Shreveport VA Loan Rates, Closing Costs & Stats

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 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.

Shreveport's 85 lenders originated 880 VA loans during 2023. The total origination value was $244,320,000, with an average VA loan value of $277,636.

Shreveport VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Shreveport averaged 6.76% for the week of 2024-04-12, compared to the national average (all VA variants) of 6.574% for the same period.

Shreveport's average VA mortgage closing costs are $5,550.

The average rate for the prior week (2024-04-05) was 6.51% and one month ago for the week of 2024-03-08, the average rate was 6.34%.

The average rate one year ago was 5.84%.

For refis of the same type during the week of 2024-04-12, the average rate was 6.51%.

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/closing costs and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Shreveport level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
Mortgage Research Center, LLC 103 6.73% $6,155
Origin Bank 70 6.37% $7,042
DSLD MORTGAGE, LLC 51 6.07% $6,276
UNITED WHOLESALE MORTGAGE, LLC 51 6.58% $7,875
NAVY FEDERAL CREDIT UNION 46 5.91% $8,557
MOVEMENT MORTGAGE, LLC 33 6.61% $7,586
USAA Federal Savings Bank 29 6.22% $9,170
PLANET HOME LENDING, LLC 24 6.76% $9,363
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 24 6.05% $6,027
QUICKEN LOANS, LLC 23 6.26% $10,336
FREEDOM MORTGAGE CORPORATION 20 6.51% $12,371
FIDELITY BANK 19 6.44% $4,359
PENNYMAC LOAN SERVICES, LLC 18 5.67% $6,842
DRAPER AND KRAMER MORTGAGE CORP. 17 6.58% $9,642
CALIBER HOME LOANS, INC. 16 6.05% $10,627
NEWREZ LLC 15 6.67% $4,559
EUSTIS AND AMERICAN MORTGAGE COMPANY 13 6.88% $6,527
VILLAGE CAPITAL MORTGAGE 12 6.20% $6,797
Assurance Financial Group, L.L.C. 11 6.57% $11,270
Red River Bank 11 5.97% $7,356
GUARANTEED RATE, INC. 11 6.19% $9,303
UNION HOME MORTGAGE CORP. 10 6.33% $11,796
NEW DAY FINANCIAL, LLC 10 7.56% $10,586
BROKER SOLUTIONS, INC. 9 6.86% $12,047
Citizens Bank 7 6.41% $6,631
PENTAGON FEDERAL CREDIT UNION 7 5.59% $10,901
GUILD MORTGAGE COMPANY 7 6.89% $7,799
BancorpSouth 6 6.56% $4,483
Trustmark National Bank 6 6.35% $8,333
Regions Bank 5 5.90% $11,120
Mr. Cooper ( Nationstar Mortgage ) 5 6.15% $19,575
PLAZA HOME MORTGAGE, INC. 5 6.25% $8,658
Gateway First Bank 5 6.83% $3,639
BARKSDALE 5 6.45% $8,516
MUTUAL OF OMAHA MORTGAGE, INC. 4 6.50% $8,258
STANDARD MORTGAGE CORPORATION 4 5.97% $11,114
LOANDEPOT.COM, LLC 4 6.50% $10,277
The Federal Savings Bank 4 6.78% $13,366
Home Federal Bank 3 6.37% $13,311
JPMorgan Chase Bank 3 5.41% $8,534
PIERREMONT MORTGAGE, INC. 3 5.92% $4,600
PANORAMA MORTGAGE GROUP, LLC 3 6.38% $12,684
MORTGAGE SOLUTIONS OF COLORADO, LLC 3 7.58% $2,630
FirstTrust Home Loans, Inc. 3 7.08% $6,304
CROSSCOUNTRY MORTGAGE, LLC 3 6.35% $13,584
MORTGAGE FINANCIAL SERVICES, LLC 2 5.75% $5,099
Barrington Bank & Trust Company, N.A. 2 7.00% $11,397
Prosperity Home Mortgage, LLC 2 6.37% $8,144
Lakeview Community Capital, LLC 2 5.75% $6,494
AMERISAVE MORTGAGE CORPORATION 2 6.75% $10,351
CARDINAL FINANCIAL 2 6.00% $17,305
SENTE MORTGAGE, INC. 2 5.81% $20,285
Ixonia Bank 1 7.25% $18,819
AMERICAN PACIFIC MORTGAGE CORPORATION 1 5.75% $15,699
AMERICAN PORTFOLIO MORTGAGE CORPORATION 1 5.75% $3,463
ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 7.00% $87
Armed Forces Bank 1 6.25% $13,059
Bank of England 1 6.25% $3,460
BAY EQUITY LLC 1 5.75% $22,809
BAYSHORE MORTGAGE FUNDING, LLC 1 7.13% $6,631
BNC National Bank 1 5.00% $10,950
Carrington Mortgage Services, LLC 1 6.63% $2,253
DELMAR FINANCIAL COMPANY 1 6.25% $4,893
Fifth Third Bank 1 7.00% $4,623
FIRST COMMUNITY MORTGAGE, INC. 1 5.50% $7,505
First Horizon Bank 1 6.88% $2,394
First National Bank Texas 1 5.88% $13,810
FIRST STATE MORTGAGE SERVICES, LLC 1 6.75% $8,823
Flagstar Bank, FSB 1 6.25% $9,958
GENEVA FINANCIAL, LLC 1 6.25% $8,817
GMFS LLC 1 5.75% $8,223
HOMEBRIDGE FINANCIAL SERVICES, INC. 1 6.63% $1,148
HOMESTAR FINANCIAL CORPORATION 1 6.25% $10,673
AMERICAN FINANCIAL NETWORK, INC. 1 6.00% $7,661
LEADERONE FINANCIAL CORPORATION 1 5.75% $7,170
Magnolia Bank 1 7.75% $11,485
Mid-Continent Funding, Inc. 1 6.50% $6,598
NBKC BANK 1 6.50% $658
North American Savings Bank, F.S.B. 1 5.75% $7,960
Plains Commerce Bank 1 5.75% $6,155
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 5.63% $35,313
ROYAL UNITED MORTGAGE LLC 1 6.25% $9,148
SIRVA MORTGAGE, INC. 1 6.63% $5,957
SUN WEST MORTGAGE COMPANY, INC. 1 6.34% $2,966
U.S. Bank 1 6.99% $5,128

