Monroe VA Loan Rates, Closing Costs & Stats

MONROE, 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.

    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 6.63% for the week of 2025-02-14, compared to the national average (all VA variants) of 6.428% for the same period.

    Monroe's average VA mortgage closing costs are $4,989.

    The average rate for the prior week (2025-02-07) was 6.66% and one month ago for the week of 2025-01-10, the average rate was 6.8%.

    The average rate one year ago was 6.62%.

    For refis of the same type during the week of 2025-02-14, the average rate was 6.92%.

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

    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.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 38 6.97% $2,964
    Origin Bank 18 6.27% $3,793
    Eagle Bank and Trust Company 11 6.26% $5,974
    QUICKEN LOANS, LLC 8 6.31% $10,704
    MOVEMENT MORTGAGE, LLC 7 6.84% $5,089
    Assurance Financial Group, L.L.C. 7 6.66% $6,417
    GMFS LLC 7 6.61% $3,252
    MORTGAGE SOLUTIONS OF COLORADO, LLC 6 7.06% $1,565
    UNITED WHOLESALE MORTGAGE, LLC 5 7.11% $8,486
    FREEDOM MORTGAGE CORPORATION 5 6.68% $7,720
    NAVY FEDERAL CREDIT UNION 4 5.50% $1,687
    NEWREZ LLC 4 6.72% $12,620
    DSLD MORTGAGE, LLC 3 6.41% $5,193
    NEW DAY FINANCIAL, LLC 3 7.17% $7,363
    Mr. Cooper ( Nationstar Mortgage ) 2 5.38% $9,080
    JPMorgan Chase Bank 2 7.00% $1,975
    AMERICAN FINANCIAL RESOURCES, INC. 2 7.19% $6,921
    Barrington Bank & Trust Company, N.A. 2 7.00% $6,070
    Regions Bank 2 6.25% $10,333
    Magnolia Bank 2 6.37% $19,715
    PLANET HOME LENDING, LLC 2 6.62% $8,566
    VILLAGE CAPITAL MORTGAGE 1 6.25% $8,063
    BancorpSouth 1 5.88% $5,611
    BAYSHORE MORTGAGE FUNDING, LLC 1 7.63% $13,589
    BROKER SOLUTIONS, INC. 1 6.75% $4,026
    CRESCENT MORTGAGE COMPANY 1 5.50% $6,127
    CROSSCOUNTRY MORTGAGE, LLC 1 7.75% $3,278
    Equity Prime Mortgage LLC 1 7.25% $4,205
    EUSTIS AND AMERICAN MORTGAGE COMPANY 1 7.38% $6,617
    First Horizon Bank 1 6.00% $4,011
    Gateway First Bank 1 7.75% $600
    HOMESIDE FINANCIAL, LLC 1 7.25% $22,034
    LAKEVIEW LOAN SERVICING, LLC 1 5.75% $10,549
    LOANDEPOT.COM, LLC 1 7.25% $3,082
    PENNYMAC LOAN SERVICES, LLC 1 5.00% $3,406
    SECURITYNATIONAL MORTGAGE COMPANY 1 6.75% $9,614
    STOCKTON MORTGAGE CORPORATION 1 8.13% $6,730
    The Huntington National Bank 1 6.50% $7,991
    USAA Federal Savings Bank 1 6.25% $10,632

