Louisiana VA Loan Rates, Closing Costs & Stats

Louisiana

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.

Louisiana VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Louisiana averaged 6.79% for the week of 2024-03-22, compared to the national average (all VA variants) of 6.539% for the same period.

Louisiana's average VA mortgage closing costs are $5,721.

The average rate for the prior week (2024-03-15) was 6.7% and one month ago for the week of 2024-02-16, the average rate was 6.83%.

The average rate one year ago was 6.36%.

For refis of the same type during the week of 2024-03-22, the average rate was 6.49%.

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

Louisiana 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 Louisiana level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
Mortgage Research Center, LLC 772 6.76% $5,852
UNITED WHOLESALE MORTGAGE, LLC 346 6.52% $7,062
NAVY FEDERAL CREDIT UNION 270 5.91% $6,583
GMFS LLC 194 6.36% $6,535
QUICKEN LOANS, LLC 193 6.22% $10,106
DSLD MORTGAGE, LLC 169 6.11% $5,273
DHI MORTGAGE COMPANY, LTD. 165 5.31% $6,094
FREEDOM MORTGAGE CORPORATION 134 6.55% $11,164
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 124 6.49% $5,950
USAA Federal Savings Bank 115 6.29% $9,145
MOVEMENT MORTGAGE, LLC 106 6.48% $7,794
PENNYMAC LOAN SERVICES, LLC 94 5.66% $7,589
Origin Bank 93 6.34% $6,380
Assurance Financial Group, L.L.C. 88 6.61% $8,080
EUSTIS AND AMERICAN MORTGAGE COMPANY 82 6.65% $7,112
FIDELITY BANK 66 6.46% $6,183
NEWREZ LLC 66 6.64% $7,689
NEW DAY FINANCIAL, LLC 57 7.43% $9,904
LOANDEPOT.COM, LLC 50 6.36% $12,088
MORTGAGE SOLUTIONS OF COLORADO, LLC 42 7.57% $2,247
CROSSCOUNTRY MORTGAGE, LLC 41 6.77% $8,051
Red River Bank 40 6.11% $4,722
PLANET HOME LENDING, LLC 38 6.64% $8,846
VILLAGE CAPITAL MORTGAGE 35 6.33% $8,230
Gulf Coast Bank and Trust Company 32 6.52% $8,654
Mr. Cooper ( Nationstar Mortgage ) 30 6.09% $12,851
UNION HOME MORTGAGE CORP. 28 6.26% $11,266
GUARANTEED RATE, INC. 28 6.24% $7,739
The Federal Savings Bank 28 6.58% $13,390
DRAPER AND KRAMER MORTGAGE CORP. 27 6.73% $10,117
STANDARD MORTGAGE CORPORATION 27 6.12% $8,051
Equity Prime Mortgage LLC 26 6.85% $9,504
CARDINAL FINANCIAL 26 6.56% $11,097
PENTAGON FEDERAL CREDIT UNION 25 5.51% $7,532
MUTUAL OF OMAHA MORTGAGE, INC. 25 6.65% $9,164
JPMorgan Chase Bank 24 5.99% $6,098
BROKER SOLUTIONS, INC. 23 6.74% $10,781
Barrington Bank & Trust Company, N.A. 23 6.48% $8,601
PRIMARY RESIDENTIAL MORTGAGE, INC. 22 7.03% $4,518
CALIBER HOME LOANS, INC. 20 6.22% $10,022
MID AMERICA MORTGAGE, INC. 19 6.64% $5,280
PRIMELENDING, A PLAINSCAPITAL COMPANY 18 6.79% $6,220
Regions Bank 18 6.08% $10,398
Citizens Bank 15 6.43% $6,001
Plains Commerce Bank 15 6.25% $9,094
Magnolia Bank 14 6.25% $16,659
AMERICAN FINANCIAL RESOURCES, INC. 14 7.23% $6,598
AMERICAN FINANCIAL NETWORK, INC. 13 6.76% $5,948
SUN WEST MORTGAGE COMPANY, INC. 12 6.21% $9,633
Hancock Whitney Bank 12 6.18% $8,967
Eagle Bank and Trust Company 12 6.33% $5,893
