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 6.63% for the week of 2025-04-11, compared to the national average (all VA variants) of 6.292% for the same period.

Louisiana's average VA mortgage closing costs are $5,824.

The average rate for the prior week (2025-04-04) was 6.17% and one month ago for the week of 2025-03-07, the average rate was 6.35%.

The average rate one year ago was 6.66%.

For refis of the same type during the week of 2025-04-11, the average rate was 6.5%.

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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
Mortgage Research Center, LLC 863 6.45% $4,847
UNITED WHOLESALE MORTGAGE, LLC 599 6.03% $6,113
FREEDOM MORTGAGE CORPORATION 400 6.21% $6,833
DSLD MORTGAGE, LLC 284 5.91% $4,738
NAVY FEDERAL CREDIT UNION 272 5.99% $6,356
QUICKEN LOANS, LLC 226 6.16% $9,855
PENNYMAC LOAN SERVICES, LLC 166 5.60% $6,411
GMFS LLC 161 6.46% $6,507
DHI MORTGAGE COMPANY, LTD. 149 4.81% $6,303
USAA Federal Savings Bank 120 6.30% $7,680
NEWREZ LLC 107 6.24% $5,348
MOVEMENT MORTGAGE, LLC 107 6.46% $9,073
VILLAGE CAPITAL MORTGAGE 103 5.84% $5,112
EUSTIS AND AMERICAN MORTGAGE COMPANY 99 6.58% $7,257
NEW DAY FINANCIAL, LLC 90 7.56% $10,273
PLANET HOME LENDING, LLC 88 6.08% $5,538
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 72 6.68% $8,120
Origin Bank 66 6.10% $5,523
Assurance Financial Group, L.L.C. 65 6.49% $6,395
FIDELITY BANK 59 6.44% $7,914
MORTGAGE SOLUTIONS OF COLORADO, LLC 54 7.07% $3,413
CROSSCOUNTRY MORTGAGE, LLC 49 6.64% $7,249
LOANDEPOT.COM, LLC 46 5.96% $8,134
Equity Prime Mortgage LLC 46 6.65% $8,250
Mr. Cooper ( Nationstar Mortgage ) 45 6.16% $9,409
Red River Bank 40 5.99% $5,225
Barrington Bank & Trust Company, N.A. 39 6.43% $5,136
Gulf Coast Bank and Trust Company 37 6.41% $9,043
The Federal Savings Bank 35 6.49% $14,953
GUARANTEED RATE, INC. 31 6.15% $4,313
CLEARPATH LENDING 31 5.76% $5,503
Hancock Whitney Bank 27 6.13% $9,758
TOWNE MORTGAGE COMPANY 27 6.46% $7,329
BROKER SOLUTIONS, INC. 27 6.72% $8,751
FIRST COMMUNITY MORTGAGE, INC. 27 6.52% $8,315
LAKEVIEW LOAN SERVICING, LLC 26 5.65% $5,526
GUILD MORTGAGE COMPANY 23 6.63% $9,810
ARK-LA-TEX FINANCIAL SERVICES, LLC. 23 6.45% $4,652
HOMESIDE FINANCIAL, LLC 22 6.78% $10,305
First Horizon Bank 21 6.00% $9,848
Eagle Bank and Trust Company 20 6.48% $4,871
UNION HOME MORTGAGE CORP. 20 6.29% $8,824
S1L, Inc. 20 6.41% $11,256
Flagstar Bank, FSB 19 6.35% $7,513
STANDARD MORTGAGE CORPORATION 18 6.05% $9,436
SUN WEST MORTGAGE COMPANY, INC. 18 5.94% $6,745
PRIMARY RESIDENTIAL MORTGAGE, INC. 18 6.81% $6,210
JPMorgan Chase Bank 18 6.12% $4,548
MUTUAL OF OMAHA MORTGAGE, INC. 17 6.35% $10,155
Carrington Mortgage Services, LLC 16 6.06% $11,111
T2 FINANCIAL LLC 16 6.42% $11,416
