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 6.29% for the week of 2023-05-26, compared to the national average (all VA variants) of 6.408% for the same period.

    Louisiana's average VA mortgage closing costs are $5,539.

    The average rate for the prior week (2023-05-19) was 5.81% and one month ago for the week of 2023-04-21, the average rate was 5.73%.

    The average rate one year ago was 4.71%.

    For refis of the same type during the week of 2023-05-26, the average rate was 5.36%.

    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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    Mortgage Research Center, LLC 1,076 5.06% $6,331
    UNITED WHOLESALE MORTGAGE, LLC 480 4.72% $7,658
    QUICKEN LOANS, LLC 337 4.18% $9,404
    NAVY FEDERAL CREDIT UNION 280 4.03% $6,870
    GMFS LLC 266 4.48% $6,716
    FREEDOM MORTGAGE CORPORATION 253 4.62% $9,046
    USAA Federal Savings Bank 197 4.33% $8,248
    DHI MORTGAGE COMPANY, LTD. 178 4.29% $6,835
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 162 4.96% $6,486
    EUSTIS AND AMERICAN MORTGAGE COMPANY 152 4.86% $7,100
    MOVEMENT MORTGAGE, LLC 135 4.92% $6,673
    DSLD MORTGAGE, LLC 133 4.88% $6,836
    PENNYMAC LOAN SERVICES, LLC 127 3.56% $7,964
    NEW DAY FINANCIAL, LLC 122 5.17% $9,470
    LOANDEPOT.COM, LLC 120 4.27% $8,968
    FIDELITY BANK 115 4.77% $8,228
    Assurance Financial Group, L.L.C. 113 5.00% $8,285
    HOME POINT FINANCIAL CORPORATION 105 4.40% $8,813
    CALIBER HOME LOANS, INC. 102 4.56% $10,295
    CARDINAL FINANCIAL 60 4.75% $10,680
    Mr. Cooper ( Nationstar Mortgage ) 58 4.58% $8,041
    Barrington Bank & Trust Company, N.A. 44 4.53% $7,224
    NEWREZ LLC 43 4.36% $6,567
    Flagstar Bank, FSB 41 4.35% $6,644
    The Federal Savings Bank 39 4.71% $12,160
    VILLAGE CAPITAL MORTGAGE 39 3.87% $9,044
    CROSSCOUNTRY MORTGAGE, LLC 38 4.75% $10,189
    Red River Bank 37 4.22% $7,692
    Gulf Coast Bank and Trust Company 34 4.55% $10,959
    Origin Bank 34 4.68% $8,985
    Carrington Mortgage Services, LLC 34 4.76% $7,101
    UNION HOME MORTGAGE CORP. 33 4.67% $7,892
    LAKEVIEW LOAN SERVICING, LLC 32 3.23% $3,687
    AMERISAVE MORTGAGE CORPORATION 31 4.41% $9,985
    Mid-Continent Funding, Inc. 29 4.84% $7,476
    PRIMARY RESIDENTIAL MORTGAGE, INC. 29 5.76% $4,841
    PLANET HOME LENDING, LLC 29 5.24% $7,505
    GUARANTEED RATE, INC. 29 5.25% $5,781
    Wells Fargo Bank 28 4.33% $3,805
    PRIMELENDING, A PLAINSCAPITAL COMPANY 27 5.01% $6,265
    STANDARD MORTGAGE CORPORATION 27 4.23% $8,204
    CMG MORTGAGE, INC. 27 4.33% $10,683
    JPMorgan Chase Bank 26 4.47% $6,840
    LHM FINANCIAL CORPORATION 25 4.72% $11,578
    SOUTHWEST FUNDING, LP 25 5.46% $12,237
    Citizens Bank 25 4.38% $6,177
    MORTGAGE SOLUTIONS OF COLORADO, LLC 25 5.73% $4,788
    PENTAGON FEDERAL CREDIT UNION 24 3.75% $6,399
    GUILD MORTGAGE COMPANY 23 4.93% $9,278
    DRAPER AND KRAMER MORTGAGE CORP. 20 5.21% $9,914
    CLEARPATH LENDING 20 3.93% $9,731
    BROKER SOLUTIONS, INC. 19 4.41% $9,165
    NATIONS RELIABLE LENDING, LLC 19 4.59% $8,180
    First Horizon Bank 18 4.40% $9,714
    Nations Lending Corporation 18 4.57% $5,838
    Cross Keys Bank 18 4.77% $7,887
    Equity Prime Mortgage LLC 17 5.74% $6,837
    Gateway First Bank 17 4.98% $4,838
    Goldwater Bank, N.A. 17 4.90% $8,521
    SUMMIT FUNDING, INC. 17 4.92% $10,924
    Trustmark National Bank 16 4.79% $6,810