    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. Louis
    Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
    2018-01-01 $183,750 (4.4%) $225,013 (-0.6%) 0.70 922
    2018-02-01 $179,975 (0.6%) $220,036 (-3.4%) 0.67 983
    2018-03-01 $184,500 (5.4%) $220,505 (-1.6%) 0.65 999
    2018-04-01 $184,925 (1.5%) $220,383 (-3.4%) 0.63 1,069
    2018-05-01 $187,500 (1.4%) $222,840 (-2.3%) 0.63 1,112
    2018-06-01 $189,900 (-2.1%) $228,480 (-1.1%) 0.65 1,094
    2018-07-01 $190,000 (0.9%) $237,645 (3.4%) 0.66 1,148
    2018-08-01 $189,500 (4.6%) $242,503 (6.3%) 0.64 1,169
    2018-09-01 $189,500 (2.5%) $242,745 (5.6%) 0.64 1,160
    2018-10-01 $185,000 (-0.5%) $239,486 (4.1%) 0.64 1,149
    2018-11-01 $184,950 (-1.7%) $237,818 (3.5%) 0.63 1,123
    2018-12-01 $179,900 (-4.8%) $234,504 (3.4%) 0.64 1,058
    2019-01-01 $184,950 (0.7%) $224,934 (0.0%) 0.64 1,010
    2019-02-01 $185,000 (2.8%) $224,579 (2.1%) 0.63 1,069
    2019-03-01 $189,071 (2.5%) $227,699 (3.3%) 0.62 1,122
    2019-04-01 $194,750 (5.3%) $231,180 (4.9%) 0.62 1,175
    2019-05-01 $189,900 (1.3%) $228,311 (2.5%) 0.61 1,195
    2019-06-01 $189,900 (0.0%) $228,786 (0.1%) 0.61 1,175
    2019-07-01 $194,500 (2.4%) $230,487 (-3.0%) 0.61 1,194
    2019-08-01 $191,909 (1.3%) $230,098 (-5.1%) 0.62 1,172
    2019-09-01 $188,023 (-0.8%) $229,149 (-5.6%) 0.61 1,151
    2019-10-01 $188,932 (2.1%) $232,843 (-2.8%) 0.62 1,095
    2019-11-01 $195,000 (5.4%) $237,712 (0.0%) 0.65 1,029
    2019-12-01 $199,900 (11.1%) $238,908 (1.9%) 0.67 970
    2020-01-01 $202,750 (9.6%) $241,592 (7.4%) 0.69 746
    2020-02-01 $199,000 (7.6%) $233,905 (4.2%) 0.65 740
    2020-03-01 $198,875 (5.2%) $234,603 (3.0%) 0.63 707
    2020-04-01 $195,250 (0.3%) $233,133 (0.8%) 0.62 675
    2020-05-01 $199,900 (5.3%) $239,199 (4.8%) 0.64 618
    2020-06-01 $206,475 (8.7%) $246,841 (7.9%) 0.62 603
    2020-07-01 $212,450 (9.2%) $250,380 (8.6%) 0.62 571
    2020-08-01 $214,900 (12.0%) $265,164 (15.2%) 0.63 555
    2020-09-01 $210,000 (11.7%) $265,515 (15.9%) 0.62 521
    2020-10-01 $218,000 (15.4%) $272,711 (17.1%) 0.63 486
    2020-11-01 $215,000 (10.3%) $269,591 (13.4%) 0.64 449
    2020-12-01 $216,500 (8.3%) $268,273 (12.3%) 0.65 407
    2021-01-01 $207,000 (2.1%) $267,112 (10.6%) 0.63 379
    2021-02-01 $203,950 (2.5%) $269,696 (15.3%) 0.60 353
    2021-03-01 $210,000 (5.6%) $274,547 (17.0%) 0.62 312
    2021-04-01 $225,950 (15.7%) $274,249 (17.6%) 0.62 282
    2021-05-01 $225,000 (12.6%) $275,171 (15.0%) 0.61 258
    2021-06-01 $229,800 (11.3%) $283,320 (14.8%) 0.61 270