CMG MORTGAGE, INC. 15 6.66% $12,052
SOUTHWEST FUNDING, LP 15 6.71% $7,095
Magnolia Bank 14 6.02% $17,413
CARDINAL FINANCIAL 14 6.29% $8,195
Lakeview Community Capital, LLC 13 5.74% $5,501
NBKC BANK 12 5.88% $5,020
Paramount Residential Mortgage Group, Inc. 12 6.73% $9,779
AMERICAN FINANCIAL RESOURCES, INC. 12 6.74% $6,615
AMERICAN FINANCIAL NETWORK, INC. 11 6.58% $5,996
Prosperity Home Mortgage, LLC 11 6.50% $8,088
PLAZA HOME MORTGAGE, INC. 11 6.50% $7,166
AmRes Corporation 11 6.44% $7,570
SUMMIT FUNDING, INC. 10 6.68% $9,340
First Federal Bank 10 6.03% $5,705
HOMEBRIDGE FINANCIAL SERVICES, INC. 10 6.13% $4,371
The Loan Store, Inc. 10 6.32% $7,424
MID AMERICA MORTGAGE, INC. 10 6.84% $5,157
AmeriHome Mortgage Company, LLC 9 6.03% $4,502
Towne Bank 9 6.25% $9,831
PRIMELENDING, A PLAINSCAPITAL COMPANY 9 6.39% $7,840
PENTAGON FEDERAL CREDIT UNION 8 6.11% $8,226
BARKSDALE 8 6.42% $10,947
STOCKTON MORTGAGE CORPORATION 8 6.28% $6,642
Cornerstone First Mortgage, Inc 7 6.84% $7,901
Armed Forces Bank 7 5.86% $5,943
AMERISAVE MORTGAGE CORPORATION 7 6.16% $14,972
PIERREMONT MORTGAGE, INC. 7 6.21% $2,619
Nations Lending Corporation 6 6.90% $8,703
Residential Acceptance Corporation 6 7.40% $10,745
Plains Commerce Bank 6 6.52% $7,771
GUARANTEED RATE AFFINITY, LLC 5 6.21% $6,183
Wolfe Financial, Inc 5 6.73% $14,025
GENEVA FINANCIAL, LLC 5 7.05% $5,985
Trustmark National Bank 5 6.28% $9,649
THE MORTGAGE FIRM, INC. 5 6.47% $5,692
PHH Mortgage Corporation 5 5.52% $3,847
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 5 6.80% $2,296
Wells Fargo Bank 5 6.50% $3,283
INSPIRE HOME LOANS INC. 5 5.20% $5,406
MICHIGAN MUTUAL, INC. 4 6.00% $2,969
BancorpSouth 4 6.44% $13,538
Network Funding, L.P. 4 6.62% $9,082
KEESLER 4 6.06% $12,931
Regions Bank 4 6.13% $6,646
Merchants & Marine Bank 4 6.00% $9,146
NETWORK CAPITAL FUNDING CORPORATION 3 6.08% $11,674
AMERICAN PACIFIC MORTGAGE CORPORATION 3 6.88% $10,451
AMERICAN PORTFOLIO MORTGAGE CORPORATION 3 6.58% $3,816
America's Mortgage Resource, Inc. 3 6.08% $4,926
Bank of England 3 6.58% $4,807
CANOPY MORTGAGE, LLC 3 7.17% $11,680
Century Mortgage Company DBA Century Lending Company 3 6.17% $7,507
Goldwater Bank, N.A. 3 6.83% $6,899
MORTGAGE FINANCIAL SERVICES, LLC 3 6.67% $8,790
SECURITYNATIONAL MORTGAGE COMPANY 3 6.75% $10,904
Texana Bank 3 7.13% $12,179
U.S. Bank 3 6.54% $3,582
Farmers Bank & Trust 2 5.81% $15,026
EMM LOANS LLC 2 6.25% $7,521
THE MORTGAGE LINK, INC. 2 6.19% $15,620
TIB The Independent Bankersbank 2 6.50% $4,720
HOMESPIRE MORTGAGE CORPORATION 2 6.63% $7,923
Sabine State Bank and Trust Company 2 6.69% $5,860
SUCCESS MORTGAGE PARTNERS, INC. 2 6.88% $11,995
AFFORDABLE MORTGAGE ADVISORS, LLC. 2 6.69% $7,892
LAND HOME FINANCIAL SERVICES, INC. 2 6.75% $5,437