    BARKSDALE 16 4.62% $6,222
    MID AMERICA MORTGAGE, INC. 15 5.11% $5,271
    NATIONS DIRECT MORTGAGE, LLC 15 4.62% $12,950
    MUTUAL OF OMAHA MORTGAGE, INC. 15 4.72% $8,266
    MORTGAGE FINANCIAL SERVICES, LLC 14 4.70% $9,285
    Regions Bank 13 5.08% $7,997
    NTFN, INC. 13 4.52% $4,997
    THE MORTGAGE FIRM, INC. 13 5.51% $9,027
    Eagle Bank and Trust Company 12 4.80% $7,754
    Lakeview Community Capital, LLC 12 3.03% $4,533
    KEESLER 11 4.32% $5,777
    Magnolia Bank 11 4.45% $10,027
    INTERLINC MORTGAGE SERVICES, LLC 11 5.18% $13,290
    Armed Forces Bank 11 4.06% $6,871
    Hancock Whitney Bank 11 3.94% $8,504
    Home Federal Bank 10 4.65% $8,905
    FirstTrust Home Loans, Inc. 10 4.33% $8,754
    ANGEL OAK HOME LOANS LLC 10 4.20% $7,247
    BNC National Bank 9 4.29% $10,888
    PLAZA HOME MORTGAGE, INC. 9 5.44% $8,430
    NBKC BANK 9 4.61% $9,252
    BancorpSouth Bank 9 4.68% $6,873
    Bank of England 9 4.79% $6,397
    AMERICAN FINANCIAL RESOURCES, INC. 9 4.93% $7,349
    HOMEBRIDGE FINANCIAL SERVICES, INC. 9 3.69% $12,838
    Low VA Rates, LLC 8 4.03% $9,001
    America's Mortgage Resource, Inc. 8 5.58% $10,450
    FIRST COMMUNITY MORTGAGE, INC. 8 4.31% $10,017
    AMCAP MORTGAGE, LTD. 8 5.33% $7,051
    West Town Bank & Trust 8 4.44% $11,787
    T2 FINANCIAL LLC 8 4.98% $11,530
    First Option Mortgage, LLC 7 4.46% $12,362
    The Central Trust Bank 7 4.23% $9,217
    HOMESIDE FINANCIAL, LLC 7 5.59% $7,653
    ACADEMY MORTGAGE CORPORATION 7 5.39% $7,938
    SOUTHWEST STAGE FUNDING, LLC 7 4.91% $2,744
    PIERREMONT MORTGAGE, INC. 7 4.11% $8,960
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 6 4.81% $7,097
    First Federal Bank 6 5.31% $5,870
    Paramount Residential Mortgage Group, Inc. 6 5.69% $13,977
    CRESCENT MORTGAGE COMPANY 6 4.73% $9,582
    THRIVE MORTGAGE, LLC 6 4.98% $8,946
    North American Savings Bank, F.S.B. 6 3.81% $13,374
    Wyndham Capital Mortgage, Inc. 5 3.98% $8,473
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 5 4.35% $9,527
    NETWORK CAPITAL FUNDING CORPORATION 5 3.88% $11,740
    AMERICAN PACIFIC MORTGAGE CORPORATION 5 5.65% $11,927
    Republic State Mortgage Co. 5 4.65% $11,407
    First Guaranty Mortgage Corporation 5 3.83% $4,717
    Citizens National Bank, N.A. 5 3.63% $9,975
    Wolfe Financial, Inc 5 4.85% $7,276
    Plains Commerce Bank 5 4.28% $14,609
    MORTGAGE ACCESS CORP. 5 4.65% $14,324
    SECURITYNATIONAL MORTGAGE COMPANY 4 4.81% $10,986
    TJC Mortgage, Inc. 4 4.66% $5,029
    Network Funding, L.P. 4 5.19% $13,636
    RELIANCE FIRST CAPITAL, LLC 4 5.06% $8,266
    PREMIA MORTGAGE, LLC 4 4.25% $7,442
    Sabine State Bank and Trust Company 4 4.59% $5,566
    M&T Bank 4 3.56% $7,022
    AMERICAN FINANCING CORPORATION 4 3.25% $6,488
    EMM LOANS LLC 4 4.59% $6,853
    Austin Capital Bank SSB 4 5.94% $10,266
    FBT Mortgage, L.L.C. 3 3.79% $6,047
    CHURCHILL MORTGAGE CORPORATION 3 5.63% $10,372
    OCMBC, INC. 3 5.38% $5,265
    AMERICAN PORTFOLIO MORTGAGE CORPORATION 3 6.67% $3,232
    NP, Inc. 3 3.21% $5,796
    NFM, INC. 3 4.58% $4,606
    Century Next Bank 3 5.38% $6,020
    HOMESTAR FINANCIAL CORPORATION 3 5.54% $7,260
    TOWNE MORTGAGE COMPANY 3 4.58% $8,277
    GSF Mortgage Corporation 3 4.29% $12,587
    SUN WEST MORTGAGE COMPANY, INC. 3 4.75% $5,239
    SWBC MORTGAGE CORPORATION 3 5.13% $9,165
    Academy Bank 2 4.88% $7,904
    AmRes Corporation 2 4.88% $10,055
