Shreveport VA Loans

SHREVEPORT-BOSSIER CITY, 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 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.

    Shreveport's 124 lenders originated 2,489 VA loans during 2021. The total origination value was $603,515,000, with an average VA loan value of $242,473.

    Shreveport VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Shreveport averaged 5.42% for the week of 2022-05-20, compared to the national average (all VA variants) of 5.143% for the same period.

    The average rate for the prior week (2022-05-13) was 5.33% and one month ago for the week of 2022-04-15, the average rate was 4.99%.

    The average rate one year ago was 3.39%.

    For refis of the same type during the week of 2022-05-20, the average rate was 5.16%.

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

    Shreveport VA Loan Lenders by Rates & Fees

    The below table looks at the average fees and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Shreveport level.

    Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
    Mortgage Research Center, LLC 207 2.91% $5,468
    CALIBER HOME LOANS, INC. 164 2.56% $6,486
    QUICKEN LOANS, LLC 151 2.43% $4,706
    FREEDOM MORTGAGE CORPORATION 130 2.43% $2,659
    PENNYMAC LOAN SERVICES, LLC 72 2.36% $5,693
    USAA Federal Savings Bank 63 2.85% $6,736
    LAKEVIEW LOAN SERVICING, LLC 61 2.52% $2,062
    UNITED WHOLESALE MORTGAGE, LLC 53 2.58% $6,475
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 49 3.07% $5,694
    Goldwater Bank, N.A. 48 3.02% $7,044
    FIDELITY BANK 47 2.83% $5,127
    PLANET HOME LENDING, LLC 46 3.30% $6,688
    MOVEMENT MORTGAGE, LLC 46 3.03% $5,994
    NAVY FEDERAL CREDIT UNION 44 2.50% $6,336
    VILLAGE CAPITAL & INVESTMENT LLC 43 2.40% $3,149
    Red River Bank 43 2.46% $7,529
    DSLD MORTGAGE, LLC 39 2.62% $5,930
    CLEARPATH LENDING 36 2.32% $4,017
    Mr. Cooper ( Nationstar Mortgage ) 34 2.85% $4,524
    NEWREZ LLC 34 2.64% $4,816
    NEW DAY FINANCIAL, LLC 31 2.66% $5,247
    EUSTIS AND AMERICAN MORTGAGE COMPANY 30 2.78% $5,567
    LOANDEPOT.COM, LLC 30 2.64% $4,212
    Trustmark National Bank 30 2.58% $4,772
    Wells Fargo Bank 27 2.45% $4,019
    Home Federal Bank 25 2.80% $4,335
    UNION HOME MORTGAGE CORP. 22 2.64% $6,741
    PIERREMONT MORTGAGE, INC. 19 2.55% $4,019
    Barrington Bank & Trust Company, N.A. 19 2.85% $5,233
    Carrington Mortgage Services, LLC 19 3.48% $4,032
    The Federal Savings Bank 19 2.73% $6,160
    Origin Bank 18 2.58% $5,150
    STANDARD MORTGAGE CORPORATION 15 2.49% $5,539
    Regions Bank 15 3.01% $7,482
    BancorpSouth Bank 14 2.87% $2,748
    Cross Keys Bank 14 2.74% $5,016
    Low VA Rates, LLC 14 2.29% $3,870
    AMERICAN FINANCIAL NETWORK, INC. 12 2.38% $6,706
    Assurance Financial Group, L.L.C. 12 2.88% $6,547
    BARKSDALE 11 2.88% $7,011
    HOMEBRIDGE FINANCIAL SERVICES, INC. 11 2.43% $4,552
    PENTAGON FEDERAL CREDIT UNION 10 2.41% $3,230
    FirstTrust Home Loans, Inc. 10 2.89% $8,170
    HOME POINT FINANCIAL CORPORATION 9 2.50% $7,303
    SUN WEST MORTGAGE COMPANY, INC. 9 2.69% $4,693
    MID AMERICA MORTGAGE, INC. 8 2.41% $2,540
    NATIONS RELIABLE LENDING, LLC 8 3.09% $9,576
    FIRST COMMUNITY MORTGAGE, INC. 8 2.50% $8,953
    THRIVE MORTGAGE, LLC 8 3.34% $8,508
    Citizens Bank 7 2.34% $5,158
    InterContinental Capital Group, Inc 7 2.57% $4,273
    PLAZA HOME MORTGAGE, INC. 7 3.64% $4,338