SWBC MORTGAGE CORPORATION 2 6.88% $4,234
ZILLOW HOME LOANS, LLC 2 6.63% $2,866
US MORTGAGE CORPORATION 2 6.50% $8,499
ALLIANT CREDIT UNION 2 5.69% $7,884
CORNERSTONE HOME LENDING, INC. 2 6.13% $11,862
SFMC, LP 2 6.31% $11,973
Presidential Bank, FSB 2 7.00% $3,601
NATIONS DIRECT MORTGAGE, LLC 2 6.69% $5,488
FIRST COLONY MORTGAGE CORPORATION 1 7.00% $8,816
Fifth Third Bank 1 6.38% $3,367
RELIANCE FIRST CAPITAL, LLC 1 7.25% $3,347
Renasant Bank 1 6.63% $600
EVERETT FINANCIAL, INC. 1 7.13% $16,834
ROYAL UNITED MORTGAGE LLC 1 6.00% $9,008
ENVOY MORTGAGE, LTD 1 7.13% $3,135
MORTGAGEONE, INC. 1 6.00% $785
SOUTHPOINT FINANCIAL SERVICES, INC. 1 7.25% $5,493
Encompass Lending Group, LP 1 6.50% $17,748
EMBRACE HOME LOANS, INC. 1 5.99% $29,202
Stride Bank 1 6.63% $10,546
DAS Acquisition Company, LLC 1 7.13% $16,704
CREDIT UNION MORTGAGE ASSOCIATION, INC. 1 6.13% $656
Affiliated Bank 1 5.75% $7,120
Core Bank 1 5.63% $4,424
City Lending Inc. 1 6.63% $39,093
Citizens Bank 1 6.13% $8,037
CHURCHILL MORTGAGE CORPORATION 1 6.13% $7,866
BAYSHORE MORTGAGE FUNDING, LLC 1 7.00% $5,976
BankPlus 1 5.75% $8,772
AXIA FINANCIAL, LLC 1 6.25% $5,263
Atlantic Coast Mortgage, LLC 1 6.75% $8,794
American Mortgage & Equity Consultants, Inc. 1 6.25% $11,890
V.I.P. MORTGAGE, INC. 1 7.13% $4,105
1ST SIGNATURE LENDING, LLC 1 8.00% $9,523
NBH Bank 1 5.75% $2,008
Service Federal Credit Union 1 6.38% $6,502
NORWICH COMMERCIAL GROUP, INC. 1 6.25% $7,143
OCMBC, INC. 1 7.63% $5,024
Old National Bank 1 4.75% $10,894
MORTGAGE ACCESS CORP. 1 6.13% $23,302
Merchants Bank of Indiana 1 6.49% $4,506
MEMBER FIRST MORTGAGE, LLC 1 6.63% $11,561
INTERLINC MORTGAGE SERVICES, LLC 1 7.13% $2,594
Home Mortgage Alliance Corp 1 6.25% $5,618
Home Federal Bank 1 5.50% $21,614
Great Southern Bank 1 6.50% $8,111
PREMIA MORTGAGE, LLC 1 5.99% $19,214
PREMIER MORTGAGE RESOURCES, L.L.C. 1 6.75% $4,430
Gateway First Bank 1 7.13% $2,462
GARDNER FINANCIAL SERVICES, LTD. 1 6.13% $5,187
Princeton Mortgage Corporation 1 7.25% $5,362
First Federal Bank, A FSB 1 7.25% $8,319

The top Louisiana VA lender as defined by loan originations is Mortgage Research Center, LLC, with 863 VA loans originated. Their average total fees are $4,847, which is $1,267 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 ($3,413), GUARANTEED RATE, INC. ($4,313), HOMEBRIDGE FINANCIAL SERVICES, INC. ($4,371), JPMorgan Chase Bank ($4,548) and ARK-LA-TEX FINANCIAL SERVICES, LLC. ($4,652).

The lowest rate Louisiana VA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (4.81%), PENNYMAC LOAN SERVICES, LLC (5.60%), LAKEVIEW LOAN SERVICING, LLC (5.65%), Lakeview Community Capital, LLC (5.74%) and CLEARPATH LENDING (5.76%).

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.