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%.
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.
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. LouisDate | 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 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. LouisDate | 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 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.