Monroe VA Loan Rates, Closing Costs & Stats
MONROE, 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.
Monroe's 39 lenders originated 165 VA loans during 2023. The total origination value was $37,515,000, with an average VA loan value of $227,364.
Monroe VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Monroe
averaged
6.05%
for the week of 2024-10-11, compared to the national average (all VA variants) of
5.854% for the same period.
Monroe's average VA mortgage closing costs are $4,989.
The average rate for the prior week (2024-10-04) was
6.02% and
one month ago for the week of 2024-09-06, the
average rate was 6.21%.
The average rate one year ago was 7.48%.
For refis of the same type during the week of 2024-10-11, the average rate
was 6.05%.
Monroe 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 Monroe level.
The top Monroe VA lender as defined by loan originations is Mortgage Research Center, LLC, with
38 VA loans originated. Their average total fees are
$2,964, which is $829
lower than the next largest lender,
Origin Bank.
The lowest fee Monroe VA lenders (with over 10 loans originated) are
Mortgage Research Center, LLC ($2,964), Origin Bank ($3,793), Eagle Bank and Trust Company ($5,974), .
The lowest rate Monroe VA lenders (with over 10 loans originated) are
Eagle Bank and Trust Company (6.26%), Origin Bank (6.27%), Mortgage Research Center, LLC (6.97%), .
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Monroe (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $187,500 (2.8%) | $228,320 (-0.8%) | 0.70 | 881 |
2018-02-01 | $185,000 (2.8%) | $223,473 (-3.3%) | 0.67 | 937 |
2018-03-01 | $185,900 (3.4%) | $223,521 (-1.9%) | 0.65 | 951 |
2018-04-01 | $185,475 (0.3%) | $223,703 (-3.2%) | 0.63 | 1,015 |
2018-05-01 | $190,000 (0.5%) | $226,054 (-2.3%) | 0.63 | 1,060 |
2018-06-01 | $193,500 (-0.8%) | $231,702 (-0.7%) | 0.65 | 1,046 |
2018-07-01 | $198,000 (3.3%) | $235,190 (1.1%) | 0.66 | 1,099 |
2018-08-01 | $192,500 (2.8%) | $233,286 (0.6%) | 0.64 | 1,118 |
2018-09-01 | $191,500 (1.5%) | $233,005 (0.1%) | 0.64 | 1,107 |
2018-10-01 | $187,875 (-0.3%) | $229,028 (-1.4%) | 0.64 | 1,098 |
2018-11-01 | $185,000 (-2.8%) | $226,731 (-2.7%) | 0.63 | 1,068 |
2018-12-01 | $184,900 (-5.2%) | $224,592 (-2.4%) | 0.64 | 999 |
2019-01-01 | $186,125 (-0.7%) | $227,845 (-0.2%) | 0.64 | 957 |
2019-02-01 | $187,250 (1.2%) | $227,088 (1.6%) | 0.63 | 1,010 |
2019-03-01 | $190,714 (2.6%) | $229,648 (2.7%) | 0.62 | 1,068 |
2019-04-01 | $196,750 (6.1%) | $232,914 (4.1%) | 0.62 | 1,124 |
2019-05-01 | $195,000 (2.6%) | $230,386 (1.9%) | 0.61 | 1,137 |
2019-06-01 | $194,950 (0.8%) | $231,020 (-0.3%) | 0.61 | 1,120 |
2019-07-01 | $196,100 (-1.0%) | $232,987 (-0.9%) | 0.61 | 1,135 |
2019-08-01 | $195,032 (1.3%) | $231,934 (-0.6%) | 0.62 | 1,110 |
2019-09-01 | $191,780 (0.2%) | $230,085 (-1.3%) | 0.61 | 1,090 |
2019-10-01 | $192,486 (2.5%) | $232,607 (1.6%) | 0.62 | 1,041 |
2019-11-01 | $199,250 (7.7%) | $236,941 (4.5%) | 0.65 | 988 |
2019-12-01 | $199,900 (8.1%) | $237,368 (5.7%) | 0.67 | 932 |
2020-01-01 | $207,750 (11.6%) | $239,627 (5.2%) | 0.69 | 714 |
2020-02-01 | $199,900 (6.8%) | $231,669 (2.0%) | 0.65 | 706 |
2020-03-01 | $199,900 (4.8%) | $230,519 (0.4%) | 0.63 | 670 |
2020-04-01 | $199,450 (1.4%) | $229,181 (-1.6%) | 0.62 | 637 |
2020-05-01 | $209,000 (7.2%) | $236,523 (2.7%) | 0.64 | 577 |
