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 55 lenders originated 208 VA loans during 2022. The total origination value was $49,520,000, with an average VA loan value of $238,077.
Monroe VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Monroe
averaged
-0.24%
for the week of 2023-11-24, compared to the national average (all VA variants) of
0% for the same period.
Monroe's average VA mortgage closing costs are $4,925.
The average rate for the prior week (2023-11-17) was
6.9% and
one month ago for the week of 2023-10-20, the
average rate was 7.43%.
The average rate one year ago was 6.15%.
For refis of the same type during the week of 2023-11-24, the average rate
was -1.19%.
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
39 VA loans originated. Their average total fees are
$4,675, which is $4,001
lower than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Monroe VA lenders (with over 10 loans originated) are
Mortgage Research Center, LLC ($4,675), MOVEMENT MORTGAGE, LLC ($4,835), Eagle Bank and Trust Company ($7,754), Origin Bank ($8,148) and Assurance Financial Group, L.L.C. ($8,418).
The lowest rate Monroe VA lenders (with over 10 loans originated) are
QUICKEN LOANS, LLC (4.06%), Eagle Bank and Trust Company (4.80%), Origin Bank (4.89%), Mortgage Research Center, LLC (5.02%) and MOVEMENT MORTGAGE, LLC (5.27%).
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%) | $228,292 (-0.8%) | 0.70 | 880 |
2018-02-01 | $185,000 (2.8%) | $223,439 (-3.3%) | 0.67 | 935 |
2018-03-01 | $185,450 (3.1%) | $223,488 (-2.0%) | 0.65 | 950 |
2018-04-01 | $185,500 (0.3%) | $223,821 (-3.2%) | 0.63 | 1,012 |
2018-05-01 | $189,975 (0.4%) | $226,015 (-2.3%) | 0.63 | 1,055 |
2018-06-01 | $193,000 (-1.0%) | $231,596 (-0.8%) | 0.64 | 1,043 |
2018-07-01 | $198,000 (4.2%) | $235,102 (1.0%) | 0.66 | 1,097 |
2018-08-01 | $191,750 (2.6%) | $233,161 (0.6%) | 0.64 | 1,115 |
2018-09-01 | $189,999 (0.8%) | $232,870 (-0.4%) | 0.64 | 1,102 |
2018-10-01 | $187,500 (-0.5%) | $228,874 (-2.0%) | 0.64 | 1,093 |
2018-11-01 | $185,000 (-2.4%) | $226,747 (-2.7%) | 0.63 | 1,066 |
2018-12-01 | $184,900 (-5.2%) | $224,655 (-2.4%) | 0.64 | 998 |
2019-01-01 | $186,375 (-0.6%) | $227,924 (-0.2%) | 0.64 | 956 |
2019-02-01 | $187,250 (1.2%) | $227,163 (1.7%) | 0.63 | 1,009 |
2019-03-01 | $190,714 (2.8%) | $229,763 (2.8%) | 0.62 | 1,066 |
2019-04-01 | $196,750 (6.1%) | $233,076 (4.1%) | 0.62 | 1,121 |
2019-05-01 | $195,000 (2.7%) | $230,547 (2.0%) | 0.61 | 1,134 |
2019-06-01 | $194,950 (1.0%) | $231,113 (-0.2%) | 0.61 | 1,118 |
2019-07-01 | $196,100 (-1.0%) | $233,020 (-0.9%) | 0.61 | 1,133 |
2019-08-01 | $195,318 (1.9%) | $231,967 (-0.5%) | 0.62 | 1,107 |
2019-09-01 | $192,045 (1.1%) | $230,211 (-1.1%) | 0.61 | 1,087 |
2019-10-01 | $192,614 (2.7%) | $232,716 (1.7%) | 0.62 | 1,039 |
2019-11-01 | $199,250 (7.7%) | $236,941 (4.5%) | 0.65 | 988 |
2019-12-01 | $199,900 (8.1%) | $237,349 (5.7%) | 0.67 | 931 |
2020-01-01 | $207,750 (11.5%) | $239,627 (5.1%) | 0.69 | 714 |
2020-02-01 | $199,900 (6.8%) | $231,669 (2.0%) | 0.66 | 706 |
2020-03-01 | $199,900 (4.8%) | $230,519 (0.3%) | 0.63 | 670 |
2020-04-01 | $199,450 (1.4%) | $229,181 (-1.7%) | 0.62 | 637 |
2020-05-01 | $209,000 (7.2%) | $236,523 (2.6%) | 0.64 | 577 |
2020-06-01 | $209,998 (7.7%) | $243,949 (5.6%) | 0.62 | 566 |
2020-07-01 | $215,000 (9.6%) | $247,481 (6.2%) | 0.62 | 536 |
2020-08-01 | $219,000 (12.1%) | $263,520 (13.6%) | 0.63 | 521 |
2020-09-01 | $214,925 (11.9%) | $264,025 (14.7%) | 0.62 | 489 |
2020-10-01 | $219,900 (14.2%) | $267,446 (14.9%) | 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 | $231,950 (16.3%) | $267,496 (16.7%) | 0.63 | 257 |
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%) | $303,366 (15.1%) | 0.64 | 273 |
2021-09-01 | $239,125 (11.3%) | $308,000 (16.7%) | 0.64 | 256 |
2021-10-01 | $229,000 (4.1%) | $289,585 (8.3%) | 0.61 | 216 |