    BAYSHORE MORTGAGE FUNDING, LLC 6 3.25% $5,981
    CROSSCOUNTRY MORTGAGE, LLC 6 2.65% $4,102
    NP, Inc. 6 2.27% $4,144
    NATIONS DIRECT MORTGAGE, LLC 5 3.22% $10,689
    HOMESPIRE MORTGAGE CORPORATION 5 3.83% $4,584
    NBKC BANK 5 2.35% $3,607
    GUILD MORTGAGE COMPANY 5 3.33% $7,265
    Shamrock Home Loans, Inc. 5 3.30% $5,719
    Lakeview Community Capital, LLC 5 2.55% $2,080
    MUTUAL OF OMAHA MORTGAGE, INC. 5 2.80% $8,058
    ACCELERATE MORTGAGE, LLC 4 2.56% $5,527
    FBT Mortgage, L.L.C. 4 2.25% $8,032
    SOUTHWEST FUNDING, LP 4 3.31% $12,215
    GMFS LLC 4 2.44% $6,063
    AMERISAVE MORTGAGE CORPORATION 4 2.69% $4,554
    PRIMELENDING, A PLAINSCAPITAL COMPANY 4 2.90% $9,018
    BNC National Bank 4 2.38% $6,075
    First Guaranty Mortgage Corporation 4 2.50% $10,812
    Austin Capital Bank SSB 3 3.08% $4,741
    North American Savings Bank, F.S.B. 3 2.25% $3,827
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 3 2.75% $10,011
    First Federal Bank 3 3.83% $5,353
    DELMAR FINANCIAL COMPANY 3 2.67% $2,035
    Home Mortgage Alliance Corp 2 2.75% $3,569
    PRIMARY RESIDENTIAL MORTGAGE, INC. 2 4.13% $8,730
    BROKER SOLUTIONS, INC. 2 3.31% $9,310
    FBC MORTGAGE, LLC 2 2.56% $3,189
    Bank of England 2 2.69% $4,863
    ZILLOW HOME LOANS, LLC 2 3.00% $7,804
    GSF Mortgage Corporation 2 3.88% $4,119
    Gateway First Bank 2 2.81% $4,986
    UNITED SECURITY FINANCIAL CORP 2 1.75% $6,903
    AmeriHome Mortgage Company, LLC 2 2.75% $1,972
    Core Bank 2 2.37% $11,740
    Flagstar Bank, FSB 2 4.00% $4,537
    AMCAP MORTGAGE, LTD. 2 4.00% $7,841
    American National Bank 1 2.38% $3,646
    WESTSTAR MORTGAGE CORPORATION 1 2.25% $1,973
    Wyndham Capital Mortgage, Inc. 1 2.25% $1
    Blue Ridge Bank 1 2.75% $7,881
    INLAND BANK & TRUST 1 3.38% $9,864
    GUARANTEED RATE, INC. 1 2.25% $1,846
    LENOX FINANCIAL MORTGAGE CORPORATION 1 3.25% $16,874
    Magnolia Bank 1 2.25% $11,969
    Manufacturers and Traders Trust Company 1 2.38% $4,209
    MEMBER ADVANTAGE MORTGAGE, LLC 1 3.38% $3,030
    Meridian Bank Corporation 1 2.25% $3,985
    Mid-Continent Funding, Inc. 1 2.63% $2,337
    First Home Bank 1 2.38% $11,999
    FINANCE OF AMERICA MORTGAGE LLC 1 2.25% $2,663
    NETWORK CAPITAL FUNDING CORPORATION 1 2.25% $1,834
    OCMBC, INC. 1 2.25% $7,671
    Equity Prime Mortgage LLC 1 2.75% $1,080
    Paramount Residential Mortgage Group, Inc. 1 3.63% $3,737
    CMG MORTGAGE, INC. 1 2.75% $3,887
    City Bank 1 2.38% $7,252
    PREMIA MORTGAGE, LLC 1 2.50% $3,558
    Presidential Bank, FSB 1 2.25% $10,021
    HOMESIDE FINANCIAL, LLC 1 2.25% $27,098
    RELIANCE FIRST CAPITAL, LLC 1 3.13% $5,508
    Reliant Bank 1 2.25% $1,944
    RESIDENTIAL BANCORP. 1 3.75% $4,749
    ROYAL UNITED MORTGAGE LLC 1 3.25% $3,355
    Sabine State Bank and Trust Company 1 2.63% $3,562
    SOVEREIGN LENDING GROUP INCORPORATED 1 2.63% $3,330
    Armed Forces Bank 1 2.75% $4,897
    TJC Mortgage, Inc. 1 2.25% $3,006
    TOWNE MORTGAGE COMPANY 1 2.88% $2,698
    Truist Bank 1 2.60% $2,690
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 2.88% $21,557
    United Fidelity Funding Corp. 1 3.75% $8,374
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 3.00% $3,328

    The top Shreveport VA lender as defined by loan originations is Mortgage Research Center, LLC, with 207 VA loans originated. Their average total fees are $5,468, which is $1,018 lower than the next largest lender, CALIBER HOME LOANS, INC..