2020-06-01 | $209,998 (7.7%) | $243,949 (5.6%) | 0.62 | 566 |
2020-07-01 | $215,000 (9.6%) | $247,460 (6.2%) | 0.62 | 536 |
2020-08-01 | $219,000 (12.3%) | $263,520 (13.6%) | 0.63 | 521 |
2020-09-01 | $214,925 (12.1%) | $264,025 (14.8%) | 0.62 | 489 |
2020-10-01 | $219,900 (14.2%) | $267,446 (15.0%) | 0.63 | 454 |
2020-11-01 | $218,864 (9.8%) | $264,481 (11.6%) | 0.64 | 419 |
2020-12-01 | $219,675 (9.9%) | $263,476 (11.0%) | 0.65 | 382 |
2021-01-01 | $210,000 (1.1%) | $262,871 (9.7%) | 0.63 | 348 |
2021-02-01 | $207,500 (3.8%) | $265,241 (14.5%) | 0.60 | 326 |
2021-03-01 | $219,900 (10.0%) | $270,142 (17.2%) | 0.62 | 285 |
2021-04-01 | $230,700 (15.7%) | $267,328 (16.7%) | 0.62 | 258 |
2021-05-01 | $229,000 (9.6%) | $266,419 (12.6%) | 0.61 | 235 |
2021-06-01 | $231,700 (10.3%) | $279,402 (14.5%) | 0.61 | 247 |
2021-07-01 | $239,900 (11.6%) | $298,300 (20.5%) | 0.63 | 262 |
2021-08-01 | $240,500 (9.8%) | $303,470 (15.2%) | 0.64 | 274 |
2021-09-01 | $239,375 (11.4%) | $308,450 (16.8%) | 0.64 | 257 |
2021-10-01 | $229,000 (4.1%) | $290,209 (8.5%) | 0.61 | 217 |
2021-11-01 | $221,600 (1.3%) | $306,736 (16.0%) | 0.59 | 206 |
2021-12-01 | $231,750 (5.5%) | $312,309 (18.5%) | 0.63 | 203 |
2022-01-01 | $246,500 (17.4%) | $306,023 (16.4%) | 0.67 | 187 |
2022-02-01 | $260,723 (25.7%) | $315,793 (19.1%) | 0.68 | 175 |
2022-03-01 | $254,975 (16.0%) | $300,594 (11.3%) | 0.64 | 176 |
2022-04-01 | $260,000 (12.7%) | $310,949 (16.3%) | 0.62 | 169 |
2022-05-01 | $249,950 (9.2%) | $294,123 (10.4%) | 0.57 | 181 |
2022-06-01 | $247,000 (6.6%) | $289,553 (3.6%) | 0.55 | 216 |
2022-07-01 | $250,000 (4.2%) | $300,403 (0.7%) | 0.56 | 235 |
2022-08-01 | $253,225 (5.3%) | $321,084 (5.8%) | 0.59 | 257 |
2022-09-01 | $253,725 (6.0%) | $322,550 (4.6%) | 0.59 | 263 |
2022-10-01 | $245,000 (7.0%) | $337,213 (16.2%) | 0.58 | 258 |
2022-11-01 | $239,450 (8.1%) | $322,927 (5.3%) | 0.58 | 284 |
2022-12-01 | $238,450 (2.9%) | $310,828 (-0.5%) | 0.59 | 287 |
2023-01-01 | $238,500 (-3.3%) | $299,300 (-2.2%) | 0.59 | 257 |
2023-02-01 | $243,500 (-6.6%) | $312,148 (-1.2%) | 0.59 | 254 |
2023-03-01 | $241,250 (-5.4%) | $311,463 (3.6%) | 0.57 | 272 |
2023-04-01 | $240,000 (-7.7%) | $303,732 (-2.3%) | 0.56 | 263 |
2023-05-01 | $243,720 (-2.5%) | $304,524 (3.5%) | 0.55 | 287 |
2023-06-01 | $246,575 (-0.2%) | $309,551 (6.9%) | 0.55 | 296 |
2023-07-01 | $259,000 (3.6%) | $319,101 (6.2%) | 0.59 | 314 |
2023-08-01 | $251,290 (-0.8%) | $316,131 (-1.5%) | 0.58 | 334 |
2023-09-01 | $250,000 (-1.5%) | $312,911 (-3.0%) | 0.58 | 336 |
2023-10-01 | $249,500 (1.8%) | $307,231 (-8.9%) | 0.59 | 334 |
2023-11-01 | $244,000 (1.9%) | $304,974 (-5.6%) | 0.58 | 362 |
2023-12-01 | $240,000 (0.7%) | $303,713 (-2.3%) | 0.59 | 365 |
2024-01-01 | $236,500 (-0.8%) | $297,523 (-0.6%) | 0.58 | 350 |
2024-02-01 | $239,925 (-1.5%) | $291,893 (-6.5%) | 0.58 | 349 |
2024-03-01 | $250,000 (3.6%) | $299,160 (-4.0%) | 0.59 | 360 |
2024-04-01 | $259,000 (7.9%) | $313,081 (3.1%) | 0.60 | 377 |
2024-05-01 | $268,375 (10.1%) | $337,027 (10.7%) | 0.61 | 377 |
2024-06-01 | $259,000 (5.0%) | $337,342 (9.0%) | 0.58 | 387 |
2024-07-01 | $270,250 (4.3%) | $333,345 (4.5%) | 0.62 | 394 |
2024-08-01 | $259,000 (3.1%) | $314,332 (-0.6%) | 0.60 | 423 |
2024-09-01 | $249,400 (-0.2%) | $301,955 (-3.5%) | 0.59 | 434 |
Monroe's median listing price comes in at 59% of the national average.
