Lake Charles VA Loan Rates, Closing Costs & Stats

LAKE CHARLES, 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.

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 6.27% for the week of 2025-04-04, compared to the national average (all VA variants) of 6.06% for the same period.

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

The average rate for the prior week (2025-03-28) was 6.59% and one month ago for the week of 2025-02-28, the average rate was 6.57%.

The average rate one year ago was 6.48%.

For refis of the same type during the week of 2025-04-04, the average rate was 6.45%.

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%).


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%) 0.83 932
2018-02-01 $224,250 (-2.3%) $281,913 (-10.3%) 0.81 917
2018-03-01 $226,200 (-4.8%) $284,167 (-10.9%) 0.79 913
2018-04-01 $228,250 (-4.9%) $285,599 (-11.6%) 0.77 904
2018-05-01 $234,250 (-4.4%) $299,216 (-9.5%) 0.78 892
2018-06-01 $230,000 (-4.5%) $294,629 (-10.4%) 0.77 969
2018-07-01 $225,450 (-6.0%) $289,788 (-9.1%) 0.75 1,007
2018-08-01 $231,292 (-2.2%) $316,473 (4.1%) 0.77 1,032
2018-09-01 $228,000 (-2.9%) $309,421 (4.4%) 0.77 1,056
2018-10-01 $229,700 (-0.1%) $300,606 (2.0%) 0.78 1,084
2018-11-01 $226,250 (0.3%) $303,167 (3.3%) 0.77 1,101
2018-12-01 $226,200 (0.5%) $308,462 (5.5%) 0.78 1,094
2019-01-01 $225,889 (0.4%) $304,557 (6.9%) 0.78 1,073
2019-02-01 $229,000 (2.1%) $305,724 (8.5%) 0.77 1,078
2019-03-01 $229,429 (1.4%) $309,403 (8.9%) 0.75 1,057
2019-04-01 $232,450 (1.8%) $314,140 (10.0%) 0.74 1,035
2019-05-01 $237,350 (1.3%) $324,349 (8.4%) 0.74 998
2019-06-01 $237,000 (3.0%) $320,658 (8.8%) 0.74 976
2019-07-01 $231,250 (2.6%) $315,308 (8.8%) 0.72 1,040
2019-08-01 $228,609 (-1.2%) $310,639 (-1.8%) 0.72 1,068
2019-09-01 $226,523 (-0.7%) $308,776 (-0.2%) 0.72 1,073
2019-10-01 $225,182 (-2.0%) $310,409 (3.3%) 0.73 1,061
2019-11-01 $225,000 (-0.6%) $308,675 (1.8%) 0.74 1,045
2019-12-01 $215,000 (-5.0%) $252,454 (-18.2%) 0.72 933
2020-01-01 $215,000 (-4.8%) $253,974 (-16.6%) 0.72 916
2020-02-01 $218,200 (-4.7%) $257,225 (-15.9%) 0.71 926
2020-03-01 $216,443 (-5.7%) $262,914 (-15.0%) 0.68 940
2020-04-01 $215,313 (-7.4%) $261,860 (-16.6%) 0.67 960
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%) 0.65 929
2020-07-01 $219,900 (-4.9%) $273,837 (-13.2%) 0.64 916
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%) 0.64 619
2020-11-01 $225,125 (0.1%) $272,815 (-11.6%) 0.66 567
2020-12-01 $226,000 (5.1%) $270,723 (7.2%) 0.67 538
2021-01-01 $230,000 (7.0%) $272,581 (7.3%) 0.69 492
2021-02-01 $242,083 (11.0%) $286,672 (11.5%) 0.70 443
2021-03-01 $233,600 (7.9%) $284,131 (8.1%) 0.66 396
2021-04-01 $231,450 (7.5%) $282,027 (7.7%) 0.63 382
2021-05-01 $229,500 (4.8%) $287,957 (8.7%) 0.61 337
2021-06-01 $225,000 (2.3%) $286,061 (5.5%) 0.59 329
2021-07-01 $228,950 (4.1%) $282,854 (3.3%) 0.60 370
2021-08-01 $226,541 (3.3%) $284,033 (2.6%) 0.60 410
2021-09-01 $227,250 (3.8%) $278,933 (1.3%) 0.61 458
2021-10-01 $219,000 (-2.0%) $272,234 (-3.3%) 0.58 500
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%) 0.60 533
2022-02-01 $215,875 (-10.8%) $261,910 (-8.6%) 0.56 524
2022-03-01 $216,249 (-7.4%) $263,047 (-7.4%) 0.54 509
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%) 0.52 619
2022-07-01 $235,000 (2.6%) $281,075 (-0.6%) 0.53 703
2022-08-01 $228,125 (0.7%) $274,156 (-3.5%) 0.53 763
2022-09-01 $225,000 (-1.0%) $268,095 (-3.9%) 0.53 809
2022-10-01 $232,500 (6.2%) $270,255 (-0.7%) 0.55 882
2022-11-01 $232,200 (5.7%) $268,733 (0.7%) 0.56 929
2022-12-01 $229,700 (6.4%) $267,004 (3.5%) 0.57 941
2023-01-01 $229,950 (4.4%) $269,416 (3.1%) 0.57 901
2023-02-01 $225,250 (4.3%) $265,161 (1.2%) 0.54 876
2023-03-01 $233,250 (7.9%) $276,625 (5.2%) 0.55 879
2023-04-01 $230,000 (5.3%) $279,273 (2.1%) 0.53 871
2023-05-01 $237,750 (8.9%) $289,057 (3.4%) 0.54 964
2023-06-01 $241,950 (3.0%) $292,605 (1.8%) 0.54 949
2023-07-01 $244,800 (4.2%) $289,865 (3.1%) 0.56 984
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%) 0.55 1,007
2023-10-01 $235,250 (1.2%) $287,017 (6.2%) 0.55 997
2023-11-01 $235,250 (1.3%) $286,114 (6.5%) 0.56 982
2023-12-01 $239,000 (4.1%) $285,898 (7.1%) 0.58 962
2024-01-01 $238,625 (3.8%) $286,459 (6.3%) 0.58 910
2024-02-01 $239,925 (6.5%) $288,804 (8.9%) 0.58 952
2024-03-01 $243,500 (4.4%) $295,038 (6.7%) 0.57 981
2024-04-01 $242,500 (5.4%) $302,020 (8.2%) 0.56 996
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%) 0.55 1,077
2024-09-01 $239,500 (1.1%) $302,161 (6.1%) 0.56 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%) 0.58 1,082
2025-01-01 $235,000 (-1.5%) $289,527 (1.1%) 0.59 1,043
2025-02-01 $234,950 (-2.1%) $286,569 (-0.8%) 0.57 1,055
2025-03-01 $234,900 (-3.5%) $281,340 (-4.6%) 0.00 1,069
Lake Charles's median listing price for 2025-03-01 was $234,900, a difference of $-8,600 (-3.5%) versus the prior year and $-50 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 2025-03-01 was $281,340, a difference of $-13,698 (-4.6%) versus the prior year and $-5,229 versus the prior month.

