Louisiana VA Loan Rates, Closing Costs & Stats

Louisiana

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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.

    Louisiana VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Louisiana averaged 0.25% for the week of 2024-11-15, compared to the national average (all VA variants) of 0% for the same period.

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

    The average rate for the prior week (2024-11-08) was 6.36% and one month ago for the week of 2024-10-11, the average rate was 5.93%.

    The average rate one year ago was 7.12%.

    For refis of the same type during the week of 2024-11-15, the average rate was 0.35%.

    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.