Lafayette VA Loan Rates, Closing Costs & Stats

LAFAYETTE, 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.

Lafayette's 69 lenders originated 568 VA loans during 2024. The total origination value was $151,740,000, with an average VA loan value of $267,148.

Lafayette VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Lafayette averaged 6.35% for the week of 2025-04-04, compared to the national average (all VA variants) of 6.06% for the same period.

Lafayette's average VA mortgage closing costs are $5,456.

The average rate for the prior week (2025-03-28) was 6.57% and one month ago for the week of 2025-02-28, the average rate was 6.54%.

The average rate one year ago was 6.65%.

For refis of the same type during the week of 2025-04-04, the average rate was 6.32%.

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

Lafayette 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 Lafayette level.

Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
Mortgage Research Center, LLC 74 6.33% $4,952
UNITED WHOLESALE MORTGAGE, LLC 69 6.10% $6,524
FREEDOM MORTGAGE CORPORATION 45 6.06% $7,088
DSLD MORTGAGE, LLC 38 5.92% $2,647
DHI MORTGAGE COMPANY, LTD. 38 4.72% $6,001
PENNYMAC LOAN SERVICES, LLC 20 5.52% $6,366
QUICKEN LOANS, LLC 20 6.33% $9,787
NAVY FEDERAL CREDIT UNION 16 5.98% $4,035
FIRST COMMUNITY MORTGAGE, INC. 15 6.56% $6,291
EUSTIS AND AMERICAN MORTGAGE COMPANY 13 6.73% $6,534
NEWREZ LLC 12 6.35% $5,692
CROSSCOUNTRY MORTGAGE, LLC 10 6.59% $4,397
GMFS LLC 10 6.27% $6,560
Assurance Financial Group, L.L.C. 10 6.38% $7,994
VILLAGE CAPITAL MORTGAGE 10 5.66% $4,473
USAA Federal Savings Bank 9 6.38% $5,358
NEW DAY FINANCIAL, LLC 9 7.55% $9,872
PLANET HOME LENDING, LLC 8 5.75% $4,223
MORTGAGE SOLUTIONS OF COLORADO, LLC 7 6.82% $4,095
First Horizon Bank 7 6.07% $9,350
Mr. Cooper ( Nationstar Mortgage ) 6 6.31% $11,931
PLAZA HOME MORTGAGE, INC. 6 6.48% $8,186
