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%.

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

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.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
UNITED WHOLESALE MORTGAGE, LLC 35 6.30% $6,485
Assurance Financial Group, L.L.C. 15 6.64% $8,068
DSLD MORTGAGE, LLC 14 6.06% $5,534
Mortgage Research Center, LLC 14 6.86% $4,464
QUICKEN LOANS, LLC 7 6.01% $10,965
GMFS LLC 4 6.59% $5,854
NAVY FEDERAL CREDIT UNION 4 6.63% $2,194
NEWREZ LLC 3 6.75% $11,770
Citizens Bank 3 6.25% $7,584
AMERICAN PACIFIC MORTGAGE CORPORATION 2 5.94% $8,843
DHI MORTGAGE COMPANY, LTD. 2 5.50% $5,097
FREEDOM MORTGAGE CORPORATION 2 6.50% $16,433
JPMorgan Chase Bank 2 5.81% $11,219
LOANDEPOT.COM, LLC 2 6.13% $13,219
UNION HOME MORTGAGE CORP. 2 5.69% $16,809
GUARANTEED RATE, INC. 1 6.75% $2,795
GUARANTEED RATE AFFINITY, LLC 1 6.25% $3,850
FIRST COMMUNITY MORTGAGE, INC. 1 7.63% $13,967
Northwest Bank 1 6.25% $19,746
OCMBC, INC. 1 6.75% $14,798
BROKER SOLUTIONS, INC. 1 6.99% $12,322
RELIANCE FIRST CAPITAL, LLC 1 7.00% $7,242
VILLAGE CAPITAL MORTGAGE 1 7.38% $9,060
HOMEBRIDGE FINANCIAL SERVICES, INC. 1 6.88% $2,209
Barrington Bank & Trust Company, N.A. 1 7.25% $6,559
USAA Federal Savings Bank 1 5.00% $11,403

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. Louis
Date 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 for 2024-10-01 was $232,500, a difference of $-6,500 (-2.7%) versus the prior year and $3,000 versus the prior month.

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. Louis
Date 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 listing age (time on market) for 2024-10-01 was 102 days. This is 10% longer than the same period one year ago.

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.

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.