (0.6%) | $243,732 (1.9%) | 0.61 | 929 |
2018-10-01 | $181,875 (3.9%) | $240,038 (0.3%) | 0.62 | 911 |
2018-11-01 | $184,813 (7.2%) | $240,795 (3.8%) | 0.63 | 893 |
2018-12-01 | $185,000 (8.8%) | $236,641 (2.5%) | 0.64 | 882 |
2019-01-01 | $186,800 (6.8%) | $238,070 (2.0%) | 0.65 | 847 |
2019-02-01 | $187,475 (7.1%) | $240,213 (1.5%) | 0.63 | 850 |
2019-03-01 | $191,770 (9.0%) | $242,941 (0.6%) | 0.63 | 838 |
2019-04-01 | $194,574 (9.2%) | $247,027 (0.2%) | 0.62 | 832 |
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 | $198,909 (10.5%) | $262,942 (5.4%) | 0.63 | 830 |
2019-09-01 | $199,523 (10.9%) | $264,121 (8.4%) | 0.64 | 804 |
2019-10-01 | $200,000 (10.0%) | $264,908 (10.4%) | 0.65 | 787 |
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 (9.7%) | 0.60 | 696 |
2020-04-01 | $192,144 (-1.3%) | $270,514 (9.5%) | 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 (-0.5%) | $279,151 (6.2%) | 0.57 | 525 |
2020-09-01 | $195,000 (-2.3%) | $284,356 (7.7%) | 0.56 | 512 |
2020-10-01 | $188,000 (-6.0%) | $284,850 (7.5%) | 0.54 | 492 |
2020-11-01 | $196,950 (0.5%) | $294,346 (13.5%) | 0.58 | 481 |
2020-12-01 | $199,325 (3.0%) | $304,939 (17.7%) | 0.59 | 467 |
2021-01-01 | $198,750 (3.3%) | $302,246 (17.4%) | 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 (18.4%) | 0.59 | 281 |
2021-10-01 | $238,000 (26.6%) | $372,184 (30.7%) | 0.63 | 213 |
2021-11-01 | $248,350 (26.1%) | $381,237 (29.5%) | 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 (32.2%) | 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 | $288,000 (25.2%) | $399,829 (21.5%) | 0.66 | 221 |
2022-06-01 | $280,000 (23.6%) | $379,507 (13.3%) | 0.62 | 275 |
2022-07-01 | $269,900 (20.0%) | $358,217 (7.4%) | 0.61 | 331 |
2022-08-01 | $271,700 (22.5%) | $348,883 (5.3%) | 0.63 | 350 |
2022-09-01 | $260,000 (18.2%) | $331,421 (-1.6%) | 0.61 | 379 |
2022-10-01 | $255,000 (7.1%) | $327,909 (-11.9%) | 0.60 | 406 |
2022-11-01 | $252,384 (1.6%) | $316,445 (-17.0%) | 0.61 | 444 |
2022-12-01 | $250,000 (-1.9%) | $313,838 (-22.0%) | 0.62 | 507 |
2023-01-01 | $249,050 (-0.4%) | $316,224 (-20.8%) | 0.62 | 447 |
2023-02-01 | $249,725 (4.3%) | $311,828 (-17.5%) | 0.60 | 441 |
2023-03-01 | $256,875 (-0.9%) | $320,334 (-16.2%) | 0.61 | 436 |
2023-04-01 | $255,250 (-5.4%) | $321,732 (-17.3%) | 0.59 | 441 |
2023-05-01 | $249,225 (-13.5%) | $317,175 (-20.7%) | 0.57 | 498 |
2023-06-01 | $249,900 (-10.8%) | $318,900 (-16.0%) | 0.56 | 531 |
2023-07-01 | $249,950 (-7.4%) | $316,344 (-11.7%) | 0.57 | 584 |
2023-08-01 | $241,225 (-11.2%) | $310,128 (-11.1%) | 0.55 | 598 |
2023-09-01 | $240,000 (-7.7%) | $305,607 (-7.8%) | 0.56 | 630 |
2023-10-01 | $239,000 (-6.3%) | $300,044 (-8.5%) | 0.56 | 672 |
2023-11-01 | $238,500 (-5.5%) | $298,775 (-5.6%) | 0.57 | 683 |
2023-12-01 | $239,000 (-4.4%) | $302,425 (-3.6%) | 0.58 | 675 |
2024-01-01 | $236,750 (-4.9%) | $302,066 (-4.5%) | 0.58 | 639 |
2024-02-01 | $230,500 (-7.7%) | $298,692 (-4.2%) | 0.55 | 622 |
2024-03-01 | $230,500 (-10.3%) | $295,200 (-7.9%) | 0.54 | 646 |
2024-04-01 | $229,900 (-9.9%) | $298,086 (-7.4%) | 0.53 | 709 |
2024-05-01 | $229,450 (-7.9%) | $301,440 (-5.0%) | 0.52 | 734 |
2024-06-01 | $231,615 (-7.3%) | $302,692 (-5.1%) | 0.52 | 760 |
2024-07-01 | $234,475 (-6.2%) | $299,855 (-5.2%) | 0.54 | 791 |
2024-08-01 | $229,500 (-4.9%) | $304,667 (-1.8%) | 0.53 | 796 |
2024-09-01 | $229,500 (-4.4%) | $306,372 (0.3%) | 0.54 | 791 |
2024-10-01 | $232,500 (-2.7%) | $307,009 (2.3%) | 0.55 | 797 |
Houma's median listing price comes in at 55% of the national average.
