Lake Charles VA Loan Rates, Closing Costs & Stats

LAKE CHARLES, 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.

    Lake Charles's 36 lenders originated 186 VA loans during 2023. The total origination value was $45,750,000, with an average VA loan value of $245,968.

    Lake Charles VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Lake Charles averaged 6.77% for the week of 2025-02-14, compared to the national average (all VA variants) of 6.428% for the same period.

    Lake Charles's average VA mortgage closing costs are $5,344.

    The average rate for the prior week (2025-02-07) was 6.31% and one month ago for the week of 2025-01-10, the average rate was 6.64%.

    The average rate one year ago was 6.47%.

    For refis of the same type during the week of 2025-02-14, the average rate was 6.43%.

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

    Lake Charles 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 Lake Charles level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 43 6.81% $4,803
    UNITED WHOLESALE MORTGAGE, LLC 19 6.38% $6,306
    NAVY FEDERAL CREDIT UNION 12 5.89% $5,462
    FIDELITY BANK 11 6.76% $3,647
    DHI MORTGAGE COMPANY, LTD. 9 5.19% $7,596
    USAA Federal Savings Bank 8 6.23% $7,982
    DSLD MORTGAGE, LLC 8 5.73% $3,736
    GMFS LLC 6 6.00% $8,785
    NTFN, INC. 5 7.03% $8,596
    FREEDOM MORTGAGE CORPORATION 5 6.52% $13,670
    QUICKEN LOANS, LLC 4 6.25% $8,260
    NEWREZ LLC 4 7.00% $8,303
    PENNYMAC LOAN SERVICES, LLC 3 6.04% $7,102
    AMERICAN PACIFIC MORTGAGE CORPORATION 3 7.25% $9,679
    NEW DAY FINANCIAL, LLC 3 7.67% $9,799
    T2 FINANCIAL LLC 3 6.96% $8,440
    MORTGAGE SOLUTIONS OF COLORADO, LLC 3 7.75% $2,544
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 6.37% $1,928
    JPMorgan Chase Bank 2 5.06% $0
    Barrington Bank & Trust Company, N.A. 2 6.75% $10,722
    Chickasaw Community Bank 2 7.00% $6,773
    Red River Bank 2 5.94% $3,742
    Mr. Cooper ( Nationstar Mortgage ) 2 5.94% $7,543
    PENTAGON FEDERAL CREDIT UNION 2 5.88% $5,127
    VILLAGE CAPITAL MORTGAGE 1 7.13% $11,735
    Citizens Bank 1 6.25% $3,345
    CROSSCOUNTRY MORTGAGE, LLC 1 6.25% $2,085
    FBC MORTGAGE, LLC 1 5.75% $15,725
    Flagstar Bank, FSB 1 6.25% $21,694
    LAKEVIEW LOAN SERVICING, LLC 1 5.75% $16,134
    LEGEND LENDING CORPORATION 1 7.25% $6,687
    Plains Commerce Bank 1 5.75% $4,023
    PREMIA MORTGAGE, LLC 1 6.18% $13,248
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 7.75% $3,071
    UNION HOME MORTGAGE CORP. 1 6.00% $7,623
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 7.63% $4,852

    The top Lake Charles VA lender as defined by loan originations is Mortgage Research Center, LLC, with 43 VA loans originated. Their average total fees are $4,803, which is $1,503 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Lake Charles VA lenders (with over 10 loans originated) are FIDELITY BANK ($3,647), Mortgage Research Center, LLC ($4,803), NAVY FEDERAL CREDIT UNION ($5,462), UNITED WHOLESALE MORTGAGE, LLC ($6,306) and .