    2021-07-01 $236,450 (11.3%) $293,439 (17.2%) 0.63 279
    2021-08-01 $235,000 (9.4%) $299,858 (13.1%) 0.64 292
    2021-09-01 $238,500 (13.6%) $306,135 (15.3%) 0.64 273
    2021-10-01 $229,000 (5.1%) $290,044 (6.4%) 0.61 229
    2021-11-01 $221,600 (3.1%) $306,237 (13.6%) 0.59 217
    2021-12-01 $232,250 (7.3%) $311,186 (16.0%) 0.63 214
    2022-01-01 $240,623 (16.2%) $301,967 (13.1%) 0.67 200
    2022-02-01 $258,675 (26.8%) $310,751 (15.2%) 0.68 188
    2022-03-01 $250,275 (19.2%) $297,395 (8.3%) 0.64 189
    2022-04-01 $259,900 (15.0%) $308,319 (12.4%) 0.62 182
    2022-05-01 $249,925 (11.1%) $294,983 (7.2%) 0.57 191
    2022-06-01 $247,613 (7.8%) $291,107 (2.8%) 0.55 227
    2022-07-01 $250,000 (5.7%) $301,483 (2.7%) 0.56 248
    2022-08-01 $250,000 (6.4%) $319,150 (6.4%) 0.59 281
    2022-09-01 $252,500 (5.9%) $322,011 (5.2%) 0.59 287
    2022-10-01 $242,450 (5.9%) $332,339 (14.6%) 0.58 286
    2022-11-01 $238,563 (7.7%) $313,782 (2.5%) 0.58 318
    2022-12-01 $234,700 (1.1%) $331,198 (6.4%) 0.59 321
    2023-01-01 $234,950 (-2.4%) $325,437 (7.8%) 0.59 290
    2023-02-01 $238,544 (-7.8%) $338,432 (8.9%) 0.59 285
    2023-03-01 $236,638 (-5.5%) $328,723 (10.5%) 0.57 298
    2023-04-01 $235,000 (-9.6%) $298,377 (-3.2%) 0.56 285
    2023-05-01 $235,000 (-6.0%) $295,570 (0.2%) 0.55 311
    2023-06-01 $237,450 (-4.1%) $300,631 (3.3%) 0.55 320
    2023-07-01 $250,000 (0.0%) $309,966 (2.8%) 0.59 338
    2023-08-01 $249,000 (-0.4%) $326,455 (2.3%) 0.58 361
    2023-09-01 $240,000 (-5.0%) $322,918 (0.3%) 0.58 372
    2023-10-01 $239,988 (-1.0%) $317,320 (-4.5%) 0.59 365
    2023-11-01 $239,500 (0.4%) $318,040 (1.4%) 0.58 387
    2023-12-01 $239,900 (2.2%) $316,827 (-4.3%) 0.59 389
    2024-01-01 $234,700 (-0.1%) $312,064 (-4.1%) 0.58 377
    2024-02-01 $238,375 (-0.1%) $289,252 (-14.5%) 0.58 373
    2024-03-01 $250,000 (5.7%) $313,162 (-4.7%) 0.59 383
    2024-04-01 $255,850 (8.9%) $322,942 (8.2%) 0.60 405
    2024-05-01 $262,698 (11.8%) $348,837 (18.0%) 0.61 404
    2024-06-01 $258,900 (9.0%) $348,198 (15.8%) 0.58 422
    2024-07-01 $269,500 (7.8%) $345,488 (11.5%) 0.62 426
    2024-08-01 $259,000 (4.0%) $312,764 (-4.2%) 0.60 462
    2024-09-01 $249,450 (3.9%) $301,990 (-6.5%) 0.59 467
    2024-10-01 $239,225 (-0.3%) $294,063 (-7.3%) 0.56 489
    2024-11-01 $230,000 (-4.0%) $297,732 (-6.4%) 0.56 513
    2024-12-01 $230,000 (-4.1%) $297,094 (-6.2%) 0.57 495
    2025-01-01 $235,000 (0.1%) $296,574 (-5.0%) 0.00 460
    Monroe's median listing price for 2025-01-01 was $235,000, a difference of $300 (0.1%) versus the prior year and $5,000 versus the prior month.