2021-11-01 | $221,475 (1.2%) | $306,478 (15.9%) | 0.59 | 205 |
2021-12-01 | $231,750 (5.5%) | $312,457 (18.6%) | 0.63 | 201 |
2022-01-01 | $246,500 (17.4%) | $306,231 (16.5%) | 0.67 | 185 |
2022-02-01 | $260,723 (25.7%) | $316,175 (19.2%) | 0.68 | 173 |
2022-03-01 | $254,975 (16.0%) | $300,191 (11.1%) | 0.64 | 174 |
2022-04-01 | $260,000 (12.1%) | $310,493 (16.1%) | 0.62 | 168 |
2022-05-01 | $249,925 (9.1%) | $292,396 (9.8%) | 0.57 | 180 |
2022-06-01 | $247,000 (6.6%) | $287,871 (3.0%) | 0.55 | 214 |
2022-07-01 | $250,000 (4.2%) | $300,120 (0.6%) | 0.56 | 233 |
2022-08-01 | $249,950 (3.9%) | $319,970 (5.5%) | 0.58 | 255 |
2022-09-01 | $251,200 (5.1%) | $321,731 (4.5%) | 0.59 | 262 |
2022-10-01 | $242,450 (5.9%) | $336,414 (16.2%) | 0.57 | 257 |
2022-11-01 | $239,225 (8.0%) | $322,190 (5.1%) | 0.58 | 283 |
2022-12-01 | $238,450 (2.9%) | $310,052 (-0.8%) | 0.59 | 286 |
2023-01-01 | $238,500 (-3.3%) | $299,198 (-2.3%) | 0.59 | 255 |
2023-02-01 | $243,500 (-6.6%) | $312,704 (-1.1%) | 0.59 | 251 |
2023-03-01 | $241,250 (-5.4%) | $311,997 (3.9%) | 0.57 | 270 |
2023-04-01 | $240,000 (-7.7%) | $303,742 (-2.2%) | 0.56 | 261 |
2023-05-01 | $243,720 (-2.5%) | $304,913 (4.3%) | 0.55 | 285 |
2023-06-01 | $246,725 (-0.1%) | $310,300 (7.8%) | 0.55 | 295 |
2023-07-01 | $259,000 (3.6%) | $319,101 (6.3%) | 0.59 | 314 |
2023-08-01 | $251,290 (0.5%) | $316,131 (-1.2%) | 0.58 | 334 |
2023-09-01 | $250,000 (-0.5%) | $312,234 (-3.0%) | 0.58 | 336 |
2023-10-01 | $249,500 (2.9%) | $306,530 (-8.9%) | 0.59 | 333 |
Monroe's median listing price comes in at 59% of the national average.
Monroe's average listing price for 2023-10-01 was $306,530, a difference of $-29,884 (-8.9%) versus the prior year and $-5,704 versus the prior month.
For the 2023-10-01 period, Monroe had 333 MLS listings, a difference of -3 listings (-1%) versus the prior month and 76 listings (30%) 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 | 1,974 sqft |
2018-02-01 | 97 days | 1,942 sqft |
2018-03-01 | 92 days | 1,949 sqft |
2018-04-01 | 80 days | 1,960 sqft |
2018-05-01 | 75 days | 1,958 sqft |
2018-06-01 | 72 days | 1,980 sqft |
2018-07-01 | 72 days | 1,983 sqft |
2018-08-01 | 73 days | 1,946 sqft |
2018-09-01 | 80 days | 1,937 sqft |
2018-10-01 | 86 days | 1,904 sqft |
2018-11-01 | 92 days | 1,909 sqft |
2018-12-01 | 102 days | 1,913 sqft |
2019-01-01 | 116 days | 1,922 sqft |
2019-02-01 | 109 days | 1,925 sqft |
2019-03-01 | 94 days | 1,938 sqft |
2019-04-01 | 77 days | 1,952 sqft |
2019-05-01 | 78 days | 1,945 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 | 92 days | 1,940 sqft |
2019-10-01 | 94 days | 1,955 sqft |
2019-11-01 | 99 days | 1,978 sqft |
2019-12-01 | 108 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 | 2,009 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 | 2,087 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 | 2,014 sqft |
2021-10-01 | 66 days | 2,002 sqft |
2021-11-01 | 58 days | 1,934 sqft |
2021-12-01 | 58 days | 1,938 sqft |
2022-01-01 | 59 days | 1,958 sqft |
2022-02-01 | 47 days | 2,049 sqft |
2022-03-01 | 49 days | 2,064 sqft |
2022-04-01 | 41 days | 2,062 sqft |
2022-05-01 | 32 days | 2,000 sqft |
2022-06-01 | 31 days | 2,018 sqft |
2022-07-01 | 39 days | 2,090 sqft |
2022-08-01 | 52 days | 2,109 sqft |
2022-09-01 | 59 days | 2,100 sqft |
2022-10-01 | 54 days | 2,104 sqft |
2022-11-01 | 52 days | 2,044 sqft |
2022-12-01 | 60 days | 1,949 sqft |
2023-01-01 | 82 days | 1,930 sqft |
2023-02-01 | 83 days | 1,964 sqft |
2023-03-01 | 60 days | 2,009 sqft |
2023-04-01 | 59 days | 2,000 sqft |
2023-05-01 | 53 days | 1,978 sqft |
2023-06-01 | 57 days | 2,006 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 | 2,018 sqft |
Monroe's median square footage for active listings during the 2023-10-01 period was 2,018 sqft. One year prior, the average listing was 2,104 sqft.