    The lowest rate Lake Charles VA lenders (with over 10 loans originated) are NAVY FEDERAL CREDIT UNION (5.89%), UNITED WHOLESALE MORTGAGE, LLC (6.38%), FIDELITY BANK (6.76%), Mortgage Research Center, LLC (6.81%) and .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Lake Charles (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 $224,900 (-2.2%) $284,992 (-10.5%) 0.86 932
    2018-02-01 $224,250 (-2.3%) $281,913 (-10.3%) 0.83 917
    2018-03-01 $226,200 (-4.8%) $284,167 (-10.9%) 0.82 913
    2018-04-01 $228,250 (-4.9%) $285,599 (-11.6%) 0.80 904
    2018-05-01 $234,250 (-4.4%) $299,216 (-9.5%) 0.82 892
    2018-06-01 $230,000 (-4.5%) $294,629 (-10.4%) 0.80 969
    2018-07-01 $225,450 (-6.0%) $289,788 (-9.1%) 0.78 1,007
    2018-08-01 $231,292 (-2.2%) $316,473 (4.1%) 0.80 1,032
    2018-09-01 $228,000 (-2.9%) $309,421 (4.4%) 0.79 1,056
    2018-10-01 $229,700 (-0.1%) $300,606 (2.0%) 0.80 1,084
    2018-11-01 $226,250 (0.3%) $303,167 (3.3%) 0.79 1,101
    2018-12-01 $226,200 (0.5%) $308,462 (5.5%) 0.81 1,094
    2019-01-01 $225,889 (0.4%) $304,557 (6.9%) 0.81 1,073
    2019-02-01 $229,000 (2.1%) $305,724 (8.5%) 0.80 1,078
    2019-03-01 $229,429 (1.4%) $309,403 (8.9%) 0.78 1,057
    2019-04-01 $232,450 (1.8%) $314,140 (10.0%) 0.76 1,035
    2019-05-01 $237,350 (1.3%) $324,349 (8.4%) 0.76 998
    2019-06-01 $237,000 (3.0%) $320,658 (8.8%) 0.75 976
    2019-07-01 $231,250 (2.6%) $315,308 (8.8%) 0.75 1,040
    2019-08-01 $228,609 (-1.2%) $310,639 (-1.8%) 0.75 1,068
    2019-09-01 $226,523 (-0.7%) $308,776 (-0.2%) 0.74 1,073
    2019-10-01 $225,182 (-2.0%) $310,409 (3.3%) 0.74 1,061
    2019-11-01 $225,000 (-0.6%) $308,675 (1.8%) 0.75 1,045
    2019-12-01 $215,000 (-5.0%) $252,454 (-18.2%) 0.73 933
    2020-01-01 $215,000 (-4.8%) $253,974 (-16.6%) 0.73 916
    2020-02-01 $218,200 (-4.7%) $257,225 (-15.9%) 0.73 926
    2020-03-01 $216,443 (-5.7%) $262,914 (-15.0%) 0.69 940
    2020-04-01 $215,313 (-7.4%) $261,860 (-16.6%) 0.69 960
    2020-05-01 $219,000 (-7.7%) $264,939 (-18.3%) 0.67 943
    2020-06-01 $219,950 (-7.2%) $271,135 (-15.4%) 0.66 929
    2020-07-01 $219,900 (-4.9%) $273,837 (-13.2%) 0.65 916
    2020-08-01 $219,225 (-4.1%) $276,891 (-10.9%) 0.63 915
    2020-09-01 $219,000 (-3.3%) $275,448 (-10.8%) 0.63 746
    2020-10-01 $223,500 (-0.8%) $281,582 (-9.3%) 0.65 619
    2020-11-01 $225,125 (0.1%) $272,815 (-11.6%) 0.67 567
    2020-12-01 $226,000 (5.1%) $270,723 (7.2%) 0.68 538
    2021-01-01 $230,000 (7.0%) $272,581 (7.3%) 0.70 492
    2021-02-01 $242,083 (11.0%) $286,672 (11.5%) 0.71 443
    2021-03-01 $233,600 (7.9%) $284,131 (8.1%) 0.68 396
    2021-04-01 $231,450 (7.5%) $282,027 (7.7%) 0.64 382
    2021-05-01 $229,500 (4.8%) $287,957 (8.7%) 0.62 337