LAKEVIEW LOAN SERVICING, LLC 5 5.80% $6,379
CLEARPATH LENDING 5 5.47% $4,175
SUN WEST MORTGAGE COMPANY, INC. 5 5.88% $6,328
Barrington Bank & Trust Company, N.A. 4 6.00% $4,777
SOUTHWEST FUNDING, LP 4 6.91% $5,369
TOWNE MORTGAGE COMPANY 4 6.28% $8,834
LOANDEPOT.COM, LLC 4 6.31% $7,818
Equity Prime Mortgage LLC 4 6.38% $7,795
The Federal Savings Bank 3 6.63% $12,076
The Loan Store, Inc. 3 6.12% $9,354
INSPIRE HOME LOANS INC. 2 4.38% $4,178
STOCKTON MORTGAGE CORPORATION 2 5.75% $6,310
BROKER SOLUTIONS, INC. 2 6.50% $6,444
STANDARD MORTGAGE CORPORATION 2 6.13% $6,504
Red River Bank 2 5.94% $25
ARK-LA-TEX FINANCIAL SERVICES, LLC. 2 5.88% $5,754
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 6.31% $8,873
Lakeview Community Capital, LLC 2 5.75% $2,855
Magnolia Bank 2 5.75% $6,795
MID AMERICA MORTGAGE, INC. 2 6.63% $3,779
V.I.P. MORTGAGE, INC. 1 7.13% $4,105
CARDINAL FINANCIAL 1 6.75% $5,699
CMG MORTGAGE, INC. 1 6.25% $10,183
CORNERSTONE HOME LENDING, INC. 1 6.00% $11,584
EMBRACE HOME LOANS, INC. 1 5.99% $29,202
FIDELITY BANK 1 6.00% $14,309
GENEVA FINANCIAL, LLC 1 7.25% $4,192
Hancock Whitney Bank 1 6.75% $8,619
JPMorgan Chase Bank 1 6.25% $9,623
KEESLER 1 5.88% $5,811
MICHIGAN MUTUAL, INC. 1 5.75% $4,388
MORTGAGE FINANCIAL SERVICES, LLC 1 6.63% $9,736
MUTUAL OF OMAHA MORTGAGE, INC. 1 6.25% $5,915
Origin Bank 1 6.63% $65
Paramount Residential Mortgage Group, Inc. 1 7.13% $3,209
PENTAGON FEDERAL CREDIT UNION 1 6.13% $9,553
Plains Commerce Bank 1 6.00% $15,450
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 6.63% $1,596
Prosperity Home Mortgage, LLC 1 6.75% $3,986
Regions Bank 1 5.75% $8,558
SECURITYNATIONAL MORTGAGE COMPANY 1 6.75% $750
SFMC, LP 1 5.50% $10,262
SWBC MORTGAGE CORPORATION 1 6.63% $3,116
TIB The Independent Bankersbank 1 6.50% $8,755
UNION HOME MORTGAGE CORP. 1 5.75% $4,519
U.S. Bank 1 6.63% $3,754
AMERICAN FINANCIAL RESOURCES, INC. 1 6.25% $4,683