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 2 5.69% $5,367
    BankPlus 2 4.00% $2,935
    BAYSHORE MORTGAGE FUNDING, LLC 2 4.87% $20,438
    BOKF 2 4.38% $6,989
    Capital Bank 2 5.88% $13,010
    CONTOUR MORTGAGE CORPORATION 2 6.44% $9,273
    Cornerstone First Mortgage, Inc 2 4.44% $12,791
    FirstBank 2 3.63% $7,129
    First Home Bank 2 5.44% $3,353
    GENEVA FINANCIAL, LLC 2 5.63% $5,807
    GUARANTEED RATE AFFINITY, LLC 2 5.01% $20,033
    Hometown Equity Mortgage, LLC 2 4.50% $7,240
    Hometown Lenders, Inc. 2 3.06% $9,491
    MIDLAND MORTGAGE CORPORATION 2 5.25% $7,309
    NBH Bank 2 5.56% $6,797
    Northpointe Bank 2 4.75% $4,907
    Paramount Bank 2 4.13% $12,786
    RESIDENTIAL BANCORP. 2 2.94% $6,807
    Sunflower Bank 2 6.19% $8,420
    Texana Bank 2 3.94% $5,619
    VAN DYK MORTGAGE CORPORATION 2 3.56% $4,937
    Waterstone Mortgage Corporation 2 4.63% $8,970
    ROSS MORTGAGE CORPORATION 1 5.75% $17,796
    S1L, Inc. 1 5.75% $10,608
    NexBank 1 3.75% $15,350
    NATIONWIDE MORTGAGE BANKERS, INC. 1 5.25% $16,191
    Shamrock Home Loans, Inc. 1 4.25% $11,499
    Southern First Bank 1 5.13% $3,064
    Meridian Bank Corporation 1 4.50% $8,570
    MEMBER FIRST MORTGAGE, LLC 1 3.75% $5,354
    SOVEREIGN LENDING GROUP INCORPORATED 1 2.75% $3,947
    KELLER MORTGAGE, LLC 1 5.63% $3,000
    Strong Home Mortgage, LLC 1 2.75% $10,936
    Ixonia Bank 1 3.25% $13,226
    Ameris Bank 1 5.13% $5,073
    GSB MORTGAGE, INC. 1 3.38% $2,229
    Great Southern Bank 1 3.25% $3,163
    First Savings Bank 1 4.38% $4,350
    AmeriHome Mortgage Company, LLC 1 6.50% $7,038
    First National Bank 1 5.00% $7,574
    First Internet Bank of Indiana 1 3.75% $7,670
    The Huntington National Bank 1 3.75% $2,519
    Exchange Bank 1 4.50% $9,441
    The Union Bank Company 1 2.88% $15,161
    EVERETT FINANCIAL, INC. 1 4.88% $2,192
    EMBRACE HOME LOANS, INC. 1 5.75% $9,779
    DELMAR FINANCIAL COMPANY 1 5.25% $14,343
    Truist 1 6.25% $2,377
    DAS Acquisition Company, LLC 1 5.25% $658
    Community First National Bank 1 7.13% $5,744
    CERTAINTY HOME LOANS, LLC 1 5.75% $9,275
    Centennial Bank 1 4.50% $26,957
    U.S. Bank 1 5.13% $19,631
    US MORTGAGE CORPORATION 1 5.63% $12,731
    VANDERBILT MORTGAGE AND FINANCE, INC. 1 3.50% $9,092
    AMERICAN ADVISORS GROUP 1 4.25% $8,755
    BAY EQUITY LLC 1 4.63% $12,203
    ZILLOW HOME LOANS, LLC 1 5.75% $5,396
    PNC Bank 1 5.13% $9,276
    PHH Mortgage Corporation 1 4.63% $22,683
    OPEN MORTGAGE, LLC 1 5.75% $9,552
    ON Q FINANCIAL, INC. 1 2.75% $2,269
    BankVista 1 4.50% $4,049

    The top Louisiana VA lender as defined by loan originations is Mortgage Research Center, LLC, with 1,076 VA loans originated. Their average total fees are $6,331, which is $1,327 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Louisiana VA lenders (with over 10 loans originated) are LAKEVIEW LOAN SERVICING, LLC ($3,687), Wells Fargo Bank ($3,805), Lakeview Community Capital, LLC ($4,533), MORTGAGE SOLUTIONS OF COLORADO, LLC ($4,788) and Gateway First Bank ($4,838).

    The lowest rate Louisiana VA lenders (with over 10 loans originated) are Lakeview Community Capital, LLC (3.03%), LAKEVIEW LOAN SERVICING, LLC (3.23%), PENNYMAC LOAN SERVICES, LLC (3.56%), PENTAGON FEDERAL CREDIT UNION (3.75%) and VILLAGE CAPITAL MORTGAGE (3.87%).

    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.