Shreveport VA Loan Rates, Closing Costs & Stats

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 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 7.15% for the week of 2024-04-19, compared to the national average (all VA variants) of 6.758% for the same period.

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

    The average rate for the prior week (2024-04-12) was 6.88% and one month ago for the week of 2024-03-15, the average rate was 6.84%.

    The average rate one year ago was 6.03%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.6%.

    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.