The top Shreveport VA lender as defined by loan originations is Mortgage Research Center, LLC, with 103 VA loans originated. Their average total fees are $6,155, which is $888 lower than the next largest lender, Origin Bank.

The lowest fee Shreveport VA lenders (with over 10 loans originated) are FIDELITY BANK ($4,359), NEWREZ LLC ($4,559), FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($6,027), Mortgage Research Center, LLC ($6,155) and DSLD MORTGAGE, LLC ($6,276).

The lowest rate Shreveport VA lenders (with over 10 loans originated) are PENNYMAC LOAN SERVICES, LLC (5.67%), NAVY FEDERAL CREDIT UNION (5.91%), Red River Bank (5.97%), FAIRWAY INDEPENDENT MORTGAGE CORPORATION (6.05%) and CALIBER HOME LOANS, INC. (6.05%).


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 $183,950 (1.9%) $234,691 (3.0%) 0.68 1,999
2018-02-01 $186,725 (0.9%) $237,327 (2.2%) 0.68 1,991
2018-03-01 $189,900 (2.4%) $239,566 (1.1%) 0.67 2,009
2018-04-01 $193,700 (2.5%) $244,094 (1.3%) 0.66 2,107
2018-05-01 $193,000 (1.6%) $247,816 (2.2%) 0.64 2,101
2018-06-01 $196,900 (3.8%) $250,428 (2.9%) 0.66 2,107
2018-07-01 $194,575 (3.0%) $250,113 (4.1%) 0.65 2,167
2018-08-01 $199,000 (6.7%) $248,394 (3.8%) 0.67 2,173
2018-09-01 $195,000 (5.4%) $247,281 (4.4%) 0.66 2,121
2018-10-01 $199,000 (7.6%) $249,494 (6.6%) 0.67 2,061
2018-11-01 $195,000 (5.5%) $245,764 (5.5%) 0.66 2,048
2018-12-01 $194,000 (5.2%) $244,368 (4.3%) 0.67 2,007
2019-01-01 $195,838 (6.5%) $243,451 (3.7%) 0.68 1,948
2019-02-01 $199,900 (7.1%) $244,467 (3.0%) 0.68 1,984
2019-03-01 $201,014 (5.9%) $247,472 (3.3%) 0.66 2,015
2019-04-01 $203,376 (5.0%) $251,576 (3.1%) 0.65 2,039
2019-05-01 $208,309 (7.9%) $255,137 (3.0%) 0.65 2,010
2019-06-01 $203,683 (3.4%) $250,767 (0.1%) 0.64 1,962
2019-07-01 $200,000 (2.8%) $250,880 (0.3%) 0.63 1,963
2019-08-01 $203,363 (2.2%) $250,449 (0.8%) 0.64 1,949
2019-09-01 $200,909 (3.0%) $250,040 (1.1%) 0.64 1,911
2019-10-01 $197,000 (-1.0%) $248,949 (-0.2%) 0.64 1,879
2019-11-01 $192,900 (-1.1%) $243,706 (-0.8%) 0.63 1,818
2019-12-01 $192,150 (-1.0%) $241,812 (-1.1%) 0.64 1,784
2020-01-01 $192,400 (-1.8%) $245,269 (0.8%) 0.64 1,689
2020-02-01 $190,733 (-4.6%) $245,545 (0.4%) 0.62 1,657
2020-03-01 $195,531 (-2.7%) $251,749 (1.7%) 0.61 1,668
2020-04-01 $199,900 (-1.7%) $254,612 (1.2%) 0.63 1,650
2020-05-01 $207,950 (-0.2%) $256,332 (0.5%) 0.63 1,539
2020-06-01 $209,950 (3.1%) $271,687 (8.3%) 0.62 1,289
2020-07-01 $210,000 (5.0%) $281,242 (12.1%) 0.61 1,233
2020-08-01 $200,000 (-1.7%) $283,878 (13.4%) 0.57 1,151