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

    Monroe's average listing price for 2025-01-01 was $296,574, a difference of $-15,490 (-5.0%) versus the prior year and $-520 versus the prior month.

    For the 2025-01-01 period, Monroe had 460 MLS listings, a difference of -35 listings (-7%) versus the prior month and 83 listings (22%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Monroe (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 100 days 1,966 sqft
    2018-02-01 98 days 1,941 sqft
    2018-03-01 93 days 1,947 sqft
    2018-04-01 80 days 1,955 sqft
    2018-05-01 74 days 1,957 sqft
    2018-06-01 72 days 1,978 sqft
    2018-07-01 72 days 1,977 sqft
    2018-08-01 73 days 1,943 sqft
    2018-09-01 80 days 1,940 sqft
    2018-10-01 86 days 1,908 sqft
    2018-11-01 92 days 1,913 sqft
    2018-12-01 102 days 1,918 sqft
    2019-01-01 116 days 1,923 sqft
    2019-02-01 109 days 1,933 sqft
    2019-03-01 93 days 1,943 sqft
    2019-04-01 77 days 1,949 sqft
    2019-05-01 78 days 1,943 sqft
    2019-06-01 81 days 1,969 sqft
    2019-07-01 84 days 1,961 sqft
    2019-08-01 89 days 1,951 sqft
    2019-09-01 93 days 1,938 sqft
    2019-10-01 94 days 1,952 sqft
    2019-11-01 99 days 1,978 sqft
    2019-12-01 107 days 1,978 sqft
    2020-01-01 115 days 1,981 sqft
    2020-02-01 120 days 1,921 sqft
    2020-03-01 106 days 1,938 sqft
    2020-04-01 96 days 1,941 sqft
    2020-05-01 91 days 2,000 sqft
    2020-06-01 83 days 2,003 sqft
    2020-07-01 63 days 2,006 sqft
    2020-08-01 65 days 2,010 sqft
    2020-09-01 74 days 2,030 sqft
    2020-10-01 79 days 2,094 sqft
    2020-11-01 90 days 2,072 sqft
    2020-12-01 88 days 2,064 sqft
    2021-01-01 86 days 2,050 sqft
    2021-02-01 79 days 2,057 sqft
    2021-03-01 71 days 2,049 sqft
    2021-04-01 69 days 2,084 sqft
    2021-05-01 50 days 2,048 sqft
    2021-06-01 44 days 2,070 sqft
    2021-07-01 44 days 2,025 sqft
    2021-08-01 43 days 2,060 sqft
    2021-09-01 50 days 2,012 sqft
    2021-10-01 66 days 2,016 sqft
    2021-11-01 58 days 1,977 sqft
    2021-12-01 58 days 1,976 sqft
    2022-01-01 60 days 2,000 sqft
    2022-02-01 48 days 2,053 sqft
    2022-03-01 50 days 2,086 sqft
    2022-04-01 44 days 2,064 sqft
    2022-05-01 32 days 2,021 sqft
    2022-06-01 31 days 2,027 sqft
    2022-07-01 40 days 2,090 sqft
    2022-08-01 52 days 2,112 sqft
    2022-09-01 59 days 2,103 sqft
    2022-10-01 54 days 2,104 sqft
    2022-11-01 52 days 2,041 sqft
    2022-12-01 60 days 1,953 sqft
    2023-01-01 82 days 1,949 sqft
    2023-02-01 83 days 1,964 sqft
    2023-03-01 60 days 2,009 sqft
    2023-04-01 60 days 1,987 sqft
    2023-05-01 53 days 1,966 sqft
    2023-06-01 57 days 1,970 sqft
    2023-07-01 64 days 2,046 sqft
    2023-08-01 61 days 1,996 sqft
    2023-09-01 65 days 2,006 sqft
    2023-10-01 67 days 2,008 sqft
    2023-11-01 71 days 2,019 sqft
    2023-12-01 75 days 1,981 sqft
    2024-01-01 90 days 1,956 sqft
    2024-02-01 87 days 1,983 sqft
    2024-03-01 66 days 2,009 sqft
    2024-04-01 57 days 2,079 sqft
    2024-05-01 58 days 2,093 sqft
    2024-06-01 64 days 2,016 sqft
    2024-07-01 65 days 2,008 sqft
    2024-08-01 61 days 1,972 sqft
    2024-09-01 61 days 1,919 sqft
    2024-10-01 66 days 1,890 sqft
    2024-11-01 76 days 1,863 sqft
    2024-12-01 83 days 1,818 sqft
    2025-01-01 0 days 1,848 sqft
    Monroe'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.

    Monroe's median square footage for active listings during the 2025-01-01 period was 1,848 sqft. One year prior, the average listing was 1,956 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.