    The lowest fee Shreveport VA lenders (with over 10 loans originated) are LAKEVIEW LOAN SERVICING, LLC ($2,062), FREEDOM MORTGAGE CORPORATION ($2,659), BancorpSouth Bank ($2,748), VILLAGE CAPITAL & INVESTMENT LLC ($3,149) and PENTAGON FEDERAL CREDIT UNION ($3,230).

    The lowest rate Shreveport VA lenders (with over 10 loans originated) are Low VA Rates, LLC (2.29%), CLEARPATH LENDING (2.32%), PENNYMAC LOAN SERVICES, LLC (2.36%), AMERICAN FINANCIAL NETWORK, INC. (2.38%) and VILLAGE CAPITAL & INVESTMENT LLC (2.40%).

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Shreveport (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 $179,950 (1.3%) $230,330 (2.8%) 0.66 2,121
    2018-02-01 $184,900 (1.3%) $233,506 (1.6%) 0.67 2,115
    2018-03-01 $185,900 (1.1%) $235,982 (0.9%) 0.64 2,150
    2018-04-01 $189,750 (2.0%) $240,864 (1.1%) 0.64 2,229
    2018-05-01 $189,900 (0.6%) $243,926 (2.0%) 0.63 2,227
    2018-06-01 $192,000 (2.0%) $245,885 (2.5%) 0.64 2,231
    2018-07-01 $189,900 (2.2%) $244,666 (3.2%) 0.63 2,305
    2018-08-01 $194,900 (5.5%) $243,579 (3.6%) 0.65 2,313
    2018-09-01 $190,000 (4.4%) $242,643 (4.4%) 0.64 2,261
    2018-10-01 $194,250 (7.7%) $244,416 (6.2%) 0.65 2,186
    2018-11-01 $190,000 (5.6%) $241,650 (5.4%) 0.64 2,162
    2018-12-01 $189,900 (5.6%) $239,877 (4.4%) 0.65 2,119
    2019-01-01 $191,450 (6.4%) $238,730 (3.7%) 0.66 2,055
    2019-02-01 $197,200 (6.7%) $239,903 (2.7%) 0.66 2,094
    2019-03-01 $197,800 (6.4%) $242,855 (2.9%) 0.64 2,118
    2019-04-01 $199,250 (5.0%) $246,880 (2.5%) 0.63 2,137
    2019-05-01 $199,950 (5.3%) $249,624 (2.3%) 0.62 2,133
    2019-06-01 $199,000 (3.7%) $245,850 (0.0%) 0.61 2,082
    2019-07-01 $199,500 (5.1%) $246,292 (0.7%) 0.62 2,093
    2019-08-01 $199,086 (2.2%) $244,499 (0.4%) 0.63 2,054
    2019-09-01 $196,500 (3.4%) $242,073 (-0.2%) 0.62 1,984
    2019-10-01 $193,500 (-0.4%) $242,760 (-0.7%) 0.62 1,980
    2019-11-01 $189,900 (-0.1%) $239,370 (-0.9%) 0.61 1,937
    2019-12-01 $189,000 (-0.5%) $237,326 (-1.1%) 0.63 1,899
    2020-01-01 $189,000 (-1.3%) $239,094 (0.2%) 0.63 1,801
    2020-02-01 $189,000 (-4.2%) $240,921 (0.4%) 0.61 1,767
    2020-03-01 $192,888 (-2.5%) $246,753 (1.6%) 0.60 1,777
    2020-04-01 $197,000 (-1.1%) $249,241 (1.0%) 0.61 1,755
    2020-05-01 $199,900 (0.0%) $251,077 (0.6%) 0.61 1,641
    2020-06-01 $208,000 (4.5%) $268,319 (9.1%) 0.61 1,368
    2020-07-01 $208,500 (4.5%) $275,743 (12.0%) 0.60 1,319
    2020-08-01 $199,900 (0.4%) $277,959 (13.7%) 0.57 1,249
    2020-09-01 $199,999 (1.8%) $278,816 (15.2%) 0.57 1,196
    2020-10-01 $198,500 (2.6%) $271,442 (11.8%) 0.57 1,159
    2020-11-01 $188,900 (-0.5%) $267,236 (11.6%) 0.54 1,130
    2020-12-01 $179,700 (-4.9%) $263,475 (11.0%) 0.53 1,054
    2021-01-01 $178,000 (-5.8%) $260,643 (9.0%) 0.52 1,009
    2021-02-01 $176,950 (-6.4%) $262,130 (8.8%) 0.51 859
    2021-03-01 $169,450 (-12.2%) $261,699 (6.1%) 0.48 838
    2021-04-01 $194,500 (-1.3%) $273,324 (9.7%) 0.52 416
    2021-05-01 $179,999 (-10.0%) $254,587 (1.4%) 0.47 509
    2021-06-01 $184,650 (-11.2%) $258,324 (-3.7%) 0.48 586
    2021-07-01 $173,500 (-16.8%) $256,320 (-7.0%) 0.45 710
    2021-08-01 $166,300 (-16.8%) $243,855 (-12.3%) 0.44 794
    2021-09-01 $161,500 (-19.3%) $234,067 (-16.1%) 0.43 822
    2021-10-01 $169,000 (-14.9%) $247,502 (-8.8%) 0.44 749
    2021-11-01 $162,400 (-14.0%) $244,738 (-8.4%) 0.43 780
    2021-12-01 $164,950 (-8.2%) $241,720 (-8.3%) 0.44 771
    2022-01-01 $165,000 (-7.3%) $242,342 (-7.0%) 0.44 666
    2022-02-01 $165,750 (-6.3%) $249,929 (-4.7%) 0.42 595
    2022-03-01 $177,475 (4.7%) $272,869 (4.3%) 0.44 519
    2022-04-01 $190,000 (-2.3%) $278,892 (2.0%) 0.45 509
    Shreveport's median listing price for 2022-04-01 was $190,000, a difference of $-4,500 (-2.3%) versus the prior year and $12,525 versus the prior month.