PLAZA HOME MORTGAGE, INC. 11 6.44% $7,636
HOMESIDE FINANCIAL, LLC 11 6.91% $9,032
First Horizon Bank 11 6.20% $7,454
THE MORTGAGE FIRM, INC. 11 6.44% $8,849
GUILD MORTGAGE COMPANY 11 6.72% $8,858
T2 FINANCIAL LLC 11 6.82% $5,442
SUMMIT FUNDING, INC. 10 6.26% $6,844
AmRes Corporation 10 6.66% $7,822
ARK-LA-TEX FINANCIAL SERVICES, LLC. 9 6.64% $7,198
Gateway First Bank 9 7.01% $3,299
Towne Bank 9 6.74% $10,724
HOMEBRIDGE FINANCIAL SERVICES, INC. 9 7.00% $5,924
Paramount Residential Mortgage Group, Inc. 9 6.51% $11,217
NTFN, INC. 9 6.74% $7,212
STOCKTON MORTGAGE CORPORATION 8 7.16% $7,021
CMG MORTGAGE, INC. 8 6.39% $11,801
BancorpSouth 8 6.48% $4,064
Flagstar Bank, FSB 7 6.36% $7,384
AMERISAVE MORTGAGE CORPORATION 7 5.95% $17,197
Presidential Bank, FSB 7 6.02% $10,086
AMERICAN PACIFIC MORTGAGE CORPORATION 7 6.57% $10,504
LAKEVIEW LOAN SERVICING, LLC 6 6.10% $12,397
V.I.P. MORTGAGE, INC. 6 6.60% $5,513
Trustmark National Bank 6 6.35% $8,333
FIRST COMMUNITY MORTGAGE, INC. 6 6.81% $8,043
AMCAP MORTGAGE, LTD. 6 6.67% $11,328
MORTGAGE FINANCIAL SERVICES, LLC 5 6.38% $4,113
KEESLER 5 5.80% $6,645
America's Mortgage Resource, Inc. 5 6.42% $7,037
RELIANCE FIRST CAPITAL, LLC 5 6.70% $6,644
BARKSDALE 5 6.45% $8,516
Nations Lending Corporation 5 6.93% $11,157
Wolfe Financial, Inc 4 6.69% $10,060
Prosperity Home Mortgage, LLC 4 6.34% $9,521
NBKC BANK 4 5.78% $7,862
PIERREMONT MORTGAGE, INC. 4 6.13% $5,812
Armed Forces Bank 4 5.72% $14,544
Lakeview Community Capital, LLC 4 5.75% $9,257
PREMIA MORTGAGE, LLC 4 6.23% $8,040
FirstTrust Home Loans, Inc. 4 7.12% $5,750
BAY EQUITY LLC 3 6.04% $12,185
AmeriHome Mortgage Company, LLC 3 6.00% $8,602
BankPlus 3 6.54% $5,906
BNC National Bank 3 5.17% $10,716
Carrington Mortgage Services, LLC 3 5.96% $2,732
Century Mortgage Company DBA Century Lending Company 3 6.79% $4,328
CRESCENT MORTGAGE COMPANY 3 6.42% $5,708
EMM LOANS LLC 3 6.83% $10,310
First Option Mortgage, LLC 3 6.83% $8,849
Home Federal Bank 3 6.37% $13,311
HOMESPIRE MORTGAGE CORPORATION 3 6.21% $8,843
Hometown Equity Mortgage, LLC 3 6.79% $12,173
INSPIRE HOME LOANS INC. 3 5.29% $7,802
Mid-Continent Funding, Inc. 3 6.33% $6,742
PANORAMA MORTGAGE GROUP, LLC 3 6.38% $12,684
Sabine State Bank and Trust Company 3 7.04% $4,361
Summit Mortgage Corporation 3 7.08% $6,171
U.S. Bank 3 6.75% $2,646
GUARANTEED RATE AFFINITY, LLC 2 6.25% $5,545
SOUTHPOINT FINANCIAL SERVICES, INC. 2 7.44% $9,541
BAYSHORE MORTGAGE FUNDING, LLC 2 7.38% $10,110
SOUTHWEST STAGE FUNDING, LLC 2 6.13% $6,744
ACADEMY MORTGAGE CORPORATION 2 6.69% $12,213
Bank of England 2 6.25% $10,407
DELMAR FINANCIAL COMPANY 2 6.88% $7,218
CORNERSTONE HOME LENDING, INC. 2 6.69% $7,492
North American Savings Bank, F.S.B. 2 6.13% $11,826
US MORTGAGE CORPORATION 2 7.31% $13,572
First Federal Bank 2 6.38% $8,076
INTERLINC MORTGAGE SERVICES, LLC 2 6.75% $7,809
ROYAL UNITED MORTGAGE LLC 2 6.06% $8,759
Wells Fargo Bank 2 5.81% $6,515
OCMBC, INC. 2 6.75% $9,794
Chickasaw Community Bank 2 7.00% $6,773