The top Lafayette VA lender as defined by loan originations is Mortgage Research Center, LLC, with 74 VA loans originated. Their average total fees are $4,952, which is $1,572 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

The lowest fee Lafayette VA lenders (with over 10 loans originated) are DSLD MORTGAGE, LLC ($2,647), NAVY FEDERAL CREDIT UNION ($4,035), CROSSCOUNTRY MORTGAGE, LLC ($4,397), VILLAGE CAPITAL MORTGAGE ($4,473) and Mortgage Research Center, LLC ($4,952).

The lowest rate Lafayette VA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (4.72%), PENNYMAC LOAN SERVICES, LLC (5.52%), VILLAGE CAPITAL MORTGAGE (5.66%), DSLD MORTGAGE, LLC (5.92%) and NAVY FEDERAL CREDIT UNION (5.98%).


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Lafayette (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 $212,425 (-1.0%) $264,546 (-2.0%) 0.79 1,908
2018-02-01 $214,300 (-1.0%) $268,960 (0.1%) 0.78 1,930
2018-03-01 $215,000 (-1.9%) $270,834 (-1.6%) 0.75 2,018
2018-04-01 $219,183 (-2.6%) $276,517 (-2.3%) 0.74 2,027
2018-05-01 $219,000 (-2.7%) $276,132 (-3.1%) 0.73 2,091
2018-06-01 $217,500 (-3.3%) $275,234 (-3.5%) 0.73 2,168
2018-07-01 $217,800 (-2.3%) $276,035 (-2.9%) 0.73 2,216
2018-08-01 $217,600 (-1.1%) $273,029 (-2.5%) 0.73 2,255
2018-09-01 $218,703 (-0.1%) $273,536 (-1.6%) 0.74 2,221
2018-10-01 $215,000 (-0.9%) $269,033 (-2.8%) 0.73 2,203
2018-11-01 $215,000 (0.0%) $272,031 (-0.3%) 0.73 2,164
2018-12-01 $215,000 (1.0%) $272,748 (1.9%) 0.74 2,135
2019-01-01 $215,250 (1.3%) $276,764 (4.6%) 0.74 2,035
2019-02-01 $218,650 (2.0%) $281,958 (4.8%) 0.74 2,067
2019-03-01 $219,800 (2.2%) $286,127 (5.7%) 0.72 2,066
2019-04-01 $221,400 (1.0%) $290,734 (5.1%) 0.70 2,062
2019-05-01 $226,475 (3.4%) $295,283 (6.9%) 0.71 1,999
2019-06-01 $226,750 (4.3%) $296,241 (7.6%) 0.71 2,013
2019-07-01 $229,000 (5.1%) $300,855 (9.0%) 0.72 2,005
2019-08-01 $227,909 (4.7%) $301,092 (10.3%) 0.72 1,965
2019-09-01 $226,273 (3.5%) $301,580 (10.3%) 0.72 1,915
2019-10-01 $225,000 (4.7%) $302,686 (12.5%) 0.73 1,869
2019-11-01 $220,900 (2.7%) $298,107 (9.6%) 0.72 1,836
2019-12-01 $219,684 (2.2%) $292,253 (7.2%) 0.73 1,742
2020-01-01 $220,000 (2.2%) $293,739 (6.1%) 0.74 1,653
2020-02-01 $219,500 (0.4%) $298,639 (5.9%) 0.72 1,677
2020-03-01 $222,450 (1.2%) $311,720 (8.9%) 0.70 1,685
2020-04-01 $225,000 (1.6%) $313,931 (8.0%) 0.70 1,610
2020-05-01 $226,230 (-0.1%) $318,531 (7.9%) 0.69 1,579
2020-06-01 $225,450 (-0.6%) $322,912 (9.0%) 0.66 1,466
2020-07-01 $229,680 (0.3%) $325,731 (8.3%) 0.67 1,365
2020-08-01 $239,000 (4.9%) $330,989 (9.9%) 0.68 1,318
2020-09-01 $237,250 (4.9%) $333,851 (10.7%) 0.68 1,204
2020-10-01 $235,000 (4.4%) $340,250 (12.4%) 0.67 1,127
2020-11-01 $233,300 (5.6%) $341,597 (14.6%) 0.68 1,030
2020-12-01 $229,450 (4.5%) $342,499 (17.2%) 0.68 990
2021-01-01 $230,000 (4.6%) $346,735 (18.0%) 0.69 889