2020-09-01 $207,450 (3.3%) $284,875 (13.9%) 0.59 1,111
2020-10-01 $199,900 (1.5%) $277,776 (11.6%) 0.57 1,076
2020-11-01 $193,700 (0.4%) $275,379 (13.0%) 0.57 1,043
2020-12-01 $182,500 (-5.0%) $270,239 (11.8%) 0.54 978
2021-01-01 $179,900 (-6.5%) $267,316 (9.0%) 0.54 937
2021-02-01 $179,125 (-6.1%) $270,339 (10.1%) 0.52 792
2021-03-01 $171,975 (-12.1%) $269,653 (7.1%) 0.49 768
2021-04-01 $199,925 (0.0%) $282,935 (11.1%) 0.54 384
2021-05-01 $179,999 (-13.4%) $259,160 (1.1%) 0.48 486
2021-06-01 $182,875 (-12.9%) $261,842 (-3.6%) 0.48 565
2021-07-01 $170,000 (-19.1%) $260,412 (-7.4%) 0.45 701
2021-08-01 $168,475 (-15.8%) $247,952 (-12.7%) 0.45 755
2021-09-01 $162,450 (-21.7%) $236,592 (-17.0%) 0.43 779
2021-10-01 $165,000 (-17.5%) $251,286 (-9.5%) 0.44 702
2021-11-01 $162,475 (-16.1%) $246,107 (-10.6%) 0.43 735
2021-12-01 $162,875 (-10.8%) $242,638 (-10.2%) 0.44 718
2022-01-01 $167,500 (-6.9%) $242,146 (-9.4%) 0.45 626
2022-02-01 $167,075 (-6.7%) $249,169 (-7.8%) 0.43 550
2022-03-01 $180,813 (5.1%) $278,890 (3.4%) 0.45 477
2022-04-01 $199,900 (0.0%) $286,714 (1.3%) 0.48 485
2022-05-01 $205,425 (14.1%) $288,842 (11.5%) 0.47 518
2022-06-01 $229,900 (25.7%) $314,081 (20.0%) 0.51 603
2022-07-01 $235,000 (38.2%) $316,226 (21.4%) 0.53 728
2022-08-01 $225,000 (33.6%) $299,938 (21.0%) 0.52 762
2022-09-01 $219,000 (34.8%) $290,493 (22.8%) 0.51 814
2022-10-01 $220,000 (33.3%) $288,998 (15.0%) 0.52 841
2022-11-01 $229,450 (41.2%) $291,502 (18.5%) 0.55 865
2022-12-01 $229,000 (40.6%) $281,072 (15.8%) 0.57 854
2023-01-01 $229,000 (36.7%) $282,286 (16.6%) 0.57 802
2023-02-01 $229,000 (37.1%) $283,302 (13.7%) 0.55 747
2023-03-01 $234,725 (29.8%) $289,590 (3.8%) 0.55 764
2023-04-01 $239,950 (20.0%) $295,412 (3.0%) 0.56 793
2023-05-01 $237,100 (15.4%) $288,860 (0.0%) 0.54 787
2023-06-01 $247,500 (7.7%) $286,596 (-8.8%) 0.56 837
2023-07-01 $253,600 (7.9%) $291,783 (-7.7%) 0.58 868
2023-08-01 $247,200 (9.9%) $289,880 (-3.4%) 0.57 1,029
2023-09-01 $245,000 (11.9%) $288,794 (-0.6%) 0.57 1,062
2023-10-01 $246,500 (12.1%) $287,308 (-0.6%) 0.58 1,105
2023-11-01 $249,450 (8.7%) $294,409 (1.0%) 0.59 1,152
2023-12-01 $245,500 (7.2%) $289,758 (3.1%) 0.60 1,126
2024-01-01 $249,900 (9.1%) $289,657 (2.6%) 0.61 1,059
2024-02-01 $245,675 (7.3%) $294,333 (3.9%) 0.59 1,051
2024-03-01 $242,500 (3.3%) $295,438 (2.0%) 0.57 1,057
Shreveport's median listing price for 2024-03-01 was $242,500, a difference of $7,775 (3.3%) versus the prior year and $-3,175 versus the prior month.