    Shreveport's median listing price comes in at 45% of the national average.

    Shreveport's average listing price for 2022-04-01 was $278,892, a difference of $5,568 (2.0%) versus the prior year and $6,023 versus the prior month.

    For the 2022-04-01 period, Shreveport had 509 MLS listings, a difference of -10 listings (-2%) versus the prior month and 93 listings (22%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Shreveport (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 91 days 1,855 sqft
    2018-02-01 92 days 1,869 sqft
    2018-03-01 72 days 1,874 sqft
    2018-04-01 65 days 1,897 sqft
    2018-05-01 66 days 1,905 sqft
    2018-06-01 68 days 1,919 sqft
    2018-07-01 71 days 1,923 sqft
    2018-08-01 73 days 1,935 sqft
    2018-09-01 79 days 1,940 sqft
    2018-10-01 85 days 1,944 sqft
    2018-11-01 89 days 1,920 sqft
    2018-12-01 93 days 1,893 sqft
    2019-01-01 94 days 1,886 sqft
    2019-02-01 86 days 1,895 sqft
    2019-03-01 70 days 1,904 sqft
    2019-04-01 70 days 1,918 sqft
    2019-05-01 71 days 1,919 sqft
    2019-06-01 78 days 1,904 sqft
    2019-07-01 79 days 1,904 sqft
    2019-08-01 74 days 1,893 sqft
    2019-09-01 74 days 1,876 sqft
    2019-10-01 78 days 1,859 sqft
    2019-11-01 80 days 1,848 sqft
    2019-12-01 86 days 1,835 sqft
    2020-01-01 88 days 1,829 sqft
    2020-02-01 84 days 1,825 sqft
    2020-03-01 69 days 1,854 sqft
    2020-04-01 72 days 1,864 sqft
    2020-05-01 81 days 1,883 sqft
    2020-06-01 79 days 1,939 sqft
    2020-07-01 69 days 1,942 sqft
    2020-08-01 61 days 1,954 sqft
    2020-09-01 58 days 1,965 sqft
    2020-10-01 61 days 1,940 sqft
    2020-11-01 65 days 1,901 sqft
    2020-12-01 74 days 1,860 sqft
    2021-01-01 72 days 1,828 sqft
    2021-02-01 64 days 1,803 sqft
    2021-03-01 58 days 1,802 sqft
    2021-04-01 20 days 1,931 sqft
    2021-05-01 35 days 1,824 sqft
    2021-06-01 42 days 1,807 sqft
    2021-07-01 37 days 1,751 sqft
    2021-08-01 49 days 1,713 sqft
    2021-09-01 52 days 1,682 sqft
    2021-10-01 58 days 1,722 sqft
    2021-11-01 55 days 1,721 sqft
    2021-12-01 59 days 1,707 sqft
    2022-01-01 71 days 1,706 sqft
    2022-02-01 71 days 1,699 sqft
    2022-03-01 59 days 1,759 sqft
    2022-04-01 56 days 1,738 sqft
    Shreveport's median listing age (time on market) for 2022-04-01 was 56 days. This is 187% longer than the same period one year ago.

    Shreveport's median square footage for active listings during the 2022-04-01 period was 1,738 sqft. One year prior, the average listing was 1,931 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.