    2021-06-01 $225,000 (2.3%) $286,061 (5.5%) 0.61 329
    2021-07-01 $228,950 (4.1%) $282,854 (3.3%) 0.62 370
    2021-08-01 $226,541 (3.3%) $284,033 (2.6%) 0.62 410
    2021-09-01 $227,250 (3.8%) $278,933 (1.3%) 0.62 458
    2021-10-01 $219,000 (-2.0%) $272,234 (-3.3%) 0.60 500
    2021-11-01 $219,675 (-2.4%) $266,883 (-2.2%) 0.59 542
    2021-12-01 $215,950 (-4.5%) $257,900 (-4.7%) 0.59 569
    2022-01-01 $220,325 (-4.2%) $261,246 (-4.2%) 0.61 533
    2022-02-01 $215,875 (-10.8%) $261,910 (-8.6%) 0.57 524
    2022-03-01 $216,249 (-7.4%) $263,047 (-7.4%) 0.55 509
    2022-04-01 $218,448 (-5.6%) $273,566 (-3.0%) 0.52 504
    2022-05-01 $218,425 (-4.8%) $279,531 (-2.9%) 0.50 545
    2022-06-01 $234,900 (4.4%) $287,476 (0.5%) 0.53 619
    2022-07-01 $235,000 (2.6%) $281,075 (-0.6%) 0.54 703
    2022-08-01 $228,125 (0.7%) $274,156 (-3.5%) 0.54 763
    2022-09-01 $225,000 (-1.0%) $268,095 (-3.9%) 0.54 809
    2022-10-01 $232,500 (6.2%) $270,255 (-0.7%) 0.56 882
    2022-11-01 $232,200 (5.7%) $268,733 (0.7%) 0.57 929
    2022-12-01 $229,700 (6.4%) $267,004 (3.5%) 0.58 941
    2023-01-01 $229,950 (4.4%) $269,416 (3.1%) 0.59 901
    2023-02-01 $225,250 (4.3%) $265,161 (1.2%) 0.55 876
    2023-03-01 $233,250 (7.9%) $276,625 (5.2%) 0.56 879
    2023-04-01 $230,000 (5.3%) $279,273 (2.1%) 0.55 871
    2023-05-01 $237,750 (8.9%) $289,057 (3.4%) 0.55 964
    2023-06-01 $241,950 (3.0%) $292,605 (1.8%) 0.56 949
    2023-07-01 $244,800 (4.2%) $289,865 (3.1%) 0.57 984
    2023-08-01 $239,850 (5.1%) $289,260 (5.5%) 0.55 999
    2023-09-01 $237,000 (5.3%) $284,917 (6.3%) 0.56 1,007
    2023-10-01 $235,250 (1.2%) $287,017 (6.2%) 0.56 997
    2023-11-01 $235,250 (1.3%) $286,114 (6.5%) 0.57 982
    2023-12-01 $239,000 (4.1%) $285,898 (7.1%) 0.59 962
    2024-01-01 $238,625 (3.8%) $286,459 (6.3%) 0.59 910
    2024-02-01 $239,925 (6.5%) $288,804 (8.9%) 0.59 952
    2024-03-01 $243,500 (4.4%) $295,038 (6.7%) 0.58 981
    2024-04-01 $242,500 (5.4%) $302,020 (8.2%) 0.57 996
    2024-05-01 $247,000 (3.9%) $307,994 (6.6%) 0.56 987
    2024-06-01 $242,750 (0.3%) $304,685 (4.1%) 0.55 996
    2024-07-01 $238,375 (-2.6%) $300,768 (3.8%) 0.55 1,071
    2024-08-01 $235,750 (-1.7%) $299,651 (3.6%) 0.56 1,077
    2024-09-01 $239,500 (1.1%) $302,161 (6.1%) 0.57 1,067
    2024-10-01 $236,000 (0.3%) $297,486 (3.7%) 0.56 1,074
    2024-11-01 $237,000 (0.7%) $296,559 (3.7%) 0.57 1,077
    2024-12-01 $235,250 (-1.6%) $290,157 (1.5%) 0.59 1,082
    2025-01-01 $235,000 (-1.5%) $289,527 (1.1%) 0.00 1,043
    Lake Charles's median listing price for 2025-01-01 was $235,000, a difference of $-3,625 (-1.5%) versus the prior year and $-250 versus the prior month.