Shreveport's median listing price comes in at 57% of the national average.

Shreveport's average listing price for 2024-03-01 was $295,438, a difference of $5,848 (2.0%) versus the prior year and $1,105 versus the prior month.

For the 2024-03-01 period, Shreveport had 1,057 MLS listings, a difference of 6 listings (1%) versus the prior month and 293 listings (38%) 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 88 days 1,860 sqft
2018-02-01 89 days 1,872 sqft
2018-03-01 71 days 1,883 sqft
2018-04-01 62 days 1,900 sqft
2018-05-01 64 days 1,913 sqft
2018-06-01 67 days 1,933 sqft
2018-07-01 68 days 1,932 sqft
2018-08-01 71 days 1,939 sqft
2018-09-01 78 days 1,940 sqft
2018-10-01 82 days 1,944 sqft
2018-11-01 84 days 1,922 sqft
2018-12-01 86 days 1,894 sqft
2019-01-01 89 days 1,889 sqft
2019-02-01 80 days 1,900 sqft
2019-03-01 73 days 1,909 sqft
2019-04-01 66 days 1,928 sqft
2019-05-01 66 days 1,934 sqft
2019-06-01 73 days 1,914 sqft
2019-07-01 73 days 1,914 sqft
2019-08-01 72 days 1,906 sqft
2019-09-01 73 days 1,891 sqft
2019-10-01 74 days 1,870 sqft
2019-11-01 74 days 1,849 sqft
2019-12-01 81 days 1,844 sqft
2020-01-01 83 days 1,849 sqft
2020-02-01 74 days 1,840 sqft
2020-03-01 64 days 1,862 sqft
2020-04-01 68 days 1,877 sqft
2020-05-01 75 days 1,889 sqft
2020-06-01 71 days 1,931 sqft
2020-07-01 65 days 1,940 sqft
2020-08-01 59 days 1,945 sqft
2020-09-01 56 days 1,958 sqft
2020-10-01 56 days 1,928 sqft
2020-11-01 63 days 1,899 sqft
2020-12-01 68 days 1,862 sqft
2021-01-01 69 days 1,818 sqft
2021-02-01 58 days 1,789 sqft
2021-03-01 55 days 1,789 sqft
2021-04-01 20 days 1,912 sqft
2021-05-01 31 days 1,786 sqft
2021-06-01 42 days 1,785 sqft
2021-07-01 38 days 1,729 sqft
2021-08-01 47 days 1,709 sqft
2021-09-01 51 days 1,669 sqft
2021-10-01 58 days 1,714 sqft
2021-11-01 53 days 1,713 sqft
2021-12-01 59 days 1,694 sqft
2022-01-01 71 days 1,696 sqft
2022-02-01 72 days 1,692 sqft
2022-03-01 57 days 1,735 sqft
2022-04-01 50 days 1,732 sqft
2022-05-01 42 days 1,800 sqft
2022-06-01 35 days 1,848 sqft
2022-07-01 38 days 1,828 sqft
2022-08-01 46 days 1,823 sqft
2022-09-01 54 days 1,800 sqft
2022-10-01 54 days 1,804 sqft
2022-11-01 59 days 1,832 sqft
2022-12-01 65 days 1,830 sqft
2023-01-01 74 days 1,829 sqft
2023-02-01 63 days 1,834 sqft
2023-03-01 58 days 1,870 sqft
2023-04-01 52 days 1,854 sqft
2023-05-01 55 days 1,793 sqft
2023-06-01 52 days 1,791 sqft
2023-07-01 53 days 1,864 sqft
2023-08-01 53 days 1,838 sqft
2023-09-01 58 days 1,868 sqft
2023-10-01 62 days 1,871 sqft
2023-11-01 63 days 1,900 sqft
2023-12-01 66 days 1,866 sqft
2024-01-01 80 days 1,872 sqft
2024-02-01 70 days 1,849 sqft
2024-03-01 56 days 1,842 sqft
Shreveport's median listing age (time on market) for 2024-03-01 was 56 days. This is -3% shorter than the same period one year ago.

Shreveport's median square footage for active listings during the 2024-03-01 period was 1,842 sqft. One year prior, the average listing was 1,870 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.