For the 2025-03-01 period, Lake Charles had 1,069 MLS listings, a difference of 14 listings (1%) versus the prior month and 88 listings (9%) 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 87 days 1,919 sqft
2018-03-01 79 days 1,925 sqft
2018-04-01 71 days 1,933 sqft
2018-05-01 72 days 1,972 sqft
2018-06-01 72 days 1,977 sqft
2018-07-01 76 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 80 days 1,983 sqft
2018-12-01 86 days 1,979 sqft
2019-01-01 91 days 1,982 sqft
2019-02-01 95 days 1,982 sqft
2019-03-01 82 days 1,990 sqft
2019-04-01 76 days 2,005 sqft
2019-05-01 77 days 2,019 sqft
2019-06-01 79 days 2,020 sqft
2019-07-01 81 days 2,008 sqft
2019-08-01 80 days 1,994 sqft
2019-09-01 81 days 1,982 sqft
2019-10-01 82 days 1,988 sqft
2019-11-01 87 days 1,985 sqft
2019-12-01 89 days 1,888 sqft
2020-01-01 90 days 1,868 sqft
2020-02-01 92 days 1,874 sqft
2020-03-01 72 days 1,876 sqft
2020-04-01 80 days 1,875 sqft
2020-05-01 80 days 1,885 sqft
2020-06-01 81 days 1,899 sqft
2020-07-01 75 days 1,893 sqft
2020-08-01 75 days 1,899 sqft
2020-09-01 87 days 1,899 sqft
2020-10-01 97 days 1,900 sqft
2020-11-01 99 days 1,900 sqft
2020-12-01 71 days 1,899 sqft
2021-01-01 73 days 1,899 sqft
2021-02-01 65 days 1,895 sqft
2021-03-01 61 days 1,880 sqft
2021-04-01 56 days 1,877 sqft
2021-05-01 54 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 59 days 1,857 sqft
2021-11-01 65 days 1,850 sqft
2021-12-01 69 days 1,834 sqft
2022-01-01 71 days 1,829 sqft
2022-02-01 62 days 1,825 sqft
2022-03-01 57 days 1,836 sqft
2022-04-01 53 days 1,814 sqft
2022-05-01 53 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 68 days 1,870 sqft
2022-11-01 76 days 1,874 sqft
2022-12-01 89 days 1,865 sqft
2023-01-01 97 days 1,875 sqft
2023-02-01 98 days 1,851 sqft
2023-03-01 89 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 81 days 1,889 sqft
2023-08-01 78 days 1,881 sqft
2023-09-01 78 days 1,878 sqft
2023-10-01 84 days 1,883 sqft
2023-11-01 89 days 1,866 sqft
2023-12-01 93 days 1,870 sqft
2024-01-01 101 days 1,871 sqft
2024-02-01 95 days 1,880 sqft
2024-03-01 85 days 1,886 sqft
2024-04-01 74 days 1,884 sqft
2024-05-01 76 days 1,888 sqft
2024-06-01 81 days 1,878 sqft
2024-07-01 85 days 1,867 sqft
2024-08-01 82 days 1,858 sqft
2024-09-01 80 days 1,867 sqft
2024-10-01 86 days 1,849 sqft
2024-11-01 90 days 1,841 sqft
2024-12-01 96 days 1,824 sqft
2025-01-01 100 days 1,819 sqft
2025-02-01 97 days 1,823 sqft
2025-03-01 0 days 1,820 sqft
Lake Charles'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.

Lake Charles's median square footage for active listings during the 2025-03-01 period was 1,820 sqft. One year prior, the average listing was 1,886 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.