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

    Lake Charles's average listing price for 2025-01-01 was $289,527, a difference of $3,068 (1.1%) versus the prior year and $-630 versus the prior month.

    For the 2025-01-01 period, Lake Charles had 1,043 MLS listings, a difference of -39 listings (-4%) versus the prior month and 133 listings (15%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Lake Charles (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 84 days 1,943 sqft
    2018-02-01 88 days 1,919 sqft
    2018-03-01 80 days 1,925 sqft
    2018-04-01 71 days 1,933 sqft
    2018-05-01 69 days 1,972 sqft
    2018-06-01 69 days 1,977 sqft
    2018-07-01 74 days 1,972 sqft
    2018-08-01 79 days 2,004 sqft
    2018-09-01 81 days 1,971 sqft
    2018-10-01 79 days 1,982 sqft
    2018-11-01 83 days 1,983 sqft
    2018-12-01 87 days 1,979 sqft
    2019-01-01 90 days 1,982 sqft
    2019-02-01 94 days 1,982 sqft
    2019-03-01 82 days 1,990 sqft
    2019-04-01 75 days 2,005 sqft
    2019-05-01 76 days 2,019 sqft
    2019-06-01 76 days 2,020 sqft
    2019-07-01 79 days 2,008 sqft
    2019-08-01 79 days 1,994 sqft
    2019-09-01 81 days 1,982 sqft
    2019-10-01 82 days 1,988 sqft
    2019-11-01 88 days 1,985 sqft
    2019-12-01 89 days 1,888 sqft
    2020-01-01 91 days 1,868 sqft
    2020-02-01 92 days 1,874 sqft
    2020-03-01 71 days 1,876 sqft
    2020-04-01 78 days 1,875 sqft
    2020-05-01 80 days 1,885 sqft
    2020-06-01 81 days 1,899 sqft
    2020-07-01 77 days 1,893 sqft
    2020-08-01 75 days 1,899 sqft
    2020-09-01 86 days 1,899 sqft
    2020-10-01 98 days 1,900 sqft
    2020-11-01 100 days 1,900 sqft
    2020-12-01 67 days 1,899 sqft
    2021-01-01 70 days 1,899 sqft
    2021-02-01 60 days 1,895 sqft
    2021-03-01 58 days 1,880 sqft
    2021-04-01 55 days 1,877 sqft
    2021-05-01 53 days 1,887 sqft
    2021-06-01 52 days 1,897 sqft
    2021-07-01 47 days 1,880 sqft
    2021-08-01 51 days 1,895 sqft
    2021-09-01 53 days 1,885 sqft
    2021-10-01 58 days 1,857 sqft
    2021-11-01 65 days 1,850 sqft
    2021-12-01 69 days 1,834 sqft
    2022-01-01 72 days 1,829 sqft
    2022-02-01 62 days 1,825 sqft
    2022-03-01 57 days 1,836 sqft
    2022-04-01 54 days 1,814 sqft
    2022-05-01 52 days 1,837 sqft
    2022-06-01 53 days 1,865 sqft
    2022-07-01 54 days 1,897 sqft
    2022-08-01 60 days 1,882 sqft
    2022-09-01 64 days 1,876 sqft
    2022-10-01 70 days 1,870 sqft
    2022-11-01 77 days 1,874 sqft
    2022-12-01 89 days 1,865 sqft
    2023-01-01 97 days 1,875 sqft
    2023-02-01 97 days 1,851 sqft
    2023-03-01 92 days 1,876 sqft
    2023-04-01 78 days 1,875 sqft
    2023-05-01 72 days 1,878 sqft
    2023-06-01 78 days 1,890 sqft
    2023-07-01 80 days 1,889 sqft
    2023-08-01 78 days 1,881 sqft
    2023-09-01 78 days 1,878 sqft
    2023-10-01 85 days 1,883 sqft
    2023-11-01 90 days 1,866 sqft
    2023-12-01 94 days 1,870 sqft
    2024-01-01 102 days 1,871 sqft
    2024-02-01 94 days 1,880 sqft
    2024-03-01 80 days 1,886 sqft
    2024-04-01 74 days 1,884 sqft
    2024-05-01 77 days 1,888 sqft
    2024-06-01 83 days 1,878 sqft
    2024-07-01 86 days 1,867 sqft
    2024-08-01 82 days 1,858 sqft
    2024-09-01 80 days 1,867 sqft
    2024-10-01 87 days 1,849 sqft
    2024-11-01 91 days 1,841 sqft
    2024-12-01 96 days 1,824 sqft
    2025-01-01 0 days 1,819 sqft
    Lake Charles's median listing age (time on market) for 2025-01-01 was 0 days. This is -100% shorter than the same period one year ago.

    Lake Charles's median square footage for active listings during the 2025-01-01 period was 1,819 sqft. One year prior, the average listing was 1,871 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.