HOMESTAR FINANCIAL CORPORATION 2 6.50% $9,266
SENTE MORTGAGE, INC. 2 5.81% $20,285
First State Bank of St. Charles, Missouri 1 7.25% $579
First National Bank Texas 1 5.88% $13,810
FirstBank 1 6.13% $18,180
Fifth Third Bank 1 7.00% $4,623
Fidelity Bank 1 6.25% $12,545
FBC MORTGAGE, LLC 1 5.75% $15,725
DIRECT MORTGAGE LOANS, LLC 1 5.63% $11,287
Renasant Bank 1 5.75% $8,887
Republic State Mortgage Co. 1 7.13% $4,829
SECURITYNATIONAL MORTGAGE COMPANY 1 6.75% $9,614
Semper Home Loans, Inc. 1 5.25% $7,412
SIRVA MORTGAGE, INC. 1 6.63% $5,957
Cornerstone First Mortgage, Inc 1 6.75% $24,908
AMERICAN FINANCING CORPORATION 1 6.63% $11,730
CITYWIDE HOME LOANS, LLC 1 6.25% $10,717
SWBC MORTGAGE CORPORATION 1 5.75% $6,627
City Bank 1 7.25% $4,175
The Central Trust Bank 1 6.75% $12,575
The Huntington National Bank 1 6.50% $7,991
BECKAM FUNDING CORP. 1 6.63% $3,896
TIB The Independent Bankersbank 1 7.13% $10,697
TOP FLITE FINANCIAL, INC. 1 7.00% $16,351
TOWNE MORTGAGE COMPANY 1 7.13% $13,207
Bank of America 1 5.00% $10,821
AMERICAN PORTFOLIO MORTGAGE CORPORATION 1 5.75% $3,463
ZILLOW HOME LOANS, LLC 1 6.25% $2,983
VANDERBILT MORTGAGE AND FINANCE, INC. 1 6.75% $50
Victorian Finance, LLC 1 7.25% $4,055
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 7.63% $4,852
American Mortgage & Equity Consultants, Inc. 1 5.75% $5,698
NATIONS DIRECT MORTGAGE, LLC 1 6.25% $3,996
MORTGAGE ACCESS CORP. 1 5.00% $6,121
NATIONS RELIABLE LENDING, LLC 1 5.63% $10,297
MIDLAND MORTGAGE CORPORATION 1 6.25% $5,607
MLD MORTGAGE INC. 1 6.25% $5,738
Neighborhood Loans, Inc. 1 7.13% $4,546
NETWORK CAPITAL FUNDING CORPORATION 1 5.13% $8,252
Merchants & Marine Bank 1 6.63% $13,661
MEMBER FIRST MORTGAGE, LLC 1 5.38% $13,481
NFM, INC. 1 6.13% $7,357
Northwest Bank 1 6.25% $19,746
LEGEND LENDING CORPORATION 1 7.25% $6,687
LEADERONE FINANCIAL CORPORATION 1 5.75% $7,170
PACIFIC RESIDENTIAL MORTGAGE, LLC 1 7.00% $7,010
Waterstone Mortgage Corporation 1 5.63% $17,290
LAND HOME FINANCIAL SERVICES, INC. 1 6.75% $13,652
Ixonia Bank 1 7.25% $18,819
PHH Mortgage Corporation 1 7.63% $6,239
Goldwater Bank, N.A. 1 6.63% $17,773
GENEVA FINANCIAL, LLC 1 6.25% $8,817
PNC Bank 1 7.50% $9,275
FIRST STATE MORTGAGE SERVICES, LLC 1 6.75% $8,823

The top Louisiana VA lender as defined by loan originations is Mortgage Research Center, LLC, with 772 VA loans originated. Their average total fees are $5,852, which is $1,210 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

The lowest fee Louisiana VA lenders (with over 10 loans originated) are MORTGAGE SOLUTIONS OF COLORADO, LLC ($2,247), PRIMARY RESIDENTIAL MORTGAGE, INC. ($4,518), Red River Bank ($4,722), DSLD MORTGAGE, LLC ($5,273) and MID AMERICA MORTGAGE, INC. ($5,280).

The lowest rate Louisiana VA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (5.31%), PENTAGON FEDERAL CREDIT UNION (5.51%), PENNYMAC LOAN SERVICES, LLC (5.66%), NAVY FEDERAL CREDIT UNION (5.91%) and JPMorgan Chase Bank (5.99%).

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.