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 6.96% for the week of 2025-05-23, compared to the national average (all VA variants) of 6.52% for the same period.

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

    The average rate for the prior week (2025-05-16) was 6.94% and one month ago for the week of 2025-04-18, the average rate was 6.81%.

    The average rate one year ago was 6.63%.

    For refis of the same type during the week of 2025-05-23, the average rate was 6.63%.

    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.