Baton Rouge VA Loan Rates, Closing Costs & Stats

BATON ROUGE, LA

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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.

    Baton Rouge's 95 lenders originated 924 VA loans during 2024. The total origination value was $279,260,000, with an average VA loan value of $302,229.

    Baton Rouge VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Baton Rouge averaged 6.73% for the week of 2025-07-18, compared to the national average (all VA variants) of 6.385% for the same period.

    Baton Rouge's average VA mortgage closing costs are $6,028.

    The average rate for the prior week (2025-07-11) was 6.52% and one month ago for the week of 2025-06-13, the average rate was 6.6%.

    The average rate one year ago was 6.49%.

    For refis of the same type during the week of 2025-07-18, the average rate was 6.3%.

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

    Baton Rouge 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 Baton Rouge level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Mortgage Research Center, LLC 115 6.37% $6,255
    UNITED WHOLESALE MORTGAGE, LLC 100 5.94% $6,309
    FREEDOM MORTGAGE CORPORATION 73 6.19% $6,706
    GMFS LLC 66 6.45% $6,360
    DSLD MORTGAGE, LLC 49 6.21% $3,562
    QUICKEN LOANS, LLC 34 6.15% $9,692
    DHI MORTGAGE COMPANY, LTD. 33 4.96% $6,823
    PENNYMAC LOAN SERVICES, LLC 25 5.60% $5,830
    VILLAGE CAPITAL MORTGAGE 19 5.85% $6,492
    Assurance Financial Group, L.L.C. 19 6.41% $4,981
    NEW DAY FINANCIAL, LLC 17 7.49% $12,140
    MOVEMENT MORTGAGE, LLC 17 6.33% $9,808
    USAA Federal Savings Bank 15 6.05% $7,952
    NAVY FEDERAL CREDIT UNION 14 5.82% $4,311
    EUSTIS AND AMERICAN MORTGAGE COMPANY 13 6.33% $8,027
    Gulf Coast Bank and Trust Company 11 6.30% $7,989
    Hancock Whitney Bank 11 6.00% $10,633
    MORTGAGE SOLUTIONS OF COLORADO, LLC 11 7.48% $2,374
    NEWREZ LLC 10 6.01% $6,256
    LOANDEPOT.COM, LLC 10 5.80% $11,201
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 10 6.52% $4,067
    Mr. Cooper ( Nationstar Mortgage ) 9 6.10% $11,237
    FIDELITY BANK 9 6.47% $8,068
    Equity Prime Mortgage LLC 7 6.43% $9,853
    CARDINAL FINANCIAL 7 6.32% $8,133
    Red River Bank 7 5.87% $4,286
    The Federal Savings Bank 6 6.31% $12,189
    LAKEVIEW LOAN SERVICING, LLC 6 5.83% $4,903
    SUN WEST MORTGAGE COMPANY, INC. 6 6.24% $7,609
    HOMESIDE FINANCIAL, LLC 6 6.75% $11,616
    PLANET HOME LENDING, LLC 6 5.68% $4,647
    Wolfe Financial, Inc 5 6.73% $14,025
    CROSSCOUNTRY MORTGAGE, LLC 5 6.51% $7,122
    CLEARPATH LENDING 5 6.20% $5,676
    AMERICAN FINANCIAL NETWORK, INC. 5 6.63% $6,782
    Barrington Bank & Trust Company, N.A. 5 6.45% $5,786
    MUTUAL OF OMAHA MORTGAGE, INC. 5 6.38% $12,471
    Residential Acceptance Corporation 4 7.50% $11,109
    HOMEBRIDGE FINANCIAL SERVICES, INC. 4 5.81% $4,900
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 4 6.97% $5,807
    JPMorgan Chase Bank 4 5.97% $6,339
    Carrington Mortgage Services, LLC 4 6.16% $5,905
    Network Funding, L.P. 4 6.62% $9,082