Monroe's average listing price for 2024-09-01 was $301,955, a difference of $-10,956 (-3.5%) versus the prior year and $-12,377 versus the prior month.
For the 2024-09-01 period, Monroe had 434 MLS listings, a difference of 11 listings (3%) versus the prior month and 98 listings (29%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Monroe (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 100 days | 1,976 sqft |
2018-02-01 | 98 days | 1,943 sqft |
2018-03-01 | 93 days | 1,950 sqft |
2018-04-01 | 80 days | 1,962 sqft |
2018-05-01 | 74 days | 1,961 sqft |
2018-06-01 | 72 days | 1,983 sqft |
2018-07-01 | 72 days | 1,985 sqft |
2018-08-01 | 73 days | 1,947 sqft |
2018-09-01 | 80 days | 1,939 sqft |
2018-10-01 | 86 days | 1,906 sqft |
2018-11-01 | 92 days | 1,909 sqft |
2018-12-01 | 102 days | 1,914 sqft |
2019-01-01 | 116 days | 1,923 sqft |
2019-02-01 | 109 days | 1,926 sqft |
2019-03-01 | 93 days | 1,937 sqft |
2019-04-01 | 77 days | 1,950 sqft |
2019-05-01 | 78 days | 1,943 sqft |
2019-06-01 | 81 days | 1,970 sqft |
2019-07-01 | 84 days | 1,960 sqft |
2019-08-01 | 89 days | 1,951 sqft |
2019-09-01 | 93 days | 1,939 sqft |
2019-10-01 | 94 days | 1,954 sqft |
2019-11-01 | 99 days | 1,978 sqft |
2019-12-01 | 107 days | 1,981 sqft |
2020-01-01 | 115 days | 1,990 sqft |
2020-02-01 | 120 days | 1,922 sqft |
2020-03-01 | 106 days | 1,936 sqft |
2020-04-01 | 96 days | 1,941 sqft |
2020-05-01 | 91 days | 2,012 sqft |
2020-06-01 | 83 days | 2,005 sqft |
2020-07-01 | 63 days | 2,006 sqft |
2020-08-01 | 65 days | 2,010 sqft |
2020-09-01 | 74 days | 2,026 sqft |
2020-10-01 | 79 days | 2,082 sqft |
2020-11-01 | 90 days | 2,060 sqft |
2020-12-01 | 88 days | 2,049 sqft |
2021-01-01 | 86 days | 2,050 sqft |
2021-02-01 | 79 days | 2,068 sqft |
2021-03-01 | 71 days | 2,074 sqft |
2021-04-01 | 69 days | 2,090 sqft |
2021-05-01 | 50 days | 2,052 sqft |
2021-06-01 | 44 days | 2,081 sqft |
2021-07-01 | 44 days | 2,044 sqft |
2021-08-01 | 43 days | 2,075 sqft |
2021-09-01 | 50 days | 2,019 sqft |
2021-10-01 | 66 days | 2,009 sqft |
2021-11-01 | 58 days | 1,937 sqft |
2021-12-01 | 58 days | 1,953 sqft |
2022-01-01 | 60 days | 1,971 sqft |
2022-02-01 | 48 days | 2,064 sqft |
2022-03-01 | 50 days | 2,076 sqft |
2022-04-01 | 44 days | 2,064 sqft |
2022-05-01 | 32 days | 2,010 sqft |
2022-06-01 | 31 days | 2,027 sqft |
2022-07-01 | 40 days | 2,096 sqft |
2022-08-01 | 52 days | 2,114 sqft |
2022-09-01 | 59 days | 2,103 sqft |
2022-10-01 | 54 days | 2,114 sqft |
2022-11-01 | 52 days | 2,051 sqft |
2022-12-01 | 60 days | 1,951 sqft |
2023-01-01 | 82 days | 1,930 sqft |
2023-02-01 | 83 days | 1,966 sqft |
2023-03-01 | 60 days | 2,010 sqft |
2023-04-01 | 60 days | 2,000 sqft |
2023-05-01 | 53 days | 1,984 sqft |
2023-06-01 | 57 days | 2,001 sqft |
2023-07-01 | 64 days | 2,073 sqft |
2023-08-01 | 61 days | 2,015 sqft |
2023-09-01 | 65 days | 2,017 sqft |
2023-10-01 | 67 days | 2,020 sqft |
2023-11-01 | 71 days | 2,020 sqft |
2023-12-01 | 75 days | 1,981 sqft |
2024-01-01 | 90 days | 1,950 sqft |
2024-02-01 | 87 days | 1,981 sqft |
2024-03-01 | 66 days | 1,985 sqft |
2024-04-01 | 57 days | 2,036 sqft |
2024-05-01 | 58 days | 2,067 sqft |
2024-06-01 | 64 days | 2,015 sqft |
2024-07-01 | 65 days | 2,000 sqft |
2024-08-01 | 61 days | 1,959 sqft |
2024-09-01 | 61 days | 1,905 sqft |
Monroe's median square footage for active listings during the 2024-09-01 period was 1,905 sqft. One year prior, the average listing was 2,017 sqft.