Natchitoches VA Loan Rates, Closing Costs & Stats

Natchitoches, 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.

    Natchitoches's 15 lenders originated 25 VA loans during 2023. The total origination value was $6,855,000, with an average VA loan value of $274,200.

    Natchitoches VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Natchitoches averaged 6.88% for the week of 2024-04-19, compared to the national average (all VA variants) of 6.758% for the same period.

    Natchitoches's average VA mortgage closing costs are $5,358.

    The average rate for the prior week (2024-04-12) was 7.01% and one month ago for the week of 2024-03-15, the average rate was 6.57%.

    The average rate one year ago was 6.16%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.76%.

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

    Natchitoches 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 Natchitoches level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    QUICKEN LOANS, LLC 5 6.08% $8,924
    Mortgage Research Center, LLC 3 6.96% $7,621
    GMFS LLC 3 7.25% $1,292
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 6.50% $7,590
    NEWREZ LLC 2 6.69% $7,848
    NEW DAY FINANCIAL, LLC 1 5.99% $9,729
    PENNYMAC LOAN SERVICES, LLC 1 5.63% $8,094
    Plains Commerce Bank 1 6.13% $6,397
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 7.75% $1,614
    Barrington Bank & Trust Company, N.A. 1 6.25% $8,165
    TOP FLITE FINANCIAL, INC. 1 7.00% $16,351
    BROKER SOLUTIONS, INC. 1 6.00% $6,226
    CALIBER HOME LOANS, INC. 1 7.25% $6,734
    FREEDOM MORTGAGE CORPORATION 1 6.75% $19,646
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 7.75% $0

    The top Natchitoches VA lender as defined by loan originations is QUICKEN LOANS, LLC, with 5 VA loans originated. Their average total fees are $8,924, which is $1,303 higher than the next largest lender, Mortgage Research Center, LLC.

    The lowest fee Natchitoches VA lenders (with over 10 loans originated) are .