Houma's average listing price for 2024-10-01 was $307,009, a difference of $6,965 (2.3%) versus the prior year and $637 versus the prior month.
For the 2024-10-01 period, Houma had 797 MLS listings, a difference of 6 listings (1%) versus the prior month and 125 listings (19%) 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 | 110 days | 2,458 sqft |
2018-02-01 | 107 days | 2,491 sqft |
2018-03-01 | 112 days | 1,996 sqft |
2018-04-01 | 84 days | 1,892 sqft |
2018-05-01 | 81 days | 1,918 sqft |
2018-06-01 | 81 days | 1,973 sqft |
2018-07-01 | 82 days | 1,990 sqft |
2018-08-01 | 85 days | 2,008 sqft |
2018-09-01 | 87 days | 2,001 sqft |
2018-10-01 | 88 days | 1,988 sqft |
2018-11-01 | 92 days | 1,941 sqft |
2018-12-01 | 101 days | 1,969 sqft |
2019-01-01 | 109 days | 1,989 sqft |
2019-02-01 | 106 days | 1,999 sqft |
2019-03-01 | 87 days | 2,021 sqft |
2019-04-01 | 84 days | 2,049 sqft |
2019-05-01 | 85 days | 2,150 sqft |
2019-06-01 | 84 days | 2,152 sqft |
2019-07-01 | 88 days | 2,223 sqft |
2019-08-01 | 88 days | 2,368 sqft |
2019-09-01 | 88 days | 2,520 sqft |
2019-10-01 | 88 days | 2,647 sqft |
2019-11-01 | 92 days | 2,642 sqft |
2019-12-01 | 98 days | 2,654 sqft |
2020-01-01 | 104 days | 2,664 sqft |
2020-02-01 | 96 days | 2,681 sqft |
2020-03-01 | 89 days | 2,671 sqft |
2020-04-01 | 93 days | 2,703 sqft |
2020-05-01 | 102 days | 2,757 sqft |
2020-06-01 | 110 days | 2,803 sqft |
2020-07-01 | 94 days | 2,737 sqft |
2020-08-01 | 79 days | 2,714 sqft |
2020-09-01 | 78 days | 2,723 sqft |
2020-10-01 | 82 days | 2,711 sqft |
2020-11-01 | 83 days | 2,771 sqft |
2020-12-01 | 86 days | 2,836 sqft |
2021-01-01 | 91 days | 2,756 sqft |
2021-02-01 | 84 days | 2,724 sqft |
2021-03-01 | 59 days | 2,793 sqft |
2021-04-01 | 66 days | 2,926 sqft |
2021-05-01 | 73 days | 3,085 sqft |
2021-06-01 | 69 days | 2,984 sqft |
2021-07-01 | 69 days | 3,012 sqft |
2021-08-01 | 64 days | 2,930 sqft |
2021-09-01 | 79 days | 2,949 sqft |
2021-10-01 | 88 days | 3,126 sqft |
2021-11-01 | 93 days | 3,152 sqft |
2021-12-01 | 87 days | 3,235 sqft |
2022-01-01 | 86 days | 3,149 sqft |
2022-02-01 | 68 days | 3,098 sqft |
2022-03-01 | 56 days | 3,081 sqft |
2022-04-01 | 44 days | 3,014 sqft |
2022-05-01 | 54 days | 3,025 sqft |
2022-06-01 | 38 days | 2,915 sqft |
2022-07-01 | 45 days | 2,780 sqft |
2022-08-01 | 60 days | 2,751 sqft |
2022-09-01 | 70 days | 2,631 sqft |
2022-10-01 | 71 days | 2,681 sqft |
2022-11-01 | 73 days | 2,622 sqft |
2022-12-01 | 70 days | 2,480 sqft |
2023-01-01 | 33 days | 1,802 sqft |
2023-02-01 | 56 days | 1,835 sqft |
2023-03-01 | 84 days | 1,898 sqft |
2023-04-01 | 88 days | 1,906 sqft |
2023-05-01 | 78 days | 1,865 sqft |
2023-06-01 | 71 days | 1,855 sqft |
2023-07-01 | 77 days | 1,838 sqft |
2023-08-01 | 84 days | 1,833 sqft |
2023-09-01 | 87 days | 1,820 sqft |
2023-10-01 | 93 days | 1,820 sqft |
2023-11-01 | 98 days | 1,813 sqft |
2023-12-01 | 99 days | 1,821 sqft |
2024-01-01 | 105 days | 1,806 sqft |
2024-02-01 | 105 days | 1,783 sqft |
2024-03-01 | 95 days | 1,800 sqft |
2024-04-01 | 72 days | 1,784 sqft |
2024-05-01 | 72 days | 1,800 sqft |
2024-06-01 | 75 days | 1,808 sqft |
2024-07-01 | 86 days | 1,783 sqft |
2024-08-01 | 87 days | 1,781 sqft |
2024-09-01 | 94 days | 1,780 sqft |
2024-10-01 | 102 days | 1,782 sqft |
Houma's median square footage for active listings during the 2024-10-01 period was 1,782 sqft. One year prior, the average listing was 1,820 sqft.