2021-02-01 $239,950 (9.3%) $348,746 (16.8%) 0.70 826
2021-03-01 $249,000 (11.9%) $361,906 (16.1%) 0.71 763
2021-04-01 $255,325 (13.5%) $382,882 (22.0%) 0.69 687
2021-05-01 $282,500 (24.9%) $405,844 (27.4%) 0.75 646
2021-06-01 $284,750 (26.3%) $415,741 (28.8%) 0.75 657
2021-07-01 $276,250 (20.3%) $420,321 (29.0%) 0.73 706
2021-08-01 $275,250 (15.2%) $425,538 (28.6%) 0.73 721
2021-09-01 $278,850 (17.5%) $430,831 (29.1%) 0.74 718
2021-10-01 $279,500 (18.9%) $409,354 (20.3%) 0.75 708
2021-11-01 $277,500 (19.0%) $403,473 (18.1%) 0.74 705
2021-12-01 $277,500 (20.9%) $394,657 (15.2%) 0.75 689
2022-01-01 $276,475 (20.2%) $397,302 (14.6%) 0.75 632
2022-02-01 $279,000 (16.3%) $403,943 (15.8%) 0.73 591
2022-03-01 $290,125 (16.5%) $417,325 (15.3%) 0.73 567
2022-04-01 $308,388 (20.8%) $426,286 (11.3%) 0.74 554
2022-05-01 $300,250 (6.3%) $427,208 (5.3%) 0.69 589
2022-06-01 $304,125 (6.8%) $417,726 (0.5%) 0.68 667
2022-07-01 $299,450 (8.4%) $397,690 (-5.4%) 0.67 782
2022-08-01 $295,600 (7.4%) $383,861 (-9.8%) 0.68 815
2022-09-01 $298,975 (7.2%) $387,269 (-10.1%) 0.70 849
2022-10-01 $294,600 (5.4%) $391,016 (-4.5%) 0.69 846
2022-11-01 $288,625 (4.0%) $375,028 (-7.1%) 0.69 894
2022-12-01 $293,250 (5.7%) $375,967 (-4.7%) 0.72 865
2023-01-01 $299,625 (8.4%) $383,123 (-3.6%) 0.74 848
2023-02-01 $295,000 (5.7%) $379,683 (-6.0%) 0.71 843
2023-03-01 $298,950 (3.0%) $384,760 (-7.8%) 0.71 861
2023-04-01 $283,000 (-8.2%) $378,150 (-11.3%) 0.66 888
2023-05-01 $285,281 (-5.0%) $379,070 (-11.3%) 0.65 911
2023-06-01 $280,500 (-7.8%) $376,526 (-9.9%) 0.63 944
2023-07-01 $274,000 (-8.5%) $362,721 (-8.8%) 0.62 1,035
2023-08-01 $270,700 (-8.4%) $358,217 (-6.7%) 0.62 1,044
2023-09-01 $274,900 (-8.1%) $356,699 (-7.9%) 0.64 1,048
2023-10-01 $269,950 (-8.4%) $350,552 (-10.4%) 0.64 1,073
2023-11-01 $273,091 (-5.4%) $349,699 (-6.8%) 0.65 1,114
2023-12-01 $270,000 (-7.9%) $353,280 (-6.0%) 0.66 1,143
2024-01-01 $266,200 (-11.2%) $353,669 (-7.7%) 0.65 1,093
2024-02-01 $267,725 (-9.3%) $358,337 (-5.6%) 0.64 1,065
2024-03-01 $265,000 (-11.4%) $358,961 (-6.7%) 0.62 1,104
2024-04-01 $267,765 (-5.4%) $353,152 (-6.6%) 0.62 1,213
2024-05-01 $269,225 (-5.6%) $355,995 (-6.1%) 0.61 1,214
2024-06-01 $270,000 (-3.7%) $359,667 (-4.5%) 0.61 1,265
2024-07-01 $273,500 (-0.2%) $365,572 (0.8%) 0.63 1,274
2024-08-01 $272,000 (0.5%) $363,742 (1.5%) 0.63 1,328
2024-09-01 $272,100 (-1.0%) $361,661 (1.4%) 0.64 1,334
2024-10-01 $279,950 (3.7%) $366,942 (4.7%) 0.66 1,377
2024-11-01 $275,000 (0.7%) $367,673 (5.1%) 0.66 1,411
2024-12-01 $269,950 (0.0%) $363,290 (2.8%) 0.67 1,428
2025-01-01 $269,525 (1.3%) $366,372 (3.6%) 0.67 1,375
2025-02-01 $269,913 (0.8%) $367,209 (2.5%) 0.66 1,376
2025-03-01 $269,900 (1.9%) $374,762 (4.4%) 0.00 1,364
Lafayette's median listing price for 2025-03-01 was $269,900, a difference of $4,900 (1.9%) versus the prior year and $-13 versus the prior month.