    The lowest rate Natchitoches VA lenders (with over 10 loans originated) are .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Natchitoches (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 $175,000 (-7.5%) $236,027 (9.9%) 0.00 107
    2018-02-01 $176,625 (-6.6%) $236,203 (8.0%) 0.00 110
    2018-03-01 $179,450 (-0.7%) $226,098 (0.1%) 0.00 110
    2018-04-01 $203,125 (16.1%) $252,633 (15.0%) 0.00 122
    2018-05-01 $204,375 (15.1%) $254,022 (14.8%) 0.00 132
    2018-06-01 $199,000 (18.5%) $254,670 (22.6%) 0.00 146
    2018-07-01 $200,950 (20.0%) $255,025 (19.3%) 0.00 146
    2018-08-01 $216,225 (23.6%) $256,652 (14.6%) 0.00 145
    2018-09-01 $217,450 (7.4%) $251,839 (6.4%) 0.00 147
    2018-10-01 $209,975 (0.8%) $246,123 (4.2%) 0.00 147
    2018-11-01 $216,675 (19.7%) $250,301 (10.4%) 0.00 139
    2018-12-01 $220,000 (22.9%) $246,083 (3.8%) 0.00 139
    2019-01-01 $218,725 (25.0%) $246,447 (4.4%) 0.00 138
    2019-02-01 $214,450 (21.4%) $250,638 (6.1%) 0.00 136
    2019-03-01 $213,821 (19.2%) $247,314 (9.4%) 0.00 147
    2019-04-01 $223,875 (10.2%) $248,576 (-1.6%) 0.00 150
    2019-05-01 $225,000 (10.1%) $248,016 (-2.4%) 0.00 153
    2019-06-01 $228,250 (14.7%) $251,883 (-1.1%) 0.00 151
    2019-07-01 $227,000 (13.0%) $257,811 (1.1%) 0.00 152
    2019-08-01 $229,636 (6.2%) $260,360 (1.4%) 0.00 146
    2019-09-01 $229,841 (5.7%) $260,912 (3.6%) 0.00 148
    2019-10-01 $229,927 (9.5%) $260,919 (6.0%) 0.00 147
    2019-11-01 $225,000 (3.8%) $252,030 (0.7%) 0.00 137
    2019-12-01 $217,225 (-1.3%) $249,741 (1.5%) 0.00 135
    2020-01-01 $221,250 (1.2%) $247,016 (0.2%) 0.00 126
    2020-02-01 $225,000 (4.9%) $234,925 (-6.3%) 0.00 128
    2020-03-01 $225,000 (5.2%) $242,073 (-2.1%) 0.00 112
    2020-04-01 $225,000 (0.5%) $243,137 (-2.2%) 0.00 107
    2020-05-01 $224,900 (0.0%) $242,367 (-2.3%) 0.00 107
    2020-06-01 $222,125 (-2.7%) $251,252 (-0.3%) 0.00 104
    2020-07-01 $202,550 (-10.8%) $239,285 (-7.2%) 0.00 98
    2020-08-01 $205,775 (-10.4%) $250,416 (-3.8%) 0.00 87
    2020-09-01 $224,750 (-2.2%) $259,403 (-0.6%) 0.00 89
    2020-10-01 $224,750 (-2.3%) $267,514 (2.5%) 0.00 79
    2020-11-01 $239,125 (6.3%) $288,346 (14.4%) 0.00 70
    2020-12-01 $232,000 (6.8%) $278,447 (11.5%) 0.00 66
    2021-01-01 $249,250 (12.7%) $286,728 (16.1%) 0.00 65
    2021-02-01 $264,450 (17.5%) $294,786 (25.5%) 0.00 65
    2021-03-01 $264,225 (17.4%) $289,996 (19.8%) 0.00 73
    2021-04-01 $249,125 (10.7%) $276,768 (13.8%) 0.00 58
    2021-05-01 $207,325 (-7.8%) $249,213 (2.8%) 0.00 51
    2021-06-01 $209,950 (-5.5%) $243,971 (-2.9%) 0.00 41
    2021-07-01 $204,750 (1.1%) $269,127 (12.5%) 0.00 44
    2021-08-01 $216,100 (5.0%) $318,460 (27.2%) 0.00 50
    2021-09-01 $215,000 (-4.3%) $304,864 (17.5%) 0.00 51
    2021-10-01 $215,000 (-4.3%) $298,427 (11.6%) 0.00 52
    2021-11-01 $212,499 (-11.1%) $286,864 (-0.5%) 0.00 57
    2021-12-01 $217,000 (-6.5%) $265,670 (-4.6%) 0.00 58
    2022-01-01 $186,450 (-25.2%) $235,168 (-18.0%) 0.00 50
    2022-02-01 $188,675 (-28.7%) $258,892 (-12.2%) 0.00 40
    2022-03-01 $219,250 (-17.0%) $286,033 (-1.4%) 0.00 42
    2022-04-01 $249,000 (-0.1%) $293,956 (6.2%) 0.00 43
    2022-05-01 $254,500 (22.8%) $299,414 (20.1%) 0.00 36
    2022-06-01 $273,725 (30.4%) $303,884 (24.6%) 0.00 43
    2022-07-01 $265,000 (29.4%) $272,282 (1.2%) 0.00 43
    2022-08-01 $231,375 (7.1%) $250,102 (-21.5%) 0.00 42
    2022-09-01 $226,225 (5.2%) $243,952 (-20.0%) 0.00 44
    2022-10-01 $217,500 (1.2%) $239,099 (-19.9%) 0.00 43
    2022-11-01 $189,999 (-10.6%) $249,872 (-12.9%) 0.00 45
    2022-12-01 $210,000 (-3.2%) $252,873 (-4.8%) 0.00 49
    2023-01-01 $235,375 (26.2%) $262,321 (11.6%) 0.00 53
    2023-02-01 $245,875 (30.3%) $268,895 (3.9%) 0.00 50
    2023-03-01 $299,400 (36.6%) $288,623 (0.9%) 0.00 50
    2023-04-01 $310,000 (24.5%) $298,634 (1.6%) 0.00 54
    2023-05-01 $304,450 (19.6%) $308,067 (2.9%) 0.00 59
    2023-06-01 $301,900 (10.3%) $304,822 (0.3%) 0.00 60
    2023-07-01 $291,375 (10.0%) $293,029 (7.6%) 0.00 71
    2023-08-01 $293,250 (26.7%) $305,070 (22.0%) 0.00 82
    2023-09-01 $289,900 (28.2%) $312,759 (28.2%) 0.00 93
    2023-10-01 $326,950 (50.3%) $332,317 (39.0%) 0.00 87
    2023-11-01 $322,450 (69.7%) $324,470 (29.9%) 0.00 94
    2023-12-01 $315,000 (50.0%) $321,922 (27.3%) 0.00 94
    2024-01-01 $291,375 (23.8%) $324,930 (23.9%) 0.00 95
    2024-02-01 $297,450 (21.0%) $324,396 (20.6%) 0.00 86
    2024-03-01 $290,000 (-3.1%) $317,297 (9.9%) 0.00 88
    Natchitoches's median listing price for 2024-03-01 was $290,000, a difference of $-9,400 (-3.1%) versus the prior year and $-7,450 versus the prior month.

