Shreveport VA Loans

SHREVEPORT-BOSSIER CITY, 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 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.