    PRIMARY RESIDENTIAL MORTGAGE, INC. 3 6.75% $7,385
    AMERICAN FINANCIAL RESOURCES, INC. 3 7.04% $6,784
    CANOPY MORTGAGE, LLC 3 7.17% $11,680
    FIRST COMMUNITY MORTGAGE, INC. 3 6.25% $8,053
    First Horizon Bank 3 5.92% $14,587
    Flagstar Bank, FSB 3 6.09% $8,343
    GUILD MORTGAGE COMPANY 3 6.63% $8,948
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 3 6.66% $3,416
    Merchants & Marine Bank 3 5.96% $6,991
    Nations Lending Corporation 3 6.71% $10,581
    Paramount Residential Mortgage Group, Inc. 2 6.56% $15,096
    HOMESPIRE MORTGAGE CORPORATION 2 6.63% $7,923
    Texana Bank 2 6.88% $12,387
    GUARANTEED RATE, INC. 2 5.66% $11,810
    The Loan Store, Inc. 2 6.44% $9,138
    First Federal Bank 2 6.38% $3,955
    Towne Bank 2 5.75% $9,554
    Magnolia Bank 2 6.00% $17,778
    MID AMERICA MORTGAGE, INC. 2 6.63% $4,546
    AMERISAVE MORTGAGE CORPORATION 2 7.00% $14,716
    CMG MORTGAGE, INC. 2 6.88% $12,166
    AmeriHome Mortgage Company, LLC 2 5.94% $4,651
    PLAZA HOME MORTGAGE, INC. 2 6.19% $9,364
    SUMMIT FUNDING, INC. 2 6.59% $3,065
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 7.25% $6,715
    Princeton Mortgage Corporation 1 7.25% $5,362
    Cornerstone First Mortgage, Inc 1 7.50% $3,558
    Regions Bank 1 6.25% $4,474
    SOUTHWEST FUNDING, LP 1 7.00% $5,160
    BROKER SOLUTIONS, INC. 1 7.75% $9,086
    SWBC MORTGAGE CORPORATION 1 7.13% $5,352
    BankPlus 1 5.75% $8,772
    THE MORTGAGE FIRM, INC. 1 7.13% $4,157
    UNION HOME MORTGAGE CORP. 1 5.63% $3,304
    Bank of England 1 6.75% $745
    U.S. Bank 1 6.50% $2,811
    Wells Fargo Bank 1 7.00% $2,395
    MORTGAGE ACCESS CORP. 1 6.13% $23,302
    MORTGAGE FINANCIAL SERVICES, LLC 1 7.13% $4,537
    MICHIGAN MUTUAL, INC. 1 5.75% $600
    NATIONS DIRECT MORTGAGE, LLC 1 6.13% $2,930
    American Mortgage & Equity Consultants, Inc. 1 6.25% $11,890
    NBKC BANK 1 6.13% $41
    NETWORK CAPITAL FUNDING CORPORATION 1 6.25% $13,607
    INSPIRE HOME LOANS INC. 1 5.88% $6,710
    NORWICH COMMERCIAL GROUP, INC. 1 6.25% $7,143
    OCMBC, INC. 1 7.63% $5,024
    GUARANTEED RATE AFFINITY, LLC 1 6.05% $17,322
    PENTAGON FEDERAL CREDIT UNION 1 5.75% $4,324
    PHH Mortgage Corporation 1 5.63% $3,079
    GENEVA FINANCIAL, LLC 1 6.75% $9,731
    ALLIANT CREDIT UNION 1 5.63% $12,418

    The top Baton Rouge VA lender as defined by loan originations is Mortgage Research Center, LLC, with 115 VA loans originated. Their average total fees are $6,255, which is $54 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Baton Rouge VA lenders (with over 10 loans originated) are MORTGAGE SOLUTIONS OF COLORADO, LLC ($2,374), DSLD MORTGAGE, LLC ($3,562), ARK-LA-TEX FINANCIAL SERVICES, LLC. ($4,067), NAVY FEDERAL CREDIT UNION ($4,311) and Assurance Financial Group, L.L.C. ($4,981).

    The lowest rate Baton Rouge VA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (4.96%), PENNYMAC LOAN SERVICES, LLC (5.60%), LOANDEPOT.COM, LLC (5.80%), NAVY FEDERAL CREDIT UNION (5.82%) and VILLAGE CAPITAL MORTGAGE (5.85%).

    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.