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 40 lenders originated 215 VA loans during 2024. The total origination value was $55,185,000, with an average VA loan value of $256,674.

    Lake Charles VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Lake Charles averaged 0.01% for the week of 2025-06-20, compared to the national average (all VA variants) of 0% for the same period.

    Lake Charles's average VA mortgage closing costs are $5,365.

    The average rate for the prior week (2025-06-13) was 6.56% and one month ago for the week of 2025-05-16, the average rate was 6.52%.

    The average rate one year ago was 6.82%.

    For refis of the same type during the week of 2025-06-20, the average rate was 0.49%.

    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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Mortgage Research Center, LLC 55 6.42% $3,682
    UNITED WHOLESALE MORTGAGE, LLC 20 5.96% $5,894
    FREEDOM MORTGAGE CORPORATION 16 6.19% $5,252
    HOMESIDE FINANCIAL, LLC 11 6.82% $9,182
    QUICKEN LOANS, LLC 10 6.28% $11,527
    DHI MORTGAGE COMPANY, LTD. 8 4.64% $5,590
    DSLD MORTGAGE, LLC 7 5.31% $1,859
    NAVY FEDERAL CREDIT UNION 6 6.10% $2,518
    VILLAGE CAPITAL MORTGAGE 6 5.87% $3,367
    FIDELITY BANK 6 6.56% $4,271
    GMFS LLC 5 6.78% $4,951
    PENNYMAC LOAN SERVICES, LLC 5 5.55% $7,092
    USAA Federal Savings Bank 5 6.15% $5,687
    MORTGAGE SOLUTIONS OF COLORADO, LLC 4 7.16% $3,203
    UNION HOME MORTGAGE CORP. 3 6.29% $8,433
    CROSSCOUNTRY MORTGAGE, LLC 3 6.92% $3,366
    AFFORDABLE MORTGAGE ADVISORS, LLC. 2 6.69% $7,892
    CLEARPATH LENDING 2 5.74% $6,290
    Equity Prime Mortgage LLC 2 7.13% $9,061
    EUSTIS AND AMERICAN MORTGAGE COMPANY 2 6.81% $4,982
    INSPIRE HOME LOANS INC. 2 5.69% $5,982
    Nations Lending Corporation 2 7.25% $2,958
    NEW DAY FINANCIAL, LLC 2 7.74% $15,895
    NEWREZ LLC 2 6.25% $5,467
    Carrington Mortgage Services, LLC 1 5.88% $5,320
    GUARANTEED RATE AFFINITY, LLC 1 5.65% $2,375
    Barrington Bank & Trust Company, N.A. 1 7.75% $4,719
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 7.13% $3,758
    First Horizon Bank 1 5.25% $16,645
    PHH Mortgage Corporation 1 5.25% $5,340
    Plains Commerce Bank 1 6.88% $7,471
    PLANET HOME LENDING, LLC 1 5.99% $4,177
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 5.99% $0
    EVERETT FINANCIAL, INC. 1 7.13% $16,834
    T2 FINANCIAL LLC 1 7.13% $6,996
    The Federal Savings Bank 1 6.75% $11,292
    DAS Acquisition Company, LLC 1 7.13% $16,704
    Magnolia Bank 1 5.63% $26,498
    JPMorgan Chase Bank 1 5.75% $0
    GUARANTEED RATE, INC. 1 6.23% $600

    The top Lake Charles VA lender as defined by loan originations is Mortgage Research Center, LLC, with 55 VA loans originated. Their average total fees are $3,682, which is $2,213 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Lake Charles VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($3,682), FREEDOM MORTGAGE CORPORATION ($5,252), UNITED WHOLESALE MORTGAGE, LLC ($5,894), HOMESIDE FINANCIAL, LLC ($9,182) and QUICKEN LOANS, LLC ($11,527).

    The lowest rate Lake Charles VA lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC (5.96%), FREEDOM MORTGAGE CORPORATION (6.19%), QUICKEN LOANS, LLC (6.28%), Mortgage Research Center, LLC (6.42%) and HOMESIDE FINANCIAL, LLC (6.82%).

    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.