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

    Natchitoches's average listing price for 2024-03-01 was $317,297, a difference of $28,674 (9.9%) versus the prior year and $-7,099 versus the prior month.

    For the 2024-03-01 period, Natchitoches had 88 MLS listings, a difference of 2 listings (2%) versus the prior month and 38 listings (76%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Natchitoches (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,993 sqft
    2018-02-01 0 days 1,944 sqft
    2018-03-01 0 days 1,944 sqft
    2018-04-01 0 days 2,040 sqft
    2018-05-01 0 days 2,008 sqft
    2018-06-01 0 days 1,990 sqft
    2018-07-01 0 days 1,999 sqft
    2018-08-01 0 days 2,043 sqft
    2018-09-01 0 days 2,074 sqft
    2018-10-01 0 days 2,012 sqft
    2018-11-01 0 days 2,026 sqft
    2018-12-01 0 days 1,999 sqft
    2019-01-01 0 days 2,001 sqft
    2019-02-01 0 days 1,998 sqft
    2019-03-01 0 days 2,002 sqft
    2019-04-01 0 days 2,006 sqft
    2019-05-01 0 days 2,005 sqft
    2019-06-01 0 days 2,010 sqft
    2019-07-01 0 days 2,008 sqft
    2019-08-01 0 days 2,065 sqft
    2019-09-01 0 days 2,070 sqft
    2019-10-01 0 days 2,078 sqft
    2019-11-01 0 days 2,018 sqft
    2019-12-01 0 days 2,014 sqft
    2020-01-01 0 days 2,019 sqft
    2020-02-01 0 days 2,017 sqft
    2020-03-01 0 days 2,026 sqft
    2020-04-01 0 days 2,046 sqft
    2020-05-01 0 days 2,010 sqft
    2020-06-01 0 days 2,059 sqft
    2020-07-01 0 days 1,900 sqft
    2020-08-01 0 days 1,900 sqft
    2020-09-01 0 days 1,998 sqft
    2020-10-01 0 days 1,984 sqft
    2020-11-01 0 days 2,068 sqft
    2020-12-01 0 days 2,069 sqft
    2021-01-01 0 days 2,117 sqft
    2021-02-01 0 days 2,240 sqft
    2021-03-01 0 days 2,223 sqft
    2021-04-01 0 days 2,148 sqft
    2021-05-01 0 days 2,083 sqft
    2021-06-01 0 days 2,065 sqft
    2021-07-01 0 days 1,985 sqft
    2021-08-01 0 days 2,033 sqft
    2021-09-01 0 days 1,945 sqft
    2021-10-01 0 days 1,945 sqft
    2021-11-01 0 days 1,904 sqft
    2021-12-01 0 days 1,913 sqft
    2022-01-01 0 days 1,834 sqft
    2022-02-01 0 days 1,864 sqft
    2022-03-01 0 days 1,936 sqft
    2022-04-01 0 days 2,019 sqft
    2022-05-01 0 days 2,156 sqft
    2022-06-01 0 days 2,141 sqft
    2022-07-01 0 days 2,096 sqft
    2022-08-01 0 days 1,955 sqft
    2022-09-01 0 days 1,865 sqft
    2022-10-01 0 days 1,911 sqft
    2022-11-01 0 days 1,842 sqft
    2022-12-01 0 days 1,900 sqft
    2023-01-01 0 days 2,024 sqft
    2023-02-01 0 days 2,095 sqft
    2023-03-01 0 days 2,100 sqft
    2023-04-01 0 days 2,019 sqft
    2023-05-01 0 days 2,000 sqft
    2023-06-01 0 days 2,100 sqft
    2023-07-01 0 days 2,044 sqft
    2023-08-01 0 days 2,022 sqft
    2023-09-01 0 days 2,051 sqft
    2023-10-01 0 days 2,162 sqft
    2023-11-01 0 days 2,068 sqft
    2023-12-01 0 days 2,046 sqft
    2024-01-01 0 days 2,038 sqft
    2024-02-01 0 days 2,054 sqft
    2024-03-01 0 days 2,008 sqft
    Natchitoches's median listing age (time on market) for 2024-03-01 was 0 days.

    Natchitoches's median square footage for active listings during the 2024-03-01 period was 2,008 sqft. One year prior, the average listing was 2,100 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.