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

Lafayette's average listing price for 2025-03-01 was $374,762, a difference of $15,801 (4.4%) versus the prior year and $7,553 versus the prior month.

For the 2025-03-01 period, Lafayette had 1,364 MLS listings, a difference of -12 listings (-1%) versus the prior month and 260 listings (24%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Lafayette (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 100 days 1,863 sqft
2018-02-01 96 days 1,865 sqft
2018-03-01 74 days 1,862 sqft
2018-04-01 72 days 1,888 sqft
2018-05-01 68 days 1,891 sqft
2018-06-01 72 days 1,897 sqft
2018-07-01 79 days 1,888 sqft
2018-08-01 85 days 1,889 sqft
2018-09-01 88 days 1,893 sqft
2018-10-01 92 days 1,882 sqft
2018-11-01 95 days 1,879 sqft
2018-12-01 100 days 1,875 sqft
2019-01-01 107 days 1,893 sqft
2019-02-01 108 days 1,908 sqft
2019-03-01 98 days 1,910 sqft
2019-04-01 87 days 1,914 sqft
2019-05-01 83 days 1,935 sqft
2019-06-01 81 days 1,933 sqft
2019-07-01 86 days 1,951 sqft
2019-08-01 87 days 1,941 sqft
2019-09-01 86 days 1,926 sqft
2019-10-01 87 days 1,917 sqft
2019-11-01 86 days 1,916 sqft
2019-12-01 89 days 1,903 sqft
2020-01-01 93 days 1,900 sqft
2020-02-01 87 days 1,896 sqft
2020-03-01 73 days 1,922 sqft
2020-04-01 81 days 1,934 sqft
2020-05-01 87 days 1,930 sqft
2020-06-01 94 days 1,926 sqft
2020-07-01 79 days 1,969 sqft
2020-08-01 72 days 2,000 sqft
2020-09-01 73 days 1,983 sqft
2020-10-01 78 days 1,963 sqft
2020-11-01 78 days 1,997 sqft
2020-12-01 78 days 1,993 sqft
2021-01-01 75 days 2,000 sqft
2021-02-01 70 days 2,000 sqft
2021-03-01 57 days 2,010 sqft
2021-04-01 49 days 2,051 sqft
2021-05-01 48 days 2,164 sqft
2021-06-01 45 days 2,135 sqft
2021-07-01 46 days 2,080 sqft
2021-08-01 55 days 2,065 sqft
2021-09-01 60 days 2,077 sqft
2021-10-01 62 days 2,021 sqft
2021-11-01 61 days 1,995 sqft
2021-12-01 63 days 1,996 sqft
2022-01-01 71 days 1,972 sqft
2022-02-01 64 days 1,991 sqft
2022-03-01 59 days 2,091 sqft
2022-04-01 52 days 2,144 sqft
2022-05-01 52 days 2,101 sqft
2022-06-01 48 days 2,013 sqft
2022-07-01 46 days 2,000 sqft
2022-08-01 55 days 1,997 sqft
2022-09-01 62 days 2,000 sqft
2022-10-01 71 days 1,985 sqft
2022-11-01 75 days 1,959 sqft
2022-12-01 85 days 1,950 sqft
2023-01-01 91 days 1,960 sqft
2023-02-01 91 days 1,946 sqft
2023-03-01 66 days 1,949 sqft
2023-04-01 58 days 1,906 sqft
2023-05-01 61 days 1,908 sqft
2023-06-01 64 days 1,902 sqft
2023-07-01 66 days 1,885 sqft
2023-08-01 67 days 1,884 sqft
2023-09-01 71 days 1,887 sqft
2023-10-01 71 days 1,890 sqft
2023-11-01 67 days 1,863 sqft
2023-12-01 73 days 1,863 sqft
2024-01-01 81 days 1,850 sqft
2024-02-01 87 days 1,857 sqft
2024-03-01 71 days 1,851 sqft
2024-04-01 57 days 1,833 sqft
2024-05-01 60 days 1,858 sqft
2024-06-01 71 days 1,866 sqft
2024-07-01 73 days 1,861 sqft
2024-08-01 68 days 1,854 sqft
2024-09-01 76 days 1,861 sqft
2024-10-01 78 days 1,873 sqft
2024-11-01 84 days 1,863 sqft
2024-12-01 88 days 1,842 sqft
2025-01-01 97 days 1,833 sqft
2025-02-01 94 days 1,840 sqft
2025-03-01 0 days 1,851 sqft
Lafayette's median listing age (time on market) for 2025-03-01 was 0 days. This is -100% shorter than the same period one year ago.

Lafayette's median square footage for active listings during the 2025-03-01 period was 1,851 sqft. One year prior, the average listing was 1,851 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.